Altcoin Bull Rages Again, As BSV Tanks After Getting Delisted

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Altcoin Bull Rages Again, As BSV Tanks After Getting Delisted

By Tom Whitbread
April 18th, 2019

Alt-coin markets are seeing double digit percent gains again today, as many alt-coin projects breakout and head for higher highs, whilst BSV (a fork of Bitcoin called Bitcoin Satoshi Vision) dies a final death after being delisted from major exchanges.

  • Augur (REP) bulls ran +14% up to $22.13
  • Tezos (XTZ) trading up +12% at $1.30
  • Basic Attention Token (BAT) pushing +9.25% at $0.35
  • Bitcoin SV down -37% since launch as it's market-cap drops below $1bln

Markets have been heating up over the past week, as we enter the Easter period and have a brief break for the bank holiday weekend. 

With many Alt-coin markets leading gains, posting higher highs as markets digested the news of Binance, Shapeshift and Kraken taking the move to delist Bitcoin SV. 

Bitcoin SV Delisting

Controversy surrounding the projects leadership has run rampant since the conception, but the straw that broke the camels back was legal threats made to twitter users after the projects leader Craig S Wright rage quit twitter after being continually questioned about the legitimacy of his claims.

CEO of Binance, Changpeng Zhao (CZ) came forward first to delist BitcoinSV from the exchange, to which Shapeshift quickly followed suit.

Shortly after this Kraken also announced they will be dropping BitcoinSV from their platform, and it is anticipated whether more exchanges will decide to follow in the coming weeks.

“This move was all about money and power,” says Olta Andoni, head of Ziliak Law’s blockchain practice and an adjunct professor at the Chicago-Kent College of Law. “This was done in retaliation of a personal feud and was not based on any ethical principles.”

Binance CEO Changpeng Zhao (CZ) making his stance clear 

Holo (HOT)

A platform for building scalable peer-to-peer apps on, with no centralized server, and no middlemen. Holochain aims to create a more human internet and welcome in the new era of 'what comes after blockchain'

Holo literally provides user liberation from corporate control of your digital life, and is client centric, rather then server focused - meaning your data is not being farmed on some huge datacenter somewhere in the cloud, but rather just being used by yourself, and the peers you choose connect to for the actions you specify.

Learn more:

Augur (REP)

Open-source prediction markets protocol for creating markets on stuff like predicting political outcomes, weather and also hedging in currencies, commodities or stocks etc. Augur works with Ethereum and it's own token REP.

You can create a market, or join one already created by other users and go long or short on the possible outcome of the event - like for instance an election.

Learn more:

Tezos (XTZ)

Stakeholders govern the Tezos blockchain, which has support for Smart contracts and works on a Proof-of-stake consensus algorithm.

Tezos is innovative in that fraudulent activity on the network is proactivity looked for by the protocol and punished when found. Additionally new tezos are minted through the process of baking, which requires stakeholder to stake their funds to validate transactions, in which they are paid rewards.

It's a different take on mining coins and has proven hugely popular, with Tezos being in the top 20 cryptocurrencies ordered by market capitalization, and has a daily volume of over 1.5k BTC being traded.

Although after trading sideways, yielding at its lowest level of support for months, the coin is now seeing a swift uptick in it's market cap and token valuation and is definitely one to watch as there is a huge upside potential.

Learn more:

Are you interested in any of these projects or just into the big caps? Please leave your thoughts in the comments!