Verge and Status are among the only gainers in the top 100

10 Jan, 2019 | Updated: 10 Jan, 2019
by Will Heasman
Price Action
Verge and Status are among the only gainers in the top 100

Earlier today the market witnessed Bitcoin slip from its pride of place above $4000, down to $3850 in a matter of minutes. With that many altcoins followed suit crumbling the total market cap of cryptocurrency down by $8 billion.

As of right now, many if the top 100 are significantly in the red, however, there are a few cryptocurrencies effectively holding their own against a large amount of selling pressure.

One of those is the privacy cryptocurrency, Verge (XVG) showing not only tremendous resilience against the onslaught of altcoins but an impressive gain as well, with a defiant bounce back of +10.33%. XVG originally fell in line with the rest of its brethren losing -9%, before eventually climbing back up and to a substantially better level than previously seen:

the only news appearing to drive this push from the privacy coin is the release of their new IOS wallet:

Status (SNT) is also showing remarkable resistance to this latest dip, up +10% on the 24-hour charts. This is seemingly business as usual for SNT which seemed to be completely unaffected by the dip:

This non-conformity from SNT isn’t going unacknowledged:

The news driving this complete lack of respect for altcoin correlation appears to be the alpha phase launch of the Status desktop, a messenger platform built for decentralized private and secure communication:

 

Read more: Market dump sees all coins drop in 30-minute time frame, BTC under $4,000 again

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