Bitvo.com
Bitcoin (BTC)
C$7,221 (US$5,409)
April 22, 2:45 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):
~$0.68
Website:
https://bitcoin.org
April 22, 2019
All figures in USD$, unless otherwise specified
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â– General Cryptocurrency News:
• The IMF and the World Bank launched a crypto called “Learning Coin” to
build “a strong knowledge base” around blockchain among staff at the
organizations. The coin has no monetary value and won’t be made openly
available. To support the token, the IMF and the World Bank launched a
private blockchain. The IMF said, “The development of crypto-assets and
distributed ledger technology is evolving rapidly, as is the amount of
information (both neutral and vested) surrounding it. This is forcing central
banks, regulators and financial institutions to recognize a growing knowledge
gap between the legislators, policymakers, economists and the technology”.
• France’s Minister of State for the Digital Sector has said he is open to
cooperating with cryptocurrency platforms to enable crypto donations for the
reconstruction of the Notre Dame cathedral.
• Crypto industry participants across Canada and globally are gathering in
Toronto this week for Toronto Blockchain Week.
â– BTC News:
• A recent study conducted on American retirees indicated that over 50% of
respondents were aware of bitcoin, while less than 3% claimed that they
already owned some bitcoin. Approximately 3.5% said that they would like to
invest in bitcoin, but did not know how to start, while 4.5% expressed interest
in investing in bitcoin, but decided to keep an eye on it from the sidelines for
now.
• The Winklevoss twins and Charlie Shrem agreed to a confidential settlement
last week to end a long-running legal fight over 5,000 bitcoins, which were
the subject of dispute from a transaction that occurred in 2012.
• With the recent increase in BTC trading volume this month, there has been a
corresponding increase in transactions fees. Although fees have come down
over the weekend they have averaged over US$1.00 for April.
â– Trading History YTD:
• After declining for the first month of the year, the price of BTC has
experienced a steady upward trajectory throughout 2019.
â– Current Environment:
• Positive price momentum in BTC continued last week with the price trending
steadily higher for most of the week.
• Volumes were slightly lower week-over-week, averaging 2.5 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:
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$231 (US$173)
April 22, 2:45 pm
All figures in USD$, 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 22, 2019
â– ETH News:
• No significant ETH related news last week.
â– Trading History YTD:
• After a positive start to the year, 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:
• Similar to BTC, positive price momentum in ETH continued last week with
the price trending steadily higher for most of the week.
• Volumes for the week averaged 35.4 million coins per day, this is down from
the previous week‘s volume of
40.5 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:
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$0.43 (US$0.32)
April 22, 2:45 pm
All figures in USD$, 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:
• XRP developer Wietse Wind announced on Twitter that the XRPayment
App was accepted by Google and Apple, following which Android and iOS
mobile users can now download the app and start accepting XRP for
payments in a physical store.
• Cryptocurrency kiosk company BelcoBTM launched its integration of XRP
across 12 stores in New Jersey.
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 did not participate in the positive price momentum that BTC and ETH
experienced last week.
•
•
The price of XRP traded sideways for most of the week in USD terms,
resulting in it trending negatively in BTC terms as the price of BTC
appreciated.
Volumes for the week were lower, averaging 3.00 billion coins per day
compared to the previous week‘s volumes of 3.46 billion coins per day.
April 22, 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
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$393 (US$294)
April 22, 2:45 pm
All figures in USD$, 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 22, 2019
â– BCH News:
• Kraken followed other industry participants in the delisting of Bitcoin
SV, the coin created in the BCH fork last fall, following a poll of
community participants.
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 April.
â– Current Environment:
• After a significant price spike earlier in the month, the price of BCH cooled
last week, trending negative for most of the week both in terms of USD as
well as BTC.
• Volumes were lower week-over-week, averaging 4.8 million coins per day
compared to the previous week‘s volumes of 5.0 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
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$103 (US$77)
April 22, 2:45 pm
All figures in USD$, 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 22, 2019
â– LTC News:
• No significant Litecoin related news last week.
â– Trading History YTD:
• LTC started 2019 as a relative outperformer in comparison to other
major cryptocurrencies as it traded positive for most of the first quarter
of the year.
• However, LTC lost some steam in April, trending negatively in both
USD and BTC terms.
• As a result, LTC has fallen in terms of market capitalization and lost its
fourth place position among major cryptocurrencies, now positioned
sixth behind BTC, ETH, XRP, BCH and EOS.
â– Current Environment:
• Negative momentum continued in LTC last week with the price of LTC
trending sideways to negative for most of the week.
• Like the majority of cryptocurrencies volumes for the week were lower
compared to the previous week, averaging 31.3 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$164 (US$123)
April 22, 2:45 pm
All figures in USD$, 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 22, 2019
â– DASH News:
• A man accused of stealing over US$9 million of Dash (almost 1% of the
amount of Dash in circulation) has been arrested in Israel. Afek Zard was
accused of stealing this amount from his former roommate, who
accumulated an early position in the coin in 2013.
• The service that allows Venezuelans to send Dash to each other via text
messages will now be expanding to Colombia. The Dash Text team
prioritized Colombia for expansion due to the fact that 59% of Colombians
do not own smartphones, similar to 60% of Venezuelans, and that
Colombia has a high percentage of Venezuelans that could be interested to
send remittances back home to family and friends.
â– Trading History YTD:
• Since trading down during the first month of the year, the price of Dash has
experienced generally positive price momentum since February, 2019.
â– Current Environment:
• The price of Dash was stable for most of the week last week, ending the
week slightly better than where it started.
• Volumes for the week were slightly lower than the previous week‘s
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$7.97 (US$5.97)
April 22, 2:45 pm
All figures in USD$, 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 22, 2019
â– ETH Classic News:
• Donald McIntyre, one of the most active communication coordinators
in the Ethereum Classic community, compared ETC to an armored
car and ETH to a sports car, highlighting, in his mind, key differences
between the two.
• He went on to clarify that “ETH and ETC have different functions in
the blockchain industry stack. ETC will be a highly secure base chain,
perfectly suitable for decentralized computing and high value smart
contracts between people and businesses, while ETH is aiming to be
a high speed and high volume transactions layer to satisfy high
performance applications.”
• Based on this, he concluded that ETC could one day provide security
services to ETH.
â– Trading History YTD:
• ETC has experienced a generally negative start to the year with more
downward than positive price movement.
â– Current Environment:
• The price of ETC traded sideways last week before a negative spike
downwards experienced over the weekend.
• Volumes were lower week-over-week, averaging 62.5 million coins
per day compared to the previous week’s volumes of 81.1 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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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
April 22, 2019
