HiveEx.com weekly coin analysis of 1,592 coins: Huobi Token sees biggest increase in 24 hour volume

Published on
May 21, 2018

Cryptocurrency brokerage trading service, HiveEx.com, has released a weekly analysis of all coins available on CoinMarketCap.

  • Weekly analysis of 1,592 coins as well as top 100 coins weekly movements
  • US$138.3 billion traded in the past week – 17% down on the week prior
  • Biggest 7-day price growth by percentage was Global Cryptocurrency up 818% to US$0.0120
  • Biggest 24-hour trading volume was Huobi Token, up US$123.4 million to US$175.4 million
  • Global Cryptocurrency sees biggest increase in market cap, up by 913% to US$10.3 million

For immediate release, Monday, May 21, 2018, Sydney, Australia – Cryptocurrency brokerage OTC trading service, HiveEx.com, has released its weekly coin analysis of all 1,592 coins available on CoinMarketCap.

Each week, HiveEx.com will analyse the performance of these coins, including a seven-day change in value and growth of coins, trade value change, and market capitalisation. A separate analysis of the top 100 coins by market cap has also been included in the weekly report.

Key Findings: 1,592 coins analysis

All prices listed are in US dollars unless otherwise specified.

7-day volume

The total volume traded in cryptocurrencies over the last seven days was $138.3 billion. This has decreased by 17% compared to the previous week.

The top five cryptocurrencies by total seven-day volume are:

  • Bitcoin at $42.8 billion
  • Tether at $21.96 billion
  • Ethereum at $16.9 billion
  • EOS at $10.1 billion
  • Bitcoin Cash at $6.1billion

Price

Regarding percentage growth, Global Cryptocurrency saw the biggest increase in price, up 818% to $0.0120, while Copico saw the biggest drop in price, down 90.85% to $0.0035.

Bit20 saw the biggest increase in price. Its value increased by $98,524 to $847,119, while Project-X saw the biggest drop in price, down $7,207 to $103,461.

24-hour trading volume

Regarding percentage growth, CHIPS saw the biggest increase in 24-hour volume, up 157,141% to $447.96, while Freicoin saw the biggest drop in volume, by 99.97% to $0.02.

Huobi Token saw the biggest increase in 24-hour volume. Huobi Token’s 24-hour volume increased by $123.4 million to $175.4 million, while bitcoin saw the biggest drop in volume, by $907.2 million to $4.9 billion.

Market capitalisation

Regarding percentage growth, Global Cryptocurrency saw the biggest increase in market cap, up 913% to $10.3 million, while Copico saw the biggest drop in market cap, down 90.85% to $54,750.

Zcash saw the biggest increase in market cap. Zcash’s market cap increased by $356.8 million to $1.4 billion, while Bitcoin saw the biggest drop in market cap, down $4.3 billion to $144.5 billion.

Market capitalisation: rank

SelfSell saw the biggest increase in rank position. SelfSell’s rank increased by 1,105 spots to 269. Switcheo saw the biggest drop in rank, down 1,064 spots to position 1,376.

Key Findings: Top 100 coins by market cap

Price

Regarding percentage growth, Zcash saw the biggest increase in price, by 33% to $346.8230, while Mithril saw the biggest drop in price, down 32.65% to $0.7720.

Regarding price change based on value, Zcash saw the biggest increase in price. Zcash’s value increased by $87 to $347, while Bitcoin saw the biggest drop in price, down $256 to $8,478.

24-hour trading volume

Regarding percentage growth, Populous saw the biggest increase in 24 hour volume, by 475% to US$38,036,200.00, while Kin saw the biggest drop in volume, by 86.46% to US$568,547.00.

Regarding price change by volume, Huobi Token saw the biggest increase in 24-hour volume. Huobi Token’s 24-hour volume increased by $123,396,200 to $175,382,000, while Bitcoin saw the biggest drop in volume, by $907,170,000 to $4,926,090,000.

Market capitalisation

Regarding percentage growth, Zcash saw the biggest increase in market cap, by 35% to US$1,372,844,654, while Mithril saw the biggest drop in market cap, by 32.65% to US$236,549,651.

Zcash saw the biggest increase in market cap. Zcash’s market cap increased by $356,816,125 to $1,372,844,654, while Bitcoin saw the biggest drop in market cap, by $4,254,856,652 to $144,495,997,630.

Market capitalisation: rank

iExec RLC saw the biggest increase in rank position. iExec RLC's rank increased by 25 spots to 96, while Mithril saw the biggest drop in rank, by 14 spots to position 76.

The full details of the analysis, including data tables for all measured areas of performance, can be viewed here: https://www.hiveex.com/news/weekly-coin-analysis-may-14-to-may-21-2018  

Comments from HiveEx.com CEO and co-founder, Fred Schebesta:

“We’ve created this analysis to help traders see where the biggest movers are coming from each week. We’ll now also be narrowing down on the top 100 coins, to see how the biggest players in the space are performing.
“When it comes to the biggest increase in market cap, Zcash (ZEC) took the lead over the past week, jumping by $356.8 million to $1.4 billion. The surge is likely due to the coin’s recent listing on Gemini, the cryptocurrency exchange owned by the Winklevoss Brothers. The announcement was made during the Consensus conference in New York City last week, triggering an immediate spike in both price and trading volume. It appears the excitement isn’t quietening down, as the coin has continued to show strong results throughout the week.
“The announcement by Gemini made it the world’s first licensed exchange of Zcash. With such promising figures, we may see other reputable exchanges start to list the coin in the near future. But we shouldn’t jump the gun with this prediction, as the coin is known for anonymous transactions, which can make tracing the source of transactions virtually impossible. It’s this anonymity that lead the Japanese exchange Coincheck to delist the currency this week, along with Monero (XRM) and Dash (DASH).
“The very reason for the coin’s popularity could be the very reason it stagnates. Though it’s more likely these are minor speed bumps that will smooth out with time. For now, it seems all eyes are on Zcash.”

–Ends–

 

Notes to editors:

  • Movements in rank, price, 24-hour volume and market capitalisation were calculated by subtracting the actual figure on the previous Monday from the current figure.
  • Percentage growth in rank, price, 24-hour volume and market capitalisation were calculated by subtracting the figure on the previous Monday from the current figure. This result was then divided by the figure from the previous Monday. It was then multiplied by 100 to give a percentage.
  • The 7-day volume was calculated by adding together the 24-hour volumes for the week.
  • Fred Schebesta, CEO and co-founder of HiveEx.com, is available for comment, opinion or interview regarding the new market analysis.
Written by
Michelle Hutchison
Global Head of Communication

PH: +61 403 192 994

michelle@hiveex.com
Contact
For further information, enquiries or comments, please contact:
Michelle Hutchison
Global Head of Communication
PH: +61 403 192 994
E: michelle@hiveex.com
About HiveEx.com
HiveEx.com is an over the counter (OTC) cryptocurrency trading desk, aimed at Sophisticated/Accredited Investors, which buys and sells large volumes of cryptocurrency, at a fixed price. HiveEx.com is a subsidiary of Hive Empire Pty Ltd, which also owns comparison websites finder.com.au and finder.com.
HiveEx.com HQ is located in Sydney, Australia
Level 10, 99 York St, Sydney, Australia
ACN: 642 470 417

With Offices in the US
32 East 31st, 4th Floor New York NY 10016

And Poland
Komandorska 12ul. Komandorska 12 (level 3) 50 – 022 Wrocław

View our client terms and conditions

Hive Empire Trading Pty Ltd (trading as HiveEx.com) is a subsidiary of Hive Empire Ventures Pty Ltd.

Hive Empire Trading Pty Ltd (trading as HiveEx.com) is registered with AUSTRAC, since April 23, 2018.

© Copyright 2017 Hive Empire Trading Pty Ltd
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies and ICOs are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own independent legal, tax and accounting advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision.