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Cardano (ADA) price gets stable after Kraken exchange listing

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Cardano

The crypto market activities began in greenish-style on last Friday as most of the cryptocurrencies trading that time were in the green while increasing by minimal percentages. One of the cryptocurrencies experiencing a smooth activity since then is Cardano (ADA).

At the time of writing, Cardano is priced at $0.085 with a market cap of $2,213,223,331. In the last seven days, Cardano (ADA) saw a market surge of more than 10%. Hence, this is good news for Cardano users as their token has increased its value as well the reach. Still, it is essential to know that Kraken is just a nice little addition as exchanges such as Binance and UpBit have a majority of its trading volume of more than 20%.

We do know that in the past few weeks, Cardano (ADA) hasn’t been at its best as it was formerly trading at $0.07. And as things seem, its recent price stabilization is basically because it has currently been listed on Kraken Exchange. Cardano (ADA) started trading on Kraken with QTUM (QUTUM), and the ‘big’ news has made both cryptocurrencies surge.

Cardano’s listing on Kraken gives it the ability and access to fiat trading pairs as well as digital assets since it will get traded with Bitcoin, Ethereum, USD, etc.

It is important to know that Kraken is a cryptocurrency-exchange company based in the United States. The exchange operates in countries such as Canada, Europe, Japan, and the United States. Kraken is also a prominent crypto-exchange. It has a daily volume of $160 million, and it is fully supported in Europe.

The crypto-exchange platform has decided to add Cardano and QTUM to its platform to boost its network. It is good news for both the exchange company and also these newly listed digital assets.

Kraken announced this in an official blog post:

We are pleased to announce that Kraken will list two new digital assets – Cardano (ADA) and Quantum (QTUM)”

Start timing for trading and funding
Both funding and trading will immense simultaneously for both digital assets. The estimated global launch time is:

Friday, September 28 at 6:00 am – PST
Friday, September 28 at 9:00 am – EST
Friday, September 28 at 1:00 pm – UTC
Friday, September 28 at 3:00 pm – CEST
Friday, September 28 at 9:00 pm – HKT

Additionally, Kraken is also making progress in the cryptocurrency sphere as it replied through its official Twitter page to the proclamations of Barbara D. Underwood, New York Attorney General. The exchange Tweeted,

Technically, Cardano has seen dips in the past three months, but following the listing news on Kraken, it has bounced off the channel; at the moment, there is a pullback to the 61.8% FIB level or to the lower end of the channel again.  Its MACD has turned bullish, so a small pullback is probably what is needed to propel this digital coin higher on the next move.

In the past, there have been some bullish predictions that ADA will attain $1, but the long bearish trend in the market significantly affected its price. With Kraken listing and other recent developments around the cryptocurrency, we hope there will be some positive changes in the price of Cardano (ADA) very soon.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Chris Barbalis on Unsplash

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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