Abstract

This week, the overall market capitalization for the top 100 cryptocurrencies decreased, with 84 projects decreased in value to varying degrees. According to coinmarketcap, as of January13th, 2019, the total market cap of the top 100 cryptocurrencies was 122.29 billion U.S. dollars, decreased by 6.92% from last week. 3 cryptocurrency project entered the top 100 this week. As of January 13th, 2019, Bitcoin was traded at 3663.12 USD, 4.62% lower than its price last week. Ethereum was traded at 125.69 USD, 18.1% lower than its price last week.


Average number of transactions per block and average block size both increased on Bitcoin; Average number of transactions per block and average block size both increased on Ethereum. Average number of unconfirmed transactions in Bitcoin increased by 33.22%, and that of Ethereum also increased from last week. Total transaction fee of Bitcoin and Ethereum both decreased. The 7-day average of unconfirmed transactions for Bitcoin and Ethereum were 4167 and 35772 respectively. Bitcoin’s Hashrate decreased by 2.32% and Ethereum’s Hashrate increased by 2.13%. The average transaction fees on the Bitcoin network this week was $0.184, decreased 27.0% from last week. While the average transaction fees on the Ethereum network this week was $0.068, decreased 29.2% from last week. Total number of addresses on the Bitcoin and Ethereum network reached 32.31 million and 54.27 million, respectively.


ZIL was the most active project on GitHub this week, with 157 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.


One investment activity took place in the blockchain industry this week. Hong Kong cryptocurrency exchange Coinsuper received Pre-B round of investment from London Investment Agency Unbound.

1.Weekly Market Review

1.1 Market overview

This week, the overall market capitalization for the top 100 cryptocurrencies decreased, with 84 projects decreased in value to varying degrees. According to coinmarketcap, as of January 13th, 2019, the total market cap of the top 100 cryptocurrencies was 122.29 billion U.S. dollars, decreased by 6.92% from last week, among which, R had the largest decreased of 27.46% in market cap, bringing its market cap ranking from No.41 to No.47, while HC had the largest increased of 69.64% in market cap, bringing its market cap ranking from No.88 to No.61. In addition, there were 3 projects that entered TOP100, namely, DGTX (increased 15.01%, now No.93), CRO (increased 7.86%, now No.94), LRC(decreased 4.99%, now No.100). As of January 13th, 2019, Bitcoin was traded at 3663.12 USD, 4.62% lower than its price last week. Ethereum was traded at 125.69 USD, 18.10% lower than its price last week.


The overall 24h trading volume decreased this week. Overall, the 24h trading volume decreased by 15.67% compared with the same period of last week. In this week, 42 of the top 100 projects decreased by more than 20% in 24h trading volume, led by GNT with a weekly decrease of 93.91%; there were 24 projects that saw over 20% increase in their 24h trading volume, led by HC, with a increased of 178.91%.

The top 10 cryptocurrencies’ market share distribution remained stable. On January 13th, the overall market cap of the top 10 cryptocurrencies was 104.34 billion USD, down by 6.94% from last week, accounting for 85.33% of the total market capitalization of cryptocurrencies, similar to last week. BTC’s dominance was 52.36%, up by 1.3% from last week.

1.2 Segment Analysis


Among all cryptocurrency project segments, the total market cap of platform projects received the largest decrease, while the average market cap of application projects also received a large decrease. As of January 13th, 2019, the total market cap of platform projects reached 20.53 billion USD, decreased by 15.37% compared to last week, the biggest decrease among all project categories. In addition, average market cap of application projects was 4.38 Billion USD, decreased by 14.60% compared to last week.



The market segment distribution of the top 100 cryptocurrencies remained stable. As of January 13th, 2019, the proportion of the market segments has remained stable among the top 100 projects compared to last week. The number of platform class projects decreased by 2, the number of asset-backed token projects increased by 1, the number of application projects increased by 1. The largest overall market cap by segment was still coin projects, accounting for 63.56% of the total market cap of top 100 projects, similar to that of last week.

Read Full Report Here: Huobi Research Weekly 1/6 – 1/13

Posted by Editor