Here’s a look at the performance of the Top 10 cryptocurrencies – by 24h trading volume – on the CryptoCompare chart, as well as winners and losers across the board.

Headlines

– Prices largely in limbo, market cap & volumes up

– Bitcoin (BTC) trades sideways

– Ethereum struggles again, back below $300

– Ontology into Top 10 volumes, picks up 11% on price 

– Four 10%+ gains across all coins

Updated at 1.45pm (UK GMT+1) August 20th, 2018..

The Top 10, as of 11am (UTC+1) August 20th, 2018 looked like this…

Overview

On the back of reasonable volumes, considering the recent performance of the market, the last 24hrs have seen calm across the T0p 10 cryptocurrencies – though only two have managed to add value over that time – with one of those registering a less than 1% lift. The other major cryptocurrencies fell back somewhat in that time, though only one has lost more than 3% since yesterday. 

One new coin enters the most-traded list in 8th position, on the back of a volume of just over $145m in total. It would have required around $6m more volume of trading to get on to the chart today as compared to our last full report.

The total market cap of all cryptocurrencies is currently up from our last report before the weekend, to $2.14bn, according to Coinmarketcap. The total market cap peaked early Saturday morning (UTC) was at over $225bn however, it’s highest point since August 10th. It receded during the day, though, briefly dropping below $2.09bn before slowly gaining ground again across Sunday.

Bitcoin accounts for nearly 52% of that current total at the time of writing, around a little over a single percent less that at the end of last week. Interestingly, over the weekend, BTC dominance dropped back close to 50% – the first time it has been as low as that since August 11th, shortly after it re-crossed the 50% threshold for the first time since mid-December 2017. Hinting that, at that point, the boost in market as a whole was being driven by altcoin recovery while BTC remained relatively stable.

Return to Top of page

 The performance of Bitcoin (BTC) this weekend was largely constrained within the price band we outlined in our report on Friday.  Thus, apart from one very brief break above $6,600 early Saturday (UTC), trading was between $6,550 and $6,300. There was, of course, plenty of action within that range with a noticeable trough forming over the weekend, defined by a sharp fall Saturday afternoon and a sharp rise on Sunday – the latter of which appeared to be driven by large trades made via BitMEX.

Once again, losing less than 1% amounts to little more than a mild hum in the noise generated by volatile crypto markets.

Here’s Bitcoin’s trajectory over the weekend and today so far, courtesy of Trading View.

Here’s how Bitcoin’s price looks right now…

Return to Top of page

Ethereum (ETH) had a rougher time of it over the weekend, failing to convincingly break resistance at the all-important $300 mark despite a concerted recovery over the latter part of last week following a torrid couple of days where commentators across the industry began to question its viability, these included being branded a “shitcoin” by BitMEX’s Arthur Hayes, and being ridiculed by the EOS innovator Daniel Lamier.

While the boost we reported on Thursday was sustained through Friday – as the chart about shows – ETH suffered alongside Bitcoin overnight going into the weekend, but didn’t manage to recover anywhere near as convincingly in the aftermath of the drop.

Though it has consistently received support around and just above the $285 mark in trading, which is itself above where it fell to last week, its position seemingly remains somewhat precarious. It seems, at the very least, easily effected by the winds of opinion at the moment – perhaps more than the other major cryptos, especially Bitcoin.

While, compared to parts of last week, there was nothing particularly eye-catching in terms of losses across the rest of the Top 10, it’s hard to characterise the mood as positive. Both QTUM (QTUM) and Ripple (XRP) managed to shed around 3% of their respective prices against the Dollar, with ZCash (ZEC) not far behind. The latter, though, managed to retain the interest it seems to have found recently in the declining market, and keeps its place in Top 10 for at least another day.

The interest in Ethereum Classic (ETC) driven by last week’s Coinbase listing appears to have wained, as its trading volume is now back down significantly from last week when well over double that was moving around in 24hrs at various points.

And here’s how the Top 10 looks at the moment, according to CryptoCompare…

Return to Top of page

Joining the Top 10

Ontology (ONT) moves back into the Top 10 after a while out of the chart. It’s spike comes on the back of a mainnet launch, livestreamed from Seoul over the weekend.

It has also recently announced a team up with Bollywood streaming giant Spuul to use its dApp network for a new service called Spokkz for the tokenised distribution of movies in India, Malaysia and Indonesia.

Here’s how Ontology looks now, price-wise.

Leaving the Top 10

Tronix (TRX) drops out of the Top 10 today.

Here’s how its price looks right now…

Biggest Movers by %

Within Top 10:

Ontology (ONT) as well as moving into the Top 10 also got the biggest move in price too – with an 11% boost it was not only one of two to make a positive move, but the only one in the Top 10 worth of note, really.

Return to Top of page

Outside Top 10:

Here are Top 10 gainers in terms of price over the last 24hrs…

Return to Top of page

Here are the Top 10 losers.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here