Market Intelligence - April 23

By Olasupo Okunaiya
We would like to thank our readers for their feedback and suggestions. Based on feedback gotten, we would start quantifying our trade analysis in terms of dollars as well. In that light, we will reference the closing price of bitcoin and CRPT when converting the value of CRPT from bitcoin to dollars. e.g assuming the closing price of bitcoin in a given day is $8000, then the trade volume of 8000 CRPTS in dollars at a CRPT closing price of 0.0001 would be $8000*8000 CRPTs * 0.0001. This would be equal to $6400.

That said, CRPT experienced an increased volume of trade to the tune of 371,900 CRPTs valued at $352, 620.48. The day opened high at 0.00010756 BTC ($0.96) and closed at 0.00010600  BTC
($0.95), thus closing as a bearish market. The highest trade was placed at 0.00010965 BTC ($0.98) and lowest trade at 0.00010113 BTC ($0.90). There was a total of -0.00000156 pip movement.

April 23 - Crypterium Market Summary

Trading behaviour seem to be normalizing with less than 1 percent of traders placing trades within the lowest price bands. Compared to the previous day, this is a further improvement in trade pattern. Majority of traders carried out their transactions within the middle band prices. This is the ideal trade pattern expected. However, there were more short positions than long, in the ratio 53:47. This explains why the eventual outcome of the day's trade is bearish.


Crypterium Trade Behaviour - April 23


Price slipped below the 0.000103 support created the previous day into the 0.000101 range as a result of short trades which accounted for barely 1% of the day's trade. However, 0.000102 price point served as a strong support, having been tested twice, bounced the price straight up to 0.000106 price range. The market closed bearish at 0.00010600.


April 23 - Price Chart


Thanks for reading, and we hope that the information was useful. Please drop us a comment. We would like to get your contribution and thoughts.





Comments

Post a Comment

Popular posts from this blog

A GUIDE ON HOW TO TRANSFER YOUR CRPTs TO YOUR CRYPTERIUM WALLET

By Olasupo Okunaiya
Image
After the Crypterium ICO which saw about 67,000 buyers of the CRPT tokens, the Crypterium team requested buyers to withdraw their CRPT tokens from its website. Majority users moved their tokens to a MEW (MyEtherWallet) address and have since not moved it out. Today, the Crypterium team have developed its app which currently has the functionality of a wallet. (among other things). The wallet's security is strong and meets the most current security requirements for mobile banks. Private keys are not stored within the app, thus making it absolutely impossible for phone hackers to gain access to them. Also, all database information are backed up on regularly basis, thereby making it difficult to loose vital information as a result of system crash or malfunction. Users are also required to enter secret pins (like password) in order for them to gain access into the app. Recently, the team shared the news of an upcoming update which will further reinforce the security of the app. Tha
Read more

CRYPTERIUM'S MOBILE TOP UP SERVICE

By Olasupo Okunaiya
Image
Beginning July 22, 2018, beta testers started receiving emails to test Crypterium's mobile top up service. This has seen about 200 testers go through the KYC1 verification process after which they have had the opportunity to test the top up service. There has been quite a number of positive feedbacks from the testers who have shown so much excitement in the outcome of the tests. We have captured a few of the feedbacks given on the Telegram group by some of the testers below: A techie tester, Aires Mendes, went an extra mile to do a video of the top up process. This gives us a good feel of how swift the top-up process is.  As expected of any beta test, there were a number of negative feedback as well. These were mainly around KYC1 application approvals.  We understand that the team have started working on making the KYC1 process smoother (b ased on the feedback from the community) . Part of the steps taken is ensuring that users immediately get emails in
Read more

Crypterium's 1000 Transactions Per Second Speed - Our Opinion

By Olasupo Okunaiya
In the recent AMA with the CCO, Vladimir Gorbunov, it was revealed that Crypterium has built an infrastructure which is currently capable of processing up to 1000 transactions per second...and promise to have that increased in the nearest future. We will do a comparism of the transaction speed of Crypterium with other payment technologies and crypto payment methods, in an attempt to understand the importance of this piece of information from Vladimir. BITCOIN - Due to the limitation of the bitcoin block to 1Mb, the average number of transactions that can be processed per second is just 7. This is too slow to be deployed as a global payment solution on its own, as it would mean people will need to take queues just to have their transcations processed. ETHEREUM - is a little faster at 20 transactions per second. However, this in itself, just like Bitcoin is not an efficient payment solution. PAYPAL - This is about 10 times the speed of ethereum at 193 transactions per second. Al
Read more