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Markets Maintained Momentum Adding $1 Billion To Market Cap

Daily Market Updates

Markets Maintained Momentum Adding $1 Billion To Market Cap


Wednesday was all smiles as the market made a remarkable recovery from what seemed like a deepening crunch on Tuesday. The return to the winning ways was swift and a typical trait of Cryptoland whether at the upside or downside.

Stimulatingly, on Thursday the momentum was affirmed with some additions. At the time of filing this report at 17:00 GMT+2, the market cap has risen to over $143 billion from yesterday’s $142 billion.

At the ranks and file of the elite coins, there was only one casualty. Though the profits were not colossal, below, Decentraland and Ravencoin posted significant accumulations in figures like 29.53% and 18.05% in that order.

Meanwhile, all the attention of the global Cryptocurrency community is on what is going to happen in India on Friday. The Reserve Bank of India (RBI) tomorrow will outdoor a policy framework to guide the Crypto Industry vis-avis a Supreme Court directive.

Top 10 Standings at 17:00 GMT+2

The biggest pump on the top 10 for the day came from EOS with 4.91%, and the least was 0.03% courtesy XRP. Ether listed the 2nd biggest swell of 0.64 percentage point.

Similarly, Bitcoin Cash improved 0.58% while BTC inflated 0.47%. Binance redeemed itself with 0.38% profit after posting the least win yesterday on top 10.

Stellar Lumen and Tether were at par with a growth rate of 0.25%. Further, Cardano is in the anal of the records as the second least extension for the day when it clinched 0.18%

Gee! It appears EOS has silenced Litecoin as the Silver of Bitcoin sank today for the first time in many days. It went down with an insignificant point of 0.06%

It wasn’t the best of the best days of the uppermost coins, but the rest of the markets saved the day with an expansion of the market cap. Until tomorrow, enjoy your profits. Markets Maintain Momentum Adding $1 Billion To Market Cap

Frisco d'Anconia

Frisco d'Anconia is a journalist by profession and a Free Market Policy analyst. Through Africa Youth Peace Call which he founded in 1997, more than 2000 African youth were educated in Free Markets Economics and entrepreneurship. Many of these people have moved on to start businesses and institutions to advocate for market reforms in Africa. In 2007, he won the 1st Prize of the Mont Pelerin Society Essay Competition for Africans under 30 with an essay on Ghana's Telecommunication Liberalization. This man single-handedly brought Bitcoin/Cryptocurrency and Libertarianism to his native Ghana. Since 2011, he has been spreading Blockchain technologies in Ghana through his Liberty and Entrepreneurship Camps. He has written for the Cointelegraph, CryptoCoinsNews, Core Media, Bitcoinchaser and others with the pen name Frisco d'Anconia. From 2016, he is travelling through Africa promoting and writing about Blockchain technologies and its communities for the Crypto journals. So far the Cryptotraveler/Cryptovagabond as he's popularly known has been to 22 African Countries attending conferences, organising Meet-ups and promoting Blockchain Projects. He lives on, and solely earns Crypto and has no bank account. He ardently holds that Blockchain technologies are the answer to Africa's copious malaise. Currently, Mauritius is his base where he runs Qubitica LTD, a Blockchain Company as CEO, and as the Managing Editor of QBITtimes. His interests are Economic Freedom in the world, Fintech, writing, teaching, travelling and children, and has two beautiful daughters.

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