The cryptocurrency market has witnessed a lot of recovery this week, continuing last week’s bullish trend going up to a high of almost $150 billion compared with last week’s $130 billion. It seems that the fear and uncertainty caused in the market due to China’s move to regulate its exchanges and ban ICO’s may finally be subsiding as investors are putting their money back into the markets. As a result, NEO was the biggest gainer this week in the top 10, gaining 67% to it current price of $33 along with other prominent Chinese projects like Qtum (55%) and Walton (282%) also seeing massive gains. Apart from all the major changes occured in the past week, here we are with a list of top ten cryptocurrencies as on 1st October 2017
Bitcoin has had a great week, gaining 15% price going from the $3700 range last Sunday to over $4300 as of publishing this article adding over $10 billion in market cap. Dash was the only cryptocurrency in the list of top ten cryptocurrencies which decreased in price by around 7% to $320, where all the others in the list of top ten cryptocurrencies have seen about 5-10% increased in price.
Even though it seems that we are past the Chinese regulatory fears, there are a few more concerns that need to be addressed before we could be sure that the the bears have subsided.
