Bitvo.com
Bitcoin (BTC)
C$5,525 (US$4,152)
April 01, 1:00 pm
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Technical Trading Score*:
Date Of Inception:
2009
Primary Use:
CURRENCY
17mm
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):
~$0.277
Website:
https://bitcoin.org
April 01, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• Scotch producer Ailsa Bay has reportedly decided to start using a
blockchain system to track the entire life cycle of the product as a way to
distinguish between Ailsa Bay’s product and counterfeits.
• Gaming company Animoca Brands has signed a global licensing
agreement with Formula 1 to create a Formula 1 game. Animoca plans to
build the game with a blockchain and have non-fungible tokens for
collectible components.
• As virtual items such as flair and collectables are becoming more and
more popular in gaming, the industry is seeing value in being able to prove
that an item has not been forged.
â– BTC News:
• Bitcoin has regained a large part of the its hash rate that bottomed out
around the end of 2018. The market tends to use hash rate as a proxy for
the demand of bitcoin.
• Innisfil, Ontario, Canada has started a trial that will allow residents to pay
property tax in bitcoin.
• Switzerland-based publishing house Netzmedien AG announced that it will
commence paying all wages in bitcoin. The decision to switch to bitcoin
from the Swiss Franc was voted on by employees and bitcoin was selected
as their currency of choice. The decision followed the company’s earlier
plans to convert half of its assets to cryptocurrencies.
â– Trading History YTD:
• After declining for the first month of 2019, the price of BTC has
experienced a fairly steady upward trajectory, now trading almost 20%
higher than where it began the year.
â– Current Environment:
• Positive price momentum continued in BTC last week, rising steadily
throughout the week.
• Volumes were steady week-over-week, averaging 2.5 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:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
105mm
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$188 (US$141)
April 01, 1:00 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.086
Current Mining Fee (USD):
LOG IN TO VIEW
April 01, 2019
â– ETH News:
• High end designer Louis Vuitton has plans to use the Ethereum network to
build a blockchain for the purposes of verifying the authenticity of their
goods.
• Ether’s market capitalization continues to advance over XRP with the gap
reaching almost US$2 billion, when XRP began the year ahead of Ether.
Ether is the second most valuable cryptocurrency with a market
capitalization of US$14.9 billion, behind bitcoin at US$73.1 billion and
ahead of XRP at US$13.0 billion.
â– Trading History YTD:
• After a positive start to the year, ETH declined for most of January before
gaining positive momentum in February and March. Accounting for both
movements up and down, the price of ETH is now trading above where it
started the year.
â– Current Environment:
• Positive momentum continued in the price of ETH last week. However, in
comparison to BTC, ETH’s gains were not as great, resulting in the price of
ETH in BTC terms being approximately flat on the week.
• Volumes for the week averaged 33.6 million coins per day, this is up from
the previous week‘s volume.
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:
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$0.42 (US$0.31)
April 01, 1:00 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0003
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
• San Francisco-based gaming company Forte has announced it is in talks
with over 40 developers with respect to using XRP in its video games.
• Forte was created in partnership with Ripple with the goal of deploying US
$100 million in investment to video game companies that leverage
blockchain and use XRP as a settlement method.
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.
â– Current Environment:
• XRP participated in last week’s positive price momentum, which was felt
across most major cryptocurrencies. However, XRP’s positive price
movement was not as great as other’s, resulting in the gap widening
between XRP and cryptocurrencies with greater market capitalizations,
BTC and ETH.
• Volumes for the week were higher, averaging 2.50 billion coins per day
compared to the previous week‘s volumes of 2.24 billion coins per day.
April 01, 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:
2011
Primary Use:
CURRENCY
61mm
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$80 (US$60)
April 01, 1:00 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.041
Current Mining Fee (USD):
LOG IN TO VIEW
April 01, 2019
â– LTC News:
• No significant LTC related news last week.
â– Trading History YTD:
• LTC has been a relative outperformer in comparison to other major
cryptocurrencies so far in 2019 as it has traded positive for most of the
year.
â– Current Environment:
• Positive momentum in LTC continued last week, both in USD terms and
BTC terms.
• Volumes for the week were similar to the previous weeks averaging 31.6
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:
2017
Primary Use:
CURRENCY
17mm
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$223 (US$167)
April 01, 1:00 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0041
Current Mining Fee (USD):
LOG IN TO VIEW
April 01, 2019
â– BCH News:
• No significant BCH related news last week.
â– Trading History YTD:
• After drifting sideways to negative for most of 2019, the price of BCH
stabilized and then traded positive in March. BCH is now up on the year.
â– Current Environment:
• The price of BCH was up on the week last week with strong positive
momentum earlier in the week outweighing a gradually declining price
trend later in the week.
• Volumes for the week were higher week-over-week averaging 3.1 million
coins per day compared to the previous week‘s volumes of 2.9 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
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
CURRENCY
8 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$149 (US$112)
April 01, 1:00 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.012
Current Mining Fee (USD):
LOG IN TO VIEW
April 01, 2019
â– DASH News:
• Dash has released version 0.14 to testnet, which brings Dash one step
closer to its next big development milestone, Evolution. The upgrade will
help make Dash more efficient in processing transactions and data, which
is necessary for future scaling and the improvements that Evolution plans
to bring. It will also help further secure the Dash blockchain from 51%
attacks by locking-in the first block published at each height, which will
enable merchants to accept valid transactions more confidently, much
sooner.
• The Dash Evolution github repositories are now being released for public
and open-source access. Dash has received criticism in the past for
keeping these code repositories private. The organization stated that they
were in the process of refining the code to make sure it met a high
standard before public release and also to maintain Dash’s competitive
edge. The Dash Core Group has long promised to make these public and
is fulfilling its promise, which is also a positive sign that the release of
Evolution is getting closer.
â– Trading History YTD:
• Since trading down during the first month of the year, the price of Dash has
experienced positive price momentum throughout February and March,
2019.
â– Current Environment:
• Positive price momentum continued in Dash last week as it rose steadily
throughout the week.
• Volumes for the week were in line with the previous week‘s volumes
averaging 2.5 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:
2016
Primary Use:
10
9
mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$6.40 (US$4.81)
April 01, 1:00 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0016
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
April 01, 2019
â– ETH Classic News:
• No significant ETC related news last week.
â– Trading History YTD:
• ETC has experienced a generally negative start to the year with more
downward than positive price movement.
â– Current Environment:
•
•
For the second week in a row, ETC experienced some price momentum,
closing ~US$0.50 cents higher on the week.
Volumes were down this week averaging 37.5 million coins per day
compared to the previous week‘s 62.9 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
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without the prior consent of Bitvo.
Page 8 of 8
April 01, 2019
