Your Home for Deep Research on Cryptocurrencies
Our mission is to help you become the best cryptocurrency investor and trader you can be by providing data and insight unavailable elsewhere in the cryptocurrency market.
Crypto Summary 2018-12-21: Majors Mixed; Top Performing Tokens: Tronclassic, Vice Industry Token, Fluzfluz, Mithril Ore
Overall, the majors are down slightly since yesterday, with a market cap weighted performance of -0.86%. Drilling down, we see that Litecoin was down -2.04% while Stellar was up 5.11%. Relatively speaking, looks like Stellar is looking pretty….stellar! 😀 The momentum is fully bullish at the moment, with all of the major cryptocurrencies above their 20 day simple moving average. Bitcoin Cash is leading the way, up 63.67% above its 20 SMA, while Stellar is at the other end, still up 10.67% above its 20 SMA. Below are charts of Litecoin and Stellar, the best and worst performers since yesterday
The best perfomers over the past day in the world of Ethereum tokens were tronclassic, vice-industry-token, fluzfluz, mithril-ore. Their returns in order: 217.46%, 169.97%, 131.37%, 115.91%. And all of those tokens have a market cap of greater than $1MM USD! Woo hoo! 🙂 Here’s a chart of the top four performers since yesterday, and their performance over time.
Overall, out of the 917 Ethereum tokens we are currently tracking, 335 were up and 338 were down for the day. Here’s a chart showing the advance/decline ratio of our Ethereum token index over time.
In this document, we’ll analyze the velocity — meaning the rate at which money moves between wallets — of the Ethereum money supply in a way similar to how monetary velocity of nation-state currencies is analyzed. The goal of such analysis will be to assess the degree to which Ethereum is used as a transactional currency or as a store of value: if velocity is high, this would suggest Ether is functioning as a transactional currency; if velocity is falling, this suggests Ether is a store of value being held as an investment of sorts, or is simply dying. As we continue to monitor the velocity metrics we outline in this document over time, we hope to be able to spot key changes in the behavior of Ethereum wallets that may reveal key trends in overall changes to the currency’s velocity, and thus, its value proposition to holders.
Coins to Watch
The tokens below have shown impressive growth based on analysis of interest in these tokens expressed on Twitter, but have not yet seen a proportional move in their rate. Are there opportunities here worth exploring?
mobilego aion cybermiles golem tenx status chainlink dropil kucoin-shares eternal-token