PrimeXBT Lists Cardano Following Alonzo Hard Fork And Smart Contract Update

Over the last several weeks, the peer-reviewed blockchain Cardano and its native crypto asset ADA have been on an absolute tear, adding to a year-to-date rally of more than 1,000% ROI.

From Black Thursday 2020 lows of around two pennies, the now third-ranked cryptocurrency by market cap trades for $2 apiece, highlighting a monster 18,000% surge from the bottom.

Now, PrimeXBT traders can get a piece of the action with Cardano as part of seven new crypto assets that were listed as part of the latest update from the company.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

PrimeXBT Lists Cardano, Solana, Polkadot, Chainlink, XRP, Uniswap, And Dogecoin

According to a blog post from the award-winning PrimeXBT via the company’s official blog, seven new altcoins and a variety of trading pairs have been added to the platform’s already staggering lineup of digital and traditional assets.

Few platforms offer forex, commodities, stock indices, and more next to cryptocurrencies, and never this many crypto assets on a single platform with so much else under just one roof. And now, there’s even more.

The update to the growing lineup includes Dogecoin, Solana, XRP, Uniswap, Polkadot, Chainlink, and, as we mentioned, Cardano. Each altcoin trades at up to 1:20 leverage using BTC, ETH, USDT, and USDC margin accounts or at up to 1:10 for Covesting strategy managers, who now can access more profits than ever before with the new listing of Cardano. 

Get 110 USDT Futures Bonus for FREE!

“Ethereum Killers” And Why Cardano Is One To Watch

Cardano is worthy of a separate callout because it leads the charge of rapidly growing altcoin market share. Cardano was once ranked around tenth or lower in the top cryptocurrencies by market cap, while today, it is number three, right behind only Ethereum and Bitcoin.

Cardano is the most environmentally sustainable proof-of-stake blockchain, as well as the first peer-reviewed blockchain based on real-world evidence and evidence-based methods. It is said to be the blockchain for “changemakers, innovators, and visionaries” and is among the Ethereum killers gunning for the number two spot.

Although it competes directly with Ethereum, Plutus smart contracts have only just been deployed following the Alonzo hard fork. Looking ahead, the Cardano Summit 2021 runs September 25 and 26, which could lead to more positive fundamental news for the cryptocurrency project founded by Charles Hoskinson.

The debut of Cardano’s Plutus scripts will allow dapps to run and for DeFi to blossom on the platform. Developer Input Output reminded the Cardano community that there could be “bumps in the road.” However, the crypto community remains bullish on the altcoin, with price targets reaching as high as $10 per coin.

ADA Trading Pairs Now Live At PrimeXBT

At only $2 per ADA currently, going long on the ADAUSD or ADABTC trading pairs recently added by PrimeXBT to the price predictions above could be a trade of a lifetime. If markets turn bearish and those targets aren’t reached before the next downtrend, PrimeXBT lets traders short these trading pairs as well. 

Alongside record-smashing assets like Cardano, PrimeXBT has also listed Dogecoin, Polkadot, Chainlink, XRP, Uniswap, and Solana, joining Bitcoin and Ethereum Litecoin, forex currencies, stock indices, commodities, and much more available from a single account. Never has there been an opportunity for such portfolio diversification under one roof. 

The multi-asset margin trading platform also offers built-in charting tools, personalized service with dedicated account managers, the highest level of asset protection, advanced order types, Covesting copy trading module and several other advantages and features designed for novices and professionals alike. As part of constant innovation, the Covesting Yield Account system is due to be released next with the new asset listing now in the rear view. Within the next several weeks, the APY-generating tool will go live. Don’t miss it, the new assets, or whatever the award-winning platform comes up with next. 


Tagged : / / / / / / / / / / /

PrimeXBT’s Kim Chua: Risk-on Appetite Is Back After Biden’s New Infrastructure Plan

Ever since March of last year, where most of the world’s markets crashed heavily on the realisation of Covid-19’s impact, the appetite for risky investment has been extremely low. Many have been waiting to see how the global economy recovers from the pandemic, and the signs are starting to show.

In the US, the powerhouse of trading and investment, there has been special attention paid to government policy in regards to the handling of the pandemic. The new Biden administration has put through a new stimulus plan, but also spelled out a new infrastructure plan that ranges in at $2.2 trillion.

US policies have already played their part with the markets, and as PrimeXBT analyst Kim Chua notes,after the hiccup regarding rising yields sending risk assets correcting lower, the markets are back to risk-on mode again after Biden announced his $2.2 trillion infrastructure plan.

This new spending will again be financial by USD printing, which will send the USD back lower and stop yields from rising. With yields stable at 1.67% and the US government having just given out $1.9 trillion in reliefs, this additional $2.2 trillion if approved, will not only cause optimism to spike, thereby shoring up risk assets, it will also fuel higher inflation, which will mean higher asset prices.

Employment is recovering, which means people will have more ability to spend. Earnings by companies will then increase due to increase in economic activities and higher spending by consumers. Either way, everything points to higher stock prices, and way higher crypto prices.

The S&P has already broken 4,000 on the back of this positive news and I see the stock markets a lot higher than they are now by September. For cryptocurrencies, the timing cannot be better for a $100,000 BTC and $3,000 ETH by that time.

The rise in traditional markets thanks to this risky appetite is of course pleasing, but it is further highlighted in the growth of cryptocurrencies. Still seen as incredibly risky and volatile, a bigger appetite should help bolster these digital assets in the coming months.

About Kim Chua, PrimeXBT Market Analyst:

Kim Chua is an institutional trading specialist with a track record of success that extends across leading banks including Deutsche Bank, China Merchants Bank, and more. Chua later launched a hedge fund that consistently achieved triple-digit returns for seven years. Chua is also an educator at heart who developed her own proprietary trading curriculum to pass her knowledge down to a new generation of analysts. Kim Chua actively follows both traditional and cryptocurrency markets closely and is eager to find future investment and trading opportunities as the two vastly different asset classes begin to converge.



Tagged : / / /
Bitcoin (BTC) $ 26,575.12 0.01%
Ethereum (ETH) $ 1,592.76 0.12%
Litecoin (LTC) $ 64.65 0.43%
Bitcoin Cash (BCH) $ 208.89 0.57%