Market Update 2.22.19 – Overstock CEO’s Prediction Revealed

| Publish date: 02/22/2019
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Overstock CEO’s Prediction Revealed

The CEO of Overstock named Patrick Byrne strongly believes that a market boom is on its way towards tZero, which is basically his very own trading platform. In an interview, the executive claimed that volumes are expected to skyrocket following the lock-up period for the tZero Preferred tokens, which took almost a year.

The platform is also expected to open up to retail investors in order for them to both register and trade. As of press time, only accredited investors are able to enjoy its benefits. The daily volume on Byrney’s platform is said to experience a fluctuation between 7k and 30k units of TZDROP.

Read the full report here.

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A Digital Asset Head Steps Down

It seems the controversy around the enterprise blockchain firm called Digital Asset (DA) continues. This is most especially following the revelation that Gavin Wells is going to step down from his position as head of Europe. His departure, according to the announcement made, is expected to happen come next month.

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The head of business development for the aforementioned country named Oliver Hugh-Jones is going to assume all of client-facing roles and tasks left by Wells. The latter’s departure, in particular, is not really something new. It was, after all, already reported by a financial industry publication earlier this month.

Read the full report here.

University Michigan’s A16z’s Crypto Fund

The University of Michigan is strongly looking to further its investment in a16z, which is crypto fund owned by Andreessen Horowitz. As per the a board of regents meeting agenda, the university previously promised at least $3 million to the latter’s $300m-worth cryptocurrency fund sometime in June last year.

The educational institution is also looking to follow-up some investments, though it did not necessarily reveal an exact figure. The meeting agenda also suggested that there is a need for a completely separated thematic fund, especially with the rise of opportunities pertaining to cryptocurrency networks.

Read the full report here.

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Total Market Cap: February 22

The crypto’s trade volume in the market reached a figure of around $24.03 billion. But when it conquered its market’s capitalization, it was successful in reaching at least $134.58 billion.

Bitcoin Price Analysis: February 22

Bitcoin the leading digital asset, got a trade jump of 0.41% and a price of $3,983.60. If one is to talk about the crypto’s trade volume aspect, it overwhelmed a figure of $7.39 billion. But when stressing the highly expected market hit, it succeeded in throwing a figure of $69.91 billion.

Ethereum Price Analysis: February 22

In the past 24 hours, Ethereum’s price had a jump in its trade to 1.05% and, therefore, it dealt at about $147.76. Now, as for its trade volume, it was roaming around $3.65 billion and its capitalization at $15.51 billion.

State of the Top 10 Cryptocurrencies: February 22

Following the 24 hours scope, most of the prices the top 10 most leading digital currencies jumped, except for XRP and Tether’s. Meanwhile, Binance Coin finally took the 10th place away from the digital curreny named Cardano.

  • Bitcoin’s price in the market was effectual in soaring to 0.41% leading to a market price of $3,983.60. Also, the market value got a considerable figure of $69.91 billion.
  • Ethereum’s market price jumped to about 1.05%, resulting to its price of a minor boost to $147.76. In the meantime, the value when speaking about it in the market only clutched $15.51 billion.
  • XRP’s market price failed in gaining a price jump; hence, the 0.83% fall and $0.321021 price. The same thing can be said for its market value, which was around $13.26 billion only.
  • EOS’ market price was able to jump and reach 0.70%, ensuing a price of $2.84. When speaking of its value in the market, the token was said to be successful in hitting $2.57 billion.
  • Litecoin displayed an incredible market price jump of about 0.70%, facilitating a price range of $49.68 and a market value of around $3.00 billion.
  • Bitcoin Cash was not prizewinning in carrying its market price to a prodigious figure, thus accumulating $144.62 after the percentage jump of 1.1%. When it comes to market value, the crypto came up with around $2.55 billion.
  • Tether followed the list after but it fell about 0.39% to $1.00. This also meant that its market cap plummeted to $2.03 billion.
  • Stellar’s market price jumped to 0.03%; hence, it price came $0.089617. For its market value, it offered roughly $1.72 billion.
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