Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing

Neutral Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing

Friday markets are still in decline; Zcash and Stellar opposing the drop, Dogecoin and BAT getting dumped.

Yesterday's decline has continued today though its momentum has slowed a little. Crypto market capitalization has fallen below $215 billion as all hopes of a real recovery have by now evaporated.

Bitcoin has dropped almost a percent on the day taking it back down to $6,440. BTC is still consolidating in a channel between $6,300 and $6,600 where it has been since the end of September. Ethereum is also sliding back from its three week high and has dropped half a percent on the day to $213.

Altcoins are still predominantly red as the selloff continues during the morning's Asian trading session. There is only one beacon of green in the top ten this Friday morning and that is Stellar up over 5% to $0.263. The big airdrop from Blockchain.com appears to be driving momentum for XLM at the moment. The rest of the top ten are falling back with Monero losing the most at 3% to $107.

The top twenty is also completely red aside from Zcash which has made 5.5% to take ZEC to $135. Trade volume has jumped from $110 million to $170 million with the majority of that, over 80%, on Bithumb in KRW at the moment. South Koreans are loading up on ZEC this morning. Maybe all the recent talk of zk-SNARKs has revived interest in this privacy-centric altcoin. Dash is the biggest loser shedding over 4% to $163, and the rest are falling a percent or two from yesterday's levels.

Today's big fomo pump is Eternal Token surging 27% on the day. A patent application appears to be driving XET momentum right now. WAX is also pumping with a 16% gain and Decentraland is up almost 10% on the day. Getting beat up is BAT dropping 10% and Dogecoin falling 8%. Even a Coinbase listing is not enough for altcoins to cling on to their gains these days.

Less than a percent has been dropped from total crypto market capitalization over the past 24 hours. Markets currently stand at just over $214 billion and the sideways channel oscillating between around $190 billion and $225 billion has been intact for over two months now. The bulls are not strong enough to force a breakout just yet as the bears keep pushing them back down. Bitcoin dominance has crept back over 52% once again as altcoins lose their latest gains.

FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.

11/09/2018 / 07:00:19 Source: newsbtc

Crypto | FOMO | Asian trading session | markets | stellar | ZCash | ZEC | | ZEC|Market|BTC
BTC
1 BTC=$5,527.47
XRP
1 XRP=$0.4680
ETH
1 ETH=$177.91
XUC
1 XUC=$3.50
BCH
1 BCH=$368.73
EOS
1 EOS=$4.66

News Feed 50

Ccn Neutral - Fork Wars: Bitcoin Cash Dev. Warns that CoinGeek Will Attack ABC read more.
11/15/2018 / 21:50:58
Bitcoin.Com Neutral - Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills read more.
11/15/2018 / 21:35:26
Cointelegraph Neutral - Microsoft Releases Cloud-Based Azure Blockchain Development Kit read more.
11/15/2018 / 21:29:00
Cryptoinsider Neutral - Daily Crypto Roundup 11/15/2018 read more.
11/15/2018 / 21:22:49
Themerkle Neutral - BCHABC Price Trends Higher as BCHSV Price Drops by 45% read more.
11/15/2018 / 21:17:32
Themerkle Neutral - Is Bitcoin ABC Really Winning the Bitcoin Cash “Hash War”? read more.
11/15/2018 / 21:02:37
Newsbtc Neutral - Bitcoin Cash War Begins: Hash Power of BCH Increasing Rapidly read more.
11/15/2018 / 21:00:17
Livebitcoinnews Neutral - New Data Shows Ethereum GPU Mining No Longer Profitable read more.
11/15/2018 / 21:00:07
Coindesk Neutral - Binance Warns Iranian Traders to Withdraw Crypto Amid Sanctions read more.
11/15/2018 / 21:00:05
Cryptoglobe Neutral - Yandex Survey: 120,000 People Use Cryptocurrencies in Moscow, Russia read more.
11/15/2018 / 21:00:00
Ccn Neutral - Bitcoin Market Cap Slides Below $100 Billion as BCH Fork Spooks Investors read more.
11/15/2018 / 20:53:01
Ccn Neutral - Moscow Residents are Slowly Warming to Crypto Payments: Study read more.
11/15/2018 / 20:09:59
Bitcoin.Com Neutral - Coinbase Ventures Backs Home Crypto Mining Startup Coinmine read more.
11/15/2018 / 20:05:32
Bitcoinist Neutral - Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018 read more.
11/15/2018 / 20:00:33
Newsbtc Neutral - European Central Bank Exec: Bitcoin is the “Evil Spawn of the Financial Crisis” read more.
11/15/2018 / 20:00:16
Themerkle Neutral - Is the Bitcoin Cash Fork Having a Negative Impact on the Crypto Space? read more.
11/15/2018 / 19:57:51
Trustnodes Neutral - BCH Races Ahead as Roger Ver Saves the Day read more.
11/15/2018 / 19:54:24
Cryptoinsider Neutral - Interview: Anthony Lusardi (ETC Cooperative) on the uniqueness of Ethereum Classic read more.
11/15/2018 / 19:50:56
Cryptoglobe Neutral - BitGo Adds GUSD (Gemini Dollar) read more.
11/15/2018 / 19:30:00
Ccn Neutral - Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath read more.
11/15/2018 / 19:25:41
Bitcoin.Com Neutral - Hash Wars: The Bitcoin Cash Hard Fork Has Begun read more.
11/15/2018 / 19:08:29
Themerkle Negative - Bitcoin Price Watch: Currency Falls to Its Lowest Point in A Year read more.
11/15/2018 / 18:57:43
Cryptoglobe Neutral - Bitcoin Cash (BCH) Fork Makes Bitcoin Mining More Enticing - For Now read more.
11/15/2018 / 18:55:47
Cointelegraph Neutral - After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum read more.
11/15/2018 / 18:53:00
Cryptonewsreview Neutral - Bitcoin Cash fork goes ahead, ABC side is early front runner read more.
11/15/2018 / 18:49:28
Blokt Negative - Bitcoin’s Market Cap Falls Below $100B, Mirrors Crypto Market’s $27.5B Decline In Just 11 Hours read more.
11/15/2018 / 18:44:49
Livebitcoinnews Neutral - Market Value of Bitcoin Falls Below $100 Billion, First Time Since October read more.
11/15/2018 / 18:30:53
Newsbtc Neutral - How Low Can It Go? Bitcoin Settles Below $5,600 as Altcoins Continue to Drop read more.
11/15/2018 / 18:30:49
Ccn Neutral - Breaking: Bitcoin Cash Hard Forks — BCH Hash War Begins read more.
11/15/2018 / 18:16:06
Cryptoglobe Neutral - Prominent Bitcoin Cash Supporter Calvin Ayre Discusses the BCH Fork read more.
11/15/2018 / 18:15:00
Bitcoinmagazine Neutral - Binance Will Support USDC Trading Starting November 17 read more.
11/15/2018 / 18:11:40
Newsbtc Neutral - IMMO Has Denied Rumors of Collaboration With the Rothschilds, and That Is Why We Are Now Surer Than Ever read more.
11/15/2018 / 18:10:38
Coindesk Negative - Bitcoin Cash Just Officially Split Into Two Competing Blockchains read more.
11/15/2018 / 18:05:54
Bitcoin.Com Neutral - Canaan’s Hong Kong Listing Plans in Limbo read more.
11/15/2018 / 18:05:41
Cointelegraph Neutral - European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis' read more.
11/15/2018 / 17:47:00
Cryptonewsreview Neutral - Markets wait with trepidation as Bitcoin Cash fork nears; Bitcoin price hit another 2018 low read more.
11/15/2018 / 17:31:46
Cryptoglobe Neutral - LIVE: Here’s What’s Going on at the Time of BCH’s Hard Fork read more.
11/15/2018 / 17:20:11
Cryptopotato Neutral - #Ethereum Price Analysis Nov.15: Will Support Hold? read more.
11/15/2018 / 17:12:00
Cointelegraph Neutral - Russia: Sberbank CEO Says Industrial Scale Blockchain Adoption Is 1-2 Years Away read more.
11/15/2018 / 17:08:00
Newsbtc Neutral - BitMEX CEO Accurately Called $5,000 Bitcoin in August, Is $2,000 Next? read more.
11/15/2018 / 17:00:56
Bitcoinist Neutral - Ripple (XRP) Overtakes Ethereum as Second Biggest Crypto By Market Cap read more.
11/15/2018 / 17:00:48
Coindesk Neutral - This Bitcoin Skeptic Wants to Make ‘Stable’ Cryptos for Venezuela read more.
11/15/2018 / 17:00:41
Cryptoglobe Neutral - IMF's Deputy General Counsel: Asian Countries Are Eager to 'Unlock Benefits' of Fintech read more.
11/15/2018 / 17:00:00
Ccn Neutral - Bitcoin Cash Hard Fork: How Did We Get Here? read more.
11/15/2018 / 16:59:55
Themerkle Neutral - Bitcoin Unlimited vs Bitcoin ABC vs Bitcoin SV – Node & Economic Support read more.
11/15/2018 / 16:53:55
Cryptoinsider Neutral - Without SWIFT, Iran turns to crypto read more.
11/15/2018 / 16:50:23
Bitcoin.Com Neutral - Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense read more.
11/15/2018 / 16:35:12
Cointelegraph Neutral - Bitcoin’s Breakdown Will Take ‘Weeks, If Not Months’ to Rebound, Says Fundstrat Analyst read more.
11/15/2018 / 16:33:00
Trustnodes Neutral - The Bitcoin Cash Hardfork is Now Imminent read more.
11/15/2018 / 16:31:28
Cryptoglobe Neutral - Bitcoin Cash SV Supporter CoinGeek Hit With DDoS Attack Ahead of Hard Fork read more.
11/15/2018 / 16:30:45
Negative
3.3%
Neutral
95.2%
Positive
1.3%
Mixed
0.1%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.