Digital Assets Strong Like Bull - Mine Digital
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Digital Assets Strong Like Bull

August 13, 2020 • 
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It has been a huge 24 hours for DeFi projects and selected others like Chainlink. A pack of digital assets emerge in a repricing of value propositions.

Morning Traders,

With a good sell-off in gold and bitcoin the last couple of days, things are starting to get a little tricky in markets after a fairly clean run.

Digital assets are still being bid hand over fist for DeFi projects and some other assets like Chainlink, Cosmos, Band are also catching bids.

We had been leaning towards equities selling off before last night, and are back to favouring gold being bid as the path of least resistance in the equation which sees US Equities sell-off relative to gold, but not to USD.

Bitcoin

For Bitcoin, the asset has shed its correlations to gold and equities recently, and seems happy to take its time.

Bitcoin last traded at $11,567

24 hr high: $ 11,624

24 hr low: $ 11,151

Bitcoin USD Chart

Ethereum

Eth has traded higher than Bitcoin the last 24 hours. We had been more bearish on Eth after its rapid ascent, but with the vigorous bids in Chainlink and DeFi, we suspect that there is more upside in the asset.

Eth last traded at $387

24 hr high: $ 389

24 hr low: $ 365

Ethereum USD Chart

Digital Assets

DeFi projects and Chainlink have had incredible inflows overnight, with a handful of tokens up over 20%. Strong moves across the space making new highs. Wow!

  • Aave: $ 0.442
  • Algorand: $ 0.524
  • Cardano: $ 0.137
  • Chainlink: $ 16.63
  • Compound: $ 220
  • Maker: $ 726
  • Ren: $ 0.311
  • Reserve Rights: $
  • Stellar: $ 0.102
  • Synthetix: $ 5.64
  • Tezos: $ 4.41

Whether you want to simply buy and sell or access advanced features, we have the tools you need. Mine’s order-book exchange lets you trade BTC, ETH, XRP, LTC and BCH against AUD, USD and USDT*. Mine Digital, Australia’s best Cryptocurrency Exchange.

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