Bitcoin
BTC$68 144.21

-2.18%

Ethereum
ETH$2 432.74

-3.15%

Tether
USDT$0.999849

0.03%

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Solana
SOL$161.74

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0.03%

NEM, Augur and District0x price push higher while Bitcoin trades below $32K


19 Jul 2021

#NEM

Massive spikes in trading volume sent the price of XEM, REP and DNT higher even as Bitcoin price hit a weekly low at $31,000. Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins. On Friday, several smaller-cap altcoins managed to shake off the bearish assault and post-double-digit gains before traditional markets closed for the weekend. 

Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours were NEM (XEM),  Augur (REP) and district0x (DNT).

It's worth noting that four of the top seven gainers are layer-one protocols, an interesting development that comes at a time when Ether’s (ETH) price is struggling below the $2,000 level and the community anxiously waits to see if the upcoming London hard fork improves Ether price and the process of transacting on the network.

NEM/USDT

Data from Cointelegraph Markets Pro and TradingView shows that after a month where the average 24-hour trading volume for NEM was $50 million, demand for the token surged on July 16 as the volume increased to $532 million and the price rallied 35% to $0.151.

The uptick in price follows the July 13 announcement that Symbol (XYM), an enterprise blockchain protocol developed by the NEM group, had agreed to a collaborative project with the government of Colombia.

REP/USDT

According to data from TradingView, REP price began to surge on July 13 after the 24-hour trading volume spiked from a daily average of $17 million to more than $521 million on July 14.

As a result of the sudden increase in trading volume, the price of REP rallied 57% from a low of $14.60 on July 13 to an intraday high at $22.97 on July 16.

While there is no readily identifiable cause for the sudden increase in interest, a scroll through the Augur's Twitter feed shows that forecasting on the network remains active with the most recent polls asking “Who would win the 2021 Major League Baseball Home-run derby?” and “Who will win the Ultimate Fighting Championship fight between Connor McGregor and Dustin Poirier?”

DNT/USDT

The third-largest gainer on July 16 was Distric0x, a protocol that bills itself as a "network of decentralized markets and communities" and specializes in helping users launch their own decentralized autonomous organizations (DAO).

Data from Cointelegraph Markets Pro and TradingView shows that DNT's trading volume spiked from $3 million to more than $60 million on Friday, which led to a 73% rally from $0.112 to an intraday high at $0.193.

At the time of writing the price of DNT had since retraced to $0.133 which represents a 17.35% gain on the day.


Related

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.6% 40 $68 144.21 -2.18% 1.79% $1 347 686 332 613 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 84% 21 $2 432.74 -3.15% -1.50% $292 933 112 862 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999849 0.03% 0.13% $120 558 503 347 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94% 4 $559.14 -2.72% -4.18% $80 571 389 671 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 68% 65 $161.74 -3.59% -5.66% $76 152 698 387 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000206 0.03% 0.05% $34 881 687 500 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 94.8% 5 $0.500590 -2.82% -2.60% $28 467 867 628 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 65.6% 77 $0.148946 -8.26% 7.81% $21 840 127 813 DOGE 7 days price change
9 TRON (TRX) TRX TRON predictions 94.4% 4 $0.164096 -2.02% -1.03% $14 186 736 232 TRX 7 days price change
10 Toncoin (TON) TON Toncoin predictions 88% 13 $4.76 -3.35% -3.00% $12 108 039 231 TON 7 days price change
11 Cardano (ADA) ADA Cardano predictions 89.6% 7 $0.338480 -6.20% 1.96% $11 845 120 349 ADA 7 days price change
12 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 91.6% 1 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 83.6% 28 $0.000017 -5.57% -0.81% $9 910 281 096 SHIB 7 days price change

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