Market trend has been consistently bullish for a couple of days now with cryptocurrency markets seeing a mix of red and green. Regardless of the fluctuations, the total market cap has remained largely unchanged.
Bitcoin has maintained its bullish momentum and holding quite strongly at $6,504. The major cryptocurrency has been able to maintain its weekly gain and is up by 5.1 percent in the last 7 days.
In the last 24 hours, Ethereum has enjoyed some small gains and is up around 1 percent. The second major cryptocurrency is currently trading at $222 as at press time. And on a weekly perspective, Ethereum is up by 13 percent.
Currently, the total market cap for the crypto market is holding strongly with fluctuations around $201 billion for majority of the day. As at press time, the total market cap is around $203 billion.
In a recent prediction, Silicon Valley venture capitalist and serial entrepreneur Tim Draper predicted that the total market capitalization for cryptocurrency will hit $80 trillion in the next 15 years. More so, he went on to cite the different markets that will be influenced by the cryptocurrency industry.
Stellar and Dogecoin
Among the top 20 cryptocurrencies Stellar (XLM) and Dogecoin (DOGE) have been the biggest gainers in the last 24 hours. As at press time, this two cryptocurrencies were up 2.6 and 4.3 percent respectively. By market cap, Stellar is the sixth top cryptocurrency and currently trades at $0.21, while DOGE sits comfortably on the 20th position and trades at $0.006.
Tezos and Binance
While majority of the top 20 cryptocurrencies have enjoyed some gains in the last 24 hours, Tezos (XTZ) and Binance (BNB) have seen the largest losses. Both cryptocurrencies are down by 3.9 and 2.6 percent respectively. Tezos which enjoyed some of the biggest gains a couple of days ago currently trades at $1.58, regardless, it is still up by 27 percent for the week.