Crypto Ups and Downs on 6 - 12 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 6 - 12, 2018
12 March 2018   454

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.

This week was much less successful for the coins and tokens with high market capitalization, than the previous one. Currently SaluS is the leader of our charts as it rose 25.60% within past 7 days, and it is a much less successful result in comparison with the last week gainers charts, when most of the coins grew more than 50%. MinexCoin is also rising, it managed to increase 21.26%, having grown from $26,56 on March 6 to $32,61 on March 12, while its market capitalization grew from $91 million to $112 million.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Storj 149 988 933 1,12 9 207 640 + 3.26
MinexCoin 111 737 792 32,27 345 869 + 21.26
XPA 101 399 000 0,101399 79 992 + 4.16
SaluS 85 857 601 84,99 9 218 970 + 25.60
Credits 77 832 224 0,602697 2 859 580 + 7.39

Nevertheless, 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)
MediShares 59 926 943 0,123941 3 020 720 - 43.30
IoT Chain 51 096 430 1,05  6 620 330 - 43.61
DATA 42 419 099 0,009971 3 552 370 - 44.70
AirSwap 35 255 550 0,235037 1 704 210 - 48.02
Cobinhood 34 769 487 0,097028 301 126 - 43.62

The greatest downer of this week is AirSwap, which fell 48.02%, having its market capitalization decreased from $64 million to $35 million only within 7 days. Moreover, DATA has also had a rather unsuccessful week, as it fell 44.70%, having its price drop from $0,017 to $0,009 from March 6 to 12. The market capitalization of Cobinhood dropped from $58 to $34 million, while the market capitalization of IoT Chain fell down from $87 million to $51 million.

Survey: Millionaires do not gain Enough Crypto Advice

A survey revealed today by Capgemini shows: only 34.6 percent of high net worth individuals have got cryptocurrency information from their wealth managers
19 June 2018   50

According to Reuters, the information is received from Capgemini’s annual survey, the World Wealth Report. The latest edition demonstreted that additionally to the aforementioned 29 percent, a further 26.9 percent are “on the fence” relatively to  cryptocurrency investment - meaning that well over half of HNWIs are aware of and/or interested in cryptocurrency like Bitcoin.

A Paris-based business consulting corporation, Capgemeni, determines HNWIs as people with at least $1 million accessible to invest, outside of asset holdings such as real estate, automobiles, and art. At the start of 2018, there were a counted 15.2 million such people in the world. This part of society controls more than $70 trillion, and Capgemini expects that figure to rise to $106 trillion by 2025.

Also it was found by the study that 71.1 percent of younger millionaires (age 40 and below) place “high importance” on getting information about cryptocurrency from their wealth management firms, as do 13 percent of those aged 60 and over. In the whole, only 34.6 percent of them claimed that they had learnt cryptocurrency information from their wealth managers. 

This probably points to a trend of wealth managers being a bit behind the times. It also unfolds that a market force which could go some way towards explaining the fact that at least 167 new cryptocurrency hedge funds were instituted last year. During the year of 2017, these funds saw massive growth in profit.