2019-2020 Global Cryptocurrency Market Annual Report | Chapter 1: The Return of Consensus
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Liandede Note: The "Dede Believe Tank" team under the chain of Dede provides conducted in-depth monitoring and analysis of the cryptocurrency marketplace and business conditions in 2019, and finished the "2019-2020 Cryptocurrency Market Annual Survey: Return of Consensus". Create. This annual document presents the most intuitive 2019 yearly report for investors and practitioners within the global crypto market, and provides special and reliable data and trend recommendations for the next stage of growth.
This annual statement is divided into six proportions: worldwide cryptocurrency market value, TOP30 digital foreign currency market worth, blockchain + financial application, global cryptocurrency policy update, mining status, and Dapp evaluation. It provides overview of the worldwide blockchain development position in 2019 and Straighten out and evaluate the ecological design.
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2019 may be the year from the return of the crypto market. The enthusiasm of 2017, the chilly winter season of 2018, and the market will wash away the bubbles in 2019; the come back of consensus will return the limited power and money to the original intention of technology exploration and software landing.
Inventory from the digital currency market in 2019: a complete boost of 53.35% throughout the year. The comprehensive catalog data of the Dede think container implies that June and July of 2019 are the most volatile weeks of the year, but overall, the finish of the year is still slightly higher than the start of the year. increase.
At 24:00 on Dec 31, Beijing time, the total market value of the global digital foreign currency market was All of us$192.769 billion, and the total increase in 2019 has been 53.35%.
As of The month of january 5, 2020, you can find 4,993 electronic currencies within the global digital currency market, with a total market value of 19,768 million US dollars. Compared with the total market value of 125.708 billion U.S. bucks at the start of 2019, the entire digital currency marketplace rose by 74.06 billion U.S. bucks, an increase of 58.91% year-on-year.
From the perspective of the total market value of global digital currencies, the highest point from the digital currency marketplace in 2019 is at late June. Bitcoin started a linear upwards trend in past due June, busting through $10,000 in the morning of June 22, and began a five-day rising pattern, nearing $14,000 on June 26, reaching a maximum of $13,796.49. With the dramatic fluctuations in the price tag on Bitcoin, the global total market value of cryptocurrencies arrived at no more than 386.348 billion U.S. dollars, a year-on-year raise of 207.34% in the 125.708 billion U.S. bucks on The month of january 1, reaching the degree of mid-May 2018.
On May 13, Bitcoin attained US$9,953, and then quickly dropped to around US$6,650, generating the entire electronic currency market to evaporate almost US$100 billion and opening the door to a bear market. Although the increase of Bitcoin once more exceeded $8,000 on July 25, it is still difficult to conceal the downward pattern of the complete digital currency market.
After July, Bitcoin dropped for just two consecutive months, as well as the decline ceased in Oct. At 8:00 pm on Oct 23, because of the unsatisfactory aftereffect of Facebook's cryptocurrency project Libra's hearing in the United States, the digital foreign currency market showed hook decline, dropping to a minimum of 203.282 billion U.S. dollars, and on Oct 25, the highest-level tuning region The blockchain mentioned that to utilize it as an important breakthrough for independent development, the digital currency market instantly ushered within a influx of bull market. At 10 o'clock each day on October 26, the full total market value from the global digital currency market rose to a maximum of 262.338 billion US dollars, a total enhance of 29.05% in the two days.
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(This article is the simplified version of Chapter One of the "2019-2020 Cryptocurrency Marketplace Annual Statement: Come back of Consensus". Click on the purchase connect to read the complete report.)
Annual trend overview of mainstream digital currencies in 2019: BTC's annual growth rate has been 90.48%. Dide think container reviewed the functionality of mainstream digital currencies (BTC, ETH, BCH, BSV, LTC, EOS) in 2019, and evaluated the developments and Data demonstration in two proportions of transaction quantity.
(This article may be the simplified edition of Chapter One of the "2019-2020 Cryptocurrency Marketplace Annual Review: Come back of Consensus". Click the purchase connect to read the full report.)
In 2019, popular digital currencies basically remained increasing. Included in this, BTC performed the best, with an raise of 90.48%, while ETH declined by 5.42%. In general, after going through a bear marketplace, institutional investors and individual investors are more inclined to select currencies with a higher amount of consensus, and Bitcoin is still the currency with the best degree of consensus in the entire digital currency field and relatively maintained value.
It is worth noting that when the price of Bitcoin arrived at 14,000 All of us dollars in 2017, the price tag on Ethereum, the second largest in marketplace value, has been between 500-700 US dollars; while in 2019, when the price of Bitcoin came back to 14,000 All of us dollars, Ethereum had been only 360 Around the dollar.
Dede think tank analysis believes that round of admittance is mostly institutional funds, and the investment layout focuses on Bitcoin. By the end of Might, Grayscale Investment mentioned that the total assets under management of its cryptocurrency trust funds arrived at 2.1 billion U.S. dollars, which Bitcoin trust funds had probably the most assets under administration, which was $1.9712 billion. On the other hand, investors' ecological enthusiasm for ICOs predicated on Ethereum has reduced, as well as the consensus on Bitcoin provides increased. It has resulted in the influx of money on the market to Bitcoin, while discarding additional mainstream cash and altcoins.
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(This article is the simplified edition of Chapter One of the "2019-2020 Cryptocurrency Market Annual Review: Return of Consensus". Click the purchase link to read the full report.)
The use of blockchain in 2019: economic application scenarios broke out, Libra turned out to be delivered In 2019, blockchain + monetary application scenarios are in an explosive condition in the industry, whether it's the original digital currency, financial settlement and clearing, and cross-border transaction , Insurance, securities, or Ethereum's decentralized monetary ecosystem (including stablecoins, financial products, derivatives, tokenization, decentralized exchanges, etc.), which is hot this season, have all shown vigorous vitality.
On June 18th, Facebook's subsidiary LibraNetwork in Switzerland formally released the Libra white paper, combined with the Libra blockchain testnet.
The Dede think tank has currently conducted statistics and sorting out the countries that have obviously stated their sights within the Libra project and found that the Federal Reserve and the U.S. Congress have summoned Libra-related authorities to wait the hearing three times, because Libra claimed that Libra will never be on the planet until it obtains regulatory approval from all events in the United States. In any country and region, US regulators are still cautious about Libra.
Alternatively, the European area basically held opposition. The German and France finance ministers even jointly announced their opposition towards the implementation of Libra, an encrypted digital currency prepared by Facebook, in European countries. It remarked that monetary strength belongs to nationwide sovereignty and should not be managed by private entities. At exactly the same time, because of stricter regulations on personal personal privacy protection in europe, it is presently difficult to carry out Libra in European countries.
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(This article is the simplified version of Chapter One of the "2019-2020 Cryptocurrency Market Annual Report: Come back of Consensus". Click on the purchase link to read the full report.)
China's blockchain development in 2019: blockchain is becoming China's national advancement strategy, and the central bank's electronic currency is ready to emerge. If Libra is a hotly discussed overseas project this year, the introduction of China's blockchain technologies in 2019 and the central bank's electronic currency study and development will be another One angle affects the hearts of governments and people on the market.
On the afternoon of Oct 24, the Political Bureau of the CPC Main Committee executed the 18th collective research on the current status and trends of blockchain technology. When presiding over the study, the central leadership emphasized that this integrated program of blockchain technology plays an important role in brand new technological innovation and industrial change. We must consider the blockchain being an important discovery for independent creativity of core systems, clarify the primary direction, increase expense, focus on several key core technology, and accelerate the development of blockchain technologies and industrial advancement.
According to data from your Dede Think Tank, since Oct 27, 2017, the 19th Main Political Bureau provides carried out a total of 18 collective studies, and a complete of 7 collective studies in 2019.
Affected by the influence of Libra, policies of various nations around the world have successively indicated their behaviour towards central financial institution digital currencies, and at the same time announced the improvement of central financial institution digital currency analysis and development. China and taiwan takes the prospect in 2019, and the People's Bank of China offers frequently disclosed the improvement of study and development, and the central bank's electronic currency is about to emerge.
In December 2019, the related person responsible for the People's Financial institution of China mentioned that the central bank's digital currency has basically completed the top-level design. He pointed out that the central bank will regard digital currency among the most important infrastructures in the future, and actively carry out legal digital foreign currency research and growth. At present, digital currency has generally completed top-level style, standard formulation, perform research and growth, and joint debugging and testing under the premise of adhering to two-tier discharge, M0 substitution, and controllable anonymity. Within the next step, we will follow the principles of stability, security, and control, reasonably select pilot confirmation areas, situations, and service varies, continually optimize and enrich features, and steadily advertise the intro and app of digital lawful tender.
The Dede think tank sorted out the statements of central banking institutions on digital currencies in the string of Dede's plan data source, and screened out the attitudes of 28 nations and locations towards central financial institution digital currency issuance, and restored the latest deployment of global digital currencies.
In 2019, traders' consensus on Bitcoin returned to a high point. The entrance of traditional monetary funds and industry giants drove the market's popularity and pushed the price tag on Bitcoin to $14,000.
Alternatively, whether it's the birth of Libra or the advancement of central financial institution digital currency, after experiencing the outbreak of ICO in 2017, in 2018, all events competed searching for the marketplace but repeatedly hit a wall. With all the development of the encrypted digital currency market, more and more More professionals, traders, financial institutions, and also various countries have begun to face the function of blockchain technologies in the development of the brand new era. They're more active in embracing blockchain, and their products are becoming increasingly more diversified.
bitcoin price bid farewell towards the rash and inserted the temple, ending the barbaric development and entering the period of large-scale app of compliance.