Woke up this morning to a healthy overall cryptocurrency market cap sitting at $89.6 billion and a VERY healthy Bitcoin price, breaking the $2,500 level. With the Bitcoin network upgrade coming up on August 1st, it’s likely we should expect some sort of major price fluctuation — some believe we could see a $400 Bitcoin while others believe we could have a $4,000+ Bitcoin.

One thing is for sure, the market is inflating once again and price are appreciating — be careful buying coins right now, specially altcoins. Many of the altcoins are still discounted from their previous highs, but absolutely nobody knows what will happen on August 1st when the Bitcoin network upgrade happens.

CoinMarketCap

As I’ve been typing this, the market cap has grown about $1.1 billion and BTC Dominance grew from 46.6 to 46.7 %— new capital is definitely flowing into Bitcoin right now, but will we see that flow back into altcoins? Or Bitcoin maximalists buying in because they know something? Very speculative — take everything you read about cryptocurrency with a major grain of salt as we all have vested interests in some regard.

This Week’s Big List of Winners

This is a list I put together of coins that had 20%+ over the past 7-days. About half of them I would recommend really looking into — IOTA, Stratis, Veritaseum, Qtum, Komodo, Nxt, MobileGo, Humaniq, Monaco, & Syndicate. The tokens have been pretty stable through the ups and downs of the volatile cryptocurrency market and I believe they have a chance at succeeding. Whether or not that happens is up to the team behind the projects and how receptive the community is to them.

District0x Initial Coin Offering

Don’t forget to check out the District0x ICO! This project is one of the coolest projects I’ve seen in the space to date. They are creating a new form of governance which allows for internet communities to govern themselves based on bylaws voted in by the communities. Bylaws are voted on by using the district0x Network Token — a staking token. Each participant receives tokens proportional to the amount of ETH they contributed divided by the 600M minted coins. My thoughts are that digital-moguls will begin to emerge from this creative community! ICO page link here.

Thank you for reading today’s cryptocurrency market update! Feel free to share with others to help educate/inform them or follow along for daily updates. I like to include resource links at the bottom of every post to help beginning cryptocurrency enthusiasts get started. Until next time — enjoy your Thursday and happy trading!

Follow CrowdConscious on Medium

Follow CrowdedMind on Steemit

Below are some resources for beginning cryptocurrency enthusiasts or others interested in something new: