Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April
Wednesday, May 15 — All of the top 20 coins are in the green after seeing some losses over the past day, with some reporting double-digit gains, according to .
Market visualization by
The leading digital currency () is up over 4% on the day, at $8,135 at press time after reaching above $8,200. Earlier today, under the $8,000 price point to trade as low as $7,807. On its weekly chart, saw its lowest price point at $5,942 on May 8, while its highest price point was $8,265 on May 14.
Today, , CEO of instant exchange platform , that the volatility seen in and markets over the years is a necessary phenomenon for a nascent asset, stating that bubbles are an essential part of the industry’s growth.
7-day chart. Source:
The second largest coin by market capitalization, ether (), has nearly 15% growth in the last 24 hours, and is at around $237 at press time. During the week, ETH has been steadily gaining in price, and is currently up 39% over the last seven days.
Ether 7-day chart. Source:
() has gained almost 9.59% on the day, and is at $0.432 at press time. The started the day near $0.399, gradually reaching the current price point. Over the week, the third largest by market cap registered its lowest price point at $0.294 on May 10 and hit the highest value of around $0.438 earlier today.
7-day chart. Source:
cash (BCH) — which went through a planned update earlier today — is at $393.76 at press time, up by 4.94% over the past day.
Following the coin’s hard fork, BitMEX that the cash network experienced difficulties processing transactions.
cash 7-day chart. Source:
Total market capitalization of all digital currencies is around $250.4 billion at press time, having started the day at around $231 billion.
Total market capitalization 7-day chart. Source:
As CNBC earlier today, spot gold was up 0.1% at $1,298.26 per ounce, having hit its highest level since April 11 at $1,303.26 on Tuesday. gold futures settled $1.50 higher at $1,297.80.
The Dow Jones Industrial Average closed up 115.97 points at 25,648.02 after falling as much as 190 points earlier in the session. The S&P 500 gained 0.6% to end the day at 2,850.96 while the Nasdaq Composite rose 1.1% to 7,822.15.
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bitcoin Struggles to Stay Above $11,000 Amid Low Volumes bitcoin (BTC) passed above the $11,000 mark this morning, but is having a tough time holding on to the gains amid low trading volumes. As of […]
Common thinking suggests that investment markets are against you.
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This ZFX tokenized model was seeded by a number of Wall Street traders who together brainstormed ideas about how to teach retail trading investors the tricks of the trade. They applied the concept of fantasy football to the world of trading so that both new and experienced traders could practice, learn and compete against one another. It’s designed to function as a peer-versus-peer platform, where winners of each competition take home real money. (ZFX tokens can be sold on the market for USD or other currencies.)
This concept, which has been in development since 2016, currently has thousands of active users who have tested it in beta. Over $300,000 of seed capital was initially raised for platform development and the beta launch.
ZeroSum fantasy trading is experiential in the sense that users can participate without risking a ton of capital for FX trading or for cryptocurrency. By way of example, an otherwise reluctant newbie may see it as a way to test new investment strategies or try new options. For these reasons, it’s a great way to get started for those unfamiliar with the deeper nuances of the industry.
The Road Forward
The ZeroSum fantasy trading target market consists of FX, stock, cryptocurrency and retail investors in the U.S., primarily in Chicago and on the East and West Coasts. Three emerging trends are informing this path ahead:
FX markets continue to move the most amount of money per day.
Cryptocurrency markets are highly volatile and will get more so as institutional investors pour into the space (through futures trading, options trading and more).
Educating investors through a hands-on approach, where they can test, try and learn — without having to invest a lot of money or spend huge amounts on FX or cryptocurrency trading fees.
ZFX aims to become the fundamental means of exchange for fantasy competitions of any type that have a reliable data feed. Think FX competitions, stock trading competitions, weather prediction competitions, traffic prediction competitions — literally anything that has a reliable and accurate data feed will be possible.
The ZFX token sale is scheduled to begin January 3, 2018. This will allow further development to take place in terms of the platform, including more trading competitions as well as a sentiment data feed to find alpha signals. It is expected that the token will be listed on exchanges shortly thereafter.
Included is a token bounty program where participants can earn up to 75 million ZFX tokens. It allows users to participate interactively and earn entries for every new participant they bring into the program.
for more information and to sign up.
Note: Trading and investing in digital assets is speculative and can be high-risk. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.
