This morning, we can notice a Bitcoin and altcoins dip which is an opportunity for many investors to step in and make most of their investment. Recently, the price of the dominant coin made another attempt to climb above the $10,500 resistance area but was blocked which is when the cryptonews showed BTC retracing to the current lows on the day near $10,148.
Altcoins, on the other hand, followed this too. They are known for following their leader (Bitcoin) but what is good at this point is the independence they are building up slowly but surely. For instance, we can see that Bitcoin’s dominance went from 69% in 2019 to 61.9% now which is a signal that the coming altcoin news are picturing more gains for less known coins.
This is the situation we see in the Nexo latest news, where NEXO is building up a good momentum. Also, the Cardano latest news are picturing gains while the Cosmos news today show that ever since Crypto.com rolled out 8% premiums on ATOM, the altcoin has been in a good momentum.
The Bitcoin and altcoins dip comes after a significant upward move in most major altcoins in the past three sessions. This included Ethereum, XRP, Litecoin, Bitcoin Cash, BNB, EOS, TRX, ADA and XLM. For instance, the ETH news showed that Ether managed to jump above the $260 level and $270 levels before correcting lower. Similarly, XRP surged by 18% and traded above $0.33.
For BTC, the rejection near $10,450 was not a stopping sign. Even though this triggered a downside correction, the coin managed to dip below the $10,250 support and stabilized below it. The first key support now is $10,100, followed by $10,050 and $10,000. It is good to see that BTC is holding well in the five-digit zone.
For the alternative cryptocurrencies, the Bitcoin and altcoins dip means nothing but motivation to keep pushing higher. Litecoin and XRP are one of the leaders in the altcoin buzz now and are expected to surge more in the near future. The XRP price performed well in the past three sessions and it rallied to $0.33 while Litecoin pumped above $80 and $82 – which is why they are expected to stop this dip and start a new upwards movement.
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“The users are in control of the digital assets, which is something that hasn’t happened before. I think that over time players will gravitate toward games where they are more in control.”As per the other Decentraland news, HTC announcing that the altcoin MANA will be their strategic partner, MANA spiked almost two times against the US dollar. For those of you who are asking themselves why these unique crypto assets are part of HTC and Samsung’s plans, the truth is that both smartphone manufacturers believe that their potential exceeds the realm of payments and goes above and beyond the popularized cryptocurrencies in the likes of Ripple, EOS, Litecoin, Stellar and TRON.
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“There are tons of projects that use the liquidity from individual DEX networks, but the liquidity isn’t connected. Our goal is to provide the best price for any token trading pair on the market...it’s pretty much guaranteed with 0x API because we’re just pulling from networks that have the best prices.”For example, while 0x is quite liquid when it comes to popular trading pairs such as DAI and ETH or USDC to DAI, he says that there’s a lack of liquidity on other coins such as Augur that could be more liquid on another network. 0x wants to solve this problem by creating an order that will be split between all DEX networks and returning back the best price there is. With only a few code lines, the 0x developers can now connect to the API and get a quote in the back end so they will be able to execute the transaction at the best prices. Taylor continued:
“We want to be the most liquid decentralized exchange, but we also want to provide developers the best price. If that’s not on 0x native liquidity, we’re happy to give them on Kyber, for example, because that’s a better developer experience. ‘’0x API does not have a bridge with dYdX which is a margin lending exchange that started sourcing liquidity from 0x in 2019. The platform has a closed pool as Matt explained so while the maker that uses 0x API could potentially make an order on the margin trade on dydx, there is not a single possibility on the taker side to fill dydx trades via 0x API.
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