After the market rose to a capitalization of the crypto-market at the beginning of the week to 318 billion US dollars, followed during the week, a correction to 280 billion US dollars. Currently, the total market capitalization of listed with 291 million US dollars, slightly below the previous week’s levels. The dominance of the Bitcoins marked meanwhile, another new high for the year at 72.5 per cent and is currently trading at a strong 70 percent. Due to the rising Bitcoin dominance of the majority of the Altcoins had to leave again this week springs, you can relax on the weekends, partly slightly.
From Stefan Lübeck
12. August 2019BTC$0,00 -0.43%part Facebook Twitter LinkedIn xing mail
Also, the majority of the Top 10 Coins has been as a result in this week’s rate losses. The Ripple price since it was already better. So the price of XRP is formed with a Minus of just under five per cent at the end of the Top Coins. With a weekly gain of 9.5 percent of the Binance-Coin-price in contrast, a positive exception, and this increases to around 6 percent more than the price of Bitcoin. Thus, the Binance-Coin-rate stands for the time being, against the downward trend of the last few weeks. The return of the Top 10 of Altcoins this week, Monero, with a rate increase of 3.9 per cent and can boast the second strongest week of increase among the Top Coins. Seven Coins have registered week-over-week, however, a rate discount.
look at the market capitalisation
total market capitalization on the Basis of values of Cryptocap shown
on a Positive note to the overall situation, that this week seems to be the old resistance at 278 billion US dollars for the time being support. However, the Situation is coming to a head at the altcoin market, many small Altcoins continue to see new all-time lows. Here, you must first be a stabilisation before a Altcoin rally is possible at all.
Best price development: Binance Coin (BNB)
rate analysis on the Basis of the value pair NBB/USDT on Binance
While the Ripple rate performs relatively poorly, it creates the Binance Coin to counteract the negative Trend and is the strongest Altcoin in the Top 10. With a week Plus of 9.5 per cent of the course was coming to the downtrend line from the high of the year to break through. The price is currently trading just above the 30 Dollar mark. Thus, the 61.8 percent Fibonacci Retracement Level at 26,49 US Dollar was able to pass the course. However, the conclusion of the increase was on the upper side in the area 31,52 US Dollar again. Thus, the BNB price is currently in a sideways phase and is caught between the tightening Bollinger bands on the daily chart.
Only a fraction of 62,60 US Dollar would offer fresh Potential for a further price increase. In case of breakage of this brand, the goals 35,10 US Dollar, as well as the old all-time are enabled high in 39,66 US Dollar. The price of NBB is below the upward trend line at 27,80 US Dollar, the July Low at 24,10 U.S. Dollar in focus. There is also the exponential moving is currently the average of the last 200 days.
Even if the Binance Coin is currently developing positively, it is still too early to talk about the end of the correction. The current increase of BNB in a majority of weak Altcoin environment is likely to continue, the continuing demand at the Initial Exchange Offerings owed. As long as the interest persists because it has BNB a good chance to develop in the coming time more positive.
The indicators RSI and MACD to supply in the daily chart is currently bullish signals and can both increase slightly. However, a different picture is shown on a weekly basis. The RSI is falling, but still above the mark of 55. The MACD indicator returns in the expiration week, however, the first bearish signals. In this respect, the indicators provide at the moment no uniform Signal. This mixed picture is therefore, currently there are no clear conclusions, and a mixed overall picture. It is currently to continue to closely monitor whether the rate may stabilize at the current level. Currently, there is no interesting trading setup for the Binance Coin is therefore. Worse still, it looks for the Ripple rate.
Worst course development: Ripple price (XRP)
rate analysis on the Basis of the value pair to XRP/USD on Bitfinex
another poor week, however, the Ripple price (XRP) behind. To not make the beginning of the week, Ripple it, to overcome the horizontal resistance at $ 0.33 and fell in the Wake of a weak altcoin market again under the 0,30-US-Dollar-brand. A Petition against the “Dumping” of XRP on the market have added to the course in the past few days again. As long as it creates XRP to break the $ 0.33 a sustainable, outweigh the downside risks. Of Central importance is the Depth from the July 0,285 US Dollar. In this area of the super trend from the weekly chart is currently and so for the time being, Holding.
the range of $ 0.28 to the Ripple-rate, however, is activated under the steps, the targets at 0.25 US dollars, as well as including the brand 0,223 US Dollar. The chart technical Situation appears to be very tense, a trend of formation with new lows seems to be the case at present, the more probable scenario. Only a sustained break of the $ 0.33 would brighten up the chart image, and could allow for a re-Test of the exponential moving average of the last 200 days at 0,362 US Dollar.
The RSI and the MACD-indicator in the daily chart for the Ripple rate bearish signals. The RSI is interpreted with a value of 37 is still weak, in addition, the MACD is in the process has week a new sell signal formed. The picture is similar to week view. Both indicators continue to show bearish signals, the overall negative image prevails, therefore,. For Ripple, a Short scenario is thus. The rate falls by a Daily close below the important mark of 0,283 US dollars, would be activated, the addressed Short scenario with a minimum target of 0.25 US-Dollar. The Stop should be chosen a Loss, however, tight and just above the $ 0.30 USD will be set.
stability of the Top 10
In the last week with slight gains at the Top could be-10-Coins listed. Unfortunately, the average price curves with a discount of 3.1 percent to values negative once again. The rankings of the Top 10 Altcoins have changed this week again to one of two positions. The Binance Coin slides with a strong weekenentwicklung to Eos over on court six. After a long abstinence can be advancement in addition Monero to Stellar passing on to the tenth place. With a few exceptions, the Top 10 Altcoins are not able to follow the Bitcoin week-over-week again, which has something to do with the current dominance of the reserve currency together. The Ripple rate, despite his Performance on court three.
winners and losers of the week: Ripple rate comparatively well
it was While the development of the Top 100 Coins in the last week, still a little hope, this week, the disillusionment. A complete crash could be averted thanks to a strong last Week, although apparently, however, 70 percent of the Top 100 Altcoin/USD make a note of pairs currently in the Minus. Accordingly, the majority of Altcoin/BTC Charts show further South. At least first live show in the last 48 hours characters with some Altcoins such as Bitcoin Cash, or Cardano.
In a weak market environment this week, we have only three Top-100 Coins, which can at least show a slight double-digit rate increase. With a plus of 15 percent of the Coin is Algorand the strongest among the Top 100, followed by the RIF Token with a Plus of 12.7 percent. Also, the prices of the crypto-exchanges such as Huobi Token and the OKB Coin are required in addition to the Binance Coin this week. Among the biggest losers this week of the week loser of the last week with the Egretia Coin and a discount of 19 per cent again. The loser of the week, GXChain, loses a good 30%, nearly a third of its value. More than 30 Coins in the Top 100 suffered double-digit losses and fall further and further behind the Bitcoin, what was depicted in many Coinpreisen in the new absolute lows. In the Top-100-comparison of the Ripple rate so comparatively well.
time for the Altcoin-Season? The Bitcoin dominance advises to Wait
market capitalization is an exclusive Bitcoin on the Basis of values of Cryptocap, as well as on the Basis of the value pair is BTC/USD on Coinbase
As shown in the last issue feared, from the looks of the Chart of the Altcoin total market vs. Bitcoin continues to weak, and a new 52-week selected this week again-Deeply. Thus, a first test of the lows from the December 2017 is achieved. The hope is that the brand is for the time being, a striking Deep, and the Chart for the benefit of the Altcoins can recover.
as Long as the dominance of the Bitcoins on week increases further, seemingly unstoppable, is not to be expected that with a timely change in the Situation. Although the Bitcoin dominance has not reached the activated target in 73,94 percent. As long as the dominance is not, however, significantly below the 70-percent mark, the altcoin market continues to be a difficult patch.
Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
The chart images have been using trading view created.
USD/EUR exchange rate at the time of writing: 0,89 Euro.
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