Skip to main content

Ethereum's Ascent

Ethereum continues pressing forward towards its all time high of about $390.

Current price is  ~$380 on Coinmarketcap while on Poloniex it is trading just north of $384

Shortly after hitting its previous all time high, it had about a 50% pull back.

Ethereum has stayed relatively stable against BTC since it's 50% pull back, but against USD, it has since been on a steady ascent.

Most altcoins have remained relatively stable against BTC, while appreciating against USD.

Monero (XMR) had quite the run trading at ~.013 BTC (08.19.2017) and hitting .035 BTC on 08.27.2017 Since then it has had a slight pull back and is currently trading ~.029 BTC

Ripple experienced quite the pump and dump as its creators gave some serious hype for guest speakers. This pump done by Ripple saw it trade from $.15 to $.29

Most of the trading has been seen from South Korea, according to data from Coinmarketcap.com

*other reads:

Bitcoin Insight

How to Bitcoin/Altcoin

$AMD and $NVDA



Comments

  1. BloggerNovember 10, 2018 at 1:11 PM

    Invest in Ripple on eToro the World’s Best Social Trading Network!

    Join 1,000,000's who have already discovered easier strategies for investing in Ripple...

    Learn from experienced eToro traders or copy their trades automatically.

    ReplyDelete

Post a Comment

Popular posts from this blog

Bubbles: Cryptocurrencies, Dotcom, Tulips, USD

There are a few things that we need to look at when comparing cryptocurrencies to bubbles. First, supply and demand. Second, the market. Third, value of money. The cryptocurrency bubble and the tulip bubble have some similarities, as well as some differences. When farmers see the price of crop A increasing dramatically, they have some choices. Ignore the price rise and continue to grow crop B, losing out on the potential gain in income, which some will do. This has no affect on crop A. If they are already growing crop A, then they will be able reinvest excess profits and grow more of their cash crop, crop A. This increases supply of crop A. If they are growing any other crop, and see a price rise in crop A, they will have an incentive to shift from their current crop at the end of the season, and grow a crop that will bring in more revenue (crop A). Increasing supply of crop A. However, increasing the supply of crop A won't happen over night, as crops take months to grow. As c...
3 comments
Read more

Crypto, Monetary Policy, and Global Trade

Apologies for being reclusive over the last couple months. I've been a little busy relocating. Lets discuss some of my favorite topics: monetary policy, global trade, and (you guessed it) cryptocurrencies. First: Hyper inflation, bad... very bad. very very very bad. controlled inflation, ok. Inflation has taken a beating throughout the blockchain community. Mainly from Bitcoin Maximalists. Scarcity, along with supply and demand, creates value. However, scarcity also leads to a decrease in the velocity of money, and lead to hoarding. Why? When resources are scarce, humans conserve. Think of the price of oil. When the price of oil is high, the price of gas is high. When the price of oil is low, the price of gas is low. You can see the correlation by comparing the next two graphs. The price (USD) of oil per barrel. Chart by MacroTrends The price (USD) of a gallon of gas. Chart by  Gas Buddy When oil is abundant: supply goes beyond demand (most recent 2014), and p...
Post a Comment
Read more

Running on Scarcity: An Argument for Bitcoin and Finite Supply

A world that uses Bitcoin (or another scarce  cryptocurrency) as a base currency could create a better, more innovative one. One could argue that the velocity of money is driven by the demand for luxury goods and services. On top of that, an economy is only as good as the labour within it. The money hoarder will exchange the hoarded currency if there is a good or service that he/she desires. If there is no desired good or service, then there is no reason that the money hoarder should put his/her money back into circulation. This will give the markets a reason to innovate and create demand for luxury goods and services. There will be less complacency in the markets as companies and industries compete for your money. A historical example of complacency is the Spaniards post colonization of America. After the Spaniards colonized the Americas, they inherited vast amounts of gold. What was once a scarce commodity was less scarce. Instead of boosting exports to create more wealth, S...
1 comment
Read more