Bitcoin (BTC), the market leader that potentially should have one of the most important features of being an influencer for others in the market is proving the theory wrong and acing the space with being on top and hitting the $5600 mark. A positive change in the price of BTC in last 24 hours span is enough to call it a forerunner while the next two major players of the market viz., Ethereum (ETH) and XRP show a declining trend.
The above-market scenario is on 24th April at 7:04 UTC time.
The current trading statistics of the top 3 coins are as follows:
|Bitcoin (BTC)||Ethereum (ETH)||XRP|
|Price (USD)- 5622.48||Price (USD)- 169.98||Price (USD)- 0.318831|
|Market Cap- $99,305,394,812||Market Cap- $17,982,289,328||Market Cap- $13,392,498,750|
|ROI- 4,058.39%||ROI- 5,895.75%||ROI- 5,325.59%|
|24h volume- $15,334,693,292||24h volume- $6,813,176,206||24h volume- $1,015,992,401|
|Circulating supply- 17,662,212 BTC||Circulating supply- 105,788,227 ETH||Circulating supply- 42,004,966,728 XRP *|
The above statistics and the graph of the top 3 cryptocurrencies show that though ETH and XRP have a greater Return on Investment (ROI) than BTC but needless to comment on the evergreen price leader and the most popular in the market and also in the wallet of investments of investors, Bitcoin in its serpentine motion leads the space.
The hump day of the week is a fusion of changing resistance and support level of BTC yet breaking the old bars and creating new standards on the screen with its resistance leveled up between $5500-$5600 at the daybreak. Attaining the all-time high of the year Bitcoin lures investors to join in with hopes to reach blues of all times and not let anyone down to take off.
On the other hand, as evident Ethereum and XRP with greater ROI and circulating supply than BTC are unable to beat the heat of what BTC holds since the price is that important vertex of the Market Capitalization and liquidity for investors.
Also, it is not likely to be a question of whether “this” market leader is an influencer or not? As evident Bitcoin, as well as another cryptocurrency of the market space, have their own individuality and stability without any interdependency in any of its variable vertexes.