Altcoins FOMO

Cryptocurrency Market Update: Altcoins Bounce From Yearly Lows

Martin Young | September 13, 2018 | 10:00 am
tech fomo
Altcoins

Cryptocurrency Market Update: Altcoins Bounce From Yearly Lows

Martin Young | September 13, 2018 | 10:00 am

FOMO Moments

Markets have bounced from yesterday’s low, Ethereum, Litecoin, Monero, VeChain recovering.

There has been a bounce back from yesterday’s yearly low and markets have regained a little today. They are still at very low levels, however, failing to climb above $200 billion total capitalization.

Bitcoin, which has survived this rout better than its brethren, has put on 2.8% on the day to trade at $6,450. Market dominance for BTC is at a yearly high also with almost 57% total share. Ethereum has gifted that to its big brother by losing over 25% on the week. ETH has currently regained a little from its nosedive this month and is up almost 11% on the day back to $190. This is still a very low level for Ethereum which has shed over 86% since its all-time high.

Altcoins are all in the green today which is not surprising since they’re all still on the floor. Monero is leading the charge in the top ten by usurping Cardano with a 13% climb on the day to $111. Stellar and Litecoin are both back up over 9% today following huge losses over the past week. EOS is showing the slowest recovery with just over 3% on the day.

In the top twenty VeChain, which has taken a serious battering, is back up 16.5% on the day as VET trades at $0.014. Iota, Tron, Neo and Nem are also clawing back losses with gains of around 9-10 percent at the time of writing. Dogecoin growth has slowed but it has made progress while all others have been smashed. Sitting at 20th spot DOGE has made a whopping 170% over the past 30 days.

The biggest bounce in the top one hundred is by Nano which is up 38% to $2.28 at the moment. Aurora and Decentraland are also doing well with 20 and 37 percent gains respectively and Wanchain and Verge are not far behind them rising 19%.

Total crypto market capitalization has made 5.4% on the day, just under $10 billion, to $196 billion. Since the beginning of September however markets have plunged 15% as a further $40 billion has been lost. The long term bearish down trend is still fully intact.

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 ones, looking for trends and possible fundamentals.

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