Coinbase’s GDAX exchange clocked a Litecoin high of $252 during February
February 2018 for the Cyrpto Markets proved a tough month although the expressions gloomy and depressing would be not be a fair description although at times the waters got a bit choppy. Especially with the early sell-off in Bitcoin. This pushed the cryptcurrencies to a 10-week low of $276 billion but by the end of the month this figure had risen to $450 billion. However when you compare this with January 2018 it’s a negative picture with an 8.5% drop. It also has to be said that the Crypto Markets recorded a record high of $830 billion in January 2018 and the dip between that and the end of February is 45.78 percent.
Bitcoin (BTC) rallied to ‘V-Shaped’ recovery and Litecon, ranked 5th in the cryptocurrecny market, enjoyed a monthly market gain. Other not so well known cryptocurrencies performed better during the month.
Digixdao (DGD) – Enjoyed a fantastic last week in February 2018 with a rise of 90 percent. The Ethereum – based token jumped a total of 136 percent from January 2018 and hit an all time high of $598 according to CoinMarketCap. In the cryptocurrecny league table DGD now sits in 25th place by per market capitalization which puts it into large-cap terrain. Team DigixDao have a new token called DigixGold (DGX), which is backed by 1 gram of LBMA approved bullion gold for every DGX, in the pipeline. This should be ready by the end of March 2018.
- Monthly performance: +136 percent
- All-time high: $597.66
- Closing price on Feb. 28: $555.44
- Current market price: $559
- Rank as per market capitalization: 25
Litecoin – Coinbase’s GDAX exchange clocked a Litecoin high of $252 during February with investors taking the opportunity to make free money by way of Litecoin cash (LCC). Although Charlie Lee, Litecoin’s founder, did make comments related to how his coin would take over from Bitcoin at the top of the table which no doubt swayed other investors. Plus Litecoin stayed in the forefront of news due to the launch of Litepay
- Monthly performance: +24 percent
- All-time high: $375.29
- Closing price on Feb. 28: $202.9
- Current market price: $208
- Rank as per market capitalization: 5
OmiseGo. From a February low of $7.39 OmiseGo recovered with a 140 + percent swing to end the month in third place amongst the top 25 cyyptocurrencies by market capitalization. OmiseGo’s team now has a Thai partner having signed a contract with Thailand’s government to develop payment and identification systems. OmiseGo is also part of the Ethereum Community Fund (ECF) which includes many Ethereum based projects.
- Monthly performance: +18.3 percent
- All-time high: $28.35
- Closing price on Feb. 28: $18.62
- Current market price: $19.22
- Rank as per market capitalization: 19