Bitvo.com
Bitcoin (BTC)
C$7,796 (US$5,766)
May 06, 12:10 pm
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Technical Trading Score*:
Date Of Inception:
2009
Primary Use:
CURRENCY
18mm
Coin Profile
Bitcoin is a decentralized coin enabling
revolutionary means to exchange value across the
globe. It continues to be the biggest and most
influential coin, encouraging peer-to-peer payment
networks powered by its users with no central or
middle authority.
Page 1 of 8
Coins Outstanding:
Maximum Coins:
21 mm
POW or POS:
WORK
Current Mining Fee (USD):
~$1.09
Website:
https://bitcoin.org
May 06, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
•
•
According to a report by the Wall Street Journal, Facebook is seeking
investments worth US$1 billion for its rumored cryptocurrency stable coin.
According to the report, Facebook is currently talking with payment
networks Visa and MasterCard about potential support for the plan.
The central banks of Canada and Singapore completed a successful
blockchain transaction with each sending the other party a digital currency.
Fidelity Investments and Greenwich Associates surveyed 441 institutional
investors asking if cryptocurrencies were an appropriate asset to be
included in an investment portfolio. 50% of the respondents said yes and
22% said they already had some exposure.
• The Chief Financial Officer of Dell Boomi, a subsidiary of Dell, stated at an
event in Las Vegas that he believes enterprise business will have to
“integrate blockchain in the next 12-24 months” and that he doesn’t think
there will be a company in the fortune 100 that is not using blockchain
technology.
â– BTC News:
• Bitcoin transaction volumes in April were the highest for any month on a US
dollar basis since June of 2018.
• Refundo, a US tax service provider, announced that its United States-based
customers can now receive tax refunds in bitcoin. Refundo haspartnered with
Bitpay to facilitate the payment in bitcoin.
â– Trading History YTD:
• After declining for the first month of the year, the price of BTC has rebounded
and experienced a general upward trajectory throughout 2019.
â– Current Environment:
• The price of BTC continued to gain traction last week, jumping to US$5,700
mid-week last week and then remaining relatively stable for the rest of the
week.
• Volumes
were slightly lower week-over-week, averaging 2.7 million coins per
day. The previous week‘s volumes averaged 2.8 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
106mm
Coin Profile
Ethereum is a decentralized platform that runs
smart contracts: applications that run exactly as
programmed without any possibility of downtime,
censorship, fraud or third-party interference. These
apps run on a custom built blockchain. Ether is the
cryptocurrency generated by and used on the
Ethereum platform.
Maximum Coins:
NO MAX
POW or POS:
WORK
Website:
https://www.ethereum.org/
Ether (ETH)
C$236 (US$175)
May 06, 12:10 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.073
Current Mining Fee (USD):
LOG IN TO VIEW
May 06, 2019
â– ETH News:
•
•
Ethereum Foundation researcher Justin Drake stated on a bi-weekly call that
the first phase of ETH’s move to a proof-of-stake network is still ontrackfor
end of June 2019.
Domino’s Pizza has partnered with SingularityNet to help Domino’s expand
in Malaysia and Singapore. Singularity offers an AI service that is run on their
own ERC20 token called AGI. The Ethereum based token will help Domino’s
increase supply chain efficiencies.
â– Trading History YTD:
• After a positive start to the year, the price of ETH declined for most of January
before being able to hold on to positive momentum for most of February,
March and April.
• However, with the recent positive performance of BTC, ETH has
underperformed BTC, with the price of ETH in BTC terms trending down over
the course of the past month.
â– Current Environment:
• The price of ETH increased throughout the first half of the week last week and
then trended negatively in the second half. However, positive movements
outweighed negative and overall the price of ETH was up on the week.
• Volumes for the week averaged 38.8 million coins per day, down from the
previous week‘s volume of 40.7 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
• XRP has underperformed other major cryptocurrencies so far in 2019, with
its price trending down or flat for most of the year to date.
• While the price of XRP has been more volatile in USD terms, it has
declined steadily in terms of BTC since the beginning of 2019.
â– Current Environment:
• After a sharp spike early and mid-week last week, the price of XRP
stabilized and traded downwards for the rest of the week. However, the
price of XRP was up on a USD basis for the week.
• Volumes for the week were lower, averaging 3.34 billion coins per day
compared to the previous week‘s volumes of 3.60 billion coins per day.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2012
Primary Use:
CURRENCY
99.99 Billion
Coin Profile
XRP is the decentralized native currency employed by
Ripple. Ripple is a settlement system, currency
exchange and remittance network created by Ripple
Labs Inc. It is built upon a distributed open source
internet protocol, and supports tokens
representing fiat currency or cryptocurrency.
The company purports to enable “secure,
instantly and nearly free global financial
transactions of any size with no chargebacks.”
Coins Outstanding:
Maximum Coins:
POW or POS:
CORRECTNESS
Website:
https://ripple.com/
XRP
C$0.41 (US$0.30)
May 06, 12:10 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0005
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
• Ria Money Transfer announced they have joined RippleNet, adopting XRP
as a way of delivering faster payments to their customers and partners.
• A representative of Ripple announced that at least 10 financial institutions
are now using XRP to facilitate cross border payments.
â– Trading History YTD:
May 06, 2019
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2017
Primary Use:
CURRENCY
18mm
Coin Profile
Bitcoin Cash is peer-to-peer electronic cash for
the Internet. It is fully decentralized, with no central
bank and requires no trusted third parties to operate.
Bitcoin Cash is the continuation of the Bitcoin project
as peer-to-peer digital cash. It is a fork of the Bitcoin
blockchain ledger, with upgraded consensus rules
that allow it to grow and scale.
Coins Outstanding:
Maximum Coins:
21 mm
POW or POS:
WORK
Website:
https://www.bitcoincash.org/
Bitcoin Cash (BCH)
C$396 (US$293)
May 06, 12:10 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0029
Current Mining Fee (USD):
LOG IN TO VIEW
May 06, 2019
â– BCH News:
• First reported by @IamNomad on Twitter, it appears that a single
BCH wallet may be responsible for 50% of all BCH transactions
over the past month. Theories as to the rationale for this include
that someone is trying to artificially inflate the amount of BCH
transactions on the blockchain or that these transactions are a test
for an app or game that will be using BCH to support in-app or in-
game purchases.
â– Trading History YTD:
•
•
After drifting sideways to negative for the first two months of 2019, the
price of BCH stabilized and then traded positively in March and the
first half of April.
However, BCH has lost some ground in April, trading negatively
following hitting a recent high of US$320.69 on April 3
rd
, 2019.
â– Current Environment:
• Positive momentum in BCH resumed last week, as the price of BCH
trended positive for most of the week.
• This positive price momentum occurred when the broader
cryptocurrency markets were trending negatively, resulting in BCH
gaining ground against other major cryptocurrencies in the first half of
the week last week.
• Volumes were higher week-over-week, averaging 6.7 million coins
per day compared to the previous week’s volumes of 4.5 million coins
per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2011
Primary Use:
CURRENCY
62mm
Coin Profile
Litecoin is a peer-to-peer cryptocurrency
and open source software project released under
the MIT/X11 license. Creation and transfer of
coins is based on an open source cryptographic
protocol and is not managed by any central authority.
The coin was inspired by, and in technical details is
nearly identical to, Bitcoin.
Coins Outstanding:
Maximum Coins:
84 mm
POW or POS:
WORK
Website:
https://litecoin.com/
Litecoin (LTC)
C$103 (US$76)
May 06, 12:10 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0445
Current Mining Fee (USD):
LOG IN TO VIEW
May 06, 2019
â– LTC News:
• No significant LTC-related news last week.
â– Trading History YTD:
• LTC started 2019 as a relative outperformer in comparison to other
major cryptocurrencies as it traded positively for most of the first
quarter of the year.
• However, since losing some steam in April, the price of LTC has
trended negatively both in USD and BTC terms for the month of
April.
â– Current Environment:
• Last week, alongside other major cryptocurrencies, LTC regained
momentum and trended positive for most of the week.
• Volumes were higher week-over-week, averaging 40.7 million coins
per day compared to the previous week’s volumes of 37.4 million
coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
CURRENCY
9 mm
Coin Profile
Dash is an open source peer to peer cryptocurrency.
On top of Bitcoin’s feature set, it currently offers instant
transactions, private transactions and operates a self-
governing and self-funding model that enables the
Dash network to pay individuals and businesses to
perform work that adds value to the network. Dash’s
decentralized governance and budgeting system
makes it a decentralized autonomous organization.
Coins Outstanding:
Maximum Coins:
22 mm
POW or POS:
STAKE
Website:
https://www.dash.org/
DASH (DASH)
C$164 (US$121)
May 06, 12:10 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0104
Current Mining Fee (USD):
LOG IN TO VIEW
May 06, 2019
â– DASH News:
• According to dashnews.org, Dash mining has reached a new all-time high
hash rate of 3.362 petahashes.
• It was also reported that there has been a reduction in the centralization of
control of Dash with no single entity controlling more than 23% of Dash’s
hash rate.
â– Trading History YTD:
• Since trading down during the first month of 2019, the price of Dash has
experienced generally positive price momentum between February and
April before starting to trend negatively again in April alongside broader
cryptocurrency markets.
â– Current Environment:
• The price reversed some of the prior weeks’ negative price pressure,
moving up for the first half of last week before stabilizing in the second half
of the week.
• Volumes for the week were similar to the previous week‘s average,
averaging 2.7 million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2016
Primary Use:
1
10
mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$7.77 (US$5.75)
May 06, 12:10 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0021
Current Mining Fee (USD):
Coin Profile
Ethereum Classic is an open-source, public,
blockchain-based distributed computing platform
featuring smart contract (scripting) functionality. It
provides a decentralized Turing-complete virtual
machine, the Ethereum Virtual Machine (EVM), which
can execute scripts using an international network of
public nodes. ETC has a value token called “ether”,
which can be transferred between participants or stored
in a cryptocurrency wallet.
LOG IN TO VIEW
NO MAX
SMART CONTRACTS
May 06, 2019
â– ETH Classic News:
• No significant ETC related news last week.
â– Trading History YTD:
• The price of ETC is still looking for direction in 2019 as it is currently
trading approximately where it began the year after both positive and
negative movements in terms of USD.
• In terms of BTC, the price of ETC is down on the year as the
currency has underperformed other major cryptocurrencies.
â– Current Environment:
• The price of ETC continued to trade sideways last week.
• Volumes were higher week-over-week, averaging 78.9 million coins
per day compared to the previous week’s volumes of 72.2
million coins per day.
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Bitvo.com
DISCLAIMER
The information contained in this report has been compiled by Bitvo Global Inc. (“Bitvo”) from sources believed to be reliable, but no
representation or warranty, express or implied, is made by Bitvo, its affiliates or any other person as to its accuracy, completeness or
correctness. All opinions and estimates contained in this report constitute Bitvo’s judgement as of the date of this report, are subject to
change without notice and are provided in good faith but without legal responsibility. Nothing in this report constitutes legal,
accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has
been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The Bull and Bear
symbols represent relatively favourable or unfavourable technical indicators, respectively, and the presence or absence of these
symbols and any language pertaining to these symbols does not represent any advice, representation or guidance from Bitvo as to
whether you should buy, sell or hold any cryptocurrency. The cryptocurrencies or services contained in this report may not be suitable
for you and it is recommended that you consult an independent advisor if you are in doubt about the suitability of such
cryptocurrencies or services. This report is not an offer to sell or a solicitation of an offer to buy any securities. Past performance is not
a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. The cryptocurrency market
is volatile and rapidly changing and, as a result, the latest published reports available to clients may not reflect recent material
changes. Bitvo reports are current only as of the date set forth on the reports. This report is not, and under no circumstances should
be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company that is not legally
permitted to carry on the business of a securities broker or dealer in that jurisdiction. To the full extent permitted by law neither Bitvo
nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use
of this report or the information contained herein. No matter contained in this document may be reproduced or copied by any means
without the prior consent of Bitvo.
Page 8 of 8
May 06, 2019
