The time for another weekly recap has come. This week, the market mostly moved in a healthy way, with a big surprise among the top 10 currencies, but let’s take a look at the plots before we analyze what happened.
Top 10 Cryptocurrencies - Market Value
1 - BTC: $10001.47, with a change of -1.72% since yesterday and -3.51% since last week.
2 - ETH: $215.84, with a change of -1.11% since yesterday and 14.26% since last week.
3 - XRP: $0.2884, with a change of -1.87% since yesterday and 9.99% since last week.
4 - BCH: $311.34, with a change of -1.43% since yesterday and 2.19% since last week.
5 - LTC: $73.45, with a change of -2.26% since yesterday and 3.89% since last week.
6 - EOS: $4.009, with a change of -0.25% since yesterday and -0.72% since last week.
7 - USDT: $1.002, with a change of 0.00% since yesterday and -0.10% since last week.
8 - BNB: $20.97, with a change of -1.50% since yesterday and -0.19% since last week.
9 - BSV: $122.16, with a change of -0.74% since yesterday and 2.51% since last week.
10 - XLM: $0.07104, with a change of -1.50% since yesterday and 20.55% since last week.
As if it wasn’t clear enough with the charts, ETH was clearly an outlier this week, and a very positive one at that. Analysts are linking to a massive influx of bullish traders towards Ether as a result of the release of Binance America approaching.
Along with ETH, many altcoins are also reaping the benefits of attracting the bulls. The first example is XLM, which reached a maximum of 42% growth during this week compared to the last one, and plenty of other altcoins reached double percents of increase. We might be in front of a new bull run, driven forward by altcoins, that could possible permeate to the bigger names after seeing how well ETH is doing.
Top 10 Cryptocurrencies - Performance
1 - ABBC: $0.2462, with a change of 187.89% since last week.
2 - FDZ: $0.003756, with a change of 121.20% since last week.
3 - EXP: $0.05759, with a change of 112.90% since last week.
4 - SBD: $0.389, with a change of 75.03% since last week.
5 - PASC: $0.1722, with a change of 72.54% since last week.
6 - XST: $0.08241, with a change of 65.62% since last week.
7 - PXG: $0.0005, with a change of 64.86% since last week.
8 - DLT: $0.05367, with a change of 54.94% since last week.
9 - QNT: $8.78, with a change of 52.63% since last week.
10 - FUEL: $0.00611, with a change of 43.76% since last week.
This means that our next week’s feature will cover ABBC, a mainly Dubai-based company which offers solutions for the most common eCommerce problems on today’s platforms: slow payments, high transaction fees and limited payment options. The climb in price is most likely related to the release of their whitepaper (two days ago, at the time of writing), but we’ll talk more about that next week.