Author: Ammar Mukhtar

Cryptocurrency has taken the world by storm but due to non-regulation, or inability to regulate the market. A large number of companies have detached themselves. They have launched their own exchanges or liquidity venues that have resulted in a highly fragmented and befuddled market. In order to exchange their currencies, many users and customers have to open their accounts in many exchanges. This has led to frauds or their security is susceptible. The different price fees for using these exchanges might also prove to be a burden. Voyager (VGX) solves many problems in the market.

Voyager (VGX) plans to resolve these issues. It is an online brokerage devised for the protection and regulation of crypto and digital assets. VGX is a regulated crypto broker that gives investors the same easy, safe and convenient experience that made online equities trading the force it is today. It executes orders across multiple exchanges. VGX offers the best available execution and the customers have an access to an extremely liquid market. They are doing this in order to “level the playing field”. So to speak and create a democratic environment for the exchanging of cryptocurrency.

For the problem of lack of liquidity Voyager (VGX) uses a Dynamic Smart Order Router and a Custody solution to tackle the liquidity issues. The platform of Voyager lets you custody your way with funds that are always secure and liquid ensuring that your funds are safe and available when you need them. As far as the high fees problem is concerned, Voyager promises (without a setup of why it does) that its customers shall have the best possible execution without the extraneous fees. Finally, for the concern of security, Voyager (VGX) works with Ledger Vault to give a highly secure system that is safest for everyone to use.

Price Movement – Voyager (VGX)

At the time when this article is being written, the value of VGX, the utility token of Voyager and built on the Ethereum blockchain, has a value of $3.65, a 22.12% increase over the past twenty-four hours, with a trading volume of $74,309,524 (an 800% increase over the past twenty-four hours). There are currently 278,482,214.19 VGX in supply which is out of the maximum supply of 279,387,971. Considering the whole trajectory of the market, the monthly performance of the coin has been good. It had a monthly low of $2.31 and a monthly high of $3.98 just a few days ago.  It has also been verified as secured by Quantstamp.

Nano being ranked #112 is currently being traded at the rate of $4.68 with quite a huge fall in 24h which is around 16.34%. The fall came after the Btc dropped hard within the last few days and showed weakness to break the resistance of $47k and now has retraced back to $43k.

Market has been in a weekly and daily bearish correction currently. The price was making higher highs and higher lows completing 1 to 2 Elliot wave. a possible complex pullback was expecting which is currently being unfolded.

As shown in the last article on Nano’s movement on StocksTelegraph (which you can find here). The price has moved according to the prediction to reach the zones of $5.518 and $$4.5361.

Key S and R

Talking about the key Supports and resistances. the levels of $3.035 and $0.980 are worth noticing for supports. These level will very likely to act as a barrier for the price to break.

Levels to watch

Now the areas of $9.477 to $8.919 and $12.572 to $12.191 are very special areas of resistance which can stop price to rally up.

The trendline which was being respected by the price from 21 July to 6 September but recently price didn’t held it and broke to the downside. After this the price went into consolidation zone which was eventually broken to the down side after the drop in Bitcoin. The price showed a break of structure (as shown in the chart) which was a confluence that market can drop again from that range and it happened. A daily candle close can give us more insight how the price may unfold in the future. Moreover, the Wyckoff distribution seems to have been completed.

Now before the consolidation, a very impulsive institutional candle formed making this pattern a drop base drop i.e a pattern of supply and demand.

It is very likely for price to push down taking out trendline liquidity which kept forming along with the impulsive move to the upside.

Long Run

In the long run, Nano holds a very promising future. Traders are expecting the price to recover when the market gets out of bearish movements and expect it to break its All Time High. According to Wallet Investor the price can reach around $26 around 2026 but most traders think that it can a value of much more.

Sometimes things that look like a rabbit seem to go at the pace of a snail and you are there sitting and wondering the about the paradoxical situation that is unfolding before your eyes. It would be sheer amazement. You might be wondering what I am alluding to and to what purpose is such cryptic language being employed. Well, to that my friends, I say that the matter of discussion is of such a nature that cryptic language is warranted (pun not intended).

How BitTorrent works

The topic of our discussion is BitTorrent and its coin BTT. For those unfamiliar with BitTorrent, it is a kind of a communication network for peer-to-peer file sharing  (P2P), which enables its users to distribute data and electronic files over the Internet in a decentralized manner. To send or receive files, a person uses a BitTorrent client on their Internet-connected computer. A BitTorrent client is a computer program that implements the BitTorrent protocol. It has been estimated that the BitTorrent client has been responsible for 2.46% of the total downstream internet traffic in the world and 27.58% of upstream traffic. That is a lot! (Although it goes without saying that most of the files being transferred through this method are pirated content but that is a discussion for another time)

This may seem like a good setup but the collaboration between parties cannot be for a much longer period of time which gives it’s the sharing network certain limitations. To make their communication better, BitTorrentInc is trying to equip blockchain technology to allow collaborations between untrusted parties for a longer duration. Furthermore, it has an advantage over other crypto-networks by already having established the necessary ecosystem to integrate blockchain technology into the BitTorrent protocol.  This going to achieve two things for the file sharing protocol; the first has been already mentioned that longer period of collaboration would be there and the second would be to open up a new borderless economy in exchanging value for computing resources on a global scale.

Tokenomics

Now for hyping it up so much, most people would be surprised if I say that it only has a current value of $0.03934, as at the time of writing this article. But as stated at the beginning, we can see the snail still moving forward. The BTT coin has huge trading volume of $342,334,539 with the live market cap of $2,590,736,121. That’s a lot. It may have not shown spectacular performance in the previous week with currently having a downward trajectory but this coin has shown quite a bit of resilience in the market, with the lowest value of $0.0038 and the highest being $0.0043. It is being quite overlooked even though it is ranked at 56 on the CoinMarketCap database. People may be hesitant about this, but it does seem like an inevitable increase shall slowly come from the endeavors of the dark rabbit, BitTorrent Inc.

The important thing in any sort of market is to attract the attention of the consumer. One way is to make a fool-proof business plan that is going to puts both the buyer and the seller in a beneficial position. The other way is the superficial means of attracting the attention of the masses through a cool logo and a name. And what could be cooler than the many-headed serpent that fought against the mighty Hercules, the Hydra; although portrayed as a mindless monster that thinks of nothing but hunting man.

Introduction to HYDRA

Not delving too far away from our discussion, the HYDRA is a cryptocurrency that has been developed by the company Locktrip. It had a different name at first but later changed it to HYDRA. It is pertinent to mention that since hydra is quite the eye-catching name, some other coins have branded themselves as Hydra as well, such as the defunct cryptocurrency sharing the same and developed by the Internet of People (IOP). There is also the HydraLedger, HydraDX (with the coin referred to as ‘XHDX’), and the Hydra Network on Cardano, completely distinct.

The Hydra coin that is going to be our focus is actually an open-source Proof-of-Stake blockchain. Locktrip, the developer of this app, is a hotel and a private property booking site. Their job is to save the booking fees of the users or get them at a cheaper price. Since the pandemic came, their project met with a serious obstacle and so they decided to pivot towards the Hydra blockchain project that was designed for bookings. This may seem innovative as the current setup of hotels works on an archaic system and the security and functionality offered by the blockchain technology may prove to be a game-changer. At least that’s what the developers are pushing.

Coin Tokenomics

Currently, it has a value of $21.85 with the highest it being at $52.18 at CoinMarketCap. Sounds good but the problem is the trading volume. It currently has a trading volume of $1,168,106 which is quite less than other cryptocurrencies valued around the same mark. This is mainly due to the control of its value through a combination of inflationary as well as deflationary mechanics as part of its networks that work in parallel and let the real adoption define its total supply. If this system isn’t properly adopted, it won’t have any value. In a market of scams and empty promises, the opportunity provided by HYDRA does certainly not give whiffs of a scam.