Market Overview.
Welcome to November guys! in October the market grew by 25.65% adding an impressive $37.7Billion. While yesterday Bitcoin got a boost from the CME GROUP announcement sending it and the market to all-time highs above $6500 and $184Billion. The market gained $5.48Billion a 3.06% rise to close (GMT+11) at $184.705Billion while volume traded was $5.32Billion a sharp rise of 64.76% from the previous day regaining the attention of investors. A total of 1244 cryptocurrencies and 6319 market pairs were traded. Bitcoin's market dominance rose to 59.20% of the total market cap.
TOP 10 BY MARKET CAP
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | %CHANGE |
|---|---|---|---|
| 1 | BITCOIN BTC | 109.254 | 6.39 |
| 2 | ETHEREUM ETH | 28.893 | -2.01 |
| 3 | BITCOIN CASH | 8.223 | 9.51 |
| 4 | RIPPLE XRP | 7.691 | -1.89 |
| 5 | LITECOIN LTC | 2.976 | -1.52 |
| 6 | DASH DASH | 2.135 | -1.34 |
| 7 | BITCONNECT BCC | 1.791 | 6.42 |
| 8 | NEO NEO | 1.743 | -7.24 |
| 9 | NEM XEM | 1.603 | -9.94 |
| 10 | MONERO XMR | 1.334 | -1.69 |
| - | TOTAL | 165.643 | 3.06 |
| - | OTHERS | 19.062 | -3.77 |
BCH was our biggest gainer recording 9.51% growth with a 98.14% rise in volume reclaiming the No.3 spot, while NEM recorded the biggest loss of 9.94%. BCC moved up two spots to No.7 sending NEO and NEM down to NO.8 and 9 respectively, as all other coins retained their spots. BTC gained 6.39% adding over $6Billion with 52.13% of total volume traded. The top Ten cryptos combined market cap rose by 3.06% to close at $165.643Billion controlling 86.47% of the total market capitalization, while the remaining cryptos market cap dropped by 3.77% to close at $19.062Billion.
TOP 10 BY VOLUME TRADED
| RANK | COIN/ASSET | 24HR VOL (M$) | %CHANGE | DOM PAIR |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 2,773.51 | 70.69 | BTC/USD |
| 2 | BITCOIN CASH BCH | 794.79 | 98.14 | BCH/KRW |
| 3 | ETHEREUM ETH | 410.39 | 35.46 | ETH/BTC |
| 4 | TETHER USDT | 222.66 | 40.21 | BTC/USDT |
| 5 | LITECOIN LTC | 105.53 | 23.67 | LTC/USD |
| 6 | NEO NEO | 71.26 | 144.21 | NEO/BTC |
| 7 | GROESTLCOIN GRS | 68.66 | 148.05 | GRS/BTC |
| 8 | DASH DASH | 53.67 | 32.81 | DASH/BTC |
| 9 | RIPPLE XRP | 51.18 | 65.31 | XRP/BTC |
| 10 | QTUM QTUM | 48.68 | 151.84 | QTUM/KRW |
| - | TOTAL | 4,600.33 | 67.17 | |
| - | OTHERS | 719.67 | 50.81 |
QTUM with a 151.84% growth in volume returned to the board evicting ZEC to claim spot No.10. While LTC recorded the least rise in volume of 23.67% as all recorded growth in trading volume. Our dominant pairs show a 50% CRYPTO/FIAT pairing, with a positive effect on the market cap. Combined top 10 volume was $4.6Billion a 67.17% increase, and an 86.47% of total volume traded, while the remaining cryptos traded $719.67Million a 50.81% increase in investors attention.
NEW LISTINGS
| COIN | SYMBOL |
|---|---|
| ETHGAS | EGAS |
| eBTC | EBTC |
| FlypMe | FYP |
| Russian Mining Coin | RMC |
| Qvolta | QVT |
FRESH ICOs
Brickblock is a project to build a platform to seamlessly and transparently connect cryptocurrencies with real world assets. Users are given the opportunity to invest out of cryptocurrencies into real world assets like ETFs and Real Estate Funds with regular dividend payouts. Additionally, Crypto Funds offer a diversification within many cryptocurrencies with just one transaction. This ICO was launched 31/10/17 For more HERE
Relying on blockchain and token technologies Snovio works as a decentralized leadsourcing database and acts as a marketplace that rewards data contributors (agents) operating on Snovio network. The Platform will offer agents the opportunity to earn tokens, rewards and incentives while enriching our leads database with new people and companies. Snovio helps its clients to cut costs they spend on leadsourcing agencies, leads databases, freelancers and recruiters. Data contributors and agents can get paid when they help others to find job candidates or specifiс target audience. Snovio brings pricing transparency to both, clients and data suppliers. This ICO was launched 31/10/17 For more HERE
Protos is an investment fund that will be run by veteran blockchain investors and technologists who have founded investment vehicles with combined assets of over 1 Billion dollars and invested in 3 out of 5 of the highest market cap blockchain protocols in their earliest days. Protos will be capitalized solely by proceeds raised in an ICO. You trade USD, BTC or ETH for the PRTS Token. The team then trades established tokens and invests in new ones. This ICO was launched 31/10/17 For more HERE
ANNOUNCEMENTS
-CME Group Announces Launch of Bitcoin Futures- CME GROUP
-LRC, HSR and TRX Airdrop Bounty Program- BINANCE
- Meet the Core Team; Our Future Vision; and an Important Announcement – VERGE CURRENCY(XVG)
-Introducing Metal Vault Alpha - METAL PAY
NEWS
-Understanding Segwit2x: Why Bitcoin's Next Fork Might Not Mean Free Money-CoinDesk
-Bitcoin All-Time Highs Keep Coming As Bloomberg Says it is now ‘Legit’ -CoinTelegraph
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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