Forwarded from Official VIP Group
Forwarded from Official VIP Group
#XRP
XRP broken both trendlines and pumped to 2000 resistance. If will be rejected, should pullback to 1950-1960. That will be a good support to buy more.
@CryptoWorldTina
XRP broken both trendlines and pumped to 2000 resistance. If will be rejected, should pullback to 1950-1960. That will be a good support to buy more.
@CryptoWorldTina
Forwarded from Official VIP Group
The Number of Stocks Reaching All-Time Highs is Growing; Why Bitcoin Won’t Follow
Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum.
The stock market has been seeing an intense recovery, and its momentum appears to be picking up once again as many states and cities that were previously on lockdown begin opening up.
One indicator of the market’s newfound momentum can be seen while looking towards the number of publicly traded companies that are seeing their stock prices hit fresh all-time highs.
On Friday, 59 common stocks on the NYSE were able to set fresh highs. This is still a far cry from the numbers seen before March, but it does show that the traditional markets are making a comeback.
However, despite the recent correlation between Bitcoin and the traditional markets, it remains unlikely that this will be enough to propel the cryptocurrency to fresh highs.
@CryptoWorldTina
Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum.
The stock market has been seeing an intense recovery, and its momentum appears to be picking up once again as many states and cities that were previously on lockdown begin opening up.
One indicator of the market’s newfound momentum can be seen while looking towards the number of publicly traded companies that are seeing their stock prices hit fresh all-time highs.
On Friday, 59 common stocks on the NYSE were able to set fresh highs. This is still a far cry from the numbers seen before March, but it does show that the traditional markets are making a comeback.
However, despite the recent correlation between Bitcoin and the traditional markets, it remains unlikely that this will be enough to propel the cryptocurrency to fresh highs.
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 936%
🔹 Price: 0.00001031
🚨 Trend: DOWNTREND
🍀 Symbol: CHZ/BTC
🧨 Hourly Volume Increase: 8278%
🔹 Price: 0.00000128
🚀 Trend: UPTREND
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 936%
🔹 Price: 0.00001031
🚨 Trend: DOWNTREND
🍀 Symbol: CHZ/BTC
🧨 Hourly Volume Increase: 8278%
🔹 Price: 0.00000128
🚀 Trend: UPTREND
Forwarded from Official VIP Group
Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details.
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details.
Forwarded from Official VIP Group
In June crypto derivatives volumes dropped by 35.7% while spot volumes decreased by 49.3%. According to CryptoCompare’s recently released report Crypto derivatives volumes in June dropped to $393B USD (-35.7%) – the lowest monthly volumes in 2020. Meanwhile, total spot volumes have decreased to $642.6B USD (-49.3%). As a result, derivatives have gained market share and represented 37% of the market in June (vs 32% in May).
@CryptoWorldTina
@CryptoWorldTina
Forwarded from Official VIP Group
#BTC #Bitcoin
No worries. Everything is alright. Just a small problem with electricity, that is fixed now. All subscriptions are extended for that day.
So what do we have now. SP500 and DOW are retracing. BTC also show intentions to fall down to 9100-9138. If it happen and we will see some good volume on that dip with long wick coming back up (as bulls win the battle), that will be a sign for good potential bounce to 9600 zone. That stage before impulse move may take 1-2 days.
Bearish scenario is that dump pass that support zone and drop lower to ~8900-9000. And there who knows... But I'm relatively bullish. Closed my long at 9305 and will open again at ~9138 support zone.
@CryptoWorldTina
No worries. Everything is alright. Just a small problem with electricity, that is fixed now. All subscriptions are extended for that day.
So what do we have now. SP500 and DOW are retracing. BTC also show intentions to fall down to 9100-9138. If it happen and we will see some good volume on that dip with long wick coming back up (as bulls win the battle), that will be a sign for good potential bounce to 9600 zone. That stage before impulse move may take 1-2 days.
Bearish scenario is that dump pass that support zone and drop lower to ~8900-9000. And there who knows... But I'm relatively bullish. Closed my long at 9305 and will open again at ~9138 support zone.
@CryptoWorldTina
Forwarded from Official VIP Group
Ethereum Closed Second Quarter With +68.9% Price Gain 📈
Q2 of 2020, marked for #ETH with the boom of DeFi projects built on Ethereum blockchain, ended with + 68.9% return.
More importantly, that for 6 months, Etherhas outperformed Bitcoin in terms of YTD performance: 84% vs 29%.
As we mentioned before, Q2 is historically the best three months for Ether: since 2016 no one Q2 has delivered a negative return.
However, from the same historical perspective, the third quarter of 2020 could be more challenging.
You can see a new report on CryptoRank - Ethereum Quarterly Returns
@CryptoWorldTina
Q2 of 2020, marked for #ETH with the boom of DeFi projects built on Ethereum blockchain, ended with + 68.9% return.
More importantly, that for 6 months, Etherhas outperformed Bitcoin in terms of YTD performance: 84% vs 29%.
As we mentioned before, Q2 is historically the best three months for Ether: since 2016 no one Q2 has delivered a negative return.
However, from the same historical perspective, the third quarter of 2020 could be more challenging.
You can see a new report on CryptoRank - Ethereum Quarterly Returns
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: LUN/BTC
🧨 Hourly Volume Increase: 922%
🔹 Price: 0.0001328
🚨 Trend: DOWNTREND
🍀 Symbol: LUN/BTC
🧨 Hourly Volume Increase: 922%
🔹 Price: 0.0001328
🚨 Trend: DOWNTREND
Forwarded from Official VIP Group
#ADA 1W UPDATE 📈
It seems that the NEW ROUND of growth has almost started on Cardano. The last thing on its way is the 1200 sats resistance level. If we see its breakout, we should expect a continuation of a growth to 1350 and 1850 sats resistances.
@CryptoWorldTina
It seems that the NEW ROUND of growth has almost started on Cardano. The last thing on its way is the 1200 sats resistance level. If we see its breakout, we should expect a continuation of a growth to 1350 and 1850 sats resistances.
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: QTUM/BTC
🧨 Hourly Volume Increase: 1406%
🔹 Price: 0.0002106
🚀 Trend: UPTREND
🍀 Symbol: QTUM/BTC
🧨 Hourly Volume Increase: 1406%
🔹 Price: 0.0002106
🚀 Trend: UPTREND
Forwarded from Official VIP Group
DNT/BTC has been in a sideways range accumulation for almost a year
We have a well-defined support at 60 sats slightly below major MAs
Now DNT is trying to consolidate above all that support cluster. Once EMA200 regained, next step is to challenge the prior swing high of 85 sats and then towards next resistance levels
Breaking below the support cluster will invalidate the bullish case for some time
@CryptoWorldTina
We have a well-defined support at 60 sats slightly below major MAs
Now DNT is trying to consolidate above all that support cluster. Once EMA200 regained, next step is to challenge the prior swing high of 85 sats and then towards next resistance levels
Breaking below the support cluster will invalidate the bullish case for some time
@CryptoWorldTina
Forwarded from Official VIP Group
8 Ethereum Miners Wield ‘Overwhelming Influence’ Over the Network
The Ethereum (ETH) network is dominated by just over 50 powerful mining pools – with an inner cabal of eight maintaining the lion’s share of the blockchain, according to the findings of a new report.
The ConsenSys-produced “The Ethereum Proof of Work” report concluded that as recently as Q2 of FY2020, just two mining pools had a majority of “just over 51%” of the network’s hashrate – only the second time in history this has occurred on the network.
The two pools in question are Ethermine and Spark Pool.
Last time this occurred was back in Q2 of 2017, when Ethermine and F2Pool accounted for nearly 60% of the network’s total hashrate for the quarter.
However, although the report’s authors believe that the Q2 dominance coincided with “skyrocketing” ethereum (ETH) prices “perhaps suggesting that mining rigs were rushing to contribute,” they seem less certain of what lies behind the latest Ethermine and Spark Pool “centralization” trend.
Instead, the authors noted that the movement “has been the result of a gradual upward trend since Q1 2018,” and is a “gradual increase” that should be “a greater warning signal to the Ethereum community.”
They wrote,
“Gradual power concentration over the last two years (compared to sudden power concentration in Q2 2017) also means that a +51% dominance might be harder to mediate.”
The authors wrote that they identified “notable mining ‘whale’ outliers such as Ethermine, Spark Pool, F2Pool and Nanopool,” but added that “for the last two years, at most 56 mining pools have been responsible for over 90% of the block production and block rewards, and over 80% of the hashrate on Ethereum.”
And they went on to add:
“Since the launch of the network in 2015, through significant on- and off-chain events, we have seen power and influence concentrate in the hands not just of mining pools, but of a very select few mining pools. It can assuredly be said that the majority of activity on the Ethereum blockchain is maintained by at most 56 miners, and is overwhelmingly influenced by fewer than eight.”
However, as Ethereum aims to move from the Proof of Work consensus mechanism to the Proof of Stake (PoS), this might change.
"With reduced barriers to entry and the elimination of concerns about minimizing electricity costs, PoS networks are significantly more decentralized at the node level than PoW networks," ConenSys argued.
The Ethereum network is the closest challenger to the superpower Bitcoin (BTC) network, whose own mining pool stats also make interesting reading.
Although over 36% of miners are unknown in origin, F2Pool is the largest single, identifiable mining pool, with almost 9% of the hasrate, marginally ahead of AntPool’s almost 8%.
From there, it is a significant drop down to two pools on just over 5%: SlushPool and BTC Guild, with nobody else mustering more than just over 3.5%.
The Ethereum (ETH) network is dominated by just over 50 powerful mining pools – with an inner cabal of eight maintaining the lion’s share of the blockchain, according to the findings of a new report.
The ConsenSys-produced “The Ethereum Proof of Work” report concluded that as recently as Q2 of FY2020, just two mining pools had a majority of “just over 51%” of the network’s hashrate – only the second time in history this has occurred on the network.
The two pools in question are Ethermine and Spark Pool.
Last time this occurred was back in Q2 of 2017, when Ethermine and F2Pool accounted for nearly 60% of the network’s total hashrate for the quarter.
However, although the report’s authors believe that the Q2 dominance coincided with “skyrocketing” ethereum (ETH) prices “perhaps suggesting that mining rigs were rushing to contribute,” they seem less certain of what lies behind the latest Ethermine and Spark Pool “centralization” trend.
Instead, the authors noted that the movement “has been the result of a gradual upward trend since Q1 2018,” and is a “gradual increase” that should be “a greater warning signal to the Ethereum community.”
They wrote,
“Gradual power concentration over the last two years (compared to sudden power concentration in Q2 2017) also means that a +51% dominance might be harder to mediate.”
The authors wrote that they identified “notable mining ‘whale’ outliers such as Ethermine, Spark Pool, F2Pool and Nanopool,” but added that “for the last two years, at most 56 mining pools have been responsible for over 90% of the block production and block rewards, and over 80% of the hashrate on Ethereum.”
And they went on to add:
“Since the launch of the network in 2015, through significant on- and off-chain events, we have seen power and influence concentrate in the hands not just of mining pools, but of a very select few mining pools. It can assuredly be said that the majority of activity on the Ethereum blockchain is maintained by at most 56 miners, and is overwhelmingly influenced by fewer than eight.”
However, as Ethereum aims to move from the Proof of Work consensus mechanism to the Proof of Stake (PoS), this might change.
"With reduced barriers to entry and the elimination of concerns about minimizing electricity costs, PoS networks are significantly more decentralized at the node level than PoW networks," ConenSys argued.
The Ethereum network is the closest challenger to the superpower Bitcoin (BTC) network, whose own mining pool stats also make interesting reading.
Although over 36% of miners are unknown in origin, F2Pool is the largest single, identifiable mining pool, with almost 9% of the hasrate, marginally ahead of AntPool’s almost 8%.
From there, it is a significant drop down to two pools on just over 5%: SlushPool and BTC Guild, with nobody else mustering more than just over 3.5%.
Forwarded from Official VIP Group
Major Bitcoin Exchange Coinbase Prepares For Stock Market Listing - Report
US-based major crypto exchange Coinbase could list its shares on a stock exchange this year or early next year, Reuters reported, citing "three people familiar with the matter."
The company has already been in talks to hire investment banks and law firms, the report said, adding that Coinbase is exploring going public via a direct listing. In this case, a company does not sell new shares as it does in an Initial Public Offering (IPO). Also, existing investors are not bound by lock-up restrictions on when they can divest their holdings following the market debut.
The listing would need the US Securities and Exchange Commission's blessing, Reuters said, adding that "it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement."
According to Reuters, Coinbase and the SEC declined to comment.
As reported in May, Coinbase, together with another US-based crypto exchange, Gemini, became the first crypto clients of the major investment bank JPMorgan Chase. Back then, Kelvin Koh, Co-founder and Partner at Spartan Capital, opined that the bank made this move "to position its IB investment banking for Coinbase’s and Gemini’s IPO in the not too distant future."
In 2018, Coinbase was valued at USD 8bn following a mega funding round.
Now the company claims it has more than 35 million users worldwide.
Meanwhile, Changpeng Zhao, CEO of another major crypto exchange, Binance, congratulated Coinbase as it's "pushing/paving the way for other crypto businesses."
US-based major crypto exchange Coinbase could list its shares on a stock exchange this year or early next year, Reuters reported, citing "three people familiar with the matter."
The company has already been in talks to hire investment banks and law firms, the report said, adding that Coinbase is exploring going public via a direct listing. In this case, a company does not sell new shares as it does in an Initial Public Offering (IPO). Also, existing investors are not bound by lock-up restrictions on when they can divest their holdings following the market debut.
The listing would need the US Securities and Exchange Commission's blessing, Reuters said, adding that "it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement."
According to Reuters, Coinbase and the SEC declined to comment.
As reported in May, Coinbase, together with another US-based crypto exchange, Gemini, became the first crypto clients of the major investment bank JPMorgan Chase. Back then, Kelvin Koh, Co-founder and Partner at Spartan Capital, opined that the bank made this move "to position its IB investment banking for Coinbase’s and Gemini’s IPO in the not too distant future."
In 2018, Coinbase was valued at USD 8bn following a mega funding round.
Now the company claims it has more than 35 million users worldwide.
Meanwhile, Changpeng Zhao, CEO of another major crypto exchange, Binance, congratulated Coinbase as it's "pushing/paving the way for other crypto businesses."
Forwarded from Official VIP Group
#COTI
This coin is doing great since our call was published. The top profit is 13%, the first target was hit. We closed 1/5 of the position and moved the stop loss into break even zone.
@CryptoWorldTina
This coin is doing great since our call was published. The top profit is 13%, the first target was hit. We closed 1/5 of the position and moved the stop loss into break even zone.
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: LINK/BTC
🧨 Hourly Volume Increase: 535%
🔹 Price: 0.0006914
🚀 Trend: UPTREND
🍀 Symbol: WAVES/BTC
🧨 Hourly Volume Increase: 941%
🔹 Price: 0.0001303
🚀 Trend: UPTREND
🍀 Symbol: DATA/BTC
🧨 Hourly Volume Increase: 1502%
🔹 Price: 0.00000567
🚀 Trend: UPTREND
🍀 Symbol: LINK/BTC
🧨 Hourly Volume Increase: 535%
🔹 Price: 0.0006914
🚀 Trend: UPTREND
🍀 Symbol: WAVES/BTC
🧨 Hourly Volume Increase: 941%
🔹 Price: 0.0001303
🚀 Trend: UPTREND
🍀 Symbol: DATA/BTC
🧨 Hourly Volume Increase: 1502%
🔹 Price: 0.00000567
🚀 Trend: UPTREND
Forwarded from Official VIP Group
#LSK
Day chart look nice. Bounced from trendline and support - could be breaking out soon.
@CryptoWorldTina
Day chart look nice. Bounced from trendline and support - could be breaking out soon.
@CryptoWorldTina
