MVIS CryptoCompare Top 100 IndexThe MVIS CryptoCompare Top 100 Index has dropped 2.45% in the last 24 hours to 4,194.24

On March 10, Sylvain Ribes, a cryptocurrency trader and researcher, published a report that reveals intriguing information about trade volumes originating from exchanges like Okcoin and Huobi, which may be falsifying their trade volumes. Ribes calculated his data from order books across all major exchanges to “measure how badly market selling $50k USD worth of each cryptocurrency would crash the price.” Ribes believes that the exchange Okcoin has been fabricating up to 93% of its trade volumes.

“I found ridiculously massive discrepancies between exchanges. Not the kind that can be easily hand-waved away (“oh well, their users must behave differently”), but the kind that can only be explained by some figures being overstated as much as 95%.”

Sylvain Ribes

Top 10

CryptoCompare Top10 Coins

Every coin from the top 10 coins by 24-hour volume showed a positive change, ranging from 3 to 9%, in the last 24  hours. Bitcoin Cash was the coin that posted the biggest gain (+9.12%), and is currently valued at $1,103.

Ripple ($0.80) and EOS ($90) recorded a profit of around 4%, while Tronix ($0.038) and DASH ($533) showed a positive change of around 8%. Ethereum Classic ($21) recorded a profit of 3.7% and NEO ($90) showed a profit of 5%.

BTC

Bitcoin BTC/USD CryptoCompare Chart

At the time of writing, the Bitcoin price is sitting at $9,538 representing a gain of 8.24% in the last 24 hours. More than $1.2 B worth of BTC were exchanged in the BTC/USD market representing a 23.7% share of global daily volume. The BTC/JPY pair represents the biggest pair with a 52.8% share.

ETH

Ethereum ETH/USD CryptoCompare Chart

The Ethereum price posted a gain of 3.97% over the past 24 hours and is currently sitting at $722, with over $170 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair, which has a 25.6% market share of the global daily trading volume. The ETH/BTC pair represents the biggest pair with a 40.8% share.

LTC

Litecoin LTC/USD CryptoCompare Chart

The Litecoin price has risen 3.09% over the past 24 hours and is currently sitting at $186, with more than $110 M worth of LTC exchanged in the past 24 hours on the LTC/USD pair, which has a 28.3% market share of the global daily trading volume. The LTC/BTC pair represents the biggest pair with a 32.8% share.

BCH

Bitcoin Cash BCH/USD CryptoCompare Chart

At the time of writing, the Bitcoin Cash price is sitting at $1,103 representing a gain of 9.12% in the last 24 hours. More than $65 M worth of BCH were exchanged in the BCH/USD market representing a 21% share of global daily volume. The BCH/BTC pair represents the biggest pair with a 47% share.