Today the market cap is at $196,618,745,537 so now we can pretty much see trends and general directions. It wasn’t actually what most of us expected, but it’s not that surprising either.
First, let's take a look on our starting eleven:
Bitcoin is down to $6339.34 and if it doesn’t find support at $6000 (which is both a very round number and previous resistance) In my opinion we’ll see a serious correction. Which is in fact a good thing, because this crazy rally is unhealthy for a long run. And that is what we are hoping for.
I wrote about Bitcoin cash on various occasions, but I have to write a bit more because it’s unstoppable. What apparently started with ASIC miners and was pushed further with SEGWIT2x fans after the cancellation now became a classic FOMO and who know how high it could go…
And I already wrote about Ethereum Classic which is also having a great month.
The rest of this gang are more or less stable.
Now, let’s see top 10 winners of the day:
Apart from Bitcoin Cash and Ethereum Classic we can see IOTA catching back after yesterday’s slump.
The rest of these coins aren’t really that relevant.
And now the losers:
How many times did we see this. Yesterday’s biggest winner is today’s biggest loser?
I wrote all about MinexCoin yesterday, so you can check it out if you’re interested. Apparently, it was just a post-ICO selloff, and now we are seeing the correction.
Like in the winners section, the rest of this coins are not interesting enough to cover.
All in all, if you are not in Bitcoin Cash, it was a pretty boring day. Especially for cryptos.
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.