Cryptocurrency Prices for the 10th of July: Red Zone and the Fall of EOS

cryptocurrency prices shark

According to the online platform Coin360, Bitcoin (BTC) lost 1.96% over the past 24 hours. The price at the time of writing is $6638 per coin.

crypto price

Cryptocurrencies, for the most part, are falling in price:

Bitcoin Cash lost 3.79% over the past day and is worth $721.5

Ripple decreased by 3.03% and costs $0.45;

EOS lost 11% and is $7.67 in price;

Litecoin fell by 5.15% and its value is $77.8;

Cardano decreased by 7.76% and the price is $0.13 per coin;

Dash lost 7.44% – its price is $223.6

Ethereum fell in price by 5.19% in the last 24 hours. Its current cost is $459.9 per coin.

The total market capitalization is $259 billion. Bitcoin accounts for 43.4% of the total volume. It is $112 billion in monetary terms.

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Bitcoin and Ethereum Price Analysis Today on the 18th of September: Cryptocurrencies Collapsed Again

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcоin (BTC) lost 3.07% in the past 24 hours. The price at the time of writing is $6286 per coin.


Source: https://coin360.io/

In the past 24 hours Bitcoin reached the highest mark for the day at $6452, later it fell drastically to $6338 and then fell to $6257 per coin. At the time of writing BTC added about $30.


Source: https://coinmarketcap.com/

In this time interval, we can observe a downtrend.

The remaining cryptocurrencies fell into the deep red zone:

Bitcoin Cash lost 7.23% over the past day and costs $414 per coin;

Ripple dropped by 2.50% and is worth $0.27;

EOS fell by 9.17%, and its price is $4.86;

Litecoin lost 7.79% and its value is $51;

Cardano fell by 7.69% and is worth $0.063;

Stellar decreased by 3.51% and costs $0.19;

IOTA lost 6.01%, and its value is $0.53;

Dash lost 6.58%, and its price is $182;

Monero became cheaper by 7.89% and is worth $107.

Ethereum reached the highest mark of $221 in the past 24 hours. A few hours later, ETH dropped to $195. At the time of writing, the price of the coin is $197.


Source: https://coinmarketcap.com/

The total market capitalization dropped to $192 billion. Bitcoin accounts for 56.3% of the total volume. In monetary terms, this is $108 billion.

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Price Analysis for Bitcoin/Ethereum today, the 17th of September: Cryptocurrencies Are Stable

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcоin (BTC) lost 0.14% in the past 24 hours. The price at the time of writing is $6482 per coin.

According to the trading portal CoinMarketCap, Bitcoin reached the highest mark for the past 24 hours per day at $6540 per coin. A little later, the cryptocurrency fell by $15, and then dropped to $6482.

This movement can be characterized as an upward correction from the previous downtrend.

Cryptocurrencies returned to the green zone and are relatively stable:

Bitcoin Cash added 1.65% over the past day and costs $446 per coin;

Ripple added 0.15% and has a price of $0.27;

EOS lost 0.40%, and its price is $5.33;

Litecoin lost 0.53%, and its cost is $55;

Cardano added 1.03% and is worth $0.068;

Stellar grew by 1.36% and is $0.20 in price;

IOTA added 0.16%, and its value is $0.57;

Dash increased by 4.37%, and its price is $195;

Monero lost 0.73% and is worth $115.

In the past 24 hours Ethereum reached the highest level of $224 and at the time of writing dropped to $216.

Total market capitalization dropped to $202 billion. Bitcoin accounts for 55.4% of the total. In monetary terms, this is $112 billion.

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Memes about Bitcoin, Cryptocurrency, Mining and ICO

Internet memes is quite contradictory but still culture, a unique cultural phenomenon that appeared in the world where everything goes online. In different countries, regions and language communities memes appeared quite a long time ago. When cryptocurrency emerged and developed memes penetrated even this field.

Today, The Coin Shark will make a review of cryptocurrency memes and we will show how the modern online-culture reacted to the boom about Bitcoin, cryptocurrency, mining and ICO.

Content:
(please, click the topic to scroll down to it)

  1. Small history insight
  2. Memes about Bitcoin
  3. Cryptocurrency memes
  4. Mining memes
  5. Memes about ICO
  6. Conclusion

1. Small history insight

Internet meme is a phenomenon of online space. Both these phenomena possibly emerged at the same time. When the world wide web enlaced the whole globe with its net, and people in different parts of the planet got an opportunity to communicate and exchange information as easy as if they were sitting at the same table, memes emerged and developed mostly at internet platforms for different discussions. New online tools allowed for fast data exchange, so any cute meme could become popular almost immediately and the speed of its spreading was huge. Memes were spread via internet platforms, video hosting services, social networks, etc. Those were interesting and funny pictures, videos, gif-images, melodies, separate words, phrases, etc. Internet community answered with memes to all the world trends in all spheres of life, like policy, sport, technology, culture. It is difficult to identify which memes appeared in the first place, but one of the first memes are absolutely lolcat (pictures of cats with funny captions), O RLY?, facts about Chuck Norris, Pepe the Frog and many other memes.

2. Memes about Bitcoin

Hype that we have seen around bitcoin was probably even bigger than hype around the latest president elections in the USA and remained a hot topic even longer. Today, people talk less about the digital gold and its rate is way less appealing, especially for those who have purchased BTC for $10 or $15 thousand not very long time ago. However, the rapid increase of bitcoin rate in 2017 inspired hundreds and thousands of memes. Bitcoin had been demonstrating sustainable growth already in 2016, but 2017 appeared to be its “golden age”. The cryptocurrency started with around $890 per coin and finished the year having reached $19,000 and more. So, the majority of BTC-related memes were about the growth of cryptocurrency’s rate, its volatility, bitcoin geeks, those guys who did not buy bitcoin several month ago, and those who bought it.

meme 1

meme 2

And that is how it really used to be back to the times of sustainable bitcoin rate growth in 2017. One could hold the coins for a week or so and gain a double profit or even more!

Here is another popular bitcoin meme, similar to all those stories in movies when people travel in time to purchase winning lottery tickets or to make winning bets.  

This meme reflects exchange trading strategy when traders buy currency while its rate is low, then hold it and sell at the higher price later.

meme 4

And finally, a meme about bitcoin’s volatility.

meme 5

3. Cryptocurrency memes

Many people still think cryptocurrency is a new financial and information tool, however, it has actually been more than 10 years since bitcoin was launched. The cryptocurrency market with all its infrastructure started emerging in 2013-2014. Since the beginning of 2018 we’ve been observing a significant recession – currently bitcoin costs less than $6,5 thousand and Ethereum is less than $200, while it started with more than $1000 in January, 2018. Such a situation also inspired many memes, like:

meme 6

When talking about cryptocurrency, memes Dogecoin, of course, should not be left unmentioned. This cryptocurrency has a meme as its name and logo. And this meme is Doge – a picture of a Shiba Inu surrounded by multicolored text in Comic Sans font. The meme appeared in 2013 and became very popular. Dogecoin is a cryptocurrency based on the Litecoin blockchain. Today, it is a top-20th coin by market capitalization. However, it has an unlimited emission and currently Dogecoin circulating supply amounts to more than 100 billion coins. One Dogecoin is traded at around $0.006. Dogecoin is also famous for the charity activities of its community. For example, in 2014, the community managed to raise around $50 thousand for Jamaica national bobsleigh team to go to 2014 Winter Olympics. The team was qualified for the Games, but had no money to travel to Russia. Such a Doge.

meme 7

4. Mining memes

Cryptocurrency mining is a big industry. However, today, it has changed significantly and a wide range of people is no longer able to mine Bitcoins, Ethereum, Litecoin and other popular cryptocurrencies using their own hardware. Mining is actually about decoding of a hash algorithm to create a new block in blockchain and, as follows, a new coin. Back to the beginning of 2010s, it was possible to mine on one’s own laptop. Today, you will need expensive equipment, huge mining farms or at least connection to mining pool to mine cryptocurrency and gain profit out of it. So, here is a meme about CPU-mining that is currently no longer available for the majority of popular coins:

meme 8

Mining actually means computing. It requires a lot of power which is a problem for both individual and industrial miners. There is a “What if I told you”- meme featuring Morpheus from the Matrix about this.

5. Memes about ICO

Initial coin offering is similar to IPO, but is not regulated with all those strict provisions related to stock market. It enables startups to receive investments easily in exchange for digital tokens they issue. The very first ICO was held in 2013 by Mastercoin that managed to attract $5 million. Today, there are plenty of ICOs offering to invest in the development of payment services, cloud platforms, blockchain-based transport systems, content monetization tools, etc.  However, even though blockchain technology is rather secure, ICOs are often subject to fraud and are rather risky. 2016-2017 was the “Golden Age” of ICO campaigns. Back then many startups managed to get huge investments. At the same time many financial regulators were often not crypto-friendly and some jurisdictions (like China) banned ICOs at all.

Despite the fact that cryptocurrency crowdfunding seems to be rather attractive, many investors have not received what they expected. And it is not only about fraud and scam – hundreds of project were simply not successful.

6. Conclusion

Anyway, it is not really surprising that cryptocurrencies inspired such a huge variety of memes addressing a number of crypto-related topics. And it is obvious that there are more to come – more pictures, images, videos that reflect changes of the cryptocurrency market and other important crypto-events.

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Cryptocurrency Prices for the 15th of September: Cryptocurrency Is In The Green Zone Again

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Prices Today, September 15

According to the online platform Coin360, Bitcоin (BTC) has added 0.25% over the past 24 hours. The price at the time of writing is $6532 per coin.

Cryptocurrencies mostly demonstrate growth:

Bitcoin Cash lost 1.21% over the past day and costs $450 per coin;

Ripple added 0.51% and is at a price of $0.28;

EOS increased by 0.80% and its price is $5.32;

Litecoin raised by 6.75% and its value is $57;

Cardano plus 1.71% and costs $0.068;

Stellar lost 0.06% and is worth $0.20;

IOTA added 0.28% and its value is $0.58;

Dash raised by 1.18% and its price is $191;

Monero grew by 8.85% and is worth $122.

Ethereum has been showing steady growth over the past 24 hours. ETH added 3.58%. The cost of the coin is $217.

The total market capitalization is $202 billion. Bitcoin accounts for 55.6% of the total volume. In monetary terms, this is $112 billion.

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Billionaire Investor Mike Novogratz Said That the Market Had Finally Passed the “Bottom”

crypto price

The CEO and founder of Galaxy Digital Capital Management, Mike Novogratz, shared his opinion on his Twitter that crypto market finally reached the “bottom” and later there will no way down for it.

In his opinion, the attached chart from Bloomberg Galaxy Crypto Index shows that the market reached the point which it was at in the middle of November last year, just before the start of the record bullish trend and before the BTC price rise to its maximum of $20,000.

We want to remind you that Bloomberg and Galaxy Digital Capital Management launched a new cryptocurrency index in May this year.

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John McAfee Predicted the Bitcoin Price for 2020

mcafee

The crypto enthusiast John McAfee told in an interview about the future of Bitcoin’s price in the long term.

McAfee commented on the fall of Bitcoin from $7400 to $6400 in 3 days, he believes that this is the manipulation of the market:

“You can only manipulate something if you have the power to do so. Now if that thing becomes more valuable your power decreases, and the inherent value is many times the current price of Bitcoin. It just comes through always in every market situation. The people that are manipulating it, they are going to lose billions of dollars and then it’s going to be over.”

McAfee said that Bitcoin’s market is now in an “infantile state,” comparing it to a blade of grass susceptible to the wind or step. He also added that it will become “a fire raging in the forest” soon.

Finally, McAfee talked about the “mathematics” of the coin and made his own forecast of Bitcoin’s price for 2020:

“Why don’t we look at the last Bitcoin? We have thousands of people to mine one coin. What is that coin going to be worth? Maybe billions. Mathematics doesn’t lie. Say what you want, mathematics doesn’t lie. If it’s not a million dollars in 2020, it has to be. The end of 2020, December. That’s my prediction, I’m going to stand by it…it is the number 1 coin for processing transactions. Run the numbers.”

We want to remind you

John McAfee Is Partnering Up With Coinbene to Fight Corruption

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