Market Analysis Report

10 August 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 3,751.85 with a loss of 15.26% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,327 representing a loss of 2.94% in the last 24 hours. More than $630 M worth of BTC were exchanged in the BTC/USD market representing a 25% share of the global daily volume. The BTC/JPY pair represents a 12% share.

The Ethereum price has dropped 2.39% over the past 24 hours and is currently sitting at $360, with over $220 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 21% market share of the daily trading volume.

For a detailed market analysis click here

Crypto Exchange Bittrex will Launch USD Markets for XRP and ETC

Yesterday, U.S. based cryptocurrency exchange Bittrex, announced that on the 20th of August it will launch US dollar (USD) markets for Ethereum Classic (ETC) and XRP, using a phased approach for USD trading. On the official announcement, the company stated:

"Implementing a phased rollout to help establish quality control for the new markets and ensure customers have the highest level of service possible."

Read more here

Opera to Add Built-in Cryptocurrency Wallet to Its Desktop Browser

Opera Ltd, the Norway-based company behind the popular Opera browser, is going to add its built-in cryptocurrency wallet to its desktop browser. The company mentioned that this decision was taken in response to an “overwhelmingly positive response” from the cryptocurrency community and users of its Opera for Android browser, in which a built-in crypto wallet was introduced earlier this year with support for Ethereum (ETH) and decentralized apps (DApps). Charles Hamel, product lead of Opera Crypto, stated:

"By adding a crypto wallet directly into the browser, we removed the need for complex extensions or separate apps. Opening up the PC browser to crypto marks Opera’s second step towards making cryptocurrencies and Web 3.0 mainstream."

Read more here

Ukraine Election Body Uses NEM Blockchain in Voting Trial

Ukraine's Election body has recently used NEM's blockchain in a voting trial. A member of Ukraine’s Central Election Commission, Oleksandr Stelmakh, has recently commented on Facebook regarding a voting trial conducted using NEM’s blockchain, which lets users create their own assets, he noted, allowing the tests to be conducted. According to Stelmakh’s post, blockchain’s advantages of allowing decentralized data storage and immutability can help in an electoral voting process.

Read more here

Rapid Progress in Developing Decoin's Trading and Exchange Platform, DTEP

Decoin's flagship project is the development of an innovative Decoin Trading and Exchange Platform, (the “D-TEP). The system architecture is developed by a team led by the company's CTO and managed by a technological trading and exchange platforms expert with vast experience developing platforms for top global financial institutions.  The platform is scheduled to launch by the beginning of 2019.

Currently sitting at $4.3M raised, the company has been working hard and moving quickly through the milestones on its roadmap, enhancing investor confidence with its attractive revenue sharing model which distributes trading fee revenues of the exchange to the coin holders, Decoin is positioned to start generating value for its coin holders beginning in 2019, following the release of its trading platform.

Holders of Decoin are also eligible for a 6.2% staking reward on their of DECOIN holdings, provided the user stakes DECOINs in their wallet—made possible by the company's advanced proof-of-stake algorithm.

Recently Added:

KVT added to Ongoing ICO list

Press Release

State of the Crypto

Bitcoin is down 2.94% at $6,327.300 with a volume of Ƀ100.6k - $639.1M on the USD pairs.

Ether is up 0.58% against Bitcoin at Ƀ0.05699 per Ether and down 2.39% against the dollar to $360.25 with average volume Ƀ52.0k on the ETH/BTC pair.

Bitcoin Cash is down 0.84% to Ƀ0.09399 with volumes of Ƀ17.4k and down 3.79% against the dollar at $593.89.

Ripple is up 0.83% to Ƀ0.00005435 with volumes of Ƀ11.6k and down 2.25% against the dollar at $0.3432.

Zcash is down 2.66% for the day to Ƀ0.02562 per ZEC and down 5.35% against the dollar to $162.24 with an average volume of Ƀ6.3k for the 24 hour period.

Litecoin is down 4.11% against the dollar for the day at $63.03 and down 1.38% to Ƀ0.009951 on volumes of Ƀ15.9k.

Dash is down 0.6% at Ƀ0.02793 with Ƀ4.9k volume and down 3.45% against the dollar at $176.24.

Iota is down 4.15% to Ƀ0.0001015 on Ƀ2.2k volume.

Ether Classic is down 4.22% to Ƀ0.002384 with volumes of Ƀ19.8k and down 7.15% against the dollar at $15.06.

Monero is down 3.39% against the dollar at $98.47 and down 0.32% against Bitcoin at Ƀ0.0156 on volumes of Ƀ2.7k.

Neo is down 2.45% for the day to Ƀ0.003497 per NEO and down 5.56% against the dollar to $22.07 with an average volume of Ƀ4.0k for the 24 hour period.

Waves is up 2.19% to Ƀ0.0002659 on Ƀ577.658 volume.

Stratis is down 2.26% to Ƀ0.0002598 on Ƀ201.688 volume.

Cardano is up 3.23% to Ƀ0.00001855 on Ƀ2.5k volume.

NEM is down 0.88% to Ƀ0.0000191 on Ƀ541.135 volume.

EOS is down 3.64% to Ƀ0.0008966 on Ƀ26.0k volume.

Tron is up 0.52% to Ƀ0.00000389 on Ƀ7.9k volume.

Stellar is down 1.9% to Ƀ0.00003257 on Ƀ5.2k volume.

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