Daily Crypto Overview 1-11-2018
Daily Crypto Overview 1-11-2018
As I feared, everyone is panic-selling all of their crypto in response to the news that South Korea could move to ban all cryptocurrency trading within the country. This is a drastic step that is much more overbearing than just banning anonymous trading accounts. I am hoping this is FUD, and I have heard that this is the case from multiple sources, but no one really knows for sure yet.
It is one of the saddest days in crypto that I have experienced for quite some time. 95 out of 100 of the top 100 coins are down today.
BNB (Binance Coin) is the only coin that has a gain in the top 30.
Let's hope that we see a quick recovery, and let's hope that all of the panic selling will quickly come to a halt. Many people will feel very down on themselves if they sold for a low price and the price rebounds.
Top 5 Gains in the Top 100
1. SmartCash- 34 percent gain to $0.618 and a $354 million dollar market cap
2. GXShares- 23.5 percent gain to $9.85 and a $591 million dollar market cap
3. Binance Coin- 20.5 percent gain to $21.06 and a $2.085 billion dollar market cap
4. Augur- 7.4 percent gain to $107.72 and a $1.184 billion dollar market cap
5. Medibloc- 5.4 percent gain to $0.220 and a $654 million dollar market cap
Top 5 Losses in the Top 100
1. Dentacoin- 38.2 percent loss to $0.00252 and an $820 million dollar market cap
2. Dent- 28.5 percent loss to $0.0627 and a $666 million dollar market cap
3. Kin- 24.7 percent loss to $0.000696 and a $526 million dollar market cap
4. Substratum- 22.6 percent loss to $1.92 and a $434 million dollar market cap
5. ICON- 22.1 percent loss to $8.72 and a $3.299 billion dollar market cap
Steem and some of my Favorites
Steem had another dreadful day dropping to $4.41. Steem Dollars followed dropping to $5.51.
Enjin started off strong and then lost steam, dropping to $0.321. MANA fell to $0.174 and EOS remained stagnant losing less than half of a percent, and landed around $11.00.
Today was a disappointing day for crypto, and I hope that it will rebound soon.
What do you think will happen next? A continuation of the bear market, or a reversal? Tell me in the comments.
To the moon,
After Tron dropped 52% and Ripple dropped 41% I bought $2,000 of each. Grow a pair and HODL, everybody!!
Hey all!
I have put together some picks. They are low market cap coins that I believe have great potential for profit. Obviously there is risk and do your own diligence before buying. I am not a financial planner or advisor.
In no particular order:
(Follow me on my new Steemit for daily picks, and have an excellent day!)
Gotta know when to HODL When toSold em When To walk away When to buy the dip you better count your coins
Really hope the cryptos could bounce back soon.
smart cash just rocked the game
BNB coin could fly higher
Everyone stop selling. It will be fine my gosh!
Im dug in for the long haul! All I see is sales.. January sales everywhere!!
time to hold some coin market in red a bit
it is really very important post for me.i think everybody like it..So amazine..
i am holding my coins this has to happen