| Following last week's correction, Bitcoin started yet another cycle as the enthusiasm around Initial Exchange Offerings (IEOs) continues and more exchanges are stepping in. However, it's important to determine whether the current price action will be beneficial for the cryptocurrency market in the long-term or if the current hype will fade-away just like it did back in 2017.
In any case, it appears that the IEOs trend is one of the main causes for the recent gains, as there is no other reason to attribute these gains to except for the halving which is scheduled for May next year. This week's market events include Cosmos trading with ATOM, which started in the first few hours and traded at a staggering 4500% dollar-wise. It's important to consider that investors haven't yet received their tokens and that a correction is expected. Apart from that, a lot of the altcoins were trading in the green this week. Cryptocurrencies such as Tezos (XTZ), Basic Attention Token (BAT), and Binance Coin (BNB) were amongst the leaders, providing their investors with impressive gains. Meanwhile, the market dominance is slowly shifting in favor of Bitcoin as the BTC Dominance index is currently at 53.3 percent after a nice weekly increase. To wrap it up, we've had yet another positive week and 2019 continues to be a rather successful year for the entire cryptocurrency market. | 
BTC: $5480
ETH: $166
XRP: $0.30
Which Coin Had Gained 4500%? Crypto Weekly Update Report