CoinGecko's 2018 Q3 Cryptocurrency report shows downward trend for Crypto

In case you haven't read it, CoinGecko.com released their 5th Cryptocurrency Report detailing the performance of the Crypto-market as a whole. As well as some new emerging trends on the crypto market with the rise of new tech within the nascent industry.

Here are a couple of takeaways from the report.

Sobering Market

It seems like 2018 won't be a good year for all crypto-hodler as we're seeing down across all market metrics. While we're still very positive even from the pre-bull period, this "crash" does feel like a kick in the nuts.

Market Cap from Q3 '17 to Q3 '18

ICO

Some say ICO's are dead or dying.

In Q3 2018, there's certainly a cooling down of the ICO market. Data captured by CoinGecko.com shows that the ICO trend has weakened significantly with only $1.59 billion raised in Q3 2018 compared to the whopping $7.73 billion in Q2 2018.

Other than the slump since Bitcoin ATH, One of the contributing factor to people quitting ICO may also be attributed to toughening regulation against ICO. As noted by CoinGecko.com, of the 193 successful ICO that occurred in Q3, 81% are done in Singapore jurisdiction.

It goes down and down..

While we're on the topic of ICO, Q3 shows that Ethereum is still the people's favourite ICO platform. What fate lies beyond for Ether when the ICO market finally comes to an end?

It's interesting to see R3's Hyperledger in there though

Masternodes

Masternodes are full nodes that incentivize node operators to perform the core consensus functions of running a blockchain. They offer a more centralized but efficient solution to typical proof of work mining like Bitcoin.

While Bitcoin has much more Mining node, a Masternode is more akin to a Bitcoin Full Node, which compared to Bitcoin's network size, comes few and far between.

One of the more famous Masternode is Dash, a cryptocurrency that focuses on privacy and anonymity. It is interesting to note that the highest market cap masternodes are mostly privacy-focused cryptocurrency.

Non-Fungible Token

Non-fungible tokens (or NFTs) are a new class of digital assets stored and handled on a blockchain. These assets are characterized as:

• Unique
• Irreplaceable
• Non-interchangeable

Non-fungible tokens are not cryptocurrencies. They can't be traded on exchanges like any other tokens as they are not built on the same technical standards as fungible tokens. The leading token standard being Ethereum's ERC-721 standard.

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There are many more information to digest in the Report. Incidentally, CoinGecko is slated to release 2018 full year report sometimes very soon. Which will give a detailed overview for the market across the whole 2018.

Don't miss out on that!

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Posted from my blog with SteemPress : https://kristiankho.com/blockchain/coingecko-q3-report/

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Kristian Kho [Ian] is a 24 year old freelancer with a passion for steem and a deep desire to be a better person in every aspect. I aim to express any and all my thoughts on things that I find interesting as well as using this platform as a self-development log.

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