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 š
So let's start with the Coin Market Capitalization - Yesterday we saw it was sitting at 349 Billion Market Cap and today the Bitcoin has dropped considerably more and most of the Coins are in RED, now the Market Cap sits at 310 Billion nearly 39 Billion less in the Market, not as bad as the previous day.
From an RSI (Relative Strength Index) perspective, this indicator shows that the Market is completely Oversold as the RSI is below 30 indicating a possible trend change where we will see more buyers coming in and at this point, I donāt see why buyers wouldnāt come in with the price so low. This doesnāt mean that the Trend will change and become Bullish but this hopefully shows a Buyers range.
Now, this drop might be scary for some but if you look at it from a different angle you can see it as an opportunity of a lifetime. I have spoken with people who were kicking themselves when Bitcoin hit the 20k Milestone! You should be saying CRYPTOS ON SALE LET'S GO SHOPPING. All I can really say now is here's your chance.
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, maybe you might also like to do the same so why don't I save you the hassle and do it for you š
Below we see the Top 8 Coins who gained over 13% 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
And here is the TOP 8 Losers who lost over 30% in the last 24 hours, here is the direct link to check out the BIGGEST LOSERS and the rest you can find on Coin Market Caps Website
As I mentioned in my previous post understanding why a Coin is Winning or losing and what makes the price fluctuate helps you to make better decisions.
TOP 30 COINS
We see today that it's another RED Day for the TOP 30, however, there are some Coins fighting back, sitting in green for the time being in the last 24 hour.
NEM being one of them and from the Announcements, on Twitter, I found out that they actually just released some information.
ZCash has seen an 8.88% Gain and this was their most recent Announcement
And Status seeing a 17.28% Gain in the last 24 Hours
You will find all of these Social Tweets on Coin Market Caps Website. This is a good way to keep up to date with Coins you are holding and any you are interested in. This can also be found on Twitter and Facebook where they also release, NEWS, UPDATES, and ANNOUNCEMENTS.
POSITIVE NEWS IN THE CRYPTO WORLD
NEW YORK wants a piece of the pie - New York Authorities have given Coinmint the approval to renovate an old area in Massena into a new Mining Facility where they will be installing 180,000 specialized Bitcoin Mining Systems. Providing 150 New Jobs to the locals and boosting the local economy, WIN WIN for the Economy and the People. Source
SINGAPORE AIRLINES LAUNCHES "FIRST" BLOCKCHAIN APP
A program will be introduced called KrisFlyer which will reward Singapore Airlines frequent flyers in Crypto for their loyalty to the company and they can spend their frequent flyer miles anywhere on anything they want.
"Blockchainās entry into civil aviation has accelerated considerably over the past year, with various airlines and airport authorities now studying its uses for increasing efficiency." Source
Blockchain and Cryptocurrency is the future for many companies and more will begin to see this and adopt the technology.
As always I appreciate your Votes and follows
Lauren xx
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