The halving market is approaching a climax, and there is a large demand for BTC callbacks
PART.1 This week's market overview and trend
Last week, the overall market continued to maintain an upward trend. With the benefit of the halving of BTC, the market value once rose to more than 270 billion U.S. dollars. The total market value of the first week was slightly lowered, and it has been unilaterally upward since then. As of 0:00 on May 9th. Last week, the total market value of digital assets was 269.5 billion US dollars, an increase of 8.5% compared to the previous week's 248.5 billion US dollars. In terms of trading volume, although it was affected by the halving pull this week, the trading volume has been sluggish.
The price trend of BTC last week was slightly stronger than that of the broader market. This week has been the eighth consecutive week of positive lines, and the weekly level has touched the upper track of the convergent triangle. BTC has a strong demand for callbacks. Looking at the trading volume, the trading volume of BTC has begun to fall this week, forming a situation where the volume and price diverge. There may be a sharp pullback after the halving. As of 0:00 on May 9, the current price of BTC was $9,800, a 10% increase from $8,900 in the previous week.
Although ETH has also risen this week, due to the serious blood sucking of BTC, the increase of ETH is lower than that of BTC. And in recent weeks, the weekly closing line has been getting smaller and smaller. This week's closing line is close to the cross star, and the trading volume of ETH has dropped like BTC. Now ETH feels a little bit at the end of its battle. As of 00:00 on May 9, the current price of ETH was 21.3 billion U.S. dollars, an increase of 2% from the previous week's 20.9 billion U.S. dollars.
In terms of computing power, in the past two weeks, the Bitcoin computing power has fluctuated upwards with the price of the currency, reaching a maximum of 129.42E. There has been a slight decline in the past two days, but the overall level is still at a relatively high level. In terms of Ethereum, the computing power rose slightly last week, but the change was not significant. The current computing power remains around 187T.
Market Overview and Trends of the Week This Week Market Overview and Trends
PART.2 Dapp Analysis
In this week’s Dapp rankings, compared with last week’s lottery and game-based Dapps, this week’s categories have begun to show diversification, and 3 financial categories are also on the list. Moreover, the number of Dapps in Yuzu and Tron has already surpassed that of Ethereum, which shows that other public chains have become active besides Ethereum. This week, 888Tron, a lottery Dapp, performed outstandingly, and its transaction volume nearly tripled. Last week, Dice’s transaction volume increased the most and this week topped the list. MillionMoney fell from the top of the list, underperforming, with a 59% decline in transaction value.
Ethereum
Ethereum
Among the top ten Dapps ranked by ETH this week, financial Dapps are still the main ones, followed by exchanges, especially We'DX, a new exchange on the list. The change in transaction volume is very considerable. Last week, game Dapps also performed well, but this week only EASY CLUB was on the list. It can be seen that the market demand is inclined to financial attributes such as lending and Dapp applications such as exchange platforms. There was a lottery Dapp on the list last week but it fell off the list this week. For lottery Dapps, both Yuzu and TRON performed better than those on Ethereum.
EOS
The overall performance of Grapefruit's Dapp this week is not very optimistic. Compared with last week, it can be said that there is a difference between heaven and earth. Except for the interstellar search engine, the transaction volume of other industries is declining. Last week, the transaction volume of lottery Dapp applications increased by more than 70%, and this week is all red. Although Dice topped the list due to its excellent performance last week, its transaction volume has dropped rapidly this week. If it continues like this, it may fall out of the top three. In addition, the exchanges that performed well were extremely inactive this week. Not to mention games, too. I hope there will be some improvement next week, otherwise the grapefruit ecology may lose its vitality.
TRON
This week, TRON is still dominated by lottery-type Dapps, and there are two transactions in the top ten. On the whole, it is relatively better than grapefruit. Except for 888Tron, a lottery Dapp, and TRON JOYSO, an exchange Dapp, the performance of others is mediocre. TRON JPYSO is a new exchange on the list. As mentioned earlier, Dapp shows market demand on the one hand.
