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Today's Biggest Gain in Bittrx Exchange (+70%) was Blitzcash.
What's good news for Blitz?
Blitzcash is a side chain of Stratis Platform.
Blitzcash is a decentralized crypto currency which seeks to provide real world application of blockchain technology through the tools and platforms Blitz has to offer. Blitzcash represents the core of all Blitz projects, benefiting holders through the Blitz Reward program.
(to find more: http://blitz.cash/)
What's with the soar? What's good news?
source: https://www.techtimes.news/blitzcash-soars-after-snap-invests/
BlitzCash Set To Soar After Leak Of Massive Snapchat Investment, Analysts Predict 33X Growth
Several news outlets have confirmed that social media giant Snap Inc(NYSE: SNAP) has come to an agreement to make a “massive” investment in Blitzcash (BLITZ).
Although the deal hasn’t officially been announced yet, several high-ranking sources within the company speaking under the condition of anonymity have confirmed the monumental investment as SNAP doubles down on its investments outside the digital marketing space (Spectacles, Blitzcash, etc.) Estimates currently put the total amount invested into the Blitzcash’s blockchain technology at somewhere between 10-15 million dollars.
Blitzcash is only currently being traded on the Bittrex exchange.
Tech Times News reached out to Sheba Jafari, Goldman Sachs analyst and head of technical strategy for a comment on the impact such a monumental investment by a publicly traded company would have on Blitzcash:
“The price of BLITZ is currently absurdly undervalued given the news that just transpired. With a price of just $1.30 just a day ago and a market cap of $5.2 million, a more appropriate target price would be $42.73 given the the fact that it only has a little over 4 million coins in circulation which would give it a $174.5 million market cap, .”
Blitzcash, which is also the first sidechain of Stratis (STRAT), is said to be in process of aggressively rolling out The Viral Exchange platform to the masses. Users on The Viral Exchange can earn Blitzcash every time a user likes, follows, swipes, or views another members’ social media asset.
Early chatter suggests that Snap’s investment seems to position Blitzcash for mass consumer adoption via social media integration in The Viral Exchange.
Join TVE(The Viral Exchange) and be affiliated ↓
https://theviralexchange.com/?ref=CFTOIkdCKYJY
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