🔝 Project from Top-100 CoinMarketCap 🔝
Coin #DASH
Exchange #Binance #Huobi #Bitfinex
🔷 DASH is a project that seeks to replace traditional payment systems, such as PayPal and Visa.
📌The project was created by the programmer Evan Duffield, who originally wanted to add anonymity to bitcoin, but the community did not accept his idea. Then, in a few days in January 2014, he created a code for a new cryptocurrency, called DarkCoin (later called XCoin, then DigitalCASH (DASH)).
📌A key feature of this cryptocurrency is the provision of cryptocurrency transactions with full anonymity, this is achieved through the X11 algorithm, which compiles 11 different cryptographic algorithms. DASH has a much faster network, which is a two-level system of miners (PoW algorithm) and masternodes. This allows tens of times faster to receive transfers in this cryptocurrency compared to Bitcoin, at the moment this figure is ~ 10 minutes.
📌The network is completely decentralized and therefore each participant with an open masternode can vote for changing various parameters within the network.
📌The team is actively developing the project and already includes more than 50 people who are actively working not only on network development, but also on the implementation of DASH in many services and institutions of the real world. This cryptocurrency is already used in many online stores around the world, and there are also a number of partnerships with the financial sector, which was made possible by the high network speed and very low commission (~ $ 0.14).
✅ Outcome:This is one of the first projects that helps to expand the cryptocommunity by introducing it into the real sector of the economy, which helps it to stay in the market leaders and hope for an increase in the value of its coin.
Coin #DASH
Exchange #Binance #Huobi #Bitfinex
🔷 DASH is a project that seeks to replace traditional payment systems, such as PayPal and Visa.
📌The project was created by the programmer Evan Duffield, who originally wanted to add anonymity to bitcoin, but the community did not accept his idea. Then, in a few days in January 2014, he created a code for a new cryptocurrency, called DarkCoin (later called XCoin, then DigitalCASH (DASH)).
📌A key feature of this cryptocurrency is the provision of cryptocurrency transactions with full anonymity, this is achieved through the X11 algorithm, which compiles 11 different cryptographic algorithms. DASH has a much faster network, which is a two-level system of miners (PoW algorithm) and masternodes. This allows tens of times faster to receive transfers in this cryptocurrency compared to Bitcoin, at the moment this figure is ~ 10 minutes.
📌The network is completely decentralized and therefore each participant with an open masternode can vote for changing various parameters within the network.
📌The team is actively developing the project and already includes more than 50 people who are actively working not only on network development, but also on the implementation of DASH in many services and institutions of the real world. This cryptocurrency is already used in many online stores around the world, and there are also a number of partnerships with the financial sector, which was made possible by the high network speed and very low commission (~ $ 0.14).
✅ Outcome:This is one of the first projects that helps to expand the cryptocommunity by introducing it into the real sector of the economy, which helps it to stay in the market leaders and hope for an increase in the value of its coin.
⚠️ Over the past week, bitcoin showed organic growth in one of the main scenarios (up to the $ 7400 zone). As a result, the market revived, investments in altcoins increased and a positive attitude emerged.
🔻But as a result of profit-taking at 7400, growth was stopped. And due to the fact that market participants are increasingly using margin trading tools to make profits on the fall, the number of shorts has increased dramatically. As a result, bitcoin went to the expected correction, which was fast enough. The fall of bitcoin more than 5% during the work of European and American markets provoked panic sales in the Asian market.
At the moment, the forecasts are adjusted and look like this:
🔼Positive outlook:
From the current price zone around 6400, after consolidation, bitcoin will start growth in the price zone around 6,990, and with shallow corrections will continue to grow up to the first goal in the $ 9,300 zone (the first target).
▶️Less positive option:
The fall will continue to zone 6110, followed by consolidation and growth in accordance with the first option. In this case, the consolidation has all the chances to drag on for up to 2 weeks with the formation of another flat in the range 6100-6700.
🔽Negative:
The fall will continue, with the breakdown of zone 5900 and going down to the price zone 5600, then after the retest of zone 5800-6000 it is possible the continuation of the fall of quotations up to the level of 4200.
✅As always, the recommended zones for entering and increasing the volume of positions are indicated by green arrows.
Green rectangles indicate the currently important price zones, which can provide resistance or support.
The red line indicates the level of the stop-loss.
⛔️Choose your stop loss level based on your risk-management and target profit.
🚀Successful trades to you!
🔻But as a result of profit-taking at 7400, growth was stopped. And due to the fact that market participants are increasingly using margin trading tools to make profits on the fall, the number of shorts has increased dramatically. As a result, bitcoin went to the expected correction, which was fast enough. The fall of bitcoin more than 5% during the work of European and American markets provoked panic sales in the Asian market.
At the moment, the forecasts are adjusted and look like this:
🔼Positive outlook:
From the current price zone around 6400, after consolidation, bitcoin will start growth in the price zone around 6,990, and with shallow corrections will continue to grow up to the first goal in the $ 9,300 zone (the first target).
▶️Less positive option:
The fall will continue to zone 6110, followed by consolidation and growth in accordance with the first option. In this case, the consolidation has all the chances to drag on for up to 2 weeks with the formation of another flat in the range 6100-6700.
🔽Negative:
The fall will continue, with the breakdown of zone 5900 and going down to the price zone 5600, then after the retest of zone 5800-6000 it is possible the continuation of the fall of quotations up to the level of 4200.
✅As always, the recommended zones for entering and increasing the volume of positions are indicated by green arrows.
Green rectangles indicate the currently important price zones, which can provide resistance or support.
The red line indicates the level of the stop-loss.
⛔️Choose your stop loss level based on your risk-management and target profit.
🚀Successful trades to you!
💭 John McAfee:
✏️ Bitcoin will become the gold standard. Bitcoin will always be the standard that can be kept in the purse offline and considered its retirement savings. It's "grandfather," he's always the best. When people start to learn about crypto-currencies, they say "bitcoin" instead of "crypto-currency"
✏️ Bitcoin will become the gold standard. Bitcoin will always be the standard that can be kept in the purse offline and considered its retirement savings. It's "grandfather," he's always the best. When people start to learn about crypto-currencies, they say "bitcoin" instead of "crypto-currency"
🔷 News Digest 🔷
📌U.S. SEC orders temporary suspension of trading of bitcoin and ether ETNs
📌Bugatti, Rolls-Royce, & Bentley Retailers begin accepting BTC and BCH
📌Goldman Sachs is not abandoning Crypto Trading Desk, plans to launch Bitcoin Derivative
📌The strongest drop in the top 100 shows the Ethereum , which dropped to a price of 189 dollars. The last time this price was July 27, 2017.
🔶 Market Review 🔶
Total Capitalization - $195 121 013 511 🔻 ↓1,37 %
Total Volume - $10 604 113 566 🔻 ↓11,76 %
1️⃣Bitcoin 6 324,85 $ 🔻 ↓0,33 %
2️⃣Ethereum 196,68 $ 🔻 ↓1,24 %
3️⃣Ripple 0,2755 $ 🔻 ↓2,7 4%
4️⃣Bitcoin Cash 480,09 $ ✅ ↑0,08 %
5️⃣EOS 5,03 $ ✅ ↑2,67 %
6️⃣Stellar 0,1916 $ 🔻 ↓2,50 %
7️⃣Litecoin 54,45 $ ✅ ↑0,02 %
8️⃣Cardano 0,0754 $ 🔻 ↓3,15 %
9️⃣Monero 107,10 $ ✅ ↑0,92 %
🔟Dash 202,73 $ ✅ ↑7,28 %
TOP GAINERS
▪️Wagerr 0,1648 $ ✅ ↑44,45 %
▪️PRIZM 0,5618 $ ✅ ↑29,74 %
▪️Waves 2,45 $ ✅ ↑27,30 %
TOP LOSERS
▪️Namecoin 1,59 $ 🔻 ↓19,36 %
▪️Bitcoin Interest 1,25 $ 🔻 ↓17,37 %
▪️Endor Protocol 0,0436 $ 🔻 ↓14,41 %
TOP LIQUID ACTIVES
▪️TrueChain 0,51 $ ❇️ ↑168,4 %
▪️Bibox Token 0,44 $ ❇️ ↑122,9 %
▪️Nucleus Vision 0,0051 $ ❇️ ↑64,63 %
📌U.S. SEC orders temporary suspension of trading of bitcoin and ether ETNs
📌Bugatti, Rolls-Royce, & Bentley Retailers begin accepting BTC and BCH
📌Goldman Sachs is not abandoning Crypto Trading Desk, plans to launch Bitcoin Derivative
📌The strongest drop in the top 100 shows the Ethereum , which dropped to a price of 189 dollars. The last time this price was July 27, 2017.
🔶 Market Review 🔶
Total Capitalization - $195 121 013 511 🔻 ↓1,37 %
Total Volume - $10 604 113 566 🔻 ↓11,76 %
1️⃣Bitcoin 6 324,85 $ 🔻 ↓0,33 %
2️⃣Ethereum 196,68 $ 🔻 ↓1,24 %
3️⃣Ripple 0,2755 $ 🔻 ↓2,7 4%
4️⃣Bitcoin Cash 480,09 $ ✅ ↑0,08 %
5️⃣EOS 5,03 $ ✅ ↑2,67 %
6️⃣Stellar 0,1916 $ 🔻 ↓2,50 %
7️⃣Litecoin 54,45 $ ✅ ↑0,02 %
8️⃣Cardano 0,0754 $ 🔻 ↓3,15 %
9️⃣Monero 107,10 $ ✅ ↑0,92 %
🔟Dash 202,73 $ ✅ ↑7,28 %
TOP GAINERS
▪️Wagerr 0,1648 $ ✅ ↑44,45 %
▪️PRIZM 0,5618 $ ✅ ↑29,74 %
▪️Waves 2,45 $ ✅ ↑27,30 %
TOP LOSERS
▪️Namecoin 1,59 $ 🔻 ↓19,36 %
▪️Bitcoin Interest 1,25 $ 🔻 ↓17,37 %
▪️Endor Protocol 0,0436 $ 🔻 ↓14,41 %
TOP LIQUID ACTIVES
▪️TrueChain 0,51 $ ❇️ ↑168,4 %
▪️Bibox Token 0,44 $ ❇️ ↑122,9 %
▪️Nucleus Vision 0,0051 $ ❇️ ↑64,63 %
Vitalik Buterin:
✏️ “The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”
✏️ “The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”
🔷 News digest 🔷
📌The Winklevoss twins’ Gemini Trust Company is rolling out Gemini dollar, a regulated stablecoin that lets users send and receive U.S. dollars on the Ethereum network
📌Accredited Investors now able to hold Bitcoin in registered accounts in Canada
📌CNN: "People around the world are starting to trust Bitcoin more than the Central Banks".
📌A survey carried out by research service YouGov Omnibus shows that while cryptocurrency prices are tumbling, 48 percent of millennials have no problem switching to crypto as a primary currency.
🔶 Market Review 🔶
Total Capitalization - $196 120 561 700 ✅ ↑0,20%
Total Volume - $10 604 113 566 🔻 ↓2,07%
1️⃣Bitcoin 6 374,30 $ ✅ ↑0,69%
2️⃣Ethereum 195,93 $ 🔻 ↓1,57%
3️⃣Ripple 0,2713 $ 🔻 ↓2,24%
4️⃣Bitcoin Cash 471,96 $ 🔻 ↓2,37%
5️⃣EOS 5,06 $ 🔻 ↓0,10%
6️⃣Stellar 0,1942 $ ✅ ↑0,24%
7️⃣Litecoin 54,55 $ 🔻 ↓1,31%
8️⃣Cardano 0,0735 $ 🔻 ↓4,41%
9️⃣Monero 107,54 $ 🔻 ↓1,00%
🔟Dash 201,57 $ 🔻 ↓1,65%
TOP GAINERS FROM TOP-200
▪️Credo 0,0372 $ ✅ ↑46,51 %
▪️Emercoin 1,24 $ ✅ ↑44,02 %
▪️Crypterium 0,32 $ ✅ ↑42,50 %
TOP LOSERS FROM TOP-200
▪️ZClassic 4,28 $ 🔻 ↓14,88 %
▪️RChain 0,21 $ 🔻 ↓12,08 %
▪️Factom 4,26 $ 🔻 ↓10,16 %
TOP LIQUID ACTIVES
▪️TrueChain 0,51 $ ❇️ 168,4 %
▪️Bibox Token 0,43 $ ❇️ 122,9 %
▪️bitCNY 0,14 $ ❇️ 64,63 %
📌The Winklevoss twins’ Gemini Trust Company is rolling out Gemini dollar, a regulated stablecoin that lets users send and receive U.S. dollars on the Ethereum network
📌Accredited Investors now able to hold Bitcoin in registered accounts in Canada
📌CNN: "People around the world are starting to trust Bitcoin more than the Central Banks".
📌A survey carried out by research service YouGov Omnibus shows that while cryptocurrency prices are tumbling, 48 percent of millennials have no problem switching to crypto as a primary currency.
🔶 Market Review 🔶
Total Capitalization - $196 120 561 700 ✅ ↑0,20%
Total Volume - $10 604 113 566 🔻 ↓2,07%
1️⃣Bitcoin 6 374,30 $ ✅ ↑0,69%
2️⃣Ethereum 195,93 $ 🔻 ↓1,57%
3️⃣Ripple 0,2713 $ 🔻 ↓2,24%
4️⃣Bitcoin Cash 471,96 $ 🔻 ↓2,37%
5️⃣EOS 5,06 $ 🔻 ↓0,10%
6️⃣Stellar 0,1942 $ ✅ ↑0,24%
7️⃣Litecoin 54,55 $ 🔻 ↓1,31%
8️⃣Cardano 0,0735 $ 🔻 ↓4,41%
9️⃣Monero 107,54 $ 🔻 ↓1,00%
🔟Dash 201,57 $ 🔻 ↓1,65%
TOP GAINERS FROM TOP-200
▪️Credo 0,0372 $ ✅ ↑46,51 %
▪️Emercoin 1,24 $ ✅ ↑44,02 %
▪️Crypterium 0,32 $ ✅ ↑42,50 %
TOP LOSERS FROM TOP-200
▪️ZClassic 4,28 $ 🔻 ↓14,88 %
▪️RChain 0,21 $ 🔻 ↓12,08 %
▪️Factom 4,26 $ 🔻 ↓10,16 %
TOP LIQUID ACTIVES
▪️TrueChain 0,51 $ ❇️ 168,4 %
▪️Bibox Token 0,43 $ ❇️ 122,9 %
▪️bitCNY 0,14 $ ❇️ 64,63 %
💎 The main news in the cryptoindustry 💎
#Ethereum
⚠️Last week amongst the 100 most popular cryptocurrencies Ethereum has experienced the largest dip, namely having lost 35% of its value and breaking the $200 mark. The last time such prices were observed was only in July 2017.
📌What is happening to this platform and why does such a promising project is rolling downhill?
📌The reason lies in the low liquidity of projects that are built on this platform. 95% of all dAPPs are illiquid and unneeded by the community. Wide popularity was achieved only by the cryptokitties app, which ranks 1st in the number of realized transactions. DEX , which are built on the Ethereum platform, are also unpopular, as they are inferior to centralized exchanges in terms of speed. As a result, we get a platform flooded with garbage projects, which absolutely nobody needs.
📌What also complicates the situation is the fact that the developers themselves in the last year and a half are doing nothing but announcing updates - Plasma, Sharding, transition to the hybrid PoS / PoW algorithm, but it is also being stated that it will take at least a year for these updates to be implemented, which in the current situation is against the Ethereum. Many projects have already launched their platforms and are testing them, eliminating Ethereum flaws, such as scalability and transaction speed.
📌Finally, the third reason having a significant impact on the price of ETH - substantial fundraising for projects - ICOs were conducted with this cryptocurrency. Projects running their token sales in winter - spring 2018 were especially prone to Ethereum price changes, as the sum of raised funds in USD dropped by 75% since that period. Seeing this situation, the management of many projects decided to keep at least partially collected funds and began selling ETH at market price. As a result, about 1 million coins were sold in the last month, which had a significant impact on the cost of Ethereum.
✅Thus, the plunge of Ethereum is caused by serious problems that became noticable only 3 years after its launch. Only once these issues are eliminated another price increase could be expected. As for now all that's left is to wait and hope that the decline won't last long.
#Ethereum
⚠️Last week amongst the 100 most popular cryptocurrencies Ethereum has experienced the largest dip, namely having lost 35% of its value and breaking the $200 mark. The last time such prices were observed was only in July 2017.
📌What is happening to this platform and why does such a promising project is rolling downhill?
📌The reason lies in the low liquidity of projects that are built on this platform. 95% of all dAPPs are illiquid and unneeded by the community. Wide popularity was achieved only by the cryptokitties app, which ranks 1st in the number of realized transactions. DEX , which are built on the Ethereum platform, are also unpopular, as they are inferior to centralized exchanges in terms of speed. As a result, we get a platform flooded with garbage projects, which absolutely nobody needs.
📌What also complicates the situation is the fact that the developers themselves in the last year and a half are doing nothing but announcing updates - Plasma, Sharding, transition to the hybrid PoS / PoW algorithm, but it is also being stated that it will take at least a year for these updates to be implemented, which in the current situation is against the Ethereum. Many projects have already launched their platforms and are testing them, eliminating Ethereum flaws, such as scalability and transaction speed.
📌Finally, the third reason having a significant impact on the price of ETH - substantial fundraising for projects - ICOs were conducted with this cryptocurrency. Projects running their token sales in winter - spring 2018 were especially prone to Ethereum price changes, as the sum of raised funds in USD dropped by 75% since that period. Seeing this situation, the management of many projects decided to keep at least partially collected funds and began selling ETH at market price. As a result, about 1 million coins were sold in the last month, which had a significant impact on the cost of Ethereum.
✅Thus, the plunge of Ethereum is caused by serious problems that became noticable only 3 years after its launch. Only once these issues are eliminated another price increase could be expected. As for now all that's left is to wait and hope that the decline won't last long.
🔝 : Project from Top-100 CoinMarketCap 🔝
: Coin #Steem
: Exchange #Binance #Bithumb #Upbit
🖌Steem - a social network on the blockchain, which allows all its participants to earn money. The project's development began by well-known in the crypto industry developers Dan Larrymer and Nedd Scott in 2015, and in March 2016 the project was launched and immediately received ecstatic shoutouts.
📌The purpose of the project is so that each user can receive a daily reward for his/her activity within the network, and the greater the contribution the user makes - the higher the reward.
📌The project has 3 cryptocurrencies, which have different functions: Steem (the currency of the project that can be traded, exchanged and and used to buy SteemPower), SteemPower (allows you to increase the weight of your voice, become more authoritative in the project), Steem Dollar (a currency that can be traded, exchanged, but cannot be used to buy SteemPower, while it's price cannot fall below $1). Payments can be carried out in two currencies, namely Steem and SteemDollars, in a 50/50 ratio so that exchange rate fluctuations do not significantly affect the earnings on the platform.
📌The Steem project's blockchain works on the PoW algorithm and has a high bandwidth, having surpassed Ethereum and Bitcoin transcation count long ago, while also having zero fees. There are already more than 1 million users in this social network and their number is constantly growing.
📌Steem is also recognized as one of the best blockchain projects by many rating agencies, including Weiss Rating, which placed this project on the 5th line.
✅ : Outcome: The prospects for this project are incredibly high, because the blockchain allows you to publish any information that will not be censored, and it is likely that Steem could be on par with such global giants as Facebook and Twitter.
: Coin #Steem
: Exchange #Binance #Bithumb #Upbit
🖌Steem - a social network on the blockchain, which allows all its participants to earn money. The project's development began by well-known in the crypto industry developers Dan Larrymer and Nedd Scott in 2015, and in March 2016 the project was launched and immediately received ecstatic shoutouts.
📌The purpose of the project is so that each user can receive a daily reward for his/her activity within the network, and the greater the contribution the user makes - the higher the reward.
📌The project has 3 cryptocurrencies, which have different functions: Steem (the currency of the project that can be traded, exchanged and and used to buy SteemPower), SteemPower (allows you to increase the weight of your voice, become more authoritative in the project), Steem Dollar (a currency that can be traded, exchanged, but cannot be used to buy SteemPower, while it's price cannot fall below $1). Payments can be carried out in two currencies, namely Steem and SteemDollars, in a 50/50 ratio so that exchange rate fluctuations do not significantly affect the earnings on the platform.
📌The Steem project's blockchain works on the PoW algorithm and has a high bandwidth, having surpassed Ethereum and Bitcoin transcation count long ago, while also having zero fees. There are already more than 1 million users in this social network and their number is constantly growing.
📌Steem is also recognized as one of the best blockchain projects by many rating agencies, including Weiss Rating, which placed this project on the 5th line.
✅ : Outcome: The prospects for this project are incredibly high, because the blockchain allows you to publish any information that will not be censored, and it is likely that Steem could be on par with such global giants as Facebook and Twitter.
💎 The main news in the cryptoindustry 💎
#GUSD #stablecoin
⚠️On September 10, 2018, a new stablecoin Gemini USD was released, which was created by the GeminiTrust company, owned by the Winklevoss billionaire brothers.
📌The main difference from other stablecoins is the complete legal regulation, since the appearance of this coin was approved by the New York State Department of Financial Services (NYDFS). In addition, to ensure transparency of operations with GUSD, an external audit company was involved, which will be verifying that the tokens are fully backed by the US dollar in a 1:1 ratio. The same company will be publishing monthly reports on the state of affairs regarding the Gemini USD.
📌This project is realized on the Ethereum network in the form of an ERC-20 token, however, in order to acquire a GUSD token, one must create a Gemini account which enables commercial transactions.
📌This token was released due to mistrust in the largest stablecoin - Tether, with a capitalization of $3 billion. It is believed that it is directly connected with the large exchange Bitfinex and is used for money laundering. Quite often there are news where it is stated that in reality the USDT is not backed by the US dollar in a 1:1 ratio. Doubts in this are arisen from the fact that the management of Tether Ltd. does not allow legitimate representatives of financial authorities to their monetary reserves. First signs of USDT not doing very well have already begun to emerge - it is being delisted from some exchanges and replaced by more transparent stablecoins, such as TrueUSD (TUSD).
📌It is worth noting that only last week along with GUSD 2 more stablecoins appeared - CarbonUSD (CUSD) and Paxos (PAX), and they are all legally approved by NYDFS.
✅The situation with stablecoins continues to complicate, with only those of them having a chance to remain in the market, which fully comply with legal and financial regulation.
#GUSD #stablecoin
⚠️On September 10, 2018, a new stablecoin Gemini USD was released, which was created by the GeminiTrust company, owned by the Winklevoss billionaire brothers.
📌The main difference from other stablecoins is the complete legal regulation, since the appearance of this coin was approved by the New York State Department of Financial Services (NYDFS). In addition, to ensure transparency of operations with GUSD, an external audit company was involved, which will be verifying that the tokens are fully backed by the US dollar in a 1:1 ratio. The same company will be publishing monthly reports on the state of affairs regarding the Gemini USD.
📌This project is realized on the Ethereum network in the form of an ERC-20 token, however, in order to acquire a GUSD token, one must create a Gemini account which enables commercial transactions.
📌This token was released due to mistrust in the largest stablecoin - Tether, with a capitalization of $3 billion. It is believed that it is directly connected with the large exchange Bitfinex and is used for money laundering. Quite often there are news where it is stated that in reality the USDT is not backed by the US dollar in a 1:1 ratio. Doubts in this are arisen from the fact that the management of Tether Ltd. does not allow legitimate representatives of financial authorities to their monetary reserves. First signs of USDT not doing very well have already begun to emerge - it is being delisted from some exchanges and replaced by more transparent stablecoins, such as TrueUSD (TUSD).
📌It is worth noting that only last week along with GUSD 2 more stablecoins appeared - CarbonUSD (CUSD) and Paxos (PAX), and they are all legally approved by NYDFS.
✅The situation with stablecoins continues to complicate, with only those of them having a chance to remain in the market, which fully comply with legal and financial regulation.
🔝 Project from Top-100 CoinMarketCap 🔝
Coin #0x
Exchange #Binance #Bithumb #HitBTC
🔘0x is an open source protocol which enables p2p trading with ERC-20 tokens. This project appeared at the end of 2016 thanks to the efforts of Amir Bandeyli and Will Warren, while a test version was released in January 2017.
📌The project aims to ensure token trade without the participation of centralized structures - cryptocurrency exchanges. The 0x protocol allows you to create decentralized exchanges and applications that can communicate with each other through smart contracts.
📌On traditional cryptocurrency exchanges it is necessary to wait for a fairly long time before a new coin gets listed, whereas the 0x protocol allows you to start trading new ERC-20 tokens almost instantly after their creation.
📌However, the project has a disadvantage - low transaction speed in comparison with centralized exchanges, but this problem is being solved by the developers, so it can be stated with certainty that the 0x token price growth still has very high potential.
📌As of now this protocol is already using 19 decentralized exchanges and more than 20 decentralized applications. From the very beginning of its existence, all the crypto community appreciated the project and even awarded it with the title of the best project following the results of the "Consensus 2017" conference.
✅ Outcome: The project is supported by the largest investment crypto funds and has high prospects for development, because it is becoming clearer every day that the exchange of cryptocurrency assets should be carried out in a decentralized manner and the 0x protocol allows to solve this issue.
Coin #0x
Exchange #Binance #Bithumb #HitBTC
🔘0x is an open source protocol which enables p2p trading with ERC-20 tokens. This project appeared at the end of 2016 thanks to the efforts of Amir Bandeyli and Will Warren, while a test version was released in January 2017.
📌The project aims to ensure token trade without the participation of centralized structures - cryptocurrency exchanges. The 0x protocol allows you to create decentralized exchanges and applications that can communicate with each other through smart contracts.
📌On traditional cryptocurrency exchanges it is necessary to wait for a fairly long time before a new coin gets listed, whereas the 0x protocol allows you to start trading new ERC-20 tokens almost instantly after their creation.
📌However, the project has a disadvantage - low transaction speed in comparison with centralized exchanges, but this problem is being solved by the developers, so it can be stated with certainty that the 0x token price growth still has very high potential.
📌As of now this protocol is already using 19 decentralized exchanges and more than 20 decentralized applications. From the very beginning of its existence, all the crypto community appreciated the project and even awarded it with the title of the best project following the results of the "Consensus 2017" conference.
✅ Outcome: The project is supported by the largest investment crypto funds and has high prospects for development, because it is becoming clearer every day that the exchange of cryptocurrency assets should be carried out in a decentralized manner and the 0x protocol allows to solve this issue.