Asian Cryptocurrency Trading Roundup: Top Altcoin is VeChain

FOMO Moments

Markets have been pretty grim viewing over the past few days however they have started to show some signs of life during this mornings Asian trading session. Bitcoin has remained above $7,000 and is inching towards $7,200, up 3% on the day. Ethereum is still getting crushed but most of the altcoins are in the green again this morning. One or two are doing exceptionally well and the leader of the moment is VeChain.

According to Coinmarketcap VeChain is trading almost 29% higher this morning, leading the way in the top 25 altcoins. From around $2.27 this time yesterday VEN has jumped to a daily high of $3 before falling back a little to $2.90. Over the week it has remained at around the same level and has remade all losses from its weekly low of $2.15. Against BTC VeChain is up 26% to around 41000 satoshis from a level of 32500 sats this time yesterday. Over the week VEN has climbed around 8% against Bitcoin from a level of around 37850 satoshis this time last week.

The recent spike in Southeast Asia has been caused by a new exchange listing which usually has this effect. According to their Twitter feed VeChain is about to be listed on Bithumb, South Koreas largest exchange.

Asian traders are getting their daily dose of fomo by getting into VEN before the exchange listing. At the moment it is traded predominantly on Binance which has 60% of the daily volume. That trading volume currently stands at $120 million, or 16,780 BTC. VeChain is ranked at 16th in the market cap charts with a total capitalization of $1.5 billion.

Crypto markets as a whole are still very bearish however have risen slightly over the past 24 hours. This time yesterday the total cap was around $259 billion, today it has climbed 2% to $264 billion. Other altcoins enjoying double digit gains in Asia this morning include Nem, Binance Coin, Lisk and Verge.

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

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.

The post Asian Cryptocurrency Trading Roundup: Top Altcoin is VeChain appeared first on NewsBTC.

02.04.2018 / 20:50 125 1
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#1 SitadziMado Ãîñòè 7 May 2018 05:44
Digital economy and industrial sector in real economy

The phrase “digital economy” fell on the first headlines of the media in the mid-2010-ies. The media began actively promoting decentralization, blockchain, crypto- currencies, the Internet of things and other foundations of the “digital economy”.

However, until recently there haven’t been examples of the use of blockchain and other achievements of the “digital economy” in the real production sector. These technologies have gained popularity in the financial sector while the area of production of goods that we use every day, has been left aside. Manufacturers have not yet realized what benefits blockchain and cryptocurrency will bring them, and consumers in the bulk are not aware about such concepts.

However, today we can note examples of successful application of blockchain in the real economy. Wal-Mart, an American company which operates food hypermarkets across the country, uses decentralized data networks to track meat supplies from Asia.

The technology was rolled out in October 2016, and the retailer has already received a real result. Until the time of introduction of the technology, the supply chain, although carefully built, periodically faltered, which is why the retailer could not meet the demand of customers. By use of blockchain, Wal-Mart realized where the “weaknesses” of the chain are, fixed them and made meat supplies more stable.

Yodse ecosystem will allow all production companies to share the experience of Wal-Mart. Companies will get a honed technology for building production chains and marketing product.

website: https://yodse.io