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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.
The market cap and transaction volume of cryptocurrencies kept rising this week, and ADA market cap surpassed LTC. On April 29, the total market cap of the TOP100 cryptocurrencies hit 412.49 billion dollars, a 12.43% increase from previous week. Also, most of the market cap of TOP100 cryptocurrencies increased to varying degrees, among which 35 currencies experienced a spike of over 20%. 24h total market trading volume rose by 31.4% compared to that of the previous week. XIN and CTXC are top performers of the week, whose market cap ranking stepped forward by 37 and 65 respectively, all entering the TOP100. As of April 29, 2018, ADA market cap hit 9.64 billion dollars, which surpassed LTC. Bitcoin was traded at 9404.55 US dollars, higher than last week by 5.95%; price of Ethereum was 688.16 US dollars, up by 12.94% from last week.
Technical activity significantly increased this week, and the average number of pending transactions in Bitcoin network increased by 68.8%. This week, Hash rate of the Bitcoin continued to decrease, while Ethereum hashrate increased by 0.43%. As for pool distribution, BTC.com and Ethermine both had higher mining distribution than last week, reaching 28.9% and 27.8% in shares respectively.
In terms of technical activity, the average transaction number and block size of each block in Bitcoin and Ethereum both witnessed significantly increase this week. The average transaction fee of Bitcoin this week decreased by 60.4% from corresponding previous week, and that of Ethereum increased by 66.3%. And the reachable nodes distribution is stable in the world. Total number of the Bitcoin addresses reached 24.39 million, and total number of Ethereum addresses reached 32.33 million. TRON’s activity in the github code was the highest, reaching 157 commits. In terms of community activity, the top4 famous communities in social media remain unchanged.
New digital asset fundraising this week are mostly culture and entertainment projects, and MobileCoin financed highest of 30 million in primary market. This week, 28 new digital asset projects finalized the public funding process, most of them were from the United States, Canada and Estonia and most of them focus on culture and entertainment area, followed by areas of coins, social, infrastructure and finance etc.
For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 8 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!