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

Phoenix Paradigm Indicator

In this weekly

Weekly StatsPhoenix 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.

Click here to visit the DAA Stats page: DAA STATS
Visit the PPI dashboard

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.

To read all about smart contracts on Waves.

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.

Is the PPI a product of Phoenix Decentralized Solutions?
No, the Phoenix Paradigm Indicator is a product on the platform. If you decide you want to join the PPI, you sign-up with ICONOMI and agree to the terms&conditions of ICONOMIWe 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.