Monday Market Report | Feb 13th-19th, 2023
?? Weekly TL;DR
Every Monday morning, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
All in all, last week was not unkind to crypto?investors…
?? Weekly Moves
Market Summary:
Performance:
Bitcoin is currently the top trading pair on NDAX, followed by Tether, Ether, Solana and Shiba Inu.
Over the past 7 days, the value of Bitcoin (BTC) has increased by 12.98% and is currently being traded at $32,806. Ethereum (ETH) is up 12.09% during the same period and is now being traded at $2,269.
Other notable coins include:
Market Trends:
As of 02/20/2023 2:00 AM EST, values in CAD.
Keep an eye on the market here ???Cryptocurrency Prices
?? Community News
In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in:
?? Upcoming Events
Mark your calendars!
?? Educational Resources
Looking to learn more about cryptocurrency and blockchain? Here are a few resources that we recommend:
?? Weekly Coin Profile
This week, we're taking a closer look at Vechain (VET).
Vechain (VET) is a blockchain-based platform that focuses on supply chain management and product tracking. The platform aims to create a more transparent and efficient supply chain by using blockchain technology to provide secure and reliable product information.
Vechain was founded in 2015 and launched in 2017 as a project of the Chinese blockchain company BitSE. One of the key features of the Vechain platform is its ability to create unique digital identities for physical products using NFC chips or QR codes. This allows manufacturers, retailers, and consumers to easily access and verify product information, such as the product's origin, authenticity, and quality.
Vechain has established partnerships with several major companies, including Walmart China, BMW, and LVMH, and has been used to track a variety of products, from food and wine to luxury goods and automobiles.
As of February 2023, VET has a market capitalization of around $3.0B CAD and a circulating supply of 72.5B VET.
To learn more visit:?What is Vechain?
?? Feature of the Month
Did you know you could set your?Dollar Cost Averaging on Autopilot?with the NDAX Recurring Purchase feature?
Dollar-cost averaging allows you to buy smaller amounts of an asset over a long period of time at different prices. As the cost of assets moves in a zigzag manner, investing at regular intervals allows you to buy an asset at an average price versus buying a huge chunk at one price point.
?? Invest consistently
Recurring purchases are an effective solution for traders looking to invest at an average price over a longer timeframe.
?? Forget complex price movements
As more institutional and retail investors enter the crypto markets, prices of cryptocurrencies are gaining stability. However, you may still not want to take any significant risks with your money by trying to time the market.
?? No need for a large sum of money
Investing a considerable amount at once is not possible for everyone. The dollar-cost average approach can be a good choice for investors looking to slowly enter the cryptocurrency market.
Upon login,?Recurring Purchases?are 6th from the top of the main left-hand menu/navigation bar.
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Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.