The low crypto trading volumes reflect the lack of interest from traders and prices that have been fluctuating above and below the parity for several days.
Looking at today’s trend of the first Top 20 we find both green and red colours. Bitcoin manages to stay just above the percentage point moving in positive territory.
Contrary to Ripple (XRP), Ethereum (ETH) and Bitcoin Cash (BCH) since yesterday evening oscillate just below zero. Among the first ten only Litecoin (LTC) manages to push over 1%, returning to conquer the 7th place in the ranking of the most capitalised, exceeding by 30 million dollars the capitalisation of Stellar Lumens (XLM).
To find the only double-digit rise of the day, it is necessary to go as far as the 62nd position occupied by the semi-unknown Aurora token (AOA), which rises 19% from yesterday afternoon’s levels.
The AOA token is the first project to apply DPOS and BFT consensus for the gaming industry and artificial intelligence programs, ensuring an unlimited number of high-speed parallel transactions.
Crypto volumes remain low with less than 12 billion dollars traded in the last 24 hours, a trend that, if confirmed also in the weekend, will end the seven less turbulent days of the last two months. Bitcoin dominance remains unchanged, stabilising at over 52%.
The same applies to Ripple and Ethereum, which remain at the levels of the last five days.
There’s little to add to previous updates. For the last three days, price fluctuations have been increasingly compressing in a channel of only 100 dollars. Volatility and volumes are dangerously falling, increasing the likelihood of sudden fluctuations.
Prices manage to stay above the threshold of 115 dollars without being able to go beyond 120 dollars, a level that would begin to show weak signs of recovery.
We remain in limbo without a precise direction. A return below 110 dollars would be dangerous.