Market Overview.
Yesterday we saw a 3-day old coin named METAL (MTL) make a grand entrance into the top 10 by volume board, details below. The market seems to be on the part of recovery, it gained $6.626B an 8.2% rise to close(GMT+1) at $87.398B, however, can this momentum be sustained? The market recorded a slight decline in trading volume a contrast to rising market cap (explains my doubt) indicating investors prefer to watch from the sidelines, $4.23B worth of crypto exchanged hands a decrease of 12.4% over previous day's trading.
A total of 810 cryptocurrencies, 161 Assets, and 4,471 market pairs were traded. Bitcoin's market dominance declined to 45.2% of the total market cap.
TOP 10 BY MARKET CAP
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | %CHANGE |
|---|---|---|---|
| 1 | BITCOIN | 39.341 | +1.78 |
| 2 | ETHEREUM | 21.156 | +14.35 |
| 3 | RIPPLE | 7.743 | +9.25 |
| 4 | LITECOIN | 2.505 | +5.62 |
| 5 | ETHEREUM CLASSIC | 1.845 | +33.5 |
| 6 | DASH | 1.329 | +8.17 |
| 7 | NEM | 1.185 | +10.18 |
| 8 | IOTA | 0.613 | +6.72 |
| 9 | MONERO | 0.588 | +6.72 |
| 10 | EOS | 0.434 | +22.48 |
| - | TOTAL | 76.739 | +6.81 |
Bitconnect our debutant was evicted from the top 10 board by EOS the former occupier of the No.10 spot barely 24hrs after its arrival (Not a place for the faint-hearted), while the rest of the board remained unchanged. The top Ten cryptos combined market cap rose by 6.81% to close at $76.739B controlling 87.8% of the total market capitalization a 1.2% decline from the previous day.
TOP 10 BY VOLUME TRADED
| RANK | COIN/ASSET | 24HR VOL (MILLION$) | %CHANGE |
|---|---|---|---|
| 1 | ETH | 1,206 | -23.96 |
| 2 | BTC | 1,103 | -23.4 |
| 3 | ETC | 710 | +239.71 |
| 4 | LTC | 364 | -16.89 |
| 5 | XRP | 144 | -50.7 |
| 6 | USDT | 130 | -31.2 |
| 7 | EOS | 103 | -18.9 |
| 8 | BTS | 59 | -13.2 |
| 9 | MTL | 43 | +153 |
| 10 | DASH | 30 | -25 |
| - | TOTAL | 3,892 | -12.3 |
METAL (MTL) a newly minted or mined coin barely 3 days old opened at $1.22 has grown in market cap and price by over 174% to close at $70.419B and $3.34, over $108M in volume traded in just 3 days guys!. Join me as I welcome her to the top 10 board as she evicted ZEC from the board and displaced DASH from the No.9 spot, ETC was investors toast with a 239% increase in trading volume which resulted in a 33% rise in market cap, over 50% of this volume was in the ETC/KRW pair (a lot of affection from the Koreans) ETC moved up 2 places to the No.3 spot displacing LTC and XRP on the board. There was a 31.2% decline in USDT volumes, probably some investors taking early positions or looking to make quick profits from the rebound. Besides MTL and ETC the rest of the top 10 board recorded negative volume growth, our top 10's combined volume was $3.892B a massive 92% of total volume traded an increase from previous day's 91.7%.
TOP 5 EXCHANGE BY VOLUME
| RANK | EXCHANGE | 24HR VOL (MILLION$) | MOST TRADED PAIR |
|---|---|---|---|
| 1 | BITHUMB | 516.961 | ETC/KRW |
| 2 | POLONIEX | 382.158 | ETH/BTC |
| 3 | COINONE | 308.651 | ETH/KRW |
| 4 | OKCOIN | 228.363 | ETH/CNY |
| 5 | YUNBI | 226.817 | EOS/CNY |
| 36 | BITSHARES DEX | 5.536 | BITCNY/BTS |
An analysis of the exchanges showed that the Asian exchanges handled more volume mostly directed at ETC, ETH , EOS and BTC.
TOP 5 BIGGEST GAINERS AND LOSERS
| RANK | COIN | %GAINED | COIN | % LOST |
|---|---|---|---|---|
| 1 | CHAINCOIN CHC | +326.14 | UNITUS UIS | -42.39 |
| 2 | BITDEAL BDL | +251.81 | POLYBIUS PLBT | -38.64 |
| 3 | TERRACOIN TRC | +177.96 | MINEREUM MNE | -33.59 |
| 4 | BLITZCASH BLITZ | +153.55 | PEERPLAYS PPY | -22.39 |
| 5 | DAXXCOIN DAXX | +122.5 | FASTCOIN FST | -18.81 |
NEW LISTINGS
2 new cryptocurrencies were listed/started trading today.
| COIN | SYMBOL |
|---|---|
| SANTIMENT NETWORK TOKEN | SAN |
| MANTRACOIN | MNC |
ICO
DENT will be the global exchange for mobile data where - in the final scale - the world’s mobile data is sold, bought or donated, just like other commodities such as currencies are traded today. ICO was launched yesterday, ends July 26 price 440000 DENT/1ETH minimum funding goal 15000ETH for more info click HERE
NEWS
Crypto Boom: 15 New Hedge Funds Want In On 84,000% Returns-Forbes. An interesting read.
Explainer: What Is Segwit2x and What Does It Mean for Bitcoin-Coindesk
LATEST NEWS, PROGRESS AND TEAM ADDITIONS-Stratisplatform
I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE!.
HAVE A PROFITABLE INVESTING DAY!
SOURCE:CoinMarketCap
SEE PREVIOUS DAY'S POST REPORT #0003: CRYPTO-DAILY THE MKT IN NUMBERS (BLACK TUESDAY 11/7/17)
Just heard about Binconnect today through a friend. EOS of course is going to be big. Bye Bye Etheruem.
Great round up, lots of good information here!
Click through for crypto news & investment articles @jhcooper7
Thanks
I love how it's almost very simple for me to understand
Am glad you love it. Thank you
Id say this blog is pretty accurate to its core! I enjoyed the read. Check my blog on EOS and Exodus adoption @RichIntel
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