Time to Exchange | One Week to Halving
Written by tojukaka
Time to Exchange brings you market analysis and news from the TokenPocket ecosystem and beyond.
TokenPocket is a multi-purpose and multi-blockchain app that comprises of a wallet (TP Wallet), an exchange (TP Exchange) and a dApp browser, through which TP users can store and trade cryptocurrencies and gain secured access to decentralized applications on the major blockchains. TokenPocket currently supports Bitcoin, Ethereum, EOS, Tron, BOSCore, IOST, Cosmos, and Jingtum. More blockchains and cryptocurrencies will be supported in due time.
Market Analysis
Bitcoin halving is almost here. In less than seven days, Bitcoin’s block reward will reduce by 50% from 12.5 coins per block to 6.25 coins per block. There is a lot of pre-halving excitement and it’s very much represented in the market.
Last week, the price went up from its weekly low of $7,700.20 USD, broke the psychological barrier at $8,000, and went on above $9,000 until it got to a weekly high $9,440.65 USD on April 30, 2020. On that same day, it fell back down to the $8,000–$8,500 range and remained in that range for a while. On Monday, Bitcoin crossed the 50 EMA and showed signals of a bearish trend. Many traders anticipated a major halving dump but this bearish tendency didn’t hold for long as its price quickly recovered.
At the time of writing this post, Bitcoin is trading at $9,032 and the general market sentiment is bullish. Will Bitcoin make another massive pump?
News
10,000 followers
Because of your support, we reached a major milestone on Twitter last week. We got 10,000 followers!!! Thank you for following us and for using TokenPocket. If you are not yet following us, then join the tribe on Twitter because that’s where the magic happens.
JUST Monthly airdrop
JUST is the first decentralized lending platform in the TRON network. It comprises of two tokens: JST and USDJ.
TokenPocket users who hold at least 100 TRX on their wallet will be eligible for a monthly airdrop of USDJ for 2 years. For more details about the airdrop, click on this link:
Block.one wins patent for a way to incentivize positive feedback on social media platforms
The U.S. Patent and Trademark Office granted Block.one a patent on April 28. The patent is aimed at providing a method to incentivize social media users to give positive feedback like upvotes, likes, and comments. It contains a description of a new bidding system that will give exposure to people who interact with a post.
Bitcoin holders can use their BTC in the EOS ecosystem
Provable announced the release of pBTC, an EOS-compatible version of Bitcoin, on the EOS blockchain. With pBTC, Bitcoin holders would be able to use their BTC throughout the entire EOS ecosystem, including all DApps.
Time to Exchange
Last week, we asked you to share your predictions for Bitcoin price. One of the best comments we got from last week came from Amimul Ahsan.
Many experts and analysts have made predictions about Bitcoin. Yet people like Ivan on Tech believe that the halving itself is a none event and there won’t be major price movements on the day of the halving.
It’s almost impossible for anyone to accurately predict the price of Bitcoin in the short term because they are many unforeseeable factors that could affect the market. In the longterm, however, we can all agree that Bitcoin is going to the moon.
Give TokenPocket a 5-star rating
What are the features you would like to see in an ideal crypto wallet? What is your favorite feature in TokenPocket? Is it the UI/UX, security, TPExchange, the non-custodial wallet, or the DApp browser? Let us know in the comments. If you’ve enjoyed TokenPocket so far, give us a 5-star rating on play store and crypto compare and if you’re not satisfied or if there are features that you like to see, let us know in the comments.
Start your journey of discovery
- Download TokenPocket from App Store or Google Play
- Go to [Discover] > [TPExchange]
