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 - Yesterday we saw it was sitting at a low 280 Billion Market Cap, now the Market Cap sits at 377 Billion nearly 100 Billion MORE in the Market hallelujah!!!
From an RSI (Relative Strength Index) perspective, this indicator showed yesterday that the Market was Oversold as the RSI was below 30 which I believe indicated a possible trend change (buyers range) and we see today the Market has crept back up above 30. Whether this indicates a reversal back to a bullish stage is anyone’s guess but I like to use this indicator when reading the charts.
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 90% 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 7 Losers who lost from 1-80% in the last 24 hours, there are only 7 losers today here is the direct link to check out the BIGGEST LOSERS and the rest you can find on Coin Market Caps Website.
E-Coin was sitting at $289 yesterday and today $2.92 it reached 4,000% GAIN in less than 24hours yesterday and today a -87% so watch out for this huge PUMP and DUMPS
TOP 30 COINS
As we see today the grass is greener for our TOP 30 Coins and the Crypto sphere as a whole. Bitcoin is sitting 24% higher at $8,147 and the rest have followed. Phewwww we can all relax a bit now 😅
POSITIVE NEWS FOR CRYPTO WORLD
US Senate Hearing - Securities and Exchange Commissions Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Giancarlo stood before the US Senate Banking Committee and spoke of the future of Government regulations in the Cryptocurrency world. After we heard spooks of US Banning and Sanctioning companies in this industry it comes as a surprise when they said this.
“It strikes me that we owe it to this new generation, to respect their enthusiasm about virtual currencies, with a thoughtful and balanced response, not a dismissive one”
They spoke positively about the Blockchain Technology and how they want to regulate it to protect people from fraud and Ponzi schemes. I'm not sure if this is why the trend has changed in the last 24 hours but it sure helps. Source
AGILITY, IBM, AND MAERSK - BLOCKCHAIN COLLABORATION - In other news, Agility a logistics provider has teamed up with IBM and MAERSK on a Blockchain collaboration according to Coindesk.
"Blockchain technology is going to make shipping cheaper, safer and more reliable. As early adopters, companies like Agility can help Maersk and IBM understand the needs of shippers and develop standards that will make trade more efficient,"
As I have explained previously in other posts, Blockchain Technology is attracting huge companies, they are using this technology to streamline and transform their Business to a whole other level, cutting costs, improved payment methods, no intermediaries, banks or third parties involved using Blockchain, this makes it more efficient for both the Company and their customers. Source
As always I appreciate your Votes and follows
Lauren xx
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