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CRYPTO MARKET WRAP STELLAR

Crypto Market Wrap: What Big

Announcement Has Boosted Stellar?
MARTIN YOUNG | MARCH 10, 2019 | 7:00 A M
Crypto markets inching slowly higher; Stellar is moving up, Cardano and NEM not far
behind.

Market Wrap
Crypto markets are slowly inching higher over the weekend indicating a big move could be
bubbling up. Most of the major coins have not done much but larger swings by one or two
has lifted total market cap slightly. It is currently approaching $135 billion and there is
more green than red on the boards this Sunday morning.
Bitcoin made it to an intraday high of $3,985 which is the highest it has been for two
weeks. BTC has since pulled back to $3,950 but it has remained over $3,900 for the past
24 hours and added one percent on the day. The next move is a break above $4,000 which
could come in the next few hours.

Ethereum has made a little back to reach $137 again but gains are marginal and ETH has
done very little for the past few days. XRP is in the same situation and the gap between
the two remains the same as the Ripple tokens trades sideways at $0.312.

The top ten is mostly in the green during today’s Asian trading session. One altcoin
surging above the rest at the time of writing is Stellar which has made 7% on the day. XLM
has reached $0.094 almost equaling its monthly high. Stellar has been one o f the weaker
altcoins over the past few months getting surpassed by its brethren in terms of market
cap. The community is expecting a big announcement at the upcoming Money 20/20
fintech event which could be driving momentum. Bitcoin Cash is the only other altcoin
with a decent gain as it makes almost 3%, the rest are a fraction of a percent off
yesterday’s prices.

There are a couple of movers in the top twenty at the time of writing, namely Cardano
and NEM. ADA has added 5% on the day allowing it to flip Bitcoin SV and take eleventh
spot and NEM has made 7.5%. The rest are pretty immobile with Maker and Ontology
slipping back slightly.

FOMO: Cosmo Coin Climbing

Today’s big pump is Cosmo Coin which was recently added to the supported cryptos on
Samsung’s new Galaxy S10. The Korean cosmetics based token has surged 46% on the day
as it enters the top one hundred. The Cosmee service has been enabled on the Galaxy
wallet which has generated the pump for COSM;

Greetings from Cosmochain,

We are notifying that Cosmee service is currently available through the Galaxy Wallet.

For more details about the announcement, please visit our Facebook
page!https://t.co/pIOcpdFYOD

— Cosmochain(COSM) (@Cosmochain) March 9, 2019

THETA is also getting a boost today as it gets lifted 28% as the run up to mainnet launch
gathers momentum. The only double figure dump is yesterday’s pump, Project PAI
dropping 14% on the day.
 Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has crept up about a billion bucks to $134 billion where
it has remained for the best part of the past 24 hours. Daily volume is still high at $34
billion indicating a further move to the upside could be imminent. Since the same time
last weekend crypto markets have recovered 3% while Bitcoin dominance has fallen to
51.6%.

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the
current trading session and analyses the best-performing ones, looking for trends and
possible fundamentals.

Tags: COSM, Cosmochain, FOMO, market wrap, stellar, XLM

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