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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.
This week, the overall market capitalization for the top 100 cryptocurrencies slightly decreased, with 57 projects increased in value to varying degrees. According to coinmarketcap, as of September 30th, 2018, the total market cap of the top 100 cryptocurrencies was 214.92 billion U.S. dollars, increased by 1.50% from last week, among which, XET had the largest increase of 721.51%, bringing its rank up to No.56, while RHOC had the largest decrease of 22.69%, and its market cap ranking declined to No.69. In addition, there were 3 projects that entered TOP100, namely, XET (increased 721.51%, now no.56), GAS (increased 14.66%, now no.93), and DAI (increased 3.15%, now no.99). As of September 30th, 2018, Bitcoin was traded at 6590.68 USD, 1.97% lower than its price last week. Ethereum was traded at 232.24 USD, 3.68% lower than its price last week.
The overall 24h trading volume increased this week. Overall, the 24h trading volume increased by 0.72 % compared with the same period of last week. In this week, 11 projects of the TOP100 project increased by more than 100% in 24h trading volume, of which the highest was PIVX, with an increase of 1313.19%, followed by CMT with an increase of 568.90% compared to last week. This week, there were 57 projects that saw decrease in trading volume, with 15 projects declined more than 50%, of which the highest was MCO, decreased by 83.04%.
The TOP10 cryptocurrencies’ market share distribution remained stable, with the market cap of 7 out of 10 projects received increase to varying degrees. On September 30th, the overall market cap of the TOP10 cryptocurrencies was 190.76 billion USD, decreased by 1.45% from last week, accounting for 85.74% of the total market capitalization of cryptocurrencies, similar to last week. 7 projects among Top 10 projects saw decrease in their respective prices, led by XMR which had a decrease of 7.67%. BTC’s dominance was 51.23%, similar compared to last week.
Download the Full Report: Huobi Research Weekly (Vol.30)