The starting of the week is not having an awesome response for the crypto markets as the majority of the top 20 cryptocurrencies by market cap have been confronting losses. Almost all the altcoins have encountered a tad dwindling figure although one or two are still making gains.
On September 30, the world’s most famous cryptocurrency, Bitcoin (BTC) had slightly augmented. After that rising, it has started seeing constant losses. Although it somehow traded above $6,600 in the last week, currently it has come down to $6,498. However, it is still up almost 2 percent over the past 7 days, and it has witnessed a very small growth of 0.3 percent in the last 1 day.
Launched in March 2015, NEM (XEM) is currently doing well in the crypto market while the other market leaders like Steller (XLM), Ethereum (ETH) and Ripple (XRP) are coming down gradually. NEM has reached $0.1100 mark by escalating its value against the US dollar by 11.2 percent over the past 24 hours. It has made a large jump with the price gaining around 20 percent over the past 20 days.
On October 1, the price of NEM has witnessed excessive buying pressure. This upsurge is believed to be the consequence of a new partnership announcement that hit the social media platform via Portal Network’s Twitter account. The tweet ensured that Portal Network will build the dedicated NEM name service, which is expected to be a big catalyst for price augmentation for NEM.
On the other hand, Coin Telegraph reported that Ethereum has confronted more losses coming down to 1 percent over the past 24 hours. In the entire last month, it incurred a loss of 23 percent with the present price sticking at $220, according to CoinMarketCap.
As far as the total crypto market is concerned, its entire capitalization has slightly come down on the day to $222 billion. This figure is considered just 1 percent lower than October 1’s level, News BTC noted.
The post NEM’s Value Augments For Second Day While Crypto Market Top Players Struggle appeared first on OWLT Market.
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