Vol.31: Italian Bankers Improve Operations Through Blockchain

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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.

Abstract

This week, the overall market capitalization for the top 100 cryptocurrencies slightly decreased, with 55 projects decreased in value to varying degrees. According to coinmarketcap, as of October 7th, 2018, the total market cap of the top 100 cryptocurrencies was 209.21 billion U.S. dollars, decreased by 2.41% from last week, among which, XRP had the largest decrease of 17.79%, while DGTX had the largest increase of 22.69%, and its market cap ranking clinched to No.99. In addition, there were 2 projects that entered TOP100, namely, NOAH (increased 60.55%, now no.92) and DGTX (increased 137.51%, now no.99). As of October 7th, 2018, Bitcoin was traded at 6588.4 USD, 0.03% lower than its price last week. Ethereum was traded at 224.8 USD, 3.20% lower than its price last week.

The overall 24h trading volume increased this week. Overall, the 24h trading volume increased by 21.39% compared with the same period of last week. In this week, 10 projects of the top 100 project increased by more than 100% in 24h trading volume, of which the highest was MKR, with an increase of 1312.67%; there were 21 projects declined more than 50%, of which the highest was PIVX, decreased by 95.02%.

The top 10 cryptocurrencies’ market share distribution remained stable, with the market cap of 9 out of 10 projects received decrease to varying degrees. On October 7^th, the overall market cap of the top 10 cryptocurrencies was 184.92 billion USD, decreased by 3.06% from last week, accounting for 85.16% of the total market capitalization of cryptocurrencies, similar to last week. 9 projects among Top 10 projects saw decrease in their respective prices, led by XMR which had a decrease of 17.79%. BTC’s dominance was 52.52%, slightly increased compared to last week.