Latest Coinmarketcap News

  • Bitcoin Dominance Slides to 12-Month Low as Crypto Market Cap Tests Resistance
    Bitcoin Dominance Slides to 12-Month Low as Crypto Market Cap Tests Resistance
    Bitcoin’s dominance has fallen to a 12-month low despite its recent rally, signaling renewed strength in the altcoins markets. Bitcoin’s (BTC) dominance relative to altcoins has fallen to its lowest point in 12 months, with the leading cryptocurrency representing 61% of the $359.5 billion combined cryptocurrency capitalization. Bitcoin’s dominance has slid from more than 67% as of mid-May and is down from a local high of 69.9% during September of last year — the strongest moment for BTC dominance since the first quarter of 2017. Bitcoin dominance: CoinMarketCap Altcoins recapture dominance Bitcoin’s relative decline in dominance comes as the collective crypto market cap tests major resistance amid pushing into 12-month highs.  An extra $11 billion in value would see the combined crypto capitalization break above $370 billion for the first time since May 2018. Total market cap of all crypto assets since 2017: CoinMarketCap Altcoins trading heats up on Binance Futures Despite the strength of Bitcoin’s July rally into five-figure prices, the month saw the combined capitalization of altcoins tag $140 billion for the first time in 24 months. Altcoin market cap since 2017: CoinMarketCap Binance’s July trading report also shows renewed strength in the altcoin markets, with altcoins growing from roughly 32% to represent 40% of volume on Binance Futures. Binance attributed the strong performance of altcoins to the growing popularity of Ethereum-based decentralized finance (DeFi) protocols and Ether (ETH) accumulation in anticipation of ETH staking. Ethereum and DeFi drives alt season July saw the value of assets locked in DeFi double from $2 billion to $4 billion. According to CoinMarketCap, the ten-largest DeFi tokens represent a market cap of roughly $7 billion.
  • Chainlink long-term Price Analysis: 30 July
    Chainlink long-term Price Analysis: 30 July
    Chainlink, at the time of writing, occupied the 12th spot on CoinMarketCap's charts with a market capitalization of $2.5 billion.
  • HEX Plasters UK With Ads Boasting of 11,500% Returns
    HEX Plasters UK With Ads Boasting of 11,500% Returns
    Ads boasting that the price of the controversial HEX token has risen 11,500% in four months appeared at English Premier League soccer games. Richard Heart’s controversial HEX token has launched an advertising blitz in the UK, plastering ads on London public transportation, in newspapers, and during English Premier League soccer games.  As reported by Twitter user Metallic Elmo, scrolling text appeared behind players at the series of soccer matches on July 26.  “HEX price went up 11,500% in 129 days,” the ads stated, directing viewers to visit the ERC-20 token’s website. Four months ago — March 19 — the altcoin was priced at $0.0000359 according to crypto analytics site CoinMarketCap, compared to $0.004394 on July 26, an increase of 12,139%.  User hexhivist posted a photo of the same phrase on a HEX advertisement on the side of one of London’s famous red double-decker buses.
  • Bitcoin Price Soars on Strong Weekly Close Putting $10.5K Within Reach
    Bitcoin Price Soars on Strong Weekly Close Putting $10.5K Within Reach
    Bitcoin bulls target $10,500 after BTC managed a strong weekly close and rallied to $10,315. Within the last hour, Bitcoin (BTC) price rallied above $10,000 to set a new monthly high at $10,315.  The move came after a rather uneventful weekly close which saw the top-ranked digital asset on CoinMarketCap close above an important multi-year descending trendline.
  • CoinMarketCap Says Listing BNB as No.1 DeFi Token Was ‘Human Error’
    CoinMarketCap Says Listing BNB as No.1 DeFi Token Was ‘Human Error’
    CoinMarketCap has withdrawn BNB as the top DeFi token claiming it was a mistake. CoinMarketCap listed its parent company’s token Binance Coin at the top of its new DeFi list — and then quickly withdrew it following a barrage of criticism. First noticed by podcaster and Twitter user Yannick Eckl (@cryptonator1337), BNB was ranked higher than other well known decentralized finance tokens such as Maker (MKR), Compound (COMP), and Aave (LEND).  Apparently @CoinMarketCap has a #DeFi project ranking now.Guess what is on #1?Right, $BNB! What a coincidence.
  • Binance Buying a Traditional Bank Is Not a New Idea, CZ Says
    Binance Buying a Traditional Bank Is Not a New Idea, CZ Says
    Binance CEO CZ says that having their own bank would unlock one more channel for interacting with global regulators. Binance, the world’s largest crypto exchange, is considering purchasing or setting up its own bank. The company’s CEO Changpeng Zhao, or CZ, revealed the news during an AMA session hosted by Binance-owned CoinMarketCap on July 22. Could it happen? During the AMA, CZ highlighted that the idea of purchasing or building their own bank has been circulating around Binance for a while.
  • XRP short-term Price Analysis: 21 July
    XRP short-term Price Analysis: 21 July
    Disclaimer: The following article attempts to analyze the emerging trends in the short-term XRP market and its impact on the price.  XRP has moved down the CoinMarketCap list to the fourth positio The post XRP short-term Price Analysis: 21 July appeared first on AMBCrypto.
  • Chainlink Tops DeFi Ranking on CoinMarketCap Amid ‘Baseless Criticism’
    Chainlink Tops DeFi Ranking on CoinMarketCap Amid ‘Baseless Criticism’
    Suspicion is mounting as CoinMarketCap defends its listing methodology and denies Chainlink paid for exposure. Cryptocurrency ranking resource CoinMarketCap is facing a backlash after listing Chainlink (LINK) as the biggest DeFi token by market cap. The website’s new DeFi section lists what executives consider to be the most important altcoins in the space, which is seeing considerable interest from traders and investors. DeFi: Next week Binance Coin? Speaking to Cointelegraph, CoinMarketCap said that it employs “strict methodology” in order to determine if a particular token qualifies as “DeFi” and is therefore eligible for inclusion in its rankings. Chainlink, a smart contract platform, is however an unlikely addition — following the section’s launch, various commentators argued that LINK is not strictly a DeFi token. “Chainlink is now the number 1 defi token thanks to coinmarketcap deciding its a defi token and adding it to the list,” analyst and speaker Jason Fernandes wryly tweeted on Monday.  “Tune in next week when Binance coin becomes the second biggest defi token.” DeFi, or “decentralized finance,” has formed something of a craze in trading circles this year, reminiscent of similar attention paid to stablecoins and ICO tokens in previous years. As Cointelegraph reported, suspicions have accompanied the rise of the phenomenon, with multiple tokens seeing huge gains — and losses — over short timeframes. CoinMarketCap’s top ten DeFi tokens as of July 21.
  • Velas Enters the Top 100 Coinmarketcap and Launches on Bitcoin.Com Exchange
    Velas Enters the Top 100 Coinmarketcap and Launches on Bitcoin.Com Exchange
    The blockchain network that is self-learning and self-optimizing and claims to be able to deliver up to 30,000 transactions per second with a speed of anywhere from 1 second to 2 minutes.
  • Chainlink Token Price Surges, Briefly Breaks Into the Top Ten by Market Cap
    Chainlink Token Price Surges, Briefly Breaks Into the Top Ten by Market Cap
    The price of Link, the native token of the Chainlink network, soared in 48 hours gaining some 40% in that period.