Joe Crypto: Look Beyond The Red Sea
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Joe Crypto: Look Beyond The Red Sea

THELOGICALINDIAN - n-a

Today was addition afflictive day on the markets already afresh and it’s mostly red out there over the aftermost 24 hours to 3PM EST. But it’s not as bad as it looks.

For the record, CoinMarketCap has aloof 14 winners in the top 100 bill today and some of those are bald fractions of a percent. Best of the bazaar lost, but best took accessory losses. This is absolutely a slight dip on yesterday’s brackish bazaar in the admirable arrangement of things.

On aboriginal analysis it looks like a massacre, but the bazaar alone absolutely absent $5 billion in the bazaar cap over the aftermost 24 hours. It was $220.19 billion at 3pm yesterday, now it’s at $214.99 billion.

Siacoin Power Move Welcomed

There were winners today as able-bodied and this buck bazaar shines a ablaze on companies that are absolutely accomplishing things rather than artlessly benumbed the crypto wave. Siacoin revoked admission to its blockchain for Bitmain mining rigs bygone and that’s a accessible account for its 8.63% amount hike.

It’s a able acknowledgment from the bazaar and Siacoins’s new bazaar cap of $285.50 actor is one of the few success belief of a arid bazaar today.

Odyssey on the Move

Technically it was askew by Odyssey, which is appropriate bottomward at the basal of the Top 100. It has been abacus austere amount of late, though, and has access on to the arena with a 20.52% addition in the aftermost 24 hours to cap off a 90% acceleration in aloof one week. In the aftermost 30 canicule it has risen by about 250%.

The blockchain technology is a adaptable acquittal service that seems to accept bent the eye and already has a cardinal of partnerships in place. A alternation of badge Airdrops helped get the brawl rolling as well, and now Odyssey is accomplishment the rewards of a solid barrage action and absolute acknowledgment on absolute tech.

This is a bread on the move, in adverse conditions, and it’s absolutely account watching.

Noah Makes Us Nervous

Noah Bread is addition alien that has added a massive bulk of amount in the aftermost 24 hours, 27.76% to be exact. It’s an odd coin, too, as the technology is aimed at Filipino workers across that can use this cryptocurrency to brim Western Union accuse back sending money home.

That seems a alcove bazaar and absolutely not an abstraction that should booty over the trading floor, but it has. Is it a pump and dump? Or are bodies absolutely into the amusing ancillary of the Noah Coin that promises to advice acceptable causes in the Philippines?

XRP Takes Biggest Hit of the Big Guns

There absolutely aren’t any added big winners, it’s that simple. All the big accoutrements absent a little, with XRP demography a cogent 5.29% hit, and a few absent a lot.

Eternal absent 18% of the amount we had doubts about from the alpha in the aftermost 24 hours. We’re not adage it was a pump and dump, but we wouldn’t be too afraid if that amount keeps dipping. Aurora has additionally absent some of the barrage fizz it had aftermost anniversary and it’s boring dipping in value. An 8.61% bead over the aftermost 24 hours agency it’s assault the bazaar for all the amiss reasons.

There weren’t abounding standout losers either and best of the losses are beneath than 5%, so afresh we accept a bazaar that is active accomplishing nothing.

Of course, this could be the eye of the storm; the moment’s blackout afore aggregate goes nuts. Tomorrow could booty us to a blooming and affable land, rather than the Red Sea we face today.

Maybe we should Mosey on bottomward there…

The columnist is not currently invested in agenda assets.