Top-5 Gainers of the Week (May 18-24)
Here are the Top-5 coins that outperformed the market the most.
Theta Fuel showed the outstanding performance last week with a 507,2% gain. XinFin has shown 1.5x for the 7d period. IoTeX, QuarkChain, and Theta Token demonstrated about 100% gain.
Coins less than $10M cap and $1M 24h volume excluded.
Gainers of the week watchlist 👉 https://cryptorank.io/watchlist/24836b846a5a
Here are the Top-5 coins that outperformed the market the most.
Theta Fuel showed the outstanding performance last week with a 507,2% gain. XinFin has shown 1.5x for the 7d period. IoTeX, QuarkChain, and Theta Token demonstrated about 100% gain.
Coins less than $10M cap and $1M 24h volume excluded.
Gainers of the week watchlist 👉 https://cryptorank.io/watchlist/24836b846a5a
Altcoins Show Strength Against Bitcoin
Most coins are down over the past week, but relatively to Bitcoin large cap alts are showing strength.
LINK/BTC +10.90%
XTZ/BTC +10.61%
BNB/BTC +7.51%
EOS/BTC +4.85%
LTC/BTC +4.49%
ETH/BTC +4.48%
XRP/BTC +4.97%
BCH/BTC +1.82%
Apparently, altcoins are either lagging behind BTC, or traders with profits from BTC growth are looking for new opportunities.
Coins performance data 👉 https://cryptorank.io/performance
Most coins are down over the past week, but relatively to Bitcoin large cap alts are showing strength.
LINK/BTC +10.90%
XTZ/BTC +10.61%
BNB/BTC +7.51%
EOS/BTC +4.85%
LTC/BTC +4.49%
ETH/BTC +4.48%
XRP/BTC +4.97%
BCH/BTC +1.82%
Apparently, altcoins are either lagging behind BTC, or traders with profits from BTC growth are looking for new opportunities.
Coins performance data 👉 https://cryptorank.io/performance
📈Market Overview
Bitcoin touched the $8,900+ zone, but it struggled to clear the $9,000 resistance.
If the bulls fail to push the price back above the uptrend line (around $9100) within the next couple of days, it will suggest that the uptrend has ended. The next support on the downside is $8,130, which is just below the 50-day simple moving average.
Market capitalization: $259.96B (+0,93%)
The BTC dominance: 62.85% (+0,26%)
Fear & Gread Index: 39 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
DREP (DREP) +66,54%
TrustVerse (TRV) +28,05%
Kava (Kava) +24,06%
👉 Top Losers
IoTeX (IOTX) -20,80%
Theta Fuel (TFUEL) -11,50%
Dimension (EON) -11,00%
BTC Futures
Aggregated Volume — $11.10B
Aggregated Open Interest — $2.62B
👉 Derivatives Market Analyticsne
Bitcoin touched the $8,900+ zone, but it struggled to clear the $9,000 resistance.
If the bulls fail to push the price back above the uptrend line (around $9100) within the next couple of days, it will suggest that the uptrend has ended. The next support on the downside is $8,130, which is just below the 50-day simple moving average.
Market capitalization: $259.96B (+0,93%)
The BTC dominance: 62.85% (+0,26%)
Fear & Gread Index: 39 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
DREP (DREP) +66,54%
TrustVerse (TRV) +28,05%
Kava (Kava) +24,06%
👉 Top Losers
IoTeX (IOTX) -20,80%
Theta Fuel (TFUEL) -11,50%
Dimension (EON) -11,00%
BTC Futures
Aggregated Volume — $11.10B
Aggregated Open Interest — $2.62B
👉 Derivatives Market Analyticsne
The Latest Breaking News 📣
#1 Craig Wright Called ‘Fraud’ in Message Signed With Bitcoin Addresses He Claims to Own — link
#2 Telegram Quits Court Fight With SEC Over TON Blockchain Project — link
#3 EU data experts working on a blockchain-based coronavirus passport — link
#4 Switzerland Denies $103 Million of COVID-19 Relief for Crypto Valley — link
👉https://cryptorank.io/news
#1 Craig Wright Called ‘Fraud’ in Message Signed With Bitcoin Addresses He Claims to Own — link
#2 Telegram Quits Court Fight With SEC Over TON Blockchain Project — link
#3 EU data experts working on a blockchain-based coronavirus passport — link
#4 Switzerland Denies $103 Million of COVID-19 Relief for Crypto Valley — link
👉https://cryptorank.io/news
Miners most likely behind the recent sell-off
According to ByteTree data, during the past week, 5 weeks and 12 weeks, miners have sold more Bitcoins than they have generated.
1 week -693 BTC ($6.16M*).
5 weeks -1275 BTC ($11.34M).
12 weeks -3828 BTC ($34.06M).
After comparing amount of BTC sold for 5 weeks and for the last week, it becomes clear that past 7 days were the most extreme in terms of miners sell pressure.
* USD equivalent of sold Bitcoins was calculated at the current price 8900$.
According to ByteTree data, during the past week, 5 weeks and 12 weeks, miners have sold more Bitcoins than they have generated.
1 week -693 BTC ($6.16M*).
5 weeks -1275 BTC ($11.34M).
12 weeks -3828 BTC ($34.06M).
After comparing amount of BTC sold for 5 weeks and for the last week, it becomes clear that past 7 days were the most extreme in terms of miners sell pressure.
* USD equivalent of sold Bitcoins was calculated at the current price 8900$.
Significant Progress of Phemex in Trading Perpetual Contracts
The Phemex exchange, a Singapore-domiciled company, launched multiple perpetual contracts in November 2019.
As of today, 24h contracts volume is quite convincing.
BTC/USD - $206M.
ETH/USD - $3.51M.
LINK/USD - $1.67M.
LTC/USD - $1.65M.
XRP/USD - $1.62M.
XTZ/USD - $0.98M.
🎇 Besides that, Phemex offers some UNIQUE features:
1️⃣ Non-crypto GOLD/USD contract with up to 100x leverage and with already $1.85M 24h volume;
2️⃣ Other non-crypto pairs such as S&P 500 stocks, stock indexes, interest rates, FOREX, commodities, energy, and metals are coming;
3️⃣ One of the lowest fee rates on trading perpetual contracts (-0.025% for maker orders and 0.0075 for taker orders);
4️⃣ Premium Membership Spot Trading with 0 trading fees;
5️⃣ High performance on the level of 300,000 transactions per second.
👉 Bitcoin Futures and Perpetual Swap Analytics
The Phemex exchange, a Singapore-domiciled company, launched multiple perpetual contracts in November 2019.
As of today, 24h contracts volume is quite convincing.
BTC/USD - $206M.
ETH/USD - $3.51M.
LINK/USD - $1.67M.
LTC/USD - $1.65M.
XRP/USD - $1.62M.
XTZ/USD - $0.98M.
🎇 Besides that, Phemex offers some UNIQUE features:
1️⃣ Non-crypto GOLD/USD contract with up to 100x leverage and with already $1.85M 24h volume;
2️⃣ Other non-crypto pairs such as S&P 500 stocks, stock indexes, interest rates, FOREX, commodities, energy, and metals are coming;
3️⃣ One of the lowest fee rates on trading perpetual contracts (-0.025% for maker orders and 0.0075 for taker orders);
4️⃣ Premium Membership Spot Trading with 0 trading fees;
5️⃣ High performance on the level of 300,000 transactions per second.
👉 Bitcoin Futures and Perpetual Swap Analytics
Web3 Foundation today launched the initial version of Polkadot, a sharded protocol that allows decentralized blockchain networks to operate together — link
📈Market Overview
Bitcoin is trading at $8800.
In the event that Bitcoin drops below $8,700, the volume profile visible range shows $8,550 as the last level of support before the drop to the $7,700-$7,450 range.
BTC could only avoid losses if it gains bullish momentum above $9,100.
Market capitalization: $258.46B (-1,00%)
The BTC dominance: 62.61% (-0,34%)
Fear & Gread Index: 39 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Xensor (XSR) +216,20%
BORA (BORA) +43,74%
TrustVerse (TRV) +36,50%
👉 Top Losers
Theta Fuel (TFUEL) -17,60%
PRIZM (PZM) -10,40%
Crypterium (CRPT) -9,10%
BTC Futures
Aggregated Volume — $10.34B
Aggregated Open Interest — $2.64B
👉 Derivatives Market Analytics
Bitcoin is trading at $8800.
In the event that Bitcoin drops below $8,700, the volume profile visible range shows $8,550 as the last level of support before the drop to the $7,700-$7,450 range.
BTC could only avoid losses if it gains bullish momentum above $9,100.
Market capitalization: $258.46B (-1,00%)
The BTC dominance: 62.61% (-0,34%)
Fear & Gread Index: 39 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Xensor (XSR) +216,20%
BORA (BORA) +43,74%
TrustVerse (TRV) +36,50%
👉 Top Losers
Theta Fuel (TFUEL) -17,60%
PRIZM (PZM) -10,40%
Crypterium (CRPT) -9,10%
BTC Futures
Aggregated Volume — $10.34B
Aggregated Open Interest — $2.64B
👉 Derivatives Market Analytics
The Latest Breaking News 📣
#1 India central bank gives green light for crypto firm bank accounts — link
#2 China's central bank governor says there is no timetable for digital currency launch — link
#3 Facebook’s Calibra Rebrands to Novi, Details Wallet Tie-Up With WhatsApp — link
#4 WeChat Invests $70 Billion in Fintech, Including Blockchain and AI — link
#5 More than 1000 Corporate Systems Infected With Monero Mining Malware — link
👉https://cryptorank.io/news
#1 India central bank gives green light for crypto firm bank accounts — link
#2 China's central bank governor says there is no timetable for digital currency launch — link
#3 Facebook’s Calibra Rebrands to Novi, Details Wallet Tie-Up With WhatsApp — link
#4 WeChat Invests $70 Billion in Fintech, Including Blockchain and AI — link
#5 More than 1000 Corporate Systems Infected With Monero Mining Malware — link
👉https://cryptorank.io/news
Coinbase to acquire leading institutional crypto brokerage Tagomi — link
Tagomi is the crypto prime brokerage platform, serving many advanced traders, hedge funds, and family offices, including well-known names such as Paradigm, Pantera, Bitwise, Muticoin.
Tagomi is the crypto prime brokerage platform, serving many advanced traders, hedge funds, and family offices, including well-known names such as Paradigm, Pantera, Bitwise, Muticoin.
"Cryptocurrencies Including Bitcoin Are Not an Asset Class" — Goldman Sachs
— link
— link
Ask Me Anything Session With BiKi Exchange
✅ BiKi.cc is a global digital currency trading service provider, launched in 2018 in Singapore. At present, the exchange serves nearly 100 countries with over 2 million users worldwide.
✅ BiKi launched its Perpetual Contracts in March and already demonstrates significant 24h trading volume: $150M in BTC/USDT, $385M in ETH/USDT, and $414M in BCH/USDT (there are many other pairs).
✅ This AMA will give you the opportunity to connect with BiKi team who will answer your questions and listen to your feedback.
🏆10 participants will be chosen between whom a total of $100 will be distributed. To collect the reward, the participants need to pass KYC verification on BiKi, join their EN and RU community channels.
✔️The time of passing KYC will matter for winners: The first 5 registered winners with passed KYC, will get $15 reward, the rest of $5 each. The KYC details — link.
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🕐 Countdown 🕐
The AMA will take place in our Chat Room: https://t.me/CryptoRankEn
✅ BiKi.cc is a global digital currency trading service provider, launched in 2018 in Singapore. At present, the exchange serves nearly 100 countries with over 2 million users worldwide.
✅ BiKi launched its Perpetual Contracts in March and already demonstrates significant 24h trading volume: $150M in BTC/USDT, $385M in ETH/USDT, and $414M in BCH/USDT (there are many other pairs).
✅ This AMA will give you the opportunity to connect with BiKi team who will answer your questions and listen to your feedback.
🏆10 participants will be chosen between whom a total of $100 will be distributed. To collect the reward, the participants need to pass KYC verification on BiKi, join their EN and RU community channels.
✔️The time of passing KYC will matter for winners: The first 5 registered winners with passed KYC, will get $15 reward, the rest of $5 each. The KYC details — link.
------------------------------------------------------------------
🕐 Countdown 🕐
The AMA will take place in our Chat Room: https://t.me/CryptoRankEn
Incredible Growth of Addresses Owning 99,99% of ERC-20 Tether, USDC, and DAI
According to Bloxy Nakamoto Index*, there are around 1M of addresses holding 99.99% of Tether ERC-20.
The number of such addresses has increased dramatically: 500 (May 2018) - 1k (May 2019) - 1M (May 2020) or +200000% for 2 years.
Addresses holding 99,99% DAI (№1, №2) also have showed incredible growth: 800 (May 2018) - 7k (May 2019) - 80k (May 2020) or 10000% for 2 years.
The same dynamics can be viewed with USDC addresses: 3k in May 2019 vs 30k in May 2020 or 1000% for 1 year.
*Nakamoto index is the number of top addresses, holding together more than 51% of all coin supply. Measures the prevalence of top balances comparing to whole population.
According to Bloxy Nakamoto Index*, there are around 1M of addresses holding 99.99% of Tether ERC-20.
The number of such addresses has increased dramatically: 500 (May 2018) - 1k (May 2019) - 1M (May 2020) or +200000% for 2 years.
Addresses holding 99,99% DAI (№1, №2) also have showed incredible growth: 800 (May 2018) - 7k (May 2019) - 80k (May 2020) or 10000% for 2 years.
The same dynamics can be viewed with USDC addresses: 3k in May 2019 vs 30k in May 2020 or 1000% for 1 year.
*Nakamoto index is the number of top addresses, holding together more than 51% of all coin supply. Measures the prevalence of top balances comparing to whole population.
Google Signs On as Network Validator for Blockchain Video Network Theta — link
First Half of the Year Looks Promising for Dash Investors
After the best quarter return +59% (Q1 2020) since 2017, Dash kept showing positive profitability in Q2 (+12.8%).
Historically, the first half of the year is very profitable for Dash. The minimum joint return for the first 2 quarters was +75% in 2015 (except bearish 2018), the maximum was +1491% in 2014.
The current joint return for Q1 and Q2 is +72%, and it has every chances to surpass not only the 2015 results but 2019 too (+81%).
👉 https://cryptorank.io/currencies/dash/price-chart
After the best quarter return +59% (Q1 2020) since 2017, Dash kept showing positive profitability in Q2 (+12.8%).
Historically, the first half of the year is very profitable for Dash. The minimum joint return for the first 2 quarters was +75% in 2015 (except bearish 2018), the maximum was +1491% in 2014.
The current joint return for Q1 and Q2 is +72%, and it has every chances to surpass not only the 2015 results but 2019 too (+81%).
👉 https://cryptorank.io/currencies/dash/price-chart
📈Market Overview
Bitcoin avoided a major downtrend and recovered from the $8,680 support.
BTC managed to press through the $9,200 resistance level to $9,281. The move above the key resistance is a step forward and the initial move to $9,180 closed the CME gap from last weekend.
Currently, Bitcoin is trading at $9135.
Market capitalization: $265.77B (+2.97%)
The BTC dominance: 63.20% (+1,00%)
Fear & Gread Index: 41 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Band Protocol (BAND) +38,93%
Asch (XAS) +31,00%
Bancor (BNT) +29,40%
👉 Top Losers
Theta Fuel (TFUEL) -24,30%
Theta Token (THETA) -23,50%
MovieBloc (MBL) -21,65%
BTC Futures
Aggregated Volume — $12.26B
Aggregated Open Interest — $2.66B
👉 Derivatives Market Analytics
Bitcoin avoided a major downtrend and recovered from the $8,680 support.
BTC managed to press through the $9,200 resistance level to $9,281. The move above the key resistance is a step forward and the initial move to $9,180 closed the CME gap from last weekend.
Currently, Bitcoin is trading at $9135.
Market capitalization: $265.77B (+2.97%)
The BTC dominance: 63.20% (+1,00%)
Fear & Gread Index: 41 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Band Protocol (BAND) +38,93%
Asch (XAS) +31,00%
Bancor (BNT) +29,40%
👉 Top Losers
Theta Fuel (TFUEL) -24,30%
Theta Token (THETA) -23,50%
MovieBloc (MBL) -21,65%
BTC Futures
Aggregated Volume — $12.26B
Aggregated Open Interest — $2.66B
👉 Derivatives Market Analytics
The Latest Breaking News 📣
#1 Grayscale is Now Buying 1.5 Times the Amount of Bitcoin Being Mined — link
#2 Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned — link
#3 UK lockdown had profound effect on Bitcoin purchases, says Revolut — link
#4 Plaintiffs in Craig Wright case present new evidence that he fabricated his list of Bitcoin addresses and blocks — link
#5 Brave Browser Launches Encrypted Video Calls Before Zoom — link
#6 Crypto Custodian BitGo Joins Race to Provide Prime Brokerage Services — link
#7 Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto — link
👉https://cryptorank.io/news
#1 Grayscale is Now Buying 1.5 Times the Amount of Bitcoin Being Mined — link
#2 Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned — link
#3 UK lockdown had profound effect on Bitcoin purchases, says Revolut — link
#4 Plaintiffs in Craig Wright case present new evidence that he fabricated his list of Bitcoin addresses and blocks — link
#5 Brave Browser Launches Encrypted Video Calls Before Zoom — link
#6 Crypto Custodian BitGo Joins Race to Provide Prime Brokerage Services — link
#7 Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto — link
👉https://cryptorank.io/news
Uniswap V2 Progress
Uniswap V2 was deployed to the Ethereum mainnet 10 days ago and is already demonstrating significant results.
As of May 26, the protocol takes ~ 26% of all DEX trades on Ethereum by count and ~ 6% by volume.
Data source: 👉 https://stat.bloxy.info/superset/dashboard/dex/?standalone=true
Uniswap V2 was deployed to the Ethereum mainnet 10 days ago and is already demonstrating significant results.
As of May 26, the protocol takes ~ 26% of all DEX trades on Ethereum by count and ~ 6% by volume.
Data source: 👉 https://stat.bloxy.info/superset/dashboard/dex/?standalone=true
Constant Printing of Tether ERC20 is Accompanied by ATH Transfers
According to Bitquery data, monthly transfer amount and transfers count set ATH records in 2020:
~ $34.9B were transferred in March;
~ 4.75M transfers have been made already in May.
These achievements occurred amid a huge surge of Tether ERC20 Total Supply during the year:
May 1, 2019 - $394M;
Jul 1, 2019 - $1.09B;
Jan 1, 2020 - $2.29B;
May 1 2020 - $5.62B.
According to Bitquery data, monthly transfer amount and transfers count set ATH records in 2020:
~ $34.9B were transferred in March;
~ 4.75M transfers have been made already in May.
These achievements occurred amid a huge surge of Tether ERC20 Total Supply during the year:
May 1, 2019 - $394M;
Jul 1, 2019 - $1.09B;
Jan 1, 2020 - $2.29B;
May 1 2020 - $5.62B.
Samsung Blockchain Wallet now allows users to buy and sell crypto via Gemini — link
Crypto exchange Gemini has partnered with Samsung to let Samsung Blockchain Wallet users in the U.S. and Canada to trade cryptocurrencies.
Crypto exchange Gemini has partnered with Samsung to let Samsung Blockchain Wallet users in the U.S. and Canada to trade cryptocurrencies.
Binance Community Coin Vote Round 9 - TT vs MDT — link
The vote will start at 2020/06/04 4:00 AM (UTC) for 24 hours and will close at 2020/06/05.
The vote will start at 2020/06/04 4:00 AM (UTC) for 24 hours and will close at 2020/06/05.