May 26, 2020

Twitter Bitcoin Mentions Now Almost Exactly Mimic Market Cap Dominance

May 26, 2020 boss

Bitcoin (BTC) the most mentions on Twitter may seem logical — but the reason behind it may be more calculated than many imagined. According to the latest data, Bitcoin’s popularity on Twitter by the number of tweets is not only the highest of all the cryptocurrencies — it is proportional to market cap. BTC clings to 65% dominance For May 26, Bitcoin tweets numbered 26,778. Tweets including six others — Ether (ETH), XRP, Litecoin (LTC), Tezos (XTZ), EOS (EOS) and Chainlink (LINK) — came to roughly another 13,000. Out of…

Thailand Turns to Blockchain to Boost Renewable Energy Push

May 26, 2020 boss

Thailand is teaming up with a blockchain firm to encourage peer-to-peer trading of renewable energy. Announced on Monday, Thai Digital Energy Development (TDED) – a public-private joint venture – has inked a deal with blockchain energy startup Power Ledger to develop a blockchain-based digital energy business. The deal, also in collaboration with energy suppliers in Thailand, seeks to develop solutions for peer-to-peer energy trading and environmental commodity trading, Australia-based Power Ledger said in a press release. Ultimately, the partners aim to assist Thailand’s drive to hit a 25% renewable energy…

Stop Waiting for Another Stock Market Correction. Do This Instead.

May 26, 2020 boss

Investors are patiently waiting on the sidelines for another downturn so they can buy stocks cheaper. What if it the correction never comes and the stock market goes back to all-time highs? Smart investors should at least consider the fact that we really are back in a bull market for stocks. Everyone is waiting for the stock market to come back down again. I get it. Wouldn’t it be great if the stock market fell just one more time so you could buy the dip? Even the billionaires are sat…

Bitcoin Must Break $9,100 To Avoid A Major Downtrend: Here’s Why

May 26, 2020 boss

Bitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend. Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels. The price must settle above the 100 hourly simple moving average to avert more losses. There is a key bearish trend line forming with resistance near $9,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline…