Bitvo.com
Bitcoin (BTC)
C$10,545 (US$7,829)
May 13, 2:15 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):
~$2.16
Website:
https://bitcoin.org
May 13, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
Flexa, the Winklevoss twins’ newest start-up, launched an app named
Spedn that facilitates mainstream adoption of cryptocurrency by allowing
major retailers such as Whole Foods and Crate & Barrel to accept digital
currencies at physical store locations.
â– BTC News:
•
Venture capitalist and crypto enthusiast Tim Draper stated he believes that
BTC could make up 5% of the world’s total asset value in the future. If this
came to fruition, the corresponding demand would result in BTC trading at
approximately US$250,000 per BTC.
•
Microsoft is launching the first decentralized infrastructure implementation by a
major tech company that is built directly on the bitcoin blockchain. The open
source project, called Ion, deals with the underlying mechanics of how
networks talk to each other.
•
Bakkt announced that its much anticipated BTC futures contract is near ready
for launch. The Intercontinental Exchange (ICE)-backed company stated it will
be launching its physically-backed futures contract in June.
•
BTC mining company Honeyminer has released an app that mines BTC on
customers’ mobile phones. The application runs in the background when the
phone’s CPU is idle.
•
BTC’s average fee per transaction jumped to over USD$2.00 recently as the
increase in price is increasing the number of transactions on the blockchain.
Most other cryptocurrencies have not seen the same increase in fees as BTC
has over the last month.
â– Trading History YTD:
•
After a slow grind sideways for the first three months of 2019, the price of BTC
shot up at the beginning of April and more positive than negative momentum
has been experienced since with the price now approaching US$8,000.
â– Current Environment:
•
The price of BTC rose steadily throughout the week last week before wavering
over the weekend. However, positive momentum returned today with positive
news overnight such as the above noted announcements from Bakkt and
Microsoft.
•
Volumes were higher week-over-week, averaging 3.2 million coins per day.
The previous week’s volumes averaged 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:
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$270 (US$200)
May 13, 2:15 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0973
Current Mining Fee (USD):
LOG IN TO VIEW
May 13, 2019
â– ETH News:
•
GE Aviation and Microsoft have teamed up to use the Ethereum blockchain to
track the full life cycle of aviation parts. The goal is that this data will better
inform companies with respect to how certain parts perform in different
airplanes and allow for more tactical scheduling of maintenance.
•
Despite announcements from the Ethereum Foundation last week to the
contrary, CEO of crypto advisory firm Messari stated he doesn’t believe that
the ETH 2.0 proof of stack transition will happen until sometime in 2021.
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 since
the end of February.
â– Current Environment:
•
Positive momentum in ETH continued last week with the price grinding higher
throughout the week and then spiking over the weekend.
•
However, given an even greater increase in the price of BTC, the price of ETH
in BTC terms continued to decline.
•
Volumes for the week averaged 47.9 million coins per day, this is up from the
previous week’s volume of 38.8 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.
â– Current Environment:
•
The price of XRP experienced more positive than negative price
momentum last week, ending the week up from where it began.
•
However, given an even greater increase in the price of BTC, the price
of XRP in BTC terms declined steadily throughout the week.
•
Volumes for the week were higher, averaging 4.27 billion coins per day
compared to the previous week’s volumes of 3.34 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$0.44 (US$0.33)
May 13, 2:15 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0002
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
•
Boerse Stuttgart, Germany’s second largest stock exchange, commenced
trading of Exchange-Traded-Notes (ETNs) for XRP and LTC. ETNs are a
derivate product that allow investors to participate in the movement of an
asset without holding the underlying product.
â– Trading History YTD:
•
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.
May 13, 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$527 (US$390)
May 13, 2:15 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0054
Current Mining Fee (USD):
LOG IN TO VIEW
May 13, 2019
â– BCH News:
•
No significant BCH related news last week.
â– Trading History YTD:
•
Somewhat similar to the trend in the price of BTC, the price of
BCH ground sideways for the first quarter of 2019 before
experiencing a price spike in early April.
•
BCH has experienced a similar price spike at the beginning of May
as it approaches US$400.
â– Current Environment:
•
The price of BCH continued to gain momentum last week, particularly
in the second half of the week.
•
However, with BTC also experiencing similar momentum, the price of
BCH ended the week down slightly in BTC terms.
•
Volumes were higher week-over-week, averaging 7.2 million coins
per day compared to the previous week’s volumes of 6.7 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:
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$121 (US$90)
May 13, 2:15 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.059
Current Mining Fee (USD):
LOG IN TO VIEW
May 13, 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 sideways in USD terms and negatively in BTC terms over
the past month and a half.
â– Current Environment:
•
Similar to other major cryptocurrencies, the price of LTC increased
last week, particularly in the latter half of the week in USD terms.
However, due to the relatively outsized increase in the price of
BTC, the price of LTC declined steadily in BTC terms throughout
the week.
•
Volumes were higher week-over-week, averaging 44.9 million
coins per day compared to the previous week’s volumes 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.
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$179 (US$133)
May 13, 2:15 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0119
Current Mining Fee (USD):
LOG IN TO VIEW
May 13, 2019
â– DASH News:
•
Formerly known as Dash Ventures, Dash Investment Foundation is
launching to allow the Dash network to take equity stakes in the proposals
it funds. It is believed to be the world’s first ownerless and memberless
investment fund and will consist of six supervisors elected by the
masternode network to ensure that the directors are carrying out the best
wishes of the network.
•
NuMundo, a hospitality and experience network focusing on
transformational travel has integrated Dash, which can be used at 800
different centers in over 100 countries. NuMundo cited mutual goals as a
reason for integration, including a focus on adoption in Latin America.
Cryptocurrencies currently make up around 3% of bookings and
transactions on the platform.
â– Trading History YTD:
•
After a generally negative start to the year, the price of Dash has
experienced more positive than negative price momentum from February
2019 onwards.
â– Current Environment:
•
The price of Dash declined for the first half of the week last week, before
regaining positive momentum and increasing over the weekend in USD
terms.
•
However, given the significant move in the price of BTC, the price of Dash
declined in BTC terms.
•
Like most other major cryptocurrencies, volumes for the week were higher
compared to the previous week’s average, averaging 3.2 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
Technical Trading Score*:
Date Of Inception:
2016
Primary Use:
110 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$8.30 (US$6.16)
May 13, 2:15 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0019
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.
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NO MAX
SMART CONTRACTS
May 13, 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:
•
Similar to other major cryptocurrencies, the price of ETC increased
last week, particularly in the latter half of the week in USD terms.
•
However, due to the more pronounced increase in the price of
BTC, the price of ETC declined steadily in BTC terms throughout
the week.
•
Volumes were higher week-over-week, averaging 92.8 million coins
per day compared to the previous week’s volumes of 78.9 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 13, 2019
