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The Whale Alert Twitter account has reported a quarterly payout of $99,000 on the first blockchain bond launched by the Santander banking group on the Ethereum ledger back in September.
In the comment thread, some users now say they expect the ETH price to spike.
The first Ethereum-based bond from Santander
The Banco Santander press release from September 12 says:
“The bank issued the bond directly onto the blockchain and the bond will also continue to exist only on the blockchain: a first step towards a potential secondary market for mainstream security tokens in the future.”
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“The goal for Santander CIB is to engage with our most innovative clients as we move from the project stage to product development.”
The issued bond is worth $20 mln and one of the banking group’s units purchased it. It was settled via Ethereum as well via tokenized cash.
Whale Alert reports the first quarterly payout
The Twitter bot that follows large transactions on various blockchains has published the data on this particular payment made in three parts, providing links to Etherscan.
? A #santander bond that was settled on #ethereum has accrued the first 99,000 USD quarterly interest. The series of transactions that are part of this are:https://t.co/sWIfjFirnehttps://t.co/wBYHhPL0hjhttps://t.co/hUu7bHNIKy
— Whale Alert (@whale_alert) December 10, 2019
One of the users in the comment thread has assumed that the price of ETH should surge after this.
Vladislav SopovCrypto traders going bullish on ETH
A crypto trader @TheCryptomist writes that the ETH price has been in the Falling Wedge pattern for three days now. After staying in this pattern, an asset price is often likely to make a bullish reversal.
The Cryptomist sees only one opportunity for bears to take over, however, she is inclined to be ETH-bullish.
$Eth
— The Cryptomist (@TheCryptomist) December 10, 2019
You can see the stop hunts below support of this 3 day falling wedge, but support stands
1D - Heikin Ashi displays possibility of reversal
Only hint of bearish I can see is the double top on RSI
Am monitoring this -could be rewarding move up, which will push alts also pic.twitter.com/uxdDAZlYFa
There is another major factor for Ethereum that makes many believe in its bullish movement at least in the long-term – on December 8, the Istanbul hard fork took place, which promises to solve scalability issues and make the blockchain ditch the Proof-of Work algorithm for the Proof-of-Stake one.
Another trader made a bullish forecast on ETH, saying that in summer 2020 the price may hit $423.
Vladislav Sopov
Dan Burgin