In this Crypto & Blockchain Weekly Market Update of September 7, we share the statistics and performance of the Phoenix Paradigm Indicator over the last seven days. This weeks Highlight is Waves Smart Contracts. And our Weekend Watch includes Joseph Lubin.
Crypto & Blockchain Weekly Market Update
In this weekly
> Weekly Stats — Phoenix Paradigm Indicator
> Weekly Highlight — Waves Smart Contracts
> Weekend Watch — Joseph Lubin On Crypto Correction
PPI Weekly Stats
This week started with a change in sentiment all across the markets, some assets like Dash and Monero saw an increase in price, and bitcoin rose steadily for 13 days. On Tuesday however the market took a sharp downturn resulting in a 20% loss on most crypto currencies.
This turbulent week meant a 10.36% loss for the PPI.
Weekly Highlight — Waves smart-contracts
This week Waves made a big announcement that they will be implementing Turing-complete smart contracts to their mainnet on the 10th op September. With this upgrade it will be able to offer its users Multi signature Wallets, the ability to perform Atomic Swaps and Token Freezes and will open the way for developers to build Decentralized Applications on the Waves blockchain.
We would like to congratulate Waves on this major milestone!
Weekend Watch — Joseph Lubin On Crypto Correction
Joseph Lubin, co-founder of Ethereum, founder of ConsenSys, explains how he views crypto prices. And why extreme price volatility is good for the ecosystem.
“I Think there will be a series of irrationally exuberant price spikes up followed by corrections, probably, because the technology is quite profound.” Joseph Lubin
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.
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