NewsCryptocurrency Market Update: Zilliqa (ZIL) Spurts on New Exchange...

Cryptocurrency Market Update: Zilliqa (ZIL) Spurts on New Exchange Listing


FOMO MomentsCrypto land is stagnant, a few altcoins are afloat; Zilliqa, Ethereum Classic, Icon and Bytom.

Markets have remained stable today, which could be considered a good thing because they haven’t plunged any further. There has been very little momentum in the way of a recovery indicating that further losses are likely. Total market capitalization is still below $250 billion with little signs of a rebound.

Bitcoin has remained flat on the day, trading at the same level it was this time yesterday, around $6,100. Trade volume for BTC has declined marginally from $3.4 billion to $3.2 billion and market cap is hovering around $105 billion. Bitcoin dipped to $6k suddenly a few hours ago but found support and did not slide further. Ethereum has had a tough week and has not moved in the past 24 hours, remaining at $435. Ripple, Bitcoin Cash, EOS and Litecoin are marginally up 2-3% but none are showing any real bullish sentiments.

The rest of the altcoins are a mixed bunch as markets remain stagnant for the time being. The only one showing any kind of positive movement at the moment is Zilliqa which is up 8.3% according to Coinmarketcap. ZIL is currently trading at $0.067, marginally up from yesterday’s level of $0.063. Over the past week it has lost 23% and over the month 40% as cryptos have been crushed. Against Bitcoin ZIL is up 8% on the day to 1100 satoshis. On the week however it has lost 15% against BTC falling from 1300 satoshis this time last Thursday.

The short pump has come from a Coinone listing a couple of hours ago;

질리카 (Zilliqa) 상장 안내 / Zilliqa listing announcement

코인원이 질리카 (Zilliqa)를 상장합니다.

– 입출금 가능 시기 : 2018년 06월 28일 오후 12시 (KST)
– 거래 가능 시기 : 2018년 06월 28일 오후 4시 (KST) (예정)

자세한 사항은 코인원 공식홈페이지를 참고해주시기 바랍니다.

— Coinone (@coinone_info) June 28, 2018

ZIL is mostly traded on Binance with 23% of the total volume, followed by Huobi with a similar level. Korean exchanges Upbit and Bithumb share 30% in KRW. Trade volume has remained steady at around $24 million and market cap for Zilliqa is around $500 million ranking this altcoin at 25th in the charts.

Total crypto market capitalization has not moved in the past 24 hours and remains at $246 billion, teetering on the edge of another drop by the looks of things. Daily volume is around $10 billion which is marginally lower than this time last week. Other altcoins showing better than average gains during Asian trade this morning include Ethereum Classic up 5%, Icon with a 4.5% gain on the day, and Bytom climbing 7.6%.

More on Zilliqa can be found here:

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 possible fundamentals.

You might also likeRELATED
Recommended to you