Markets are heading upwards; Dash, Iota, GAS and Bytecoin in double figures.
The condition of crypto markets is steadily improving as the week progresses and further gains have been made today. Total market capitalization has been bolstered by an $8 billion cash injection and is now over $225 billion once again.
Bitcoin has led the rally by climbing 3% to $6,930 in one spurt a few hours ago. The next major resistance level is $7k and the charts are indicating that more gains could be on the way. Ethereum is also up 3% on the day but that has only managed to push it to $285 which is still a very low level for the world’s second most popular crypto.
The entire top fifty altcoins are green at the moment with a few making double digit gains according to Coinmarketcap. Iota is the biggest gainer in the top ten with 15% on the day to $0.705. Since last Tuesday MIOTA has climbed 34% from $0.525 and trade volume has tripled to $90 million per day. Momentum has been driven by the release of the Trinity desktop wallet and Japanese tech giant Fujitsu stating that they are “all set to help roll out IOTA as the new protocol standard … to develop and co-create innovative technology together with customers.”Cardano is up 7% and the rest have made 3-4% on the day.
Further down the list Dash is taking off with a 23% surge to $179 in the past 24 hours. The announcement of a strategic partnership with Kripto Mobile to expand Dash’s user base in Latin America has lifted this privacy focused altcoin today. ZB.com is currently taking 60% of the trade volume in Dash which has risen 65% to $330 million.
MAJOR NEWS – @Dashpay has announced an exclusive relationship with @KriptoMobile to provide Latin Americans with an affordable way of acquiring & using #Dash for everyday transactions. Phones are pre-loaded with complete $Dash ecosystem. ???https://t.co/XasBlsqkD1
— Mark Mason (@StayDashy) August 27, 2018
Kripto Mobile co-founder, Luis Sosa, said;
“We are seeing an incredible transition period in Latin America with those who are unbanked, underbanked, or simply do not want to use the traditional banking system. Combining our accessible, affordable phones with Dash’s InstantSend transaction capabilities and low fees will provide a myriad of benefits to these communities.”
Monero, Neo, Zcash, VeChain, 0x and Bytecoin are also enjoying 10% gains on the day. The top altcoin in the top one hundred at the moment after Dash is GAS which has jumped 19% on the day.
Total crypto market capitalization has increased 3.7% on the day to just over $225 billion, its highest level for 18 days. Trade volume has remained steady at around $12 billion and Bitcoin’s dominance has dropped back a little to 53%. Further sustained upwards momentum could be the beginning of the recovery everyone has been waiting for.
More on Dash can be found here: https://www.dash.org/
FOMO Moments is a section that takes a daily look at the top 30 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.