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Total Market Cap Gained up 17% in the Last 7 Days of July 2021


coinidol.com 02 August 2021 10:57, UTC
Reading time: ~2 m

Last week, the total market capitalization of cryptocurrencies increased from $1.379 to $1.609 trillion, an increase of about 16.7%. Cryptocurrency market review by Coinidol.com.

During this trading session, Bitcoin also managed to hit a new 30-day high of $42,235, which shows that the week was bullish for the cryptocurrency market.

Top gainers

In the industry of wonders, we saw some cryptocurrencies like World of Waves (WOW, $0.002023) up about 1296002272%, Shield Network (SHIELDNET, $0.000012) up 5090%, Wall Street Games (WSG, $0.0000001693) up 584%, GGDApp (GGTK, $0.7924) up 519%, StarLink (STARL, $0.000007458) up 447%, and Node Runners (NDR, $101%). 

However, the top 5 cryptocurrency gainers of the week among the top 100 tokens were THORChain (RUNE, $6.41) whose value increased by 72.8%, Quant (QNT, $126.3) which grew by 64%, Neo (NEO, $43.58) increased by 46%, Amp (AMP, $0.07202) increased by 38%, and Terra (LUNA, $10.97) increased by 37.95%

Top losers

We also saw tokens like CAPITAL X CELL (CXC, $0.09033) fall about 98%, Tenshi (TENSHI, $0.0000000725) lose 94%, Crypto Village Accelerator (CVAG, $0.1119) fall 90%, ZOO -Crypto World (ZOO, $2.29) plunge 86%, and VNT Chain (VNT, $0.001375) fall 84%.

In addition, the top 5 cryptocurrency losers of the week among the top 100 tokens were Mdex (MDX, $1.09), which fell 4.25%, Compound (COMP, $394.89), whose value fell 4.10%, SHIBA INU (SHIB, $0.000006212) which shrank 3.86%, Theta Fuel (TFUEL, $0.3232) which dove 2.47%, SushiSwap (SUSHI, $8.25) which saw its value drop about 0.65%. 

In general, the above cryptoassets experienced a declining trading period, but the magnitude of their decline was not large compared to what happened in the first week of July.

Bitcoin price reaches $50k

The best performer among the top 10 coins is Bitcoin (BTC), the world's largest crypto asset by market cap.

Bitcoin was trading at around $35,287 at the start of the week and is now changing hands at around $41,482 - representing a massive 7-day growth of around 23.5%.

The current market cap of BTC is over $779.645 billion, and the 24-hour trading volume is $34.86 billion. Bitcoin still dominates the crypto market with 48.3%. 

Any upward movement above $42,000 will likely target the $44,000, $46,000, and $48,000 resistance levels. If the trend continues like this, the BTC price is expected to reach the $50,000 mark again in August, according to industry experts.


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