Coinbase recently released a new set of trading signals. This helps provide insight on what coins are top when it comes to popularity as well as crypto assets that are held for the longest time.
Most times, people assume that the popularity of coins can be determined by the market cap of crypto assets. Analyst and economist Alex Kruger took to his Twitter page to list out the biggest cryptocurrency assets. The results prove that market cap is not a determining factor when it comes to popularity.
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin is The Most Popular Cryptocurrency
So far, from his list, the most popular cryptocurrency is bitcoin. The top coin is followed by Ethereum with Litecoin. Bitcoin Cash, XRP and Stellar follow next and 0x is the 7th on the list.
The analyst also released data for the coins which are held for the longest period by traders. On that list, BTC takes the fifth place.
Litecoin is first on this list with a median number of days held set at 119 days. 0x is second with 108 days while Ethereum comes in third with 101 days. Ethereum Classic is fourth on this list with 99 days while Bitcoin holds the 5th spot with 85 days.
Popularity = Most Commonly Held
Days = Median Holding Time
The latter needs adjusting by the fact that Coinbase listed most coins less than a year ago, and at different dates. Here's a rough (imperfect) adjusted estimate: pic.twitter.com/I0bHFWVWX6
— Alex Krüger (@krugermacro) July 19, 2019
Bitcoin Price Today: How Has Bitcoin Fared This Week?
After the onslaught three days ago, Bitcoin price is finally in the green. The digital currency fell below the $10,000 level for the first time since it surged. Now, the bulls are back. However, the growth may be slower than expected, but the worst is finally over. BTC is trading at $10,592.91 at press time according to Coin Market Cap. The coin has a 24-hour trade volume of $19,499,705,648 and has grown by 2% in the last 24 hours.
The most popular pair was BTC/USDT and CoinBene had the highest volume traded while OEX, LATOKEN and BW.com came in 2nd, 3rd and 4th.
Ethereum Price Today: How Has Ethereum Fared This Week?
Ethereum is trading at $225.58 at press time, with a total market cap of $24,130,997,779. The 24-hour volume of the coin is $7,948,418,482 and ETH has seen an increase of about 2% in the last 24 hours.
The 2nd largest coin by market cap was hit by the massive price correction a few days ago. Ethereum price fell to a new weekly low of $193.99 in the last 7 days.
On Reddit, a clip of the former Coinbase CTO and Earn cofounder, Balaji Spinivasan went viral. Spinivasan believes that for Libra to be launched as a digital asset, Ethereum may be involved in the launch.
“I’m not sure Libra launches in the current fashion. They may have to do it on Ethereum or something else. But they are, I think, going to get something out there.”
StellarX Mobile Launches on iOS
Earlier in the week, Stellar-based decentralized exchange StellarX rolled out its crypto mobile wallet on iOS. The Android version was released earlier.
This app allows users to send yuan, euros, dollars, pounds and different fiat currencies through ACH transactions which are traded for cryptocurrencies.
XLM is presently trading at $0.092824, with a market cap of $1,819,783,466.