And We Are Back Increasing — A Market Analysis
After the huge dip we saw over the last 2 days the market seemed to finally stabilize itself and we start to increase once more.
Total Market Capitalization:
Today we see the total market capitalization pretty much increasing steady over the whole day with some little up and downs in between. All in all the total market capitalization increased more than $24 billion USD today, from more than $381 billion USD total market capitalization 24 hours ago to more than $405 billion USD total market capitalization 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] | 36,36% |
| Ethereum [ETH] | 17,99% |
| Ripple [XRP] | 7,19% |
| Bitcoin Cash [BCH] | 6,28% |
| Litecoin [LTC] | 2,02% |
| IOTA [MIOTA] | 1,38% |
| NEO [NEO] | 1,09% |
| Monero [XMR] | 0,84% |
| Dash [DASH] | 0,83% |
| NEM [XEM] | 0,78% |
| Others | 25,25% |
Top 15 chart (measured by their Market Capitalization):
Reflecting the the increasing pattern we see on the market today we can’t spot a single red number in our top 15 chart today with the best performing Cryptocurrency in it being TRON [TRX] with an increase of more than 12% over the course of the last 24 hours followed by Stellar [XLM] with an increase of more than 11% today:
Top Gainer Today (out of the Top 100):
Best performing Cryptocurrency in our top 100 chart, measured by their market capitalization, is Kin [KIN] with an astonishing increase of more than 46% over the course of the last 24 hours followed by Bytecoin [BCN] with an increase of more than 23% today:
Top Loser Today (out of the Top 100):
Only seven red numbers can be spotted in our top 100 chart today and only two double digit decreases being WaykiChain [WICC] with an decrease of nearly 13% over the course of the last 24 hours followed by Mithril [MITH] with an decrease of more than 12% today:
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Great post. It seems there will be a bounce back up.
If we keep seeing bull follow through it's a good sign. I think we're just entering the second (B) leg of the elliots wave's for a pullback though. We could potentially test lower supports.
Despite the decreases to buy one of the main five cryptocurrences have been very risky
I agree if you are looking for an short term investment. Every run will be followed by a correction and since the market being that young and many in it literally have no clue what they are investing there money in corrections, like we saw, will lead to panicselling. Adding up to that is the regulation uncertainty at the moment. Literally no country knows how to handle Crypto regulations properly.
On the other side longterm I personally see a huge potential for an investment since, again in my opinion, we are here to stay and when people get educated about Cryptos and learn the real vision behind Cryptos they will start to understand the tremendous value for mankind, technology wise.