In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$74,061.00
7.63%$2,624.76
7.43%$187.30
14.46%$582.51
3.91%$1.001
0.08%$0.532823
5.09%$0.199012
16.35%$2,622.62
7.44%$0.163906
1.54%$0.358059
7.77%$4.70
2.10%$3,115.51
7.76%$0.00001892
5.44%$73,893.00
7.57%$26.47
13.01%$2,624.04
7.36%$11.81
11.11%$367.45
8.43%$2.30
18.33%$4.08
5.98%$6.17
1.51%$1.001
0.77%$9.10
29.54%$70.16
7.24%$4.14
9.23%$9.33
11.11%$2,759.77
7.39%$0.00000943
14.36%$524.77
21.10%$7.67
6.62%$1.39
15.05%$162.12
1.55%$0.118436
10.47%$0.096533
4.32%$19.17
6.51%$1.002
0.14%$19.25
1.67%$0.325766
8.29%$1.66
9.55%$161.96
24.60%$2.39
14.31%$1.00
0.01%$38.94
3.83%$0.085394
18.68%$3.61
8.11%$0.523542
8.07%$20.86
22.70%$0.585468
4.86%$1.18
9.04%$4.92
12.42%$1.53
8.81%$4.76
9.11%$0.04961419
11.44%$0.659253
13.85%$5.34
16.69%$0.02150021
8.85%$4.44
9.25%$1.18
2.44%$2,623.59
7.52%$1.59
21.85%$0.385638
8.77%$0.00002217
16.21%$0.150181
9.73%$2,934.44
7.55%$1.019
11.54%$0.00013907
12.68%$0.371509
11.07%$2,745.14
7.31%$1.36
5.27%$0.422435
23.48%$1.19
10.99%$1.90
9.30%$74,114.00
7.80%$8.87
5.18%$9.41
4.55%$1,294.72
14.60%$6.21
8.22%$1.18
22.05%$3.90
18.15%$230.38
14.29%$0.701391
13.24%$0.120117
6.17%$2,691.69
7.39%$15.20
11.15%$50.22
8.11%$73,958.00
7.52%$2.94
9.64%$0.01965648
13.75%$0.090609
15.36%$0.01705108
8.79%$61.04
7.86%$1.29
16.60%$0.325343
8.30%$0.00000085
4.31%$0.532042
8.99%$0.00925771
10.38%$0.999778
0.02%$0.00000209
13.61%$0.867236
30.02%$0.02035553
10.66%$0.873903
8.94%$74,230.00
7.90%$4.90
17.68%$0.379956
9.99%$2,619.50
7.27%$9.71
4.90%$1.002
0.17%$0.00181289
37.43%$0.750997
44.88%$4.79
8.99%$1.015
0.66%$73,822.00
7.41%$34.24
8.88%$196.60
14.51%$0.121982
3.97%$0.073719
18.43%$74,058.00
7.62%$9.81
7.73%$24.83
8.34%$1.034
13.12%$0.4472
6.56%$0.00003424
8.40%$0.148155
11.51%$0.01322007
7.35%$2,676.41
-2.50%$1.008
3.90%$0.643846
7.04%$0.997242
0.09%$0.00631176
7.00%$2,624.26
7.43%$0.525315
11.42%$1.37
17.97%$2.06
25.90%$40.47
7.45%$2,694.00
7.44%$0.721454
9.29%$0.251491
7.87%$231.31
11.56%$0.219524
7.81%$2.37
3.85%$0.00839555
9.35%$0.01276406
7.79%$17.05
11.57%$0.00819895
9.85%$0.29769
10.33%$0.060677
8.60%$1.00
0.01%$1.071
3.38%$2,624.50
7.37%$0.078856
1.20%$2,653.05
-3.42%$2,842.99
7.40%$2.74
14.69%$0.00009087
7.20%$0.99695
0.20%$0.133788
12.51%$0.431629
9.98%$1.36
6.34%$0.00000023
12.07%$1.75
9.11%$1.44
12.64%$1.92
16.64%$1.034
12.97%$8.11
8.07%$0.065822
9.19%$188.92
14.13%$2,632.03
7.86%$0.00427042
17.26%$2,622.01
7.25%$0.00000043
3.03%$74,002.00
7.60%$0.210002
7.67%$0.426598
10.39%$0.41573
10.58%$0.02782438
5.01%$0.98586
5.92%$0.054996
7.48%$0.991144
-0.44%$0.114996
7.94%$1.067
0.12%$1.065
-0.14%$96.05
5.91%$22.45
3.22%$2,622.94
7.34%$43.38
9.77%$2,619.70
7.22%$0.00
12.69%$0.130195
7.36%$10.47
12.50%$0.199505
17.36%$1.003
0.15%$3.32
8.57%$0.33912
11.22%$0.03892065
7.30%$7.30
13.62%$0.053527
6.86%$0.99995
0.05%$0.188334
15.94%$3.18
15.62%$0.615042
9.15%$0.00648448
14.86%$2,810.96
7.36%$0.01125107
4.15%$0.682514
8.86%$2,754.58
8.16%$0.06503
4.25%$0.255397
9.78%$0.618999
8.55%$0.762555
0.27%$2,892.17
7.62%$1.48
15.01%$73,706.00
7.39%$2.54
9.36%$0.249538
7.63%$1.29
9.91%$0.00169089
12.94%$0.300427
7.39%$1,484.61
7.50%$0.00369958
5.03%$0.0009106
31.02%$3.55
5.46%$0.426668
9.34%$0.29519
11.47%$1.42
12.15%$0.388746
2.07%$2.29
16.78%$73,964.00
7.42%$73,939.00
7.42%$2,777.78
7.52%$2.89
2.62%$0.02859642
3.83%$0.514187
19.01%$0.00054563
7.59%$3.59
6.57%$22.96
5.87%$0.311314
9.20%$0.01426747
8.74%$0.00078923
14.39%$73,293.00
6.81%$2.77
2.57%$0.314667
10.32%$43.32
20.29%$16.84
9.30%$0.639195
-0.63%$0.087833
14.42%$0.00447571
6.58%$6,247.74
0.11%$0.463545
17.54%An array of niche cryptocurrencies have collapsed in price following the news that Ripple is embroiled in a regulatory battle with the SEC over XRP.
Cryptocurrencies other than Bitcoin are typically referred to as "alt coins," and many of these assets are susceptible to being pulled up or down by major market movements. XRP's price got cut in half following the SEC's announcement of action against Ripple, and many other alt coins are feeling the burn, too.
Take HEDG, the coin that powers Hedge Trade, a place for traders and investors to share their knowledge. Per CoinMarketCap, the HEDG coin is down by over 30% during the last seven days, and fell by 6.36% today. Its market cap is $143 million.
Or ABBC Coin, which trades on small-time exchanges like BitZ, CoinTiger, ZBG and DigiFinex. Despite a near 3% uptick during the last 24 hours, the alt coin's value has dropped by almost 15% during the last week.
Another striking example is Nano, an altcoin that made headlines in the UK earlier this year as a cryptocurrency you could earn while gaming at a bar in the North East of England. During the last week, Nano's price has dropped approximately 11%.
While the general altcoin outlook is pretty bleak, some are rising up against the grain.
For example, SwissBork's CHSB token increased by about 1% in the past day and 57% in the last week. Swissbord, based in Lausanne, Switzerland, aims to decentralize wealth management. And in this crazy market, it kinda has.
It will be interesting to see how the altcoin industry reacts to any further updates from the SEC.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.