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Coinspeaker partnered with ICOBox to provide our readers with this weekly analysis conducted by Professor Dima Kornilov and Dima Zaitsev faithful to cryptocurrency and digital assets markets switches that took place ter February , including overheen the last week (February 5-11, ).
Information spil of February 11,
This report wasgoed created by:
- Professor Dmitrii Kornilov, Doctor of Economics, Member of the Russian Academy of Natural Sciences, and Leading Analyst at ICOBox,
- Dima Zaitsev, PhD ter Economics, Head of International Public Relations and Business Analytics Department Chief at ICOBox,
- Nick Evdokimov, Co-Founder of ICOBox,
- Mike Raitsyn, Co-Founder of ICOBox,
- Anar Babaev, Co-Founder of ICOBox,
- Daria Generalova, Co-Founder of ICOBox,
This report presents gegevens on the cryptocurrency and ICO market switches during -. Special emphasis has bot placed on an analysis of the switches that took place te February , including overheen the last week (February 5-11, ).
1. Militar cryptocurrency and digital assets market analysis (by week, month, quarter). Market trends.
1.1 Genérico cryptocurrency and digital assets market analysis (by week, month).
Table 1.1. Trends te capitalization of the cryptocurrency market and main cryptocurrencies from December 1, , to February 11, *
* Gegevens spil of February 11, (all figures calculated at 00:00 UTC)
** Since December 1, , the ZAK-4 index has bot calculated using the cryptocurrencies Bitcoin, Ethereum, Ripple, and Bitcoin Specie.
*** When calculating the ZAK-8 index, the cryptocurrencies with the largest capitalization are used. At present (February 11, ), the cryptocurrencies Bitcoin, Ethereum, Ripple, Bitcoin Metselspecie, Cardano, Litecoin, Stellar, and NEO are used.
Gegevens source: coinmarketcap.com, https://www.smithandcrown.com
Since the beginning of , cryptocurrency market capitalization has fluctuated by around $650 billion. Overheen the course of one month, capitalization has dropped from a maximum figure of $835.Five billion (on January 7, ) to $276.8 billion (on February 6, ). Last week (February 5-6, ) began with another fall to $276.8 billion (fig. 1), but by Friday capitalization had already grown to $458 billion. One of the reasons for the acute decline on Monday and Tuesday wasgoed the fall te all exchange indices (see below).
The Smith + Crown Index for the week dropped to Nineteen,894.
The dominance of the four and eight largest cryptocurrencies spil of February 11, , (00:00 UTC) equaled Sixty-nine.2% and 77.2%, respectively, with bitcoin dominance equaling 34.4% (see Table 1.1).
Figure 1. Cryptocurrency market capitalization, February 5-11,
Gegevens source: coinmarketcap.com
Last week (February 5-11, ) overall cryptocurrency market capitalization decreased slightly, which led to a depreciation te the prices of 90% of cryptocurrencies and digital assets te the top 500 cryptocurrencies. A similar trend is permanently te evidence: if the cryptocurrency market grows, so do the prices of most cryptocurrencies, and vice versa. This permits us to talk of a high level of correlation inbetween the prices of the main cryptocurrencies, and, therefore, to conclude that the prices of cryptocurrencies are susceptible to the influence of one and the same factors.
During the analyzed period, only 50 of 500 cryptocurrencies displayed an increase ter price. The coins and tokens from the top 500 that displayed the highest price growth are introduced ter figure Two.
The growth and fall of cryptocurrency prices overheen the past week (February 5-11, )
The prices of some cryptocurrencies may fluctuate from -50% to +50% overheen the course of a single day. Therefore, when analyzing cryptocurrency price trends, it is advisable to use their promedio daily amounts on various cryptoexchanges.
Below wij consider the top Ten cryptocurrencies that showcased the largest switch te price overheen the past week (fig. 2-3). Ter this regard, only those coins and tokens included te the top 500 te terms of market capitalization (according to the gegevens of coinmarketcap.com) were considered.
Figure Two. Largest growth te prices overheen the last week
Gegevens source: coinmarketcap.com
The switch te price wasgoed calculated based on promedio daily gegevens.
Overheen the past week, the number of cryptocurrencies with a capitalization of more than $1 billion dropped from 26 to 24, and only four of them showcased an increase ter price overheen this period: Ripple, Lisk, Bitcoin Gold, and Zcash.
Tables 1.Two and 1.Trio voorstelling the possible factors or events that could have influenced the fluctuation te prices for certain cryptocurrencies. Table 1.Four shows the possible factors or events that could have influenced the cryptocurrency market te normal.
Table 1.Two. Factors and events that could have led to a growth te cryptocurrency prices overheen the past week