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New CoinMarketCap (CMC) data show ICOs in 2017, trade in 2018 as the latest trend

New CoinMarketCap (CMC) data show ICOs in 2017, trade in 2018 as the latest trend

2017 was the year of the ICO. Today, however, times have changed: the ICO era is over, but the era of the launch of its own encrypted could only be the beginning.

This story comes from a new CoinMarketCap report. CMC data shows a sudden increase in the number of cryptocurrency exchanges worldwide.

The crypto community is already home to hundreds of cryptocurrency exchanges, ranging from large exchanges like Binance that handles $ 1 billion transactions a day to small regional exchanges that manage localized trade volumes.

Despite the saturation of trade, CMC states that the number of exchanges is only growing.

"… only in this year alone, we see that the number of new exchange requests has exceeded the new cryptocurrency requests we receive."

In other words, CoinMarketCap gets more requests to list a exchange which does to list to currency – which is obviously very surprising considering how easy it is to launch a coin compared to the work necessary to launch an exchange.

The last report was written by Carlyne Chan (CarlyneCMC), Global Head of Marketing of CoinMarketCap, who had this to say about the influx of cryptocurrency exchanges:

"I was just joking about this the other day, that every time someone proposes a" partnership opportunity "with CoinMarketCap, I can automatically reply with" Which exchange do you want to list? "And it would be the right answer 90% of the time."

Chan believes the problem is related to the decline of ICOs. The same individuals who would launch an ICO in 2017 are launching exchanges in 2018:

"With ICOs getting harder to collect, many have turned to starting exchanges as a way to experiment and build profits instead." While this may be a good plan for the most part, the economy of the exchange is very tough. judging by the number of quotation requests alone, competitive pressures alone will make it difficult to trade on a breakeven basis. "

Other important details from the CoinMarketCap report

Reports by CoinMarketCap they are few and far between. In fact, this report of 29 November 2018 is the first and only report of 2018. You can view the complete according to CoinMarketCap (2018 edition).

The report discusses much more than the explosion of the cryptocurrency trade. Other relevant details of the report include:

  • The total value of the cryptographic sector, according to CoinMarketCap, is currently $ 120 billion, which is the lowest price of 2018.
  • CoinMarketCap claims that today's cryptic bear market is not unusual: it is an expected part of the cycle.

"If we look at the market from a five-year perspective, since CoinMarketCap has started, the top month looks like a little blip in the long run, we are actually quite numerous since 2013. So we like to think … It's not all a disaster : it's just a part of a cycle ".

  • CoinMarketCap admits that it has an effect on encrypted prices. In 2018, CoinMarketCap canceled the Korean trade "due to its distortion of global numbers with its" kimchi prize "that no one outside of Korea could exploit". This caused a short and sharp decline in the markets.
  • CoinMarketCap he noted a wave of listing activity in the last year. "With regard to quotation, we have only hit a strong trajectory on the encrypted lists in the last year and a half or so.The sharp increase in cryptocurrencies shows that now there are more projects and more requests for representations of safe value than ever before. "In other words, the increase in the number of projects seeking to be listed on CoinMarketCap is higher than ever.
  • CoinMarketCap noted some new rarely observed token and blockchain design trends in 2018, including self-repair chains, interoperability, scalability, and governance solutions and other innovative technologies
  • CoinMarketCap data shows that there is an approximately equal number of active and inactive exchanges; over the years, the number of inactive exchanges is approximately the number of exchanges active today.
  • The report deals with the issue of "exchanges of frauds with counterfeit trading volumes". Some agreements are accused of manipulating business to make them more crowded than they actually are. In response, CoinMarketCap introduced something called Adjusted Volume at the beginning of this year "to give our nuanced opinion on any suspicious activity we see".
  • This "Adjusted Volume" figure tells users the sheer volume of each exchange, but warns users that certain numbers may be inflated. Users can be alerted to potential problems while CoinMarketCap focuses on reporting data directly from the exchange, regardless of whether the data is manipulated.
  • The report also highlights the increase in scams, including more than just "epic" Bitconnect or Coincheck "scams. Today's biggest cryptographic scams include email spoofing and phishing attacks.
  • Most visitors check only the first few pages of CoinMarketCap. The total page views for the first and second page of CoinMarketCap and the cryptocurrency page are approximately the same as the page views of over one million longtail pages across the CoinMarketCap.
  • The average CoinMarketCap visitor checked 1.7 pages a year ago. Today, the average visitor checks about 3 pages.
  • CoinMarketCap states that the traffic on your site has a correlation of 90.2% with the price of bitcoins. That number is incredibly high, but in reality it is lower than a time: the page traffic used to be 95% correlated with the bitcoin price.

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