Gram tokens will not be sold through Liquid ExchangeJun 12, 2019
The current week started quite calmly: BTC is being held in the lateral price range of $7500–$8050. Most of the coins, with a capitalization of more than $1 billion, show a moderately positive trend, after a corrective decline the previous day.
Litecoin (LTC) remains the growth leader, while Bitcoin SV (BSV) is an outsider.
Cane Island Crypto, a crypto investor, draws attention to the pattern that has been revealed regarding the change in the BTC price over the first two summer months. If in June there is a fall, then in 100% of cases it continues in July. The growth of BTC in June gives a 75% chance of continuing this trend in July.
Since the history of BTC is too short, there is a high probability of changes in trends and correlations between months.
However, several analysts agree that the risk of a more profound corrective decline remains elevated. CryptoFibonacci notes a high probability of further reduce to a target level of $6500, while CoinDesk Markets does not believe in the ability of buyers to continue growth above $8000. Not only technical levels act as resistance, but also moving averages with periods of 50 and 100 (MA50 and MA100). An additional signal indicating the weakness of buyers is the intersection of MA50 and MA100.
Sale of Gram tokens
Earlier in the media, there was information that Telegram tokens will appear on the Liquid exchange on July 10, on the limited listing. The publication emphasizes that in July only a limited offer of coins will be available – for the general public Telegram tokens will become available only in October.
We highlight that the launch of the Telegram Open Network blockchain platform should take place no later than October 31, 2019. The issue and distribution of Gram tokens are planned for the same time.
On the website, Cointelegraph appeared a denial. The publication refers to an informative source, indicating that the decision of the Liquid Exchange has nothing to do with the official plans of Telegram. The source suggests the absence of any relationship between Liquid and Telegram.
Confirmation of the absurdity of the Liquid Stock Exchange’s wishes is the comment of one of the Telegram investors, who confirmed that no one has the right to sell tokens before their official launch following the signed agreement.
Mining Profitability of Litecoin
We highlight that Litecoin continues to rise in price on halving expectations. But despite a twofold decrease in the mining reward, it will remain profitable. Charlie Lee, the creator of “digital silver”, has published on his Twitter stats about the profit miners can expect after litecoin halving.
In particular, those who get coins on the Innosilicon A6 + device will earn $ 2.65 per day, and miners on Antminer L5 – $1.75.
Lee made calculations based on current prices, and also provided access to cheap electricity at a rate of $ 0.05 per kWh. The price of a kilowatt for break-even mining before the halving is $ 0.2, after a half-cut – $ 0.1.
Therefore, a further increase in the cost of LTC will increase the profitability of mining. We highlight that expectation of halving stimulates growth of the coin, even though the price of the other TOP 20 cryptocurrencies has decreased.