Still Decreasing — A Market Analysis

in #cryptocurrency7 years ago

 
 
 

And again we are seeing an decreasing market. It looks like this ongoing downtrend (6 out of the last 7 days were decreasing) is still going on.

 
 
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Total Market Capitalization:

 
After starting in the day with an slow increase the market started to dip midday up until time of writing. Adding this up we do see an decrease of more than $8 billion USD, from more than $381 billion USD total market capitalization 24 hours ago to more than $373 billion USD total market capitalization at time of writing:

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Source

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Dominance (Percentage of Total Market Capitalization):

 
Following this dominance charts for the past several months it seems like Bitcoins dominance grows quite substantially in times the market isn’t doing great. On an increasing market like we see lately Bitcoins dominance seems to decrease while those of altcoins seem to rise.

CryptocurrencyDominance
Bitcoin [BTC]37,73%
Ethereum [ETH]18,21%
Ripple [XRP]7,06%
Bitcoin Cash [BCH]5,44%
Litecoin [LTC]2,02%
IOTA [MIOTA]1,29%
NEO [NEO]1,04%
Dash [DASH]0,82%
Monero [XMR]0,81%
NEM [XEM]0,72%
Others24,86%

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Top 15 chart (measured by their Market Capitalization):

 
Reflecting todays decreasing pattern we are not able to spot a single green number in our top 15 chart (Tether [USDT] is exactly the same like yesterday). Worst performing Cryptocurrency in our top 15 chart is Monero [XMR] with an decrease of more than 5% over the course of the last 24 hours followed by NEM [XEM] showing an decrease of exactly 4% today:

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Source

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Top Gainer Today (out of the Top 100):

 
We are only able to spot 15 green numbers in our top 100 chart, measured by their market capitalization, today and only a single double digit increase being MaidSafeCoin [MAID] with an increase of nearly 13% over the course of the last 24 hours followed by CyberMiles [CMT] showing an increase of more than 7% today:

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Source

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Top Loser Today (out of the Top 100):

 
Despite the rather big decrease today we are only able to spot two double digit declines today being Bitcoin Private [BTCP] with an decrease of more than 17% over the course of the last 24 hours followed by Holo [HOT] showing an decrease of more than 13% today:

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Source

 
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