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Binance Launches Decentralized Exchange Genesis Block

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Welcome to the 42nd issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

April 19 · Issue #42 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 42nd issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypto news you need to know. At Quantamize, we are seeking to level the playing field for individual investors with AI-powered Multi-Factor models across multiple asset classes, including Cryptocurrencies. If you have any feedback on this weekly report please send us a note at suggestions@quantamize.com.

Every day at Quantamize, we track the top stories that affect cryptocurrencies and the emerging blockchain ecosystem. At the end of the week, we review all the news to give you a clear picture of what was most important.


VIDEO:
Binance Launches Genesis Block for Decentralized Exchange & more in 2 minutes!
Great Trades, Great Data, Always Free!
The Week in Review
Cryptocurrencies are set to finish the week mostly positive as $3.6 billion was added to total market capitalization. Bitcoin (BTC) appreciated nearly 4% this week as the benchmark coin trades just below the $5,300 price level. Tezos (XTZ) was the best performing major coin this week, observing a 36.29% increase to $1.31. Binance Coin (BNB) was also a top performing coin this week as the coin soared more than 32% to $23.89.  

With BNB trading at $23.89/coin, the exchange-backed token appears poised to become the first major cryptocurrency to surpass its all-time high established in the early-2018 bull run – the coin is just 4.3% off its all-time high! This week, Binance launched the genesis block of its very own decentralized exchange, driving the coin’s gains this week. The decentralized exchange will serve as a platform for issuing new cryptocurrencies and initial coin offerings. Binance expects its decentralized exchange, dubbed Binance Chain, to launch its first mainnet swap on April 23rd.  

Of the 30 cryptocurrencies we model using AI and Machine Learning, 16 are positive for the week. Currently, 8 cryptocurrencies modeled by our Machine Learning algorithms are rated as “Buy”. Nearly all of these models have accuracy scores above 60%!

If you’re a cryptocurrency trader, Quantamize’s AI Machine Learning 3-Day Crypto Trading Signals were updated three times this week, most recently Friday. We model 30 cryptocurrencies and produce directional “Buy”/“Do Not Own” trading signals that help cryptocurrency traders navigate the crypto markets over the short term. You can find a screenshot of our Crypto Signals below. A few highlights include:

  • Bitcoin (BTC) –Do Not Own with an accuracy rate of 61.76%
  • Bitcoin Cash (BCH) – Buy with an accuracy rate of 66.71%
  • EOS (EOS) - Buy with an accuracy rate of 61.20%
  • Ethereum (ETH) – Do Not Own with an accuracy rate of 58.33%
  • Ethereum Classic (ETC) - Buy with an accuracy rate of 62.45%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 64.76%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 61.66%

Great Trades, Great Data, Always Free! Click Above!
Bitcoin (BTC) Social Sentiment Trailing Off as NVT Ratio at Lowest Levels in a Month
Comparing Transactions vs. Mining Profitability in Top Cryptocurrencies
Cryptocurrencies Finish Week Mostly Higher as Binance Launches Genesis Block for Decentralized Exchange
Great Trades, Great Data, Always Free! Click Above!
Bloomberg: The Renminbi Will Become A Cryptocurrency
Bloomberg: China Plans to Ban Cryptocurrency Mining
VeChain Partners with United Nations, Deloitte, and BMW China
VeChain partnerships with United Nations, Deliotte, and BMW China confirmed!
Great Trades, Great Data, Always Free! Click Above!
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