Triaconta Weekly 108 | 24 January, 2020
The following topics will be addressed in this weekly.
- Bundles performance
- Market overview
Whereas last week’s BTC price exceeded $ 9,000, this week it fell back towards $ 8,000. With a price currently around $ 8,300, the market seems to be slowly getting ready for a new rise. Expectation is that Ethereum, which has shown the same movement as Bitcoin this past week, will however start climbing again.
3 Months: 1.12% 1 Month: 17.23% 24H: -1.99%
3 Months: 22.63% 1 Month: 30.94% 24H: -3.04%
3 Months: 0.56% 1 Month: 7.37% 24H: -2.91%
Ethereum could be primed for a move | More and more analysts however seem to believe that Ethereum (ETH) is about to break through a two-year long downtrend. According to Satoshi Flipper, a well-known altcoin trader, the upcoming halving of bitcoin (BTC) has not yet been included in the price and it will be a very bullish year. Recent research of cryptocurrency exchange Binance, shows Ethereum was the most correlated cryptocurrency on the market in 2019. With the Ether closely tracking Bitcoin’s price action, there is a good chance that if the BTC halving is not priced in and is going to have a very bullish year, that Ethereum will follow along.
How blockchain technology is changing real estate | EOS Given the blockchain’s disruption of financial services, it’s hard to find a segment that has not been influenced by the technology. Real estate hasn’t escaped blockchain disruption either. The introduction of smart contracts in blockchain platforms allows assets like real estate to be tokenized and be traded like cryptocurrencies like bitcoin and ether. By tokenizing real property, assets can then be traded much like stocks on an exchange and transactions can be done online. Furthermore, new platforms can eventually assume functions such as listings, payments, and legal documentation thereby cutting out the intermediaries. As a result buyers and sellers will get more out of their money as they save on commissions and fees charged by these intermediaries.
Is mining Monero a goldmine for startups and companies? | Software company Coinhive presented a new mining script this past summer, enabling website owners to generate revenue without having to use intrusive and annoying advertisements. By installing a small piece of computer script, website visitors computing power can be used for mining Monero. Monero’s algorithm works in a way that requires less computing power and therefore less expensive equipment and time, making mining more accessible and therefore easier to implement for startups and companies. Whether this method of Monero mining is profitable enough for companies depends on the online traffic and the intended revenues and will differ for every business concept.