The total cryptocurrency market has been on the decline for the last 90 days.
Source: CoinMarketCap
Many new investors flooded the market towards the end of last year, due to “FOMO” and as some investors began selling to make a profit, panic selling became the common theme these last few months. March was no different and the total market cap is currently sitting under the $300 billion mark, way down from its record high of well over $800 billion in early January.
We’re all hoping the uneducated investors start to do their research on the market and gain some thicker skin this year, as the upcoming major projects have just begun gaining some momentum to their roadmaps – such as Cardano, EOS, and Tron (available on Binance)
As the market is correcting itself again going into the afternoon, let’s look into the project’s seeing the most gains on the market today.
VeChain [VEN]
The reason for VeChain’s most recent price lift stems from the latest news that Bithumb would be listing VEN – VET on its exchange soon. Bithumb announced the statement on their website and it read:
“VeChain, which is listed after review by Bithumb Cryptocurrency Deliberative Committee, is valued as a service blockchain that can be combined with real life, and is the payment currency used in the VeChainBlockchain, which is already spurring development based on many partnerships.”
VEN jumped 25% in its price since the announcement. Six weeks ago, VeChain rebranded to VeChain Thor but the actual rebranding is set to take months.
At press time, VEN is trading at $2.65, up 16.69%, in 24 hours.
Steem
Steem the coin that runs the Steemit platform is leading today. At press time, STEEM is trading at $1.64 a coin, up 13.59%, in 24 hours.
Binance Coin runs on the Binance exchange, it is the coin that has the most price gains out of the top 20 cryptocurrencies in 2018. At press time, BNB is trading at $12.35, up 11.24%, in 24 hours.
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