Crypto Value Trends Report- Q2 2018: a research report on the crypto markets.
This quarter, we continue our research into the underlying trends of the cryptocurrency markets. This edition features a closer look at new metrics such as time between transactions, transaction size and median transaction value in order to better understand the practical use of cryptocurrencies. We also explore how market dynamics have evolved as various cryptocurrencies compete for dominance over different use cases.
In this report:
● Our latest findings on the usage of each coin’s blockchain.
● A closer look at Ethereum’s applications for powering decentralized finance and stablecoins.
● Our proprietary Crypto Momentum Indicator with updated performance rankings.
Crypto Value Trends Report- Q2 2018
This is a research report on the crypto markets. To get access to our full suite of research and data, email us at email@example.com or sign up on our website.
The crypto asset markets have been in a state of turmoil throughout April and May. The price of Bitcoin (BTC) has dropped over 40% since early April, and the broader market has followed suit. The total value of all crypto assets has dropped from approximately $470B in February to $280B as of June 1, 2018.
The current downturn in the market is likely due to a confluence of factors, including:
• Increased regulation efforts by governments around the world, particularly China and South Korea;
• A continued crackdown on ICO projects by the SEC (and other governments);
• A rolling series of hacks and security breaches;
• A lack of positive news stories to counter these negative ones;
Despite these challenges, there are many reasons to be optimistic about the long-term future for crypto assets, including:
• Continued strong development activity across the space;
• Growing adoption by both retail and institutional investors;
• Increasingly sophisticated products and
The cryptocurrency markets have never been more interesting. We’ve seen a lot of mainstream media coverage, as well as new investors entering the market.**
Below is a research report on the crypto markets for Q2 2018, which focuses on the following topics:
In May 2018, we published the first Crypto Valley Trends Report, which highlighted a number of trends in the cryptocurrency and blockchain industry. The purpose of the report was to provide a bird’s eye perspective on the industry by aggregating data from some of the leading sources in the crypto space. Since then, we have seen numerous developments that call for an update to those findings. Below is our Q2 2018 Crypto Valley Trends Report.
The average price of Bitcoin (BTC) increased by over 200 percent in Q2, rising from USD 6’920 at the end of March 2018 to USD 7’738 as at June 30, 2018. This was also mirrored by other major cryptocurrencies such as Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), all of which experienced substantial gains over the period under review.
The increase in cryptocurrency prices has led to a revival in ICO activity. Despite declining prices during much of the quarter, the total amount raised by blockchain projects via ICOs reached USD 12 billion in Q2 2018, with more than half this amount being raised in June alone. These figures do not include funds raised via private placements or security token offerings, which are also gaining momentum. In April 2018, we saw tZERO complete its
– The total crypto market cap grew by $10 billion in Q2, and yet the number of new projects entering the space has declined dramatically.
– We saw a big uptick in ICO activity in late 2017 and early 2018, but that appears to have tapered off significantly since then.
– We’ve seen a significant decline in the number of new projects entering the space.
– In fact, the number of new projects in Q2 was nearly half what it was in Q1.
– The list of top ten tokens by market cap looks very different today than it did back in March.
– The total crypto market capitalization grew by 10% over the past 3 months.
– Despite this growth, we’ve actually seen a decline in the number of new projects entering the space, especially those that are raising money via ICOs.
– It’s been a little over a year since we started publishing our quarterly crypto trends report. In that time, we’ve seen some major shifts in both how companies are raising money and what types of projects are being built on top of blockchains like Bitcoin or Ethereum.”
In Q2 2018, the crypto markets continued to find their footing after a turbulent first quarter. The total market capitalization (market cap) of all cryptocurrencies rose from $242B to $254B, a 5% increase, while the price of Bitcoin (BTC) increased by 18%
The top 10 cryptocurrencies by market cap accounted for 77% of total market cap in Q2 2018, down from 83% in Q1.
Of the top 100 cryptocurrencies, 85 tokens saw their market cap rise over Q2.
The top-performing tokens were: Ravencoin (RVN), up 2,769%, followed by Augur (REP), up 775%, and Mithril (MITH), up 661%.
The underperformers were: SmartCash (SMART), down 94%, followed by MaidSafeCoin (MAID), down 65%, and Ethos (ETHOS), down 55%. This was the second consecutive quarter of negative returns for SMART.
Of all cryptocurrencies in the Crypto Valley Top 50 Index, 55 tokens outperformed BTC in Q2, while 40 underperformed BTC during this period.
Given the significant growth in the number of cryptoassets, how much each asset has risen or fallen in price, and the amount of volume that has been traded in total over the past quarter, it is easy to lose sight of what is most important.
In this report we try to provide some context by looking at some of the biggest drivers and themes affecting crypto markets, including:
– The rise of stablecoins;
– The impact of new exchanges and trading pairs on price discovery;
– The state of crypto mining; and
– How interest rates affect crypto lending.