Eos and Iota lead market gains in cryptocurrency sector

August 31, 2018
Chris Wheal

Cryptocurrency prices were modestly higher on Friday, with the biggest gainers being those that were the biggest fallers in the previous trading session.

Cryptocurrency prices rise

Iota, which fell around 12% on Thursday, was up more than 5% on Friday, while eos, down around 4% on Thursday, was also up more than 5% on Friday.

On Thursday, Netcoins Holdings, the Canadian crypto brokerage, announced it was listing eos for immediate purchase via its over-the-counter private brokerage service – available at its 21,000 retail locations around the world.

“This gives us one of the most robust coin offerings in Canada, and with EOS complete, we anticipate a steady supply of paid alt coin listings to follow,” chief executive Mark Binns said.

Iota has remained one of the best-performing coins over the week thanks to recent positive news about applications.

“Iota technology proved to be highly practical with many use cases popping up in mobile and automobile industries. This takes the coin above the speculative craze and creates solid foundation for future mass adoption,” said Tanya Abrosimova at FXStreet.

Price round up

Here’s a round up of the price moves of the top 10 cryptocurrencies on Friday morning:

  • Bitcoin +0.3% at $6,976
  • Ethereum -0.1% at $280.30
  • Ripple +0.3% at $0.33
  • Bitcoin cash +1.2% at $544.52
  • Eos +5.4% at $6.16
  • Stellar lumens +0.5% at $0.22
  • Litecoin +0.7% at $60.45
  • Tether -0.1% at $1
  • Cardano +1.1% at $0.10
  • Iota +5.1% at $0.71

 

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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