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You can find the Social trends snapshot for 22nd Jan 2019 here:
(FYI, you can always check the top trending words on SANbase . For the latest, up-to-date trends, staking 1000 SANs is required)
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- BCH/Bitcoin Cash
Bitcoin Cash ruffled some feathers around noon today when it shortly broke the $120 support today for the first time in a month.
The BTC hardfork was trading in a tight range between #122-$130 range for most of the week, before testing the $120 support level. Some analysts worried breaking below $120 would send the coin in a downward spiral. BCH, however, had other plans:
In a similar fashion and at the exact same time, Bitcoin hit a 1-month low of $3.548, before recovering back to the 3600 range.
There haven’t been any notable BTC or BCH-related announcements over the last 24hrs that would objectively justify the erratic price action.
The only announcement of note comes from Falcon, a Swiss Private Bank, which has recently introduced a cryptocurrency wallet as well as support for direct transfers of BTC, BCH, ETH and LTC for private and institutional investors.
The bank said investors can now directly transfer cryptocurrencies to and from its own “segregated Falcon wallets.” They can also convert their digital coins into cash.
Another news that could’ve been partially to blame for Bitcoin’s prominence on today’s list comes from no other than:
Roger Ver can’t help himself from trending, it seems.
The BCH evangelist appears on our list for a second day in a row, following what most considered pretty outlandish comments about BCH:
In an episode uploaded on the Bitcoin.com YouTube channel, Ver said this update would be the ‘biggest ever to the Bitcoin.com wallet’, but stopped short of any actual details. He also stated said update would be live by the time this video rolled out, which is demonstrably not the case.
Folks are still hyping the new crypto legislation proposed in Wyoming, that aims to clarify the legal position of digital assets, and organize its custody through banks rather than financial institutions.
Under the bill, certain cryptocurrencies like Bitcoin would be classified the same as money, allowing their transactions to be interest free.
For those that don’t mind a little legalese, Caitlin Long has you covered with 40(!) tweets on the proposed bill.
In the frozen crypto market, Tron leads the pack. TRX leapt from $0.0235 to $0.0266 in the last 24hrs, and is currently up 5.16% for the day, and 3.8% for the week.
The run was not entirely ‘organic’ however. Some big news preceded the rally:
On Sunday, BitTorrent finally announced a timeline for its much-anticipated BTT Airdrop to TRX holders. Since then, various cryptocurrency exchanges have been pledging their support for the BTT airdrop, all of them diligently highlighted by Justin Sun:
The first airdrop is now scheduled for February 11th. A total of 10,890,000,000 BitTorrent (BTT) will be given out in the event, or 1.1% of the coin’s total circulating supply.
Lynur, an ETH-based encyclopedia, becomes the latest altcoin to break out, surging a gratifying 33.3% in about 24hrs.
The coin is currently up 50% for the week.
Monetha had a rather eventful weekend, tho it’s mostly been downhill since.
The coin’s repeat appearance on our list is likely a combination of its frantical price action and its recently-announced rebranding efforts. Here’s Monetha’s updated look:
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As always, visit SANbase to explore these and other trends in more detail!