19th August 2024: Weekly Crypto Trends
Bitcoin fell by 3% on the week, while Ethereum was unchanged. Bitcoin remains at the bottom of the short term range while Ethereum encounters short term downtrend.
Secondary coins were generally lower on the week, with the exceptions being Thorchain, up 14.8%, Fantom up 9% and BNB up 2.2%. Polkadot was down 10.3% and Solana down 10.9%.
Secondary coins remain split in terms of trend, with BNB, Near and Solana maintaining medium term uptrends, with the rest still in medium term downtrends. Shorter term, Thorchain, Dogecoin, Chainlink and Fantom have positive trend scores.
Crypto related stocks were mixed with Block Coinbase and Hive up 5-6%, and Marathon was down 4.6% and Microstrategy down 1.7%.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 58,894.10 | 2.3% | -1986.01 | -3.3% | 51 | 0 | 47 | 36 |
| Ethereum | 2,593.19 | 0.9% | -6.41 | -0.2% | 41 | -75 | 7 | -13 |
Bitcoin fell by 3% on the week, while Ethereum was unchanged. Bitcoin remains at the bottom of the short term range while Ethereum encounters short term downtrend
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| THORChain (Smart Contract Coin) | 3.72 | 14.8% | 51 | -75 | 7 | -13 |
| Fantom (Smart Contract Coin) | 0.37 | 9% | 42 | -75 | 7 | -13 |
| BNB Chain Native Token (Smart Contract Coin) | 519.97 | 2.1% | 49 | 0 | 47 | 36 |
| Near (Smart Contract Coin) | 3.97 | -2% | 45 | -75 | 47 | 17 |
| XRP (Smart Contract Coin) | 0.56 | -2.9% | 59 | 42 | -41 | -20 |
| Monero (Privacy Coin) | 148.78 | -2.8% | 45 | 33 | -45 | -26 |
| Theta Token (Gaming Coin) | 1.14 | -2.9% | 43 | -75 | -41 | -49 |
| ChainLink (Cross Chain Coin) | 10.14 | -3.8% | 40 | -83 | 7 | -15 |
| DogeCoin (Memecoin) | 0.10 | -3.4% | 47 | -75 | 7 | -13 |
| Polygon (Smart Contract Coin) | 0.40 | -4.3% | 37 | -83 | -88 | -87 |
| Cardano (Smart Contract Coin) | 0.33 | -5.2% | 42 | -83 | -88 | -87 |
| Stellar (Privacy Coin) | 0.09 | -5.1% | 54 | -42 | -92 | -80 |
| Decentraland (Gaming Coin) | 0.26 | -5.5% | 42 | -83 | -88 | -87 |
| Avalanche (Smart Contract Coin) | 20.39 | -6.3% | 42 | -83 | -41 | -51 |
| The Sandbox (Gaming Coin) | 0.25 | -6% | 41 | -83 | -88 | -87 |
| Cosmos (Smart Contract Coin) | 4.56 | -10.4% | 35 | -92 | -92 | -92 |
| Solana (Smart Contract Coin) | 139.33 | -10.9% | 49 | 33 | 88 | 74 |
| Polkadot (Cross Chain Coin) | 4.30 | -10.3% | 32 | -83 | -92 | -90 |
Secondary coins were generally lower on the week, with the exceptions being Thorchain, up 14.8%, Fantom up 9% and BNB up 2.2%. Polkadot was down 10.3% and Solana down 10.9%.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 139.33 | -10.9% | 49 | 33 | 88 | 74 |
| BNB Chain Native Token (Smart Contract Coin) | 519.97 | 2.1% | 49 | 0 | 47 | 36 |
| Near (Smart Contract Coin) | 3.97 | -2% | 45 | -75 | 47 | 17 |
| THORChain (Smart Contract Coin) | 3.72 | 14.8% | 51 | -75 | 7 | -13 |
| Fantom (Smart Contract Coin) | 0.37 | 9% | 42 | -75 | 7 | -13 |
| DogeCoin (Memecoin) | 0.10 | -3.4% | 47 | -75 | 7 | -13 |
| ChainLink (Cross Chain Coin) | 10.14 | -3.8% | 40 | -83 | 7 | -15 |
| XRP (Smart Contract Coin) | 0.56 | -2.9% | 59 | 42 | -41 | -20 |
| Monero (Privacy Coin) | 148.78 | -2.8% | 45 | 33 | -45 | -26 |
| Theta Token (Gaming Coin) | 1.14 | -2.9% | 43 | -75 | -41 | -49 |
| Avalanche (Smart Contract Coin) | 20.39 | -6.3% | 42 | -83 | -41 | -51 |
| Stellar (Privacy Coin) | 0.09 | -5.1% | 54 | -42 | -92 | -80 |
| Polygon (Smart Contract Coin) | 0.40 | -4.3% | 37 | -83 | -88 | -87 |
| Cardano (Smart Contract Coin) | 0.33 | -5.2% | 42 | -83 | -88 | -87 |
| Decentraland (Gaming Coin) | 0.26 | -5.5% | 42 | -83 | -88 | -87 |
| The Sandbox (Gaming Coin) | 0.25 | -6% | 41 | -83 | -88 | -87 |
| Polkadot (Cross Chain Coin) | 4.30 | -10.3% | 32 | -83 | -92 | -90 |
| Cosmos (Smart Contract Coin) | 4.56 | -10.4% | 35 | -92 | -92 | -92 |
Secondary coins remain split in terms of trend, with BNB, Near and Solana maintaining medium term uptrends, with the rest still in medium term downtrends. Shorter term, Thorchain, Dogecoin, Chainlink and Fantom have positive trend scores.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 44.09 | 0.4% | 6.3% | 47 | -42 | -92 | -80 |
| Block Inc | 65.87 | 2.5% | 6% | 52 | -75 | -92 | -88 |
| Coinbase Global Inc Cl A | 205.31 | 4.2% | 4.6% | 47 | 0 | 43 | 33 |
| Hive Blockchain Technologies Ltd | 3.05 | 5.9% | 5.9% | 48 | 0 | -41 | -31 |
| Marathon Digital Hldgs Inc | 16.24 | 5% | -4.6% | 46 | -75 | 7 | -13 |
| Microstrategy Cl A | 133.04 | 0.8% | -1.7% | 29 | -83 | 81 | 41 |
| Riot Blockchain Inc | 8.01 | 4.3% | -0.6% | 46 | -75 | -88 | -85 |
| Robinhood Markets Inc Cl A | 19.98 | 2.2% | 11.5% | 43 | 0 | 47 | 36 |
| Tesla Inc | 216.12 | 0.9% | 8.1% | 40 | 75 | -92 | -51 |
Crypto related stocks were mixed with Block Coinbase and Hive up 5-6%, and Marathon was down 4.6% and Microstrategy down 1.7%.