Weekly Noob Look at Crypto Market #7 - BTC Drop

avatar

The past week was very weird regarding crypto markets... Everybody was waiting for a big boom for BTC price because of BAKKT, and it was a big boom, but in price drop...

As Bitcoin was going down, STEEM followed it in USD pricing... It went down to $0.12-$0.13, but it is important that the price against BTC is almost the same as the last week... It was traded during the week between 1470 and 1688 satoshis, and as I'm writing, it is 1610 satoshi (last week it was 1650).

markets.png

created on canva.com

As I wrote in the beginning, the BTC price went down from $10.000 to $7.750, and it is traded at the moment for $7.930... As it looks, investors were disappointed with low BAKKT performance and it is directly represented on the price. But, there are also other theories about Tether manipulations (again?!) as a reason for this drop.

Like all the other altcoins, Etherium didn't do differently than Bitcoin. It went down from $210 to $150, but it is traded at the moment around $165 per coin. If we take a look at ETH/BTC graph it's easy to notice that it was ups and downs in the price, but at the moment ETH is currently traded for almost the same price as at the end of the previous week, around 0.021 BTC per coin.

steemengine.png

CTP token had a small dump past week and it was traded from 0.04-0.064 STEEM (a little bit lower than last week), with a circulating supply of 425,707.175 CTP tokens and the last 24h volume was way too low: 51 STEEM / $6.59. It looks that CTP holders do not want to sell their tokens for cheap price...

DEC token had a nice rise past week and it was traded between 0.006-0.00820 STEEM, with a circulating supply of 80.984M DEC tokens and the last 24h volume was really nice: 17,449 STEEM / $2,255.29.

PAL token has again dropped in value. It is traded for 0.08-0.084 STEEM, with circulating supply is 15.531 M PAL and the last 24h volume was even lower than last week, 115 STEEM / $14.87.

SPT token had a nice bump in price, and it was trading around the price of 0.0042-0.0050 STEEM per token. Circulating supply is 22.746 M SPT and the last 24h volume was better than last week but still low, 83 STEEM / $10.76.

LEO token is doing very well, the price is slowly stabilizing around the 0.20 STEEM. It was traded between 0.17-0.19 STEEM per token, which is in the range of the last week's price, but with much better support levels. Circulating supply is 4.105 M LEO and a 24h volume was lower than the past week, 427 STEEM / $55.19.

I'm still hunting a good price for LEO token, but it looks that it doesn't want to come down to those 0.10 STEEM levels anymore... So, I will probably have to buy it for a bigger price...


My staked tokens summary (this week - last week):
CTP token - 9360 (8120)
PAL token - 739 (735)
SPT token - 11743 (11450)
BATTLE token - 7503 (7460)
LEO token - 2155 (2125)

ph


.:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:.

Don't forget to follow, resteem and browse my steempage to stay connected with all the great stuff!

SteemSavvy.png

Join SteemSavvy.com The Ultimate STEEM School

Do you need FREE affiliate marketing lessons? Join ClickTrackProfit

.:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:. .:.



0
0
0.000
6 comments
avatar

Nice update about the tokens Zoltan, and you have a growing portfolio there, and really great that Leo is doing well, I like that token, let's see how CTP develops the coming weeks we should have some new users too, as to Bitcoin I think it has to do with scalability, Bakkt was not fixing any of that, it was just investors trying to use it as is, and if it is to go higher the scalability has to be solved, I suggest you watch the videos from @cryptospa, he has a lot of insight to this subject, stay awesome.

0
0
0.000
avatar

Thanks for the recommendation, I will check those videos...
And yes, we will have some interesting moves in the very near future...

0
0
0.000
avatar
(Edited)

Thanks a lot for this update about the tokens and coins of particular interest @ph1102, and nice that you also include your own stake, you are progressing well, stay awesome.


This is Awesome Content, and it has been manually curated with an upvote of 60% from @thisisawesome and it will be included in our Awesome Daily report in category Awesome CTP Curation for more visibility.

The goal of this project is to "highlight Awesome Content, and growing the Steem ecosystem by rewarding it".

0
0
0.000
avatar

Thanks for an upvote... I hope that my staking will get some fruits in the future.. time will tell :)

0
0
0.000