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Litecoin On The Verge Of Monster Move Against Bitcoin

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Litecoin has been among the worst performers in the crypto market in 2020 and 2021 thus far, despite the » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin’s longevity in the top ten assets by market cap.

The » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin’s fortunes could soon turn completely around, due to what looks to be a monster-sized move brewing against Bitcoin on the » Read more

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin trading pair. Here’s why technicals suggest that near and mid-term Litecoin should outperform the top cryptocurrency by miles.

Litecoin Longevity Helps » Read more

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>Altcoin Maintain Top Ten Crypto Cap Ranking

The cryptocurrency market is constantly changing. The top ten cryptocurrencies by market cap currently looks vastly different now than it did one year ago. Coins that were in the top ten during the last bull market, are now no longer part of that elite.

Related Reading | Five Signs Litecoin Has Bottomed, Next In Line For New ATH

XRP, a » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin ranked in third for most of its lifetime, nearly plummeted completely from the top ten – but has since made a dramatic recovery.

Another » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin the cryptocurrency bull run has mostly ignored, has been Litecoin. Along with Ripple, the » Read more

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin dubbed digital silver have lagged behind the rest of the top ten assets, yet some how have clung on. Both of failed to set a new all-time high, but according to technicals, they’re next in line to do so.

ltc btc litecoin bitcoin

Several bullish technicals suggest a major breakout and monster move is coming | Source: LTCBTC on TradingView.com

LTCBTC Monthly Technicals: On The Brink Of A Monster Bullish Move

Litecoin is an offshoot of Bitcoin code and often considered the silver to the digital gold narrative. The digital gold narrative has taken Bitcoin’s market cap to $1 trillion, but like silver lagging behind gold itself, Litecoin has barely been a blip on anyone’s radar.

However, bullish technicals on the LTCBTC trading pair are indicating a massive move against Bitcoin.

Related Reading | Litecoin Signal Shines, Suggests Downtrend Against Bitcoin Is Over

If a full turnaround starts now, a perfected TD 13 countdown marked the bottom with incredible precision. Supporting a major reversal on the » Read more

” href=”https://www.newsbtc.com/dictionary/altcoin/” data-wpel-link=”internal”>altcoin ratio against Bitcoin, the monthly Stochastic indicator has crossed upward after spending two years in the bottom range. Coinciding with the crossover, the monthly Relative Strength Index has fallen back to touch a support level that wasn’t tapped since 2015.

The logarithmic MACD is also rolling upward, falling short of a bullish crossover just yet. The often considered lagging indicator is instead a signal that there’s clear skies ahead, and is more of a confirmation that a reversal has taken place.

Turning upward the last time in early 2017, took Litecoin to its current all-time high. After holding onto the top ten like a champ, it could finally be time for digital silver to shine.

Featured image from Pixabay, Charts from TradingView.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/analysis/ltc/litecoin-monster-bitcoin-ltc-btc/

Blockchain

MakiSwap Raises $1.4M to Build AMM Platform on Huobi Eco Chain

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[Press Release – St, John’s Antigua, Barbuda, 14th April, 2021]

MakiSwap, the number one decentralized exchange on Huobi Eco Chain (Heco), has raised $1.4 million in seed and private funding to build the most robust and feature-rich automated market maker exchange and yield farming platform on Huobi Eco Chain.

The oversubscribed round was led by Inclusion Capital, which incubated and supported MakiSwap in its development efforts. Other participants include Kenetic Capital, LD Capital, NGC Ventures, Polygon Network, DAO Maker, Momentum 6, AU21 Capital, Xend Finance and others. Jawad Ashraf, Founder of Terra Virtua, also joined the round as an individual investor.

MakiSwap is the leading AMM on Huobi Eco Chain, a high-performance blockchain supporting the Ethereum Virtual Machine. Heco was launched by the Huobi Global exchange and was met with formidable community support in China and the Asia-Pacific region. Heco projects are now shifting their focus to the global market, looking to bring in DeFi users from other regions and other blockchains.

MakiSwap was developed by Unilayer, a cross-chain DEX aggregator and DeFi ecosystem. The exchange offers unique features for an AMM designed with the professional trader in mind, including limit orders, advanced charting tools, analytics, and more. MakiSwap also features lucrative yield farming opportunities designed to incentivize users to make the jump into the new protocol and blockchain.

“We’re extremely excited to launch MakiSwap on Huobi Eco Chain and to the public, we do see a big potential for HECO to capture a lot of market share compared to other blockchains in the near future,” said Geo, Founder of Unilayer and MakiSwap.

“Makiswap is leading a new wave of Defi by empowering Huobi’s ECO chain community with key tools and infrastructure. We are excited to support Makiswap in helping to transform global finance through Defi.” Jehan Chu, Founder and Managing Partner, Kenetic

MakiSwap is powered by the MAKI governance token, which will be airdropped to holders of Unilayer’s LAYER token on Ethereum and Binance Smart Chain.

About MakiSwap

MakiSwap is the leading AMM exchange on Huobi Eco Chain, developed and launched by Unilayer, a cross-chain liquidity aggregator and unified interface for decentralized exchanges. MakiSwap’s governance token is MAKI, distributed fairly to all holders of Unilayer’s LAYER token. MakiSwap includes an advanced set of features like limit orders and advance charting to offer the best experience for professional DeFi traders.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/makiswap-raises-1-4m-to-build-amm-platform-on-huobi-eco-chain/

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Blockchain

The Message Coinbase Embedded in Bitcoin’s Blockchain on Listing Day

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Paying homage to Satoshi Nakamoto and his message embedded in the Bitcoin Genesis Block in 2009, Coinbase has done the same today. On the day they’re set to become a publicly traded company, the exchange asked a large Bitcoin mining pool to embed a note in the Bitcoin blockchain in regards to the latest stimulus bill. 

  • When launching the Genesis Block of the first-ever cryptocurrency in January 2009, the anonymous creator(s) embedded the following message referring to the financial crisis at the time: 
  • “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” 

  • More than twelve years later, Coinbase has followed the example set by Bitcoin’s creator. The exchange announced they had asked the mining pool F2pool to code the following text: 
  • “TNYTimes 10/Mar/2021 House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill.” 

  • The commonalities between the two messages spread more than being embedded on the Bitcoin blockchain. Both have referred to the economic struggles in 2009 and 2021 led by the aforementioned banking crisis and the COVID-19-induced crisis.  
  • More specifically, both messages have touched upon the governments’ somewhat controversial measures in trying to fight the consequences of the fallouts. Coinbase’s note cites this article published by the New York Times, which outlined the latest stimulus package aimed to alleviate some of the financial pain from the pandemic.  
  • The largest US-based crypto exchange has chosen today to pay homage to Nakamoto because of the significance of this day. As previously reported, Coinbase is set to become a publicly traded company on August 14th, 2021, through a direct listing. 
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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/the-message-coinbase-embedded-in-bitcoins-blockchain-on-listing-day/

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Blockchain

Coinbase COIN Starts Trading at a Price Around $400 and Over $100 Billion Valuation

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Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded.

  • Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike.
  • It took place moments ago, and according to the official website of Nasdaq, COIN shares had a debut price of $381.
  • At the time of this writing, however, the shares are trading at around $400, which means that the company is currently valued at above $1 billion.
  • It’s also worth noting that the opening price was significantly higher than the reference price of $250 that we saw earlier. It represents a difference of around 50%.

The story is developing.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/coinbase-coin-starts-trading-at-a-price-around-400-and-over-100-billion-valuation/

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