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TikTok vs. Crypto, bitcoin gains and Best deal provider of July

Welcome CoinCompanions, corona is still holding grip on the world and it is not letting go! Markets crash, countries and cities are being locked down and the chances are big that we have to deal with the virus in 2021 as well. Please, be kind to each other and keep your distance as much as possible. Safety first!


Source: Tenor.com

Dogecoin rises due to TikTok

One of the social side affects of the pandemic is called (the rise of) TikTok. TikTok is an app to make short videos and mostly doing dance ‘challenges’, where (bored) people are spending their time on, instead of Facebook or Instagram. In the 2nd week of July crypto meme Dogecoin became famous on the viral video platform. But, what do TikTok and Dogecoin have in common? Well, nothing actually. A couple TikTokkers (active users on the platform), who are interested in investing, stumbled upon the ‘cheap’ crypto with the thought of the formula ‘buy x shilling to € 0.01 = to the moon and sell’! So the encouraging challenge started, video after video, share after share, hyped users and viewers of TikTok start buying the crypto. The price nearly doubled from € 0.002179 to € 0.004293.

Dogecoins dancing due to TikTok rising 2020
Source: Steamcommunity.com

Of course, after the ‘rally’ of four days the price declined hard as early buyers sold their part, leaving a lot unexperienced buyers with overvalued Dogecoin in their bag. It was a classic social media orientated pump and dump.
If you are new to crypto investing, please do some research and do not let hype and your emotions take over.

Bitcoin gains

What wasn’t a pump and dump is the high gain on bitcoin that started on the 25th of July with a 2020-high in July of € 9711.96. One of the biggest reasons of the gain was that tech stocks are too expensive, silver and gold already had big gains where gold has reach an all time high, which made it interesting for investors to put their money in bitcoin as a safe haven. As of writing the current average buy price on CoinCompare is steady around the € 9600.-. Let’s hope the rise continues.

Further in this Buzz of July; CoinCompare, monthly Throwback, Crypto listings, the top 5 ups and downs and of course, as always the recurring Best deal provider of the month announcement!

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Throwback

A couple notable developments and happenings:

Bitvavo exchange launches their iOS and Android app Grey rocket with red wings flying

Trezor integrates BTC Direct

Tiktokkers pump (and dump) Dogecoin with challenge

Bitladon lowers their fee from 2% to 1.5%

Dutch bank ING joins Global Digital Finance

Prominent Twitter accounts hacked simultaneously

Crypto listings and top 5 ups and downs

We got a couple listings and delistings in July. Bitladon listed Energy Web Token (EWT), GET Protocol (GET) and Synthetix Network Token (SNX) of which they are the only provider for those on CoinCompare. Let’s check out the rest of the overview below of which crypto’s have been listed and delisted at our largest providers:

Listed

Delisted

Knaken:
Knaken:
Bitladon: Energy Web Token (EWT), GET Protocol (GET), Kava (KAVA), Synthetix Network Token (SNX) Bitladon: Aeron (ARN), Lunyr (LUN), Paxos Standard (PAX)
Coinmerce: Elrond (ERD), Ren (REN) Coinmerce: Aeron (ARN)
Bitvavo: Bitvavo:
LiteBit: LiteBit:
Anycoin Direct: Anycoin Direct:
Coinbase: Algorand (ALGO)
Coinbase:
BLOX: Binance Coin (BNB), Cardano (ADA), Tezos (XTZ) BLOX:

As of writing the total amount of unique and price comparable crypto, per the largest provider, are as following in compare to previous month:

Knaken 210 ()
Bitladon 200 (+1)
Coinmerce 138 (+1)
Bitvavo 58 ()
LiteBit 53 () Currently under going maintenance due to wallet support. Among them are Monero, NEM and Zcash. Full article here.
Anycoin Direct 26 ()
Coinbase 24 (+1)
BLOX 17 (+3)
———————————
CoinCompare 173 (+1)
CoinWall 320 (+2)

We started July with 172 crypto’s where we compare the prices of. With the additions and removals the total amount has become 173 different crypto’s on our unique one page price comparison overview. On CoinWall we are now supporting 320 crypto’s to choose from.

Hereby the biggest ups and downs of July, wherein Spendcoin (SPND) came out victorious:

Ups

Downs

+598.04% Spendcoin (SPND) -78.11% Cosmo Coin (COSM)
+289.10% Akropolis (AKRO) -69.93% SPIN Protocol (SPIN)
+233.69% Bluzelle (BLZ) -62.92% APIX (APIX)
+233.33% VeThor Token (VTHO) -45.71% PlayChip (PLA)
+225.32% Voyager Token (VGX) -44.33% Maecenas (ART)

 

Best deal provider of the month

Here are the best deal providers of the month July. Over the past month 13 providers with 176 comparable crypto’s and 352 buy and sell prices are monitored to come to the following result:

Bitladon! Adding four new crypto, removing three and lowering their VIP 1 fee from 2% to 1.5%, Bitladon is again CoinCompare’s number three with 64 entries and a 18.18% share in July Yellow orange emoji star. Their recent fee reduction did not result in significantly higher entries. It is still one of the highest fees among the providers on CoinCompare. To get more discount you have to trade more than € 1.000.- within 30 days to get to VIP 2. Only than a fee of 1% shall be settled. Keep in mind that some competitors handle a fee of 1% or less at the start. Do your research of which provider suits best.

Bitvavo! To get equal or ahead of competition Bitvavo finally launched their exchange app on the 2nd of July for iOS and Android Grey rocket with red wings flying.
To celebrate the launch you could trade up to € 1.000.- a day on the app and didn’t have pay for any trading fees over July. The app looks great, is simple, fast, user friendly and what we especially like is that it supports dark mode. Also the user access with pin code log-in is very efficient in compare to e-mail log-in. Great job on the app Yellow hand with thumbs up. Steady holding the silver with 110 entries and a total share of 31.25%

Coinmerce! Not a lot of listing activity, as behind the scenes we know that Coinmerce is busy with design updates and their new upcoming functionality Swaps. With Swaps the trader has the option to trade crypto vs. crypto. A good addition to the platform! By adding Elrond (ERD) and Ren (REN) Coinmerce made the prices of those crypto comparable against the prices of Bitladon. Of course Coinmerce with the best deal prices. With 144 entries and a 40.90% share, it is at Coinmerce you want to be for the best deals in general, as they are again the number 1 Best deal provider on CoinCompare .

Broker of the month at CoinCompare

The best deal provider of the month is determined independently with the average of cumulating snapshots of buy and sell prices of all the best deals that are shown on our homepage. Logically, the larger the variety of crypto offered, the most chance of becoming the winner. In the end it is still the price of the crypto that matters as it has to be comparable. Discounts in Tiers and VIP levels are not included in the calculation. As deals change several times a day, due to the volatility of prices, the provider with the best deal can therefore change as well. Due to that fluctuation we take two snapshots per day to the determine the provider for that day with the most entries on our price comparison page.

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