It has been a pretty interesting start to the week so far. The top markets try to recover losses sustained yesterday. Further down the rankings, other projects note strong gains out of the blue. The MobileGo price is soaring right now, especially because of its strong gains during this extensive bear market.
MobileGo Price Continues to Move up
It is always interesting to see how individual cryptocurrency markets deal with the overwhelming pressure. As far as altcoins and tokens are concerned, it is evident things can easily swing either way without too many problems. As far as MobileGo is concerned, it seems the sky is the proverbial limit at this time. Although one has to wonder if this uptrend is sustainable for the long run, speculators will be quite happy with these developments.
Over the past 24 hours, there has been a notable MobileGo price increase. Following a 28% gain in USD value and a 30% gain over both Bitcoin and Ethereum, MGO is doing quite well. Surprisingly well, even, especially when considering how there is a lot of pressure on Bitcoin and the other top markets. Because of this strong uptrend, one MGO is now valued at $0.3125. This is still a long way removed from the all-time high, yet still a notable trend regardless.
What is perhaps most interesting is how there is just $9.32m in 24-hour trading volume at this point. Most of this volume seems to come from the BitForex and DigiFinex exchanges, which is pretty interesting to keep an eye on. Neither of those exchanges is pretty “big” in terms of overall traction, although it may not necessarily be sufficient to keep the current trend going moving forward. One has to keep in mind Coinrail is perhaps the “most mainstream” exchange for MGO right now, yet it generates $0 in volume right now.
The big news of the week comes in the form of a new gateway between MobileGo and Metamask. This is a pretty big development for the altcoin’s ecosystem as a whole, although it might not necessarily be sufficient to warrant this steep price increase. Even so, it seems this is the primary reason as to why the current price is moving up pretty quickly. It may also be due to speculators looking to pump something differently, though.
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— MobileGo (@MobileGoToken) January 28, 2019
For those who are merely interested in the price itself, it would appear MobileGo is one of the three strongest risers of the day. That in itself is pretty interesting to take note of, especially under the current market circumstances. Whether or not this price run can be sustained for more than a few hours, is a different matter altogether. Right now, that seems likely, but it is a matter of time until holders start taking profits as well.
📈 Top 3 rising assets (24H) 📈
— The Crypto App (@TheCryptoApp) January 29, 2019
When looking at the overall market conditions, the current MGO price trend seems pretty much unsustainable as of right now. At the same time, there are a lot of Bitcoin holders who will jump on any opportunity to increase their BTC holdings in the coming days. It now appears MobileGo is a good option to explore, although chasing the top is never a smart decision either.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.