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August 3, 2021

Three of Market Cap’s Top 20 Coins Experience Gains

On September 8, the crypto markets see stood on its ground after a recent sell-off. The market cap shows three of its top 20 coins see gains with Bitcoin at around $6,40o region. This week, Bitcoin showed a sharp drop but now indicates that it is holding its spot. It’s down to 0.7% in the last 24 hours trading at $6,394.

On September 7, it showed a significant drop to $6,354. On the other hand, the second top crypto Ethereum trades at $210. It is down to more than 3% in the last 24 hours to press time. The total market cap keeps to its feet as it is currently at $203 billion range. It saw a bit of fluctuation at around $204 billion. It shows a $202 billion intraday low and $205 billion high.

On September 6, BTC saw a top dominance rate as high as 55.5%. After that, Bitcoin is currently at 55.1% of the crypto markets with the total number constituting to 1, 926. Most of the top 20 coins in the market cap show slight losses. Some of the coins outperformed while others gained more than 5% in the last 24 hours.

Dash showed over 5% increase in the last 24 hours at $196. The altcoin is, however, still down for over 9% in the past week. On the other hand, Dogecoin is one of the leaders in the top 20 coins today, has skyrocketed in the last few days. The cryptocurrency is trading at around $0.0006 at about 5.5% in the previous 24 hours. At the same time, however, the digital currency has an almost 9% drop jus over the week. Compared to this, Cardano and Stellar saw the most significant losses among the top 10 cryptos.

XLM, the sixth top coin, dropped 2% in the last 24-hour trading at $0.20. On the other hand, Cardano fell to around 2.7% as it trades at $0.08%. The prediction made by Brian Armstrong, Coinbase CEO, is that the people in cryptocurrency will only continue to grow. According to him, the 40 million people in the ecosystem will soon become 1 billion in the five the years to come.

His prediction said this would be because of the tokens operating together with equity, which will serve as an alternative investment system.  A study by SharePost was recently reported, which reveals that most of the retail and accredited investors are planning on increasing their crypto asset holdings in the coming 12 months.

Rob Logan

Rob Logan

After a short stint as a semi-pro athlete now Rob is a regular business blogger. He specializes in economics and financial stories.

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