Asian Altcoin Trading Roundup: Top Cryptocurrency is EOS

Asian Altcoin Trading Roundup: Top Cryptocurrency is EOS

FOMO Moments

The good news is that markets have not crashed this morning and total market cap is hovering around $300 billion which is above the last low. The not so good news is that most cryptocurrencies are still in the red and very few have made gains. Bitcoin failed to break resistance at $8,000 and is still trading just below it. This has stalled any momentum that altcoins may have seen during the mornings Asian trading session. A couple are trading in the green though and one performing a little better than the rest at the moment is EOS.

Coinmarketcap reports that EOS is currently trading 11% higher this morning which puts it above all other altcoins in the top 25. The token is trading at $6.12, up from $5.50 this time yesterday; the weekly picture is pretty flat with EOS trading at around the same level this time last Wednesday. Over the past month EOS has fallen quite heavily by 33% from over $9 in late February. In terms of BTC the altcoin is trading 11.5% up at 78065 satoshis, higher than the 69658 sats it was at the same time yesterday. The all-time high for EOS came in mid-January when it reached $18 or 125000 satoshis.


The developer behind the EOS platform, Block.one, reportedly signed agreements for a further $100 million in investments into the blockchain project. Additionally the testnet version of the EOS network will be launching in early April according to Reddit posts. Price action has taken an upswing as a result while most other altcoins are still floundering.

EOS is traded predominantly in South Korea on Bithumb and Upbit which share 55% of the total trade volume. That volume has increased to $924 million in the past 24 hours, putting the market cap of EOS at $4.6 billion. Cardano and Stellar Lumens have been battered in the past two months enabling EOS to overtake them and claim 6th spot in the market cap charts.

The only other altcoins performing well this morning are Tron, Ethereum Classic, Qtum and Binance Coin. Just outside the top 25 is Ontology which has been on a roll for the past few days, ONT is up 47% this morning and is the best performer in the top 100.

More on EOS can be found here:https://eos.io/

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.

27.03.2018 / 21:10 122
Asian Altcoin Trading Roundup: Top Cryptocurrency is Icon Asian Altcoin Trading Roundup: Top
FOMO Moments Crypto markets have leveled off a little this morning, no further gains have been made but the good news is that they havent fallen
Asian Altcoin Trading Roundup: Top Cryptocurrency is Qtum Asian Altcoin Trading Roundup: Top
FOMO Moments Markets are in the green for a second day as cryptocurrencies struggle to claw back heavy losses over the past week. Bitcoin is leading
Asian Altcoin Trading Roundup: Top Cryptocurrency is Lisk Asian Altcoin Trading Roundup: Top
FOMO Moments The crypto market free-fall seems to have stalled for the time being, things are still not looking too pretty though and further dips
Asian Altcoin Trading Roundup: Top Cryptocurrency is Binance Coin Asian Altcoin Trading Roundup: Top
FOMO Moments Markets have been pretty flat during this mornings Asian trading session. Momentum in either direction has been elusive and Bitcoin has
Asian Altcoin Trading Roundup: Top Cryptocurrency is Nem Asian Altcoin Trading Roundup: Top
FOMO Moments Things are not looking pretty this morning and the markets can only be described as a train wreck. The selloff has continued with what
Asian Altcoin Trading Roundup: The Rout Continues Asian Altcoin Trading Roundup: The Rout
FOMO Moments The rout has intensified during this mornings Asian trading session and the bears are fully in control. As was witnessed this time last
Comments (0)
Add a comment
Comment on