Market Analysis Report

11 July 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at  4,428.46 with a loss of 7.15% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,341 representing a loss of 4.02% in the last 24 hours. More than $450 M worth of BTC were exchanged in the BTC/USD market representing a 10.5% share of the global daily volume. The BTC/JPY pair represents a 47.9% share.

The Ethereum price has dropped 5.42% over the past 24 hours and is currently sitting at $432, with over $220 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 21.3% market share of the daily trading volume. The ETH/USDT pair represents a 43.6% share.

See live charts here and here

Opera Browser Introduces a Built-in Cryptocurrency Wallet

Opera is launching a new browser software that has a built-in cryptocurrency wallet. The browser is currently in private beta, which the company is now inviting new users to join. Charles Hamel, the product lead on Opera Crypto, explained in a statement:

"We believe the web of today will be the interface to the decentralized web of tomorrow. By becoming the first major browser to open up to Web 3.0, we would like to contribute to making the internet of the future more accessible."

Read more here

Stasis to Launch Euro-Pegged Stable Cryptocurrency

The Malta-based crypto outfit Stasis have recently launched their new digital currency project called EURS which is pegged at a 1:1 level against the Euro. The launch took place at the Malta Chamber of Commerce buildings where Prime Minister Joseph Muscat also made an important announcement about the new crypto and blockchain legislation that was passed through the Maltese parliament. The CEO and founder of Stasis, Gregory Klumov, stated:

"We received a lot of interest from institutional investors – these want transparency and security first and foremost. There are also those investors who want to reduce the volatility of their portfolios and are looking for a stable coin to do so."

Read more here

Pirate Bay Warns Users About Monero Mining Software

Torrent website Pirate Bay is doubling down on its plan to use visitors' processing power to mine crypto. In a disclaimer recently added to the bottom of its homepage, the website stated:

"By entering TPB you agree to [monero] being mined using your CPU. If you don't agree please leave now or install an adBlocker."

Read more here

CryptoCompare Survey - Portfolio and Forum Updates

CryptoCompare will be doing some portfolio and forum updates in the coming months, and we would love to get your input on how you use our tools and why. The survey just contains 7 quick questions, so it should not take more than 1 minute to complete.

Click here to take the survey

CryptoFriends talked Blockchain, Crypto & ICO’s at the WGES

Organised by Terrapinn, the World Gaming Executive Summit (WGES) took place between the 3-5 July 2018 at the iconic, W-Hotel in Barcelona, Spain and brought together 500+ people to discuss new technological developments in gaming including blockchain, crypto and AI.

CryptoFriends partnered with Terrapinn to host an exclusive ICO pitching session, which was moderated by CryptoFriends Ambassador Eric Benz and gave the stage to several ICO projects who were:

Following the pitches, 3 existing blockchain gaming projects spoke about their experiences of the ICO process. They were:

Eric Benz, who also participated in a separate panel discussion on the future of cryptocurrency in the gaming industry said:

“The online gaming industry has now problems and is looking for now solutions and blockchain is here to provide just that. CryptoFriends was in partnership with Terrapinn to showcase relevant ICO projects that all demonstrated ways that blockchain and crypto can be used to provide more transparency and fairness in the gaming space."

Speaking on behalf of Terrapinn, Project Director of the WGES Bianca Geldenhuys said:

“The ICO pitch was the perfect finale to main day 1 of WGES and the energy and enthusiasm in the room was an exciting indication that the gaming industry is ready to move forward with blockchain as a technology.”

Watch CryptoFriends celebrate their 1st Birthday last month in Malta here. Check out their website, Facebook, Instagram and Twitter.

Press Release

State of the Crypto

Bitcoin is down 4.02% at $6,341.460 with a volume of Ƀ71.0k - $456.2M on the USD pairs.

Ether is down 1.46% against Bitcoin at Ƀ0.06819 per Ether and down 5.42% against the dollar to $432.1 with average volume Ƀ38.3k on the ETH/BTC pair.

Bitcoin Cash is down 0.73% to Ƀ0.1088 with volumes of Ƀ17.6k and down 4.51% against the dollar at $689.43.

Ripple is up 0.27% to Ƀ0.00006999 with volumes of Ƀ9.8k and down 3.84% against the dollar at $0.4433.

Zcash is up 2.62% for the day to Ƀ0.02503 per ZEC and down 1.43% against the dollar to $158.6 with an average volume of Ƀ3.2k for the 24 hour period.

Litecoin is down 1.67% against the dollar for the day at $76.44 and up 2.55% to Ƀ0.01206 on volumes of Ƀ14.9k.

Dash is up 1.33% at Ƀ0.03434 with Ƀ5.5k volume and down 3.12% against the dollar at $217.57.

Iota is up 0.53% to Ƀ0.0001528 on Ƀ1.9k volume.

Ether Classic is down 2.57% to Ƀ0.002536 with volumes of Ƀ12.3k and down 6.36% against the dollar at $16.06.

Monero is down 3.96% against the dollar at $122.8 and down 0.05% against Bitcoin at Ƀ0.01941 on volumes of Ƀ2.7k.

Neo is down 1.87% for the day to Ƀ0.005204 per NEO and down 6.25% against the dollar to $32.83 with an average volume of Ƀ4.3k for the 24 hour period.

Waves is down 2.42% to Ƀ0.0004157 on Ƀ1.3k volume.

Stratis is up 2.61% to Ƀ0.0003737 on Ƀ488.536 volume.

Cardano is down 1.27% to Ƀ0.00002014 on Ƀ2.9k volume.

Market risers
1 DGPT +52.53%
2 WAB +28.57%
3 PCCM +25.38%
4 MITX +20.12%
5 EXB +16.67%
Market losers
1 SUR -33.33%
2 BTM -32.63%
3 STX -29.10%
4 TOA -24.49%
5 OLT -23.47%
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