Bitcoin price dropped, 2018 cryptocurrency is hard to recover?
The cryptocurrency has gone through a frantic 2017 and basically spent the first half of 2018 in a tragic fall. So far, the total market value of the cryptocurrency market ($306.3 billion) has been reduced by half compared to the record high of the beginning of the year ($830 billion). What’s “surprise” will cryptocurrency market give to us in the following months?
2018 cryptocurrency difficult to rise again?
Last year, the cryptocurrency market did not involve institutional investors and the market was handed over to a group of retail investors. Without short-selling trading tools, investors who are bullish on Bitcoin have pushed prices up all the way and investors who are bearish on Bitcoin cannot participate. This unbalanced phenomenon led to the bull market of cryptocurrency by the end of 2017.
With more and more uncertain and even negative factors appearing in the value equations, by the end of 2018, the cryptocurrency market was likely to “dismal”. Then we take a look at the performance of some cryptocurrencies in the market today:
1, Capricoin
Capricoin was jointly developed by a group of European and American technology companies. Cape Currency aims to become a mainstream cryptocurrency. This is a new generation of cryptocurrency with the latest available technologies; it uses advanced encryption technology based on a global peer-to-peer network to ensure its confidentiality. Capricoin Currency aims to establish a global real-time payment network so that anyone in the world can experience truly zero-cost transactions. Unlike many other cryptocurrencies, Capricoin can quickly confirm transactions and can handle business-level transaction volumes. Capricoin currency membership is distributed by the user’s network. In order to prevent inflation, Capricoin implement a limited supply of money. Once mined, there will be at most 210 million Capricoin currencies.
Capricoin (currency: CPC ) on today June 1st, trading down 0.93%, Capricoin price is about $0.78, has a market cap of $1,562,052 USD, its 24 hours trading volume is about $32,657 USD.
2, DOVU
The DOVU protocol allows data owners (individuals, organizations, IoT devices — any data source) to control access to shared data and obtain DOVU tokens in return for using that data. These tokens are then feed back to the ecosystem by moving traffic-related transactions, such as offsetting the cost of using the car, refueling the car, paying flight expenses, or taking a bus. The DOVU Agreement promotes and encourages the development of an unlimited number of distributed applications related to mobile traffic. Ethereum-based DOVu tokens are used when trading with these distributed applications. Using DOVU’s circular economy can create previously impossible mobile services, which makes the potential of distributed applications built through the DOVU platform unlimited.
DOVU price today is about $0.094 trading down 2.71%. DOVU has a market cap of $7,004,702 USD, its 24 hours trading volume is about $7,770 USD.
3, Innova
Innova is a decentralized cryptocurrency, secure digital currency operated by user networks, using masternodes full nodes, just like in bitcoin networks, they provide a network service and require collateral to participate. When the masternode is running, the collateral can never be confiscated and it is safe. This allows investors to provide services for the network, earn investment interest, and reduce currency fluctuations.
Innova price is about $0.37 and today has a good performance that its price rise 6.43%. Innova has a market cap of $1,247,820 USD, its 24 hours trading volume is about $6,977 USD.
4, Bolivarcoin
Bolivarcoin abbreviated as BOLI, boli is a virtual currency created by satoshisimon bolivarmoto from Venezuela. Our goal is to create a credible cryptocurrency supported by Venezuelan citizens and natural resources in Venezuela. The philosophy of bolivarcoin is to follow the ideas developed by others and to promote its merits and uses by creating social media campaigns. Bolivarcoin price today is about $0.015, trading down 6.97%, Bolivarcoin has a market cap of $157,404 USD, its 24 hours trading volume is about $306 USD.
5, EOS
EOS is so popular that many people know, while in these 2 days, the high-risk loopholes in EOS that caused a lot of buzz have triggered the anxiety and people in the digital currency market.
Qihoo 360, the giant in the traditional Internet security field, has become a red-hot blockchain industry by relying solely on a high-risk vulnerability warning. Although EOS founder BM pointed out that it was a premeditated manufacturing panic, Block.one eventually launched the EOSIO vulnerabilities program with HackerOne security platform, which indirectly instilled hope and vitality for the EOS chain’s ecological construction. So what about EOS price today? Will it fall down due to this mater? Eos coin value is $12.22, trading down 1.05%, has a market cap of $10,924,800,330 USD.