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Home Cryptocurrency news

Cryptocurrency Market Update: OmiseGO Volume Surges 230%, Price Spikes 12%

Martin Young by Martin Young
2 years ago
in Cryptocurrency news, Market Wrap
Reading Time: 2min read
omisego
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FOMO Moments

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.

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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%;

OMG/BTC up +6.89% in the last hour! ? ?
Volume has changed 231.70% ?$OMG $BTC
Use me On Telegramhttps://t.co/kcXD8GYxIR pic.twitter.com/W1JldRLtPv

— 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.

Tags: FOMOmoneroOMGOmiseGOXMR
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Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

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