Huobi Academy Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly which deals with technical market indicators such as market value of Top 100 cryptocurrencies – up 10.7%, recent price movements (BTC up 11%, Eth up 0.19%), trading volumes (rose 4.94%), hash rates (slight decrease of 1.2%), mining difficulty, rewards and pool distribution. The report also covers event-driven news like Blockchain technology developments, ICO activity – 77 new digital asset projects and global policy developments. Find out more today. Huobi Research Weekly (Vol. 3) is available for download as per attachment.
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Storming into the crypto market – Storm
Total market capitalization of the Top 100 Blockchain assets increased 10.72% in the past week, with 41 projects rising more than 20%. Storm was the biggest gainer in the past week, with a whopping 204% increase, rising 61 places in the process. Storm also held the title for highest increase in trading volume – up 19%. The market fared well overall, VEN, the biggest loser of the Top 100 only shed 4.65%.
Segment analysis – Application class projects rose 15% in market value
Projects in the Top 100 were split into 4 categories: Coin Projects, Application Class Projects, Platform Projects and Asset-Based Tokens. The market capitalization of application class projects increased by 15%. This is followed by coin projects and platform class projects, up 10.6% and 8.4% respectively. For more details on segment analysis, please refer to the Huobi Research Weekly (Vol. 3), available for download as per attachment.
Decrease in Mining Rewards of Bitcoin (21.78%) and Ethereum (0.48%) in the past week
Mining rewards for both industry leaders dropped. Bitcoin network average miners’ revenue as a percentage of block reward was 1.58%, a 14% dip week-on-week. Ethereum network daily mining rewards dipped less than 1% in the same period.
For more in-depth analyses on price movements, technical data and events-driven news, read Huobi Research Weekly Vol. 3 as per attachment. The report is currently free to download. The data in this article is produced in collaboration with Huobi Academy Blockchain Application.
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