Cryptocoins: the leaders of growth and fall on Nov 1-7

ATB Coin and Vertcoin fall by more than 30% whether Vcash grows by 177,45 %
07 November 2017   1888

From this article you can find out which cryptocurrencies are the leaders of growth and fall in last 7 days. In this article we’ve considered only cryptocoins with market cap over $100k and which are traded in pair with USD.

Vcash rose and gained 177,45% as its total market capitalization touched levels above $16 million. Centurion trading volumes jumped by 75,77% this week.

Bitcoin exceeded $7000 mark on November 2, and seems capable of moving above that level rising by 16% in past 7 days. One more marketcap leaders list coin showing notable growth is Ethereum Classic, which rose by almost 36% within last week moving from the price of $10,6 on November 1 to the price of 14,7 on November 7.

Vertcoin lost almost 35% this week as it pushed off the mark of $3,53 in comparison with $5,77 price it had in the beginning of week. Cardano tracked back by around 24% in the past 7 days to $0,22.

 

The biggest fall 

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change 
(7 days)
ATBCoin 28060193 0,722757 964051 -35,58
Vertcoin 144654765 3,53 8651860 -34,89
DubaiCoin 14003323 9,65 242636 -31,67
B3Coin 17348185 0,001188 203399 -30,51
Metaverse ETP 113016981 3,11 4758320 -27,7
Asch 11269740 0,554324 147522 -26,68
Byteball Bytes 102806456 159,34 500315 -25,05
OKCash 18657835 0,255032 1086660 -24,64
Cardano 577455493 0,022272 4590040 -23,96
I/O Coin 43537784 2,66 679328 -22,89

 

The biggest jump

Name Market
 Cap
Price
in $
Volume
(24h)
Change
(7 days)
Clams 13370691 4,95 576476 38,77
Bitcoin Cash 10440069379 622,61 603837000 39,41
TransferCoin 13035261 2,11 216798 41,45
GXShares 106299455 2,62 2344920 49,84
The ChampCoin 23811152 0,144375 454133 66,41
PotCoin 30400419 0,13911 38303500 66,89
Cryptonex 60800911 1,35 104850 68,76
WhiteCoin 13358758 0,053766 287252 72,08
Centurion 12171881 0,166634 105734 75,77
Vcash 17135321 1,12 3796630 117,45

 

Marketcap leaders situation

Name Market
Cap
Price
in $
Volume
(24h)
Change
(7 days)
Bitcoin 120033395041 7201,39 2914590000 16,03
Ethereum 28853711837 301,89 578305000 -2,2
Bitcoin Cash 10440069379 622,61 603837000 39,41
Ripple 7909677247 0,205278 100891000 1,19
Litecoin 3012873405 56,09 141671000 -0,58
Dash 2267691854 295,51 83531700 4,51
NEO 1692041000 26,03 40415400 -10,57
NEM 1642365000 0,182485 6757110 -7,66
Monero 1526221187 99,62 125572000 12,78
Ethereum Classic 1429181683 14,7 285443000 35,84

Bear Market to Hit Mining Hard

BitMEX research division presented an analysis of the impact of market decline on the mining industry
11 December 2018   75

The cryptocurrency market has experienced a marked decline over the past weeks. The BitMEX research division presented an analysis of the impact of these events on the mining industry. Bitcoin hash rate has fallen by 31% since the beginning of November, which is equivalent to the capacity of 1.3 million Bitmain S9 devices. From this, BitMEX concludes that miners as a class are in a difficult situation, however, they may have different conditions, and those who pay more for electricity, are forced to turn off their equipment first, while others may still be quite viable.

The decrease in the price of Bitcoin by 45% since the beginning of November has already caused two recalculations of the complexity of mining to the lower side - by 7.4% and 15.1% on November 16 and December 3, respectively. The first recalculation turned out to be the largest since January 2013, the second - since October 2011.

Bitcoin mining revenue fell from $ 13 million per day in early November to $ 6 million per day in early December. The fall in the size of the miner's encouragement turned out to be even more rapid than the fall in the price of cryptocurrency. This is due to the delay in recalculating the complexity of mining. For the six-day period ending December 3, 21.8% fewer blocks were mined than expected, since the miners left the network before recalculating the difficulty. As a result, in addition to reducing the size of the miners' encouragement in dollar terms, due to lower asset prices, they received 21.8% less bitcoin awards.

One of the popular reasons for the recent decline in the cryptocurrency market is that miners sold bitcoins to cover their costs of hash warsin the Bitcoin Cash network. The monitoring platform Boltzmann recorded an unusually large sale of Bitcoin by the miner on November 12, that is, 3 days before the hard fork of Bitcoin Cash.

BitMEX assumes that the actions of miners over the past weeks could have played a significant role in reducing the market, however, recommends not overestimating their value and reminds that in a bearish trend, prices continue to fall regardless of asset movements and news.