Second Bitcoin fork is behind! Crypto Market is in a Lull. Weekly Chart of Top 5 CryptoCurrencies by Growth Rate...
The second went hard fork in Bitcoin network is went and soon we wait to start trade new Bitcoin Gold (BTG), it's very interesting what will be his destiny, is he here to stay or it's a project which developer just premined some BTG's (there were 100 000 BTG premined, 8 000 block). Now price on Bitfinex is about 120$ for BTG and we still waiting a core wallet which will support it. Except that week was boring without big jumps in price, so it's maybe a calm before thunder. Weekly chart shows that too, biggest jump in price is only 75%...
1) iExec RLC (RLC) - 49.92% / 86th place
iExec are creating first fully distributed cloud system, that are decentralized, where every cloud services provider can join. Main idea is that biggest part of worlds information stays in huge centralized data centers. This idea seems nice to me, because big centralized data centers can make censorship of information that we use. Furthermore every small cloud provider can be competitive to the dominant player on the market. Idea like that can really make the web decentralized again (yes, this sounds like the Trump and BTG's slogan). In this network every resource provider will accept RLC token as a payment. To access the iExec resources as a user you have to use RLC tokens too, on pay-as-you-go basis. Payment between users and resources with RLC tokens creates a one closed circle. Things that bothers me is that serious cloud service providers will hard accept to work only for RLC tokens, which are not stable yet. Second thing is that iExec is another blockchain technology that uses Ethereum's network. We all know about serious Ethereum's scalable problems. RLC token already trades on Bittrex, HitBTC and Liqui market, which means that other serious exchanges may accept it too. By 2017 global cloud service providers are expected to generate approximately $235 billion of revenue from cloud computing services, so if iExec will succeeds to create own community and attract permanent users their market cap and token price can be multiplied several times.
Price at the moment: 1 RLC = $0.671788
Market Cap: $53,118,810
Circulating Supply: 79,070,793 RLC
Max Supply: 86,999,785 RLC
Official website: https://iex.ec/
2) SmartCash (SMART) - 44.47% / 70th place
SmartCash for the second week in a row is in my perspective. SMART relies on the development of a strong community, which developers named SmartHive teams get 80% of blockchain network rewards and other 20% of rewards goes to the miners. Right now there about 1000 miners around the world according to https://pool.smartcash.cc/ . Biggest part of the community is in Europe. Every user that holds at least 1000 SMART coins will get a reward on 25th day of every month. Rewards for stake holders is 15% of all block rewards. Another interesting thing is that SmartCash implements zero coin protocol, where users can burn their coins and create new ones, what means that every user can remove traces of coins. I read that users bought SmartCash coins in the first month after releasing the network received 400% as a reward.
Price at the moment: 1 SMART = $0.100384
Market Cap: $78,923,590
Circulating Supply: 786,216,824 SMART
Max Supply: 5,000,000,000 SMART
Official website: https://smartcash.cc/#top
3) Edgeless (EDG) - 40.79% / 88th place (In crowdsale yet)
Edgeless says that they are first casino based on Ethereums network, something I am not sure about. According to paid press release in CoinTelegraph:
"Edgeless.io is tackling the problem with its blockchain-based casino that will allow players to verify games at every stage of play. Edgeless are combining this with an amazing 0% house edge in the hope of building trust back into the system."
In official website Edgeless presented four type of games that they will serve - Black Jack, Dice, Poker and Sport Betting. This means that it's more like а blockchain PokerStars than as a casino with roulette and machines. This sounds good because it can get their part on the fair gamble games. The official website do not provide a lot of information. There is not even there a white paper.
Official crowdsalte domain throws an error.
Price at the moment: 1 EDG = $0.632510
Market Cap: $51,895,098
Circulating Supply: 82,046,288 EDG
Max Supply: 132,046,997 EDG
Official website: https://edgeless.io/#!/index
4) Status (SNT) - 40.57% / 50th place
With Status your mobile device becomes a light client node on the Ethereum Network, enabling you to access Ethereum’s entire ecosystem from anywhere. Through Status users can join applications like Aragon, Gnosis etc. Still in Alpha version.
Price at the moment: 1 SNT = $0.036446
Market Cap: $126,483,864
Circulating Supply: 3,470,483,788 SNT
Max Supply: 6,804,870,174 SNT
5) Bitcoin Cash (BCH) - 38.40% / 4th place
A lot of people thought and still think that Bitcoin Cash will die, and only time will show. Interesting is that after price were down at 300$ for single BCH and almost no mining power there, now price again jumps high to 472$. For the last couple of weeks miners were mining without any profit. Right now ViaBTC, F2Pool, BTC.top and one anonymous miner are in the game. Тhere are opinions that anonymous miner is trying to kill the Bitcoin Cash as he mines at a loss a lot of time, because when there is no profit he still mines.
Price at the moment: 1 BCH = $472.36
Market Cap: $7,911,902,992
Circulating Supply: 16,749,838 BCH
Max Supply: 21,000,000 BCH
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