1. Industry Interpretation
1. Industry Interpretation
The sixth Devcon annual conference was held in Japan today. Devcon is a developer conference organized by the Ethereum Foundation (Ethereum Foundation), once a year. The first time was Devcon 0, so this year is Devcon5. This conference can be described as a gathering of big names. In addition to V God, there are also major laboratories and senior technical leaders.
At the conference, the Enterprise Ethereum Alliance (EEA) group said they had created a new reward token system backed by two software giants - Microsoft and Intel. ).
The EEA is an alliance formed around the Ethereum blockchain, with more than 300 corporate members such as Microsoft, JP Morgan, Santander, Accenture, ING, Intel and Cisco. The alliance is committed to cooperating to develop standards and technologies to make it easier for enterprises to use the Ethereum blockchain code, thus moving towards the era of distributed ledger systems.
The newly launched token aims to incentivize and reward companies that actively participate in the consortium. Michael Reed, Intel’s blockchain program manager, said there are three types of tokens: reward tokens, reputation tokens and punishment tokens.
"It can really be applied to any consortium to incentivize teamwork. For example a software development consortium like the EEA, where we try to incentivize activities like contributing specifications, developing and adding code. Of course, there can be penalties for negative aspects as well. , such as lack of contribution, missed deadlines, etc.”
And this innovative technology and commercial implementation will jointly promote the rapid development of Ethereum. Its future value cannot be underestimated.
2. Today's market overview
2. Today's market overview
The total market capitalization of the market today is US$224 billion, an increase of 4.4% compared to yesterday. The trading volume was US$63.5 billion, an increase of 33% compared to yesterday. Driven by mainstream currencies yesterday, the market rebounded sharply. The bullish mood intensified, the trading volume soared, and the total market value showed a considerable increase.
In terms of market sentiment, according to the statistics of Alternative.me, today’s market sentiment is panic, with a panic and greed index of 39. In the past few days, the market’s multiple tentative drops led to a continuous decline in the panic and greed index. Today’s market has obvious bullish signals, and the panic and greed index Compared with yesterday's 27, it has increased by 12 points, and the panic has been greatly eased.
3. Distribution of currency rise and fall
Among the top 100 currencies by market value today, the increase can be described as considerable, and 90% of the currencies have risen, which is rare in a bear market. VSYS, which had the biggest drop today, dropped only 1.7%. The largest increase was ABBC with an increase of 17%, and other mainstream currencies also had relatively large increases. The mainstream currency with the largest increase was ATOM, with an increase of 14%.
4. Trading volume analysis
Today's trading volume of the top 30 currencies has increased, especially mainstream second-tier currencies, such as EOS, XRP, etc. Today's BTC trading volume has also increased considerably. Due to the relatively serious sell-off of BTT yesterday, the price returned to the previous day’s level today, and the trading volume showed negative growth. Other currencies with less obvious growth, such as XMR, did not involve a large number of buying orders, and the trading volume did not change significantly.
5. Stablecoin Analysis
Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.
Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.
6. Technical analysis
5 minutes
5 minutes
30 minutes
30 minutes
[BTC] BTC stabilized after falling to around 7750 yesterday, and then USDT was issued additionally. The bulls quickly entered the market and there was a wave of strong rebound, reaching a maximum of around 8300. Now analyze directly from the 30-minute trend. This wave of rebound directly hits the upper track of the previous falling structure. The bulls are aggressive. Unfortunately, the volume has not been effectively enlarged, and the upside power is still average. It is just a technical rebound; combined with the small-level 5-minute trend, short-term demand will grow as long as the trend cannot be pulled up quickly, that is, at least an adjustment is guaranteed.
In summary, although BTC has rebounded, the overall downward trend has not yet shown an end signal, and the trend is still dominated by bears. The operation suggests that the rebound is not strong, and the high-altitude operation is mainly around 8300, with a stop loss of 80 knives.
LTC: Even LTC has experienced a rebound of about 10%. It seems that the bulls are beginning to recognize the point. This wave of pull-up will consume a lot of bulls. The operation suggests that the rebound around 59 is not strong, mainly short-selling, with a stop loss of 61.
ETH: The trend of ETH is strong, and there is a wave of near-straight-line pull-up, directly rushing to the previous high of 185 and oscillating, but it has not completed the height. Operational recommendations are mainly shorting around 186, with a stop loss of 188.
EOS: Grapefruit has a strong rebound and has completely broken through the big platform. If the 3.25 high cannot continue to break through, we will see the callback in the short term. Operational suggestion 3.26 is mainly short, stop loss 3.30.
BCH: BCH was directly led by other second-tier currencies, and the trend has also hit a new high in the near future, but the step back is slightly larger, and the trend has a demand for expansion. The operation suggests that the rebound around 239 is not strong and short-selling is the main strategy, and the stop loss is 242.
