The total market capital has risen this week to 381 billion euros. With the exception of Litecoin, NEO and Cardano, all crypto currencies have risen to the top 10. In the course of this rally, Monero rose to 10th place among the crypto currencies.
The price development of the ten crypto currencies with the highest market capital, which is stated in billions of euros, is shown. For crypto currencies that are currently not directly exchangeable into euros, the respective trading pair was taken with US dollars as the basis and converted into euros.
For investors in the crypto sector, the Bitcoin revolution this week was quite pleasant
Market capital rose from 344 billion euros to 381 billion euros. The crypto currencies in the top 10 showed an average price increase of 7%. The Bitcoin revolution exchange rate rose by 18.5 %, significantly more than the average. The Ripple rate has only risen by 14% since yesterday – which can be attributed to rumours that Ripple was listed as another currency accepted by Coinbase. This week’s winner is the Bitcoin revolution: With a price increase of 34%, the crypto currency, which focuses on privacy, performed significantly better than all other crypto currencies. In the course of this rally, Monero was able to climb to 10th place in terms of market capital, thus displacing DASH from the top 10.
The loser in the top 10 was Cardano, whose price fell by almost 11%.
Best price performance: Bitcoin loophole
The development of the Bitcoin loophole course was not only remarkable within this week says onlinebetrug. It already started in February: Since 6 February, the crypto currency has risen by 168%. In addition to the upcoming hard fork, in which quite a few want to participate despite all the security warnings, an integration of Monero within the Ledger Nano S is on the horizon. Both events resulted in the price not only rising above the exponential moving averages EMA50 and EMA100, but also reaching levels that the crypto currency has not seen for over a month.
A positive MACD as well as an RSI at 64 lead to a bullish impression. The support is described by the uptrend since the beginning of February. The resistance corresponds to the maximum reached on January 20th.
Worst price development: Cardano
The Cardano price has been in a downward trend for some time now. Since mid-February, it has not been able to rise above the exponential moving averages EMA50 and EMA100. The downward trend pursued since 28 January (pale blue marked) was indeed broken by the sideways movement that had been continuing for two weeks. However, the price is still below the downward-trend since the beginning of February, which is marked in dark blue. The price is currently only slightly above the monthly minimum of February.
The negative, but slightly rising MACD and the RSI at 48 together with the price and trend speak a neutral to bearish language. The support is described by the minimum that has been tested several times since the beginning of March. The resistance is defined by the plateau at the end of February.