Quick Summary
1. EBTC Could Be Confirmed For Kucoin In Less Than 2 Days
Kucoin is currently hosting a vote for a new listing. On the 18/19th of January, when the vote kicked off, it seemed as if Tron might win the race, however Kucoin (surprisingly) overtook Tron in votes. Since then and over the last few hours, the relative gap between Kucoin and Tron has steadily risen.
2. Twitter Sentiment
While some smaller Twitter accounts suspect market manipulation, the sentiment of most seems to be positive. There is a debate around the reason behind Kucoin winning this race over Tron. This is due to the sheer difference in trading volume between Tron and EBTC (Tron = Billions & EBTC = a few Millions). Then again it is likely that many Tron followers/investors aren't deeply engaged with their investment, and with EBTC this situation appears differently. It could be that there is a general consensus in the market about the potential benefits of listing an exciting low-cap project vs a 'perhaps overpriced' project.
3. Price Movement
EBTC is currently trading around 12800 satoshi. This is a gain of more than 120% in the last 24h. EBTC is valued just over $30M.
The EBTC price was immediately affected by information of the potential addition on Kucoin, with close to x4 gains in the last 48h ago. However, as can be seen in the graph below, over the last few hours a breakout occured. Given the uncertainty around the Kucoin addition there could be a buy-in opportunity over the next 24-36 hours. The last major support level will likely be at 7000 satoshi. A stacked purchase from 9.5k satoshi to 7k satoshi should yield positive results if the addition happens. In that case, an opportunity for a partial exit around 18000 satoshi could present itself soon.
4. Additionals
Please note that this article solely represents my interpretation of information that I gathered. As always, do your own diligence.
More Of Mine on Updates and Analysis
I analyse a varity of coins, from $2M to projects with marketcap in the billions. If you'd like to read up on other recent articles of mine, below are a few quick links.
Please note that SteemIt has not added support for opening links in new tabs. Right-click tab open will work. Right click here and support the feature request post for this potentially very useful feature, which is simple to implement. This request was lodged over a year ago.
Wild Crypto (WILD) | Analysis & Sentiment | 19th Jan 6pm UTC | Valued At $11M And About To Explode
Tron (TRX) Technical Analysis | 17 January | Potential Breakout Imminent
Tron (TRX) In-Depth Update On Events From January 5-8 2018 And A Look Ahead
Saw you on twitter so gave you a welcome upvote!
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Much appreciated!
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I encourage a discussion on my articles. Leave your opinion, and I'll make sure to get back to you. Looking forward to opinions.
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Some additional information from 3 hours ago. More good news.
https://twitter.com/eBTCFoundation/status/954788030866272256
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Also (here) an interesting perspective from an experienced Steemer and early EBTC HODLer! Article from 21st Jan 1am UTC
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Yes, I read that too and I too told you that somehow I got a good feeling about eBTC ;-)
BTW, do you have some FLIXX:
https://steemit.com/dtube/@cryptoclick/dtube-watch-out-flixxo-is-coming
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