Bitcoin Cash (-31% week-on-week) was the only cryptocurrency which saw some correction, but that was largely expected after the extensive bull run that it saw last week. Also, an inverse relationship has been observed in the prices of Bitcoin and Bitcoin Cash.
Neo (+ 58% week-on-week) was this week’s top gainer amid rumours that China was considering loosening its regulation of cryptocurrencies. Although, it is interesting to note that around 50% of the daily volume is coming from Bittrex which suggests that Westerners are more interested in Neo rather than people from China. Iota (up 57% w-o-w) and Bitcoin (up 26% w-o-w) were the other major gainers this week, with Bitcoin catching up to its previous all time high of around $7800 and holding it steadily.
Now that we’re past all the contentious hard forks and the two Bitcoin camps have their distinct road map laid out, we can let the market decide which is the ideal scaling strategy for Bitcoin. Hard forks in the past few months have caused a lot of fear and uncertainty in the minds of investors and now we’re finally moving away from them. If the current trend for growth continues, we could see Bitcoin break $10,000 by the end of the year and see similar kinds of growth trickle down into alt coins.
KryptoMoney.com publishes a list of top ten cryptocurrencies on every Sunday. This is our 28th weekly report and the previous one was published on 12 November 2017.
| S.No. | Name | Market Capitalisation * | Price
(in US$) |
Supply
(in Circulation) |
| 1 | Bitcoin | $129,842,928,012 | $7,780.43 | 16,688,400 BTC |
| 2 | Ethereum | $34,552,604,730 | $360.60 | 95,820,289 ETH |
| 3 | Bitcoin Cash | $19,605,173,641 | $1,166.27 | 16,810,150 BCH |
| 4 | Ripple | $8,875,154,458 | $0.23 | 38,622,892,459 XRP |
| 5 | Litecoin | $3,842,449,436 | $71.30 | 53,892,808 LTC |
| 6 | Dash | $3,424,144,246 | $444.83 | 7,697,612 DASH |
| 7 | NEO | $2,769,578,500 | $42.61 | 65,000,000 NEO |
| 8 | IOTA | $2,304,272,298 | $0.83 | 2,779,530,283 MIOTA |
| 9 | Monero | $2,022,044,449 | $131.54 | 15,371,737 XMR |
| 10 | NEM | $1,797,903,000 | $0.20 | 8,999,999,999 XEM |
Source= coinmarketcap
*Market Capitalization is calculated by multiplying the price with the supply of coins in circulation.
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