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.
This week, the overall market capitalization for the top 100 cryptocurrencies increased, with 96 projects increased in value to varying degrees. According to coinmarketcap, as of December 23rd, 2018, the total market cap of the top 100 cryptocurrencies was 129.31 billion U.S. dollars, increased by 29.63% from last week. 5 cryptocurrency projects entered the top 100 this week. As of December 23rd, 2018, Bitcoin was traded at 4041.36 USD, 23.59% higher than its price last week. Ethereum was traded at 127.91 USD, 48.14% 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 increased on Ethereum. Average number of unconfirmed transactions in Bitcoin decreased by 14.50%, and that of Ethereum also decreased from last week. Total transaction fee of Bitcoin and Ethereum both increased.The 7-day average of unconfirmed transactions for Bitcoin and Ethereum were 4494 and 66364 respectively. Bitcoin’s Hashrate increased by 1.03% and Ethereum’s decreased by 4.15%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.249 and $0.087, increased 15.28% and 67.31% respectively. Total number of addresses on the Bitcoin and Ethereum network reached 31.70 million and 52.85 million, respectively.. INS was the most active project on GitHub this week, with 380 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 continues to rebound this week for two consecutive weeks. The number of new addresses increases slightly and the number of large transfers decreases this week. The number of EOS on-chain transactions has increased, and the number of new addresses has increased significantly.
Four investment activities took place in the blockchain industry this week, led by Crebe which received ten million dollars from investors.
1. Weekly Market Review
1.1 Market overview
This week, the overall market capitalization for the top 100 cryptocurrencies increased, with 96 projects increased in value to varying degrees. According to coinmarketcap, as of December 23rd, 2018, the total market cap of the top 100 cryptocurrencies was 129.31 billion U.S. dollars, increased by 29.63% from last week, among which, BCZERO had the largest increased of 406.73% in market cap, bringing its market cap ranking from No.180 to No.68, while QASH had the largest decreased of 17.55% in market cap, bringing its market cap ranking from No.51 to No.73. In addition, there were 5 projects that entered TOP100, namely, BCZERO (increased 406.73%, now No.68), MONA (increased 96.15%, now No.79), DGTX(increased 67.71%, now No.82), VERI (increased 59.93%, now No.99), and DGD (increased 56.41%, now No.91). As of December 23rd, 2018, Bitcoin was traded at 4041.36 USD, 23.50% higher than its price last week. Ethereum was traded at 127.91 USD, 47.95% lower than its price last week.
The overall 24h trading volume decreased this week. Overall, the 24h trading volume increased by 84.45% compared with the same period of last week. In this week, 80 of the top 100 projects increased by more than 20% in 24h trading volume, led by MKR with a weekly increase of 4794.88%; there were 12 projects that saw over 20% decrease in their 24h trading volume, led by DCN, with a decreased of 70.83%.
The top 10 cryptocurrencies’ market share distribution remained stable. On December 23rd, the overall market cap of the top 10 cryptocurrencies was 114.24 billion USD, up by 29.07% from last week, accounting for 85.05% of the total market capitalization of cryptocurrencies, similar to last week. BTC’s dominance was 52.47%, down by 2.48% from last week.
Read Full Report Here: Huobi Research Weekly 12.16 – 12.23