CRYPTO-WEEKLY THE NUMBERS: MARKET LOST BILLIONS GROWS BY LESS THAN 1% IN 7 DAYS#0045
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Market Overview.
The market reached a new all-time high again this week peaking at $179.55Billion only to lose $20Billion 24Hrs after it peaked, it grew marginally by 0.12% in the last 7 days against the previous week's 12.13% gaining a meagre $186Million to close (GMT+9) at $160.98Billion. Total volume traded in the last 7 days was $44.07Billion a 1.43% week on week growth While in the last 24Hr the market declined by 3.89% losing $6.52Billion and volume traded was $4.81Billion a 29.55% drop from the previous day. A total of 866 cryptocurrencies grew by 1, 223 Assets grew by 0, and 5433 grew by 104 market pairs were traded. Bitcoin's market dominance increased from 44.9% beginning of the week to 46.4% of the total market cap.
TOP 10 BY MARKET CAP
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | % 24HR | %7 DAY |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 74.633 | -2.85 | 3.31 |
| 2 | ETHEREUM ETH | 31.603 | -5.69 | -4.66 |
| 3 | BITCOIN CASH | 9.733 | 0.36 | -0.72 |
| 4 | RIPPLE XRP | 8.527 | -3.35 | 0.96 |
| 5 | LITECOIN LTC | 3.949 | -6.71 | 20.29 |
| 6 | NEM XEM | 2.740 | -3.25 | 7.54 |
| 7 | DASH DASH | 2.644 | -3.71 | -1.86 |
| 8 | IOTA IOTA | 1.988 | -7.19 | -16.79 |
| 9 | MONERO XMR | 1.813 | -5.13 | -14.60 |
| 10 | ETHEREUM CLASSIC ETC | 1.736 | -7.26 | 16.12 |
| - | TOTAL | 139.366 | -3.61 | 0.57 |
| - | OTHERS | 21.623 | -5.65 | -2.72 |
In course of the week, our biggest gainer was LTC gaining 20.29%. ETC returned to the board evicting NEO to claim No.10 spot, while NEM moved up two spots to No.6 pushing DASH and IOTA one spot down to No.7 and 8 respectively. On the flip side, IOTA was our biggest loser with a 16.79% decline in growth. The top Ten cryptos combined market cap rose marginally by 0.57% in 7 days to close at $139.36Billion, while OTHERS dropped by 2.72% in the last 7 days to close at $21.62Billion.
| PARAMETER | PREV WK | CURR WK | % W/W |
|---|---|---|---|
| 7 DAY VOL | 43.455B | 44.076B | +1.43 |
| AVG DAILY MKT CAP | 151.711B | 166.786B | +9.94 |
TOP 5 BIGGEST GAINERS AND LOSERS IN 7DAYS
| RANK | COIN | %GAINED | COIN | % LOST |
|---|---|---|---|---|
| 1 | Voise VSM | +644.27 | Achain ACT | -68.96 |
| 2 | Scorecoin SCORE | +623.78 | Bitok BITOK | -67.94 |
| 3 | Cryptocarbon CCRB | +345.85 | ICO ICO | -58.02 |
| 4 | RISE RISE | +341.73 | Vechain VEN | -56.90 |
| 5 | Happycoin HPC | +328.21 | Dochain DOC | -54.64 |
NEW LISTINGS
| COIN | SYMBOL |
|---|---|
| Po.et | POE |
| Fujinto | NTO |
| Blockchain Index | BLX |
| Giga Watt Token | WTT |
FRESH ICOs
The Opakeco Foundation KRM Decisions within the foundation are made by asking everyone, with the majority of the deciding power in the hands of the community. Important points here are that token holders will be able to vote on all strategic decisions, including, but not limited to quarterly budgets, strategic goals and board members. Within the same platform users will be able to communicate with different charities, verified well-doers and people who aim to make a change in their community. The platform will let you see to what extent a certain well-doer or charity is accountable and transparent. The goal of the Opakeco Foundation is to have charities use Karmo tokens to buy food, medical supplies and other necessities – this can range from building water wells and houses to providing solar-powered lights – that help their cause. . Launched 01/09 For more HERE
Soferox SFX has been conceived and designed to bring the first free way to send, receive and store the most popular and favorite cryptocurrencies. They will be offering individuals and companies the ability to create invoices, send and receive payments, exchange and swap currencies, and act as a safe and secure vault, all while charging no fees. As the project grows and expands they look forward to adding more features to open more avenues and appeal to more markets to facilitate converting more fiat currencies into cryptocurrencies. Launched 01/09 For more HERE
-The OXYCOIN® mobile application will enable investors to easily purchase cryptocurrencies directly with FIAT (i.e. USD or EUR), manage all their wallets and passwords, implement a user-friendly Global Address Book, and will be the central information hub where they can access any information they need to make informed investment decisions. Launched 01/09 For more HEREDisLedger® is a non-blockchain, distributed ledger technology designed for high-volume transaction processing such as payments and capital markets clearing. DisLedger’s patent pending technology provides a solution for permissioned networks that handle high volumes of transactions, require low-latency, and must maintain data privacy. It is a different approach to the way the data is distributed, more akin to sharding or striping than the massively redundant replication of all data copied to all nodes. DisLedger doesn’t compete with permissionless, completely transparent networks like Bitcoin and Ethereum but offers an alternative where the use-case calls for speed and privacy. Launched 01/09 For more HERE
STABLE is a project aiming to reduce the volatility and inefficiencies existing in digital tokens markets and stabilize them, thus driving their wider acceptance. Launched 03/09 For more HERE
NEWS
Bitcoin Price Drops By Over $250 as Crypto Markets Lose Billions-CoinDesk
China Halts 60 ICOs As Companies Cancel Sales Awaiting Legislation -Cointelegraph
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HAVE A PROFITABLE INVESTING DAY!
SOURCE:CoinMarketCap
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It is a shame China have to shove their face into the ICO'S. I feel bad for the people that were invested heavily in Neo, ouch. Thankyou for the post OP, upvoted!
Yeah. unbelievable NEO at $20.
Insane movements.
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Some of it is really cool!
Just my personal opinion but im thinking some of the people who invested heavy are pulling out their profits each time the market rises and thats causing the stocks to lose as they are. I get the concept of buy low and sell high but when the big guys tke advantage of this concept, the smaller people are the ones to suffer.
#circleoffriends
its fine as long as the smaller guys just hold, if retail investors like you and me start dumping when the price gets high too we just cause a bigger market crash and it takes longer to rebalance itself.
in my opinion the best thing you can do is hold and when the big fish sell and everything drops, buy more :)
That's the market.
I think the traders would call crypto shooting fish in a barrel. There has never been such a large contingent of amateur investors playing a market and it won't last forever. The SHARKS with years of experience between them are easily able to make huge profits by carefully strimming the coin profits in a volatile and enthusiastic environment.
If you have $100,000 to playwith and you know what you are doing, you could trade 5-10% profits in a day on the right coins at the right time.. and much more than that if you are playing with crytpo which you have already made a lot of profit on and therefore don't care so much if you lose it.
The ability to make this much profit will also diminish as the market deepens.
yeah definitely.. it's the wild west out there right now and the real big & easy money has already been made ! although there will be new avenues which develop over time !
So true and im learning the process while building up my trading capitol as we speak. Thanks for the feedback @outerground
#circleoffriends
This circle will continue because the market is still very young, i feel there is no reason to panic because this market is here to stay, the big guys are only taking advantage of the fact that their large funds can cause this kind of movements and generate profits. But as the market deepens this effects will diminish.
True, Im settled in for the long haul of this cryptocurrency journey. Thanks for your feedback @cryptoinvestor
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