Some Cryptocurrencies Gained in Value

Neblio (http://boards.4chan.org)

The top 10 cryptocurrencies lost in great amount of their values during “Tuesday turmoil” (January 16, 2018). They lost about US$ 108 billion during a single day trading.

The drop between 15.98% for Litecoin to as high as 25.21% for NEM. The plummet may be caused by many factors, include anticipated to new regulations by China and South Korea governments.

Other factors could be a kind of break for upswing trading in the early January, 2018. It is alsoo possible due to overvalue, especially on Bitcoin (please see my previous article: https://steemit.com/bitcoin/@tanza-erlambang/does-bitcoin-overvalue).

Interestingly, there are several cryptocurrencies score good on trading, some of them are Neblio and Gas. Neblio gained 12% in value, while Gas was up by 9%.

Overall, crypto currencies market will fluctuate in the near coming future.