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5 Altcoins Seeking Promotion to the Market Cap Top 15 in Late 2018

Several cryptocurrencies attempt to bank on big movement later throughout 2018. More specifically, there are a fair few projects which are on the verge of entering the top 15 ranked by market cap. Capitalizing on this momentum will be challenging, and the following coins – ranked by current market cap – may make their move in the coming months.

#5 Dogecoin

It has been a very surprising second half of 2018 for Dogecoin so far. A lot of cryptocurrency enthusiasts expected this coin to die off quite some time ago, yet it seems the interest in DOGE is higher than it was ever before. That in itself is an interesting example of how the cryptocurrency industry is still evolving and maturing. Dogecoin also remains one of the easiest accessible cryptocurrencies, as it can be mined with regular computer hardware relatively easily.

Dogecoin is seemingly in a better position to surpass the threshold to enter the top 15 market cap list. Based on the sentiment over the past few days and weeks, it is not unlikely Dogecoin might hit a cap of $1bn in the near future. It would need an additional $200m on top of that to enter the top 15.

#4 VeChain

With all of the partnerships VeChain is forming as of late, the project’s total valuation is bound to go up in the coming months and years. Although the project is still in the rather early stages of development, there is genuine excitement regarding the future of VET. Its current market cap of $756m seems poised for growth, and a jump to $1bn is not out of the question. It will not be sufficient to enter the top 15 yet – that requires a $400m increase – but it’s a big step in the right direction.

#3 Tezos

Ever since Tezos was released to the public, investors have been looking for ways to capitalize on the token in many different ways. Now that the project is finally coming together in a meaningful way, the market cap of Tezos is also heading toward the $1bn mark. At the time of writing, the project is valued at $766m, as each individual token is worth $1.29. To reach the top 15, Tezos’ market cap will need to increase by $385m, assuming the rest of the currencies do not go up in value accordingly.

#2 NEM

Even though NEM used to be in the top 15 earlier this year, the Coincheck hack has shaken things up quite a bit. The currency is still around and gaining traction, as its market cap holds its own at $800m with relative ease. The jump to the top 15 is not out of the question, although finding an extra $350m in valuation will not be easy under the current conditions.

#1 Binance Coin

The ongoing success of the Binance exchange cannot be denied. Although not everyone sees merit in this token right away, it gives a lot of value to Binance users all over the world. The interest in this exchange is getting more people acquainted with BNB, resulting in a current market cap of $920m. To enter the top 15, Binance Coin needs a $250m increase – at the bare minimum – to inch ahead of Ethereum Classic.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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