The market capitalization of all 10,731 existing cryptocurrencies was around $ 1.38 trillion on Wednesday, and in the past 24 hours, all of those crypto assets combined have lost 3.92%. Meanwhile, Bitcoin accounts for 45.4% of the total capitalization and Ethereum accounts for 18.1%. With both top assets rebounding this week, the seven-day changes suggest that a large number of other crypto assets have seen double-digit gains.
One interesting crypto asset has seen double-digit gains as larger competitors like Bitcoin and Ethereum underperformed. Example: BTC has gained 2.74% against the American dollar in the past seven days.
ETH is up nearly 10%, but it doesn’t fully outperform last week’s 8.89% gain. Despite a slight weekly improvement, some unique crypto assets have risen much higher.
5-day chart of STEEM / USD (left) and REP / USD (right) June 30, 2021.
Steem (STEEM) is up 54% this week, and its sibling Steem Dollar (SBD) is up more than 31% in the past seven days. Two cryptocurrencies are used on the Steemit blogging platform for favors and tips.
After a 54% increase in steem, Augur (REP) is up 51%. The REP token is used in the Augur system to give users the ability to create a predictive market on any topic. Another big jump this week is Monero Classic (XMC), a branch of Monero (XMR) that is up 45%.
XMC / USD 5-day chart (left) and FTC / USD (right) June 30, 2021.
Crypto assets saw 51% attacks and also saw double-digit gains this week.
For example, the digital currency Vertcoin (VTC) has risen 40% in the past seven days; Bitcoin Gold (BTG) is up 38% and Ethereum Classic (ETC) is up 31%.
What’s more interesting is that Feathercoin (FTC), a forgotten digital currency launched on April 16, 2013, is up 29% for the week. FTC is an ancient coin that used to be in the top 10 contenders for crypto market cap but is now ranked 946.
Another pretty old coin is Vinny Lingham’s Civic (CVC), which is up 26% on the week.
Newer meme-based ERC20 tokens like Dogecoin (DOGE), Shiba Inu (SHIB) rose 22% over the week.
While the seven-day profits are higher for these cryptocurrencies, the 24-hour stats are different. For example, ETC is down -11.13% today, VTC -2.7% and FTC -0.98%.
Annie
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