Another unusal day at the market (nothing new here). Although the dip was expected and the market cap of $201,945,422,595 is no call for alarms, something unexpected is happening, with the altcoins.
First, let's take a look on our starting eleven:
Bitcoin broke the $7000 support level (now at $6889.77) and the next logical move would be to dip further down, searching for support at previous resistances. But what’s logical in crypto?
The rest of this gang is pretty much stable in the last 24h, except IOTA which is going through a serious correction after a great run up.
And Bitcoin cash continuing its great rally. Again, mostly due to Corean markets.
Now, let’s see top 10 winners of the day:
We have MinexCoin on top today. And it’s rising since it was listed on the exchange a week ago. Yes, it’s just one exchange and the volume is low. But if you like the coin, you can wait for the post ICO sell-off correction. Here’s what they say about it: “MinexCoin (MNX) is a global payments system based on a low volatility cryptocurrency which is a part of Minex ecosystem. Thanks to its stable exchange rate, MinexCoin is a reliable means of payment, while controllable growth of coin price makes it an attractive means of value storage. Containment of volatility and price growth are maintained by the system’s autonomous algorithm acting like a central bank, hence the name MinexBank. Financial instruments it employs would allow traders to earn from exchange rate margin without damaging the coin’s ecosystem. On the contrary, they would support it.”
And we have previously mentioned Bitcoin Cash and NEM on this list as well.
And now the losers:
We have most of our last days winners moved to this unpopular list today.
Komodo is leading the “on sale” list (what is Komodo?) And we also have Vertcoin and IOTA who were killing it last 2 days cooling off a bit.
I wrote about all of them on various occasions, so I won’t be repeating myself.
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.