Coinspeaker partnered with ICOBox to provide our readers with this weekly analysis conducted by Professor Dima Kornilov and Dima Zaitsev devoted to cryptocurrency and digital assets markets over the last week (December 11-17, 2017).

Information as of December 17, 2017 (results for the period from July 1, 2017)

This report was created by:

This report presents data on the cryptocurrency and ICO market changes that took place in the third and fourth quarters, with special emphasis on an analysis of the changes that have taken place since the beginning of December 2017, including over the last week (December 11-17, 2017).

1. General cryptocurrency and digital assets market analysis (by week, month, quarter). Market trends.

1.1 General cryptocurrency and digital assets market analysis (by week, month).

Table 1.1. Trends in the capitalization of the cryptocurrency market and main cryptocurrencies from November 1, 2017, to December 17, 2017

Parameter 1-Nov-17 1-Dec-17 MoM, % 3-Dec-17 DoD, % 10-Dec-17 DoD, % 17-Dec-17 DoD, %
1 Total market capitalization, USD billion 182.6 305.1 67.1% 329.1 7.8% 416.9 26.7% 579.5 39.0%
2 Altcoin market capitalization, USD billion 75.4 134.7 78.7% 143.8 6.8% 163.1 13.4% 253.4 55.4%
Altcoin dominance, % 41.3% 44.1% 7.0% 43.7% -1.0% 39.1% -10.5% 43.7% 11.8%
3 Bitcoin price, $ 6 441.0 10 198.6 58.3% 11 082.7 8.7% 15 168.4 36.9% 19 475.8 28.4%
Bitcoin market capitalization, USD billion 107.3 170.4 58.9% 185.3 8.7% 253.8 37.0% 326.1 28.5%
Bitcoin dominance, % 58.7% 55.9% -4.9% 56.3% 0.8% 60.9% 8.1% 56.3% -7.6%
4 Ethereum price, $ 305.8 445.2 45.6% 463.7 4.2% 472.8 2.0% 696.2 47.3%
Ethereum market capitalization, USD billion 29.2 42.8 46.5% 44.6 4.2% 45.5 2.1% 67.1 47.5%
Ethereum dominance, % 16.0% 14.0% -12.3% 13.5% -3.4% 10.9% -19.4% 11.6% 6.1%
5 Bitcoin Cash price, $ 438.3 1 381.8 215.3% 1 435.4 3.9% 1 411.8 -1.6% 1 812.3 28.4%
Bitcoin Cash market capitalization, USD billion 7.3 23.3 216.8% 24.2 3.9% 23.8 -1.6% 30.6 28.5%
Bitcoin Cash dominance, % 4.0% 7.6% 89.6% 7.3% -3.7% 5.7% -22.3% 5.3% -7.6%
6 Litecoin price, $ 55.7 88.0 57.9% 100.2 13.9% 155.6 55.3% 301.8 93.9%
Litecoin market capitalization, USD billion 3.0 4.8 59.2% 5.4 13.9% 8.4 55.7% 16.4 94.3%
Litecoin dominance, % 1.6% 1.6% -4.7% 1.6% 5.6% 2.0% 22.9% 2.8% 39.8%
7 Smith + Crown Index 12 083 18 058 49.4% 20 456 13.3% 25 891 26.6% 34 989 35.1%
8 Volume (24h) 4 crypto, USD billion 3.5 9.2 9.2 0.3% 15.9 72.9% 17.3 8.6%
Market cap 4 crypto, USD billion 144.2 246.1 263.9 7.2% 332.6 26.0% 453.0 36.2%
ZAK-4 Crypto index 2.4% 3.7% 3.5% -6.4% 4.8% 37.1% 3.8% -20.3%
9 Volume (24h) 8 crypto, USD billion 10.3 9.9 -3.4% 17.9 80.5% 20.4 13.6%
Market cap 8 crypto, USD billion 263.5 282.7 7.3% 363.8 28.7% 498.2 37.0%
ZAK-8 Crypto index 3.9% 3.5% -9.9% 4.9% 40.3% 4.1% -17.0%

* Data as of December 17, 2017, 00:00 UTC
** After December 1, 2017, the structure of the cryptocurrency market changed, so the subsequent figures of the ZAK-4 index were calculated using the cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash, and Ripple.
*** Due to changes in the top eight cryptocurrencies by capitalization since December 1, 2017, the ZAK-8 index was calculated using the cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, IOTA and Cardano.
Data source: coinmarketcap.com, https://www.smithandcrown.com

During the period from December 1-17, 2017, total cryptocurrency market capitalization increased by more than $270 billion, from $305.1 billion to $579.5 billion (as of December 17, 2017, 00:00 UTC, see Table 1.1).

Figure 1 shows how the anticipation of the launch of Bitcoin futures affected the change in total market capitalization.

Figure 1. Trends in total cryptocurrency market capitalization during the period December 10-18, 2017

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-1

Data source: coinmarketcap.com

We give an analysis of the change in demand for cryptocurrency on December 10, 2017 (prior to the commencement of trading in Bitcoin futures on the CBOE (Chicago)).

At 00:00 UTC on December 10, 2017, cryptocurrency capitalization equaled $416.9 billion (see Table 1.1). Over the next four hours market capitalization fell by more than $50 billion, and by 04:00 UTC on December 10, 2017, equaled $363.6 billion (see fig. 1). However, by the start of the day on Monday (December 11, 2017, 00:00 UTC), the market had rebounded to $411 billion, and a significant increase in capitalization growth to $579.5 billion was subsequently seen (December 17, 2017, 00:00 UTC, see Table 1.1, fig. 1).

Over the past week (December 11-17, 2017) market capitalization increased by approximately $160 billion, with Bitcoin, the capitalization of which increased from $253.8 billion to $326.1 billion, accounting for $70 billion of this increase. The growth in altcoin capitalization over the week equaled approximately $90 billion, from $163.1 billion to $253.4 billion.

During the period from December 10-17, the exchange rates of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin increased by 28.4%, 47.3%, 28.4%, and 93.9%, respectively.

Last week saw the appreciation of all cryptocurrencies in the top 20, except IOTA. Special mention should be made of the significant increase in the capitalization of Litecoin and Cardano, which took 5th and 6th place in the list of cryptocurrencies by capitalization.

The Litecoin exchange rate, for example, increased from $98 to $300-320 over the space of ten days (December 8-18, 2017), i.e. it more than tripled (fig. 2), while the Cardano exchange rate increased by 350% over the space of four days (December 14-18, 2017), from $0.13 to $0.59 (fig. 3).

Figure 2. Price trends of Litecoin from December 8-18, 2017

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-2

Data source: coinmarketcap.com

Figure 3. Price trends of Cardano from December 14-18, 2017

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-3

Data source: coinmarketcap.com

According to the data of CoinTelegraph, the Bloomberg Terminal system has added Ripple (XRP), Ethereum (ETH), and Litecoin (LTC), in other words users can now analyze their financial indicators in real time. Banks in Japan and South Korea are testing Ripple blockchain-based payments (see Table 1.5). As a result, the Ripple (XRP) exchange rate appreciated over the week (December 11-17, 2017) by a factor of three, from $0.25 to $0.75, and the Ethereum (ETH) exchange rate increased from $450 to $700.

In general, the appearance on the cryptocurrency market of new risk hedging mechanisms (futures contracts) has had a favorable effect on market trends. However, total trading in Bitcoin futures on the CBOE over the past week was not large compared to total cryptocurrency capitalization. Therefore, it will be interesting to see how the start of trading in bitcoin futures on the largest commodities exchange in the world, CME Group, which is planned for December 18, will affect the bitcoin exchange rate. At the same time, news concerning the possible launch of Ethereum and Litecoin futures has also appeared (see Table 1.5).

Two hard forks took place somewhat unnoticed against the backdrop of all these events and the significant growth in the cryptocurrency market: Super Bitcoin and ECIP 1017 (fig. 4). The website of the Super Bitcoin project notes that the hard fork is “experimental”. The ECIP 1017 hard fork took place in the Ethereum Classic network. Now, as expected, the total supply of this cryptocurrency will be reduced by 20 million units, to 210 million, thanks to the implementation of a deflationary monetary policy model.

Figure 4. Hard Fork

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-4

You will recall that prior to this, on November 24th, a Bitcoin hard fork was performed that resulted in the appearance of the Bitcoin Diamond cryptocurrency.

The main reasons for the changes in the exchange rates of the leading cryptocurrencies over the last week are given in Table 1.3.

The Smith + Crown Index increased over the indicated period from 25,891 to 34,989.

To analyze trading activity on cryptocurrency exchanges, the ZAK-n Crypto index is calculated (see the Glossary). The values of the ZAK-4 Crypto and ZAK-8 Crypto indices are presented in Tables 1.1, 1.2.a, and 1.2.b. For example, on December 14, 2017, the 24-hour trading volumes (Volume 24h) for the four dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, and Ripple) exceeded $26.7 billion (Table 1.2.a). The value of the ZAK-4 Crypto equaled 6.9%, which attests to the extremely high liquidity and market dynamism of the dominant cryptocurrencies.

Table 1.2.a. Daily ZAK-4 Crypto index calculation (from December 1, 2017, to December 17, 2017)

Crypto Bitcoin (BTC) Ethereum (ETH) Bitcoin Cash (BCH) Ripple (XRP) 4 Crypto
  Price Open Volume (24h) Market cap Price Open Volume (24h) Market cap Price Open Volume (24h) Market cap Price Open Volume (24h) Market cap Volume (24h) 4 crypto Market cap 4 crypto ZAK-4 Crypto index
Date $ USD billion USD billion $ USD billion USD billion $ USD billion USD billion $ USD billion USD billion USD billion USD billion %
Dec 17, 2017 19 476 13.3 326.1 696 2.1 67.1 1812 1.0 30.6 0.754 0.8 29.2 17.3 453.0 3.8%
Dec 16, 2017 17 760 12.7 297.4 686 2.2 66.1 1825 1.0 30.8 0.755 1.3 29.3 17.2 423.5 4.1%
Dec 15, 2017 16 601 14.3 277.9 696 2.8 67.1 1975 1.5 33.3 0.862 3.2 33.4 21.7 411.7 5.3%
Dec 14, 2017 16 385 13.8 274.3 701 3.8 67.5 1601 2.7 27.0 0.471 6.4 18.2 26.7 387.0 6.9%
Dec 13, 2017 17 500 13.0 292.9 645 4.5 62.1 1617 1.2 27.2 0.373 2.7 14.4 21.5 396.7 5.4%
Dec 12, 2017 16 920 14.6 283.2 522 5.2 50.3 1427 1.4 24.1 0.252 1.6 9.8 22.7 367.3 6.2%
Dec 11, 2017 15 427 12.2 258.1 440 1.8 42.4 1320 0.9 22.2 0.237 0.2 9.2 15.0 331.9 4.5%
Dec 10, 2017 15 168 13.4 253.8 473 1.4 45.5 1412 0.9 23.8 0.246 0.2 9.5 15.9 332.6 4.8%
Dec 9, 2017 16 523 13.9 276.4 457 2.0 44.0 1465 1.1 24.7 0.252 0.2 9.8 17.2 354.9 4.8%
Dec 8, 2017 17 803 21.1 297.8 435 2.3 41.8 1329 2.6 22.4 0.224 0.7 8.7 26.7 370.7 7.2%
Dec 7, 2017 14 266 18.0 238.6 426 2.1 41.0 1431 1.3 24.1 0.233 0.3 9.0 21.6 312.7 6.9%
Dec 6, 2017 11 923 12.7 199.4 463 2.0 44.5 1498 1.2 25.2 0.245 0.3 9.5 16.1 278.6 5.8%
Dec 5, 2017 11 686 6.9 195.4 470 1.2 45.2 1580 1.0 26.6 0.254 0.2 9.8 9.3 277.0 3.4%
Dec 4, 2017 11 315 6.1 189.2 466 1.0 44.8 1560 0.8 26.3 0.253 0.1 9.8 8.0 270.0 3.0%
Dec 3, 2017 11 083 6.6 185.3 464 1.0 44.6 1435 1.5 24.2 0.256 0.1 9.9 9.2 263.9 3.5%
Dec 2, 2017 10 978 5.1 183.5 467 0.9 44.9 1462 0.6 24.6 0.256 0.1 9.9 6.8 262.8 2.6%
Dec 1, 2017 10 199 6.8 170.4 445 1.2 42.8 1382 1.0 23.3 0.250 0.2 9.7 9.2 246.1 3.7%

* Data as of December 18, 2017, 00:00 UTC
** Data source: coinmarketcap.com

The 24-hour trading volumes (Volume 24h) for the eight dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, IOTA, and Cardano) reached $20.4 billion at the end of last week (Table 1.2.b), i.e. 4.1% of their market capitalization. The ZAK-4 Crypto and ZAK-8 Crypto indices are considered in more detail in Tables 1.2.a and 1.2.b.

Table 1.2.b. Daily ZAK-8 Crypto index calculation (continuation of Table 1.2.а)

Crypto IOTA (MIOTA) Cardano (ADA) Dash (DASH) Litecoin (LTC) 8 Crypto
  Price Open Volume (24h) Market cap Price Open Volume (24h) Market cap Price Open Volume (24h) Market cap Price Open Volume (24h) Market cap Volume (24h) Market cap ZAK-8 Crypto index
Date $ USD billion USD billion $ USD billion USD billion $ USD billion USD billion $ USD billion USD billion USD billion USD billion %
Dec 17, 2017 3.65 0.3 10.9 0.387 0.6 10.0 1015 0.5 7.9 302 1.7 16.4 20.4 498.2 4.1%
Dec 16, 2017 3.91 0.4 10.5 0.213 0.6 5.5 901 0.2 7.0 299 1.3 16.3 19.7 462.8 4.3%
Dec 15, 2017 3.77 0.6 11.3 0.233 0.2 6.0 943 0.2 7.3 281 2.6 15.3 25.3 451.6 5.6%
Dec 14, 2017 4.06 0.5 13.1 0.134 0.3 3.5 884 0.3 6.9 301 2.1 16.4 29.9 426.7 7.0%
Dec 13, 2017 4.72 0.7 11.9 0.134 0.1 3.5 925 0.3 7.2 315 3.4 17.1 25.9 436.3 5.9%
Dec 12, 2017 4.26 0.4 11.5 0.121 0.1 3.1 766 0.4 5.9 212 7.0 11.5 30.5 399.4 7.6%
Dec 11, 2017 4.14 0.6 12.9 0.109 0.0 2.8 689 0.2 5.3 148 2.9 8.0 18.8 361.1 5.2%
Dec 10, 2017 4.66 0.7 14.0 0.120 0.0 3.1 723 0.2 5.6 156 1.1 8.4 17.9 363.8 4.9%
Dec 9, 2017 5.05 0.9 11.5 0.115 0.1 3.0 728 0.2 5.6 127 2.4 6.9 20.8 381.9 5.5%
Dec 8, 2017 4.14 1.3 12.4 0.106 0.1 2.8 701 0.3 5.4 98 1.5 5.3 29.8 396.6 7.5%
Dec 7, 2017 4.47 2.1 10.6 0.118 0.1 3.1 700 0.2 5.4 100 0.6 5.4 24.7 337.2 7.3%
Dec 6, 2017 3.81 1.4 7.8 0.127 0.1 3.3 756 0.2 5.8 102 0.5 5.5 18.4 301.1 6.1%
Dec 5, 2017 2.80 1.1 5.3 0.136 0.1 3.5 775 0.2 6.0 104 0.3 5.6 11.0 297.4 3.7%
Dec 4, 2017 1.89 0.4 4.0 0.132 0.1 3.4 771 0.2 6.0 101 0.3 5.5 9.0 288.9 3.1%
Dec 3, 2017 1.44 0.1 3.9 0.132 0.0 3.4 779 0.2 6.0 100 0.4 5.4 9.9 282.7 3.5%
Dec 2, 2017 1.42 0.1 3.6 0.132 0.1 3.4 798 0.2 6.2 99 0.4 5.4 7.6 281.4 2.7%
Dec 1, 2017 1.31 0.2 3.5 0.117 0.1 3.0 787 0.3 6.1 88 0.6 4.8 10.3 263.5 3.9%

 

Table 1.3 shows the key events of the week (December 11-17, 2017) having an influence on the exchange rates of the dominant cryptocurrencies and on the cryptocurrency market in general, with an indication of their nature and type of impact.

 

Table 1.3. Key events of the week having an influence on cryptocurrency exchange rates, December 11-17, 2017

Factors and events

(link to source)

Date of news Date of event* Description Nature of impact Type of impact
1.                     Bitcoin Price Recovers from a Low of $13K as CBOE’s Future Contracts Go Live [source: Coinspeaker] December 11, 2017 December 11, 2017 Right before the launch of the futures, the bitcoin price fell almost to $13,500 due to uncertainty. However, the CBOE website crashed immediately after the launch of the futures due to the colossal number of visitors, and the bitcoin price increased over the course of the day to $16,500, showing the highest five-minute growth spurt in its history. BTC

Market

 

Favorable
2.                     Company Halts ICO After SEC Raises Registration Concerns [source: SEC] December 11, 2017 December 11, 2017 The SEC identified a number of violations of US securities law during the Munchee ICO, and suspended the ICO. The Commission noted that the company quickly halted the ICO after its intervention, immediately returned all funds, and cooperated with the investigation, and consequently a decision was taken not to impose a fine. This news shows that the SEC is beginning to regulate ICOs more and more, and that certain standards are being put in place. However, it is still early to talk about any consequences for the ICO market. Cryptocurrency market Uncertain
3.                     Market Capitalization of All Cryptocurrencies Surpasses Half Trillion Dollars [source: Coinspeaker] December 13, 2017 December 13, 2017 The cryptocurrency market has passed half a trillion dollars, thereby asserting its credibility and attracting ever growing attention from both serious players on the financial markets and the general public. Market

 

Favorable
4.                     Litecoin Passes Threshold of $340 [source: Coinmarketcap] December 13, 2017 December 13, 2017 Litecoin reached its record high after a sharp growth over several days, and retook its place among the top five cryptocurrencies by capitalization. Litecoin Favorable
5.                     Ethereum Sets New Record Price of $750 [source: Coinmarketcap] December 14, 2017 December 14, 2017 The new record price of Ethereum attests to the possibility for a further reduction in the gap with bitcoin caused by the latter’s rapid growth. ETH

 

Favorable
6.                     Malaysia Issues Proposed Digital Currency Regulations for Public Review [source: News Bitcoin] December 15, 2017 December 15, 2017 Malaysia has provided the public with a possible version of cryptocurrency regulations, stipulating the need for cryptocurrency exchanges to collect information on their users and to track incoming and outgoing transactions on the exchanges. Clearly, this method of control over cryptocurrencies will have a more favorable impact on the market than a ban on cryptocurrencies, and demonstrates that the Malaysian government sees that cryptocurrencies have a future. Market

 

Uncertain, but most likely favorable
7.                     Bitcoin Price Reaches $20,000 on Many Major Exchanges [source: Coinmarketcap] December 17, 2017 December 17, 2017 A new record high was reached, and a psychological barrier was overcome, against the backdrop of the launch of bitcoin futures on another cryptocurrency exchange. BTC Favorable

* Event already took place

The high trading volume (Volume 24h) relative to market capitalization contributes to increased volatility and wild price changes on the cryptocurrency market.

Below is an analysis of the daily changes in the Bitcoin, Ethereum, and Bitcoin Cash exchange rates since the start of December (Tables 1.4.a, 1.4.b, and 1.4.c).

Table 1.4.a. Daily change in the Bitcoin (BTC) exchange rate, trading volume (Volume 24h) and capitalization, USD (from December 1, 2017, to December 17, 2017)

Date Open, $ High, $ Low, $ Range, $ Close, $ DoD, % D, % Index, rate to start of year Volume (24h), USD million Market cap, USD million
Dec 17, 2017 19 475.8 20 089.0 18 974.1 1 114.9 19 140.8 98.2% -1.8 19.17 13 315 326 141
Dec 16, 2017 17 760.3 19 716.7 17 515.3 2 201.4 19 497.4 110.1% 10.1 19.53 12 741 297 376
Dec 15, 2017 16 601.3 18 154.1 16 601.3 1 552.8 17 706.9 106.9% 6.9 17.74 14 310 277 936
Dec 14, 2017 16 384.6 17 085.8 16 185.9 899.9 16 564.0 100.9% 0.9 16.59 13 777 274 269
Dec 13, 2017 17 500.0 17 653.1 16 039.7 1 613.4 16 408.2 94.2% -5.8 16.44 12 977 292 900
Dec 12, 2017 16 919.8 17 781.8 16 571.6 1 210.2 17 415.4 102.8% 2.8 17.44 14 604 283 155
Dec 11, 2017 15 427.4 17 513.9 15 404.8 2 109.1 16 936.8 109.6% 9.6 16.97 12 154 258 147
Dec 10, 2017 15 168.4 15 850.6 13 226.6 2 624.0 15 455.4 101.8% 1.8 15.48 13 433 253 782
Dec 9, 2017 16 523.3 16 783.0 13 674.9 3 108.1 15 178.2 91.6% -8.4 15.20 13 911 276 415
Dec 8, 2017 17 802.9 18 353.4 14 336.9 4 016.5 16 569.4 92.6% -7.4 16.60 21 136 297 787
Dec 7, 2017 14 266.1 17 899.7 14 057.3 3 842.4 17 899.7 125.2% 25.2 17.93 17 951 238 600
Dec 6, 2017 11 923.4 14 369.1 11 923.4 2 445.7 14 291.5 119.9% 19.9 14.32 12 656 199 390
Dec 5, 2017 11 685.7 12 032.0 11 604.6 427.4 11 916.7 102.2% 2.2 11.94 6 895 195 389
Dec 4, 2017 11 315.4 11 657.2 11 081.8 575.4 11 657.2 102.9% 2.9 11.68 6 132 189 172
Dec 3, 2017 11 082.7 11 858.7 10 862.0 996.7 11 323.2 102.2% 2.2 11.34 6 608 185 258
Dec 2, 2017 10 978.3 11 320.2 10 905.1 415.1 11 074.6 100.9% 0.9 11.09 5 139 183 490
Dec 1, 2017 10 198.6 11 046.7 9 694.7 1 352.1 10 975.6 107.3% 7.3 10.99 6 783 170 436

* Data as of December 18, 2017, 00:00 UTC
Data source: coinmarketcap.com

The Bitcoin exchange rate surpassed $20,000 for the first time on December 17, 2017.

Table 1.4.b. Daily change in the Ethereum (ETH) exchange rate, trading volume (Volume 24h) and capitalization, USD (from December 1, 2017, to December 17, 2017)

Date Open, $ High, $ Low, $ Range, $ Close, $ DoD, % D, % Index, rate to start of year Volume (24h), USD million Market cap, USD million
Dec 17, 2017 696.24 735.8 696.24 39.6 719.98 103.4% 3.4 88.12 2 147 67 106
Dec 16, 2017 686.19 718.4 680.79 37.6 696.21 101.7% 1.7 85.22 2 166 66 124
Dec 15, 2017 696.38 697.1 621.06 76.1 684.45 98.4% -1.6 83.78 2 759 67 091
Dec 14, 2017 700.59 753.1 664.99 88.1 695.82 99.0% -1.0 85.17 3 822 67 483
Dec 13, 2017 644.91 748.0 597.80 150.2 702.77 107.9% 7.9 86.02 4 525 62 106
Dec 12, 2017 522.29 657.3 504.49 152.8 651.43 126.5% 26.5 79.73 5 180 50 286
Dec 11, 2017 440.36 517.0 439.10 77.9 515.14 116.6% 16.6 63.05 1 771 42 389
Dec 10, 2017 472.79 472.8 429.51 43.3 441.72 93.3% -6.7 54.07 1 404 45 501
Dec 9, 2017 457.34 504.2 456.25 47.9 473.50 103.8% 3.8 57.96 2 004 44 006
Dec 8, 2017 434.99 466.1 422.37 43.7 456.03 105.0% 5.0 55.82 2 336 41 846
Dec 7, 2017 426.37 441.4 414.41 27.0 434.41 101.4% 1.4 53.17 2 130 41 008
Dec 6, 2017 462.60 462.7 420.21 42.5 428.59 92.5% -7.5 52.46 1 998 44 483
Dec 5, 2017 470.29 473.6 457.66 15.9 463.28 98.5% -1.5 56.71 1 217 45 213
Dec 4, 2017 466.05 474.8 453.31 21.5 470.20 100.9% 0.9 57.55 1 006 44 796
Dec 3, 2017 463.70 482.8 451.85 31.0 465.85 100.5% 0.5 57.02 991 44 561
Dec 2, 2017 466.85 476.2 456.65 19.6 463.45 99.3% -0.7 56.73 944 44 853
Dec 1, 2017 445.21 472.6 428.31 44.3 466.54 104.3% 4.3 57.10 1 248 42 765

* Data as of December 18, 2017, 00:00 UTC
Data source: coinmarketcap.com

Since the start of December (December 1-17, 2017), the Bitcoin exchange rate has appreciated from $10,198.60 to $19,140.80, and the Ethereum exchange rate from $445.21 to $719.98 (Tables 1.4.a and 1.4.b). The highest Bitcoin and Ethereum exchange rates ($20,089 and $735.80, respectively) were recorded on December 17, 2017. The largest fluctuations in the daily range (Range) of the exchange rates of Bitcoin ($4,016.50) and Ethereum ($152.80) were recorded on December 8, 2017, and December 12, 2017, respectively. Since the start of 2017, the Bitcoin and Ethereum exchange rates have increased by a factor of 19.17 and 88.12, respectively (see Tables 1.4.a, 1.4.b).

The price trends of Bitcoin, Ethereum, Bitcoin Cash, and Ripple (the top four by capitalization) in December 2017 are given in figures 5, 6, 7 and 8.

Figures 5, 6, 7, 8. Price trends of Bitcoin, Ethereum, Bitcoin Cash, and Ripple

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-5

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-6

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-7

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-8

According to the data given in figures 5, 6, 7, 8, the intensive growth in the Bitcoin exchange rate during December 6-7, 2017, was accompanied by a drop in the exchange rates of Ethereum and Bitcoin Cash, while the downward adjustment of the Bitcoin exchange rate on December 8, 2017, led to an increase in Ethereum and Bitcoin Cash. Over the 2-4 days after December 11, 2017, there was intensive growth in the presented cryptocurrencies, followed by a downward adjustment of the exchange rate.

Table 1.4.c. Daily change in the Bitcoin Cash (BCH) exchange rate, trading volume (Volume 24h) and capitalization, USD (from December 1, 2017, to December 17, 2017)

Date Open, $ High, $ Low, $ Range, $ Close, $ DoD, % D, % Index,

rate to Aug 1, 2017

Volume (24h), USD million Market cap, USD million
Dec 17, 2017 1812.3 1939.9 1806.7 133.3 1862.9 103.4% 3.4 4.90 1 021 30 555
Dec 16, 2017 1824.9 1890.1 1769.5 120.6 1801.9 99.3% -0.7 4.74 971 30 763
Dec 15, 2017 1974.7 1974.7 1678.1 296.6 1815.4 92.3% -7.7 4.78 1 457 33 285
Dec 14, 2017 1600.7 2080.4 1593.2 487.3 1966.1 122.3% 22.3 5.17 2 717 26 978
Dec 13, 2017 1617.0 1702.5 1497.9 204.6 1607.7 99.5% -0.5 4.23 1 245 27 250
Dec 12, 2017 1427.4 1638.3 1427.4 210.9 1615.0 113.5% 13.5 4.25 1 386 24 052
Dec 11, 2017 1320.0 1453.5 1316.9 136.6 1423.4 107.6% 7.6 3.75 923 22 240
Dec 10, 2017 1411.8 1411.8 1226.2 185.6 1323.1 93.8% -6.2 3.48 886 23 785
Dec 9, 2017 1464.6 1526.4 1353.9 172.5 1410.1 96.3% -3.7 3.71 1 060 24 672
Dec 8, 2017 1329.2 1731.3 1247.9 483.4 1464.1 110.0% 10.0 3.85 2 554 22 387
Dec 7, 2017 1430.7 1454.7 1323.8 131.0 1330.9 93.1% -6.9 3.50 1 285 24 096
Dec 6, 2017 1498.5 1530.7 1396.2 134.5 1430.1 95.2% -4.8 3.76 1 155 25 234
Dec 5, 2017 1580.2 1623.2 1498.0 125.2 1501.9 95.2% -4.8 3.95 1 033 26 607
Dec 4, 2017 1560.2 1580.1 1499.0 81.1 1576.9 101.1% 1.1 4.15 781 26 267
Dec 3, 2017 1435.4 1649.3 1420.6 228.7 1559.9 108.7% 8.7 4.10 1 477 24 164
Dec 2, 2017 1462.1 1502.4 1415.5 86.9 1435.0 98.1% -1.9 3.78 575 24 611
Dec 1, 2017 1381.8 1482.7 1300.5 182.2 1462.7 105.2% 5.2 3.85 965 23 257

* Data as of December 18, 2017, 00:00 UTC
Data source: coinmarketcap.com

The overall index of Bitcoin Cash exchange rate change from August 1, 2017, equaled 4.9 (the rate of $380 at the close of the day on August 1, 2017, was taken as the basis for the calculation), i.e. during the period after the Bitcoin hard fork and the appearance of the new Bitcoin Cash cryptocurrency its exchange rate has increased by 390%, with most of this growth taking place since the beginning of November. In December the exchange rate has ranged from $1,226.20 to $1,939.90. As mentioned earlier, Bitcoin Cash now holds third place in terms of capitalization, which equals $30.5 billion.

Table 1.5 gives a list of events, information on which appeared last week, which could impact both the exchange rates of specific cryptocurrencies and the market in general.

Table 1.5. Events that could have an influence on cryptocurrency exchange rates in the future

 

Factors and events

(link to source)

Date of news Date of event* Description Nature of impact Type of impact
1. Roger Ver Announces the Issue of Bitcoin Cash Visa Debit Cards [source: Twitter] December 11, 2017 n/a One of the creators of Bitcoin Cash has announced the forthcoming issue of Bitcoin Cash Visa debit cards. Although the specific properties of the cards are not yet being disclosed, this is positive news and could be a new step in the development of all cryptocurrencies. Bitcoin Cash

 

Favorable
2. South Korea Joins Asian Trend as It Mulls Ban on Bitcoin [source: Asia Nikkei] December 12, 2017 n/a The Ministry of Justice of South Korea is considering the possibility of a full ban on all cryptocurrencies in the country due to the high risks of fraudulent schemes. Although this is only one of the possible ways that the situation could develop, in any case this news will have negative consequences for the market, since it shows that progressive countries such as South Korea are also entertaining the possibility of a ban on all cryptocurrencies. Market Unfavorable
3. Japan-South Korea Blockchain Payments Enter Trials Friday [source: Asia Nikkei] December 13, 2017 December 15, 2017 SBI Holdings (Japan) and two of the largest South Korean banks have announced their intention to test Ripple-based bank transfers between countries in the near future. This technology will make it possible to forego global clearing, thereby increasing the speed of transfers and lowering their cost by approximately 40%. Ripple

Market

 

Favorable
4.                     CME Group Self-Certifies Bitcoin Futures to Launch Dec. 18 [source: CME Group] December 1, 2017 December 18, 2017 CME Group plans to commence trading in bitcoin futures on December 18. CME Group also presented the course “Introduction to Bitcoin”, on completion of which a certificate will be issued. BTC Uncertain
5.                     Exclusive: CBOE and CME Group Rumoured to be Mulling Ethereum and Litecoin Futures [source: Financemagnates] December 12, 2017 n/a Theoretically, the smooth launch of bitcoin futures and futures tied to other key cryptocurrencies should strengthen cryptocurrencies as an asset class. Market

Ethereum and Litecoin Possible

Favorable
6. Sorry Vitalik but Kik’s Cryptocurrency Moves from Ethereum to Stellar [source: Coinspeaker] December 15, 2017 2018 The popular mobile messenger Kik has announced its intention to switch to the Stellar platform, as it is faster, cheaper, and can be modified for each project separately. This news shows that competitors to Ethereum are emerging that are capable of wooing away potential Ethereum users. ETH

 

Stellar

Favorable (growth in competition)
7. EU Agrees Clampdown on Bitcoin Platforms to Tackle Money Laundering [source: Reuters] December 15, 2017 n/a The EU government has adopted a decision to introduce new rules for cryptocurrency exchanges to prevent money laundering and tax evasion schemes. Pursuant to the new rules, each user of cryptocurrency exchange and online wallets will be required to provide information on his or her identity. This news shows the intention of the EU government to combat violations associated with cryptocurrencies without taking radical measures such as a ban on cryptocurrencies. Market

 

Favorable

* Event will happen in the future (date, year, n/a – not available)

    1.2 Market trends

The weekly cryptocurrency and digital asset market trends from July 2, 2017, to December 17, 2017, are presented as graphs (Fig. 1.1-1.5)*.

Table 1.6. Legends and descriptions of the figures

Global Figures Figure** Description
Total cryptocurrency market capitalization, USD million Fig. 1.1 This figure shows cryptocurrency and digital asset market capitalization trends from July 2, 2017.
The rate of market change (as a % compared to the beginning of the year) Fig. 1.1 This figure shows the % change in cryptocurrency and digital asset market capitalization compared to January 1, 2017.
Change in the market capitalization (in USD million compared to the previous period) Fig. 1.2 This figure shows the weekly change in USD million (increase or decrease) in cryptocurrency and digital asset market capitalization from July 2, 2017.
The rate of market change (as a % compared to the previous period) Fig. 1.2 This figure shows the % of weekly change (increase or decrease) in cryptocurrency and digital asset market capitalization from July 2, 2017.
Number of cryptocurrencies and digital assets Fig.1.3 This figure shows the trends in the increase of the number of cryptocurrencies and digital assets circulating on cryptocurrency exchanges. On January 1, 2017, their number was 617, and as of December 17, 2017, this number had already reached 1,325.
Average market capitalization, USD million Fig. 1.3 This figure reflects the growth in the average cryptocurrency and digital asset market capitalization from July 2, 2017, i.e. the ratio between the market capitalization of all cryptocurrencies and digital assets and their number.
Forecast of total cryptocurrency market capitalization Fig. 1.4, 1.5 This figure shows the time trend (forecast) change in cryptocurrency and digital asset market capitalization.

* Data as of December 18, 2017, 00:00 UTC
** The figures below present average data for 24 hours
Data source: coinmarketcap.com

Figure 1.1. Total cryptocurrency market capitalization**

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-1-1

** Average daily data
For example, at 00:00 UTC on December 10, 2017, cryptocurrency market capitalization equaled $416.9 billion (see Table 1.1), but by 04:00 UTC it had fallen to $363.6 billion, so the average daily value equaled $383 billion. Therefore, average daily values are given in fig. 1.1 (based on the data of coinmarketcap.com).

Figure 1.1 shows a graph of the weekly cryptocurrency market change from July 2, 2017, to December 17, 2017. Over this period, market capitalization increased from $94.7 billion to $590.2 billion, a growth of 3,234% relative to the start of the year. Over the past week (December 11-17, 2017), total market capitalization grew from $383 billion to $590.2 billion (as of December 17, 2017).

 Figure 1.2. Change in market capitalization

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-1-2

Despite the significant growth in cryptocurrency market capitalization in Q3 2017 and over the entire year to date, the market is susceptible to sudden and drastic fluctuations. Significant drops were seen during the week of July 9-16, 2017 (-28%), and over the first two weeks of September (September 3-10 and September 11-17, 2017), when the market lost $25.2 billion (-15.1%) and $20.8 billion (-15%), respectively. The highest growth rate in Q3 was 39% (the week of July 16-23, 2017).

For the third week in a row the weekly growth in market capitalization equaled around $50 billion (from November 19, 2017, to December 10, 2017). Over the past week (December 11-17, 2017), total cryptocurrency market capitalization increased by a record $207.1 billion, or 54% (using average daily data).

 Figure 1.3. Number of cryptocurrencies and digital assets

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-1-3

The total number of cryptocurrencies and digital assets listed on exchanges has grown since July from 881 to 1,325. Their number increased by 51 over the past week alone, from 1,274 to 1,325. Average cryptocurrency and digital asset capitalization increased from $300.6 million to $445.4 million over the analyzed period.

Figures 1.4 and 1.5. Forecast of total cryptocurrency market capitalization

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-1-4

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-1-5

Over the four weeks of October (October 1-29, 2017) the cryptocurrency market grew by $23 billion, from $147 billion to $170 billion, and over the following four weeks of November (October 30-November 26, 2017) it reached $283 billion, i.e. it increased by another $113 billion. During the first two weeks of December (November 27-December 10, 2017) the growth totaled another $100 billion, bringing it to $383 billion (average value on December 10, 2017).

Last week (December 11-17, 2017) was characterized by very significant market growth of 54%, with this growth being driven primarily by altcoins. Bitcoin dominance fell somewhat over the week, from 60.9% to 56.3%.

Overall, the cryptocurrency market grew significantly, with its capitalization increasing by a factor of 33 since the start of the year (from $17.7 billion to $590.2 billion on December 17, 2017).

2. General analysis of the ICO market (by week, month).

    2.1 Brief market overview, news of the week

  • New Class-Action Suit Filed Against Tezos Founders [source: Сoindesk]
  • Class-Action Suit Targets ICO Promoted by Floyd Mayweather, Jr. [source: Сoindesk]
  • Goodbye Ethereum: Kik Plans to Move Its ICO Tokens to Stellar [source: Сoindesk]
  • Kickstarter ICO? Don’t Count On It Says Crowdfunding Leader [source: Сoindesk]
  • Mexican Authorities Call ICOs Illegal, Cryptocurrencies Risky [source: Сryptocoinsnews]
  • Crowdfunding Giant Indiegogo Looks to Make ICOs Mainstream [source: Сryptocoinsnews]
  • Your Utility Token ICO Is Probably a Securities Offering: SEC Chairman [source: Сryptocoinsnews]

    2.2. Aggregated trends and performance indicators of past (completed) ICOs

A set of tools is proposed to assess the trends and performance of successfully completed and/or listed ICOs (see Table 2.1).

Table 2.1. Tools to assess the market performance of successfully completed and/or listed ICOs

Indicator Description
Average collected funds (ACF) Average amount of funds collected per ICO project over the period (month, quarter, year).
Average token performance (ATP)

 

Average performance of funds spent on buying tokens or average ratio between the current token price and token sale price over the period (month, quarter, year), i.e. the average reward per $1 spent on buying tokens during the token sale, if they are traded on exchanges for USD.
Weighted average current reward on ICO funds (WACRF) Average weighted current performance of funds spent on buying tokens over the period (month, quarter, year). This indicator is similar to the previous indicator Average token performance (ATP), but is calculated taking into consideration the weight of the indicator. The parameter “average collected funds” (ACF) is used as a weight.
Weighted average monthly reward on ICO funds (WAMRF) Average weighted monthly performance of funds spent on buying tokens over the period (month, quarter, year). This indicator is similar to the previous indicator, Weighted average current reward on ICO Funds (WACRF), but is calculated based on recalculated average monthly performance.

 

Table 2.2. Aggregated trends and performance indicators of past (completed) ICOs4

Indicator September

2017

October

2017

November

2017

December 1-

10, 2017

December 11-

17, 2017 г.

Total amount of funds collected, USD million1 802.9 822.6 683.5 304.2 345.9
Number of companies that completed an ICO1 48 72 50 22 18
Maximum collected, USD million (ICO name) 257

(Filecoin)

144.3 (Polkadot) 108.2

(QASH)

52.0 (Blockstack) 60.0

(Nebulas)

Average collected funds, USD million 16.7 11.4 13.7 13.8 19.2
Max token reward (ICO name) 6.86x

(ICON)

8.11x (Electroneum) 7.99x

(Genesis Vision)

3.21х (SmartMesh) n/a
Average token reward (ATR)2 1.94x 1.89x 2.72x 2.30x n/a
Weighted average current reward on funds (WACRF)3 1.83x 2.08x 2.76x 2.89x n/a

Notes:
1 Data source: tokendata.io, icodrops.com, coinschedule.com. Only popular and/or successfully completed ICOs (i.e. ICOs which managed to collect the minimum set amount of funds) and/or ICOs listed on exchanges were considered. For some ICOs information may currently be incomplete (for instance, the amount of funds collected).
2 Average token reward for ICO projects was calculated for August-November as of December 2, 2017. Consequently, token reward or the ratio between the current token price and the token sale price, i.e. the average reward per USD 1 spent on tokens during the token sale, if they are subsequently listed for USD on a cryptocurrency exchange, is $2.72 for projects completed in November 2017. To calculate this ratio, the authors used the data from 50 ICOs completed between November 1 and December 1, 2017. The maximum token reward for projects completed in November was 7.99x for the Genesis Vision ICO (based on the assessment made on December 2, 2017).
3 Weighted average current reward on funds (WACRF) is an indicator similar to Average token reward (ATR), but takes into consideration the weight of the amount of funds collected through an ICO (see the Glossary).
4 The data for many ICOs completed after December 1, 2017, are incomplete or non-existent.

The data since the start of December (December 1-10, 2017) were adjusted to account for the appearance of more complete information on past ICOs. In all, the total amount of funds collected equaled $304.2 million. Last week (December 11-17, 2017) the amount of funds collected via ICOs equaled 345.9 million. This amount includes the results of the 18 most successful completed ICOs, with the largest amount collected equaling around $60 million (Nebulas ICO). The average amount of funds collected per project was $19.2 million. More detailed information on the 18 ICOs completed last week is given in Table 2.5.

   2.3. Aggregated indicators to assess the market of active and planned ICOs

Table 2.3. Aggregated indicators to assess the market of active and planned ICOs

Indicator Value 
The number of projects conducting an active ICO as of the current date (December 17, 2017) 269
The number of projects planning an ICO as of the current date (December 17, 2017) 267
The number of projects planning an ICO between December 18-24, 2017 10

Data source: tokendata.io, coinschedule.com, coingecko.com, icodrops.com, smithandcrown.com and icoalert.com

The number of projects conducting active ICOs as of December 17, 2017, is 269. There is presently information available on at least 267 planned ICOs to be conducted after December 17, 2017, including more than 10 ICOs which will start next week.

   2.4. Quantitative analysis of the ICO market

       1. Amount of funds collected and number of ICOs

Table 2.4. Amount of funds collected and number of ICOs

Month Collected, $ million Number of ICOs* Average collected, $ million
January 4.5 3 1.5
February 9.7 5 1.94
March 4.7 3 1.57
April 127.8 17 7.52
May 168.4 16 10.53
June 995.2 30 33.17
July 461.3 29 15.91
August 330.0 35 9.43
September 730.3 45 16.23
October 794.2 68 11.7
November 683.5 50 13.7
December 1-10, 2017 304.2 22 13.8
December 11-17, 2017 345.9 18 19.2
Total 5060.7 348 14.5

* Information on funds collected is not available for all ICOs (information for last week is tentative and may be adjusted).

 

Table 2.4 shows that the greatest amount of funds was collected via ICOs in June 2017. In that month, the average collected funds per ICO equaled $33.17 million.

The data for last week (December 11-17, 2017) may be adjusted as information on the amounts of funds collected by completed ICOs is finalized.

Figure 2.1. Trends in funds collected and number of ICOs since the start of the year

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-2-1

        2. Top ICOs

Table 2.5. Top 18 ICOs in terms of the amount of funds collected (December 11-17, 2017)

Name of ICO*** Category** Collected, $ million Date
1 Nebulas Infrastructure* 60 December 16, 2017
2 Naga Finance* 45.3 December 15, 2017
3 DreamTeam Gaming & VR* 45 December 15, 2017
4 Wala Finance* 30.0 December 11, 2017
5 SophiaTX Infrastructure* 22 December 17, 2017
6 Medibloc Drugs & Healthcare* 21.2 December 15, 2017
7 Bread Payments 20 December 16, 2017
8 UPToken Finance* 18.9 December 15, 2017
9 GUTS Tickets Events & Entertainment* 17.5 December 13, 2017
10 NeuFund Trading & Investing* 14.8 December 17, 2017
11 Coinlancer Infrastructure* 11.9 December 16, 2017
12 DeepBrain Chain Machine Learning & AI* 11.8 December 15, 2017
13 GIFTO Infrastructure* 10 December 14, 2017
14 Protos Trading & Investing* 5.7 December 15, 2017
15 Aigang Finance* 4.1 December 15, 2017
16 VLB Token Infrastructure* 3.5 December 17, 2017
17 Clout Infrastructure* 2.6 December 17, 2017
18 Bounty0x Infrastructure* 1.6 December 16, 2017
  Total collected funds 345.9  
  Average collected funds, $ 19.2  

* The category was established based on expert opinions.
** When compiling the lists of top ICOs, information from the websites tokendata.io, icodrops.com, coinschedule.com and other specialized sources was used. The ICO project categories correspond to the information from the website coinschedule.com. If there is no information on the website concerning the project category at the time of compilation of this analytical report, the category is determined by experts.
*** Only popular and/or successfully completed ICOs (i.e. ICOs which managed to collect the minimum set amount of funds) and/or ICOs listed on exchanges were considered. Information may be incomplete for some ICOs (for instance, the amount of funds collected).

Table 2.5 shows the top 18 ICOs which were successfully completed during the past week (December 11-17, 2017). The leader was the Nebulas project, which is a decentralized search platform for blockchain. The ICO was built on the principles of the value of information, self-development and incentivization. Traditional tools will also be sold under the project: smart contracts, a domain name system, wallets, etc.

Figure 2.2 presents the ten largest ICOs completed during the past week of December 2017.

Figure 2.2. Top 10 ICOs in terms of the amount of funds collected (December 11-17, 2017)

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-2-2

         3. Top ICOs in their categories

The list of top ICOs for the week includes the following categories of ICO projects.

Table 2.6. Top 10 ICOs in terms of the amount of funds collected, Infrastructure category

Name of ICO Category** Collected, $ million Date Token performance
1 Tezos Infrastructure 232.3 July 13, 2017 n/a
2 EOS Infrastructure 185 July 1, 2017 8.53х
3 The DAO Infrastructure 168 May 28, 2016 n/a
4 Bancor Infrastructure 153 June 12, 2017 1.06x
5 Polkadot Infrastructure* 144.3 October 27, 2017 n/a
6 Kin Infrastructure 97 September 26, 2017 1.48x
7 Status Infrastructure 90 June 20, 2017 4.93x
8 Nebulas Infrastructure* 60 December 16, 2017 n/a
9 Blockstack Infrastructure* 52 December 1, 2017 n/a
10 ICON Infrastructure 42.8 September 20, 2017 n/a

* The category was established based on expert opinions.
** When compiling the lists of top ICOs, information from the websites tokendata.io, icodrops.com, coinschedule.com and other specialized sources was used. The ICO project categories correspond to the information from the website coinschedule.com. If there is no information on the website concerning the project category at the time of compilation of this analytical report, the category is determined by experts.
*** The projects in the Top 10 of this category completed in December 2017 are highlighted in red.

Table 2.6 lists the top 10 ICOs in the Infrastructure category. Nearly all of these projects were performed in 2017. The highest token performance indicator, i.e. the ratio of current token price to token sale price, is 8.53x for the EOS ICO. Its current market capitalization equals more than $4.6 billion.

Figure 2.3. Top 10 ICOs in terms of the amount of funds collected, Infrastructure category

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-2-3

The ratings of ICOs in the Finance and Gaming & VR categories are given below.

Table 2.7. Top 10 ICOs in terms of the amount of funds collected, Finance category

  Name of ICO Category Collected, $ million Date Token performance
1 KyberNetwork Finance 48.0 September 15, 2017 6.80x
2 Naga Finance* 45.3 December 15, 2017 n/a
3 PeerBanks Finance 42.6 September 22, 2017 n/a
4 Polybius Finance 31.7 July 5, 2017 0.52x
5 Wala Finance* 30 December 11, 2017 n/a
6 Bankera Pre-ICO Finance 29.6 September 19, 2017 n/a
7 Everex Finance 26.5 August 31, 2017 1.00x
8 LAToken Finance 19.6 October 10, 2017 0.66x
9 UPToken Finance* 18.9 December 15, 2017 n/a
10 CoFound.it Finance 14.8 June 6, 2017 1.63x

* The category was established based on expert opinions.
** The projects in the Top 10 of this category completed in December 2017 are highlighted in red.

At present, all projects from the top 10 in the Finance category have a token performance indicator of 1x to 6.8x. The exchange listing of the KyberNetwork ICO can be considered one of the most successful, as this project has a current token price to token sale price ratio of 6.8x. When considering this indicator, it is important to remember that the KyberNetwork ICO was completed on September 15, 2017, i.e. the 6.8x growth took place over approximately three months, and the market capitalization of KyberNetwork currently exceeds $370 million.

Figure 2.4. Top 10 ICOs in terms of the amount of funds collected, Finance category

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-2-4

 

Table 2.8. Top 10 ICOs in terms of the amount of funds collected, Gaming & VR category

  Name of ICO Category Collected, $ million Date Token performance
1 MobileGO Gaming & VR 53.1 May 24, 2017 0.86x
2 DreamTeam Gaming & VR* 45 December 15, 2017 n/a
3 Decentraland Gaming & VR 26.2 August 17, 2017 2.51x
4 DMarket Gaming & VR 19 August 21, 2017 n/a
5 Enjin Pre-Sale Gaming & VR 10.8 September 18, 2017 1.49x
6 Playkey Gaming & VR 10.5 December 1, 2017 n/a
7 GameCoin Gaming & VR 8.9 September 29, 2017 n/a
8 NEVERDIE & TELEPORT Gaming & VR 6.1 August 31, 2017 n/a
9 FirstBlood Gaming & VR 5.5 September 25, 2016 5.55x
10 SportyFi Gaming & VR* 5.1 December 10, 2017 n/a

* The category was established based on expert opinions.
** The projects in the Top 10 of this category completed in December 2017 are highlighted in red.

Table 2.8 shows the top 10 ICOs in the Gaming & VR category. Half of the projects presented are selling their tokens on cryptoexchanges. The capitalization of the leader in this category (the MobileGO project) is currently $65.5 million.

Figure 2.5. Top 10 ICOs in terms of the amount of funds collected, Gaming & VR category

weekly-cryptocurrency-and-ico-market-analysis-december-11-17-2017-figure-2-5

Over the past period (December 11-17, 2017), 18 ICO projects were successfully completed, each of which collected more than $100,000, with a total amount of funds collected of at least $345.9 million. The week’s leader was the Nebulas project ($60 million). The total amount of funds collected by a number of ICOs failed to reach even the $100,000 mark (the information for some projects is still being finalized).

The Glossary is given in Annex 1.

Annex 1Glossary

 

Key terms Definition
Initial coin offering, ICO A form of collective support of innovative technological projects, a type of presale and attracting of new backers through initial coin offerings to future holders in the form of blockchain-based cryptocurrencies (tokens) and digital assets.
Market capitalization Value of an asset calculated based on its current market (exchange) price. This economic indicator is used to assess the total aggregate value of market instruments, players, and markets. [Source: https://en.wikipedia.org].
Cryptocurrency market capitalization Aggregate market value of cryptocurrencies circulating on the market.
Total cryptocurrency market capitalization Cryptocurrency and digital asset market capitalization, i.e. the aggregate market value of all cryptocurrencies and digital assets circulating on the market.
Token reward Token performance (current token price / token sale price during the ICO), i.e. the reward per $1 spent on buying tokens.
Dominance Market share, i.e. the ratio of market capitalization of a particular cryptocurrency (token) to total cryptocurrency market capitalization. Expressed as a %.
Token sale price

Current token price

Token sale price during the ICO.

Current token price.

Not Mineable

 

A coin that is not mineable. The term is used for cryptocurrencies (tokens) which cannot be mined or issued through mining.
Pre-mined A pre-mined coin. The term is used for cryptocurrencies (tokens) which are issued through mining, and a certain number of coins (tokens) have been created and distributed among certain users at the start of the project.
The rate of market increase (as a % compared to the beginning of the year) The rate of market increase (as a % compared to the start of the year), i.e. by how many % points did market capitalization increase compared to the start of the year.
The growth rate of the market (as a % compared to the beginning of the year) The market growth (as a % compared to the start of the year), i.e. by how many times did market capitalization grow compared to the start of the year.
Increase in market capitalization (in USD million compared to the previous period) Increase in cryptocurrency and digital asset market capitalization (in USD million compared to the previous period), i.e. by how many USD million did market capitalization increase over the period.
The rate of market increase (as a % compared to the previous period) Rate of market increase (as a % compared to the previous period), i.e. by how many % points did market capitalization increase over the period.
The market growth rate (as a % compared to the previous period) Market growth rate (as a % compared to the previous period), i.e. by how many times did market capitalization grow compared to the previous period.
Number of cryptocurrencies and digital assets Number of cryptocurrencies and digital assets. At the time when this glossary was compiled over 1,070 cryptocurrencies and digital assets were circulating on the market.
Average market capitalization Average market capitalization, i.e. the ratio of the market capitalization of all cryptocurrencies and digital assets to their number.
Token return Performance of funds spent on buying tokens or the ratio of the current token price to the token sale price, i.e. performance of $1 spent on buying tokens during the token sale, if listed on an exchange for USD.
ETH reward – current dollar value of $1 spent on buying tokens during the token sale Alternative performance indicator of funds spent on buying tokens during the ICO or the ratio of the current ETH rate to its rate at the start of the token sale, i.e. if instead of buying tokens $1 was spent on buying ETH at its rate at the start of the token sale and then it was sold at the current ETH rate.
BTC reward– current dollar value of $1 spent on buying tokens during the token sale Similar to the above: Alternative performance indicator of funds spent on buying tokens during the token sale, i.e. if instead of buying tokens $1 was spent on buying BTC at its rate at the start of the token sale and then it was sold at the current BTC rate.
Token/ETH reward This ratio describes the backer’s economic benefits and disadvantages resulting from buying tokens during the token sale relative to buying ETH. If the result is over 1, the backer spent his funds more efficiently on buying tokens than if he were to have spent his funds on ETH.
Token/BTC reward This ratio describes the backer’s economic benefits and disadvantages resulting from buying tokens during the token sale relative to buying BTC. If the result is over 1, the backer spent his funds more efficiently on buying tokens than if he were to have spent his funds on BTC.
ZAK-n Crypto index The index is calculated as a percentage and represents a ratio between the 24-hour trading volume (transactions) on cryptocurrency exchanges per day (Volume 24h) for n dominant cryptocurrencies to their total market capitalization.

ZAK-4 Crypto index calculations include four dominant cryptocurrencies with the greatest market capitalization: Bitcoin, Ethereum, Bitcoin Cash, and Ripple.

ZAK-8 Crypto index calculations include the trading volume and market capitalization for eight cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, DASH, Cardano, and IOTA.


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