Crypto statistics and trends #3 – post Consensus stats

Crypto statistics and trends #3 – post Consensus stats

We are now one week after Consensus 2018. After the conference, after which everyone predicted big bull run. Big shopping fever. Due to the information about new partnerships, progress in development of several cryptocurrencies, FOMO etc. But what is the reality?

Let’s check what happened to Altcoins who announced new partnerships, and the king himself – Bitcoin of course.

Bitcoin (BTC)

Bitcoin price fell down by 5,11 % this week, so there isn’t any bull run visible. Now we have a price around $ 8290 but the price was even below $ 8000 on Friday, so maybe we need to wait a bit.

Wanchain (WAN)

Partnership with Pundi X will have an impact in the future, but the 19 % drop in 7 days is not good for Wanchain investors. At least for those who don’t want to HODL this coin for a long time. Actual price is $ 5.63, what is 68k Satoshi.

PundiX (NPXS)

4 % drop is not as bad as Wanchain drop. The actual price of NPXS is 128 Satoshi, but NPXS is still waiting for some bigger exchanges to list it.

VeChain (VEN)

New partnerships with Bright Food and Shanghai Xiandao Food didn’t bring any positive price action yet, 15 % drop is not a good signal, but VEN still grew in price by 11,76 % last month, what is not bad for the bear market. Actual price is $ 4,31, what is 52k Satoshi.

ICON (ICX)

Can we say that partnership with Samsung and Line brought to ICON anything good? Well, you can buy it 22 % cheaper than a week ago! For $ 3,29, what is 39k Satoshi, sounds like very decent price right now.

Dragonchain (DRGN)

Dragonchain is in strong downtrend from January and nothing new brought announced partnership with Sirqul. The price felt down by 10,65 % in a week, the price is around 86 % below ATH (in USD price, BTC drop is „only“ 75 %). This means if you will invest to Dragonchain and it will come back to the ATH price, you can get almost 7x. Actual price is 9k Satoshi, what is $ 0.75.

I don’t say that Consensus 2018 will have no effect on cryptocurrency price, but it will have a delay. Maybe few weeks, maybe few months. But surely its good to have such a conference where you can get a lot of information in one place and many developers can find the inspiration and sign new partnerships.

Sometimes big announcements about new partnerships bring swift price action, but it depends on the market situation and the investors’ appetite also. In the bear market, everyone is a little bit cautious than in the bull market.

Disclaimer: This is not financial advice, I am not a financial advisor. Please do your own research in every topic. Never invest your bread money.