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As expected ICO Announcements bite the dust in Q3: Report

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Market analysis has led to the identification of the decline in the announcement of ICO projects in the third quarter of 2018.

Market analysis by a leading crypto organization has led to the identification of the decline in the announcement of ICO projects in the third quarter of 2018.

As per the report published by CoinGecko, the number of Initial Coin Offerings (ICO) in the third quarter did not match the projects announced and funds raised in the earlier quarters of the fiscal.

 

Low Q3 projects

The findings of the reports are highly self-explanatory. For the second quarter, the total number of projects which were announced needing further funds for expansion and growth was – 606. But the success rates or the number of projects which could convert or raise necessary funds were by nearly half – 267 projects. The funds raised by these were $7.73 billion.

In contrast, the numbers of projects announced in the third quarter were 388 projects, and the successful bids were a mere 193. But the downside was the $1.59 billion that could eventually be used between the successful funds.

 

Primary funding went to EOS

Notably, the funds which were raised was for the EOS project which had a year-long ICO for $4 billion which concluded in the second-quarter of 2018. It is assumed that the report considered this ICO for the period under study.

 

Other projects

Other details of the report indicate that of the 34 projects which launched tokens in the last quarter, nearly all of them were eventually registered on exchanges for cryptocurrencies. However, upon further examination, it was found that of the 34 only 7 were able to gain a trading value which was in line or above the money the fund had raised.

But the trading value could have been impacted by the typical market practice of token owners selling their wares once the project is listed.

The breakdown of the report shows that for every $100 an investor held in tokens in these 34 projects, their present market valuation would be $740. The funded projects were largely based out of the Singapore region, numbering 35 projects, over 19 were founded in the UK and nearly 6 in the US and Malta.

However, in the case of the latter two countries, the ICO applications may have been affected by the new set of a regulatory framework which these governments introduced.

 

Cryptos which topped these ICOs

The projects which were approved included the following 5 cryptocurrencies – BTC, ETH, XRP, BCH, EOS. These are currencies notably lower in their value in comparison to their prices earlier. The largest currency to have tripped in terms of prices over the three quarters of 2018 thus far has been Bitcoin cash which was 78% down, while others like EOS were down by only 25%.

Further insights from the report indicate that these five cryptos have been performing well, year-on-year and the only exception has been Ether, which loss by approximately 30% and is trading currently at $199.2.

Further, over 95% of the projects were using the Ethereum network and that these projects have sold the ‘ether’ they had raised via ICO and are yet to realize the gains from it.

#Gambling

Bitcoin Still Stays Strong: Gamblers Prove

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The latest research from 1xBit indicated that cryptocurrency gamblers are doing just fine in terms of the overall bearish cryptocurrency market.

Despite the cryptocurrency gambling is a relatively new sphere, it causes more and more interest among the cryptocurrency stakeholders. The latest research from cryptocurrency gambling platform 1xBit indicated that cryptocurrency gamblers are doing just fine in terms of the overall bearish cryptocurrency market.

According to 1xBit, Bitcoin remains the most popular and widely used cryptocurrency among the gamblers and digital asset traders, despite the market falling. 1xBit is a well-known Bitcoin sportsbook and casino platform that allows users to withdraw, deposit and place bets on a wide range of sports. It doesn’t deal with fiat money, only with cryptocurrencies.

 

Another Bitcoin Rivals

The 1xBit’s latest updates were connected with adding XRP and TRX to the platform, which gained great popularity due to their low transaction fees and fast transaction speed, making them a perfect payment solution for crypto-gamblers.

Ripple is a famous cryptocurrency platform, designed primarily for payment systems. XRP is using to deliver payments between countries, businesses, avoiding unnecessary financial, time and labor costs. But it is also a perfect payment method for gambling. The transaction confirmation time for XRP is around 4 seconds, that is particularly important for live betting, where nearly every second counts. Also, this cryptocurrency provides full anonymity – you don’t need to provide your personal data to top up your wallet. On 1xBit website players can register with no need to provide any personal information and all the payments are made in cryptocurrencies, that guarantees your anonymity.

The second newly-added cryptocurrency became Tron (TRX) – one of the largest and most valuable tokens on the cryptocurrency market at the moment. Tron, which is an open-source global digital entertainment protocol, was originally created as a solution to a specific problem. But in a short period of time, it attracted the attention of investors. One of the recent examples is BitTorrent, a pioneer peer-to-peer technology for sharing files on the internet, which announced that it is creating its own cryptocurrency, based on the TRON protocol.

Despite these recent innovations, Bitcoin still remains the most dominant cryptocurrency on 1xBit by the total number and volume of bets.

 

Bitcoin Doing Well

The statistics were collected by 1xBit from their user base to analyze the gambler’s behavior on the platform. It shows that during the recent Q4 crypto crash and market falling by over than $100 billion, gamblers continued to place bets normally as before, despite the collapsing value of all 21 cryptocurrencies available there. Moreover, in the last quarter of 2018 the number of bets placed on the 1xBit platform – in the US dollar equivalent – were almost the same. This data reveals that crypto users appear to be less concerned about high volatility and poor crypto asset performance, but much more concerned about how much of a return they could make in the equivalent fiat value. Based on this research it’s clear that the crypto-gambling sector will be strong despite the price action on the markets.

Interestingly, more detailed studies indicate that 53% of the website clients preferable use Bitcoin for betting rather than in Ethereum (26%) or other cryptocurrencies. It means that Bitcoin still remains in great request.

But what about other cryptocurrencies? They are used but much less in comparison with Bitcoin. For example, the volume of bets in Litecoin is only 8%, while bets in Altcoin amounts to 7% and in Dogecoin amounts to 6% of overall bets on 1xBit.

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Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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#Bitcoin

Gold Investing: Top 5 Ways to Invest in Gold and Why you Should do it?

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Gold is a traditional method of investment. People have been investing in gold since long. But before any investment, we should know the benefits of it.

Gold is a traditional method of investment. People have been investing in gold since long. But before any investment, we should know the benefits of the investment. Let’s understand why we should invest in gold.

Investment of money in gold is worth it because it is a way to think against inflation. The price of gold is found to be increasing now and then. Investing in gold for one more very valid reason is good. This is seen that gold is inversely correlated to equity investments. The gold has performed better than equity markets. Therefore, having gold as an investment is a good option. 

 

1. Buying Jewelry:

It is a traditional method of gold investment. People purchase gold ornaments. It has a disadvantage that the total buying cost includes making charges which vary in the market.

 

2. Purchasing Gold Coins and Bars:

 

Investment in gold coins and bars is also a better option over jewel buying. Gold coins and bars are available in jewelry shop as well as in banks. Jewelers can purchase them back but the bank cannot.

 

 

3. The Gold Exchange Traded Fund (ETF):

It is a type of mutual fund which in turn invests in gold and the units of this mutual fund scheme is listed in the stock exchange. One needs to buy Gold ETFs (like Bitcoin ETF) from the stock exchange by way of opening a demat account and trading account. One has to pay brokerage fee for buying and selling of these Gold ETFs. The further payment of 0.5 to 1 % charges as fund management charges is also required.

 

4. Gold Fund of Funds:

The Gold Fund is a Fund of Fund which will invest in Gold ETFs on behalf of the one who wants to spend. The best part in this is that one does not require holding any demat account here. It is just like investing in other mutual fund schemes. Since this is like any different mutual fund scheme, SIP investment in gold is possible through these gold funds. Still buying a Gold fund of the fund is a little expensive option, as one has to pay Annual management charges for the underlying Gold ETF and Annual management charges of Gold FOF Scheme.

 

5. Equity-based Gold Funds:

This is an indirect method of investing in gold. It means that the funds are not being spent in Gold but invested in the companies, which are related to the mining, extracting and marketing of the Gold. Besides everything, its performance is entirely dependent upon the return of the fund house and the equities they are investing. Investment in these funds is suitable for investors with high-risk appetite. Since these are equity-based funds, equity risk is always there.

 

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