Crypto Market Wrap: IOTA Ignoring Pullback, Adds 13% on Payment App Addition

Crypto markets correcting again; IOTA, Ethereum Classic and Tezos moving, Ontology dumping.
Market Wrap
There has been some movement in crypto markets over the past 24 hours but unfortunately it has been in the downward direction. Red dominates the charts at the moment and total market capitalization has fallen back below $140 billion after reaching a monthly high yesterday.
Bitcoin managed to touch $4,100 yesterday but its stay there was extremely brief as a dump imminently followed. The plunge knocked $100 off the price of BTC in less than an hour but it has since recovered to $4,030. Volume remains over $10 billion and Bitcoin is still holding at resistance levels for now.
The minor correction has hit altcoins harder as usual, especially Ethereum which has dropped 2.5% overnight to fall back to $136. ETH has lost almost all gains made over the past seven days as it begins to weaken once again. XRP is not faring any better and has also lost 2% dropping back to $0.311.
All cryptos in the top ten are red during Asian trading today. Those dropping the most include Bitcoin Cash, Binance Coin and Stellar with 4 percent declines. Tron also continues to weaken and is now back to tenth spot with a $1.5 billion market cap.
The top twenty has a few beacons of green as some altcoins continue to pump defying the market pullback. IOTA is one of them as it makes 13% on the day to reach $0.322 from an intraday low of $0.285. The momentum has been driven by payments App Zeux adding IOTA for crypto payments at all shops.

Payments App @Zeuxapp Adds IOTA For Crypto Payments at all Shops.@Zeuxapp is the @finTech that integrates all banking activities on one single app and will now support #IOTAtoken to pay at all shops via Apple Pay and Samsung Pay. #Zeuxapp
— IOTA (@iotatoken) March 21, 2019

South Koreans are buying up MIOTA today as 30% of the daily volume, which has surged from $12 to $35 million, is being traded on Upbit in KRW.
Maker is up 2% and Ethereum Classic 3% but the other big mover in the top twenty at the time of writing is Tezos with an 8% pump to $0.733. Not having such a good day is Ontology dumping 10% after yesterday’s fomo driven pump.
FOMO: Ravencoin Still Going
Today’s top performer in the top one hundred is Ravencoin yet again. RVN has added a further 14% on the day as it reaches $0.047, its highest price for this year. The fomo without fundamentals is likely to result in a dump in the next couple of days. Aurora, Maximine Coin and Digibyte are all having a ten percent pump at the moment also.
Joining Ontology at the bottom of the top one hundred in terms of 24 hour performance is MOAC dumping 10%. Huobi Token and Kucoin Shares have both lost 7% on the day.
Total market cap 24 hours.
Total crypto market capitalization has dropped its recent gain of $2 billion resulting in a 1.4% decline back to $139 billion. Bitcoin led the fall after failing again to break above $4,100. A more positive take is that markets haven’t dumped massively and are holding steady at this level for now with good volume. A sideways zigzag pattern can be seen over the week as resistance got hit and the pullback followed six times.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: IOTA Ignoring Pullback, Adds 13% on Payment App Addition appeared first on NewsBTC.
Source: New

Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay

The cryptocurrency market and its developments have been focused on one end goal, the integration of the cryptosphere with the mainstream market. This goal was given yet another boost by the recent announcement from Qtum, a move aimed at increasing its usage among the general populace.
Qtum announced that users of the cryptocurrency can now use it in transactions through popular payment gateways, Apple Pay and Samsung Pay. The company tweeted,
“Great news! #Qtum holders can now use QTUM to pay at all shops via Apple Pay and Samsung Pay using @Zeuxapp!#fintech #paytech #cryptocurrency #Zeux”
According to the company, the cryptocurrency can be used to trade using the Zeus app, which will then enable the user to link it to their Apple Pay or Samsung Pay accounts. Qtum’s blog post read,
“Zeux reduces the friction of using QTUM in the real world and sticks to the nature of cryptocurrency by providing zero-fees on foreign transactions because blockchain technology is borderless! You can use QTUM wherever Apple Pay or Samsung Pay is accepted with your mobile phone on the Zeux app.”
The company believes that with the latest development, Qtum, which is based on a Proof-of-Stake blockchain, will meet “Point-of-Sale terminals around the world.” After the announcement, Miguel Palencia, the Chief Information Officer of the Qtum Foundation, commented,
“We’re excited that Zeux has added QTUM to its app. This adds a tremendous amount of additional utility for our valued community who can now use QTUM for all point-of-sale payments with merchants that accept Apple Pay, and Samsung Pay. Zeux has created a seamless way for people to use crypto in their day-to-day lives without the friction of choosing from a select group of merchants who accept crypto directly.”
Qtum’s focus on real-world applications also led them to partner Amazon Web Services [AWS], which according to the Jeff Bezos-led company, “inspired” them to launch a blockchain service that supported Ethereum and Hyperledger.
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Source: AMB Crypto