ICO and cryptocurrency market analysis, second half of 2018 | Digital Rating Agency

ICO and cryptocurrency market analysis, second half of 2018

01.01.2019

ICO and cryptocurrency market analysis, second half of 2018

General dynamics of the crypto-currency market ( from 01.07.2018 to 31.12.2018.)


As of second half of 2018 the aggregate capitalization of cryptocurrencies has fallen by 56.51% from its maximum value of the half-year at $297.4 billion, registered on 29.07.2018, and amounted to $129.3 billion. Thus, the total capitalization of the second half of 2018 continues the downtrend of the previous half-year.


The Bitcoin market capitalization has decreased by 38.69%: from $109.2 billion to $67.0 billion.

From the beginning of the half-year the total altcoins capitalization (excluding Bitcoin) has decreased by 57.57%: from $146.9 billion to $62.4 billion. Dynamics of decrease of the altcoins capitalization has outstripped a corresponding dynamics of the Bitcoin by 18.88%


The DRI index (market capitalization, cleared of “dead” and non-traded coins) has decreased by 57.92% from its maximum value of the half-year at $259 bn (26.07.2018), to $109 bn (31.12.2018).


The Bitcoin price has decreased by 39.7% (from $6339 to $3822).
The price of Ethereum, the second currency on capitalization in the second half of 2018 has decreased by 69.44% (from $452 to $138).

This half-year Bitcoin dominance significantly increased by 0.09% (from 0.43% to 0.52%). Ethereum dominance decreased by 0.07% (from 0.18% to 0.11%).


Top categories of ICO in terms of collected funds in th second half of 2018.


The leading categories by collected funds for the second half of 2018 were have become ICOs:
  1. Infrastructure ($542.4 million);
  2. Cryptocurrency ($485.8 million);
  3. Trading & Investing ($298.4 million);
  4. Finance ($276.0 million);
  5. Real Business ($269.1 million);
  6. Machine Learning & AI ($259.3 million);
  7. Business services ($132.5 million);
  8. Entertainment & Media ($104.7 million);
  9. Software ($92.5 million);
  10. Commerce & Advertising ($79.7 million);


The top categories by the number of ICOs conducted.


Most of the projects were conducted by ICO in the Cryptocurrency (430 projects) category. A little less popular was the category Infrastructure with 336 projects. Then follows the category Business services with 258 projects. Behind it with a small margin is the category Machine Learning & AI, in which ICO 236 projects are registered. The top five in the number of conducted ICO is closed by the category Entertainment & Media with 234 projects.


Top 5 ICO projects by category

Category 1 2 3 4 5
Infrastructure FundersToken ($None) 12SHIPS ($None) McFly.aero ($None) Rego ($None) Howdoo ($None)
Cryptocurrency Property Coin ($None) Bamboo ($None) CryptoMillionsLotto ($None) Online ($None) SURETY.AI ($None)
Trading & Investing 12SHIPS ($None) Bamboo ($None) Property Coin ($None) IMDEX ($None) Chubex ($None)
Finance OKMCoin ($None) Bamboo ($None) Chubex ($None) SURETY.AI ($None) Union ($None)
Real Business CZero ($None) GreenX ($None) MaxData ($None) 12SHIPS ($None) AlkebulanCash ($None)
Machine Learning & AI DEEP AERO ($None) EpigenCare ($None) MaxData ($None) CheckCar ($None) EkkBaz ($None)
Business services Coinepic ($None) OKMCoin ($None) CheckCar ($None) MaxData ($None) EtherInc ($None)
Entertainment & Media STRYKZ ($None) efir ($None) Arcona ($None) CryptoMillionsLotto ($None) Howdoo ($None)
Software SURETY.AI ($None) Online ($None) Bamboo ($None) DEEP AERO ($None) Fractal Token CrowdSale ($None)
Commerce & Advertising Evident Proof ($None) Rouge ($None) EkkBaz ($None) MaxData ($None) Valena-SVCoin ($None)


Top 5 countries of origin ICO.

Country Share, %
Singapore 13%
USA 8%
Estonia 6%
Switzerland 5%
Hong Kong 3%


Top 10 Gainers and Losers


Top 10 gainers and losers of the second half of 2018 were identified. When researching the market, the analysts of the Digital Rating Agency (DigRate) took into account only cryptocurrencies with an average daily trading volume of at least $ 1M.


Top 10 losers:

Name Ticker Volume (24h) Price (31.Dec) Growth %
Aion AION $ 1,460,662.3 $ 0.1387149745 -97.75
ICON ICX $ 3,682,722.8 $ 0.236482425 -97.51
Kyber Network KNC $ 1,189,106.1 $ 0.1552482553 -96.14
Metal MTL $ 2,822,235.2 $ 0.2518336367 -96.11
Odyssey OCN $ 10,497,459.6 $ 0.0036985717 -96.08
Veritaseum VERI $ 2,192,305.9 $ 17.0574512219 -95.79
Qtum QTUM $ 25,167,421.8 $ 2.162088701 -95.41
Gifto GTO $ 2,761,105.2 $ 0.0238892207 -95.19
NEO NEO $ 35,229,670.3 $ 7.4718018167 -94.74
Status SNT $ 20,654,043.2 $ 0.0172058853 -94.55


ICO market analysis, second half of 2018.


During the second half of (2018) 1106 ICOs were completed, 70 of them failed to collect the soft cap. 98 project got into Dead category: these are projects that do not have a running website, or projects whose leaders were prosecuted or now are under investigation on fraudulent activities. The amount of collected funds in second half of 2018 is $1.7 billion.


The number of ICOs and collected funds in first half of 2018 and second half of 2018 :

Index first half of 2018 second half of 2018
Conducted by ICO/$ 1585/20.1 billion 1106/1.7 billion
Active/$ 207/11.2 billion 91/655.2 million
Failed/$ 289/0 70/0
Dead/$ 653/8.9 billion 98/1.0 billion

The amount of ICO compared to the first half of 2018 has proved to be less by 479 (30.22%), and total amount of funds — less by $18.4 billion (91.55%).


In the second half of 2018 $408.5 million was collected by the five largest projects in total, and 32.8% ($134.0 million) of it fell to the share of tZERO.

Top-5 projects by the amount of raised funds, second half of 2018:

Name Ticker Funds raised
tZERO TZRO $ 134.0 million
Hereda Hashgraph - $ 100.0 million
Cryptosolartech CST $ 69.0 million
IDA IDA $ 58.0 million
Jinbi JNB $ 47.5 million
Total collected by top 5 408.5 million

The second place with $100.0 million of raised funds is occupied by project Hereda Hashgraph. Cryptosolartech gets the third place, having raised $69.0 million. The list of leaders in the second half of 2018 is closed by IDA and Jinbi, with $58.0 million and $47.5 million, respectively.


Top-5 projects of the second half of 2019

Analysts of the Digital Rating Agency (DigRate) selected 5 most promising projects, pre-ICOs and ICOs of which are scheduled for second half of 2019.

  1. Trecento Blockchain Capital (Banking), Pre-ICO — 01.10.2019.
    All-in-one blockchain investment solution
  2. BCoin.sg (Cryptocurrency), Pre-ICO — 01.09.2019.
    World’s first fiat-crypto exchange with integrated digital payment solution


Conclusion

During the second half of 2018 the cryptocurrency market was in downtrend and the total market capitalization has decreased by 56.51% compared to the first half of 2018. During second half of 2018 the price of the dominant currency Bitcoin has decreased by 39.7%. The price of Ethereum, has decreased by 69.44%.

Aion, ICON and Kyber Network turned out to be the losers of the half year.

The ICO market in second half of 2018 demonstrated a decrease of the amount of funds raised during the ICO in comparison with first half of 2018 by 91.55%. The greatest interest of the audience was caused by projects from the category Infrastructure, Cryptocurrency and Trading & Investing.