Bitcoin (BTC)

Bitcoin is edging closer to a market dominance of almost 50% and as the market remains poised to move sharply in either direction, it makes good sense to keep an eye on the price of BTC. The recent price movements caused by speculation regarding the SEC’s ETF rulings show that BTC is still responsive to news developments and the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has announced plans to launch a cryptocurrency platform.

As a result, Bitcoin looks set to remain dominant compared to altcoins, and regardless of the direction the market takes, will remain one of the most resilient coins. This may prove to be a good time to increase the weighting of Bitcoin in your portfolio, and BTC is currently trading at a price of $7,004.

SONM (SNM)

SONM (SNM) is a universal supercomputer with an Ethereum token that rents out spare computing power for video rendering and other intensive tasks. The SONM team are close to launching their Core IaaS livenet and this major release will contain all MVP functionality and additional features launched on the Ethereum live network.

The Infrastructure-as-a-Service (IaaS) layer provides the ability to buy and sell computation resources, and computer resource slots (CPU, RAM, disk, network, and optionally GPU) can also be rented over a period of time.

SNM is currently trading at $0.08.

Binance Coin (BNB)

Binance Coin (BNB) is a token used by the Binance exchange, and the coin enables customers to enjoy reduced fees when trading via BNB. In addition, BNB can be used to pay for exchange, withdrawal and listing fees, and for the first year, there was a 50% discount rate on trading fees, which dropped to 25% in the second year, and halves again in each of the subsequent two years.

BNB continues to perform well and has been a viable hedge for anyone looking to offset the current downturn. BNB has maintained its value compared to BTC and Binance has recently completed a token burn, in addition, the exchange has begun to offer fiat to crypto trading options, and acquired the Trust Wallet.

BNB is currently trading at a price of $13.70.