Privacy Coins Surge Again, a Possible Leading Indicator for the Crypto Market

Privacy cryptocurrencies are up big over the last 24 hours, led by Monero and Komodo.

Privacy cryptocurrencies have been on a tear over the past week, with the AltDex Privacy Coin Index (ALTPRV) up over 20%.

Things seem to be heating up once again, as the index is up nearly 10% in a matter of hours. This bullish price action is being led by several coins, including Komodo (KMD), Monero (XMR) and Verge (XVG).

The recent uptick is significant, as the broader market has yet to fully join the digital asset class in another major bullish move. The AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently up only 0.18% as Bitcoin tries to break through $7,250.

Given the current price action, a surge of buying when the U.S. market returns from the long weekend holiday could help push Bitcoin to new monthly highs and the recent price action with privacy coins could be a leading indicator of investor sentiment.

A similar situation happened on August 26 when the AltDex Masternode Index (ALTMSN), which tracks major masternode cryptocurrencies, jumped nearly 30% prior to a broader market run-up that saw Bitcoin move from $6,700 to nearly $7,100.

Source
Author CRAIG RUSSO 
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Cardano (ADA) And Komodo (KMD) Are The Cryptos You Should Keep An Eye On This Week!

The cryptocurrencies market might not look very sharp these days, as the last period the market experienced another significant downtrend. However, there are a few cryptos you should keep an eye on this week, and among them, there are Cardano (ADA) and Komodo (KMD).
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Cardano (ADA) might have an excellent week
Cardano (ADA) operated on the Cardano blockchain, headed by the ex-co-founder of Ethereum (ETH), Charles Hoskinson, and developed by the IOHK company.

The Cardano blockchain aims to bring the blockchain technology to the next level and to come up with a robust platform with libraries of protocols for smart contracts, based on which developers could build decentralized apps.

Momentarily, the Cardano platform is in the Byron stage where the team improves the code and debugs the network. Once the blockchain evolves to the next phase, the Shelley stage, the Cardano (ADA) blockchain would be decentralized, and the team would enhance the platform’s stability and interoperability.

The Cardano platform uses its own cryptocurrency, the Cardano (ADA), and the next significant roadmap update will roll out in late-August. However, on August 15th, a special announcement will be made.

TIP

Komodo blockchain intends to provide smart contracts, along with blockchain-based solutions, while the Komodo (KMD) cryptocurrency is a crypto for maximum security and privacy.

In the same day when Cardano (ADA) will have its special announcement, on August 15th, the Komodo’s second layer of notarization in the platform’s main blockchain, ZILLA, developed by ChainZilla, will make the last preps for the ChainZilla KMD airdrop.

If you want to be a part of this airdrop, then you would have to download the latest Komodo (KMD) wallet and have at least 500 KMD in your balance by August 15th. The first phase of the ChainZilla airdrop would commence on August 30th, 2018, and would deliver 1 million Komodo (KMD) to the eligible holders, based on their balances.

Despite the downtrend of the cryptocurrencies market, this week sounds full of events for Cardano (ADA) and Komodo (KMD), so you should keep an eye on these two, as their prices might surge.



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Source
Author: MaxPositives
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