Another Increasing Day — A Market Analysis
After yesterdays small increase we are still increasing today.
Total Market Capitalization:
Not much happening on the market today. Basically up until 2 hours ago the market decreased slowly and steady then started to increase fast more than $13 billion USD in just about 60 minutes. Adding this up we do see an increase of nearly $9 billion USD, from nearly $280 billion USD total market capitalization 24 hours ago to nearly $289 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.
|Bitcoin Cash [BCH]||5,28%|
Top 15 chart (measured by their Market Capitalization):
Reflecting the increase we see on the market today we are only able to spot three red numbers in our top 15 chart today with the worst performing Cryptocurrency in it being Binance Coin [BNB] today with an decrease of nearly 1% over the course of the last 24 hours shortly followed by Dash [DASH] also decreasing nearly 1% today. Best performing Cryptocurrency in our top 15 chart is TRON [TRX] with an increase of more than 5% today followed by Bitcoin Cash [BCH] showing an increase of more than 4% today:
Top Gainer Today (out of the Top 100):
Despite the good increase we see today we are only able to spot two double digit increases in our top 100 chart, measured by their market capitalization, today being Docademic [MTC] with an astonishing increase of nearly 33% over the course of the last 24 hours and ReddCoin [RDD] showing an increase of nearly 12% today:
Top Loser Today (out of the Top 100):
Worst performing Cryptocurrency in our top 100 chart is Loom Network [LOOM] today with an decrease of nearly 6% over the course of the last 24 hours followed by WaykiChain [WICC] showing an increase of more than 4% today:
Buy and Sell your cryptocurrencies on Coinbase, the most trusted digital currency exchanger out there and get free $10 worth of Bitcoin on your first transfer (min. $100).
Trade your cryptocurrencies on Binance, the fastest growing exchange in the world with the lowest fees on the market out their.
If you are new to Binance I created a step by step guide on How to trade STEEM on Binance, feel free to check it out!
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!
If you are interested in my opinions and daily cryptocurrency news updates feel free to upvote, resteem and: