Market Analysis Report

17 June 2019

Litecoin Prices Surge to 3-Year High As Tech Upgrade Nears

The price of Litecoin surged to a more than three-year high yesterday, reaching as much as $15.09. LTC is currently sitting at $15.03 with over 24 thousand BTC exchanged in the last 24h. The surge is connected to obtaining the miner support needed to activate the Segregated Witness technical upgrade.

Jacob Eliosoff, a cryptocurrency fund manager, spoke to this situation:

"I think this is very positive for Litecoin. It is showing that that community can come together and make progress."

See live charts here

Exscudo ICO Kicks Off!

The crowd sale of EON coins has started at 18:00 GMT on April 25. The price of 1 EON is fixed during the ICO and is equal to 0.0002 BTC. There is a one-time emission of EON coins in the amount of 240 000 000, 150 720 000 will be available for sale.Investors that buy non-reserved coins during the first 10 days of ICO are awarded 5% bonus coins.

During the second 10 days, the bonus is 2.5%. Everyone who participates in the ICO will get a zero commission for all operations on the Exscudo exchange for a daily trading-exchange volume equal to the amount invested. This lifetime privilege is assigned to the account of an investor.

Read more here Press Release

U.S. Regulators to Review Decision Denying Bitcoin ETF Filing

A more-than-three-year effort by investors Cameron and Tyler Winklevoss to convince the SEC to allow it to bring the Bitcoin ETF to market stalled when the agency's staff ruled against them in March. Now, the U.S. Securities and Exchange Commission (SEC) plans to review its decision last month to block the listing of the first U.S. exchange-traded fund (ETF) tracking the cryptocurrency Bitcoin, a regulatory filing showed on Tuesday. 

Read more here

Cryptocurrency Market Cap Reaches more than a $30 Billion, an All-Time High

The combined market value of all cryptocurrencies in circulation has pushed beyond the significant milestone of $30 billion for the first time ever, underlining the ever-expanding interest in digital currencies and blockchain technology. Valued at over $20 billion, Bitcoin covers more than two-thirds of the total cryptocurrency market cap.

Read more here

UASF Developer Revises Controversial Bitcoin Scaling Proposal

A controversial proposal for upgrading the bitcoin blockchain, the User Activated Soft Fork, saw a notable strategy shift this weekend. After the first general proposal for the UASF, Shaolinfry put forward a second proposal, BIP148, focused on putting the onus of supporting SegWit onto the 'economic majority', moving power out of the miners' hands. However, high-profile voices such as Bitcoin Core developer Gregory Maxwell and other bitcoin developers rejected the proposal on the basis it could undermine the stability of the bitcoin ecosystem. Maxwell wrote.:

"We should use the least disruptive mechanisms available and the BIP148 proposal does not meet that test,"

Read more here

 

Get your Ether Card Today!

Ether cards are 'physical ether'. They're a quick and convenient way to give Ether, tokens, or other blockchain assets to friends and family, and a great way to introduce people to the power of the Ethereum blockchain. 

Now, you can even get a CryptoCompare themed Ether card, the perfect gift for any Cryptopian. We will send cards to our top 100 active members for free but you can also order from the ether.cards website. (The CryptoCompare Ether card is a limited edition with only 250 cards available.)

Get your Ether Card here

State of the Crypto

Bitcoin is up 2% at $1,280.24 with a volume of Ƀ 46k - 60M on the USD pairs.

Litecoin is up 2.87% against the dollar for the day at $15.03 and up 1.53% to Ƀ 0.01195 on volumes of 24.4k BTC.

Ether is down 1.21% against Bitcoin at Ƀ 0.03918 per Ether and up 0.94% against the dollar to $50.11 with average volume 13.3k BTC on the ETH/BTC pair. 

Dash is down 2.80% at Ƀ 0.05631 with 5.2k BTC volume and down 1.69% against the dollar at $70.91.

Zcash is up 7.10% for the day to 0.05796 BTC per ZEC and up 9.50% against the dollar to $74.60 with an average volume of 3.4k BTC for the 24 hour period.

Monero is down 0.65% against the dollar at $19.73 and down 3.11% against Bitcoin at Ƀ 0.01528 on volumes of 3.1k BTC. 

Ether Classic is down 1.45% to Ƀ 0.003122 with volumes of 8.2k BTC and flat against the dollar at $3.97.

Waves is down 0.43% to Ƀ 0.0004364 on 260 BTC volume. 

Trending forum posts