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In today’s Who’s Up? Who’s Down? we look at the sparks flying off IOStoken (IOST), Bitcoin Atom Futures (BCA), and GAIA (GAIA), and the crash landing of CraveCoin – which might just be the best buy of the day!
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Our daily Who’s Up? Who’s Down? is part of the HNW Altcoin Top 25 weekly update; where we chart the performance of the leading coins, give you insights into what makes each one valuable, and look at trends, trading ranges and when to buy and sell.
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UP In The Last 24 Hours…
IOStoken (IOST) |Up 116%
Current Price: $0.089
IOStoken has risen from $0.041 to its current high following a jump up from $0.02 on 16 January.
Trading volumes of $414 million are quite high for a coin of this size. In fact, it was reported five days ago those volumes exceeded Ethereum (on HUOBI) since its arrival on the scene a few short weeks ago.
There’s no public initial coin offering (ICO) for IOStoken but the technology behind the coin appears sound.
HNW’s Recommendation: IOStoken is currently at a price peak. Wait for the drop off to the $0.02 range, then buy in slowly on the rise. Get IOStoken at Binance.
Bitcoin Atom (Futures) (BCA) | Up 97%
Current Price: $409
Bitcoin Atom (Futures) peaked around the $480 mark earlier today before settling in at around the $400 range.
On a seven day view, the current price looks like a potential bargain – BCA peaked at over $1,550 on 14th January before a steady decline over nine days down to $209 on 23rd January.
This is a new coin so it comes with a usual health warning. Also, volumes of 150,000 are light, meaning it could be just a few players propping up the price to lure in the unsuspecting fish.
HNW’s Recommendation: Only for the brave. This is potentially a good buy in the $200 to $400 range, but be prepared to recoup your gains if it scales up to $1,200 plus. Buy Bitcoin Atom (Futures) on Binance.
GAIA (GAIA) | Up 80%
Current Price $0.0856
GAIA began a late day 7% drop off of today’s high marks ($0.19 and then $0.18) down to just about where it started its price rise yesterday at this time: $0.09.
The seven day view shows a price range meandering between $0.05 and $0.10 before today’s spikes.
Over the past month we can see a buy range closer to between $0.02 to $0.04.
This looks like a wait-and-see coin until it drops down from its current median range to a better buy-in price.
HNW’s Recommendation: Wait for the dip to $0.03, then buy it at Binance.
DOWN In The Last 24 Hours…
CraveCoin (Crave) | Down 90%
Current Price $2.62
Crave surfed the curl of market sentiment over the last 24 hours, then fell hard off its board over night from a high of $6.75 down to the lower ebbs of $0.75 at one point.
It’s been on a slow recovery for most of today back to its current price.
The recent drop marks the end of a seven day stretch that saw a steady zig zag between the $6.00 and $9.00 range, in a month that saw $12.00 + high points.
HNW Recommendation: You have to buy what you believe in. The current price looks like a bargain deal considering the lifelong price range of CraveCoin. Buy now at Binance.
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