As the crypto markets slide into June 2018, let’s take a look at the current state of crypto assets across the board. Here are a few key stats that you’ll surely find interesting and will also give you a quick insight into what’s been going on in the exciting world of cryptocurrencies over the past month.
The overall market cap stands at $335,905,464,723 with bitcoin experiencing a bit of a dip and other top currencies like Ethereum, Ripple and my personal favourite, Neo, following suit. 24h Trading Volume is a healthy $16,009,814,445 while BTC dominance is at 37.9%.
A massive recent development in the crypto space has been the launch of the Huobi 10 Index and the HB10 ETF. This newly-launched ETF product from Huobi aims to revolutionise the crypt asset space by tracking 10 different digital assets traded against tether (USDT) on its platform in real time. This will allow the HB10 to “reflect the overall performance of Huobi Pro market," enabling investors to get an aggregated feed rather than having to check on individual assets one at a time. HB10 includes Bitcoin (25.96%), Huobi Token (25.57%), EOS (15.57%), Ethereum (12.30%), Bitcoin Cash (5.55%), XRP (4.30%), LTC (3.31%), IOST (3.02%), Ethereum Classic (2.57%), Dash (1.82%).
TRON and EOS Main Net Launches:
Other major developments from the world of crypto this past week include the TRON and EOS main net launches. Both these crypto assets saw their communities waiting in anticipation as they shifted from ERC-20 to their respective main net versions.
Many EOS and TRON token holders seemed confused as to what the process would be and the shift to main net had everyone in a tizzy. Huobi, however, announced that these tokens mainnet launches would be supported on Huobi Pro, so token holders on the exchange had nothing to worry about. In addition to a seamless conversion from ERC-20 to main net, the tokens were also freely tradeable, allowing users a greater degree of flexibility and freedom in their decision-making process.
TRON Price Action:
After having successfully launched its main net on 31st May, Tron’s blockchain will no longer be dependent on Ethereum’s network. Anticipation of this move saw a price increase in TRX of about 11% prior to main net launch. However, this exuberance was short-lived and the price dropped by ~4.5% in the 24 hours post main net launch and about 14% in the following days. Currently TRX is trading at $0.059 USD with a market cap of $3,908,718,662 and 24-hour trading volume of $207,846,000 USD.
EOS Price Action:
Although the EOS main net launched was mired in controversy, it was also very well received by markets. Prices spiked shortly after the launched from about $12 to as much as $15.44. In the past few days the rally seems to have settled and EOS is currently trading at $13.94 USD with a market cap of $12,496,535,823 USD and a 24-hour trading volume of $1,293,640,000 USD. EOS was also one of the highest traded crypto assets following main net launch.
Sign up to Huobi Pro here for a seamless trading experience:
https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523Huobi Talk Episode 33 - Learn from the Best, And a Big Airdrop
Tune into this week’s Huobi Talk which will feature special guests from the Huobi Academy of Blockchain Application - Mr Guo Dazhi, Chief Research Fellow and Mr Zhaofei Ding, Researcher, who will share insights on the top picks for crypto assets this month, special tips and great insights. They will also discuss and share a few key project developments and talk about overall trading volumes in the crypto space. This is surely going to be an informative session with tons of knowledge to be shared by these top crypto researchers.
Catch them on YouTube for the next live streaming at 12pm (GMT+8) on 7 June, Thursday:
https://www.youtube.com/c/HuobiPro/liveWhat’s even more special is that there’s an airdrop prizepool of 1182 ONT worth over 9000 USD to be shared amongst everyone who tunes in and follows the instructions during the livestream session. This is one episode you don’t want to miss out on.
