China stocks are pumping like crypto, and analysts say it’s bullish for Bitcoin
BTC $9262 (+2.5%) • ETH $237 (+5.3%) • XRP $0.185 (+5.3%)
|CryptoSlate||Jul 6|| 2|
Dramatic moves in Chinese stocks over the past week are causing analysts to draw comparisons with 2015’s bubble.
Reports state retail traders across China are actively searching for high-risk, high-returns in traditional assets. As a consequence, however, this may cause upward movement in the crypto markets, say observers.
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Katalyst, the protocol upgrade for Kyber Network that allows KNC token holders to earn yield and participate in economic decisions on the Kyber Network, goes live on July 7.
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Mempool logic for implementing MimbleWimble on Litecoin has turned out an area “a bit more complex” than earlier anticipated, causing revision to the underlying code for this aspect.
If you talk to the supporters of smart contract projects such as Cardano, Tezos, EOS, and Tron, they will say that their respective blockchains are the best.
Of all leading cryptocurrencies, Chainlink (LINK) has seen some of the strongest adoption-related news over recent weeks. Multiple reports have been released about the project’s oracles — its flagship product — being integrated by prominent firms and blockchains in the industry.
The rapidly growing Ethereum-based DeFi sector has been generating significant buzz within the crypto industry, seeing massive inflows of new users and investors that have created growth typical of that seen during bull markets.
Bitcoin and the crypto market’s multi-month consolidation period have provided investors with an accumulation opportunity, and it appears that institutional and retail investors have both taken advantage of this.
When Ethereum-based finance protocol Compound launched its native token COMP in June, it traded at $30.
Ethereum is by far the leader in the smart contract blockchain space.
XRP has been struggling to ward off the heavy selling pressure it has been facing since late-February, with its buyers being unable to spark any type of notable rebound from its mid-March lows.
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