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At the time of writing, the bitcoin price is sitting at $ 6,711 representing a 1.55% with in 24 hours of time. Yesterday, the market show a sign of recovery but however, Road to financial success reported that the there is no sign of Uptrend for Cryptocurrency market. 43% of market cap holder, around $ 115.13 Billion, King of the Cryptocurrency total $ 4.30 Billion worth of Bitcoin were exchange in Multiple exchange with multiple pairs. Before 2 Days Road to financial Success gave you a technical analysis of bitcoin and if it break around a $ 6800 USD, it give a signal to that the Bitcoin going towards the $ 8,000 USD.
Picture: Price of bitcoin during the last 24 hours
In the above Chart, it is clear that the price of Bitcoin is rise from $6,400 to $6,700 USD, in the 24 hours, in these hours the price of King coin are rose by $ 300.
The Smart contract currency, which allows to make a contract between two party as well as can make a decentralize application, which has a great potential in future, at the time price is sitting $469 USD representing a 0.98% loss in the last 24 hours of time, currently market cap holding around $46 Billion with the $ 1.75 Billion worth of ETH were exchange in multiple exchange with multiple pairs.
Picture: Price of Ethereum, in the last 24 hours of time. (Source: Coinmarketcap)
It is believed that, Ethereum might overtake the Bitcoin, in the next few years. At the moment, can’t say anything, waiting this time, waiting and watching as well as observing.
Ripple, friends of Bank this name would be good for Ripple, at the time ripple function are using a lots of Bank in world. Some other join Banks are planning the Ripple net. The third largest coin, in the Cryptoworld. At the time of writing, the price of Ripple is sitting at 47 Cents representing a 1.70% gain, in past 24 hours.
Picture: Ripple Price in the Past 24 hours (Source: Coinmarketcap)
The third largest coin, in present time holding 18.50 Billion USD, in the Cryptomarket, which is roughly 7% of total market cap.
Today total market capitalization are consolidation around 265 Billion to 272 Billion, below picture shows that the total market capitalization of Cryptoworld.
Picture: Total market capitalization of Cryptocurrency (Source: Coinmarketcap)
Other Coin, such as Bitcoin Cash, EOS, Litcoin and XLM (Stellar) are gain from 1 to 2% during this 24 hours of time.
The Dominance of Bitcoin can found from 2013 to 2016 around 80% to 90% but after 2016 lots of altcoin came in the market, then its dominance are declined to 44%. It means there is some coin which can increase rapidly, but for few years it seems that Bitcoin going to dominant market.
Picture: Percentage of Total Market Capitalization (Dominance)
ToaCoin (TOA), Paragon (PRG) and Bitcoin Green are the top Gainer while TraDove B2BCoin(BBC), Super Bitcoin(SBTC) and Sumokoin(SUMO) are the top Loser of the Past 24 hours.
Picture: Top Gainer of Market in Past 24 hours
Picture: Top loser of last 24 hours
Conclusion
For the Few weeks the market Capitalization are paying around 200 Billion to 300 Billion, For now what can say is that, for long term all of the Coin are going to increase their price of course the market always go zig zag ways so that there might be some up and down, but in overall there’s a lot of room for cryptocoin, this is the start point of the new technology.
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Shiva Prasad Bhandari
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