UNITED STATES (VOP TODAY NEWS) – The total value of cryptoactive assets on the market currently stands at $ 203.4 billion , which corresponds to values a year ago.
This observation was shared by The Block analyst Larry Zermak.
— Larry Cermak (@lawmaster) October 29, 2018
On the chart you can see that the dynamics of the trading volumes of the top 50 tokens of the Ethereum-standard ERC-20 closely correlate with the market capitalization indicator. The trade activity of the latter has also reached the marks of a year ago.
It should be noted that currently the price of Bitcoin is rapidly falling.
As it usually happens, the fall of Bitcoin exerts pressure on the entire market:
Earlier, a supporter of the Elliott wave theory, Evie Gilbart, suggested that the bottom of the BTC price at $ 4,700 would be reached around mid-December of the current year.