Analysis of the cryptocurrency market and ICO (30.04-06.05.2018)

Information on 06.05.2018 g.[i]

The authors of the study:

  • Dmitry Kornilov, doctor of economic Sciences, academician of RANS, senior analyst ICOBox
  • Dmitri Zaitsev, candidate of economic Sciences, head of international public relations and the Department of business analysts ICOBox
  • Nikolay Evdokimov, co-founder of ICOBox
  • Michael raitzin, co-founder of ICOBox
  • Anar Babayev, co-founder of ICOBox
  • Daria Generalova, co-founder of ICOBox

The study presents data on dynamics of change on the cryptocurrency market and the market for ICO 2018. the Main emphasis is on the analysis of the changes in April-may of 2018, in particular, over the past week (30.04-06.05.2018).

1. A General analysis of the market of cryptocurrencies and assets (per week, month, quarter). Market dynamics

1.1. A General analysis of the market of cryptocurrencies and assets (week, month)

Table. 1.1. Dynamics of capitalization of the stock market and the major currencies with 01.01.2018, 06.05.2018*

Over the past week (30.04-06.05.2018 g) capitalization of the stock market has grown and as of 03:00 UTC 6 may amounted to 467,2 billion USD (see table. 1.1, Fig. 1). Market capitalization gain for the week occurred on 3/4 due to the growth rate altcoins (21 billion USD) and 1/4 is due to the growth of bitcoin exchange rate (7 billion USD).

Market share of the four and eight largest cryptocurrency in 06.05.2018 (03:00 UTC) were made up of 67.2% and 76.3% respectively, the share of bitcoin decreased to 35.9% (see table. 1.1). Last week saw a significant growth of separate cryptocurrencies from the second (top 200) and third (top 500) tier by capitalization, for example, All Sports (+257,45%), YEE (130,73%), Delphy (+103,23%), Stox (Of 100.86%), Bottos (+80,73%).

The size of market capitalization from the beginning of may gradually grew and reached 6 may 472 billion U.S. dollars. Changes occurred in the range from 404 to 472 billion U.S. dollars (Fig. 1), i.e., within the $ 70 billion U.S., however, 6 and 7 may there was a correction in 40 billion U.S. dollars (including 10 billion US dollars – by reducing the bitcoin exchange rate).

Over the past week (30.04-06.05.2018 g) capitalization of the stock market has grown and as of 03:00 UTC 6 may amounted to 467,2 billion USD (see table. 1.1, Fig. 1). Market capitalization gain for the week occurred on 3/4 due to the growth rate altcoins (21 billion USD) and 1/4 is due to the growth of bitcoin exchange rate (7 billion USD).

Market share of the four and eight largest cryptocurrency in 06.05.2018 (03:00 UTC) were made up of 67.2% and 76.3% respectively, the share of bitcoin decreased to 35.9% (see table. 1.1). Last week saw a significant growth of separate cryptocurrencies from the second (top 200) and third (top 500) tier by capitalization, for example, All Sports (+257,45%), YEE (130,73%), Delphy (+103,23%), Stox (Of 100.86%), Bottos (+80,73%).

The size of market capitalization from the beginning of may gradually grew and reached 6 may 472 billion U.S. dollars. Changes occurred in the range from 404 to 472 billion U.S. dollars (Fig. 1), i.e., within the $ 70 billion U.S., however, 6 and 7 may there was a correction in 40 billion U.S. dollars (including 10 billion US dollars – by reducing the bitcoin exchange rate).

In table. 1.2-1.3 describe possible causes or events that could affect the movements of individual cryptocurrencies. In table. 1.4 describe possible causes or events that could affect the stock market as a whole.

Table. 1.2. The reasons or events that could lead to growth of course of bitcoin over the past week

Since 18.04.2018, the Bitcoin exchange rate Cash (BCH) is growing rapidly, and on may 6 reached $1 838. Over the past week it has grown by about 23%. This is due to scheduled for may 15 update network, after which the block size is increased to 32 MB. In addition, about two weeks ago, a payment processing Bitpay added support BCH in its PoS app.

Over the past week the rate has decreased from 223 coins/tokens from the list of top 500 cryptocurrencies and assets by capitalization. Ten scriptactive from the list of the top 100, a course which has changed most prominently represented in Fig. 3 and in table. 1.3.

Table. 1.3. The reasons or events that could lead to the depreciation of the cryptocurrency over the past week

In table. 1.4 presents the events 30.04-06.05.2018 and influenced the course of the dominant cryptocurrency and the stock market in General, indicating the nature and extent of their influence.

Table. 1.4. Key events of the week that influenced the course of cryptocurrency 30.04-06.05.2018 G.

To analyze the activity of trading on the crypto currency exchange is calculated the index of ZAK-n Crypto (see Glossary). Indices ZAK-4 Crypto and ZAK-8 Crypto is presented in table. 1.1, 1.5.and, 1.5.b. In early April, trading volume (Volume 24h) for the four dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple) ranged from 12.1 to 16.4 billion U.S. dollars per day (table. 1.5.a). Daily values of the index ZAK-4 Crypto ranged from 4.1% to 5.8% of the size of capitalization. Most active trading was observed on 3 may.

Table. 1.5.. Daily calculation of the index ZAK-4 Crypto (c 30.04.2018, 06.05.2018)

Trading volumes 24 hour (24h Volume) for the eight dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Stellar, EOS, Cardano) to the end of the past week amounted to 15.2 billion U.S. dollars per day (table. 1.5.b), i.e. 4.3% of their market capitalization. More indexes ZAK-4 Crypto and ZAK-8 Crypto considered in the table. 1.5.and 1.5.b.

Table. 1.5.b. Daily calculation of the index ZAK-8 Crypto (extension table 1.5.a)

In table. 1.6 presents a list of events, information about which appeared last week and which can affect the certain cryptocurrency and the market in General.

Table. 1.6. Events that can affect the course of cryptocurrencies in the future

1.2. Market dynamics

Weekly dynamics of the market of cryptocurrencies and assets 31.12.2017, 06.05.2018. presented in the form of diagrams (Fig. 1.1-1.5)*.

Table. 1.7. Symbols and characteristics of the charts

In Fig. Figure 1.1 shows the weekly changes in the cryptocurrency market with 31.12.2017, 06.05.2018 During this period, market capitalization has decreased from 572,5 to 460,8 billion USD, i.e. by 20%. Over the past week (30.04-06.05.2018 g) capitalization of the stock market increased from 434,8 to 460,8 billion USD (as of 06.05.2018, average daily values coinmarketcap.com).

The market is subject to constant fluctuations. For the first week of January, market capitalization increased by approximately 250 billion dollars, or 44%. The greatest weekly drop in the first quarter of 2018 amounted to 136 billion dollars, or 23%. It occurred in the period from 28.01 for 04.02.2018 G.

In the first quarter of 2018, nine out of thirteen weeks were «red», i.e. at the end of each market capitalization decreased. At the end of each of the last five weeks, the market has grown, particularly in the period from 30 April to 6 may, its growth amounted to 26 billion dollars, or 6% (including average data per day, see Fig. 1.2).

With 31.12.2017 total number of types of cryptocurrencies and scriptactive taken into account when calculating market capitalization increased from 1 335 to 1 568. Over the past week, their number has increased from 1 563 to 568 1, ie 5, and the average market capitalization of $ 293,9 million dollars. In General for the last month coinmarketcap.com appeared 78 items of new coins and tokens. Note, however, that the number of coins/tokens were excluded from the General list. From the tokens that were added last week, good results in trading volumes showed Penta, TrustNote, Loopring [NEO] and DAEX.

In the end we can say that last week there was a break of the current trend of strict adherence courses altcoins for bitcoin. Unlike previous periods is now possible to observe the great diversity, in terms of growth and decline courses altcoins. This means that the stock market is ready for significant changes in the structure and the emergence of new growth points.

In conclusion, here is the forecast the first two courses in the capitalization of cryptocurrencies to the end of 2018 from expert and co-founder of the famous online Reddit Alexis Ohanian: «At the end of the year, Bitcoin will be at $20 000. And Ethereum will be at $1500» («To the end of the year bitcoin will be worth $20,000, and the Ethereum – $1500»).

2. General market analysis ICO (week, month)

2.1. A brief overview of the market dynamics . ICO

Table. 2.1. Market overview the ICOtoOEM Assembly events, news for the week of 1-6.05.2018 G.

In table. 2.2. reflects the dynamics of market development ICO from the beginning of 2018. Taken into account only «popular» and/or successfully completed (i.e., who collected the minimum stated amount), and/or released to the stock exchange ICO.

Table. 2.2. Aggregated indicators of the dynamics of past (completed Completed) ICO1, 2

The data for the previous period (from 01.01.2018) — adjusted the appearance of more complete information on revised ICO. From the beginning of may (01-06.05.2018) the amounts of fees by the ICO amounted to 227,5 million dollars. This amount consists of the results of 14 successfully completed the ICO, while the highest amount of fees amounted to 35 million U.S. dollars. Such amounts were collected by each of the two projects SHIVOM and Solve.Care. The average value of funds raised for one project is equal to 16.2 mln US $ (see table. 2.2, 2.3).

Table. 2.3. The amount of attracted funds and the number of ICO

Table. 2.3 shows that the highest amount of funds was raised by the ICO in March 2018. This was mainly due to the emergence of a large ICO. The highest value of the average amount of money raised (Average collected funds) to one ICO also falls on March of 2018.

2.2. Top ICO over the past week

In table. 2.4 presents the ten largest ICO weeks.

Table. 2.4. Top 10 ICO on volume of attracted funds (01-06.05.2018) *

Data for the last period (01-06.05.2018) may be subject to adjustment as information on fees completed ICO will be revised.

Leaders of the week were two projects SHIVOM and Solve.Care, which can be attributed to one category Drugs & Healthcare.

Shivom is a project that will allow donors of these DNA to obtain a transcript of his DNA, as well as to sell this information or share it with the international scientific community, contributing, thus, contribute to an unprecedented era of genomics. Ecosystem Shivom or blockchain storage will allow to detect biomarkers and to assess the probability of risk of disease.

Solve.Care is a global solution based on the blockchain for the coordination and administration of health and payments in this field.

In Fig. 2.2 presents the ten largest ICO, which ended last week.

2.3. Top ICO in the categories

The ICO list of top categories based on the categories of ICO leaders weeks.

Table. 2.5. Top 10 ICO on volume of attracted funds in the category Drugs & Healthcare

At the moment in the category in terms of «Efficiency» (Token Performance), all projects of the top 10 have values from 0.19 x to 3.28 H. One of the most successful ICO in the process of going public presented can be considered as the project MediBloc, because he has the attitude of the Current Token Token Price to Sale Price is for 3.28 H. in the consideration of this indicator should take into account the timing of completion of ICO MediBloc (15.12.2017 g), i.e. the growth of 3.28 times occurred about four months. MediBloc market capitalization currently amounts to more than 90 million U.S. dollars, and market capitalization category leader by the volume of collected funds – project Paragon – 12.6 million USD.

For the analyzed period (01-06.05.2018) has successfully completed the ICO at least 14 projects, each of which attracted more than 100 thousand U.S. dollars, the amount of attracted funds amounted to 227,5 million dollars. Leaders of last week were the projects SHIVOM and Solve.Care, the fees of each of which amounted to 35 million U.S. dollars. The volume of funds for a number of ICO has not reached the level of 100 thousand USD (for individual project details to be confirmed).

Glossary cryptocurrency

Key concepts Definition
Market capitalization (Rwalking down market capitalization ) The value of the object calculated based on the current market (stock) prices. It is a financial measure used to evaluate total cost of market-based instruments, actors and markets. [Source: Wikipedia].
Cryptocurrency market capitalization as The market value of certain types of coins/tokens traded on the stock market.
Total cryptocurrency market capitalization as Market capitalization of crypto-currencies and assets, i.e. the total market value of traded cryptocurrencies and assets (coins/tokens).
Dominance Market share, i.e. the ratio of the capitalization of cryptocurrencies (coins/token) to total market capitalization. Expressed as a percentage.
Not Mineable

 

The coin is not manitsa (from the English. mining). Refers to cryptocurrencies (coins/tokens) which have no function hashing or not produced in the mining process.
Premined Remaininga coin. Refers to cryptocurrencies (coins/tokens), which are produced in the mining process, but a certain number of coins/tokens was created and distributed to defined users when the project starts.
The rate of market increase (in % to the beginning of the year) The growth rate of market (% YTD), i.e. how much % of the market capitalization increased relative to the beginning of the year.
The growth rate of the market (in % to the beginning of the year) The market growth rate (% YTD), i.e. how many times has changed the market capitalization relative to the beginning of the year.
Increase in market capitalization (in million USD compared to previous period) The increase in the market capitalization of cryptocurrencies and assets (in millions of U.S. dollars the previous period), i.e., how many million dollars of change in the market capitalization for the period.
The rate of market increase (in % compared to previous period) The growth rate of the market (in % to previous period), i.e. how much % the market capitalization has increased over the period.
The market growth rate (in % compared to previous period) The market growth rate (in % to previous period), i.e. how many times the increased market capitalization relative to previous period.
Number of cryptocurrencies and digital assets The number of crypto-currencies and assets. At the beginning of 2018, the market turned more than 1300 types of cryptocurrencies and assets (coins/tokens).
Average market capitalization as The average market capitalization, i.e. the ratio of market capitalization of all cryptocurrencies and assets to their number.
ZAK-n Crypto index The index is calculated as a percentage and represents the ratio of the volume of trades (deals) at cryptocurrency exchange per day (24h Volume) n dominant cryptocurrency to the sum of their market capitalization.

When calculating the index, ZAK-4 Crypto takes into account four dominant cryptocurrency with the highest market capitalization – Bitcoin, Ethereum, Bitcoin and Ripple Cash.

When calculating the index ZAK-8 Crypto takes into account the trading volume and market capitalization of eight cryptocurrencies.

[i] Disclaimer disclaimer

Despite the fact that the information contained in this document is regarded as authentic, ICOBox makes no representations and gives no warranties, Express or implied, regarding its completeness or accuracy. The information presented in this document may include certain statements, estimates and projections. Such statements, estimates and projections reflect assumptions concerning anticipated ICOBox trends that can be realized or not. ICOBox refrains from making any representations as to the accuracy of such statements, estimates or projections, and actual results may differ materially from those discussed in such statements, estimates or projections.

The expected financial results may be affected by changes in economic and political conditions and other future events that cannot be forecast. ICOBox makes no representations or warranties regarding the feasibility of forecasts or data, information and assumptions contained in the document. Approval and evaluation, constitute our opinion, formed on the date of this report, and are subject to change without prior notice. This document has been prepared for information purposes only and does not constitute an offer to sell securities of cryptocurrencies or tokens, and also does not contain any recommendations or advice on investment in any particular company or assets.

ICOBox is not liable for any statements, Express or implied, contained in this document or excluded from it. ICOBox is a provider of SaaS solutions for companies that want to sell their product through the sale of tokens (ICO). ICOBox cooperates or seeks to do business with companies mentioned in its research reports, and acquires or wishes to acquire their assets.

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