ICO Ratings on ICOformula - Movers and Shakers of Week 26

A healthy weekend by all accounts for the cryptocurrency markets. The global cryptocurrency market cap up by $20 billion from Friday to $256 billion, Bitcoin now at $6337, up by $408 and Ethereum also making gains, up $33 to $450.

Gains seen over the weekend appear to be in spite of yet more mainstream media FUD from the UK “newspaper” the Independent running an article headlined “Bitcoin has fallen to its lowest point since November and will probably be totally wiped out”. The article itself is credited as having been written by someone called “Hamish McRae” yet reads almost as though it’s been automatically generated with one of the better content writing platforms available to news publishers – as opposed to someone with actual knowledge of the industry. Of course the Independent appear to be quite happy to run ads for cryptocurrencies and so on – one would think they would refrain from continuing to fuel baseless rumours and produce useful and perhaps even informative content for their readers.

A state run think-tank in India is planning a research project exploring the possibilities of using blockchain to handle fertilizer subsidy payments to farmers across the country. Under the proposal the National Institute of Transforming India (NITI) has initially signed an agreement with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to streamline subsidy payments to farmers to eliminate the need for documents and multiple authorisation points. The Reserve Bank of India is still yet to sort out their regulation of cryptocurrencies generally, so whilst it’s great to see new projects and adoption of blockchain and distributed ledger technology generally, the Indian central bank perhaps should review its regulatory stance before it paints itself too much further into a corner as it were.

New ICO Ratings on ICOformula:

Genesis Supply Chain Aviation (GSCP)
Wono (WONO)
Vault12 (VGT)
Grapevine World (GVINE)
Hyperquant (HQT)

Last week in the world of ICO Ratings on ICOformula:

The first chart shows us how the top 10 ICO’s by average position have changed over the course of the previous week:

The second chart shows the top 10 ICO’s by largest average position gain over the past week:

The third chart shows the top 10 ICO's by largest average position drop over the past week:

Caveat: Only ICO’s that have had the status of ICO are used in the data set for the full 7 day range are included in the following charts. ICO’s that either entered the dataset mid-way through the week, OR completed the ICO process and completed their sale/trading as tokens are not included in these charts.

As some users will have noticed we are rolling out a new structure to ICOformula with some changes to the ranking and rating mechanisms behind the scenes, changes will be reflected in the weekly reports starting next week - we'll also be publishing a full run-down of the changes we have been applying and why, along with some reports on how well our rating system has performed to date.

Learn more about ICOformula ICO ratings and how the Formulatron calculates them in our in-depth guide to how ICOformula rates ICOs.

 

Created: Monday, July 2, 2018

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