[Vol.6] The market cap of TOP100 cryptocurrencies each increased

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Huobi Academy of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.

Abstract

The market cap of cryptocurrencies rebounded significantly this week, and the transaction volume increased. On April 15, the total market cap of the TOP100 cryptocurrencies hit 308.67 billion dollars, a 23.1% increase from previous week. Also, the market cap of TOP100 cryptocurrencies each increased to varying degrees, among which 69 currencies experienced a spike of over 20%. 24h total market trading volume rose by 61.3% compared to that of the previous week. MITH and GNT are top performers of the week, whose market cap ranking stepped forward by 72 and 14 respectively, all entering the TOP100. Bitcoin was traded at 8096.05 US dollars, higher than last week by 16.11%, price of Ethereum was 511.33 US dollars, up by 31.82% from last week.

This week, hash rate of the network slightly decreased, and the number of Bitcoin nodes in China dropped by 27.7%. The average transaction fee in Bitcoin network this week was 1.071USD, a decrease of 8.86% from that of previous week. The average transaction fee in Ethereum network was 0.242 USD, an increase of 19.8% from that of  previous week. The distribution of the Bitcoin mining pool slightly changed, with BTC.top became the third largest mining pool, while the distribution of the Ethereum mining pool remained basically unchanged.

In terms of technical activity, the number of unconfirmed transactions in Bitcoin network this week increased and the number of unconfirmed transactions in Ethereum network reached 45,530. Total number of the Bitcoin addresses reached 24.18 million, and total number of Ethereum addresses reached 31.13 million. In addition, the number of Bitcoin nodes in China fell by 27.7% this week.

In terms of community activity, the top3 famous communities in social media remain unchanged, with Bitcoin and Ethereum Facebook adding 1859 and 12 followers respectively, and Ripple Facebook losing 115 followers. Also, Ripple, Bitcoin and Ethereum Twitter accounts added 7085、12119 and  4171 subscribers. The largest increase in the number of telegram group users this week come from Current, more than 50,000 new telegram group users entered the group.

New digital asset fundraising this week mostly come from the United States, with blockchain infrastructure projects capturing most of the market attention. This week, 48 new digital asset projects finalized the public funding process, most of them were from the United States, Singapore and the UK and most of them focus on blockchain infrastructure area, followed by finance, social, entertainment and data service etc. Among 8 fundraising projects in the blockchain area that we followed, Kadena LLC was the biggest one, who recently finished a 12 million dollar seed-round financing.

For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 6 here. This exclusive report is currently free for download below. The data in this article is produced by Huobi Academy of Blockchain Assets. Find out more today!