Monday, 12 November 2018 11:16

COINGECKO QUARTERLY REPORT Q3 2018 Featured

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The full Q3 2018 Cryptocurrency Report by CoinGecko. Top highlights of the report: market dynamics and yearly market overview.

Total market capitalization has carried on its decline from Q2. Despite the downward pressure, market capitalization has been relatively stable in Q3 with trading volume growing.

Exchanges implementing trans-fee mining was a big trend in Q3. Trans-fee mining is the "mining" or creation of new exchange-based tokens via rebates of the exchange's transaction fees. The introduction of trans-fee mining have significantly changed the dominance rank for cryptocurrency exchanges in Q3 as compared to Q2.

A majority of news updates in Q3 relates to government regulation and mainstream adoption of blockchain technology. There is significantly less chatter around new ICO projects.

Despite the bearish market sentiment, there are still many project that attempted to raise funds via ICO. However, only half of them manage to complete their ICO with the average amount raised decreasing from $10.4 million in Q2 to $8.2 million in Q3.

CoinGecko collaborated with Masternodes.Online to produce a quarterly special with an insight into the growing masternodes space. The number of masternodes have been steadily increasing as investors seek alternative investment in this bearish market.

CoinGecko collaborated Nonfungible.com to take a deeper look into Non-Fungible Tokens (NFT). With the introduction of Cryptokitties and the introduction of the ERC-721 standard, NFT have gain significant popularity in 2018 with transaction volume doubled between January and October 2018.

Source: CoinGecko: 360° Market Overview of Coins & Cryptocurrencies

Read 428 times Last modified on Monday, 12 November 2018 22:45

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