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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and
This week, the overall market capitalization for the top 100 cryptocurrencies declined, with 90 projects decreased in value to varying degrees.
According to CoinMarketCap, as of November 18th , 2018, the total market cap of the top 100 cryptocurrencies was 175.80 billion U.S. dollars, decreased by 13.98% from last week, among which, HC had the largest decreased of 36.69% and its market cap ranking dropped to No.100. In addition, there were 9 projects that entered TOP100, namely, FCT (increased 86.75%, now No.71), SRN (increased 77.24%, now No.83), ODE (increased 22.71%, now No.84), DGTX (increased 10.51%, now No.93), ELA (increased 4.26%, now No.91), BOS (decreased 10.29 %, now No.94), INB (decreased 16.78%, now No.98), PAY (decreased 19.28%, now No.99), THETA (decreased 21.77%, now No.99).
As of November 18th , 2018, Bitcoin was traded at 5563.68 USD, 13.16% less than its price last week. Ethereum was traded at 170.80 USD, 19.15% less than its price last week.
The overall 24h trading volume remained stable this week. Overall, the 24h trading volume increased by 0.02% compared with the same period of last week. In this week, 42 of the top 100 projects increased by more than 20% in 24h trading volume, of which the highest was FCT, with an increase of 9649.35%; there were 27 projects that saw over 20% decline in their 24h trading volume, of which the highest was ETN, with an decrease of 87.69%.
The top 10 cryptocurrencies’ market share distribution remained stable, with XRP surpassing ETH, which became the 2nd largest cryptocurrency in terms of market capitalization.
On November 18th , the overall market cap of the top 10 cryptocurrencies was 157.06 billion USD, down by 13.39% from last week, accounting for 85.97% of the total market capitalization of cryptocurrencies, similar to last week. As of November 18th, XRP surpassed ETH, which became the 2nd largest cryptocurrency in terms of market capitalization. BTC’s dominance was 52.94%, up by 0.70% from last week.
Read Full Report Here: Huobi Research Weekly (Vol.37) 11.12 -12.18