Blocknet BLOCK Coin Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quick Facts

Blocknet is a medium-sized cryptocurrency. On 1 October 2020, it had a market capitalization of over US$ 7.4 million, meaning it had captured less than 0.01 percent of the market for digital currencies.¹^|2 The ticker symbol is BLOCK.

Blocknet was introduced by the user synechist via bitcointalk.org on 20 October 2014. coinmarketcap.com subsequently began the logging of real-time trading data in December 2014.

http://blocknet.co

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, Blocknet had an average trading volume of over US$ 28 k per day for the first trimester of 2019. This figure came to over US$ 662 k during the same period in the previous year. The trading volume dropped by 95.7 percent accordingly.

For the first trimester of 2019, the average market capitalization equated to over US$ 12.2 m. This figure came to nearly US$ 165 m during the same time frame the year before. Market capitalization dropped down accordingly by 92.6 percent.

Trading Price

The average trading price in the first trimester of 2019 was just above US$ 2.29. In the same period of 2018, this figure came to over US$ 35.9. The price dropped accordingly by 93.6 percent.

The all-time high of Blocknet in 2018

Blocknet BLOCK Price analysis generated by coindashboards.com — Price analysis for the most important moments in Blocknet’s trading history (BLOCK)

The Blocknet currency climbed to a high in January 2018 at over US$ 57.2. At this trading price, the coin reached a market capitalization of nearly US$ 284 million. This put Blocknet in the ballpark of certain other digital currencies, such as ZClassic, Nebulas, Time New Bank, Enjin Coin and Raiden Network Token, among others.

Blocknets all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 294 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 890 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.

Blocknet (BLOCK): 0.284 bn US dollars
Bitcoin (BTC): 294 bn US dollars
Apple (AAPL): 890 bn US dollars
VW (VWAGY): 108 bn US dollars
Date: 6 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Blocknet stood at US$ 3.14 with a market capitalization of nearly US$ 17.1 million. Compared with the peak trading price described above, this represents a decline down to approximately 5.5 percent.

Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.

More Details

The Blocknet-Coin is not created through mining. It has no maximum number of coins, unlike Litecoin, for example. Those interested in the source code should also take a look at the GitHub page.

This block explorer can be used to track the current block height and other recent statistics around all Blocknet transactions.

To delve deeper into the world of Blocknet, download the white paper or find more links to community forums, source code and social media accounts, visit http://blocknet.co.

Markets

Blocknet BLOCK Market analysis generated by coindashboards.com — Markets on which Blocknet (BLOCK) can be traded

BTC

There are a number of platforms where you can buy or sell Blocknet, including VCC Exchange, Bittrex and Finexbox, among others.

Social Links

You can contact the Blocknet team directly by going to the following social media channels:

^{1. This figure changes to 0.0050 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}