A Small Increase Is Still An Increase — A Market Analysis

in #cryptocurrency6 years ago

 
 

After yesterdays increase of nearly $9 billion USD we still do see a small increase today.

 
 
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Total Market Capitalization:

After starting in the day with literally no movement the market started to increase a few hours ago. After hitting its todays high of more than $294 billion USD total market capitalization the market started to decrease once more. Adding all this up we do see still an small increase of more than $0.5 billion USD, from nearly $288.5 billion USD total market capitalization 24 hours ago to more than $289 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]39,88%
Ethereum [ETH]18,47%
Ripple [XRP]7,37%
Bitcoin Cash [BCH]5,31%
Litecoin [LTC]1,95%
IOTA [MIOTA]1,13%
NEO [NEO]0,89%
Dash [DASH]0,73%
Monero [XMR]0,70%
NEM [XEM]0,62%
Others22,94%

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Top 15 chart (measured by their Market Capitalization):

 
Despite the small increase we do see on the market today we are only able to spot five green numbers in our top 15 chart with the best performing Cryptocurrency being TRON [TRX] today with an increase of nearly 7% over the course of the last 24 hours followed by Ethereum [ETH] showing an increase of nearly 3% today. Worst performing Cryptocurrency in our top 15 chart is once more Binance Coin [BNB] today with an decrease of nearly 3% today followed by Dash [DASH] showing an decrease of more than 2% today:

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Source

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Top Gainer Today (out of the Top 100):

 
Only two double digit increases can be spotted in our top 100 chart, measured by their market capitalization, today being Huobi Token [HT] with an increase of nearly 15% today and Bibox Token [BIX] showing an increase of nearly 13% over the course of the last 24 hours:

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Source

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Top Loser Today (out of the Top 100):

 
Worst performing Cryptocurrency in our top 100 chart is once more Veritaseum [VERI] with an increase of more than 7% over the course of the last 24 hours followed by Aion [AION] showing an increase of nearly 6% 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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