Back

May 28, 2023

EMURGO Africa 2023 Q1 Report: Coin Market and Tokenized Projects

EMURGO Africa 2023 Q1 Report: Coin Market and Tokenized Projects

EMURGO Africa 2023 Q1 Report is finally out!

Download the full report from here ๐Ÿ‘‡๐Ÿ˜Œ

EA 2023 Q1 Report Coin Market and Tokenized Projects

Table of Contents of Report:

  • Chapter 1: Executive Summary
  • Chapter 2: Token Projects on Coin Market
    - Basics of Coin Market Data
    - Token Type and Market Cap
    - Price Change over Time
    - Token Ranking over Time
    - Token Classifications
  • Chapter 3: Tokenized Projects in Africa
    - Tokenized Projects in Africa
    - Price Change over Time
    - Tokenomics
  • Chapter 4: EMURGO Africa Updates
    - About EMURGO Africa
    - EMURGO Africa Portfolio
    - Our New Investment
    - EMURGO Africa Reports
    - EMURGO Africa News

โ˜๐Ÿฝ

Here is the summary of the report.

In chapter 2, Token Projects on Coin Market, I analyzed the top 100 tokenized projects by coin market capitalization (as of April 8, 2023).

Among top 100 tokens, nearly half of the projects represent layer 1 blockchains, followed by stablecoins, DEX protocols, layer 2 blockchains, and CEX protocols.

Regarding the relative current or highest price to start price and the speed of price rise, Bitcoin ($BTC), Shiba Inu ($SHIB), and Binance Coin ($BNB) show one of the highest relative prices and the fastest price growths.

Regarding token rankings, by accounting for when it showed the highest ranking and lowest ranking, and also the number of years raking up and down, Ethereum ($ETH), Quant ($QNT), and Tether ($USDT) show the consistent growth of the token rankings.

In chapter3, Tokenized Projects in Africa, I studied 20 tokenized projects in Africa and their price change over time and tokenomics. Only Empowa ($EMP) has grown its token price so far. However, we need more time to know the robustness because its launch was only around a year ago.

Chapter 4, EMURGO Africa Updates, updates you with our new investments, reports, and recent activities such as launch of NODO and NODO related products.

๐ŸŽฏ The report is all visualized, and the link to all data in a spreadsheet is available in the report.

For more detailed information, you can download the full report from here ๐Ÿ‘‡๐Ÿ˜Œ We hope you enjoy the report! Thank you.

EA 2023 Q1 Report Coin Market and Tokenized Projects

Follow EMURGO Africa for more information

EMURGO Africa invests and supports local Web3 projects in the region to adopt Cardanoโ€™s decentralized blockchain technology to build socially impactful solutions.

As a regional entity of EMURGO, the official commercial arm of Cardano, EMURGO Africa also runs a local Cardano accelerator in Africa, Adaverse, which accepts applications year-round.

For more up-to-date information on EMURGO Africa, follow the official channels listed below.

About EMURGO Africa

Related Articles

Access to Finance: Digital and Web3 Lending in Africa
Access to Finance: Digital and Web3 Lending in Africa

April 17, 2024

Africa, Blockchain

Access to Finance: Digital and Web3 Lending in Africa

Thank you for visiting our blog post ๐Ÿฆ™๐ŸŒŸ In sub-Saharan African (SSA) countries, the freedom of money transaction has increased over the past decade with the spread of mobile phones and the expansion of mobile money. However, challenges persist in the financial sector, such as limited access to bank accounts including mobile money accounts, and high barriers to lending for small and medium-sized enterprises (SMEs). Blockchain-based lending lowers interest rates, introduces new collateralizatio

Blockchain-Powered Carbon Offset Trade
Blockchain-Powered Carbon Offset Trade

April 10, 2024

Blockchain

Blockchain-Powered Carbon Offset Trade

Thank you for visiting our blog post ๐Ÿฆฉ๐ŸŒŸ In this post, we explore the critical challenges faced by the voluntary carbon market (VCM) in demonstrating and verifying the impact of carbon offsetting measures. Blockchain emerges as a solution to address credibility issues, fragmentation, and low liquidity in carbon markets. We introduce several existing blockchain-powered carbon trade platforms. Blog posts related to this post: EMURGO Africa 2023 Annual Report: EMURGO Africaโ€™s 2023 Key Contribut

South Africaโ€™s Crypto Regulations Set Stage for More Web3 Adoption
South Africaโ€™s Crypto Regulations Set Stage for More Web3 Adoption

April 3, 2024

Africa, Blockchain

South Africaโ€™s Crypto Regulations Set Stage for More Web3 Adoption

South Africa's proactive regulation of cryptocurrency, leading to its classification as a financial product by the Financial Sector Conduct Authority in October 2022, marks a significant milestone in Africa's crypto landscape, driving Web3 adoption, boosting investor confidence, and positioning the country as a top destination for crypto use in retail.