Bitcoin

Here Are Today’s ICO Winners: Wagerr (WGR) and SunContract (SNC)

Published

6 years ago

November 30, 2017

Bitcoin is correcting right now and has taken a pretty substantial hit subsequent to reaching all-time highs during the session yesterday. Some of the smaller tokens, however, are picking up strength against the grain.

Here is a look at two of the biggest upside movers of the last 24 hours in the cryptocurrency space with a discussion of what’s moving each and where we expect the coins in question to go next.

The two coins we are looking at as part of this discussion are Wagerr (WGR) and SunContract (SNC).

So, first up, Wagerr.

Over the last 24 hours, WGR has risen by just shy of 25% and currently trades for a price of $0.08 a coin. This is up from an ICO price (back in July) of $0.65 a piece – a 24% appreciation and very much in line with the one we have seen over the last 24 hours.

When you expand the timeframes out to seven days and 30 days, the numbers come in at 21% and 63% respectively. Taking a look at this one from an overarching perspective, therefore, Wagerr seems to be very much on the up and the latest run is in line with the longer term bullish trend for the cryptocurrency.

So what’s driving this action?

First, for those not familiar with this coin, Wagerr (the company) created a sports betting blockchain and called it Wagerr and, on top of the blockchain in question, created a token called WGR.

The token was primarily created so as to facilitate an initial coin offering (the above-mentioned July issue) but can also be integrated with the platform as a sort of value-added asset and it’s this integration that drove much of the buying volume when the ICO first took place.

So what happened recently?

Well, over the last couple of days, we got confirmation that the company’s sports betting network, both the mainnet and the testnet, will launch on January 15, 2018.

This is the launch that the ICO was set up to facilitate and it looks as though markets are buying up on WGR on the company’s confirmation and, in turn, the suggestion that it is executing against its roadmap and that valuation should increase once the network is live.

There’s a good chance we will continue to see this one appreciate heading into go-live date, meaning there’s probably some further upside between now and the start of next year for anybody looking to take a position in line with the overarching upside trend.

Moving on, SunContract.

This is actually one that we took a look at earlier on this week, with the token making our list of biggest ICO losers on Tuesday. For anybody looking to get a bit of background on the coin, it’s worth reverting to our previous coverage, available here.

By way of a brief introduction, however, this one is set up as a clean energy type payment system and, over the last few months, it’s really started to gain traction in the market and appreciate in value. Earlier this week, however, the coin took a hit.

We concluded that the downside action we were seeing was likely symptomatic of shorter-term profit-taking and that we would almost certainly see a return to the upside momentum once the profit-taking subsided.

And that’s exactly what has happened.

SNC is now up 10% over the last 24 hours and a huge 209% over the last 30 days. We think this one has a strong run at success and, in line with this statement, we think it could make a nice long-term allocation for anybody looking to pick up an exposure to the energy side of this sector.

As the recent action has shown, there’s always the potential for short-term corrections but these can be seen as buying opportunities so long as, fundamentally, the company continues to expand its reach.

We will be updating our subscribers as soon as we know more. For the latest updates on WGR and SNC, sign up below!

Bitcoin

Bitcoin Price Dumps Below $41,000 Amid Uncertainty

Published

4 months ago

December 18, 2023

Crispus

Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

Bitcoin

Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

Published

4 months ago

December 14, 2023

Crispus

Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

Bitcoin

Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

Published

5 months ago

December 6, 2023

Crispus

Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…