Etienne from Binance Research and Brian from Binance Trading walks you through t…


Etienne from Binance Research and Brian from Binance Trading walks you through the latest crypto market review for November 2019 ‪To read the report, please visit‬ research.binance.com

Research Views

Wild November!

November was another wild month from the perspective of markets as the price of Bitcoin displayed a negative trend, moving from $9,200 to close at $7,600 after bouncing from a low at $6,600 (on November 25th). Once again, altcoins lagged, and most of them displayed sizeable downward price movements. However, their respective fundamentals seemed to play a strong role with large idiosyncratic factors leading to positive price changes for a few altcoins over this month (e.g., Matic Network and Enjin).Owing to the drop in the price of ETH (in line with the overall market movement), DeFi has seen its cumulative amount of ethers locked reaching new highs with a peak at 4.4 million ETH locked on November 29th. Meanwhile, Maker released the Multi-Collateral Dai (called DAI), which operates side-by-side with Single Collateral Dai (ex-DAI, now SAI). As of December 4th, an estimated 54% of the SAI had been converted into DAI1.Other significant developments are bound to happen on the altcoin side, such as Cardano’s Shelley mainnet upgrade, the v3 of the 0xProtocol moving to ETH mainnet, and Elrond’s upcoming mainnet launch in December.Furthermore, Binance Futures continued its meteoric growth, and the recent addition of a second perpetual contract on the platform (ETH/USDT, with leverage up to 50) could potentially foster supplemental trading opportunities for all crypto-derivatives traders.

Tags Below 👇

#Binance #BinanceExchange #BinanceIsGlobal #BNB #BinanceFutures #BinanceTrading #BinanceResearch #Crypto #Bitcoin #BTC #Cryptocurrency #Blockchain #DigitalAssets #Exchange #InstaCrypto #InstaBitcoin #InstaCryptocurrency #Instablockchain #instabinance #Stablecoin

 



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