According to Crowdsense Last week’s observations, here are some of the market highlights and movers & shakers that were detected by Crowdsense algorithms:
Markets
The entire market value of all crypto assets mostly moved in a range from $1.65T to just above $2T over the past week and as of this writing is sitting near the top end at the $1.95T mark. It had last reached these levels in May.
BTC-USD has gained around 14% over the last seven days, even reaching a 3-month high. The pair gathered most of its weekly gains early on in the week and has since been trending around the $45K level. It has partially been buoyed by the news that investors who hold less than 10 BTC (aka minnows) have been increasing their holdings and now own 14% of the total bitcoin supply, meaning ownership is becoming slightly less concentrated.
ETH-USD rose approximately 18% during the past week. The pair also gathered most of its weekly gains early on in the week with positive sentiment still being felt due to the deflationary effect of the London Hard Fork.
Movers and shakers
ADA-USD (Cardano) has been a high flier, gaining 50% over the last week, reaching a 12-week high. This is likely in anticipation of the expected announcement today by Charles Hoskinson of the exact date of Cardano’s Smart Contract launch. As of this writing ADA is up 16% in the past 24 hours and has breached the psychologically important $2 level while also jostling with Binance Coin for the #3 spot in crypto market capitalization.
XRP-USD rallied 41% during the past seven days with its market cap surpassing $40B following the announcement that Global Money Express (GME Remittance) joined RippleNet, the global financial network of blockchain firm Ripple. This pushed XRP’s price up to $0.90 and since then it has even breached the super significant $1 level.
MATIC-USD (Polygon) gained 34% during the past week with the move apparently fueled by whales that have been accumulating tokens at a discount. According to Santiment, the number of addresses with 100,000 to 10,000,000 MATIC has surged by nearly 9.34% in the last few weeks.
How does Crowdsense work?
Hundreds of cloud servers scrape more than a billion unique sources from the entire web including Twitter, Reddit, Telegram, websites and media outlets. The data feeds are checked against Crowdsense’s proprietary algorithms and all the low-quality feeds are filtered out. Only the clearest, most credible signals make it onto the platform.
Crowdsense’s algorithm is also responsible for aggregating feeds that talk about the same event. It does that in order to reduce noise, avoid duplicate signals, and measure the impact and reach of each event. These signals are translated into alerts. Alerts are graded based on their urgency and grouped under the assets which they reference. Investors can receive these alerts either as notifications or by logging onto the Crowdsense hub.
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