Another week has passed, so it is time for us to review the behavior of the major cryptocurrencies for the last seven days. Let’s begin:
Top 10 Cryptocurrencies - Market Value
1 - BTC: $9148.51, with a change of -0.10% since yesterday and -2.25% since last week.
2 - ETH: $229.03, with a change of -0.19% since yesterday and 0.06% since last week.
3 - USDT: $0.9995, with a change of -0.04% since yesterday and -0.05% since last week.
4 - XRP: $0.1815, with a change of -0.49% since yesterday and -3.41% since last week.
5 - BCH: $229.08, with a change of -0.68% since yesterday and -1.59% since last week.
6 - BSV: $166.84, with a change of -0.74% since yesterday and -3.60% since last week.
7 - LTC: $42.63, with a change of -1.02% since yesterday and -2.18% since last week.
8 - BNB: $15.63, with a change of -0.82% since yesterday and -2.74% since last week.
9 - COMP: $237.10, with a change of 4.89% since yesterday and 64.18% since last week.
10 - EOS: $2.46, with a change of -0.85% since yesterday and -3.07% since last week.
Without any news that directly impact the behavior of the big names like BTC and ETH, much like this week, we often get to see the cryptocurrency market behave “freely” and rely only on the sentiment of its users and enthusiasts. A slight drop for all the major tokens is seen after a mid-week rally that drove BTC to surpass the $9,600 mark for a day, but it came back down after 27 hours and it’s now trading around $9,100.
In a stark contrast, however, we see the astonishing climb of COMP, the Compound platform’s governance token, to reach a place in the top 10 while pulling the weight of the DeFi market with it. The token was released to the public a few days ago, and it has given the platform a place in everyone’s mouth since then. Now that Compound is entirely community-driven and everyone can acquire a vote in the decisions taken regarding many important topics within the platform, we should pay attention to see how it develops and how others might replicate the system. (Note: the plot provided uses data from before the release, so the percentages calculated might differ from what is shown)
Top 10 Cryptocurrencies - Performance
1 - BRC: $0.0013702, with a change of 196.95% since last week.
2 - MOF: $0.155, with a change of 143.18% since last week.
3 - MTC: $0.005679, with a change of 0.85% since last week.
4 - MIN: $1.503, with a change of 108.06% since last week.
5 - GNT: $0.05232, with a change of -7.76% since last week.
6 - GAME: $0.09101, with a change of 45.78% since last week.
7 - ONG: $0.009336, with a change of -6.10% since last week.
8 - NLC2: $0.002012, with a change of 53.59% since last week.
9 - REQ: $0.02836, with a change of 66.53% since last week.
10 - CEL: $0.418, with a change of 52.44% since last week.