Bitcoin
BTC$49 193.22

-7.23%

Ethereum
ETH$4 116.36

-1.41%

Binance Coin
BNB$561.89

-4.29%

Tether
USDT$1.001881

0.18%

Solana
SOL$196.65

-3.68%

Cardano
ADA$1.39

-8.99%

Digital currencies: prices are declining but overall capitalization grows


02 Oct 2020

#Bitcoin

Bitcoin has grown by more than one per cent in the last day and traded at around $10,900. The crypto market in general demonstrates moderate positive dynamics following the growth of stock indices and risk assets. Over the last week, the total capitalization of cryptocurrencies has grown by 7%, approaching $350 billion.

Altcoins are showing more impressive positive dynamics, which leads the market to the growth zone. Although Coin Metrics concluded that 72% of the top 250 digital currencies have fallen over the past week, the wider format shows that alternative cryptocurrencies are holding up well.

The leading altcoin Ethereum (ETH) has grown by 180% since the beginning of 2020. XRP showed much more modest results, adding 26%. Given the serious claims of the crypto market participants to the project, it shows good stability.

Many are frightened by the increased dependence of the crypto dynamics on the moods of traditional markets. In turn, they are affected by the situation with coronavirus and, even more so, by stimulating measures taken by governments and the central banks. One way or another, cryptocurrencies can still boast a steady demand and a quick return to growth after the March collapse.

The current price dynamics of anonymous cryptocurrencies are also worth noting. The most famous projects Monero (XMR), ZCash (ZEC), and DASH showed daily growth rates of 13%, 12%, and 5% respectively. If we take the figures for the week, Monero (XMR) spiked by 26%, ZCash (ZEC) by 28%, and DASH by 7%.

All 3 digital currencies are the stars of the “2017 Rally,” but in recent years, interest has declined significantly, pushing prices down far from historical highs. Nevertheless, the demand for anonymity continues to grow, in contrast to the global direction of governments to financial de-anonymization.

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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.4% 50 $49 193.22 -7.23% -9.28% $929 329 350 425 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 81.2% 36 $4 116.36 -1.41% 2.01% $488 235 923 439 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 80.8% 32 $561.89 -4.29% -4.45% $93 723 146 872 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 92% 1 $1.001881 0.18% 0.13% $74 297 173 480 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 62 $196.65 -3.68% 5.13% $60 103 456 849 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 64% 72 $1.39 -8.99% -7.87% $46 392 712 007 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.4% 2 $1.000412 0.03% 0.07% $40 042 314 055 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 70% 66 $0.833702 -8.59% -10.36% $39 390 183 603 XRP 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62.8% 76 $28.88 -12.51% -15.64% $28 521 499 285 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 69.6% 62 $72.27 18.51% 68.39% $28 015 046 896 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 66% 73 $0.173763 -11.84% -13.14% $23 003 781 874 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 64.4% 75 $90.60 -13.00% -15.64% $21 989 955 830 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 76 $0.000036 -8.82% -3.38% $19 811 050 065 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 57.6% 86 $0.599768 -2.91% -17.36% $15 151 941 276 CRO 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94% 1 $1.000770 0.14% 0.03% $13 610 910 664 BUSD 7 days price change

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