The five cryptoactives with the greatest appreciation in the last week: data exchange and storage platforms.

Posted by Carlos González | May 27, 2018 | Collections, Exchange Market

Photo by: Nicolás Litvinoff

The cryptoactive market has presented a significant decrease in its value during the last days. Only in the last week, the global capitalization has dropped from 381.8 to 325.9 billion, a percentage of 14.6%.

Bitcoin, the most capitalized asset in the market, has also lost 14%, from $ 8527 to $ 7327. Ether, the second market currency in terms of capitalization, lost 18% of its value and is currently at 576 dollars.

The lowest point in most currencies on this list was around May 24, when the market lost almost 10% of its value in one day. So, we argue that it could be due to the changes made to Bitfinex's privacy policies, which will begin to request personal information from users.

As it usually happens, as the price of bitcoin falls, the other cryptocurrencies follow the trend. Despite this, the assets reviewed in this list managed to recover their initial price and overcome it, thanks to advances in their platform or adoption by exchange houses.

ELECTRONEUM

The fifth cryptocurrency on this list is Electroneum, an asset that offers security and privacy and seeks to be a payment solution for users around the world. In addition, it has an application that allows you to mine the cryptocurrency from mobile devices.
Its value is just 1.19% higher than it was on Monday the 20th. Between that day and 24, it went from $ 0.022 to $ 0.018. However, he later recovered and currently stands at $ 0.023.

The reason for this recovery is the expectation for the update of its network, which will happen this Wednesday, May 30. This implementation will increase the speed and reduce the size of transactions, as well as combat the use of ASIC equipment in the chain.

Price Week from May 20 to May 27, 2018 of the Electroneum. Source: CoinMarketCap.

MIXIN

Mixin is a platform that allows unlimited interaction between different block chains. Between 20 and 23 its value went from $ 851 to $ 695, a drop of 18%, to then recover and now reach $ 862, just over 1% above its initial value.
What motivated this recovery was that the BigONE exchange house listed this currency on the pair with EOS on May 25.

Precio Semana del 20 al 27 de mayo 2018 del Mixin. Fuente: CoinMarketCap.

IEXEC RLC

This cryptocurrency, which appears for the second consecutive time in this list, is a platform that offers the exchange of the processing power of its users' computers as if they were financial assets.
In the last week, after losing 24% of its value, it managed to recover and to be close to 1% above its initial value, reaching an exchange rate of 2.14 dollars at the time of writing.

The reason for this increase, as with Electroneum, is the upgrade of its network to version 2. With this implementation, several features of the blockchain will be improved, such as the decentralization of the storage of users' processing power and the creation of a market where users can agree to finalize sales.

Price Week from May 20 to May 27, 2018 of the IExec RLC. Source: CoinMarketCap.

CYBERMILES

CyberMiles, the second cryptocurrency in this list, offers the creation of intelligent contracts for digital commerce companies, through a series of templates that will facilitate their creation.
The value of this asset was not so affected during the general fall of May 24, as the reasons for its increase were announced on Monday, the 20th. This day the developers team announced that the main network of this blockchain will be launched in the next few days, although it did not give a fixed date. In addition to this, the exchange platform Iconomi listed the token among its offers.

Due to this, the asset rose from $ 0.276 to $ 0.346 between 20 and 22. Although the general decline caused it to fall briefly to $ 0.267, it quickly returned to the value previously presented. At the time of writing, its price is $ 0.321.

Precio Semana del 20 al 27 de mayo 2018 del CyberMiles. Fuente: CoinMarketCap

MAIDSAFECOIN

MaidSafeCoin is a platform that seeks to securely solve data storage using blockchain technology.
It is the only currency on this list that maintained its value during the fall of 24 and, between 20 and today, has increased 26% and stands at $ 0.468, which makes the currency with better performance among the first 100 according to your market capitalization.

The reason for this increase is the launch of a new consensus mechanism called PARSEC (protocol for efficient, secure, reliable and asynchronous consensus), which will be used by this network and promises to be more secure than the current mechanisms.

Price Week from May 20 to May 27, 2018 of the MaidSafeCoin. Source: CoinMarketCap.

As shown by the percentages in this list, the general fall of the market has strongly affected prices and, except for these block chains that present important news about their network or the adoption of their currency, the trend is downward.

Featured image for Tomasz Zajda / stock.adobe.com
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