Trittium — Weekly Report #38

May 5 to May 12

Trittium.cc
May 12 · 6 min read

1.- WHAT DID THE MARKET DO?

As you know, perhaps we have here the most exciting week to analyze for months as the market changed utterly last seven days.

Total crypto market capitalization

The past week we said this was a critical moment for us, as $ 6,000 resistance should be broken. Ok, we did it, and next ones also, as we reached new 2019 ATH at 7,521 USD per Bitcoin… incredible.

With this, $BTC dominance reached a new 2019 high at 59.50% this week. It is at 58.74%, 3 points more than last Sunday.

As we can imagine, in this situation, the money went to BTC and left Alts bleeding. That’s a short term terrible movement for us, obviously, but new money in entering into crypto, and it will not stand at $BTC forever. So, once BTC decides where to make lateral movements, people will invest at Alts again, for sure.

If we check the last seven days market excluding BTC, we see a small grow. As Alts market is now at 85,430 USD millions (+5.2%)

MASTERNODES MARKET

This is an authentic desert nowadays.

As we advised seven days ago, sadly, alts market is dangerous. As you know, the masternodes market is an Alt market, so the week has not been too healthy for us.

Dash: As it includes several data, I will add the whole graph, to be able to understand what is happening to almost all the coins.

So, as you can see we have:

  • Market Capitalization (blue line): 1,064 USD million (+2.11%)
  • Price in BTC (Yellow line): 0.01746126 (-16.07%)
  • Price in USD (Green line): 120.47 USD (+1.61%)

Alts are bleeding, and hard but only in $BTC price. If we check their USD price, they are not bleeding so much, even some of them, have a higher price.

Dash dominance is now at 58.48%, around 1.5 points thinner than seven days ago.

Total masternodes Capitalization is now at 1,811 USD millions, +5.41% than last week as said before, in dollars. If we look at $BTC, we are -12.51%, with 263,621 BTC invested.

Total Masternodes market, 1,811 USD million. (+5.41 %)

$Dash market capitalization: 1,064 USD million. (+2.11%)

Masternodes market excluding $Dash: 747 USD million. (+17.8%)

About Trittium market capitalization, we are now at 681,739 USD (-6.08%)

With 238.877 nodes running, we have around 5,000 nodes running less than last week. That’s a huge difference, and a bad sign, as people are stopping their nodes.

Masternodes world looks ugly.

2. WHAT DID TRITTIUM DO?

Sadly, not too much to say. Trtt bleeds as most alts do.

About price and market orders, This was the order book on May 5:

And this one is today, May 12:

In summary:

  • The average trade price is lower, around 75–85 sats.
  • The buy orders book is smaller, with 0.30 BTC in buying orders, one of the smaller ever seen for our coin. There is no doubt market conditions are seriously affecting us.
  • The sell orders book is smaller than last week, with 1,256,000 Trtt for sale.
  • We have now 25 masternodes in sell orders and less than eight masternodes in buying orders. The ratio is worse than in previous weeks. As said, the market does not want to buy masternodes. The same situation is happening in other projects.
  • We have now 65.750,000 TRTT (53.95%) coins locked, 1,500,000 coins more than last week. The only positive data!!!

Data are worse than last week, as said in previous reports, we need a stabilized market to see people investing in trittium again and making the price rise.

3. PROJECT PROGRESS.

Twitter: 155 followers. (+11)
Remember, this account is new. Are you following us?

  • Discord: 6,753 members (+0.18%).
  • PoCoN This week:(May 5 to May 12)
    Burned: 51,676
    Sent: 51,676
  • Total Burned: 1,117,442. Check it here:

As always, Trittium team members, works, just work. We dont look to $trtt price to decide if we work hard or we stop before. Thats not in our shedule.

So, when a week is hard about price, or we see our investors worried about the price situation, the only thing we can do, is what we continuously do, work, and harder.

  • We launched two new User Interface essential guides. With this, new investors will be able to deploy new investments in a more natural way. Check them:
  • Trittium launched it’s own iOS wallet!!!
    Now you have both, Android and iOS Mobile Wallet.

4. trttNodes PROGRESS.

Last week data:

Actual data:

New coins listed: 1
Masternodes running: -0.18%
(Altbet nodes updated collateral x5, and SMM delisted)
Investments: +2.66%
Coins listed this week: 99 Masternodes -NMN-.

  • New listing policy:

As said and explained, the market situation carried us to a place where we don’t like to be, but we do not control big scenarios, as it is not on us. We can not make more to get the license faster and launch loans, as is is not on us.

We do the only thing we can do, work and explain the situation.

We believe in what we do, and we are sure we will reach our targets, but we must hold and wait. Better times will come, for sure!!!!

Thanks for reading.

Don’t forget to clap!!!!!

You can also follow us on the networks below:

Twitter

BetweenBlocks

Bitcointalk

Reddit

Discord

Trittium.cc

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Tritium is a revolutionary intermediary platform that allows for fast and easy peer-to-peer loans backed by crypto collateral.

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