📊‍ Infographics Alexander Goborov

ICO Monthly Totals in 2018: USD

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June gathers almost 6 billion USD in ICO funds
ICO Monthly Totals in 2018: USD

ICO stands for Initial Coin Offering, a term which is heard pretty much non-stop today in the fast-paced world of cryptocurrency. In many ways, ICO is very similar to the older term IPO (Initial Public Offering), in which members of the public are offered to purchase shares of a company. Accordingly, ICOs are essentially a form of crowdfunding needed to allocate enough monetary resources in order to support and secure a new crypto unit release.

The first cryptocurrency to use this method of funding was Mastercoin in 2013, followed by Ethereum in 2014, and then Waves in 2016. Alas, the ICO scene is shrouded in scandal with some crypto minds allegedly fleeing their investors with stuffed pockets; however, billions of dollars are still being raised every month by new, legitimate crypto players.

The graph below shows what the ICO situation is like right now. The year started with January gathering almost 2 billion US dollars in ICO funds; March saw over 4 billion; and June, this year’s record so far (and likely to remain so), saw close to 6 billion dollars in funding.

After the subsequent wane in the late summer and early autumn, October has gathered around 350 million US dollars in its first ten days. Let’s wait and see how this crypto year wraps up as Christmas is fast approaching.

ICO Total 2018

 

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Japanese Yen Is On Track to Overtake US Dollar in Bitcoin Trading: Research

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After China’s crackdown on cryptocurrencies, the land of the rising sun has become a dominant force in the Asian market
Japanese Yen Is On Track to Overtake US Dollar in Bitcoin Trading: Research
Contents

According to a new DataLight study, the US Dollar (USD) is the most traded fiat currency for Bitcoin (BTC). The Japanese Yen (JPY) comes in second place, trailing the dollar by a very small margin (48.67 percent and 45.38 percent, respectively).

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Will the US Dollar be overtaken?

The USD enjoys the status of a global currency that is accepted throughout the world, so it’s dominance in the cryptocurrency market is expected. However, the fact that the Japanese Yen is breathing down its neck is far more surprising. With a miniscule 3 percent difference, there is a good chance that JPY could become the most popular currency traded for the US dollar in the nearest future. Japan is enticing for crypto enthusiasts because of its Bitcoin-friendly regulations and a fast pace of merchant adoption.   

Together, the two dominant currencies account for a whopping 94.05 percent of the total trading volume.  

Other currencies

While the lion’s share of the market is occupied by the US Dollar and the Japanese Yen, one should also pay attention to the tiny piece of the pie that is left. The Korean Won (KRW) and Euro (EUR) take third and fourth places with 2.03 percent and 1.85 percent of the volume share, respectively.

The British Pound (GBP), the Polish Zloty (PLN) and the Russian Ruble (RUB) are among the top 10 entries. The Turkish Lira (TRY) sneaked onto the list with 0.16 percent (the country saw a spike in Bitcoin trading after the diplomatic spat with the US).
 

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Tron Is Picking Up Steam on Twitter: Research

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Tron’s Twitter hype is growing exponentially, and Justin Sun’s aggressive marketing campaign might be the main catalyst for the growth
Tron Is Picking Up Steam on Twitter: Research
Contents

According to recent data published by cryptocurrency-oriented research platform DataLight, the number of TRX Twitter mentions reached a brand-new peak on Jan. 9. Tron has been on a roll recently with a slew of announcements that were also spiced up by some controversies.     

A new peak

DataLight has been tracking Tron Twitter mentions since Jun. 25, 2018. Jan. 9 turned out to be historic for the community given that Tron managed to accumulate a whopping 52,722 mentions. The previous record, which has been recently shattered, was set on Dec. 24 with 46,523 mentions. As U.Today reported earlier, that was also the day when the network hit an important milestone: 1 mln user addresses.  

Is there a pattern?  

There is a rather distinguishable pattern – the peak of Twitter activity corresponds to a huge influx of new addresses. For instance, the Tron network recorded 41,133 new addresses on Dec. 24 (the highest number since the beginning of the tracking period). Subsequently, it coincided with the peak of Twitter activity. Tron’s current Twitter hype peak was followed by 29,413 addresses that joined the network the day before.    

Tron’s ruling the roost

Tron CEO Justin Sun is one of the most active crypto personalities on Twitter with more than 734,000 followers. While critics call his style ‘Trumpian’, he keeps celebrating every milestone, possibly contributing to the project’s success. Tron (TRX) is currently sitting at 9th place on CMC, having recently surpassed Bitcoin Cash offshoot Bitcoin SV.
 

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Annual Market Cap Report: BTC and ETH in Decline, XRP Fighting Back

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As this year’s fourth quarter is almost through, the annual market cap stats are in: while Bitcoin and Ethereum are in real trouble, Ripple is actually doing better
Annual Market Cap Report: BTC and ETH in Decline, XRP Fighting Back
Contents

This year has been one big crypto drama unfolding before the eyes of those who have anything to do with the world of Blockchain. It started as the December 2017 Bitcoin bubble was coming to a pop, followed by a period of gradual recession, then stagnation, and finally a sharp dive towards the end of 2018, ironically, the scandalous finale being the exact opposite of the situation from twelve months ago.

But not everything is a gloomy as it might seem, for there are, it turns out, some winners here after all, and not just among devious traders, but, more interestingly, among the crypto coins themselves.

So, let us have a closer look at the latest market cap stats from this year, organized quarterly. This analysis was conducted independently and in the following way: daily market cap figures were collected, then manually turned into monthly averages, and finally into quarterly means. The three current leaders were examined: Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). Here is the end result:

image

1st Quarter

The first quarter of 2018 started well for everyone. Bitcoin was at around 177.5 billion USD, Ethereum at over 66 billion USD, and Ripple at over 46.5 billion USD. The difference between BTC and the other two was vast; the difference between ETH and XRP was minimal.

2nd Quarter

In the second quarter, there was a decline for everyone. Bitcoin dropped to around 140 billion USD, Ethereum to around 60 billion USD, and Ripple to around 27 billion USD. Because BTC’s drop was not yet its biggest (21%) and ETH’s was the smallest of all three (9%), it was XRP that suffered the most: it dropped almost 42%, and the gap between ETH and XRP increased substantially from the first quarter.

3rd Quarter

The drop continued. Bitcoin fell to around 117 billion USD, Ethereum to around 34 billion USD, and Ripple to around 16 billion USD. BTC’s decrease of 16% was not as heavy as in the second quarter, while XRP’s rate of decline remained the same (around 41%). In this quarter, it was ETH that lost a great deal of vitality: its grip on the market decreased by almost 44%, which led to a less pronounced gap between ETH and XRP.

4th Quarter

This quarter is comprised of the months of October, November, and December. While the figures were obviously heavily influenced by the more recent events, these are, of course, quarterly aggregate averages which are meant to reflect an overall situation this year. As a result, the figures from Q4 differ from today’s averages of 71 billion USD (BTC), 15 billion USD (XRP), and 12 billion USD (ETH) by the very nature of this statistic.

So, in this final quarter of 2018, Bitcoin dropped to around 90 billion USD (23%), Ethereum fell to around 16 billion USD (a nosedive of 53%), and XRP actually rose to around 17 billion USD (6%). Ripple’s comeback was possible thanks in parts to XRP’s performance earlier in the fall, and in parts because of BTC’s violent plunge in November which gave XRP a sudden boost from investors and traders alike. Consequently, the gap between BTC and the other two market leaders became proportionally larger, and XRP overtook ETH as the second most valuable currency in the world.

Conclusion

The general trend has a very logical feel to it. At this point, there are two main scenarios: further down or back up. Whichever one prevails is unclear. What is clear, however, is this:

1) The values of major coins (both market cap and price) will in any case, sooner or later, see their former glory and probably even surpass previous records;

2) Unless Ethereum futures become a major game changer, Ripple may prove to be an unbeatable rival for Ethereum to claim back its position as the second most valuable cryptocoin;

3) Such new trading features as Bitcoin Exchange-Traded Funds, which are pending approval by SEC and now gaining in popularity, and security tokens may just alter the crypto landscape so drastically that all other predictions could become largely inadequate in the long run.

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Crypto ATMs on the Rise Despite Ongoing Crisis: Figures Paint a Promising Picture

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While the market is still going through major turmoil, the number of ATMs that support Bitcoin, Litecoin, and Ethereum has doubled in 2018
Crypto ATMs on the Rise Despite Ongoing Crisis: Figures Paint a Promising Picture
Contents

With 2018 coming to a close and famous Jingle Bells already ringing in the distance, it’s time to look at this year’s latest crypto stats. While many vitals are still being kept down by the stubborn bears of the economy, it turns out that the number of crypto ATMs has doubled this year compared to 2017.

Number of ATMs

Number of ATMs

With only 3 crypto ATMs in 2013, their number grew almost a hundredfold in 2014, taking the total to around 300, increased by a further 150% in 2015, taking the total to over 450, then doubled in 2016, taking it to over 900, increased by a further 215% last year, taking the total figure to almost 1950, and finally more than doubled again this year, giving us today’s impressive total of 4051 crypto ATMs worldwide.

Type of ATMs

With these ATMs, the situation is as follows:

crypto ATMs

Of the 4051 crypto ATMs in total, all but five of them support Bitcoin (4046); around 60% support Litecoin (2421); almost half of them support Ethereum (1993); close to 35% support Bitcoin Cash (1356), i.e. before the fork and subsequently BCH ABC and/or SV thereafter; almost 20% support Dash (729); 3% support Monero (120); 2% support Dogecoin (79); and just under 2% support Zcash (67).

Conclusion

Bear in mind that crypto ATMs are not just ATMs in the traditional sense of the word. Crucially, they allow users not only to receive money like any other machine of the kind, but also—by its very nature—conduct fiat-to-crypto as well as crypto-to-fiat exchanges on the spot. In other words, one can momentarily trade cryptocurrencies through these ATMs by either putting local fiat in (i.e. ‘deposit cash and buy crypto’) or taking local fiat out (i.e. ‘sell crypto and withdraw cash’).

The former option is arguably more common in many third-world countries among those wishing to escape hyperinflation, while the latter is arguably more popular in first and second world countries among those looking to spend some of their savings.

Granted, not all of these ATMs are spread widely as very many are concentrated in the crypto hubs of the world, among them places like San Francisco, Amsterdam, and Buenos Aires. Be that as it may, the overall positive trend is there, and where it takes us exactly we shall see soon enough, in 2019.

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Top Cryptocurrencies by Number of Network Connections: EOS Has the Most, Nearly 300 Billion

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Today, we bring you the latest stats on top cryptocurrencies and their respective network connections: EOS has the most, followed by Bitcoin and Ethereum
Top Cryptocurrencies by Number of Network Connections: EOS Has the Most, Nearly 300 Billion
Contents

There are many ways to measure how strong a network’s presence is on the Blockchain. One can, for instance, choose to focus exclusively on finance and look at any given company’s market cap or price per each one of its digital tokens. In terms of computational power, a hash rate can be examined to calculate the speed a network is operating at. What can also be done to get a sense of a network’s power capacity is to work out how many network connections that network has. And this is exactly what we have done:

Top Cryptocurrencies

EOS

EOS was founded by the CEO of Block.one, Brendan Blumer, and the programmer Daniel Larimer, who is also one of the co-founders of Steemit. Despite the network’s comparatively young age―it came out only this year―and an avalanche of criticism from its archnemesis Ethereum, EOS is currently the seventh cryptocurrency in the world by market cap. To top it off, now EOS is also starting to approach 300 billion in network connections, the present number being 284 165 661 984, which makes EOS the most developed network in the world by this standard, no less.

Bitcoin

Despite the ongoing crisis which saw Bitcoin’s price drop by almost 50% in relation to its value from 3 months ago, the first crypto coin to have ever come out still to this day remains the first crypto coin by market cap, as well as price. In addition, Bitcoin’s computational power has been recently revealed to be as strong as ever with 47 quintillion 256-character hashes every single second. On this list, too, the network is baring its digital teeth with over 123 billion network connections, 123 102 796 362 to be exact, putting Bitcoin at our number two.

Ethereum

Vitalik Buterin’s creation was born as Ethereum Switzerland GmbH back in 2014 in the region of Central Switzerland, now commonly known as Crypto Valley. One of the most sought-after cryptocurrencies today and the third one in the world by market cap―courtesy of XRP’s sudden overtake from a month ago―Ethereum is also third on our list by the number of network connections: it has close to 116.5 billion of them,116 313 334 020 to be precise.

TRON

TRON was launched by Justin Sun in 2017 through Singapore based non-profit organization The Tron Foundation after its founder, a native of China, moved to the US to further his knowledge and expand business opportunities. Now based in San Francisco, Justin has led his fintech company, which also consists of a decentralized exchange, to become the tenth in the world by market cap. Concurrently, TRON is fourth on our list of network connections with over 35 billion of them, 36 133 988 865 to be more exact.

Dogecoin

Dogecoin, a crypto platform with its digital currency of the same name, was established five years ago, in December 2013. With its as unusual as it is adorable logo depicting a Shiba Inu dog from Japan―which became a widespread Internet meme in the months preceding the network’s launch―Dogecoin is the twentieth altcoin in the world by market cap today, based on stats at the time of writing. Although it cannot compete with some other networks’ capacities on this list, Dogecoin is at our respectable number five with almost 2.5 billion network connections, 2 351 728 353 to be precise.

Ripple

Ripple with its altcoin XRP is the second biggest crypto company in the world by market cap in spite of its seemingly low price of 30 US cents a pop. Initially developed in 2004 by Ryan Fugger from Vancouver, Canada, and subsequently launched in 2012 by Chris Larsen and Jed McCaleb, who is now with Stellar, the platform has a head office in San Francisco, California. Due to how the network is built, e.g. no mining is allowed, Ripple has under 2 billion network connections, 1 661 088 496 to be exact, our number six, which is clearly proving to be sufficient enough to stay among the market leaders.

Litecoin

Litecoin was the second major crypto coin after Bitcoin to have ever been launched, a feat successfully achieved in 2011 by Charlie Lee, a former Google employee and senior engineer at Coinbase. The ninth cryptocurrency in the world by market cap as of right now, Litecoin has over 1.5 billion network connections, more specifically 1 553 637 325, giving this platform the penultimate spot on our list. Incidentally, for those interested in bureaucratic details, The Litecoin Foundation is listed as a registered entity in Singapore.

Ethereum Classic

And finally, the last position on our list is held by Ethereum Classic, a network which is currently at number seventeen in the world by market cap. As the name implies, Ethereum Classic has the same roots as Ethereum; however, after a scandalous 2016 fork following a theft of 3.6 million Ether from venture capital fund The DAO, a decision was made to split the company into two. Those who wanted to improve the algorithm, including Buterin, formed Ethereum; those who dug their heels in and stood pat in the face of progress became Ethereum Classic. Now, the latter has just under 1 billion network connections, 921 664 623 to be precise, over 116 times fewer than Ethereum has today.

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