CoinGecko Q2 Report Released, Analyzing Top 5 Coins, Search Trends and Exchange Volumes
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CoinGecko’s latest 46-page Quarter 2 report provides insight into the crypto market trends over the past three months. One thing is certain, Q2 2019 experienced a bull market as total market capitalization saw a 125.1% increase from April to June.
Bitcoin led the way with a 165% gain from $4,103 to $10,888 by the end of the quarter. XRP performance was by far the worst among the top-5 coins, though it still saw positive 28% gain over the quarter.
Another interesting insight was Bitcoin‘s search performance on Google Trends, which finally gained an uptick over the quarter, even surpassing “stocks” in terms of popularity in the finance category with a relatively large margin for the first time in two years. The only other time such an uptick occurred was in 2017 during Bitcoin’s run-up to $20,000.
In this report, CoinGecko also includes a number of notable highlights throughout the last quarter.
Following last quarter’s report on IEO, this quarter’s report sees the IEO trend continues to grow as more exchanges joined in IEO hype. Q2 was by far the most popular period for IEO with 66 out of 72 (91%) IEOs occurring during this period.
However, only 50% of IEOs were currently traded above IEO price by the end of June 2019. Even so, if one were to participate in all IEOs ever held, one would see a 44% gain despite the worst IEOs losing more than 90% in value.
The crypto industry was thrust into the mainstream media spotlight when tech giant Facebook announced Libra, a global blockchain-powered payment system with a vision to “reinvent money and transform the global economy”. The report distils key information from Libra’s extensive reading material to give users a high-level overview of the proposed new blockchain payment system.
The Lightning Network development continues to be one of the key interests of the cryptocurrency industry. In this section, the report features changes and development of the network over the past 6 months. Throughout 2019, Its overall network capacity saw an 87% increase to over 1,100 BTC while its node count doubled to 4,576 by the end of Q2 2019.
The full PDF report is available for download via the link here.