#January #Markets Report: MKR, TRX and ZEC Among Top 10 by Volume
The first month of 2019 has seen a slight decline in 30-day trading volume across many leading markets. Bucking the #trend , however, were #ETH , #LTC , MKR, TRX, and ZEC, all of which saw a significant spike in trade activity. #Stablecoins have continued to see an increase in trade activity, with ckusd and the Gemini #dollar posting significant gains in month-over-month volume also.
#BTC posted a 2% drop in 30-day trade volume, with $154.19 billion worth of bitcoin core changing hands during #January . #USDT trade also fell by approximately 2% this past month, with tether pairings generating $113.17 billion worth of trade during the last 30 days.
January posted the second-strongest month of trade for USDT pairings since the first half of 2018. ETH saw among the highest increase in monthly #trade volume of the top #cryptocurrency markets.
ETH pairings produced $77.72 billion worth of trade during January, a 14% gain month-over-month. The preceding 30 days comprised the strongest month of ETH trade since May 2018.
January saw #EOS post a 15% decline in monthly trade activity, with %EOS pairings producing $21.48 billion worth of trade during the last 30 days.
LTC saw its highest ranking in over one year for 30-day trade volume this past month, with more than $16.97 billion worth of LTC changing hands during January. The past 30 days saw a nearly 29% gain in month-over-month volume for LTC pairing, comprising the strongest month of LTC trade since the first half of 2018.
#XRP slid to rank sixth with $13.56 million during January. The month saw ripple post its lowest numerical ranking since August 2018, comprising a nearly 22% decline in month-over-month trade.
MKR comprised the seventh most traded crypto asset during January, owing to an enormous spike in trade activity on Jan. 9 that saw 24-hour volume increase 1,799,900% from approximately $500,000 on Jan. 8 to more than $9 billion the following day.
TRX also saw a dramatic spike in 30-day trade this past month, ranking eighth with $7.62 billion worth of trade. #bitcoininfo #bitcoinnews - 57 minutes ago