Bitvo.com
Bitcoin (BTC)
C$10,556 (US$7,957)
June 10, 2:50 pm
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
Technical Trading Score*:
Date Of Inception:
2009
Primary Use:
CURRENCY
18mm
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):
~$1.63
Website:
https://bitcoin.org
June 10, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
One week following Canadian start-up Kik’s announcement that it is
launching a US$5 million crypto initiative to fund a lawsuit against the
United States Securities and Exchange Commission (SEC), a campaign
called DefendCrypto, the SEC announced that it is suing Kik for an
unregistered US$100 million token offering. The commission alleged that
Kik’s digital token sale was not compliant with U.S. securities laws, as it
had not registered the offering with the proper authorities.
•
Tron founder and CEO, Justin Sun, bid US$4.6 million in an eBay charity
auction to have lunch with billionaire investor Warren Buffett, who has
long been known for his negative stance on cryptocurrency.
•
Facebook is rumored to be officially announcing its cryptocurrency project,
a stable coin, via a white paper to be made public later this month. It is
also rumored that Facebook employees will be able to take part of their
salary in the coin.
â– BTC News:
•
Global peer-to-peer crypto exchange LocalBitcoins officially announced it
will no longer trade in fiat currencies. The official statement cited desire to
comply with the Act on Detecting and Preventing Money Laundering and
Terrorist Financing, which will be required as LocalBitcoins moves to be
monitored by the Financial Supervisory Authority of Finland following the
Finnish government passing new legation for crypto assets earlier this
year.
•
The city of Vancouver is contemplating a ban on Bitcoin ATMs. The mayor
of Vancouver, Kennedy Stewart, has reportedly suggested a complete ban
on Bitcoin ATMs due to money laundering concerns.
â– Trading History YTD:
•
After a slow grind sideways for the first three months of 2019, the price of
BTC shot up at the beginning of April.
•
Positive momentum continued throughout May, before the price pulled
back slightly in June.
â– Current Environment:
•
The price of BTC traded lower last week, with a sharp drop Monday
followed by stability throughout the week before a slight rebound over the
weekend.
•
This represents BTC’s second down week in a row, following a very
positive month of May.
•
Volumes for the week were lower, averaging 2.5 million coins per day
compared to the previous week’s volumes of 2.9 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:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
106mm
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$325 (US$245)
June 10, 2:50 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.165
Current Mining Fee (USD):
LOG IN TO VIEW
June 10, 2019
â– ETH News:
•
While Ether sits firmly in second place in terms of largest cryptocurrency
market capitalization behind only Bitcoin, Ether’s recent
underperformance versus Bitcoin has resulted in a widening of the gap
between first and second place.
•
Ether has a current market capitalization of US$26 billion versus Bitcoin’s
US$142 billion.
â– Trading History YTD:
•
After declining in January, the price of ETH has experienced positive
momentum for most of 2019.
•
However, with the recent positive performance of BTC, ETH has
underperformed BTC, with the price of ETH in BTC terms trending down
since the end of February.
â– Current Environment:
•
The price of ETH traded sideways to slightly down for most of the week
last week, both in USD as well as BTC terms.
•
Volumes for the week averaged 34.6 million coins per day, which is lower
than the previous week’s volumes of 40.5 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
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$0.53 (US$0.40)
June 10, 2:50 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0070
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
•
No significant XRP related news last week.
â– Trading History YTD:
•
XRP has underperformed other major cryptocurrencies so far in 2019,
with its price trending down or flat from January through May.
•
While XRP participated in May’s almost universal cryptocurrency price
rally, it did not benefit to the same extent as other major cryptocurrencies.
•
As a result of the above, the price of XRP has declined steadily in terms
of BTC since the beginning of 2019.
â– Current Environment:
•
Similar to other major cryptocurrencies, the price of XRP declined for
most of the week last week.
•
Volumes for the week were lower, averaging 4.64 billion coins per day
compared to the previous week’s volumes of 5.75 billion coins per day.
June 10, 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
62mm
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$166 (US$125)
June 10, 2:50 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0562
Current Mining Fee (USD):
LOG IN TO VIEW
June 10, 2019
â– LTC News:
•
The price of Litecoin reached over US$125 today, the highest it has
reached in over a year.
•
This recent price surge resulted in Litecoin regaining fourth position in
terms of largest market capitalizations among cryptocurrencies. Reaching
a current market capitalization of US$7.9 billion, Litecoin surpassed
Bitcoin Cash at US$7.0 billion and now sits behind only Bitcoin at US$142
billion, Ether at US$26 billion, and XRP at US$17 billion.
â– Trading History YTD:
•
Having started 2019 as a relative outperformer in comparison to other
major cryptocurrencies, LTC has lost some momentum in April and May
before regaining ground last week.
•
The price of LTC in USD terms has traded positively for most of the year
in 2019.
â– Current Environment:
•
The price of LTC traded positively for most of the week last week, making
it a significant outperformer as most other major cryptocurrencies trended
negatively.
•
As a result, the price of LTC gained ground both in USD and BTC terms.
•
Volumes last week averaged 38.9 million coins per day which was in line
with the previous week’s volumes.
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
18mm
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$519 (US$391)
June 10, 2:50 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0051
Current Mining Fee (USD):
LOG IN TO VIEW
June 10, 2019
â– BCH News:
•
No significant BCH related news last week.
â– Trading History YTD:
•
Somewhat similar to the trend in the price of BTC, the price of BCH
ground sideways for the first quarter of 2019 before experiencing a price
spike in early April.
•
The price of BCH has tended sideways since the beginning of April both
in USD and BTC terms.
â– Current Environment:
•
The price of BCH dropped sharply last Monday, following which it
experienced a volatile though mostly negative week, resulting in it losing
ground versus Litecoin, falling behind it once again in terms of market
capitalization.
•
Volumes were lower week-over-week, averaging 4.8 million coins per
day compared to the previous week’s volumes of 5.2 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
9 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$198 (US$149)
June 10, 2:50 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0212
Current Mining Fee (USD):
LOG IN TO VIEW
June 10, 2019
â– DASH News:
•
Dash activated DIP 0006, which brings distributed key generation to
enable the formation of Long-Living Masternode Quorums (LLMQs) that
enhance the performance and scalability of the network.
â– Trading History YTD:
•
After a generally negative start to the year, the price of Dash has
experienced more positive than negative price momentum from February
2019 onwards in terms of USD.
•
However, given the larger price appreciation seen in BTC, the price of
Dash has trended negatively since the end of March in BTC terms.
â– Current Environment:
•
Similar to other major cryptocurrencies, the price of Dash declined last
week both in USD and BTC terms.
•
Like most other major cryptocurrencies, volumes for the week were lower
compared to the previous week’s average, averaging 2.5 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
Technical Trading Score*:
Date Of Inception:
2016
Primary Use:
110 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$10.87 (US$8.19)
June 10, 2:50 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.com
403.407.0046
~$0.0024
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.
LOG IN TO VIEW
NO MAX
SMART CONTRACTS
June 10, 2019
â– ETH Classic News:
•
Ethereum Classic developers are speeding up plans to test a proposed
upgrade to its blockchain network.
•
The move to ramp up the timeline was discussed on a developer call on
Thursday, during which ecosystem stakeholders expressed a desire to
see the system-wide upgrade, “Atlantis”, occur sometime later this
summer.
â– Trading History YTD:
•
After trading sideways for most of the first quarter of 2019, the price of
ETC has benefited from broader momentum in the cryptocurrency space,
trading generally positively in April and May in terms of USD.
•
However, ETC has generally underperformed other major
cryptocurrencies with its price trending negatively throughout most of the
recent rally in terms of BTC.
â– Current Environment:
•
Similar to other major cryptocurrencies, the price of ETC declined last
week both in USD and BTC terms.
•
Volumes were higher week-over-week, averaging 106.2 million coins per
day compared to the previous week’s volumes of 99.9 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
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 Bull and Bear
symbols represent relatively favourable or unfavourable technical indicators, respectively, and the presence or absence of these
symbols and any language pertaining to these symbols does not represent any advice, representation or guidance from Bitvo as to
whether you should buy, sell or hold any cryptocurrency. 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, and under no circumstances should
be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company that is not legally
permitted to carry on the business of a securities broker or dealer in that jurisdiction. To the full extent permitted by law neither Bitvo
nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use
of this report or the information contained herein. No matter contained in this document may be reproduced or copied by any means
without the prior consent of Bitvo.
Page 8 of 8
June 10, 2019
