Top 10 cryptocurrencies by capitalization: analyzing the trends of 2018

In our brief review, we will try to cover the general trends of the flagships of the cryptocurrency world, which began to emerge in the first week of January 2018

Let's start our review with a general analysis of the level of capitalization of cryptocurrencies, the total volume of which, at the end of 2017, was about 508 billion US dollars.

On the eve of Catholic Christmas, on December 24, 2017, the rating of cryptocurrencies by capitalization level looked something like this:

The first place was occupied by Bitcoin with a capitalization level of $280 billion, which was approximately 55% of the total volume;

In second place was Etereum with a capitalization volume of $70 billion, which is 14% of the total of the total market volume;

Third place belonged to Bitcoin Cash with 30 billion and this is about 6% of the total cryptocurrency. 

Ripple did not make it into the top three then, having a modest reserve of 20 billion and four percent of the crypto market share.

Next were Litecoin, IOTA, DASH, which had 3.5, 2.5 and 1.5 percent respectively.

Were unable to overcome the one-percent barrier Monero, NEM, Bitcoin Gold with only 0.95%

The total capitalization level of all other alt coins was 12.55%

The end of 2017 and the beginning of 2018 was marked by a sharp start for Ripple. The information that large international banks have invested in Ripple, who are trying to find an alternative to the SWIFT system, in terms of instant and cheap international transactions, provoked an explosive increase in the price of coins, the cost of which increased by almost 290%, from 0.860 USD to 2.500 USD.

Thanks to this, already in the middle of the first trading week of the new year, Ripple displaced Etereum from second place with a capitalization of more than 120 billion dollars, and Etereum moved to third place with an indicator of 85 billion dollars.

The price chart clearly shows the buy and sell zones for Ripple. Here we understand that a breakdown downward at the 2.800 level means a decline into the zone of two dollars per coin, so the volume shows that yesterday many here took profits by closing positions. 

Bitcoin, on the contrary, in the first “post-holiday” days, started the new year quite relaxed: the price either hovered sideways for a long time, then dropped to the zone of last year’s lows, to the level of twelve thousand dollars.. As we now know, the reason for this was a large transfer of capital from Bitcoin to Bitcoin Cash, the closing of positions on Height (“highs”) and the withdrawal of the cue ball into fiat, as well as the dissemination of negative information about the lack of prospects for Bitcoin, about the soap bubble: starting with “pyramids” and ending with “Dutch tulips.”

On January 2, the capitalization of Bitcoin decreased to a record low level for it, occupying a share of the total capitalization of cryptocurrencies - 35%, but still while retaining the title of leader.

If you look at the price chart, after consolidating in the thirteen thousand zone, it became clear that we were going up and many did not miss the chance to “buy in” on the cue ball. 

In the evening of the same day (01/02/2018), the price finally “broke through” the “triangle” figure and began to grow, consolidating in the zone of 15 thousand, and on the last working day of the week reached the zone of seventeen thousand dollars.

Positions on “Buy” can still be kept open, since in January we expect an update of the global maximum of 20 thousand.

Tournament table for the volume of capitalization now looks as follows:

First place goes to Bitcoin with a “prize fund” of capitalization of about $290 billion;

Second place goes to Ripple with a capitalization indicator of 116 billion;

Etereum closes the top three with 95 billion.

By the way, on the ETH/USD chart you can predict a quick revenge for Ethereum in the fight for second place.

I believe that after highs in the thousand per coin area, we will see shallow consolidation and renewed growth in the area of 1100.00 - 1500.00 dollars.

A little behind the flagships crypto-world Bitcoin Cash with a “state” of $44 billion;

NEM gained 14 billion and took seventh place, and Litecoin, having wasted its capital, dropped from fifth place to eighth, with a balance of $13 billion.

The top ten is closed by IOTA (iota) with an indicator of 10 billion.

DASH and MONERO were not included in the top 10 having 9 and 6 billion respectively, however, managed to increase their capitalization, compared to December last year, by approximately 3 billion USD.

According to https://coinmarketcap.com