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EOS, Ethereum and XRP Lead The Market With Moderated Gains

ยท in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

EOS, Ethereum (ETH) and XRP are leading the cryptocurrency market with moderated gains in the last 24 hours. Meanwhile, Bitcoin (BTC) is operating with almost no change during the same period. Bitcoin’s dominance fell to 69.7%.

Altcoins Lead Market Recovery

Altcoins are currently the leaders of a moderated recovery in the market. According to data provided by CoinMarketCap, EOS has been the best performing digital asset among the top 10 with a price increase of 8.48% in the last 24 hours. 

EOS does not seem to be affected by the recent hack experienced by gambling dApps. Attackers were able to steal 30,000 EOS by manipulating winning conditions in gambling decentralized applications. 

EOS is now being traded as the 7th largest digital asset. A few days ago, it surpassed Binance Coin (BNB) that had a weak performance in the last few months. Each EOS can be purchased for $4.02 and it has a market capitalization of $3.75 billion. 

Bitcoin SV (BSV), the hard fork of Bitcoin Cash (BCH), has also surged almost 4% in the last 24 hours. BSV hash rate is reaching the lowest point compared to BCH and BTC. 

At the time of writing this article, BSV is the 9th largest cryptocurrency with a price per coin of $122. It also has a market capitalization of $2.18 billion. 

ETH is also experiencing moderated gains. In the last 24 hours, the virtual currency grew 3.77%. It also has a market capitalization of $20.21 billion and a price per coin of $187.

Ethereum developers have recently announced the date for the testnet launch of the Istanbul upgrade. This is an important thing for the whole Ethereum community that has been waiting for this upgrade to take place. The testnet activation is scheduled for October 2. 

XRP and Litecoin, the third and fifth virtual currencies in the market, are also growing. XRP moved 2.79% while Litecoin 2.21%. Now, these two digital assets have a market capitalization of $11.29 billion and $4.45 billion, respectively. 

Each LTC can be purchased for $70.4 and each XRP coin can be acquired for $0.262. While Litecoin has recently experienced a halving event, the XRP community is discussing Ripple sells of XRP to the market. 

Bitcoin, the largest cryptocurrency in the market is being traded around $10,350 and it has a market valuation of $185 billion. Moreover, its market dominance remains high close to 70% of the total crypto market.

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