Top Cryptocurrencies of the Week - As at Aug 8, 2018
- Bitcoin (BTC) -12% this week at $6750, facing a Winklevoss Twins ETF rejection has fallen back to $6750 USD, but may have hopes for a rebound in the coming months as the CBOE ETF application is still in play. Along side this news, the owner of the New York Stock Exchange is in collaboration with Microsoft and Starbucks to create a platform allowing Bitcoin to be spent at every Starbucks in the world.
- Holochain (HOT) +15% this week at $0.000675ʉ an emerging competitor in the non-blockchain structure of Distributed Ledger Technology, is continuing to show price strength and community growth since its 100% rise on news of Binance exchange listing last week.
- Ethereum Classic (ETC) +5% this week at $17.40. This fork of Ethereum was created due to a portion of the community having a difference in philosophy to the resolution of to the infamous $150m DAO hack on the Ethereum network in June 2016. Following a launch on Coinbase Pro's exchange platform as well as the popular Crypto Trading App Robinhood, this cryptocurrency is one of the few that saw a positive price move this week.
- Binance Coin (BNB) -4% this week at $13.26, the utility token for world's highest transaction volume exchange, is continuing to demonstrate strength as a safe harbour during the correction this week a red sea of double-digit percentage drops in the top 100 cryptocurrencies as the company continues to announce upcoming funds and acquisitions
- Caleb and Brown's Crypto Spotlight of the Week: Hedera Hashgraph A very anticipated Distributed Ledger Technology project promising rapid transaction throughput, has announced its public $20million ICO offering after disclosing a private capital raise of $100 million.Additionally, Coinbase Custody has announced that Hedera Hashgraph is among the candidates that their custodian solution could potentially support inthe future, despite the fact that the coin has yet to launch its Blockchain.
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