CoinGecko Releases 2019 Year-End Cryptocurrency Report

CoinGecko Releases 2019 Year-End Cryptocurrency Report

By CoinGecko | CoinGecko Publish0x Blog | 15 Jan 2020


CoinGecko Report 2019

 

We are hyped to announce the release of our 2019 Year End Cryptocurrency Report. Our 50-page cryptocurrency report provides an overview on the state of the cryptocurrency sphere in 2019 through market insights, major events, thought leader opinions and more.

You can Download the Report via this link here.

A big thank you to Dapp.com, Nonfungibles.com and masternodes.online for collaborating with us to contribute insights to our report!

Cryptocurrency Market Overview

2019 Cryptocurrency Returns

2019 was a mixed bag for the top-5 cryptocurrencies with Bitcoin, Litecoin, and Bitcoin Cash making gains while Ether and XRP losing value. 2019’s biggest gainer was Bitcoin with a 95% gain, starting the year at $3,693 and ending the year at $7,195. On the other hand, the biggest loser was XRP with a 45% loss, starting the year at $0.35 and ending the year at $0.19.

Cryptocurrency 2019 Market Dominance Overview

In terms of market capitalization dominance amongst top 30 cryptocurrencies, only Bitcoin and Tether strengthened their positions. Bitcoin’s dominance increased from 56.3% to 71.5% (+15.2%), while Tether increased from 1.85% to 2.35% (+0.5%). Most other cryptocurrencies saw a reduction in their market capitalization dominance in 2019. 

Cryptocurrency Exchange Overview

 

Cryptocurrency Spot Market Derivative

2019 also saw an increase in the number of new cryptocurrency spot exchanges tracked on CoinGecko from 270 to 400 (+150%). Binance remains as the leader and averaged approximately $1 billion in normalized 24 hours trading volume, a 100% increase compared to January 2019. Its nearest competitor, Coinbase, averaged approximately $110 million during the same period of time. 

Cryptocurrency derivatives market also heated up in 2019 and CoinGecko started tracking derivative products and 25 new derivative exchanges in 2019. BitMEX leads as the most popular derivatives exchange, most notably in perpetual swap contracts. Throughout December 2019, BitMEX’s open interest was approximately $1 billion, a 233% increase compared to January 2019’s figure.

Other Highlights from CoinGecko’s 2019 Year-End Cryptocurrency Report

Stablecoins: USDT dominates, DAI most volatile

Stablecoin 2019 Market

Tether continued to dominate the stablecoin market in 2019 despite being dogged with allegations of it not being backed 1:1 with the US Dollar. It was the only stablecoin to have increased its circulation dominance while the others suffered losses. In terms of breakage of USD peg, Dai was the most volatile with 111 counts of it breaking its peg while Tether was the most stable with only 3 counts. Breakage of USD peg is defined as deviation of ±1% from $1.00 using daily closing prices.

2020 Predictions

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We gathered 2020 predictions from 20 thought leaders in the space such as Taylor Monahan (CEO of MyCrypto), Samson Mow (Chief Strategy Officer of Blockstream), Justin Sun (CEO of Tron and Bittorrent), and Sandeep Nailwal (COO of Matic Network). The 2020 predictions give a glimpse of what may take place this year. A recurring theme is that many seem to agree that 2020 will be an exciting year for DeFi use cases.

The Numbers that Defined Bitcoin’s decade

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In the past 10 years since its inception, Bitcoin amassed over 34,100 mentions in Google Scholar, turned $1 to over $90,000, inspired the creation of over 6,000 different cryptocurrencies, over 19,000 trading pairs across 400 exchanges, as well as 3,200 crypto-related companies. Over 18 million bitcoins have been mined, and only 3 million more will ever be created.

 

Ethereum 2.0 Explained

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You’ve heard someone saying - Ethereum 2.0 (Eth 2.0) will be coming soon! Faster, better, staking - but just what do they mean, and why is Eth 2.0 needed? We gathered that information for you, and then further summarized the workings of Eth 2.0 in one slide for people who need an overview on what Eth 2.0 is, along with explainers on fabled Proof-of-Stake to give you a full picture on what the future holds for Ethereum! 

Free to download

For the latest crypto insights and market overview, grab CoinGecko’s 2019 Year-End Cryptocurrency Report via the link here.

If you have any questions, comments or feedback, drop us an email at hello@coingecko.com. It would be awesome to hear from you!


CoinGecko
CoinGecko

CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.


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