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Top weekly gainers: Litecoin [LTC] rides the bull and surges by 28%; Ethereum, XRP and Tron jump on the bandwagon

Namrata Shukla

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Top weekly gainers: Litecoin [LTC] rides the bull and surges by 28%; Ethereum, XRP and Tron jump on the bandwagon
Source: Pixabay

The cryptocurrency market is finally soaring after fighting the bear for the past few weeks after all the major coins, especially Litecoin managed to flip the downtrend and saw some significant gains.

The coins’ progress was traced from the beginning of the week till February 9, and the change in trend was visible in almost every major coin, giving them a freshed start. However, most coins have started to fall again, at the time of the press.

1. Litecoin [LTC]

Source: CoinMarketCap

Source: CoinMarketCap

As the week began, LTC recorded a market cap of $1.974 billion with a 24-hour trading volume of $814 million. However, as per the chart provided by CoinMarketCap, the coin fell mildly only to rise on February 8. The coin peaked on February 8 with a market cap of $2.6 billion and a 24-hour trading volume of $1.3 billion. This pump enabled the coin to rise in the CoinMarketCap list to the fourth position beating EOS and BCH.

At the time of press, the coin was still going strong as it records growth of 28.92% over the past day with a market cap of $2.6 billion and 24-hour trading volume of $1.8 billion. The coin pumped by 31.61% over the past week and is continuing its growth by 1.12% over the past hour. The coin was valued at $43.49 and recorded the highest trading volume of $139 million on DigiFinex via the trading pair LTC/BTC.

2. EOS

Source: CoinMarketCap

Source: CoinMarketCap

EOS was the second coin to record maximum growth this week as it surged by 14.92% over the past day. The week began on a lower end for EOS too as it recorded a market cap of $2 billion with a 24-hour trading volume of $603 million. The coin saw a minimal rise in its chart but not enough to keep it up at the fourth position. Even though the coin slipped from the fourth position to the fifth position, it posted the highest market cap of $2.4 billion on February 8, while all the coins were surging. The coin had a 24-hour trading volume of $1 billion.

The coin soared by 15.71% over the past week but is starting to fall by 0.08% over the past hour. EOS was highly traded on OKEx, reporting a volume of $115 million with EOS/USDT pair.

3. Ethereum [ETH]

Source: CoinMarketCap

Source: CoinMarketCap

Ethereum [ETH], the third largest coin on the CoinMarketCap, reported a market cap of $11 billion with a 24-hour trading volume of $2 billion as the week began. The coin gained momentum after a mini-slump by surging on February 8 and reported a market cap of $12.5 billion with a 24-hour trading volume of $3 billion.

At the time of press, the coin has risen by 12.49% over the past day and noted a market cap of $12.39 billion with a 24-hour trading volume of $3.6 billion. The coin grew by a whopping 9.98% over the week but has started to dip by 0.17% over the past hour. Ethereum was valued at $118.29 and registered the highest trading volume on OEX with a volume of $177 million on ETH/BTC pair.

4. Bitcoin Cash [BCH]

Source: CoinMarketCap

Source: CoinMarketCap

Bitcoin Cash [BCH] has been trying to regain its fourth position that it first lost to EOS, and now to Litecoin [LTC]. On February 2, BCH recorded a market cap of $2 billion with a 24-hour trading volume of $229 million. The coin had a sideways movement for a while after that and dipped on February 6. After the dip, the coin observed a pump on February 9 and peaked with a market cap of $2.3 billion and a trading volume of $375 million.

At the time of press, the coin was up by 10.74% over the past day and had recorded a market cap of $2.2 billion. The coin recorded a 24-hour trading volume of $390 million with a growth of 8.37% over the past week. The coin has started correcting itself by dipping by 0.23% over the past hour and is valued at $128.15.

5. Binance Coin [BNB]

Source: CoinMarketCap

Source: CoinMarketCap

Binance Coin made its entry into the top 10 cryptocurrencies of CoinMarketCap’s list recently and has proven its mettle by noting growth of 8.45% in the past day. However, as the week began the coin had a market cap of $854 million with a 24-hour trading volume of 53.7 million. The coin was at its peak on 8 February as it registered a market cap of $1.2 billion and a 24-hour trading volume of $190 million.

At the time of press, the coin was valued at $8.72 with a market cap of $1.2 billion. The coin reported a 24-hour trading volume of $105 million with a growth of over 31% over the past week. The coin has started to fall by 0.61% over the past hour. BNB was highly traded on its parent exchange Binance as it reported a trading volume of $44 million with BNB/USDT pair.

6. Stellar [XLM]

Source: CoinMarketCap

Source: CoinMarketCap

Stellar [XLM] has slipped down to the ninth position as it faced a massive fall. As the week began, the coin was performing better than most coins and registered a market cap of $1.5 billion with a 24-hour trading volume of $140 million on 2 February.

At the time of press, the coin was valued at $0.0804 with a market cap of $1.5 billion and 24-hour trading volume of $143 million. The coin reported a growth of 7.60% over the past day and has spiked by 3.21% over the past week. The coin was highly traded on ZB.COM with a volume of $29.4 million with XLM/USDT pair and is falling by 0.09% over the past hour.

7. Bitcoin [BTC]

Source: CoinMarketCap

Source: CoinMarketCap

Bitcoin has been seeing its longest bearish stretch and after long, has seen a significant rise. The coin registered a market cap of $60.8 billion with a 24-hour trading volume of $5 billion on February 2. The coin peaked only on February 8 with the overall rise in the market and reported a market cap of $64.7 billion with a trading volume of $6.6 billion.

At the time of press, BTC was valued at $3,653.39 with a market cap of $64 billion and noted a 24-hour trading volume of $7.9 billion. The coin registered a growth of 7.27% over the past day and has noted a rise of 4.94% over the week. The coin was highly traded on BitMEX with a volume of $1.8 billion via the BTC/USD trading pair and is falling by 0.10%.

8. Bitcoin SV [BSV]

Source: CoinMarketCap

Source: CoinMarketCap

The last week saw the coin lose its tenth position to Binance coin [BNB] and it had slumped on 6 February. The coin started off the week while posting a market cap of $1 billion with a 24-hour trading volume of $64 million. The coin, however, peaked on February 8 and noted a market cap of $1.2 billion with a 24-hour trading volume of $83 million.

At the time of the press, the coin was valued at $66.28 with a market cap of $1 billion and 24-hour trading volume of $88 million. The coin noted the growth of 7% over the past day and has noted a rise of just 2.32% over the week. The coin is starting to fall again by 0.13% over the past hour. The coin reported the highest trading volume of $9.6 billion with BCHSV/BTC pair on Bit-Z.

9. XRP 

Source: CoinMarketCap

Source: CoinMarketCap

The second largest coin on CoinMarketCap, XRP had started the week with a market cap of $12.5 billion and a 24-hour trading volume of $485 million. The coin noticed a small peak on February 8 with a market cap of $12.9 billion and a trading volume of $610 million.

At the time of press, the coin was valued at $0.3081 with a market cap of $12.6 billion. The coin noted a 24-hour trading volume of $690 million with a growth of 5.68% over the past day. The coin only had a minimal rise of 0.17% over the week and is falling by 0.27%. XRP was highly traded on ZB.COM posting a volume of $53.9 million via the XRP/BTC pair.

10. Tron [TRX]



Source: CoinMarketCap

Source: CoinMarketCap

Tron [TRX] has taken eighth place on the CoinMarketCap list and has not seen further growth. TRX began its week with a market cap of $1.7 billion with a 24-hour trading volume of $205 million. The coin noticed a peak on February 4 with a market cap of $1.9 billion and 24-hour trading volume of $221 million.

At the time of press, TRX was valued at $0.0269 with a market cap of $1.7 billion. The coin reported a 24-hour trading volume of $239 million with a growth of 4.89% over the past day. The coin observed a rise of 3.64% over the past week and is currently falling by 0.02% in the past hour. The coin was highly traded on OEX with a volume of $499 million with TRX/ETH pair.

Source: CoinMarketCap

Source: CoinMarketCap





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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