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As Bitcoin continues to grow, some altcoins are not being left behind either.Last week there was an intense competition on the Top 10 of CoinMarketCap with some casualties being posted.It was so engrossing to see some old cryptocurrencies uprooted from their longstanding positions.This registered the fact that no entity has a monopoly over a particular position.Smart Contract king, Ethereum in a very surprising circumstance lost its long-held number two spot to snowballing Bank Transfer giant Ripple.Fascinatingly, within the week it doubled its value and it was near twice the value of Ethereum.Rising almost 40 percent, its market cap was over $15 bln.It has now lost almost $2 bln and Ethereum is now closing the gap.Actually, it was the second best-performing cryptocurrency on the top 10 last week.Yet still, Ripple leads Ether with almost $2 bln in Market Cap.Some analysts in the space are strongly convinced it is likely that it will recover and take back the number two position it nearly monopolized for a couple of years.
It remained to be seen since Ripple keeps making deals with banks around the world expanding its portfolios.Anyway, Ethereum with no doubt as well has become a popular smart contract platform.In a related development, on Thursday fast-growing NEM also pushed SegWit trailblazer, Litecoin to the fifth rank and became the world's fourth most valuable digital currency.This was when the Ethereum Token rose a towering 50 percent in growth rate.It became one of the notorious astonishments associated with altcoins rise since Litecoin, the silver of crypto has been performing awesomely in the market since choosing the SegWit path.Well in this space nothing is no more a bewilderment.NEM now holds more than $2 bln in Market Capitalization.Significantly New Economic Movement (NEM) was the best performing crypto in the week and continues to lead in altcoin growth in 2017.It seems to be attracting more investors to its fold.Another interesting raging battle is between the radioactivity of Ripple as a result of a misunderstanding, Stellar Lumen, and steadily declining Monero.
On Thursday XLM dislodged Monero from the eighth rank but the latter fought back gallantly to take it back on Friday.This did not last long and the Microfinance Blockchain once again took over on Saturday.At the time of filing this report, the difference in Market Cap between the two was $20 mln.If Monero remains the way it is tanking, the likelihood of gaining back the position is slim.bitcoin usd google trendsMoreover, Stellar Lumen so far has given all indications it has come to the top 10 to stay.bitcoin 80 bytesAmong the other things, last week witnessed a newcomer in the ranks of the elites when Bytecoin crashed the gates of the top 10 sending Steem stumbling down below.bitcoin julian assangeFor four days now Bytecoin has held the tenth position firmly.bbc news bitcoin mining
It is up to them to prove to the community if they have come to stay or not.Meanwhile, Siacoin is barking fiercely to gain entrance to the top as it is now at the eleventh spot.Cointelegraph anticipates a hot week ahead.Este conversor da moeda corrente converter-se-á entre todas as duas moedas correntes extrangeiras usando taxas de troca modernas das várias fontes.litecoin block hash algorithmIncorpore a quantidade a ser convertida na caixa à esquerda da moeda corrente e pressione a tecla do "converso".ethereum aud exchangePara mostrar Litecoins e apenas outra uma moeda corrente estala sobre toda a outra moeda corrente.(21 de outubro de 2012).Using scrypt for user authentication.Página consultada em 27 de abril de 2013.(15 de abril de 2013).Bitcoin Isn't the Only Cryptocurrency in Town.Litecoin price has been on the rise since the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).
The rise in demand toward Litecoin pushed digital currency exchanges in major regions to add trading support for Litecoin users and investors.LTC just got listed on Bithumb, Korea's largest exchange.It's already #3 in volume!/69PKg3bbqx — Charlie Lee (@SatoshiLite) May 7, 2017 Most recently, Litecoin creator and Coinbase Director of Engineering Charlie Lee revealed that Bithumb, South Korea’s largest digital currency exchange, integrated full support for Litecoin trading.Almost immediately after the announcement of Bithumb, the daily trading volume of Litecoin surged, from around $80 mln to $174 mln.Additionally, Bithum established itself as the third largest Litecoin exchange in the world, in a period of days.According to various digital currency market data providers including CoinMarketCap, Bithumb has maintained its position as the third largest Litecoin exchange in the global market, processing around 8.3 percent of Litecoin daily trading volume.Currently, Bithumb’s Litecoin daily trading volume is equivalent to $14.5 mln, which is higher than that of BTC-E and Bitfinex.
It was revealed on May 5 that South Korea officially became the largest Ethereum exchange market, with a trading volume of $105 mln and 21 percent of the global Ethereum exchange market share.South Korea is now officially the largest Ethereum exchange market, above US and China with 21% market share.#/uN4HtHC5Zf — Joseph Young (@iamjosephyoung) May 5, 2017 Cointelegraph attributed such explosive growth of Ethereum to the local community’s concerns over Bitcoin's scalability issues and exchange hacks.In fact, when one of South Korea’s Bitcoin exchanges Yapizon was hacked, competing digital currency exchanges experienced a surge in trading volumes of alternative cryptocurrencies or altcoins such as Ripple and Ether.According to Jake Kim, a developer and Bitcoin researcher based in South Korea, Litecoin has begun to attract the interest of local communities and investors.Kim explained some communities are considering investing in Litecoin, which justifies the Bithumb Litecoin market’s explosive increase in trading volume.