TRTT- REPORT August 16–23, 2018

Girls in Crypto
5 min readAug 26, 2018

1. WHAT DID THE MARKET DO?

This week has been a bit strange in terms of the behavior of the major markets. On one hand, we had BTC breaking the barrier of $6,500, which promised to be the beginning of some kind of run, but confirmation of the SEC’s rejection of the ETF, which I understand perfectly, as well as some overtones of manipulation in the futures market on BitMEX have left us in a pretty pessimistic situation in terms of the future. No doubt this has affected the market throughout the week, and more so in recent days.

Even worse, the next two weeks probably won’t be any better. I hope I’m wrong! But let’s see what happened:

As we can see, the money in the market is near the same as last Thursday.

We have gone from a capitalization of $203,526 million from last August 16 to the current figure of $205,883 million, so there have been no major changes.

If we exclude BTC, and only look at the alts, there have also been no major changes. Recall that August is a month without institutional money, so we continue in lateral movements.

Here, we have gone from the $94,453 million of last August 16 to the current figure of $97,132 million.

As a result, if no big changes occur in either the total market cap or the alts market capitalization… then what do we have? Easy: no change in BTC dominance.

BTC keeps its 53% dominance, as is normal in this bear market. We still hope money will flow back into alts in September/October. Therefore, we only can hold, keep rewards, and wait. Remember this is a game that requires patience .

What does this mean?
That we are more or less in the same situation as last week: waiting for both a market movement and the alts season to return.

Lets take a look at the Masternodes world:

The Masternodes marketcap in BTC went from 320.346 to 297.752 (−7%).

There was another −7% in BTC market capitalization. In summary: more blood in the Masternodes world.

Remember that the BIG difference is that we can just hold our coins and wait for a better time to sell them.

2. WHAT DID TRITTIUM DO?

This week, thanks to our very very strong community, we were able to hold around the 300 sats price. As we saw before, the Masternodes market cap went down by 7%, but here we are, keeping the price relatively stable and holding in an increasingly bearish market.

This was the order book for August 16:

And this is order book for August 23:

As we can see:

- The average sale price is now lower, but still near 300 sats.

- The purchase order book is higher, over 4.4 BTC.

- Sales orders are similar to last week, a little less than 600.000 coins.

This means 12 masternodes in sales orders and 31 masternodes in buying orders.

This is a clear sign of the strength of the project and its incredible future.

In other words, even in the worst possible market situation, demand is triple what the supply can provide !

We now have 1061 active nodes, compared to 1016 last week. This means that we can continue to meet our ratio of set-up masternodes, that the project is alive, and, furthermore, that we have reason to celebrate.

So, we can see that people still believe in the project, that they are buying more and more TRTT and that they realize what a bright future this project has.

Soon, inflation will decrease, and, with the beta launch and the licence, Trittium will sky-rocket, for sure.

Remember this a game that requires patience .

3. PROGRESS OF THE PROJECT

We all know that we are in August — holiday time for almost half the world. As a significant part of our team is on holiday, there have been fewer announcements this week.

However, please don’t think we have not been working! There have, of course, been a lot of developments!

Let´s check these developments:

· August 16 New Google Play App…. J Trittium and mobile apps are on the way!!!

· The Company continues developing. We already have DUNS .

Do you want to know what this means? Find out here: DUNS.

Last Monday, August 20, a new WP was released, just for community review — incredibly, in holiday week!!!

· And what about something new that no-one has done before? How about developing shared Masternodes from a web wallet?

To summarize, in the worst possible situation, in one week in August (the worst month to develop a new product in any business sector), Trittium decides to announce, as if nothing was happening, certain projects that, in other companies, would be the result of months or even years of development and investment!

I only can say, thanks and bravo!!!!

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