A cryptocurrency, which is backed by gold, would invite a large number of traders into the crypto market. The latest project of Australia’s largest gold mine would take the crypto market to a whole new level. This would be an interesting project, as it has far-reaching consequences for Australian citizens.
Bitcoin Cash, Ripple, and Cardano are currently in the top five of the cryptocurrencies rankings in terms of market cap at number three, four, and five respectively. In term of trading volume Ripple currently ranks number four, Bitcoin Cash ranks number six, and Cardano ranks number eleven, making all three currencies very liquid and easily tradable.
Huobi, one of the world’s largest cryptocurrency exchanges, launches an unconventional token to stabilize the platform. The huobi tokens were not launched through an ICO and have sold also to users of the exchange’s platform.
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