Technology

Sakura Bloom Up 291% In One Week As Ethereum Is biggest Loser Among Big Cryptos At -12%

This week in finder.com’s Weekly Coin Analysis, 1,620 coins – or, all of the coins listed on CoinMarketCap – were analysed. 64% of coins saw an increase in price over the past week, with an average increase of a whopping 1,535%.

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Over the past seven days, $99.3 billion was traded in cryptocurrency, a 10% increase from last week and the first increase since May. Out of the top five coins by trading volume, Ethereum was the only coin that decreased, dropping by 12%.

The coin with the biggest price increase was Sakura Bloom, shooting up 291% to US$0.014, followed by GoChain (178%) and Quantum (146%). Pure saw the biggest drop in price over the past week, down 82% to US$0.0217.

Out of the top 100 coins, it was a great week for DigiByte, which took out both the greatest price increase, up 58% to US$0.04, and the biggest increase in market cap, shooting up 59%. On the other end of the spectrum, Steem saw the biggest drop in price, down 12% to US$1.62.

Finder.com’s Weekly Coin Analysis of 1,620 coins: Total trading volume sees first increase since May

  • 64% of coins saw an increase in price, with an average increase of 1,535%
  • $99.3 billion traded in the past week – 10% increase from last week. Out of the top five coins by trading volume, Ethereum is the only coin that decreased (-12%)
  • Biggest price growth by percentage was Sakura Bloom, up 291% to $1.49
  • Out of top 100 coins, DigiByte saw biggest percentage price increase at 58%

For immediate release, Monday, July 09, 2018, Sydney, Australia – Global personal finance comparison site finder.com has released its Weekly Coin Analysis of all 1,620 coins available on CoinMarketCap. The total volume traded has increased by 10% since last Monday, breaking the downward trend that’s been present since May 2018.

Coin prices in general have also seen an increase, with 64% increasing in price over the past seven days. Of those that increased, it was by an average 1,535%.

Each week, finder.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 is also included in the weekly report.

All prices listed are in US dollars unless otherwise specified.

Key Findings: 1,620 coins analysis

The total volume traded in cryptocurrencies over the last seven days was $99.3 billion, compared to $90.5 billion in last week’s Analysis. Out of the top five coins by trading volume, Ethereum is the only coin to see a decrease in volume (-12%). The greatest increase in trading volume was by Bitcoin Cash at 12%.

Regarding percentage growth, Sakura Bloom saw the biggest increase in price, by 291% to $0.014, while Pure saw the biggest drop in price, by 82% to $0.0217.

Top 5 biggest 7-day increase in price by percentage growth

Sakura Bloom

Sources: CoinMarketCap, finder.com. Current price as at 2:28AM EST Monday, July 02, 2018

Regarding percentage growth, ALAX saw the biggest increase in market cap, by 405% to $10,331,412, while Pure saw the biggest drop in market cap, by 81% to $337,496.

As for the coins’ rank by market cap, Pundi X saw the biggest increase, jumping up 1,307 spots to 41. Databits saw the biggest drop in rank, by 505 spots to position 987.

Key Findings:  Top 100 coins by market cap

Out of the top 100 coins, DigiByte saw the biggest increase in price, by 58% to $0.04, while Steem saw the biggest drop in price, by 12% to $1.62.

As for market cap, DigiByte saw the biggest increase, shooting up 59%.

The full details of the analysis, including data tables for all measured areas of performance, can be viewed here: https://www.finder.com/weekly-coin-analysis-02-09-july-2018

Comments from finder.com co-founder, Fred Schebesta:

“Not only are we now seeing a continuing increase in cryptocurrency prices, but the total volume traded has increased week-on-week for the first time since our May 28 analysis. This gives me hope that the bearish trend may be over and the cryptocurrency market is recovering. I’m not confident in it seeing the same heights as the market reached last year, but we could see a run at the end of the year.

“DigiByte has seen the greatest increase out of the top 100 coins, shooting up 58%. It’s been a week of good news for this coin. Most recently, crypto-payment platform UTRUST announced a partnership with DigiByte. The coin also announced that Coinome, an Indian crypto exchange, would be listing it as an XRP trading pair.”