Information on 03.12.2017 (results for the period from 01.07.2017)[i]
- 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 changes on cryptocurrency market on the market of the ICO in the third and fourth quarter, but the main emphasis is on the analysis of the changes in November 2017, including over the past week (27.11-03.12.2017)
1. A General analysis of the market of cryptocurrencies and assets (per week, month, quarter). The dynamics of the market.
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 01.10.2017, 03.12.2017 G.
For November 2017 and the first three days of December, the total market capitalization of cryptocurrencies (Total Market Capitalization) increased from 182,65 to 329,1 bln US $ (see table 1.1). Market capitalization with 01.11.2017 the city increased by more than 145 billion U.S. dollars, primarily due to the Bitcoin market capitalization which grew from 107,3 to 185,3 billion USD, i.e. by 78 billion U.S. dollars. In turn, the capitalization of altcoins for the same period increased to 75,4 c 143,8 billion US dollars, i.e. 68 billion U.S. dollars. To increase the capitalization of altcoins affected courses Ethereum, Bitcoin Gold, Cardano, Ripple, Litecoin, IOTA, Dash, Ethereum Classic, Monero, NEO, NEM, etc., thus, for the analyzed period, the capitalization of all cryptocurrencies of the top ten.
November was a productive month for the stock market, which was marked by several successful divisions cryptocurrency (hardforce), as well as positive news, in particular, the CME Group, said the launch of Bitcoin futures. The growth of all of the dominant cryptocurrency in November was 25.3 percent (XRP) to 215,3% (BCH). Courses Bitcoin, Ethereum, Bitcoin and Litecoin Cash increased by 58.3%, 45,6%, 215,3% 57.9%, respectively.
From the beginning of November changes in the Bitcoin exchange rate was in the range of $5 519 (12.11.2017) to $ 11 858,70 (03.12.2017 g), i.e. more than $6 300 (table. 1.4.a) at the same time, Ethereum has changed from $281,17 to $522,31, and the fluctuations of Bitcoin Cash amounted to about $2 040. The main causes of changes in the exchange rates of the leading cryptocurrency in a week are presented in table. 1.3 (other events that took place in November and affect the state of the stock market presented in the previous reports).
In connection with the resumption of the growth rate of Bitcoin, the cost of which in the month of November increased from $441 6 to $10 198,60 and 03.12.2017 totaled $11 082,70 there is high activity in the market of altcoins. The share of Bitcoin on the stock market exceeds 55%, but the dominance structure of other cryptocurrencies for the last month has undergone significant adjustment.
So, Cash Bitcoin and Ripple are reversed 02.11.2017 G. moreover, 12.11.2017 g. Bitcoin Cash even a few minutes stayed in second place, surpassing in terms of capitalization of Ethereum. The dominance structure in the top 6 of cryptocurrency by capitalization is presented below.
Over the past two weeks the dominance structure in the top 7 of cryptocurrency by capitalization also constantly changed. Dash and Litecoin moved to the sixth and seventh positions (25.11.2017 g), and the fifth 25.11.2017, took the Bitcoin Gold with a total capitalization of more than 6.1 billion U.S. dollars (see Fig. below). Dash and Litecoin within a month several times changed places. 04.11.2017 G. structure in the top 7 has changed again – IOTA capitalization surpassed Bitcoin Gold, Litecoin and Dash.
The proportion of Altcoins (Altcoin dominance, %) 03.12.2017 was 43.7%.
Information about the dominant cryptocurrency by capitalization at the moment (04.12.2017 g) shown below:
Smith + Crown Index from the beginning of November has grown from 12 to 20 083 456.
To analyze the activity of trading on the crypto currency exchange is calculated the index of ZAK-n Crypto (see Glossary). Indices ZAK-ZAK and Crypto 3-6 Crypto is presented in table. 1.1, 1.2.and, 1.2.b. So, 12.11.2017, trading volume (Volume 24h) for the three dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin and Cash), the first time exceeded 18 billion U.S. dollars per day, reached 18 942 million U.S. dollars (table. 1.2.a). The index value of the ZAK-3 Crypto amounted to a record 12%, which indicates a very high liquidity and dynamism of the market dominant cryptocurrency.
Table. 1.2.. Daily index calculation ZAK-3 Crypto (02.11.2017, 03.12.2017)
Trading volumes 24 hour (24h Volume) for the six dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin and Dash) at the end of last week was 9 767 million U.S. dollars (table. 1.2.b), i.e. 3.5% of their market capitalization. More indexes ZAK-ZAK and Crypto 3-6 Crypto considered in the table. 1.2.and 1.2.b.
Table. 1.2.b. Daily calculation of the index ZAK-6 Crypto (extension table 1.2.a)
In table. 1.3 presents the key events of the last week (27.11-03.12.2017 g) that influenced the course of the dominant cryptocurrency and the stock market in General, indicating the nature and extent of their influence.
Table. 1.3. Key events of the week that influenced the course of cryptocurrency 27 Nov — 3 Dec 2017
High trading activity (Volume 24h) relative to market capitalization contributes to the volatility of the cryptocurrency market, which can lead to sharp changes in their prices.
The following is an analysis of daily changes in exchange rates Bitcoin, Cash Bitcoin and Ethereum with the beginning of the month (tab. 1.4.a,b,C).
Table. 1.4.. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of the Bitcoin (BTC) to US dollar (c 01.11.2017, 03.12.2017)
Table. 1.4.b. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of Ethereum (ETH) in relation to the U.S. dollar (c 01.11.2017, 03.12.2017)
In November, the Bitcoin exchange rate has had a particularly noticeable impact events associated with the abolition of hard forks. This was marked by an increased interest of market participants to alternative currency Bitcoin and Cash the demand for Bitcoin. But after a few days the situation has changed. The increases in Bitcoin amounted to over 80%, his rate rose $6 440,97 to $11 858,70. Course Ethereum grew from $305,76 to $465,85 (table. 1.4.a,b). Thus the highest rate Ethereum ($522,30) was recorded 29.11.2017 g. the Greatest daily fluctuation (Range) of courses Bitcoin and Ethereum $1 916,40 and $97,20, respectively, and were observed 29.11.2017 G.
Courses Bitcoin and Ethereum from the beginning of 2017 increased to 11.34 and 57,02 times, respectively (see table. 1.4.a,b).
Table. 1.4.in. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of the Bitcoin Cash (BCH) in relation to the U.S. dollar (c 01.11.2017, 03.12.2017)
The General index of the change Bitcoin to Cash August 1, 2017 amounted to 4.1 (for the base calculation adopted rate of $380 at the end of the day 01.08.2017 g), i.e. for the period after hard forks of Bitcoin and new Bitcoin Cash its rate increased by 310%, while the growth rate occurred in November.
In table. 1.5 presents a list of events, information about which appeared last week and which can affect the certain cryptocurrency and the market in General.
Table. 1.5. Events that can affect the course of cryptocurrencies in the future
1.2 market Dynamics
Weekly dynamics of the market of cryptocurrencies and assets 02.07.2017, 03.12.2017. presented in the form of diagrams (Fig. 1.1-1.5)*.
Table. 1.6. Symbols and characteristics of the charts
In Fig. Figure 1.1 shows the weekly changes in the cryptocurrency market with 02.07.2017, 03.12.2017 During this period, market capitalization grew from 94 to 333 716 820 million U.S. dollars, and relative to the beginning of the year the growth amounted to 1 786%. Over the past week, the total market capitalization increased from 283 044 million U.S. dollars to 333 820 million US dollars (as of 03.12.2017). The increase was mainly due to the increase in the market capitalization of Bitcoin and tens of dominant altcoins.
Despite the substantial increase in the market capitalization of crypto-currencies for the third quarter of 2017 and for the year overall, the market is subject to sharp fluctuations. A significant reduction was observed at week 09-16.07.2017 (-28%) and in the first two weeks of September (03-10.09 and 11-17.09.2017), by 25 203 million U.S. dollars (-15,1%) and 20 817 million USD (-15%) respectively. The highest growth in the third quarter was 39% (16-23.07.2017). Over the past week (27.11-03.12.2017 g) the total market capitalization of crypto-currencies increased by 50 775 million U.S. dollars, or 18%.
The total number of types of cryptocurrencies and scriptactive on the stock exchange since July has increased from 881 to 1 273. Only for last week their number has increased to 34, 1 to 239 1 273. At the same time for the analyzed period, the average market capitalization of cryptocurrencies and scriptactive increased from 226,6 to 262,2 million dollars.
Over the past five weeks (29.10-03.12.2017 g) the cryptocurrency market have increased almost twice, from 353 to 333 170 820 million U.S. dollars. Total market capitalization for the first time exceeded 200 billion U.S. dollars November 3, and then 300 billion U.S. dollars on November 27, 2017 the Last month was characterized by increased interest in the stock market that says about the readiness of development of this direction in the financial sector (e.g., futures, Bitcoin). Some experts predicted the further growth of rates of major cryptocurrencies, however, there is a high risk associated with market fluctuations.
2. General market analysis ICO (week, month).
2.1 a Brief review of the market news for the week
Almost Half of ICO Funding Goes to Europe, Report Finds
New Zealand’s Regulator Warns Against Teenager’s NZD$220 Million ICO
Letter From the Supposed Lawyer Promises Confido ICO Investors Refund
Karpeles Coin: Mt. Gox Founder’s ICO Plans Cause Community Outrage
“Securities ICOs Are Absolutely” Says Former SEC Boss Amid Crypto Boom
2.2. Aggregated indicators of the dynamics and efficiency of the market for the last (ending, Сompleted) ICO
To assess the dynamics and efficiency of the market is successfully finished and/or released to the stock exchange ICO offers a set of tools (see table. 2.1).
Table. 2.1. Tools to assess the efficiency of the market is successfully finished and/or released to the stock exchange ICO
Table. 2.2. Aggregated indicators of the dynamics and efficiency of the market the past (completed Completed) ICO4
Data for October and November adjusted the appearance of more complete information on revised ICO. In the end, the total amount of attracted funds amounted to 822,6 million U.S. dollars in October 2017 and 683,5 million U.S. dollars in November 2017 and These amounts are summarized from the results of respectively 72 and 50 completed the most successful ICO October and November. With the biggest amount of fees amounted to 144,3 million dollars (ICO Polkadot, October 2007) and 108.2 million U.S. dollars (ICO QASH, November 2007).
For more details on the 10 largest ICO Nov presented in table. 2.5.
2.3. Aggregated indicators to assess the market for existing and planned (Active, Planned) ICO
Table. 2.3. Aggregated indicators for market assessment of existing and planned (Active, Planned) ICO
The number of projects engaged in (Active) ICO is 03.12.2017 G. 275. At the moment there is information at least about 285 ICO scheduled after 03.12.2017 G.
2.4. Quantitative analysis of the market ICO
1. The amount of attracted funds and the number of ICO
Table. 2.4. The amount of attracted funds and the number of ICO
Table. 2.4 shows that the largest number of funds was drawn by the ICO in June 2017. In the same month, the average number of funds (Average funds collected) one ICO made up of 33.17 million dollars.
Data Nov 2017 may be subject to adjustment as information on fees completed ICO will be revised.
In table. 2.5 presents the top 10 successfully completed in November the ICO with the largest amounts of borrowed funds.
Table. 2.5. Top 10 ICO on volume of attracted funds (November 2017)
Leader Nov was a project QASH. Its brief description is given below.
3. Top ICO in separate categories
The ICO list of top categories based on the categories ICO-leaders of the month.
Table. 2.6. Top 10 ICO on volume of attracted funds in category Trading & Investing
In table. 2.6 presents the top 10 ICO in the category of Trading & Investing. All these projects were implemented in 2017. More than half of them carried out on the crypto currency exchange. One of the most successful can be considered the process of going public ICO 0x, since this project against the Current Token to the Token Sale Price is Price of 4.52 x. When considering this indicator should take into account the timing of completion of ICO 0x (16.08.2017 g), i.e. a growth of 4.5 times happened in about 3 months, and market capitalization 0x currently exceeded 109 million U.S. dollars.
The ratings of ICO in the categories of Commerce & Advertising, and Energy & Utilities are presented below.
Table. 2.7. Top 10 ICO on volume of attracted funds in the category Commerce & Advertising
Project Wax, ICO which took place in November, is the category leader by volume of attracted funds. In second place is project Basic Token Attention, which attracted 35 million US dollars, having 1 000 000 000 coins in 30 seconds and costs about $0,036 per token. Currently they are sold on the crypto currency exchange of approximately $0,19. Thus, efficiency is of 5.31 x. The total market capitalization Basic token Attention Token on 04.12.2017 year amounts to 190 million U.S. dollars.
Table. 2.8. Top 4 ICO by volume of attracted funds in the category Energy & Utilities
In table. 2.8 presents the top-4. ICO in the category Energy & Utilities. Two projects presented in this category, has completed the process of going public. In particular, the project SunContract the attitude of the Current Token to the Token Sale Price is Price of 7.47 x.
In November, the ICO has successfully completed 50 projects, each of which attracted more than 100 thousand U.S. dollars, the total amount of attracted funds amounted to no less than 683 million US dollars. Leader Nov was the project QASH (108.2 million dollars).
Since the beginning of the year successfully completed the ICO 308 project, which has collected more than 4 410,6 million dollars.
4. Top ICO from the beginning of 2017
In table. 2.9 presents the top 10 largest ICO in the amount of funds raised, most of which belongs to the category of Infrastructure (Infrastructure) and was conducted in 2017.
Table. 2.9 Top 10 ICO on volume of attracted funds
|Initial coin offering, ICO (initial coin offer, initial placement of coins)
||Form of collective support for innovative technological projects, a variety of sales and attract new supporters through the primary offer coins for future holders in the form of a blockchain-based cryptocurrency (tokens) and scriptaction.
|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: https://ru.wikipedia.org].
|Cryptocurrency market capitalization as
||Total market value traded in the cryptocurrency market.
|Total cryptocurrency market capitalization as
||Market capitalization of crypto-currencies and assets, i.e. the total market value of traded cryptocurrencies and assets.
||The effectiveness of token (current token price of / the price of a token at the time of the ICO), i.e. the reward of one dollar invested in the token.
||Market share, i.e. the ratio of the capitalization of cryptocurrencies (the token) to total market capitalization. Expressed as a percentage.
|Sale price TokenCurrent token price
||The price of a token at the time of the ICO.The current price of a token.
||The coin is not manitsa (from the English. mining). Refers to a crypto currency (tokens) which have no function hashing or not produced in the mining process.
||Remaininga coin. Refers to a crypto currency (tokens) which are produced in the mining process, but a certain amount 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 rynochnoi 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 time of formation of the Glossary of the market turned more than 1070 species of crypto-currencies and assets.
|Average market capitalization as
||The average market capitalization, i.e. the ratio of market capitalization of all cryptocurrencies and assets to their number.
||Indicator of the effectiveness of funds spent on the purchase of tokens, or the ratio of the current price of the token and the sale price of the token, i.e. the efficiency of investment of one dollar in tokens at the stage of sale of tokens, with their subsequent sale on the crypto currency exchange for US dollars.
|ETH reward – current dollar value of $1 spent on buying tokens during the token sale
||An alternative indicator of the effectiveness of funds spent on the purchase of tokens in the period of the ICO, or the ratio of the current rate of ETH to his course at the beginning of the sale of token-ICO, ie if one dollar were not invested in the ICO and at ETH in his course at the beginning of the sale of tokens, and then sold at the current rate of ETH.
|BTC reward– current dollar value of $1 spent on buying tokens during the token sale
||Similar to the previous: an Alternative indicator of the effectiveness of funds spent on the purchase of tokens in the period of the ICO, if one dollar was invested in BTC at the exchange rate at the beginning of ICO, and then sold at the current rate BTC.
||The ratio of economic benefits/losses of the market participant in connection with the purchase of tokens at the stage of the ICO to the possible investment in ETH. If the value is > 1, then the market participant has achieved greater effectiveness of investments spent on tokens than if he invested in bitcoin ETH.
||The ratio of economic benefits/losses of the market participant in connection with the purchase of tokens at the stage of the ICO to the possibility of investing in BTC. If the value is > 1, then the market participant has achieved greater effectiveness of investments spent on tokens than if it invested in cryptocurrency BTC.
|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) at the n dominant cryptocurrency to the sum of their market capitalization.In the calculation of the index ZAK-3 Crypto , there are three dominant cryptocurrency, which was selected as Bitcoin, Ethereum and Ripple, as at the beginning of 2017, the market capitalization was the highest.
In the calculation of the index ZAK-5 Crypto takes into account the trading volume and market capitalization of the five cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. The index on the five currencies with the highest market capitalization at this moment (September 2017) is calculated from August 2017, as it is in August 2017 on a crypto currency exchange appeared cryptocurrency Bitcoin Cash resulting from the separation of bitcoin.
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