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Bitcoin SV (BSV)

Bitcoin SV Continues Its Trip To The Stratosphere as ‘Flippening Fever’ Catches On

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The cryptocurrency market has been enjoying a spectacular price surge of late, one that has been unseen for over 4 months. This rate of growth has not just accentuated the prominence of a bull market but has also been marked with significant strides taken by Bitcoin SV.

Bitcoin SV’s price jump of 185 percent has allowed it to break multiple records and climb to the fourth position on the charts. The cryptocurrency’s remarkable jump was noticeable because the second-biggest weekly gainer was Dash with a growth rate of 93.63 percent.

The hard fork of Bitcoin Cash has been receiving accolades from many with a majority also praising Calvin Ayre and Craig Wright. Although no concrete reason has been discovered to back this gain, many are just alright looking at the moon shot. At press time, Bitcoin SV was trading for $394.08, leaving behind Bitcoin Cash in fifth place.

The 104.54 percent growth on the 24-hour spectrum also allowed BSV’s market cap to climb to $7.12 billion. At the same time, Bitcoin Cash held a market cap of $6.2 billion. Another key factor of this growth has been at its sheer pace. Just 24-hour ago, BSV was trading for $171.8 post which the chart just showed a perpendicular climb. The neck and neck situation between BSV and BCH is being closely monitored by the entire community because of the much-hyped ‘flippening’.

Since the hard fork of Bitcoin Cash back in November 2018, BSV has always stayed below its compatriot and bitter rival, BCH ABC on the charts. Members of the community then coined the term ‘flippening’ to mark the event of BSV overtaking BCH, if it were to ever happen.  Some experts have even begun to shoot queries about naming the price phenomenon.

Although a majority of the industry believe that Bitcoin Cash price will hold on strong to the fourth place, there are still growing concerns in the BCH camp. They reasoned that despite the lack of confidence in Bitcoin SV, it had still managed to surpass high flyers like Binance Coin, EOS and Litecoin. This is the first time, however, that BSV has come this close to challenging its foe.

The price of Bitcoin Cash has also simultaneously increased, albeit at a much lower rate. BCH fans can take heart in the fact that the cryptocurrency was the second biggest winner in the top 10 club, beating out the likes of Litecoin and EOS.

Bitcoin Association adds Money Button CEO to its US ambassadors list

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The Bitcoin community was given a ray of newfound hope as the famous Bitcoin Association revealed that Ryan X. Charles, the CEO and Founder of Money Button, had joined their fold as an ambassador to the United States.

The cryptocurrency proponent has received a lot of praise for his new role, with many expecting him to bring about radical changes in the Bitcoin ecosystem. He has been a vocal supporter of Bitcoin SV with some of his applications using the cryptocurrency for payments.

Money Button also owns Yours.org, a social network powered by Bitcoin SV that allows creators to earn BSV easily. The organization believes that Bitcoin SV rectifies the problems with the original Bitcoin, which would translate into mainstream mass adoption.

Bitcoin Association President Jimmy Nguyen had stated:

“With BSV, we are finally able to show the business world what blockchain technology can really do to help any enterprise, large or small. Now, we are focusing more resources into specific geographic regions to educate and, indeed, demonstrate, what BSV can do today.

Nguyen continued,

Our Ambassadors are leaders in their country’s blockchain and technology industries, and their knowledge will further enhance BSV’s development as the global enterprise blockchain.

Charles was not the only crypto luminary to be inducted into the Association as he was also joined by Billy Rose, the co-founder of Twetch.com and Angela Holowaychuk, the Chief Executive Officer [CEO] of Squire Mining.

Twetch aims to provide advertisement-free social media applications with a focus on the user. Rose has claimed that BSV was chosen as the key foundation for Twetch because of the organization’s belief in the cryptocurrency’s interfacing capabilities.

Angela’s Squire Mining develops cloud computing data infrastructure and subsidiary technologies to applications that work with Bitcoin Core, Bitcoin SV, and other cryptocurrencies.

The Blockchain Association believes that the three new ambassadors will play a significant role in promoting Bitcoin SV and its advantages over traditional Bitcoin. According to the Association, BSV provides scalability because of its ever-increasing block sizes and numbers. The organization plans to expand its workings to new countries with the latest members being a part of that process.

The Bitcoin Association has not just been active in the States but also in Europe and the APAC nations as well. The European ambassadors were from Russia, Scandinavia, Germany, and Spain. The APAC ambassadors, on the other hand, were from Japan, South Korean, and Australia, three countries that have been frequent in the cryptocurrency news space.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Bitcoin SV is the most undervalued cryptocurrency of all, says a veteran crypto analyst

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Bitcoin and its forks have routinely managed to make news in the cryptocurrency space multiple times with Bitcoin Cash and Bitcoin SV going at each other in the cryptosphere as well as in the social media space. Just recently, Calvin Ayre, the infamous founder of Coingeek, tweeted in support of BSV by saying:

“BSV is best if it just stays steady and lets the ecosystem build.  there is no need for big price fluctuations now.  However, the token is the most undervalued of all since it actually has real utility value and the others are manipulated into vapor value.”

Ayre has always made it a point to boost BSV’s value in the Twitter universe and is usually backed by nChain chief scientist Craig Wright. Ayre’s comments came in the wake of Bitcoin SV holding at $112.757 after growing on Bittrex at a rate of 19.51 percent. At press time, Bitcoin SV was in the 9th position trading for $109.45. BSV had a market cap of $1.95 billion and a 24-hour market volume of $599.27 million. BSV was the single largest gainer in the top 10 club, with a 13.81 percent growth in the 24-hour timeframe.

BSV’s growth on the charts was thanks to upright spikes in value, shooting up from less than $100 to the $112 mark in the space of a couple of hours. Some users in the space were confident of SV’s performance with ‘spillthebeans’ commenting:

“What race? Bsv is the winner already what’s the point to argue.”

Looking at the charts, it is apparent that Bitcoin SV (BSV) has broken right below the short -term accelerated trendline as the cryptocurrency now trades at $108. Short term support is formed at $107 while the upside is limited at $114. The sudden increase in value has caused the cryptocurrency’s trading volume to increase by 44 percent to settle at $541 million, a stark rise from its earlier hold of $303 million.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Bitcoin SV to Surge 400% by May 2020, Predicts Self Claimed Satoshi’s Sister

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Lisa N Edwards, who is a sister to Dr. Craig S Wright, continuously details various aspects revolving around Bitcoin SV ( Bitcoin Satoshi Vision). She recently predicted that the price of Bitcoin SV would go up by 400%.

BSV will have an incredible time – Lisa N Edwards

We’ve seen Craig S Wright declaring himself as a Satoshi Nakamoto, the creator of bitcoin, however his sister says, she is very interested in what his brother is currently up to. According to her;

“He (Craig) has publicly said he will only hold BSV (Bitcoin Satoshi Vision) by halvening May 2020 though, and BTC had a lot of forks, so halvening will indeed be an interesting time”

Despite the controversies around BSV in the past, the coin still stands among the top 10 cryptocurrencies in the market. At the press time, the currency is plummeting with 1.10 percent within the past 24 hours, which declined its trading value to $122 against USD. Moreover, it is the ninth-largest cryptocurrency, capturing the market capitalization of $3,291,382,222.

According to Edwards, BSV has the proximity of rising with over 400% taking into account the short term probability (she probably thinks it can go up even more in the long-run). To shorten the whole prediction, she reveals $641 could be the reasonably short term price prediction for Bitcoin SV.

Moreover, speaking about her brother, she adds that she believes Craig has access to around one million bitcoin which he and Dave Kleiman mined. According to Calvin Ayre, it was because ‘Craig and Dave were working together a bit on creating the whitepaper.’ However, the amount is now locked up in the Tulip Trust which Craig can access after January 2020 as per the evidence presented at the court.

However, Judge Bruce E Reinhart who ordered Craig to pass on 50% of the mined BTC to a family that belongs to his former partner is unsure whether Tulip Trust even exists. He says;

“The totality of the evidence in the record does not substantiate that the Tulip Trust exists,” stated Judge Reinhart. “Wright’s testimony that this trust exists was intentionally false”.

Edwards further adds that the amount in BTC which Craig held is so much that if he puts even an accountable amount in the ninth-largest currency BSV, the price of the token will boom shortly. Having said that, she points, BSV in may 2020 will receive a massive boost. On a continuous note, she explained;

“If we look at history, and BCH to BTC at ATH (all-time high) – BCH was around one fifth of the price, taking into consideration the vast wealth and amount of BTC Craig owns and will have full access to after January 2020 and release of the Tulip Trust, it makes the mind boggle.”

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Is Bitcoin SV (BSV) network a total ghost town? A crypto expert says so

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It’s no secret that the coin the crypto community loves to hate did wonderfully well in May, the last month. Before that, Bitcoin SV (BSV) experienced some endless controversy, including being delisted from exchanges like Binance.

Well, folks, after an excellent run of BSV network now all seems not well.

Is the Network a Total Ghost Town?

Is it the right time to question BSV and some of its statistics? In case you’re taking a second thought on the questions to start with (if any), crypto experts have had theirs going hard on the network already.

Kevin Rooke, a cryptoanalyst, has had his say. A couple of days ago, on June 23rd, 86% of all the Bitcoin SV volume was as a result of 100 transactions that happened that day.

It’s merely a month after when BSV was among the best performers beating even the surge of the giant crypto Bitcoin.

And now, is BSV network an entire ghost town?

Apparently, it looks like the ideal time to even question the overall market value of the network that is $4.5 billion. Interestingly, that value has surged by 300% just in a span of the past 45 days.

Wait a minute, that’s totally insane, right? But what might have happened to start with?

Perhaps, some big holders might have moved without any exaggeration about 40% of the total supply daily, which jacked the mean value, making it look like its being used.

Or maybe are we getting something wrong regarding the numbers over the same issue? How many users are using the network? Several answers can be asked with only a few being answered as things stand right now.

However, given the fact that BSV top the best performers when the market started surging in May, it may be too early to pass judgments. Only the time can tell whether Bitcoin SV really turns out to be a total ghost town or a real deal.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Ripple (XRP) and Bitcoin SV in greens while the whole market struggles

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The past 24 hours have experienced volatile trading in the cryptocurrency market. Ripple (XRP) and Bitcoin SV have added to themselves to altcoins enjoying the green zone. The market cap of Ripple’s native coin, XRP, stands at $18,867,539,471 while the trading volume is $2,347,488,760 – the third biggest coin in the world is in green by 1.50% as we write this post. Bitcoin SV, on the other hand, has made to the top ten altcoins with a trading volume of $924,873,145 in the last 24 hours. Craig Wright’s cryptocurrency is up by a whopping 14% over the last 24 hours.

Bitcoin (BTC) price rose above the $9,000 mark only to dive its nose towards $8,500 level. Although the dive was experienced in a short time frame, the majority of the cryptocurrency market was hit by this volatility. Ripple (XRP) was among the affected altcoins but it went on to surge above $0.47. XRP managed to climb high above the 5000 SAT region. It is now using this level as support.

What Caused the Surge-back in the Price of Ripple (XRP)?

As TronWeekly analyzed earlier, the influx of positive news about XRP and Ripple has contributed to the price surge. Also, the announcement that XRP is available on Coinbase Pro for New York users has contributed to the stability, too.

The announcement made by Coinbase Pro sparked positive energy towards Ripple in investors. They believe that this was an indication that XRP will attract institutional investors from Wall Street soon. Although there was no substantial evidence that Wall Street will pour its money into XRP; investors didn’t want to let their fortune disappear. They started buying in bulk when the price was low. This, in turn, led to the cumulative buying pressure resulting in the rise in the price of XRP.

Bitcoin SV Spikes

Bitcoin SV (BSV) has marked a feat no one expected. Despite being delisted from exchanges like Binance and Kraken, the altcoin has managed to be the top gainer. This comes after it had dropped by over by 20 percent in a single day in April.

As of now, BSV occupies the 8th position from 15th spot. This is a massive 237% climb with the price ranging from $53.22 to $217.

Reasons for the Spike

Some are still wondering what exactly pushed BVC to such enormous heights? Nonetheless, some experts think it is because of the previous double bottom.

According to the Twitter user Will, the BSV climb was because of double bottom that took all buyers to stop from normal running. He says the correction is already in place and BSV should return to where it was in the few days coming up:

https://twitter.com/WILLIANSANFS/status/1134056112204988416

The Binance delisting news also contributed to the hype around Bitcoin SV, bad marketing works sometimes too. But in the change of events, it made some investors into believing Bitcoin SV was not worthy. After the upward trend, some had to change their views.

Another Twitter user writes,

“I’m debating on opening an account elsewhere to trade BSV. I have BSV on Coinbase I just don’t want to transfer it. I don’t want to write every transaction for the purpose of tax. Would love to spend some money please add BSV trading.”

The Bottom Line

It looks like the current wave is in favor of altcoins – but not all. Bitcoin SV (BSV) is the biggest winner. It has gained over 15% in a period of 24 hours. It remains a hot-bid in Asia. The currency is changing hands at $220 at the time of writing.

Cosmos and Ethereum Classic have also had a good run. They have gained over 5% in the past 24 hours trading at $6.67 and $9.48 respectively. While everyone else except Bitcoin SV including Bitcoin in the top 10 list is in the red, Ripple (XRP) is trading in green numbers.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.