The cryptocurrency market managed to maintain a market cap of over $1 trillion throughout the majority of last week and is entering Week 45 with a total valuation of $1.06 trillion. The bullish market conditions not only survived but even amplified after the U.S. Federal Reserve announced another 0.75% interest rate hike on November 2….
The cryptocurrency market performed a smaller rally mid-last week, which carried the total market capitalization of the sector back above $1 trillion, which was a first such occurrence in over a month. However, the rally was not sustained, and the market cap quickly dropped below $1 trillion again. Do you think coins from our Top 3 Coins to Watch article can carry the total market cap back above the glorified $1 trillion? The most likely answer is no, since these coins have much smaller market capitalizations compared to BTC and ETH and therefore need to post much higher gains for it to reflect in the total crypto market cap. Nevertheless, we do believe these three crypto assets have room for quite some more gains.
The cryptocurrency market entered Week 43 with a total market capitalization of $948 billion. While the total market capitalization remained almost unchanged as compared to the total capitalization at the start of last week, both largest cryptos ended the week in the green with BTC gaining 1.5% and ETH twice as much. Klaytn (KLAY) and Huobi Token (HT), our #1 Top Coin to Watch from last week’s article, were the best performing assets out of crypto Top 100, with a 34% and a 21% gain respectively. Can this week’s #1-coin repeat Huobi Token’s success?
The total cryptocurrency market capitalization dropped by some $20 billion throughout last week, causing the cryptocurrency sector to enter Week 42 with a total valuation of only $945 billion. Judging by the fact that the total market capitalization is following a slightly decreasing trend, it seems more likely that the market will dip below $900 billion valuation before we will se market caps higher than $1 trillion again. Nevertheless, each week one can find several coins that stand out from the recently mostly negative general market trend. This week, we have identified the following three “exchange coins” – 2 belonging to CEX platforms and 1 belonging to a popular DEX protocol.
With no major moves in the valuations of largest cryptocurrencies last week the total cryptocurrency market capitalization still lingers below $1 trillion. The only notable exception was Ripple (XRP), which gained almost 20% last week as investors still await the resolution of the SEC legal battle. Nevertheless, this was not enough to cause a noteworthy increase the total market capitalization, which stood at $962 billion at the beginning of this week. In hopes that we will soon see more green numbers and a market cap higher than $1 trillion, we place our bets on the following three projects this week.
After another week with no bigger moves on the cryptocurrency market, the total cryptocurrency market capitalization stands at $970 billion as we enter Week 40. Bitcoin has been trading below $20,000 for the majority of the week, but the number of coins that remained unmoved in the past 90 days has hit the all-time high. This indicates that there is still a large percentage of strong-hand holders among us. With no foreseeable moves expected in the prices of Top 20 cryptos (except for XRP – which we are still following to see whether and how the SEC lawsuit will end), we have turned to smaller market cap but still reputable coins and tokens for this week’s Top 3 Coins to Watch selection.
The total cryptocurrency market capitalization is again in a slow but steady decline. The total valuation of all cryptocurrecies in circulation combined accounted for $945 billion at the beginning of this week. However, while the average price change last week was negative several crypto assets defied the market trend and stood out by posting high gains. Best performers of last week were Ripple (XRP), Quant (QNT) and Algorand (ALGO).
Despite the successful competition on The Merge on the Ethereum mainnet on Thursday, September 15, ETH and the majority of other cryptocurrencies lost value last week. While the total market capitalization peaked at $1.1 trillion on Tuesday, it took a dive towards the $1 trillion line on Wednesday and dropped below this psychological line soon after The Merge was completed. Possible culprits for the downward trend include growing inflation as crypto market plunged in correlation with the stock market. Furthermore, the red numbers could also be a result of hype-driven investors and speculative traders dumping their ETH soon after the big event was behind us, as ETH ended the week as one of the biggest losers, ending the week with an almost 20% loss.
After a few weeks of rather sideways trading, the cryptocurrency market has demonstrated a slight growth in valuation last week. While the total market capitalizations accounted for almost exactly $1 trillion last Sunday, the total valuation of all cryptocurrencies combined stood at almost $1.1 trillion at the beginning of Week 37. Nevertheless, some cryptos exceeded the market average growth of 10%. These include LUNA, LUNC, RVN, HNT and ATOM to mention just a couple currencies that have demonstrated the fastest growth in terms of relative price change throughout last week. To find out which coins could end up dominating the list of gainers for this week, continue reading this article.