Mooncoin (MOON) Reaches One Day Volume of $1,730.00

Mooncoin (CURRENCY:MOON) traded up 5% against the US dollar during the 1 day period ending at 21:00 PM E.T. on July 22nd. In the last week, Mooncoin has traded 26.2% higher against the US dollar. One Mooncoin coin can now be bought for approximately $0.0000 or 0.00000001 BTC on major exchanges. Mooncoin has a market capitalization of $10.08 million and $1,730.00 worth of Mooncoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

Get Mooncoin alerts: Litecoin (LTC) traded down 0.9% against the dollar and now trades at $83.62 or 0.01122220 BTC. Dogecoin (DOGE) traded 2.4% higher against the dollar and now trades at $0.0035 or 0.00000047 BTC. Bytom (BTM) traded 0.5% lower against the dollar and now trades at $0.35 or 0.00004721 BTC. Verge (XVG) traded down 2% against the dollar and now trades at $0.0228 or 0.00000307 BTC. Polymath (POLY) traded 2.7% lower against the dollar and now trades at $0.37 or 0.00004988 BTC. CyberMiles (CMT) traded down 4.4% against the dollar and now trades at $0.14 or 0.00001936 BTC. Syscoin (SYS) traded 0.2% lower against the dollar and now trades at $0.15 or 0.00002003 BTC. Matrix AI Network (MAN) traded down 1.1% against the dollar and now trades at $0.40 or 0.00005406 BTC. BridgeCoin (BCO) traded down 4.9% against the dollar and now trades at $1.22 or 0.00016409 BTC. GameCredits (GAME) traded 2.4% lower against the dollar and now trades at $0.49 or 0.00006520 BTC.

Mooncoin Coin Profile

Mooncoin (MOON) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was December 30th, 2013. Mooncoin’s total supply is 224,483,383,703 coins. The official website for Mooncoin is www.mooncoin.eco. Mooncoin’s official Twitter account is @mooncoinitalia. The Reddit community for Mooncoin is /r/MoonCoin and the currency’s Github account can be viewed here.

Mooncoin Coin Trading

Mooncoin can be traded on the following cryptocurrency exchanges: CoinExchange. It is usually not possible to purchase alternative cryptocurrencies such as Mooncoin directly using U.S. dollars. Investors seeking to acquire Mooncoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Mooncoin using one of the aforementioned exchanges.

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Apple's Very Long Road to $1 Trillion

Apple Inc.’s (NASDAQ: AAPL) strong earnings led to more conversation about its chances to be the first public company to reach a market cap of $1 trillion. The chances it can get there are long, and getting longer.

At $196, Apple’s shares are at an all-time high. Its market cap is $935 billion, which means if the stock rises 7% it will reach $1 trillion. There is a strong case that, because its stock is up 27% in the past year, and new earnings have only moved it slightly higher, strong earnings news was not enough to convince investors that the sharp share increase deserves another push. As investors sometimes say, all the good news is already out.

And the good news is out, for at least another quarter. The earnings improvement had two legs, one of which is in jeopardy. Revenue from Apple’s services business rose 31% to $9.5 billion. It has become Apple’s second largest business after the iPhone. The growth of this business shows signs of more improvement. The other leg of Apple’s strength was iPhone revenue, which rose 20% to $30 billion. However, iPhone unit sales were only up 1%, so Apple has relied on a higher price per phone to make up the improvement.

iPhone prices are risky to rely on for more revenue. They are already the highest in the industry. Consumers may have reached their limit in terms of what they will pay for a single smartphone. Certainly, the price per iPhone cannot move higher by much more before it reaches $1,000. On the other hand, the market is filled with well-featured smartphones that cost less.

The stock market, and particularly the tech segment, has become a graveyard for investors. Apple may be unable to resist the sector’s share price struggles as Wall Street turns against the belief that a very few huge tech companies can continue to dominate the industry. The assumption has been aggressively questioned by investors in Facebook. Even Amazon’s share price has flattened in recent weeks, despite good earnings.

Finally, the stock market itself could cut the surge of high-flying shares. The large indexes have moved sideways this year. More and more, analysts believe there will be a correction that could be caused by, among other things, a trade war or the growing belief that stock prices have flattened because they cannot be supported by earnings expectations for the balance of the year.

Apple’s shares only have to rise 7% for its market cap to reach $1 trillion, but that may be a very long way to go.

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