CRYPTO-DAILY THE MKT IN NUMBERS: BLOODY WEEKEND $12.3B WALKS AWAY FROM THE MKT(16/7/17)#0007

Market Overview.
This weekend we saw an exodus of funds from the market, with BTC and the market dropping as low as $1830 and $62B repectively. The market closed (GMT+1) this weekend with 15.43% decline (massive $12.3B from friday) a closing figure of $67.366B, while trading volumes rose to $4.073B a 45.3% spike, this divergence with the market cap indicates withdrawal of funds from the market. I expect a pull back today but how strong will it be? Or are some investors going to come in for a quick 10-20% profits? A total of 810 cryptocurrencies, 168 Assets, and 4,534 market pairs were traded. Bitcoin's market dominance increased by 1.4% to 47.6% of the total market cap.

TOP 10 BY MARKET CAP

USDT wow! Made it into the top 10 by market cap board (only in a Bear mkt) not sure if it's a debutant anyway lets welcome Tether USDT to the No.10 spot with just a 0.71% growth. Our biggest loser on the board this weekend was Ethereum ETH it recorded a 20.49% loss this weekend, also DASH and Nem XEM lost their $billion status and once again IOTA and Monero XMR swapped places with IOTA (biggest gainer +6.1%) reclaiming the No.8 spot, while the rest of the board remained unchanged. The top Ten cryptos combined market cap declined by 15.52% to close at $59.45B controlling 74.63% of the total market capitalization a significant decline from Friday's 88.34%.

TOP 10 BY VOLUME TRADED

Over the weekend DASH and Stellar XLM returned to the board to claim No.8 and No.10 spots respectively, also Bitshares BTS moved up from 3 spots to No.7 place and Ripple XRP swapped places with EthereumClassic to claim the No.4 spot. The board recorded spikes in trading volumes across board except EOS with a 36.18% decline in investors interest from Friday unfortunately, this growth in volumes did more harm than good. I have decided to include the dominant trading pair influencing each coin on the board, some of this pairs control as high as 90% of the trading volume of that coin. Observing the board you will notice 80% of the coins are dominated by crypto/fiat pairs indicating exit of funds with its attendant effect on the market cap. Our top 10's combined volume was $3.879B a massive 95% of total volume traded a significant increase from Friday's 90%.

TOP 5 EXCHANGE BY VOLUME

KRAKEN still at No.5 on the board for exchanges powered by huge volumes in the BTC/EUR and ETH/EUR pairs. I noticed a spike in volumes on the exchanges as high as 80% mostly from Crypto/Fiat pair further collaborating the exit of funds from the market.

TOP 5 BIGGEST GAINERS AND LOSERS

NEW LISTINGS

CVCoin the newest coin to be listed on the OpenLedgerDEX congrats OL. Pls stay away from TerraNova TER (shit coin listing at $5000 per coin). FuckToken got my attention so here is their vision statement “ We envision an ecosystem where FUCKs are distributed through tips. You laughed at a shitpost on Reddit? Show them your appreciation by giving a FUCK. Your friend is sulking about his marital problems? Give him a FUCK or two and watch his smile brighten up. Being cyber-bullied for being a crypto nerd? Send them 10,000 digital, decentralized, middle fingers with FUCK token. Remember, we are here to make the world a better place.” They raised 400 ETHERS in their just concluded ICO, Guys let me know if you are bagging this one.

ICO

IMMLA (International MultiModal Logistic Application) IML is the first multimodal logistics service with a decentralised system of transportation, document workflow and payments. The mission of IMMLA project is a simple, clear and convenient interaction between the owner of cargo and the transporter on all stages of the freight transport. This is a 14 day Pre-ICO started 15/7/17 see more HERE

Honestis.Network HNT is a system of application which will bring your life to the next level of security, variety and effectivity. You’ll be on your own path, and you’ll define your own way of engaging others. Your journey will be safe. Its pace will match your needs. This is a 20 day ICO see more HERE

NEWS

How Initial Coin Offerings Sidestepped Traditional Disruption Models-CoinDesk

We Are Distributing 16 Billion Lumens to Bitcoin Holders STELLAR LUMENS

I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE. THANK YOU FOR YOUR ENCOURAGEMENT.

HAVE A PROFITABLE INVESTING DAY!

SOURCE:CoinMarketCap
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