Market report #14 on cryptocurrencies referring to the fourth 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 #14, I first analyze the market data and then end up with this week’s news.
As we see from the image above, Bitcoin in the week remained unchanged from the previous week, at $ 7300 levels.
Instead Bitcoin Cash, Bitcoin SV, Litecoin and Eos, we had an increase of around 10% compared to the past week.
For Tezos, who made a significant increase in the previous week, he instead recorded a -10%.
The fund remained cautious this week except for some cryptocurrencies.
Bitcoin’s Dominance is 68.6%, which has remained unchanged from the previous week which was 68.5%.
While market capitalization increased by 2.26% over the previous week.
The total number of coins on the market is 6449, instead 400 are the Exchange present.
There has been an increase in 9 new projects and no new exchanges since the previous week.
Top Ten Gainers and Top Ten Losers
This week’s Top Ten Gainers against the dollar were:
in this ranking we find Thore Cash, NPCoin, STEM CELL COIN, 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 Scanetchain, Bitblocks, Thingschain, etc., also with low capitalization and very significant losses.
While comparing the other coins with respect to bitcoin, let’s see what have been the best and worst of the week.
In the ranking of the Top Ten gainers compared to Bitcoin we find:
There are Thore Cash, HBZ coin, LBRY Credits, 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 is in first place for the number of active users followed by Ethereum classic, Ethereum and Tron.
In this market report #14, exchanges and their trading volumes are also analyzed.
Let’s start by saying that there are 400 exchanges up to this week.
Analyzing the daily volumes, the Top Ten with normalized data are:
As we can see, the Exchange with higher volumes is always Binance which has a difference of almost 300 million dollars compared to the second.
In the second position we find UpBit, followed by Huobi, OKEx and Coinbase in 5th position.
But this is a figure for 24 hours, which, referring to a week, there are still no normalized data.
This data is taken from the Blockchain transparency institute website.
In this market report #14, the report on dapps (decentralized applications) is inserted.
The data are taken on the Dapp review site, and analyze the various most important smart contract platforms in the sector.
As we see in the image above, the platform with the most 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, instead the number of dapps active on the market is 3465.
The number of users is 53,414, an increase of 15.60% and the number of smart contracts is 15,163, an increase of 0.80% compared to the previous week.
News of the week
The news of the week related to the crypto sector.
1- The Chinese authorities lash out against the cryptocurrencies
Once again, the Chinese financial authorities lash out against cryptocurrencies and define them against the rules.
They are repeatedly trying to stop this technology as it is too disadvantageous for them.
Already the Chinese government is in favor of cryptocurrencies and has shown it with the development of a stablecoin anchored to the Yuan.
Again according to the government, the future of blockchain has arrived, however one should not speculate on this technology.
2- The ban on youtube and metamask by google
In this week there has been a double attack by google that has not only blocked videos on youtube relevant to crypto, but blocked metamask.
The ban on youtube turned out to have been a mistake by the company instead the blocking of the ethereum wallet still persists.
The reason for the blockade seems to be still the subject of the debate being that Google does not seem to accept cryptocurrencies.
We just have to wait and how events could evolve.
3 - The Agharta hard fork will make ETC compatible with ETH
In 2020 there will be the hard fork of Ethereum classic, where it will make the crypto fully compatible with Ethereum.
Since we’ve witnessed Ethereum’s Constantinople fork in the last month, which made it ready for POS, ETC should adjust.
For ETC developers, compatibility with Ethereum is very important and is their main point.
The fork is expected to arrive around January 15, 2020 and will be called Agharta.
The development proceeds from the roadmap, and the network will always run smoothly.
That’s all for this week, I’ll wait for you in the next article.