Weekly Blockchain Industry Report — 10th Issue: A Major Drop in Transaction Volume!
(June 16 — June 22, 2018)
This past week we experienced a major drop in transaction volume. It seems like this may have indicated the bear market we are experiencing this week.
We hope this report provides you with insights into your investments and knowledge of cryptocurrencies. We have also attached a list of upcoming ICOs at the end of this article if you’re interested in any of the new projects.
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Market Overview
The past week’s daily average global market capitalization of cryptocurrency was $283.2 billion and the daily average transaction volume was $12.24 billion, indicating a decline of 6.98% and 20.93% respectively. The daily average market capitalization of the top five cryptocurrencies decreased by 5.17% from the previous week. EOS has experienced the greatest price decrease in the past week with a low of $10.18, a decrease of 6.09%. BCH on the other hand experienced a 6.56% price increase.
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Analysis of Top 200 Market Cap Projects
The market capitalization of top 200 projects decreased by 0.14% compared with that of last week. Based on the main categories of cryptocurrency and payment, public chain and protocol, vertical industrial chain and protocol, and vertical industrial application, the vertical chain and protocol increased the most, increasing by 49.71%.
Through further classification of the vertical chain and protocol and vertical industrial application verticals, it was found that this week’s exchange platform tokens were on obvious increases at a rate of 46.24%.
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Analysis of Newly Listed Projects
There were 6 new projects in the market last week (mainly of the vertical industrial application field), 83.3% of which dropped in price within 24 hours of listing. Most of the newly issued tokens were listed on IDEX.
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Analysis of Closed Public Sales Projects
There were 6 new projects in the market last week (mainly of the vertical industrial application field), 83.3% of which dropped in price within 24 hours of listing. Most of the newly issued tokens were listed on IDEX.
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Important News on Global Governmental Policies this Past Week
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Keeping Up with the Blockchain Giants
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Appendix: Upcoming Crowdfunding Projects (6.23–6.29)
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*Credits go to Daren Kong for her superb research!
