Information on 19.11.2017 (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
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 01.08.2017, 19.11.2017 G.
In the period 1 to 19 November 2017 the total market capitalization of cryptocurrencies (Total Market Capitalization) increased from 182,65 to 233,63 bln US $ (see table 1.1). Over the past week (13-19.11.2017) market capitalization increased by 33 billion dollars, primarily due to the Bitcoin market capitalization which grew from 104,98 to 129,6 billion USD, i.e. by 24.6 billion US dollars. The growth of capitalization altcoins for the week amounted to 8.4 billion US dollars (95,6 c to 104 billion U.S. dollars). To increase the capitalization of altcoins affected mainly courses Ethereum, Ripple, Litecoin, NEO, Dash, Monero, IOTA, Ethereum Classic, etc., so capitalization increased almost all the top ten cryptocurrencies except Bitcoin Cash.
For the period from November 13 to 19, courses Bitcoin, Litecoin, and Ethereum increased by 23.36%, of 10.39% to 11.56%, respectively. The Bitcoin exchange rate Cash at the same time decreased by 6.39%, with a $1 346,97 to $1 260,95.
In connection with the resumption of the growth rate of Bitcoin, whose value during the week increased from $295,50 6 to $7 766 to 19.11.2017 its market share increased from 52.3% to 55.5%. 17.11.2017, the course of Bitcoin exceeded us $8 000.
C the beginning of the month change rate for the Bitcoin was ranging from $5 519,01 (12.11.2017 g) $ 8 101,91 (19.11.2017 g), i.e., amounted to about $2 600 (table. 1.4.a), at the same time, fluctuations of the Bitcoin Cash, amounted to more than $2 200. The main causes of changes in the exchange rates of the leading cryptocurrency in a week are presented in table. 1.3.
Smith + Crown Index for the last week of November increased from 12 to 14 246 548.
To analyze the activity of trading on the crypto currency exchange is calculated the index of ZAK-n Crypto (see Glossary). Indices ZAK-3 and ZAK Crypto-Crypto 5 are 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 calculation of the index ZAK-3 Crypto (con 02.11.2017, 19.11.2017)
Trading volumes 24 hour (24h Volume) for five dominant cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash) at the end of last week was $ 6 054 million US $ (table. 1.2.b), i.e. 3.1% of their market capitalization. More indexes ZAK-ZAK and Crypto 3-5 Crypto considered in the table. 1.2.and 1.2.b.
Table. 1.2.b. Daily calculation of the index ZAK-5 Crypto (extension table 1.2.a)
In table. 1.3 presents the key events of the week (13-19.11.2017), 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 13-19 November 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.
In Fig. 1 shows the mutual movements of Bitcoin and Ethereum since the beginning of November (Fig. 1; table 1.4.a,b).
In Fig. 1 shows that in the period of imminent hard forks of Bitcoin, up to 08.11.2017 G. it has been rising after the announcement of the cancellation of this event was a sharp decline in the exchange rate of Bitcoin against the background of this abrupt change of course Ethereum, and then, after a few days that were required for stabilization (up to 15.11.2017 g), the growth of Bitcoin is resumed.
Since the beginning of November course Ethereum, in turn, grew from $305 to $347.
Below, the dynamics of changes in the pair Bitcoin and Bitcoin to Cash (see table. 1.4.a,b; Fig. 2).
Fig. 2 illustrates the struggle for the market between veteran and young stock market Bitcoin cryptocurrency Bitcoin Cash. On some days the growth of the Bitcoin to Cash was accompanied by a decrease in the rate Bitcoin and Vice versa. Especially obviously this tendency was observed in the period after the abolition of the updates (hard forks) of Bitcoin.
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, 19.11.2017)
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, 19.11.2017)
Since the beginning of November the exchange rate of Bitcoin rose from $6 440,97 to $8 036,49, and the rate of Ethereum – $305,76 to $354,39 (table. 1.4.a,b). Thus the highest Bitcoin exchange rate ($8 101,90) and Ethereum ($371,30) was recorded 19.11.2017 g. the Greatest daily fluctuation (Range) Bitcoin exchange rate was $1 106 (12.11.2017 g), and of course Ethereum – $30,20 (10.11.2017). Courses Bitcoin and Ethereum from the beginning of 2017 rose to 8.05 and 43,38 times, respectively (see table. 1.4.a,b).
Dynamics of prices of Bitcoin, Ethereum and Bitcoin Cash in November 2017 is presented in Fig. 3, 4, 5.
According to the data shown in Fig. 3, in changing the course of Bitcoin growing sine wave. Of course Ethereum can be noted about the three-day cycle of growth and decline (Fig. 4). The course of Bitcoin Cash is characterized by possible sharp jumps (12.11.2017). All this suggests that part of the market participants periodically changes their preferences. For example, last week after hardwork Bitcoin Cash, which, according to bitcoinabc.org held 13.11.2017, decreased his rate to $863,98 (16.11.2017), but then, as 19.11.2017, the rate stabilized at $1 144-$262 1 (see table. 1.4.in).
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, 19.11.2017)
The General index of the change Bitcoin to Cash August 1, 2017 amounted to 3.08 (for the base calculation of the 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 208%, while the growth rate occurred from the beginning of November.
The Bitcoin exchange rate Gold before the launch of the core network project, 12 November at 19:00 UTC has grown significantly, moreover, only 12.11.2017 was observed two peaks of growth. The rate reached a high of $496,61 12.11.2017 G. as of 12:00 UTC on 20 November, the rate was about $130, and the total market capitalization of approximately 21.5 million U.S. dollars (see Fig. 6).
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, 19.11.2017. 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, 19.11.2017 During this period, market capitalization grew from 94 to 233 716 808 million U.S. dollars, and relative to the beginning of the year growth amounted to 1 221%. Over the past week, the total market capitalization increased from 200 964 million USD to 233 808 million US dollars (as of 19.11.2017). The increase was mainly due to the increase in the market capitalization of Bitcoin by 24.6 billion US dollars, as well as some growth of capitalization of 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 (13-19.11.2017) total market capitalization of crypto-currencies increased by 32 844 million U.S. dollars, or 16%.
The total number of types of cryptocurrencies and scriptactive on the stock exchange since July has increased from 881 to 1 239. Only for last week the number had increased to 31, with 1 1 208 to 239. At the same time for the analyzed period, the average market capitalization of cryptocurrencies and scriptactive increased from 166,4 to 188,7 million dollars.
In the four weeks of October (01-29.10.2017) the cryptocurrency market has grown from 146 to 170 924 353 million U.S. dollars over the next two weeks (30.10-12.11.2017 g), he reached 200 964 million U.S. dollars. Total market capitalization for the first time exceeded 200 billion USD on 3 November. Last week (13-19th.11.2017) was characterized by a market growth of 16%, while growth was observed in all the major cryptocurrencies, besides Bitcoin Cash. The structure of the stock market has changed in favor of Bitcoin, its share currently is 55.5%.
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. Market overview, news for the week
- Investors Tezos has made another attempt to recover the funds through the courts
- The Central Bank of Singapore has identified when the tokens can be considered as securities
- The Central Bank of the Russian Federation plans to legally define the concept of cryptocurrency and the ICO in the first half of 2018
- The financial regulator, the EU has warned about the risks of investments in ICO
- Canaccord: in the next 20 years, ICO can become commonplace
- According to Key European Regulator, ICOs Could be Derivative Activities
- Dutch Regulator: ICO Environment Is a ‘Dangerous Cocktail’
2.2. Aggregated indicators of the dynamics and efficiency of the market the past (completed, ompleted) 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 01.11.2017 g. adjusted the appearance of more complete information on revised ICO. In the end, the total amount of attracted funds amounted to 97,9 million dollars (01-05.11.2017) and 258.9 million dollars (06-12.11.2017). Last week (13-19th.11.2017) the amounts of fees by the ICO made 138,2 million dollars. This amount consists of the results of 13 completed the most successful ICO, with the largest amount of fees was approximately 46.5 million USD (ICO WAX). The average value of funds raised for one project is equal to 10.6 million dollars. More detailed data on the 13 main ICO the last week are 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 to assess the market for existing and planned (Active, Planned) ICO
The number of projects engaged in (Active) ICO is 19.11.2017 G. 221. At the moment there is information about at least 251 ICO, scheduled after 19.11.2017 year, of which next week plans to hold more than 29 ICO.
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.
The data of the last week (13-19.11.2017) may be subject to adjustment as information on fees completed ICO will be revised.
2. Top ICO
Table. 2.5. Top 13 ICO for the amount of borrowed funds (13.11-19.11.2017)
In table. 2.5 presents the top 13 was successfully completed last week the ICO with the largest amounts of borrowed funds. The leader is the Wax project which aims to develop a decentralized platform for trading virtual goods in online games industry. WAX can become a safe platform to exchange, buy and sell virtual assets for a huge number of gamers around the world.
3. Top ICO in separate categories
The ICO list of top categories based on the categories of ICO leaders weeks.
Table. 2.6. Top 10 ICO on volume of attracted funds in the category Commerce & Advertising
In table. 2.6 presents the top 10 ICO in the category of Commerce & Advertising. All these projects were implemented in 2017. More than half of them completed the ICO in November 2017, so there is no data about the effectiveness of their go-to crypto currency exchange. The Wax project, which finished ICO last week, is a 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 $0,162. Thus, the efficiency is 4.51 x. The total market capitalization Basic token Attention Token on 19.11.2017 is of 161.3 million US dollars.
The ratings of ICO in the categories of Infrastructure and Trading & Investing has been presented in previous reports. The ratings of ICO in the categories of Payments and Mining are presented below.
Table. 2.7. Top 10 ICO on volume of attracted funds in the category Payments
At the moment in the category of Payments in terms of «Efficiency» (Token Performance), all projects of the top 10 have values from 0.33 x to 24.43 x. One of the most successful can be considered the process of going public ICO OmiseGo, because this project has a relationship to the Current Token Price of Token Sale Price is 24,43 x. When considering this indicator should take into account the timing of completion of ICO OmiseGo (05.07.2017 g), i.e. the growth of 24.43% occurred in approximately 4 months, and market capitalization OmiseGo currently has more than 800 million U.S. dollars.
Table. 2.8. Top 3 ICO by volume of attracted funds in category Mining
In table. 2.8 presents the top-3. ICO in the category of Mining. One of the projects represented in this category – ICO Giga Watt – has completed the process of going public. This project is the attitude of the Current Token to the Token Sale Price is Price of 1.44 x.
For the last period (13-19.11.2017) ICO has successfully completed 13 projects, each of which attracted more than 100 thousand U.S. dollars, the total amount of attracted funds amounted to no less than 138,2 million dollars. Leader of the week was the draft of Wax (46.5 million USD). 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). Next week is planned to hold at least 29 ICO.
|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: Wikipedia].
|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.
|Token sale price
Current 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 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 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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