CoinGecko Releases 2019 Quarter 2 Cryptocurrency Report

2019-7-19 01:00

Coinspeaker
CoinGecko Releases 2019 Quarter 2 Cryptocurrency Report

CoinGecko, one of the world’s leading cryptocurrency aggregators, today published its 2019 Quarter 2 Cryptocurrency Report. The 46-page report gives an overview of the state of the cryptocurrency market and the major events that happened in the second quarter of 2019.

Bobby Ong, co-founder of CoinGecko said the following in relation to the report,

“Crypto summer is undeniably upon us as we see the industry enter the mainstream consciousness again, in part due to Facebook’s recent announcement of Libra. The release of CoinGecko’s Trust Score during Consensus New York has been met with a positive response which emboldens our resolve to empower our users with richer data to make better-informed decisions. As with all our resources, I hope our readers will benefit from this report with the latest data and insights as they get better informed about the industry.”

Cryptocurrency Market Overview

This quarter saw an astounding 125% increase in crypto market capitalization as crypto summer began to thaw out the winter. Bitcoin led the market with a gain of 165% in value from $4,103 to $10,888. The increase in Bitcoin’s price saw its market dominance increase from 54.6% to 65.0%.

Cryptocurrency Exchange Market

The cryptocurrency exchange market has also grown significantly. A total of 302 exchanges – or 87% of all cryptocurrency exchanges tracked by CoinGecko, were added in the last 18 months throughout CoinGecko’s 5-year history. Exchange hacks have also become increasingly sophisticated where even top exchanges such as Binance were not spared with 7,070 Bitcoin worth an equivalent of $40 million was stolen off the platform.

Due to the increase in demand for a more secure trading platform, decentralized exchanges have risen in popularity as a way to combat the risks of centralized exchanges.

Highlights from the CoinGecko Quarter 2 ReportCoinGecko’s Proprietary Trust Score

CoinGecko’s Trust Score algorithm was created to address questionable trading volume reported by exchanges. CoinGecko users are now presented with normalized trading volumes based on exchange traffic statistics and in-depth order book data. With CoinGecko’s Trust Score, exchanges now have the incentive to be transparent and to empower users to make better-informed decisions.

Strong Growth in Initial Exchange Offerings (IEO)

The IEO trend continued to grow throughout Q2 2019, peaking in April with 34 IEOs and $109.9 million raised in a single month. Q2 was by far the most popular period for IEO with 66 out of 72 (91%) IEOs occurring during this period. A total of $262 million was raised via IEOs in the first half of 2019. However, only 50% of IEOs were currently traded above IEO price by the end of June 2019.

Facebook Announces Libra

The crypto industry was given mainstream media attention when social media giant Facebook announced Libra, a global blockchain-powered payment system with a vision to “reinvent money and transform the global economy”. CoinGecko summarized the content of the Libra whitepaper so that readers will have a clearer understanding of what Libra is about.

Lightning Network Growing Steadily

This report provides insights into the development of the Lightning Network, a second-layer solution for cheap and instant Bitcoin payments. The Lightning Network’s overall network capacity saw an 87% increase to over 1,100 BTC and its node count doubled to 4,576 nodes at the end of Q2 2019.

This is the 8th edition of the CoinGecko’s Quarterly Cryptocurrency Report. To read the full report, do refer to the following links:

PDF: http://bit.ly/CoinGecko-2019-Q2-Report Slideshare: https://www.slideshare.net/coingecko/coingecko-2019-q2-cryptocurrency-reportAbout CoinGecko

CoinGecko aims to provide a 360-degree overview of the cryptocurrency market. In addition to tracking cryptocurrency price, volume and network value, CoinGecko also tracks fundamental data such as community growth, open-source code development, major events and on-chain metrics. CoinGecko’s objective is to elevate participants’ understanding of the fundamental factors that drive the market. Operating since early 2014, CoinGecko is one of the largest and earliest cryptocurrency data aggregators, tracking over 5,100 tokens across 350 exchanges.

For more information, visit https://www.coingecko.com.

CoinGecko Releases 2019 Quarter 2 Cryptocurrency Report

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0032638 (-100%)

cryptocurrency 2019 quarter coingecko report releases today

cryptocurrency 2019 → Результатов: 126


Фото:

Japan’s Second Largest Bank to Launch its Own Cryptocurrency in March 2019

According to a report published by Finance Magnets, on December 26, 2018, Japan-based company Mizuho Financial Group is primed to launch its yen-pegged cryptocurrency in March 2019. Mizuho’s Stablecoin to Be Launched in March 2019 The cryptocurrency being introduced by Mizuho will have parity with the Japanese yen and can be used to make and receive payments through a mobile.

2018-12-28 06:00


Mike Novogratz Says 2019 Institutional FOMO Will Drive Bitcoin (BTC) Price to New All-Time Highs

Michael Novogratz, one of the most important figures in the cryptocurrency space and supporter of blockchain technology, said that Bitcoin could see new all time highs in 2019. According to Financial News, Novogratz said that Bitcoin could reach $20,000 dollars or even more in 2019 fueled by institutional investors. During 2017, Bitcoin moved from $950 […]

2018-11-6 04:50


Crypto Trader Ronnie Moas places $20K Bet against Vinny Lingham that BTC price will hit $28,000 By the End Of 2019

The recent cryptocurrency World crypto con in Las Vegas rounded up in an interesting situation where two top cryptocurrency investors engaged in a bet, predicting the outcome of Bitcoin in 2019. Cryptocurrency and stock trader Ronnie Moas who attended the meeting announced the $20,000 bet he put up against $CVC founder Vinny Lingham, saying that […] The post Crypto Trader Ronnie Moas places $20K Bet against Vinny Lingham that BTC price will hit $28,000 By the End Of 2019 appeared first on ZyCrypto.

2018-11-3 15:32


Фото:

Visa Looking to Launch Blockchain Solution for B2B Cross-Border Payments

In a bid to make it easier for financial institutions to send cross-border payments globally, in a fast, secure and cost-efficient way, Visa is joining forces with IBM and Bottomline Technologies to launch its B2B Connect distributed ledger technology (DLT) solution powered by Linux Foundation’s Hyperledger Fabric framework by the first quarter of 2019, reported Finextra on October 22, 2018.

2018-10-23 13:00


Фото:

Australian NSW Government Looks to Blockchain Technology For Property Conveyancing

The Australian New South Wales (NSW) Government is eager to trial blockchain technology for property conveyancing because it may make the process more efficient, cheap, secure, and reliable. According to ZDNet’s article published on October 15, 2018, the NSW Land Registry will complete a proof of concept in early 2019 with the intent of shifting all form of land registry.

2018-10-18 19:00