Trittium — Weekly Report #82

March 15 to March 22

Image for post
Image for post

1.- WHAT DID THE MARKET DO?

The market did the only thing it could do in the last seven days, survive. And that’s a lot, as perhaps the pain didn’t finish.

Crypto market has now 170,060 USD million invested, that is, 17,000 more than seven days ago (+11.11%).

If we check the Bitcoin chart, we can see we are now in a decisive point, as 6,000 level is hard to break. Most people are bearish, as the COVID-19 virus is taking to crash most of the economies, so BTC could also drop hard.
At the same time, Bitcoin is made for situations like this, when governments start to create fake money, and inflation will be higher and higher in the next years.

Image for post
Image for post

Another critical point here is how correlated is Bitcoin to the traditional financial markets. Up to now, crypto and financial markets have had different behaviour, but lately, we can check how both are more and more similar.

As an example, this chart.

Here you can see Bitcoin (Usual candle), SP500 (Green line) and Dow Jones Industrial (Lilac line) (Closed markets actually, as we are on the weekend).

You can see how all the markets have had the same behaviour up to March 19. Let’s see what happens next week.

Image for post
Image for post

If we look into the BTC dominance, market conditions took us to a considerable increase. People do not want to risk in this market. Actual dominance is at 67.06 and is again over the tendency line.

Image for post
Image for post

MASTERNODES MARKET

Dash increased his market capitalization this week, reaching 630 USD million, +44.49%, but remember that past week, Dash lost a similar amount -44.61%.

The total masternode market capitalization is now at 1,004 USD million.

Image for post
Image for post

If we check today’s data, we have:

Masternodes market 1,004 USD million (+22.21%)

Masternodes market excluding $Dash: 374 USD million. (+10.32 %)

About Trittium market capitalization, we are now at 191,353 USD
(+14.03 %).

With 225,000 nodes running, numbers are similar to the previous week.

2. WHAT DID TRITTIUM DO?

This was the order book on March 15:

Image for post
Image for post

And this is today, March, 22:

Image for post
Image for post

In summary:

  • The average trade price is similar, around 25 sats.
  • The buy orders book is similar, with 0.242 BTC in buying orders.
  • The sell orders book is similar, with 845,785 Trtt for sale.
  • We have now 55,600,000 TRTT (43.02%) coins locked, 2,200,000 less than seven days ago.

3. PROJECT PROGRESS.

  • Twitter: 1,175 Followers. (-9)
  • Discord: 8279 (+90).

PoCoN last week:

Burned: 120,953
Sent to investors: 40,000

  • Trtt total coins burned: 4,888,145 Trtt.

Burning address: https://chains.trittium.cc/TRTT/address/TRCryptoLifeDotNetBurnAddrXXX6gvik

4. trttNodes PROGRESS.

March 15, data:

Image for post
Image for post

And today, March 22:

Image for post
Image for post

Instant Masternodes Running: -34.
Cold nodes running: -569.
Investments: +17.

Last weeks graph:

Image for post
Image for post

Keep safe and stay at home.

Thanks for reading!!!!

You can also follow us on the networks below:

Discord

Twitter

Bitcointalk

Reddit

Written by

Tritium is a revolutionary intermediary platform that allows for fast and easy peer-to-peer loans backed by crypto collateral.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store