Alexander Goborov

Selected Cryptocurrencies: Volatility Figures for the Past 3 Months

With more and more traders resorting to minor altcoins for business, these new volatility figures are sure to be of use to many
Selected Cryptocurrencies: Volatility Figures for the Past 3 Months

Volatility is an important parameter to consider whilst preparing to conduct trades, especially with lesser known currencies that these days are bought and sold every hour as a promising pathway to quick profits. It shows how unstable any given cryptocurrency’s market price is and how much periodic price figures deviate from the average, which can be seen by percent.

If you take any column of price values, calculate their average (i.e. mean), then look at how much each value is different from that average (i.e. get the deviations), square all those deviations and, in turn, calculate their own mean, you will get statistical variance. Calculate the square root of that variance, and you will get what is known as standard deviation. Turn that standard deviation into percentage representations, and here is your volatility.  

Having processed prices of the selected altcoins taken at five minute intervals for the past three months and calculated their respective variance and standard deviation, our partners Datalight are now providing their corresponding percentage figures, i.e. the volatility, with market cap ratings relevant to the time of the statistical analysis having been written underneath:

VOLATILITY GRAPH

MobileGo (MGO), Holo (HOT), LockTrip (LOC) are all at around 60%; Haven Protocol (XHV) and Energi (NRG) are at around 70%; Smartlands (SLT) is at around 80%; Nasdacoin (NSD) and Everipedia (IQ) are at around 90%; Etheera (ETA) is at around 110%; and finally, Box Token (BOX) is at over 550%, very volatile indeed.

views
👓 Recommended articles
Alexander Goborov

October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Electrify.Asia has by far the most new ERC-20 token holders, which means it is currently the most popular cryptocurrency on the Ethereum network
October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Ethereum is one of the leaders of today’s crypto world: it is second only to Bitcoin by market cap with 20.5 billion US dollars; right now, it is also standing at number four in terms if its monetary value following Bitcoin, Maker, and Bitcoin cash with almost 200 USD for one coin of Ether.

But, of course, Ethereum is not only a giant platform that generates its own cryptocurrency: it also lets other cryptocurrencies use its Blockchain network, so long that all of the technical rules are observed within the ecosystem. As a result, all cryptocurrencies that are hosted by Ethereum, apart from its own Ether, must be ERC-20 compliant (Ethereum Request for Comment), and every holder of an Ethereum-based cryptocurrency is thus also a de facto holder of an ERC-20 token.

This means that ERC-20 token holder figures are indicative of how well a crypto coin is doing within the larger Ethereum framework. The more ERC-20 token holders there are, the better that “guest” currency is doing, and since Ethereum is also one of the market leaders, any given cryptocurrency’s internal popularity on Ethereum also directly reflects on how well it is paddling through the crypto sea in general.

Below is the top 10 list of this October’s new ERC-20 token holders for each of the leading Ethereum-based cryptocurrencies:

This October’s New Token Holders

The current winner by a landslide is Electrify.Asia with almost 100 000 new ERC-20 token holders this October, followed by XMax with around 13 500 new token holders, then Moneytoken with around 12 000, Skrumble Network with around 9 000, 0xcert with roughly 8 000, SALT with 7 000, UChain is lagging slightly behind with around 6 800, FansTime has close to 6 500 token holders, DAEX around 4 500, and finally Datum is in last place with just under 4 000 new ERC-20 token holders this October.

Being “the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy” and with their slogan promising to “build an intelligent energy ecosystem for Asia”, the Singapore-based Electrify.Asia, headed by Julius Tan and Martin Lim, have set very high expectations for themselves. Let’s see what happens closer to the New Year!

💼 Related Article
Top 10 Trading Pairs on Binance and Bitfinex Show Interesting Exchanges
🔥 Hot
1 month 2 weeks
256
Top 10 Trading Pairs on Binance and Bitfinex Show Interesting Exchanges

views
👓 Recommended articles
🤷 Opinions Alexander Goborov

The Blockchain Market Continues to Expand: Predictions for the Near Future

Opinions
The global Blockchain technology market is expected to reach almost 2.5 billion USD by the year 2021
The Blockchain Market Continues to Expand: Predictions for the Near Future

According to the recently acquired data by the research portal Statista (based in Hamburg, Germany), which have been kindly shared with UToday, the global Blockchain technology market is set to grow at an impressive rate in the near future. The trend looks as follows:

image

Having moved past the ~200 million USD mark two years ago, the ~350 million USD mark last year, and the ~550 million USD mark this year, the forecast predicts close to 1 billion USD next year and almost 1.5 billion USD in 2020. The projected figure for the year 2021 is set to be around 2.5 billion USD.

Note that these numbers pertain to the actual market adoption of the Blockchain technology and does not include money pools associated with daily cryptocurrency speculations, nor market capitalization values of individual altcoins.

For more insights look here:

💼 Related Article
Number of Coins and Tokens Listed on Exchange Platforms: HITBTC Has the Most
🔥 Hot
1 month
256
Number of Coins and Tokens Listed on Exchange Platforms: HITBTC Has the Most

💼 Related Article
USA: Biannual History of Weekly LocalBitcoins Volume
🔥 Hot
1 month 1 week
256
USA: Biannual History of Weekly LocalBitcoins Volume

💼 Related Article
ICO Monthly Totals in 2018: USD
🔥 Hot
2 months
256
ICO Monthly Totals in 2018: USD

🤷 Opinions
views
👓 Recommended articles
Alexander Goborov

Today’s Biggest Crypto Winners by Name

Nakamoto tops the crypto list with $6 billion
Today’s Biggest Crypto Winners by Name

Last week, we looked at The Biggest Crypto Owners in the World by Nation. It turns out that while Turkey’s 18% of the population reportedly own cryptocurrency, it is the United States with its 8% of the population that actually has the largest number of cryptocurrency owners, around 26 million people. That, coupled together with another fact about the US having the most computational power, miners, and Bitcoin nodes, puts the United States far ahead of its crypto rivals.

Today, we bring you the Biggest Crypto Winners by Name, a fresh list that has been put together with an aggregation technique of analyzing data from various online sources. Unsurprisingly, this list is also dominated by the Americans. Almost entirely. But not quite…

 the Biggest Crypto Winners by Name

In 7th place is Charlie Shrem (USA), an interesting character to say the least, one of the biggest Bitcoin pioneers who was at one point under criminal investigation for money laundering with a subsequent two-year prison sentence. Clearly, that did not curb the man’s crypto enthusiasm, and he is now back with a hefty $450 million, according to many sources.

In 6th place is the founder of Digital Currency Group and owner of Genesis, Barry Silbert (USA), with an estimated net worth of over $500 million. In 2014, he bought 48 000 Bitcoins in an auction held by US Marshals due to the shutting down of Silk Road; as a result, he has since been able to reap tremendous financial benefits from Bitcoin’s climb to the top.

In 5th place are the famous Winklevoss Twins (USA) with their supposed combined wealth of $600 million. While Cameron and Tyler were unsuccessful in gaining control of Facebook in the well-publicized legal battle against Mark Zuckerberg, as they were unsuccessful in creating a Bitcoin Exchange Traded Fund (ETF), they did invest religiously in Bitcoin back in 2013. Since then, the crypto exchange rate has skyrocketed and grown more than 20 times the original price making their initial investment very peachy indeed. Well, when you are twins, doubling your money may be somewhat easier.

In 4th place is Michael Novogratz (USA), a hedge fund manager and trader who began investing in cryptocurrencies back in 2013 and four years later created a $500 million crypto fund with over a quarter of that sum coming from his own pocket. Having involved himself with most major cryptocurrencies, most notably Bitcoin and Ethereum, Novogratz continued to buy and sell the various crypto units, quickly becoming a major crypto player on the market. His net worth is now estimated to be over $900 million.

In 3rd place is Tim Draper (USA), a venture capitalist and the founder of the investment firm Draper Fisher Jurvetson. Initially making his fortune through viral marketing and associated investments in such big brands as Skype, Hotmail, and Yahoo, the native Californian purchased 30 000 Bitcoins in the 2014 public auction (the very same one that gave way to Barry Silbert’s vigorous accumulation of wealth). All these well-executed efforts combined have put Draper’s wealth at over $1 billion!

In 2nd place*, we have both Ross Ulbricht (USA) and America’s very own Federal Bureau of Investigation. It must be noted that this place is entirely hypothetical: Ross Ulbricht’s funds have been confiscated. He is currently serving a double-life sentence for being the mastermind behind Silk Road and popularizing Bitcoin usage on his platform for the purposes of decentralized trade. This may sound innocent enough, but the punchline is that his infamous creation, Silk Road, traded and exchanged mainly illegal products, such as illicit substances and firearms, all in the depths of the infamous Dark Web.

In 2013, Ulbricht was arrested and 9 months later charged with money laundering, computer hacking, and drug trafficking. The FBI seized Ulbricht’s Bitcoins and passed them onto the US Marshals, who held an auction and sold them all off to those willing to pay, among them Silbert and Draper (who clearly did the wise thing by buying into them). Ulbricht’s Bitcoins which ended up in the FBI’s hands along with his other funds would have been now worth approximately $2 billion, which, in theory, puts both Ulbricht and simultaneously (though fleetingly) the FBI at our very respectable number 2.

In 1st place is the crypto household name Satoshi Nakamoto. As a matter of fact, no one knows, or at least no one admits to know, who Nakamoto really is. All that’s known is that this name is a pseudonym used by some man or woman, or possibly even a group of people, who created a pioneering mathematical code which resulted in the first ever cryptocurrency unit. The only other fact that’s known is that Nakamoto owns around 1 million Bitcoins, which roughly translates to the staggering $6 billion or more! That’s one filthy rich Japanese mystery at our number 1.

 the Biggest Crypto Winners

Interestingly, if Nakamoto were to actually sell off his Bitcoins, this would cause panic in the crypto market and consequently drive the price of Bitcoin down, which would leave Nakamoto with a lot less than Nakamoto has in assets right now. Talking about being left holding the crypto bag!

We hope you enjoyed our list. Stay tuned for more.

views
👓 Recommended articles
🤷 Opinions Alexander Goborov

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

Opinions
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.

💼 Related Article
Bitcoin Not Going Anywhere: Its Computing Power as Awesome as Ever
🔥 Hot
2 weeks 1 day
256
Bitcoin Not Going Anywhere: Its Computing Power as Awesome as Ever

🤷 Opinions
views
👓 Recommended articles
🤷 Opinions Alexander Goborov

The Top Crypto Dozen by Year of Formation

Opinions
If you ever wondered whether being the first meant staying ahead of rivals, this crypto list should offer some insight
The Top Crypto Dozen by Year of Formation

We have previously brought you a fair bit of statistics, from popularity trends to age categories of Bitcoin owners. But now, why not take a step back and look at the bigger picture, as it were. ICOs come and go, prices drop and skyrocket, but who is actually leading the market? Or, more interestingly, how long have they been doing so?

Below is our latest list that offers a brief crypto history from the start of the Blockchain movement up until now:

The Top Crypto Dozen

2008: The actual, seemingly invisible starting point, the global financial crisis. Huge banking corporations, among them Lehman Brothers and Goldman Sachs, go bankrupt. To many, this is the glaring signal that the centralized system is failing.

2009: The crypto pioneer Bitcoin gets launched by the mystery man Satoshi Nakamoto and later adopted as the currency of choice by the infamous Silk Road. Today, with the market cap of around 111.7 billion US dollars, it is the current leader, as well as the most valued altcoin on the market (around 6 500 USD a pop).

2011: Litecoin gets launched by Charlie Lee, a former Google employee. Though the second to be featured on our list (and of very similar fintech specifications to Bitcoin), it is, actually, currently occupying the seventh position by market cap with around 3.2 billion USD.

2012: Ripple, or XRP as it is known to many, gets launched. Despite the low price of around 50 US cents per coin, Ripple is both the third one to be mentioned in our list and concurrently the third one by market cap with roughly 21 billion USD. Note that XRP cannot be mined.

2014: Dash (first called XCoin, then Darkcoin, finally getting its present name in 2015), Monero, Stellar, and Tether get launched, who are currently occupying positions twelve with 1.4 billion USD, nine with 1.85 billion USD, six with 4.8 billion USD, and ten with 1.8 billion USD respectively. The fact that four of the leading companies appear in the aftermath of the 2013 Bitcoin bubble (that continued well into 2014) is surely no coincidence.

2015: Ethereum gets launched by the Russian-Canadian programmer Vitalik Buterin. In spite of formally entering the market comparatively late in the game, six years after Bitcoin, the Ethereum platform with its native coin, Ether, is in second place by market cap today with around 22 billion USD, slightly ahead of Ripple (with just around 800 million USD in excess). Ethereum futures are said to be on the way shortly.

2017: Bitcoin Cash (through the hard fork split with Bitcoin), Cardano, and TRON get launched, who are presently occupying positions four with over 10 billion USD, eight with roughly 2 billion USD, and eleven with 1.6 billion USD respectively. Once again, the fact that we have yet another three major players that emerged out of yet another crypto bubble (with Bitcoin’s price approaching 20 000 USD in December) does not look like a coincidence either.

2018: EOS gets launched. Being the latest newcomer, it is already at the very respectable number five by market cap with just over 5 billion USD. However, very recently, EOS got accused by the Ethereum-funded research companies, ConsenSys and Whiteblock, of not being a Blockchain company and instead being a cloud-like service. This could potentially affect EOS’s global standing, but the full outcome of this scandal still remains to be seen.  

We hope you found our list helpful. Stay tuned for more.

💼 Related Article
Ripple 2018: Price and Telegram Mentions. What’s Driving What?
🔥 Hot
1 month 1 week
256
Ripple 2018: Price and Telegram Mentions. What’s Driving What?

🤷 Opinions
views
👓 Recommended articles