Top Altcoin Reshuffle: Waves vs. Bytecoin, Stratis vs. Monero and More
There were a few changes in the top echelons of the market in the week. Mostly, tokens were seen adjusting after the whirlwind.
There were a few changes in the top echelons of the market in the past week. Mostly, tokens were seen adjusting after the whirlwind.
Significant to mention, Stellar Lumens and Bytecoin lost elite status and are now stranded in the “wilderness” of cryptocurrency. Golem also appeared towards the bottom of the top 10 briefly. This was on Tuesday, however, it could not hold the fort for long.
In the later part of the week beginning on Thursday, Ether and Ethereum Classic gathered themselves and made some gains. Other than that, their performance in the week has been abysmal.
Some more refreshing news is that Bitcoin crossed the $2,500 mark twice on Friday and Saturday. This, in fact, was the first time since last weekend's doomsday.
Stratis, the Blockchain application, had a tremendous week making heads row in the top 10. On two occasions it displaced Dash from the seventh position, however, the privacy-centric digital currency didn't give up and Dash ended the week holding its position.
Despite this, it was quite interesting to see Stratis, which earned top status a few weeks ago raising its market price to more than $11 within the week. Quite amazing since it entered the zone with as little as $1.23.
Stratis vs. Monero
Earlier in the week, Stratis pushed Monero aside and held the number eight position. Monero tried to fight back but it was to no avail.
Making casualty of the anon crypto appeared a boost for Stratis as it went on to increase its market cap to $1 bln on Saturday. Alas, it could not sustain its momentum and dropped late in the day.
Waves vs. Bytecoin
Waves Platform rose to the top on Saturday at the expense of Bytecoin. It is more than a month since the smart contract platform broke into the top 20. They have been giving indications they want to be counted among the best. Although with the exception of Bittrex, no major exchange has listed Waves, it still managed to conquer the odds.
As of press time, half of the top 10 were in red, whilst the others were making appreciable gains. It has been a week of mixed feelings but, overall, better than average.