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Following two days of selling pressure the markets have stabilized a little and even commenced to build up marginally during the morning’s Asian trading session. Total market capitalization is climbing back towards $450 billion and Bitcoin did not druppel below $9k. It is presently trading up 1% on the day at $9,440. Altcoins are mostly ter the green today spil they forge a recovery from the latest correction. Spil usual one is surging ahead of the pack and today that crypto is Bytecoin.
Coinmarketcap is reporting a 31% build up ter BCN from this time yesterday. The spike began about an hour or two ago spil price hopped to $0.0090 from $0.0068 on Monday. Overheen the week Bytecoin has risen almost 75% from $0.0052 this time last week. During the past 30 days it has performed very well surging almost 300% from $0.0021 this time last month. Against Bitcoin BCN has climbed 30% on the day to 96 satoshis from 74 sats this time yesterday. Monthly gains have bot exceptional with a climb of 210% from 31 satoshis on April 8.
The boost has shoved Bytecoin into the top 25 to 22 nd place where it presently sits. BCN is the very first cryptocurrency based on the CryptoNote technology with an open source code designed for anonymous specie settlement. It joins the growing ranks of privacy based altcoins coming in the crypto-scape. Binance announced a listing Two hours ago which has sent this altcoin skywards on the fomo elevator.
Trade has bot predominated by the few exchanges where this cryptocurrency is presently listed, namely HitBTC and Poloniex. BCN volume has leaped ter the past few hours from $Five.Four million to just overheen $Ten million spil traders rail the upward wave. Its market cap is now $1.Five billion which is 50% higher than this time last week. The increase has carried Bytecoin above Lisk, Edge, and Nano.
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Total crypto market capitalization has regained 3% on the day to $447 billion indicating that the last two days were just a puny correction spil traders took profits. Trade volume for all cryptos has remained sustained at around $25 billion. Other altcoins performing well during the Asian trading session include EOS, VeChain, Icon and Brink.
More on Bytecoin can be found here: https://bytecoin.org/
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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.