CMC100-Report (Week 11/2020): Cryptocurrency Markets Drop -34.4%

Our German team has been tracking the ranking of the top-100 cryptocurrencies since January, reporting significant changes in a weekly CMC100-Report:

Due to the fears surrounding COVID-19, the crypto markets crashed on Thursday and recorded the worst day in their history. Investors are still extremely fearful.

Some stablecoins like Paxos Standard BUY NOW (PAX), USD Coin BUY NOW (USDC), and Binance Coin BUY NOW (BUSD) were able to strongly gain liquidity amid these extreme market movements. The latter made issuances for the third time in a row and is now ranked higher than its competitor TrueUSD BUY NOW (TUSD).

Excluding stablecoins, all cryptocurrencies are deep in the red. The least bad performer was UNUS SED LEO, the exchange token for Bitfinex and Ethfinex. Compared to Bitcoin BUY NOW, LEO gained +29,5% to trading at 17,016 satoshis.

By far the worst performer was the payment platform Swipe BUY NOW. This is peculiar, since Swipe was one of the top performers in January, but has lost ground since and dropped out of the CMC100-ranking for now.

In the last week, the total market cap of all listed cryptocurrencies dropped -34.4% to $153.7B. The BTC-dominance dropped 0.3 percentage points to 63.7%. In the CMC100-ranking, we have recorded the following major changes:

#1: Bitcoin (Previous week: 1, Cap: -34,7%)

#2: Ethereum BUY NOW (Previous week: 2, Cap: -39,3%)

#3: XRP BUY NOW (Previous week: 3, Cap: -26,6%)

#4: Tether BUY NOW (Previous week: 5, Cap: -0,4%)

#5: Bitcoin Cash BUY NOW (Previous week: 4, Cap: -38,0%)

#6: Litecoin BUY NOW (Previous week: 7, Cap: -31,5%)

#7: Bitcoin SV BUY NOW (Previous week: 6, Cap: -39,2%)

#11: UNUS SED LEO (Previous week: 17, Cap: -5,5%)

#12: Stellar BUY NOW (Previous week: 13, Cap: -26,0%)

#13: Chainlink (Previous week: 11, Cap: -48,2%)

#15: TRON BUY NOW (Previous week: 14, Cap: -34,4%)

#17: Monero BUY NOW (Previous week: 15, Cap: -34,2%)

#19: USD Coin (Previous week: 26, Cap: +20,8%)

#20: Crypto.com Coin BUY NOW (Previous week: 19, Cap: -36,5%)

#22: NEO BUY NOW (Previous week: 20, Cap: -42,1%)

#25: Cosmos BUY NOW (Previous week: 23, Cap: -39,4%)

#27: Maker BUY NOW (Previous week: 25, Cap: -49,7%)

#30: Paxos Standard (Previous week: 36, Cap: +16,1%)

#34: Basic Attention Token BUY NOW (Previous week: 31, Cap: -38,4%)

#36: Hedera Hashgraph BUY NOW (Previous week: 39, Cap: -19,8%)

#37: BINANCE USD (Previous week: 59, Cap: +46,2%)

#38: TrueUSD (Previous week: 45, Cap: -4,8%)

#40: Qtum BUY NOW (Previous week: 37, Cap: -37,5%)

#46: Algorand BUY NOW (Previous week: 35, Cap: -50,1%)

#52: Ravencoin BUY NOW (Previous week: 46, Cap: -40,3%)

#57: DxChain Token BUY NOW (Previous week: 62, Cap: -19,2%)

#61: ABBC Coin (Previous week: 77, Cap: -16,1%)

#64: Steem BUY NOW (Previous week: 72, Cap: -25,7%)

#68: Komodo BUY NOW (Previous week: 76, Cap: -29,8%)

#69: Nervos Network BUY NOW (Previous week: 61, Cap: -48,8%)

#78: v.systems (Previous week: 67, Cap: -48,6%)

#82: Ren (Previous week: 75, Cap: -47,3%)

#83: WAX (Previous week: 91, Cap: -30,0%)

#85: STASIS EURO (Previous week: >100, Cap: -4,3%)

#94: Matic Network BUY NOW (Previous week: 78, Cap: -55,3%)

#98: Chiliz BUY NOW (Previous week: 86, Cap: -47,2%)

#109: Aion (Previous week: 88, Cap: -52,3%)

#131: Swipe (Previous week: 82, Cap: -73,5%)

Data as of 03/15/2020, 15:32 UTC. Source: CoinMarketCap

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