The bullish momentum has run out of steam and buying pressure has bot weary this morning te Asia. Crypto markets have corrected slightly and there is more crimson than green on the houtvezelplaat at the uur. Bitcoin has lost almost 2% but is still just above the key $8,000 level. Altcoins have largely retracted a little bit but many of them are holding sustained. Spil usual one is steaming off towards the moon and performing way ahead of its siblings and today that altcoin is Edge.
According to Coinmarketcap XVG went off like a rocket a few hours ago and is presently trading 18% higher on the day. Brink is presently trading at $0.Ten from $0.084 this time yesterday, overheen the week it has posted solid gains rising around 20% te the seven day period. On the monthly chart XVG has hopped overheen 200% from $0.032 this time last month. Against Bitcoin Edge has climbed overheen 20% to 1278 satoshis from 1067 sats this time yesterday. Weekly gains have bot pretty slender however spil Brink traded around the 1220 satoshi level this time last week.
Many are quick to lambaste thesis altcoins on social media but there is no disputing the likes of Brink and Tron have bot some of the better performing cryptos te latest weeks. The current momentum has come from the imminent announcement of Verge’s fresh playmate today. A Medium postbode indicates that the official press release will be made at 10am EST.
Te an unorthodox stir Edge ran a crowd sale to raise funds ter order to secure this fresh partnership however most of the 75 million XVG tokens were donated by the same company, TokenPay. This is a strong indicator spil to who the fresh playmate will be. Either way the altcoin is outperforming all of the surplus during the Asian trading session this morning with the possible exception of Cardano which is doing identically spil well.
Binance has taken the bulk of the trade te XVG overheen the past day with almost 47% of the total. South Korean exchange Upbit has 30% with Bittrex te third with 23% of the total. Trade volume has risen overheen three times from $110 million to around $360 million where it presently stands. Edge has surged back into the top 25 and is presently Legal th with a market cap of $1.Five billion.
Total crypto martet capitalization spil fallen a little overheen the past 24 hours, just under 1% has bot bald off the markets spil the bull run eases off. Presently total market cap is $326 billion. Other altcoins performing well this morning include Cardano which is also up almost 20% on the Huobi listing announcement. EOS, OmiseGO and Populous are all having a good morning te Asia.
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.