Brought to you by Huobi Research Weekly – published by Huobi Research of Blockchain Application.

Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly.

This week, the overall market capitalization for the top 100 cryptocurrencies decreased, with 91 projects decreased in value to varying degrees. 

According to coinmarketcap, as of December 9th, 2018, the total market cap of the top 100 cryptocurrencies was 111.05 billion U.S. dollars, decreased by 17.16% from last week. 2 cryptocurrency projects entered the top 100 this week. 

As of December 9th, 2018, Bitcoin was traded at 3493.53 USD, 16.66% lower than its price last week. Ethereum was traded at 92.39 USD, 21.67% lower than its price last week.

The overall 24h trading volume increased this week. Overall, the 24h trading volume increased by 0.53% compared with the same period of last week. In this week, 22 of the top 100 projects increased by more than 20% in 24h trading volume, led by LTC with a weekly increase of 370.24%; there were 42 projects that saw over 20% decrease in their 24h trading volume, led by DEX, with a decreased of 93.02%.

The top 10 cryptocurrencies’ market share distribution remained stable, with TRX replacing ADA as rank No.10. On December 9th, the overall market cap of the top 10 cryptocurrencies was 94.76 billion USD, down by 16.95% from last week, accounting for 85.33% of the total market capitalization of cryptocurrencies, similar to last week. As of December 9th, TRX replaced ADA as the 10th largest cryptocurrency in terms of market capitalization. BTC’s dominance was 54.78%, up by 1.09% from last week.

Read Full Report Here: Huobi Research Weekly (Vol.40) 12.3-12.9

Posted by Editor