Vol.32: Nevada’s Utilities Agency Eyes Blockchain for Energy Credit System

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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.

Abstract

This week, the overall market capitalization for the top 100 cryptocurrencies decreased, with 77 projects decreased in value to varying degrees. According to coinmarketcap, as of October 14th, 2018, the total market cap of the top 100 cryptocurrencies was 195.28 billion U.S. dollars, decreased by 6.60% from last week, among which, BCN had the largest decrease of 39.58%, while DGTX had the largest increase of 74.85%, and its market cap ranking clinched to No.61. In addition, there were 2 projects that entered TOP100, namely, NEXO (decreased 0.62%, now no.98) and POLY (increased 5.89%, now no.99). As of October 14th, 2018, Bitcoin was traded at 6316.77 USD, 4.12% lower than its price last week. Ethereum was traded at 200.45 USD, 10.83% lower than its price last week.

The overall 24h trading volume decreased this week. Overall, the 24h trading volume decreased by 18.99% compared with the same period of last week. In this week, 41 of the top 100 projects increased by more than 100% in 24h trading volume, of which the highest was GXS, with an increase of 899.01%; there were 12 projects declined more than 50%, of which the highest was MKR, decreased by 91.23%.

The top 10 cryptocurrencies’ market share distribution remained stable, with the market cap of 10 out of 10 projects received decrease to varying degrees. On October 14th, the overall market cap of the top 10 cryptocurrencies was 172.78 billion USD, decreased by 6.56% from last week, accounting for 85.20% of the total market capitalization of cryptocurrencies, similar to last week. 10 projects among Top 10 projects saw decrease in their respective prices, led by BCH which had a decrease of 12.10%. BTC’s dominance was 53.95%, slightly increased compared to last week.