Check out our report presenting data on the cryptocurrency market movements in 2018, with special attention paid to the analysis of changes taking place over April-May 2018, most notably April 30-May 6, 2018.

Information as of May 7, 2018

This report was created by:

This report presents data on the cryptocurrency market changes during 2018. Special emphasis has been placed on an analysis of the changes that have taken place in April-May 2018, including over the past week (April 30-May 6, 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 May 6, 2018*

Parameter1-Jan-181-Feb-18MoM, %1-Mar-18MoM, %1-Apr-18MoM, %30-Apr-18DoD, %6-May-18DoD, %
1Total market capitalization, USD billion612.9517.2-15.6% 440.0-14.9% 263.9-40.0% 438.966.3%467.26.4%
2Altcoin market capitalization, USD billion376.2344.8-8.3%264.6-23.3%145.2-45.1%278.691.9%299.77.6%
Altcoin dominance, %61.4%66.7%60.1%55.0%63.5%64.1%
3Bitcoin price, $14 112.210 237.3-27.5% 10 385.01.4%7 003.1-32.6% 9 426.134.6%9 845.34.4%
Bitcoin market capitalization, USD billion236.7172.4-27.2%175.41.8%118.7-32.3%160.335.0%167.54.5%
Bitcoin dominance, %38.6%33.3%39.9%45.0%36.5%35.9%
4Ethereum price, $755.81 119.448.1%856.0-23.5% 397.3-53.6% 689.873.6%816.118.3%
Ethereum market capitalization, USD billion73.1109.049.1%83.8-23.1%39.1-53.3%68.474.7%81.018.5%
Ethereum dominance, %11.9%21.1%19.0%14.8%15.6%17.3%
5Bitcoin Cash price, $2 534.81 491.1-41.2% 1 204.8-19.2% 688.0-42.9% 1 441.0109.4%1 758.822.1%
Bitcoin Cash market capitalization, USD billion42.825.3-41.0%20.5-19.0%11.7-42.7%24.6110.1%30.122.1%
Bitcoin Cash dominance, %7.0%4.9%4.7%4.4%5.6%6.4%
6Litecoin price, $231.7163.7-29.3% 203.124.1%116.9-42.4% 153.731.4%178.015.9%
Litecoin market capitalization, USD billion12.69.0-28.8%11.325.0%6.5-42.0%8.732.4%10.016.0%
Litecoin dominance, %2.1%1.7%2.6%2.5%2.0%2.1%
7Volume (24h) 4 crypto, USD billion15.717.310.2%10.1-41.4%6.4-36.9%12.9100.7%12.90.5%
Market cap 4 crypto, USD billion441.6351.6-20.4%315.1-10.4%189.7-39.8%287.451.5%314.19.3%
ZAK-4 Crypto index3.6%4.9%3.2%3.4%4.5%4.1%
4 crypto dominance, %72.0%68.0%71.6%71.9%65.5%67.2%
8Volume (24h) 8 crypto, USD billion17.219.010.2%11.3-40.3%7.2-36.3%17.7144.3%15.2-14.1%
Market cap 8 crypto, USD billion488.6393.4-19.5%349.3-11.2%208.7-40.2%331.959.0%356.47.4%
ZAK-8 Crypto index3.5%4.8%3.2%3.5%5.3%4.3%
8 crypto dominance, %79.7%76.1%79.4%79.1%75.6%76.3%

* Data as of May 6, 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 (May 6, 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

Over the past week (April 30-May 6, 2018) cryptocurrency market capitalization increased, and as of 03:00 UTC on May 6 equaled $467.2 billion (see Table 1.1, Fig. 1). Three-fourths of capitalization growth during the week was due to the growth of altcoins (by $21 billion) and 1/4 was due to the growth of bitcoin (by $7 billion).

The dominance of the four and eight largest cryptocurrencies as of 03:00 UTC on May 6, 2018, equaled 67.2% and 76.3%, respectively, with bitcoin dominance decreasing to 35.9% (see Table 1.1). Last week saw a considerable growth in the prices of certain cryptocurrencies from the second (top 200) and third (top 500) echelons by capitalization, for example, All Sports (+257.45%), YEE (+130.73%), Delphy (+103.23%), Stox (+100.86%), Bottos (+80.73%), etc.

Market capitalization has showed a steady upward trend since the beginning of May, reaching $472 billion on May 6, 2018. Capitalization fluctuated from $404 billion to $472 billion (Fig. 1), i.e. within a range of $70 billion, however a downward adjustment of $40 billion was seen on May 6 and 7 (including by $10 billion due to a fall in the bitcoin price).

Figure 1. Cryptocurrency market capitalization since April 16, 2018

weekly-cryptocurrency-analysis-april-30-may-6-2018-figure-1

Data source: coinmarketcap.com

During the period from April 30-May 6, 2018, the change in the prices of cryptocurrencies in the top 500 ranged from -31.84% (BOScoin) to +9,000% (DNotes). The price of 56 cryptocurrencies and digital assets from the top 100 and 277 cryptocurrencies from the top 500 showed growth.

This past week there were changes in the list of 30 cryptocurrencies with a capitalization of more than $1 billion. Steem (-12.75%) and Siacoin (-10.07%) fell from the list, and were replaced by Zilliqa (+31.58%) and Ontology (+15.57%).

A few words about Zilliqa and Ontology:

Zilliqa (ZIL) is a platform that experts and analysts compare to Ethereum. The distinguishing feature of the Zilliqa platform is the high throughput capacity of its network, which increases in sync with the growth in network volumes. On the Zilliqa platform each user can develop their own applications, which will run on smart contracts.

The Ontology project reached a capitalization of $1 billion in only two months, including due to the conduct of effective campaigns and airdrops (i.e. thanks to their free distribution to NEO token holders, and the provision of specials for trading volume in Ontology (ONT) on Huobi, Binance, etc.). The multilevel Ontology network was launched by the private Chinese company OnChain, which has direct ties to the founders of NEO (Da Hongfei and Eric Zhang). The network makes it possible to link companies with decentralized applications created on the NEO, Ethereum, EOS and other platforms.

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 30-May 6, 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.

The change in price was calculated based on average daily data

Figure 2. Largest growth in prices over the past week

weekly-cryptocurrency-analysis-april-30-may-6-2018-figure-2

Data source: coinmarketcap.com

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 tokensSymbolPrice growth over the week, %Average price in $ on May 6, 2018Market capitalization, USD billionFactors or events that might have led to a growth in cryptocurrency prices over the past week
1Dnotes

(> 9000%)

NOTE>9 000%$2.550.39The price of DNotes coins showed the highest growth this week, increasing by 9,000% over the week. This type of growth is only possible for coins with very low trading volumes like those of DNotes (around $1,000 a day).

The WaykiChain coin appreciated due to news of its listing on the WICC cryptoexchange (Twitter)

The price of Polymath also experienced vigorous growth, as this project gave users the ability to create their own security tokens (Twitter)

The Loom Network coin increased by nearly 70% after it began to be traded on the major Binance exchange on May 2 (Twitter)

The price of CyberMiles might have grown due to the news of its victory in the competition for the title of the most promising decentralized financial service at the Global Blockchain Technology Expo Twitter

There were no important events concerning the other cryptocurrencies, and their fluctuations can be explained by market volatility.

You will recall that Fusion (FSN) is part of a project that hopes to create an ecosystem free from third parties for the performance of cryptocurrency conversion operations.

On the Zilliqa platform each user can develop their own applications, which will use smart contracts.

Thanks to 0x (ZRX) developers can design their own decentralized exchanges (DEX) and charge a fee for their services.

The main objective of the Golem project is to create a decentralized network, the nodes of which will constitute one very large computer that will be used to perform certain tasks.

Bytecoin (BCN) is one of the first completely anonymous cryptocurrencies.

2Wayki ChainWICC85.71%$2.610.37
3PolymathPOLY71.56%$0.8883020.21
4Loom NetworkLOOM69.65%$0.5716550.33
5CyberMilesCMT55.62%$0.3383420.21
6FusionFSN37.53%$8.470.25
7ZilliqaZIL31.58%$0.1426171.04
80xZRX26.93%$1.530.81
9GolemGNT26.20%$0.7539790.63
10BytecoinBCN26.19%$0.0072061.33

Intensive growth in Bitcoin Cash has been seen since April 18, 2018, with its price reaching $1,838 (May 6). Its growth over the last week equaled around 23%. The reason is the planned upgrade of the network on May 15, after which the size of a block will be increased to 32 MB. Also, around two weeks ago the Bitpay payment processing service added support for BCH in its POS application.

A depreciation in price was seen for 223 coins and tokens from the top 500 cryptocurrencies and digital assets by capitalization last week. The ten cryptocurrencies from the top 100 that experienced the most noticeable drops in price are shown in Fig. 3 and Table 1.3.

Figure 3. Largest fall in prices over the past week

weekly-cryptocurrency-analysis-april-30-may-6-2018-figure-3

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

Coins and tokensSymbolFall in price over the week, %Average price in $ on May 6, 2018Market capitalization, USD billionFactors or events that might have led to a fall in cryptocurrency prices over the past week
1MixinXIN28.31%$1 070.770.45The price of the Mixin coin continued to fall after the issue of bonuses, as the people who took part in the competition sell the coins that they won. Twitter

There were no important developments concerning the other cryptocurrencies, and their downward adjustment can be explained by market volatility.

The goal of the Bytom project is to bring the outside world into the digital world and to tokenize all assets in the real sector.

EOS is a new “operating system” for blockchain applications currently working on the Ethereum network that is currently testing its mechanism. The fall in price this week might be tied to a downward adjustment after sustained growth triggered by the news of its transition to its own blockchain (the growth in EOS in April equaled 260%). In this regard, Ethereum saw a significant growth this week (more than 18%), in connection with the announcement published on April 30, 2018, on the upcoming scaling of the network through sharding and the partial switch to the Proof-of-Stake (PoS) algorithm from the Proof-of-Work (PoW) algorithm https://t.co/Aqo9MBiCj0 pic.twitter.com/FXEQeiKGDr. Many already see EOS as one of the main competitors for Ethereum in terms of smart contracts (along with NEO, Qtum, Cardano, etc.), which means that the prices of these cryptocurrencies may have an inverse correlation.

Gifto (GTO) is a digital token developed by a decentralized social network and designed to improve interaction between users.

Populous (PPT) is a trading platform built on the Ethereum blockchain that allows the creation of invoices, something that every business needs.

Centrality is a venture studio that concludes agreements with leading innovators from various industries to create an applications marketplace.

Factom (FCT) is a cryptocurrency for internal use on the Factom platform, a blockchain-based platform consisting of blocks of encrypted information.

Dragonchain is the digital token of a decentralized blockchain platform created in 2014 by the Walt Disney company.

Kyber Network (KNC) is a decentralized platform that performs the functions of a currency exchange and payment system.

The Steem project is developing a social network that can compete with Reddit and Facebook. Steem is a blockchain-based rewards platform for publishers, which aims to monetize content and develop a community.

2BytomBTM18.21%$0.8225790.81
3EOSEOS16.80%$17.2614.46
4GiftoGTO15.73%$0.4747220.20
5PopulousPPT15.26%$20.760.77
6CentralityCENNZ14.89%$0.3978750.28
7FactomFCT14.86%$25.090.22
8DragonchainDRGN14.32%$1.000.24
9Kyber NetworkKNC-13.85%$2.370.32
10SteemSTEEM-12.75%$3.680.93

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 30-May 6, 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 30-May 6, 2018

Factors and events

(link to source)

Date of newsDescriptionNature of impactType of impact
1.Barclays CEO Rules Out Cryptocurrency Trading Desk, For Now [source: CCN]May 2, 2018The British investment bank does not intend to launch a specialized platform in the near future for trading in cryptocurrencies, but is still watching the market closely, announced its CEO.Market ⇓Unfavorable
2.                    Cryptocurrency Market Capitalization Exceeds $450 Billion For First Time Since March [source: Coinmarketcap]May 3, 2018Ether is showing the most robust growth among the top 10 cryptocurrencies: it increased by more than 10% on May 3. Meanwhile, Ripple is approaching the important milestone of $1.Market ⇑

 

Favorable
3.                    Chinese Huobi Labs Launches $1 Billion Blockchain Fund [source: Coinspeaker]May 3, 2018This step should shore up the exchange’s position in the country, where a state ban was introduced last year on yuan-bitcoin trading.Market ⇑

 

Favorable
4.                    CFTC Officials Want Close Cooperation with SEC on Crypto Rules [source: Coindesk]May 3, 2018The regulators are already working together on several cases against bad faith representatives of the crypto industry, however due to the active development of the market the CFTC believes that this cooperation must be placed on a permanent footing.MarketUncertain
5.                    Indian Cryptocurrency Market on the Rise Despite Government Ban [source: Financemagnate]May 6, 2018The Reserve Bank of India banned credit institutions from working with cryptoexchanges and traders, but the trading volume only continues to rise.Market ⇑

 

Favorable

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 $12.1 billion to $16.4 billion (Table 1.5.a). The value of the daily ZAK-4 Crypto fluctuated from 4.1% to 5.8% of capitalization. The highest trading volume was seen on May 3.

Table 1.5.a. Daily ZAK-4 Crypto index calculation (from April 30-May 6, 2018)

CryptoBitcoin (BTC)Ethereum (ETH)Bitcoin Cash (BCH)Ripple (XRP)4 Crypto
 Price Open Volume (24h)Market capPrice Open Volume (24h)Market capPrice OpenVolume (24h)Market capPrice OpenVolume (24h)Market capVolume (24h) 4 cryptoMarket cap 4 cryptoZAK-4 Crypto index
Date$USD billionUSD billion$USD billionUSD billion$USD billionUSD billion$USD billionUSD billionUSD billionUSD billion%
May 6, 20189 845 7.2 167.5 816 3.1 81.0 1 759 1.9 30.1 0.900.6 35.4 12.9 314.1 4.1%
May 5, 20189 700 7.7 165.1 785 3.0 77.9 1 517 1.7 26.0 0.900.7 35.1 13.0 304.0 4.3%
May 4, 20189 696 8.2 165.0 777 3.5 77.1 1 501 1.0 25.7 0.881.0 34.5 13.7 302.2 4.5%
May 3, 20189 234 10.2 157.1 687 4.2 68.1 1 460 1.3 25.0 0.860.7 33.6 16.4 283.8 5.8%
May 2, 20189 105 7.6 154.9 674 2.8 66.8 1 354 1.2 23.2 0.840.5 32.9 12.1 277.7 4.4%
May 1, 20189 251 7.7 157.4 670 2.7 66.5 1 349 0.8 23.1 0.840.6 32.8 11.8 279.7 4.2%
Apr 30, 20189 426 8.7 160.3 690 2.9 68.4 1 441 0.8 24.6 0.870.6 34.1 12.9 287.4 4.5%

* Data as of 03:00 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 $15.2 billion by the end of last week (Table 1.5.b), i.e. 4.3% of their market capitalization. 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)

CryptoStellar (XLM)Cardano (ADA)EOS (EOS)Litecoin (LTC)8 Crypto
 Price OpenVolume (24h)Market capPrice OpenVolume (24h)Market capPrice OpenVolume (24h)Market capPrice OpenVolume (24h)Market capVolume (24h)Market capZAK-8 Crypto index
Date$USD billionUSD billion$USD billionUSD billion$USD billionUSD billion$USD billionUSD billionUSD billionUSD billion%
May 6, 20180.430.04 8.0 0.3660.159.5 17.71.4314.8 1780.6310.0 15.2 356.4 4.3%
May 5, 20180.430.04 8.0 0.3610.149.4 17.11.6114.3 1680.749.5 15.6 345.1 4.5%
May 4, 20180.440.05 8.1 0.3710.179.6 17.71.7514.8 1600.639.0 16.3 343.8 4.7%
May 3, 20180.440.08 8.2 0.3720.309.6 19.32.2716.0 1520.628.6 19.7 326.2 6.0%
May 2, 20180.440.07 8.2 0.3580.279.3 18.92.4115.7 1480.358.4 15.2 319.2 4.8%
May 1, 20180.430.15 7.9 0.3430.378.9 17.73.3314.6 1480.348.4 16.0 319.5 5.0%
Apr 30, 20180.460.08 8.5 0.3640.309.4 21.64.0717.8 1540.348.7 17.7 331.9 5.3%

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 newsDescriptionNature of impactType of impact
1.Goldman Sachs to Launch First Bitcoin Trading Program at Wall Street [source: Coinspeaker]May 3, 2018In the coming weeks the investment bank will begin to use its own capital to trade in bitcoin futures. So far, the exact launch date is unknown, but according to the publication the bank’s board of directors has already approved the initiative.Market ⇑

 

Favorable
2.J.P. Morgan Files Patent for Blockchain-Powered Payments [source: Fortune]May 4, 2018The banking giant wants to patent a new way “to organize and regulate financial operations” using blockchain technology. The application, submitted in October, describes a system using a distributed ledger for registration of interbank payments using a peer-to-peer network.Market ⇑

 

Favorable
3.Dubai’s DED Launches Blockchain-Based Commercial Business Registry [source: Arabianbusiness]May 4, 2018The initiative, developed by the Electronic Government of Dubai together with IBM, aims to “make investment as well as doing business in Dubai a seamless and smart experience.”Market ⇑

 

Favorable

 

1.2 Market trends

The weekly cryptocurrency and digital asset market trends from December 31, 2017, to May 6, 2018, are presented as graphs (Fig. 1.1-1.5)*.

Table 1.7. Legends and descriptions of the graphs

Global FiguresFigure**Description
Total cryptocurrency market capitalization, USD millionFig. 1.1This figure shows cryptocurrency and digital asset market capitalization trends from December 31, 2017.
The rate of market change (as a % to the beginning of 2017)Fig. 1.1This figure shows the % change in cryptocurrency and digital asset market capitalization compared to December 31, 2017.
Change in the market capitalization (in USD million compared to previous period)Fig. 1.2This figure shows the weekly change in USD million (increase or decrease) in cryptocurrency and digital asset market capitalization from December 31, 2017.
The rate of market change (as a % compared to the previous period)Fig. 1.2This figure shows the % of weekly change (increase or decrease) in cryptocurrency and digital asset market capitalization from December 31, 2017.
Number of cryptocurrencies and digital assetsFig. 1.3This 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 May 6, 2018, this number had already reached 1,568 (coins and tokens on which there is information on capitalization and/or turnover were considered).
Average market capitalization, USD millionFig. 1.3This figure reflects the growth in the average cryptocurrency and digital asset market capitalization from December 31, 2017, i.e. the ratio between the market capitalization of all cryptocurrencies and digital assets and their number.
Forecast of total cryptocurrency market capitalizationFig. 1.4, 1.5This figure shows the time trend (forecast) change in cryptocurrency and digital asset market capitalization.

* Data as of May 6, 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.
Data source: coinmarketcap.com

Figure 1.1. Total cryptocurrency market capitalization*

weekly-cryptocurrency-analysis-april-30-may-6-2018-figure-1-1

* 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 May 6, 2018. Over this period, market capitalization dropped from $572.5 billion to $460.8 billion, i.e. by 20%. Last week (April 30-May 6, 2018) cryptocurrency market capitalization increased from $434.8 billion to $460.8 billion (as of May 6, 2018, based on the average figures from coinmarketcap.com).

 Figure 1.2. Change in market capitalization

weekly-cryptocurrency-analysis-april-30-may-6-2018-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 period from 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. The market has grown over the past five weeks, including by $26 billion, or 6%, from April 30-May 6 (with due account of average daily data, see Fig. 1.2).

Figure 1.3. Number of cryptocurrencies and digital assets

weekly-cryptocurrency-analysis-april-30-may-6-2018-figure-1-3

Data source: coinmarketcap.com (coins and tokens on which there is information on capitalization and/or turnover were considered)

Since December 31, 2017, the total number of cryptocurrencies and digital assets considered when calculating market capitalization has increased from 1,335 to 1,568. Their number increased by 5, from 1,563 to 1,568, over the past week, and average capitalization equaled $293.9 million. In total, over the past month 78 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. Of the tokens that were added last week, Penta, TrustNote, Loopring [NEO] and DAEX demonstrated high trading volumes.

 Figures 1.4 and 1.5. Forecast of total cryptocurrency market capitalization

weekly-cryptocurrency-analysis-april-30-may-6-2018-figure-1-4

weekly-cryptocurrency-analysis-april-30-may-6-2018-figure-1-5

 

In summary, it can be said that last week there was a distinct split with the established trend for altcoin prices to closely follow bitcoin trends. We are seeing more variety in the growth and fall of altcoin prices than in previous periods, which means that the cryptocurrency market is ready for new structural changes and the appearance of new areas of growth.

In the conclusion of his price forecast for the two leading cryptocurrencies by capitalization at the end of 2018, expert and co-founder of the well-known resource Reddit, Alexis Ohanian, said: “At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $1,500”.

Annex – Glossary 

Key termsDefinition
Market capitalizationValue 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 capitalizationThe market value of an individual coin or token circulating on the market.
Total cryptocurrency market capitalizationThe 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.
DominanceMarket 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-minedA 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 assetsNumber 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 capitalizationAverage market capitalization, i.e. the ratio of the market capitalization of all cryptocurrencies and digital assets to their number.
ZAK-n Crypto indexThe 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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