Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, November 29 2021 - 09:00
AsiaNet
Kalkine Pty Limited to Launch its 'Cryptocurrency Research'
SYDNEY, Nov. 29, 2021 /PRNewswire-AsiaNet/ --

    Kalkine Pty Limited is pleased to announce the launch of its 
'Cryptocurrency Research' to provide insights in the blockchain technology 
space. The abatement of bond yields across the globe and proliferation of 
blockchain technology in varied industries ushered market players to seek this 
highly risky and high-rewarding asset class. 

    Cryptocurrencies use blockchain technology to record every transaction and 
are termed as digital currencies. There are 9,000+ crypto coins available in 
the market. Bitcoin is considered as the gateway asset into crypto that boasts 
the largest market capitalization reaching ~USD 1.09 trillion (Source: Trading 
View as on 25 November 2021), the highest among all the cryptocurrencies, 
followed by Ethereum, Tether, Binance Coin, and Cardano.

    Blockchain technology assumed greater significance for tracking and tracing 
products, payments, and remittances, identity management, benefiting a spectrum 
of industries from healthcare, government, and public services to manufacturing 
etc. 

    Kalkine's 'Cryptocurrency Research' provides new technical analysis-driven 
research on select cryptocurrencies traded on global exchanges while also 
highlighting the key risks associated.  

    Crypto Investments peaked when the Central Bank across the globe pursued an 
accommodative policy stance to drive away from the pandemic; that had kept 
yields on the lower edge. With the growing acceptance of blockchain technology 
and regulatory supervision, the S&P Crypto Currency Broad Market Index 
delivered gains of 20.5% since mid-September (till November 18, 2021) as 
compared to S&P 500 Index returns of 5.3% (Source: REFINITIV). 

    Despite immense growth opportunities offered by Cryptocurrencies, the risks 
associated with this asset class are also significant. For instance, high price 
volatility, new and unregulated spot markets, market adoption in the retail or 
commercial marketplace, unclear government regulation, and irrevocable digital 
asset transactions. 

    Given this backdrop, Kalkine's Cryptocurrency Research Offers Extensive 
Technical Research using technical parameters such as price action, trends, 
support, resistance, candlestick patterns, volumes, etc. Opportunities are 
assessed in the light of pre-defined risk-reward scenarios as well pros and 
cons of investing in a particular crypto asset. 

    Note: Trading decisions require a thorough analysis by investors. Technical 
research in general charts out metrics that may be assessed by investors before 
any Cryptocurrency evaluation. 

    Media Contact: 
    Honey Bhargava 
    honey.bhargava@kalkine.com.au 

    Logo: https://mma.prnewswire.com/media/1341740/Kalkine_Logo.jpg 

    Source: Kalkine Media