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Huobi Academy 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 kept rising this week, and market cap of EOS entered TOP5. On April 22, the total market cap of the TOP100 cryptocurrencies hit 366.89 billion dollars, a 18.9% increase from previous week. Also, most of the market cap of TOP100 cryptocurrencies increased to varying degrees, among which 59 currencies experienced a spike of over 20%. 24h total market trading volume rose by 65.9% compared to that of the previous week.
GTC and DCN are top performers of the week, whose market cap ranking stepped forward by 181 and 44 respectively, all entering the TOP100. As of April 22, 2018, EOS market cap hit 9.21 billion dollars and market share rose to 2.4% of the total market capitalization, which surpassed LTC and entered TOP5. Bitcoin was traded at 8876.31 US dollars, higher than last week by 9.64%, price of Ethereum was 609.33 US dollars, up by 19.17% from last week.
This week, hash rate of the network increased, and both the average transactions per block and block size per block in Ethereum increased. Hash rate of the Bitcoin and Ethereum network increased. The average transaction fee in Bitcoin network this week was 1.128USD, a decrease of 5.32% from corresponding previous week. The average transaction fee in Ethereum network was 0.297 USD, an increase of 22.72%. The distribution of the Bitcoin mining pool slightly changed, with SlushPool became the third largest mining pool, while the distribution of the Ethereum mining pool remained basically unchanged.
In terms of technical activity, the average number of unconfirmed transactions in Bitcoin network this week decreased and the number of unconfirmed transactions in Ethereum network peaked to 58,505. Total number of the Bitcoin addresses reached 24.30 million, and total number of Ethereum addresses reached 31.76 million. EOS’s activity in the github code was the highest, reaching 122 commits.
In terms of community activity, the top3 famous communities in social media remain unchanged, with Bitcoin, Ethereum and Ripple Facebook adding 289, 496 and 2,043 followers respectively. Also, Ripple, Bitcoin and Ethereum Twitter accounts added 372, 4,451 and 2,419 subscribers. The largest increase in the number of telegram group users in the past 24hrs come from CoinMetro, more than 2,901 new telegram group users entered the group.
New digital asset fundraising this week mostly come from the United States, with blockchain infrastructure projects capturing most of the market attention. This week, 48 new digital asset projects finalized the public funding process, most of them were from the United States, Singapore and the UK and most of them focus on blockchain infrastructure area, followed by finance, coins, entertainment and social etc.
For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 7 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!