Market Update 2.17.19 – tZERO Goes Live, Token Price Down

| Publish date: 02/17/2019

Market News

tZERO Goes Live, Token Price Down

tZERO has finally gone live. But despite its launch, it is reportedly off to a slow start. According to the official report, the activity so far has been light, with daily volumes fluctuating between 7,000 and 23,000 units. And this is on the platform’s very own tZERO Preferred token called TZDROP. The latter is said to be the only listed asset for the time being.

Despite the current status, the firm is confident that things will eventually turn around. After all, it is merely a tiny fraction of what was the 26 million TZDROP issued following the $134 million security token offering or STO. In a sense, it is interesting to see how things are going to turn out.

Read the full report here.

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Introducing RMI’s Token Sovereign

Sometime in January this year, the Republic of the Marshall Islands introduced the team behind its national cryptoccurency. The token, in particular, is called Sovereign (SOV). Interestingly, the coin is still being actively developed, and this is possible despite the previous disagreements among many government officials.

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As of this writing, the Marshal Islands is using the U.S. dollar as its official currency. Once the SOV is issued, the cryptocurrency will be able to circulate alongside the said dollar.

Read the full report here.

Crypto Users Affected By Data Breach

The Israel-based cryptocurrency brokerage called Coinmama has confirmed a recent data breach. Unfortunately, it affected more or less 450,000 of its overall users. The incident was made official via an official statement released recently.

The breach, in particular, is said to be part of a colossal, multi-platform exploit. It turns out that it was able to affect at least 24 companies and a rough estimate of 747 million records. This would include sites involved in streaming, gaming, and travel booking, among many others.

Read the full report here.

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Total Market Cap: February 17

The digital currency market’s trade volume, as far as the 24-hour mark is concerned, reached a figure of around $18.51 billion. But when it attained the glare of publicity of its market’s capitalization, it was successful in reaching at least $121.53 billion.

Bitcoin Price Analysis: February 17

Bitcoin, which is without a doubt the world’s most prevalent digital asset, got a trade jump of 0.13% and a price of $3,644.06. If one is to talk about the crypto’s trade volume aspect, it impressed a figure of $6.03 billion. But when highlighting the highly anticipated market hit, it succeeded in throwing a figure of $63.93 billion.

Ethereum Price Analysis: February 17

In the past 24 hours, Ethereum’s price had a jump in its trade to 1.05% and, therefore, it dealt at about $124.54. Now, as for the crypto’s  trade volume, the official report suggests it was playing around $2.91 billion and its capitalization at $13.06 billion.

State of the Top 10 Cryptocurrencies: February 17

Following the 24 hours scope, most of the prices the top 10 most leading digital currencies jumped (though some were unable to join the race). Meanwhile, Bitcoin Coin continued to take the 10th place away from the crypto named Bitcoin SV.

  • Bitcoin’s market price was efficacious in jumping to 0.13% leading to a market price of $3,644.06. Plus, the market value was able to put up a considerable figure of $63.93 billion.
  • Ethereum’s market price jumped to about 1.05%, resulting to its price of a minor boost to $124.54. Meanwhile, its value when talking about it in the market only grasped $13.06 billion.
  • XRP’s market price was unsuccessful in obtaining a price jump, resulting to a 0.32% fall and $0.301920 price. The same thing can be said for its market value, which was around $12.44 billion only.
  • Litecoin displayed an incredible market price jump of about 0.16%, facilitating a price range of $43.84 and a market value of around $2.65 billion.
  • EOS’ market price, in particular, was fruitful in jumping, thus it reached 0.70%, resulting to a price number of $2.84. When speaking of its value in the market, the token was said to be successful in hitting $2.57 billion.
  • Bitcoin Cash was not victorious in bringing its market price to a great figure, thus accumulating $122.50 only, which has been made possible courtesy of its percentage fall of 0.39%. As for its market value, the altcoin registered at $2.16 billion.
  • Tether followed the list after experiencing a price fell of 0.32% to $1.00. But as for its value in the market, it only managed to hit a figure of $2.02 billion.
  • TRON is an exception, as it skyrocketed to a price mark of $0.023959, with a substantial trade jump of 0.36%. In addition to the said information, its market value was not able to reach greater heights; hence, it ended around $1.60 billion.
  • Stellar’s market price plummeted to 0.66%, reaching a price of $0.078164 and a market value of about $1.50 billion.
  • Binance Coin has once again claimed the 10th spot from Bitcoin SV. This was the case even after a trade fall of 2.15% to $9.02. As for the atlcoin’s market value, it was capable enough to hit a figure of $1.27.

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