- Weekly Market Review
1.1 Market overview
This week, the overall market capitalization for the top 100 cryptocurrencies increased, with 62 projects increased in value to varying degrees. According to coinmarketcap, as of February 17th, 2019, the total market cap of the top 100 cryptocurrencies was 118.77 billion U.S. dollars, increased by 0.25% from last week, among which, AOA had the largest decreased of 18.34% in market cap, bringing its market cap ranking from No.74 to No.85, while STORJ had the largest increased of 70.81% in market cap, bringing its market cap ranking from No.140 to No.96. In addition, there were 4 projects that entered TOP100, namely, MOAC (increased 28.5%, now No.86), ELF(increased 10.09%, now No.93), TOMO (increased 17.88%, now No.100), STORJ(increased 70.81%, now No.96). As of February 17th, 2019, Bitcoin was traded at 3673.84 USD, 0.33% higher than its price last week. Ethereum was traded at 133.6 USD, 10.81% higher than its price last week.
The overall 24h trading volume increased this week. Overall, the 24h trading volume increased by 12.23% compared with the same period of last week. In this week, 38 of the top 100 projects increased by more than 20% in 24h trading volume, led by STORJ with a weekly increase of 3094.77%; there were 20 projects that saw over 20% decrease in their 24h trading volume, led by THETA, with a decreased of 87.73%.
The top 10 cryptocurrencies’ market share distribution remained stable. On February 17th, the overall market cap of the top 10 cryptocurrencies was 104.88 billion USD, up by 0.10% from last week, accounting for 84.96% of the total market capitalization of cryptocurrencies, similar to the previous week. BTC’s dominance was 52.21%, down by 0.37% from last week.