Sustained bullish momentum has pushed crypto markets higher once again during the morning’s Asian trading session. Total market cap is the highest since early March and all cryptocurrencies continue to make solid gains. Bitcoin has increased by 6.5% over the past 24 hours and is currently trading at $8,870. Altcoins have been lifted along with it and are all in the green this morning. One leading the charge in the top 25 at the moment is Populous.
Coinmarketcap is showing a 20% gain for PPT making it the morning’s top performing altcoin. Currently trading at $28.90 Populous has made solid gains over the $24.20 level it was at this time yesterday. The increase has moved this cryptocurrency into the top 25. Over the week PPT has jumped over 85% from $15.50 this time last weekend. The monthly chart is also showing solid performance with a 75% gain from around $16 where it traded this time last month. On the Bitcoin market PPT has climbed 12.4% on the day to 326400 satoshis from 290400 sats this time yesterday. Over the month gains against BTC have been over 80% from 179000 satoshis this time last month.
The blockchain based invoice financing solutions provider offers a peer to peer platform for small and medium enterprises. The current momentum for PPT could be driven by the run up to the launch of live Beta on May 1st. According to a Medium post “The purpose of beta-live is to allow Populous to put the platform and technologies in a monitored, controlled environment to determine if there is an “OK” signal to start accepting the massive influx of PPT holders who are eager to begin purchasing real invoices,”
Binance has nearly all the trade in PPT with around 95% of the total volume which has over doubled in the past 24 hours from $4 million to $8.8 million where it currently stands. This has pushed the total market cap for Populous over $1 billion for the first time since mid-February. Sneaking into the top 25, Populous is now ahead of Verge, Zcash and Nano.
Total market capitalization for all cryptos has increased by 6.6% over the past day and is currently at $389 billion making this the strongest rally since the one that followed the big dip of February 6. Other altcoins performing well this morning in Asia include Bitcoin Cash, EOS which has just surpassed Litecoin and taken fifth spot, Tron and Bitcoin Gold.
More on Populous can be found here: http://populous.co/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.