On The Mend: Crypto Asset Market Enjoys Another Day In The Green
As Thursday ticked over it was more of the same for the rejuvenated cryptocurrency market, with the vast majority of crypto assets continuing to rise in value. With the total market cap having plummeted to a lowly $276.1 million on February 6, a series of reassuring news seems to have appeased the market, with it situated at $470 million at time of writing.
The market darling for the past 24 hours has unquestionably been Litecoin (LTC), with the digital coin realising gains of ~30 percent; adding ~$3 billion to its market value. The little brother of Bitcoin has been clouded by uncertainty for days on end, with rumours of a ‘Litecoin Cash’ hard-fork refusing to subside, despite clarification.
Other large-cap cryptocurrencies to enjoy double-digit gains over the past 24 hours were IOTA (MIOTA), Dash (DASH), Monero (XMR), and Lisk (LSK).
Of the more speculative altcoins, WAX (WAX) was a standout performer on Thursday after the popular US-based exchange, Bittrex, listed the ERC20 token. Incredibly, the price of WAX more than doubled not even two hours after the announcement, before slightly correcting.
The founders of OPSkins, the pre-eminent marketplace for online video game assets, are the creators of the WAX protocol. The synergy between the two is enviable, with OPSkins offering 20 percent commission discounts to those who sell their items in exchange for WAX tokens. This promotion comes after WAX went live in late December, with the OPSkins describing it as “the cheapest, fastest, and easiest way to trade on our marketplace.”
WAX has been fostering publicity so far in early 2018, with the project’s president, Malcolm CasSelle, having presented at notable events such as The North American Bitcoin Conference and DeveloperWeek. Further, CEO William Quigley headed to Silicon Valley today to present at what is widely regarded as the leading conference on decentralization, d10e.
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