Market report # 12 on cryptocurrencies for the second week of December 2019.
Like every week, I do this market report to get a picture of the situation.
This report analyzes the market trend in the last week of November with the release of updates on the sector.
In this market report # 12, I analyze the market data first and then finish with this week’s news.
As we can see from the image above, Bitcoin during the week fell by 5.2% compared to the previous week, to levels of $ 7100.
This situation has persisted for almost 4 weeks and the market has stopped at between 7,000 and 7500 $.
The different thing is instead for Tezos that advances up to the 10th position marking a performance of 19% compared to the previous week.
Bitcoin’s Dominance is 66.5%, unchanged from the previous week which was 65.7%.
While the market capitalization has decreased by 5% compared to the previous week.
The total number of coins on the market is 6310, while 400 are the Exchange present.
There was an increase of 64 new projects and an increase of 2 Exchange compared to the previous week.
Top Ten Gainers and Top Ten Losers
This week’s Top Ten Gainers compared to the dollar were:
in this ranking we find BitcoinV, Bitblocks, CloakCoin, etc., all projects with low capitalization and little known.
Instead in the Top Ten Losers of the week, compared to the dollar we find:
We find in this classic Nexxo, Soverain, Bounty0x, etc., also with low capitalization and very significant losses.
While comparing the other coins to bitcoins, let’s see which ones were the best and worst of the week.
In the Top Ten gainers ranking compared to Bitcoin we find:
There are BitcoinV, Bitblocks, Dynamite, etc., with very high performances compared to the performance of the BTC.
Instead in the Top Ten Losers compared to Bitcoin we find:
As we can see in this image, bitcoin ranks first in number of active users followed by Ethereum classic, Ethereum and Dash.
Exchange reports and their trading volumes are also analyzed in market report # 12.
Let’s start by saying that there are 400 Exchange until this week’s market report # 12.
Analyzing the daily volumes, the Top Ten with normalized data are:
As we can see the Exchange with higher volumes is always Binance which compared to the latter has a difference of almost 400 million dollars.
At the second position we find UpBit, followed by OKEx, Huobi, Liquid and Coinbase at the 6th position.
But this is a 24-hour figure, which, referring to a week, does not yet contain normalized data.
In this market report # 12, the report on dapps (decentralized applications) is inserted.
The data is taken from the Dapp review website, and analyzes the various most important smart contract platforms in the industry.
As we see in the image above, the platform with the largest users in the last 7 days is Tron followed by Eos and Ethereum.
The trading volume is controlled by Eos followed by Tron and Ethereum, whereas the number of dapps active on the market is 3418.
The number of users is 59,158, up 9.83% and the number of smart contracts is 15,039, an increase of 0.33%.
News of the week
The news of the week related to the crypto sector.
1- The ING bank is preparing to launch a digital asset custody technology
The Dutch bank ING is preparing to develop a technology for digital asset custody.
According to the bank’s own statements, the project still seems to be in its infancy.
According to the company, digital tokens are an opportunity to be exploited.
This is another case where financial institutions are approaching this world such as Bakkt and Fidelity.
All these custody services are important for institutional operators who have greater security in their investments.
2- The Matic case
The Matic project that was listed with an IEO on Binance last month lost over 60% of its initial value this week.
Indeed it was the company that controls the project that was accused of market manipulation.
According to a Tweet, the CEO of Binance, Changpeng “CZ” Zhao, said:
“Our team is still studying the data, but it is already clear that the MATIC Foundation has nothing to do with what happened.”
Instead the company Matic stated:
“We want to state strongly that the charges of manipulating the price from the Foundation’s account, issued by a FUD account against the Matic team, are completely groundless.”
This could be a problem in subsequent IEOs as they were created to be more secure than ICOs.
3 – Nike launches the first Tokenized shoes on Blockchain
The multinational company Nike has produced a pair of tokenized shoes on the Ethereum blockchain.
This represents the first shoe on blockchain through a non-fungible token.
Each shoe that is purchased, unlocks the code and by doing so you have the original shoes confirmed by the smart contract.
With this mechanism you can buy and sell shoes, all confirmed and authenticated by the blockchain.
4- The JP Morgan blockchain network will arrive in Japan
According to the banking giant JP Morgan, it is launching its own blockchain-based platform in Japan.
The platform is based on Quorum which aims to improve interbank transactions.
In Japan many banks have already shown interest in using this technology.
This bank is actively exploring this sector by creating a currency and derivative products.
That’s all for this week, I’ll wait for the next article.