Market Watch August 5

Bitcoin and Ethereum

BTC tests below $7200 as a downward spiral continues. Within the last 24 hours, the world’s largest cryptocurrency has lost about 6.37% of its market value, trading at $7018 while ETH is not looking any better trading at $407. Investors are optimistic that the new week will begin with a move on the green side.

The total market cap is $254 billion

BTC market cap is $121 billion

BTC dominance at 47.5%.

Major Crypto Headlines

Turkey Establishes Country’s First University Blockchain Center. 

Ethereum to Acquire Top-Level Domain Name With New Partnership. 

Central Bank of Thailand says Bank can now create subsidiaries for crypto dealings

Significant Gainers And Losers

ContentBox (+54.24%)

The price of ContentBox (BOX) has been on a steady increase since the beginning of this new month after it was listed on CryptoKrunch.io for trading. VIKKY emerged the most significant gainer in the market over a 24h period with a 54.24% increase against the USD. With its price at $0.032 and trading volume at $8,397,416, investors are optimistic that the price will continue its flight to the moon.

Namecoin (+33.35%)

NameCoin (NMC) ended the previous day with a steady 33.84% increase against the dollar, with a market price of  $1.61 and a volume of $112,294. NMC historical data from the last 7 days shows that the token is recovering from recent lows and investors made huge gains from the price spike in the last 24h.

Game.Com (+33.30%)

A new pump on Game.Com (GTC) pushed the token 33.30% higher than the USD in the last 24h period. At the time of writing, GTC trades at   $0.077 with a volume of $5,071,133. On Friday, GTC was delisted from the OKEx exchange platform due to lack of sufficient updates from the project team on the progress of the project. According to OKEx “There are no weekly or monthly updates, no information about their technical team, and no maintenance of their official communities.”

Cashcoin (-33.91%)

Cashcoin (CASH) is the most significant loser in the last 24h trading period with a 33.91% decline against the USD market. Cashcoin has been on a rapid downward and upward movements in the last 7 days. The project would need a lot of marketing and publicizing from its team if it must stand out in the competitive and volatile crypto markets. At the time of writing, the coin trades at $0.0098 with a volume of $225,837.

Cryptocurrency charts by TradingView