Crypto research of the July 2019 cryptocurrency activity
Corindex July 2019 crypto report is comprised of parsed data on key cryptocurrency exchanges. Indicators, specifically designed by this crypto analytic platform, are calculated past the analysis of the blockchain network of various crypto assets. To best approximate the overall state of the cryptocurrency market, the report shows data only on the top cryptocurrencies with the largest capitalizations, and, occasionally, currencies that showed biggest relative changes by one indicator or another over the analyzed period. The report contains nine chapters, each of which encompasses the changes to its designated indicator over the analyzed period.
The first chapter of the Corindex crypto report is dedicated to the currency transaction volume of various cryptocurrencies, one of the most important market indicators, expressed in United States dollars.
As always, Bitcoin stands on the entirely different plane from other cryptocurrencies, sporting a monstrous volume equivalent to 653 170 485 253,00 USD — 56.18% more than it’s previous monthly volume. Bitcoin Cash is second. Leagues behind Bitcoin but well ahead of its competition with a monthly transaction volume of 59 664 284 450,00 USD, which is 19.21% less than the volume of the Bitcoin Cash in June. Ethereum takes up the next place; its monthly volume has dropped by -9.87% down to 19 376 925 910,00 USD. Litecoin is ranked fourth. A monthly decrease of almost exactly 36% has brought its monthly volume to the 13 278 274 366,00 USD. Dogecoin is the only other top-5 coin aside from BTC that sports an increase in volume during July, and a hefty one at that. Due to an increase of 42.64%, its monthly volume has reached 4 188 530 511,00 USD.
The second chapter of this crypto report covers the number of cryptocurrency transactions conducted on cryptocurrency blockchains over the last 7 and 30 day periods.
According to it, the blockchain of Ripple has endured the largest number of transactions — 31 486 672,00, which is 15.89% more than last month. Ethereum is second despite a -14.2% negative growth, with 23 161 971,00 transactions. The blockchain of Bitcoin has verified -3.72% fewer transactions than during previous analyzed period, placing it third with 10.43kk monthly transactions. The number of Bitcoin Cash transactions, on the other hand, grew by 10.06% to 1 624 083,00, placing it fourth. Despite a slight decrease of -4.47%, Ethereum Classic ranks fifth with the 1 265 272,00 ETC transactions during the last 30 days. Litecoin takes up the next place with 933 933,00 transactions and a -5.36% decrease over the month. Dogecoin experienced a similar decrease of -5.99%, which brought its transaction number down to 860 418.
Published at Fri, 06 Sep 2019 07:48:27 +0000
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By trendingtopics on 2019-04-05 05:01:56
