Crypto market 20 Aug: 7.13% rally with upside potential

Crypto market continues to push higher across the board on the back of bullish senitment and risk-off trading. The overall market-wide upward traction has been remarkable with an average gain of 7.13% in the past 24 hours.

Smaller coins, which typically rise and fall in tandem with bitcoin, are maintaining their corelation to the major currencies. Market direction is mostly infleunced by the large-cap coins, although they are not the main movers themselves.

The most popular cryptocurrency is up 4.1% to US $46,550. Ether is trading at US $3,170 (up 5.1%)

Among the Top 10 big caps, Cardano (ADA) is the best performer up 14.8% in 24 hours.

Top 10 cryptocurrencies by market capitalisation over the past 24 hour period:

CryptoUSD24HCap
Bitcoin (BTC)$46,5504.1%$875B
Ethereum (ETH)$3,1705.1%$371B
Ripple (XRP)$1.226.6%$122B
Cardano (ADA)$2.4214.8%$78B
Binance Coin (BNB)$4298.2%$72.1B
Dogecoin (DOGE)$0.313.7%$41.1B
Polkadot (DOT)$26.410.4%$29.1B
Uniswap (UNI)$27.95.9%$27.9B
ChainLinkToken (LINK)$26.85.8%$26.8B
Stellar (XLM)$0.366.7%$18.2B

At press time, here are 10 crypto coins outperforming the market average:

CryptoUSD24HCap
NOW Token (NOW)$0.0744.5%$0.005B
SwarmCity (SWT)$0.04921.3%$0.00042B
DENT (DENT)$0.00719.7%$0.7B
OmiseGO (OMG)$6.1318.7%$0.9B
FunFair (FUN)$0.02718%$0.3B
Pundi X (NPXS)$0.001917.4%$0.48B
ShareToken (SHR)$0.0417.4%$0.09B
COTI (COTI)$0.2515.1%$0.5B
Cardano (ADA)$2.4214.8%$78B
Algorand (ALGO)$1.0412.7%$5.9B

Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile asset with a high level of risk.  Any news, opinions, research, data, or other information contained within this website is provided for news reporting purposes as general market commentary and does not constitute investment or trading advice. 

/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s). View in full here.