Vol.10: 39 currencies experienced a decline of over 20%

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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.


The market cap and transaction volume of cryptocurrencies declined this week, 39 currencies experienced a decline of over 20%. 

On May 13, the total market cap of the TOP100 cryptocurrencies decrease to $368.59 billion, 15.57% decrease from previous week. Also, over half of the market cap of TOP100 cryptocurrencies decreased to varying degrees, among which 39 currencies experienced a decline of over 20%. 24h total market trading volume decreased by 17.60% compared to that of the previous week. HT and SKY are top performers of the week, whose market cap ranking stepped forward by 46 and 34 respectively, all entering the TOP100.

Unconfirmed transactions number in Bitcoin increased 33.41%, but transaction fees decreased significantly by 28.41%. The block size and the average transaction in Ethereum Network decreased significantly.

Hashrate of bitcoin increased by 0.341% and that of ethereum decreased by 0.21%. The average transaction fee in Bitcoin and Ethereum network this week were $1.26 and $0.482, which decrease 28.41% and increase 9.55% respectively from last week.

In terms of technical activity, number of unconfirmed transaction in Ethereum network reached 29637. Total number of the Bitcoin addresses reached 24.63 million, and total number of Ethereum addresses reached 33.56 million. The most active group at Github was EOS, the team had 122 commits in the past week.

In terms of community activity, the top3 famous communities in social media remain unchanged. Bitcoin, Ripple and Ethereum were top3 on Facebook and Twitter. Referum has the largest community on telegram, and the most popular telegram group in the past 24hours was Blue Whale.

New digital assets fundraising this week mostly come from the United Kingdom, with blockchain finance projects capturing most of the market attention. 40 new digital asset projects finalized the public funding process, most of them were from the UK, Germany, the US and Australia, which focus on blockchain finance area, followed by infrastructure, coin, healthcare, exchange and platform etc. Among 4 fundraising projects in the blockchain area that we followed, Brickblock was the biggest one, who recently raised a 5 million Euros in strategic funding.

For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 10 here. This exclusive report is currently free for download below. The data in this article is produced by Huobi Academy of Blockchain Assets. Find out more today!

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