Today’s Crypto market cap (08. November 2017.) - A bipolar market
If you ever wondered what bipolar actually means, just take a look at the crypto market in the last couple of days. And you'll never wonder again. After a couple of days of pretty large pullback, today we reached new highs with the overall market cap at $204,540,110,656 (and rising). That’s why I haven’t wrote more about the pullback yesterday, I thought this may happen.
First, let's take a look on our starting eleven:
Of course, this rise is mostly due to Bitcoin who is back up at $7466.11 We’ll see if it’ll succeed to break the $7500,00 resistance this time. If it does, we’ll have to wait a bit more for the correction.
I wrote about IOTA yesterday, and with more good news coming soon it’s no wonder that it continues to rise.
And finally, Litecoin, or as they call it, silver for Bitcoin’s gold, is going up as well. And by no less than 7%. Pretty respectable. By know you probably know everything there is to know about Litecoin, but those of you who don’t can find out more on their website.
Now, let’s see top 10 winners of the day:
We have Open Trading Network on top. It came on the market just 2 weeks ago. This high price is due to very low circulating supply, compared to total supply. So, if you have some, it seems that now is a good time to cash in a bit of your positions.
Here’s what they say about themselves: “Open Trading Network (OTN) is a global cross-chain trading ecosystem which is aimed to give every market participant a range of products to obtain maximum blockchain guarantees and, at the same time, offers full range of comfort instruments at their disposal. OTN is made to integrate all market makers and asset holders through efficient tokenization. OTN is created to provide easy-to-use products for mass-market and interfaces for regulators. OTN is built to be open and unite everyone in a single trading space. In other words, we aim to create an accessible global cross-chain market where everyone is connected and empowered.
Our path is different. We aim to build a product-first solution. This means every step of our roadmap is made for people to try and use immediately. This is possible as we have partnerships with strong market players and already have enough financial support to handle development and marketing.” source
And there’s EOS, that I wrote about a few days ago and Qtum, “The Blockchain Made Ready for Business” going back up. Keep your eye on Qtum.
And now the losers:
Power Ledger has been on the market for just 5 days, so it’s much too soon for to analyze it. Seems like a usual post ICO sell out. We’ll see where it’s gonna be in a couple of weeks, volume wise.
And we have our buddies ZCoin, Verge and Comodo who were going up last couple of days, going through a correction. I wrote about all of them in the recent past.
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.