Cryptocurrency Market Update: 0x Surging on Coinbase Pro Listing


FOMO Moments

Markets are in pain and have not recovered; Only 0x is making progress today.

There has been no notable recovery or bounce following yesterday’s 15 billion dollar dump. Markets have remained low and are just over $200 billion total capitalization at the time of writing.

Bitcoin could not make any further gains and has remained at the level it fell to yesterday; $6,290. Further declines could be on the cards and $6k seems to be the target for another bounce off the bottom. Ethereum has also plummeted but has recovered back to just below $200 where it has held after dropping to $188.

Altcoins are all still in the digital ditch and have made no recovery. The top ten is in a bad state with most cryptos back at their lowest levels for the year. EOS has fared the worst with another 2.6% drop on the day following yesterday’s 9% plunge, it is currently trading at $5.19. XRP and Litecoin have pulled back a percent or two but are still very low.

The top twenty is all red again for the second day with Dash and Tezos falling over 2% and the rest losing around one. Ethereum Classic is in a bad shape with a 4.8% drop today below ten dollars to $9.46. Looking at the bigger scene of the top one hundred reveals that HyperCash and Power Ledger have nosedived a further 10% today following yesterday’s rout.

Only one altcoin has made a recovery today and that is 0x which has bounced 17% back to reach $0.770. Daily volume has pumped from $12 to $75 million as ZRX gets listed on Coinbase Pro.

On the week 0x is up 22% and over the past month the DEX protocol based altcoin has made 63% to reach its current level. ZRX has been a little more stable than other altcoins which have pumped and dumped this year.

READ  ICON (ICX) Jumps 25%, ICONLOOP Gets Government Recognition

On the day total crypto market capitalization has remained stable at just over $200 billion. Following a dip to $196 billion 12 hours ago markets have recovered a little but are still $20 billion, or 8%, down from their levels this time last week. The bears are still in full control of the trading direction in crypto land.

FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.



Please enter your comment!
Please enter your name here