Factom has started to experience another turbulent month in June as prices drop further this past week. Over the past 7 days of trading, price for Factom has dropped a total of 40%, at the time of writing, to a new 13-month low for price as it hits $9.50.
The cryptocurrency is currently ranked at #110 in terms of overall market cap across the board with a total market cap value of $86.50 billion.
Although prices are significantly down, it is important to analyze the price drop in relation to the entire crypto market.
Total Cryptocurrency Market Capitalisation – www.coinmarketcap.com
Looking at the chart above, over the course of the past 7 days the total market capitalisation for all cryptocurrency has dropped from a high of $343 billion on June 8, to a low of $266 billion on June 13. This means that the entire cryptocurrency market has lost a significant amount that totals close to $77 billion over the past week. This should comfort Factom holders knowing that they are not alone in…