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   1403

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.

SEC May Approve BTC ETF in 2019

This thought was told by Bill Barhydt, chief executive of bitcoin payment start-up Abra
05 September 2018   414

In an interview with CNBC, the head of Abra, Bill Barhydt, said that the SEC had not yet approved the bitcoin-ETF because the initiators of the launch of these funds "do not meet the expectations" of the agency.

I think the issue with the SEC, quite frankly, is that the people who are doing the applications don't fit mold of who the SEC is used to approving. I used to work for Goldman Sachs, but if you look at how I'm dressed you probably wouldn't know it. So I probably, unfortunately, couldn't go like I am here to a meeting at the SEC to say I'm applying for the ability to issue an ETF.
 

Bill Barhydt

CEO, Abra

According to Barhydt, the applicant must "look, smell and behave" as the SEC wants to approve the application. He also believes that the application for the launch of ETF from a reputable financial company will be approved rather than from a start-up.

He also expressed confidence that the first publicly cryptocurrency ETF will appear next year.

It's going to happen in the next year, I would actually make a bet on it. There is too much demand for it.
 

Bill Barhydt

CEO, Abra

In late August, the SEC rejected an application for the ProShares Bitcoin ETF and ProShares Short Bitcoin ETF. At the same time, a similar fate awaited several applications for the launch of Bitcoin-ETF from Direxion and GraniteShares.