Crypto markets still see mixed signals, however hold recent gains these days, July 6, according to information from Coin360. All but one of the highest 10 coins on CoinMarketCap are seeing only minor fluctuations over the past twenty four hours to press time.
Bitcoin (BTC) is challenging $6,600, trading at $ 6,650 at press time, up as regards to 1 % over the 24-hour time frame. The leading cryptocurrency holding gains created since june 30, solidly trading higher than the $6,300-6,400 resistance level, that market research firm Fundstrat’s robert Sluymer says the coin needs to “rally through” to reverse its existing downtrend.
Leading altcoin Ethereum (ETH) is up over 2 % over the past 24 hours, trading at $470 at press time. ETH is also holding gains created throughout the market uptick june thirty, that saw the coin rise up from close to $400.
Total market capitalization of all cryptocurrencies is at about $269 billion at press time, up from its intraday low these days of $261 billion, but down from yesterday’s $273 billion.
Of the top twenty coins on CoinMarketCap, neo (NEO) and IOTA (MIOTA) have seen the biggest losses over the past twenty four hours.
NEO, which saw substantial growth of around 8 % yesterday, is back off about 7 % on the day and trading at $37.54. though down today, the coin has seen a whopping 33.5 % growth over the past week. July 4, the neo network reported that it was starting the decentralization of its Mainnet.
MIOTA is also down about 7 % on the day, trading at $1.06 at press time. The altcoin has also however seen growth this week, up around 17 % over the past seven days.
In terms of the highest gainers, Tezos (XTZ) has seen the most growth over the past 24 hours. The coin is up 9 % on the day, trading at $1.81 per coin. Cointelegraph recently reported on the story of the debatable project, that raised a then record-breaking $232 mln in its Initial Coin providing (ICO) and has since been the topic of multiple controversies.
Ethereum Classic (ETC) is also up notably, seeing 8 % growth on the day to press time and trading at $18.27.
Yesterday, July 5, Fundstrat’s Tom Lee reiterated his january prediction that Bitcoin might be value between $22,000 and $25,000 by the end of 2018, a calculation made based on the value of mining.
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