6/04 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin Rhodium – Huge, High Volume Breakout to .0027, On News Of New Exchange Listing
After a weekend of incredible price resilience – that by Sunday night, had the feeling of potential FOMO – I wrote this morning that after weeks of absorbing incredible amounts of SCANT supply below .002 BTC/XRC (about an $8 million market cap), it was on the verge of a major breakout above said level, that for weeks I have claimed to be a KEY inflection point.
It didn’t take long – especially when a large block was taken out at that level, prompting a high-volume surge to a multi-week high of .0027, which is especially relevant since the price of BTC has risen significantly since.
Some will say this morning’s surprise announcement that yet another exchange, WhiteBit, will be listing BRhodium shortly.
https://twitter.com/WhiteBit6/status/1135511114802958336
However, I’d say it is more about said SCANT supply being exhausted – at a time when, now that CMC’s DATA alliance has FINALLY revealed why XRC’s “circulating supply” has not been updated (thus, enabling a market cap ranking), its devs have made it TOP PRIORITY to list on at least one of the 22 CMC endorsed exchanges.
Not only that, but even p2pb2p, which caused a crisis of confidence in the wake of the Binance hack – by having XRC deposits and withdrawals closed for a week, and BTC withdrawals for two – is back to normal, for nearly all coins. Moreover, it has made it clear that by CMC’s June 14th deadline for compliance with its DATA alliance, it aims to be compliant – which would be quite ironic, as this would enable CMC to update the circulating supply level…BEFORE any major exchanges are even listed!
https://steemit.com/andyhoffman/@andyhoffman/brhodium-s-p2p-crisis-is-over
But in the big picture, what’s REALLY going on is that the Bitcoin Rhodium project is exploding – with new investors, miners, mining pools, exchanges, and Ambassadors…atop the inevitable CMC market cap ranking, equally inevitable Trezor incorporation (at its next firmware update); and oh yeah, the next Strong Hands snapshot on July 7th. This WHALE COIN is incredible scarce – and the recent heavy selling just made it a LOT scarcer, and a LOT more tightly held.
By year-end, I fully expect XRC to challenge its ATH of .01 BTC, which it achieve just six weeks ago (also on high volume), when its fundamentals paled in comparison to where they were today. And oh yeah, BTC was just $5,000.
Bitcoin Rhodium currently trades on p2pbp2.io, Trade Satoshi, Fat BTC and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.