Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.
Weekly Market Summary
Blockchain solutions provider Komodo works with the DOGE community to launch DogeDEX. Komodo, an open cryptocurrency project and blockchain solutions provider, DogeDEX has already amassed 3,000 downloads and 179,212 swaps of DOGE since its limited release on March 1st.
The DogeDEX is designed with usability in mind so users can sign up and trade within minutes, all updates to the underlying AtomicDEX engine will automatically update the DogeDEX too, to ensure it remains as efficient and advanced as possible.
Decentralized exchange (DEX) Dodo has suffered an exploit, leading to a significant loss of tokens.
Decentralized exchange Dodo was hacked for $3.8 million in the last 24 hours, but expects about half of those funds to be returned, according to a statement. Four pools of funds were affected in the exploit, specifically the WSZO, WCRES, ETHA, and FUSI pools. The exchange claims that other pools were unaffected.
Dodo is a decentralized exchange (DEX) for swapping cryptocurrency tokens, a part of the decentralized finance (DeFi) ecosystem. It runs on two blockchain.
Quick weekly news:
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Tether tokens go live on Ethereum competitor Solana blockchain: Read more here.
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Dash rolls out Ethereum DeFi bridge with staking and yield farming: Read more here.
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Crypto asset manager CoinShares begins trading on Nasdaq in Sweden: Read more here.
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New Zealand firm launches stablecoin backed by NZD: Read more here.
Other notable events include:
– Ethereum ETP Launch at Deutsche Borse
– New DeFi bridge for ZEN token
ETP
ETC Group joined 21Shares in launching a centrally cleared Ethereum exchange-traded product (ETP) on Deutsche Boerse.
The ETC Group Physical Ethereum ETP (ZETH) will be listed on the Deutsche Boerse via white-label issuer HANetf with a total expense ratio (TER) of 1.49%. ZETH will offer exposure to the price of Ethereum.
DeFi bridge
ZEN users will now be able to participate in the Ethereum-based DeFi ecosystem and at the same time earn Horizen node staking rewards by using stakedZEN (stZEN).
Horizen, a blockchain platform that enables businesses and developers to create their own public or private blockchains, today announced a partnership with StakeHound, a liquid staking enabler. StakeHound will enable users to participate in the Ethereum-based DeFi ecosystem.
Here are the hottest exchange listings of the last week:
New Listing on CoinbasePro:
– SKALE Network (SKL/GBP SKL/BTC SKL/USD SKL/EUR)
– Polygon (MATIC/USD MATIC/BTC MATIC/EUR MATIC/GBP)
– SushiSwap (SUSHI/BTC SUSHI/ETH SUSHI/EUR SUSHI/GBP)
New Listing on Binance:
– MANTRA DAO (OM/BTC OM/BUSD OM/USDT)
– Marlin (POND/BUSD POND/USDT POND/BTC)
– Dego Finance (DEGO/BTC DEGO/BUSD DEGO/USDT)
New Pairs on Binance:
– EGLD/EUR DOT/BRL ADA/AUD HOT/TRY
New Pairs on FTX:
– DASH-PERP
– KAVA-PERP
– FLOW-PERP
– CAKE-PERP
– NEAR-PERP REEF-PERP REEF/USD
New Listing on Huobi:
– CVNT/ETH CVNT/BTC
By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!
Cardano is an open source blockchain project to run financial applications used by businesses, consumers and governments worldwide. It can be used to send and receive digital money and ensures fast, direct and cryptographically secure transfers.
Similar to Ethereum, Cardano is a smart contract platform however, Cardano offers scalability and security through layered architecture.
ADA is the blockchain’s currency token that can be used to store value or send and receive funds.
😋Recent announcements:
Cardano’s ADA Token Tripled in February to Outperform CoinDesk 20
Cardano Price Prediction: Will ADA Price Reach $ 10 in 2021
🔥DYOR:
– Website
We have prepared for you top-performing coins of Mar 11.
Theta Fuel has managed to become the best performing asset from TOP-100, gaining 58.28% within the last 24 hours.
Fantom was the worst-performing asset from TOP-100 (again), losing 8.23% within the last 24 hours.
To get up-to-date reports on gainers and losers during the week, follow us on Twitter.
Good Crypto Feature of the week
⚙️Feature of the week – Trailing Take Profit
Trailing Take Profit is a smart order that maximizes your profit by letting you ‘ride’ the price as long as it keeps moving in your favor.
Trailing Take Profit allows you to automatically catch additional upside with zero risk added..
⚙️How it works
After your minimum required profit threshold is reached, instead of simply executing at this price, Trailing Take Profit will follow the price at the distance you specify, while the price keeps moving in your favor. If the price trend reverses, your Trailing Take Profit will remain in place. If the price reverses enough to touch the order trigger, Trailing Take Profit will execute.
✅How to set it up
When placing any order via the Good Crypto App, simply switch the Trailing Take Profit toggle on, specify your expected Minimum Profit, and set Trailing Distance (the amount of price pullback the order can withstand before triggering).
👍Pros
– A great opportunity to increase your profit with zero risk added
– Works automatically
👎Cons
None.
🚀 Become a better trader with the Good Crypto App!
Top crypto meme of the week
It’s annoying when things don’t go with the plan 😠
We hope you found this digest useful and informative! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!