Latest Market News
Cryptocurrency exchange operator Coinbase continues with its aggressive policy of listing new cryptocurrencies. The company has published a list of 8 digital assets that they are considering for a potential listing: DASH, ATOM, ONT, DCR, WAVES, ALGO, MATIC and ONE.
As we move into the month of August, this week’s choices are set to benefit from significant developments and promotions 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.
Whether we’re talking about newbies in the blockchain sector or hardened veterans, there’s still often confusion about accurately describing key concepts of cryptocurrencies and blockchain platforms.
In mid-May, the Tezos market saw a serious decline which made the token to drop to its long-term support at $0.08. After testing the above support, the token saw a trend reversal which allows the market to now see a two-week correcting gain of about 55%.
Over the past 2 days, we have seen Litecoin lead the charge after it has increased by a total of over 10% to reach its current $98 price level. This price increase can largely be attributed to the upcoming Litecoin block halving, scheduled in just under 4 days, which will see the supply inflation for Litecoin drop by 50% as the mining reward is cut in half from 25 LTC per block to 12.5 LTC per block.
Crypto banking startup Bitwala has secured €13 million ($14.5 million) in funding through a Series A round that included Sony Financial Ventures, Global Brain, NKB Group alongside Earlybird and coparion, which have previously already made investments in the company.
Crypto payments startup PundiX has integrated a part of its services with the blockchain-friendly Samsung Galaxy S10 smartphone.
Litecoin is still trading below the $100 level after the July 20 price rejection which continued to position the market in a downtrend. Litecoin is currently trading at around $89 after recording a weekly low at the $83.3 mark over the weekend.
Cardano is currently experiencing a heavy sell-off. The cryptocurrency dropped 29% this month and looks to be heading to its first and second support levels.
As we move into the month of August, this week’s choices are set to benefit from significant developments, announcements, and promotions that should strengthen their market positions. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
