Latest Market News
Bitcoin Dominance just climbed above the 200-days EMA
As we move into Q2, a number of crypto projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Bitcoin has seen modest gains for the past 3 days after the huge bull break to $9,500. The digital asset is now trading above $9,000 again with decreasing trading volume and an overextended RSI on the daily chart
At this moment, Bitcoin and its capacity do not compare to that of international banks and fiat money. While Visa handles an average of 150 million transactions every day or around 1,736 TPS, Bitcoin can process around 2,759.12 transactions every ten minutes ( the average time it takes to mine a new block). Therefore, only 4.6 transactions per second can be guaranteed with the current Bitcoin system, which is a big issue for widespread adoption and its chances of replacing fiat monetary systems.
Stock exchange operator Nasdaq has partnered with enterprise blockchain development firm R3 to work on solutions for digital asset marketplaces. Nasdaq’s Market Technology division will be using R3’s flagship Corda blockchain platform to help build trading platforms for digital assets.
As we move into Q2, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
XRP saw a 3% price increase over the past 24 hours of trading, however, the cryptocurrency is still struggling to break above the $0.20 level. The coin has pretty much been range-bound between $0.18 and $0.202 during April 2020 and a breakout of this range will dictate the next move for XRP.
New and emerging trends in XRP and Chainlink are shaping the future of cryptocurrency markets. Notably, XRP is entering a bearish trend with the mass exodus of Ripple's Telegram users and a dramatic 95% drop in price since January 2018. On the other hand, Chainlink seems to be entering a bullish trend with a 200% surge in price since the beginning of the new year.
Ethereum saw a 4% price decline over the past 24 hours of trading as the cryptocurrency drops toward $170.
This week we had released an article suggesting three top coins for you to watch this week, April 20th - 26th. The coins are Fetch.AI, OKB and Matic Network
