28/08/2018/08:30CET
We have a green page on coin360. Lets take a quick look at the market terrain this morning.
Well green we have and it is a nice view.
Dash and Iota are having their time in the sun as some of the stars of the last few days like Nano and Walton take a break.
The big gainers have been:
And the losers:
Of note, the gainers list the only >mill daily volume coins in this list are Dash, and GoChain. Cant say much about GoChain but nice to see Dash getting some love. It deserves it for its humanitarian efforts in sth America. A well organised, easy to use p2p crypto is exactly what populations in countries that have had there local fiat currencies either locally mismanaged or beaten into irrelevance by larger forces need.
Of the losers it is notable to see Namecoin at the top of the list having lost over 30% of its value in the last 24h
Only those that have been around in crypto for some time know what Namecoin is. It was one of the first attemtps to make a functional token for distributed DNS. It is a fork of the #btc code base going back to 2011
from Wikipedia:
On April 18, 2011 Namecoin was introduced by Vinced (Rumored to be Vincent Durham) as a multipurpose and distributed naming system based on bitcoin. It was inspired by the BitDNS discussion on the Bitcointalk forum.[27] WikiLeaks mentioned the project via Twitter in June 2011.[28]
If we were searching for good signs in the market (we are not, there is plenty to choose from - yippee) then the dearth of trade volume in amongst the losers is a good sign.
As always guys, leave comments, have fun and trade safe.