Blockchainless Crypto platform IOTA has launched a come back to the top 10 on CoinMarket. The network lost elite status a couple of weeks ago when EOS and Tether stormed the top echelons.
It rose 16.66 percent to occupy the 10th rank on Monday morning. The growth represents the highest among the first 10.
As a matter of fact, IOTA is one of the prime Cryptos hardest hit by the ongoing market depression. The bull run that saw its price rise to $5 has suffered a great setback. Currently, its price hovers around $0.71 Cents.
The gains catapulted IOTA to dislodge anon Monero which finished 10th at the end of last week. At the moment Monero is sitting at the 11th position with not so much gap between the two.
IOTA has a market capitalization of $1,736,316,522 whilst Monero holds $1,557,601,688 at the time of writing this piece. Roughly there is more than $200 million cleft in between.
Even though Monero has a fighting spirit of bouncing back, only time will tell if it could make it back to top 10 soon. More importantly, if the privacy coin can displace IOTA and take over the 10th rank or even sprung further.
Overview of Top 10
Refreshingly by the time of going to press at 10:00 GMT+2 on Tuesday all top 10 were in green with no losses except controversial Tether that had dipped 0.22. Cardano made an impressive showing with a 7.0 percent bloat.
XRP, Litecoin, and EOS rose above 4 percentage points. In fact, the three entities scored 4.74, 4.63 and 4.18 respectively.
Moreover, Stellar Lumen registered 3.42 percent germination whilst Bitcoin Cash swelled 3.10 percent. The pioneer of Smart Contracts, ETH was up 2.90 percent.
Will Bitcoin Hit $7000
First market mover Bitcoin Price is now $6939.92 on CoinMarketCap. This morning it’s appreciated by 3.10 percent.
Last week saw an ardent resistance with breaking beyond $6400. As the market has overcome the barrier many are anticipating a bull run.
Let see if Bitcoin can hit $7000 and go on a run that will carry along all the altcoins and end the current depression. As a matter of fact, such a development will put smiles on the faces of the global crypto community.
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