Cryptocurrency investors felt a joyful moment when BIP 91 locked in. Bitcoin Hard Fork was Averted which was supposed to happen on 1 August 2017. All the virtual currencies in the list of top ten cryptocurrencies were in green as Bitcoin Price was soaring.
But then, another shocking news came in. Bitcoin will fork on 1 August 2017 and the first decentralized cryptocurrency will split in two coins.
Yes, you got it right. There will be two Bitcoins. One, the original Bitcoin. And the other Bitcoin Cash.
Bitcoin Cash is basically the continuation of the original Bitcoin project i.e., a peer-to-peer decentralized digital cash. It proposes for an eight-fold increase in the block-size limit on August 1.
Bitcoin Cash offers a way to adjust the proof-of-work difficulty quicker than the normal 2016 block difficulty adjustment interval found in Bitcoin. It means the difficulty level will adjust pretty quickly should there be a low hash rate.
Click here to read more details about Bitcoin Cash.
Splitting of Bitcoin on August 1 created a sense of fear again in the investors. People started selling Bitcoins anticipating that Bitcoin prices will drop.
Though the Bitcoin prices did not dropped much, but altcoins suffered and were bathing in red.
Bitcoin Dominance crossed 50 % for the first time in Two Months as Altcoin prices decreases.
As of today, Sunday 30 July 2017, the cryptocurrency market is looking good and green.
With only 1 more day to go for Bitcoin splitting on August 1, there is a lot of excitement as well tension in the cryptocurrency market.
KryptoMoney.com reports a list of Top Ten Cryptocurrencies on every Sunday. This is our Fourteenth Report and the last one was published on 23 July 2017.
No major reshuffling happened in the list of top ten cryptocurrencies as compared as compared to last week. DASH and ETC switched posotion where DASH gained one posotion.
Although, the prices of all the cryptocurrencies are lower as compared to last week.
| S.No | Name | Market Capitalization* | Price (In US$) | Supply (In Circulation) |
| 1 | Bitcoin | $43,810,951,750 | $2658.73 | 16,478,150 BTC |
| 2 | Ethereum | $18,713,683,372 | $199.80 | 93,662,079 ETH |
| 3 | Ripple | $6,392,311,202 | $0.166757 | 38,333,090,674 XRP * |
| 4 | Litecoin | $2,121,277,437 | $40.61 | 52,234,832 LTC |
| 5 | NEM | $1,483,542,000 | $0.164838 | 8,999,999,999 XEM * |
| 6 | Dash | $1,320,919,063 | $177.14 | 7,457,006 DASH |
| 7 | Ethereum Classic | $1,313,595,822 | $13.97 | 94,033,804 ETC |
| 8 | IOTA | $753,466,731 | $0.271077 | 2,779,530,283 MIOTA * |
| 9 | Monero | $616,817,541 | $41.51 | 14,860,065 XMR |
| 10 | Stratis | $470,104,953 | $4.77 | 98,483,267 STRAT * |
Source = Coinmarketcap.com
*Market Capitalization is calculated by multiplying the price with the supply of coins in circuclation.
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