I recently participated in a few mini tutorials which outlined the use of crypto. These 2 minute videos provided information about several cryptocurrencies. The videos were quite informative, but the
Twitter and YouTube are suddenly full of Bitcoin investors excitedly talking about “The Golden Cross”. If you are wondering what all of the excitement is about, we will try to explain. In simple terms, the term “Golden Cross” when describing Bitcoin is when the Bitcoin/ US dollar 50 day moving average rises and crosses over the 200 day moving average of Bitcoin.
Investors are watching this closely because the last “Golden Cross” saw a jump of almost 200% in Bitcoin price over a period of just 2 months. The “Golden Cross”, however does not always result in price gains. You will also see reference to the “Death Cross” which is the opposite of the “Golden Cross”.
Virgin Galactic is one of the leaders in Space Exploration and Travel. The brainchild of Richard Branson, Virgin Galactic has enjoyed increased media attention as the stock skyrockets.
Branson has announced that future space travel may be paid for with Bitcoin. The well known entrepreneur admits to investing in Bitcoin years ago. The Virgin Galactic Stock has increased in value almost 300% during the past 90 days. Perhaps space travel is the last frontier or maybe that better describes Bitcoin.
The Samsung Blockchain Keystore better known as SBK allows consumers to control their data by providing a platform to manage digital keys with unprecedented security. In order to increase the level of security, private key information is never stored in the cloud or exposed to the Samsung Operating system. This added security helps protect information from malware and other security threats.
Tron will be integrated into the Samsung Blockchain Keystore software development kit. Users will be able to use a preset PIN number and fingerprint authentication to authorize a digital signature to use with the Android app.
Obviously this integration will simplify the use of blockchain and cryptocurrency for Samsung users. This should introduce many new users to crypto and blockchain. Will Steem be able to take advantage of this partnership? Only time will tell.
Both Steem and Tron remain in the top ten of the most active blockchains. This report is a weekly compilation of the average number of transactions over a 24 hour period.
EOS is ranked number one. Steem is ranked number 7 in blockchain activity. Tron is ranked number 5.
Bitcoin remains in the number 10 position.
Google Trends For Steem and Tron
While the future path of Steemit remains somewhat uncertain, some facts are undeniable. The graph above shows Google Trends according to keyword during the past 90 days. This particular graph depicts the trends worldwide.
I entered the following keywords Steem, Tron, Steemit, and Justin Sun. As you can see both Steem and Steemit are almost flatlined. Tron, however is trending much higher. One could argue that Steemit is an active community and people do not need to Google it, but if growth is our goal we want to see Google Trends trending higher. I know many details need to be discussed, but I think we can all agree that Steemit and Steem will receive increased attention during the next few months due to the acquisition of Steemit by Justin Sun.
I hope this increased attention will include the many Steem projects such as Steemhunt, 3Speak, Steempress, Dtube, Splinterlands, Appics, Esteem, Busy and the communities that Steemit has spent years in developing. I also think it is a plus that many of the Tron dapps are gambling and gaming dapps much different from many of the Steemit projects. Steemit has many positives and now we have the spotlight to show the world. I’m sure I’ve left out many Steem projects. Please share your favorites in the comments.
The title of this post should be “Justin Sun buys Steemit and everyone is freaking out!”. I understand the concern of the unknown and the fear of change, but I think we are overlooking some of the obvious positives.
First of all, Justin purchased Steemit, not the Steem blockchain. Steemit is basically a community that uses Steem. Why would Justin purchase this community if his plan was to change it into a Tron community? The Tron community already has a huge following and quite a few dapps in the entertainment genre. In fact during the recent crypto bear market, Tron was one of the few communities who maintained a high profile on Crypto Twitter and YouTube. When most the crypto community almost disappeared, Justin Sun was still in the news, explaining, promoting, and introducing crypto to new audiences. In my opinion, this was one area where Steem faltered. I think Ned and Dan were brilliant in their creation of Steem and Steemit. I will always be grateful for the opportunity these two provided. I do think, however, that Steem could have used a full time PR guy. We were so busy talking to each other about how great Steem was that we neglected to bring in new people.
In this respect, I think Justin Sun and the Tron community might be just the medicine Steemit needs. When I’m on Youtube I see dozens of videos about the latest Tron dapp. Transfer that enthusiasm to Steemit and we may see some much needed new blood and new users on Steemit.
For the record, Steem was my first altcoin and I love the community. By the same token, I also invested in Tron over a year ago. I didn’t know that much about Tron, but Justin Sun was everywhere talking about it. I kept hearing that Tron would change the entertainment community. After hearing this from Sun and the entire Tron community, I realized I did not want to miss out. If Justin Sun and his Tron community can bring some of that enthusiasm to Steemit, I welcome them.
Hopefully, we will finally find an answer to an easy way to on board new users as well. Growing the Steemit community is a good thing for all of us if we can stop freaking out long enough to realize it.
The price of Steem jumped over 25% reaching a price of 29 cents. Steem Dollars also enjoyed a price increase of over 10% reaching a price of $1.08.
While it may be easy to dismiss this price increase as a simple Bull market following the price increase of Bitcoin, the price of Steem is actually increasing at a much faster pace than many of the top marketcap coins.
Are we just beginning to see the valuation of the potential of Smart Media Tokens?
Many Steemians, including me, assumed that Dan Larimer’s Voice project would just be another Steemit using EOS instead of Steem. I just received the invitation to beta test Voice and realized that Voice will not be another Steemit.
First of all, user’s identities will be confirmed which means users will use their real names. Avatars or profiles will be a selfie which adds another layer of confirmed identity. According to the email I received, the initial roll out will be for the United States with plans to add other countries in the near future. The content of Voice beta will only be visible to logged in registered users during the first few weeks, but will become visible to the public at a later date.
Voice beta will use HooYu to confirm you are a real person and reside in the USA.
I think the identity confirmation alone makes Voice a very different platform. Quite possibly Voice will appeal to users with a public platform and following as opposed to the casual blogger or Instagram type poster.
I think the fact that Voice is a very different animal than Steemit is a plus for both platforms. The uniqueness of each platform will hopefully make them both a success.
Basic Attention Token, better known as BAT enjoyed an increase of over 8%. As of today, BAT is trading at a little over 31 cents.
Download the Brave Browser
BAT is the currency of the Brave Browser which has become more popular with rising privacy concerns on the internet. By using the Brave browser, you can control the number of ads you see and maintain a customized level of privacy. You will also earn BAT by using the browser.
Beyond the privacy benefits and the earning potential, I was surprised at the speed of the Brave browser. I guess all that tracking on other browsers really does slow your computer down.
Steem Price Jumps 13%
Steem price jumped over 13% during the past 24 hours. The price of Steem rose to over 22 cents. The market overall enjoyed a bullish streak. EOS was up over 8%. Bitcoin broke the $10,000 barrier with a rise of over 4%. Cardano is also up over 4%. BAT which is used in the Brave Browser enjoyed an increase of over 14% reaching a price of over 29 cents.