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

Alice de GOin
Jul 12 · 5 min read

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

GLOBAL MARKET OVERVIEW

Period from June 1st 2018 to May 31th 2019 — GMT closed in USD

Relevant news in May :

  • Fidelity Investments Survey finds that institutional investors consider crypto assets to be worth holding
  • WhatsApp users can send and receive BTC, ETH and LTC via the platform
    Ripple partners with Euronet Worldwide subsidiary to improve transactions speed and transparency

1-year evolution of global market capitalization

As of May 31st, 2019 — GMT close in USD

  • Global market capitalization closing at USD 271.7 bn on May 31st, up 55.4% over the month and 114.5% since January 1st, 2019.
  • In May 2019, lowest point at USD 174.9 bn on May 1st, highest point at USD 274.1 bn on May 27th.

1-year evolution of global traded volumes

As of May 31st, 2019 — GMT close in USD

  • New historical peak on May 16th as daily volumes reach USD 117.3 bn, compared to a USD 24.4 bn daily average over the past year.
  • USD 74.8 bn daily average volumes in May with a USD 42.2 bn minimum on May 1st.

1-year evolution of 60-day volatility

As of May 31st, 2019 — GMT close in USD

  • Global 60-day volatility closing at 76.9% on May 30th — from 51.6% on April 30th.
  • Average 60-day volatility at 64.3% in May.

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

May, 2019 — GMT close in USD

  • Best performer: BSV thanks to a 65.1% performance on May 21st and a 65.7% performance on May 29th
  • Only three crypto assets among the Top 50 with a negative performance in May 2019

1-month traded volumes

May, 2019 — GMT close in USD

  • BTC daily traded volumes reached a new annual peak at USD 33.2 bn on May 16th.
  • Top 5 average daily traded volumes increased by 49.9% between April and May 2019.

Average daily traded volumes/market capitalizations

May, 2019 — GMT close in USD

1-month annualized volatility

May, 2019 — GMT close in USD

  • New overall increase for 1-month average annualized volatility from 94.6% in April to 117.7%, related to May market surge

90-day correlation to BTC

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

  • Decrease of 90-day correlation to BTC with a 0.642 average in May compared to 0.750 in April.
  • Only 3 crypto assets with negative correlation to BTC: MKR (-0.044), ABBC (-0.115) and WAVES (-0.270).

ZOOM ON GOin’s INDICES

1-month performances

May, 2019 — GMT close in USD

Constituents average weight over the month

May, 2019

Constituents’ contributions to index performance

May, 2019 — GMT close in USD

Source: GOin

Top upwards pulling:

  • ETH : outstanding performance in May (+65.3%) that benefited all the FUSEKI indices
  • BTC : another outstanding performance (+60.2%) that drove all the FUSEKI indices up

Null impact:

  • VET : -0.1% between May 20th and May 31st when the coin integrated the indices that explains the negative contribution to the Fuseki 10 and Fuseki 10 Liquidity

1-year performances compared to BTC, ETH and XRP

As of May 31st 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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