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Omit T.I.

  • 50 Cent is coming off controversial comments on Lil Wayne’s radio prove, the build he singled out “enraged unlit girls folks.”
  • Actress Vivica A. Fox appropriate blasted 50 Cent on Fox philosophize proveThe Neighborhood Talk.
  • She has each dazzling to be bored stiff with males who behave fancy 50 Cent.

50 Cent is appropriate a stage name.In step with Vivica A. Fox,his right name is “f*ck boy.”

She beat rapper T.I. to the punch. He appropriate known as out 50 to a Verzuz fight, nonetheless Fox came out swinging all over an episode ofThe Neighborhood Talk.

Fox used to be visibly upset by 50 Cent’s controversial comments about unlit girls folks. And she has each dazzling.

Other folks fancy 50 Cent possess promoted misogyny for rather a lot too lengthy, and now he’s blaming unlit girls folks for being enraged?

Vivica A. Fox appropriate known as him precisely what he is, and it’s about time.

50 Cent Sparks the Blaze

Earlier this week, 50 Cent went on Lil Wayne’sYounger Cash Radioto philosophize about his mating preferences.

He made it obvious that he likes to dabble with girls folks of a range of races.

They safe enraged, they safe enraged and you survey a range of sisters they traipse ‘oh you f*ck with this more or much less girl and that more or much less girl. That sh*t is irregular. That sh*t appears rather a lot a range of from the sh*t you survey in the neighborhood your total time…

Nonetheless he didn’t discontinue there. He elaborated on the role unlit girls folks play in his drama:

It’s attention-grabbing to discover. Nonetheless they safe enraged, they safe enraged.

Lil Wayne used to be cackling in response, nonetheless a hefty chunk of the salvage response used to be now not laughing.

That entails Vivica A. Fox.

Vivica A. Fox Has a Appropriate to be Wrathful

Even though 50 Cent known as out “enraged unlit girls folks” in his rant, that didn’t discontinue Vivica A. Fox unleashing her fury.

Alternatively it’s now not even about her emotions; it’s about her words. And her words ring appropriate.

He has such f*ck boy trends.

After I read that, I used to be fancy, in level of truth? you may well maybe well maybe bellow that.

She can possess to serene know. She played 50 Cent’s ex-lady friend in his TV prove50 Centralall around the one season it used to be allowed to exist.

Urban Dictionary defines “f*ck boy”as a “somebody who is most effective looking out out part of *ss to utilize after which throw away.”

It no doubt doesn’t sound fancy 50 Cent is calling for a relationship. He doesn’t sound too thinking about somebody’s emotions. It looks fancy he’s appropriate thinking about having intercourse with some “irregular sh*t,” and transferring on.

Vivica A. Fox nailed it.

Fox persevered:

You don’t need somebody to balk you, or verify with you, you wish somebody to sit over there and be a sexy minute dogs, that you may well maybe well maybe appropriate pay.

Can’t contend with a unlit girl, can you?

She known as his statements “demeaning” and “boastful.”

Fox added, “you bought here from a unlit girl, don’t ever forget that.”

Mic descend.

Right here’s Why Vivica Has a Point

50 Cent is allowed to possess his sexual preferences; no person is arguing in opposition to that.

The balk is that he’s perpetuating an unhelpful stereotype about unlit girls folks. Are they honestly enraged your total time?

And why are they enraged? Would possibly maybe maybe also it be because they were born into this country with arguably more obstacles than any other demographic?

Each person appears to be getting their shots in. | Supply:Twitter

You’d mediate other folks fancy 50 Cent would must prop them up.Nonetheless in its build, he uses his, regrettably, influential idea to knock them down. It’s even more infuriating while you focus on about that a large fragment of why they’re enraged is due to other folks fancy 50 Cent.

He additionally many instances referred to girls folks as “sh*t.”

That sh*t is EXOTIC. That sh*t appears rather a lot a range of from the sh*t you survey in the neighborhood your total time.

The tides are shifting. Ladies folks, especially unlit girls folks,are better than appropriate “sh*t” for folks fancy 50 Cent to discover.

Kudos to Vivica A. Fox for calling it out. He’s all yours T.I.

Disclaimer: The opinions expressed listed here assemble now not necessarily focus on the views of CCN.com.

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Stock Market Falls In spite of One Dow Big’s Unheard of Rally

  • The U.S. inventory market wobbled on Tuesday.
  • Giving up a allotment of Monday’s beneficial properties, the S&P 500 and Dow Jones came beneath stress.
  •  Walmart surged an not seemingly 7% on be aware its Amazon High competitor would originate soon.

The U.S. inventory market struggled on Tuesday. Each the Dow and S&P 500 gave up a tall chunk of Monday’s beneficial properties, and even the Nasdaq caved to stress in slack afternoon procuring and selling.

Better than expected jobs data had miniature attach on a market warily eyeing an elevated VIX. Losses would possibly well perchance were worse were it now no longer for Walmart’s not seemingly 7% surge.

Stock Market Struggles In spite of Extra Bullish Jobs Facts

The S&P 500 slipped on Tuesday irrespective of a monster transfer from Walmart (NYSE: WMT) inventory. | Offer:Yahoo Finance

Extending a present model, the Nasdaq used to be the strongest of the main Wall Boulevard indices, though it in the end joined the Dow and S&P 500 in the red.

Right here’s where the three inventory market bellwethers stood at 3: 32 pm ET:

  • The Dow used to be down 313.28 aspects or 1.19% at 25,973.75.
  • The S&P 500 had lost 0.65% to tumble to three,159.1.
  • The Nasdaq had dipped 0.32% to 10,400.72.

Economic data yet again confirmed the U.S. job narrate of affairs bettering, as JOLTS openings increased extra than forecast.

Sadly, there is a wholesome dose of skepticism surrounding the sustainability of the labor market rebound. Virus circumstances continue to upward push in the U.S., and a second wave of lockdowns would possibly well perchance hamper the recovery.

This thesis found make stronger incomments from the Federal Reserve’s Raphael Bostic, who made it certain the Fed sees financial task initiating to level off.

Stock market bulls maintain reveled in the dramatic upswing in user sentiment. That upswing would possibly well perchance now no longer last. With enhanced unemployment benefits role to hunch out this month, household spending would possibly well perchance contract dramatically.

This is able to perchance well very smartly be the explanation thatthe Republican event is softening on the basis of extra stimulus funds for U.S. electorate.

Volatility Weighs on Wall Boulevard

From a extra primary standpoint, merchants are no query eyeing some rather frothy valuations.

Dramatic strikes in the U.S. inventory market maintain launched the VIX (volatility index) attend into an elevated model.

Chris Beauchamp, chief market analyst at IG, believes that this would possibly be a chronic whisper for merchants at some level of the rest of the week:

Along side to the ability hurdles is a upward push in the Vix, which is attend above 30 this morning after heavy declines in slack June. It seems to be like adore we are role for a more difficult week than the one good long gone, when equities enjoyed wholesome beneficial properties irrespective of rising case numbers in the U.S.

It’s demanding to take into consideration volatility will let up anytime soon.

As the November election approaches, Wall Boulevard is discovering it increasingly demanding to brush apartthe mountainous polling leadthat Joe Biden has constructed.

“Astronomical Finance” seems to be increasingly scared about the likelihood of increased taxes beneath Biden and a Democratic Congress.

Elections enact impact shares. | Offer:LPL Examine

The gap between Biden and Trump dwarfs the narrow lead Hilary Clinton enjoyed in the 2016 election.

Given this climate, it seems unlikely that there acquired’t be further volatility on the horizon for the rest of 2020.

Dow Dives In spite of Walmart’s Big Impact

On a rocky day for the Dow 30, highest a handful of shares were in the fairway.

Main the draw used to be a formidable 7% rally from Walmart, which boomed on data its “Walmart+” service is launching in July.

Billed as their counter to Amazon High,the service has merchants strangely infected. Strikes this pronounced are uncommon in low-development mega-cap shares adore WMT.

Apple and Microsoft both trended sideways. The tech sector remains rather resilient to possibility-off sentiment. Nasdaq hero Teslatouched above $1,400 per portion for the main time.

Boeing, Goldman Sachs, and American Express were the worst hit members of the Dow Jones. All three shares tumbled extra than 3.75%.

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Dow Futures Tumble on Fed Insider’s ‘Troubling’ Recent Bombshell

  • Dow Jones Industrial Practical (DJIA) futures plunged in premarket shopping and selling Tuesday.
  • Raphael Bostic, president of the Federal Reserve Bank of Atlanta, acknowledged economic exercise is “levelling off” in a “troubling” original model.
  • Global stock rally hits the end button after per week of sturdy gains.

The U.S. stock market is taking a laborious-earned breather on Tuesday after four straight days of gains. Dow Jones Industrial Practical (DJIA) futures slumped 291 components in premarket shopping and selling.

The selloff started closing evening but accelerated as one Federal Reserve insider issued a miserable assertion. In an interview with the Financial Events, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, acknowledged thefresh economic bounce modified into once now “levelling off.”

There are some things that we are seeing and some of them are troubling and may perchance perhaps perhaps point out that the trajectory of this restoration is going to be a bit bumpier than it can perhaps perhaps in every other case.

The recordsdata despatched a shiver thru the stock markets, which, unless now, had priced in a V-shape restoration.

Dow futures apply Europe lower

It’s no shock to behold world stocks cooling off this present day after theDow’s blistering 350 point rallyon Monday.Dow futuresexisting a 291 point lag, following the European markets lower.

Dow Jones Industrial Practical (DJIA) futures proceed after four days of gains. Source: Yahoo Finance

S&P 500 futureswere down 0.9% whileNasdaq Composite futuresfell 0.48%.

Financial exercise has “clearly flatlined”

Bostic, whose district entails the virus-hit deliver of Florida, acknowledged that enterprise openings and mobility were reversing.

The ideally suited likelihood, he says, is the everlasting closure of dinky businesses. The knock-on enact is that ‘transient’ layoffs will change into everlasting.

The full jobs associated with [small business closure] that will movement from the transient column into everlasting column and that will seemingly be extraordinarily painful.

Factual closing week, Wall Boulevard cheered better-than-anticipated job numbers. Bostic’s perception hints that celebration would perchance be untimely.

Investment bank Jefferies issued a an identical miserable assertion the day prior to this. Their analysts acknowledged economic exercise throughout the U.S. had “clearly flatlined.”

All the things from restaurant bookings to footfall to traffic recordsdata to dinky enterprise exercise modified into once slowing down.

Worst of all, web traffic to unemployment portals modified into once attend up.

The worthy-hyped ‘V-fashioned’ restoration is becoming a W, they concluded.

The Dow Jones bull case, in accordance with Citi

No longer each person is so downbeat. David Bailin at Citi Private Bank acknowledged theeconomic restoration will proceed for the next six-twelve months. Requested if the economy will decide up ‘scale again off’ by the increasing outbreak, he responded bluntly:

We don’t have it’s going to decide up scale again off on the knees at all.

No subject the upward push in circumstances across The United States, Bailin pointed to fewer fatalities and fewer intensive care admissions. He thinks the economy will inch out a 2d wave if it develops. And as for the stock market rally? It makes glorious sense, he defined, since the virus has simplest impacted about a sectors.

The virus has basically impacted four sectors: leisure, healthcare, training and retail. Beyond these sectors, you’re seeing the economy right this moment return to long-established.

Though the mosey of returning jobs may perchance perhaps perhaps also insensible down, the model is more seemingly to remain certain.

End invested in stocks for every other two years: analyst

Washington Crossing Advisors’ Chad Morganlander is moreover bullish, although a little extra cautious. Speaking to CNBC this morning, he told consumers topreserve the route thru the disaster.

Stock prices behold expensive, he says, but simplest while you behold transient. On the longer-time-frame horizon, when earnings are extra worthy, the stock market begins to behold extra honest.

I’d start as a lot as pare attend some of these excessive momentum enhance names and moreover start as a lot as behold at probably the most industrials which maintain been beaten down.

His comments echo Freddie Lait at Latitude Investment Administration. The day past, he remarked thatmost stocks peaceable behold undervalued. Handiest the excessive-enhance tech stocks are taking a behold frothy.

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I’m Appalled at Prince Harry’s Commonwealth Lecture

  • In a video that greatest proves Prince Harry and Meghan Markle don’t know what the Commonwealth genuinely is, we can see clearly who’s responsible in this relationship.
  • Meghan Markle is front and center of the frame. Prince Harry is true attempting not to rep barged out of the dialogue altogether.
  • Who will the Queen be extra disenchanted in? Her grandson? Or his college history teacher?

One other day, one other Prince Harry and Meghan Markle video that has beentorn apart by the media.

This couple seems intent to lurchfrom one recoil-principal difficulty to 1 other.

In what’s blatantly the next step in Meghan Markle’s campaign to situation herself front and center asa “woke” social justice icon,the couple are but again preaching to the plebs on how we can all be higher individuals.

Is Prince Harry if truth be told this gullible?

I have to confess, I chanced on this video charming. In only just a few short minutes, it confirmed nearly every thing I have suspected and written about over the previous few months.

It has also made me quiz the intelligence of Prince Harry.

Does he evenknow what the Commonwealth is?I if truth be told feel incredibly guilty asking this quiz of a member of the British royal family, but from what he acknowledged within the video, it may maybe probably well seem his rob of the realm subject is tenuous at greatest.

So what precisely did Harry convey?

Prince Harry acknowledged:

Completely, for of us that stare all the strategy during the Commonwealth there may be rarely one of these thing as a strategy that we can tear forward except we acknowledge the previous. And I deem so many folk have performed such an fabulous, fabulous job of acknowledging the previous and looking for to appropriate these wrongs.

He then persevered:

Nonetheless I deem all of us acknowledge, on here, that there may be so powerful extra peaceable to form. It’s not going to be straightforward, and in some cases, it’s not going to be glad, but it needs to be performed ensuing from bet what? All individuals benefits.

Meghan Markle and Harry know what the Commonwealth is, appropriate?

Again, I if truth be told feel incredibly insensible having to quiz this quiz, but does Prince Harry and Meghan Markle know what the Commonwealth is?

For these Meghan Markle fans who’re as puzzled as every Harry and Meghan seem within the video,the Commonwealthused to be created within the 1930s as fragment of the British Empire’s decolonization.

It used to be created to are trying to appropriate the wrongs of the British Empire and its colonial previous.

Prince Harry has embarrassed himself and his family | Offer:Twitter

The Commonwealth used to be pushed by decolonization and growing self-governance of these territories that made up the Empire.

Member states are connected by shared values stipulated on the time of the introduction of the Commonwealth, including democracy, the rule of law, and human rights. All of that are enshrined within the Commonwealth Structure.

I point out, reach on, Harry. The clue is within the name of the ingredient! The Fundamental…wealth?

The video of the couple is telling, but it’s what we’ve reach to request from Prince Harry

When Prince Harry sat appropriate down to write downthe grievous electronic maildetailing his plot to step encourage from the royal family, I doubt he may have considered every thing going so horribly unsuitable for him.

I admit, even what I belief used to be the worst-case difficulty for Harry and Meghan has been some distance surpassed if truth be told. The worst ingredient of all?It’s been nearly entirely of their luxuriate in doing.

The little while they spent on video summed up not true their relationship but additionally their complete try at “freedom.”

Of us were snappy to designate where Harry and Meghan are barely simply unsuitable | Offer:Twitter

As has been the case since day one, Meghan Markle is front and center within the video.

Prince Harry appears to be like to be like luxuriate in an ungainly dweeb looking for to edge his methodology into a selfie being taken by the chilly girl in school.

This complete debacle has Meghan Markle and her droll PR crew all over it

Meghan Markle is looking for to frame herselfas a social justice iconfor minorities and these with out a utter.

We rep it.

Hollywood hasn’t worked out barely as you anticipated.A lady has to compose inexperienced, especially if she needs to withholdthe roughly spending she grew accustomed to within the royal family.

Nonetheless reach on. No longer lower than try to be severely factually perfect earlier than you pull up the Zoom app!

The massive quiz is, does Prince Harryif truth be toldnot know what the Commonwealth is? Or does he know but true hasn’t purchased the heart to portray his wife that her newest video thought is all kinds of ridiculous?

Sadly, I deem it may maybe probably well very properly be a little bit of every. At this stage, Prince Harry is true attempting not to rep barged out of the image altogether.

Disclaimer: The opinions expressed listed here form not basically deem the views of CCN.com.

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Walmart Stock Is Up Massive. Here is Why It Would possibly maybe Beat Amazon

  • Walmart’s online gross sales obtain surged all the arrangement in which by the pandemic as stores shut down.
  • The retail massive’s stock has important upside ensuing from its e-commerce industry.
  • Walmart is competing with Amazon Prime by launching its subscription-essentially based fully service.

Whereas the S&P 500 is down about 3% for the year, Walmart (NYSE:WMT) is thrashing the market with a accomplish of 6%.

Whereas the S&P 500 is peaceable within the crimson year-to-date, Walmart stock has gained 6%. | Offer:Yahoo Finance

The stock has more upside ensuing from rising e-commerce industry.

The Retailer Is Having Sturdy Gross sales And Profit Development

Whereas manybrick-and-mortar stores are going bankruptor are closing thanks to the pandemic, Walmart is well-positioned to thrive within the changing retail atmosphere.

Retail closings must peaceable serve the firm accomplish mountainous market portion, boosting earnings in 2021 and former. Walmart’s $21.5 billion U.S. e-commerce industry is rising, giving the firm a competitive edge.

The important retailerexperienced 37% growth in online gross sales this previous year,exceeding its growth target of 35%. Online gross sales jumped 74% within the main fiscal quarter ending April 30, as the pandemic introduced on more prospects to store online for necessities.

U.S. revenues elevated 10% to $89 billion. Same-store gross sales rose by roughly the identical percentage parts.

Walmart’s stock obtained a steal in June after being upgraded by UBS. Analyst Michael Lasser raised his rating on Walmart from Withhold to Retract andlifted his mark target from $130 to $135. That’s a simply about 10% accomplish from the most modern stock mark.

Lasser claims thatelevated online gross sales and healthy earnings give WMT important room to proceed rising:

Our thesis is that Walmart is coming into an generation of amplified earnings growth driven by an enhanced productiveness loop, elevated e-commerce scale, and accelerated know-how deployment.

These three components must peaceable allow the retail massive to discontinuance earnings per portion of more than $6 in fiscal 2023 when put next to consensus EPS estimates of $5.80.

Lasser also sees many sources of additional upsidefor the firm because it gains traction in healthcare and selling, and has success in key markets fancy India:

Besides, WMT affords the likelihood of ultimate-in-class consistency in an unsure atmosphere. We mediate these facets will enable WMT’s shares to take a top class a couple of, particularly as the gap between the leaders and laggards in retail widens.

U.S. e-commerce project might well perchance abilities 25% growth, to boot to EBIT growth of up to 8%.

Walmart Is Competing With Amazon

Amazon (NASDAQ:AMZN) is a mountainous rival to Walmart. On Tuesday, Walmartpresented it could maybe well perchance commence Walmart+later this month.

The subscription-essentially based fully program will straight compete with Amazon Prime.

The service will mark $98 per annum and encompass same-day transport of groceries and different objects; this could maybe well perchance also attain with gasoline discounts at Walmart gasoline stations. It’s more inexpensive than Amazon Prime, which costs $119 per annum.

Walmart has alsopartnered with e-commerce massive Shopify(NYSE:SHOP) to amplify its third-celebration marketplace and engage abet of the pandemic-fueled surge in online shopping.

With these strikes in space, Walmart is changing correct into a threat to Amazon’s continued dominance.

Disclaimer: This article represents the creator’s concept and couldn’t be regarded as investment or trading advice from CCN.com. The creator owns shares of Walmart (WMT).

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The Profitability of Cryptocurrency Bitcoin Now and in the Future

Whether you’re interested in cryptocurrency or not, you’ve probably already heard of Bitcoin. When the cryptocurrency first launched it was worth less than a dollar, but over the years that price has fluctuated reaching astronomical numbers that no one could have expected.

The high volatility Bitcoin carries has made it one of the hottest commodities someone can obtain right now, and while nothing is ever certain with something like Bitcoin, people can’t help but invest in it and hope for the best.

Despite the risk that comes with acquiring Bitcoin, Bitcoin trading is now a popular way for people to try and secure their financial future. But why are so many people so sure that Bitcoin will bring them nothing but profit? To answer this question we’re going to need to look into how Bitcoin is faring now, and some of the predictions people have made for the future.

What Affects Bitcoin Prices

Some of the most interesting things about Bitcoin are the circumstances around its fluctuating price. Surprisingly enough, it seems that Bitcoin’s worth works in the opposite direction to fiat currencies. Bitcoin’s price often rises by quite a lot whenever tensions arise and people feel unsure about the political climate in the western world, and globally.

Another interesting thing you might not have known about Bitcoin is that it’s finite. While Bitcoin mining is still alive and well, the amount miners can procure is narrowing as time goes on. This is due to something called Bitcoin halving. Every four years the pace at which new Bitcoin is created gets cut in half which makes it harder for miners to get Bitcoin at the same rates as before. Like with most things, when Bitcoin becomes rarer, it’s only logical for its price to increase.

The Bitcoin Trading Boom

Anyone can get into Bitcoin trading today. Thanks to a slew of helpful Bitcoin trading apps and websites, even you can try your hand at Bitcoin trading. One way to potentially profit off of Bitcoin is by using AI automated trading apps. You can find a great example of this on https://www.bitcoinera.app. With the help of their smart trading robot, you can scour the market and make informed decisions on how and where to trade, and if that seems like too much work, you can let the app do it for you!

Bitcoin trading has gained a lot of traction in the past couple of years. While Bitcoin used to be a currency for the tech-savvy and those who wished to remain in the shadows, more and more average Joe’s are taking an interest in the popular cryptocurrency. The simple fact that interest in Bitcoin grew brought a lot of changes to the currency’s worth, some good, some bad, but ultimately made the cryptocurrency a lot easier to access.

Bitcoin Now and in the Future

So how do all of these things mentioned before influence the profitability of Bitcoin in the future? It’s simple and complicated at the same time. The latest Bitcoin halving event happened in May of 2020! While there might not have been a significant price drop or increase right after the event, a lot of people believe that the price of Bitcoin will keep rising little by little and end up reaching up to 13.000$ by the end of the year.

Another thing that has had quite an impact on the price of Bitcoin this year has been the unfortunate rise of the global pandemic. As we mentioned before, Bitcoin seems to rise whenever something like this tends to happen, but this time things didn’t work out that way.

The price of Bitcoin dropped significantly during the pandemic which put a damper in the plans of many investors. While the price was still nothing to frown over, it was nowhere near what people might have expected.

Things are starting to look up though. With vaccines currently in the works, people are starting to get their hope back. This is good news on more than one front. Thanks to the words effort to prevent further spread with some valiant efforts, the price of Bitcoin has been getting back on track.

Predictions for Bitcoin for further on into the future are so insanely high that most people can’t even fathom them. According to an onslaught of Bitcoin predictions for 2020 and beyond, there’s nothing to worry about other than missing out on the chance to invest in Bitcoin sooner!

Latest Bitcoin Cash price and analysis (BCH to USD) – Coin Rivet


Bitcoin Cash is back in its stagnant range of the past four months following a healthy 8.77% bounce from its June 27 low of $205.

On higher time frames it remains in a more bearish posture as a result of it trading well beneath the daily 200 moving average.

It has only traded above the 200MA for two months out of the past 10, which is indicative of a macro down trend.

Trade volume has also seen a significant reduction since volatility eroded in mid-March with around $1 billion being traded every 24-hours, a stark contrast to earlier this year when it regularly topped $10 billion and even $20 billion on March 3.

The apparent lack of interest, coupled with grim technicals in terms of negatively sloping moving averages as well as the relative strength index (RSI), indicates that Bitcoin Cash seems poised for a dramatic correction to the downside.

Potential targets to the downside have emerged at $147, $105 and $74, all of which are historical levels of support dating back to the 2018 bear market.

Much of Bitcoin Cash’s upcoming direction will also depend on Bitcoin, the currency it forked from in 2017, and its trajectory over the coming months.

Bitcoin is also range bound just above $9,000 but it is trading above a number of key moving averages and levels of support. If it can ignite a rally back above $10,000 and even $10,500 it could pave the way for an altcoin rally with the likes of Bitcoin Cash leading the way.

For more news, guides and cryptocurrency analysis, click here.


Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:

US Dollar – BCHtoUSD

British Pound Sterling – BCHtoGBP

Japanese Yen – BCHtoJPY

Euro – BCHtoEUR

Australian Dollar – BCHtoAUD

Russian Rouble – BCHtoRUB

Bitcoin – BCHtoBTC

About Bitcoin Cash

Bitcoin Cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.

More Bitcoin Cash news and information

If you want to find out more information about Bitcoin Cash or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started:


As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.

Bitcoin Remains on Hunt for $10K as Holding Sentiment Gains Strength – CoinDesk


Investors remain confident in bitcoin’s long-term prospects despite the cryptocurrency’s struggle to pass $10,000, according to a key on-chain metric.

The seven-day moving average of the total amount of bitcoin held in exchange addresses declined to 2,313,749 on Sunday – the lowest level since December 2018, according to data from blockchain intelligence firm Glassnode

Exchange balances have declined by nearly 13% over the last four months – a change indicative of a shift to a long-term holding strategy. “This could be related to more investors HODLing [holding], moving their funds to cold storage and/or keys they control themselves,” cryptocurrency exchange Luno noted in a weekly email update. 

Investors tend to move cryptocurrency from their wallets to exchanges to be able to more quickly liquidate holdings during a price crash or when they expect a price rally to be short-lived. 

However, bitcoin’s price rise from the March low of $3,867 has been accompanied by a decline in exchange balances. 

Further, the metric has been dropping over the last four weeks despite the cryptocurrency’s repeated failure to establish a strong foothold above $10,000 and lackluster, range-bound trading.

As such, it seems likely investors expect the ongoing price consolidation to pave the way for a stronger bull run and are holding on to their investments in the hope of bigger gains to come. 

The prospects of a continued upward move look strong, as the diverging trends in bitcoin’s price and exchange balances seen this year are the opposite of what we saw in the second quarter of 2019. At that time, exchange balances rose along with prices, suggesting a lack of confidence in a longer rally. 

As the cryptocurrency rallied from $7,900 to $13,800 in the five weeks to June 26, 2019, the seven-day moving average of exchange balances increased by nearly 6%. But bitcoin’s uptrend ran out of steam in the following two weeks, and prices had dropped to $8,000 by the end of September. The slide continued in the fourth quarter with prices hitting lows below $6,500. 

This time round, it seems, investors are more confident.

At press time, bitcoin is changing hands near $9,750, according to CoinDesk’s Bitcoin Price Index.

The cryptocurrency has defended sub-$9,400 levels multiple times in the last four days. The repeated dip demand, coupled with bullish developments on the longer duration technical charts suggest the path of least resistance is to the higher side. 

“Long-term momentum analysis is definitely upside-oriented in my opinion. [The] monthly Stochastic oscillator has just crossed over in a bullish banner after almost a year of bearish impact,” said Adrian Zdunczyk, a chartered market technician and CEO of trading community The BIRB Nest.

Disclosure: The author holds no cryptocurrency at the time of writing.


The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Precious Metals And Cryptocurrencies – Second Quarter 2020 Review (NYSEARCA:GLTR)

The precious metals sector of the commodities market posted a gain over the second quarter of 2020 despite a loss in palladium. Rhodium edged a bit lower, but silver, gold, and platinum all posted double-digit percentage gains. The move higher in the sector tuned a loss in Q1 into a gain at the end of the first six months of 2020 in the sector.

The composite of the four precious metals that trade on the COMEX and NYMEX divisions of the CME exploded 28.93% higher in 2019. In Q1 2020, the sector declined by 5.44%. In Q2, it gained 11.52% and was 2.81% higher over the first six months of this year.

In Q1, the outbreak of coronavirus and the upcoming US election caused volatility in markets across all asset classes. During the final week of February, risk-off conditions caused central banks around the world to ease, which continued to support the price of gold. In March, the US central bank lowered the Fed Funds rate to zero percent and launched bazookas of liquidity in the form of quantitative easing into the financial system. Throughout Q2, the Fed unleashed an unprecedented quantitative easing program that included both government and corporate debt issues. The US Treasury borrowed $530 billion from June through September 2008 in the aftermath of the global financial crisis. In May 2020, the Treasury borrowed $3 trillion, and more borrowing is likely on the horizon over the coming months. Double-digit unemployment in the US and outbreaks of the virus have taken a toll on the economy as businesses and individuals alike continue to suffer.

Global interest rates are at record low levels. The ECB followed the Fed with liquidity injections to stabilize markets as the virus took a high toll on members of the EU. US President Trump favors negative interest rates for the US, but so far, the Fed has rejected the notion. However, future shutdowns of the economy could force the hand of the central bank now that shot-term rates are at zero percent.

The dollar index rose to the highest level since 2002 when it reached 103.96 on the back of risk-off behavior in markets that caused buying in the US currency. Since late March, the dollar index has been moving lower as the yield differential no long supports a strong greenback versus the euro. The euro is the primary currency in the dollar index, with an almost 60% exposure.

The “phase one” trade deal between the US and China brought a return of optimism to markets in Q4, but that quickly ended as Coronavirus was the next issue facing China and the world. The world remains a volatile place, which promises to continue to provide support for some of the members of the precious metals sector in Q3 and beyond.

In the US, former Vice President Joe Biden is the nominee for the Democrats. The 2020 Presidential contest has the potential to be the most contentious in history, given the current environment in the United States. Meanwhile, coronavirus has taken a significant toll on the US as it leads the world in cases and fatalities.

In 2019, the prices of most digital currencies rebounded. In Q1 2020, many of the cryptocurrencies posted losses, but there were some gains. In Q2, the digital currency asset class posted gains, which could be a function of dovish central bank policies that weigh on the value of fiat currencies like the dollar, euro, and other legal tenders around the globe. Central banks can print currencies to their heart’s content in the current environment. Digital currencies are an alternative to traditional foreign exchange instruments as they operate independently from central banks, governments, and monetary authorities. As faith in governments and central banks decline, the cryptocurrencies become more attractive.

Precious metals are moving into Q3 after impressive gains in silver, platinum, and gold in Q2. Gold moved to new record levels in almost all world currencies except for the US dollar during 2019 and the first half of 2020. At the $1800 level, the yellow metal is closing in on the 2011 peak at $1920.70 per ounce. The Aberdeen Standard Physical Precious Metals Basket Shares ETF product (GLTR) holds a diversified basket of physical positions in gold, silver, platinum, and palladium.

Gold Review

Gold was 18.87% higher in 2019. In Q1, the precious metal continued to march higher as it gained 3.96%. In Q2, it moved 13.71% higher and was 18.21% above the price at the end of 2019. Gold traded in a range between $1450.90 and $1804.00 over the first half of 2020 and settled on June 30 near the peak at $1800.50 per ounce. The dollar index fell by 1.76% in Q2 but was 1.35% higher over the first six months of this year. Gold’s rise continues to be a testament to its overall strength considering the rising dollar since the end of last year.

Gold has not only been moving higher in dollar terms but also in euro and yen currency terms, which is the sign of a bull market in the precious metal.

Source: CQG

The weekly chart shows that gold has been moving higher in dollar terms since August 2018.

Source: CQG

The weekly chart of gold in euro currency terms shows price appreciation since late 2018.

Source: CQG

In yen terms, gold has also been in bullish mode on the weekly chart.

The GDX, which is an ETF that represents the leading gold mining companies, closed Q2 at $36.68 compared to $23.04 at the end of Q1 2020. GDX rose 59.20% in Q1 after falling 21.31% in Q1. The leading gold mining stocks outperformed the yellow metal in 2019, which was a bullish sign for the gold market. The stocks underperformed in Q1 as risk-off conditions weighed on prices of the mining shares, but the gold mining shares came roaring back in Q2 as they outperformed the percentage gain in gold by more than four-fold.

The GDXJ, the ETF that tracks the junior gold mining companies, closed Q2 at $49.58 after settling at $28.10 at the end of Q1 2020. GDXJ moved 33.51% lower in Q1 but was 76.44% higher in Q2. GDX and GDXJ underperformed the price action in gold in Q1 after significant gains in 2019. In Q2, the gold mining shares did a lot better than the metal, which is a bullish sign for the trend in the precious metal.

Source: CQG

The weekly chart illustrates that gold had been in a bullish trend since the mid-August 2018 low at $1161.40 per ounce. Gold hit a peak at just under the $1808 level on the continuous contract in late June. The price corrected to a low at $1450.90 during Q1 but turned higher and rose to the highest price since 2011 at the end of Q2.

Gold is moving into Q3, making higher lows and higher highs. Price momentum and relative strength were trending higher towards overbought conditions. The weaker dollar, which fell in Q2, is supportive of the price of gold. A dovish Fed is a supportive factor for the gold market. Central banks continue to be net buyers of gold. Central banks continued to buy gold in Q2, but Russia suspended its purchases.

Analysts at Citigroup raised their forecast for the price of gold in Q1, saying they expect the price to reach $2000 over the coming 12 to 24 months. Bank of America expects gold to rise to $3000 per ounce. Gold has made new record highs in all currencies, except for US dollars. In Q2, the Swiss franc fell to a new record low against gold. The rate cuts by the Fed, a return of quantitative easing, and accommodative central bank policy around the world are bullish rocket fuel for the gold market. While the risk of price corrections will rise with the price, I continue to believe gold is on a path for higher highs and a new all-time peak in dollar terms.

Meanwhile, the leader of the digital currency asset class moved higher over the second quarter of 2020, with Bitcoin rising from $6,440.61 at the end of Q1 to $9,135.53 at the end of Q2. The cryptocurrency rose by 41.84% in Q2 and was 26.41% higher over the first six months of 2020.

Silver Review

Silver was 15.32% higher in 2019. In Q1 2020, the price of silver plunged 21.01% as the precious metal underperformed the price action in gold. In Q2, silver came storming back after the dramatic downside spike in Q1 and was 30.98% higher for the quarter. Over the first half of 2020, silver was 3.46% higher than the price at the end of 2019. Silver traded in a range between $11.64 and $19.075 over the first six months of 2020. Silver fell to its lowest price since 2009 in highly volatile conditions in Q1 but outperformed gold in Q2. Silver is a highly volatile precious metal that attracts speculative interest when the price trends.

As we move forward into Q3, I will continue to watch the silver-gold ratio, which closed 2016 at 72.18 and climbed to 76.37 at the end of 2017. The ratio moved higher to 82.45 at the end of 2018. At the end of 2019, the ratio was at 84.99, 2.54 above the level at the end of the previous year. At the end of Q1, the price relationship between silver and gold was at 111.85, 26.86 higher over the three months, and at a record high. The ratio traded to over 124:1 during the first quarter when silver fell to the low. At the end of Q2, the ratio was at the 97.11 level, 14.74 lower than at the end of Q1.

The long-term pivot point for the ratio is around the 55:1 level. Silver underperformed gold in 2017, and the trend continued in 2018 and 2019. The weak performance picked up steam in Q1 2020 but fell below the 100 level at the end of Q2. Silver always has the potential to surprise. As we move into Q3, a continuation of bull market action in the precious metals sector could cause a sudden and dramatic change in the silver market. The next technical target for silver above the Q3 2019 high is at the peak from July 2016. The price action in Q1 did damage to the silver market, but the recovery established the move to below $12 per ounce as a blow-off low.

Source: CQG

As the weekly chart highlights, price momentum and relative strength indicators were above neutral territory at the end of Q2. There is a small gap on the weekly chart from $16.975 to $17.015, which could act as a magnet for the price during a correction.

Technical resistance is at the September 2019 peak at $19.54, which stands as the next level on the upside before the July 2016 high at $21.095. Silver blew through the early 2019, 2018, 2017 highs in Q3 2019 before it blew through the support levels on the downside. Silver is a metal that tends to surprise as we witnessed in Q1. Silver closed Q2 2020 at $18.541 per ounce on the continuous futures contract. Expect the unexpected in the silver market and you will never be disappointed.

Platinum Review

Platinum was the second-best performing precious metal in Q2 after tanking in Q1 2020. Platinum moved 15.18% lower in 2018, but it posted a gain of 22.05% in 2019. In Q1, platinum fell 25.43%, but it recovered by 16.05% in Q2. Platinum moved 13.45% lower over the first six months of 2020, as the metal continues to underperform the precious metals sector. Platinum is the only member of the sector that has moved lower since the end of 2019.

Platinum traded in a range between $556 and $1054.60 over the first half of the year and closed the second quarter above the midpoint of the range. In August 2018, platinum fell to its lowest price since the fourth quarter of 2003, a decade and a half low for the precious metal. In Q1, the price fell to $556, the lowest since 2002. Platinum is a metal that offers significant value on a historical basis compared to the prices of all of the other precious metals. However, in Q1, platinum tanked, and fell to the lowest price in almost two decades and underperformed gold, silver, palladium, and rhodium prices. In Q2, the price rallied, but the metal remains a laggard.

As I wrote in the past quarterly reports, “Investment demand has been absent in platinum, and its price has remained weak compared with gold. In September 2017, palladium began gaining on platinum and reached a $150 premium in December 2017. Platinum, like many other industrial commodities, posted a new multi-year low in early 2016 before the price corrected. However, platinum is also a precious metal with a history of attracting investor interest. Eventually, the value proposition for platinum will cause a reversion to the mean against both palladium and gold. I believe that price action dating back to 2008 may have soured many investors on the platinum market. In March 2008, platinum traded to its all-time high at $2308.80 per ounce, and by October of the same year, it fell to $761.80. Over a seven-month period, the precious metal fell $1547 or 67%. The price action in 2008 may have scared investors and traders away from long-term structural positions in the platinum market because of its penchant for volatility and lack of liquidity during that period. However, compared with gold and palladium, platinum has a higher production cost, it is rarer, denser, and has a higher boiling and melting point. These characteristics could one day ignite the price of the metal that has been in a funk since 2014 compared with the other precious metals.” In Q2, platinum moved higher and posted a double-digit percentage gain.

Meanwhile, the fifteen-year low in platinum in Q3 2018 caused some primary producers in South Africa to close mine shafts where higher-cost production is no longer viable as the market price is below the cost of extraction. However, gains in palladium and rhodium over the past years could eventually cause industrial users to turn to platinum as a substitute because of its higher density and higher resistance to heat. Platinum still has lots of catching up to do when it comes to the price action in palladium and rhodium.

Source: CQG

As the weekly chart shows, price momentum was trending lower below neutral territory at the end of Q2. Relative strength was also under a neutral reading. The quarterly chart was just below neutral territory. The monthly chart was on either side of a neutral reading at the end of Q2.

Platinum continues to be a metal with a compelling case for a significant price recovery. However, it also continued to hand out pain to anyone dipping a toe into the platinum market on the long side during attempts at a rally. Platinum has not traded above the $1035 level since early 2017.

Palladium Review

The price of palladium increased in value by 59.48% in 2019. Palladium was the star performer in the commodities market in 2019. In Q1, the bullish party continued as the price of palladium rose by 20.71%. In Q2, gravity hit the palladium market as the price fell by 14.66%. Palladium was still 3.02% higher than the price at the end of 2019 on June 30.

Palladium, a platinum group metal, is a rare precious metal. Russia, more precisely the Norilsk Nickel mines in Siberia and South Africa, produces the majority of the world’s palladium. Like platinum in Russia, palladium is a byproduct of nickel production. Before the explosive move to the upside, the previous all-time high for palladium came in January 2001 at $1090 per ounce. In Q1, the metal peaked at $2815.50 per ounce. Palladium underperformed platinum, its sister metal, in Q2, but the price remains historically high against platinum at the end of the first half of 2020.

Palladium’s correction of 14.66% was not a surprise, but it is impossible to pick a top in a market. The risk in the palladium market increased with the price, and palladium has become a lot more volatile over the past months with the daily and weekly historical measures of price variance rising to well over 100% in March and April. The palladium market was in deficit as supplies could not keep up with demand as Coronavirus spread. The demand for palladium-based catalytic converters around the world that clean emissions from the air have exploded over the past years. However, the slowdown in the global economy was a bearish factor for the precious metal. Palladium was at $1966.90 per ounce on June 30. Betting against the rally in palladium had been a losing proposition since early 2016, but in Q2 it was a profitable approach to the illiquid market.

While palladium underperformed all precious metals in Q2, it had been the consistent star of the sector over the past years. Rhodium, another PGM that had been a bullish beast, put in a marginal decline in Q2.

Source: Kitco

Rhodium rose to a new record high in 2020, but gravity hit the rhodium market during the risk-off period in March. Throughout most of Q2, the price of rhodium was steady and edged higher despite the loss on the quarter-by-quarter basis.

The price strength in both the rhodium and the palladium markets over the past years could eventually impact the price of platinum, which has a higher resistance to heat, is denser, and is the only platinum group metal that has a history of significant investor demand. The price action in platinum was encouraging in Q2, but the price remained at a depressed level compared to gold, palladium, and rhodium.

The price situation in platinum had become so dire that primary producers in South Africa trimmed output at higher-cost mines, causing the shortage of rhodium, which is a byproduct of platinum production. At a $1126.20 discount to palladium and an almost $5960 per ounce discount to rhodium, platinum is the wiser economic choice when it comes to most consumer requirements for platinum group metals these days. The value proposition for platinum continues to be compelling as we move into Q3, but that does not mean that the spreads at divergent historical levels cannot move further away from norms, as I wrote throughout 2019. Platinum has been a very frustrating investment, while palladium and rhodium have offered incredible rewards since 2016. It could be only a matter of time before a magnetic parabolic move in the platinum market occurs. In Q2, platinum displayed some signs of life, but the price will need to move above the $1035 per ounce level to encourage investment demand.

The bottom line and cryptocurrencies

Palladium and rhodium fell in Q2, while silver, platinum, and gold posted gains. At the end of the first six months of 2020, gold is the leader with an over 18.2% price jump. Silver tends to attract the most speculative demand, and it displayed signs of bullish life in Q2. The prospects for Q3 and beyond are different for the various metals. Palladium and rhodium are industrial metals. The decline in platinum output should continue to provide support for rhodium, but it is at a lofty level at an all-time high. When it comes to palladium, rising demand for catalytic converters across the globe is supportive of the price of rare metal. The decline in open interest is a sign of rising illiquidity, which increases the potential for wild price swings on the up and downsides. Economic contraction could weigh on the demand for new automobiles and palladium.

A weaker dollar is typically bullish for gold and other commodities, but they had rallied even as the dollar moved to higher levels in 2019 and early 2020. Currency markets became highly volatile during the deflationary spiral in markets in March, and the dollar index has been trending lower since the period of increased price variance. Meanwhile, central banks and government stimulus weigh on the value of all fiat currencies. While they can print legal tender to their heart’s content, the only way to producer more gold is to extract it from the crust of the earth. Central banks hold the yellow metal as an integral part of their foreign exchange reserves, which validates gold’s role in the global financial system. As we head into the second half of 2020, the landscape for gold remains highly supportive of higher prices for the precious metal.

Meanwhile, lower interest rates and falling currency values worldwide provided support for the level of digital currencies in Q2.

In Q2, Bitcoin rose 41.84% and was 26.41% higher since the end of 2019. Ethereum moved 68.67% higher in Q2 and was 77.85% higher over the first six months of this year. Litecoin’s value moved 6.16% to the upside in Q1 and was only 0.91% lower in 2020. Ripple was 0.12% lower during the first quarter and fell 9.24% since the end of December 2019. Bitcoin Cash rose 0.72% in Q1 and was 7.48% higher so far this year. Bitcoin Gold gained 40.47% in Q1 for a total gain of 88.79% in 2020. The market cap of the entire digital currency market, which comprises 5,688 tokens, up 403 from the end of Q1 20202, increased from $181.094 billion at the end of Q1 to $259.705 billion at the end of Q2 2020 or 43.41%. The market cap moved 35.31% higher since the end of last year. The market cap peaked at over $800 billion in December 2017. Bitcoin underperformed the sector in Q2 and throughout the first six months of 2020.

The significant increase in new tokens diluted the asset class. An ETF product that trades on the stock exchange and solves the custody issues could turbocharge gains in the world of cryptocurrencies. However, governments continue to express concerns as they will not relinquish their control of the money supply to the new breed of currency instruments. China and Russia have currencies that are not fully convertible, so those governments are likely to crack down on digital currencies. In those countries, the need for cryptocurrencies is compelling for individuals. The US remains concerned about the rise of the popularity of the instruments. Congress was uniformly opposed to Facebook’s attempt to put together a consortium for the Libra token.

Meanwhile, I am bullish on the digital currency asset class as it is a rejection of central bank and government management of the money supply in individual countries and from a global perspective. The rise of the asset class is a freight train that could be impossible to stop. However, I expect lots of wild volatility. I would only buy Bitcoin or the other tokens during periods of price weakness.

I am going into Q3 with the same bullish orientation to the precious metals sector at the end of Q1 and 2019.

The GLTR is an ETF that represents a basket of the four precious metals that trade on the COMEX and NYMEX divisions of the CME for those who want exposure to the sector without trading the individual metals. GLTR is a liquid instrument with $548.09 million in net assets, and an average of 35,142 shares trading each day. Both the net assets and average daily volume decreased from the end of Q1 2020. The top holdings of GLTR include:

Source: Yahoo Finance

Precious metals may continue to be one of the most exciting sectors during the second half of 2020, given their long history as monetary instruments and stores of value. GLTR moved from $75.10 at the end of Q1 to $83.53 per share at the end of Q2 2020, an increase of 11.22% for the quarter that ended on June 30. GLTR kept pace with the composite given GLTR’s holdings, which were 60.29% invested in gold and 22.49% in silver. Gold and silver were 13.71% and 30.98% higher for the quarter, respectively. The next leg of the bull market in gold began in the early 2000s. It continued in 2019 and the first half of 2020. The prospects for Q3 continue to look golden. Expect lots of volatility in all members of the sector over the coming months.

Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.

The Hecht Commodity Report is one of the most comprehensive commodities reports available today from the #2 ranked author in both commodities and precious metals. My weekly report covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. I just reworked the report to make it very actionable!

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis.

The author is long gold, silver, and platinum.

Cardano at One-Year High on Shelley Upgrade – CoinDesk

Cardano (ADA) continues to skyrocket.

The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019. It has rallied by a staggering 170% in the second quarter, according to CoinDesk data

At press time, ADA is trading near $0.098, representing a 200% year-to-date gain. Its bitcoin-denominated price (ADA/USD) also clocked a one-year high of 1,120 satoshis (0.00001120 BTC) last week. 

Cardano-specific factors look to have fueled the big price rally, given that bitcoin, the top cryptocurrency and an anchor for crypto markets, has gained just 30% so far this year. 

According to Daniel Ferraro, marketing director at blockchain intelligence firm IntoTheBlock, ADA’s impressive rally is the result of the excitement surrounding the “Shelley” upgrade, which would make Cardano 50 to 100 times more decentralized than other prominent blockchain networks. Further, it will introduce an incentive scheme, or staking, designed to reach equilibrium around 1,000 stake pools.  

Staking refers to the process of holding coins in a cryptocurrency wallet to support the operations on a blockchain in return for newly minted coins. It is similar to earning interest on a fixed-income investment such as bonds. 

Read more: Compound’s ‘Yield Farmers’ Briefly Turned BAT Into DeFi’s Largest Coin

An incentivized testnet (ITN) was launched in December 2019 to allow ADA holders, who acquired coins before November, to earn real staking rewards by participating in the testing of the Shelley upgrade. Currently, there are over $13 billion ADA staked on ITN, according to itn.adapools.org

“The price rise seen over the past couple of months was likely fueled by the launch of staking on ITN,” said Simon Peters, crypto market analyst at investment platform eToro, who added, “The ITN phase is over and the focus now is on the mainet, which will go live once the hard fork takes place later this month.” 

The first node deployed to the mainet on July 1, containing all features that will be implemented following the hard fork, expected to happen on July 29.

Following the completion of the upgrade, ADA investors, irrespective of the size of their holdings and the date of acquisition, would be able to earn staking rewards and delegate their coins. 

The lure of making passive income by staking and participating in network activities is likely to keep investor interest in the cryptocurrency high. 

Sell the news?

“The Shelley upgrade will be another case of buy the rumor, sell the news,” Mostafa Al-Mashita, vice president of digital liquidity firm Secure Digital Markets, told CoinDesk in June. 

“Buy the rumor, sell the news” refers to a situation where the price of an asset rallies in the days or months leading up to a highly anticipated positive event and drops on profit-taking after the event has happened. 

ADA has carved out impressive gains over the past few months and may remain better bid ahead of the July 29 mainnet launch. Were investors to “sell the news,” the cryptocurrency may face some downside pressure in August. 

Read more: Search for Yield Drives Ether’s Put-Call Ratio to One-Year High

Over 80% of Cardano’s total supply of 31.112 billion coins is currently “in the money” or making a profit, of which 4.16 billion coins have been acquired at an average price of $0.087, according to data source IntoTheBock.

Cardano addresses
Source: IntoTheBlock

To put it another way, the acquisition cost of more than 4 billion coins is just 11% below the current market price of $0.098. 

As a result, these holders may be tempted to take profits if prices begin to fall and their actions would add to bearish pressures around the cryptocurrency, possibly leading to a deeper decline. 

Also, ADA-related sentiment in Twitter is extremely bullish at the moment, according to data provided by the blockchain analytics form Santiment

Twitter sentiment
Source: Santiment

“For many coins, extremely positive sentiment can coincide with a local top or short-term price correction, as the crowd reaches ‘peak hype’ and some of the whales begin to offload their bags on the increasingly optimistic bulls,” Dino Ibisbegovic, market analyst at Santiment, told CoinDesk.


The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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