Cardano, Terra, Polkadot: technical issues resolved, crypto-ETP launched


Cardano, Terra, Polkadot

2/2 – Cardano, and post gains on Wednesday, January 12, 2022. L ‘increases 8.49% to $ 1.2356, while it takes 8.90% to $ 77.27 and climbs to 9.39 % to $ 26.01.

Cardano: technical issues resolved on Coinbase (NASDAQ: NASDAQ 🙂

For 72 hours in total, Cardano users were unable to receive or send ADAs on Coinbase. The reason for this was a blockchain update, which impacted Coinbase’s payment streams as the crypto exchange had yet to implement this update.

Coinbase has not made an official statement on the causes of this outage. On Reddit, it was speculated that a new form of recipient address validation by Cardano developers was causing the technical issues.

Coinbase has meanwhile announced that the issue has been resolved.

Terra: the first crypto-ETP begins trading on the SIX Swiss Exchange

21Shares today announced that the first crypto-ETP on the Terra blockchain can be traded in CHF, EUR and USD on the SIX Swiss Exchange. 21Shares CEO Hany Rashwan said:

“We have had a longstanding interest in the Terra ecosystem and are very impressed with its development and popularity. We are delighted to be able to offer investors the world’s first listed ETP that replicates this innovative product.”

Polkadot breaks an important resistance

The recent Polkadot rebound was accompanied by a positive divergence in the RSI on the 4-hour chart. As the blue arrows show, the has formed a lower trough, while the RSI has formed a higher high. This indicates that the negative dynamic is visibly weakening.

The ensuing bullish move broke the resistance of the 78.6% Fibo retracement at $ 25.37. As long as the DOT manages to hold above this level, the bullish movement may continue towards the 61.8% Fibo retracement at $ 26.96.

The RSI sits well below the overbought level of 70, which still leaves room for further gains.

By Marco Oehrl

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