Market Analysis Report

16 May 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,136.34 with a loss of 2.78% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,230 representing a loss of 5.89% in the last 24 hours. More than $800 M worth of BTC were exchanged in the BTC/USD market representing a 41.1% share of the global daily volume. The BTC/JPY pair represents a 14% share.

The Ethereum price has dropped 6.47% over the past 24 hours and is currently sitting at $685.76, with over $300 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 26.9% market share of the daily trading volume.

For a detailed market analysis click here

Circle Announce New USD-Backed Cryptocurrency

Yesterday, FinTech startup Circle announced it will be launching a new price-stable cryptocurrency called "USDC" (short for "USD Coin") this summer. The Circle USD Coin will allow customers to buy and use USDC tokens for payments and trading in the crypto ecosystem while avoiding the cryptocurrencies price volatility. This new stable coin is based on an open source fiat framework developed and governed by the CENTRE project.

"Today we announced the pending availability of tokenized US dollar coins supported by developments in the CENTRE open source framework and by a new partnership with Bitmain, which is also leading a $110M Series E equity investment in Circle."

Read more here

Coinbase Paving the Way for Institutional Investors

Yesterday, cryptocurrency exchange Coinbase announced its launching four new products striving for institutional investors (Coinbase Custody, Coinbase Markets, Coinbase Institutional Coverage Group and Coinbase Prime). Coinbase's new products goal is to bypass the infrastructural and security issues that are stopping institutions from adopting cryptocurrencies. Adam White, the company's Vice President and General Manager, said:

"We think this [Coinbase’s new product line] can unlock $10 billion of institutional investor money sitting on the sideline. We’re seeing a rapid increase in attention awareness and adoption in the cryptocurrency market.”

Read more here

LedgerX Launches CFTC-Regulated Bitcoin Savings Account

The derivatives exchange, LedgerX, has launched a Bitcoin savings account regulated by the Commodity Futures Trading Commission. The new product allows institutional investors to earn USD interest on their Bitcoin holdings over three-month, six-month, and 12-month maturity periods with target yields of up to 16% per year. LedgerX Co-founder, Juthica Chou, said:

"This interface will definitely be skewed to the long Bitcoin holders, who will likely only deposit Bitcoin who will want to earn interest off of that Bitcoin.”

Read more here

Join us at the CryptoCompare MJAC Blockchain Summit

CryptoCompare has teamed up with ADVFN and MJAC Disruptive Investment Conferences to create one of the biggest blockchain events to take place in the UK.

With over fifty leading companies exhibiting at the show, the one-day event will feature presentations and panels from major forces in the industry such as Ripple, Coinbase, Citi, BlockEx, Coinfloor and VanEck and will be followed by an after-show networking event.

Our users get an exclusive 40% discount by using the CRYPTOCOMPARE promo code at the checkout.

Get tickets here

KeplerTek - Revolutionary investment into limitless future. AI&Robotics Ecosystem powered by Blockchain

Keplertek - Top rated on all listing platforms and experts, World’s leading advisers, 2.7M+ USD funding on CBS, 50+ staff members in Inhouse office, 5000+ potential platform users and R&D members, Partnership with world’s leading universities, tech parks and innohubs.

KEPLER platform aims to create a global hub for investing in robotics and high-tech through a transparent and decentralized portal controlled and managed by investors.
After successful Community building stage, raising 2.7M+ USD, Keplertek lunches Pre-sale on May 22, 2018. Targeted goal: 4 000 000 tokens, trigger date June 5. Minimum contributions are 0.2 ETH with 30% bonus and no maximum purchase amount.

Around the world, from Robotics to AI and Neuron Engineering, Keplertek R&D team is working in leading innovative fields to contribute to the creation of the future.
50+ masterminds and professionals work 24 hours 7 days a week to launch Kepler Universe Platform and develop Kepler City project making innovations affordable for everyone.
Keplertek invites the investors over the world to invest in its unequivocally progressive attitude to challenges a modern world arises. Investing in Kepler equals investing in hundreds of startup companies concentrated on upgrading the innovative technologies and in thousands of young potentials embodying their talents in benefits of our common future!

Read more here

Press Release

State of the Crypto

Bitcoin is down 5.89% at $8,230.050 with a volume of Ƀ96.6k - $822.1M on the USD pairs.

Ether is down 0.71% against Bitcoin at Ƀ0.08337 per Ether and down 6.47% against the dollar to $685.76 with average volume Ƀ42.2k on the ETH/BTC pair.

Bitcoin Cash is down 6.68% to Ƀ0.1522 with volumes of Ƀ31.3k and down 12.07% against the dollar at $1252.31.

Ripple is down 3.15% to Ƀ0.00008228 with volumes of Ƀ10.5k and down 8.67% against the dollar at $0.6772.

Zcash is up 1.39% for the day to Ƀ0.04147 per ZEC and down 4.74% against the dollar to $339.59 with an average volume of Ƀ17.4k for the 24 hour period.

Litecoin is down 7.55% against the dollar for the day at $136.36 and down 2.01% to Ƀ0.01655 on volumes of Ƀ14.4k.

Dash is down 3.84% at Ƀ0.04886 with Ƀ5.1k volume and down 9.36% against the dollar at $402.17.

Iota is up 1.11% to Ƀ0.0002277 on Ƀ3.0k volume.

Ether Classic is down 6.35% to Ƀ0.002094 with volumes of Ƀ9.5k and down 11.83% against the dollar at $17.22.

Monero is down 10.23% against the dollar at $194.76 and down 4.2% against Bitcoin at Ƀ0.02373 on volumes of Ƀ4.6k.

Neo is down 5.42% for the day to Ƀ0.007438 per NEO and down 10.94% against the dollar to $61.24 with an average volume of Ƀ3.7k for the 24 hour period.

Waves is down 8.05% to Ƀ0.0007106 on Ƀ3.1k volume.

Stratis is down 5.42% to Ƀ0.0006887 on Ƀ928.632 volume.

Cardano is down 5.49% to Ƀ0.00002962 on Ƀ3.9k volume.

NEM is down 7.4% to Ƀ0.0000388 on Ƀ1.3k volume.

EOS is down 7.94% to Ƀ0.001496 on Ƀ27.5k volume.

Tron is down 4.25% to Ƀ0.00000788 on Ƀ13.0k volume.

Stellar is down 4.76% to Ƀ0.0000402 on Ƀ2.1k volume.

Market risers
1 EXB +86.67%
2 VTR +74.72%
3 BRG +50.00%
4 HLD +47.50%
5 BIG +39.74%
Market losers
1 ABTC -36.49%
2 PCCM -36.10%
3 SCT* -26.40%
4 MEC -25.54%
5 FUNDZ -24.52%
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