Cryptocurrency Market Update: Tezos Jumps 25% as Mainnet Launch Looms

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FOMO Moments

Markets are pretty flat this Saturday; Tezos, Monero, and Nano are having a good start to the weekend.

Crypto markets have remained steady as we enter the weekend. No more gains have been made but they haven’t dumped again either. Total market capitalization has remained above $200 billion for the time being.

Bitcoin has not moved in 24 hours and is still trading at $6,530. It could go back up to $6,600 and either bounce off the resistance level or make a break out. Technical indicators are siding with bearish momentum at the moment. Ethereum has maintained its gains and has added another 4% today to take it to just above $215.

Altcoins are mostly in the green this morning according to Coinmarketcap. The top ten sees Monero out in front with an 9% gain to $122, while Litecoin is up 7% to $58 and Bitcoin Cash has lost out slightly. Further down the list things are pretty flat, Binance Coin is up 5% and Zcash 6%. Nano is doing well today also with a gain of 14% to $2.67.

tezos

Today’s FOMO champion is Tezos which is pumping 25% on the day to trade at $1.62. On the week XTZ has climbed 38% from $1.23 and volume has surged from $2 million to nearly $7 million on the day. Tezos mainnet launch is imminent and Monday will see it go live;

This is driving weekend momentum and Gate.io is getting most of the trade with over 70%. Tezos has made almost 40% on the month when most other altcoins have crumbled. After Tezos and Nano, Maker, Aurora and MOAC are the only other altcoins in double figures at the moment with the three tokens up 10 – 12 percent on the day.

Total crypto market capitalization has crept up about one percent on the day and is currently at $202 billion. Trade volume however as cooled off dropping from $14 to $11 billion. Bitcoin dominance is also falling back a little and is now down to 55.6%.

More on Tezos can be found here: https://www.tezos.com/

FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.

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