Asian Altcoin Trading Roundup: Top Cryptocurrency is Icon
Crypto markets have leveled off a little this morning, no further gains have been made but the good news is that they haven’t fallen again. Bitcoin has remained at the $9,000 level with no movement in either direction over the past 24 hours. Total market capitalization is marginally up by 1.5% to $352 billion. Altcoins are a mixed bag, some in the green, others losing out a little, the one leading the way at the moment is Icon.
Coinmarketcap is showing a solid 37% gain for ICX which puts it way above its brethren during this morning’s Asian trading session. From $2.75 this time yesterday Icon is up to $3.80 at the moment, a spike that started late in the afternoon in Asia and continued through the Euro and US trading sessions. Over the week ICX has had a great run up 67% from $2.27 to its current level. It has almost regained all losses over the month as it was trading at just over $4 this time last month. In terms of BTC it is trading 36% higher on the day at 41810 satoshis from 30784 this time yesterday. A week ago ICX traded at around 28500 sats so it has seen solid gains against Bitcoin also.
The news that South Korea’s leading exchange Bithumb would be listing ICX and offering an airdrop of 50,000 tokens sent the altcoin skywards around 20 hours ago. NewsBTC reported that the exchange is launching an ICON airdrop from March 21 to 25 exclusively for members who trade over a million KRW. Icon, which has been dubbed the ‘Korean Ethereum’, has also been listed on Upbit, another huge exchange in the country, this has added to its upward momentum.
Currently most ICX is traded on Binance which has over 90% of the trade volume. That volume has increased to $260 million in the past 24 hours setting Icon’s market cap at $1.4 billion and 19th position in the charts. Only 400 million ICX are supplied with 386 million currently circulating.
EOS is also having a very good run during this morning’s Asian session, up 17% on the day. All other altcoins are pretty flat at the moment.
More on Icon can be found here: https://www.icon.foundation/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.