ICO and cryptocurrency market analysis, September 2018 | Digital Rating Agency

ICO and cryptocurrency market analysis, September 2018

01.10.2018

ICO and cryptocurrency market analysis, September 2018

General dynamics of the crypto-currency market ( from 01.09.2018 to 30.09.2018.)


As of 30.09.2018 the aggregate capitalization of cryptocurrencies has fallen by 4.78% from its maximum value of the month at $237.2 billion, registered on 02.09.2018, and amounted to $225.9 billion. Thus, the total capitalization of September continues the downtrend of the previous month.


The Bitcoin market capitalization has decreased by 6.70%: from $124.5 billion to $116.2 billion.

From the beginning of the month the total altcoins capitalization (excluding Bitcoin) has decreased by 2.67%: from $112.7 billion to $109.7 billion. Dynamics of decrease of the altcoins capitalization has proved to be lower than corresponding dynamics of the Bitcoin by 4.03%


The DRI index (market capitalization, cleared of “dead” and non-traded coins) has decreased by 5.37% from its maximum value of the month at$205 bn (04.09.2018), to $194 bn (30.09.2018).


The Bitcoin price has decreased by 8.05% (from $7203 to $6624).
The price of Ethereum, the second currency on capitalization in September has decreased by 21.25% (from $295 to $233).

This month Bitcoin dominance significantly decreased by 0.01% (from 0.53% to 0.51%). Ethereum dominance decreased by 0.02% (from 0.13% to 0.11%).


Top 10 Gainers and Losers


Top 10 gainers and losers of October 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 gainers:

Name Ticker Volume (24h) Price (30.Sep) Growth %
Electroneum ETN $ 1,067,956.2 $ 0.0188695944 94.29
Odyssey OCN $ 12,717,501.9 $ 0.0138960171 88.28
TenX PAY $ 3,216,613.6 $ 0.679610973 37.69
PlayCoin PLY $ 6,841,129.3 $ 0.1470000197 21.55
Genesis Vision GVT $ 1,013,545.1 $ 9.1301820238 12.94
Enjin Coin ENJ $ 5,513,889.6 $ 0.0584222197 8.8
adToken ADT $ 1,119,955.5 $ 0.0137457347 5.24


Top 10 losers:

Name Ticker Volume (24h) Price (30.Sep) Growth %
Selfkey KEY $ 1,064,526.8 $ 0.001685696 -75.23
Bodhi BOT $ 1,301,056.8 $ 0.0774694161 -69.0
Medicalchain MTN $ 1,768,683.9 $ 0.0215752619 -66.36
Elastos ELA $ 1,012,620.1 $ 7.1350890858 -61.82
Tezos XTZ $ 1,064,069.4 $ 1.42464819 -60.14
Genaro Network GNX $ 1,231,382.6 $ 0.0603429781 -59.99
BankEx BKX $ 1,462,874.1 $ 0.0746152914 -59.65
ICON ICX $ 9,648,505.0 $ 0.6662301601 -59.44
Arcblock ABT $ 3,230,016.5 $ 0.2076251431 -58.99
Nebulas NAS $ 2,595,411.9 $ 1.7801023901 -58.6


ICO market analysis, September 2018.


During the period from 01.09.2018 to 30.09.2018 23 ICOs were completed, 7 of them failed to collect the soft cap. 1 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 September is $67.1 million.


The number of ICOs and collected funds in August and September 2018:

Index August September
Conducted by ICO/$ 44/350.1 million 23/67.1 million
Active/$ 21/329.4 million 15/62.1 million
Failed/$ 22/0 7/0
Dead/$ 1/20.7 million 1/5.0 million

The amount of ICO compared to the previous month has proved to be less by 21 (47.73%), and total amount of funds — less by $283.0 million (80.83%).


This month $46.0 million was collected by the five largest projects in total, and 35.78% ($16.5 million) of it fell to the share of Aenco.

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

Name Ticker Funds raised
Aenco AEN $ 16.5 million
Carry CRE $ 13.4 million
Scanetchain SWC $ 5.9 million
Ubex UBEX $ 5.2 million
PingPaid PPD $ 5.1 million
Total collected by top 5 46.0 million

The second place with $13.4 million of raised funds is occupied by project Carry. Scanetchain gets the third place, having raised $5.9 million. The list of leaders in September is closed by Ubex and PingPaid, with $5.2 million and $5.1 million, respectively.


Top-5 projects of next month.

Analysts of the Digital Rating Agency (DigRate) selected 5 most promising projects, pre-ICOs and ICOs of which are scheduled for October 2018.

  1. Fishcoin (Platform), Pre-ICO — 31.10.2018.
    Ecosystem for the global seafood industry
  2. Vivo Capital (Health), Pre-ICO — 01.10.2018.
    Future of healthcare innovation
  3. eLYQD (Internet), Pre-ICO — 01.10.2018.
    A decentralized vaping industry marketplace
  4. Geeba (Artificial Intelligence), Pre-ICO — 01.10.2018.
    Disruptive delivery ecosystem of robots and hubs
  5. TillBilly (Retail), Pre-ICO — 15.10.2018.
    Blockchain for mass adoption in retail payments


Conclusion

During this month the cryptocurrency market was in downtrend and the total market capitalization has decreased by 4.78% compared to the previous month. During this month the price of the dominant currency Bitcoin has decreased by 8.05%. The price of Ethereum, has decreased by 21.25%.

Electroneum, Odyssey and TenX have become the gainers of the month, the price of their tokens increased by 94.29%, 88.28% and 37.69% respectively. Selfkey, Bodhi and Medicalchain turned out to be the losers of the month.