Cryptocurrency Market Update: Zilliqa (ZIL) Spurts on New Exchange Listing

FOMO Moments

Crypto land is stagnant, a few altcoins are afloat; Zilliqa, Ethereum Classic, Icon and Bytom.

Markets have remained stable today, which could be considered a good thing because they haven’t plunged any further. There has been very little momentum in the way of a recovery indicating that further losses are likely. Total market capitalization is still below $250 billion with little signs of a rebound.

Bitcoin has remained flat on the day, trading at the same level it was this time yesterday, around $6,100. Trade volume for BTC has declined marginally from $3.4 billion to $3.2 billion and market cap is hovering around $105 billion. Bitcoin dipped to $6k suddenly a few hours ago but found support and did not slide further. Ethereum has had a tough week and has not moved in the past 24 hours, remaining at $435. Ripple, Bitcoin Cash, EOS and Litecoin are marginally up 2-3% but none are showing any real bullish sentiments.

The rest of the altcoins are a mixed bunch as markets remain stagnant for the time being. The only one showing any kind of positive movement at the moment is Zilliqa which is up 8.3% according to Coinmarketcap. ZIL is currently trading at $0.067, marginally up from yesterday’s level of $0.063. Over the past week it has lost 23% and over the month 40% as cryptos have been crushed. Against Bitcoin ZIL is up 8% on the day to 1100 satoshis. On the week however it has lost 15% against BTC falling from 1300 satoshis this time last Thursday.

The short pump has come from a Coinone listing a couple of hours ago;

ZIL is mostly traded on Binance with 23% of the total volume, followed by Huobi with a similar level. Korean exchanges Upbit and Bithumb share 30% in KRW. Trade volume has remained steady at around $24 million and market cap for Zilliqa is around $500 million ranking this altcoin at 25th in the charts.

Total crypto market capitalization has not moved in the past 24 hours and remains at $246 billion, teetering on the edge of another drop by the looks of things. Daily volume is around $10 billion which is marginally lower than this time last week. Other altcoins showing better than average gains during Asian trade this morning include Ethereum Classic up 5%, Icon with a 4.5% gain on the day, and Bytom climbing 7.6%.

More on Zilliqa can be found here:

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

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