The cryptocurrency market has held the $150 billion mark really well since last Sunday fluctuating between $140 billion and $151 billion, with Bitcoin (4% up), Ripple (30% up) and Neo (10% up) being the biggest gainers in the top ten cryptocurrency list. Bitcoin broke the $4500 mark for the first time today amid expectations of a contentious hard fork that is expected to take effect in mid November. The market has been very steady for the last one week which is a good indicator of people’s trust in cryptocurrencies after the recent ban of ICO in China and South Korea
Bitcoin is likely to see another major hard fork in November which is going to create a new Segwit2x chain, which will be called Bitcoin Gold. Futures for Bitcoin Gold have already started trading on Bitfinex at around $1300 and price for Bitcoin is expected to keep going up until the fork as more and more people want to acquire free Bitcoin Gold tokens. If the Bitcoin Cash hard fork is any indication, the trends could remain bullish for the next one month with Bitcoin reaching new all time high prices following the hard fork.
Read: What is Bitcoin Gold?
As the hard fork approaches, the market is expected see much more volatility in Bitcoin prices and Altcoins prices have already started the slow bleed which could be expected til mid November. However, privacy coins like Monero and Dash along with other established coins like Ethereum have not seen a lot of movement so they’re a good store of value for people who simply do not want to be a part of the mayhem that fork is expected to bring.
Also Read: Central Bank Of Russia Gives A Positive Nod To Cryptocurrencies
KryptoMoney.com publishes top ten cryptocurrencies list on every Sunday. This is our 22nd weekly report and the previous one was published last sunday on 1 October 2017.
| S. No.
|
Name
|
Market Capitalization*
|
Price
(in US$) |
Supply
(In Circulation) |
| 1 | Bitcoin | $74,265,285,567 | $4,470.86 | 16,610,962 BTC |
| 2 | Ethereum | $29,516,547,978 | $310.67 | 95,009,328 ETH |
| 3 | Ripple | $9,895,959,962 | $0.26 | 38,597,142,499 XRP |
| 4 | Bitcoin Cash | $5,891,440,147 | $353.26 | 16,677,113 BCH |
| 5 | Litecoin | $2,788,033,806 | $52.32 | 53,283,932 LTC |
| 6 | Dash | $2,363,352,528 | $310.60 | 7,608,917 DASH |
| 7 | NEM | $1,865,106,000 | $0.21 | 8,999,999,999 XEM |
| 8 | NEO | $1,789,570,000 | $35.79 | 50,000,000 NEO |
| 9 | IOTA | $1,455,173,048 | $0.52 | 2,779,530,283 MIOTA |
| 10 | Monero | $1,382,598,136 | $91.02 | 15,189,998 XMR |
Source= Coinmarketcap.com
*Market Capitalization is calculated by multiplying the price with the supply of cryptocurrencies in circulation.
KryptoMoney.com posts latest news and updates about Bitcoin, Cryptocurrencies and Blockchain and upcoming ICO’s. Subscribe to our newsletters to stay updated. Join our Telegram Channel to receive instant news.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
