The selloff continues as the week ends in crypto land. Asians are leading the way and dropping their digital currencies for the third day in a row. Bitcoin has lost 8% on the day and has dropped back to just over $10k, altcoins as usual have been hit harder and are all in the red during this morning’s Asian trading session.
We have to go a long way out of the top 25 to find one that is actually up on the day. The only one in the top slot that is even in the green is Nano which we featured yesterday. Still trading higher on news of the app release, Nano is up 3.8% on the day – every other altcoin has fallen.
The next cryptocurrency that is up is DigixDAO, the gold based crypto that seems to do well when all others are falling. DGD is up 4.2% on the day, trading at $318 at the time of writing and has had a very good week gaining 34% from $235 this time last week. The only major difference with this coin is that it is based on a commodity which is why it seems to weather the storms better when all others are plummeting.
There are only 2 million DGD tokens circulating, most of which are traded on Binance which has almost 90% of the total. Market capacity currently stands at $635 million and it is ranked at number 35. $77.5 million has been traded in DGD over the past 24 hours.
All other altcoins are in the red but ones that have not taken such a hit include Ethereum, Neo, Bitcoin Gold, Rchain, and Maker. There are some bargains out there for those that like to buy the dip however the dip could keep dipping throughout the day.
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