Blockchain
SUSHI, SNX, and ALGO Record Gains As Markets Swing Bullish
Top gainers today across all crypto markets stay apparent in terms of achieving potential and market resilience. While Bitcoin endures the struggle to maintain its price above $10,000, Ethereum is busy testing the $400 price level again. Defi tokens, being led into victory today by the likes of SUSHI and YFI are taking the lead …
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Top gainers today across all crypto markets stay apparent in terms of achieving potential and market resilience. While Bitcoin endures the struggle to maintain its price above $10,000, Ethereum is busy testing the $400 price level again.
Defi tokens, being led into victory today by the likes of SUSHI and YFI are taking the lead amongst other crypto top gainers. These are altogether rebuilding the markets to a bullish trend as the bulls try a takeover.
Among this list of top gainers, SUSHI takes charge with around 31% as SNX and ALGO share gains.
#1. SushiSwap (SUSHI 31% Gain):

SUSHI makes the top position on today’s list of top gainers. Although, its price, within last week, was dangerously depressed due to an alleged exit scam purported by its creator. Recycling over two million in SUSHI tokens to ETH, the panic left SUSHI’s community in disarray.
As of now, the market attitude towards SUSHI is very cautious. With around 40% pessimism, traders believe the tokens may soon plummet into another bear market.
The token is only about 2 weeks old and has made around 60% loss since last week. No other timeframe exist except for lower daily in which the coin amazed around 31%.
SUSHI is now changing hands at $2.93 amid a market cap hovering around $250 million.
Technical Points
- SUSHI overcame the resistance at $2.9 and is now testing the next resistance at $3.0
- Next level of major support lies at $2.8 and $2.6 respectively.
#2. Synthetix Network Token (SNX 26.3% Gain):

SNX grabs second place in this wave of gainers’ list. The coin gains around 26.3%.
SNX obtained some loss within the week consistently. The coin dipped by 16.8% within the last 7 days. In the one-month timeframe, however, SNX earned 10.2% and still gains roughly 1,260% within the last year.
Technical Points
Prices spiked through the $4.6, $4.8 and $5.0 level comfortably. Building a string of support at 5.2, SNX established tough support at $5.0 level. With the immediate resistance at $5.5 the next key support lies at $5.2
- Next key support at $5.2
- Next key resistance at $5.5
- RSI broke through the 70.0 level upwards. A little retracement to 50.0 is imminent.
#3. Algorand (ALGO 25.27% Gain):

ALGO comes third on our preference market watch list today having made gains equal to around 25%.
The coin conserves a small market acceptance among traders who realize ALGO may eventually leap and recoil some gains. It’s rise to fall possibility ratio is around 7:3
ALGO is gradually swinging into a favorable year. In the one year timeline, the coin is up by almost 15%. Although bearish in the past 7 days, ALGO suferred about 11.3% loss in the last month.
Currently trading at $0.41, ALGO’s market is entirely capped at $335.9 million amid exchange volumes around $233 million.
Source: https://coinpedia.org/news/sushi-snx-and-algo-record-gains/
Blockchain
Libra Coin – A New Digital Currency Developed by FACEBOOK
Libra, Let’s get started:
Technology has improved the world around us, it is easy to send text, pictures, and documents but why not money.
What if we made the money truly global, stable, and secure. What if everyone has invited to the Global economy with access to the same financial opportunities.
This thought laid a pavement for Introducing LIBRA a new global currency designed for the digital world, backed by the belief that money should be fast for everyone from any corner of the world.
Its powered by Blockchain, making it safe, accessible, no matter who you are and where you’re from.
Join the world of LibraCoin where money works for everyone.
Check out the following infographic on – Libra: Cryptocurrency By Facebook (In 5 Minutes) – Developed by WinBTC.net.
Blockchain
The Hard Sell

The prices are low and the panic is high. Is this the time to sell?
If you’ve been around crypto for longer than a couple of months, you’re probably familiar with the feelings that come with your average market-wide correction.
Euphoria fizzling away as that first red candle starts dropping down, down, down. Confidence in a quick recovery giving way to sweaty-palmed anxiety as the correction passes the 10, 20, 30% mark. Is this the big one? We all know what happened on March 13th last year. Finger hovering over the “Sell” button, knowing that if you just pressed it this horrible feeling would go away.
And even worse are the recriminations. How could I have been so blind? How did I let this happen? Why didn’t I sell when the going was good? Will I ever feel joy again?

Unrealised profit and loss
Look, I’m not going to say I told you so, but if there has ever been a market in need of a correction it was the crypto market of the last two months. It wasn’t a question of if your alt was going to do a 50 or 100% day; it was a question of when. Meanwhile, Bitcoin basically tripled its 2017 all-time high over the course of eight weeks, making it (briefly) a trillion dollar asset.
It’s not that bitcoin doesn’t deserve to be in that August club, but more to point out that markets will always revert to the mean, no matter how compelling the background narrative might be. And in the same way that you don’t expect to see an elephant jump over a small apartment block, an asset of bitcoin’s size shouldn’t be tripling in size like it ain’t no thing. Especially not when it’s taken three long, hard years to get back to its previous peak.
Timing is everything
Here’s the thing though: in every other market that humanity has ever created, taking three years to make a new all-time high actually is perfectly reasonable, bordering on suspiciously fast. Investments aren’t supposed to be measured in days or weeks. They’re supposed to take years, if not decades to play out. But the speed, 24/7 relentlessness and hyper-visibility of the crypto markets means it’s very easy to lose sight of the bigger picture. People who bought in at the absolute peak of the last bubble are still up 250% – presuming that they had the patience to hold on for a measly three years.
Nonetheless, selling can produce a real and concrete advantage. Get out near the top and you might be able to buy back in close to the bottom, thereby compounding your gains. (Despite what the people of TikTok Investors would have you believe, this is far harder than it appears.)
More simply though, money is money and when assets are appreciating like crypto assets have recently that can mean getting ahead of your mortgage, or buying a car, or paying for a holiday for your family, or being able to cover rent for the next month. If what you’ve made could make a difference in your life, then it makes complete and total sense to sell some – even if you think the crypto market is going to keep on going up. As the old adage goes, no-one ever went poor from taking profits.
Respect the sell-out
That’s not an invitation or a suggestion to sell it all right now – a good rule of thumb is sell when it feels hard (i.e. on the way up) not when it’s easy (on the way down) – but more to start thinking about what your endgame is. What do you hope to gain from this bull run? How much is enough? And will you be strong enough to start getting out when you reach your target? (Also, on a more prosaic note, what would taking profits mean for your tax?)
These are questions without easy answers, but start planning now and you’re less likely to be swept up in the mania and delirium that marks the real, bloody and unmistakable end of the bull market. And until then? DIAMOND HANDS ENGAGE.
Blockchain
Kraken Daily Market Report for March 02 2021

Overview
- Total spot trading volume at $1.68 billion, down from the 30-day average of $2.09 billion.
- Total futures notional at $584.1 million.
- The top five traded coins were, respectively, Bitcoin, Ethereum, Tether, Cardano, and Polkadot.
- Strong returns from Curve Dao (+12%), Flow (+5.1%), and Melon (+6.4%).
March 02, 2021 $1.84B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD |
||||
---|---|---|---|---|
XBT $47305. ↓4.6% $623.9M |
ETH $1472.1 ↓6.3% $297.8M |
USDT $1.0002 ↓0.04% $226.1M |
ADA $1.1855 ↓8.6% $168.3M |
DOT $34.578 ↓3.3% $92.7M |
LINK $27.706 ↓0.13% $39.1M |
LTC $171.43 ↓2.6% $32.2M |
USDC $1.0001 ↑0.02% $29.3M |
XRP $0.4248 ↓4.7% $25.3M |
FLOW $29.937 ↑5.1% $23.5M |
BCH $510.82 ↑1.8% $16.7M |
XLM $0.4002 ↓7.0% $14.2M |
ATOM $18.076 ↓3.2% $11.1M |
XDG $0.0494 ↓2.2% $10.4M |
ALGO $1.0438 ↓4.2% $9.52M |
UNI $24.705 ↓4.2% $9.48M |
GRT $1.7315 ↓10% $8.56M |
AAVE $380.08 ↓1.4% $8.27M |
KSM $220.21 ↓3.6% $6.96M |
XTZ $3.5045 ↓3.7% $5.26M |
XMR $213.01 ↓7.9% $5.15M |
CRV $2.2335 ↑12% $4.49M |
COMP $491.44 ↓0.6% $4.4M |
SNX $21.110 ↑2.0% $4.39M |
DAI $1.0002 ↓0.1% $4.27M |
DASH $211.44 ↓5.7% $4.06M |
FIL $37.555 ↓2.7% $3.94M |
EOS $3.5797 ↓3.5% $3.43M |
KAVA $3.8026 ↑2.2% $3.35M |
BAT $0.5661 ↓3.4% $2.89M |
TRX $0.0455 ↓4.9% $2.81M |
ZEC $117.22 ↓5.8% $2.81M |
YFI $32530. ↓6.6% $2.73M |
ICX $1.5690 ↓6.2% $2.6M |
OMG $4.4644 ↓3.3% $2.21M |
SC $0.0098 ↓3.3% $1.84M |
OXT $0.4676 ↓4.9% $1.84M |
NANO $5.0287 ↓5.4% $1.71M |
LSK $3.0426 ↓3.9% $1.7M |
QTUM $4.9728 ↓5.7% $1.6M |
MANA $0.2564 ↓1.5% $1.36M |
ANT $4.2684 ↓2.1% $1.28M |
ETC $10.633 ↓4.6% $1.21M |
WAVES $9.1388 ↓4.2% $1.1M |
PAXG $1743.6 ↑0.8% $994K |
REPV2 $28.646 ↓3.7% $752K |
KNC $1.6191 ↓4.0% $599K |
MLN $38.687 ↑6.4% $408K |
GNO $125.99 ↓2.9% $384K |
REP $30.292 ↓2.0% $374K |
KEEP $0.3289 ↓2.6% $369K |
BAL $36.054 ↓5.7% $311K |
STORJ $0.6081 ↓9.3% $268K |
TBTC $49624. ↓4.5% $25.9K |
#####################. Trading Volume by Asset. ##########################################
Trading Volume by Asset
The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.
Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (March 02 2021)
Figure 2: Mid-size trading assets: (measured in USD) (March 02 2021)
Figure 3: Smallest trading assets: (measured in USD) (March 02 2021)
#####################. Spread %. ##########################################
Spread %
Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.
Figure 4: Average spread % by pair (March 02 2021)
.
#########. Returns and Volume ############################################
Returns and Volume
Figure 5: Returns of the four highest volume pairs (March 02 2021)
Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (March 02 2021)
###########. Daily Returns. #################################################
Daily Returns %
Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (March 02 2021)
###########. Disclaimer #################################################
The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.
Source: https://blog.kraken.com/post/8108/kraken-daily-market-report-for-march-02-2021/
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