Still Decreasing — A Market Analysis
Seems like the market slowed down recently. Today we once more see a small increase on the market.
Total Market Capitalization:
After starting in the day with an slow but steady increase the market started to decrease slowly after hitting its highest value of nearly $292 billion USD total market capitalization up until now. Adding this all up we do see a small decrease of more than $1 billion USD, from more than $288 billion USD total market capitalization 24 hours ago to nearly $287 billion USD at time of writing:
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.
| Cryptocurrency | Dominance |
|---|---|
| Bitcoin [BTC] | 40,25% |
| Ethereum [ETH] | 18,45% |
| Ripple [XRP] | 7,33% |
| Bitcoin Cash [BCH] | 5,25% |
| Litecoin [LTC] | 1,93% |
| IOTA [MIOTA] | 1,12% |
| NEO [NEO] | 0,86% |
| Dash [DASH] | 0,74% |
| Monero [XMR] | 0,69% |
| NEM [XEM] | 0,60% |
| Others | 22,78% |
Top 15 chart (measured by their Market Capitalization):
Despite the quite small decrease we see on the market today we are only able to spot two green numbers in our top 15 chart being Binance Coin [BNB] with an increase of nearly 6% over the course of the last 24 hours followed by Monero [XMR] showing an increase of 0,34% today. Worst performing Cryptocurrency in our top 15 chart today is NEO [NEO] with an decrease of more than 3% today followed by Cardano [ADA] showing an decrease of nearly 2% today:
Top Gainer Today (out of the Top 100):
Only three double digit increases can be spotted in our top 100 chart, measured by their market capitalization, being Centrality [CENNZ] with an astonishing increase of more than 52% over the course of the last 24 hours, FunFair [FUN] also showing an astonishing increase of more than 24% today and last but not least Basic Attention Token [BAT] showing an increase of nearly 16% today:
Top Loser Today (out of the Top 100):
Not a single double digit decrease today in our top 100 chart. Worst performing Cryptocurrency in it is again WaykiChain [WICC] with an decrease of more than 9% over the course of the last 24 hours shortly followed by Scry.info [DDD] also showing an decrease of more than 9% today:
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Thanks for sharing. I found it very interesting.
Although I really hope it won't happen, there are people saying that we have concrete possibilities that bitcoin will fall below 6.000 dollars (maybe $ 5.000) before another bull run is going to start... but sooner or later for sure it will!
Talking about ICOs, after doing your own research, also finding good ICO projects can be profitable.
There are many good crypto related projects that are developing now.
If I can give you guys my opinion, I discovered an exciting one: RAWG.
Just now the RAWG team won TWO blockchain contests in one day. Amazing! Have a look at this article explaining this great result:
https://medium.com/rawg/wizardry-product-transparency-5325fd85557a
Like they say: “This is RAWG’s promise to become one of the trustworthy projects in the sea of fraud and scam”.
If you want to have a look and get some information, the ICO will start in a short period and they are at the moment in pre-ICO phase.
The ICO site is this one: https://token.rawg.io/.
It's a video game discovery platform that converts your skills into goods and services.
You can earn tokens by playing your favorite games. The site is already working, with more than 50,000 games in the database and new games are getting added every day.
Have a look. I hope this information is helpful!