Crypto Ups and Downs on 5 - 12 Feb

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week from Feb 5 to Feb 12
13 February 2018   1996

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.

In comparison with the previous week charts, when cryptocurrencies were mostly decreasing, this week was rather successful for coins and tokens in terms of price. The biggest gainer of Feb 5 - Feb 12 week is Revain token, which increased 153,05%, having grown from $1,36 on February 5 to $2,54 on February 12.

As for the coin with the greatest market capitalization, which rose significantly, this week is represented by Lisk cryptocurrency, which increased from $14,89 to $25,28 within 7 days, with its market cap rising from $1,7 billion to $2,9 billion during the same amount of time.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Lisk 3 203 515 213 27,14 57 641 800 + 98.51
Ethereum Classic 2 957 854 243 29,63 672 762 000 + 93.25
Revain 580 039 915 3,14  26 683 900 + 153.05
ZClassic 402 497 195 121,85 10 925 800 + 89.96
Enigma 224 350 609 3,00 13 092 800  + 89.03

Nevertheless, past week was not so fortunate for some of cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, but did not decrease a lot, most of the cryptocoins lost less than 10%.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Populous 1 007 623 353 27,23 14 226 700 - 5.77
SmartCash 170 180 818 0,244776 310 954 - 4.17
Lykke 42 578 721 0,156602 73 457 - 4.91
Delphy 38 335 880 1,26 1 544 820 - 2.20
bitCNY 35 002 254 0,163426 40 363 500 - 8.18

The greatest downer of this week is bitCNY, which fell 8,18%, having its market capitalization decreased from $46 million to $34,9 million only within 7 days. Moreover, Populous, the token which has a huge market cap of more than $1 billion, has also had a relatively unsuccessful week. Populous fell 5,77%, having its price dropped from $45,7 to $24,07 from February 5 to February 12.

Most Crypto to Fail, Digital Currency Group CEO Says

Barry SIlbert believes Bitcoin is a king and when the mood among major investors changes, BTC is waiting for serious and aggressive growth
14 February 2019   240

Barry Silbert, head of Digital Currency Group, continues to believe in Bitcoin’s great future, but questions the long-term prospects of most existing cryptocurrencies and digital tokens, saying in an interview with CNBC that they will all be worthless in the future.

I'm not a believer in the vast majority of digital tokens and believe most will go to zero. Almost every ICO was just an attempt to raise money but there was no use for the underlying token. The vast majority of what's out there will be eliminated.
 

Barry Silbert

Head, Digital Currency Group

At the same time, Barry Silbert is convinced that Bitcoin, despite the current “terrible schedule”, enjoys great interest from institutional investors and “won the fight for the title of digital gold”.

According to him, the new generation of investors no longer sees gold as a “safe haven”, and the money that is now in gold will be converted into cryptocurrency.

I'm convinced that whatever money is in gold is not going to stay in gold. That gets handed down to millennials. I'm highly confident a lot of that will go into bitcoin.
 

Barry Silbert

Head, Digital Currency Group

Barry Silbert believes that the buy and hold strategy is fully justified, although it is still difficult to say exactly when large institutional money will go into Bitcoin. Nevertheless, he noted, at the beginning of 2019, all the necessary infrastructure was already in place, listed the upcoming launch of the Fidelity custodial solution and investment opportunities such as the Bitcoin futures platform Bakkt.

When the mood among major investors changes, Bitcoin is waiting for serious and aggressive growth, Silbert added.