Latest Market News
Stellar is still up by around 13% on the day despite the latest sharp cut in the price of Bitcoin, which has caused the cryptocurrency market as a whole to fall significantly. Overtaking Cardano, XLM is currently not just the 10th largest cryptocurrency in the market, but also the best performer among the top 20 coins.
Fears of a looming global recession have led institutional investors such as pension funds to look to other financial instruments that are perceived to be less risky and more likely to garner long-term returns.
As we move through September, and continue to move into the second half of the year, this week’s choices are set to benefit from significant developments 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.
Popular cryptocurrency exchange Kraken has listed ICX, the native asset of the interoperability-focused ICON blockchain network.
It's still hard to present blockchain, Bitcoin, and other investing opportunities behind arising from innovative technology to future pensioners, as they are focused on steady, guaranteed paybacks of their hard-earned fiat money.
As we move through September, and continue to move into the second half of the year, this week’s choices are set to benefit from significant developments 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.
Dapix Inc., the initial developer of the FIO Protocol, has raised $5.7 million in a Series A funding round headed by Binance Labs.
Litecoin has continued to suffer losses over the past 2 weeks, dropping a further -11% to reach the current trading price of $65.5. During the 14-day period, Litecoin has fallen beneath a major long term support trend line which we had expected to provide support for the market.
Over the last month, most altcoins have been facing serious bearish action as prices saw major corrections. Meanwhile, the August sell-off has made Dogecoin plunge below an ascending trend line (yellow), which has been acting as a pennant support line since April.
After peaking at around $4.4 in late June, ChainLink saw a significant price drop below the long-term ascending trend line (orange), breaking the important support level at $2. As we can see on the daily chart, the market is now subdued with choppy price action. LINK is down by 4.3% on the day, with sellers leading the direction of the market.
