This week (July 14–21, 2018) cryptocurrency market capitalization has shown consistent increase with a commendable rate and as of writing this article equaled $282.18 billion (see below figure). On 14 July, the total market cap was $247.99 billion. On 15 July, it was $256.77 billion and on July 16 it was increased to $271.66 billlion. According to Coinlib, the total market cap on July 21 is
Now the dominance of the trendsetter cryptocurrency Bitcoin (BTC) as of writing has been increased to 45% from 43%. On July 17, the bitcoin dominance was decreased to 40% from 43% but on July 20 the BTC dominance was increased to 47%. It again went down by 2% and as of writing this article it is at 45%. Ethereum (ETH) dominance was decreased to 17%. It was consistently 17% on July 15 ,16 and 17. It again increased to 18% on July 18. ETH dominance is showing fluctuating behavior and as of writing this article it is at 16%. Ripple (XRP) was at 7% last week but this week it went down by 1% and as of writing this article it is at 6%. Despite the overall fluctuation in cryptocurrency market capitalization, growth of average 2% was seen this week in the prices of Bitcoin. The following figures show us the dominance of these three cryptocurrencies respectively.
Now, the total volume of cryptocurrency market has been fluctuating. On 14 July, the total volume of cryptocurrency was $6.02 B. It showed tremendous increase on 18 July and it was $16.10 B but after that it showed consistent decrease at regular interval and on 21 July the total volume is around $10.58B. The following figure is showing us the total volume of cryptocurrency market.
Top 20 cryptocurrencies by market cap
Following image is showing us the top 20 cryptocurrencies by market cap. If you closely observe this, Bitcoin market cap is 127.10 B(45%), Ethereum market cap is $47.06 B (18%), Ripple(XRP) market cap is 17.89 B( 6%), market cap of others is $31.08B (11%), Bitcoin cash $13.73B(5%), EOS $7.29 B(3%), Litecoin $4.96B (2%), Stellar $5.42 B (2%), Tether $2.65 B (1%).
The cryptocurrency market is full of surprises and overhyped assets. Do your research before buying anything.
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