Cryptocurrency Price Report- Ethereum, EOS, Stellar, Cardano, NEO, Loom Network Major Gainers

Jul 6, 2018
Bitcoin Price Image

While year to date cryptocurrency prices have been on a prolonged bear run, this week has provided investors with a much needed positive price spike. Over the last 7 days, all of the top 10 coins have seen increases in their prices.

Top 10 Coins – Weekly Report

The world’s first and most popular cryptocurrency, Bitcoin, has seen its price rise 11.56% over the last 7 days.

Cardano ADA (+21.61%) saw the greatest surge in price amid speculation of a partnership with Google, following IOHK CEO Charles Hoskinson’s talk at Google’s London offices. Hoskinson quickly put these rumors to rest, tweeting, “One last housekeeping item, as I was running around Japan, I didn’t notice until today lots of Google news floating around. There is no partnership with Google and my presentation with them was over a month ago. It’s old news. Not sure why it’s getting hyped”.

Ethereum (+14.27%), Ripple (+7.89%), Bitcoin Cash (+7.96%), Litecoin (+10.61%), Stellar (+16.3%), and IOTA (+13.52%) all also saw healthy gains over this period.

Just outside of the top 10, the 11th largest coin by market cap, NEO, saw its price rise by 31.37%. News broke on July 4th that the NEO Foundation elected a new consensus node, leading to increased decentralization of the platform.

Top 100 Coins – Weekly Report

Price gains weren’t limited to just the top 10 coins. In fact, 91 of the top 100 coins are up over the last 7 days.

Loom Network (+85.73%) saw the largest 7-day price increase after announcing the first mobile game to run entirely on the blockchain, “Zombie Battleground”.

The project also received publicity from Ethereum Co-Founder Vitalik Buterin who tweeted their announcement – “Plasma Cash Initial Release — Plasma-Backed NFTs Now Available on Loom Network Sidechains“.

0x also saw huge price gains (+65.27%), after being listed on Korean exchange Coinone.

Polymath (+48.42%), Electroneum (+47.33%), KuCoin Shares (+46.41%), Status (+45.5%), Monaco (+44.93%), Gas (+44.28%), Veritaseum (+41.89%), and DigiByte (+40.68%) round out the 10 biggest gainers of the week.

Conclusion

While this period of positive price growth has been great for investors, uncertainty still surrounds the market. Only time will tell whether a prolonged bull run has started or if the market is headed for new yearly lows.

Home » Cryptocurrency News » Cryptocurrency Price Report- Ethereum, EOS, Stellar, Cardano, NEO, Loom Network Major Gainers

Killian McGrath is a Co-Founder of Unhashed.com. He first invested in Bitcoin in 2013. Now his goal is to help educate others about cryptocurrencies and their underlying technologies.

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