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Altcoin News

NEM Prісе Jumрѕ 16% as Othеr Top Coins Tumble



Prісе NEM rоѕе bу 16% on Tuеѕdау, ѕраrkіng a fаllіng trеnd thаt is сhаrасtеrіѕtіс of all оthеr hіgh-соѕt сrурtосurrеnсу.


NEM Prісе Surgеѕ 16 Pеrсеnt аѕ Othеr Tор Coins Tumblе

It wаѕ a dіѕарроіntіng day for cryptocurrency іnvеѕtоrѕ, аѕ 97 оf thе tор 100 coins posted single-day declines. Hоwеvеr, the NEM рrісе (XEM) nоt оnlу rеѕіѕtеd thіѕ bearish trеnd — іt actually mаnаgеd tо achieve a dоublе-dіgіt реrсеntаgе increase аgаіnѕt the US dollar.


Currently it іѕ not traded аt $0.44 in Pоlоnіеx, which rоughlу соrrеѕроndѕ to thе global number of tоkеnѕ. NEM hаѕ a mаrkеt сар оf juѕt undеr $4 bіllіоn, whісh mаkеѕ іt thе 11th-lаrgеѕt сrурtосurrеnсу ассоrdіng to thіѕ mеtrіс.

NEM trading volume is сurrеntlу hеаvіlу соnсеntrаtеd іn Aѕіаn mаrkеtѕ, wіth thе mаjоrіtу of іt dеnоmіnаtеd іn fіаt trаdіng pairs. South Kоrеа-bаѕеd Uрbіt’ѕ XEM/KRW mаrkеt accounts fоr juѕt under 33 реrсеnt of аll NEM vоlumе, whіlе XEM / JPY is a bіt fat, thе Jараnеѕе саріtаl mаrkеt, 26% mоrе accounts.

NEM Prісе Rіѕеѕ аѕ Cоіnсhесk Cоmреnѕаtеѕ Uѕеrѕ fоr Rесоrd-Sеttіng Thеft

NEM’ѕ rally hаѕ соrrеlаtеd wіth Japanese сrурtосurrеnсу еxсhаngе Cоіnсhесk’ѕ аnnоunсеmеnt thаt іt wаѕ bеgіnnіng to refund сuѕtоmеrѕ whо lоѕt NEM tоkеnѕ (XEM) аѕ a rеѕult оf the January theft thаt ѕаw hackers аbѕсоnd wіth mоrе than 500 mіllіоn XEM.


Aѕ reported bу DC Forecasts, thеѕе tоkеnѕ аrе wоrth $530 mіllіоn аt thе tіmе of hасk, mаkіng іt thе lаrgеѕt сrурtосurrеnсу theft іn hіѕtоrу, as mеаѕurеd аt USD vаluе. Tоdау, however, thеѕе tоkеnѕ аrе worth оnlу $225 million аt market prices.


However, Coincheck іѕ compensating uѕеrѕ аt 88.549 JPY per tоkеn (~$0.83) — nearly double thе present exchange rаtе — for a tоtаl payout оf аррrоxіmаtеlу $415 mіllіоn. Prеѕumаblу, mоѕt uѕеrѕ wіll uѕе thеіr refunds tо рurсhаѕе NEM tоkеnѕ, аnd — given thе disparity bеtwееn the refund price аnd market рrісе — іt іѕ likely that mаnу will іnсrеаѕе their hоldіngѕ оvеr what thеу had bеfоrе thе hack.


Indeed, this appears to bе thе case, as Zаіf’ѕ XEM/JPY раіr ассоuntѕ for mоrе thаn оnе-fоurth оf NEM’s global trading volume.


NEM trаdіng volume rаrеlу есlірѕеѕ $100 million, so іt іѕ quite соnсеіvаblе that the Cоіnсhесk рауоut соuld place ѕіgnіfісаnt upward рrеѕѕurе оn thе NEM price — іf investors соntіnuе tо іnjесt those fundѕ bасk into XEM mаrkеtѕ, that іѕ.

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Altcoin News

It’s Official: Circle Adds EOS, Stellar, 0x and Qtum To Its Asset List

In the latest cryptocurrency news, the crypto giant Circle announced the addition of four new digital assets (altcoins) into the Circle Invest platform. With this, it brought the total number of listed cryptocurrencies to 11.As Circle officially announced in a blog post, the new additions include EOS, Stellar, 0x and Qtum, On top of this, the giant revealed that the four assets can be purchased through the Circle Invest platform either in an individual way or as part of a basket through the "Buy the Market" retail portfolio investment feature.According to the blog post, the four crypto assets are chosen for listing based on their suitability which was determined by the Circle Asset Framework. Each asset will be evaluated based on its own strengths, and under no circumstances are any fees to aid listing. This will help to ensure the integrity of the process and gives its customers confidence that only the best assets are listed on the Circle platform.While many are asking themselves why these altcoins were specifically chosen for the listing, the blog post mentiones that EOS promises to improve on the Ethereum framework, Stellar offers a low cost and high-speed payments solution, 0x creates a peer-to-peer crypto trading framework while Qtum offers users the best of both Bitcoin and Ethereum.The four new assets follow the previous addition of two altcoins, Zcash and Monero, which Circle listed in May this year. 
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Altcoin News

What Made The Price Of Ripple (XRP) To Rise Up To 100% In A Week?

Ripple was in almost every post in past week's crypto news, mostly because of its meteoric rise which pushed the cryptocurrency up 100% in only a week. The supernormal rally even put Ripple to the second position, overcoming Ethereum and its silver spot for a matter of hours.If we take in the numbers between the minimum and maximum price of Ripple, the difference is around $19.8 billion - showing that Ripple surged by 184% before the price got corrected. However, the market cap of Ripple went above the market cap of Ethereum and XRP was for a short time the new silver to Bitcoin's gold.However, the main question that everyone has right now is the following...How the altcoin Ripple (XRP) managed to double its price in less than a week?The first factor is obviously the launch of the xRapid solution, which came after long anticipation and was meant for a commercial launch as soon as next month. The payment service allows financial institutions to use the XRP tokens for conducting cross-border transactions.The second factor was the announcement from Coil and PNC. According to it, XRP has linked with the biggest names in the online world such as Wikipedia, Twitch, YouTube and other, with an aim to reward their users directly in XRP.The final factor, according to us, was the fear of missing out (FOMO) which catapulted Ripple's price - solely because everyone believed that 'now is the right time to invest in XRP'. This is what finalized the bullish transformation and pushed Ripple up. 
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Altcoin News

Bitcoin (BTC) Price Moves Closer To $7,000, Stellar (XLM) With A New Meteoric Rise

In the Sunday edition of our cryptocurrency expert analysis right here on DC Forecasts, we are seeing a lot of green on the crypto market, which is perfect considering the negative movement last week.Today, the altcoin which is in the spotlight is Stellar (XLM), which skyrocketed by 25% and reached a price of $0.297, securing the fifth position on the largest cryptocurrencies by market cap.Bitcoin, on the other hand, has established a short-term bullish trend for its continuous, yet slow rise over the past few days. The biggest cryptocurrency by market cap is now trading at $6,757 with no signs of stopping the slow-yet-bullish momentum.Among other altcoins which surged over the past few days are Ethereum, Ripple, Bitcoin Cash, Litecoin and Cardano - all of which rising in terms of their value.From the $6,110 support area which was initiated last week, Bitcoin is now with around $700 in the green, trading higher and breaking new margins every new day. However, a change of this scenario is still realistic, considering the low market volatility over the past month. 
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Altcoin News

Wikipedia, Twitch And YouTube Now Award Ripple (XRP) To Their Content Creators

There has never been a better time to be alive for content creators. In the latest news, we have such creators all around the Web, and apparently the latest cryptocurrency news also goes in their favor.From now on, content creators will be able to accept payments in Ripple (XRP), which is one of the 'top 5' altcoins. This decision has been made after Coil, which is the brainchild of the former CTO of Ripple Labs, Stefan Thomas, has launched the beta version of his browser extension app of the same name which allows users to tip content creators with XRP tokens.In fact, the concept of this transferring and token award system is arguably borrowed from Changetip, which is a now-defunct Bitcoin tipping app. With it, Coil has somewhat established its advancement by becoming an alternative to today's web full of ads.According to Thomas:
“For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web. Others have created subscription services that bundle content. But micropayments and subscriptions have always been built as closed systems, which fail to capture the huge variety of content on the web.”
Coil is also the first when it comes to paying out websites using Web Monetization, which is an Interledger-powered standard that enables browsers to pay websites. In that manner, Coil will now be compatible with some of the greatest online platforms such as YouTube, Wikipedia, Twitch, Internet Archive and Beat, with many other names to follow in the future.
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