Weekly Market Review 1.1
Market overview
This week, the overall market capitalization for the top 100 cryptocurrencies increased, with 61 projects increased in value to varying degrees. According to coinmarketcap, as of February 25th, 2019, the total market cap of the top 100 cryptocurrencies was 122.90 billion U.S. dollars, increased by 3.48% from last week, among which, VERI had the largest decreased of 19.19% in market cap, bringing its market cap ranking from No.82 to No.99, while S4F had the largest increased of 916.31% in market cap, bringing its market cap ranking from No.273 to No.56. In addition, there were 3 projects that entered TOP100, namely, S4F, QASH(increased 34.77%, now No.90), CENNZ(increased 20.42%, now No.97). As of February 25th, 2019, Bitcoin was traded at 3810.43 USD, 3.64% higher than its price last week. Ethereum was traded at 135.85 USD, 2.08% higher than its price last week.
The overall 24h trading volume increased this week. Overall, the 24h trading volume increased by 71.9% compared with the same period of last week. In this week, 55 of the top 100 projects increased by more than 20% in 24h trading volume, led by ETP with a weekly increase of 665.4%; there were 18 projects that saw over 20% decrease in their 24h trading volume, led by ARK, with a decreased of 93.74%.
The top 10 cryptocurrencies’ market share distribution remained stable. On February 25th, the overall market cap of the top 10 cryptocurrencies was 108.57 billion USD, up by 3.52% from last week, accounting for 85.06% of the total market capitalization of cryptocurrencies, slightly increased from last week. BTC’s dominance was 52.41%, up by 0.20% from last week.
Full Report Here: Huobi Research Weekly 2/18 – 2/24
