Crypto Analysis
Transactions Per Second(TPS)?
Trading platform: platform that provides a single interface for connecting to several other exchanges and/or offers leveraged trading and cryptocurrency derivatives
The cryptocurrency market is undergoing a deep correction in Q1 2018 after a sharp increase. The drop from the peak values was 70%, the market and trading volumes retreated to the beginning of December 2017, the bitcoin dominance has increased almost 1.5 times from the beginning of 2018 and now it is 44%.
The ICO market continues to develop rapidly despite the difficult situation, exceeding the values of the whole last year just in Q1 2018. Telegram has raised $ 1.7 billion during the ICO, EOS - $ 700 million, Dragon - $ 320 million.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.
From December 2013 to the end of 2017, the number of cryptocurrencies increased from 40 to 1,273 – a 3,083% increase. The graph below shows the extreme growth in the number of cryptocurrencies from 2013.
Despite the current drop in transactions for bitcoin and Ethereum, the cumulative total of all blockchain transactions – not limited to cryptocurrency – has been steadily on the rise with no signs of slowing down. As at March 19, 2018, there were over 305.61 million transactions recorded in a single day, according to Blockchain.info. This is an increase of 48.27% when compared to the 206.12 million transactions that occurred a year ago on March 18, 2017.
Coinmarketcap.com
When comparing the dominance indices as of April 1st, 2017 (67.24%) and April 1st, 2018 (44.92%), the Bitcoin domination has decreased by almost a third, despite the fact that the dominance of Bitcoin for Q1 2018 has increased. This demonstrates the overall trend of decreasing Bitcoin's popularity compared to the altcoins due to the active growth of such currencies as Ethereum and Ripple, as well as an active increase in the number of altcoins.
The list of categories in which the top 5 projects managed to collect more than $ 100 million is completed by the "Trading / Investments" category with collected funds of $ 126.9 million.
The total capitalization of the cryptocurrency market has decreased by 59% to $ 254 billion during Q1 2018. The historical maximum value of the market capitalization was reached on January 7th, 2018 ($ 836 billion), and the end of the quarter demonstrates the minimum value: the capitalization was $ 254 billion as of April 1st, 2018. The decrease was 70%, the market has declined 3.3 times. The market volume was only $ 26 billion at the same time a year ago on April 1st, 2017.
The total capitalization of Altcoins (excluding Bitcoin's capitalization) has decreased by 61% since the beginning of the quarter and amounted to $ 145 billion as of April 1, 2018, slightly outstripping the decrease of the Bitcoin exchange rate.
Bitcoin market capitalization fell by 60%: from $ 293 billion to $ 119 billion.