Huobi Weekly Report (2018/9/2–2018/9/9)[Vol.27] Rebound falters as Goldman Sachs postpones setting up of trading desk
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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.
Abstract
Market cap and transaction volume of cryptocurrencies generally decreased this week, with the price of 94 of the top 100 cryptocurrencies decreased to varying degrees. On September 9th, the total market cap of the TOP100 cryptocurrencies reached 193.42 billion dollars, a 18.46% decrease from last week. 3 Cryptocurrency projects entered the top 100 this week. On September 9th, Bitcoin’s price was at $6257.71, down 13.35% from last week, and Ethereum price was at $194.73, up 34.13%. HB10’s price increased by 19.08% this week.
Both average number of transactions per block and average block size slightly increased on Bitcoin. Both average number of transactions and average block size decreased on Ethereuam. Average number of unconfirmed transaction in Ethereum and Bitcoin increased by 38.14% and 19.61%, respectively. Bitcoin’s transaction fees and Ethereum’s transaction fees both decreased. The 7-day average of unconfirmed transactions for Bitcoin and Ethereum are 4683 and 74699, respectively. Bitcoin’s Hashrate decreased by 7.58% and Ethereum’s decreased by 6.67%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.614 and $0.151, decreasing 2.85% and 4.44% respectively. Total number of addresses on the Bitcoin and Ethereum network reached 28.34 million and 44.82 million, respectively.
INS was the most active project on GitHub this week, with 102 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.
According to <Huobi Blockchain Big Data Weekly Insights>, the concentration of wealth on both Bitcoin and Ethereum networks has increased drastically, with that of Ethereum increasing for seven consecutive weeks, mainly due to inflow to exchange’s wallets. This week, there were 8 extra-large transactions on Ethereum worth 1.36 million ETH.
United States has the most ICOs this week, with platform projects being the most popular ICO project category. Among all 30 ICO projects, majority of them took place in the United States. Platform projects were the majority. Finance applications were the majority in application projects. 5 investment activities took place in the Blockchain industry this week, with Blockchain media ventures attracted the most investment. Among them, Ringle.ai received $30 million strategic investment, accounted for the largest amount raised this week.
Download the Full Report:Huobi Research Weekly (Vol.27) 2018.9.2–9.9
