Today is 4th august 2020 and we are here to analyze the cryptocurrency market update chart. In the timescale of 24 hours, all the top 10 cryptocurrencies have seen green with the highest rate being registered for Chainlink at 15.41%. Next in line is Bitcoin SV with a 4.43% rate cap.
In the timescale of 1 hour, we have Tether and Ethereum, only two cryptocurrencies that have seen red in the top 10 categories. Ripple is the highest cryptocurrency that has seen green with the cap rate being 0.36%.
Chainlink is the second-highest-rated cryptocurrency with the rate being 0.27% in the timescale of 1 hour. In the timescale of 7 days, there is some good news with Tether and Cardano being the only two cryptocurrencies that have seen red with others seeing green. In the timescale of 7 days, Ripple is the highest-rated cryptocurrency with the rate capped at 40.46%.
Chainlink which comes at number 9 in the highest market valuation slot is number second with the rate being capped at 34.59%. Tether is capped at 0.02% while Cardano is capped at 0.85% in the seeing red category.
Going by the market evaluation, Bitcoin has not performed that well in the timescales of 1hour, 24 hours, or 7 days. This can be attributed to its high volatility in the market, while Ethereum seeing red at the timescale of 1 hour comes as a surprise.
Ripple and Tether have overall maintained their consistent slot of being at number 3 and number 4 in the top 10 cryptocurrencies with the highest market valuation. Bitcoin is still the king of market valuation with the price being capped at $11,281.19 while Ethereum capping at number second with the price being capped at $392.43. Overall the situation of the market seems bullish with the top 10 cryptocurrencies seeing green for the most part. It has to be further seen whether that bullish attitude remains for long or not.