Vol.19: Social media analysis points to increased interest in Ripple

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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.

Market cap and transaction volume of cryptocurrencies generally decreased this week, with 86 of the TOP100 cryptocurrencies decreased to varying degrees and 14 cryptocurrencies increased. On July 16th, the total market cap of the TOP100 cryptocurrencies decreased to 239.542 billion dollars, a 9.6% decrease from last week. A total of 4 new projects entered the TOP100. On July 16, Bitcoin’s price was at $6296.66, down 7.82% from last week, and Ethereum price was at $438.55, down 11.07%%. HB10’s price decreased by 8.09% this week.

Bitcoin’s average number of unconfirmed transactions per block and average block size both increased. For Ethereum, both average number of unconfirmed transactions per block and average block size also increased. Average number of unconfirmed transaction in Ethereum increased by 83.18%. Bitcoin’s transaction fees slightly decreased, and Ethereum’s transaction fees greatly increased. The 7-day number of unconfirmed transactions for Bitcoin and Ethereum are 3854 and 41774, respectively. Bitcoin’s Hashrate decreased by 3.44% and Ethereum’s decreased by 1.31%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.602 and $3.482, decreasing 1.31% and increasing 226% respectively. Total number of addresses on the Bitcoin and Ethereum network reached 26.27 million and 40.97 million, respectively.

The most active group on GitHub was ZSC; the team had 120 commits in the past week. Mainframe was the most popular group on Telegram. In terms of community activity, Bitcoin, Ethereum, and Ripple remained as the most popular communities on Facebook and Twitter. uChain attracted the most fans in the last 24 hours.

According to <Huobi Data Analytics Weekly>, Bitcoin, Bot and Binance were the hottest words on r/CryptoCurrency this week. Among the top three search engines (Google, Baidu, WeChat), popular topics regarding Cryptocurrencies and Blockchain increased while that of Blockchain decreased in popularity compared to last week.

The United Kingdom had the most ICOs this week, with Finance projects being the most popular ICO project category. Among all 61 projects, most of them took place in the UK. Application projects were the majority, among them finance projects account for the largest proportion. There were 17 investment activities took place in the Blockchain industry this week. The investment trend has changed significantly from last week, and Blockchain game projects has great popularity.

For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 19 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!

Download the Full Report: Huobi Research Weekly Report: Vol.19