Market Analysis Report

17 May 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,804.12 with a loss of 4.66% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,367 representing a gain of 1.59% in the last 24 hours. More than $650 M worth of BTC were exchanged in the BTC/USD market representing a 39.3% share of the global daily volume. The BTC/JPY pair represents a 14.2% share.

The Ethereum price has risen 3.43% over the past 24 hours and is currently sitting at $710, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 24.8% market share of the daily trading volume.

For a detailed market analysis click here

SEC Launches its Own Fake ICO to Warn Investors

Yesterday, the US Securities and Exchange Commision (SEC) announced a new initiative to educate investors about fraudulent ICOs. The regulator has launched its own ICO (HoweyCoin) with a complete website showcasing the ICO pre-sale, team and whitepaper. However, the HoweyCoin is fake and the users who try to participate in the sale are redirected to the SEC's educational website, which reads:

“If You Responded To An Investment Offer Like This, You Could Have Been Scammed – HoweyCoins Are Completely Fake!”

Read more here

Amazon has Partnered With Ethereum Studio ConsenSys’ Kaleido

Amazon has partnered with blockchain incubator ConsenSys, an Ethereum-based cloud platform. With this partnership, Amazon aims to make the blockchain technology more accessible to customers of Amazon Web Services allowing them to build and manage their own blockchain platforms in an easy way. The company stated:

"Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves."

Read more here

Investment Platform Etoro Launches in the US

Last Tuesday, investment platform Etoro announced it's expanding its services into the US market, starting with an offer of 10 cryptocurrencies. The company's CEO, Yoni Assia, said:

"The launch will initially enable U.S.-based users to invest in 10 cryptocurrencies, with more to be added throughout 2018. Users will have access to a community feed and tools, letting them engage in conversations about cryptocurrencies and follow the investment strategies of other U.S. users."

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

LocalCoinSwap, a Decentralized P2P Cryptocurrency Exchange

If you invest in just one ICO this year, it’d make sense to choose the project which offers you quarterly dividends in a whole basket of top market cap coins - and simultaneously gives you the chance to own a piece of the exchange itself.  LocalCoinSwap has distilled the concept of peer to peer back to its essence, by creating a decentralized platform to facilitate direct transactions between its members.

Developing trading tools which are safe and intuitive to use in combination with a social layer, LocalCoinSwap is building the most inclusive cryptocurrency exchange to date - where any sovereign currency can be used to buy and sell a diverse range of cryptocurrencies, from any location on earth.

All LCS Cryptoshare holders earn not only profit dividends but also a right to vote on the governance of the business, including which new coins are added and new technologies invested in.  Investing makes you part of a forward-looking community which will reward that confidence with transparent and robust returns via a smart contract in perpetuity, as long as you hold the Cryptoshares.

The crowdsale runs until June 15th 2018, you can join it here - but almost 50% of the tokens are already sold.

Press Release

State of the Crypto

Bitcoin is up 1.59% at $8,367.230 with a volume of Ƀ78.4k - $653.2M on the USD pairs.

Ether is up 1.86% against Bitcoin at Ƀ0.08503 per Ether and up 3.43% against the dollar to $710.22 with average volume Ƀ36.0k on the ETH/BTC pair.

Bitcoin Cash is up 2.35% to Ƀ0.1566 with volumes of Ƀ24.5k and up 3.77% against the dollar at $1309.97.

Ripple is up 1.66% to Ƀ0.00008384 with volumes of Ƀ9.0k and up 3.27% against the dollar at $0.7019.

Zcash is up 4.48% for the day to Ƀ0.04315 per ZEC and up 6.19% against the dollar to $360.94 with an average volume of Ƀ12.6k for the 24 hour period.

Litecoin is up 2.01% against the dollar for the day at $139.51 and up 0.42% to Ƀ0.01665 on volumes of Ƀ11.4k.

Dash is up 1.07% at Ƀ0.04919 with Ƀ4.4k volume and up 2.31% against the dollar at $411.04.

Iota is up 1.14% to Ƀ0.0002309 on Ƀ2.1k volume.

Ether Classic is up 2.49% to Ƀ0.002144 with volumes of Ƀ6.9k and up 4.3% against the dollar at $17.93.

Monero is up 2.94% against the dollar at $201.62 and up 1.77% against Bitcoin at Ƀ0.02419 on volumes of Ƀ3.7k.

Neo is down 0.37% for the day to Ƀ0.007443 per NEO and up 1.22% against the dollar to $62.11 with an average volume of Ƀ3.8k for the 24 hour period.

Waves is up 2.57% to Ƀ0.0007341 on Ƀ2.6k volume.

Stratis is up 6.31% to Ƀ0.0007397 on Ƀ1.4k volume.

Cardano is up 2.26% to Ƀ0.0000303 on Ƀ3.6k volume.

NEM is up 1.35% to Ƀ0.0000391 on Ƀ660.982 volume.

EOS is up 7.88% to Ƀ0.001616 on Ƀ27.1k volume.

Tron is up 7.9% to Ƀ0.00000847 on Ƀ15.9k volume.

Stellar is up 0.4% to Ƀ0.00004012 on Ƀ1.8k volume.

Market risers
1 HBZ +53.04%
2 HPC +40.00%
3 BTX +27.43%
4 EVR +26.57%
5 RUP +25.95%
Market losers
1 OTX -38.60%
2 GUESS -19.75%
3 TAU -17.65%
4 PST -17.47%
5 WSX -16.61%
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