Weekly Market Analysis - April 6th 2020 In collaboration with - Huobi Blog
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Weekly Market Analysis
April 6th 2020
In collaboration with x
Blockfyre
SENTIVATE REPORT BY BLOCKFYRE | PAGE ‹#›Abstract
Overview
Highlights As of April 5, 2020, the total market cap of
cryptocurrencies was 190.5 billion U.S. dollars, increased
by 13.43%, and the total market cap of the top 100
cryptocurrencies was 190.4 billion U.S. dollars, increased
• This week, the overall market capitalization for the top 100 cryptocurrencies by 14.62% from last week. As of April 5, 2020, Bitcoin
increased of 13.43%, with 94 projects increased in value to varying degrees was traded at 6791.13USD, 14.76% higher than its price
• The hashrate of Bitcoin increased and Ethereum increased by this week. This last week. Ethereum was traded at 143.55USD, 14.40%
higher than its price last week.
week, the difficulty of mining Bitcoin decreased but the difficulty of mining
Ethereum increased.
Total marketcap 192.3 billion USD
• The average number of transactions per block decreased and the average
block size of Bitcoin decreased BTC marketcap 124.3 billion USD
• The average number of transactions per block decreased and the average
BTC price 6719.13 USD
block size of Ethereum decreased this week
• The average transaction fees of Bitcoin decreased but Ethereum increased ETH marketcap 15.8 billion USD
• This week, the difficulty of mining Bitcoin decreased but the difficulty of mining
Ethereum increased ETH price 143.55 USD
• LSK was the most active project on GitHub this week
24h daily volume 972.1 billion USD
• 2 investments activities took place in the blockchain industry this week, COTI
got 3.5 million dollars strategic investment , Bao Quan.com got Pre-A round BTC dominance 65.25 %
investment from Lakala VC leader.
BTC hashrate 108.6 EH/s
BTC difficulty 13.91 T
April 6th, 2020Weekly Market Review x
• This week, the overall market capitalization for the
200
top 100 cryptocurrencies increased by 13.43%, with Total
94 projects increased in value to varying degrees. mcap
• As of April 5, 2020, Bitcoin was traded at 150
6791.13USD, 14.76% higher than its price last week.
Ethereum was traded at 143.55USD, 14.40% higher
than its price last week.exacoin, increased 27.48%, 100
Now #93).
• According to coinmarketcap, as of April 5, 2020, the 50
total market cap of cryptocurrencies was 190.5
billion U.S. dollars, increased by 13.43%, and the
total market cap of the top 100 cryptocurrencies was 0
March 30 March 31 April 1 April 2 April 3 April 4 April 5
190.4 billion U.S. dollars, increased by 14.62% from
last week, among which, SXP had the largest
% 130 0
increased of 121.10%, bringing its market cap
ranking from #165 to #100, EDC had the largest
97.5 -10
decreased of -37.90%, bringing its market cap
ranking from #43 to #67. DNA CBUCKS BRC SNT
65 -20
• In addition, there were 5 projects that entered
TOP100, namely, VSYS (v.systems, increased 19.43%,
32.5
Now #98), QNT (Quant, increased 40.79%, Now #86), -30
MB (MineBee, increased 57.27%, Now #94)， QQQ
0
(Poseidon Network, increased 68.87%, Now #88), MB QC QNT
-40
SXP QQQ
SXP (Swipe, increased 121.10%, Now #100). EDC Source: CoinmarketcapWeekly Market Review x
• The overall 24h trading volume increased this 980
Billion USD
week. Overall, the 24h trading volume increased 2020/03/29
2020/04/05
by 4.48% compared with the same period of last BTC 65.25%
965
week. In this week, 57 of the top 100 projects
increased in 24h trading volume, led by BAY with
a weekly increase of 631.90%; there were 43 950 Others
10.84%
projects decreased in their 24h trading volume, TAGZ5
there were 17 projects that saw over 20% 935
0.65%
ETH
BNB
decrease in their 24h trading volume, while 4 1.12%
8.32%
projects fell by more than 50%, led by XIN, with a EOS
1.14%
decreased of 89.25%. 920 LTC
1.38% BSV
24h Trading Volume 1.69% BCH USDT XRP
2.24% 3.25% 4.14%
• The top 10 cryptocurrencies’ market value
TOP10 Dominance
increased, the market share distribution
remained stable. On April 5, 2020, the overall % 70
2020/03/29
market cap of the top 10 cryptocurrencies was 2020/04/05
169.8 billion USD, increased by 15.00% from last 52.5
week, accounting for 89.19% of the total market
capitalization of cryptocurrencies, increased by 35
1.22% from last week. The market value
proportion of TOP10 project basically stable. 17.5
BTC’s dominance was 65.25%, increased by
0.76% from last week. 0
BTC ETH XRP BCH USDT BSV LTC EOS BNB TAGZ5 Other
Source: CoinmarketcapSegment Analysis x
TOP100 Cryptocurrencies
• Among TOP 100 cryptocurrency project TOP100 Cryptocurrencies
Segment Average Marketcap Market Segment Capitalization
segments, the total market cap of Asset- (in Billion USD) (in Billion USD)
1247.32 1428.84 35.64 39.69
backed Project got the largest increase. The
average market cap of Asset-backed Project 2020/03/29 2020/03/29
31.60
2020/04/05 2020/04/05
got the largest increase. As of April 5, 2020, the
total market cap of coin projects reached 142.8 23.94
billion USD, increased by 14.55%. The average
market cap of coin projects reached 3.96 billion
USD, increased by 11.37%. The total market cap of 205.16 232.48 7.33 8.94
platform projects reached 23.2 billion USD, 161.08 179.82 4.60 5.00
47.88 63.20
increased by 13.32%. The average market cap of
platform projects reached 0.89 billion USD, Coin Platfom Application Asset-backed Coin Platfom Application Asset-backed
Token Token
increased by 22.04%. The total market cap of
application class projects reached 17.9 billion
35% 75.03%
USD, increased by 11.64%. The average market
cap of application class projects reached 0.50 28%
billion USD, increased by 8.54%. The total market 3.32%
2%
cap of asset-backed token projects reached 6.32
9.44%
billion USD, increased by 31.98%. The average
market cap of asset-backed token projects 12.21%
reached 3.16 billion USD, increased by 31.98%. 35%
Coin = Asset developed based on blockchain technology that does not correspond to a specific use scenario and whose main function is only the transaction target. Its
asset value is mainly reflected by liquidity.
Platform = Asset that is associated with the development of the underlying technology of the blockchain and is supported by the right to use or participate in the platform.
Source: Coinmarketcap Application = Asset that is associated with a specific application scenario and is supported by a certain right of use, participation, or dividend.
Asset-backed = Assets that is linked to actual assets such as gold and US dollars and supported by the value of physical assets.
TokenMining Statistics x
• The hashrate of Bitcoin increased and Ethereum increased by this week. From March 30, 2020 — April 5, 2020 ,the average bitcoin
Hashrate for the entire network reached 108.6 EH/s, increased by 8.17% from the previous week.
• Average Hashrate for the entire Ethereum network was 176.72TH/s this week, increased by 0.33%.
Hashrate BTC Difficulty BTC
108.6 EH/s 13.91T
• This week, the difficulty of mining Bitcoin decreased but Ethereum increased. As of April 5, 2020, average difficulty for mining Bitcoin
this week was 13.91T, decreased by 12.13% from last week. The average difficulty of mining Ethereum this week was 2221.93TH,
increased by 1.12% from that of previous week.
Hashrate ETH Difficulty ETH
176.72 TH/s 2222.93TH
Source: blockchain.info, EtherchainMining Statistics x
• The number of blocks in Bitcoin increased by 14.96%. Top 5 rankings had changed. The overall distribution of the Ethereum mining
pools rankings remain the same, the number of blocks increased 1.26%. In the past week, Bitcoin mined 1053 blocks, increased
14.96% from the previous week. Among the top five pools were F2Pool, Poolin, BTC.com, AntPool, OKExPool, these 5 pools mined
222, 174, 133, 106 and 89 blocks respectively, accounting for 21.08%, 16.52%, 12.63%, 10.07% and 8.45% of all Bitcoins mined this
week. The Hashrate was 22.00 EH/s, 17.24EH/, 3.18EH/s, 10.50EH/s and 8.82EH/s, respectively.
• In the past week, Ethereum’s entire network mined 48038 blocks, increased 1.26% from the previous week. The top five pools were
SparkPool, Ethermine, F2pool, Nanopool and Zhizhu.top, each mined 15933, 10721, 4688, 3445 and 1865 blocks respectively,
accounting for 33.1675%, 22.3177%, 9.7589%, 7.1714% and 3.8823% of all Ethereum mined this week, respectively.
Poolin BTC Mining Pool Distribution ETH Mining Pool Distribution
16.52%
SparkPool
33.17%
Ethermine
F2Pool BTC.com 22.32%
21.08% 12.63%
AntPool
10.07%
F2Pool
9.76%
OkexPool Others
8.45% 23.7%
Others Nanopool
31.25% zhizhu.top 7.17%
3.88%
Source: blockchain.info, EtherchainActivity Statistics x
• The average number of transactions per block decreased and the average block size of Bitcoin decreased. The average number of
transactions per block decreased and the average block size of Ethereum decreased this week. According to blockchain.info, from
March,30,2020-April 5, 2020, the average size of each block was 1.08MB, decreased 0.92% form last week; there were on average
1613 transactions recorded in each block, decreased by 19.59% from the previous week.
Average BTC block size Average Number of tx/BTC block
1.08MB 1,613
• According to etherscan, the average number of transactions per block in Ethereum this week was 105.7, decreased by 10.20%. The
average size of each block was 22816.71 bytes, decreased by 7.18% compared to last week.
Average ETH block size Average Number of tx/ETH block
22816.71 bytes 105.7
Source: blockchain.info, EtherchainActivity Statistics x
• Number of unconfirmed transactions in Bitcoin decreased by 83.32%. Number of unconfirmed transactions in Ethereum increased by
1.15% from the previous week. As of April 5, 2020, the number of 7-day average unconfirmed transactions in Bitcoin network was
1371, decreased by 83.32% from last week. There were 63745.19 unconfirmed transactions in the Ethereum network, increased by
1.15% from last week, with the lowest amount of unconfirmed transactions in the week being 18356 and the highest amount being
69398.
Mempool tx count
1,371 Unconfirmed ETH txs
63,745
• Total transaction fees of Bitcoin decreased but Ethereum 0.7
Average Transaction fee in USD
increased. As of April 5, 2020, average transaction fees of
Bitcoin this week was $0.446, decreased by 40.21% from last 0.525
week. Average transaction fees of Ethereum this week was $
0.0828, incresead by 6.43%. 0.35
0.175
0
March 30 March 31 April 1 April 2 April 3 April 4 April 5
Source: blockchain.info, EtherscanActivity Statistics x
• The average number of distinct miners per
day in Ethereum decreased by 4.06% from Numer of distinct ETH miners
last week. From March 30, 2020-April 5, 54.4
2020,the average number of distinct miners per
day in Ethereum this week was 54.4, decreased
by 4.06% from last week.
• The number of nodes in Bitcoin increased ,The
number of nodes in Ethereum decreased this
week. As of April 5, 2020, there were 10132
Bitcoin nodes, increased by 1.46% compared to
last week, of which 2030 nodes were in the U.S,
1783 nodes were Germany, and 244 nodes were 2200
Number of nodes
in China(№9), each accounting for 20.04%, BTC nodes
ETH nodes
17.60% and 2.41% of the total number of Bitcoin 1650
nodes, respectively.
• As of April 5, 2020, there were 6710 Ethereum
1100
nodes, decreased by 1.79% from the previous
week. Specifically, there were 1951 nodes in the
U.S, 408 nodes in China, and 728 nodes in 550
Germany, each accounting for 29.08%, 6.08%,
10.85% of total number of nodes, respectively. 0
US Germany France Netherlands Canada Singapore UK China Russia Hong Kong Japan South Korea
Source: Bitnodes, EthernodesActivity Statistics x
• This week, the growth rate for new addresses of Bitcoin increased. According to the data on blockchain, as of April 5, 2020, the total
number of Bitcoin addresses was 47276550 increased by 239935 (0.51%).
Numer of BTC addresses Numer of ETH addresses
47,276,550 92,998,449
• LSK was the most active project on
GitHub this week. From March 30,
2020 — April 5, 2020, Lisk was the LSK the most active project on Github this week
active project repository on GitHub
with a total of 138 commits.
Source: blockchain.info, cryptomisoIndustry Application News x 1.General Motors Files Patent for a 2. Ontario Conservation Authorities Test 3. BMW’s Blockchain Solution for Blockchain-Based Navigation Map Blockchain for Green Energy on Smart Grids Supply Chains to Roll Out in 2020 Major car manufacturer, General Canadian conservation authorities and World-famous car manufacturer BMW Motors, or GM, has filed a patent technology firm Insolar are conducting a test- Group plans to roll out its blockchain application for a continuously bed blockchain project for renewable energy supply chain solution to 10 suppliers this updating navigation map system. The m a n a g e m e n t .W i t h i n t h e s c o p e o f i t s year.Dubbed “PartChain,” the platform system would use blockchain to Sustainable Technologies Evaluation Program has already been successfully tested by integrate data from vehicle sensors (STEP), on April 1 the Toronto and Region BMW in 2019, an official announcement and build a reliable map for Conservation Authority (TRCA) announced a on March 31 revealed. In its early version, autonomous vehicles. General Motors’ collaboration with blockchain specialist Insolar Pa rt C h a i n i s d e s i g n e d t o e n s u re solution is to distribute the process to to leverage the technology for managing traceability and immediate data many vehicles, which would collect distributed energy resources (DERs).Ontario’s transparency for automobile components data about their surroundings through long-term energy plan has reportedly identified across complex supply chains that sensors as they simply drive DERs as an essential policy strategy that will engage multiple international parties. The around.The real-time data would be help to close the growing gap in electricity 2019 pilot implemented the solution for compared with a discrepancy detector, supply as the region works to replace 30% of its purchasing and tracking front lights, with which analyzes the existing maps. Any conventional power production with the involvement of two of BMW Group’s difference is transmitted to a sustainable sources over the next 15 years. total 31 plants, as well as three locations blockchain network that holds all the Sources such as solar and wind can be used as of the supplier Automotive Lighting. In map data. The “candidate transaction” a backup or replacement to achieve a more the long-term, BMW’s vision is to use is then validated if other vehicles sustainable energy mix, provided they are blockchain to create “an open platform report a similar change. The patent coordinated on the power grid’s edge. This that will allow data within supply chains to suggests that the network would be ostensibly ensures they do not stop utilities be exchanged and shared safely and maintained by vehicles and mining from providing a reliable energy supply. anonymized across the industry. nodes located in data centers.
International Policy News x 1. Malaysian Securities Regulator 2. South African National Blockchain Alliance 3. DHS Names Blockchain Managers Approves Crypto Trading Platform Holds Online Launch Among Critical Infrastructure Following a nine-month-long probationary The South African National Blockchain Alliance Workers period, Malaysia-based cryptocurrency carried out an online livestream launch while A memorandum published by the trading firm, Tokenize Malaysia, has received the country is in the midst of a 21-day lockdown United States Department of Homeland f u l l a p p ro v a l f ro m l o c a l s e c u r i t i e s to curb the spread of the coronavirus Security (DHS) has named blockchain watchdog.With the approval to operate a pandemic. The organization was due to be managers among the nation’s essential Digital Assets Exchange, the company’s launched at the beginning of April in critical infrastructure workers.On March cryptocurrency trading platform, Tokenize Johannesburg but had to be taken online as 19, the DHS’ Cybersecurity and Xchange, became legally approved and South Africa and the world tackles a global Infrastructure Security Agency (CISA) regulated by the Securities Commission health crisis. Akhona Damane heads up the published a memo emphasizing the (SC) of Malaysia, local news outlet, project and said that SANBA intends to be the special responsibility of workers within SoyaCincau, reported on April 3. The central cog in a network of partnerships a critical infrastructure industry to exchange offers fiat-to-digital asset between South Africa’s government, industry- maintain normal working schedules pairings.Malaysian laws require that local leading companies, startups and civil society. amid the intensifying coronavirus cryptocurrency exchanges register with the An important consideration for SANBA is the lockdown. The document names SC, after which they have up to nine month development of blockchain-based systems and blockchain managers alongside to achieve compliance with the SC’s solutions coming from inside South Africa. healthcare, pharmaceuticals, and food regulation standards. The SC introduced the Another major focus will be driving the s u p p l y a s c r i t i c a l i n f ra s t r u c t u re Capital Markets and Services (Prescription development of skills needed to explore and industries.The inclusion of blockchain of Securities) (Digital Currency and Digital create blockchain solutions. An integral part of managers on CISA’s list may indicate Token) Order 2019 on January 15, 2019. this will be educating civil society on the various the DHS’s recognition of the potential The regulation classifies digital currencies, use cases and further potential of the for distributed ledger technologies tokens, and crypto-assets as securities, technology to improve a wide variety of (DLT) to be employed in coronavirus placing them under the Securities industries. relief efforts. Commission’s authority.
About Us x Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry. Huobi Research Weekly aims to provide participators of the cryptocurrency market with the most up-to-date and comprehensive database to help them facilitate decision-making process. Blockfyre is research boutique providing analysis on the digital asset market. We are focused on in-depth market research, providing investors with insights into digital asset investments, we create research reports on blockchain projects, as well as early IEO / ICO ratings and reports on the overall cryptocurrency market. Besides analysis and research for investors, Blockfyre also offers research and consulting services aimed at companies in the blockchain/crypto sector. We believe Blockchain technology and cryptocurrencies will drastically change the way industries and markets operate on a global scale. Therefore, we are dedicated to helping investors finding access to these markets and make the best decisions possible.
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