August Mid-Month Report: Memes Excite Crowd, Top Caps Get Disavowed
There has certainly been some interesting price action recently, as there have been several outlier projects decoupling from the markets temporarily, and then falling back into place. Overall, though, August has been a mild struggle for the overall crypto marketcap.
At the time of this writing, Bitcoin is back down to $29.6K after several brief visits above $30K here in August. We can see on the 30-day scale that most projects are in decline, with Shiba Inu, Hedera, Maker, Xin Fin, and Kaspa standing out as the big exceptions among top 100 market cap projects.
Trading volume has been in a notable decline pattern as more and more trader fatigue appears to be taking over. This is, of course, related to the largest assets in crypto...
But as of just the past few days, much of the attention has been
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