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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.
Market cap and transaction volume of cryptocurrencies generally increased this week, with 71 of the TOP100 cryptocurrencies increased to varying degrees. On July 9th, the total market cap of the TOP100 cryptocurrencies increased to 264.990 billion dollars, an 8.48% increase from last week. A total of 5 new projects entered the TOP100. On July 9, Bitcoin’s price was at $6831.20, up 7.11% from last week, and Ethereum price was at $493.14, up 8.03%. HB10’s price increased by 7.03% this week.
Bitcoin’s average number of unconfirmed transactions per block decreased, while average block size increased. For Ethereum, both average number of unconfirmed transactions per block and average block size decreased. Average number of unconfirmed transaction in Ethereum increased by 41.6%. Bitcoin’s transaction fees slightly decreased, and Ethereum's transaction fees greatly increased. The 7-day number of unconfirmed transactions for Bitcoin and Ethereum are 2854 and 22804, respectively. Bitcoin’s Hashrate increased by 9.37% and Ethereum’s increased by 0.8%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.68 and $1.07, decreasing 2.36% and increasing 208% respectively. Total number of addresses on the Bitcoin and Ethereum network reached 25.45 million and 40.65 million, respectively.
The most active group on GitHub was ZRX; the team had 190 commits in the past week. Mainframe was the most popular group on Telegram. In terms of community activity, Bitcoin, Ethereum, and Ripple remained as the most popular communities on Facebook and Twitter. FxPay attracted the most fans in the last 24 hours.
According to <Huobi Data Analytics Weekly>, Bitcoin, Bot and Coinbase are the hottest words on r/CryptoCurrency this week. Among the top three search engines (Google, Baidu, WeChat), popular topics regarding Cryptocurrencies and Blockchain have risen and fallen to varying degrees compared to last week.
Switzerland had the most ICOs this week, with Blockchain platform projects being the most popular ICO project category. Among all 37 projects, there are 17 Blockchain application projects, accounting for 45.9% of all ICOs this week. There are 11 investment activities took place in the Blockchain industry this week. LightCash acquired a strategic investment of more than 10 million RMB from Top Fund, the most raised this week.
For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 18 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!
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