Over the weekend, the situation for most cryptos remained calm, and there is little news to suggest that the market is moving up. The total market capitalization is holding up well above the $200 billion threshold, which has not been significantly surpassed for months. Even the ranking among the ten largest coins has hardly changed recently.
Bitcoin clearly leads the list with 112 billion dollars, and the volatility continues to decrease. Ethereum is at almost 21 billion dollars, and the XRP token weighs in at three billion dollars less. Bitcoin Cash is valued at 7.7 billion dollars. A good $1.7 billion is currently sufficient to reach the top 10 list, which receives much more attention. Monero is currently holding the red lantern, Tron and Iota remain in a waiting position.
Something has calmed down the whirl around Tether/Bitfinex. The price has remained almost unchanged at 0.97 dollars for two days. A further confidence loss is not taking place so far, however Tether did not manage to return to the 1 dollar mark. Crypto investors should remain vigilant here.
Some smaller coins, which are rarely in focus, currently offer much more dynamic. These include Qtum, which rose by a good 20 percent over the course of seven days. There was some good news recently: in September the listing on the trading platform Kraken was announced, a few days ago a cooperation with Amazon Web Services in China.
The Basic Attention Token is even smaller market cap coin, with a market value of 275 million dollars. The week-on-week comparison shows an increase of 55 percent. Anyone interested in this interesting token will find background information here. Basically, new Brave browser release and speculation of Coinbase listing are fueling the rise of BAT. It could see even bigger jumps in the coming weeks.
With a plus of 190 percent, the Ravencoin is currently at the top of the performance ranking. No question about it, with a market value of only 107 million dollars, even small sums are enough for larger movements. The project is strongly based on the Bitcoin, it is one of its forks that is launched in Janury of this year. It is a coin that borrows its name from the Game of Thrones and the good thing about it is there was no ICO, no money grabbing founders – just an altered bitcoin protocol with interesting ideas for the future. Not the next bitcoin but surely not the worthless shitcoin either.