Cryptocurrency update: VeChain Pumped on the Chinese vaccine monitoring proposal

Markets are slowly healing this Friday; VeChain, XRP, Lisk and ontology are going well.

This year the markets are still slowly recovering from the lower levels as we approach another weekend in encrypted land. Total market capitalization is increasing in volume and exceeds $ 210 billion, but it still shows no signs of sustained recovery.

Bitcoin maintained the support level of $ 6,400 and rose 1.3% on the day to just under $ 6,500. The next main resistance point for BTC is $ 6,600 and the signals are somewhat bullish at the moment. Ethereum has recovered to $ 300 and 3% more per day. ETH is also ready for further implications, as is the case on Friday.

Altcoins are mostly in the green at the moment with some earning more than others. In the top ten, Ripple's XRP is making the most progress with a 10% jump on the day to trade at $ 0.320. However, in the week, XRP lost 7.5% and declined in the last six months. Monero is also recording a good rebound with 5.8% to $ 96, the rest being around 2-3% more per day. Ethereum Classic actually dropped 2.5% a day back to $ 13.70. Even Lisk continues to rise, with an increase of 17% in the day to just over $ 4.

The first twenty see gains of 5-6% for Iota, Tron, Neo and OmiseGO as digital wounds slowly begin to heal . VeChain is the coin of the day however with a monumental pump of 38% to $ 0.0144. The peak is probably derived from a Nasdaq article that relates to VeChain's announcement of a blockchain vaccine tracking solution for China. The Chinese government has not officially approved VeChain, however the development is positive for the altcoin that has been hard hit recently.

The VET is currently trading almost exclusively on Binance which has over 95% of the total volume. Trade volume has also increased from $ 30 million to $ 85 million in the last 24 hours. The IFP almost regained all losses in the last month when it fell 50% to a minimum of $ 0.0065 three days ago.

The only altcoin that outperforms VeChain in the first hundred is Cortex pumping 48%, Populous, Pundi X, Ontology and even Nano is going well with over 30% earned in the day. Total cryptocurrency reached nearly 3% in 24 hours at $ 213 billion and trading volume increased slightly. There is still a long way to go before we can start talking about a real recovery.

More information on VeChain can be found here: https://www.vechain.org/

FOMO Moments is a section that takes a daily look at the 25 main altcoins during the current trading session and analyzes the best , looking for trends and possible bases.

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