Topic: Crypto Assets Monthly Highlights x Huobi Talk ep. 33 (Read 63 times)

Current state of cryptocurrency market

First days of June gave to us no information about opportunities of top cryptocurrencies. All the charts are pretty close to repeat the bitcoin’s one. Nevertheless, there are some interesting issues. TRON already started its mainnet, EOS is finishing its ICO and we are facing the lowest weekly fee in bitcoin mainnet. On the other hand, we got 51% attacks, witch strikes Verge and ZenCash, it means that cryptocurrencies lower than top 20 are not the safe assets. Therefore, top projects have more opportunities.

Average daily volume is above $15 billion and market cap still in the $320-350 billion corridor. On the other hand, BTC dominance is decreasing under pressure of new projects. Therefore, in intention to make diversification of assets, cryptotrading platform Huobi created HB10 ETF token that includes different cryptocurrencies and tokens. This will help long-term investors to minimize risks and be more confident in keeping crypto assets.

TRON mainnet launch

From the start, TRON itself was the ethereum based electronic entertainment network. The main goal was to create the decentralized content network and TRON is going to achieve it. The May 31 the main network, completely made by TRON developers, was launched. Earlier, the main network was built using ERC-20 standard from Ethereum cryptocurrency. As developers said it, the second crucial date will be 25th of June. From 1st to 25th of June TRON will be working in beta variant. Charts did not seriously react to the start of TRON independent main network, but it would affect in the nearest future.

Huobi - one of the largest crypto trading platform now is working with TRON, which encourage interests and discussions about projects opportunities. TRON mainnet exchange of TRX will be 1:1 for the new network. Get your Huobi account now: https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523

Now TRON is at 10th place with $3,9 billion capitalization and about $200 million volume.

EOS cryptocurrency

EOS - is the new solution of Ethereum Blockchain. It is faster; it suits for different tasks and use much less electricity. EOS has all opportunities to overcome Ethereum in usability because of integrated development kit and interface. On the other hand, it has a fast Blockchain that creates a block in 3 seconds. Moreover, difficult system of choosing a block creator makes impossible to abuse PoW algorithm as it is in bitcoin. In addition, one of the most important benefit - is about zero fees.

EOS ICO

The Initial Coin Offering of EOS was started in summer 2017 and is going to be finished in summer this year. EOS can easily overcome Telegram Open Network in ICO volume and become the biggest initial coin offering.

Huobi Weekly Review

Hear from Researcher perspective for top crypto assets in June! Mr Dazhi Guo, Chief Research Fellow and Zhaofei Ding, Researcher at Huobi Academy of Blockchain Application sharing special tips and insights! https://www.youtube.com/c/huobipro/live?hbreporttwitter=

According to the newest Huobi , the last week of May was not beneficial for cryptocurrency market. Capitalization dropped to $309 billion as well as 24h volume that decreased by 18.86%. Majority of cryptocurrencies was dropped about 15% and Huobi index HB10 decreased by 5.4%.

On the other hand, the number of unconfirmed transactions dramatically decreased in bitcoin by 33% but raised in ethereum by 55%. It creates risks around second digital currency. However, the whole situation is stable and attached to BTC charts.

TRON now is the most discussing topic in GitHub. Mainnet of TRON now is in the investors focus, but it did not affect charts as well as it was expected. The next crucial day is 25th of June, as it was called “independence day of TRON”.