Weekly Noob Look at Crypto Market #8 - Building Walls!

in #markets5 years ago (edited)

The past week was very quiet... No big moves, no big drops... It's a sign that next week will be probably turbulent...

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The past week Bitcoin price was going more-less sideways... Up to $8400 and then down to $7900, as it is traded at this moment... It's almost exactly the same price as it was when I was writing the last weekly noob look... I was watching some YT videos and prediction for the next week is that we are going up... But, I would take that with a big reserve, because there are also predictions that we have to test that bottom around $5400... So, we will see what happens... and it looks, very soon...

Almost the same situation is with the ETH/USD graph, with a slightly better look... A week ago it was traded at $165, and now it's at $170... On the other side, ETH is getting value regarding BTC and now it is around 0.0216 BTC per coin, and last week it was 0.021 BTC. It is slowly going to the upside, but we will see how it will do if BTC gains momentum.

Our STEEM is holding great! Going up in STEEM/BTC value slow and steady... It was around 1600 satoshis and now it is almost 1800, which makes the growth over 10% in just one week period! And regarding USD it's around 14c which is also a great thing.

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CTP token was traded from 0.03-0.058 STEEM (a little bit lower than last week), and it was all about building the buy walls around 0.03... It looks that buyers don't want to pay more for the token, and, on the other side, regarding the low trading volume, it looks that sellers don't want to sell under the 0.058 STEEM per token. The circulating supply is 455,565.103 CTP tokens and the last 24h volume was low: 22 STEEM / $3.06.

DEC token had a more stable period past week (regarding the turbulent before) and it was traded between 0.0064-0.0073 STEEM, with a circulating supply of 79.516M DEC tokens and the last 24h volume was 9,730 STEEM / $1,384.73.

PAL token is not having a good time last few weeks... It has again dropped in value and traded for 0.072-0.075 STEEM, with circulating supply is 15.56 M PAL and the last 24h volume was 480 STEEM / $68.34.

SPT token had again a nice bump in price, and it was trading around the price of 0.006-0.007 STEEM per token. Circulating supply is 23.393 M SPT and the last 24h volume was 64 STEEM / $9.19.

LEO token is doing OK, the price has dropped a little and I have used that moment to buy some. It was traded around the 0.15-0.18 STEEM. Circulating supply is 4.131 M LEO and a 24h volume was almost the same as one week ago, 422 STEEM / $60.13.

I have staked almost what I have planned for... Maybe I will buy a little more LEO to get over those 3000 staked tokens. Thinking about PAL tokens and what to do with them, but, I will probably leave as it is... Also, I have bought some GG tokens, and I will maybe start with staking them... and maybe also curate on their platform.. will see..


My staked tokens summary (this week - last week):
CTP token - 10932 (9360)
PAL token - 742 (739)
SPT token - 12100 (11743)
BATTLE token - 7560 (7503)
LEO token - 2925 (2155)

ph


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That's some really nice progress in staked tokens @ph1102, and great to know that there is a buy wall acting as a floor for CTP, thanks for the update and stay awesome.

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Thanks for your comment @flaxz... Will do my best to get more staked coins and contribute more in the community...

Sounds like a great plan, my next target is to get over 7000 CTP this week and then onto 10000 before the end of the month, stay awesome.

Sounds like a good plan... and it's doable... ;)

Thanks for the update Professor :D

You are welcome Dr. D.Tube :P

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