Today we have a little pullback, with the market cap at $199,806,715,191 A bit earlier than I thought it would be, but very much expected.
First, let's take a look on our starting eleven:
Everything is green except Bitcoin, who is down to $7324.97 As I said, this is exactly what everyone expected, just not so soon. Bitcoin reached resistance near $7500,00 in various occasions, and wasn’t able to break it.
Is this just a minor calm before the last storm approaching the fork, or a serious correction? We’ll find out very soon.
We have Ethereum classic (wrote about it yesterday) raising with double digits.
And NEM, who was going down for two straight months finally found support at $0,17 (what was previous resistance at 2 occasions) and it’s been going up for the last couple of days.
What is NEM? “It’s a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.” source
Now, let’s see top 10 winners of the day:
Already mentioned Ethereum classic is topping this list.
Then we have Verge, a private coin going up. But as you can see, in the last 6 months, it’s a pump and dump coin before anything else. I’ll stay out.
And Komodo, another private coin who went down after it’s great rally in September is coming back up. But be careful. Although It’s comping up to its September’s value, the volume’s just not here ($41,367,100 in September and just $4,017,790 today).
And now the losers:
Here we have MCAP who presents itself as a “bitcoin growth fund” on top. I’ve never seen a chart so frenetic, so I’ll stay away from it.
And we have our old buddies Groestlcoin, NoLimitCoin and Cardano going through a correction after a good rally.
That’s it for today, I’ll be back tomorrow if I find some 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.