Bitcoin, Crypto currency, Blockchain

Altcoin-market analysis KW35 – But still have a green week

The total market capitalization has risen to 226 billion U.S. dollars. All of the crypto course were able to demonstrate currencies profits. With EOS and IOTA, these are two crypto-currencies even in the two digit range.

NamePrice in US dollarsMarket capitalization in billion U.S. dollarsChange of course within the week, in percentCourse evaluationSupport in EuroResistance in Euro
Bitcoin6.921,52119,308bullish6.883,957.112,21
Ethereum286,0529,062more bullish276,55298,53
XRP0,3413,574more bullish0,320,37
Bitcoin Cash545,389,443more bullish521,40557,80
EOS5,344,8411more bullish5,235,59
Stellar0,234,244bullish0,220,24
Litecoin60,283,509more bullish57,7462,85
Tether1,002,810
Cardano0,12,627more bullish0,090,11
IOTA0,711,9637neutral0,600,84

Shows the price development of ten crypto-currencies with highest market capitalization, which is given in billions of US dollars.

The week makes the crypto-Investor breathe again. Cynical of course you can ask, “how long”. As at 28. August, it is still too early to talk of a bull market. But we rejoice at such stage wins! Apart from the Tether, could currencies of all the Crypto in the Top 10 of the exchange gains recorded, regardless of the ETF rejections, or of the predicament in China. In the case of EOS, and IOTA, it is profits over ten per cent. IOTA was able to get in with a profit of a full 37 percent in the Top 10. The market capitalization increased accordingly from 212 billion US dollars to 226 billion dollars. Currently everything looks very green and even slightly bullish. The end of the bear market is not yet to be seen, but for a temporary Long Position can be Loss in terms Stop and Target at Support and Resistance in the Top-10-table oriented.

Best price development: Iota (MIOTA)

After IOTA had to recently leave rather worrying News to the Core Team of the circle of the Top 10, have catered to the recent Statements from the house of Fujitsu for a resurgence. The IOTA course, was able to rise above the exponential moving averages EMA50 and EMA100 and is aiming for current Rate levels as at the beginning of August. The MACD confirmed these intentions, he is still positive and rising. The RSI has overbought values above 80 reached, resulting in a rather neutral impression. In principle, therefore, is more likely to wait until the market is less overheated, you should be in front of a Long Position for a Bounce at the first Support at $ 0.60, respectively, a RSI below 70 wait. Daredevils can now have a Long Position open, when the two Resistances as Targets can be used, and as a Stop Loss on the first Support selected. Should the share price fall below the Support at $ 0.60, you can select Below the EMA100 as a Signal for the opening of a Short Position, wherein the second Support at $ 0.51 as the Target and the EMA100 as a Stop Loss is used.

Worst course development: Ethereum (ETH)

Ethereum was able to show small gains, but with just under two percent of the Ethereum-rate compared to the worst develop – Tether with a -0.5 percent change is ignored. A total of Ethereum moves since mid-August rather sideways, but at least the exponential moving average to overcome EMA50. The MACD is increasing above zero, the MACD line (blue) is currently above the Signal (orange). The RSI is almost 60. Overall, you have a rather bullish impression. With a tight Stop Loss at the height of the first Support at 276,55 dollars to the two Resistances in 298,54 the US Dollar and the 318,80 US Dollar as the Targets. Should the price is below the Stop Loss to fall to the first-mentioned Support as a Stop Loss for a Short Position and the second Support in 259,58 US Dollar as the Target.

Stability of the Top 10

So Monero is rising again in the Top 10, would have to rise to the Monero-rate to 15 percent. Significantly scarcer, the distance between the Cardano and the Tether, which is only seven percent. Finally, the distance between the Stellar and EOS is still to mention, is after all, only 14 per cent.

Winners and losers in the course of fall

On average, all crypto are increased, currencies by ten percent. Thus, currencies in a cut of all the Crypto better than Bitcoin performs. In the Top 100, the Situation is even clearer: These are, on average, risen by 14 percent. A whopping 89 percent of crypto-currencies within the Top 100 were able to show positive developments. In this context, Nano, byte ball and Walton chain, the rate could show gains of about 60 percent. In the case of Nano-Ledger-have played-the implementation and the calling of the election of Representatives to a role. Byte ball is currently trying to have a poll as Binances Coin of the Month, while Walton chains RFID-Chip is nearing completion. Loser of the week, MOAC, had to accept as the only in this week, more than ten per cent losses. Overall, only 43 percent of crypto-currencies within the Top 100 with a worse Performance than Bitcoin. The market share of Bitcoin currently stands at 53 percent.

Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts. BTC-ECHO table data on the Basis of coinmarketcap.com chart images on the Basis of the data of binance.com and kraken.com. USD/EUR exchange rate at the time of writing: 0.86 Euro.

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