Slump or Not, BUIDLers Gonna BUIDL

The cryptocurrency market has been anything but stable in recent days. But we, the Finrazor team, do not let the spikes and free falls distract us from work. For the past few weeks, we’ve been preparing a series of educational beginner-friendly articles about some of the more established as well as newer technologies

After all, it’s the tech that we are here for, isn’t that right?

Some of the more widely supported and well-established projects include

  • Ripple, a set of technologies that promise to revolutionize cross-border payments and provide on-demand liquidity;
  • Nano, a highly scalable cryptocurrency powered by the block lattice DAG-based structure;
  • IOTA, another DAG-based high-performance cryptocurrency enabled by the Tangle technology that seeks to be useful in the age of Internet-of-Things and M2M economy.
  • Cardano, a highly ambitious smart-contract platform that employs a strict academic approach to development and peer review process.

Privacy coins and the explorers of the mysterious zero-knowledge cryptography

  • Monero, the biggest Bitcoin-based privacy coin which uses a clever combination of cryptographic technologies such as Ring Signatures, Bulletproofs and stealth addresses;
  • Zcash, another cryptocurrency that uses zk-snarks to give users an option of making their transactions anonymous. Zcash recently held a hardfork called Sapling;
  • Dash, a privacy-focused cryptocurrency that provides users with anonymity by employing coin-mixing techniques,
  • Mimblewimble, a protocol that promises an unprecedented level of scalability which concurrently solves the issue of privacy. It can be implemented as both a sidechain to Bitcoin or a separate blockchain, as are Grin and Beam.

Some of the lesser-known, yet promising projects

  • Algorand, a new protocol that promises high scaling by employing Byzantine agreement and cryptographic sortition.
  • Holochain is a wildly different beast. Unlike many blockchain projects, it puts the individual node and its freedom as the core consideration for protocol design.
  • Avalanche does not even have an implementation yet but still has gained a lot of attention due to its clever design that builds four protocols upon one another and forms a single technological stack.

XRP

0.2945 USD
-1.84%

ZEC

63.15 USD
-4.12%

DASH

112.95 USD
-4.93%

ADA

0.06894 USD
-3.66%

XMR

64.20 USD
-5.41%

NANO

1.58 USD
-8.73%

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XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.
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