On 9th September 2020, Wednesday, the top 10 cryptocurrencies listed on CoinMarketCap showed a mixed sign of red and green. However, only three of them have witnessed a downfall in their prices. Starting with the ruler of the market, Bitcoin, with an increase of 0.11% is trading at $10,192.48. BTC has a total market capitalization of $188 Billion. Bitcoin’s dominance rate today is as low as 57.3%. However, this coin still acquires the major chunk of the entire industry due to its distinctive features.
Jumping off to Bitcoin Cash, it has seen red over a period of 24 hours and is trading at $224.80 with a rate of -0.59%. Other coins whose prices have plummeted over a span of 24 hours are Bitcoin SV and Litecoin that are placed at 9th and 10th market rank of CoinMarketCap. Both the coins Bitcoin SV and Litecoin are trading with a low of 1.04% and 0.81%. However, within one hour, LTC’s prices have increased by 0.11% and BCH is trading at $225.37 with a raise of 1.02%
Talking about the next best cryptocurrency after Bitcoin, Ethereum is up by 0.23% and is currently capped at $344.92. While the other top performers of the market XRP, Chainlink, and Binance coin are up today by 0.18%, 0.16%, and 6.90% respectively. Moreover, a new coin which has made up to the top 10 lists, Polkadot, is trading at $4.38 with a raise of 1.02% in its value.
Stablecoins are a type of cryptocurrency that often has its value pegged to another asset like USD, INR, or any other fiat currencies. The market’s prominent stablecoins performance are as follows:
- Tether is currently neutral and is capped at $1.00
- USDCoin is also up by 0.09%
- Paxos Standard’s has increased by 0.10%
- TruUSD is down by 0.05%
- Lastly, DAI is also down by 0.33%
Bitcoin Diamond and Bitcoin gold are up by 1.16% and 0.99% respectively. While BCD is trading at $0.613259, BTG is capped at $8.42. Along with this, DASH with a total market cap of $474 Million, is up by 3.37% and capped at $76.59.
Overall, the market is showing a mixed emotion for both buyers and sellers. It would be good to analyze the market emotion to make a profitable investment decision. To keep yourself updated with the real-time crypto market rates, visit PCEX Member’s market.
