Nushares Lose Their Luster, Lose Two Thirds of Value in Three Weeks
When Nushares (NSR) were flying three weeks ago, they defied a severe downturn across crypto markets, rising as much as 50% to become the 12th highest valued cryptocurrency. The begging question was if the rally will continue, particularly since there was little fundamental driving force behind it.
NSR has now given up all of its 2015 gains. On BTER, its primary trading venue, it is now trading at 2,200 satoshi ($0.00495)--roughly two thirds off (in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that terms) its mid-January peaks near 6,600.
It has fallen to 16th rank in market cap, worth just over $3 million, just ahead of YbCoin.
NuShares is a Peercoin-driven project, a more customized version of Peershares. In possessing some similar traits as other Bitcoin 2.0 currencies, shares can be used for voting on the “Nu” network.
In light weekend trading, the equivalent of $35,000 has changed hands during the past 24 hours, 8th highest among Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw .
Losing 40% during the past week, it has been the worst performer among the top twenty, even outpacing Paycoin and Counterparty.
The losses are a continuation of its contrarian behavior to the broader crypto markets which on average are trading higher during the same 3-week period.
It is still trading well above its all-time lows near 700 satoshi reached shortly after launch. The multifold swings experienced over the past three months indicate that under the currently volatile conditions, a sound bottoming process is needed before it can retrace higher.
When Nushares (NSR) were flying three weeks ago, they defied a severe downturn across crypto markets, rising as much as 50% to become the 12th highest valued cryptocurrency. The begging question was if the rally will continue, particularly since there was little fundamental driving force behind it.
NSR has now given up all of its 2015 gains. On BTER, its primary trading venue, it is now trading at 2,200 satoshi ($0.00495)--roughly two thirds off (in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that terms) its mid-January peaks near 6,600.
It has fallen to 16th rank in market cap, worth just over $3 million, just ahead of YbCoin.
NuShares is a Peercoin-driven project, a more customized version of Peershares. In possessing some similar traits as other Bitcoin 2.0 currencies, shares can be used for voting on the “Nu” network.
In light weekend trading, the equivalent of $35,000 has changed hands during the past 24 hours, 8th highest among Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw .
Losing 40% during the past week, it has been the worst performer among the top twenty, even outpacing Paycoin and Counterparty.
The losses are a continuation of its contrarian behavior to the broader crypto markets which on average are trading higher during the same 3-week period.
It is still trading well above its all-time lows near 700 satoshi reached shortly after launch. The multifold swings experienced over the past three months indicate that under the currently volatile conditions, a sound bottoming process is needed before it can retrace higher.