Although the markets are down and everything has dropped by 7-8% in the past 24 hours, the biggest gainers over the past week have been Huobi Token [HT] and Holo [HOT]. Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and virtually all other cryptocurrencies in the Top 20 have had a bearish week with a possible bull breakout mood being thwarted again when Bitcoin dropped from $7700 back to $7300.
Although multiple influencers and economists have predicted a possible bull breakout with Bitcoin’s prediction at $20K or more by this year-end, the question in the community remains, when will Bitcoin hit $10K?
Huobi Token [HT], going against the flow of the market, at press time had witnessed a 16.64% jump in the past 24 hours and a huge 69% jump this past week. HT is currently trading at $5.98 to a token with a market cap of $298 million.
Huobi had recently announced their plan to launch new cryptocurrency backed exchange-traded fund [ETF] which according to the community has opened doors for institutional investors. A large part of the recent HT tokens was traded in the Huobi/USDT pair on Huobi. They are the only exchange supporting HT. With a large $198 million in trading volume in the past 24 hours, all skeptical comments about a possible pump-and-dump were proven wrong.
Holo [HOT], on the other hand had shown a huge 110% jump in one hour and a 95% jump over the week. With a trading volume of only $1 million in the past 24 hours, many suspected that this could possibly be a pump-and-dump. Holo during the jump was trading at $0.001936 to a token with a market cap of $257 million.
Holo, according to many from the coding community consider Holo’s code to be a clean and neat project with the structure and vision to change things. HOT, however by the time article was being concluded dropped dramatically and lost all its gain in a matter of few hours.
HOT at press time was dropped from the 62nd positioned and went on to trade below the Top 100 mark. It was trading at $0.000930 to a token which is a 100% drop in just a few hours. Holo [HOT] is currently available to trade in exchanges like IDEX, Hotbit, Fatbtc and a few other exchanges.
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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern
Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.
BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.
Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:
.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
— Binance DEX (@Binance_DEX) April 18, 2019
The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.
In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:
“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”
A Twitter user, @carlitosblvd123, commented:
“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”
@jigneshon, another Twitter user commented:
“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”
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