12/20/17 Market Review 2018-04-28T19:34:39+00:00

12/20/17 Market Review

Project Description

A collection of notes about what happened over the last three days in the crypto and ICO world. I find it useful for anyone wanting to keep its finger on the market’s pulse for our first market review.

This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

In the news

BCH gained 46.96% (as of writing — on CoinMarketCap) after Coinbase’s announcement to allow its trading.

BCH prices reached $9,500k on GDAX. After an initial “post-only” restriction on orders, demand skyrocketed and generated the $6,000 spread with other exchanges.

BCH prices started to rise before the official announcement raising insider trading concerns.

Coinbase issued a statement saying that Coinbase/GDAX employees had been forbidden to trade BCH weeks ago.

XVG gained 152.14% (as of writing — on CoinMarketCap) ranking it #29 in the top cryptos.

XVG is a blockchain-based crypto focused on privacy and security. XVG boasts 5 seconds confirmation times.

XVG has been benefiting from investors redistributing their gains from the recent BTC/ETH/LTC rise.

XVG fast transaction time makes it appealing in comparison to BTC ever expending time to completion.

XVG privacy features makes is attractive to citizen seeking protection from governments and merchants seeking anonymity from competitors.
https://vergecurrency.com/

The bigger picture for the First Market Review

It’s been only 4 months since the birth of BCH and it’s now 50% larger then BTC was at the time.

What fraction of BCH’s rally is an acknowledgement of its means of exchange DNA? What fraction is Jihan Wu and friends playing pump?

Are forks a feature or a bug? BCH recent history seems to point at feature.

Last Friday was the day when total market cap of cryptocurrencies reached $500bn. That’s 0.4% of global GDP

As ARK Invest pointed out it took decades for stock or bonds to reach 1% of total GDP. Cryptos are truly an amazing new asset class.

Happy hodling!

#BCH #XVG #Altcoins #Cryptocurrencies

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

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