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Key facts:
The market for cryptocurrencies is on the rise. Some altcoins record gains of almost 10%. The price of bitcoin earns an average of 13.6% in these seven days. Between the 2 and the 8 of may the market of the cryptocurrencies maintains constant growth. Except some exceptions, almost all cryptocurrencies are increasing in price. The altcoins grew to almost 10%. The main criptomoneda of the market, BTC continues to rise in the middle of the expectation generated by the halving, that will happen in the next few days. During this week, BTC went back to trading in the range of us $ 10,000, a value not reached since last February. Its value ranged between $ 8.839 the day may 2, and $ 9.985 at the time of this writing, according to the statistics of Live Coin Watch. The price of other cryptocurrencies of importance also is on the rise, although in lower percentages. Ether (ETH) wins on average to 1.48%, while ethereum classic (ETC) increased 10,25%, ranking in the top of the most appreciated. Meanwhile, litecoin (LTC) increases 1,47%, and XRP from Ripple grows by 0.86%. Between the cryptocurrencies with greater appreciation in these seven days are bitcoin (BTC), ethereum classic (ETC) and IOTA (MIOTA). Dogecoin (DOGE) and siacoin (SC) rounded out the top 5 cryptocurrencies that more grew in value by.
Bitcoin
The first place among the cryptocurrencies with a greater increase in the price corresponds to bitcoin (BTC), the main criptomoneda by market capitalization. Since a few weeks the value of BTC comes in frank ascent, after the strong fall registered on 12 march, in what was called “black Thursday”. The average progress was 13.6%. The hike was made more prominent from the 7th day of may, increasing significantly in the last few hours. The minimum value was presented on the 5th of may, when BTC was trading at USD 8.610. Later the price goes back up gradually with slight corrections. The bias to the upside remains in these last few hours, with a feed rate of 1.37% in 24 hours. At the time of writing this report, the capitalization is USD 183.003 million, while the volume of daily trading is $ 17.601 million. The proximity of the third halving would be focusing on the rise of bitcoin, whose emission will increase from 12,5 BTC to 6.25 BTC per block mined between the 12th and 13th of may next, representing a cut of 50% on the incentives that miners receive, check and record transactions in the network. In this regard, CoinShares did some research of the 5 most accepted theories today on the possible outcomes of the halving. It is expected to affect positively the price of bitcoin in the medium or long term. Source: Live Coin Watch
Ethereum Classic
Ethereum classic (ETC.) recorded a growth of 9.2% this week to settle in the second place among the cryptocurrencies most appreciated of the week. The criptomoneda passed quoted in USD 6,64 at the start of the week to be worth USD 7,23 at the time of drafting of this note. The forward price is observed since the 2nd of may, reaching a peak of USD 7,54 on the same day. After that date, recorded a drop, whose descent is accented on the 4th of may, reaching a minimum of USD 6,77. Then go back up and the following days ranges from slight ups and downs. The market capitalization is USD 836 million and the trade in the last 24 hours is $ 1.208 million. In a message posted on Twitter this 4th of may, Ethereum Classic made known to the miners that confirmed their support to the next update of the network, identified as a Phoenix. According to reports, these miners represent a minimum of 68% of the rate of hash in ETC. The update of the red Phoenix will take place on 3 June this year in the block 10.500.839. Source: Live Coin Watch
IOTA
The main objective of the network of IOTA is to facilitate the execution of transactions within the digital economy of the Internet of things (IoT, or Internet of Things). Based on a book distributed, called Tangle, the criptomoneda of this network is to MIOTA. In these seven days the token was a growth of 7,76%, cotizándose to $ 0,194 at the close of this report. Following a peak of USD 0,194 may 2, the criptoactivo down to 0,175 dollars on the 4th of the same month. Then began to rise again until it reaches USD is 0.189 day 6, with slight corrections the days before and after. Reaches a peak this may 8, reaching a maximum of us $ 0,197. The capitalization of IOTA is USD 543,6 million, with a trade volume of USD 7.8 million in the last 24 hours. According to what you read in your corporate blog, the developers currently working on the implementation of IOTA Smart Contracts. An ongoing effort of the Foundation IOTA in order to automate the contractual obligations in the chain of blocks. “In comparison with their counterparts of the blockchain, the contract smart IOTA have many benefits, thanks to the properties of scalability, high performance, and transactions without commissions Tangle,” says the Foundation in your writing. Source: Live Coin Watch
Dogecoin
Dogecoin is located between the cryptocurrencies more valued for the second week in a row. In the past seven days, its price experienced a growth of approximately 5,27%. The criptomoneda, based on the popular Internet meme “doge”, began to climb steadily in the seven days since may 2, going from USD 0,00248 to USD 0,00262 for this 8 of may. The growth was known from the 4th of may, reaching a peak of USD 0,00266 the 7 of may. The market capitalization is USD 317 million, with a daily volume of USD 110,9 million. There is No clear information to explain the progress of DOGE on the market, but the followers of the criptomoneda celebrate the advancement of the price. The number of transactions with DOGE coming in increased from 20 February last, when we recorded about 25,000 transactions daily. That number grew to more than 30,000 transactions daily from the 12th of April, reaching 43.974 transactions for this may 7th. This figure represents an increase of 75%. Source: Live Coin Watch
Siacoin
The token siacoin (SC) is again in the top, this time in the fifth position. Started the week with a price of USD 0,002204, then, remained more or less stable in the range of USD 0,0020 upward trend. As of may 3, starts to decrease gradually and reached USD 0,001966 the 4 of may. Days after it recovers and reaches USD 0,002392. The value in the last hours reached USD 0,002261 this 8 of may. The growth was 2.96%, while the market capitalization came to $ 94,2 million and the volume of trade in the last 24 hours was about USD 1.2 million. Between the ads related to the criptomoneda are the information on the “DeFi Skynet Hackathon Challenge” event held this week. In several Twitter messages are updated notes from the competition through the which is awarded a prize of 500,000 SC (about USD 700) to two main projects that have the best integration of Skynet, platform decentralized exchange of files and CDN (content distribution network) for developers. Source: Live Coin Watch