Is the altcoin season upon us? Given this week’s trending topics in crypto, you’d definitely think so!
Similar to yesterday and the day before, there’s been plenty of talk about potential breakout coins and short-lived bull runs, and sparse discussions about few other big announcements. But mostly coins!
Here’s our breakdown of top trending words for January 17th, 2019:
(FYI, you can always check the top trending words on SANbase. For the latest, up-to-date trends, staking 1000 SANs is required)
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Binance has launched a new fiat-to-crypto exchange on the island of Jersey, a British self-governing dependency.
The new exchange is targeting crypto enthusiasts in EU and the UK, allowing users to trade BTC and ETH against GDP and Euro.
Binance Jersey will be operating independently from Binance.com, but will be built using the same technology.
Gifto joins the list of tokens that experienced a noteworthy rise in price since the start of the week. In a matter of 2 days, the coin managed to go from $0.021952 to $0.037352 (a +70% increase):
Looks to us like someone is making the rounds with altcoins. Such pumps are pretty spectacular to watch and reminisce of the 2016 days.
Noticed any other coins behaving in the same manner recently? Let us know!
Blockstream, a blockchain technology company is launching a beta version of its Satellite API, aimed to help developers broadcast data via the company’s satellite network.
Users can utilize Blockstream’s satellites for encrypted messaging, and pay for the service via the Lightning testnet, meaning that broadcasting is free for the moment.
Yet another coin on the uptick, POWR has recorded a 54.7% gain over the last 3 days, and is up 15.09% for the last 24hrs.
Also of note, someone seems to be collecting a lot of POWR lately. Watch this space?
Following this week’s rumour that Russia might be planning to buy $10bn worth of BTC, a Russian official stepped forward to say no dice.
‘The Russian Federation, like any other country in the world, is simply not ready today to somehow combine its traditional financial system with cryptocurrencies’ said Elina Sidorenko, chairperson of the Russian Duma’s working group for managing risks of cryptocurrency turnover.
This week’s biggest repeat offender, Agrello’s DLT joins our list for a third day in a row, amid the coin’s breakout run.
While yesterday hasn’t been particularly kind to DLT, Thursday seems to be a day for rally; the coin’s currently on a daily high of $0.134, and is up 34.38% in the last 24hrs.
It’s been an eventful few days for iExec’s coin, leaping from 0.189 to 0.239 in about 24hrs yesterday.
A clear downward trend has emerged since, with Rlc currently at $0.204%, down 11.29% for the day. 1-week price action:
Another breakout story, Monetha’s coin went from $0.014 on Monday to $0.019 today, and while it has dipped slightly from a daily high, it’s still up 10.75% for the last 24hrs. Here’s Mth’s biweekly price action:
Three days in, the crowd is still buzzing about the Cryptopia hack. There’s still little info about the attack and no official figures released, though many suspect between $2.5m and $3.5m stolen.
In the most recent Cryptopia-related news, Binance has frozen some of the funds which were stolen from the NZ crypto exchange. He also expressed his disbelief about it on Twitter:
Topping our charts for a second day in a row, Tierion’s surge hardly went unnoticed. Tho the coin gained over 100% yesterday it has since stabilized and headed back south, and is currently down 5.99% for the day:
The last bull run being discussed today, Qlc has remained relatively stagnant for the past 24hrs, following a massive spike on Monday and Tuesday. It’s currently recording 24hrs losses of ~2.77%
As always, visit SANbase to explore these and other trends in more detail!