Market data as of 11:15am, 14 August 2018
Disclaimer: The views and claims expressed here are not meant as an alternative form of investment advice. Every investment move involves risk, and you should consult professional financial advisors for guidance or conduct your own research before making a decision.
According to TokenInsight analysis, Bitcoin popularity has continued to decrease down to 0.0221%, which is a new record low for 2018. Meanwhile, the number of active address has also decreased by 22% down to 389,000 compared to this same period last week. BCtrend analyst states that due to the lack of capital inflow and decreasing mining costs, the downward trend is very likely to continue.
According to independent analyst Tommy Tang, mainstream cryptocurrencies dropped largely and reached new lows. The decreasing amount of Bitcoin is the lowest it’s been. Despite rebounding slightly after reaching $6,150, Bitcoin’s price is likely to continue to drop.
Block Asia Partner: TokenInsight https://tokeninsight.com/