Author: Ammar Mukhtar

The true colors of a man reveal themselves in times of controversy. Moreover, controversies are what make us, and controversies are what break us. But can the same be said about a cryptocurrency? Swipe’s coin SXP is ranked at 126 on the CoinMarketCap database. The current value of SXP, at the time when this article is being written, is valued at $2.84, fluctuating between $2.72 and $2.94. But it has seen better and worse days. In the past year, the lowest it has been valued was at $0.577 and the highest was at $5.86, implying that it has been quite a market venture for this cryptocurrency.

Swipe may have its coin but its main objective is to provide a platform for the exchange of cryptocurrencies exchanges with a robust API. Couple this with the fact that Binance bought this company back in July 2020 and added it for open trading gives it quite the impression and grounded potential for positive speculation.

How Swipe Works?

To be a little more specific, Swipe is a crypto-fiat gateway that enables cryptocurrencies to be spent as fiat currencies in real-time. Its mission is to “make crypto finance mainstream by connecting existing payment networks to cryptocurrencies”. Swipe features a wallet for users to deposit, store, and withdraw their cryptocurrencies. Users can spend these cryptos with the Swipe Visa debit card at any place that supports Visa payments. Sounds goods but why has there been so much fluctuation to this in the market and why is it flowing under the radar?

Both can be answered in two ways, the first can be the generic answer that due to the instability of Bitcoin and the negative news surrounding cryptocurrencies in general, the SXT coin hasn’t been able to take off and become a staple in the field. The second more general answer would be the functionality of the app itself. One Reddit user has called the app “buggy, with no customer service, issues with cashback and in some cases frozen accounts, with months of no real improvement to the app”. This sentiment has been shared by many others well. Another Reddit user that has voiced similar concerns was kicked out of their telegram group.

But even though still this, it seems to be holding its ground. With a trading volume of $265,059,483 in the last 24 hours, it seems to be sustaining itself. In the last week itself, it has been a bumpy ride but it has been able to sustain itself which suggests that the bulls are holding it up until the trend traders feel comfortable enough. Regardless, the functionality of the Swipe app has to be improved if it has ambitions to become something or just become a part of forgotten history.

It will not be a stretch to say (not to the hundreds of thousands of crypto traders at least) that the future of the financial market rests upon the shoulders of how the plethora of cryptocurrencies prove themselves with their ingenuity and their capability to be accepted by the common man. Succinctly put, it is a race and to the victor goes the spoils of war. And one of the racers that are betting on itself is the MTV coin by MultiVAC.

Introduction to MultiVac

What is MultiVAC, you may ask? It is a next-generation high-performance public blockchain for industrial-scale decentralized applications. The way it distinguishes itself is by employing its very own sharding technology. MTV claims that it is sharing techniques are secure and it is hinging its bets on its ability to prove this assertion.  The way that its sharding technology works is by using a model based on Verifiable Random Functions (VRF)and applies the model to transactions, computation, and storage. This achieves two objectives that MutliVAC claims the industrial market should keep an eye out for; the first is that high levels of security for transactions and computations is ensured by MTV coin and secondly, the processing requirements are not quite heavy as only a small number of nodes are to be computed, meaning efficiency and speed.

Is the Project Promising?

To be candid, MTV is promising a lot and that is why it is being looked upon by traders with an eye of suspicion. But that is not to say that it hasn’t been gaining momentum. What would be more dangerous if it suddenly boomed and then when the time for correction comes, it falls face-first into the ground.

Current Tokenomics

Currently, at the time when this article is being written, the value of the MTV coin is $0.0197 with the highest value being in the last 24 hours $0.02035 and the lowest being $0.01864 while being ranked at 477 at CoinMarketCap.It may not seem much to the kings of the crypto market but it has gained a lot of momentum in just the last year alone. The lowest it had been was at $0.0002395. From then on, it has seen an increase, although, in the last week, its performance in the market has been anything but spectacular there is a consistency in this coin which it should be applauded for.

As far as the information regarding this currency for the miners is concerned, MultiVAC claims on its website that the threshold for mining is really low for MTV. An ordinary PC with a dual-core and 2 GB of RAM can easily participate in the mining operation.

It is also growing its ecosystems with its planned NFTs within the next few weeks. At that time, they will be releasing the commemorative MultiVAC Spaceship NFT Collection. They claim that what motivated them to do this is the invasion of NFTs in the crypto market space which suggests that they have an eye on what’s happening and are willing to make necessary improvements, a quality that can be lauded by any reasonable person.

Every crypto exchanger, holder, or trader having any sort of bias on any coin, really should be up to date regarding the behaviour and price action on Bitcoin. As the dominance of BTC over the market is so much that almost every other altcoin moves similar to it specially in case of huge crashes or rallies. Understanding the behaviour of BTC can definitely give you an edge over the crypto market i.e. whatever coin you are dealing with. So its ideally essentially to keep up with the price of BTC from time to time.

BTC has followed our price prediction to retrace from the level

Recently after the half of July, the price was just moving bullish without any sort of proper correction. That move has induced way much early buyers, which might have benefitted to quite an extent if they understand when not to be greedy and get out.

Over this course, the price moved from $29395 to almost $52916 which is really a great percentage.

The recent sudden drop

On 7^th September price did what was not expected by the huge amount of retailers. But as mentioned in our previous articles, much pressure was on a correction which will liquidate buyers who were jumping along with the flow.

Within 1 hour the price crashed from $53152.85 to $42870.02. with this fall of currencies, $2.65 billion of traders’ equity was liquidity.

This is the reason to avoid when the price is high and is taught to purchase at low. Price hadn’t been doing any sort of correction which to some extent happened during that move and many traders jumped in lower which pushed the price back from $42870 to $46888.60 within the hour of the crash.

Now talking about the recent price action and behaviour of price in recent days,

The price can be considered in a Wyckoff distribution schematic and is creating engineered support and resistance within this consolidation inducing both buyers and sellers. That 7 September candle can be considered as liquidity grabbing candle taking out both buyers and sellers to some extent but the price didn’t unfolded in any direction so still its in the consolidation phase.

The direction of the price is really not clear to much extent, but a minor support and supply zone is resting to the downside and upside respectively. Both zones can be considered as the recent range from where a possible direction can be obtained. If the supply zone doesn’t hold and the price doesn’t show structural shifts, the price is likely to tap around all time high and will see how price delivers within that for further direction. Talking about this minor support, in case if this doesn’t hold, and the price doesn’t shows structural shifts, the price is very likely to tap in below hidden gaps aka imbalance, and fill those to continue. Now the short scenario will actually be healthy for the market as the correction wave will be completed giving fuel to the market to pump up more, but lets just stay with what the market shows.

As cryptocurrency keeps on growing with time, a problem is presented to the blockchain technology. This is the problem of scalability. Innovative methods are being employed by a number of new players in the market to safeguard itself from this problem that will surely result in less popularity of the major and relatively cryptocurrencies. One of the technologies that is trying to break out of this mold set by Bitcoin and Ethereum is Elrond with its utility coin EGLD.

How it is doing that? We will answer that shortly. But the first thing that needs to be cleared up is the problem of scalability. Scalability has been defined as the property of a system to handle a growing amount of work by adding resources to the system. For our purpose, we will constrict it to only the problem faced by Bitcoin which is the limited capability of the Bitcoin network to handle large amounts of transaction data on its platform in a short span of time. Bitcoin’s blocks contain the transactions on the bitcoin network. The on-chain transaction processing capacity of the bitcoin network is limited by the average block creation time of 10 minutes and the original block size limit of 1 megabyte. These jointly constrain the network’s throughput. This entails that a limited number of transactions are possible at a particular duration.

How Elrond Works?

Now to what Elrond is trying to do. It is quite simple really. The technique used by Elrond, and many others, is sharding. As the name suggests, sharding is the splitting of the blockchain’s network into smaller partitions, known as “shards”. These shards are completely distinct from one another, giving each an independent identity. This system can be used to reduce the scalability issue presented by bitcoin but there are concerns for security as the shard created does not have the same security of block node.

Current Tokenomics

But this part of the EGLD is being overlooked. Most importantly, it has functionality that is dearly missing from the crypto giants (although Ethereum is planning an upgrade to its system to resolve this issue). As far as the value of EGLD is concerned, it has had a 10.29% decrease today with the highest value at $300.89 and currently at $266.67. But in the last week, the coin has had a good outing with a constant increase from $153.59 at 09/08/21. It has been predicted to explode in the near foreseeable future with Digital Coin Price estimating a value of $531.26 USD in 2023 with a generally increasing trend. Wallet Investor, on the other hand, expects an increase in the price but takes a conservative view of things with a value of $415.418 USD in 2022 and an expected whooping value with a trend of a general increase of $1009.470 USD by 2026. A currency certainly to rival the giants!

There is a growing unquestionable belief in the cryptocurrency market that all transactions made through the blockchain method are secure and they ensure that the privacy of any sort of transaction is protected. But this is a fallacious way of thinking by the majority of the users or traders in the market. A comparison can be drawn to the data sent to advertising companies and the like, for deeper analysis through sophisticated methods to predict user behavior and even more sinisterly, their identities. The point that is being made here is that blockchain requires a greater proportion of security than what is assumed to be needed.  As a result, proper and appropriate tools and methods are to be used to ensure the full privacy of the user.

Intro to Trias

One such tool that has been developed is Trias (Trustworthy and Reliable Intelligent Autonomous Systems). What it does is employ a set of common privacy protection protocols based on its own innovative Trusted Execution Environment (TEE) and Zero-Knowledge proof scheme. Although it may seem like a separate privacy token, in actuality, it is an underlying infrastructure that can be combined with other public chains and protocols to provide privacy functions for existing assets of different chains such as BTC ETH Polka and protect the privacy of multiple users on multiple chains.

Tokenomics

And this is precisely the reason why TRIAS can also be seen with great potential by a plethora of investors. Currently, the value of the TRIAS token has seen a 10.13% increase in the week when its current value rests at $7.88 when at the start of the day, it was at $7.1734 and with the lowest at $7.07.  This may seem like a good position but it has dropped from $10.02 on 09/06/21. The fall had been constant till 09/08/21 at $6.9562 with the lowest it hitting at $6.5336 on 09/13/21. There are about 1,600,000 TRIAS coins in circulation at the moment with no cap on their production.

This means there is a belief in the technology being employed by TRIAS for protection where the TEE and the Zero-knowledge Proof being the main innovative components. Through the TEE, the whole network of the TRIAS coin is built to support end-to-end privacy and data ownership such as the Intel SGX which makes it capable to support new, decentralized applications and services that protect privacy. This puts the TEE as a secure location within the CPU (as that in Intel’s SGX). A comparable example would be that of a black box. As far as the Zero-proof knowledge concept is concerned, it constructs a single proof of multiple transactions that are then sent to the chain for quick verification. This can significantly improve the transaction and efficiency and the upper-level application efficiency. This is mainly due to the verification chain being a small constructed proof attached to the chain that does not require a tremendous amount to be verified.

In conclusion, the TRIAS token is not only a token but an infrastructure to ensure the privacy of cryptocurrency owners. It is an innovation to not allow cryptocurrency to fall into the same convoluted quagmire that centralized banking has fallen to.

In a competitive market, such as that of cryptocurrency, you have to do something extraordinary, something that is in front of everyone but nobody can see it. You have to seize the opportunity and become the pioneer lest someone else plucks away your shot. This is especially true in the crypto market where one innovation after another is being presented in the digital currency landscape. And one coin that has succeeded in achieving being a pioneer is Telcoin (“TEL” is the utility token of Telcoin).

The main innovation of Telcoin is that it employs Ethereum blockchain technology to facilitate high-speed, low-cost international remittances.  It has achieved this by partnering with telecoms and mobile money platforms around the world. If I were to simplify what they have been able to achieve in a sentence, I would say that sending money through TEL has become as easy as sending a text message. The token itself is traded across a range of centralized and decentralized exchanges.

With the headquarter stationed in Shibuya, Tokyo, Telcoin started its venture in 2017, intending to increase financial inclusion worldwide through convenient and affordable digital money transfers on any mobile device. In other words, the main focus of the TEL coin is to facilitate trans-border transactions. The sending of remittances, which has been termed as the Telcoin Remittances, can be executed through the Telcoin Application.

If the technical aspect of the coin is explored a little, although it is based on Ethereum, it uses its proof-of-concept consensus. The PoC consensus mechanism allows the verification of the real-world feasibility before validating any transaction.

Telcoin Stats

Currently, the TEL coin has a value of $0.01964. There has been a gradual increase in its value over time. On 9/14/21, it peaked at $0.0198. It has been fluctuating quite a bit with the highest it reaching at $0.02984 and the lowest at $0.01562 in the last month. In the last week, however, the TEL coin has shown a great deal of resistance as it recovered its position when it dropped on 9/10/21, with the weekly low at $0.01579.

The market cap of this currency has been fluctuating around $900 million and $1.2 billion. The resurgence of Bitcoin last week has played a great role in the stability of the coin.  But TEL showed a recovery unlike any of its peers and kept growing with an 82% gain against the dollar and a 43% gain against Bitcoin (BTC) over seven days.

Factors that may have contributed to this upshot trajectory, although still less than its all-time high value of $0.022 it achieved back in May, maybe its $10-million fundraising round and concurrently, introduced a new Telcoin platform stack and two new user-owned decentralized finance (DeFi) Products.

In conclusion, it is pertinent to say that the TEL utility coin has a great deal of potential. For the unbanked masses, it would certainly be a great opportunity. The centralized banks are also in great danger due to the potential of the ease of doing business of the TEL coin. Truly an innovation that was in front of everyone.

1inch was founded in 2019 by Sergej Kunz and Anton Bukov. The aim of this is to have a decentralized exchange which combines different others exchanges making it easier for the users to swap across platforms. This helps the users to get better swap rates than they could find one by one on other exchanges.

The major companies that have funded the project are Binance Labs, Galaxy Digital, Libertus capital, and more. As it provides instant helps to its user, this makes it far more unique than other exchange platform. Moreover, users can also benefit from providing tokens as liquidity on the platform. Traders can also lock in Ethereum in the liquidity pool to earn 1inch as well.

1inch works on Ethereum smart chain. Being at #121 makes it a part of one of the biggest crypto projects.

Current Coin Statistics:

According to coinmarketcap the coin currently is being traded at the rate of $3.36. in the last 24hours, this is a  raise of a total of 5.26% which is good. Talking about the market cap, it is currently at $605,888,022 and a fully diluted market cap is $5,041,244,427. The current volume being traded is almost $417,222,210 with an increase of 18.82% in the past 24 hours.

Technical Analysis:

Just like every other coin, 1inch had been bearish till July because of BTC influence. Last month i.e. August, the price gained momentum and pushed to the upside-breaking structure on 13 August 2021. This move shifted the trend from bearish to bullish.

Now there was a confluence of a trendline from which price reacted on 6 June, 16 June, and from 11 August to 16 August. This trendline was inducing sellers strongly in the market in previous months, but on 16 august even after rejections, the price market didn’t induced sellers in the market, giving a probability that sellers are no longer interested, which was the case. The price broke out and started to do the correction. Now the same scenario is being repeated but within the correction. Price already is in an uptrend, price broke major trendline, and now repeating and to be precise broke the correction trendline, giving a hint that price may get bullish in coming days.

Moreover, the double bottom which formed can’t be ignored and acts as an additional confluence for an up move. Now as it is all about probabilities and reacting to price action, The possibility is that sellers are introduced into the market from $3.338 taking out early buyers. So it all depends on how the price delivers within that range. Possible targets for upside are $3.3958 and $ 4.659 as we may see some sort of reaction from these levels, and if the level of  $3.338 doesn’t hold, a reversal can occur which can eventually last till $2.419.

Every now and then developers release new projects and launch new tokens or coins associated with that project. Those projects get attention from the people and slowly the wallets increase in number. But a coin is much more than that. There is a whole team working behind the curtains making sure that their project becomes successful and they achieve their goal. They work hard to keep the ecosystem stable. But of course, human errors exist and some aspects may be overlooked by the company. As result customer reviews are taken into account. Feedback from the users helps the developers to solve major problems in the system while also boosting their confidence when they are applauded for their work.

About Revain

This is where Revain comes into play. Revain was founded back in 2018 by Rinat Arslanov who is also the current CEO.

Revain is an ERC-based blockchain review system that helps connecting the developers with the users of the particular blockchain users. Revain takes pride to be the first platform to bring the review system to the blockchain network. Ultimately the project aims to fully change the review system for all the global products and projects and use blockchain for this purpose. The platform uses an AI system as well as a manual review system to make sure that only high-quality reviews are passed to the developers.

The platform provides reviews to crypto projects, banks, financial media, payment systems, and Investors as well.

Reavin’s Tokens

The platform uses two tokens REV and RVN. RVN is a stablecoin that is exclusive to the blockchain and hence it is not tradable while the former is a fully tradable token that can be exchanged on some of the most famous CEX platforms.

REV Metrics and Statistics

According to coinmarketcap, the tokens in circulation are around 85B REV. REV is ranked 64 on the website. It has a market dominance of 0.09% and a market cap of about $2.2B.

The coin is currently being traded at a price of $0.02$. It has had an increase of about 19.75% in the last 24 hours and a massive increase of 107.38% in the last 7 days which shows that the coin is on the right track and is bullish. As the project becomes bigger and bigger and new fields are targeted, it can be expected that REV would grow as well.

Market is currently in a perilous situation, no one is certain about the direction where it is headed. As such many people have lost a lot in the crypto market during the past few weeks. BTC struggling to break $50k and is currently being highly volatile at the moment. But some of these projects have de coupled with the general conditions of the market and went on to create new highs. Following are some of the coins that have went into price discovery

Solana: The beast that rallied in such a way as it looked like there was no stopping it is Solana (SOL). The coin had already had a lot of increase in its price and had established new All-Time Highs but after Sol released a teaser video of ignition on Twitter, speculations started arising in the community and the coin rallied and crossed the $100 barrier. But it had a leg up without a care in the world and went on to touch $130. At the time of writing it is being traded at a price of almost $116.

FTT: The native token of the platform FTX (FTT) has made a lot of people happy. Being one of the popular exchanges in the community, FTX offers high-grade solutions to its users to the problems that the traders face. After the announcement that FTX US has acquired LedgerX ( crypto futures and options trading platform that is being regulated by commodity futures trading commission) the price soared high in the sky. After the news was released the price had momentous jump. The coin established its new All Time High after it touched the price of $70. Currently, FTT is being traded at a price of almost $66.

Luna: At the start of the year Luna was being traded at a price of less than $0.5. Fast forward today Luna has achieved a value of $32. Luna had established its previous ATH in March when it had a price of almost $21 before falling down to a price of around $4. Luna showed reversal from there and went on to create a new ATH and achieved a price of $36.89.

ADA: The project that has a lot of followers. When the whole market was bleeding ADA was one of the few coins that created its ATH during those times. ADA has a change of 24% in the last 24 hours and established its new ATH at the price of $3.101. Currently, it is being traded at a price of $3.042

Polkadot (DOT) coin was founded in 2016 by Gavin Wood, Robert Habermeier, and Peter Czaban

Gavin wood being as the president of web3 foundation and hence dot was also founded by them.

Polkadot is an open-source sharding multichain protocol, that aims to transfer any sort of data. the aim of this token is to provide network governance & parallel chain. This has simplified the making of new applications and services by establishing a decentralized and private web.

The development has been kept simple making it flexible for future changes making Polkadot easy to adapt to any sort of changes and enhance its performance as new technologies come out.

Polkadot has 4 main components:

• Relaychains
• Parachains
• Parathread
• Bridges

DOT Coin Statistics

Polkadot is currently being traded at the rate of $30.15. in the last 24 hours, the price has increased just by 1.10% the market cap has reached an amount of $29,789,367,162, and currently, the volume is being traded at $4,596,568,371 with an increase of $26.34% in the last 24hours.

The coin has emerged as one of the major ones, and getting attention as the system and community behind this is incredible and hence boosts strong fundamentals. It is listed as #9 among the top coins. It works on Binance smart chain. Its sale /purchase in available almost on every big exchange i.e Binance, OKEx, etc

Now talking about how the price has been in the past and what to expect from it in the future?

Polkadot Technical Analysis

The price has been bearish since 18 May and all the way till 1 August it was still in a bearish trend as it never broke any structure to the upside. now after that, a shift in market structure has been observed, shifting the market from a bearish to a bullish trend. the market has been bullish but correctively. any sort of momentous wave has not been observed till now.

Now recently on Sep 1, a candle formed which engulfed the previous structure, giving a HINT for buyers to be in control. currently, it is been retracing to fill the imbalance between buyers and sellers.

Now seeing the price action, the current price may retrace at least 50% of the engulfing candle, and afterwards it might shoot up unless the Btc shoots down as it has a confluence over alts. Other than that, the price really doesn’t has any reason to go down. Levels are shown in the chart and we can expect a similar movement.