How did the Top 50 cryptocurrencies perform in August?

in cryptocurrency •  2 months ago

I should have sold all my Bitcoin and Steem to buy Dogecoin last month, but I would have called you crazy of you gave me such a silly advice a month ago. Shouldn't Steem be worth at least more than Dogecoin? How can a coin which started as a joke be worth 573 million while Steem has a market cap of only 263 million. I don't get it, but congratulations to all Dogecoin HODLers! As well as to all Nano, Bytom and Metaverse ETP HODLers which coins also had a great month in August. But besides these four coins and LISK all other cryptocurrencies in the Top 50 had another bad month again. Especially Ether took a big hit again.

  • Bitcoin saw its market dominance rise from 47.8% to 52.8%.
  • The total crypto market cap dropped from 273 billion to 230 billion.
  • STEEM did also very bad and lost another 26.6% of its value :(
  • Nano was last month's winner with a surge of 66.85%.

Here is the full overview of last month.

CryptocurrencyPrice August, 1stPrice end of AugustChange
Bitcoin$7,735.30$7,026.49-9.16%
Ethereum$431.99$281.64-34.8%
XRP$0.44$0.34-23.01%
Bitcoin Cash$776.27$542.96-30.06%
EOS$7.33$6.41-12.55%
Stellar$0.28$0.22-19.86%
Litecoin$78.84$61.98-21.39%
Tether$1.00$1.00-0.06%
Cardano$0.14$0.10-27.97%
IOTA$0.95$0.71-25.28%
Monero$122.09$115.66-5.27%
TRON$0.03$0.03-23.55%
Dash$217.38$193.55-10.96%
NEO$29.69$20.35-31.46%
Ethereum Classic$16.17$12.75-21.15%
Binance Coin$13.82$11.19-19.03%
VeChain$0.02$0.02-20.73%
NEM$0.16$0.11-34.59%
Tezos$1.94$1.36-29.9%
Zcash$209.73$149.32-28.8%
OmiseGO$6.12$4.29-29.9%
Dogecoin$0.00$0.00+61.12%
Lisk$4.54$4.51-0.66%
Ontology$2.74$2.52-8.03%
Bytecoin$0.00$0.00-14.52%
0x$1.11$0.77-30.3%
Qtum$6.86$4.72-31.2%
Nano$1.78$2.97+66.85%
Bitcoin Gold$26.37$22.37-15.17%
DigiByte$0.04$0.03-15.07%
ICON$1.11$0.91-18.15%
Decred$56.21$43.02-23.47%
Zilliqa$0.06$0.04-29.19%
BitShares$0.16$0.12-28.21%
Maker$596.15$442.17-25.83%
Aeternity$1.86$1.16-37.63%
Steem$1.29$0.95-26.63%
Siacoin$0.01$0.01-30.36%
Verge$0.02$0.01-39.8%
Basic Attention Token$0.27$0.22-19.59%
Augur$30.08$19.61-34.81%
Waves$2.35$2.14-8.94%
Bytom$0.14$0.20+48.22%
Pundi X$0.00$0.00-15.25%
Bitcoin Diamond$4.43$1.09-75.4%
Waltonchain$4.87$4.68-3.9%
Metaverse ETP$2.14$3.42+59.81%
Golem$0.26$0.18-32.39%
Stratis$2.50$1.58-36.8%
Populous$4.74$4.29-9.49%

My previous monthly crypto reports


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SteemBlockExplorer.com - SteemNow.com - CoinMarkets.today
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Very interesting!

Bitcoin saw its market dominance rise from 47.8% to 52.8%.
@PenguinPablo

Is BTC's crypto market share trending upwards over, say, the last quarter?

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Bitcoin's market dominance was just 38% 3 months ago, so yes, it is definitely trending upwards.

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That's good information.
Thank you. @PenguinPablo

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Hopefully we bounce back in September!

Should we buy Dogecoin?

In the moment it seems like September might be a better month. And don’t be sad because of the Dogecoin. You shouldn’t invest in coins u don’t believe in anyway.
Markets don’t have to move rationally. Sometimes they actually move into the complete opposite direction. For example: bad news coin goes up in price. It is because it gets traded by guys who only invest for profits and if they have enough capital to move the market they don’t really care about news (only if it is something really bad like system errors or stuff like that) Actually there might be some strategy behind it. If there are bad news they assume that more people go short in the market. So they go long to get the stops... in the moment they are just happy that it is an unregulated market and that they can do whatever they want.
Fun coin having more market cap than Steem kinda shows that pretty well does it?

Hi-Love the graphics- is there any chance of a 2018 Year To Date Graphic?
I'd love to quote in an article and back-link to you.
Many Thanks

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we have to be patient.... but it seems to me that the whole market is like a ball that is still under the depth of 20 meters water, and it is every moment to break out. If it try go up then it go fast . But it comes very unexpectedly I think .

Bitcoin will make first position

Steem will bounce back 🤞🏻☺️

Posted using Partiko iOS

What should I invest in??

Thanks for these updates! UPVOTE!

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Yo creo que tendrá un alza considerable para los finales de este mes y duplicará en los dos últimos de este año, por su tendencia en relación al año pasado.

Excellent report. Doge is the coin all the devs love so I should of seen it coming. It’s the equivalent to the pub the barmen drink at on their days off. Solid pint where you can have a laugh and a joke