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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 generally increased this week, with 72 of the TOP100 currencies increasing to varying degrees. On July 2nd, the total market cap of the TOP100 cryptocurrencies increased to 244.776 billion dollars, an 3.97% increase from last week. A total of 7 new projects entered the TOP100. On July 2, Bitcoin’s price was 6377.78 US dollars, up 6.61% from last week, and Ethereum price was 453.98 US dollars, down 0.07%. HB10’s price increased by 7.22% this week.
Bitcoin’s average number of unconfirmed transactions per block decreased by 28.3%. Number of unconfirmed transaction in Ethereum increased 178% from last week. Bitcoin’s transaction fees greatly increased. The 7-day number of unconfirmed transactions for Bitcoin and Ethereum are 2421 and 44843, respectively. Bitcoin’s Hashrate increased by 9.37% and Ethereum’s decreased by 0.05%. The average transaction fees on the Bitcoin and Ethereum network this week were $0.687 and $2.355, decreasing 33.7% and increasing 580% respectively. Total number of addresses and addresses on the Bitcoin and Ethereum network reached 25.77 million, and 40.39 million, respectively.
The most active group on Github was ELF, The team had 200 commits in the past week. Mainframe was the most popular group on Telegram. In terms of community activity, Bitcoin, Ethereum, and Ripple remain as the top 3 most popular communities on Facebook and Twitter. According to, and Reddit Keyword Map, Bitcoin, Bot (Robot) and Coinbase are the hottest discussion topics. Among the top three search engines, searches for Ethereum and Smart Contract increased, while searches for topics related to Cryptocurrencies and Blockchain in general decreased.
The US had the most ICOs this week, with Blockchain platform projects being the most popular ICO project category. Judging from the project types of the 127 ICO projects that were categorized, most projects are Platform projects, Financing, Culture and Entertainment, Gambling and Asset-backed coins. 11 investment activities took place in the Blockchain industry this week. It is worth noticing that traditional company or investors like Shunwei, Haier and Sohu are entering the market. High Performance Blockchain acquired an A Round investment of more than 10 million USD from OKcoin and Starwin Capital, the most raised this week.
For a more complete read, do click this link to find out more on Huobi Research Weekly Vol. 17 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!