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Cryptocurrency analysts explain the behavior of cryptocurrencies this weekend
The market capitalization of all cryptocurrencies added about 0.6% over the past day. Overall, the past weekend was low volatile for the market. The leading digital currencies remained almost unchanged in price, however, there were several projects among the top 100 that pleased their own investors. The leader of the previous day was Kava (KAVA), whose value jumped by almost 6%.
The virtual token’s quotes rose to the key psychological mark of $ 1. The market capitalization amounted to $ 519.95 million, which is 5.92% higher than the same value a day ago. This allowed the digital currency KAVA to be on the 80th line in the top ranking. Daily trading volumes amounted to $ 87.75 million, which is 22.8% lower than the previous day.
Several other cryptocurrencies from the top list also managed to add 5% or more compared to the previous day’s values. For example, Toncoin (TON) became more expensive and was available to traders at $ 1.95. Its total supply was fixed at $ 2.38 billion, up 5.5% from yesterday. Trading volume for the day amounted to $ 14.39 million.
Bitcoin SV (BSV) increased in value by 5.52%. The total increase in quotations for the week amounted to 10.44%, amid a drop in the rate of the flagship cryptocurrency bitcoin (BTC). The volume of transactions secured by traders over the past day amounted to about $ 77.4 million.
The rate of the flagship cryptocurrency (BTC) added 0.27% over the reporting period. The market capitalization increased to $ 521.23 billion, with quotes at $ 26,905. Daily trading volumes amounted to $ 9.19 billion. The market dominance index is 46.3%.