Only a handful of coins in the top 100 cryptocurrencies are seeing losses on the market this morning. After a rough start to August, it seems the market has begun correcting itself again. At press time, Bitcoin (BTC) is trading just below $6,500 and Ethereum has just passed the $300 threshold.
EOS, Tron (TRX), and VeChain (VET) are all altcoin gainers today – let’s take a closer look at their prices and latest project updates.
Altcoin Gainers Today: EOS
EOS was passed by Stellar earlier this week for the fifth largest cryptocurrency by total market cap. However, the cryptocurrency has gained momentum in the last 24 hours and is back to fifth.
Block.one, the software publisher that designed EOS, is currently holding its EOS global hackathon to incentivize dApps to be built on top of EOS. Two of the competitions have already been completed and two more are set to occur in the next coming months.
Block.one will release the dates for the fifth ‘finale’ hackathon in December. The top three winners from each hackathon will compete in the grand finale.
At press time, EOS is currently trading at $4.86 a coin, up 3.22% in 24 hours.
Tron recently dropped to the 12th largest cryptocurrency by total market cap, but has received a boost on the market today and is seeing over 10% gains.
— Justin Sun (@justinsuntron) August 17, 2018
Justin Sun, Tron’s founder, just made the announcement that his project has just completed the acquisition of Blockchain.org. The coin’s boost must be due to this announcement just three hours ago.
At press time, TRX is trading at $0.0215 a coin, up 10.34% in 24 hours.
This morning, VeChain is among the top coins with the most gains on the market.
— VeChain Foundation (@vechainofficial) August 16, 2018
Yesterday, the VeChain Foundation put out this announcement but there doesn’t seem to be a clear indication why the coin has spiked so rapidly. The usual ‘pump’ tweets are all over Twitter but those are to always be ignored.
At press time, VET is trading at $0.0149 a coin, up 48.35% in 24 hours.
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