Daily Digital Currency Market Analysis.Based on Hard Data and Statistics!
Follow the Data - Not the Hype!
BTC: Total network transaction value is down 15.97% over the same period last week, with total network transaction volume down 6.9% over last week. Network difficulty has been flat for the past two months at roughly 500,000,000. While difficulty appears to have peaked, a mining growing weak, While it appears that BTC is in a downward period, once volume starts to wither, we can hopefully find a bottom.
EOS: Social Media Index has fallen for 6 consecutive days, down to 0.0055, hitting a new low for the past 90 days. Search Index is up 7% over the same period last week, while dApp volume continues to shrink, at a low for the past 6 months. Consolidation appears set to continue.
ETH: Social Media Index appears to be at an extreme low, down to 0.0186. Average weekly transaction volume is also at a new low for the year. ETH appears to have really lost its previous luster and has become feeble and weak,
BNB: Social Media Index dropped significantly to 0.0088. We have seen large up and down swings in media coverage and Search Index figures, but overall marketing conversion rates remain low. Transaction volume is also shrinking with average weekly volume falling to a new low for the year.
HT: Transaction volume sits at 12% above the low for the year.
Doge: Social Media Index is down to 0.0135, with number of active addresses seeing a rise. However, large investors have reduced their holdings from 63.83% to 63.11% over the last 7 days. The reduction in holdings of the large investors has translated into 0.72% of transaction volume.
BTS: Social Media Index is ice cold and stuck at the low for the year of -0.09.
XMR: XMR: The anonymous US token could not fight broader market trend and also saw its Social Media Index fall to 0.0408. Transaction volume appears to be steady. But, Search Index has also followed the broader market down, falling 14% over last week.
Date: Oct. 19, 2018, 9am (Hong Kong Time; GMT+8)
Website:
https://bctrend.io
