Key Highlights
There is a Bearish Confimation Pattern in the Monero daily chart;
the more the price goes donwwards, the higher the probability of a strong rally, which may happen anytime;
traders are advised to speculate only on what they see.

XMR continues its downwards trending after breaking of $130 distribution level. The southwards movement started after consolidation for one week and the 4-day EMA crossed the 50-day EMA downward. Sellers are putting more pressure on the pair, and the price is sliding further downwards. The price is moving away from the 50-day EMA on the Daily chart, which indicates a downwards trend continuation.

Minor Accumulation level of $70 has been tested by the coin, and a bullish retracement is possible (which is supposed to be temporary). The cryptocurrency is presently exposed to the strong accumulation level of $70. Should the strong accumulation level get broken, the pair will experience further downward movement and get exposed to another strong accumulation level at $50. The MACD, with its histogram below the zero level, and the signal lines pointing downwards, indicates that the price may still move down.

https://www.coinspeaker.com/2018/08/16/monero-xmr-price-analysis-trends-of-august-16-22-2018/

Capitalization is showing a downward trend for the fourth week in a row, with the Smith + Crown Index, in turn, dropping to 22,262. The dominance of the four and eight largest cryptocurrencies as of February 4, 2018, (00:00 UTC) equaled 68.4% and 76.4%, respectively, with bitcoin dominance falling to 34.6% (see Table 1.1).

Last week (January 29-February 4, 2018) cryptocurrency market capitalization decreased steadily from $600 billion to $350-$450 billion, which led to a depreciation in the prices of nearly all the coins and tokens in the top 100 cryptocurrencies in terms of capitalization except Revain, DigixDAO, Pillar, and Tether (see fig. 3).

https://www.coinspeaker.com/2018/02/06/monthly-cryptocurrency-ico-market-analysis-january-2018/

The growth in cryptocurrency market capitalization was particularly vigorous in November-December 2017, with capitalization exceeding $650 billion on December 21, followed by a slight downward adjustment. The overall growth was driven by the increase in Bitcoin capitalization by approximately $220 billion, from $15.5 billion to $236.7 billion, with the substantial increase in altcoin capitalization by $374 billion, from $2.2 billion to $376.2 billion, accounting for the remaining growth. The total number of cryptocurrencies and digital assets on exchanges increased over the year from 617 to 1,335 (according to the data of coinmarketcap.com), i.e. they more than doubled. Due to the appearance of a large number of competitors (altcoins), the dominance of the main cryptocurrency (Bitcoin) fell considerably over the year, from 87.5% to 38.6%. Figures 2 and 3 show a breakdown of cryptocurrency market capitalization (USD billion) and dominance (%) at the start of 2017 and 2018.

https://www.coinspeaker.com/2018/01/04/cryptocurrency-ico-market-overview-2017/

On December 22, 2017, a fall in prices was seen for most cryptocurrencies, including all the top 20 by capitalization.

Thus, over the past week (December 18-24, 2017) a noticeable reduction in Bitcoin capitalization, by approximately $80 billion from $326.1 billion to $244.8 billion, was seen, with its dominance falling from 56.3% to 43.2%. Despite the overall market decline on December 22, 2017, over the past week the growth in altcoin capitalization equaled roughly $70 billion, increasing from 253.4 billion to 321.5 billion (Table 1.1).

During the period from December 18-24, the Bitcoin exchange rate dropped by 25%, while the exchange rate of its competitor Bitcoin Cash increased by nearly 80% (Table 1.1).

The main reasons for the changes in the exchange rates of the leading cryptocurrencies over the last week are given in Table 1.3.

The Smith + Crown Index decreased over the indicated period from 34,989 to 28,997.

https://www.coinspeaker.com/2017/12/27/weekly-cryptocurrency-ico-market-analysis-december-18-24-2017/

We give an analysis of the change in demand for cryptocurrency on December 10, 2017 (prior to the commencement of trading in Bitcoin futures on the CBOE (Chicago)).

At 00:00 UTC on December 10, 2017, cryptocurrency capitalization equaled $416.9 billion (see Table 1.1). Over the next four hours market capitalization fell by more than $50 billion, and by 04:00 UTC on December 10, 2017, equaled $363.6 billion (see fig. 1). However, by the start of the day on Monday (December 11, 2017, 00:00 UTC), the market had rebounded to $411 billion, and a significant increase in capitalization growth to $579.5 billion was subsequently seen (December 17, 2017, 00:00 UTC, see Table 1.1, fig. 1).

Over the past week (December 11-17, 2017) market capitalization increased by approximately $160 billion, with Bitcoin, the capitalization of which increased from $253.8 billion to $326.1 billion, accounting for $70 billion of this increase. The growth in altcoin capitalization over the week equaled approximately $90 billion, from $163.1 billion to $253.4 billion

https://www.coinspeaker.com/2017/12/19/weekly-cryptocurrency-ico-market-analysis-december-11-17-2017/

During the period from December 1-10, 2017, total cryptocurrency market capitalization increased by more than $100 billion, from $305.1 billion to $416.9 billion (as of December 10, 2017, 00:00 UTC, see Table 1.1). Over the past week (December 4-10, 2017) market capitalization increased by $87.8 billion. Bitcoin alone accounted for $68.5 billion of this increase, as its capitalization increased from $185.3 billion to $253.8 billion. The growth in altcoin capitalization over the week equaled approximately $20 billion (from $143.8 billion to $163.1 billion).

During the period from December 4-10, the exchange rates of Bitcoin, Ethereum and Litecoin increased by 36.9%, 2.0% and 55.3%, respectively, while the exchange rate of Bitcoin Cash showed a slight fall of -1.6%.

Up to December 8, 2017, the growth in the cryptocurrency market was mainly due to the intensive growth in the dominant cryptocurrency, Bitcoin (see fig. 1), the market capitalization of which exceeded $300 billion. The Bitcoin price reached several milestones over the past week. Over the course of five days (December 4-8, 2017) the price appreciated from $11,000 to $18,000. Over the subsequent three days, the price underwent a downward adjustment and the exchange rate fell.

https://www.coinspeaker.com/2017/12/12/weekly-cryptocurrency-ico-market-analysis-december-4-10-2017/

During November 2017 and the first three days of December, total cryptocurrency market capitalization increased from $182.65 billion to $329.1 billion (see Table 1.1). Since November 1, 2017, market capitalization has increased by more than $145 billion, mainly due to the increase in Bitcoin capitalization from $107.3 to $185.3 billion, i.e. by $78 billion. For its part, altcoin capitalization increased over the same period from $75.4 billion to $143.8 billion, i.e. by $68 billion. The increase in altcoin capitalization was driven by the exchange rates of Ethereum, Bitcoin Gold, Cardano, Ripple, Litecoin, IOTA, Dash, Ethereum Classic, Monero, NEO, NEM, etc., meaning that during the analyzed period the capitalization of all the top ten cryptocurrencies increased.

November was a productive month for the cryptocurrency market, marked by several successful cryptocurrency hard forks and positive news, including the announcement by CME Group of the launch dates of Bitcoin futures. The growth in all dominant cryptocurrencies during November ranged from 25.3% (XRP) to 215.3% (BCH). The Bitcoin, Ethereum, Bitcoin Cash, and Litecoin exchange rates increased by 58.3%, 45.6%, 215.3%, and 57.9%, respectively.

https://www.coinspeaker.com/2017/12/06/monthly-cryptocurrency-ico-market-analysis-november-2017/

During the period from November 1-26, 2017, total cryptocurrency market capitalization increased by $100 billion, from $182.65 billion to $281.29 billion (as of November 26, 2017, 00:00 UTC, see Table 1.1). Over the past week (November 20-26, 2017), market capitalization increased by approximately $48 billion. Bitcoin alone accounted for $17.2 billion of this increase, as its capitalization increased from $129.6 billion to $146.79 billion. Altcoin capitalization increased over the week by $30.5 billion (from $104 billion to $134.5 billion). The growth in altcoin capitalization was driven primarily by the exchange rates of Ethereum, Bitcoin Cash, Bitcoin Gold, Ripple, Litecoin, Dash, Monero, Ethereum Classic, etc.; the capitalization of nearly all the top ten cryptocurrencies (except IOTA and NEO) increased.

During the period from November 20-26, the exchange rates of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin increased by 13.17%, 34.13%, 24.62%, and 27.95%, respectively.

The Bitcoin exchange rate continued to grow last week, increasing during this period from $7,766 to $8,789, and by the end of the week had even exceeded $9,500. However, its market dominance fell from 55.5% to 52.2%, with Altcoins playing a major role in this. In particular, the capitalization of Ethereum and Bitcoin Cash increased significantly, by $11 billion and $5 billion, respectively (see Table 1.1).

https://www.coinspeaker.com/2017/11/30/weekly-cryptocurrency-ico-market-analysis-november-20-26-2017/

During the period from November 1-19, 2017, total cryptocurrency market capitalization increased from $182.65 billion to $233.63 billion (see Table 1.1). Over the past week (November 13-19, 2017) market capitalization grew by $33 billion, mainly due to Bitcoin, the capitalization of which increased from $104.98 to $129.6 billion, i.e. by $24.6 billion. Altcoin capitalization increased over the week by $8.4 billion (from $95.6 to $104 billion). The growth in altcoin capitalization was driven primarily by the exchange rates of Ethereum, Ripple, Litecoin, NEO, Dash, Monero, IOTA, Ethereum Classic, etc.; the capitalization of nearly all the top ten cryptocurrencies (except Bitcoin Cash) increased.

During the period from November 13-19, the exchange rates of Bitcoin, Ethereum, and Litecoin increased by 23.36%, 10.39%, and 11.56%, respectively. The Bitcoin Cash exchange rate fell by 6.39% over the same period, from $1,346.97 to $1,260.95.

Due to the renewed growth in the Bitcoin exchange rate, the price of which had increased from $6,295.50 to $7,766 by November 19, 2017, Bitcoin dominance increased from 52.3% to 55.5%. The Bitcoin exchange rate exceeded $8,000 for the first time on November 17, 2017.

https://www.coinspeaker.com/2017/11/22/weekly-cryptocurrency-ico-market-analysis-november-13-19-2017/

Since the beginning of November (November 1-12, 2017), total cryptocurrency market capitalization has ranged from $182.65 to $212.15 billion, and by the end of last week equaled $200.58 billion (see Table 1.1).

The Bitcoin and Bitcoin Cash exchange rates changed significantly during the period from November 5-12. For example, the Bitcoin exchange rate depreciated by 15%, from $7,404.52 to $6,295.50, while the Bitcoin Cash exchange rate appreciated by 117.28%, from $619.91 to $1,346.97. The Ethereum and Litecoin exchange rates also increased to $314.70 and $62.31, or by 4.88% and 13.23%, respectively.

Over the past week there was a considerable shift in market dominance in favor of Altcoins (Bitcoin Cash, Litecoin, Dash, Monero, IOTA, etc.), while Bitcoin dominance fell by approximately 10%, from 61.85% to 52.3% of total cryptocurrency market capitalization. Correspondingly, Altcoin dominance (%) increased from 38.15% to 47.7%.

https://www.coinspeaker.com/2017/11/13/weekly-cryptocurrency-ico-market-analysis-november-6-12-2017/

The much-debated SegWit2x hard fork was being officially canceled last week after several community leaders and a large number of miners withdrew their support due to lack of consensus. As a result, the hard fork plans were completely halted which meant that Bitcoin will not be splitting into two, as projected earlier. However, just a few hours back, there has been the latest twist in this story as Director of Comms @ Coinbase, David Farmer took it to his Medium-blog that there are still a small group of miners who are attempting to go ahead with the hard fork.

Considering the possibility of network instability in such a case and in order to protect the customer’s funds, Coinbase is likely to suspend the buying/selling of Bitcoins 2 am Pacific Time on November 17th, an hour before the fork which is projected to occur between 6am to 8am Pacific Time on November 17th. Once the fork gets initiated and confirmed, all the normal operations will resume afterward. As per the latest information available on blockchain.info, the total number of blocks mined currently shows to 494743 and the SegWit2x is scheduled to take place at 494784 which is pretty close from the existing position.

https://www.coinspeaker.com/2017/11/17/twist-plans-segwit2x-possibility-hard-fork-looms/

UTRUST, a payment system that has been dubbed a “decentralized PayPal,” is defying expectations with the launch of its ICO. In the first day of its initiation, the project was able to reach its soft cap target after reaching $10 million in total funds raised.

The milestone was reached on the first day of the ICO’s launch, following a successful pre-ICO period — where token sales were sold after only 90 minutes. Furthermore, the digital payments platform is set to reach another milestone of raising $49 million in financial leverage.

The ICO has likely benefited from contributions from US-based investors – one of a only a few ICOs of its kind allowing limited participation from US citizens  – a possible explanation for its success given certain legal hoops Americans are forced to jump through.

https://www.coinspeaker.com/2017/11/11/cryptocurrency-payment-system-utrust-reaches-milestone-first-day-ico/

SportyFi represents a new industry of sports crowd micro-financing, providing the athletes, clubs and sports organizations with macro financing for their respective purpose. Inclusion of direct financial communication between participants at both ends.

Low transaction costs based on blockages, as well as the introduction of intellectual contracts in the world of sports, as well as DAO voting will become the core of the SportyFi ecosystem.

SportyFi’s ICO will launch on November 14, with a hard cap of $16,000,000 and with a total of up to 200 million of non-mineable SPF Tokens issued in the token crowdsale.

Supported by a team which includes legendary international footballer Roberto Carlos, along with Olympians, NBA players, and Sports Officials, SportyFi might have significant impact and bring the right opportunities to the players that truly need them.

https://www.coinspeaker.com/2017/11/08/decentralized-sports-platform-sportyfi-launches-ico-adds-charlie-shrem-advisor/

If you are advertising online, you have no doubt lost money to false clicks. You may have even paid for sales conversions on phony sales. Advertising expense, including ever-evolving forms of fraud, can take a 30 to 50 percent bite out of your marketing budget. Adding to your online marketing woes, after going through your affiliate marketing reports and reconciling all the suspicious click-throughs, your partners claim they never received their affiliate marketing fees.

Bitcomo, the first cost-per-action (CPA) affiliate network on the Blockchain, wants to help you avoid being gouged by current affiliate networking fees and practices. CPA is a more efficient pay-for-performance digital advertising model requiring advertisers pay only when specified actions are performed, such as a click-through or sale. Operating on the same-old online advertising network, however, the improved performance often goes unrewarded.

https://www.coinspeaker.com/2017/11/08/bitcomo-monetizing-demise-middle-man-affiliate-marketing/

In October, total cryptocurrency market capitalization increased by 23.52%, from $147.87 to $182.65 billion, and the Bitcoin, Ethereum and Litecoin exchange rates increased by 48.37%, 1.4% and 1.09%, respectively. The market capitalization of the dominant cryptocurrency, Bitcoin, grew from $72.05 to $107.29 billion in October. Therefore, one can conclude that the overall growth in the cryptocurrency market is due primarily to the growth in the exchange rate of Bitcoin, the capitalization of which surpassed $100 billion for the first time on October 20, 2017.

A significant jump in total cryptocurrency market capitalization was seen in the first five days of November (November 1-5, 2017), from $182.65 to $199.51 billion, i.e. by 9.23% (see Table 1.1). On November 3, 2017, total cryptocurrency market capitalization exceeded $200 billion for the first time. During the period from November 1st to November 5th the Bitcoin exchange rate appreciated by 14.96%, while the Ethereum and Litecoin exchange rates depreciated by 1.87% and 1.27%, respectively. Over the first five days of November, the Bitcoin exchange rate increased from $6,441 to $7,404.52.

The cryptocurrency market dominance indicators changed considerably, mainly due to the growth in Bitcoin’s share from 48.66% (on October 1, 2017) to 58.7% (on November 1, 2017). As of November 5, 2017, cryptocurrency dominance figures already equaled 61.85% (Bitcoin), 14.37% (Ethereum), and 1.48% (Litecoin) of total cryptocurrency market capitalization. Altcoin dominance (%) fell to 38.15%.

https://www.coinspeaker.com/2017/11/07/monthly-cryptocurrency-ico-market-analysis-october-2017/

Another day, another record. The combined market capitalization for all cryptocurrencies is again at record highs, sitting above $200 billion at the press time. Bitcoin (BTC) is currently trading at all-time high of $7403.88, according to the CoinMarketCap.

Bitcoin price is up over 5.68% for the last 24 hours, and its market capitalization has now peaked at over $123,4 billion. Newly created cryptocurrency Bitcoin Cash (BCH) is again making significant gains, trading at around $673.85. BCH has risen 19.67% over the last 24 hours, and an incredible 91.65% over the last 7 days.

The price of the world’s most popular cryptocurrency made fresh gains this week after derivatives giant CME Group said it would introduce bitcoin futures by the end of the year. CME said its bitcoin futures contract would be cash-settled and based on the CME CF Bitcoin Reference Rate (BRR), launched in November last year with London-based online trading platform Crypto Facilities.

https://www.coinspeaker.com/2017/11/03/total-cryptocurrency-market-cap-breaks-200b-bitcoin-price-hits-time-high-7400/

Any guesses as to what is currently driving the whole world crazy??  You’re right, its Bitcoin! This week has been a marathon run in the price of this most valued cryptocurrency with a jump of almost 10-15% in past four days itself. Bitcoin has once again touched a new high above $7000. As per coinmarketcap.com, Bitcoin is currently trading at $7026.47 with a more than staggering $3.5B trade volume in past 24-hours. Now Bitcoin itself contributes a $117B in valuations in the $189B market cap of cryptocurrencies.

One of the major news that has fueled this unprecedented rally is the fact that two major exchanges from U.S. have announced starting the Bitcoin Futures Contracts. CME Group Inc. – world’s largest futures market operator has said that it will soon start cash-settled Bitcoin futures contract by the year-end and is currently waiting for an approval from the U.S. Commodity Futures Trading Commission. Just a few months back, the CME Group has rejected any such plans but now says that it had to reconsider its decision owing to huge client demands. All the cash settled Bitcoin futures contract will be based on the CME CF Bitcoin Reference Rate* (BRR).

https://www.coinspeaker.com/2017/11/02/bitcoin-price-climbs-7000-first-time-ever/

In the fourth week of October (October 23-29, 2017) there was a slight reduction in total cryptocurrency market capitalization from $172.59 to $169.1 billion, i.e. by 2% (see Table 1.1). During the period from October 23-29, the Bitcoin, Ethereum, and Litecoin exchange rates fell by 4.68%, 1.39% and 6.18%, respectively.

Over the week the Bitcoin exchange rate depreciated from $6,036.66 to $5,754.40. Since the beginning of the month, the exchange rate has ranged from $4,164.05 (on October 5, 2017) to $6,255.71 (on October 29, 2017), i.e. by more than $2,000.

Over the week the Ethereum exchange rate fell from $300.55 to $296.40. Since the start of the month, the exchange rate of this cryptocurrency has ranged from $277.57 (on October 23, 2017) to $349.35 (on October 16, 2017), i.e. by more than $70.

The cryptocurrency dominance indicators on the market did not change markedly, and equaled 56.7% (Bitcoin), 16.7% (Ethereum), and 1.7% (Litecoin) of total cryptocurrency market capitalization. Altcoin dominance (%) increased slightly during the week, and equaled 43.3%.

The Smith + Crown Index in October ranged from 8,713 to 11,800 due to market fluctuations and the performance of two cryptocurrency hard forks. As at October 29, 2017, the index equaled 11,054.

https://www.coinspeaker.com/2017/11/01/weekly-cryptocurrency-ico-market-analysis-october-23-29-2017/

The evolution of the Blockchain Technology has marked the beginning of a new technological era and will play a crucial role in fostering the next industrial revolution. The Blockchain technology is supposed to have a potential application not only in the financial industry but across sectors of real-estate, insurance, service sector and more.

‘Smart Contracts’ is a smart, digitised and decentralised way of forming contracts between two parties or businesses and is powered by the blockchain technology. Smart contracts are basically computer protocols which help to create, verify and executes the negotiated contracts after achieving the pre-defined specific tasks and goals. As a result. Smart Contracts offer a more transparent way of doing business and involve low costs, faster execution times, tamper-proof, minimum human error and conflict-free because of no third-party involvement.

https://www.coinspeaker.com/2017/10/25/top-4-best-ico-platforms-managing-smart-contracts/

In the third week of October (October 16-22, 2017) total cryptocurrency market capitalization varied over a range from USD 176.77 to USD 156.5 billion, and at the end of the week equaled USD 172.59 billion (see Table 1.1).

During the period from October 16-22, the Bitcoin exchange rate increased by 6.88%, while the Ethereum and Litecoin exchange rates fell by 11.74% and 13.71%, respectively.

Therefore, a shift in dominance in favor of Bitcoin was seen on the market over the past week, with its contribution to total cryptocurrency market capitalization increasing from 54.88% to 58.2%. Accordingly, altcoin dominance (%) decreased from 45.12% to 41.8%.

Last week the Bitcoin exchange rate appreciated from $5,835.96 to $6,036.66. Since the beginning of the month, the exchange rate has ranged from $4,164.05 (on October 5, 2017) to $6,194.88 (on October 21, 2017), i.e. by more than $2,000 (Table 1.4.а).

The Smith + Crown Index for September fell from 10,345 to 9,147 due to market fluctuations, but during the third week of October it increased to 11,250.

To analyze trading activity on cryptocurrency exchanges, the ZAK-n Crypto index is calculated (see the Glossary). The values of the ZAK-3 Crypto and ZAK-5 Crypto indices are presented in Tables 1.1, 1.2, 1.3. For example, on October 16, 2017, and October 18, 2017, the 24-hour trading volumes (Volume 24h) for the three dominate cryptocurrencies (Bitcoin, Ethereum, Ripple) equaled $3,664 and $3,360 million (Table 1.3). All told, the daily values of the ZAK-3 Crypto and ZAK-5 Crypto indices exceeded 2.5% of the market capitalization of the analyzed cryptocurrencies. The result of this increase in demand for cryptocurrencies was a significant change in their prices.

https://www.coinspeaker.com/2017/10/24/weekly-cryptocurrency-ico-market-analysis-october-16-22-2017/