Thanks to the SAN community for another great breakdown of today’s social trends (you can see trends here). Here’s a short summary we made based on their analysis:
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The crowd is still high on Red Pulse Phoenix, ever since its initial bull run started two days ago. The coin reached a short-term high of $0.0106 yesterday, and has slowly dipped since, with 24hrs losses of ~4.40%
Here’s a 1-week price action for Red Pulse Phoenix:
In a similar vein, the ValueChain coin has embarked on a small bull run of its own since January 10th. Unlike PHX, however, VLC did record 24hr gains of ~8.1% (as of writing this).
Here’s a 1-week price action for ValueChain:
As was reported a few days back, the contract for Tron is scheduled to be launched on Btex today.
Btex (short for Best Token Exchange) is a BVI-based DEX established in March 2018. With Tron still maintaining an upward swing, the news of a new TRX listing made quick waves in the crypto community.
Tron is still the talk of the town, for better AND worse. The ninth-largest cryptocurrency by market cap was at one point the only ‘green’ project in the top 10, with 24-hours gains of ~10%.
The project did hit a short-lived speedbump recently, following an interview with Simon Morris - ex chief strategy officer at BitTorrent - in which he doubts that Tron blockchain will be able to manage BitTorrent’s high rate of transactions.
It’s not looking good for Bitmain.
The chinese mining giant is reportedly closing another overseas office, this time in Amsterdam, less than a month after the firm closed its operations in Israel. An additional report recently surfaced, claiming that Bitmain also halted its Texas mining operations, in the city of Rockdale, TX.
A Bitmain spokesperson said these are all part of a wider mission to “build a long-term, sustainable and scalable business.”
On January 10th, it was also reported that Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, are to step down as co-CEOs , as the company’s IPO continues to stall.
Robin Linus, Nimiq CEO, recently went public about an ongoing dispute with Nimiq’s tech lead Philipp von Styp-Rekowsky, about the technical direction and vision of the project. He says the internal power battles lead him to develop a severe cannabis addiction, from which he’s now recovering.
In the midst of it all, the project also announced a new Nimiq Checkout plugin for WooCommerce.
This is likely to do with the infamous Bitcoin ‘Bart pattern’, essentially a pump-and-dump scheme caused by a lack of liquidity in the Bitcoin market.
A familiar pattern seems to be emerging on the BTC graph once again…
As always, visit SANbase to explore more!