We followed and participated in the live stream of a recent meetup in Amsterdam that featured Waves Platform and fresh updates coming from their dev shop about the upcoming smart contracts. The meetup was held at a Primalbase shared office space which is also one of the biggest and successful ICO projects funded through Waves platform.
Market analysis is an evaluation of a specific financial instrument, stock or in our case, the crypto markets. It can be applied to a specific cryptocurrency, some initial token offerings (ICOs), or even the whole crypto market in aggregated form.
There are two types of analysis that are based on financial markets, which are fundamental and technical analysis. They both serve as tools so that investors and traders can make purchasing and selling decisions of some cryptocurrency. By analyzing and evaluating historical data, financial flows, and price movements, investors try to gain market advantage and ultimately profit from the acquired knowledge.
We have already written about decentralized exchanges and how they are slowly but steadily making their way on the crypto markets. It is a big deal after all. Centralised exchanges have their vulnerabilities as any other software, but the deal here is that they operate with large sums of actual money being exchanged by numerous traders. They are, in itself, a SPOF or a Single Point of Failure in the blockchain network. Therefore, concepts like atomic swaps come to the rescue.
A lot of talks has been brought up about cryptocurrencies. It is mainly the price that has been the highlight. The crypto markets are a highly speculative market with a lot of price being pumped and dumped based on future predictions of the price. Add regular mortals to the story which can now be in possession cryptocurrency with a swipe of a credit card and you are set for a perfect storm in capital markets which hasn’t been seen up until now.
But there is more to the story than just the price, and this is what I hope people will realize once they enter in the crypto domain through this one vertical which is currently the $ counter value. The underlying machinery powering this new revolution in the digital domain is something that I believe will truly change how we perceive trust, ownership, and value. Some of the hardcore veterans of Internet and computing like Marc Andreessen have even gone so far to say that it is as big of an invention as the Internet. The Blockchain.