According to the research conducted by The Block, since 2013, 129 mergers and acquisitions have been conducted in the blockchain industry. The total value of these deals was $2.9 billion.
The report, presented by analyst John Dantoni, notes that cryptocurrency exchanges are the most active buyers of other companies. Thus, since 2013, Coinbase has completed 16 deals on acquisitions, Binance, and Kraken – 10 deals each.
At the same time, 9 out of 12 blockchain companies made two deals. Startup Consensys bought only four companies for this period, Ripple made three acquisitions.
Acquisition transactions were most often carried out by exchanges and companies working in the field of trading. Companies working in the field of bank payments and analytics were also popular.
Technical analysis of Bitcoin (BTC):
Over the past weekend, the price of bitcoin dropped to the support level of $8,800. Then it rose in price to the resistance level of $9,200. Now, the price of bitcoin is $9,150. In the future, we predict an increase. The nearest resistance levels are $9,200, $9,300, $9,400, $9,500, $9,600, $9,850, $10,000, $10,250, $10,500, $11,000, $12,230. The nearest support levels are $9,000, $8,600, $8,150, $7,900, $7,600, $7,500.
Technical analysis of Ethereum (ETH):
Over the past weekend, the price of ethereum fell to the support level of $215. Then it rose in price to the resistance level of $230. Now the price of ethereum is $227. In the future, we predict an increase. The nearest resistance levels are $229, $235, $238, $240, $250, $257, $260, $270. The nearest support levels are $225, $220, $218, $216, $212.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple fell to the support level of $0.17. Then it rose in price to the resistance level of $0.18. Now, the price of ripple is $0.1760. In the future, we predict an increase. The nearest resistance levels are $0.1820, $0.19, $0.1950, $0.2, $0.2020, $0.2060, $0.21, $0.2150, $0.22, $0.23, $0.2350. The nearest support levels are $0.18, $0.1750, $0.17.
