Market Analysis Report

06 December 2017

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,057.87 with a gain of 1.52% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $12,491, representing a gain of 5.9% in the last 24 hours. The total market capitalization of Bitcoin crossed the 200B mark and it is currently over $209 billion. More than $1,5B worth of BTC were exchanged in the BTC/USD market, representing a 28% share of daily volume, second to the JPY at 50%.

Currently sitting at $450, the Ethereum price has dropped 3.7% in the last day. Over $290M worth of Ether were exchanged in the past 24 hours on the ETH/USD pair which has a 29% market share of the daily trading volume.

Yesterday, the IOTA price continued to rise, allowing the cryptocurrency to surpass Ripple and become the fourth-largest cryptocurrency by market cap. The sudden rise appears to be linked to the announcement of IOTA partnering with a litany of corporate giants to conduct a two-month demo of an Internet of Things (IoT)-based Data Marketplace.

Currently, the IOTA price is sitting at $5,30, with a 24-hour gain of 85.41%. More than 435M worth of IOTA were exchanged in the IOTA/USD market, which has a 44% market share of the daily trading volume.

See live charts here, here and here

Bitcoin Fork: Bitcoin God Will Be Born on Xmas Day

Chandler Guo, a Chinese cryptocurrency investor, recently revealed he is launching a Bitcoin-based fork that will use the ticker ‘GOD.’ Guo gave away some details and said that the project will start on the 25th of December. He also said there will not be a premine:

“Bitcoin God (GOD) will be forked off the main bitcoin chain at the block height of 501225, which will happen on December 25th to be symbolic of me giving candy to all bitcoin holders — The total amount will be 21 million — No pre-mine."

Read more here

Tokyo Financial Exchange Heads For Bitcoin Futures

The Tokyo Financial Exchange (TFX) is taking preparatory measures towards offering Bitcoin derivatives. Shojo Ofta, TFX's CEO, said that a working group would be created next month, to study and understand cryptocurrencies. The plan is to list cryptocurrency futures as fast as possible. Ofta stated:

“Once the Financial Instruments and Exchange Act recognizes cryptocurrencies as financial products, we will list the futures as quickly as possible."

Read more here

TD Ameritrade and Ally Invest to Offer Bitcoin Futures

TD Ameritrade (NASDAQ: AMTD) and Ally Invest (NYSE: ALLY) have publicly stated that they plan to offer access to Bitcoin futures trading as soon as they become available to them. Together these two brokers serve over seven million retail US traders, Ameritrade with 6,950,000 funded customer accounts and Ally with 250,000. JJ Kinahan, Chief Market Strategist of TD Ameritrade, said:

“What’s exciting to us about it is it provides a two-sided market. With natural buyers and sellers, that helps to put a more reasonable volatility on the product.”

Read more here

CryptoKitties: Digital Kittens Are Clogging the Ethereum Blockchain

Best thought of as a decentralized Tamagotchi, CryptoKitties appears to be striking a nerve with new users, making Ethereum fun and accessible to everyone.

The app, which uses the Ethereum blockchain to create a public and shared history of cryptographically unique kitties, saw its users spend at least $3 million total on breeding, buying and selling the in-game items. Currently, the average cat is trading for $100 in Ether.

Read more here

LALA World – An ecosystem for migrants and the unbanked around the world

Technology is advancing at a rapid pace, customer expectations are evolving, and changes in regulatory landscapes have opened doors to innovation in financial services. From crypto-currencies to P2P lending, fintech corporations have captured the interests and imagination of both customers and investors alike.
LaLa World has come up with a new financial ecosystem, created largely for the massive underbanked section of the society, by making use of the now popular Blockchain technology to bridge the gap between fiat and non-fiat currencies.

LaLa World aims at creating a unique financial services ecosystem that will integrate the power of blockchain technology and cryptocurrencies into the existing financial framework. This marriage of old world and new world systems is the key to providing the advantages of cryptocurrencies using the massive reach and network of the current financial framework. LaLa World has created an Ethereum-based wallet that offers facilities like peer-to-peer transfer of local and global remittance, local and international bill pay and a globally acceptable LaLa Card. 

The Token sale for LALA is in the pre-sales phase where there are discounts provided for early participants. For more information:

Visit the Website 
Whitepaper – Understand the business
Telegram – Stay in the loop
Tokensale – Buy Tokens

CoinFi Now Accepting Whitelist Registrations For ICO To Build The “Bloomberg For Crypto”

CoinFi, the cryptocurrency market intelligence platform, is now accepting whitelist registrations for its ICO with a hard cap of $15 million, to further expand its technology and hedge fund-calibre trading tools for real-time news, data, analysis and signals on the crypto markets.

A portion of funds raised will also be used to compensate and leverage the wisdom of the crowds, which will help curate and produce crypto research/analysis in a unique token-for-information ecosystem.

CoinFi already contracts a team of several junior equities analysts to help perform altcoin research and compile data. The team has also developed several in-house trading signals that are undergoing internal alpha testing, with promising results.

The first round of the presale begins Dec 15, 2017, with bonuses up to 35%. With only a $1.6 million cap on the round, interested participants are highly encouraged to reserve their spot on the whitelist now by registering here.

Press Release

State of the Crypto

Bitcoin is up 5.86% at $12,491.900 with a volume of Ƀ121.7k - $1452.9M on the USD pairs.

Ether is down 9.72% against Bitcoin at Ƀ0.03575 per Ether and down 3.65% against the dollar to $450.42 with average volume Ƀ38.5k on the ETH/BTC pair.

Bitcoin Cash is down 14.05% to Ƀ0.115 with volumes of Ƀ33.0k and down 8.9% against the dollar at $1431.45.

Ripple is down 10.97% to Ƀ0.00001835 with volumes of Ƀ6.7k and down 5.48% against the dollar at $0.2293.

Zcash is down 2.08% for the day to Ƀ0.02681 per ZEC and up 3.68% against the dollar to $334.81 with an average volume of Ƀ5.4k for the 24 hour period.

Litecoin is down 0.26% against the dollar for the day at $102.47 and down 6.37% to Ƀ0.008137 on volumes of Ƀ10.8k.

Dash is down 10.23% at Ƀ0.0581 with Ƀ10.0k volume and down 4.96% against the dollar at $727.42.

Iota is up 85.41% to Ƀ0.0004513 on Ƀ37.5k volume.

Ether Classic is down 11.89% to Ƀ0.002156 with volumes of Ƀ8.0k and down 6.77% against the dollar at $26.98.

Monero is up 19.96% against the dollar at $261.7 and up 13.38% against Bitcoin at Ƀ0.02093 on volumes of Ƀ15.4k.

Neo is down 12.52% for the day to Ƀ0.003005 per NEO and down 7.43% against the dollar to $37.64 with an average volume of Ƀ5.5k for the 24 hour period.

Waves is down 10.34% to Ƀ0.0005621 on Ƀ3.2k volume.

Stratis is down 10.37% to Ƀ0.0005659 on Ƀ2.8k volume.

Market risers
1 TER +171.93%
2 MCAR +161.65%
3 LTCR +150.00%
4 MEME +147.12%
5 XPD +100.00%
Market losers
1 EBTC -32.85%
2 EMC2 -29.59%
3 SWT -27.43%
4 RIC -27.05%
5 DNA -25.79%
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