GOin Market Watch — June 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 July 1st 2018 to June 30th 2019 — GMT closed in USD

Relevant news in June:

  • Facebook announced their Libra cryptocurrency project, aiming to allow transactions via messenger platforms thanks to blockchain technology.
  • Bitcoin exceeds USD 11,000 for the first time since 2018.
  • MoneyGram, the second largest money transfer company invests USD 30M in a partnership with XRP

1-year evolution of global market capitalization

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

  • Global market capitalization closing at USD 312.1 bn on June 30th, up 14.8% over the month and 146.3% since January 1st, 2019
  • In June 2019, lowest point at USD 243.7 bn on June 9th, highest point at USD 366.6 bn on June 26th

1-year evolution of global traded volumes

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

  • New historical peak on June 26th as daily volumes reach USD 135.6 bn, compared to a USD 29.3 bn daily average over the past year
  • USD 73.8 bn average daily traded volumes in June with a USD 50.4 bn minimum on June 19th

1-year evolution of 60-day volatility

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

  • Global 60-day volatility closing at 87.1% on June 30th — from 76.9% on May 31st
  • Average 60-day volatility at 72.6% in June

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

June, 2019 — GMT close in USD

  • Best performer: EGT — Following the launch of their testnet on June 4th and an airdrop of 5M EGT on June 11th, EGT experienced a rapid growth throughout the month.
  • LINK — After announcing partnerships with Oracle and Google, the LINK price sharply increased by 201.6% from June 13th to June 30th.
  • Average performance excluding the two best performers (EGT and LINK): -1.9%.

1-month traded volumes

June, 2019 — GMT close in USD

  • Slight decline (-3.1%) in the average traded volume this month after a very active period in May.
  • Top 5 average daily traded volumes decreased by 6.2% between May and June 2019.
  • Among the Top 5, only LTC experienced an increase (+11.1%).

Average daily traded volumes/market capitalizations

June, 2019 — GMT close in USD

1-month annualized volatility

June, 2019 — GMT close in USD

  • Volatility is still high in June (112%).
  • BTC left out from the 5 least volatile coins, due to ongoing bullish trend.

90-day correlation to BTC

As of June 31th, 2019 — GMT close in USD

  • Overall correlation continues to decrease from 0.75 in April to 0.55 in June.
  • This month, 8 coins were negatively correlated to BTC. The most negatively correlated coin is REP with a value of -0.56.

ZOOM ON GOin’s INDICES

1-month performances

June, 2019 — GMT close in USD

Constituents average weight over the month

June, 2019

Constituents’ contributions to index performance

June, 2019 — GMT close in USD

Top upwards pulling:

  • BTC: another good performance (+26.2%) that drove all the FUSEKI indices up.
  • HT: good performance (+25.2%) for HT this month that benefited all indices .
  • LTC: good performance during the first three weeks of June (23.1%) before a drop (-10.7%) between the 24th and 30th. The LTC weight in the Fuseki 10 Performance fell to 5.0% in the last week, allowing the index to absorb less of the downfall making LTC the second best contributor in June.

Negative impact:

  • XLM: After a slightly bullish trend throughout the month, a drop in the XLM price occured between the 24th and the 30th (-17.9%). As the average weight of XLM on that specific period was only 1.67% in the Fuseki 10 Performance index, it was less impacted than the other two indices where the average weight was about 9%.
  • EOS: With a performance of -14.7% between June 1st and June 3rd, only three days in the indices were enough for EOS to pull down the overall performance.

1-year performances compared to BTC, ETH and XRP

As of June 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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