We’ve just finished the fourth week of 2020 and taking baby steps into the fifth week of the year 2020.
Generally, it still seems to be a positive year for the crypto market. Majority of the top 100 cryptos in the world have made some positive gains in general.
As we prepare to begin the fifth week, here we bring you a brief analysis of how the top 5 cryptos performed throughout the week.
1. Bitcoin (BTC)
Bitcoin undoubtedly still maintains its position as tops on the list of cryptocurrencies in the world.
It made an entry into the just ended week on Sunday, 19th January 2020 at 8,707.63 USD, with a growth of 11.53 percent.
It rose steadily and reached its peak on Wednesday morning at 8,789.49USD. As of press time on Sunday 26th January 2020, bitcoin is trading at 8,584.91USD.
Compared with last week, bitcoin has dropped by a percentage of negative 1.4 percent.
Despite the slight drop in percentage, it has a market capitalisation of 155.873 Billion Dollars, currently ranking it as the top cryptocurrency for the week.
2. Ethereum (ETH)
Ethereum, the second most popular cryptocurrency just behind bitcoin is still leading as the second biggest crypto asset in the fourth week of 2020. The week for Ethereum started quite badly compared to the previous week with an initial entry of 166.97 USD.
Towards the end of the week, on Friday, 24th January, Ethereum reached its bottom price at 156.75 USD. It however peaked on Wednesday at 170.24 USD.
As of press time on Sunday, Ethereum sells at 167.80 USD. Unlike Bitcoin, Ethereum saw a slight positive growth of 0.497 Percent. Ethereum currently has a market cap of 18.350 Billion USD and is ranked the second best cryptocurrency.
3. RIPPLES (XRP)
Still struggling at the top, Ripples started the week with 0.234USD and has been going on a very wavy drive throughout the week. Its peak was 0.238USD on Tuesday.
Ripples reached its lowest price of the week on Friday, trading at 0.215 USD. As of press time on Sunday, 26th January, XRP is trading at 0.266USD.
So in all, XRP concluded the week at 0.266USD with a gain of 13.68 percent and a market capitalisation of 10.069 Billion Dollars.
4. Bitcoin Cash (BCH)
Bitcoin cash has maintained its consistency of enjoying some major rise in price from the beginning of the year. However, this week seems to be a different one. BCH entered the week at 338.21USD. Its peak was on Wednesday morning when it earned a price of 347.81 USD. The lowest point however was its entry point on Sunday. As at press time, BCH is selling at 333.87 USD on Sunday. Per the mathematics, BCH has seen a depreciation of negative 1.28 Percent over the week. Its market capitalisation is pegged at 6.301 Billion Dollars.
5. Bitcoin SV (BSV)
BSV has shockingly maintained its position in our list right from the previous week.
Booting off the USD tether from the list of our top 5 Cryptocurrencies, the Bitcoin SV has performed yet another magic. Of course, except that it was not a beautiful story in the end. BSV started the week with 257.32USD. Towards the end of Tuesday, BSH reached its peak price of the week which stands at 315.42USD.
Its lowest pricing however was on Friday where it traded at 257.59 USD.
So no much trouble for this coin in terms of performance. As of press time today, Sunday 26th January 2020, BSH is selling at 276.07 USD.
Having clocked an increase of 7.28 percent and a market cap of 4.986 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 capitalization and percentage gains Next week 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.