Overall in the last seven days the market cap has risen from $254 billion to $273 billion, meaning the growth is over 7%. The green shoots of new growth do seem to be showing through. If we look at the figures for the previous week on Monday morning, in the top 100, 74 coins were in the green, 30% enjoying gains of over 10% and 15% having gains bigger than 20%. The market is not moving as one entity, which is good to see.
Bitcoin, a good steady week, enjoying a rise of just over 6%, finishing at $6757.
Ethereum, looking to try and cross the $500 soon again, getting over 7% growth and now at $483, in the same week that Vitalik declared that he hopes Centralized Exchanges burn in Hell.
Ripple, started the week strongly and then fell back, maybe on the announcement from Western Union that they had trialed the XRP token and found it not to be effective. Still up with an overall gain of two cents taking it to 48 cents.
Bitcoin Cash, holding its own, up nearly 2% to $746, having a bit of a lull in the second part of the week.
EOS, must be very grateful that they have stabilized out, and not hitting the news with new concerns, a good period taking them up nearly 60 cents to $8.59.
Neo are entering their “era of decentralization”, which means opening up some mainnet nodes to independent bodies among other things. The market reacted really positively to the news, giving them an unexpected win of nearly 21% on the week average.
Let’s move on to the biggest movers and losers in the top 100.
Biggest loser - Tezos, the currency that raised $232 million over a year ago and effectively got stuck in legal battles over legal control finally hit the markets with a chance to openly trade, and it seems people couldn’t get out fast enough, tumbling down by 45% at the start of the week to stabilize at the low level of about $2.20.
Second, behind Tezos, is Populous, losing 12.13% of its value. Remember last week, they were the biggest winner, gaining 55% in one week, crypto is a fickle and short game.
Biggest winners
Well, as the figures are put together at one set time, at that moment Bitcoin Diamond was enjoying a spectacular rise within a week, gaining over 90% of its value, but it reeks of manipulation which has now been born out with a crash in value like a lemming off a cliff, losing 50% of the value in one go. So not a real contender.
Behind that, Digibytes enjoyed a 70% increase to their value. I’m unsure of the reason for this coin that has been around since 2014; could well be another pump, waiting for a cliff edge dump.
Kucoin shares had a rise of almost 50% taking them to just under the $3 mark, recently having pulled out of Japan and also starting issuing rewards to users and mentioning a new tech agreement. Obviously not ready to burn in Hell yet.
Loom Network, which is a distributed apps platform aimed at the gaming market, have just successfully received a quarter million dollars from Kickstarter for a campaign to develop a zombie game which seems to have brought some focus to the token offering behind the project, taking it up 37%.
Monaco have an exceptionally good time at present. Last week, they were one of the big gainers, mostly due to the fact they seem to the be the only player that is managing to effectively still work with Visa. Well buoyed by success, they are rebranding themselves and have bought the famous web name crypto.com and up they go again, by a third.
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