Market Analysis

Market Watch August 12

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Bitcoin and Ethereum

Bitcoin slump continues despite pushing pass a 50% dominance for the first time in 2018. In the midst of the red markets, the top cryptocurrency was valued at $6,325 while Ethereum also continues to dip in with a $327 price at press time.

The total market cap is $216 billion

BTC market cap is $109 billion

BTC dominance at 50.7%

Major Crypto Headlines

Facebook’s David Marcus Quits Coinbase to Avoid “appearance” of Conflict of Interest

FinCEN Director: Agency Receives 1,500 Suspicious Activity Reports on Crypto per Month

African Regulators Taking “Wait-and-See” Approach on Cryptocurrency: Ecobank Report

Significant Gainers And Losers

SRCOIN (SRCOIN) has been performing great over the last seven days in the bearish markets. The token ranked as the most significant gainer in the crypto market over the last 24h period with a 48.64 percent increase against the USD. SRCOIN currently trades at $0.0025 with a volume of $1,695,671.

It was a bright day for Gems (GEM) and its investors as the token ended the day as on the green side of the crypto market. GEM traded at $0.0035, a 47.39 percent increase against the USD. The positive momentum of GEM is a recovery from a steady fall over the last 7 days. At the time of writing, GEms has a trading volume of $234,580 with a market cap of $3,985,855.

Webcoin (WEB) is on the positive side after the last 24 hours of trading. The value of the token increased by 41.25 percent against the dollar, trading at $0.009 with a volume of $104,648. WEB has been a top gainer over the last ten days after being listed on Coinmarketcap on Aug 2. The last 24h was just another profitable day for investors.

While the crypto markets have been on a bearish run lately, Sentinel Chain (SENC) emerged the most significant loser over the last 24h trading period. SENC ended the day with a 25.52 percent decline against the USD, selling at $0.009 with a volume of $101,077. The token has been on a downward trend over the last 7 days and investors think this is the best time to buy more while being hopeful that the price will pick up very soon.

The cryptocurrencies on our list of most significant gainers and losers are those with a market cap and 24h trading volume of at least $100,000.