Ethereum Leads The Way Amid Slowly Moving Crypto Market

By Kapil Gauhar

Cryptocurrency market has continued its slow march upwards for one more day. Though the gains are minimal, but cryptocurrencies are steadily gaining momentum as total market cap stays above $130 billion.

Bitcoin

At the time of writing this post, Bitcoin has crawled up 1.7% on the day to an intraday high of $3,950 a couple of hours ago before pulling back. The daily volume of bitcoin has expanded by a billion dollars to $5.2 billion and the trend since new year’s day has been positive.

Ethereum

Ethereum is leading the pack today with a strong 8% gain to take it over $155. ETH has stayed a step ahead of XRP and got the second spot, increasing the gap to $1 billion in the market capitalization.

The upcoming Constantinople hard fork and the system update is probably going to spell further gains for Ethereum.

Other Altcoins

The top ten altcoins are in the green for the third day of the year. Besides Ethereum, EOS has made the best gains amid the day’s Asian trading session with 6.2%. This has helped it to expand the lead over Stellar in the sixth which has only made 1.2%.

Litecoin is up nearly 4% as it goes towards the market capitalization of $2 billion.

Not only the top 10, but top 20 cryptocurrencies too are in green, at the time of writing. Maker is leading the way adding over 6% to take it close to $500.

Monero and Iota too are getting solid gains of 5% presently, and the rest are climbing 1 to 3% on the day.

Chainlink – Today’s Big Pump

Chainlink is the big pump today that has made 20% topping the top one hundred in the form of performance at the moment. Dentacoin and Augur too are doing well with 14% added on the day.

Getting bashed is Digitex Futures that’s dumping 15%. This is the only altcoins losing double digits, at the time of writing.