This will be a new post that we try to do every week. Here we will show you the top 10 performing cryptocurrencies by market cap. By looking at the current and past data, you should be able to draw interesting comparisons and spot trends easier. You may gain some information to help you decide what to buy.
Here we see Bitcoin as number 1 which is almost always the case. Bitcoin jumped up $300 in the past couple of days which is a far cry from our prediction of $7250 by the end of Q4. Ether follows second with a market cap of less than 1/3 of bitcoins. Ripple comes in third with a 7 cent gain over the past 7 days. Ripple currently sits at 27 cents. Bitcoin Cash, Litecoin and Dash are 4th, 5th, and 6th respectively and have all seen downtrends in the past week. Bitcoin’s clone, Bitcoin Cash plummeted $100 while Litecoin and Dash dropped only a few dollars.
“Bitcoin Cash plummeted $100 while Litecoin and Dash dropped only a few dollars.”
The only coin that looks like it shouldn’t be here is NEM, 8th on the list. NEM currently sits at around 20 cents. and has seen massive growth over the year. In march, NEM was 1 cent. NEM could possibly carve out a name for themselves if they keep up the work they have been doing. 9, 10 and 11 are NEO, Monero, and IOTA. NEO was said to be China’s bitcoin and to watch it grow is heartwarming. The last 5 places in the top 10 are subject to change drastically because the difference in the market cap is around 1 billion dollars. This seems like a lot but good or bad news can easily move 10’s of billions of dollars around the crypto-market.
Advice: Watch bitcoin closely, BTC’s highest price was around $5,000 and we’re less than approximately $200 away. The current price of bitcoin is being heavily inflated due to speculation of another split. I would sell Ripple at this point if you’ve made any profit. If you’re holding any other Top 10 coins I would hold for an upturn.