Crypto surge underway? CoinMarketCap shows sea of green

By: Gerelyn Terzo
Gerelyn Terzo
I have over 5 years experience in blockchain technology. I dive into new blockchain technology and report upcoming ICOs. read more.
on Aug 1, 2018

Bitcoin (BTC), which has had a bad week after enjoying a bullish run for most of July (which saw the world’s number one cryptocurrency go from roughly $6,000 a pop to more than $9,000 before dropping back below $8,000), looks lively once again.

One BTC is currently trading at $7,669.04 per coin, up just under two percent in 24 hours.

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Other success stories include Stellar Lumens (XLM) which surged a whopping 40% during the course of July, attracting the attention of Coinbase, the US cryptocurrency exchange.

At time of writing, the majority of coins in CoinMarketCap’s top 100 cryptos (ranked by market cap) are showing as green, meaning they’ve enjoyed positive movements during the last 24 hours.

See below for the top ten, at time of writing, curtesy of CoinMarketCap:

As you can see, all the top ten are in the green, so to speak; this is a stark contrast to earlier on this week when the top hundred was a sea of red with only one or two glimmers of green.

Without wanting to speak too soon, this kind of market-wide movement suggests we may be on the cusp of another rally which would, at this point, be well overdue.

Monero (XMR) stands out

Monero (XMR), currently ranked 12th stands out at first glance, having soared more than seven percent in just 24 hours.

At time of writing, one XMR token is fetching, on average, $129.94, up 7.52% in 24 hours.

Monero XMR

Monero is an open-source cryptocurrency created in April 2014 that focuses on fungibility and decentralization.

In its own words:

“Monero is cash for a connected world. It’s fast, private, and secure.

With Monero, you are your own bank.

You can spend safely, knowing that others cannot see your balances or track your activity.”

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