Cryptocurrency Report for Beginners to Serious Traders

[coingecko]

Hello! We're CoinGecko.com. Crypto data aggregator since 2014.

We've recent published another Quarterly Report for Quarter 3 2019.



In this 53 page report, we explain what's new in the cryptocurrency space. Q3 does feel like the "autumn" that comes after crypto summer.



On the other hand, the crypto industry is experiencing rapid growth in the derivatives sector. There was a 300% increase in the number of derivatives exchanges tracked, from 6 exchanges to 17 exchanges. Even Binance, the largest spot exchange by trading volume, is also now involved in the derivatives market.



With the aim of creating a more efficient money market, DeFi has seen strong growth in the types of applications coming on board. Within the span of one year, the amount of ether locked in smart contracts to power DeFi has tripled to approximately 2.9 million.

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The Report also talks about Trust Score, an algorithm we launched in May 2019 to provide additional insights into crypto exchanges’ real liquidity through order book and web traffic analysis. We developed Trust Score 2.0, which incorporates additional metrics and is bucketed into 5 major categories: Liquidity, API Technical Coverage, Scale of Operations, Cryptocurrency Reserves, and Regulatory Compliance.



Feel free to take a look at this new report and let us know what you think. Download the full report.

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[joniboini]

Nice report. I always read your quarterly report and it's great you keep doing that. TrustScore is definitely a good thing. Glad you don't follow the CMC way of doing their things.

Do you accept translation for your report guys? I think having multiple languages for your reports are great.

[hugeblack]

An Excellent report contains a lot of information with a presentation of images in an interesting manner. I liked.
Unfortunately, there are some aspects that have not been mentioned such as the lightning network where I have not found any detailed report on them. Bakket also did not get enough attention, although it was one of the factors of the price collapse.
So far, coingecko has not provided a classification of currencies on the basis of technology as many cryptos are considered copy/paste verisons, so it is shameful to be classified first because the financial aspects are good.

[bitmover]

Nice report.  Lots of good information

So far, coingecko has not provided a classification of currencies on the basis of technology as many cryptos are considered copy/paste verisons, so it is shameful to be classified first because the financial aspects are good.

I think that classification based on technology or any other fundamental is a opinion based. This is not interesting for a report, imo.

Classification based on market cap is the most impartial possible. When you classify based on market cap you are letting the free market (which, in thesis should be more decentralized than any opinion) decide what is good or not.

The biggest funds out there and most ETF are passive funds, which are not choosing stocks based on fundamentals or anything but market cap.

[BrewMaster]

So far, coingecko has not provided a classification of currencies on the basis of technology as many cryptos are considered copy/paste verisons, so it is shameful to be classified first because the financial aspects are good.

I think that classification based on technology or any other fundamental is a opinion based. This is not interesting for a report, imo.

actually i believe that classification based on technology is not just good but it makes things easier. for starters you can easily eliminate a great percentage of altcoins since they are poor copycats then you are suddenly left with a much smaller number of coins (for example 20 instead of something like 3000).
then it is a simple matter of checking how different those coins are from each other and whether they have any kind of innovation in their technology.

[bitmover]

actually i believe that classification based on technology is not just good but it makes things easier. for starters you can easily eliminate a great percentage of altcoins since they are poor copycats then you are suddenly left with a much smaller number of coins (for example 20 instead of something like 3000).
then it is a simple matter of checking how different those coins are from each other and whether they have any kind of innovation in their technology.

The problem is, who will determine who is a copy cat?
Some people may think that bch is just a copy cat, is it?

Are xem, waves eos etc all ethereum copy cat? There are many factors involved in determining which tech is or not a "copy" or irrelevant or not. I am not able to determine, so I just buy Bitcoin lol

So many companies looked irrelevant at first. Google started in a garage, Microsoft was not relevant at first... Even Beatles were refused at first.

So I prefer to see market cap classification over any other fundamental or tech classification, because there is less chance of a wrong opinion biased.

[hatshepsut93]

then it is a simple matter of checking how different those coins are from each other and whether they have any kind of innovation in their technology.

That doesn't sound simple to me, you need some top cryptocurrency experts to review hundreds or thousands of coins, and in the end it would still be their personal opinion. It's better to simply provide some raw data and let people make conclusions for themselves. Network activity stats can show which coins actually have users and which coins are already dead, so it can be used as another metric to rank coins against each other.