The total cryptocurrency market cap is at an all-time record high of over $511 billion. So let’s take a look at some interesting looking cryptocurrencies. Let’s start with Bitcoin Cash, which climbed past $2,000 today and later it dropped to around $1,800. It is currently around $1,900. Moving over to Ripple, which hit another record high today and gained more than 20% over the past 24 hours. It has been skyrocketing over the last few days, so will it be able to maintain this strength over the weekend? There was an announcement last month that American Express is entering a partnership with Ripple. Last week Ripple decided to escrow 55 Billion XRP keep prices under control. It plans to release 1 billion tokens every month for Ripple use with any unused tokens being placed back in escrow. Ripple CEO Brad Garlinghouse told the Business Insider today that “There is – a lot of excitement about the potential, but XRP is very uniquely positioned to actually be able to deliver on the promise.”
NEO sometimes called the Chinese Regtech leader Coinfirm announced yesterday that it is partnering up with NEO and the specialist venture platform QRC to nurture a compliant blockchain ‘smart economy’, with a special focus in Asia. The last time we saw NEO really surge was in August when it jumped to over $48. This was when it re-branded from Antshares, but it has been falling back ever since, ranging in a channel between around $25 and $35 for most of September and October. Yesterday we saw it break through key resistance areas around $40 and today we saw NEO climb all the way past $50, it pulled back slightly but remains just under the $50 mark. NEO is traded mostly on Bittrex, which has almost 30% of the total; the second exchange is Binance with just over 25% followed by Bitfinex at 21%. NEO is currently in 13th place with a market cap of over $3 billion.
Bitcoin has had its up and downs over the past 24 hours. It fell all the way to $16,200 on Wednesday. Later in the day we saw it surge back to $17,000 before falling again and it is currently around $16,800.
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