Litecoin [LTC], Stellar Lumens [XLM], and Bitcoin [BTC] have a brighter side to look up to as one of USA’s largest stock exchange, NASDAQ announced support for these currencies. The exchange will make its debut to the digital asset market with some plans for the future to set up a crypto exchange.
The plans to develop the platform are underway, as the high-profile CEO, Adena Friedman stated, whereas no timelines have been released to date. This could raise the bar and change the entire crypto-sphere for a positive change.
According to some news reports, Nasdaq is supposedly backing up the aforementioned currencies with a popular partner, the Gemini exchange which is the first in the country to be completely licensed exchange platform. Their partnership looks at allowing Gemini to utilize Nasdaq’s tools and technologies to monitor real-time trade activities and augment security. The exchange will back the currencies and also work on developing their own crypto exchange platform.
Stellar Lumens [XLM] has been appreciated much in the recent days for its fairly good performance in the market and for grabbing many big deals like collaborations with IBM and Kin Foundation among others. XLM is at the 8th, displaying consistency and stability in the volatile market.
The other currency to be backed by the exchange is the world’s 6th largest cryptocurrency, Litecoin which is basically an offspring of the market’s original currency Bitcoin. The current trading value for Litecoin is $121 with no major loss or gains. The market cap stands at $6.91 billion and is popularly known for its low fees and for being accepted widely in various stores and websites.
Bitcoin, the largest currency in the world that has ever been created since the crypto-market came into existence is also being supported by Nasdaq. With a $128.5 billion market cap and no other currency close to the figures, it has been ruling the market ever since it came to light.
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WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.
Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.
As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.
Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted
“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”
Another user @BITCVIX tweeted:
1min WAVES/BTC flash crash on Binance (from 5200 sats to 1 sat) pic.twitter.com/C9WAGyjwp9
— BTCVIX (@BTCVIX) April 17, 2019
TradingView commented on this matter saying:
“Something strange is always happening in the #crypto market”
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