Bear Market Possibly Over For Cryptos

Bear Market Possibly Over For Cryptos

April 11, 2018 0 By incomem

The managing director of Crypto Asset Managment, LP, Timothy Enneking, said on Monday this week that the winter in cryptocurrency markets is “largely over.” The strong bear market for Cryptocurrencies has been occurring for the greater portion of 2018, with CAMCrypto30 index dropping 69% since January.

The CAMCrypto30 index is an open, published, rules-based index of the top 30 cryptocurrencies by market capitalisation.

CAMCrypto-index-income-master

He noted such events like the regulatory concerns, asset consolidation after the great returns in 2017 and liquidation by the Mt. Gox trustee and startups to cover expenses and salaries are big factors that contributed to the decline we’ve witnessed this year.

But if you were smart enough to get into the cryptocurrency game early, these huge dips in 2018 aren’t the end of the world. Many are still riding on profit percentages in the triple figures. (Me included) 🙂

The current top 30 cryptocurrencies by market capitalisation are:

  1. Bitcoin [BTC]
  2. Ethereum [ETH]
  3. Ripple [XRP]
  4. Bitcoin Cash [BCH]
  5. Litecoin [LTC]
  6. EOS [EOS]
  7. Cardano [ADA]
  8. Stellar [XLM]
  9. NEO [NEO]
  10. IOATA [MIOTA]
  11. Monero [XMR]
  12. Dash [DASH]
  13. TRON [TRX]
  14. NEM [NEM]
  15. Ethereum Classic [ETC]
  16. Qtum [QTUM]
  17. VeChain [VEN]
  18. Binance Coin [BNB]
  19. ICON [ICX]
  20. OmiseGO [OMG]
  21. Lisk [LSK]
  22. Bitcoin Gold [BTG]
  23. Nano [NANO]
  24. Zcash [ZEC]
  25. Verge [XVG]
  26. Bytom [BTM]
  27. Ontology [ONT]
  28. DigixDAO [DGD]
  29. Populous [PPT]
  30. Steem [STEEM]