Hey, guys! We’ve made a two-week report on NOAH trading tendencies for you. We took all the data from https://coinmarketcap.com/.
Let’s start with a total cryptocurrency market description. We can say that last week was challenging for the crypto contributors because Bitcoin has dropped below USD 8,300 in spite of the expectations that it would exceed USD 10,000. This entailed a reduction in value of many other cryptocurrencies. On May 13th, the total value of the cryptocurrencies equaled to USD 410.2 billion, which is 8.8% lower than the level of May 7th. Capitalization of some altcoins went down by 8.9%, while the total value of Bitcoin decreased by 11.7%. There were no significant changes in the market structure. Bitcoin’s share slightly grew from 36.12% to 36.4%, Ethereum increased by 0.68 percentage points, but Ripple’s share decreased from 7.50% to 7.22%. Bitcoin Cash reduced its share from 6.54% to 6.27% and EOS lost 0.4 percentage points.
Since the cost of many large altcoins depends on the Bitcoin price dynamics, TOP-10 coins were lost in value, too. Cardano fell the lowest of all: its price decreased from USD 0.349948 to USD 0.28589, while its capitalization went down by more than 22%. The Ethereum price decreased 7.5% — from USD 793.34 to USD 733.50. The aggregate value of all ETHs fell by 13.7%.
The NOAH’s price has lowered, too. However, there’s no reason to be scared. It’s a highly volatile market, where ups and downs are usual events. Remember about bulls and bears. This situation satisfies bears as well. Now, let’s examine how NOAH has changed over a two- week period.
Look at this chart.
It shows that NOAH price is USD 0.008469 at the moment as of May 11, 2018. It has a current circulating supply of 0 NOAH coins and a market cap of USD 0. Low market cap altcoins have a great response in both bull and bear markets when compared to the coins exceeding billions in market cap. NOAH price is down (-9.58%) on May 11. USD 2.59M worth of NOAH has been traded in the past 24 hours. Remember about this highly volatile market and that everything can change soon. We continue to believe in our coin because it has all chances and backgrounds to rocket one day.
As for BTC, NOAH price amounts to BTC 0.00000098. It decreased by 2.98%, while the 24h volume equals to BTC 295.00.
Over the period from April 27, 2018 to May 10, 2018, NOAH price decreased from USD 0.009530 to USD 0.009129. Therefore, we can speak about a down-trend of the exchange rate, because the price of NOAH went down by 4.3% in the last 14 days. The volume of trading lowered from USD 5.64MM to USD 5.23MM (-7.3). By the way, the Bitcoin’s trading volume fell as well. As we mentioned above, the drops in its values entailed the decrease in the indicators of other altcoins. But this market situation can play into your hands. You can regard this down-trend as an advantage and seize the moment to buy your Noah Coins at lower prices. Experience has shown that many coins traded under USD 1 rocketed one day and we believe that our NOAH will fly to the moon, too.
The following table shows that the NOAH trading volume grew from USD 1.76MM to USD 5.25MM over two weeks. It means that our NOAH coin is liquid and you can buy or sell it easily. The higher the volume, the easier it is for you to trade it off.
It also follows from this table that the highest price over this period was registered on Thursday, May 3, 2018 amounting to USD 0.011011. The lowest price was observed on Tuesday, May 8, 2018 totaling USD 0.008223.
Recall that NOAH would be used as a digital utility token for a number of projects in the Noah ecosystem. We will begin with two amazing projects — the Noah City (Horizon Manila) and the Noah Resort (Zamboanga del Norte). The Noah City will be built in the city of Manila that is expected to become the largest Central Business District in the Philippines, once built. The NOAH holders will be able to receive discounts from any part of the city. Besides, they will be able to trade their Noah Coins on the exchanges. The NOAH owners will get other benefits, too. For example, they will get an exclusive access to the Dakak Beach Resort, a luxurious venue located by the sea and flanked by mountains to its west. It is a beautiful place where you can find a great number of services and activities for every taste. You won’t be bored there. Noah Coin will open the doors to the world of themed feasts and performances, broad sand beaches, sumptuous dining, and outdoor and water sports activities. With the project development, we plan to expand the utility functions of our token.
