The Top 10 digital currency market prices & monthly price movement in August (as at August 23rd 18.17) are: Bitcoin $6,463.60 -16.35%; Ethereum $278.43 -35.45%; Ripple $0.3199 -26.31%; Bitcoin Cash $528.06 – 31.88%; EOS $4.8682 -32.63%; Litecoin $56.30 -28.59%; Cardano $0.0920 -35.02%; Stellar Lumens $0.2154 -22.75%; IOTA $0.5054 -46.54%; Tether $0.9998 0.18%.
The digital currency market
There are over 2,000 tokens, coin and traded cryptocurrencies. The digital currency market is significant and continues to grow as new coins are launched. This article looks at the largest cryptocurrencies and tracks their monthly movement. All the currencies are listed in order of market capitalisation and we are listing prices converted to US dollars.
Digital currency market prices and price movements as at August 23rd 18.17
- Bitcoin (BTCtoUSD) $6,463.60 -16.35%
- Ethereum (ETHtoUSD) $278.43 -35.45%
- Ripple (XRPtoUSD) $0.3199 -26.31%
- Bitcoin Cash (BCHtoUSD) $528.06 – 31.88%
- EOS (EOStoUSD) $4.8682 -32.63%
- Litecoin (LTCtoUSD) $56.30 -28.59%
- Cardano (ADAtoUSD) $0.0920 -35.02%
- Stellar Lumens (XLMtoUSD) $0.2154 -22.75%
- IOTA (MIOTAtoUSD) $0.5054 -46.54%
- Tether (USDTtoUSD) $0.9998 0.18%
Digital currency market commentary
August so far has seen the major cryptocurrencies drop significantly. Double digit percentage drops across the board with the exception of Tether. We saw some big gains for many currencies in July but August is a reversal. Some are still positive over July and August – for example Bitcoin is down 16.35% in August but that’s still not a bigger drop than its gain of 20.95% during July. Others are dropping consistently. IOTA has seen big falls every month in 2018 (with the exception of April) and the frenzy of November and December in 2017 with those huge price gains (167% and 234% respectively) seem longer than eight or nine months ago.
September is going to be interesting. Everyone will be more focused following the summer and investors will begin to make comparisons with what happened in Q4 2017 and take a view on what their investments have achieved over 12 months and maybe make changes to their strategy.
Digital currency market research
At Coin Rivet we’re all about making things simple for the average person and all our news articles, guides and digital currency market information is written in a clear and straightforward way. Part of our understanding about cryptocurrencies involves looking at prices and trends.
This article and associated social media content is not recommending specific currencies, trading platforms or whether you should invest in cryptocurrencies. As an organisation we do not invest in cryptocurrencies and generate our income from advertising. The digital currency market is volatile and cryptocurrency prices can change rapidly in either direction. Do plenty of research if you’re thinking about investing.
In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.
Live Bitcoin prices
Current Bitcoin pricing information and interactive charts are available on our site on this page. As well as detailed information about Bitcoin, latest news links and related guides, current prices of Bitcoin are available in the following currency equivalents:
US Dollar – BTCtoUSD
British Pound Sterling – BTCtoGBP
Japanese Yen – BTCtoJPY
Euro – BTCtoEUR
Australian Dollar – BTCtoAUD
Russian Rouble – BTCtoRUB
Ethereum was launched by Vitalik Buterin on 30th July 2015. He was a researcher and programmer working on Bitcoin Magazine and he initially wrote a white paper in 2013 describing Ethereum. Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy in to his proposal.
Live Ethereum prices
Current Ethereum pricing information and interactive charts are available on our site on this page. As well as detailed information about Ethereum, latest news links and related guides, current prices of Ethereum are available in the following currency equivalents:
US Dollar – ETHtoUSD
British Pound Sterling – ETHtoGBP
Japanese Yen – ETHtoJPY
Euro – ETHtoEUR
Australian Dollar – ETHtoAUD
Russian Rouble – ETHtoRUB
Bitcoin – ETHtoBTC
Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money.
Live Ripple prices
Current Ripple pricing information and interactive charts are available on our site on this page. As well as detailed information about Ripple, latest news links and related guides, current prices of Ripple are available in the following currency equivalents:
US Dollar – XRPtoUSD
British Pound Sterling – XRPtoGBP
Japanese Yen – XRPtoJPY
Euro – XRPtoEUR
Australian Dollar – XRPtoAUD
Russian Rouble – XRPtoRUB
Bitcoin – XRPtoBTC
About Bitcoin Cash
Bitcoin Cash was born out of the idea of making Bitcoin more practical for small day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.
Bitcoin Cash news
Live Bitcoin Cash prices
Current Bitcoin Cash pricing information and interactive charts are available on our site on this page. As well as detailed information about Bitcoin Cash, latest news links and related guides, current prices of Bitcoin Cash are available in the following currency equivalents:
US Dollar – BCHtoUSD
British Pound Sterling – BCHtoGBP
Japanese Yen – BCHtoJPY
Euro – BCHtoEUR
Australian Dollar – BCHtoAUD
Russian Rouble – BCHtoRUB
Bitcoin – BCHtoBTC
The EOSIO platform was developed by private company block.one and released as open source software on 2nd June 2018. One billion tokens are being distributed on the Ethereum blockchain by block.one. EOS is based on a white paper published in 2017 and the CEO of block.one (Brendan Blumer) announced it will be supported with over $1 billion.
Live EOS prices
Current EOS pricing information and interactive charts are available on our site on this page. As well as detailed information about EOS, latest news links and related guides, current prices of EOS are available in the following currency equivalents:
US Dollar – EOStoUSD
British Pound Sterling – EOStoGBP
Japanese Yen – EOStoJPY
Euro – EOStoEUR
Australian Dollar – EOStoAUD
Russian Rouble – EOStoRUB
Bitcoin – EOStoBTC
Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It was a fork of Bitcoin with the main difference being a smaller block generation time, increased maximum number of coins and a different script-based algorithm.
Cardano claims to have tried to change the way cryptocurrencies are designed and developed, balancing the best of the functionality of several cryptocurrencies into one coin. The project began in 2015, the work of a global team of scientists and academics. ADA was released in September 2017.
About Stellar Lumens
Stellar was founded in 2014 by Jed McCaleb and Joyce Kim. At launch it was based on the Ripple protocol but the network eventually forked. Stellar is an open source protocol for exchanging money where servers use the internet to connect to and communicate with other Stellar servers, forming a global value exchange network.
Stellar Lumens news:
The IOTA Foundation was incorporated in Germany as a non-profit corporation. The Foundation is “dedicated to building sustainable ecosystems around IOTA to accelerate its development and commercial adoption as an open source technology”. In November 2017, the Foundation had a US$100 million fund to promote IOTA use.
Tether was issued on the Bitcoin blockchain. In their own words “Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies”. So, the value is meant to mirror that of the US dollar and each unit of Tether is backed by $1 held in reserve. One of the main uses of Tether is to facilitate trading between cryptocurrencies with a rate fixed to the US$ allowing traders to take advantage of trading opportunities.