And We are Back To Decreasing — A Market Analysis
After finally seeing an increasing market yesterday we are back on decreasing once more. March had been a very bad month for Cryptocurrencies in general. Let’s hope for a better April.
Total Market Capitalization:
After starting in the day with a slow increase the market started to dip more than $20 billion USD total market capitalization over a course of about 10 hours followed by a nice and fast increase. The total market capitalization increased more than $7 billion USD today, from more than $263 billion USD total market capitalization 24 hours ago to $256 billion USD total market capitalization at time of writing:
Dominance (Percentage of Total Market Capitalization):
In resent days we can see Bitcoin [BTC] increasing its dominance once more:
| Cryptocurrency | Dominance |
|---|---|
| Bitcoin [BTC] | 45,43% |
| Ethereum [ETH] | 14,64% |
| Ripple [XRP] | 7,53% |
| Bitcoin Cash [BCH1] | 4,33% |
| Litecoin [LTC] | 2,51% |
| NEO [NEO] | 1,21% |
| Monero [XMR] | 1,09% |
| IOTA [MIOTA] | 1,08% |
| Dash [DASH] | 0,95% |
| NEM [XEM] | 0,75% |
| Others | 20,49% |
Top 15 chart (measured by their Market Capitalization):
Reflecting the general increase we do only see one green number in our top 15 chart today being Tether [USDT] with an increase of 0,32% over the course of the last 24 hours. Worst performing Cryptocurrency in our top 15 chart today is IOTA [MIOTA] with an decrease of nearly 8% today followed by TRON [TRX] with an decrease of nearly 7% today:
Top Gainer Today (out of the Top 100):
Once more we do see XPA [XPA] being the best performing Cryptocurrency in our top 100 chart today increasing more than 20% over the course of the last 24 hours (like said in resent posts be careful with that since there is no real reason for XPA to spike that much). Second best performign one in our top 100 chart is Verge [XVG] today increasing more than 15%:
Top Loser Today (out of the Top 100):
Worst performing Cryptocurrency in our top 100 chart, measured by their market capitalization, is Mithril [MITH] today with an decrease of more than 12% over the course of the last 24 hours followed by Storm [STORM] with an decrease of nearly 11% today. Both of them showed Pump patterns lately and now would be the Dump phase:
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ETH below $400 is really scary, I thought it would be the main resistance point :(
We are all praying for a better market in April. Let keep the faith. Good work @elloek
The Market bleeds like a stuck pig....if previous years charts are any indication(and I'm not sure they can be) April and May should fare better for our portfolios.
The article I based my post on said that some of the reason for bitcoin price softness was due to the numerous cryptos hit the market. With the demise of some of these coins money should flow back into bitcoin. So if you are a holder of bitcoin, it maybe wise to hold on and not liquidate just yet.
I appreciate your support. Upvoted.