Crypto land is recovering slightly; 0x, Tezos, Digibyte and TenX on the up, VeChain suffering.
Monday morning in crypto land is developing into a green one for a change as markets rebound from weekend losses. Total market capitalization has crept back over $250 billion and signals are turning bullish.
Bitcoin is up just two percent to $6,470, breaking a key resistance level at $6,450. There are positive signals for BTC as it approaches the next level of support. Ethereum has done better with a gain of 4.7% to trade at $460 at the time of writing.
Most of the altcoins are generally in the green with the five pumped by Coinbase showing solid gains. According to Coinmarketcap today’s winner in the top 25 is 0x which is trading 10.5% higher. Zero-x is currently trading at $1.16, up from just over a dollar this time yesterday. On the week ZRX has climbed 16.5% from $0.97 this time last Monday, it fell to a weekly low of $0.75 on July 13 before the Coinbase announcement. Over the past month 0z has made 33% gains from $0.85 this time last month. Against BTC it is up 8% on the day to 17750 satoshis and 24% on the week from 14400 satoshis this time last week.
Decentralized exchange protocol 0x has benefitted most from the premise of a Coinbase listing. Binance is taking the majority of the trade volume at the moment with over 50%. That volume has jumped from $23 million to $45 million on the day resulting in a market cap increase to $600 million and a move up the charts to 23rd spot for ZRX.
Other altcoins performing well this morning include Binance Coin up 6%, Tezos climbing 7.8%, and Digibyte with a 18% pump. TenX is also flying at the moment with a 36% spike. VeChain is still having a nightmare losing another 6% in the last 24 hours.
Total crypto market capitalization is up 3.4% to just over $260 billion and trade volume has risen from $9 to $12 billion. A small recovery is on the way but it remains to be seen if it can be sustained throughout the week.
More on 0x can be found here: https://0xproject.com/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.