Hey, fellow Steemians and Crypto Lovers!
I am bringing some more content to the table regarding Cryptocurrencies, I am hoping to provide you with a daily overview of the Markets and just a brief explanation of whats going on, I hope it brings you value and some understanding, maybe I might flag something important or helpful for you.
FEEDBACK IS WELCOMED
Please let me know what you guys think and anything I can improve on too, of course, there is always room for improvement 😉
So let's start with the Coin Market Capitalization, we are sitting at a 430 Billion Market Cap, there is still lots of speculation about Cryptocurrencies, a lot of uncertainty, as to what direction we will see the Market go in. A lot of people still feel it can go below $6,000 which would see the Market Cap at around 200 Billion and others believe it will make the climb back up to all-time highs. We can never be sure, so I would love to know your take on it?
TOP GAINERS AND LOSERS
I like to show you the Top 8 Gainers and Losers because it is routine for me to check these and find out how good or bad coins are doing in the Market, you might also like to do the same so why don't I save you the hassle and do it for you 👌
Below we see the Top 8 Coins who gained over 40-100% in the last 24 hours, here is the direct link to check out the WINNER and the rest you can find on Coin Market Caps website.
YAYYY finally the first digital currency for women
Next, we have the TOP 8 Losers who all lost more than 30% in the last 24 hours here is the direct link to check out the BIGGEST LOSER and the rest you can find on Coin Market Caps Website.
TOP 30 COINS
Overall, most coins are sitting in Green today, the Market is stable and the Market Cap is getting over the big drop during the week.
NEWS IN THE CRYPTOWORLD
INDIA WANTS TO CRACK DOWN ON CRYPTOCURRENCIES - It seems that India isn't happy with Digital Currencies and they are trying their best to crack down and make life a lot harder for their Citizens who invest in Crypto. India has been in the headlines a lot recently concerning Cryptocurrencies, with good and bad news Source I guess they could take steps towards regulating it better rather than banning the whole thing and making it illegal, Would love to hear your thoughts?
“People who have made investments [in cryptocurrency] and have not declared income while filing taxes and have not paid tax on the profit earned by investing, we are sending them notices as we feel that it is all taxable”
RUSSIAN SCIENTISTS ARRESTED FOR MINING BITCOIN IN WARHEAD FACILITY- The scientists were arrested after attempting to mine Bitcoin is a top-secret facility using the power from Supercomputer. In order to mine Bitcoin the computer had to be connected to the internet and as soon as it was connected it was flagged to authorities. A failed attempt I would say, maybe stick to mining from home. Source
“There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining,”
Maybe better luck next time? If you had the chance would you give it a go? haha
As always I appreciate your Votes and follows
Lauren xx