NEO, Tether, Dash, Monero, Ethereum Classic; June 12

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Crypto price analysis: NEO, Tether, Dash, Monero, Ethereum Classic; June 12 13700

The crypto market had taken a serious beating over the last 3 days. The crash was so severe that the overall market cap was reduced from $340 billion to $291 billion. Most coins had reduced by 10% to 15% over the span of time.

However, one good thing for the crypto market as a result of the crash is that crypto exchanges were flooded by millions of buyers. They were trying to grab their preferred cryptos at a cheaper price. The resultant, the 24-hour trading volume found a hike from $12.49 billion to $20.16 billion!

Today, it seems as though the bear has taken a time out, due to which the coins are slightly finding a hold on their price. Some coins have also taken a huge leap, thereby surprising the market by striking gold! Let’s look into how some of the coins have performed over the last 24 hours.

NEO (NEO)

NEO has had a decent run today compared to the last 3 days. Though its day didn’t start as it expected, the NEO community would still welcome coin’s growth during the later part of the day. At 1:44 UTC, the coin found a steady upward curve, which took the coin up to $46.44.

Since then, it has slightly reduced in value, but held stability for the major part of the day. Currently, it is trading at $44.55, which is a 0.87% loss over the last 24 hours. It is actively trading hands despite the slightly downward curve.

Price: $44.55

Market cap: $2.895 billion

24 hour volume: $90.508 million

Loss: 0.87%

Crypto price analysis: NEO, Tether, Dash, Monero, Ethereum Classic; June 12-BC FOCUS

Tether (USDT)

Tether (USDT) had a few low moments today where it slipped down to $0.993 and $0.991. However, as we all know, Tether doesn’t let the variations around it to affect its value much. Tether price varies by small amounts pretty frequently, but it doesn’t affect its value by much.

Currently it is trading at a price of $1.01. However, its value against the Bitcoin has reduced by 0.73%.

Price: $1.01

Market cap: $2.522 billion

24 hour volume: $2.498 billion

Gain: 0.23%

Crypto price analysis: NEO, Tether, Dash, Monero, Ethereum Classic; June 12-BC FOCUS

Dash (DASH)

Dash (DASH) has proved time and again that it is one of the most reliable cryptocurrencies. A proof of this is that the coin is changing hands as always, irrespective of its gains and losses.

Though the coin reduced by a substantial margin over the last 3 days, it has stabilised today and found itself on an upward graph. The gain of the coin is 1.73%, which has in turn, propelled its value against Bitcoin (BTC) by 0.89%. Good for the community, the coin has ben steadily increasing in value over the last 8 hours.

Price: $275.72

Market cap: $2.236 billion

24 hour volume: $67.458 million

Gain: 1.73%

Crypto price analysis: NEO, Tether, Dash, Monero, Ethereum Classic; June 12-BC FOCUS

Monero (XMR)

Monero (XMR) is finding it very hard to stick to the bullish market. As seen from its graph, it is creating steep peaks, which means that it is quickly hiking in price and crashing shortly after.

The margin between $135 to $140 has been the breaking point for Monero. Over the last 24 hours, it crossed $135 a whopping 7 times and failed to make it to $140 all 7 times. If the coin makes it past $140, the chances of it gaining another $10 soon are on the charts.

Price: $134.64

Market cap: $2.170 billion

24 hour volume: $31.29 million

Loss: 2.74%

Crypto price analysis: NEO, Tether, Dash, Monero, Ethereum Classic; June 12-BC FOCUS

Ethereum Classic (ETC)

Ethereum Classic (ETC) is the 2nd top gainer of the day, after Loom Network.  However, among the top 50 cryptocurrencies, it is the leader by a huge margin! The total gain of Ethereum Classic today is 26%!

The reason behind the coin’s massive hike is that the popular crypto exchange Coinbase, has included it on its list of cryptocurrencies. As a resultant, the coin saw a hike from $12.88 to $16.15 within a span of just 45 minutes!

Resultant of the hike, the coin trade on exchanges has more than quadrupled. It has increased from $126 million to $551 million over the last 12 hours. OKEx and Binance are the top traders of the coin.

Price: $15.11

Market cap: $1.545 billion

24 hour volume: $551.75 million

Gain: 17.83%

Crypto price analysis: NEO, Tether, Dash, Monero, Ethereum Classic; June 12-BC FOCUS

Image via Shutterstock & Coinmarketcap

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