Triaconta Weekly #158
The following topics will be addressed in this weekly.
- Bundle performance
- Winners & Losers
- Market overview
Bitcoin traders appear to be quite optimistic for April with the most crowded options trade being $80,000 according to data from the derivatives exchange Deribit. All bundles continue to grow enormously this week.
1 Month: 28.08% | 7D: 13.96% | 24H: 1.42%
1 Month: 56.51% | 7D: 24.34% | 24H: 1.20%
1 Month: 82.02% | 7D : 20.33% | 24H: 2.16%
1 Month: 14.21% | 7D: 19.76% | 24H: 1.34%
Winners & losers
Our customers are increasingly buying individual crypto coins in addition to their bundle. Is the trend your friend or do you buy the dip? This week’s winners are Filecoin (+89%), Binance Coin (+38%), Tron (+37%), Ethereum (+23%) and Polkadot (+20%). The losers this week are Theta (-4%), and Cardano (-2%).
Visa announced that it will enable payment settlements using USDC on top of Ethereum. They will bundle thousands of Visa transactions in one Ethereum transaction to partners that use USDC transfers. This is of course bullish news for Ethereum (+23%).
Ripple continues to enjoy strong support in parts of Asia, including Japan. The company recently expanded with a 40% acquisition in Tranglo, one of the biggest cross-border payment firms in Asia. Ripple already has payment corridors in a number of Asian countries like the Philippines and its On-Demand Liquidity (ODL) service leverages its native token XRP (+4%) to facilitate payments. Ripple has been ramping up its marketing efforts to use XRP as a “neutral bridge currency” for central bank digital currencies.
The Cosmos (+6%) development team has activated the Inter-Blockchain Communication (IBC) protocol on the platform following an almost unanimous vote by members of the Cosmos ecosystem. The interoperability between Cosmos and other blockchains makes both fungible (cross-chain payments) and non-fungible token (NFT) transfers between various blockchains possible.
Theta (-4%) network decentralized video streaming platform postpones its 3.0 Mainnet launch from April 21 to June 30. The team aims to ensure that one of the vital introductions, the Edge network, functions and scales effectively. Theta 3.0 also aims to launch a new zero-fee NFT marketplace. The market responded with disappointment to the news.
Dogecoin still pumps on tweets from Elon Musk. The latest on April 1st on behalf of SpaceX promises to put a literal Dogecoin on the literal moon. Despite it possibly being an April fools joke, Dogecoin immediately rose 30% to $0.07, but had to give up most of the rise in the next hour, still making Dogecoin (+10%) a great performer this week.
Tron Founder Justin Sun announces the JUST NFT Fund for investments in NFTs with a price tag of $1M or higher. The project aims to create, register and showcase exclusive world class non-fungible token (NFT) artwork on TRON. The NFT market traded a total of nearly $ 220 million in the last month alone, compared to a total of $ 250 million in all of 2020. The Tron token price is up more than 35% this week.