Part of that understanding is looking at the trends in the values of cryptocurrency. This regular column and cryptocurrency guide looks at the values of the top 10 cryptocurrencies and tracks the rises and falls over a day, a week and a month.
We take the top 10 from our regular monthly analysis piece “Top 10 cryptocurrencies” which looks at the largest currencies by market capitalisation.
As well as this column, you will see the prices detailed below distributed via our Twitter account and other social media. This article and associated social media content is not recommending specific currencies, trading platforms or whether or not you should invest in cryptocurrencies.
Movers and shakers: 15th June 2018
It’s red across the board today – every currency. We’ve listed each currency vs US Dollars (USD) and have used prices from the same exchange wherever possible (we’ve sourced each exchange). All price movements are from Investing.com.
Bitcoin : BTC/US$
- One day down 1.05%
- One week down 12.35%
- One month down 12.31%
All price movements 7.42am 15th June 2018 Bitfinex exchange via Investing.com.
In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.
Ethereum : TRX/US$
- One day down 2.39%
- One week down 14.53%
- One month down 12.17%
All price movements 7.44am 15th June 2018 Bitfinex exchange via Investing.com.
Ethereum was launched by Vitalik Buterin on 30th July 2015. He was a researcher and programmer working on Bitcoin Magazine and he initially wrote a white paper in 2013 describing Ethereum. Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy in to his proposal.
Ripple : XRP/US$
- One day down 1.74%
- One week down 16.66%
- One month down 10.42%
All price movements 7.45am 15th June 2018 Bitfinex exchange via Investing.com.
Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money.
Bitcoin Cash : BCH/US$
- One day down 2.41%
- One week down 19.70%
- One month down 12.34%
All price movements 7.47am 15th June 2018 Bitfinex exchange via Investing.com.
About Bitcoin Cash
Bitcoin Cash was born out of the idea of making Bitcoin more practical for small day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.
EOS : EOS/US$
- One day down 3.37%,
- One week down 23.38%
- One month down 11.26%
All price movements 7.48am 15th June 2018 Bitfinex exchange via Investing.com.
The EOSIO platform was developed by private company block.one and released as open source software on 2nd June 2018. One billion tokens are being distributed on the Ethereum blockchain by block.one. EOS is based on a white paper published in 2017 and the CEO of block.one (Brendan Blumer) announced it will be supported with over $1 billion.
- One day down 1.73%
- One week down 15.64%
- One month down 16.35%
All price movements 7.49am 15th June 2018 Bitfinex exchange via Investing.com.
Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It was a fork of Bitcoin with the main difference being a smaller block generation time, increased maximum number of coins and a different script-based algorithm.
- One day down 3.01%
- One week down 17.49%
- One month down 25.89%
All price movements 7.50am 15th June 2018 Bitfinex exchange via Investing.com.
Cardano claims to have tried to change the way cryptocurrencies are designed and developed, balancing the best of the functionality of several cryptocurrencies into one coin. The project began in 2015, the work of a global team of scientists and academics. ADA was released in September 2017.
- One day down 1.91%
- One week down 15.69%
- One month down 20.25%
All price movements 7.52am 15th June 2018 OKEx exchange via Investing.com.
Stellar was founded in 2014 by Jed McCaleb and Joyce Kim. At launch it was based on the Ripple protocol but the network eventually forked. Stellar is an open source protocol for exchanging money where servers use the internet to connect to and communicate with other Stellar servers, forming a global value exchange network.
- One day down 0.31%
- One week down 23.21%
- One month down 27.85%
All price movements 7.53am 15th June 2018 Bitfinex exchange via Investing.com.
The IOTA Foundation was incorporated in Germany as a non-profit corporation. The Foundation is “dedicated to building sustainable ecosystems around IOTA to accelerate its development and commercial adoption as an open source technology”. In November 2017, the Foundation had a US$100 million fund to promote IOTA use.
- One day down 1.11%
- One week down 21.52%
- One month down 25.83%
All price movements 7.56am 15th June 2018 OKEx exchange via Investing.com.
The Tron Protocol is pitched as “one of the largest blockchain-based operating systems in the world, offering scalable, high availability and high throughput support that underlies all the decentralised applications in the TRON ecosystem”. An ICO campaign took place in September 2017 and raised US$70 million.