Crypto FOMO

Cryptocurrency Market Update: Nano Lifted by New Listing

Martin Young | August 31, 2018 | 9:00 am
Nano
Crypto

Cryptocurrency Market Update: Nano Lifted by New Listing

Martin Young | August 31, 2018 | 9:00 am

FOMO Moments

Markets are still flat on Friday; Monero, Nano, Dogecoin and Waltonchain rising.

Yesterday’s market correction did not accelerate which is good news this Friday in crypto land. Markets have remained stable but are still below $230 billion, many cryptos have not moved over the past 24 hours but a couple of altcoins are lifting off again today.

Bitcoin has remained below $7,000, but only just. It is currently trading at yesterday’s level of $6,980 though the short term uptrend is still intact. Ethereum keeps falling back, but only by one percent on the day to $280 which is still a very low level for the world’s second largest cryptocurrency.

There are only two altcoins in the top ten in the green at the moment. Iota has continued its upward march with a 5.3% gain on the day to $0.722 and EOS is not far behind with a 4% gain to trade at $6.16. The rest are just in the red with losses between half and two percent.

The top twenty is predominantly green with Monero making the biggest move by 7% up to $108. Dash, Neo and VeChain are all posting between 3 and 4 percent gains on the day and the rest are up or down by a very little.

Nano is having a great end to the week with a 20% pump to $3.15. Over the past seven days Nano has made almost 50% gains from $2.13 this time last Friday. A minor listing on Coinbene and the launch of its new Instagram page seems to be driving momentum;

Trade volume has jumped 74% to $47 million, most of which is on Binance which has over 97% of all Nano trade. Dogecoin is having an equally good day, up 19% following on from yesterday’s gains and Icon has made 8.6% back to trade at $0.903. Topping the top one hundred for gains is Waltonchain pumping 27% at the moment as it gets listed on Bithumb.

Getting beat up still is Noah Coin, MOAC and Dentacoin in today’s mixed bag of crypto trading.

Total crypto market capitalization is pretty much at the same level it was this time yesterday, $226 billion. Overnight it dropped to a daily low of $220 billion but has since recovered all losses. Trade volume has remained stable at $13 billion per day at BTC dominance is at 53.3%.

More on Nano can be found here: http://nano.org/en

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.

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NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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