Crypto & Blockchain Weekly Market Update
Phoenix Paradigm Indicator
In this weekly
> Weekly Stats — Phoenix Paradigm Indicator
> Weekly Highlight — XLM or ETH? The question for a gold bullion manufacturer
> Weekend Watch —The power of Ethereum
PPI Weekly Stats
This week saw mostly sideways trading for the PPI. There is not much to be said about the markets right now. As long as there is no clear indication of where bitcoin is going the market seems to be waiting.
This resulted in a small loss of 0.02% and ranking 22 when compared to other DAA’s.
Weekly Highlight —XLM or ETH? The question for a gold bullion manufacturer
A major gold bullion manufacturer is researching the possibility to bring back a gold backed currency using blockchain technology. They are contemplating whether to use Ethereum or the Stellar network to run this on. Although DigixDAO is already doing this with their DGX token, it is always nice to see more competition come into this space. Competition drives innovation.
The company is currently considering the benefits of building the tokenisation on either Stellar or Ethereum and has several hundred million ingots that could be tokenised, they currently trade in excess of $1.5B in gold a year.
Weekly Watch —The power of Ethereum
Joseph Lubin, who has been on our weekly watch a few times before, delivered a very nice presentation of the web 3.0 and Ethereum at the Web Summit. He talks about how the web 3.0 will be decentralized and in service of the individual. Please take a look at The Power Of Ethereum.
So you found our update, but you’re still standing on the side? We invite you to join our vision for a better world through blockchain and decentralization. Visit our website, join the Phoenix Paradigm Indicator DAA or reach out if you have any question or remark. We are here to help and make it easy for you.
We hope to have informed you to your satisfaction. If there remain any questions, feel free to contact us.
Best regards and happy paradigm shifting,
Disclaimer: The content and information published in this update do not constitute a financial, investment, tax, legal or any other professional advice, nor shall they be deemed as a recommendation to buy or to trade with any or all of the aforementioned product units or other services. The information published in this update shall not be interpreted as an offer to issue or sell, or any invitation to an offer to buy or to trade with any financial instruments, but is intended solely to provide investors with information. Retail clients should seek assistance of an independent financial or tax advisor prior to making any investment decision.
Is the PPI a product of Phoenix Decentralized Solutions?
No, the Phoenix Paradigm Indicator is a product on the ICONOMI.net platform. If you decide you want to join the PPI, you sign-up with ICONOMI and agree to the terms&conditions of ICONOMI. We do not have any access to your personal details. Our role is to explain what the PPI is and we can help you set up your ICONOMI account by providing tutorials, personal support and guidance. If you have any questions about your participation, please contact ICONOMI.