- Weekly Market Review
1.1 Market overview
This week, the overall market capitalization for the top 100 cryptocurrencies decreased, with 50 projects decreased in value to varying degrees. According to coinmarketcap, as of January 27th, 2019, the total market cap of the top 100 cryptocurrencies was 114.83 billion U.S. dollars, decreased by 0.10% from last week, among which, AOA had the largest decreased of 32.88% in market cap, bringing its market cap ranking from No.60 to No.72, while HOT had the largest increased of 102.91% in market cap, bringing its market cap ranking from No.48 to No.21. In addition, there were 4 projects that entered TOP100, namely, CRO (increased -3.19%, now No.100), PPP (now No.65), ELA(increased 6.90%, now No.99), BCZERO(increased 34.8%, now No.95).
As of January 27th, 2019, Bitcoin was traded at 3595.27 USD, 0.25% higher than its price last week. Ethereum was traded at 115.26 USD, 3.13% lower than its price last week.
The overall 24h trading volume increased this week. Overall, the 24h trading volume decreased by 9.03% compared with the same period of last week. In this week, 24 of the top 100 projects increased by more than 20% in 24h trading volume, led by MKR with a weekly increase of 6660.65%; there were 36 projects that saw over 20% decrease in their 24h trading volume, led by GUSD, with a decreased of 86.76%.
The top 10 cryptocurrencies’ market share distribution remained stable. On January 27th, the overall market cap of the top 10 cryptocurrencies was 101.25 billion USD, down by 0.12% from last week, accounting for 86.80% of the total market capitalization of cryptocurrencies, increased by 2.33% from last week. BTC’s dominance was 53.96%, up by 1.43% from last week.
Read The Full Report Here: Huobi Research Weekly 01/21- 01/27
