Daily market commentary from 12.11.2020

By Patrick Heusser on 12. November 2020 Updated 13. November 2020 Market Review

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary.

Market commentary

Good Morning!

Here is a very good research report from Delphi Digital about Polkadot summarized in a Twitter thread.

0/ For the last month, we've been looking into the emerging @Polkadot ecosystem to find out if it has substance or if it's just another “Ethereum Killer”
Today, we released a report outlining the basics of Polkadot and highlighting a few standout projectshttps://t.co/5vrSbIV5ec
— Ashwath (@ashwathbk) November 9, 2020

To me, this goes to show that projects like these ensure the existence of a solid basis and continuous development, which will serve to drive the DeFi sector forward. I believe the DeFi sector is here to stay.

A short overview of the project by Ingo Rübe, founder and CEO of BOTLabs:

Polkadot: Generation change in blockchains

About the author

Patrick Heusser

Patrick Heusser is Head of Trading at Crypto Broker AG. Prior to joining the company, Patrick worked as an Interest Rate Trader at UBS and held various positions in the IRCC (interest rate, commodity and foreign exchange trading) in London, New York, Singapore and Zurich. Patrick is an expert in trading and risk management. He also gained experience in other areas, such as building start-up companies. Patrick has a degree in banking from a business school. He has also taken various courses in technical chart analysis.