CMC100-Report (Week 11/2020): Cryptocurrency Markets Drop -34.4%

CMC100-Report (Week 11/2020): Cryptocurrency Markets Drop -34.4%

Altcoins
March 16, 2020 by cryptobreak
591

Our German team has been tracking the ranking of the top-100 cryptocurrencies since January, reporting significant changes in a weekly CMC100-Report:

Due to the fears surrounding COVID-19, the crypto markets crashed on Thursday and recorded the worst day in their history. Investors are still extremely fearful.

Some stablecoins like Paxos Standard (PAX), USD Coin (USDC), and Binance Coin (BUSD) were able to strongly gain liquidity amid these extreme market movements. The latter made issuances for the third time in a row and is now ranked higher than its competitor TrueUSD (TUSD).

Excluding stablecoins, all cryptocurrencies are deep in the red. The least bad performer was UNUS SED LEO, the exchange token for Bitfinex and Ethfinex. Compared to Bitcoin, LEO gained +29,5% to trading at 17,016 satoshis.

By far the worst performer was the payment platform Swipe. This is peculiar, since Swipe was one of the top performers in January, but has lost ground since and dropped out of the CMC100-ranking for now.

In the last week, the total market cap of all listed cryptocurrencies dropped -34.4% to $153.7B. The BTC-dominance dropped 0.3 percentage points to 63.7%. In the CMC100-ranking, we have recorded the following major changes:

#1: Bitcoin (Previous week: 1, Cap: -34,7%)

#2: Ethereum (Previous week: 2, Cap: -39,3%)

#3: XRP (Previous week: 3, Cap: -26,6%)

#4: Tether (Previous week: 5, Cap: -0,4%)

#5: Bitcoin Cash (Previous week: 4, Cap: -38,0%)

#6: Litecoin (Previous week: 7, Cap: -31,5%)

#7: Bitcoin SV (Previous week: 6, Cap: -39,2%)

#11: UNUS SED LEO (Previous week: 17, Cap: -5,5%)

#12: Stellar (Previous week: 13, Cap: -26,0%)

#13: Chainlink (Previous week: 11, Cap: -48,2%)

#15: TRON (Previous week: 14, Cap: -34,4%)

#17: Monero (Previous week: 15, Cap: -34,2%)

#19: USD Coin (Previous week: 26, Cap: +20,8%)

#20: Crypto.com Coin (Previous week: 19, Cap: -36,5%)

#22: NEO (Previous week: 20, Cap: -42,1%)

#25: Cosmos (Previous week: 23, Cap: -39,4%)

#27: Maker (Previous week: 25, Cap: -49,7%)

#30: Paxos Standard (Previous week: 36, Cap: +16,1%)

#34: Basic Attention Token (Previous week: 31, Cap: -38,4%)

#36: Hedera Hashgraph (Previous week: 39, Cap: -19,8%)

#37: Binance USD (Previous week: 59, Cap: +46,2%)

#38: TrueUSD (Previous week: 45, Cap: -4,8%)

#40: Qtum (Previous week: 37, Cap: -37,5%)

#46: Algorand (Previous week: 35, Cap: -50,1%)

#52: Ravencoin (Previous week: 46, Cap: -40,3%)

#57: DxChain Token (Previous week: 62, Cap: -19,2%)

#61: ABBC Coin (Previous week: 77, Cap: -16,1%)

#64: Steem (Previous week: 72, Cap: -25,7%)

#68: Komodo (Previous week: 76, Cap: -29,8%)

#69: Nervos Network (Previous week: 61, Cap: -48,8%)

#78: v.systems (Previous week: 67, Cap: -48,6%)

#82: Ren (Previous week: 75, Cap: -47,3%)

#83: WAX (Previous week: 91, Cap: -30,0%)

#85: STASIS EURO (Previous week: >100, Cap: -4,3%)

#94: Matic Network (Previous week: 78, Cap: -55,3%)

#98: Chiliz (Previous week: 86, Cap: -47,2%)

#109: Aion (Previous week: 88, Cap: -52,3%)

#131: Swipe (Previous week: 82, Cap: -73,5%)

Data as of 03/15/2020, 15:32 UTC. Source: CoinMarketCap

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