Top 10 cryptocurrency price analysis

This regular column looks at the values of the top 10 cryptocurrencies and tracks the rises and falls over a day, a week and a month. We think looking at the values cryptocurrency over time will add to our understanding of blockchain technology and cryptocurrencies.

We take the top 10 from our regular monthly analysis piece “Top 10 cryptocurrencies” which analyses and tracks the largest currencies by market capitalisation.

As well as this column, you will see the prices detailed below distributed via our Twitter and Instagram account. This article and associated social media content is not recommending specific currencies, trading platforms or whether you should invest in cryptocurrencies.

Movers and shakers: 28th June 2018

It’s red across the board today. So red it couldn’t be any more red. 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$ 6,109.20

·         One day down 0.45%

·         One week down 0.71%

·         One month down 18.45%

All price movements 13.52am 28th June 2018 Bitfinex exchange via Investing.com.

About Bitcoin

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 : ETH/US$ 438.50

·         One day down 0.77%

·         One week down 7.57%

·         One month down 24.20%

All price movements 13.54 28th June 2018 Bitfinex exchange via Investing.com.

About Ethereum

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$ 0.4599

·         One day down 2.80%

·         One week down 5.90%

·         One month down 24.73%

All price movements 13.54 28th June 2018 Bitfinex exchange via Investing.com.

About Ripple

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$ 700.32

·         One day down 1.83%

·         One week down 8.07%

·         One month down 29.82%

All price movements 13.56 28th 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$ 7.90

·         One day down 1.63%,

·         One week down 6.09%

·         One month down 35.69%

All price movements 13.58 28th June 2018 Bitfinex exchange via Investing.com.

About EOS

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.

Litecoin: LTC/US$ 78.75  

·         One day down 2.39%

·         One week down 4.39%

·         One month down 33.47%

All price movements 13.59 28th June 2018 Bitfinex exchange via Investing.com.

About Litecoin

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.

Cardano: ADA/US$ 0.1252

·         One day down 1.85%

·         One week down 8.73%

·         One month down 43.94%

All price movements 14.02 28th June 2018 Bitfinex exchange via Investing.com.

About Cardano

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.

Stellar: XLM/US$ 0.1907

·         One day down 0.26%

·         One week down 5.27%

·         One month down 35.63%

All price movements 14.06 28th June 2018 OKEx exchange via Investing.com.

About Stellar

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.

IOTA: IOTA/US$ 0.9721

·         One day down 1.55%

·         One week down 6.28%

·         One month down 44.62%

All price movements 14.13 28th June 2018 Bitfinex exchange via Investing.com.

About IOTA

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.

TRON: TRX/US$ 0.0388

·         One day down 0.51%

·         One week down 11.42%

·         One month down 35.33%

All price movements 14.15 28th 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.