15/05/2017
• 08.05.2017 - 12.05.2017 •
Top altcoin: LTC, SJCX, XCP
Altcoins depo: 30%
Altcoins profit: 12.2%
Total company trades: 1803
Total company profit: 6.32%
Total investor's profit Standard: 3.16%
Total investor's profit Top-trade: 3.34%
Welcome, investors and partners the company!
Another trading week came to a close and it's time to announce results of trade during this period.
For the week of May 8 to May 12 company traders have managed to earn 3.16% net income for Standard Investors and 3.34% for Top-trade investors.
Over the past trading week, bitcoin once again reached highs. The following records were set: Bitfinex - $1908, Poloniex - $1,900, Bitstamp - $1,892, BTC-e - $1,800. By the end of the week, the BTC price fell by 10% -12%, but we believe that this is a short-term dump necessary in the market for the growth to come.
We sold part of the BTC for $1855 - $1877 and are planning to buy again for $1500 - $1550. Part of the BTC are on sale for $1,937, $1949, $1994 and $2,145.
On July 1, following Japan, Australia will recognize Bitcoin as Money.
Ethereum traded for $85 - $92, but on May 9 the price fell up to $70 for several hours and returned back to $85. Part of our orders for the purchase of ETH/USD placed at $71 - $72. Our traders continue scalping deals with spread of 1% - 3%, which allows us to earn ETH steadily during the average volatility in the ETH/BTC pair.
As we see, with the sharp growth of Bitcoin, some tokens from the Ethereum ecosystem have lost in value to BTC - we recommend placing long-term buy orders 25% -35% below the current value of ERC20 tokens (GNT, SNGLS, DGD, VSL, etc). We believe these tokens will grow in value closer to the fall, when a multitoken swap protocol will be launched inside the Ethereum blockchain, which will make it easy to exchange different tokens.
Storj plans to migrate to Ethereum blockchain), which means that the SJCX token will also be released under the ERC20 standard. We believe that this event will raise the cost of SJCX by 75% - 150%.
LTC reached $39 after the full activation of Segwit, but returned to $27 in two days. It seems that the process of LTC accumulation continues, as users will need time before they feel all the benefits of Segwit.
We opened long positions on the Doge from 0.00000055 BTC. This cryptocurrency is undervalued, because it has the lowest commissions in the market. We forecast Doge growth for 200% this year.
We recommend traders and investors to take a closer look at RADS, low capitalization and a small number of coins make it an excellent candidate for a powerful pump. The acceptable rate for buying it is 0.00125 BTC - 0.00150 BTC.
In May 2017, the total capitalization of the Crypto currency exceeded $50 billion, and this is only the beginning! We believe that the market can gain capitalization of $100 billion in 2017, and $500 billion in 2018!
Invested in traders department:
BTC: 2817; ETH: 26504 ; 387,000 USD
Payed by traders department:
BTC: 2141; ETH: 19889; 181,000 USD
We thank traders for their work and congratulate investors with the profit!
Sincerely, Ethtrade team.
Read more: https://ethtrade.org/statistics/report/08_05_2017-12_05_2017
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