Altcoins Market: Monthly Overview
Top 9 Altcoins Analyzed
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In August, the altcoin market managed to set a historic record, after a slowdown and the price drop at the end of the previous month. The mark of the total altcoin market capitalization reached the $94,205,900,000 point.
In July, despite the uncertainty about the Bitcoin future, in a matter of days the total capitalization of the market fell to $45,499,800,000.
After the SegWit news, it started to recover, and thanks to the Bitcoin Cash appearance, the total capitalization of altcoin markets increased an additional $9,716,420,145.
Over the last month of summer, the infrastructure of the market has changed drastically for a reason.
The appearance of Bitcoin Cash (5.7%) moved Ripple (5,2%) to the fourth place among all cryptocurrencies.
The second place holder is still Ethereum, with 21% of total capitalization.
Bitcoin is still keeping no more than 45%, even after gaining new all time high price levels.
The main growth of the market is due to the inflow of capital into the market of altcoins. The total Bitcoin capitalization fell again. This month i