Cosmos (ATOM) is one of the coins featured in our coming altcoin news. As Cosmos surges and goes beyond its regular gains, it surprises a lot of people by inserting itself into the top fifteen of the market cap. This is why we decided to give this altcoin a credit in this week’s news.
The trade volume of ATOM peaked as high as $191 million. As Cosmos surges, there are other questions popping. Specifically, analysts are wondering how much of Cosmos’ numbers can be trusted given that they typically originate from exchanges that are known for inflating volume. The altcoin news also show people wondering how a coin like ATOM can go from an ICO price of 10 cents to five dollars overnight – and wondering if and when will this pump be crashing.
The fact is that Cosmos surges and its trade volume is big. As we can see, crypto platforms like Bibox, Huobi, Hotbit, Upbit and OKEx all processed more than $191 million of ATOM’s volume on Saturday – but were also accused of inflating trade volume in the past – which leaves a lot of dust in this case.
As Cosmos surges, ATOM ranks at #17 on the total cryptocurrency market cap. The price of ATOM initiated at $0.10 and now stands over $5. However, even though the Cosmos gains seem like the coin appeared overnight, its ICO was launched in late 2017 and a large amount of coins had been locked up in a contract until just a few weeks ago.
Much of the coin’s recent growth also came after it was listed on Binance – which is the main reason why Cosmos surges as we speak. Literally, as soon as ATOM was listed on Binance, the coin’s price has jumped by 41% and 64% in a week, accordingly. The 64% growth was recorded in a week as the Cosmos (ATOM) coin climbed from $3,40 to a peak of $5.58 as many best cryptocurrency news sites reported.
The Cosmos gains are still here and visible over the past 24 hours. However, even the most optimistic Cosmos holders are fearing out because a correction has never happened to the coin – and are scared that its price may drop by big percentages overnight. If you want to take a better look at what the Cosmos project is all about and see all of its partnership in the ecosystem, visit this link.
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“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
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“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
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