“I’ve learned that you shouldn’t go through life with a catcher’s mitt on both hands; you need to be able to throw something back” Maya Angelou
ONE TO WATCH…
This week’s ICO/pre-sale to watch has attracted high interest on ICO Drops. QuarkChain is an extremely high-throughput blockchain that hopes to achieve up to 1 million on-chain transactions per second. Their blockchain is focused on scalability through sharding technology.
Recent ICO Stats
Token Report is tracking the number of ICOs and the hard caps (maximum capital being raised). While the number of ICOs/week has been averaging around 45 this year, the hard cap average has steadily declined to around $25 million from around $40+ million at end of last year – reflecting a weaker overall crypto market in Q1 2018.
MARKET REVIEW & TOP CRYPTO MOVEMENT FOR THE WEEK
The cryptocurrency market had a strong week – with back to back 20% weeks. The overall market cap recaptured the $400 billion mark with the rally. The volume also seems to pick up after steady decline since the beginning of the year.
BTC’s market dominance is at 38% of total crypto market cap – meaningfully down from its recent highs of 47%, despite BTC up 10%, on the strong rally in the alt-coins.
Top 10coins by market cap %
_____________________________________________________________________________________Top 5 gainers last week – in top 100 coins. Alt coins had a big week, but the top 5 performers prominently feature bitcoin forks.
Top 5 laggards last week – in top 100 coins. The strength of the alt-coin rally is seen here with just one token – Verge losing ground last week. However, Verge is just giving back some gains after a strong month of April.
A hardware wallet is an offline way to store your cryptocurrency tokens and private keys on a secure and tamper proof hardware device. To date, there have no verifiable instances of tokens stolen from a hardware wallet.
Hardware wallets have major advantages over standard software wallets or storing tokens on exchanges:
private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the hardware wallet in plain text, even if it is connected to the internet
immune to computer viruses that steal from software wallets
multiple instances of crypto exchanges being hacked and investors losing their tokens
you can still access the tokens on the hardware wallet even if you lose it by restoring them on a new wallet by using your secret pin code or recovery phrase