In these days of high crypto volatility, anything can happen. Yesterday, the market surprised us all with the majors all dropping like a rock from a loose overhang. Only Tether was up among the top 10, and Tether shot up like a rocket. Today's story isn't much different.
There are only four gainers in the top 100 as of 2:40 p.m. EST: Crypterium, Metaverse ETP, STASIS EURO, and Dai. Interestingly, starting with Dai, the bottom five of the top eight gainers today are all stablecoins, and Dai is the only gainer among them. This could be a signal that the market is shifting, and we're either staring another bull run in the face or the entire market is about to fall again.
Source: CoinMarketCap
Another interesting tidbit is today's top gainer is Crypterium, a cryptocurrency designed to take on the features of traditional banking. Crypterium wants to be the bank for cryptocurrencies.
Crypto's Biggest Losers Today
To speak of the top 100's biggest losers is almost a joke since the entire market is down. Only four gainers is hardly worth mentioning. But there is something interesting to note about the bottom five. Again, no surprises since anything goes in an age of hyper-volatility. Still, Energi is at the bottom of the heap with a down moment of 29.14 percent.
Source: CoinMarketCap
Energi isn't very well known, for good reason. It's a fork of Dash. It's aim is to be the "digital currency for world adoption." In other words, like every other crypto project, they want to bring cryptocurrencies to the masses. They might as well hang a sign up that reads "we're an also ran that walks."
At the top of the bottom five pile is Algorand.
Algorand is interesting because it's chief aim is to solve the blockchain trilemma. That's no easy task and the fact that they're even going there is itself notable. Another notable is the team leader, an MIT professor and co-inventor of several key cryptocurrency features such as probabilistic encryption, Zero-Knowledge Proofs, and Verifiable Random Functions. Silvio Micali is also a winner of the Turing Award. Algorand is at a crypto to keep your eye on.
Crypto News Makers
Shameless plug: Today's Inside CFO, which I edit, is all about decentralized finance. Check it out!
Kik, fighting a lawsuit with the U.S. Securities and Exchange Commission over its initial coin offering last year for the cryptocurrency Kin, is laying off most of its staff. Bummer.
Binance US is adding five new altcoins to list for traders. This includes Cardano, Stellar, Ethereum Classic, Basic Attention Token, and 0x.
Ethereum expands its blockchain capacity by 25 percent. This should increase the number of transactions per block. That's an upside, but the downside could mean increased congestion as more transactions are processed. Analysts believe Tether's recent migration to the Ethereum blockchain is the culprit behind the increased transaction volume. It would not surprise me to see additional consolidation in the cryptosphere where other coins and tokens leave one blockchain to join another, major, blockchain. If that happens, we'll see Ethereum grow even more.
There's the big news for the day.
Are you looking for someone to manage your blockchain or cryptocurrency project blog? CryptoBloggers is owned by a veteran blogger with more than 10,000 blog posts since 2006. Contact us to get the discussion started.
Posted from CryptoBloggers with SteemPress
The markets sure have been having a hard week. I try and not to pay much attention. It's going be a long ride.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed! Thanks for stopping by, @enjar.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow, what a crash it was yesterday! I bought some just before it, d'oh! Then bought some when it reached the "bottom" supposedly (around 10.2-10.4p).
There may be further downfall though, we're in for a bumpy ride let's put it that way!
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's been a crazy week. I hope it does go down some more. I want to buy more BTC and ETH, but I have to wait until my USD hits the exchange. Did you see that SoFi is now offering crypto trades?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes I think it will and has edged down more. Some are tipping it to go back to 3 figures but I'm waiting out and see what happens now. I've loaded up some steem at these prices, it will likely drop more with BTC falling from the sky.
No I've not come across SoFi?
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was looking for my affiliate code, but can't find it. Anyway, here's the site: https://www.sofi.com/wealth/. They've been business for years as a student loan refinancing company.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It makes me laugh when the "experts" claim its the last time bitcoin will drop below 9k. I bought some steem and tokens yesterday.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good for you. I'm tempted to by some Steem. I haven't bought any in, like, forever. But I may do it yet. I'm definitely getting more ETH and BTC. I hope it goes down some more.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ha ha -- "We're an also ran that walks." It's got to be tough running along behind the parade.
This is pretty much why investing causes my a nervous twitch. Sometimes it seems anything could mean anything. Any signal could mean something great or just the opposite. I'm not sure how anyone involved manages to take enough heartburn medicine to stomach it. That said, it certainly is interesting. I'm not willing to bet my shirt on anything, but it would just be plain silly not to invest in cryptocurrency in some way.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, pretty much.
There are a lot of interesting things going on in crypto. Unfortunately, they're not all investable. In any type of investment, there are going to be risks. Evaluating risk is very difficult, even for seasoned investors. That's why they lose more than they win. A real investor, one who makes a living from their investments, loses money on 9 deals out of 10. But that one winner can make them millions. If you lose $100,000 on 9 deals and make $5 million on one, you're still ahead financially. The key is to diversify your investments so you don't have all your eggs in one basket--because nobody knows which project will be the winner.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That all makes sense! Great perspective. And of course one must have that $100k to invest in order to get enough skin in the game to be in a position to make the millions. I know many people start investing in small chunks and build on that, spreading their investment across several players. Seems like a good way to only invest what you can afford to lose.
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, like with anything, you have to get in at your price point. Accredited investors can invest tends or hundreds of thousands, but they are carefully vetted. Unaccredited investors may only be able to invest hundreds or a few thousand at a time, but the opportunities are endless.
If you like real estate, I recommend Groundfloor. $10 minimum and no limit to the number of deals you can invest in. I'm getting 10%+ on my investments. It's not crypto, but I believe in diversifying.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It took me by surprise! I bought more steem last night! Hope it was the right way to go!
!tip
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Me too. I hope it profits you. :-)
Thanks for the tip.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
And me! I'm sure we'll be grateful for buying up at such cheap prices, it is unreal atm!
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's great to pick up steem now. Lots of people are buying cheap for the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
🎁 Hi @blockurator! You have received 0.1 STEEM tip from @dswigle!
@dswigle wrote lately about: Wednesday Walk In Seasonal Change Feel free to follow @dswigle if you like it :)
Sending tips with @tipU - how to guide :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @blockurator! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi, @blockurator!
You just got a 0.53% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am actually really optimistic about bitcoin. You can see that in the last few years the number of investors who turned to bitcoin increased dramatically. Also, the number of both giant companies like Sfox and smaller brokers like this one https://thejingstock.com/ keep entering the market every day which means there is a demand. Imo there is a bright future for crypto in the next 5-10 years.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit