Bitcoin (available on Coinbase) Cash (BCH), DASH, & VeChain (VEN) – This week has been extremely quiet. There haven’t been any big updates to any of the major blockchain projects. Months ago, the market’s volatility ran high as various countries began implementing various regulations to try and control cryptocurrency. Lately, however, the governments have remained fairly quiet since the latest G20 summit and the market has remained somewhat ‘consistent’ in response. At press time, the entire market cap is sitting just over $435 billion.
Let’s take a look at the coins that are leading the market this morning!
Bitcoin (available on Coinbase) Cash (BCH)
Today’s BCH run-up is in response to the upgrade that its network will go through in five days.
In 8 days, the Bitcoin (available on Coinbase) Cash (BCH) network will undergo a scheduled upgrade. This upgrade increases block size limit to 32MB, and re-enables old OP codes to bring scripting and smart-contract functionality back to Bitcoin (available on Coinbase). https://t.co/ONZ1IFXYDV pic.twitter.com/vkiQx0xTpV
— Bitcoin (available on Coinbase) (@Bitcoin (available on Coinbase)) May 7, 2018
Currently, Bitcoin (available on Coinbase) Cash remains as the fourth largest cryptocurrency by market cap.
At press time, BCH is trading at $1,651.05 a coin, up 5.24%, in 24 hours. For the week, BCH is up 10.8% and for the month, the coin is up 159%.
DASH
The DASH team has been fairly quiet as of late, as the coin currently sits as the 13th largest cryptocurrency by market cap. Earlier today, DASH’s latest partnership was announced and it gives DASH holders access to use their digital tokens at 36 million merchants worldwide.
DASH has just teamed up with Paycent, the subsidiary app of the texcent ecosystem. This app allows its users to now store crypto and use crypto. Both users and merchants can convert DASH to fiat instantly.
The COO of Paycent, Nitlin Gupta, commented on the partnership by saying:
“One of the reservations the average day person has with utilizing cryptocurrencies is transaction settlement times. No other digital asset can compete with Dash’s InstantSend transaction speed. Dash allows merchants the ability to receive payments instantly from customer, making Dash one of the first entries into real-life consumer payments making it no different as if you were to swipe a credit or debit card.”
The Paycent app is available on both the Android and Apple stores.
At press time, DASH is trading for $453.35 a coin, up 3.10%, in 24 hours.
VeChain (VEN)
Just this morning Bitfinex, a major cryptocurrency exchange, announced that VEN deposits have been enabled on their platform.
Deposits have been enabled for VeChain (VEN). https://t.co/1Mue8weNEG pic.twitter.com/rf94MEipxJ
— Bitfinex (@bitfinex) May 10, 2018
It remains unknown when trading will begin on the Bitfinex platform, but following the announcement, the coin jumped up in price in a fairly dominant red market.
At press time, VEN is trading at $5.35 a coin, up 6.56%. For the week, VEN is up 1.1%, but for the month, VEN is up 102.65%.
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