Crypto & Blockchain Monthly Market Update

Phoenix Paradigm Indicator

In this Monthly

> Weekly StatsPhoenix Paradigm Indicator
> Monthly StatsPhoenix Paradigm Indicator
> Rebalancing — Phoenix Paradigm Indicator
> Weekly Highlight — Dash Price Surge
> Weekend Read —The State Of Ethereum


PPI Weekly Stats

After a calm weekend, the market made an upside move on Monday. Although these steady gains were trimmed a bit during the rest of the week, the PPI still saw an increase of 6,78% compared to last Friday.

Weekly stats for the Phoenix Paradigm Indicator
Weekly stats for the Phoenix Paradigm Indicator

PPI Monthly Stats

It has been quite a ride last month, seeing a constant decline since the first of August. Halfway through the month, the decline halted and formed a bottom. The last few weeks were steady and this resulted in a total monthly decline of -26,02% for the Phoenix Paradigm Indicator.

Monthly stats for the Phoenix Paradigm Indicator
Monthly stats for the Phoenix Paradigm Indicator

Rebalancing — Phoenix Paradigm Indicator

Last week we were discussing the possibility of a re-balancing. Specifically Bitcoin increased by more than 150%. We now have proposed the re-balancing of the Phoenix Paradigm Indicator. This ‘resets’ the weighing of the digital assets to their original values. Our proposal is now under review by ICONOMI. The re-balancing may take place anytime in the next few days, as soon as ICONOMI accepts our proposal to re-balance. You can check the statistics and weighing in real-time here: PPI Dashboard.


Weekly Highlight — Dash Price Surge

Dash price surged this week by 35% in total, due to some partnership announcements and rising interest from inflation struck countries like Venezuela. Apart from the very interesting developments it also makes for an interesting case to use Dash as a means of payment and transactions in the future. In our weekly highlight from 2 weeks ago we explained about the upcoming Dash Evolution upgrade which will enable further development of the Dash ecosystem. Anyone using Kripto mobile, one of the largest phone providers in the continent, now also have the option to buy a phone pre-loaded with a Dash wallet.

The crypto market continues to see new development as Dash experiences a significant price surge after announcing a partnership with Kripto Mobile. Additionally, the 20% price surge might have also been influenced by news of adoption push in Venezuela.

Click to read the full article.


Weekend Read — The State Of Ethereum

Ben Edgington from ConsenSys wrote a very informative article on the state of Ethereum. It gives a good insight in the current state of development on the technical side and the road to Ethereum 2.0. Technical, yet readable. It describes 2018 as the year of scalibility and it will get you up to speed with the current plans and future upgrades.

Click to read the full article


Getting started!
So you found our update, but you’re still standing on the side? We invite you to join our vision for a better world through blockchain and decentralization. Visit our website, join the Phoenix Paradigm Indicator DAA or reach out if you have any question or remark. We are here to help and make it easy for you.

We hope to have informed you to your satisfaction. If there remain any questions, feel free to contact us.

Best regards and happy paradigm shifting,

Phoenix Decentralized Solutions

Twitter: http://bit.ly/PhoenixDSTwitter
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LinkedIn: http://bit.ly/PhoenixDSLinkedIn

Disclaimer: The content and information published in this update do not constitute a financial, investment, tax, legal or any other professional advice, nor shall they be deemed as a recommendation to buy or to trade with any or all of the aforementioned product units or other services. The information published in this update shall not be interpreted as an offer to issue or sell, or any invitation to an offer to buy or to trade with any financial instruments, but is intended solely to provide investors with information. Retail clients should seek assistance of an independent financial or tax advisor prior to making any investment decision.

Is the PPI a product of Phoenix Decentralized Solutions?
No, the Phoenix Paradigm Indicator is a product on the ICONOMI.net platform. If you decide you want to join the PPI, you sign-up with ICONOMI and agree to the terms&conditions of ICONOMI. We do not have any access to your personal details. Our role is to explain what the PPI is and we can help you set up your ICONOMI account by providing tutorials, personal support and guidance. If you have any questions about your participation, please contact ICONOMI.

Phoenix Decentralized Solutions

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