This week in HiveEx.com’s weekly coin analysis, 1,592 coins were analysed to find the biggest movers and shakers over the past seven days. To find this, HiveEx.com looks at price, trade value and market cap.
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Over $138.3 billion was traded over the past week, which is a 17% decrease on the week prior. The greatest price increase was seen by Global Cryptocurrency (GCC), which was up 818%. As for 24-hour trading volume, Huobi Token (HT) had the most increase.
Out of the top 100 coins by market cap, Zcash saw the greatest increase in price, while Mithril had the opposite – a decrease of 33%. In terms of 24-hour trading volume, Populous saw the greatest increase at 475%, while Kin saw the biggest drop in volume, falling by 87%. For more detail, check out the findings below.
HiveEx.com Weekly Coin Analysis Of 1,592 Coins: Huobi Token Sees Biggest Increase In 24 Hour Volume
- Weekly analysis of 1,592 coins as well as top 100 coins weekly movements
- US$138.3 billion traded in the past week – 17% down on the week prior
- Biggest 7-day price growth by percentage was Global Cryptocurrency up 818% to US$0.0120
- Biggest 24-hour trading volume was Huobi Token, up US$123.4 million to US$175.4 million
- Global Cryptocurrency sees biggest increase in market cap, up by 913% to US$10.3 million
For immediate release, Monday, May 21, 2018, Sydney, Australia – Cryptocurrency brokerage OTC trading service, HiveEx.com, has released its weekly coin analysis of all 1,592 coins available on CoinMarketCap.
Each week, HiveEx.com will analyse the performance of these coins, including a seven-day change in value and growth of coins, trade value change, and market capitalisation. A separate analysis of the top 100 coins by market cap has also been included in the weekly report.
Key Findings:
1,592 coins analysis
All prices listed are in US dollars unless otherwise specified.
7-day volume
The total volume traded in cryptocurrencies over the last seven days was $138.3 billion. This has decreased by 17% compared to the previous week.
The top five cryptocurrencies by total seven-day volume are:
- Bitcoin at $42.8 billion
- Tether at $21.96 billion
- Ethereum at $16.9 billion
- EOS at $10.1 billion
- Bitcoin Cash at $6.1billion
Price
Regarding percentage growth, Global Cryptocurrency saw the biggest increase in price, up 818% to $0.0120, while Copico saw the biggest drop in price, down 90.85% to $0.0035.
Bit20 saw the biggest increase in price. Its value increased by $98,524 to $847,119, while Project-X saw the biggest drop in price, down $7,207 to $103,461.
Top 5 biggest 7-day increase in price by percentage growth (USD)
Source: HiveEx.com, CoinMarketCap, current price as at 8:00am EST May 21 2018
24-hour trading volume
Regarding percentage growth, CHIPS saw the biggest increase in 24-hour volume, up 157,141% to $447.96, while Freicoin saw the biggest drop in volume, by 99.97% to $0.02.
Huobi Token saw the biggest increase in 24-hour volume. Huobi Token’s 24-hour volume increased by $123.4 million to $175.4 million, while bitcoin saw the biggest drop in volume, by $907.2 million to $4.9 billion.
Market capitalisation
Regarding percentage growth, Global Cryptocurrency saw the biggest increase in market cap, up 913% to $10.3 million, while Copico saw the biggest drop in market cap, down 90.85% to $54,750.
Zcash saw the biggest increase in market cap. Zcash’s market cap increased by $356.8 million to $1.4 billion, while Bitcoin saw the biggest drop in market cap, down $4.3 billion to $144.5 billion.
Market capitalisation: rank
SelfSell saw the biggest increase in rank position. SelfSell’s rank increased by 1,105 spots to 269. Switcheo saw the biggest drop in rank, down 1,064 spots to position 1,376.
Top 5 biggest increase in market cap rank by percentage growth
Source: HiveEx.com, CoinMarketCap, current as at 8:00am EST May 21 2018
Key Findings:
Top 100 coins by market cap
Price
Regarding percentage growth, Zcash saw the biggest increase in price, by 33% to $346.8230, while Mithril saw the biggest drop in price, down 32.65% to $0.7720.
Regarding price change based on value, Zcash saw the biggest increase in price. Zcash’s value increased by $87 to $347, while Bitcoin saw the biggest drop in price, down $256 to $8,478.
Top 5 biggest 7-day increase in price by percentage growth (USD)
Source: HiveEx.com, CoinMarketCap, current price as at 8:00am EST May 21 2018
24-hour trading volume
Regarding percentage growth, Populous saw the biggest increase in 24 hour volume, by 475% to US$38,036,200.00, while Kin saw the biggest drop in volume, by 86.46% to US$568,547.00.
Regarding price change by volume, Huobi Token saw the biggest increase in 24-hour volume. Huobi Token’s 24-hour volume increased by $123,396,200 to $175,382,000, while Bitcoin saw the biggest drop in volume, by $907,170,000 to $4,926,090,000.
Market capitalisation
Regarding percentage growth, Zcash saw the biggest increase in market cap, by 35% to US$1,372,844,654, while Mithril saw the biggest drop in market cap, by 32.65% to US$236,549,651.
Zcash saw the biggest increase in market cap. Zcash’s market cap increased by $356,816,125 to $1,372,844,654, while Bitcoin saw the biggest drop in market cap, by $4,254,856,652 to $144,495,997,630.
Market capitalisation: rank
iExec RLC saw the biggest increase in rank position. iExec RLC's rank increased by 25 spots to 96, while Mithril saw the biggest drop in rank, by 14 spots to position 76.
Top 5 biggest increase in market cap rank
Source: HiveEx.com, CoinMarketCap, current as at 8:00am EST May 21 2018
The full details of the analysis, including data tables for all measured areas of performance, can be viewed here: https://www.hiveex.com/news/weekly-coin-analysis-may-14-to-may-21-2018
Comments from HiveEx.com CEO and co-founder, Fred Schebesta:
“We’ve created this analysis to help traders see where the biggest movers are coming from each week. We’ll now also be narrowing down on the top 100 coins, to see how the biggest players in the space are performing.
“When it comes to the biggest increase in market cap, Zcash (ZEC) took the lead over the past week, jumping by $356.8 million to $1.4 billion. The surge is likely due to the coin’s recent listing on Gemini, the cryptocurrency exchange owned by the Winklevoss Brothers. The announcement was made during the Consensus conference in New York City last week, triggering an immediate spike in both price and trading volume. It appears the excitement isn’t quietening down, as the coin has continued to show strong results throughout the week.
“The announcement by Gemini made it the world’s first licensed exchange of Zcash. With such promising figures, we may see other reputable exchanges start to list the coin in the near future. But we shouldn’t jump the gun with this prediction, as the coin is known for anonymous transactions, which can make tracing the source of transactions virtually impossible. It’s this anonymity that lead the Japanese exchange Coincheck to delist the currency this week, along with Monero (XRM) and Dash (DASH).
“The very reason for the coin’s popularity could be the very reason it stagnates. Though it’s more likely these are minor speed bumps that will smooth out with time. For now, it seems all eyes are on Zcash.”
Notes to editors:
- Movements in rank, price, 24-hour volume and market capitalisation were calculated by subtracting the actual figure on the previous Monday from the current figure.
- Percentage growth in rank, price, 24-hour volume and market capitalisation were calculated by subtracting the figure on the previous Monday from the current figure. This result was then divided by the figure from the previous Monday. It was then multiplied by 100 to give a percentage.
- The 7-day volume was calculated by adding together the 24-hour volumes for the week.
- Fred Schebesta, CEO and co-founder of HiveEx.com, is available for comment, opinion or interview regarding the new market analysis.
About HiveEx.com
HiveEx.com is an over the counter (OTC) cryptocurrency trading desk, aimed at Sophisticated/Accredited Investors, which buys and sells large volumes of cryptocurrency, at a fixed price. HiveSpend.com is a blockchain payments service for bills using BPAY, and part of HiveEx.com. Hive Empire Trading Pty Ltd (trading as HiveEx.com) is a subsidiary of Hive Empire Ventures Pty Ltd. It was created by the co-founders of finder.com.au and finder.com. Hive Empire Trading Pty Ltd (trading as HiveEx.com) is registered with AUSTRAC, since April 23, 2018.
