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Market rebound slows, though many coins still showing green today

Finance

www.chepicap.com 20 December 2018 01:44, UTC
  
Reading time: ~2 m

After the recent rally seen by the crypto market, today the momentum slowed and some coins saw a slight dip after the recent turnaround. Nonetheless, many coins are still in the green today, with a few even standing out.

Coin Market Capitalization/Bitcoin Dominance

As of this writing, market cap stands at $121,793,958,187, down from a 24 hour high of about $129 billion, but still up from last week easily. Bitcoin dominance is still holding at about 54%.

Current price of Bitcoin: $3,768.11.

Top 10

From the top 10 coins, and even the top 100, Bitcoin Cash (BCH) is by far the leader. As Chepicap reported earlier today, BCH is performing well above the market and is currently up 22.48% to $133.40. Though far behind, Bitcoin SV (BSV) is in fact the second fastest grower in the top 10, up 4.14% to $88.19. All other top 10 coins are in the red, with hardest hit being EOS down -4.18% to $2.52.

Biggest Winners/Losers

Moving to the top 100, the next best performers were Stratis (STRAT) up 14.66% to $1.09 and Dentacoin (DCN) up 12.34% to $0.000132. Biggest losses go to Linkey (LKY) with a loss of -11.90% to $0.71, and Gemini Dollars (GUSD) which slipped -9.38% to $1.03. Despite being a stablecoin, GUSD was recently trading as high as $1.15, and so this dip is really just a return to normality.

This tapering off of the rally isn't necessarily bad. As long as most of the market can hold their gains, this could be an important stepping-stone to get back to higher prices. If the market went up too fast it would likely be unsustainable, and therefore cause another crash, which would further hurt confidence. It's small, stable steps like this that will get the market in a comfortable position for the next real bull rally!


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