In this week’s Weekly Coin Analysis, a majority of the 1,597 coins saw an increase in price. Whereas last week’s report found 83% of coins decreased in price, it was only 48% this week. Could this be a sign of the bearish trend beginning to end?
Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid?
Over the past seven days, $90.5 billion was traded in cryptocurrency. Out of the top five coins by trading volume, EOS saw the biggest drop at 16% and Ethereum and bitcoin saw the only increases, at 0.4% and 0.3% respectively.
Every month and quarter, multiple reports on average hedge fund returns are released from several sources. However, it can be difficult to sift through the many returns to uncover the most consistent hedge funds. The good news is that Eric Uhlfelder recently released his "2022 Survey of the Top 50 Hedge Funds," which ranks the Read More
As for price, Utrum saw the biggest growth, shooting up 1,924%, followed by Selfkey at 391%. The biggest losses were felt by Peepcoin (-95%) and FLiK (-68%).
Out of the top 100 coins, the greatest price increase came from Power Ledger, a renewable energy token, at 52%. The other coins that faced significant price growth this week were Populous (43%), Steem (41%) and Monaco (37%). The losers, on the other hand, were Mixin and MOAC, with price decreases of 29% and 25% respectively. Check out more findings below.
Finder.com’s Weekly Coin Analysis of 1,597 coins: Over half of coins increase in price
- Only 48% of coins saw a decrease in price – much less than last week's 83%
- $90.5 billion traded in the past week – 4% decrease from last week. Out of the top five coins by trading volume, EOS dropped the most at 16%
- Biggest price growth by percentage was Utrum up 1,924% to $0.10
- Out of top 100 coins, Power Ledger saw biggest percentage price increase at 52%
For immediate release, Monday, July 02, 2018, Sydney, Australia – Global personal finance comparison site finder.com has released its Weekly Coin Analysis of all 1,597 coins available on CoinMarketCap. The total volume traded over the past seven days is down by 4%, continuing the downward trend of the past month.
However, this past week was a brighter one for cryptocurrency – only 48% of coins decreased in price, compared to 83% in last week’s report. This means that 51% of coins increased in price compared to last week.
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: 1,597 coins analysis
The total volume traded in cryptocurrencies over the last seven days was $90.5 billion, compared to the $190.8 billion traded in the April 30 Analysis. Out of the top five coins by trading volume, EOS has dropped the most at 16%. Ethereum and bitcoin saw the only increases in trading volume over the past week, with Ethereum increasing only 0.4% and bitcoin 0.3%.
Regarding percentage growth, Utrum saw the biggest increase in price, by 1,924% to $0.1012, while PeepCoin saw the biggest drop in price, by 94.50% to $0.00005.
Top 5 biggest 7-day increase in price by percentage growth (USD)
Sources: CoinMarketCap, finder.com. Current price as at 2:28AM EST Monday, July 02, 2018
Regarding percentage growth, CryptoCarbon saw the biggest increase in market cap, by 522% to $1,595,206, while PeepCoin saw the biggest drop in market cap, by 94.32% to $825,161.
As for the coins’ rank by market cap, Ivy saw the biggest jump, leaping up 1,157 spots to sit at number 265. BitcoinDark saw the biggest drop in rank, by 881 spots to position 1,001.
Key Findings: Top 100 coins by market cap
Out of the top 100 coins, Power Ledger saw the biggest increase in price, by 52% to $0.2941, while Mixin saw the biggest drop in price, by 29% to $531.
As for market cap, Power Ledger saw the biggest percentage increase over the past week, shooting up 52%.
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-25-june-02-july-2018
Comments from finder.com co-founder, Fred Schebesta:
“While the total volume has dropped once again, this is the first week in a month that over half of the coin prices have increased. With 51% of coins increasing in price, we may be seeing an end to the recent bearish trend.
“Ivy took out the medal for the coin which increased most in rank by market cap. This may be because they were recently listed on Australian-based exchange Blockbid, and they also released news of a partnership with OTC trading desk HiveEx.com* to launch IvyPay.”
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, we may receive compensation from our partners for featured placement of their products or services. We may also receive compensation if you click on certain links posted on our site.