The market cap is at enormous $221,444,540,014 and Bitcoin is increasing its dominance (56.4%). So, the market is reacting exactly as expected. If we don’t hear any big news to stop it, I think it’ll go really high this time.
First, let's take a look on our starting eleven:
Bitcoin continues to grow 4-5% every day. Think about that. 4-5% EVERY DAY! People are usually happy if they see that kind of return after a year. Current price is $7484.22 and the volume is increasing heavily.
IOTA is unstoppable these days with the growth of 18.19% in the last 24 hours. I wrote about the reasons yesterday, and for the same reasons I think we’ll see it past its all time highs before the correction.
The rest of the gang are pretty much stable, except Bcash. But that isn’t surprising anybody. At least I hope so.
Now, let’s see top 10 winners of the day:
Pretty much the same names we saw in the last couple of days. IOTA, Lisk, Qtum and Hshare.
The winner of the day is BitBay, here’s how they present themselves: “BitBay allows people to trade online safely and securely, by running their own decentralized market. This means savings for both sellers and buyers, by cutting out the middle man. Product and services can be listed for free and traded under unbreakable contracts. Welcome to the future of online trade!”.
I say it’s good, but do we really need a special coin for this?
And now the losers:
No big names here, except the fake Bitcoin (Bcash). But we can also see some of the last days winners like Open Trading Network and Singular DTV.
And I see one of my holdings, Syscoin here. He’s struggling to find support at $0.20 for some time now. Anyhow, it’s a unique fintech asset that offers much more than simple currency transfer. Syscoin provide an entire marketplace ecosystem built around the SYS token but cross-compatible with Bitcoin (BTC) as well.
That’s it for today, I’ll be back tomorrow with more interesting movements on the market.
Until then, STAY SAFE AND HODL!
Source: Coin Market Cap
DISCLAIMER: I am not a financial advisor. All thoughts in this post are my personal opinion and not a financial advice. You should always do your own research before any investment.