Cryptocurrency Market Analysis [October 8 Issue]
＊A publicly available article
is an excerpt from a paid article.
Bitcoin
is moving in the 800,000 yen range, unchanged from last week.
Bitcoin daily chart
Right now, price is moving above the support line for this year’s
6th month.
This is a buying point,
so I bought Bitcoin.
Also, if the price breaks below this line,
it could drop to the next lower line.
Recently, there have been riots in Hong Kong making headlines,
but they don’t seem to be affecting prices much.
Recently,Bakkt Bitcoin
futures have been considered a dud,
and the main event for Bitcoin going forward
would be Bitcoin ETF.
However, given this year's approvals,
it seems unlikely at this point.
Prices are currently in a correction downtrend,
so we should focus on finding buying points,
as this is the market environment.
【Price rise of Ripple】
Ripple has recently edged higher in price.
The news behind this is
that Ripple will issue a stablecoin backed by existingXPR collateral.
The news is that will issue a stablecoin.
Using XRP, which currently fluctuates in price,is the focus of the transfer system
Ripple is incorporating or intending to replace with a stablecoin.
＊Ripple remains as is.
Ripple introducing a stablecoin
would make it possible to reduce price fluctuation risk for banks that handle the currency.
Ripple typically settles in seconds,
and even if transactions are very fast,
large amounts can experience price fluctuations at the moment of transfer,
potentially resulting in substantial gains or losses at a moment’s notice.
Furthermore, the Ripple company owns a majority shareholding in Ripple.
Therefore, Ripple has been providing XRP, including donations,
in various forms, which has been a selling pressure causing the price to fall.
However, with the introduction of Ripple’s stablecoin, many investors see a mechanism for price appreciation,
and Ripple has been bought up as a result.
Currently, funds are not flowing into the entire cryptocurrency market, so even if Ripple rises this time,
it could fall back to roughly the same level again.
If you’ve been watching Ripple for a while,
and believe the bottom is near,
you might consider buying when the price approaches roughly 20 to 23 yen.
When it nears that price, I think buying may be a good idea.
【BlockEco\"s hack】
BlockEco announced last night in the early hours that they were hacked.
Here is my current operational result.
Current balance→
33 ETH (about 6 hundred thousand yen)
0.2 BTC (about 160 thousand yen)
BLEC balance→5469 (about 8.5 hundred thousand yen)
Daily dividend→400 BLEC
Totaling about 1.6 million yen
so far.
However, despite the hack, dividends are still coming in,
and the total pool amount is around 14 billion yen.
However, in reality,
...
Other items besides these
【Angeliuｍ Wallet dividends status】
【New NoaCoin listed】
【Stellar listing on CoinCheck?】
