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Great pumping day for encrypted markets; EOS steering wheel, XRP, Stellar and Cardano recover well.
Has been a long time. A rebound in the market that translates into a sea of green with most cryptocurrencies earning double digits during the day. Almost double-digit, the total market capitalization gained a solid 14% from its annual minimum over the weekend.
Bitcoin triggered the rally when it climbed more than 10% from $ 3,260 to $ 3,600 before retiring a little. BTC fears that fall to or below $ 3,000 have been very real recently, but managed to get support for $ 3,200 and recover from there. It remains to be seen if this is the beginning of a long-term trend, but a rebound in Bitcoin is good news for the rest.
Ethereum also gained about 10% to $ 95 but being below $ 100 is still a very dangerous territory. Ripple's XRP did better with a gain of 18% at the time of writing. This allowed him to further expand the market capitalization gap with respect to ETH.
EOS is the top performer in the top ten by a factor of two, with an increase of almost 30% on the day that led him to fourth place in the rankings. It seems that there are no specific factors for the moment, but the community nevertheless rejoices. Stellar also had a good day with a 14% climb and the rest of the top ten are in double figures, apart from one. Bitcoin SV did not like the big pump because it only made it a couple of percent.
The best gainers of the first twenty at the time of writing are Cardano, Iota, Neo and Dogecoin with about 13-15% of the day. Tron, Monero, Dash and Ethereum Classic had around 11%, but the rest were single-figure earnings.
Since all the reels were pumping on Tuesday the fomo had been shed. Larger pumps were held with Arbitrage, MobileGo, Revain and Ontology, but the possibility of them occurring soon is high. Only three altcoins were in red among the first hundred at the time of writing; Linkey, Qash and TenX plus a couple of stablecoins.
The total capitalization of the crypt is $ 114 billion, a 10.7% gain over the same period yesterday. The volume of trade increased from about $ 10 billion to $ 17 billion. Almost $ 11 billion has been poured into cryptocurrencies, resulting in a rare day of double-digit green earnings for many of them.
FOMO Moments is a section that takes a daily look at the 20 best live shows during the current trading session and analyzes the best results, looking for trends and possible bases.
