And yet another month has passed in which we’ve come more and more accustomed to working from home and staying away from other people when walking around outside. Some countries start slowly easing their lockdown with the hope that demand will come back and fuel a fast recovery.
In the meantime, it’s been business as usual for us at the Bitcoin.com Exchange. Here a quick overview of the events that shaped our May.
The highly anticipated halving of Bitcoin happened during the 2nd week of May. A lot of price predictions had been made before the halving, with many hoping that Bitcoin would break $10,000. This did happen but, it didn’t last long and currently, Bitcoin is back trading around $9560.
Nevertheless, the case for bitcoin as a safe haven asset is still standing and in comparison with other markets, it has performed very well despite the crash in March.
In May, we continued to list exciting digital assets on our exchange.
We listed MATIC in the middle of the month. Matic is working on bringing scalability to Ethereum with its highly-sophisticated layer 2 solution. Matic network leverages side-chain technology and enables dApp developers to build dApps that scale and are user-friendly. Matics token can be traded with BTC and BCH on our exchange.
The performance of Bitcoin has not fulfilled the expectations of those who hoped the price would climb after the halving. Nevertheless, there is one token that lets traders benefit from a downwards trending Bitcoin price: BTCSHORT. We’ve listed BTCSHORT on May 20th and it can be traded against USDT.
With most of us staying at home a lot more than we’re used to, deprived of our usual lifestyle with going out. This could act as a catalyst for many technologies, one of them: Virtual Reality (VR). Sensorium is combining the best of Blockchain with Virtual Reality to allow anyone to socialise securely in VR. The network is powered by the SENSO token that is for the first time tradeable against BCH on our exchange.
SWITCH is building a decentralized exchange platform that lets users easily swap and trade cryptocurrencies. They also offer anyone the option to white-label their solution. At the beginning of the month, their token ESH outperformed the market, growing more than 7-fold. You can trade ESH on our exchange against BTC and ETH.
Competitions and an airdrop
We were also actively running different activities on our exchange starting with the $5000 MATIC trading competition. To celebrate the listing of switch, we gave 10,000 ESH to traders and finally, we supported the airdrop of GHOST — the new privacy coin developed by John McAfee — to ESH holders. All ESH holders on our exchange successfully received their portion of GHOST. We also activated trading for GHOST-ETH so traders could immediately start trading their newly received GHOST.
For June, we’ve planned quite some interesting activities so stay tuned 😉