Crypto Market Update: Ethereum Increases Gap Over XRP to $2 Billion

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FOMO Moments

Crypto markets moving slowly; Ethereum extending the lead over XRP, Tron is flying.

Crypto markets have gained marginally as we start the weekend but things are generally mixed for individual coins and tokens. Total market capitalization has remained above $130 billion but has not moved a great deal over the past 24 hours.

Bitcoin has been pretty flat over the past day but is up a tiny bit on yesterday’s levels trading at $3,870 at the time of writing. Volume has increased again back to over $5 billion indicating more gains could be forthcoming. BTC is down a little on last weekend’s prices but the difference is negligible.

Ethereum is accelerating away from XRP in third and the gap is now almost $2 billion in market cap. ETH reached an intraday high of $160 before pulling back slightly, at the moment it is still up over one percent to $158. Conversely XRP has fallen 1.8% back to $0.357.

The top ten crypto assets are generally mixed with more red than green showing during the Asian trading session this Saturday. Bitcoin Cash continues its slide south of $160 with another 3% lost today. Tron is the biggest gainer with over 8% made at the time of writing, momentum coming from Binance including BitTorrent’s BTT token on its Launchpad and ETH gaming developer EtherGoo switching over to the Tron network.

The top twenty altcoins are also a mixed bag at the moment. Binance Coin and Monero are making small gains while Iota and Zcash are falling back a little. The rest are not really moving much with less than a percent difference from yesterday’s prices.

Yesterday’s fomo pump is still pumping today as REPO adds another 40% and makes it into the top 70 cryptocurrencies. DEX is still pumping and dumping with a similar gain on the day and Dentacoin has also made over 20% today. Getting the red end of the stick in the top one hundred is Holo dropping 9% at the time of writing.

Total crypto market capitalization has not moved a lot since yesterday and is currently at $132 billion after reaching a low of $128 billion last night. Trade volume is up marginally to $16 billion but a sideways channel seems to be forming at this level. Markets have been pretty flat all week but are up almost 5% on the same time last month.

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

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