Brought to you by Huobi Research Weekly – published by Huobi Research of Blockchain Application.
Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly.
| Abstract This week, the overall market capitalization for the top 100 cryptocurrencies decreased, with 75 projects increased in value to varying degrees. According to coinmarketcap, as of December 30th, 2018, the total market cap of the top 100 cryptocurrencies was 124.58 billion U.S. dollars, decreased by 3.73% from last week. 5 cryptocurrency projects entered the top 100 this week. As of December 30th, 2018, Bitcoin was traded at 3837.16 USD, 4.98% lower than its price last week. Ethereum was traded at 136.69 USD, 7.00% higher than its price last week. Average number of transactions per block and average block size both decreased on Bitcoin; average number of transactions per block and average block size both decreased on Ethereum. Average number of unconfirmed transactions in Bitcoin decreased by 37.00%, and that of Ethereum also decreased from last week. Total transaction fee of Bitcoin decreased while that of Ethereum is similar to last week. The 7-day average of unconfirmed transactions for Bitcoin and Ethereum were 2831 and 59823 respectively. Bitcoin’s Hashrate increased by 8.91% and Ethereum’s increased by 9.11%. The average transaction fees on the Bitcoin network this week was $0.233, decreased 6.43% from last week. While the average transaction fees on the Ethereum network this week was $0.087, similar to last week. Total number of addresses on the Bitcoin and Ethereum network reached 31.89 million and 53.45 million, respectively. INS was the most active project on GitHub this week, with 169 commits submitted in the past week. Swachhcoin 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. Swachhcoin attracted the most fans on Telegram in the last 24 hours, and Origin Trail’s fans grew the most. According to <Huobi Blockchain Big Data Weekly Insights>, the number of active Bitcoin addresses decreased this week. The number of new addresses decreased, reaching a new low for the past half a year. The number of EOS on-chain transactions has increased significantly, and the number of new addresses increased 53.7%. One investment activity took place in the blockchain industry this week. Communication consensus mechanism BCM received 50 million USD from Hillhouse, Morningstar, Junlian, Bertelsmann and other top domestic and foreign investors. |
1. Weekly Market Review
1.1 Market overview
This week, the overall market capitalization for the top 100 cryptocurrencies decreased, with 75 projects decreased in value to varying degrees. According to coinmarketcap, as of December 30th, 2018, the total market cap of the top 100 cryptocurrencies was 124.58 billion U.S. dollars, increased by 3.73% from last week, among which, ODE had the largest decreased of 26.77% in market cap, bringing its market cap ranking from No.77 to No.65, while MXM had the largest increased of 117.67% in market cap, bringing its market cap ranking from No.161 to No.91. In addition, there were 5 projects that entered TOP100, namely, MXM (increased 117.67%, now No.91), PIVX (increased 53.73%, now No.68), XZC (increased 13.14%, now No.98), EURS (increased 6.44%, now No.89), and MCO (increased 0.21%, now No.100). As of December 30th, 2018, Bitcoin was traded at 3837.16 USD, 4.98% lower than its price last week. Ethereum was traded at 136.69 USD, 7.00% higher than its price last week.
The overall 24h trading volume decreased this week. Overall, the 24h trading volume decreased by 12.35% compared with the same period of last week. In this week, 21 of the top 100 projects increased by more than 20% in 24h trading volume, led by PIVX with a weekly increase of 2928.53%; there were 12 projects that saw over 20% decrease in their 24h trading volume, led by DEX, with a decreased of 99.99%.
The top 10 cryptocurrencies’ market share distribution remained stable. On December 30th, the overall market cap of the top 10 cryptocurrencies was 114.24 billion USD, down by 3.47% from last week, accounting for 85.28% of the total market capitalization of cryptocurrencies, similar to last week. BTC’s dominance was 51.78%, down by 0.68% from last week.
Read Full Report Here: Huobi Research Weekly 12.23 – 12.30
