In a similar pattern to last week, crypto markets are gathering momentum as the week draws to a close. A slight recovery has been made from the profit taking and markets have climbed back over $430 billion. Bitcoin bears could not push the daddy of crypto below $9k and it has risen 3% on the day to $9,350. As a result most of the altcoins are trading in the green on Asian markets this morning. One shooting for the moon today is the same coin we featured yesterday, Zilliqa.
Boosted by a listing on OKEx yesterday, ZIL has continued its pump for the second day. According to Coinmarketcap it has surged 31% over the past 24 hours. Currently trading at $0.21 this altcoin has jumped from $0.15 this time yesterday. Weekly gains have been even more impressive rising 75% from $0.12 this time last Thursday. On the month ZIL has surged an astounding 450% from $0.038 this time last month. Gains against Bitcoin have been solid with 30% on the day to 2290 satoshis from 1700 sats this time yesterday and over the week ZIL has made 74% on BTC rising from 1320 satoshis last Thursday.
The surge in Zilliqa price has been driven by listings on another two major exchanges. This time it is South Korean Bithumb that has made ZIL available to its customers;
— Bithumb (@BithumbOfficial) May 10, 2018
If that wasn’t a big enough boost for the altcoin Upbit has also announced a listing along with an airdrop of ZIL tokens:
Time of Listing: May 10th – 16th
Time of Event: May 30th
— UPbit Translator (@UPbitExchange) May 10, 2018
Currently the action is happening on Binance which has almost 70% of the total trade volume. That volume has risen over 200% from $120 million to $365 million over the past 24 hours. Zilliqa has surged into the top 25 by market cap with $1.5 billion which ranks it at 22nd, above Lisk, Verge, and Nano.
Market capitalization for all cryptos combine has climbed by 4% over the past day and is currently at $436 billion. Trade volume has been steady at $22 billion combined. Other altcoins having a good morning during Asian trade include Bitcoin Cash, VeChain, Binance Coin, and Verge.
More on Zilliqa can be found here: https://www.zilliqa.com/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.