Bitcoin falls below $4000

The corrective phase: Bitcoin price falls below $4,000
15 August 2017   2927

Bitcoin price falls below $4,000 losing over 10% in value after reaching a new all-time record high above $4,400. At the time of writing, the price is around $3970.

Bitcoin price chart on coinmarketcap.com Bitcoin price chart on coinmarketcap.com

As the data from the Bitstamp Price Index shows, Bitcoin price reached $4,400 during the early hours of Tuesday around 02:00 AM (GMT). Then, the trading period over the day saw Bitcoin’s value slip back toward $4,200 around 07:00. A sharp drop at 11:00 resulted in Bitcoin price dipping to $3,925.

Data on Bitcoin price from the Bitstamp Price Index Data on Bitcoin price from the Bitstamp Price Index

As Sheba Jafari, Goldman Sachs' chart analyst, claims, Bitcoin is riding a “fifth wave", so this rapid price fall must be the correction phase after which, according to the predictions, the price may drop to about $2,000.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   344

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.