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Bitcoin Market Cap Falls Below $100 Billion For First Time Since 2017

Daniel Chase

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Cryptocurrencies haven’t been feeling too hot the last several months, but the price of Bitcoin (BTC) has managed to consistently hover around $6000 per coin. Given that in 2017, coins were worth nearly $20,000, the value has been less than ideal, but nevertheless, the low volatility has kept crypto investors relatively calm. Unfortunately, this moment of relative stability saw its bitter end on Wednesday when Bitcoin (BTC) dropped 12% to a year-low of $5,390.12 per coin, according to CoinDesk. 

In the last 24 hours, Bitcoin (BTC) dropped below its $100 billion market cap for the first time since last October 2017. The cryptocurrency total market capitalization currently sits at $96 billion, but if Bitcoin’s (BTC) value continues to drop off, this number may decrease. As investors in the cryptocurrency space try to calm their nerves after this price action, many are concerned as to the reasoning behind this dip. Analysts in the space are placing the blame on BitCoin Cash, an offshoot of Bitcoin (BTC) itself is set to undergo yet another hard fork on Thursday, resulting in two separate digital currencies; “Bitcoin ABC” and “Bitcoin SV,” short for “Satoshi’s Vision.” 

For those unfamiliar with the history of cryptocurrency, Satoshi Nakamoto was the pseudonym used by an individual who released the first white paper describing what would eventually become the framework for cryptocurrency as we know it. Satoshi was furious with the fact that consumers were slowly being falling prey to the inefficacies of banks and other financial institutions. Nakamoto wrote that “commerce on the internet [had] come to rely almost exclusively on financial institutions as trusted third parties to process electronic payments,” and this nurtured dependence would ultimately lead to a fiscal downturn. With a P2P currency network that kept records of every transaction, banks were no longer needed and the era of decentralized currency was on the rise. 

Bitcoin’s (BTC) sharp decline caused the altcoin market to lose its collective minds, with valuations of the top valued tokens suffering double-digit percentage losses on Thursday. According to TechCrunch reports, Cardano (ADA) is down 14%, Litecoin (LTC) fell 13%, and Ethereum (ETH) dropped 12%. 

Though not directly in support of the altcoin market, International Monetary Fund head Christine Lagarde publicly stated her support of digital currency at a conference in Singapore. However, it is important to distinguish that Lagarde believes digital currency should be regulated and offered from central banking institutions. 

“I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy. The advantage is clear. Your payment would be immediate, safe, cheap and potentially semi-anonymous…And central banks would return a sure footing in payments. ”

Christine Lagarde, Head of the International Monetary Fund 

While Ms. Lagarde’s comments are not directly in support of cryptocurrencies, in fact, her rhetoric almost directly contradicts the intention behind them, her sentiments may give Bitcoin (BTC) and other struggling altcoins the footing it needs in the global market. The underlying technology behind digital currency aligns with what Lagarde believes central banks could strongly benefit from implementing, but the anonymity behind crypto trading presents a safety concern, albeit intended, that regulators will have to find ways to work around. 

Interestingly enough, like cryptocurrencies, state-sponsored digital currencies is not a revolutionary concept. Lagarde pointed out in her speech that centralized financial institutions in Canada, China, Sweden, and Uruguay have been toying with the idea for quite some time. 

Ms. Lagarde’s comments indicate a significant shift in the global perspective surrounding the potential opportunities that Bitcoin (BTC)  and its fellow tokens present. It is for this reason, among others, that despite the recent upset surrounding the dip in the altcoin market, crypto investors are still confident that the future may have significant profit in store. 

“For their part, cryptocurrencies seek to anchor trust in technology. So long as they are transparent — and if you are tech savvy — you might trust their services.”

Christine Lagarde, Head of the International Monetary Fund

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Stock Price Must Read Articles To Kick Start Monday, March 25, 2019

Joe Samuel

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Tech Delivering The Future

In this day and age, people are busier than they’ve ever been before, whether that be the effects of one’s inability to regulate a work-life balance, or because they truly enjoy living without free time, it doesn’t matter, people still need certain products and goods to survive. Click To See Which Company Is Leading The Charge On This Emerging Industry

The Weekly Recap 3/24/19

 The only chance we have at controlling the future is by taking in the past and using it to guide us in the present. With that being said, let’s venture down the road of yet another weekly recap. Click Here.

Virtual Care Will Improve Patient Access

What’s astounding about virtual health tech is that it allows providers to broadly expand their ability to treat more patients, allowing for a more connected, coordinated care framework. See For Yourself, Click Here.

Click here for full disclaimer.

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Trump 2020 Reelection Odds

Daniel Chase

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We like to think that we have all the answers, but, in actuality, nothing is certain except for death, taxes, and having some foul-smelling flatulence after consuming dairy. The notion of predicting the outcome of an event is as likely as someone traveling to Las Vegas and cleaning out every casino for all they’ve got; it’s simply improbable. Be that as it may, when it comes to conjecturing the outcome of presidential elections, this is something that we enjoy getting involved in. 

For any person, place, or thing that proudly identifies as an affiliate of the Democratic Party, the 2020 presidential election brings up the potential fear that President Donald Trump will be reelected, securing another four years of executive orders, harsh immigration reform, and too many tweets for any one man to handle. In 2008, when America endured the worst economic downturn since the Great Depression, everyone looked for someone to blame and, for better or for worse, people chose President Barack Obama. Historically speaking, voters hold the president accountable for the state of our union and, based on the performance of the country around election season, an incumbent may secure their spot for reelection. 

First of all, to predict that any candidate, Democrat or Republican, will win the election is like trying to call the winner of a marathon before the race has even begun. I’m well aware that excitement is brewing in advance of the Iowa Caucus, but we are at least one year away, maybe more from any major presidential event. Everyone needs to take a huge breath, perhaps a chill pill, and calm down. 

Now that we’ve all collected ourselves, let’s continue. Over the course of Trump’s first two years in office, his approval ratings have been abysmally low. At his very best, per Vox’s statistics, Trump was seven points more unpopular than popular. 

“Trump’s poll numbers are probably 20 points below where a president would typically be with consumer sentiment as high as it is now. So here, then, is what we can say: Judged on the economy, which is the traditional driver of presidential approval, Donald Trump’s poll numbers should be much, much higher than they are now. Far from finding a winning strategy, he seems to have found a losing one despite holding a winning hand…”

Ezra Klein, Vox 

To summarize Mr. Klein’s beautifully written words, if we solely based his chances for reelection based on the current state of the U.S. economy, then Clotho, Lachesis, and Atropos might tell us that we’d have four more years of Trump. With that said, President Trump has done a solid job of  making sure that few people like him. Once glance at both his personal/presidential twitter accounts will show you that President Trump isn’t afraid of speaking his mind, even it his words insult millions of people; immigrants are his favorite group to target. 

President Donald Trump’s reelection is uncertain, this much is true. Considering that Americans will know, relatively soon, whether the Trump Administration colluded with Russia to help then-candidate Donald Trump secure the election. I’m not a betting man, but if Special Counsel Robert Mueller proves, in his report, that Donald Trump did something wrong, it’s unlikely that he’ll win reelection.

When he ran in 2016, Trump had never held a position of political power. He was an entrepreneur, if you feel comfortable using that title, and had his own reality television program. No one could’ve guessed, back then, that he would announce plans to run for president, let alone beat out highly-qualified candidates in the end. It is for this reason, among many, that I will not rule out the chances of Trump’s reelection in 2020, purely because this man has defied logic before and could possibly do it again. 

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Tech Delivering The Future

Daniel Chase

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Somewhere along the line of human existence, a person decided that we deserved to have everything we wanted, at any time, from anywhere, and all we needed was technology to allow for this to take place. Suffice to say that engineers and brilliant minds took this concept and ran with it because, amid the ever-growing tech industry, we have an entirely new category of innovation which supports our on-demand economy; delivery apps. In this day and age, people are busier than they’ve ever been before, whether that be the effects of one’s inability to regulate a work-life balance, or because they truly enjoy living without free time, it doesn’t matter, people still need certain products and goods to survive. 

Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

Enter the era of the delivery app, a newfound system in which consumers can  shop for groceries, clothing, cannabis, and more all from the comfort of their smartphone or internet-enabled device. People no longer need to spend precious time traveling to the store, trying to find what they’re looking for, waiting in line to pay, and leaving with a feeling of frustration at the time that was wasted. Delivery tech companies were created for the sole purpose of making life easier for consumers, but in pursuit of these goals, the delivery tech industry completed altered how people live their lives. According to recent reports, by 2023, the global food delivery mobile app market will reach a value of $16.61 billion. 

ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) is one of few delivery app companies that has managed to figure out the secret sauce for improving the quality of life for consumers through sound logistics and ease of access. The Company created an on-demand platform where consumers can purchase nearly any product they can imagine, pay for their order, and, within the hour, a ParcelPal courier will deliver their order. The Company has made a name for itself in the delivery app market because of their platform’s ease of use and the alleviation of stress for consumers who simply don’t have the time to travel to the store, wait in line, and head home.

Earlier this week, ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) made headlines when they announced that their platform has crossed a major milestone of completing over two million deliveries. Not only does this update show that the Company is clearly doing several things right, but more so, it’s an indication that ParcelPal is well on their way to becoming a top on-demand delivery company in Canada and soon the United States. 

ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) shared earlier this month that they are in the final stages launching their medicinal and recreational cannabis delivery initiative in partnership with Choom and Kiaro. This delivery initiative is expected to commence in April 2019 and anticipated to open new markets and drive additional users to the platform.

“We are extremely excited to have achieved this major milestone. Our growth in 2018 was tremendous and our team has grown significantly. We are looking forward to a successful rollout in the cannabis industry amongst other verticals in the coming months across Canada with existing and future partnerships.”

Kelly Abbott, Chief Executive Officer, ParcelPal 

Midam Ventures has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG).  Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares. Please click here for full disclaimer.

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