The third week of 2020 seems to be a positive week for the crypto market. Majority of the top 100 cryptos in the world have made some positive gains in general towards the end of the week.
As we prepare to begin the fourth week, here we bring you a brief analysis of how the top 5 cryptos performed throughout the week.
1. Bitcoin (BTC)
Bitcoin made an entry into the new week on Sunday, 12th January 2020 at 8,150.53 USD. Interestingly, that was the lowest point for bitcoin throughout the week.
It rose steadily and reached its peak on Sunday morning at 9,090.79 USD. As of press time on Sunday 19th January 2020, bitcoin is trading at 8,707.63 USD.
Having seen a growth of 11.53 per cent over the past one week and with a market capitalisation of 158.25 Billion USD, Bitcoin tops our list of the top 5 cryptocurrencies of the just ended week.
2. Ethereum (ETH)
Ethereum, the second most popular cryptocurrency just behind bitcoin is still leading as the second biggest crypto asset in the third week of 2020.
The week for Ethereum started well compared to the previous week with an initial entry of 146.21 USD.
Towards the end of the week on Saturday, Ethereum peaked at 174.80USD. Ethereum, however, had its lowest point for the week on Saturday with 146.01 USD.
As of press time on Sunday, Ethereum sells at 166.97 USD. Though this sums up as a dip towards the end of the week, conclusively, Ethereum achieved a growth of 14.19 per cent over the past week. Its capitalisation stands at 18.254 Billion Dollars.
3. RIPPLES (XRP)
Still struggling at the top, Ripples started the week with 0.21USD and has been going on a smooth ride up the curve throughout the week. Its peak was 0.248USD which happened on Sunday afternoon. There was no other least price for the week aside from the entry point. So in all, XRP concluded the week at 0.234USD with a gain of 11.4 per cent and a market capitalisation of 10.268 Billion Dollars.
4. Bitcoin Cash (BCH)
Bitcoin cash has been enjoying some major rise in price from the beginning of the year. BCH entered the week at 266.68 USD. Its peak was on Saturday morning when it earned a price of 388.35 USD. The lowest point, however, was the entry point which means it’s seen positive growth. As at press time, BCH is selling at 338.21 USD on Sunday. Per mathematics, BCH has seen a growth of 26.82 Percent over the week. Its market capitalisation is pegged at 6.17 Billion Dollars.
5. Bitcoin SV (BSV)
Our fifth and final coin on the top five list of cryptocurrencies was Tether. Unfortunately, this week wasn’t a good one for the USD tether as it has had to move down a step further, thanks to the marvellous performance of Bitcoin SV (BSV).
BSV started the week with 162.84 USD. Towards the end of Tuesday, BSH reached its peak price of the weak which stands at 422.74 USD.
Its lowest pricing, however, has been the entry point. So no much trouble for this coin in terms of performance. As of press time today, Sunday 19th January 2020, BSH is selling at 257.32 USD.
Having clocked an increase of 58.02 per cent and a market cap of 5.065 Billion Dollars, BSH is the final coin on our list for the week.
Kindly check out our list of top 5 cryptocurrencies based on market capitalisation and percentage gains Nextweek Sunday.
NB: We do not give advice on crypto investments. Like any other investment program, cryptocurrencies are very risky ventures to invest in. Please do seek the views of an expert before making a decision to invest in cryptocurrencies