Crush Crypto Weekly – July 1, 2017 - Crush Crypto

Crush Crypto Weekly – July 1, 2017

Market Insights

What a week! Bitcoin was down by 3% and Ether dropped 12% compared to last week but it doesn't describe the swing during the week. Ether price dropped to as low as $210 for two days in a row, shot up to $320 within two days, before dropping back down to around $265 to end the week. Similar thing happened to Bitcoin but with less volatility.

The price swing we experienced this week really reminds us that crypto is a VERY volatile asset class and is not for the faint of heart. It is important to focus on the fundamentals when it was all gloom and doom. Here is a famous quote from Warren Buffet I'm sure you have heard of: "Be fearful when others are greedy and be greedy when others are fearful".

Bitcoin Ethereum Price Chart

Winner of the week – Gnosis (GNO) (+43% during last 7 days)

  • Didn’t seem to have any particular catalyst for the run-up.

Loser of the week – Numeraire (NMR) (-40% during last 7 days)

  • NMR was newly listed on exchanges. There was a lot of hype because it didn’t go through the traditional ICO route for generating the tokens.
  • NMR was highly volatile and actually went up to as high as $150 mid-week before settling down to $54.

Developments in the Cryptocurrency World

World Economic Forum published a whitepaper on “Realizing the Potential of Blockchain”:

Nvidia to launch graphics cards specifically designed for digital currency mining:

Blockchain set to disrupt aviation within 2 years claims Accenture:

An easy to read article on scaling Ethereum:

A slideshow explaining Ethereum’s transition to PoS:

Vitalik on Ether inflation going forward:

Articles From Crush Crypto

Analysis of ICONOMI Token:

Analysis of InsureX ICO:

Analysis of DENT ICO:


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