It’s time for another weekly recap, where we look at how the market moved in the last seven days by looking at the behavior of the top 10 cryptocurrencies by market capitalization. We will also take a look at the 10 best performing tokens of the week. Let’s go right ahead:
Top 10 Cryptocurrencies - Market Value
1 - BTC: $8069.97, with a change of -1.47% since yesterday and 9.68% since last week.
2 - ETH: $142.71, with a change of -1.50% since yesterday and 6.24% since last week.
3 - XRP: $0.2103, with a change of -1.17% since yesterday and 8.96% since last week.
4 - BCH: $266.92, with a change of -1.75% since yesterday and 18.84% since last week.
5 - USDT: $1, with a change of 0.00% since yesterday and -0.20% since last week.
6 - LTC: $49.18, with a change of 0.33% since yesterday and 14.83% since last week.
7 - BSV: $159.19, with a change of -7.10% since yesterday and 45.63% since last week.
8 - EOS: $3.007, with a change of 1.01% since yesterday and 13.26% since last week.
9 - BNB: $14.91, with a change of -1.00% since yesterday and 8.04% since last week.
10 - XMR: $59.65, with a change of 1.41% since yesterday and 17.98% since last week.
In this dire times, cryptocurrency takes the chance to show its muscle. With the conflict between the U.S. and Iran escalating, which leaves the oil industry under a huge amount of pressure to increase production in order to avoid a massive spike in pricing, people are becoming aware of alternative economic systems, as well as becoming wearier of their governments.
As sad as it may sound, this conflict is really working in favor of cryptocurrency, with BTC reaching the $8,400 mark on the early hours of Wednesday. Of course, it was expected for the market to bounce back down, and it did during the following days, but it has now recovered and BTC is currently trading in a healthy manner, slightly above the $8,000 mark. As expected the entire market moved in a similar manner, with many of the top 10 tokens reaching increases of over 10%.
Top 10 Cryptocurrencies - Performance
1 - PRE: $0.0147, with a change of 238.63% since last week.
2 - IDH: $0.005315, with a change of 136.09% since last week.
3 - ATM: $0.00025851, with a change of 116.23% since last week.
4 - GBX: $0.04628, with a change of 106.24% since last week.
5 - PXG: $0.00017, with a change of 91.86% since last week.
6 - DTA: $0.0002423, with a change of 87.67% since last week.
7 - XHV: $0.2972, with a change of 61.48% since last week.
8 - BSV: $159.23, with a change of 55.67% since last week.
9 - GO: $0.02261, with a change of 48.44% since last week.
10 - NLC2: $0.0005652, with a change of 28.05% since last week.
This is a first: since we started covering the best performing tokens of the previous week, there has always been a new project to discuss, but we see the return of Presearch to the top of this list! You can check out the article where we covered this project here.