1. Cryptocurrency market suffered from the bear market
December 2017 brought an all-time high (ATH) for Bitcoin and Altcoins but the game has changed in the first half of 2018.
The most important virtual currencies in the market like Litecoin, Ethereum, Bitcoin, Ripple and Bitcoin Cash, have all suffered losses of at least 50% in transaction volume, prices or average fees during the first 6 months of 2018.
Cryptocurrency is said to currently be (or have been) in a bear market, which some are calling it “crypto winter” (as said by bitcoin.com, coindesk, outlier ventures), a situation when all the trading activities have been in a decrease.
2. Number of miners have been growing
Despite Bitcoin’s 2018 price slump, the dominant cryptocurrency hashrate continues to surge at an astonishing pace. From January 2018 to June 2018, the Bitcoin hashrate growth is 43%.
This is a positive sign that miners continue demonstrating their support for Bitcoin through the increasing growth of hashrate. Instead of abandoning Bitcoin to mine other cryptocurrencies, they persist and strengthen the Bitcoin network.
Besides, for the miners, South Korea, Bahrain, Cook Islands & Denmark are the least ideal countries to mine due to their excessive costs of electricity. Mining digital currency uses up a lot of electricity, as miners utilize huge rigs of computers for the process.
3. The largest crypto exchange
Most of crypto-crypto exchange is conducted on Okex, Binance, HitBTC, Bittrex, Huobi.
While the world’s largest exchanges for trading crypto-fiat are respectively: HitBTC, Bitfinex, Kraken, Bittrex and Bithumb.
Be noted that, our ZB tokens can be traded with both other cryptos or fiat currency. And we will be listed on these trusted trading platforms soon.
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4. ICO growth continues
ICO activity remains brisk, with impressive growth compared to 2017: the total ICO size is 3 times bigger & monthly ICO funding is 11 times bigger.
ICO surpassed Venture Capital funding & growing cumulative ICO funding suggests that larger ICO raises tend to be a growing trend.
But the total number of ICO has just increased slightly during the first 6 months of 2018. Fewer total ICO deals might continue to happen in the future.
What do you think about these data? Leave your responses here or discuss with other traders in our channels.
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