The market experienced a nice twist towards the better for the last few hours. After reaching its lowest this year, at $219bn., the market cap recovered more than $10bn. in just two hours. It currently sits at $228bn.
The recent increase is likely owed to the fact that most of the coins reached a good buying price - although some coins touch increases of more than 10% which are probably influenced by other factors as well.
Chainlink reaches gains as high as 22.06% at the time of reporting, after reaching this week’s lowest earlier today. Ardor, OmiseGO, Wanchain and NXT (plus a less known mineable coin, Metaverse ETP) are all up by 10-12%.
There are few “losers”, most of them in the -0-5% range. The only exception is HShare, with a nasty -8.98%, possibly owed to their Main Chain upgrade:
📢🔴✖️IMPORTANT disclaimer for users on the HSR network after block height 938,888✖️🔴📢— H.cash (@HcashOfficial) August 7, 2018
To all #HCASH users: 𝗗𝗼 𝗻𝗼𝘁 𝗯𝘂𝘆, 𝗺𝗶𝗻𝗲 𝗼𝗿 𝘀𝘁𝗮𝗸𝗲 𝘁𝗼𝗸𝗲𝗻𝘀 on the #HSR network after block height 938,888 or you will suffer a loss of assets.https://t.co/Qxga5UKhYM
Meanwhile, Bitcoin is slowly recovering after the dip suffered during the past hours, currently trading at $6,486 (1.63%). Six of the other altcoins (Ethereum, XRP, Bitcoin Cash, EOS, Stellar, and Litecoin) follow suit with gains of roughly 1 to 4 percent. Cardano (6.84%) and IOTA (4.95%) lead the gainers’ chart for the moment.