Crypto market update: 1st of August 2019 - 31st of August 2019
Every month we will share with you how the market has been behaving using our simulation software.
Another bad month, will the bleeding ever stop?
August 2019 has come to an end. After another bad month, it seems many people are losing faith in altcoins. This might be an indication that the bottom is near – hang in there folks.
Like each month, we look back and analyze what happened in the crypto market in the past month. First of all, this month Bitcoin went down 4%. One might think this would give altcoins some room to rise, but not this time. 94% of altcoins went down (20.92% on average).
Figure 1. Showing the coins with the biggest gains and losses for June
Figure 2. April, May, June, July, and August have been absolutely horrible months of 2019 for altcoins!
Only a few coins went up. Noticeable gainers were $MTH (76.47%), $WAN (28.44%) , and $AGI (18.68%). Biggest losers were $BTG (-38.83%), $ELF (-38.94%), $SKY (-39.47%), $EDO (-40.82%), and $GXS (-51.19%).
August was the fifth consecutive month in which altcoins went down. Let’s hope altcoins will prove people wrong and will rise again in September! Another interesting piece of information is that we now have several ways to make us of our free crypto scanner! Check out the link to get more information.
Tell us what you think! We would be really happy to hear your opinion! If you want to share your thoughts, or are interested in the complete dataset, just drop us a line on the 100eyes twitter account