Dash has fallen to its lowest trading level since March 8th this year, as the popular cryptocurrency has been on a virtual one-way decline since peaking around late June. The Dash / USD pair has largely been tracking the broader crypto market lower, although technical selling in the cryptocurrency accelerated once the $100.00 support level was breached.
The crypto market is constantly in flux: brand-new cryptocurrencies regularly appear at the top of the charts, while older coins slowly fade away. While Bitcoin has been a consistent leader, the market is littered with former runners-up.
All it takes is a trip through the historical rankings to see just how transient cryptocurrencies can be. Here’s the top ten cryptocurrencies on August 25th, 2013: just about six years ago.
Investors have swung wildly between risk-on and risk-off postures, as Sino-U.S. trade tensions rise and fall. While crypto-volatility is still too strong for most investors to stomach, there could be a more reliable refuge for investor value.
At present, equities-averse money has very few places left to go. The Swiss National Bank recently intervened to dampen the price of the safe-haven Swiss Franc (CHF) and keep interest rates negative. The strength of the greenback is not supported by attractive returns and faces trade tension risk.
GRAM tokens are finally coming to investors, Telegram says. The company behind the second-largest cryptocurrency sale expects to ship tokens in the next two months, the New York Times reported yesterday.
The issuance will end a saga that began almost two years ago, when a handful of private investors put $1.7bn into the proposed Telegram Open Network.
If you’ve ever had to buy a used car, you know how easy it is to be taken for a ride. Between rolled-over odometers and new cars that have never seen a drop of oil, secondary markets are a rusty minefield of hidden problems and iffy maintenance.
Now, one of the leading auto giants is exploring blockchain solutions for China’s used car market. The Beijing Mercedes-Benz Sales Service Company (BMBS) is leveraging a blockchain-based “Vehicle Residual Value Management Platform” for used cars in the Chinese capital.
Cryptocurrency markets are in the midst of a significant sell-off, with top digital assets losing over five percent in value over the past twenty-four hours. As the Bitcoin price has now fallen through two key support levels, analysts are predicting further losses, with BTC likely to fall below $9,000.
Litecoin has fallen to its lowest trading level since April 2nd this year, as the fifth largest cryptocurrency by market capitalization sold-off sharply during Wednesday’s U.S trading session.
Coin burning is a method by which cryptocurrencies keep their market value high and attempt to offset inflation. When a large portion of a coin’s supply is removed, that coin experiences heightened demand, and as a result, the coin’s price goes up.
At least, that’s how it works in theory. In practice, any price increases that occur immediately after a coin burn usually get lost in the noise. The effects of coin burns are usually overshadowed by the long-term price volatility of the entire crypto market, as shown below:
Sharding is widely hailed as a solution to blockchain scalability. But projects that implement sharding technology may be introducing new security risks into their blockchains, according to the CEO of Solana, which could make them vulnerable to consensus attacks.
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