Hey, fellow Steemians and Crypto Lovers!
I am bringing some more content to the table regarding Cryptocurrencies, I am hoping to provide you with a daily overview of the Markets and just a brief explanation of whats going on, I hope it brings you value and some understanding, maybe I might flag something important or helpful for you.
FEEDBACK IS WELCOMED
Please let me know what you guys think and anything I can improve on too, of course, there is always room for improvement 😉
So let's start with the Coin Market Capitalization, we are sitting at 430 Billion Market Cap, we haven't seen much change over the weekend and what you can see now is what looks to be the end of the correction, the market is sitting where it should be and slowly but surely on the move up, we never know for sure though but when you look at Historical Corrections this seems normal. Let me know what you think about this?
TOP GAINERS AND LOSERS
I like to show you the Top 8 Gainers and Losers because it is routine for me to check these and get a better perspective of the Market, you might also like to do the same so why don't I save you the hassle and do it for you 👌
Below we see the Top 8 Coins who gained over 40-800% in the last 24 hours, here is the direct link to check out the WINNER and the rest you can find on Coin Market Caps website.
UCash is a strange one, it has found it's way onto Coin Market Cap and in the TOP 100 Coins. In the last 24 hours it has grown 800+% going from 0.005 to 0.13 cents since the 10th of February.
Would love to know if anyone has invested in this, I don't know a lot about the Project?
Next, we have the TOP 8 Losers who all lost more than 13% in the last 24 hours here is the direct link to check out the BIGGEST LOSER and the rest you can find on Coin Market Caps Website.
WomenCoin was doing so well last week but it seems there are some issues and I can't seem to view their website, Hmmmm?
TOP 30 COINS
It's a GREEN GREEN day for the Market, as I mentioned before, returning back to normal we see a stable Market not so many big moves up or down.
NEWS IN THE CRYPTOWORLD
PANTERA HAS CONFIDENCE IN BITCOIN- Dan Morehead Founder/CEO of investment and hedge fund Firm has confidence in Bitcoin and Blockchain technology. Even he thinks Bitcoin will start climbing up the ladder again in the next few weeks, he truly believes the Markets will be bullish again and back to normal the way it's starting to look now. Source
“We’re certainly aware that it’s a very speculative market. It’s volatile on the upside, but it can be volatile on the downside. But we’ve had a 64 percent fall from its peak to the trough a couple of days ago and that’s actually exactly the average decline in the Bitcoin market over the last seven bear-market cycles. So—the past doesn’t predict the future—but it seems like this is about the right [correction]. The other stat to note is that it typically has had on average a 71 day bear market and we’re 52 days into this. So it seems like another couple of weeks and everything will be kind of normal and it could start grinding back up.”
ABU DHABI FINANCIAL REGULATOR CONSIDERS CRYPTO FRAMEWORK- Financial Services Regulatory Authority (FSRA) of Abu Dhabi's Global Market are considering CryptoCurrency, they don't recognize it as legal tender YET but they want to establish the international financial sector as friendlier shores for cryptocurrency exchanges and firms. You will see a recurring pattern in all my updates and news, they all want to regulate and legislate Cryptocurrency but what does that mean for the future? Source
Good or Bad what's your thoughts??
“[R]eviewing and considering the development of a robust, risk-appropriate regulatory framework to regulate and supervise activities of virtual currency exchanges and intermediaries. In considering such a framework, the FSRA intends to consult and work closely with industry participants and relevant professional bodies.”
“The FSRA notes that virtual currencies, although not legal tender, are gaining interest globally as a medium of exchange for goods and services.”
BLOCKCHAIN PLATFORM TO HELP HIGH PROFILE ATHLETES- Lately, there is a lot in the News about Expensive Sports Contracts, Sponsorships and advertising and less of the actual sport itself. This great new innovation is trying to remove these barriers and let the athletes do what they do best. SportyCo a decentralized sports funding and investment system has done exactly this, removing the barriers athletes face daily. They announced partnership with Spanish Football Club RCD who play in La Liga and they also claim they have been backed by various elite athletes such as Ronaldhino. Source
"The analogy in their whitepaper details the case of a young tennis player who can’t afford to travel abroad for a big tournament that would play a key part in progressing her career. Through an online campaign, guided by SportyCo staff, she is able to crowdfund enough SportyCo tokens (SPF) to exchange into dollars, attend the tournament and contribute to her ‘rising star’ status. SportyCo will take a cut of the money raised as their administration fee."
Hope you've enjoyed reading today's Daily Crypto News
As always I appreciate your Votes and follows
Lauren xx