Daily crypto: Markets show small movements and Binance plans to launch its own blockchain

Daily crypto: Markets show small movements and Binance plans to launch its own blockchain.

Image source: Shutterstock / Wikimedia Commons

Tim Haldorsson

tim.haldorsson@trijo.co

The total market cap for all cryptocurrencies is at the time of writing at $126 billion. In addition, the crypto exchange Binance is planning to launch its own blockchain in the coming months.

The crypto markets have shown small movements in the last 24 hours. Currently, about 45 of the 100 biggest cryptocurrencies show green numbers for the last 24 hours.

The total market cap for all cryptocurrencies has lost $0.5 billion in the past 24 hours – from $126.8 billion yesterday to $126.3 billion today.

“Millions of projects can easily issue tokens”

Binance is today the world’s largest crypto exchange based on daily trading volumes. Now, the crypto exchange writes on Twitter that in the “coming months”, they are going to launch their own blockchain. The new blockchain will be based on the binance coin (+14,89%), which is currently based on ethereum’s blockchain. Binance writes that the new chain will make it easy for people to do ICOs and launch their own tokens.

“Binance is pushing for blockchain adoption and doing many things to help the advancement of the industry. For example, we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens”, the crypto exchange wrote on Twitter.

Bitcoin cash continues to fall

Looking at the biggest cryptocurrencies, all of them show lower prices than yesterday. Bitcoin cash (-7,68%) and stellar (-2,41%) have lost the most, but also ethereum (-1,36%), xrp (-0,59%) and bitcoin (-0,55%) have lost in value over the last day.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were waves (+36,44%) and dex (+16,77%), and those who performed the worst were nexo (-21,17%) and pundi x (-8,45%).

Asset: Price: % (24h)*
Bitcoin $3 914,95 -0,55%
Xrp $0,35069 -0,59%
Ethereum $108,55 -1,36%
Stellar $0,14681 -2,41%
Bitcoin cash $143,12 -7,68%

*All numbers in this article are from Coinmarketcap.com.

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