Altcoins

RaiBlocks Market Report: $XRB Volume Heavy, Price Drops

Brief:


$XRB has its highest monthly volume amidst a falling $XRB and bitcoin price. RaiBlocks is down -5.95% in 24 hours, up 15.89% on the week and up 59.71% on the month on a last price of 0.00154991 BTC or about $16.13. The RaiBlocks marketcap is $2,149,294,902 with a circulating supply of 133,248,289 $XRB. $XRB/BTC is trading between a 24hr high of 0.00172890 BTC ($17.73) and a 24hr low of 0.00124988 BTC ($12.82) on a 24hr KuCoin volume of $17,534,200. This trading volume is heavy. The weekly price trend is mixed.

Last price

0.00154991 $XRB/BTC

$USD

last price $ 16.13
one week ago $ 13.72

Price change

Price change is the $XRB percentage change within the period:

period change
day -5.95%
week 15.89%
month* 59.71%

*month price is from CoinMarketCap.com. $XRB began trading on KuCoin on January 04 2018.

Volume

Volume

$XRB 24 hour volume
BTC $17,534,200
all $XRB currencies $44,783,100

The 24 hour volume for $XRB/BTC on KuCoin is $17,534,200. This volume weight is heavy when compared with KuCoin daily trading levels for $XRB over the last month.

The total 24 hour volume for all reporting $XRB markets is $44,783,100.

Market Share

The KuCoin currency pair $XRB/BTC is 39.15% of all $XRB traded in twenty-four hours. KuCoin is market leader in their volume of XRB/BTC. Second is BitGrail (30.81%). We hear from KuCoin again with their XRB/ETH pair (12.90%). RightBTC has the fourth highest volume pair ($XRB/BTC 7.45%). All others have less than 3%.

Remarks

$XRB has its highest monthly volume amidst a falling $XRB and bitcoin price. RaiBlocks is down -5.95% in 24 hours, up 15.89% on the week and up 59.71% on the month on a last price of 0.00154991 BTC or about $16.13. The RaiBlocks marketcap is $2,149,294,902 with a circulating supply of 133,248,289 $XRB. $XRB/BTC is trading between a 24hr high of 0.00172890 BTC ($17.73) and a 24hr low of 0.00124988 BTC ($12.82) on a 24hr KuCoin volume of $17,534,200. In heavy volume trading the weekly trend is mixed.

Bitcoin is down -10.99% in price to $10,105.00. This could be exerting downwards pressure on RaiBlocks. There was formerly an inverse relationship in BTC denominated altcoin prices. With the onboarding of hundreds of thousands – probably millions – of new traders this relationship has all but vanished.

One Year Chart

One Day Candles

Browse RaiBlocks Collection

Learn about the unique characteristics of $XRB. Browse our collection of RaiBlocks Market Reports.

Tuesday January 30 2018 Bitcoin Background

Altcoins such as RaiBlocks ($XRB) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-10.99% price $10,105.00
vol $7,291,780,000
mktcap $170,124,617,135
16.84M #XBT 18:27 #FinTech

http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Highlight Chart

Tap / click to enlarge:

$XRB has its highest monthly volume amidst a falling $XRB and bitcoin price. RaiBlocks is down -5.95% in 24 hours, up 15.89% on the week and up 59.71% on the month on a last price of 0.00154991 BTC or about $16.13.
$XRB has its highest monthly volume amidst a falling $XRB and bitcoin price. RaiBlocks is down -5.95% in 24 hours, up 15.89% on the week and up 59.71% on the month on a last price of 0.00154991 BTC or about $16.13.

Data sources

Main Data Source

KuCoin is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from KuCoin.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the RaiBlocks market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 2,149,294,902
Circulating supply 133,248,289
Last price $ 16.13

Daily High Low

daily high 0.00172890 BTC
daily low 0.00124988 BTC

Trend

The weekly trend is mixed. We’ve seen four green candles this week. However, today’s plummeting price on month high volume clearly makes this a “mixed” weekly trend.

The monthly trend is down.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00172890 BTC
week 0.00179995 BTC

Support

Support is the lowest price within the period:

period support
day 0.00124988 BTC
week 0.00106100 BTC

Market sentiment

Market sentiment is bearish. There is a month high volume and a falling price. With bitcoin down -10.99% its a wonder $XRB is not further down.

Don’t exclude the possibility of a good bounce back. On January 26 2018 we saw a large $XRB price increase.

sentiment bearish

Image courtesy Pixabay.com

Summary

$XRB has its highest monthly volume amidst a falling $XRB and bitcoin price. RaiBlocks is down -5.95% in 24 hours, up 15.89% on the week and up 59.71% on the month on a last price of 0.00154991 BTC or about $16.13. The RaiBlocks marketcap is $2,149,294,902 with a circulating supply of 133,248,289 $XRB. $XRB/BTC saw weekly resistance at 0.00179995 BTC ($18.46) and weekly support at 0.00106100 BTC ($10.88). Market sentiment is bearish. The weekly price trend is mixed. The $XRB daily volume on KuCoin is the heaviest we have seen in all of January 2018.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Tuesday January 30 2018 18:21 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

RaiBlocks, $XRB, BTC, KuCoin, Market, Report, $XRB/BTC, altcoins

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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