Nebulas (NAS) Technical Analysis: Spikes on Atlas Protocol Airdrop Announcement, Where to Next?
Cryptovest
Published Oct 01, 2018 12:57PM ET
Updated Oct 01, 2018 02:00PM ET
Nebulas (NAS) Technical Analysis: Spikes on Atlas Protocol Airdrop Announcement, Where to Next?
Nebulas was performing strongly this morning during its second impulse leg, with a 22% gain against BTC after correcting from yesterday’s 33% rise. In the last 48hrs, NAS trading volume has swelled a massive 750% from just $2,000,000 to a height of $17,000,000, with most trades taking place on the Binance exchange. Right now the crypto market has taken a sudden fall, sliding $3 billion in the last 2 hours. Nebulas has subsequently lost most of today’s progress but we could see renewed bullish support return once the crypto market stabilizes.
h2 What caused Nebulas (NAS) to suddenly spike recently?/h2The project announced on September 30th that it would be airdropping the Atlas Protocol’s native ATP tokens to all NAS mainnet addresses soon. The Atlas Protocol (AP) is an on-chain digital marketing and advertising project incubated by Nebulas Labs and Ex-Googler Blockchain Alliance (XGBA). The project went live in April this year and has already created a lot of excitement, recently securing capital from SB China Capital, Danhua Capital and Baidu Ventures, as well as partnering with BitMart exchange to implement AP’s own “SmartVoting&r...
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