Today is about a potential Altcoin bull market, a big push for Ethereum and other cryptocurrency issues.
Bitcoin Course and Altcoins
Cryptanalyst and author Nik Patel has posted some interesting numbers on Twitter. He told his 71,000 followers that in the previous bear cycles the average Bitcoin Altcoin drawdown was 69.7 percent. A “drawdown” is a loss series in the equities area.
Couple of fun facts:
– Of the previous 4 ALTBTC bear cycles, the average drawdown has been 69.7%. The current drawdown of this ALTBTC bear cycle is 66.5%.
– The average growth experienced across the past 5 ALTBTC bull cycles was 617%.
– Nik Patel (@cointradernik) May 14, 2019
Further, Patel explained that the drawdown of the current bear market is [already] 66.5 percent. He probably wanted to show that the average was almost reached and therefore could be expected with a decay of the bear market.
The actually important number called Patel afterwards. So he calculated for Bitcoin and the Altcoins in the last five bull cycles an average growth of 617 percent. Apparently Patel wanted to show how high the growth potential for the upcoming bull market is and that currently the Bitcoin buy could be worthwhile.
Bitcoin top by shorting it:
Have you thought about longing altcoins instead? They've been capitulating and are very likely to explode the moment BTC tops out.There is more money in that than shorting BTC in my opinion.
– DonAlt (@CryptoDonAlt) May 11, 2019
The well-known analyst DonAlt has also commented on Twitter. In his opinion, too many people would be looking for the best spot for seller positions on Bitcoin. DonAlt advised to open long positions on the Altcoins. It is very likely that these would “explode” when Bitcoin reaches its peak.
Max Keizer's investment company Heisenberg Capital is not on the same page.
The company has invested in a number of leading cryptographic companies including Bitpay, Kraken, ShapeShift and Bitfinex. In the long term, it believes Bitcoin will increase to $ 100,000 per coin at the expense of all other competing crypto assets.
According to reports, Vitalik Buterin and Joe Lubin each want to donate 1,000 Ethereum to MolochDAO. MolochDAO is a crowdfunding platform designed to fund Ethereum Network projects and the creation of Ethereum 2.0.
The crypto friend with the pseudonym “Hodor” has published a new overview of the latest developments in Ripple Labs and Ripple XRP. Among other things, this concerns the listing of Ripple XRP on the NowPayments payment platform.
With a new article, the Litecoin Foundation wants to help cryptop users protect their litecoins and other cryptocurrencies. In the article, the author highlights various types of wallets and provides help on how to recover lost cryptocurrencies.
The basics of cryptocurrency security, storage, and recovery ⚡️💪🔐https: //t.co/1CDCflhWqN @theliteschool #Litecoin #Bitcoin pic.twitter.com/tIV8noszFO
– Litecoin Foundation (@LTCFoundation) May 13, 2019
At the Consensus 2019 conference, BlockTV conducted an interview with Charles Hoskinson, Cardano's co-creator. In the interview, Hoskinson talked about the conference and the changes in crypto since the last conference. He said:
“I think the area has become much more diverse. There is also a shift towards Asia and Europe. The US is certainly an important market, but they are not the only market in the crypto sector. “
What's up @coindesk? It is about time you invite @IOHK_Charles to speak at #Consensus! We caught up with the @Cardano co-founder, who other than joking about being snubbed so talk about how to do it. https://t.co/dTMWw06r7B pic.twitter.com/9pBpMiSDEx
– BLOCKTV (@BLOCKTVnews) May 14, 2019
Justin Sun has announced that Tron's integration into the filesharing platform BitTorrent will be completed in the second half of 2019.
Tron bought BitTorrent for more than $ 100 million last year. The BitTorrent Token (BTT) is designed to reward users who share files on the platform.
# BitTorrent is launching on #TRON in Q2. Glad to announce another giant with hundreds of millions of users wants to be #TRON ecosys in Q2 as well. Guess who? To be revealed soon on # Consensus2019
– Justin Sun (@justinsuntron) May 13, 2019
The NEO team has announced an investment of $ 100 million. This is to promote acceptance on the Smart Contract platform. This is to be done via the “NEOEcoBoost” fund. This fund is intended to provide funds for developers and entrepreneurs who want to build on NEO.
Because: We are exhilarated to unveil #NEOEcoBoost $ 100M funding into NEO's ecosystem! The goal is to activate seed proj, support dApps growth, further dvlp infrastructure & bolster institutional collab. NEOEcoBoost extends beyond funding to support tech, community synergy & promotion pic.twitter.com/G9P8xnpwVo
– NEO Smart Economy (@NEO_Blockchain) May 14, 2019
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/prognose-bitcoin-btc-and-altcoin-rallye-of-617-%-plus-ripple-xrp-ethereum-cardano-tron-and- neo-update /
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