LBX Market Report: 22nd February 2018

Markets are moving up and down but in the end just go round and round

It seems we are once again in neutral territory for bitcoin and alternative cryptoassets, as mixed signals are leaving traders confused. The average market cap for the top 100 projects changed exactly 0% in dollar terms over the past 24 hours.

In bitcoin terms, the top 100 alts moved 1.5%, which is aligned with the old adage that alts tend to perform better when bitcoin is consolidating sideways. Dentcoin — a recent ICO that was one of the few projects to receive a negative rating by CrushCrypto — is currently leading the pack. The project pumped 50% as it’s leading Binance’s community vote for ‘Coin of the Month’ — the winner of which gets a free listing on their exchange.