The markets are green again for another day, driven by momentum during the Asian trading session. News that Japanese exchange Coincheck will be refunding all of its investors with their stolen XEM would have been a positive influence. One altcoin however is standing apart again with gains of over 16% on the day and that is Populous.
According to Coinmarketcap PPT is up 16.65% in the past 24 hours. It has jumped from just over $50 on Saturday to $73 today, a rise of over 45% in a couple of days. The price of this coin has over doubled since the mid-January crypto crash that brought all prices tumbling down.
The blurb on its website says Populous is a peer-to-peer invoice finance platform that is globalizing what is currently a localized and limited market sector. Entrepreneurs and business professionals can enter into an invoice auction-based marketplace to bid on invoices to unlock the cash previously tied up in them.
The beta platform is nearing imminent release, and a simulation has already been announced, which may explain renewed interest in the altcoin which is currently outperforming all of the others in the top 25. Populous only has 53 million PPT in total supply, with 37 million circulating so it is a very low supply coin. Total market capacity is $2.7 billion with $17 million traded in the past 24 hours. The top exchange to trade PPT is Binance with almost 75% of the total volume.
More info on Populous can be found here: https://populous.co/
FOMO Moments is a new section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.