The crypto market is showing signs of very welcomed recovery this Monday morning. The total market capitalization is slowly rising to the desired levels of $400 Billion and is currently at $388.56 Billion. This volume has risen 7.6% from Friday’s low of $361 Billion. Leading the pack in this market recovery are two cryptocurrencies: Tron (TRX) and Bytom (BTM).
Tron (TRX) is currently trading at $0.0818 and up 11.75% in the last 24 hours. Possible reasons for the upward mobility of the token, is the MainNet launch that is now less than 9 days away. Also to remember is that Justin Sun and the Tron foundation had hinted about a Dream Home giveaway to one, or maybe more, lucky TRX fans or HODLers. The exact details of this giveaway have not been announced, but one can only speculate that it is related to the MainNet launch or the token migration on the 21st of June this year.
Looking at Bytom (BTM), the token is currently up 18.41% in 24 hours and currently trading at $0.735. Investigations as to the cause of the sudden spike, yield reports of the project having released a MainNet version of the platform on the 24th of April this year. This version of the MainNet is known as Bytom Mainnet ‘Intelligent’ 1.0.0 version.
The Bytom Blockchain Protocol is an interactive protocol of multiple byte-assets. The mission of Bytom is to bridge the digital world and the physical world, and to build a decentralized network where various digital and physical assets can be registered and exchanged. The goal of Bytom is to become the world’s largest dedicated public blockchain platform, connecting various asset classes to the blockchain, enhancing the liquidity, security, and value of these assets
With regards to the rest of the top 5 coins according to market capitalization on coinmarketcap.com, they are also showing some gains. Bitcoin (BTC) is up 2.09% in 24 hours and currently trading at $8,503. Ethereum (ETH) is also showing some improvements with the King of Smart Contracts currently trading at $714. Ripple (XRP) is up 1.63% and currently trading at $0.70. Bitcoin Cash (BCH) is relatively stable at current levels of $1,265 and up 2% in 24 hours. EOS is also up and by 1.52% in 24 hours. The token is currently trading at $13.86 at the moment of writing this.