[2017-11-18]Weekly Cryptocurrency and ICO Market Analysis [November 6-12, 2017]

[patrickUN]

Since the beginning of November (November 1-12, 2017), total cryptocurrency market capitalization has ranged from $182.65 to $212.15 billion, and by the end of last week equaled $200.58 billion (see Table 1.1).

The Bitcoin and Bitcoin Cash exchange rates changed significantly during the period from November 5-12. For example, the Bitcoin exchange rate depreciated by 15%, from $7,404.52 to $6,295.50, while the Bitcoin Cash exchange rate appreciated by 117.28%, from $619.91 to $1,346.97. The Ethereum and Litecoin exchange rates also increased to $314.70 and $62.31, or by 4.88% and 13.23%, respectively.

Over the past week there was a considerable shift in market dominance in favor of Altcoins (Bitcoin Cash, Litecoin, Dash, Monero, IOTA, etc.), while Bitcoin dominance fell by approximately 10%, from 61.85% to 52.3% of total cryptocurrency market capitalization. Correspondingly, Altcoin dominance (%) increased from 38.15% to 47.7%.

https://www.coinspeaker.com/2017/11/13/weekly-cryptocurrency-ico-market-analysis-november-6-12-2017/

[Falgorn]

The trend in the crypto currency market is generally positive. I'm against the uncontrolled growth of bitcoin in price. Uncontrolled growth of bitcoin will necessarily cause opposition from individual states and this will have a bad effect on the fragile crypto-currency system. Bitcoin and altcoins should develop and grow in parallel. In the meantime, bitcoin grew at the expense of rush demand for it in the hope of gaining superprofits due to the growth of its price. This oppresses the altcoyins. Namely, they are those workhorses who must work in the narrow spheres of our daily life. Altcoins should grow and develop.