Triaconta Weekly #182
The following topics will be addressed in this weekly.
- Bundle performance
- Winners and losers
- Market overview
Bitcoin price and the rest of the market have become more volatile leading up to the fall. Glassnode blockchain analysis indicates that Bitcoin miners are not selling their Bitcoin and also that large Bitcoin owners are slowly increasing their position. So they all expect higher prices in the fall. Now September has always been a bad month for Bitcoin historically and that may have impacted sentiment. A step back for all bundles this week. We are already looking forward to October!
1 Month: -12.2% | 7D: -9.55% | 24H: -0.52%
1 Month: -4.89% | 7D: -12.43% | 24H: -0.64%
1 Month: +3.39% | 7D : -14.39% | 24H: +0.92%
1 Month: -9.02% | 7D: -12.72% | 24H: +1.50%
Winners and Losers
In the past week, there were only a handful of winners. Celer Network (+13%) reached its “400% since addition” milestone this week. Also small gains for Cosmos (11%), Avalanche (+9%), and OMG Network (+6%). The biggest loser this week is Aelf (-29%) which is a big correction to the huge increase in September. Further loss to Aave (-24%), Steem (-24%), Agrello (-26%), Kyber network (-24%) and Zilliqa (-24%).
Buy the dip! El Salvador quickly bought 150 Bitcoins (BTC) in the dip on Monday, bringing their total to 700 Bitcoins. Data from Coin ATM Radar shows that El Salvador now has more than 200 bitcoin ATMs. This is the third highest number worldwide, behind the United States and Canada. The Chivo app that gives Salvadorans $30 in Bitcoin already has 1.6 million downloads. That is 25% of the population. By the end of the month, more Salvadorans will have a Bitcoin wallet than a bank account!
TRON, the cryptocurrency of Chinese entrepreneur Justin Sun, has announced that it has been listed on the German Xetra exchange, the largest stock exchange in Europe, and on EuroNext in Paris and Amsterdam. Tron is sold there in the form of an exchange-traded note (ETN) issued by VanEck. VanEck also launched SOL and DOT ETNs, a way to buy crypto just like you buy stocks. An ETN lowers the barrier for a large group of traditional investors to start investing in crypto. VanEck charges 1.5% annually for the management of the Tron tokens.
The CEO of AMC Theaters, a major American cinema chain, has launched a poll asking whether the cinema chain should also accept Dogecoin (DOGE) as a payment method. The company will allow the use of Bitcoin, Ether, Litecoin and Bitcoin Cash by the end of the year. The poll drew 140,000 votes within 24 hours and closed on Wednesday with 68.1% votes for the cinema chain to accept dogecoin in all locations. Another 9% thought AMC should continue with the cryptocurrency even if they wouldn’t use it themselves, while 23% said AMC should not meddle with dogecoin.
Cardano (ADA) Summit 2021 will take place virtually in several cities this weekend. During the summit, Cardano plans to make important announcements as well as reflect on the past year of launching smart contracts capabilities on the blockchain. Participation is free and only requires interested individuals to register on the summit’s website.