Bitvo.com
Bitcoin (BTC)
C$4,852 (US$3,651)
February 11, 12:00 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):
~$0.170
Website:
https://bitcoin.org
February 11, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• Tech giants Google and Facebook continue to push into the blockchain and
cryptocurrency space.
• Google is developing blockchain search-ability with Blockchain ETL (extract,
transform, load), a new technology being built into Google’s big-data analytics
platform, BigQuery.
• Facebook reportedly made its first blockchain-related acquisition last week,
acquiring blockchain start-up Chainspace. Facebook is acquiring the core
team behind Chainspace in order to gain access to their skills and expertise.
The company’s technology will not be acquired.
• Adoption of cryptocurrency in countries plagued by inflation and bad
government continues to accelerate. For example, peer-to-peer bitcoin trading
volumes in Venezuela increased to an all-time weekly high last week of US
$8.95 million.
• Wyoming became the most recent state to become cryptocurrency-friendly,
passing a bill that will allow cryptocurrencies to be classified as money. The bill
is scheduled to go into effect March 1
st
, 2019.
â– BTC News:
• Billionaire investor Michael Novogratz stated in an interview last week that he
believes it is “simply logical for every big macro fund to hold 1% in Bitcoin”.
• Securities and Exchange Commission (SEC) official, Robert J. Jackson Jr.,
stated that he believes a BTC exchange traded fund (ETF) will be approved.
Jay Clayton, chairman of the SEC, previously highlighted that alleviating
concerns over market manipulation will be key for approval of the first BTC
EFT.
• Over the last few years BTC has become more decentralized according to
Canaccord Genuity Group’s latest cryptocurrency report. The report compared
current day mining hash rate distribution, were no single mining pool controls
more then 20%, to mid–2014 when Ghash.OI controlled around 50%. This
demonstrates the magnitude of BTC adoption over the last few years.
â– Trading History YTD:
• After spiking to a near-term high at the end of the first week of January, the
price of BTC has trended negatively for most of 2019.
â– Current Environment:
• While still down on the year, the price of BTC recovered some of its losses last
week, spiking over US$200 in 24 hours late last week.
• Volumes for the week averaged 1.7 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:
104mm
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$161 (US$122)
February 11, 12:00 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.064
Current Mining Fee (USD):
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February 11, 2019
â– ETH News:
• ETH regained second place in terms of total market capitalization last week,
surpassing XRP after trailing it most of the year. ETH now has a total market
capitalization of US$12.8 billion versus XRP’s US$12.5 billion, both trailing
BTC at US$64.1 billion.
• The browser Opera, has partnered with a crypto broker Safello, to allow its
users of Opera’s browser-based wallet to be able to purchase ETH. This is
currently only available for people in Sweden, Denmark and Norway.
â– Trading History YTD:
• After a positive start to the year, ETH has declined over the past month
before experiencing a price spike late last week alongside other major
cryptocurrencies.
â– Current Environment:
• ETH’s price increase is rumored to have been caused by a number of large
ETH holders, so called cryptocurrency whales.
• Volumes for ETH were slightly down this week averaging 24.8 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:
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$0.40 (US$0.30)
February 11, 12:00 pm
All figures in USD$, 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:
• Xpring, an investment division of Ripple has announced they are investing in
Raised in Space Enterprises. According to the press release “Raised In Space
will leverage its partnership with Ripple’s Xpring to integrate blockchain and
the digital asset XRP where it can most powerfully benefit and impact the
music industry.”
â– Trading History YTD:
• After rising in price the first week of the year, the price of XRP fell somewhat
sharply in the second week of the year with the negative trend continuing for
most of this year to date.
â– Current Environment:
• XRP experienced a price spike late last week alongside other major
cryptocurrencies. While it touched a high of over US$0.31 last week, XRP
remains down on the year.
• Volumes for the week averaged 1.56 billion coins per day. This was down from
the prior week‘s average of 1.87 billion coins per day.
February 11, 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
60mm
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$57 (US$43)
February 11, 12:00 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.022
Current Mining Fee (USD):
LOG IN TO VIEW
February 11, 2019
â– LTC News:
• Continued positive price momentum moved LTC up to be the fourth largest
cryptocurrency last week in terms of market capitalization, behind BTC,
ETH and XRP. LTC has a market capitalization of US$2.6 billion making it
a distant fourth to third place XRP at US$12.5 billion.
• The Litecoin Foundation announced that it has partnered with software
development firm Beam to explore the implementation of a new protocol
that would improve privacy and scalability.
• The new protocol is currently being referred to as “Mimblewimble” and is
being tested for use in conjunction with the scalability solution “Extension
Blocks”.
â– Trading History YTD:
• LTC has been a relative outperformer in comparison to other major
cryptocurrencies so far in 2019, opening at US$30.46 on New Year’s Day
and closing at US$46.83 last night.
• This positive price momentum makes LTC the only major cryptocurrency
currently up so far in 2019.
â– Current Environment:
• Positive price momentum for LTC accelerated last week with a spike in
price late last week resulting in LTC almost touching US$47.
• This price move came on higher volume. Volume for the week averaged
26.9 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:
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$163 (US$123)
February 11, 12:00 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0034
Current Mining Fee (USD):
LOG IN TO VIEW
February 11, 2019
â– BCH News:
• No significant BCH related news last week.
â– Trading History YTD:
• The price of BCH is down on the year, alongside other major
cryptocurrencies.
â– Current Environment:
• BCH recovered some of its year to date losses last week, increasing briefly
above US$130. However, BCH’s increase was less pronounced than other
major cryptocurrencies, resulting in a relatively smaller move to the positive.
• Volumes for the week averaged 2.1 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
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$105 (US$79)
February 11, 12:00 pm
All figures in USD$, 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
February 11, 2019
â– DASH News:
• Dash announced a partnership with cannabis company Alt Thirty Six
whereby Alt Thirty Six’s new cash management system will allow
dispensaries to have cash picked up by the company and converted to
Dash.
• Merchant acceptance of Dash continues to grow with over 325 Dash
accepting merchants in Columbia, which ranks only behind Venezuela and
the United States, while Latin America combines for over 3,000 merchants.
There are now over 5,000 merchants accepting Dash globally.
â– Trading History YTD:
• Dash has traded like other major cryptocurrencies in 2019, with the price
trending generally down on the year.
â– Current Environment:
• Like other major cryptocurrencies, Dash recovered some of its year to date
losses last week after a sharp spike in price experienced late in the week.
• Volumes were steady for the week averaging 1.7 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:
107 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$5.38 (US$4.05)
February 11, 12:00 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0013
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
February 11, 2019
â– ETH Classic News:
• No significant ETC related news last week.
â– Trading History YTD:
• Alongside the rest of the cryptocurrency market, ETC has experienced a
generally negative start to the year.
â– Current Environment:
•
•
ETC benefited from positive momentum in the broader cryptocurrency
markets last week, touching a high of US$4.20 before declining again
and stabilizing in the low US$4.00 area.
Volumes for the week averaged 41.5 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
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 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,
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consequential loss arising from any use of this report or the information contained herein. No matter contained in this document may
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February 11, 2019
