Please check out our report delving into crypto market changes over 2017-2018, with special emphasis laid on the period April 2-8, 2018.

Information as of April 9, 2018

This report was created by:

This report presents data on the cryptocurrency market changes during 2017-2018. Special emphasis has been placed on an analysis of the changes that have taken place in early April 2018.

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 capitalization of the cryptocurrency market and main cryptocurrencies from January 1, 2018, to April 8, 2018*

Parameter 1-Jan-18 1-Feb-18 MoM, % 1-Mar-18 MoM, % 1-Apr-18 MoM, % 8-Apr-18 DoD, %
1 Total market capitalization, USD billion 612.9 517.2 -15.6% 440.0 -14.9% 263.9 -40.0% 260.0 -1.5%
2 Altcoin market capitalization, USD billion 376.2 344.8 -8.3% 264.6 -23.3% 145.2 -45.1% 142.6 -1.8%
Altcoin dominance, % 61.4% 66.7% 60.1% 55.0% 54.8%
3 Bitcoin price, $ 14 112.2 10 237.3 -27.5% 10 385.0 1.4% 7 003.1 -32.6% 6 920.0 -1.2%
Bitcoin market capitalization, USD billion 236.7 172.4 -27.2% 175.4 1.8% 118.7 -32.3% 117.4 -1.1%
Bitcoin dominance, % 38.6% 33.3% 39.9% 45.0% 45.2%
4 Ethereum price, $ 755.8 1 119.4 48.1% 856.0 -23.5% 397.3 -53.6% 385.7 -2.9%
Ethereum market capitalization, USD billion 73.1 109.0 49.1% 83.8 -23.1% 39.1 -53.3% 38.1 -2.8%
Ethereum dominance, % 11.9% 21.1% 19.0% 14.8% 14.6%
5 Bitcoin Cash price, $ 2 534.8 1 491.1 -41.2% 1 204.8 -19.2% 688.0 -42.9% 640.9 -6.8%
Bitcoin Cash market capitalization, USD billion 42.8 25.3 -41.0% 20.5 -19.0% 11.7 -42.7% 10.9 -6.8%
Bitcoin Cash dominance, % 7.0% 4.9% 4.7% 4.4% 4.2%
6 Litecoin price, $ 231.7 163.7 -29.3% 203.1 24.1% 116.9 -42.4% 116.3 -0.5%
Litecoin market capitalization, USD billion 12.6 9.0 -28.8% 11.3 25.0% 6.5 -42.0% 6.5 -0.3%
Litecoin dominance, % 2.1% 1.7% 2.6% 2.5% 2.5%
7 Volume (24h) 4 crypto, USD billion 15.7 17.3 10.2% 10.1 -41.4% 6.4 -36.9% 4.9 -22.9%
Market cap 4 crypto, USD billion 441.6 351.6 -20.4% 315.1 -10.4% 189.7 -39.8% 185.5 -2.2%
ZAK-4 Crypto index 3.6% 4.9% 3.2% 3.4% 2.7%
4 crypto dominance, % 72.0% 68.0% 71.6% 71.9% 71.3%
8 Volume (24h) 8 crypto, USD billion 17.2 19.0 10.2% 11.3 -40.3% 7.2 -36.3% 5.4 -25.7%
Market cap 8 crypto, USD billion 488.6 393.4 -19.5% 349.3 -11.2% 208.7 -40.2% 204.2 -2.2%
ZAK-8 Crypto index 3.5% 4.8% 3.2% 3.5% 2.6%
8 crypto dominance, % 79.7% 76.1% 79.4% 79.1% 78.5%

* Data as of April 8, 2018 (all figures calculated at 03:00 UTC)
** Since December 1, 2017, the ZAK-4 index has been calculated using the cryptocurrencies Bitcoin, Ethereum, Ripple, and Bitcoin Cash.
*** When calculating the ZAK-8 index, the cryptocurrencies with the largest capitalization are used. At present (April 8, 2018), the cryptocurrencies Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, Stellar, and EOS are used to calculate the ZAK-8 index.
Data source: coinmarketcap.com, https://www.smithandcrown.com

Since the beginning of April cryptocurrency market capitalization has fallen slightly, and equaled $260 billion as of 03:00 UTC on April 8 (see Table 1.1, fig. 1).

The dominance of the four and eight largest cryptocurrencies as of 03:00 UTC on April 8, 2018, equaled 71.3% and 78.5%, respectively, with bitcoin dominance increasing to 45.2% (see Table 1.1).

Figure 1. Cryptocurrency market capitalization since April 2, 2018

weekly-cryptocurrency-analysis-april-2-8-2018-figure-1

Data source: coinmarketcap.com

From April 1-3 the market grew by $40 billion due to an increase in equal proportions of bitcoin and altcoin capitalization by $20 billion each, however on April 4, 2018, the market again dropped by $36 billion (mainly due to a fall altcoin capitalization by $20 billion).

During the period from April 2-8, 2018, cryptocurrency prices fluctuated in a range from -57% (Mithril) to +173% (Bitcoin Atom). A price increase was seen for 268 of the top 500 cryptocurrencies and digital assets. Overall, cryptocurrency market capitalization did not change significantly last week.

Over the past week the number of cryptocurrencies with a capitalization of more than $1 billion held steady at 19, with the prices of these currencies fluctuating from -6.76% (IOTA) to +12.82% (Binance Coin).

The coins and tokens from the top 100 that demonstrated the largest growth in prices are given in fig. 2.

The rise and fall of cryptocurrency prices over the past week (April 2-8, 2018)

The prices of some cryptocurrencies may fluctuate from -50% to +50% over the course of a single day. Therefore, when analyzing cryptocurrency price trends, it is advisable to use their average daily amounts on various cryptoexchanges.

Below we consider the 10 cryptocurrencies that demonstrated the most significant change in price over the past week (fig. 2-3). In this regard, only those coins and tokens included in the top 100 in terms of market capitalization (according to the data of coinmarketcap.com) were considered.

Figure 2. Largest growth in prices over the past week

weekly-cryptocurrency-analysis-april-2-8-2018-figure-2

Data source: coinmarketcap.com
The change in price was calculated based on average daily data

Tables 1.2 and 1.3 show the possible factors or events that might have influenced the fluctuation in prices for certain cryptocurrencies. Table 1.4 shows the possible factors or events that might have influenced the cryptocurrency market in general.

Table 1.2. Factors or events that might have led to a growth in cryptocurrency prices over the past week

Coins and tokens Symbol Price growth over the week, % Average price in $ on April 8, 2018 Market capitalization, USD billion Factors or events that might have led to a growth in cryptocurrency prices over the past week
1 Ontology ONT 73.72% $3.59 0.87 Ontology announced on its official Twitter account (Twitter) the start of work with Venture Capital Cooperation to create a network of new generation blockchains.

The price of Verge grew based on the news of its forthcoming partnership (“secret partnership” with Amazon). (Twitter)

There were many positive news items concerning IOStoken this week. The week started with its listing on the lesfex.com exchange (Twitter), followed by an announcement of its partnership with Robert Neivert and subsequent listing on Bitfinex.

The Elastos price increased on the back of news on April 7 (Twitter) on the conclusion of partnership arrangements with Far Eastern Air Transport. Now Elastos tokens can be used to pay for plane tickets on the airlines, hotels and other travel expenses.

This week Decred was added to the coins supported by Trezor wallets, leading to increased interest in this coin.

The other coins did not demonstrate significant growth, moving in line with market trends.

You will recall that Steem is a social network platform based on blockchain technology, where each participant can earn rewards for the creation of content.

Particl is an improved digital asset with Shadow Cash functionality based on the Bitcoin blockchain

Aelf is a digital token platform that works to create sites capable of uniting decentralized applications in one place.

Lisk is a platform that could become a springboard for the creation and development of many decentralized applications based on blockchain technology.

WAX is a digital token and the first decentralized platform that allows gamers to trade in virtual goods. The fifth largest cryptocurrency exchange in the world, Bitfinex, added 12 new tokens to its platform, including WAX

2 Verge XVG 63.02% $0.063668 0.95
3 IOStoken IOST 46.74% $0.034338 0.29
4 Elastos ELA 35.16% $36.78 0.18
5 Decred DCR 26.96% $50.16 0.36
6 Steem STEEM 25.26% $1.88 0.48
7 Particl PART 24.10% $11.97 0.11
8 aelf ELF 19.04% $0.634621 0.16
9 Lisk LSK 17.72% $8.80 0.91
10 WAX WAX 16.94% $0.164414 0.10

 

A depreciation in price was seen for 232 coins and tokens from the top 500 cryptocurrencies and digital assets by capitalization over the past week. The ten cryptocurrencies from the top 100 that suffered the most noticeable drops in price are shown in fig. 3.

Figure 3. Largest fall in prices over the past week

weekly-cryptocurrency-analysis-april-2-8-2018-figure-3

Table 1.3. Factors or events that might have led to a fall in cryptocurrency prices over the past week

Coins and tokens Symbol Fall in price over the week, % Average price in $ on April 8, 2018 Market capitalization, USD billion Factors or events that might have led to a fall in cryptocurrency prices over the past week
1 Veritaseum VERI 32.33% $96.66 0.20 Veritaseum continued its downward price adjustment after its jump of more than 100% in late March, with its price falling again to $97 by the end of the week.

The Kin price suffered this week from a spate of hacker attacks and fraudulent schemes aimed at swindling the cryptocurrency from users (https://twitter.com/kin_foundation/status/980809237826646016)

The prices of the other coins did not fall sharply, moving in line with market trends.

Waltonchain is a Chinese blockchain project designed to track physical objects on blockchain using RFID technology.

Revain is a unit of settlement between users on the global platform for registering comments of clients on a certain organization or company.

The Storm platform is a meeting place for clients and contractors. In other words, Storm is a freelance exchange. A slight downward adjustment took place after the price tripled on March 23-24.

The main distinguishing feature of the Hshare cryptocurrency is the use of a hybrid management model, meaning that it combines two types of mining (POW and POS).

Qash (QASH) is a specially created digital currency that will be used as a unit of payment on the Liquid platform.

DigixDAO is a platform based on the Ethereum blockchain for tokenization of real assets on the specific example of gold.

The Aeternity project is a decentralized platform that will be distinguished by its transaction capacity, smart contracts, and sets of oracles.

The special feature of the IOTA project is the Tangle technology underlying its work. The advantage of this technology is its transaction confirmation speed, which increases together with the increase in network participants.

2 Kin KIN 29.89% $0.000129 0.10
3 Waltonchain WTC 11.50% $8.72 0.22
4 Revain R 11.26% $0.761308 0.14
5 Storm STORM 10.81% $0.028253 0.12
6 Hshare HSR 10.16% $5.22 0.22
7 QASH QASH 9.56% $0.544902 0.19
8 DigixDAO DGD 9.43% $215.13 0.43
9 Aeternity AE 7.24% $1.40 0.33
10 IOTA MIOTA -6.76% $0.998861 2.78

Data source: coinmarketcap.com
The change in price was calculated based on average daily data

Table 1.4 shows events that took place from April 2-8, 2018, that had an impact on both the prices of the dominant cryptocurrencies and the market in general, with an indication of their nature and type of impact.

Table 1.4. Key events of the week having an influence on cryptocurrency prices, April 2-8, 2018

Factors and events

(link to source)

Date of news Description Nature of impact Type of impact
1.                  Sinochem Pilots Blockchain for Gasoline Export Shipment – Xinhua [source: Reuters] April 2, 2018 A branch of Chinese State Corporation Sinochem working in the oil & gas industry performed the first delivery of gasoline from China to Singapore relying exclusively on blockchain technology. Market ⇑ Favorable
2.                  Huobi Enters South Korean Market With 100 Coins on Offer [source: Financemagnates.com] April 2, 2018 The Chinese cryptocurrency platform Huobi officially announced the start of its work in South Korea. The company launched trading in 100 digital currencies. Market ⇑ Favorable
3.                  Hacked Verge Token Takes A Price Hit [source: Coindesk] April 5, 2018 A hacker exploited a bug that allowed him to mine one block every second, instead of one every 30 seconds. According to estimates, the hacker was able to mine cryptocurrency worth more than $1 million in three hours. Verge ⇓ Unfavorable
4.                  Fed Sure that Cryptos are No Threat [source: Medium.com] April 5, 2018 Lael Brainard, a member of the Board of Governors of the Federal Reserve System (FRS), has announced that at present cryptocurrencies do not pose a threat to the stability of the US economy. Market ⇑ Favorable
5.                  George Soros Prepares to Trade Cryptocurrencies [source: Bloomberg] April 6, 2018 Despite calling cryptocurrencies a bubble, George Soros’s fund has decided to begin trading in cryptocurrencies. Market ⇑ Favorable
6.                  Japan’s FSA Orders Two Cryptocurrency Exchanges to Halt Business [source: Asia.nikkei.com] April 6, 2018 The Japanese financial regulator (FSA) has suspended the work of two cryptoexchanges after the inspections commenced in January after the hacker attack on the large cryptoexchange Coincheck. Market ⇓ Unfavorable
7.                  Japan’s Monex to Buy Coincheck for $34 Million, Eyes Future IPO [source: uk.reuters.com] April 6, 2018 The deal is scheduled to be closed on April 16. Monex Managing Director and Chief Operating Officer Toshihiko Katsuya will take over as the CEO of Coincheck. The deal will give Monex access to Coincheck’s trading platform and client base. Market ⇑ Unfavorable

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, 1.5.a, and 1.5.b. In early April the 24-hour trading volumes (Volume 24h) for the four dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple) equaled from $4.9 billion to $7.7 billion (Table 1.5.a). The value of the daily ZAK-4 Crypto fluctuated from 2.7% to 4.1% of capitalization. The highest trading volume was seen on April 3-5.

Table 1.5.a. Daily ZAK-4 Crypto index calculation (from April 1, 2018, to April 8, 2018)

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 %
Apr 8, 2018 6 920 3.7 117.4 386 0.9 38.1 641 0.2 10.9 0.49 0.1 19.1 4.9 185.5 2.7%
Apr 7, 2018 6 631 4.0 112.5 370 1.0 36.5 611 0.2 10.4 0.48 0.2 18.6 5.4 178.1 3.0%
Apr 6, 2018 6 816 3.8 115.6 383 1.0 37.8 642 0.2 10.9 0.49 0.2 19.3 5.2 183.6 2.8%
Apr 5, 2018 6 849 5.6 116.1 380 1.2 37.5 649 0.2 11.1 0.50 0.4 19.6 7.5 184.3 4.0%
Apr 4, 2018 7 456 4.9 126.4 416 1.3 41.1 710 0.3 12.1 0.55 0.4 21.7 6.9 201.3 3.4%
Apr 3, 2018 7 102 5.5 120.4 387 1.4 38.2 664 0.3 11.3 0.50 0.6 19.6 7.7 189.5 4.1%
Apr 2, 2018 6 845 4.3 116.0 380 1.1 37.4 644 0.3 11.0 0.49 0.3 19.0 6.0 183.5 3.3%
Apr 1, 2018 7 003 4.5 118.7 397 1.3 39.1 688 0.3 11.7 0.51 0.3 20.1 6.4 189.7 3.4%

* Data as of April 8, 2018, 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, Stellar, EOS, and Cardano) equaled $6.8 billion by the end of last week (Table 1.5.b), i.e. 2.6% of their market capitalization, which attests to a fall in activity on cryptoexchanges. The ZAK-4 Crypto and ZAK-8 Crypto indices are considered in more detail in Tables 1.5.a and 1.5.b.

Table 1.5.b. Daily ZAK-8 Crypto index calculation (continuation of Table 1.5.а)

Crypto Stellar (XLM) Cardano (ADA) EOS (EOS) 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 %
Apr 8, 2018 0.20 0.02 3.7 0.149 0.05 3.9 5.9 0.17 4.6 116 0.19 6.5 5.4 204.2 2.6%
Apr 7, 2018 0.19 0.03 3.6 0.145 0.05 3.8 5.9 0.22 4.6 113 0.21 6.3 5.9 196.3 3.0%
Apr 6, 2018 0.20 0.03 3.7 0.148 0.05 3.8 6.4 0.45 4.9 119 0.23 6.6 5.9 202.7 2.9%
Apr 5, 2018 0.21 0.05 3.8 0.156 0.11 4.0 5.7 0.54 4.4 118 0.29 6.6 8.4 203.2 4.2%
Apr 4, 2018 0.23 0.06 4.3 0.171 0.15 4.4 6.1 0.26 4.7 134 0.38 7.5 7.8 222.3 3.5%
Apr 3, 2018 0.23 0.08 4.2 0.158 0.16 4.1 5.9 0.31 4.5 120 0.38 6.7 8.7 209.0 4.1%
Apr 2, 2018 0.21 0.07 3.8 0.152 0.10 3.9 5.7 0.31 4.3 115 0.27 6.4 6.7 202.0 3.3%
Apr 1, 2018 0.21 0.04 3.9 0.157 0.10 4.1 6.0 0.40 4.6 117 0.27 6.5 7.2 208.7 3.5%

Table 1.6 gives a list of events, information on which appeared last week, which could impact both the prices of specific cryptocurrencies and the market in general.

Table 1.6. Events that could have an influence on cryptocurrency prices in the future

 

Factors and events

(link to source)

Date of news Description Nature of impact Type of impact
1. South Korea Plans to Announce Cryptocurrency Tax Framework by End of June [source: Coinspeaker] April 2, 2018 The South Korean Ministry responsible for taxation has announced its intention to collect taxes on cryptocurrency starting in June. Uncertain
2. Ethereum Community Considers Hard Fork To Fight ASIC Miners [source: Cointelegraph] April 3, 2018 Rumors have been circulating for the last week that Bitmain, the Chinese manufacturer of ASIC miners, is planning to begin selling ASIC miners compatible with Ethereum, which was previously protected from ASIC miners. This prompted the developers of Ethereum to begin a community-wide discussion on a hard fork ETH Unfavorable
3. Seoul Joins Cities and Nations Planning to Launch Own Cryptocurrency [source: Telegraph.co.uk] April 4, 2018 The Mayor of Seoul has stated that the launch of the capital’s own cryptocurrency, S-Coin, is possible. This cryptocurrency could be used to finance programs to improve the standard of living. Market ⇑ Favorable

 

    1.2 Market trends

The weekly cryptocurrency and digital asset market trends from December 31, 2017, to April 8, 2018, are presented as graphs (Fig. 1.1-1.5)*.

Table 1.7. Legends and descriptions of the graphs

Global Figures Figure** Description
Total cryptocurrency market capitalization, USD million Fig. 1.1 This figure shows cryptocurrency and digital asset market capitalization trends from October 1, 2017.
The rate of market change (as a % to the beginning of 2017) 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 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 October 1, 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 October 1, 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 April 8, 2018, this number had already reached 1,531.
Average market capitalization, USD million Fig. 1.3 This figure reflects the growth in the average cryptocurrency and digital asset market capitalization from October 1, 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 April 8, 2018, 00:00 UTC
** NB! Average daily data are given in the graphs below. For this reason, the figures in the graphs may differ from the data in Table 1.1, where all figures were calculated at 03:00 UTC.
These differences in the values may be significant during periods of high cryptocurrency market volatility.

Figure 1.1. Total cryptocurrency market capitalization*

weekly-cryptocurrency-analysis-april-2-8-2018-figure-1-1

Data source: coinmarketcap.com
* Average daily data (according to the data of coinmarketcap.com).

Figure 1.1 shows a graph of the weekly cryptocurrency market change from December 31, 2017, to April 8, 2018. Over this period, market capitalization was more than halved, from $572.5 billion to $262 billion, i.e. from 100% to 46%. Therefore, for the most part in 2018 traders have only been able to receive benefits by playing the bear market (betting on a fall in cryptocurrency prices). Last week (April 2-8, 2018) cryptocurrency market capitalization increased slightly from $259.6 billion to $262 billion (as of April 8, 2018, based on the average figures from coinmarketcap.com).

 Figures 1.2. Change in market capitalization

weekly-cryptocurrency-analysis-april-2-8-2018-figure-1-2

The market is susceptible to sudden and drastic fluctuations. During the first week of January, market capitalization increased by approximately $250 billion, or 44%. The largest weekly fall in the first quarter of 2018 equaled $136 billion, or 23%, during the week of January 28-February 4, 2018.

Nine of the thirteen weeks in the first quarter of 2018 were “in the red”, i.e. capitalization fell based on the results of each of these weeks. Last week the market grew by $2.4 billion, or 1% (with due account of average daily data, see fig. 1.2).

Figure 1.3. Number of cryptocurrencies and digital assets

weekly-cryptocurrency-analysis-april-2-8-2018-figure-1-3

Data source: coinmarketcap.com

Since December 31, 2017, the total number of cryptocurrencies and digital assets considered when calculating market capitalization has increased from 1,335 to 1,531. Their number decreased by 17 from 1,548 to 1,531 over the last week, and average capitalization equaled $171.1 million. Over the past month, 49 new coins and tokens have appeared on coinmarketcap.com, but it should be noted that a number of other coins and tokens were also excluded from the list.

Figures 1.4 and 1.5. Forecast of total cryptocurrency market capitalization

weekly-cryptocurrency-analysis-april-2-8-2018-figure-1-4

weekly-cryptocurrency-analysis-april-2-8-2018-figure-1-5

Banks and financial structures are not only starting to actively implement blockchain technology for financial transfers and other internal needs, but are also continuing to cooperate with the crypto industry and to purchase large cryptoexchanges.

Circle, which has Goldman Sachs among its investors, acquired the Poloniex cryptoexchange, and through its “partnership relations” with Barclays Bank the cryptoexchange Coinbase was ensured the receipt of a British E-money license for work in the United Kingdom and 23 EU countries.

Coinbase will become one of the most legal exchanges in Europe, as it has managed to meet all the requirements of the FCA with the ability to calculate taxes for users from different jurisdictions. The shareholders of Barclays also include Goldman Sachs and JPMorgan. A number of sources are reporting that the Goldman Sachs group has also purchased Bitfinex and Bitrix.

On April 16, 2018, the broker Monex will buy the Coincheck exchange for $33 million. On Thursday it came to light that the financier George Soros has started to show serious interest in cryptocurrencies, and his investment fund is planning to begin trading in cryptocurrencies

. Also, the Rockefeller family’s Venrock Fund, with its $3 billion in assets, has begun working with Coinfund, a fund that invests in projects to develop cryptocurrencies, in particular CoinList, the Kik chat messenger app, and others.

All of these major financial institutions are starting to place their funds in the cryptocurrency market, and, therefore, it is safe to say that they believe in its development and growth.

Annex – Glossary

Key terms Definition
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 The market value of an individual coin or token circulating on the market.
Total cryptocurrency market capitalization The market capitalization of cryptocurrencies and digital assets, i.e. the aggregate market value of cryptocurrencies and digital assets (coins and tokens) circulating on the market.
Dominance Market share, i.e. the ratio of market capitalization of a particular cryptocurrency (coin, token) to total cryptocurrency market capitalization. Expressed as a %.
Not Mineable

 

A coin that is not mineable. The term is used for cryptocurrencies (coins, tokens) which cannot be mined or issued through mining.
Pre-mined A pre-mined coin. The term is used for cryptocurrencies (coins, 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 % to the beginning of the year) The rate of 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) The 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) The 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 beginning of 2018 over 1,300 cryptocurrencies and digital assets (coins and tokens) 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.
ZAK-n Crypto index The index is calculated as a percentage and represents a ratio between the 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.


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