State of the Cryptocurrency Market. August 2019

 

Meet our new monthly report to see what happened in the Crypto field in August. The August report focuses on various metrics including financial, technical, and network activity metrics. Moreover, it provides a monthly summary of the latest news of the market, interesting stats, and academic publication in the fields of Blockchain and Cryptocurrency. Also, this time we added statistics on active addresses and transactions.


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In August, only Ethereum Classic (ETC) and USDC demonstrated the positive returns compared to Bitcoin and in general. Considering, that USDC is a stable coin, we can say that only ETC showed the non-negative return of 0.25%. The monthly performance turned out to be negative for 23 out of 25 cryptocurrencies.

Bitcoin is tweeted less in this month compared to July, as well as many established cryptocurrencies.

Google trends in cryptocurrency worldwide have changed, with notable mentions like Brazil, climbing to the 3rd place of the ranking, and Switzerland landing on the 5th. Ghana, that rated 3rd last month declined by 3 positions. New Zealand’s interest has significantly increased with it climbing up by 8 positions, while Slovenia’s population interest has declined by 9 positions.

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Elena Obukhova