Crypto Top 10 (18th June, 2018): Bitcoin stabilises, EOS takes a hit

Here’s a look at the performance of the Top 10 cryptocurrencies – by 24h trading volume – on the CryptoCompare chart, as well as winners and losers across the board.

Updated at 7.40am (UK GMT+1) June 18th, 2018..

The Top 10, as of 6.30am (UK GMT+1) June 18th, 2018 looked like this…

Overview

It was another day of modest losses yesterday, after a stable weekend in the world of Bitcoin (BTC). While it was undoubtedly another day in the red, 1.19% in either direction is really nothing to write home about in the big picture – but it does help to confirm the continuation of the steady slide downwards in price that has dominated the charts over the last month. The fact that most other top-traded cryptos followed is now surprise.

EOS (EOS) took the biggest drop – though not a massive one (see below).

LiteCoin (LTC) dipped 2.5%, but still managed to keep its chin above the year-low it hit late last week.

Etherium Classic‘s (ETC) 25% rise last Wednesday – despite a steady fall-back since – means it’s one of only two in the Top 10 that is up in value over the last seven days.

The other is Binance Coin (BNB), a real trend-bucker over the last few months and one of only a handful of consistent risers through 2018. The utility token for the exchange appears to continue to be attractive, both for the savings it can offer Binance users in terms of fees, and as a tradable entity in its own right.

Ripple (XRP – the cryptocurrency) continues to struggle, both in terms of price and trading volume, which saw it slip down the list to a lowly 8th spot on the day – down from 6th in terms of trading volume.

Here’s how that Top 10 looked at the time you opened this article.

Joining the Top 10: 

QTUM (QTUM), an ecosystem for dApps, has jumped back into the Top 10 over the weekend alongside the strong performing Binance Coin (BNB)

Leaving the Top 10: 

Dropping out to make way for those two returners are Cardano (ADA) and Tronix (TRX). The latter of the two appears to be throttling back a little in terms of interest followings it official break from Ethereum’s blockchain at the start of the month, while the former has slipped after good news on it achieving roadmap goals announced last week.

Biggest Movers by %

Within Top 10:

As we’ve reported, Binance Coin was the big Top 10 gainer of the day. In fact it was the only one.

EOS (EOS) suffered the biggest loss on the day, though it is not as bad as could be expected following its troublesome launch, and it being forced to pause its newly minted network over the weekend in order to patch a bug.

Here’s how it’s looking right now – it will be worth keeping an eye on how markets react to the weekend’s news over the next 24hrs.

 

Outside Top 10:

Here are all the Top 10 gainers on the day…

That means, I guess, we need to talk about Docademic, and that stellar rise over the 24hrs. There appears to be a couple of reasons for it: the major one being John McAfee saying things like this…

That was all a part of a ringing endorsement for the Telemedicine start-up from the former-virus-zapper-cum-libertarian-cum-crypto-evangelist, where he declared that it’s model would be central to his upcoming presidential bid. Looks like McAfee could be worth all the money he’s been paid in recent months to promote cryptos via his influential, eagerly watched Twitter account.

Here are the Top 10 losers.

Two losers jump out at the top of coins in the red over the previous 24hrs. With a loss of nearly 15% is Skycoin (SKY), a crypto that prizes decentralisation above all else, and is touted as the basis of a decentralised ecosystem known as SkyWire. Registering a drop just over 10% is Skrumble Network (SKM), a secure messaging system.

It is worthy of note, however, that both also registered the lowest trading volumes of the bottom ten, according to CryptoCompare’s data – meaning it’s likely that, at such relatively low liquidities (even compared to total market cap), a big drop like this is more likely if a large amount of that volume comes from a few trades. SKM 7-day chart certainly seems to hint at a big single sale in the last day causing the drop. Skycoin’s steadier decline is less definitive in that sense.