Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,345.79 with a gain of 1.70% for the day.

See the live index here

Market Update

Yesterday, the total market capitalization for cryptocurrencies exceeded $300 Billions for the first time. Currently, the market cap for all cryptocurrencies is sitting at roughly $304.5 B.

At the time of writing, the Bitcoin price is sitting at $9,701, representing a gain of 8.83% in the last 24 hours. The total market capitalization of Bitcoin is over $162 billion, following the establishment of a new all-time high of roughly $9,705 earlier today. More than $900M worth of BTC were exchanged in the BTC/USD market, representing a 19% share of daily volume, second to the JPY at 65%.

Currently sitting at $485, the Ethereum price has risen 5% in the last day. Over $210M worth of Ether were exchanged in the past 24 hours on the ETH/USD pair which has a 27% market share of the daily trading volume.

Bitcoin Cash rose 2.5% over the last 24-hours, with BCH currently trading at $1649. More than $100M worth of BCH were exchanged on the BCH/USD pair and the current market cap for Bitcoin Cash is $28.5 B.

See live charts here, here and here

Vitalik Lays Out Ethereum 2.0 Roadmap In Taiwan

Vitalik Buterin, co-founder of Ethereum, has laid out the future plan of the Blockchain platform at a conference in Taipei, dealing with some of the biggest problems in Ethereum and suggesting how the future might shape up. Having already provided a substantial amount of information, the new update from Buterin gives more specific details. The statement from Buterin began with a commentary on the many Ethereum replacements that have come on the market in recent months. He said:

“The Ethereum killer is Ethereum, the Ethereum of China is Ethereum, the Ethereum of Taiwan is Ethereum ... 2.0.”

Read more here

Coingather Exchange Has Been Offline for Days

Coingather, a cryptocurrency exchange, has disappeared from the web, alarming customers who fear their funds are gone. The Coingather.com domain has been offline since Wednesday, November 22, and with no word on Twitter from customer support, there are fears the site’s operators have pulled an exit scam.

The site’s admin, who goes by the name of Rapta on the Bitcointalk forum, has been offline for a week.

Read more here

John McAfee Says Android-based Smartphones are not Safe

In an interview with Cryptocoin.News John McAfee explained more about the risks users might be taking by browsing the internet using Android-based smartphones. He was particularly concerned about a number of vulnerabilities in the operating systems of many flavours of Android on a variety of smartphones. He claimed that apart from the Samsung S7 all other types of phones have serious defects that make users a risk when visiting websites and even accessing wifi hotspots.

McAfee explained that blockchain based solutions now offer solutions to existing problems that can make a real difference to the quality of people’s lives and their online security.

Read more here

Recently Added:

LOCI added to Upcoming ICO list

Simple Token Hits >119% of Target, Sale Ends 1-Dec

Simple Token, the platform that enables mainstream companies to easily launch their own cryptocurrencies on a blockchain, announced that it has sold 119% of its target with 7 days remaining in its ICO.

The Simple Token sale is live now at https://sale.simpletoken.org and lasts until Dec 1st or when the hard cap of 240 million ST is sold.

2870 persons have participated in the token sale already.

Simple Token has taken a unique community-first approach to their token sale:

  • ETH Price Bonuses: The project provided an across-the-board 15% bonus to all buyers in consideration of the recent run-up in ETH prices.

  • ST Target Hit!: Since the project’s Target of 100,000,000 ST was hit, all purchasers will receive a 20% ST Target Bonus. This applies to all existing and future purchases during the ICO.

  • ST Kicker: When a total of 120,000,000 ST are sold, all purchasers will receive the 25% Kicker Bonus.

  • ST Power: When a total of 180,000,000 ST are been sold, all purchasers will receive the 30% Power Bonus.

Simple Token is endorsed by Gil Penchina and Mark Bonchek, and featured in a recent AMA with Ian Balina.

Debitum Network - Innovative Financing Platform for SMEs

70% of small and medium businesses (SMEs) worldwide lack access to any credit at all. Debitum Network has a solution - dubbing itself as “funding on steroids,” the team of technology and finance professionals is creating a decentralized and transparent ecosystem. Utilising blockchain technology based on Etherium, Debitum Network strives to eliminate the middleman (banks) and connect SMEs around the world to financing opportunities otherwise unavailable to them.

The project has already got a lot of attention: on 31 October, Debitum Network has beaten 120 other applicants in the highly regarded ICO Pitch Competition at d10e Gibraltar, the leading international conference in decentralization. Debitum won both the jury and audience awards, the first time this has happened in the history of the event.

Debitum Network is opening its crowdsale on December 7th, 3 pm GMT. For further information, including a demo of its MVP and a white paper, click here.

Press Release

State of the Crypto

Bitcoin is up 8.83% at $9,701.350 with a volume of $96.2k - $901.4M on the USD pairs.

Litecoin is up 6.23% against the dollar for the day at $91.87 and down 2.63% to Ƀ0.009411 on volumes of Ƀ7.9k.

Ether is down 3.01% against Bitcoin at Ƀ0.04999 per Ether and up 5.04% against the dollar to $485.31 with average volume Ƀ32.1k on the ETH/BTC pair.

Dash is down 6.31% at Ƀ0.065 with Ƀ6.2k volume and up 1.65% against the dollar at $628.88.

Ripple is down 7.86% to Ƀ0.00002555 with volumes of Ƀ4.6k and up 0.85% against the dollar at $0.2482.

Zcash is down 7.54% for the day to Ƀ0.0353 per ZEC and up 0.43% against the dollar to $341.88 with an average volume of Ƀ3.9k for the 24 hour period.

Monero is up 1.32% against the dollar at $164.54 and down 5.86% against Bitcoin at Ƀ0.01703 on volumes of Ƀ3.8k.

Ether Classic is down 6.01% to Ƀ0.002268 with volumes of Ƀ3.0k and up 2.14% against the dollar at $21.96.

Bitcoin Cash is down 4.8% to Ƀ0.1704 with volumes of Ƀ44.6k and up 2.56% against the dollar at $1649.84.

Iota is down 3.43% to Ƀ0.00008568 on Ƀ 1.9k volume.

Waves is down 5.74% to Ƀ0.00058 on Ƀ2.6k volume.

Stratis is down 6.32% to Ƀ0.000477 on Ƀ1.3k volume.

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