Crypto market overview 12.8. | FOMO bullish on NEM starts, Bitcoin stagnates at $ 11,500, analysts say it’s a preparation!

Table of Contents

Welcome to our crypto market overview 12.8.

Great preparation of investors before the final attack. They are preparing for a big move and we will look where together. The NEM chart records a nice FOMO, investors have already added 18% growth beyond the bullish channel.

Crypto market overview 12.8. | FOMO bullish on NEM starts, Bitcoin stagnates at $ 11,500, analysts say it's a preparation! — *image source: freepik*

overview of terms

Yesterday, we reached a marketcap value of USD 351 billion (USD -6 billion / 24 hours). This week we are recording a low of USD 333 billion and a high of USD 359 billion. For Bitcoin, we have a low at $ 11,030 and a high at $ 11,760 over the same period. We are currently worth $ 11,300 for one BTC coin. Bitcoin dominance is declining (1D.) And is now at 60.3 percent.

Last crypto market overview here.

Overview of coins from top capitalization yesterday:

Bitcoin (BTC) $11 475,12 USD (-3,45%)

Ethereum (ETH) $383,66 USD (-3,33%)

Chainlink (LINK) $13,02 USD (-2,36%)

The best growth yesterday was:

Swipe (SXP) $2,97 USD (14,21%)

Verge (XVG) $0,007336 USD (7,76%)

JUST (JST) $0,070422 USD (7,87%)

Blockstack (STX) $0,252830 USD (5,80%)

The biggest drop was recorded:

Balancer (BAL) $19,88 USD (-16,33%)

Band Protocol (BAND) $12,68 USD (-14,94%)

Ampleforth (AMPL) $0,666719 USD (-12,30%)

Kusama (KSM) $13,37 USD (-13,34%)

All data is provided from coinmarketcap.com

World markets overview yeterday:

SP500: 0,41 %. NASDAQ: -0,57 %. GOLD: -5,1 %. DOW J.: 1 %

[BTC / USD] In 2020 to present value: 64,7 %

Bitcoin currently stands at $ 11,500. We see significant resistance to $ 12,000. Bitcoin must hold $ 11,000 and at the same time find enough strength to break through the resistance to $ 12,000. The momentary wait, I think, is a preparation for more movement – everyone hopes it will be over $ 12,000.

[NEM / USD] In 2020 to present value: 94.3%

We are currently running at $ 0.061. NEM formed a bullish channel for several months, and all that changed the day before yesterday, when we broke through the top of the trend channel and the FOMO phase was coming. It was only a matter of time before more investors noticed. Trend patterns are among the best readable in the field of technical analysis. It is therefore not surprising that the bullish channel has been broken upwards and could grow even more. By breaking the resistance line, we record an increase of 18%. Overall, in 2020 we are already approaching 100% appreciation.

Thank you for your time and reading our today´s crypto market overview 12.8.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂

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