CoinGecko made the Cryptocurrency quarterly report Q2 2020.

[MilaNi 603]

CoinGecko made the report about the cryptocurrency and the situation on the market for the Quarter 2 of 2020.

 

Of course the 3-rd Bitcoin Halving was mentioned there, the Ethereum increased market dominance by 1.6%, the situation with some of stablecoins during this Quarter 2, hash rates and the industrialization of Bitcoin's mining and lots of other things comparing with the Quarter 1 of 2020.

 

According to their report the total market cap of crypto market grew by 44.5%, but at the same time the trading volumes declined by 55%. 

 

They mentioned some reasons for such a situation: users' HODLing, Black Thursday that occured in March, and one of the reasons was the growing interest on the crypto market towards the DeFi (Decentralized Finance) and Derivatives trading. 

 

You may find more detailed information via these links :

https://landing.coingecko.com/q1-2020-report/

 

Interesting to read your opinions about the Quarter2 2020. Was it successful for you or not?

 

In your opinion what had the major influence on the situation on the crypto market in Q2 2020?

 

Was the 3rd Halving successful for the BTC and personally for you?

 

And what your opinion about the DeFi? Because there is a real growing interest among the participants of the crypto community. 

 

 

 

 

 

[Whited35 15285]

9 hours ago, MilaNi said:

According to their report the total market cap of crypto market grew by 44.5%, but at the same time the trading volumes declined by 55%. 

Are they talking about trading volumes on CEX or DEX or on both? Well you have asked some questions , I try to deal them one by one. 

 

9 hours ago, MilaNi said:

 Interesting to read your opinions about the Quarter2 2020. Was it successful for you or not?

I am having mixed experiences so far. Due to a sharp declination of price of Bitcoin due to COVID-19, I was able to buy and HODL more BTC but while performing some active day trading, there were losses too due to a wrong market analysis. Collectively, despite COVID-19 pandemic, I consider myself a luckiest trader/investor in 2020. 

9 hours ago, MilaNi said:

In your opinion what had the major influence on the situation on the crypto market in Q2 2020?

No doubt , that was COVID-19 pandemic which is still affecting cryptocurrency markets.

9 hours ago, MilaNi said:

Was the 3rd Halving successful for the BTC and personally for you?

My exceptions gone wrong regrading 3 halving event of Bitcoin. Well, there were several factors, responsible not to give a raise in price of Bitcoin in cryptocurrency markets despite it's steady supply after 3rd halving. I am still staying positive and I hope best moment to trade BTC is yet to come 😊

9 hours ago, MilaNi said:

And what your opinion about the DeFi? Because there is a real growing interest among the participants of the crypto community. 

DeFi is getting an incredible popularity over centralized financial system. I think this is an indications that, people are searching the platform to have full control over their money. On DEX, traders can have p2p tradings of cryptocurrencies. Maybe this one is a major reason that DeFi is getting incredible craze from traders all around this world. 

[Moaz 7239]

CoinGecko is one of the most important platforms that provide you with all the information about cryptocurrencies in terms of prices, trading and the latest developments in the crypto market, and I think it is useful for all crypto users to read this report issued by CoinGecko about cryptocurrencies in the second quarter From 2020

[sharostamim 25]

I really love coingecko report. I don't miss their any update report. They provide much information about cryptocurrency and share with user. I get much important news and update from coingecko without research. That's really cooolll !!

[Honny143 13612]

Coingecko is one of the legit website to gives real information for crypto user's, they observe every active in crypto market then they provide the information, you mention 44.5% growth increase in crypto market  so many new users add in crypto because the corona pandemic so many users invest their funds to earn passive income are pay bill's through crypto currency.

[BTC Future 3946]

14 hours ago, MilaNi said:

And what your opinion about the DeFi? Because there is a real growing interest among the participants of the crypto community. 

I think we need to risk a lot of funds for a lot of time and eventually get a small reward. All this without even considering the fact that prices of the tokens we lend and borrow might go down a lot. Even if Bitcoin price rises there is no guarantee that altcoins will. 

I've checked compound and it seems you need to invest something like 20,000 USD to get 1,000 out of interest in one year time. 5%APY. Of course such yield is not offereed by any bank, but why would I trust compound instead? We've seen many problems with the smart contracts these platforms use and already there have been many events.

[Syedbesharat 5423]

I read coin market reports but coingeku report is also good to read.Where they have mentioned many  useful information of quarter 2 of 2020.Which will help us for quarter 3 .Because of corona virus the interest of crypto is drastically increase but the market is goes to 1/3 of his original size.The world is facing worst pandemic which destroy the economic and  industries.The third quarter is also looks not good for crypto.But some good news are start coming and hops this will be good after August.

[Raqeebzy 6456]

18 hours ago, MilaNi said:

According to their report the total market cap of crypto market grew by 44.5%, but at the same time the trading volumes declined by 55%. 

I am not so much surprised about the increased market capitalisation, it was meant to be just like the first quarter of the year. 

My view on the trading volume (you might have a different opinion) was basically because large number of investors and traders were so much into holding, everyone probably waiting for the much anticipated bull run predicted this year and the next. So people are just into holding as a better alternative to trading, which is of course riskier.

[malik6314193 5449]

I am following coingecko and i read its first quarter report. According to first report, market goes down due to covid but in second quarter market goes up. And i think in next quarter of year bitcoin will be pumping up it's price up to 20000$.

[Adill khandakarya 47]

I am new here I just trying to understand about that

....

 but I hope

and I expect that It is reallly a such good site,

and I will try to know about it, and I could it very soon

[TheRaed 1247]

I will talk about the point of declining turnover and this is due to the instability of the currency market, which began to recover slowly a short time ago

[TimopheyKa 3900]

On 05.07.2020 at 03:40, MilaNi said:

Interesting to read your opinions about the Quarter2 2020. Was it successful for you or not?

 

In your opinion what had the major influence on the situation on the crypto market in Q2 2020?

 

Was the 3rd Halving successful for the BTC and personally for you?

In fact, for me, 2020 turned out to be very productive in the development of cryptocurrencies, because it was my first year, because I only started learning cryptocurrency a year ago. I think the idea is that halving allowed the cryptocurrency to hold more stable, so I think we can expect a high price in a couple of years! Thanks.

[Swapzone 174]

Very useful report! Gives out various data and statistics of use of crypto.

As per the report seems like this year is very productive in terms of crypto adoption/growth.

[SuperCrypto 7193]

I respect Coingecko because it provides important and accurate information on the cryptocurrency market and I am glad that it said regarding the market recovery that it can recover from the March crash.

[Izeal 4404]

It's very important to view all the old report and report about the cryptocurrency in the coingecko will be helpful because we can analyze the cryptocurrency and predict the future price because in cryptocurrency future will repeat. 

[Captain Karim 0]

Many investors are not trading in the market now and are content to keep their positions until the next bulls move, so the decrease in trading volume is a natural thing, and the number of addresses that have more than 100 Bitcoin has increased significantly in the recent period.

[CoinFree 54]

Coin Gecko has always been a great place to find and compare data on emerging and established cryptocurrencies and this year it wasn't wrong either.

[Shaza Ahmad 1682]

The market value of cryptocurrencies in general increased significantly during the third quarter of this world, perhaps due to the collapse that occurred during the second quarter, which took the market to the moon, as the market value of many cryptocurrencies increased exponentially and these results can be reviewed on CoinGecko.

Edited October 24, 2020 by Shaza Ahmad

[Cryptomint 433]

I really love coingecko report. I don't miss their any update report. as the market value of many cryptocurrencies increased exponentially and these results can be reviewed on CoinGecko.

[Abdulrahman3 1252]

I recently entered the world of cryptocurrencies, so I was not a trader in the second and third quarters of 2020, but what we all see is a bitcoin rise in the fourth quarter and perhaps it will reach a price it did not reach before, and this is what most traders bet on buying Bitcoin and store it.

[Khan 1414]

On 7/5/2020 at 3:31 PM, sharostamim said:

I really love coingecko report. I don't miss their any update report. They provide much information about cryptocurrency and share with user. I get much important news and update from coingecko without research. That's really cooolll !!

Coingecko  show the Bitcoin as the number 1  ranking coins and the Market cap is increasing on daily basis. Bitcoin just cross the $25,000 in the Yobit exchange and the price is different in other exchange.