Crypto Ups and Downs on 13 - 19 Mar

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week on March 13 - 19, 2018
19 March 2018   1468

From this article you will learn about the most unpredictable ups and downs of cryptocurrencies. We have analyzed the crypto market, and researched the most popular tokens and coins with market capitalization over $1M. In the charts below you can find all relevant information regarding the leaders of growth and fall during past 7 days.

If we look at the charts of cryptocurrencies, it is clear that they continue to fall down in price following the trend of the previous week. However, some of the coins managed to gain some points, for instance Asch rose 29.85% within past 7 days. Experience Points is also rising, it managed to increase 7.75%, having its market capitalization grown from $59 million on March 13 to $64 million on March 19.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Binance Coin 875 585 753 8,84 106 193 000 + 6.10
Aion 276 459 993 2,61 12 644 000 + 4.86
Asch 96 672 246 1,04 5 765 610 + 29.85
Genaro Network 70 466 101 0,298609 4 631 690 + 6.21
Experience Points 55 621 842 0,000253 173 998 + 7.75

As we have already mentioned before, past week was not so fortunate for some cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, losing popularity among the users.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
PayPie 55 959 998  0,678303 81 062 - 47.11
SpaceChain 35 909 960 0,069729 109 768 - 52.05
Refereum 21 768 932 0,009320 514 435 - 49.24
adToken 20 252 700 0,033755 705 611 - 43.32
Electrify.Asia 18 434 188 0,073379 294 088 - 43.23

The greatest downer of this week is SpaceChain, which fell 52.05%, having its market capitalization decreased from $72 million to $36 million only within 7 days. Moreover, Refereum has also had a rather unsuccessful week, as it fell 49.24%, having its price drop from $0,016 to $0,009 from March 13 to 19. The market capitalization of adToken dropped from $35 to $20 million, while the market capitalization of Electrify.Asia fell down from $22 million to $16 million.

Bitmain to Reduce BTC Mining Hashrate by 88%

Total hashrate of Bitmain equipment used for mining on the SHA-256 is 237.29 PH\s; month ago it was 2072 PH/s
08 May 2019   239

The leading manufacturer of mining equipment Bitmain in the past 30 days has reduced the hashrate of bitcoin mining by 88%. This is evidenced by data reporting, which the company publishes monthly.

As of May 7, the total hashrate of the equipment used by Bitmain for mining cryptocurrencies on the SHA-256 algorithm (Bitcoin and Bitcoin Cash) is 237.29 PH/s.

Bitmain's Hashrate on Different Algorithms
Bitmain's Hashrate on Different Algorithms

At the same time, just a month ago, the volume of the respective capacities was 2072 PH/s.

Based in Beijing, Bitmain not only manufactures equipment that is popular among miners, but also mines cryptocurrency using its own resources. The company began to publish reports on the available mining facilities in July last year. At that time, the hashrate of SHA-256 equipment was 1692 PH/s.

By October 2018, the hashrate had risen to 2339 PH/s, but by March it had already dropped to 1700 PH/s. Against this background, the share of Bitmain's computational power in the total bitcoin hashrate decreased from 4% to 0.4%.

After the April BTC price recovery, the amount of computing power of Bitmain began to grow again. At the same time, the total hashrate of the first cryptocurrency network, which has updated the six-month maximum by the beginning of May, began to recover with confidence.