Top 10 Recap - May 23rd, 2020

It’s time for another weekly recap, where we go quickly over the effects of recent news over the cryptocurrency market and its top tokens, along with the best 10 performing tokens through the week. Let’s take a look:

Top 10 Cryptocurrencies - Market Value

1 - BTC: $9180.95, with a change of 0.11% since yesterday and -2.20% since last week.

2 - ETH: $206.55, with a change of -0.35% since yesterday and 3.01% since last week.

3 - USDT: $1, with a change of 0.00% since yesterday and 0.03% since last week.

4 - XRP: $0.1989, with a change of -0.65% since yesterday and -0.35% since last week.

5 - BCH: $233.79, with a change of -0.37% since yesterday and -1.22% since last week.

6 - BSV: $192.56, with a change of -1.21% since yesterday and 2.24% since last week.

7 - LTC: $43.81, with a change of -0.93% since yesterday and 1.29% since last week.

8 - BNB: $16.46, with a change of -0.84% since yesterday and 2.43% since last week.

9 - EOS: $2.559, with a change of -1.35% since yesterday and -2.77% since last week.

10 - XTZ: $2.737, with a change of -2.22% since yesterday and 4.07% since last week.

As we can see, it seems that the short-term hype for BTC’s halving is starting to wear off. After a couple of days of trading around the $9,900 mark, the cryptocurrency giant dropped and is now rounding the $9,200 line. Analysts say the the indicators don’t point towards more drops in the following weeks, but it may be a while until we see Bitcoin breaking the $10,000 mark once more.

Altcoins are doing a bit better than their big brother, with most of them showing positive changes from last week, after a positive run that began in the early ours of the 22nd, a period where tokens like ETH and XRP managed to climb 4.5% and 3.6% respectively. This movement might be a reaction to the reduction in trading volumes of BTC (since investors might be looking at more fluid tokens), but it seems to early to draw any conclusions.

Top 10 Cryptocurrencies - Performance

1 - TFUEL: $0.008083, with a change of 196.95% since last week.

2 - SIX: $0.006338, with a change of 122.31% since last week.

3 - RFOX: $0.001655, with a change of 120.30% since last week.

4 - TIME: $1.34, with a change of 108.51% since last week.

5 - DRG: $0.0327, with a change of 107.24% since last week.

6 - OMG: $1.884, with a change of 101.58% since last week.

7 - DENT: $0.0001549, with a change of 88.78% since last week.

8 - BNT: $0.3642, with a change of 84.20% since last week.

9 - XSR: $0.00643, with a change of 81.14% since last week.

10 - LCX: $0.01605, with a change of 68.77% since last week.