Markets are creeping up; Monero, OmiseGO, VeChain and Neo improving.
Crypto markets are still a little sluggish this morning but the good news is that they have not fallen back again. Very minor gains have been made on the day keeping total market capitalization above $235 billion.
Bitcoin has yet to make a move and is still trading around the same level, up half a percent to $7,280 at the moment. BTC has slowly been moving higher from its double bottom reversal pattern. Ethereum really is having a hard time at the moment and has fallen back again, down 1.5% on the day back to $285 where it has been for over a week.
The altcoins are mixed this morning with little movement in either direction. The top ten is showing Litecoin with a 2.6% rise on the day to $66 but Monero is the biggest gainer with an 11% jump to $135. XMR has made good progress over the past week climbing 30% since last Tuesday. A recent bullish endorsement and price prediction by Satis ICO Advisory Research has boosted Monero which is the top coin in the top twenty.
Other altcoins performing well today include VeChain up 10% on the day and Neo climbing 7%. Nem has made 6% and Dash 4% so the altcoins are outperforming Bitcoin at the moment. OmiseGO is on a roll today with a 12% push to $4.85. OMG has suffered heavily in the last month or two crashing over 50% since mid-July. The team is constantly working to improve their product and reach roadmap goals and Omise is actually working with a number of banks and companies across Asia. Some long needed momentum has finally arrived for this altcoin as the eWallet development continues;
Weekly tech check-in, this week from the eWallet team:https://t.co/gBsVHXEflZ
— OMG Network (@omgnetworkhq) September 3, 2018
Huobi currently has the most OMG trade with over 30% and volume has jumped $10 million in the past 24 hours, surging 230%;
— WHALEBOT (@CryptoWhalebot) September 4, 2018
In the top one hundred Komodo and Holo are performing well with over 16% gains and Bitcoin Dark has surged into the charts with 352% on the day though this could be more market cap manipulation. Today’s double digit losers are MOAC and Bitcoin Private, both dropping over 10%.
On the day total crypto market capitalization has made less than one percent and is currently at $237 billion. Buyers are playing the slow game but things seem to have been relatively stable over the past week which has seen $12 billion come back into crypto.
More on OmiseGO can be found here: https://omisego.network/
FOMO Moments is a section that takes a daily look at the top 30 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.