Market Update: June 28, 2017

Market Update

The recent correction has shaken up the crypto-sphere and like miners panning for gold we’re sifting out the smaller, sandier bits and looking for the gems that turn up. Looking at coinmarketcap at the moment we have Ethereum, Stratis, Golem, Antshares, and Iconomi all up over 20-30%, which I interpret to mean that these are what the crypto-world sees as the best long-term investments. We’re seeing the strongest teams working on the most interesting applications stand out with the most growth. During times of uncertainty, traders go for the fundamentals; none of that speculative nonsense today! (Relatively speaking…)

News

  • Golem Mentioned In The New York Times
    Congratulations to the Golem Project for their first mention in The New York Times! The article also brings ICO’s onto the mainstream radar so I expect nothing but more impressive craziness on the ICO front.
  • Dash Evolution Roadmap Released
    Dash released an update on the launch of Dash Evolution. The plans include a lot of technical updates to give Dash the widest surface area possible for contact with financial applications. I’ve noticed an interesting trend developing with assets like Dash and Litecoin really driving technical developments while less sophisticated applications like POTcoin actually seem to see greater success (in the short-term, at least) by introducing specific industries to cryptocurrency and focusing on specific applications. Obviously a lot of the less sophisticated assets will die off sooner rather than later but there will have to be a point where more technical assets find user-friendly applications or user-friendly applications might start absorbing the tech talent. Just some random thoughts, but the roadmap is great news for Dash and I expect great things for them once we see the release of Evolution.

Trading Calendar

  • June 27: Stellar Lumens Giveaway
  • June 26-28: Money 20/20 Europe
  • July 1: Zcash launches on AlphaBay
  • July 7-14: London Fintech Week
  • July 28: Blockchain Conference D.C
  • Aug 1: Segwit on Bitcoin?
  • Aug 1: Lightning Network on LTC
  • Late Summer: Augur Launch
  • Late Jul/Mid Aug: Ethereum Metropolis
  • End of July: Lbry release

I would love to know what’s on your trading calendar! Please leave comments, questions, love, and suggestions below.

Top Ten Cryptocurrency Keywords — June 28, 2017

Google Keyword Trend Statistics for the Top Ten Cryptocurrencies by Market Cap

The consistencies between keyword trends and price fluctuations in the market continues to fascinate me as the recent “bloodbath” rebounds quite comfortably. Ethereum, Ethereum Classic, NEM, Dash, Bitshares, and Stratis all seem to be climbing in interest again while Bitcoin, Ripple, Litecoin, and IOTA have tapered off in their decline but haven’t quite turned it around yet. Does anything in particular stick out about those groupings to you?

This correction has shaken the crypto-sphere, and like miners panning for gold we’re sifting out the smaller, sandier bits and looking for the gems to turn up. Don’t get me wrong, I think BTC, XRP, LTC, and IOTA all have important futures in cryptocurrency and I have especially strong feelings about LTC this year but looking at coinmarketcap we have Ethereum, Stratis, Golem, Antshares, and Iconomi all up over 20-30%, which I interpret as meaning that these are what the crypto-world sees as the best long-term investments.

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Litecoin (LTC)
  5. Ethereum Classic (ETC)
  6. NEM (XEM)
  7. Dash (DASH)
  8. IOTA (MIOTA)
  9. Bitshares (BTS)
  10. Stratis (STRAT)

As always, I’m not giving advice and please don’t take my word for anything. I love it when you share your opinions and ideas in the comments; the more information we share the more efficient our markets will be and the richer we can get!

Top Ten Cryptocurrency Keywords — June 23, 2017

Google Keyword Trend Statistics for the Top Ten Cryptocurrencies by Market Cap

Ripple, Litecoin, and Dash are the only keywords showing any upward interest today. Good luck!

  1. Bitcoin (BTC)

2. Ethereum (ETH)

3. Ripple (XRP)

4. Litecoin (LTC)

5. Ethereum Classic (ETC)

6. NEM (XEM)

7. Dash (DASH)

8. IOTA (MIOTA)

9. Bitshares (BTS)

10. Stratis (STRAT)

Perpetual Growth Crypto – Market Update: June 15, 2017

Before You Go Calling This A Bloodbath…

Let’s keep in mind that this is a pretty understandable bloodbath. The expected raise of the interest rate by the Federal Reserve combined with less-expected news of a proposed crackdown on money laundering in the U.S. caused a panic sell that meant a lot of big, red numbers on coinmarketcap and a lot of panicky investors.

The report describing the bill could not have been more alarmist, but as investors it’s good to be aware of the possible implications of a situation like this and from that perspective we can forgive them for being overly thorough. Call it clickbait if you like; most bills don’t get passed and the bill seems to focus on the use of cryptocurrency as a money laundering tool rather than a target for direct investigation and if you believe in the technology then you know that the government can’t make cryptocurrency go away. I’m pretty much in agreement with this far more levelheaded assessment of the situation. Invest responsibly and you’ll be fine.

Swarm City Boardwalk Release

Swarm City released their platform Boardwalk today. I haven’t had a change to try it out yet but fixing ride sharing was one of the first ideas that ran through my head when I started learning about blockchain applications and decentralized organizations so I’m very excited to see that the idea has been implemented and expanded beyond any of my expectations! Swarm City is a complete sharing platform so you can share rides, you can share rooms like airbnb, tools, knowledge, anything people can think of and are willing to share can now be shared.

Trading Calendar

  • June 19: LTC added to Bitstamp.
  • June 27: Stellar Lumens Giveaway
  • June 26-28: Money 20/20 Europe
  • July 1: Zcash launches on AlphaBay

I would love to know what’s on your trading calendar as well as your thoughts on Swarm City and the state of the markets! Please leave comments, questions, love, and suggestions below. Follow and upvote if you found this useful!