STOCKS TELEGRAPH

Tag: Crypto

  • Link (LN) – What is It?

    Link (LN) – What is It?

    LINE quickly became a global leader in the IT industry after launching its messenger in 2011. With over 185 million users, the LINE software is now one of the most popular messengers in the world. LINE has evolved into more than just a chat software, becoming a “smart portal” that provides a variety of services to its users, linking them to the information, services, and brands they need at any time and from anywhere. And LINE keeps growing, now taking its expertise as a smart portal to the realm of FinTech, releasing creative new services that could help the banking, securities, and payment/settlement sectors develop. There is where LN comes into play

    In a nutshell, Link (LN) is creating a service-oriented blockchain environment around LINK, where anyone may utilize LINE’s services in a token economy that will expand alongside our users.

    The LINE Blockchain project was created with the goal of creating a blockchain platform and token economy that ordinary people all around the world would enjoy and utilize in their daily lives. But, in order to get widespread acceptability, they had to address the three main challenges: investor-centered ecosystems, uneven token economies, and UX flaws.

    Price Movement – Link 

    At the time of writing this article, LN has a value of $181.35 (8.6% increase today) with a trading volume of $3,397,636 with an increase of about 19% over the past 24 hours. The price has shown a strong move today. LN’s highest value today is around $184.03 and the lowest value it attained is around $165.66.

    LN is listed on coinmarketcap in 215th place. It has negligible market dominance. LN had created its all-time high around the price of $326 in April 2021. It later dropped to the price of $71 in July from where it showed reversal. It has a circulating supply of about 5.9M. LN has a total supply of about 6.4M.

    Price Prediction – Link (LN)

    The coin also seems to have a good future. Walletinvestor expects a value of $299.342 by the end of the year and positive growth throughout the next five years. In 2025, it is expected to be around $817.5985. A lot of traders had been bullish regarding the price of Link. They expect that it would reach higher highs before the end of the year. They think that it would surpass the predictions soon without waiting for a five-year time.

  • COTI – What can we Expect?

    COTI – What can we Expect?

    At the time of writing, COTI is being traded at the rate of $0.3921 with an increase of almost 4% within the last 24 hours.

    The low within this tenure was around $0.3774 and the high was approximately $0.393. The coin as being in the watchlist of many traders makes it rank all the way up to number 170th according to the latest data released by coin market cap.

    COTI made its all-time high in the month of June 2019 where it reached an enormous amount of $1.13. At the moment it has a daily volume of $33,815,047 with an increase of about 18.70% within the last 24 hours. The total supply of COTI is now around 2B and the circulating supply is also 800.1M. COTI has a dominance of 0.02%.

    The top exchanges for trading it are currently Binance, Huobi Global, KuCoin.

    Technical Analysis – COTI

    COTI has one of the most beautiful charts that I have analyzed today. We can see that there are a lot of confluences that say that the price would go upwards. The first thing to notice is the daily order block that lies above the current price. This has remained unmitigated to date and can drive the price upwards to fill the gap.

    COTI -1D

    The second thing to notice on the chart is the trend line that the price of COTI had been following. The price had a rejection from this level before but ultimately the price had broken out of this trend line. After breaking out we find our third confluence which is the retest of the level. The price has retested the trend line and successfully held it. Not only that it had broken out of this range as well. All of these confluences show that the price of COTI is very bullish and we can soon expect the price to tap in the daily order block.

    Price Prediction

    COTI has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of the coin has retraced back and is around the same price it had around the month of September 2021. According to the wallet investor, COTI is a good investment. The price of the coin is to reach a value of $0.720 in a year. In five years, the price is expected to reach around $2.043.

  • Hathor (HTR) –  Onto a New High?

    Hathor (HTR) –  Onto a New High?

    At the time of writing, HTR is being traded at the price of $2.0. The price of the coin has increased by almost 11% in the past 24 hours. The maximum and minimum of the day are around $2 and $1.69. The daily trading volume has on the other hand has also increased by almost 73% in one day. HTR is listed on coinmarketcap at 243rd spot according to market capital and has negligible market dominance.

    HTR before the crash had achieved its all-time high around the price of $1.88 in May 2021. During the crash, HTR created a bottom and dropped down to $0.23 in the month of May. Just like many other coins, the coin showed reversal and it was strong enough. HTR eventually went on to create a new all-time high around the price of $2.49 during the month of November.

    HTR has a total supply of around 900M tokens and has less than half of them in the circulation i.ie around 224M. It can be traded at a lot of different exchanges such as CoinMetro, Gtae.io, KuCoin, CoinEx.

    Technical Analysis – Hathor (HTR)

    We did an analysis of HTR a few weeks ago, which you can find here. You can see that the analysis has played out beautifully. Now what to expect further?

    We can see that the price of HTR is at a very crucial part. The price of the coin has shown a reversal in the structure and is now going to tap into a very important level. This would decide if the price would move further up or not.

    HTR - 1D

    We can see that a few weeks ago, the price had done a fake-out (red part in the chart) from where it had grabbed all the liquidity. Now the price is moving to that level again. If that level holds, we can expect a higher high otherwise it would result in a drop in the price.

    Price Prediction – Hathor

    It has been one of the highly bullish coins in the market. According to wallet investor, HTR in one year is expected to reach a value of $2.745. In five years, it is expected to touch $6.580. This shows that even though HTR has a huge amount of potential in it and would give an amazing return but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $10.

  • Medibloc (MED) – Will it Reach $0.10?

    Medibloc (MED) – Will it Reach $0.10?

    The native token of Medibloc is MED. Just like many other coins MED also depends on the movement of BTC.

    At the time of writing MED is being traded at the rate of $0.05777 with an increase of almost 5.24% within the last 24 hours.

    The low within this tenure was around $0.0548 and the high was approximately $0.05924. The coin as being in the watchlist of many traders makes it rank all the way up to number 176th according to the latest data released by coin market cap. It is one of the top gainers today.

    MED during the month of July approached its new All-time High around the price of 0.0987. The trading volume today on the other hand has also increased by almost 164%.

    The top exchanges for trading MED are currently Upbit, Bittrex, Gate.io.

    Technical Analysis –  Medibloc (MED)

    On the monthly time frame, we can see that there hasn’t been any movement from the coin and the price is still in consolidation for the past few months. Moving to the lower time frame, we have seen a similar movement from the MED and the price has been ranging in two levels.

    MED - 1D

    As shown in the chart (BLUE AREA), the price is ranging between two extremes. SO we would look into this level alone to find a possible pattern. We can see that during the drop, the price of MED had created a daily order block. Moreover, we can see that there is no reason for the price to dropdown.

    We can expect the price to tap in the daily order block present above as it has remained unmitigated to date. At that point, we can expect a reaction from the price. If the price fails to hold (which is likely) we can see a drop in the price of MED.

    Price Prediction – Medibloc (MED)

    MED has been one of the fast gainers in the market. According to wallet investor, the price of MED is to reach a value of $0.117 in a year. For five year plan, wallet investors think that the price is to reach a value of $0.341. This means that MED is considered a good investment. Traders are quite bullish on the movement and think that soon it would break its old all-time high and create a new one.

  • AKASH NETWORK (AKT) – Where will it move Now?

    AKASH NETWORK (AKT) – Where will it move Now?

    According to coinmarketcap, the total supply of AKT is around 388M AKT and all of them around 29% of the AKT i.e. 113M are in circulation at the moment. It holds the 276th rank according to market cap and has a market dominance of 0.17%.

    At the time of writing AKT is being traded at the price of $2.29 with an increase of almost 8.77% in the last 24 hours. The maximum and minimum today are $2.29 and $2.09 respectively. The daily trading volume on the other hand has decreased by almost 22.68%. AKT had created its ATH in April 2021 and reached a price of almost $8.07. The price during the crash dropped down to a price of almost $2.28 in the month of July 2021. The price started to show reversal but like a lot of coins, it wasn’t strong enough. Overall the price is even lower than July 2021. In January, we saw an increase of almost 20%.

    Technical Analysis – AKASH NETWORK (AKT)

    AKT at one point was continuing the downtrend and was creating lower highs and lower lows. Soon the price started to move upwards. It wasn’t long before the price broke the structure and we were in the uptrend once again. During the drop of the price and the break of structure, AKT left an order block that got mitigated yesterday. Now the price is at a make or breakpoint.

    AKD - 1D77

    If the price stabilizes above this level, we can hope for a higher high which would take the price upwards to touch the equilibrium level. We can look for a retest to this order block and when it does we can take an entry into the market.

    If the price of AKT doesn’t stabilize itself above this point, it can cause the price to drop down further. Lower time frame confirmations should be taken into account.

    Price Prediction – AKASH NETWORK (AKT)

    AKT is a good investment and is going to provide great returns. Wallet investor considers AKT to be a good investment as well. According to them, in a year the price is expected to reach a value of $2.75. In five years the price is expected to reach a value of $5.36. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before AKT moves up to create a new ATH.

  • Nervos Network (CKB) –  Collection of Protocols

    Nervos Network (CKB) –  Collection of Protocols

    The Nervos CKB (Common Knowledge Base) is a layer 1 blockchain that acts as a safe and decentralized repository for the network’s common knowledge. Common knowledge refers to states that have been validated by global consensus. Crypto-assets are a good example of common knowledge.

    The CKB and other Nervos layers 2 protocols work together to support the crypto-economy. The generation layer (or computation layer, since the two terms are interchangeable) performs most transactions and generates new states, whereas the CKB (or layer 1) saves and specifies the state. When participants in Layer 2 believe it is necessary, they send newly formed states to the CKB.

    The layered architecture isolates the state from computation, allowing each layer to be more flexible and scalable. CKB is the Nervos network’s lowest layer, with the biggest consensus and the most secure consensus. However, different programs may prefer different consensus scopes, making it inefficient to force all applications to utilize CKB’s consensus. Applications can select the best generation methods depending on their own requirements. Only when these applications need to submit states to CKB for the broader agreement will they be required to make these states common information that has been validated by CKB’s global consensus.

    How does it Work?

    CKB consensus is an overhauled Nakamoto agreement that utilizes Proof-of-Work to guarantee receptiveness, precision, and elite execution in circulated settings with network postponement and Byzantine node failures. CKB consensus is a Nakamoto consensus variety, which means nodes can openly join and leave the organization. Each node in the network can add to the consensus cycle by one or the other mining (finding the Proof of-Work) new blocks or approving that new blocks are authentic. It utilizes an ASIC-agnostic Proof-of-Work calculation fully intent on disseminating tokens as decently as doable while additionally guaranteeing the organization’s security.

    Price Movement

    At the time of writing CKB is being traded at the price of $0.02286 with an increase of almost 4.31% in the last 24 hours. It is a really strong token fundamentally. The maximum and minimum today are $0.023 and $0.02191 respectively. The daily trading volume has decreased by almost 1%. It had created its ATH in April 2021 and reached a price of almost $0.044. CKB has a circulating supply of almost 29.2B coins and a total supply of almost 35B. It is listed on coinmarketcap at rank 120th. It can be exchanged on Binance, KuCoin, Huobi.

    Price Prediction – Nervos Network (CKB)

    According to wallet investor thinks that CKB is a good investment. According to them, in one year, it would be worth around $0.0377. In five years, the price is expected to reach a value of $0.0931.

  • DIVI – Cheaper, easier Network

    DIVI – Cheaper, easier Network

    Cryptocurrencies have the potential to change the way we use money, and within a few years, they will be a part of the daily lives of billions of ordinary people for everyday transactions. The way things are present, this is hard to achieve: slow, expensive fees, difficult to understand, and easy to make a mistake and lose money. With an emphasis on decreasing user error, Divi’s user-friendly Smart Wallet and blockchain make transactions faster, cheaper, easier, and safer to use. The Divi network is powered by MOCCI, our ground-breaking one-click masternode installation. It’s the first to make joining their masternode network and earning cryptocurrency from their home computer or phone simply for anyone with no technical knowledge. The Divi Project distinguishes itself from other cryptocurrencies in various ways:

    • Multi-Coin System
    • 5-Layered, One-Click Masternode System
    • Vaulting
    • Lottery Blocks
    • Atomic Swaps and Exchange
    • Security by Design
    • Scalability
    • Crypto Banking
    • User Friendly Smart Wallet™
    • Advanced Governance System

    Divi is a decentralized ecosystem that uses a cryptocurrency (DIVI) generated by a Proof of Stake consensus process that uses both simple staking and “Master Nodes” to secure and validate network transactions. Divi’s PoS masternodes may be run on almost any machine and have little to no environmental impact.

    Their tokens were ERC20 compliant Ethereum blockchain derivatives during the initial token sale, and they were available on Cryptopia under the ticker DIVX.

    Price Movement

    Before the crash in April, the coin was being traded at the price of $0.112 It later fell down to the price of $0.026. The price was very fast to move upwards and quickly reached new heights and achieved $0.189 in December. At the time of writing this article Divi (DIVI ) is being traded at a price of $0.08119. The price has almost increased by 5% today. On the monthly time frame, we have seen a decrease of almost 32%.

    Price Prediction – Divi  (DIVI )

    In the long run, DIVI is a highly good opportunity. According to the wallet investor, the price of DIVI is to reach a value of $0.1020 in a year. For a five-year plan, the price will reach a value of $0.194. The way the price of DIVI has grown, the traders are even more bullish on the value. They think that it will reach even more.  Other Financial forecast websites see the coin’s potential as moderately positive, with Digital Coin Price valuing it at $0.1347 by 2022.

     

  • KuCoin Token (KCS) – What can we Expect?

    KuCoin Token (KCS) – What can we Expect?

    At the time of writing, KCS is being traded at the rate of $21.88 with an increase of almost 4% within the last 24 hours.

    The low within this tenure was around $20.85 and the high was approximately $21.91. The coin as being in the watchlist of many traders makes it rank all the way up to number 74th according to the latest data released by coin market cap.

    KCS made its all-time high in the month of December 2021 where it reached an enormous amount of $28.776. At the moment it has a daily volume of $14,315,873 with a decrease of about 5.15% within the last 24 hours. The total supply of KCS is now around 170M and the circulating supply is also 80.1M. KCS has a dominance of 0.08%.

    The top exchanges for trading it are currently KuCoin, Probit Global, AscendX.

    Technical Analysis – KuCoin Token

    KCS has its chart just like a lot of similar coins. As BTC hasn’t shown any strength, we can see that the coins which haven’t been pumped have shown similar movements. Most of them have been consolidating for a lot of time. The price had a wick down from where it had grabbed all the liquidity that was present below.

    After this move, the price tapped in the daily order block (or we can say that it is retail support). From this point, the price of KCS had a bounce and it rallied upwards.

    KCS - 1D

    As a result, we have seen the formation of higher highs and higher lows. But a few days back. Price has created equal highs. As a result, we can expect that liquidity is present above this level. The market can move in such a way that it will grab the liquidity present above and then it can drop down breaking the retail support.+

    Price Prediction – KuCoin Token (KCS)

    KCS has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of KCS has retraced back and is around the same price it had around the month of November 2021. According to the wallet investor, KCS is a good investment. The price of the coin is to reach a value of $42.55 in a year. In five years, the price is expected to reach around $120.544.

  • Binance Coin (BNB) –  What is the Chart Showing Us?

    Binance Coin (BNB) –  What is the Chart Showing Us?

    At the time of writing, BNB is being traded at the price of $522.21. The price of the coin has decreased by almost 1% in the past 24 hours. The maximum and minimum of the day are around $527.70 and $508.59. The daily trading volume has on the other hand has also decreased by almost 19% in one day. BNB is listed on coinmarketcap at 3rd spot according to market capital and has a market dominance of 3.87%.

    BNB - 1D

    BNB before the crash had achieved its all-time high around the price of $698.21 in March 2021. During the crash, BNB created a bottom and dropped down to $211 in the month of May. Just like many other coins, the coin showed reversal and it was strong enough. BNB eventually went on to create a new neat all-time high around the price of $669 during the month of November.

    BNB has a total supply of around 166M tokens and has all of them in circulation i.ie around 166M. BNB can be traded at a lot of different exchanges such as Huobi, Binance, KuCoin, FTX.

    Technical Analysis – Binance Coin

    BNB has been consolidating for a while. Just like many other coins, BNB has been range bound and we have seen no moves from the coin whatsoever. The price had tapped into the order block two/ three times and we have seen that it has bounced every time. The price is currently above the retail support.

    If the BTC drops, we can expect altcoins to drop as well. As a result, we can expect the coin to drop as well. if the retail support breaks, we can expect the price of the coin to fall down even harder and hit the daily order block that is present below. Lowe time frame confirmations should be taken into consideration.

    Price Prediction – Binance Coin (BNB)

    BNB has been one of the highly bullish coins in the market. According to wallet investor, BNB in one year is expected to reach a value of $993. In five years, it is expected to touch $2770. This shows that even though the coin has a huge amount of potential in it and would give an amazing return but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $10.

  • Ethereum (ETH) – Where to Now?

    Ethereum (ETH) – Where to Now?

    The native token of Ethereum is ETH. The Queen of the market that sometimes decouples with the BTC.

    At the time of writing, ETH is being traded at the rate of $3,784 with an increase of almost 1.01% within the last 24 hours.

    The low within this tenure was around $3,687 and the high was approximately $3,807. The coin as being in the watchlist of many traders makes it rank all the way up to number 2nd according to the latest data released by coin market cap. Ethereum is the most widely used blockchain in the market.

    ETH during the month of November approached its new All-time High around the price of $4,868. The trading volume today on the other hand has increased by almost 80%.

    The top exchanges for trading ETH are currently Kucoin, Binance, FTX.

    Technical Analysis –  Ethereum (ETH)

    The analysis that we did on 30th November 2021 is still in play. You can find the analysis here. We can see that the price of Eth has played out exactly as we have said before. Eth has been following BTC in terms of price movement and it didn’t come as a surprise when the price of Eth dropped.

    Now we can see in the chart, that the price of Ethereum (ETH) has been consolidating for a while before dropping down. Now there can be two possibilities from where the price can show a reaction.

    ETH - 1D

    One thing to notice is the mitigation area. This is due to the presence of an imbalance in the price. Now the price can drop to this level. But from where?

    The price can show a reaction from the imbalance and the order block that it has created four days ago when it dropped down and broke the trend line and the structure as well. The second place is the order block which has been formed a few days before this one. Price can show a reaction from that level as well.

    Price Prediction – Ethereum (ETH)

    ETH has been one of the fast gainers in the market. According to wallet investor, the price of ETH is to reach a value of $7,179 in a year. For five year plan, wallet investors think that the price is to reach a value of $19,533. This means that ETH is considered a good investment. Ethereum is the rightful second place holder among the top cryptocurrencies in the market.