Weekly Noob Look at Crypto Market #14 - APX token launch!
If we didn't admit to ourselves that we are still in the bear market, maybe now it's the time... Okay, it's not so bad, but we are missing that "trigger" that will push things up... Let's dive more detailed into separate coins and tokens...
As always, let's start with Bitcoin as he is still the market leader by the percentage of tradings as its dominance is still over 65% of all cryptocurrencies. Last week it was around $9080, and now it's traded for a little bit less than $8700... The picture is now clear, BTC is going down the third week in a row and there are already speculations that it will go until $7400, but I won't take that for granted.
I find Ethereum as one of the undervalued coins of today... Okay, the price for what is traded is around $187 (last week it was $189) and that is not a low price. But, if we know that ETH is on the second place on the dominance list with 8.36% of tradings, it is still undervalued... The price in BTC has gone up, from 0.0209BTC to 0.02154695 BTC, which is a nice growth, slow and steady, as we like the most...
We had a nice surprise from our favorite coin, STEEM, as it's value went up from last week's report. It went up from $0.143 to $0.152, which is not revolutionary, but better than a drop in the price :) Actually, it was the exact price of STEEM 2 weeks before. Price move in BTC was also positive, the price went up from 1578 satoshis to 1750 satoshis and we saw that price last time somewhere in the middle of the October...
There were no big moves with CTP token past week... The price is still in almost the same range as in the last report 0.01119-0.02250 STEEM and the trading volume is still very low. The circulating supply is 632,049 CTP tokens and the last 24h volume was only 8 STEEM / $1.15.
DEC token also didn't have too much action... Price was more-less stable around 0.00580-0.00620 STEEM per token. The circulating supply was 96.9866M DEC tokens and the last 24h volume was 12,986 STEEM / $1,968.51.
Just today, as for writing this report PAL token had significant crash down to 0.02303 STEEM price, but the selling orders are still at the same level as all the week, 0.03460 STEEM. Anyways, there is no big support on the buy side, which is usually not a good sign, but it can change very fast in low volume tokens... The circulating supply is 15.754 M PAL and the last 24h volume was 150 STEEM / $22.69.
SPT token is doing almost the same as PAL, but with a large buy order at 0.00360 STEEM, which should keep the price from a further drop... Circulating supply is 27.512 M SPT and the last 24h volume was 442 STEEM / $67.02.
LEO token was the most stable one in the past week, as always... The price is a little bit less than in my last report, but it is still good enough, around 0.20 STEEM per token. Aside from their own DEX, the developers of SteemLEO token and condenser are always adding new features to their website... Now we can experience the brand-new dashboard and it looks awesome... Circulating supply is lower than last week (it was a burning token day) 3.923 M LEO and a 24h volume was great, 4,424 STEEM / $678.07.
Oh, yes... I almost forget about the biggest news... APPICS, or as it is called popularly as Instagram for STEEM has launched its new version of dApp and it looks AWESOME. But, the most important thing is that they have launched also their APX token and you can find it at the Steem-Engine website as all the others...
My staked tokens summary (this week - last week):
CTP token - 23387 (21100)
PAL token - 791 (779)
SPT token - 14185 (13680 )
BATTLE token - 8191 (8074)
LEO token - 3106 (3086)
~ph~
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STOPNice update about the coins and tokens Zoltan, and great to see that Steem is not falling anymore, let's hope that the IPN will come soon for CTP, that will up the demand, and as to APX they are doing great, Appics is now Top 20 in stateofthedapps, I wish you an awesome week ahead.
I also hope that IPN for CTP token will come soon, but that's not depending on us...
Yeah I know, it's all up to @blainjones.