And Again A Pump — A Market Analysis

in #cryptocurrency8 years ago

 

Sorry for the off time, needed some distance from technology and went camping a few days.

After the resent increase we do see an decreasing market once more today.

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Total Market Capitalization:

 
After starting in the day with nearly no movement the total market capitalization started to increase briefly midday only to start decreasing over the rest of the day increasing its momentum up until now. Adding this all up we do see an decrease of $16 billion USD, from nearly $353 billion USD total market capitalization 24 hours ago to nearly $337 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]38,05%
Ethereum [ETH]17,45%
Ripple [XRP]7,60%
Bitcoin Cash [BCH]5,63%
Litecoin [LTC]2,02%
IOTA [MIOTA]1,42%
NEO [NEO]1,03%
Monero [XMR]0,76%
Dash [DASH]0,76%
NEM [XEM]0,66%
Others24,63%

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Top 15 chart (measured by their Market Capitalization):

 
Reflecting the decrease we see on the market today we are only able to spot a single green number in our top 15 chart being Tether [USDT] with an increase of 0,06% over the course of the last 24 hours. Worst performing Cryptocurrency in it is NEM [XEM] today with an decrease of nearly 9% today followed by EOS [EOS] showing an decrease of nearly 8% today:

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Source

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Top Gainer Today (out of the Top 100):

 
Like in our top 15 chart green numbers are rare in our top 100 chart today with only six green numbers. Best performing Cryptocurrency in our top 100 chart and our only double digit is DigixDAO [DGD] today with an astonishing increase of more than 18% over the course of the last 24 hours followed by Skycoin [SKY] with an increase of more than 5% today:

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Source

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Top Loser Today (out of the Top 100):

 
Despite the rather big decrease we do see on the market today we are only seeing two double digit decreases in our top 100 chart today being Veritaseum [VERI] with an decrease of more than 12% over the course of the last 24 hours followed by IOST [IOST] with an decrease of nearly 11% today:

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Source

 
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Disclaimer: I'm in no way a financial advisor. I just state my opinion! Never do investments because someone told you or in the fear of missing out! Take your time to research. Don't be sheep, develop critical thinking on your own!


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