September 17, 2019

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Bitcoin Cash [BCH] & EOS vs Tether [USDT] & Stellar Lumens [XLM]: A surprising factor between the gainers


The past one week has been a roller coaster ride for the cryptocurrency world, with a sudden bear surge bringing a buzz back into the cryptosphere. The top-ten cryptocurrency club has seen rank changes and price surges over the past seven days in such a significant fashion that it would be hard to believe that a sustained bear hold had ensued before this.

The magnitude of the price increase is made evident when one sees the difference between the two highest and the two lowest gainers in the cryptocurrency club.

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Bitcoin Cash [BCH], after the hard fork, has emerged as the biggest weekly gainer, clocking a spike of a whopping 94.28%. The increase has also lifted Bitcoin Cash from below the number five position to its old stronghold at number four. At the time of writing, BCH was holding a market cap of $3.265 billion, with an increase in 24-hour volume to settle at $1.11 billion.

BCH was closely followed by EOS, with the Brock Pierce co-founded cryptocurrency shooting up at the rate of 40.56% over the past week. Just like Bitcoin Cash, the arrival of the bull has placed EOS at its usual haunt of number five on the cryptocurrency charts.

At press time, EOS was holding a market cap a few million more than Stellar Lumens [XLM] at $2.448 billion. The cryptocurrency also had a 24-hour market volume of $1.353 billion.

Coming to the lowest gainers, it is important to mention the two cryptocurrencies have risen at a significant rate, but the magnificent bull run has affected other cryptocurrencies in a much better fashion.

The cryptocurrency that gained the least over the past week was Tether, with the stablecoin just recording a 2.14% rise on the charts. During the period, research also bought into light some information about Tether’s speculative linked funds. Tether held a market cap of $1.903 billion, with a 24-hour market volume of $6.534 billion, which was figure second to just Bitcoin [BTC].

Next on the list of least gainers, was Stellar Lumens [XLM], which after rising just 2.14%, was ironically one of the biggest gainers before the latest bull run. The Jed McCaleb co-founded cryptocurrency held onto a market cap of $1.903 billion with a 24-hour market volume of $124.007 million. Just a couple of days back, Stellar Lumens had rocketed to the number 4 position, dismantling Bitcoin Cash from the position.


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