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Coingecko cryptocurrency market report in 2019

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CoinGecko has published his cryptocurrency report for the year 2019. It is an overview of 50 pages of the state of crypto markets with several ideas about what happened in the year that ended recently.

The report states that during 2019, of the five largest cryptocurrencies, Bitcoin, Litecoin and Bitcoin Cash gained value, while Ether and XRP lost value. Among these, the biggest gain was that of Bitcoin, with 95%, while the largest losses were recorded by XRP, with -45%.

With respect to the domain, Bitcoin was also the leader, from 56.3% to 71.5%, followed by Tether, which increased its position from 1.85% to 2.35%. Most other cryptocurrencies decreased their domain during 2019.

With regard to exchanges, the CoinGecko report went from analyzing 270 to 400 exchanges, with Binance retaining his leadership, with an average daily commercial volume of approximately $ 1 billion, an increase of 100% over the previous year.

Second among the exchanges analyzed, is Coinbase, with an average daily trading volume of approximately $ 110 million.

Of greater importance were increases in the cryptocurrency derivatives market, with BitMEX dominating the sector during the year, reaching an open interest of around $ 1 billion in December 2019, an increase of 233% compared to the January figure.

The report also covers the stable currency market, dominated by Tether, That was the only stable currency that increased its dominance, while all others declined in this regard.

The most volatile, among those linked to the US dollar, was DAI, who broke his plug 111 times, while Tether only broke it 3 times. In this case, "breaking your parity" means a deviation of more than 1% or less than -1% of the daily closing price with respect to USD 1.

The co-founder of CoinGecko, Bobby Ong commented:

“In 2019, BigTech became more involved with blockchain and Facebook took the lead through Libra. Central banks around the world are also actively researching blockchain and the Central Bank of China seems to lead with its digital currency from the Central Bank. The 2020s certainly promise to provide a lot of excitement by redefining the concept of money in our economy. ”

The Coingecko report also brings together some of the key forecasts for 2020 of 20 industry leaders, including the CEO of MyCrypto, Taylor Monahan, the Blockstream Strategy Director, Samson Mow, the CEO of TRON and BitTorrent, Justin sun , and the Operations Director of Matic Network, Sandeep Nailwal.

Among them, several agree that 2020 could be an exciting year, especially for DeFi use cases.

Finally, the document also gives space to some significant numbers of the decade that ended recently: more than 34,100 mentions in Google Scholar for Bitcoin, as a result of the price increase 90,000 times, the creation of more than 6,000 different cryptocurrencies and more than 19,000 transactions they are matched in 400 exchanges, 3,200 companies linked to cryptocurrencies and more than 18 million BTC extracted, and only another 3 million remain to be extracted.



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