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CMC100-Report (Week 14/2020): Cryptocurrencies close Ranks – BeInCrypto

There were not many significant movements within the ranking of the top 100 cryptocurrencies this week. There was however a tendency of market caps drawing closer to each other. As such, the biggest gainers showed in the the bottom half of the CMC100. The biggest gainers this week were Energi

There were however outshone by serial mover Swipe

SXP is listed on CoinMarketCap since August 2019 and it seems like the relatively young token hasn’t found its fair market price yet. Also, low liquidity might be an issue that drives volatility. Since SXP is mainly used for payments, there portion of tokens held on exchanges is rather low. In conjunction with its relatively high trading volume, compared to other cryptocurrencies ranked in a similar range, changes in demand spell a high price volatility.

All-time price chart of Swipe (SXP).

Among the top 40 cryptocurrencies, there were not many noteworthy movers. The largest gainer here was Huobi Token

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In the last week, the total market cap of all listed cryptocurrencies gained +12.0% to $190.8B. The Bitcoin dominance gained 0.3 percentage points to 65.2%. In the CMC100 ranking, we have recorded the following major changes:

#1: Bitcoin (Previous Week: 1, Cap: +9.1%)

#2: Ethereum

#3: XRP

#14: Huobi Token (Previous Week: 17, Cap: +15.1%)

#16: Cardano

#17: Chainlink (Previous Week: 16, Cap: +7.5%)

#19 Crypto.com Coin (Previous Week: 20, Cap: +14.3%)

#20: Dash

#31: Paxos Standard

#38: Decred

#39: Hedera Hashgraph

#41: ICON

#53: MCO

#56: Nano

#61: DigiByte

#62: Nervos Network

#66: Energi (Previous Week: 76, Cap: +38.3%)

#68: Quant (Previous Week: 80, Cap: +35.9%)

#75: Swipe (Previous Week: 106, Cap: +123.7%)

#88: Digitex Futures (Previous Week: >100, Cap: +72.1%)

Data as of 04/05/2020, 19:51 UTC. Source: CoinMarketCap

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As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic standards. That being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article.
This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions.
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