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Huobi Research of Blockchain Application generates a weekly cryptocurrency market review report called Huobi Research Weekly, and following is the abstract.
Market cap and transaction volume of cryptocurrencies declined this week, 95 currencies experienced a decline of over 20%. On June 17th, the total market cap of the TOP100 cryptocurrencies decrease to 2800.96 billion dollars, a 13.61% decrease from previous week. Also, 95 of the market cap of TOP100 cryptocurrencies decreased. 24h total market trading volume decreased by 31.00% compared to that of the previous week. KCS is the top performer this week, and its market cap increased by 666.16%. Bitcoin price was $6545.90, down 12.82% from last week and Ethereum price was $501.3, down 12.81% from last week. HB10 decreased by 12.76% this week.
Number of average transactions per block and block size in Bitcoin and Ethereum both decreased this week. Number of unconfirmed transaction in Ethereum decreased 57.7% from last week. Bitcoin transaction fees hugely decreased, and Ethereum transaction fees significantly decreased. Hashrate of bitcoin increased by 3.88% and that of Ethereum increased by 1.18%. The average transaction fee in Bitcoin and Ethereum network this week were $1.06 and $0.24, increasing 26.79% and decreasing 32.8% respectively from last week. In terms of technical activity, number of unconfirmed transaction in Ethereum network and Bitcoin reached 11308 and 3177 respectively. Total number of the Bitcoin addresses and Ethereum addresses reached 25.34 million, and 39.31 million respectively.
The most active group at GitHub was ZRX, which had 77 commits in the past week. In terms of community activity, Bitcoin, Ethereum and Ripple remained the top3 famous communities in Facebook. Ripple, Bitcoin and Ethereum ranked top 3 on Twitter. Referum has the largest community on telegram, and the most popular telegram group in the past 24hours was CREDITS.
New digital assets fundraising this week mostly come from the United States. 48 new digital asset projects finalized their public funding process, most of them focused on application area, followed by exchanges, software, real estate, investments, banks, and mine pools etc. Among 12 fundraising projects in the Blockchain area that we followed, Social Lending and Coinbull both recently raised over ten million RMB in strategic funding. In addition, the Huobi Global Ecological Fund has invested in the GRE Global Venture Exchange and the specific amount has not been disclosed.
For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 15 here. This exclusive report is currently free for download below. The data in this article is produced by Huobi Academy of Blockchain Assets. Find out more today!