Blockchain technology has been applied to the three top movers this week. China’s Impressive blockchain infrastructure project ‘Blockchain-Based Service Network (BSN)’ became partners with Chainlink. Meanwhile, the Enjin powered blockchain game has sparked the imagination. A delightful partnership between Stella and Samsung has injected some optimism into the Market.
This week’s high flyers are Chainlink, Enjin and Stella Lumens. During a period when the crypto market has been experiencing an extended period of stability, these three coins have had surprising success.
Chainlink started the week with an epic rise over the weekend, beginning the week with an optimistic $7.47. Strengthening its position on the opening Friday morning, Chainlink arose to an astonishing, $8.64. All eyes are watching as it appears to be flattening out.
Although investors will be sorry to see Link come down to more normal levels. Traders will be happy for an opportunity to buy in at lower prices.
After a difficult time last weekend, Enjin has been making a steady climb. It opened the week around $0.17 and rose to about $0.18 by Friday morning. Then it took off like a rocket to $0.21 and still climbing at the time of writing.
News of the first Blockchain Open-World RPG. This exciting new development allows crafted items to be truly owned in a decentralised digital economy with real-world value that is powered by Enjin excited the market!
The development of blockchain in this exciting industry is still in its infancy. The gaming industry is big business and blockchain could be the next big step forward. It is worth keeping a lookout regarding this thrilling new venture.
Stella opened this week around $0.91 and fell on Tuesday to around $0.84. But the announcement on Wednesday of the integration of Stella into the Samsung Blockchain Keystore has brought a day on day rise. By midday on Friday, there is a continuous climb to $0.107.
Uniting Stella with Galaxy certainly suggests that this partnership could blast-off into the stratosphere. Stellar Lumens is one to watch, this company has plenty of potentials.
Diving Murkey Blockchain Depths
Heading into the murky depths this week are are Ethereum Classic, EOS and Ravencoin.
The Ethereum Classic opened the week at about $6.46 and has shallow dived to a low of $5.88. This hasn’t been caused by cataclysmic events but is simply the back-end of a rhythmic wave.
Eos has been riding gentle waves since it plummeted to the depths back in March. Since then it has been riding moderate swells. This week it dipped below the seven-day moving average, possibly next week it will creep above it. There is no real news concerning this coin other than a great deal of speculation.
The Coronavirus nosedive back in March has left Ravencoin like so many others floundering around near the market floor. This coin is currently swimming sideways on tranquil waves.
Earlier this month, a vulnerability in the Ravencoin community code submission was exposed causing extra coins to be created, adding to the total supply of 21 billion RVN. However, after a brief dip, the coin barely missed a beat.
Currently, there appears no reason for Ravencoin to change course, therefore it will probably continue in this stable pattern for the immediate future.
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