Predicting BTS by the use of bit assets

Smartcoins or bit-assets use BTS as collateral. One would therefore be able to forecast the price of bts based on the supply of smartcoins.

Digging through coin market cap, I picked out the three major ones;

bitCNY

This is the major smartcoin per volume. And it is clear that the June high is not so far away. Recently it was added to Chinese exchanges which should add to the demand.

bitUSD

An almost identical pattern. Not as accented as cny, but still.

bitEUR

And finally euro shows a similar pattern. Not as great volume as the other two, but it's a confirmation the other two is not just a coincidence.

There are several things to learn from this

1. Investors are confident that shorting fiat is a good investment.

2. Circulating supply of BTS is getting back to June levels.

3. As a consequence, bts should be a good buy now.

Additional information

This is just a small selection of smartcoins available. There are many others. BitGOLD, bitSILVER and bitTWENTY, that has suffered from a black swan event during the summer should be up and running after the next software update, further locking up more BTS.

What's more, Bitspark will launch a bunch of new fiat pegged smartcoins. It's a real exciting move from them to move their business away from bitcoin and on to the bitshares platform.

HERTZ, an algorithm based smart asset should also be available soon. I'm guessing it is due in the next software upgrade and to me it looks like a killer.

And to top it off, the HERO which also is a smartcoin, will get the campaign launched. It's been promised for a while now and by the looks of it, things are starting to look like @stan &Co means business this time. The hero is in huge demand, so it looks safer to short it at the moment.

Adding it all up

With bitcoin in high demand, securing profits should be on every investors agenda. Using fiat pegged smartcoins is a great way to do just that. Add to it the hack of USD tether which has sent SBD soaring, should be a great opportunity also for others to add fiat pegged assets to their arsenal.

It is my firm belief that all these factors will come into play and increase demand for bts even Further.