GOin Market Watch — April 2019 — insights for digital assets investors.

Alice de GOin
Jul 12 · 6 min read

Every month, GOin gives the keys to understand trends in the Crypto Market to investors.

GLOBAL MARKET OVERVIEW

Period from May1st 2018 to April 30th 2019 — GMT closed in USD

Relevant news in April:

  • IMF Managing Director Christine Lagarde stated that crypto assets were “clearly shaking the system”, forcing the financial industry to innovate and integrate the distributed-ledger-based technologies.
  • Mozilla Firefox announced measures to crack down on browser mining
    Samsung has integrated a crypto wallet into its Galaxy 10 smartphone.

1-year evolution of global market capitalization

As of April 30th, 2019 — GMT close in USD

  • Global market capitalization closing at USD 174.2 bn on April 30th, up 21% over the month and 38% year-to-date.
  • Lowest point at USD 145.6 bn on April 1st, highest peak at USD 182.3 bn on April 8th.

1-year evolution of global traded volumes

As of April 30th, 2019 — GMT close in USD

  • Historical peak hit on April 3rd with daily volumes reaching USD 87.2 bn compared to a USD 19.8 bn average over the past year.
  • April : average daily volumes at USD 49.4 bn, with a USD 33.5 bn minimum on April 1st.

1-year evolution of 60-day volatility

As of April 30th, 2019 — GMT close in USD

  • Global 60-day volatility closing at 51.6% on April 30th, compared to a 45.4% minimum on November 12th, 2018, and a 101.0% maximum on January 10th, 2019.
  • While traded volumes have increased since January 1st, 2019, global volatility has decreased by 46.1%.
  • April average 60-day volatility of 56.0%, with a sharp increase of 60-day volatility rates at the beginning of April 2019 due to the sudden market surge

ZOOM ON TOP 50 SAMPLE

The Top 50 sample is determined every month according to the following methodology:

1) Ranking of crypto assets by market capitalization

2) Elimination of crypto assets that:

  • Have less than 3 months of trading history
  • Are stable coins
  • Are subject to publicly known issues — trading or storage failures, fraud suspicions, technical flaws in the underlying technologies

The complete list of currently eliminated crypto assets can be found here: https://www.goin-invest.com/index/fuseki/.

3) The remaining 50 largest market capitalizations are selected for analysis

1-month performance

April, 2019 — GMT close in USD

Best performers:

  • CRO: 64.5% monthly performance (+252.6% performance already in March 2019) following several announcements, including the listing of new coins and a partnership with Allnodes for nodes hosting.
  • BCH: 58.5% monthly performance

Worst performers:

  • STEEM
  • MKR

1-month traded volumes

April, 2019 — GMT close in USD

  • BTC average daily traded volumes increase from USD 9,611.4 M in March, with a USD 10,157.8 M minimum on April 1st and a peak at USD 22,899.9 M on April 3rd.
  • BCH integrates the top 5 with average daily traded volumes at USD 1,581.9 M in April 2019, replacing XRP.

Average daily traded volumes/market capitalizations

April, 2019 — GMT close in USD

1-month annualized volatility

April, 2019 — GMT close in USD

  • Strong overall increase for 1-month annualized volatility with an average value increasing from 85.6% in March to 94.6% in April

90-day correlation to BTC

As of April 30th, 2019 — GMT close in USD

  • Increase of 90-day correlation to BTC with a 0.819 average in April compared to 0.748 in March.
  • Only 2 crypto assets with negative correlation to BTC: BSV (-0.016) and WAVES (-0.265).

ZOOM ON GOin’s INDICES

1-month performances

April, 2019 — GMT close in USD

Constituents average weight over the month

April, 2019

Constituents’ contributions to index performance

April, 2019 — GMT close in USD

Source: GOin

Top upwards pulling:

  • BTC. Outstanding performance in April 2019 (+30.3%) that has particularly benefited the Fuseki 10 Liquidity and the Fuseki 10 Performance.
  • DOGE. The coin has only integrated the FUSEKI indices for one week in April, but its great performance over that period (+64.3% between March 31st and April 07th) has strongly benefited the Fuseki 10 and the Fuseki 10 Performance.

Mitigated Impact

  • ZEC. Thanks to its +3.5% overall performance over the month, the coin had a positive impact on both the Fuseki 10 and the Fuseki 10 Liquidity. However, due to weighting factors, its impact on the Fuseki 10 Performance was negative.
  • XLM. The coin’s -7.2% performance over the month has negatively impacted both theFuseki 10 and Fuseki 10 Liquidity. However, due to weighting factors, its impact on the Fuseki 10 Performance was positive.

Top downwards pulling:

  • WAVES. Poor performance over the month (-19.3%) that has negatively impacted all FUSEKI indices.
  • MIOTA. The coin only integrated the indices from April 8th to April 30th, but its poor performance over this period (-15.9%) has negatively impacted all FUSEKI indices.

1-year performances compared to BTC, ETH and XRP

As of April 30th 2019, — GMT close in USD

DISCLAIMER

This publication is for discussion and informational purpose only. No statement nor information presented in this document shall be considered an investment advice.

No statement nor information presented in this document shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction.

The data provided and calculation presented are for illustrational purpose only, and GOin shall not have any liability, contingent or otherwise, for the accuracy, completeness, timeliness or correct sequencing of any information provided by GOin or for any decision or action taken by you in reliance upon such information. Past performance does not guarantee future results.

GOin, a French SAS registered in Paris, France under French law owns a) all registered design, trademark, service mark rights and copyright; b) all intellectual property and any other rights and interests in this publication.

Crypto asset markets are young and highly volatile, which means crypto asset investments are particularly risky. Before investing in crypto assets, you need to be aware of and accept that you might be exposed to the following risks: a) market risk; b) risk of partial or total loss of capital; c) currency risk; d) liquidity risk; e) regulatory risk; f) technological risk; g) risk of theft or fraud; h) any other risk related to crypto asset investment.

To learn more about GOin and its offer you can visit www.GOin-invest.com, and connect with us on social media to stay up to date with the latest news:

GOin-Invest

Built on top of a state-of-the-art trading platform, GOin provides performing crypto asset investments.

Alice de GOin

Written by

I represent the amazing GOin project across social networks. We aim at simplifying investments into crypto assets. I would be happy to answer your questions :

GOin-Invest

Built on top of a state-of-the-art trading platform, GOin provides performing crypto asset investments.

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