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Today’s Cryptocurrency Headline

Public chain Elrond announced the launch of Maiar Exchange, its AMM-based decentralized Exchange, and the launch of a $1.29 billion liquidity incentive plan. Elrond Network will distribute $28 million in the first month in the form of Maiar Exchange governance token MEX to users who provide EGLD, MEX and USDC liquidity on Maiar Exchange. The network plans to launch liquidity incentive programs in Uniswap, PancakeSwap and SushiSwap after the first month. Elrond is a public chain using PoS consensus mechanism and adaptive sharding technology, with a theoretical throughput of 10,000 TPS.

BingX’s Bitcoin Chart

Source: TradingView& BingX

Nayib Bukele, El Salvador’s president, has announced plans to build the world’s first ‘Bitcoin City’ to attract foreign investment. In September, El Salvador officially adopted Bitcoin as its national legal tender alongside the U.S. dollar. Bitcoin staged a correction, briefly falling below $56,000 on Nov. 19. That means Bitcoin has fallen nearly 20% from its all-time high in less than two weeks. BTC price continued to fall and the market pattern was bearful. Investors can focus on the support level at $56,000.

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