DeFi hype, new crypto’s and Best deal provider of August

Undeniable that the DeFi hype is real. Or is it more than a hype? Probably still to early to conclude. But, one thing is for sure and that is that DeFi (Decentralized Finance) is a keeper looking at the charts and the amount of crypto that has been added for the last two months. In July Compound (COMP) was one of the noticeable ones and in August we have Band Protocol (BAND), Dia (DIA), Swipe Token (SXP), Reserve Rights Token (RSR) and many others. An “older” DeFi crypto that profited from the DeFi hype is Chainlink (LINK). The price surged resulting in a new all time high and a spot in the top 10.

Polkadot (DOT) entered the top 10 ranking based on marketcap as well. Polkadot (DOT) recently underwent a redenomination which caused the amount to be 100x smaller than the old DOT. Therefore, your DOT balance will be 100x higher and the price per DOT will be 100x lower for that moment. But the price rose, moving the crypto up in the charts.

Rise of DeFi with the sunset at CoinCompare

In August Bitcoin (BTC) hit the € 10,000.- average buy price mark on CoinCompare. The sell price hit the same mark not much later. A great event as the value stayed for a long time around the 10k boundary. As of writing the market doesn’t look promising. A lot of signs are showing that a bearish time is coming up. Probably due to the strong Euro and Dollar and liquidated futures.

Further in this Buzz of August; CoinCompare, monthly Throwback, Crypto listings, the top 5 ups and downs and of course, as always the recurring Best deal provider of the month announcement!

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Throwback

A couple notable developments and happenings:

CoinMarketCap launched their crypto Earn program – We tried it, but it’s far from the same as Coinbase Earn. The chance of really ‘earning’ is relatively low in compare to Coinbase Earn.

Crypto DeFi YAM flipped bitcoin temporarily from the #1 spot on CoinGecko

MicroStrategy adopts $ 250 million in bitcoin as primary treasury reserve asset

Largest darknet market offline, exit scam suspected

Broker ceases deposits and withdrawals of 5 privacy crypto’s due to regulation (NL)

Crypto listings and top 5 ups and downs

Listing month August Yellow orange emoji star! A lot of listing activities and zero delistings. The listings are mostly coming from the DeFi hype to ensure users of the providers have the availability to all new DeFi crypto’s. Bitladon and Knaken added both seven new crypto to their platform with Knaken still in the top with offering the most crypto. Let’s check out the rest of the overview below of which crypto’s have been listed at our largest providers:

Listed

Delisted

Knaken: Algorand (ALGO), Compound (COMP), Kava (KAVA), Kyber Network (KNC), Orchid (OXT), Polkadot (DOT), Tether (USDT)
Knaken:
Bitladon: Band Protocol (BAND), Dia (DIA), Polkadot (DOT), Reserve Rights (RSR), Safe Haven (SHA), Swipe Token (SXP), Travala.com (AVA), Elrond (ERD) to mainnet (EGLD) token Bitladon:
Coinmerce: Band Protocol (BAND), Polkadot (DOT), The Sandbox (SAND), Elrond (ERD) to mainnet (EGLD) token Coinmerce:
Bitvavo: Bitvavo:
LiteBit: LiteBit:
Anycoin Direct: Anycoin Direct:
Coinbase: Band Protocol (BAND), Numeraire (NMR)
Coinbase:
BLOX: Algorand (ALGO), COSMOS (ATOM), TRON (TRX), VeChain (VET) BLOX:

As of writing the total amount of unique and price comparable crypto, per the largest provider, are as following in compare to previous month:

Knaken 217 (+7)
Bitladon 207 (+7)
Coinmerce 141 (+3)
Bitvavo 58 (-)
LiteBit 53 (-) Currently under going maintenance due to wallet support. Among them are Monero, NEM and Zcash. Full article here.
Coinbase 26 (+2)
Anycoin Direct 26 (-)
BLOX 21 (+4)
———————————
CoinCompare 176 (+3)
CoinWall 329 (+9)

We started August with 173 crypto’s where we compare the prices of. With the additions and removals the total amount has become 176 different crypto’s on our unique one page price comparison overview. On CoinWall, where all offered crypto by our providers are shown, we now support 329 crypto’s to choose from.

In July Spendcoin (SPND) came out victorious with almost 600% gain. In August it is one of the losers with a loss of almost 50%. Still, a massive gain of 550% over two months.
Hereby the rest of the biggest ups and downs in August, wherein PCHAIN (PI) came out victorious:

Ups

Downs

+341.98% PCHAIN (PI) -56.15% Cosmo Coin (COSM)
+252.92% AirSwap (AST) -49.03% Spendcoin (SPND)
+230.58% Aragon (ANT) -46.58% BlockTV (BLTV)
+217.48% Storj (STORJ) -36.45% XEL (XEL)
+212.16% OMG Network (OMG) -35.86% APIX (APIX)

 

Best deal provider of the month

Here are the best deal providers of the month August. Over the past month 13 providers with 176 comparable crypto’s and 352 buy and sell prices are monitored to come to the following result:

Bitladon! At number three, far from the top 2, Bitladon. Bitladon is keen to ensure their users have the availability of the newest crypto. They also add those to attract new users. Unfortunately their price (without VIP discounts) is still high. But, it is still enough to ensure bronze with 61 entries and a 17.32% share. A loss of 0.86%.

Bitvavo! We like their web and app platform, clear buy and sell process, transparent and visible fee costs, good prices, simple yet modern design, but still lacking new crypto. It’s going to cost them customers. We know it is harder for Bitvavo to add new crypto, because as an official exchange they manage and create their own order books. The competitions is working with order books of big exchanges like Binance and KuCoin which makes it easier to add the order books of a new crypto. Anyway, steady holding silver with 107 entries and a 30.39% share. A loss of 0.86% in compare to previous month.

Coinmerce! The king Crown apple emoji at CoinCompare of the providers on CoinCompare! Not everything is perfect, but they sure do have the most best deals and are therefore the Best deal provider on CoinCompare with 141 entries and a 40.05% share. In compare to July a small loss of 0.85%. Swaps, trading crypto for crypto, hasn’t been launched yet, so besides their listing activity there are great things coming up. See you next month!

Broker of the month at CoinCompare

The best deal provider of the month is determined independently with the average of cumulating snapshots of buy and sell prices of all the best deals that are shown on our homepage. Logically, the larger the variety of crypto offered, the most chance of becoming the winner. In the end it is still the price of the crypto that matters as it has to be comparable. Discounts in Tiers and VIP levels are not included in the calculation. As deals change several times a day, due to the volatility of prices, the provider with the best deal can therefore change as well. Due to that fluctuation we take two snapshots per day to the determine the provider for that day with the most entries on our price comparison page.

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