Latest Market News
Gambling industry entrepreneur and one of the most prominent Bitcoin SV supporters Calvin Ayre says that the Bitcoin SV project no longer wants to claim the name Bitcoin Cash and will continue under the Bitcoin SV name.
The market continues to go through a harsh bear run that has resulted in a significant loss of value. However, development work continues to go on and the following week’s projects are set to benefit from a number of developments and launches that should result in an increased amount of attention, and strengthen their position during the current downturn.
The Ark blockchain platform is set to receive a major upgrade on November 28 in the form of Ark Core v2. The hard fork will not be compatible with previous versions of Ark software, and Ark users will have to update their wallets – Ark will also be releasing a new desktop wallet to go along with Ark Core v2.
Fundstrat analyst Tom Lee has adjusted his $25,000 prediction for Bitcoin’s price at the end of 2018, but remains much more bullish than most analysts. His new target for the end of 2018 is $15,000, which seems extremely unlikely given current market conditions.
Christie’s, a world-renowned auction house, has realised $317.8 million in an art auction that was held with the help of Artory, a blockchain platform designed to store information about artworks and collectibles.
This week’s selection of coins to watch kicks off with WTC, which powers a blockchain platform desinged for the Internet of Things (IoT) era. Next up is SRN, a token issued by SIRIN Labs, a company that will soon be releasing a blockchain-powered smartphone. DGX, which can be used as a hedge when market conditions are poor, rounds out the list.
The cryptocurrency market is down across the board, and this could be an opportunity providing long term holders with suitable entry points. This month’s coins may prove to be the stronger performers over the final quarter of the year and all have a number of significant developments on their roadmaps.
Binance, currently the second largest cryptocurrency exchange by trading volume, has announced the listing of Mithril (MITH). Trading will begin at 2PM UTC today.
Cardano Foundation chairman Michael Parsons has resigned from his position, and will be replaced by Pascal Schmid on an interim basis. The news has been overwhelmingly welcomed as positive by the Cardano community, since there was a lot of frustration over the rift between the Cardano Foundation on one side and IOHK and Emurgo on the other.
NEM, a cryptocurrency that’s rarely the centre of attention despite its 15th spot in the cryptocurrency market cap rankings, is up by 14% in the last 7 days. This is particularly surprising since the majority other cryptocurrencies with a comparable market cap have lost value in the same time period.
