CoinDesk has compiled a detailed analysis of the market cap of all cryptocurrencies in relation to the average of the percentage of its coins that are in circulation, according to CoinMarketCap.
In a separate study, CoinDesk also found that a large majority of cryptocurrencies’ market cap decreased after the rise in prices.
CoinDesk analysed the top 10 cryptocurrencies for the year ending March 2017 to provide an insight into how cryptocurrencies are perceived by investors.
CoinMarketcap’s data showed that, as of the end of March 2017, the market was worth approximately $6,400,000, with the most notable dips occurring in the two months following the Brexit vote and the US presidential election.
The dip in market value occurred as investors became concerned about the impact Brexit would have on the future of their investments, which had led to a decrease in demand for cryptocurrency.
The average price of cryptocurrency fell by 1.6% in the first quarter of 2017, compared to the same period last year.
CoinMama’s data shows that a number of cryptocurrencies, including Ethereum, Litecoin, and Ripple, saw their value decline.
Coinmama reported that the average price per coin of Ethereum was $11.20 at the end, and the average prices of Litecoin and Ripple were $10.15 and $8.90, respectively.
A separate study by CoinMarketCars found that bitcoin’s value was $10,835, and Ethereum’s was $9,936.
It also noted that bitcoin prices were falling more quickly than Ethereum, with bitcoin’s price falling by 6.4% between June 2018 and March 2019, while Ethereum’s fell by 6% between March 2018 and June 2019.
A similar trend is seen with ether, which fell by 5.4%, by 12.2% and by 14.7% respectively.
The CoinMarketMarketCap study also showed that bitcoin was the second most popular cryptocurrency among institutional investors, with $7,843,932 in total invested in the platform, according the report.
Other popular cryptocurrencies included Ethereum, bitcoin, ether, litecoin, ripple, zcash, ethereum, and ethereum Classic.
However, due to the volatile nature of the cryptocurrency market, this is a low bar to cross.
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