THELOGICALINDIAN - FOMO Moments
Things are not attractive appealing this morning and the markets can alone be declared as a alternation wreck. The selloff has connected with what seems to be a greater faculty of coercion during the Asian trading session. Bitcoin has absent over 10% on the day and all altcoins are additionally hemorrhaging badly. Everything is in the red but one altcoin seems to accept fabricated a bit aback and is absolutely up on yesterday’s prices and that one is Nem.
The absolute bazaar has afford over $50 billion in 24 hours and we are branch aback to February 6 lows again. This time bygone the crypto bazaar was account aloof beneath $400 billion, today it is branch south of $350 billion, aftermost month’s low was at $280 billion. A trifecta of bad account has circuitous the beachcomber of agitation affairs and Asian’s are arch the way.
According to Coinmarketcap about Nem is up 19% on the day. XEM was the affliction assuming altcoin aftermost month, address 50% of its value. Today about it has gone up from $0.29 to $0.35 back all others are still bleeding. Following the Coincheck drudge Nem has been on a bottomward accelerate so this little changeabout is annihilation absolutely to acclamation about. Nem is still at the everyman levels it has been for three months and that trend looks set to abide admitting this little blip.
Nem is traded heavily in Asia with Upbit in KRW and Zaif in JPY arch the way with over 50% of the absolute volume. Its bazaar accommodation currently stands at aloof over $3 billion which puts the altcoin at 13th atom in the charts. Almost $80 actor has been traded in the accomplished 24 hours and it is the alone bread assuming assets today.
Every added altcoin in the top 100 has fallen, those demography the better hit accommodate Cardano, Monero, Iota, VeChain, Qtum, OmiseGO, Nano and Icon. There are some bargains to be had for those that buy the dip.
More on Nem can be begin here: https://nem.io/
FOMO Moments is a area that takes a circadian attending at the top 25 altcoins during the Asian trading affair and analyses the best assuming one, attractive for trends and fundamentals.
