The mainstream currency hit another half-year high, and the mining cycle of multiple currencies was significantly shortened.

First, weekly industry dynamics

1. At present, the total market value of the encrypted goods market is 249.753 billion US dollars, up 0.95% compared with the previous week;

2. The volume of the entire cryptocurrency market in the last week was 517.147 billion US dollars, down 21.12% compared with the previous week's volume of 655.641 billion US dollars, up 20.45% compared with the volume of 429.33 billion US dollars two weeks ago;

3. Japan's Yahoo's cryptocurrency exchange TAOTAO will officially operate on May 30;

4. Robinhood is seeking a new round of financing, with a valuation of over $7 billion;

5. Tether added 100 million USDTs based on Ethereum and transferred the additional currency to the Bitfinex exchange;

6. Telegram expects to release the blockchain network TelegramOpen Network (TON) in the third quarter of this year.

Second, the trading market

In the past week, the total market value of cryptocurrency continued to hit a new high in the second half of the year, but the total transaction volume declined, and the weekly trading volume fell 21.12%.

Source: CoinMarketCap

It can be seen that in the past 7 days, except for XRP, all mainstream currencies have a certain increase. Among them, BSV has increased by 51.44% in one week, and BNB has increased by 23.40% in one week. In addition, the transaction volume of BSV and XMR has increased significantly, with an increase of more than 100%. .

Mainstream currency exchange prices and trading volumes

 

  Source: CoinMarketCap

Third, mining situation

As shown in the figure below, it can be seen that whether it is BTC, ETH, LTC, DASH or BCH, the reversal point of the change of computing power is at the end of March, and this round of big market has officially opened since the end of March. At present, the computing power of various currencies has fluctuated in the high range of the past three months. It is worth noting that with the increase in the price of the currency, the mining recovery cycle is further shortened. At present, the mining cycle of BTC and LTC is within 200 days, and the mining cycle of ETH is less than 300 days.

Nearly March BTC network computing power

Nearly March ETH network computing power

LTC full network computing power in March

Nearly March DASH network computing power

The network computing power of BCH and BSV in recent March

Source: Bitinfocharts

Based on the electricity cost of 3 Mao and the cost parameters of mainstream miners, the estimated number of days of the current major currencies is as follows:

Data source: JRR measurement

 

Fourth, JRR 30 index trend

According to the latest data released by the JRR Institute, as of 17:00 on May 27, 2019, the JRR 30 index closed at 4,256.01 points, a one-day increase of 5.75%. Since the establishment of the JRR 30 Index on January 1, 2017, the cumulative rate of return has been 4156.01%, while the cumulative rate of return of BTC has been 76.77%, and the cumulative yield of ETH has been 3,168.91%. In the past week, the JRR 30 index has risen by about 3.01%.

V. Stabilizing the situation of the currency

We have chosen to observe the trading situation of stable currency in the past week. We can see that the total turnover of stable currency in the most recent week was 155.48 billion US dollars, down 23.62% compared with the previous week's 203.596 billion US dollars. USDT's average daily turnover in the past week was 21.698 billion US dollars, accounting for 97.68% of the stable currency transaction volume, which is basically the same as the previous week's 97.55%. The second and third stable currencies were TUSD and PAX. The average daily turnover in the past week was $210 million and $156 million, respectively. Compared with the previous week, TUSD volume fell by 27.98%, and PAX volume decreased. 21.02%.

Source: Coinmarketcap

Six, DApp list

In the past week, DAU ranked Top 100's various DApps as follows.

Source: DappRadar

 

Seven, the market summary

In the past week, the total market value of cryptocurrency continued to hit a new high in the second half of the year, but the total transaction volume has declined. This round of big market has officially opened since the end of March. At present, the main currency computing power is fluctuating in the high range of the past three months. In addition, as the price of the currency rises, the mining and recycling cycle is further shortened. At present, the mining cycle of BTC and LTC is within 200 days, while the mining cycle of ETH is less than 300 days.

Note: This article only represents the author's own views and does not constitute any investment advice.

Source: JRR Institute