Crypto Market Trends & User Trends, According to CoinMarketCap (Q1 2020 Version)

According to CoinMarketCap

As the sector’s #1 price-tracking, ratings and marketplace knowledge web site for cryptoassets, CoinMarketCap is understood for plenty of of its contributions to the ever-growing crypto trade. On this “According to CoinMarketCap” (Q1 2020 version) document, we provide you with our distinctive insights on how the crypto marketplace has carried out and what the notable tendencies are for Quarter 1 2020 — during the lens of our proprietary marketplace capitalization knowledge and person insights from our huge person base!

Under is an govt abstract of our key findings. When you’re one for the main points, download our complete document for deeper insights, breakdown by way of person area and nation and extra charts!

Q1 at a Look

As a lot of it’s possible you’ll know, Q1 was once a turbulent length for individuals within the crypto trade. The beginning of the yr noticed a robust call for for crypto, with Bitcoin attaining a prime of $10,500 and overall marketplace cap hitting $305 billion in February. 

Then again, because the selection of COVID-19 circumstances skyrocketed and unfold world wide, main the International Well being Group to categorize the virus as a world pandemic, all markets — together with conventional secure havens like gold — plummeted ahead of occurring to get better within the following days.

  • The cost of Bitcoin fell a whopping 43% on March 12, touching a low of $3,900.
  • At the similar day, the overall crypto marketplace cap hit a low of $150 billion, 57% less than the former month.

Whilst Bitcoin is oft-touted as “digital-gold,” it bought off the toughest, which brought about folks to query its standing as a purported safe-haven asset.

That mentioned, in Q1, each Bitcoin and the crypto marketplace basically have outperformed world benchmarks for equities, just like the MSCI International Index and S&P 500.

As of late, crypto markets have regained a significant portion in their March losses, however they nonetheless have many ways to pass ahead of they get better to the fee ranges we noticed early within the quarter. 

Throughout the Crypto Market, It Was once a Combined Bag

In Q1, Bitcoin suffered better relative losses in marketplace cap (-9.78%) when compared to many of the most sensible 10 different cryptoassets in addition to the remainder of the opposite cryptoassets as a complete.

Then again, there have been a number of cryptoassets that received important momentum on this grim quarter. By way of marketplace capitalization, BCH (+10.48%), BSV (+76.0%), XTZ (+20%), LINK (+25.4%) and LEO (+26.83%) have been ready to pop out of Q1 higher than they began.

Bonus perception:
Particularly, BSV and BCH gained a unexpected surge in consideration; the previous shot up 29 spots to develop into the 7th maximum considered cryptoasset on CoinMarketCap, and the latter rose 14 spots to develop into the 10th. 

One thing attention-grabbing we famous was once a drastic drop in person visitors from China that coincided with the start of the COVID-19 world pandemic, additionally timed with speculations across the Nice Firewall and China’s suppression of on-line citizen studies regarding the pandemic that may have affected get entry to to web services and products (see Phase 3 within the detailed document for more info).

Amid the combined panorama in crypto, two different tendencies gave the impression promising.

43.24% Enlargement Amongst Feminine Customers

Throughout the feminine person phase, the Americas and Eu areas grew greater than 50% in customers. A phenomenal enlargement of greater than 80% in feminine customers was once led by way of nations together with Colombia, Venezuela, Romania, Greece and a number of other others. (See Phase 5 within the detailed document for a complete record of nations).

Enlargement in Feminine Customers
(Information from CoinMarketCap.com)

46.04% Enlargement Amongst Formative years Customers

In relation to the early life person phase (elderly 18-24), the continent of Oceania noticed the most important share soar of 151.95%, adopted by way of Africa with 91.47%. Phase 6 within the detailed document lists the nations that noticed outstanding enlargement of greater than 80% in younger customers; those come with India, the United Kingdom, Spain and Mexico amongst others.

Enlargement in Customers Elderly 18-24
(Information from CoinMarketCap.com)

File Conclusion

It’s telling that our knowledge presentations how the crypto trade remains to be nascent and proceeding to evolve.

Q1 confirmed us that the alternatives for crypto marketplace enlargement don’t leisure only on Bitcoin. Whilst Bitcoin dominance holds sturdy, different cryptoassets reminiscent of BSV and BCH have displayed skills to outperform Bitcoin and world asset benchmarks just like the S&P 500 Index.

Apparently diminishing is the hype round crypto as a fund elevating mechanism. From the 2019 increase of preliminary coin choices (ICOs) to exchange-led fundraising in preliminary replace choices (IEOs), the viability of elevating capital by means of the issuance of tokens is now at a trough. That mentioned, there may be a lot untapped possible within the blockchain revolution. We for one at CoinMarketCap are in prime anticipation of recent, cutting edge answers that the trade will convey.

It’s nonetheless too early to foretell the position and destiny of crypto, as it will grasp other that means to other teams of folks, relying at the financial and social climates during which they reside. As proven by way of our person knowledge, crypto continues to garner extra consideration from other corners of the sector, particularly with the rising hobby from younger (and child boomer) demographics. Because the crypto evolution unfolds, let’s proceed to stay an energetic pulse on it.


For extra main points and charts in the marketplace efficiency, in addition to the breakdown by way of area and nation that noticed immense feminine and early life person enlargement in Q1, download the overall document!

Here’s an overview of the important thing contents within the document

  • Intro: 2020 — A Robust Get started, Adopted by way of Large Promoting of Belongings for Money
  • Phase 2: Specializing in the Restoration
  • Phase 3: Bitcoin Suffered, However Six Different Cryptoassets Received
  • Phase 4: How China’s Drop in CMC User Geography Relates to COVID-19
  • Phase 5: Robust Feminine User Enlargement by way of Geography
  • Phase 6: Robust Formative years User Enlargement by way of Geography

When you like our “According to CoinMarketCap” studies, take a look at the previous editions right here!