Market overview

This week, the overall market capitalization for the top 100 cryptocurrencies increased, with 89 projects increased in value to varying degrees. According to coinmarketcap, as of February 10th, 2019, the total market cap of the top 100 cryptocurrencies was 118.48 billion U.S. dollars, increased by 8.31% from last week, among which, USDC had the largest decreased of 13.40% in market cap, bringing its market cap ranking from No.19 to No.22, while QNT had the largest increased of 116.07% in market cap, bringing its market cap ranking from No.126 to No.51. In addition, there were 2 projects that entered TOP100, namely, QNT (increased 116.07%, now No.51), ETP(increased 18.17%, now No.98). As of February 10th, 2019, Bitcoin was traded at 3690.19 USD, 6.57% higher than its price last week. Ethereum was traded at 124.81 USD, 16.12% higher than its price last week.

The overall 24h trading volume increased this week. Overall, the 24h trading volume increased by 31.03% compared with the same period of last week. In this week, 61 of the top 100 projects increased by more than 20% in 24h trading volume, led by ARK with a weekly increase of 22710.48%; there were 10 projects that saw over 20% decrease in their 24h trading volume, led by ETP, with a decreased of 74.11%.

The top 10 cryptocurrencies’ market share distribution remained stable. On February 10th, the overall market cap of the top 10 cryptocurrencies was 104.78 billion USD, up by 7.97% from last week, accounting for 85.16% of the total market capitalization of cryptocurrencies, similar to the previous week. BTC’s dominance was 52.58%, down by 0.82% from last week.

Read The Full Report Here: Huobi Research Weekly 2/4 – 2/10