What does the trade volume tell us about Matic’s 66% price drop?

  2019-12-11 23:44:05

Quick TakeMatic’s token price dropped by 66% from $0.034 to $0.011 within a 35-minute timespan on Monday evening (Tuesday morning UTC)Binance CEO Changpeng “CZ” Zhao tweeted that the dip was caused by a number of large traders that panickedAlthough volumes increased dramatically during the downfall, the rise in the average trade size was nothing substantialInstead, trade volumes increased mostly on the sheer number of trades, a level of activity that Matic hasn’t come close to experiencing within the last 6 months

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SBI Ripple Asia Wants to Dominate Ripple’s Network Liquidity

  2019-12-11 23:30:59

The future of banking may look very different compared to today. It would appear SBI Ripple Asia is looking to expand in an aggressive manner. During a recent meeting, it was announced how this consortium wants to take up roughly half of the transaction volume of the Ripple network. SBI Ripple Asia is Liquidity-Hungry That […]The post SBI Ripple Asia Wants to Dominate Ripple’s Network Liquidity appeared first on NullTX.

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Ethereum Could Be the Defining Factor That Guides Other Altcoins, Claims Analyst

  2019-12-11 23:00:20

Ethereum has had a turbulent week, with much of its recent price action favoring sellers as the crypto has faced a steady stream of downwards pressure in the time following ETH’s recent visit to over $150 earlier this past week. Although all eyes are closely watching Bitcoin’s near-term price action, it is important to note...The post Ethereum Could Be the Defining Factor That Guides Other Altcoins, Claims Analyst appeared first on NewsBTC.

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