It’s time for another weekly recap! Let’s take a look at how the 10 highest cryptocurrency by market capitalization survived the last seven days, along with any related news on why the market moved the way it did. Also, we will look at which token performed the best in the same period of time. Let’s go right ahead:
Top 10 Cryptocurrencies - Market Value
1 - BTC: $7319.97, with a change of 0.91% since yesterday and 2.24% since last week.
2 - ETH: $127.7, with a change of 0.95% since yesterday and 0.14% since last week.
3 - XRP: $0.1928, with a change of 1.47% since yesterday and 0.52% since last week.
4 - USDT: $1.003, with a change of 0.10% since yesterday and -0.50% since last week.
5 - BCH: $206.33, with a change of 1.59% since yesterday and 10.78% since last week.
6 - LTC: $42.28, with a change of 3.15% since yesterday and 6.23% since last week.
7 - EOS: $2.643, with a change of 2.52% since yesterday and 7.70% since last week.
8 - BNB: $13.51, with a change of 1.58% since yesterday and 1.27% since last week.
9 - HEDG: $1.733, with a change of 1.40% since yesterday and 0.17% since last week.
10 - BSV: $92.05, with a change of 1.98% since yesterday and 8.59% since last week.
We’ve got another big surprise as the year’s end closes in: HEDG steps into the top 10 by displacing both XTZ and BSV, reaching a market capitalization of $1.72 billion. This climb might have been caused by movements within its invitation-only beta, which was released earlier this month, and users might be earning new tokens as rewards, boosting up the prices.
As for the rest of the market, we might have experienced the most evident proof that the crypto market is highly driven by sentiment. On December 23rd, we saw a small climb in most of the top coins, followed by a slight drop a few hours later. This behavior is most likely linked to YouTube banning a huge number of cryptocurrency-related videos and striking channels that produced and uploaded them, with Chris Dunn being the first user to report such event. Even if some of the changes were reverted, with strikes being removed and restoring some of the videos, the sentimen behind cryptocurrency gained an important boost thanks to this actions proving the importance of decentralization and trustless systems.
Top 10 Cryptocurrencies - Performance
1 - LBC: $0.02214, with a change of 111.76% since last week.
2 - ADH: $0.0004406, with a change of 104.72% since last week.
3 - CBC: $0.01131, with a change of 93.27% since last week.
4 - NEC: $0.0879, with a change of 60.11% since last week.
5 - NANJ: $0.0000193, with a change of 57.56% since last week.
6 - DRT: $0.0007802, with a change of 56.81% since last week.
7 - TAU: $0.01767, with a change of 52.33% since last week.
8 - XRC: $0.0004399, with a change of 50.80% since last week.
9 - IHT: $0.0009795, with a change of 39.48% since last week.
10 - BETR: $0.0003666, with a change of 38.00% since last week.
This means our special feature for next week will cover LBRY Credits, a token-based system for the decentralized content platform with the same name, which takes elements from different content-creation platforms, but implementing elements to make it trustless and entirely run by the community.