What’s Behind The Hype Of Bytecoin (BCN), Theta Token (THETA), Loom Network (LOOM), Ethos (ETHOS)
Bytecoin (BCN) – over 100% 24h growth
Bytecoin (BCN) soared by over 103% in the last 24 hours after being listed on Binance. In the aftermath of getting listed on one of the largest cryptocurrency exchanges, BCN daily volumes increased astronomically, from $5 million on May 7, 2018, to $33 million during the Asian trading hours.
Bytecoin is one of the earliest altcoins, started in 2012 as a privacy-focused coin. Over the years it has been overshadowed by more illustrious coins like Monero, Zcash, and Verge. However, its value is witnessing enormous growth after Binance added it to its site.
The surge and mercurial rise has seen the coin breach the top 20 bracket and currently sits at the 15th spot. Its price has also surged, growing from $0.006 yesterday to $0.0141 today.
Recognizing this tremendous growth, Jenny Goldberg, Bytecoin community manager posted on the official Bytecoin Twitter page:
“I’m so proud to announce that Bytecoin is listed on @binance!!! A million thanks to everyone who participated in the integration process! And a huge thank you to our community for staying with us for all this time!” @jnfgoldberg
Bytecoin’s market cap has also soared, climbing from $1.3 billion a day earlier to $2.6 billion earlier today. There is no telling how far this coin is going to swell, but it’s already the biggest surge in the top 20 bracket. It’s now over 170% in the green over the last 7 days. Will it hit the top 10 bracket soon?
Theta Token (THETA) – over 50% 7-day growth
Theta Token is an Ethereum-based ERC-20 token. It’s a decentralized platform that offers users an opportunity to share video content over the secure blockchain network.
It’s another of the obscure projects that are garnering a lot of attention as the cryptocurrency sphere expands into new markets.
Over the last 24 hours, THETA has surged by 29% to see its price climb to $0.20 against the US dollar. It leaves its cumulative 7-day price increase at over 50% as it pushes towards reaching a $0.50 target.
Currently ranked 136th on XBT.net, the token has seen its market cap grow over the last 7 days. It’s now sitting at $128 million, up from $87 million on May 1, 2018.
Though not yet on a major exchange, you can buy THETA at Huobi, Gate.io, OKEx, HotBit, IDEX, and DDEX.
Loom Network (LOOM) -102% 7-Day growth
LOOM is yet again proving to be one coin to watch as it seeks to break into new ground on the crypto market.
Currently trading at $0.605 against the US dollar, the token has surged by 18% over the last 24 hours and by a remarkable 102% over the last 7 days. On May 1, 2018, LOOM was valued at $0.3 against the US dollar but now looks to top $0.65.
The market cap has also increased, climbing from $172 million on May 1, 2018, to top $345 million today. This represents over 100% growth which is also reflected in its trading volumes over the last seven days.
Loom Network is a cryptocurrency platform that seeks to conquer the gaming industry via its next-generation itineration.
The focus is on providing gamers with a framework for online gaming as well as one where developers can learn how to code new dApps. Loom utilizes smart contracts to make this work.
Its growth is spurred on by support from the Kucoin team and a recent partnership with TrustWallet that allows them to make deep linking a possibility on mobile networks. It seeks to make building dApps on mobile devices easy and smooth.
Ethos (ETHOS) – 77% 7-day growth
Ethos is ranked 77th on XBT.net and is currently trading at $3.59 against the US dollar. The price represents a growth of +17.64% over the last 24 hours.
Crucially, this takes its 7-day price surge to +77.57%. Even though the token had slumped from $3.68 on May 1, 2018, to $3.25 yesterday, the surge today sees it emerge as one of the coins to watch keenly.
Ethos has a current market cap of $274 million, up from $250 million the previous day.
Ethos (ETHOS) is beginning to get their act together it seems and that is exciting the community. For a cryptocurrency that was supposed to have given its community a downloadable app in Q1, this represents a chance to get it rallying behind it once more.
The platform seeks to build a framework that would provide users access to wallet and exchange services. After falling behind schedule, a recent medium blog post suggests that that’s about to happen and as always, the community is looking forward to an increase in activity and thus prices.