Massive Dip Ends Increasing Phase — A Market Analysis

in #cryptocurrency6 years ago

 
 
 

After the market increasing over the last couple of days we do see a massive dip today.

 
 
steemit_praragraph_new.png

Total Market Capitalization:

Starting in the day with literally no movement during the day the market started to dip fast about $15 billion USD a few hours ago. The next couple of hours following this huge dip the market once more showed no real movement to only once more start decreasing in the last hour. Adding all this up we do see an decrease of more than $17 billion USD today, from nearly $240 billion USD total market capitalization 24 hours ago to nearly $218 billion USD total market capitalization at time of writing:

Bildschirmfoto 2018-09-05 um 20.01.23.png

Source

steemit_praragraph_new.png

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]55,01%
Ethereum [ETH]11,52%
Ripple [XRP]5,32%
Bitcoin Cash [BCH]4,27%
Litecoin [LTC]1,62%
Monero [XMR]0,89%
IOTA [MIOTA]0,79%
Dash [DASH]0,71%
NEO [NEO]0,62%
NEM [XEM]0,43%
Others18,82%

steemit_praragraph_new.png

Top 15 chart (measured by their Market Capitalization):

 
Reflecting the general massive increase we do see on the market today we are able to spot 14 red numbers in our top 15 chart today (12 out of those 14 are double digit decreases) the only green number being Tether [USDT] showing an increase of 0,45% over the course of the last 24 hours. Worst performing Cryptocurrency in our top 15 chart today is EOS [EOS] decreasing nearly 16% shortly followed by NEO [NEO] also showing an decrease of nearly 16% today:

Bildschirmfoto 2018-09-05 um 20.11.41.png

Source

steemit_praragraph_new.png

Top Gainer Today (out of the Top 100):

 
Exact five green numbers can be spotted in our top 100 chart, measured by their market capitalization, today with the best performing Cryptocurrency in it being with no doubt Bitcoin Diamond [BCD] with an astonishing gain of more than 107% over the course of the last 24 hours followed by Dropil [DROP] increasing more than 11% today:

Bildschirmfoto 2018-09-05 um 20.15.52.png

Source

steemit_praragraph_new.png

Top Loser Today (out of the Top 100):

 
Worst performing Cryptocurrency is Gas [GAS] with an decrease of nearly 22% over the course of the last 24 hours followed by IOST [IOST] showing an decrease of more than 20% today:

Bildschirmfoto 2018-09-05 um 20.21.46.png

Source

 
steemit_praragraph_new.png
 
You have a reputation of 30+? Make sure to grab your Steemit only Byteball Airdrop worth up to $160 USD dependent on your reputation:

unnamed.png


Buy and Sell your cryptocurrencies on Coinbase, the most trusted digital currency exchanger out there and get free $10 worth of Bitcoin on your first transfer (min. $100).

unnamed.png


Trade your cryptocurrencies on Binance, the fastest growing exchange in the world with the lowest fees on the market out their.
If you are new to Binance I created a step by step guide on How to trade STEEM on Binance, feel free to check it out!

Unknown.png


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!


If you are interested in my opinions and daily cryptocurrency news updates feel free to upvote, resteem and:

DQmTiCwPX5Eh6J9TrHZ9Aki1E8u7jM6gc2LqvycQ91JFrjQ.gif

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62227.11
ETH 2400.78
USDT 1.00
SBD 2.50