Divi Weekly Update
Here we are with another Divi update, and there is quite a bit going on right now for Divi. Despite this, it seems to be still completely undercover on Youtube. There are still very few people going after it and that only means it still has huge potential to increase your wealth over the coming cycle. If you still haven’t looked into Divi I recommend you do some research on it because it has been showing it is well worth it as an investment. Let’s see now what’s new this week.
The price has been experiencing a pullback after extreme movements in the market with Ethereum and Bitcoin taking the center stage. This has made the price drop a bit particularly in Bitcoin terms but we’re still maintaining a market capitalization over $100 million having dropped 6 ranks from 70th to 76th. Similar projects around this rank have experienced a similar fate so it’s nothing unusual and it is a great chance to accumulate some more. As for exchanges they have increased their volume somewhat this week. A $50k combine volume for USDT pairs with Bithumb now in third position below Stex but still with pretty good volume. Bithumb volume is particularly important, as this exchange is the largest that offers Divi.
The DiviPay brand name has been scrapped, from now on the app will simply be called Divi wallet as there seemed to be some copyright issues with the previous name. This new name is simpler and that’s probably better. They have already close to 11000 sign ups to the Divi wallet release. If you want to sign up as well, go to wallet.diviproject.org leave your email there and you will be notified as soon as the wallet is available for download. Also by completing registration you will be rewarded with some Divi coins. This is a way to get involved with the project and and at the same time help it grow and expand.
Masternodes.online released their media report for the masternode space, and the data shows a very important fall in Dash dominance. Dash dominance was 57% the 30th of June 2019 and 1 year later it is 42% with Divi up to 5% of the market share in the sector. Looks like we’re starting to see Dash losing dominance and Divi picking it up. I don’t believe Divi will replace Dash in the short term, but it does have a much better trajectory this year, as Dash has been flatlining for a while and development seems to be a lot slower. A fresher newer blockchain like Divi can continue to push forward until eventually being the number 1 masternode, maybe over the next cycle. In the top 10 masternodes by market capitalization Divi has been second for a while but it has now a lot of room to the third in the list. We’re also catching up to Dash even though we’re still far thanks to Dash going down a bit in this time.
The number of masternodes online also has been showing tremendous growth over the last few months. Back in May when the Whatsapp integration was released we were celebrating the milestone of 1000 online masternodes, now the count is close to 1500. As more masternodes come online the ROI falls slightly but all that locked up supply in the end increases value for everyone as it helps push the price up. The Copper masternode is now worth $6400 which is quite a sizeable investment, but Divi is making every right decision and doing all they can to expand. This makes me very confident that we will see prices go up even more. The Copper masternode provides a very good second income stream at .18 BTC a year at current prices but as you know we’re entering a new cycle and numbers could go up a lot. I believe this is the best time to get on board, as it is always wiser to make an investment during a pullback rather than trying to catch a rally.
This week there was a new integration announced. It is an e-sport betting tournament website called Chalk. You can take a look at it on chalkapp.co They will be having a betting platform with a tournament basis in which you bet money against other participants and have a chance of winning the pot. Nick explained that prizes can go up to $100 per game and it costs as little as $1 to participate. Divi and Bitcoin will be the cryptocurrencies accepted. It is always good to get additional use-cases for Divi, and getting in the e-sports sector is very positive because people in that community are usually familiar with crypto. The beta will be launching in August, so you’re still in time if you want to get involved with it.
Another partnership that was teased last week has been now confirmed. It is Zap, a project that wants to create a wrapped version of Divi to take Divi into the DeFi space. They will now center their attention on Divi and put everything else in the backburner to roll out this wrapped version as soon as possible. The DeFi space is now going through a boom as you probably know, so it is good to get Divi into it as well to catch some of that hype.
Divi has started now a large campaign to increase their staff to allow them to continue expanding, and they have made some announcements in this respect. They have hired a new CTO: Bob Visnov. He was VP of technology in JPMorgan, a massive investment company. Someone with this kind of experience in the banking sector is invaluable for Divi’s fintech side of the business. There is also a new CFO: Russell Doolittle, who has extensive experience in big companies like Deloitte. These people are of course new to crypto, but they are also very experienced people in their fields who will be able to expertly lead the company. Nick also commented that they’re looking to get 2 new full-stack developers, which shows they are looking to continue growing and that they still have great ambitions for the project.
Last week we got the news that banks will now be able to offer cryptocurrency custody to their clients. This goes against what crypto is all about, but Nick has been asked if Divi will be offering this, as they do own a large stake in a bank. Nick commented that even though this goes against the spirit of the project if there is demand for it from Divi investors it is something they can look at in the future. It is good that they want to keep the decentralized nature of the project but offering this as an additional service opens the door to a new wave of investors that don’t mind delegating custody of their coins. I see it as a positive thing for the project if they decide to implement it in the future.
We also got some news about new listings. Nick commented there will be a new exchange pretty soon. It will be a pretty big one although not quite a top 10 by volume. In it you will be able to get full staking rewards and initially it will have a USDT pairing with a BTC one coming later. This exchange is particularly active in promoting the coins that list with them and a few projects have had really good performances right after the listing. There will be co-branded AMAs and press releases, and the exchange also has some influencers that can help promote Divi in social media. Looks like this exchange is south-east Asian, which is good because projects shouldn’t focus so much on the US and Europe, neglecting other markets.
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