This morning, the cryptocurrency market has received a boost and most major digital currencies are trading green! This time last year, Bitcoin (BTC) hit its all-time high, nearing $20,000. 2018 was quite different than 2017 in the cryptocurrency space. Today, we’ll take a closer look at EOS, Litecoin (LTC), and Cardano (ADA).
EOS
The fourth-largest digital currency by total market cap, EOS, is leading the top digital currencies today in most percentage growth. According to CoinMarketCap, EOS is trading at $2.37 a coin, up 21.73%. This time last year, EOS was trading above the $12 mark.
Earlier today, Block.one announced the grand prize winners of their EOS Global Hackathon.
Team GeneOS were selected as the ultimate winners in our marathon #eoshackathon series at the Grand Finale earlier this month. We caught up with them just after the judges announced their decision. https://t.co/DaZkmkNSof
— Block.one (@block_one_) December 17, 2018
GeneOS was crowned the winner!
“It was like a dream to me,” reflected Jens shortly after GeneOS’ triumph had been announced at the EOS Global Hackathon Grand Finale in Cape Town, South Africa. “We had all kind of worked together before but were not really in close contact. I always wanted to do more with blockchain, so this was a great chance for us.”
It remains unknown at this time why EOS is booming today.
Litecoin (LTC)
Litecoin, the seventh-largest digital currency by total market cap, is also trending today. At the time of writing, LTC is trading at $30.06 a share, up 14.89% in 24 hours. Last year around this time, LTC was trading just above $390 a coin.
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There doesn’t seem to be any big news regarding Litecoin either, and it may just be investor confidence that’s driving up the prices of these digital currencies. The latest announcement comes from Charlie Lee’s Twitter page.
You can now book 550,000+ hotels in 210 countries using @Litecoin $LTC. Travel to 82,000+ destinations worldwide on https://t.co/CL8FxAXFXS the next-gen online travel agency@travalacom @SatoshiLite #LTC $AVA @coingatecom @LTCFoundation pic.twitter.com/xvfEh64hix
— Travala.com ✈️ 🏨 (@travalacom) December 16, 2018
Cardano (ADA)
Cardano, the world’s 11th-largest digital currency by total market cap, is also trading high today! At the time of writing, ADA is currently trading at $0.033 a coin, up 13.84% in 24 hours. Last year, ADA was trading at $0.50 a coin.
Charles Hoskinson, Cardano’s co-founder, recently just put up an end-of-year update for Cardno.
Hoskinson often gives video updates on the project every few weeks, and this year the wrap-up was quite a lengthy one. This update may be the reason why ADA is doing so well on the crypto market today. It remains unknown at this time why Litecoin and EOS are booming.
Featured Image: depositphotos/PromesaStudio
