The cryptocurrency market has taken a beating to start out August but it seems the market has made a shift this week. Currently, Bitcoin (BTC) is trading just under $6,400 and Ethereum (ETH), one of the top altcoin gainers today, is just below $300.
Let’s take a closer look at Ethereum Classic (ETC) and Populous (PPT), as they are top altcoin gainers on the market today.
Top Altcoin Gainers: Ethereum Classic (ETC)
— Ethereum Classic (@eth_classic) August 16, 2018
Coinbase will be launching Ethereum Classic trading on its website and app today. Many coins see run-ups in their price prior to a new listing on major exchanges. Coinbase is currently mulling over a few other altcoins but Ethereum Classic will be the first coin added to its platform in months.
Ethereum Classic has just passed Iota and Tron to take the 11th largest cryptocurrency by total market cap, just under Monero.
At press time, ETC is trading at $14.02 a coin, up 16.92%, in 24 hours.
Populous is the altcoin in the top 100 that is seeing the most gains on the market today. There doesn’t seem to be any clear evidence as to why the coin is gaining on the market today but Twitter is full of Populous ‘pumping’ tweets.
Populous $PPT is rebounding impressively today, best performing crypto in top 100!! Still an absolute steal at these prices IMO, back to $70+ in no time!! 📈🚀👊 #invoicefinance #blockchain #cashflow pic.twitter.com/PPHB4wLyeM
— nooz (@nooz81) August 16, 2018
This may be the reason why the coin is gaining momentum today, but just like a quick ‘pump’ – there’s always a fast ‘dump’ shortly after because there was nothing substantial that occurred with the project. While the project does have a working product, it’s fair to be wary of these tweets.
At press time, PPT is trading at $4.27 a coin, up 28.52%, in 24 hours.
Featured Image: Twitter