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Market Overview.
The market reached a peak of $152.927Billion this week only to drop to a low of $97.555Billion 3 days later due to unending rumors from China and eventual shutting down of Chinese exchanges. The market declined by 7.31% in the last 7 days losing a $10.56Billion to close (GMT+9) at $133.847Billion. Total volume traded in the last 7 days was $39.938Billion a 6.82% week on week decline. While in the last 24Hr the market grew by 11.77% gaining $14.09Billion and volume traded was $3.94Billion a 9.35% rise from the previous day. A total of 865 cryptocurrencies, 245 Assets, and 5510 market pairs were traded. Bitcoin's market dominance decreased to 47.2% of the total market cap.
TOP 10 BY MARKET CAP
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | % 24HR | %7 DAY |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 63.200 | 8.48 | -7.90 |
| 2 | ETHEREUM ETH | 27.182 | 19.68 | -0.94 |
| 3 | BITCOIN CASH | 7.531 | 10.52 | -15.70 |
| 4 | RIPPLE XRP | 7.531 | 8.01 | -12.18 |
| 5 | LITECOIN LTC | 2.766 | 12.48 | -19.24 |
| 6 | DASH DASH | 2.526 | 17.22 | 4.81 |
| 7 | NEM XEM | 2.009 | 11.86 | -13.11 |
| 8 | IOTA IOTA | 1.586 | 22.38 | 15.01 |
| 9 | MONERO XMR | 1.507 | 9.52 | -11.30 |
| 10 | OMISEGO OMG | 1.066 | 16.00 | -3.62 |
| - | TOTAL | 116.585 | 11.61 | -7.13 |
| - | OTHERS | 17.262 | 12.93 | -8.51 |
In course of the week, our biggest gainer was IOTA gaining 15.01% to move up one spot swapping spots with XMR. Welcome OMG our debutant to the board and evicting NEO it claimed No.10 spot, while others retained their spots. On the flip side LTC was our biggest loser with a 19.24% decline in growth. The top Ten cryptos combined market cap dropped by 7.13% in 7 days to close at $116.585Billion, while OTHERS dropped by 8.51% in the last 7 days to close at $17.262Billion.
| PARAMETER | PREV WK | CURR WK | % W/W |
|---|---|---|---|
| 7 DAY VOL | 42.861B | 39.938B | -6.82 |
| AVG DAILY MKT CAP | 151.185B | 130.001B | -14.01 |
TOP 5 BIGGEST GAINERS AND LOSERS IN 7DAYS
| RANK | COIN | %GAINED | COIN | % LOST |
|---|---|---|---|---|
| 1 | BitDeal BDC | +323.27 | ReeCoin REE | -99.81 |
| 2 | Onix ONX | +245.15 | Fujinto NTO | -86.38 |
| 3 | Dacrus DAR | +128.57 | MaxCoin MAX | -75.23 |
| 4 | Edgeless EDG | +125.19 | YbCoin YBC | -70.68 |
| 5 | Einsteinium EMC2 | +103.24 | CryptoCarbon CCRB | -67.54 |
NEW LISTINGS
| COIN | SYMBOL |
|---|---|
| Decentraland | MANA |
| Bowhead | AHT |
FRESH ICOs
- Honestis.Network is a system of application which will bring your life to the next level of security, variety and effectivity. You’ll be on your own path, and you’ll define your own way of engaging others. Your journey will be safe. Its pace will match your needs. Launched 16/09 For more HERE
- Paragon seeks to pull the cannabis community from marginalized to mainstream by building blockchain into every step of the cannabis industry and by working toward full legalization. Launched 15/09 For more HERE
-"IMMLA (International MultiModal Logistic Application) is the first multimodal logistics service with a decentralised system of transportation, document workflow and payments. The mission of IMMLA project is a simple, clear and convenient interaction between the owner of cargo and the transporter on all stages of the freight transport. " Launched 15/09 For more HERE
NEWS
Split on Forks? Blockchain Leaders Learn Tough Lessons from Bitcoin Scaling-CoinDesk
Bitcoin Price Analysis: How Rumblings From China Play Into Wyckoff Distributions -BitcoinMagazine
I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE. THANK YOU FOR YOUR ENCOURAGEMENT.
HAVE A PROFITABLE INVESTING DAY!
SOURCE:CoinMarketCap
SEE PREVIOUS POST CRYPTO-DAILY THE NUMBERS: $43BILLION LOSS IN 3 DAYS AS CHINA EXITS THE MARKET.#0053
One of my favourite weekly updates :)
Glad to hear that, thanks.
very nice. thanks
Thank you
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Good riddance to the Chinese and their restrictive policies. Today bitcoin is back to $4000, market cap is at $138 B at the time of writing this :)
Yeah some relief from all the uncertainties coming out of China
great information,good post
Glad you found it helpful.
Interesting post. I was about to post a similair thread. Not sure if I believe in the current crypto investment climate but I do believe in the blockchain. I was researching a way to do better investment analysis on the current cryptos. This is quite an interesting website I found: https://www.coincheckup.com Complete Coin analysis about the team, product, communication transparency, advisors and investment statistics.