THELOGICALINDIAN - FOMO Moments
After several canicule of bullish drive crypto markets accept slid aback already afresh abolishment hopes of any absolute recovery. The selloff started bygone during the US affair and has connected into today as all assets back Friday accept been wiped out. Bitcoin has led the abatement by falling 3.5% on the day to $7,430 and Ethereum has taken a bigger hit bottomward 5.5% to $585. No account has accomplished the fall; it has aloof become an accepted evidence of a alongside market. Altcoins are predictably in the red this morning in Asia, and aloof as predictably the alone one that performs able-bodied during a selloff is DigixDAO.
Everything in the top 25 has plummeted according to Coinmarketcap. To acquisition an altcoin in the blooming we accept to go way bottomward the account to atom 50 area DGD is trading 17% higher. Gold based DigixDAO is currently trading at $165, up from $142 this time yesterday. Over the anniversary it is up 36% from $123 this time aftermost Tuesday. The accomplished ages has not been acceptable for DGD about as it has absent 35% from $260 this time aftermost month. Against Bitcoin it is up 23% on the day to 2267700 satoshis from 1845000 sats this time yesterday. Weekly assets on BTC accept been 31% from 1726000 satoshis this time aftermost week.
Gold backed Ethereum badge DigixDAO consistently seems to baffle the selloff and accomplish able-bodied back all added cryptos are plummeting. In a agnate arrangement to gold against authorization it has become somewhat anticipated and traders are loading up. The Digix Gold Badge DGX was listed on Airswap a few canicule ago but this accepted pump is acceptable to accept been acquired by changed activity on added altcoins.
Binance currently takes the lion’s allotment of DGD barter with about 86% of the absolute volume, best of that in BTC. That aggregate has rocketed up from $1.6 actor to $33 actor over the accomplished 24 hours as investors dump Bitcoin and alts and get into what they apperceive to be a added abiding agenda asset. Currently aloof alfresco the top 50, DigixDAO has a bazaar cap of $330 million.
Total bazaar assets for all cryptos has collapsed for the aboriginal time in about a week. The advancement drive could not be maintained and the bears accept baffled the beasts in this instance. $20 billion has larboard the bazaar in the accomplished 24 hours and things accept collapsed by 5.7% to $332 billion. As we accept apparent abounding times afore 3-4 day’s assets are abandoned in aloof one. All added altcoins are bottomward during Asian barter this morning, those demography the better assault are Bitcoin Cash, EOS, Icon and Lisk.
More on Digix can be begin here: https://digix.global/
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 accessible fundamentals.
