As the US comes within a week of its election with no new stimulus bill agreed on by Congress, the U.S. markets continue to fall under pressure as much remains uncertain.
Despite this and other major developments around the world, Bitcoin and other major cryptocurrencies continue to hold strong with Bitcoin above the $13,000 level. With big named players and large institutional players beginning to publically buy millions of dollars worth of BTC, it's likely we have only begun to see how the coming inflow of money will lift the cryptocurrency market.
Coinbase recently released a new blog detailing the tokens that are currently under consideration for being supported by Coinbase Custody. Of note, several Tron based projects were included in the mix and with a cluster of linked projects being announced all at once, to me that is a signal that there is a good chance they will be supported. Some of those include Tron (TRX), Just (JST), BitTorrent Token (BTT), and Wink (WIN). Some other top contenders that are favorites of mine include REN, Reserve Rights (RSR), and AAVE.
I briefly discuss a newer project that I have my eye on, NEAR, which recently got a show of validation after Balancer Labs announced that it would be bringing its DeFi Protocol to the Near blockchain.
Polkadot and Kusama are also having an above-average day when compared to the rest of the market as Gavin Woods has been helping bring attention to the fact that the ecosystem continues to grow and attract new developers and community members.
Finally, I look at the Bakkt rewards program which is getting ready to launch for early registers. It is possible that this platform could be a major source of adoption from the mainstream public as it will allow them to track and utilize their various rewards programs and gift card in one place. From the app, they will also have the option to convert points or funds directly into cryptocurrency and be utilized on its adjacent Bakkt Markets.