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ICYMI: NEM [XEM] gets listed on Coindeal, more Asian exchanges on-board!

Simran Alphonso



ICYMI: NEM [XEM] gets listed on Coindeal, more Asian exchanges on-board!
Sources: Pixabay

Today, XEM announced its listing on Coindeal. NEM [XEM] has been listed on different crypto-exchange platforms. Lately, South Korea’s leading cryptocurrency exchange platform, Bithumb also listed XEM. Listing on India’s BuyUcoin, as well as Hong Kong’s Coinsuper, indicates that NEM is rapidly covering the Asian trading platform market.

NEM Tweeted:

“Vote #NEM $XEM in #Coindeal!

Cryptocurrency exchange CoinDeal was launched early in 2018 and within 3 months of opening their doors to traders, the company is already processing daily trading volumes of $3 million.

CoinDeal was founded by Polish cryptocurrency and blockchain entrepreneurs. It is a service to buy Bitcoin tokens with fiat currencies via credit card and – a cryptocurrency payment gateway.

Users can enter the CoinDeal market using fiat currency, currently EURO. It has a 24/7 multilingual support team, so users can report issues in English, Chinese, or Polish. All materials available before logging in are in English, Chinese, German, and Korean. CoinDeal also plans to launch Polish and Russian language versions of the exchange.

Clients can enter the CoinDeal market utilizing fiat cash, at present EURO. It has an all day, every day multilingual help group, so clients can report issues in English, Chinese, or Polish. All materials accessible before signing is in English, Chinese, German, and Korean. CoinDeal additionally plans to dispatch Polish and Russian dialect adaptations of the trade.

NEM Foundation had additionally reported their tie-up with BitPrime, which is a cryptocurrency exchanging stage situated in New Zealand. With this partnership declared, Foundation and BitPrime will hold a celebration in June 2018. In the coming days, they will in like manner report an XEM airdrop. More affiliations are on the way, NEM says.

At the time of writing, XEM is a victim of the bearish market and runs red. The coin has a trading price of $0.19 and a market cap of $1.7 billion. The coin has seen a fall of 1.22% in the past 24 hours and its weekly cap runs low with a fall of 21.98%

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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.


Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump

Biraajmaan Tamuly



Source: Pixabay

The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.

Source: CoinmarketCap

At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96  million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.

Source: Trading View

According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.

Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.

Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.

At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.

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