Recap of the Top Five Cryptos
Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of 1.36%. Out of the aforementioned five, Ethereum gave investors the best daily return; it was up 6.95%, which has its price now near $181.47 USD. On the flip side, the worst performer was Litecoin coming in at -2.88%; its price is now near $52.765312 USD. Three of the coins had up days, which is a mixed sign for the crypto sector.
Price Action to Watch
Yesterday was a fairly normal day for all of these cryptocurrencies, in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Technical traders may also wish to note the following developments in price action:
- This market is favouring the bears, as all of the major coins clearly been headed down over the past two weeks.
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Insights From Transaction Data
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 34% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. Ethereum was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $65,117,055 US dollars.
Article by SixJupiter
The post Ethereum Jumps Nearly 7% to Lead All of the Major Cryptos appeared first on Coin Insider.
source https://www.tokentalk.co/CoinInsider/ethereum-jumps-nearly-7-to-lead-all-of-the-major-cryptos-5d932ee1e6d37cbf4e6557bf
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