STOCKS TELEGRAPH

Tag: Crypto

  • Bitcoin (BTC) – What is the King Up to now?

    Bitcoin (BTC) – What is the King Up to now?

    At the time of writing this article, BTC has a value of $48,046 (1% increase today) with a trading volume of $34,074,109,538 with an increase of about 12% over the past 24 hours. The king is slow to move today and as a result, the other coins have also been slow to move. As long as BTC consolidates, we can see some coins pop one after another but of course, no one goes against it.

    BTC is listed on coinmarketcap in 1st place. The rightful place for the king. It has a market dominance of about 40.36%. BTC had created its all-time high around the price of $69k. It later dropped to the price of $42 from where it showed reversal. The highest it went today is around $48,472. It has a circulating supply of about 18.9M. It has a total supply of about 21M.

    Technical Analysis

    As we showed in the last analysis that you can find here, we said that BTC can range for a while in the range that we have drawn. Fast forward to 30 days later, the analysis is still valid and we have seen BTC consolidate within the range. The price now has done a number of fake-outs that had trapped both the buyers and the sellers in the range.

    BTC - 1D

    Different points should be taken into consideration. One is the mitigation area that is also a confluence to the break of structure. We can see that the price has been consolidating for a while. Now we can look for the price to go up and mitigate this level from where we can expect a drop in the price.

    Now the price can then drop to the lower level from where we can expect a reaction. lower time frame confirmations should be taken into consideration before taking an entry.

    Price Prediction – Bitcoin (BTC)

    The coin also seems to have a good future. Walletinvestor expects a value of $83,233 by the end of the year and positive growth throughout the next five years. In 2025, it is expected to be around $211,092. A lot of traders had been bullish regarding the price of bitcoin and expected that it would reach $100k before the end of the year. Yet here we are with the price of BTC trading below $50k. But now it seems that a lot of them were wrong.

  • What is Celsius (CEL) – How does it Work?

    What is Celsius (CEL) – How does it Work?

    Celsius (CEL) is just like a financial organization, a bank in the world of cryptocurrency.

    It was launched in June 2018 and offers services such as loans and wallet-style payments, as well as prizes for depositing cryptocurrency.

    Users of the platform get paid on a monthly basis and earn interest on their investments. When utilized as a payment currency, Celsius’ native token, CEL, serves a range of internal purposes, including increasing user payouts.

    Even though banks are financial organizations, Celsius aims to get ahead of the banks in the world of financial services.

    This is done by providing greater returns on deposits. There are simple and easy conditions for providing loans to each customer. In the case of Celsius, Penalties are also removed.

    Through its CelPay feature, the platform also serves as a wallet, and it hosts its own CEL currency, which users may use to improve payout value, among other things.

    Celsius, as a for-profit corporation, takes a cut of profit margins on interest payments, but still returns 80% to consumers. Institutional entities, such as hedge funds, are also lent to by the corporation.

    Celsius’s token is based on a modified proof-of-stake algorithm, and the company’s broader security protocols were explained in a special presentation in June 2020, which is still available on its website.

    If security features like two-factor authentication are not turned on there is a danger of scamming and theft. This can be done through swapping SIMs just like with any other wallet.

    Price Movement – Celsius

    At the time of writing CEL is being traded at the rate of $4.01 with an increase of almost 4% within the last 24 hours.

    The low within this tenure was around $3.81 and the high was approximately $4.21. The coin as being on the watchlist of many traders makes it rank all the way up to number 97th. This is according to the latest data released by coinmarketcap.

    CEL during the month of May approached its new All-time High around the price of $9.25. The trading volume today on the other hand has increased by almost 180.33%.

    Price Prediction – Celsius (CEL)

    CEL has been one of the slow gainers in the market. The price is still way low as compared to the all-time high.  According to wallet investor, the price of CEL is to reach a value of $2.287in a year. For five year plan, wallet investors think that the price is to reach a value of $1.3. This means that CEL is considered a bad investment.

  • KardiaChain (KAI) – The First Interoperable Blockchain

    KardiaChain (KAI) – The First Interoperable Blockchain

    KardiaChain (KAI) is a blockchain platform that aspires to be fully interoperable and “non-invasive”. It means that blockchains can join the network without modifying their own protocols. KardiaChain has a dual-node topology that allows it to link to other blockchains, as well as sharding for scalability and smart contracts for developers.

    The platform is powered by KAI, a native token that may be used for staking, transaction fees, service participation, and smart contract deployment.

    The mainnet of KardiaChain became operational in December 2020, after it was initially announced in October 2018.

    KardiaChain claims to be the first blockchain that is completely non-invasive and interoperable. It accomplishes this primarily through its dual master node technology, which allows the blockchain to access both its own ledger and those of other platforms at the same time. This enables KardiaChain (KAI) to work alongside other blockchains without asking them to change their protocols or technologies. Dual nodes may be controlled by anyone, making them permissionless, and feature a consensus mechanism to check data from both chains, according to the whitepaper.

    According to KardiaChain’s (KAI) CEO, the network is trying to decentralize existing government and enterprise systems. This allows it to reach millions of users without having to educate the general public on blockchain technology.

    The platform has launched a number of initiatives aimed at increasing adoption. This includes “adoption decentralized apps,” which combine elements of both centralized and decentralized apps; discounts on mobile top-ups for Viettel customers who pay with KAI; and KAIstarter, a decentralized finance fundraising, and revenue sharing platform. Other projects and platforms that KardiaChain (KAI) has partnered with include NEM (XEM), MANTRA DAO (OM), ShareRing, and Bounce Finance (BOT).

    KardiaChain Security

    The KardiaChain network is protected by a Byzantine Fault Tolerance delegated proof-of-stake consensus. It requires a two-thirds majority approval for new blocks added to the chain and allows stakeholders to delegate transaction validation to trusted third parties. KardiaChain’s dual-node method to interoperability, according to its white paper, ensures that other blockchains’ security is not compromised when they interact with KardiaChain (KAI).

    Native Token – KardiaChain (KAI)

    KAI was first issued as an ERC-20 token on the Ethereum blockchain. When the KardiaChain mainnet launched, it was switched for a token native to the KardiaChain network. At the time of Writing KAI is being traded at the price of $0.08007. The price has decreased by almost 1.90% in the past 24 hours.

    The entire token supply of KardiaChain is 5 billion KAI. 816 million coins (16.32 percent) were set aside for private sales. 750 million KAI (15 percent) was made available for purchase through Gate.io’s IEO. 250 million KAI (5%) was set aside for the community, with 10% available immediately and 10% subject to lock-ups. 1 billion KAI (20%) was set aside for the ecosystem, with 10% available immediately and 10% subject to lock-ups. A total of 500 million KAI (10%) has been set aside for block awards. These will be distributed over a ten-year period.

  • Syscoin (SYS) – Combining BTC and ETH

    Syscoin (SYS) – Combining BTC and ETH

    Syscoin (SYS) Platform is an all-in-one Layer-1 and Layer-2 blockchain solution that combines industry-proven technology with cutting-edge applications. The project’s purpose is to create a system that will revolutionize blockchain technology by combining the best of Bitcoin and Ethereum. Syscoin transforms Bitcoin’s Proof-of-Work security and decentralization into a workable and scalable solution through Bitcoin merge-mining.

    Layer-1 features of Syscoin (SYS) include unique Z-DAG technology for near-instant network transactions, ultra-low transaction costs, taproot, and a token platform, as well as compatibility with Bitcoin’s emerging Layer-2 improvements. Custom notary API, Fungible Tokens, NFTs, and Fractionalized NFTs are currently available on Syscoin’s token platform.

    A masternode network on the Syscoin (SYS) Platform provides a scalable service layer as well as increased security via ChainLocks. Building on the Syscoin Platform gives you access to Network Enhanced Smart Contracts (NEVM), which take the best of Ethereum and boosts its processing capacity to allow you to run bigger, more complicated programs with ultra-low fees.

    Price Movement – Syscoin 

    At the time of writing, SYS is being traded at the rate of $0.9429 with an increase of almost 10% within the last 24 hours.

    The low within this tenure was around $0.8474 and the high was approximately $1.04. The coin as being in the watchlist of many traders makes it rank all the way up to number 130th according to the latest data released by coin market cap.

    SYS made its all-time high in the month of January 2013 where it reached an enormous amount of $230. At the moment it has a daily volume of $69,105825. It has increased about 100% within the last 24 hours. The total supply of SYS is now around 888M and the circulating supply is also 626M. SYS has a dominance of 0.03%.

    Price Prediction – Syscoin (SYS)

    SYS has been one of the most unsuccessful and powerful coins. The people have gained a lot, but the price has been continuously decreasing since the start of the project. Traders are not bullish on the project. The price of SYS has retraced back and is around the same price it had around the month of March 2020. According to the wallet investor, SYS is a good investment but not a really great one. The price of the coin is to reach a value of $1.035 in a year. In five years, the price is expected to reach around $1.940.

  • Constellation (DAG) – Scalable Solution

    Constellation (DAG) – Scalable Solution

    Constellation (DAG) is a protocol that achieves consensus using a directed acyclic graph architecture with infinite scalability in theory. Constellation is leading the evolution of smart contracts by allowing data sources to be integrated into distributed ledger technology via the DAG protocol and bespoke state channels (DLT).

    The company was founded in 2017, and the DAG roadmap was created in April of that year. The founding team opted to reconsider many of the traditional answers to existing blockchain concerns, including scalability and centralization, when designing the project. Constellation is designed to facilitate the secure processing of large amounts of data by allowing users to connect to external datasets via simple APIs.

    The Constellation (DAG) protocol aims to address the issue of scalability in the blockchain world. The project’s main distinguishing feature is its ability to scale in accordance to the number of users and current requirements. When a user joins Constellation, the network bandwidth grows in lockstep.

    Constellation (DAG) employs the proof-of-meme (PoM) consensus approach, which is built on the idea of rewarding and selecting nodes with strong reputations.

    Smart contracts on the Constellation Network run on a Java Virtual Machine (JVM). These contracts function similarly to smart contracts on the Ethereum (ETH) blockchain, although their logic is a little more complicated.

    The architecture of the Constellation Network (DAG) is made up of various parts, including:

    • Stars: A fundamental component for direct contact between the web and users that are mobile-friendly. This component is where all transactions take place.
    • Star Cluster: Required for participation in the consensus. Galaxies and Black Holes hash each Star Cluster’s local hash blocks, which are handled like regular transactions.
    • Galaxies:  These are validators that are isomorphic. These are devoted resources to Stars and uphold the reputations of nodes. Black Holes collect galaxy metadata, whereas Galaxies store the network’s blockchain history.
    • Black Holes:  These are hashed, block groups.

    Native Token – Constellation (DAG)

    Constellation (DAG) is the Constellation Network’s native token. The entire quantity is limited to 3.71 billion tokens, with 1.27 billion in circulation as of October 2021. The initial coin offering (ICO) for the DAG token ended on June 15, 2018.

    DAG is an ERC-20 coin that connects numerous network components and allows for easy communication between government channels and nodes.

    In addition, the developers of Constellation have released Molly, a native crypto wallet that is aimed to improve user experience.

    At the time of writing, DAG is being traded at the price of $0.1995 with an increase of almost 14.21% in the past 24 hours.

  • Flow (FLOW) – The Hub of next Generation dApps

    Flow (FLOW) – The Hub of next Generation dApps

    Flow is a fast, decentralized, and developer-friendly blockchain. It will serve as the foundation for a new generation of games, apps, and digital assets. Flow is the only layer-one blockchain built by a team that has repeatedly provided excellent consumer blockchain. It has created products, such as CryptoKitties, Dapper Wallet, and NBA Top Shot.

    It is the only blockchain that incorporates usability improvements into the protocol layer, making it the only blockchain built from the ground up for mass use. Flow is already being used by top developers and some of the world’s largest brands to create completely new experiences with top-tier content.

    Top entertainment companies, development studios, and venture-backed startups make up Flow’s ecosystem. Global IP brands such as Warner Music, Ubisoft, NBA, and UFC are among the ecosystem’s partners, as are leading game developers such as Animoca Brands, Sumo Digital, and nWay; crypto leaders such as Circle and Binance; and several notable projects among the next generation of high-growth startups, such as Opensea. Flow blockchain, as well as Cryptokitties, Dapper, and NBA Top Shot, were all created by Dapper Labs.

    Dapper Labs was founded in 2018 with the goal of bringing new types of digital engagement to users all over the world. Blockchain-enabled applications can connect fans closer to the companies they love. This gives people a meaningful stake in the communities they help to build and provide customers new options to become creators.

    How is the Project Unique?

    • Flow’s multi-role architecture is unique, allowing the network to scale to support billions of users. This is without sharding or diminishing consensus decentralization.
    • Smart contracts on the project are written in Cadence, a simple and secure programming language for crypto-assets and applications.
    • Developer friendliness: from upgradeable smart contracts to the Flow Emulator, this network caters to individuals who want to create meaningful community products.
    • Consumer onboarding: Flow was created with mainstream customers in mind, with payment onramps allowing for a secure and low-friction transition from fiat to crypto.

    The Native Token – Flow

    The FLOW coin is the network’s native currency. It is the foundation for a new, open, and transnational digital economy. FLOW token is the fuel that powers the network if Flow is the digital infrastructure. It is the currency that allows the network and all of its applications to function. It is intended to act as both a payment method. Also as a long-term reserve asset for the economy as a whole. Validators, developers, and consumers use the token to participate in the FLOW network and get incentives. It’s also utilized to pay fees and participate in protocol governance in the future.

  • Gnosis (GNO) – What is it?

    Gnosis (GNO) – What is it?

    Gnosis (GNO) is a decentralized prediction market founded in 2015 and based on the Ethereum platform. Third-party developers will be able to launch their own services as well.

    Individuals will be able to construct prediction markets for events, allowing users to buy shares of projected occurrences, using user forecasts to aggregate information about future events.

    Gnosis (GNO) and OWL are the two tokens used by the platform. GNO tokens are ERC-20 tokens that the team sold during its initial coin offering (ICO). Staking it earns you OWL tokens. The amount of OWL received is determined on the length of the lock period and the market’s total supply of OWL tokens.

    Martin Köppelmann (CEO), Stefan George (CTO), and Dr. Friederike Ernst lead the team.

    Price Movement Gnosis

    According to coinmarketcap, the total supply of GNO is around 10M GNO and all of them around 1.86M of the coins are in circulation at the moment. It holds the 93rd rank according to market cap and has a market dominance of 0.05%.

    At the time of writing, GNO is being traded at the price of $533.92 with an increase of almost 29% in the last 24 hours. The maximum and minimum today are $562.06 and $431.85 respectively. The daily trading volume has increased by almost 7456%. GNO had created its ATH in November 2021 and reached a price of almost $655. On the weekly time frame, we can see that overall the price of the coin is moving for higher highs. In November and December, we have seen a massive increase in the price of the coin as well as this week.

    Price Prediction – GNOSIS (GNO)

    It is a good investment and is going to provide good returns. Wallet investor considers GNO to be a really good investment as well. According to them, in a year the price is expected to reach a value of $787.640. This means that according to them, it is a good investment. Traders are also very bullish on the price and think that it wouldn’t be long before GNO moves up to create a new ATH.

  • dApps for Bitcoin – Stacks (STX)

    dApps for Bitcoin – Stacks (STX)

    Cryptocurrency has taken the world by storm, and the original cryptocurrency, Bitcoin, has been instrumental in this. Bitcoin is without a doubt the “King” of the market, with a price of $47,723.08 at the time of writing. However, bitcoin is not without flaws. Along with the desire to have their inventiveness recognized by the general public, the majority of other developers have strayed from the Bitcoin path and attempted to carve out their own niche in the market. This is exemplified by Ethereum. Stacks (STX) thinks Bitcoin will lead the future.

    Stacks 2.0 (STX), on the other hand, feel that Bitcoin is the cryptocurrency of the future. Bitcoin will gradually be used to build decentralized applications and use cases. This, they say, can be compared to the early Internet boom, when, despite the presence of other competing protocols, TCP/IP emerged as the winner, and everything on the Internet was eventually built on it. The same is true for Bitcoin.

    Stacks (STX) is a consensus algorithm developed by Princeton and MIT academics that is distinct from any previous consensus algorithm. It is a consensus mechanism between two blockchains. This is the Proof of Transfer (PoX) protocol, which connects the Bitcoin and Stacks blockchains and enhances Bitcoin’s capabilities. The basic Bitcoin chain elects a new leader, after which new blocks are put on the related Stacks chain.

    The Stacks 2.0 (STX) is a layer-1 blockchain that will introduce Bitcoin smart contracts and decentralized apps. It promises two blockchain benefits: first, scalable transactions, and second, general-purpose smart contracts that use the Bitcoin blockchain without modifying it. Stacks miners can use Bitcoin to mine freshly created Stacks. Stacks holders, on the other hand, can lock their STX in consensus to earn Bitcoin.

    Price Movement

    At the time of writing STX is being traded at the price of $2.15 with a decrease of almost 13% in the last 24 hours. STX is a really strong token fundamentally. The maximum and minimum today are $2.48 and $2.14 respectively. The daily trading volume has decreased by almost 42%. STX had created its ATH in December 2021 and reached a price of almost $3.26. After the reversal, STX has a circulating supply of almost 1.29B coins and a total supply of almost 1.81B. It is listed on coinmarketcap at rank 54th. It can be exchanged on Binance, KuCoin, OKEx.

    Price Prediction – Stacks (STX)

    According to wallet investor thinks that STX is a good investment. According to them, in one year, STX would be worth around $3.813. In five years, the price is expected to reach a value of $9.156.

  • Basic Attention Token (BAT) – Changing the Ad Industry

    Basic Attention Token (BAT) – Changing the Ad Industry

    In a society where everything is tracked, there have been situations where information has been exploited. The Tor network was created to give users the ability to mask their identities and prevent third-party applications and companies from viewing their data. What happens if the entire scenario is decentralized? This is where BAT enters the picture. BAT stands for Basic Attention Token (despite the fact that the word BAT in this context has nothing to do with the phrase BAT).

    The digital advertising landscape, according to the BAT token’s creators, is flawed. In today’s environment, everyone is tracking everyone, and grave crimes are perpetrated on a daily basis. This is precisely the problem that the token’s creators are attempting to solve. They want to do so via a decentralized exchange. A currency enabled by the Brave browser, an open-source, fast, and privacy-focused browser. It bans third-party adverts and trackers and will reward its authors via a ledger system. The BAT cryptocurrency is essentially a decentralized ad exchange token. In this environment, the user benefits as well, as the user pays attention while their privacy is preserved, resulting in a larger financial return for advertising firms.

    This coin has a huge deal of potential. Furthermore, the BAT is created by the same individual who created Mozilla Firefox and JavaScript.

    Price Movement

    Before the crash in April, the coin was being traded at the price of $1.649 It later fell down to the price of $0.18. The price was very fast to move upwards and quickly reached new heights and achieved $1.92 in November. At the time of writing this article, The Basic Attention Token (BAT ) is being traded at a price of $1.17. The price has almost decreased by 12% today. On the monthly time frame, we have seen a decrease of almost 20%.

    Price Prediction – Basic Attention Token (BAT)

    In the long run, BAT is a highly good opportunity. According to the wallet investor, the price of BAT is to reach a value of $1.921 in a year. For a five-year plan, the price will reach a value of $4.122. The way the price of BAT has grown, the traders are even more bullish on the value and 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 $1.21 by 2022.

  • FLUX – What is the Chart Showing Us?

    FLUX – What is the Chart Showing Us?

    At the time of writing FLUX is being traded at the rate of $1.92 with a decrease of almost 14% within the last 24 hours.

    The low within this tenure was around $1.92and the high was approximately $2.31. The coin as being in the watchlist of many traders makes it rank all the way up to number 153rd according to the latest data released by coin market cap.

    FLUX made its all-time high in the month of January 2021 where it reached an enormous amount of $22.50. At the moment it has a daily volume of $32,224,572 with a decrease of about 17% within the last 24 hours. The total supply of FLUX is now around 440M and the circulating supply is also 222.7M. FLUX has a dominance of 0.02%.

    The top exchanges for trading it are currently Binance, KuCoin, Gate.io.

    Technical Analysis – Flux

    The coin, as can be seen in the chart had been creating higher highs and lows. During the drop of BTC from $69k to $42k, the price of FLUX went on to create a bottom. When BTC reversed, the coin also showed reversal and we saw the price o the coin increase.

    Now we can see that there is no visible reason for the price to go upwards. The wick that had grabbed all the liquidity above has also been mitigated half of the point. We can see that as soon as the mitigation happened, the coin started to show a reversal.

    FLUX - 1D

    Now there is no visible reason to go upwards, but the presence of an order block at the bottom calls for the drop in the price. The price of FLUX has been following a trend line and has bounced many times from there. If it fails to hold we can expect the price to drop down and touch the order block.

    Price Prediction

    FLUX 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 FLUX has retraced back and is around the same price it had around the month of August 2020. According to the wallet investor, FLUX is a good investment. The price of the coin is to reach a value of $4.973 in a year. In five years, the price is expected to reach around $15.368.