Coingecko Q2 report: crypto summer is full on

20 Jul, 2019
by Alberto Arnaldo
Analysis
Coingecko Q2 report: crypto summer is full on

The coin market ranking chart and data app Coingecko has just published the latest version of their quarterly report, with an overview of the crypto ecosystem over the recent months.

Overall, the Q2 report sheds a very positive light onto crypto markets, with milestones such as the irruption back into the mainstream thanks to Facebook´s Libra, the increase of exchanges and projects, plus of course the general upwards price trend that has led to a spike of 125% in crypto market capitalization.

Coingecko´s report listed plenty of interesting insights, such as the surpassing of “stocks” by “Bitcoin” as search terms. The event had not happened since the run of BTC towards $20K, back at the end of 2017.

Together with the aforementioned increase of BTC over stocks, another trend of the last three months has been the raise of Initial Exchange Offerings (IEO), which peaked in April thanks to almost $110 million raised by 34 IEO´s in a single month.

One of the downsides of the second quarter of 2019 has been the increase in the number and sophistication of hacks, with the $40 million theft from Binance as a clear example. Other notorious exchanges hacked over the last months include Cryptopia, Bithumb, Gatehub and Bitrue, for a total value of all electronic thefts of $83 million.

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