Two cryptocurrencies are currently defying the general dip in the markets at the moment of writing this. They are Ardor (ARDR) and WaykiChain (WICC). The rest of the market is in the Red. Bitcoin (BTC) is down 3.32% and currently trading at $7,313. At this rate, it will not be a surprise seeing a BTC that is below $7,000 in the coming week.
Ethereum is also down 4% and currently trading at $578 at the moment of writing this. Ripple (XRP) is also in a steady decline and down 2.68% in the last 24 hours and trading at levels of $0.60. Bitcoin Cash (BCH) has gone down to levels below $1,000 and is currently trading at $993. EOS is also down by 2.45% and currently trading at $12.42.
When we look at Ardor (ARDR), the coin is up 8.04% in 24 hours and currently trading at $0.2755 at the moment of writing this. The coin has been previously referred to as a dark horse of 2018 due to its technical capabilites. The platform offers a proof of stake algorithm rather than a proof of work.
The platform is therefore ideal for businesses that require a faster throughput as opposed to the Ethereum network. The platform has been in development for over 5 years and has proven to being stable and scalable.
Ardor also employs what is known as a parent-child chain architecture that allows for three fundamental advantages over traditional blockchains: reducing blockchain bloat, providing multiple transactional tokens, and hosting ready-to-use interconnected blockchains. There is the main Ardor blockchain, and the child chains that are distinct blockchains created for business with use-specific features and applications.
On the other hand, WaykiChain (WICC) has gone up by 2.13% in the last 24 hours and is currently trading at $1.82 at the moment of writing this. The wiki chain is based on Bitcoin and Ethereum’s third-generation blockchain3.0 system with new and powerful technology features. It aims at providing enterprise-level blockchain infrastructure and industry solutions in a bid to to build an independent and self-sufficient business ecosystem.
The wiki chain makes full use of and takes advantage of the decentralized, irrevocable, fair and equitable features and advantages of blockchain technology. The realization and development of new business models in the new era will completely subvert the existing market scale of trillions of dollars. Wiki Chain aims at changing the Traditional quiz industry, traditional asset trading platform and traditional foreign exchange market, into more acceptance and easy to use industries.
In summary, the general market feel is one of decline and might spill over to the coming days. These two coins of Ardor (ARDR) and WaykiChain (WICC) have shown some resilience as the rest of the major coins and tokens also show decline in a bearish market.