Ripple XRP launches Liquidity Hub, Kadena Coin the most bullish crypto this week

Ripple had a backlash in court over the Securities and Exchanged Commission this week after being ordered by one of the judges on the case to provide video and audio recordings of the company’s internal meetings speaking on behalf of the SEC could. But Ripple continued the uptrend, even picking up pace this week ahead of yesterday’s retreat amid profit-taking in the crypto market.

But the 20 SMA is held as support for XRP and the price is reversing upwards XRP / USD . Ripple has announced that it will launch the Liquidity Hub. This enables financial companies to provide their customers with access to cryptocurrencies to buy, hold, or trade Bitcoin, Ripple, Ethereum, Litecoin, etc.

XRP / USD

It will give companies access to digital assets from market makers (MM), exchanges and over-the-counter (OTC) trading desks. So buyers want to get in on Ripple, but they are hesitant due to the SEC lawsuit and the cautious upward trend is pointing to this. We are sticking to our XRP buy signal, which will take some time, but we are patient.

Kadena Daily CHart Analysis – KDA can’t stop making new highs

Kadena used to be an unknown crypto in the vast space of thousands of cryptocurrencies, but it has drawn a lot of attention this week. In mid-October, KDA / USD was trading at around $ 2, while it hit $ 26 on Sunday after the surge picked up pace. The price fell about $ 13, which is the 50% Fibonacci retracement level, and bullish momentum has resumed. Today the Kadena coin printed a new high at $ 28.50, showing that the bullish momentum is quite strong.

Kadena is unable to create a resistance level as buyers keep pushing the price higher

Kadena, which is able to process 480,000 transactions per second (TPS) as a proof-of-work (PoW) Layer 1 blockchain through the use of “braided chains”, brings the packaged Kadena (WKDA) up for Ethereum the market, a compatible decentralized financing (DeFi). Protocol. Because of this, the daily trading volume rose from an average of $ 3 million to more than $ 345 million. Kadena announced plans to expand it to other Layer 1 blockchains like Polkadot, Cosmos, Terra Money, etc. That’s an important reason for the rally.

In addition, the UFO token will build its NFT gaming platform on top of Kadena, which means that Kadena will add NFT capabilities to the network. Kadena is also increasingly listed on various crypto exchanges such as CoinMetro and Crypto.com, so its popularity is rising and will continue to do so. For these reasons, the Kadena coin has skyrocketed lately and is showing no signs of sagging after hitting new all-time highs today. We are tracking this coin and if we see a decent pullback we could even go long on Kadena.

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