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Tag: Crypto

What is Ankr (ANKR)?

The current crypto-market climate is reminiscent of the Californian gold rush of the mid-1850s when hundreds of prospectors and their families flocked to the west in the hopes of striking it rich. The crypto market is comparable in that it consists of a large number of cryptocurrencies, each with its unique flavor, all attempting to “strike at gold.” The revolutionary potential of crypto-currency is the selling pitch. One of those who believe in this revolution is Ankr.

Ankr refers to the coming revolution as Web3, and they aspire to be the forerunners. They desire a system in which there are no intermediaries or barriers that prevent users from conducting secure and frictionless transactions. Ankr’s team, led by Chandler Song, comprises of 16 people with experience working for large businesses such as Amazon, AWS, Goldman Sachs, and others.

What exactly is it? It is similar to Apple’s iCloud in terms of cloud storage and computing services. Ankr’s shared sources mechanism makes it cheaper and faster than traditional cloud services. Since 2018, Ankr has operated as a typical service provider, deploying entire nodes and validator nodes on behalf of customers and networks, as well as hosting, public RPCs, APIs, and staking.

Ankr’s huge environment is what makes it so special. It has now distributed over 25,000 node end-points to 75,000 developers and processed over $1 billion in crypto transactions per week. It supports over 50 different blockchains and L2 solutions. The company has tried its hand at proof-of-concept with cryptocurrencies like Fantom and Polygon, and has been able to make more than 20 billion RPC calls every week, with the potential to reach 80 billion in a month!

Price Movement

At the time of writing ANKR is being traded at the price of $0.1075. The price has had an increase of almost 5% in the last 24 hours. ANKR is a really strong token fundamentally. The maximum and minimum today are $0.1085 and $0.1014 respectively. The daily trading volume has decreased by almost 14%. ANKR had created its ATH in March 2021 and reached a price of almost $0.21662. Even after the reversal, ANKR still hasn’t been able to recover from the damage. It is being traded at the price it had around May.

ANKR has a circulating supply of almost 8.16B coins and a total supply of almost 10B. It is listed on coinmarketcap at rank 99th. It can be exchanged on Binance, FTX, Huobi Global.

Price Prediction – ANKR

According to wallet investor thinks that ANKR is a good investment. According to them, in one year, ANKR would be worth around $0.195. In a five-year time span, the price is expected to reach a value of $0.583.

December 23, 2021
What is NEM (XEM), How does it work?

The New Market Movement’s (NEM) – XEM objective is to transform the blockchain ecosystem. NEM is not a platform, but rather an ecosystem of platforms that use encryption and blockchain technology to provide solutions for businesses and individuals.

It is a fork of the popular cryptocurrency and payment network NXT. NEM is a cryptocurrency that was created in 2015. NEM is the brainchild of nem.io, a Singapore-based non-profit. The development team chose to take the project to the next level after the fork by building its own codebase and adding new features. As a result of the team’s efforts, NEM has become far more scalable and faster. As a result, the platform looks nothing like the original NXT.

Proof of Importance (POI)

The NEM (XEM) blockchain’s Proof of Importance (POI) technique is a one-of-a-kind character that adds to its high efficiency. The Proof-of-Work mechanism is one of the most widely used staking strategies in the crypto world, but it is also an energy-intensive procedure, making it inappropriate for cryptocurrencies. The NEM blockchain is significantly more efficient thanks to its POI system, which gives higher weight to how much users have spent in XEM as indicated by their wallets and holding duration. It’s comparable to the Proof-of-Stake method, which is the second alternative to the Proof-of-Work mechanism, in that POI evaluates nodes using a variety of criteria. Transactions, currencies, and activity clusters are among the other criteria taken into account.

Price Movement – NEM (XEM)

Before the crash in March, the coin was being traded at the price of $0.8645. It later fell down to the price of $0.0852. It still hasn’t shown any strong movement and is still being traded at the bottom. At the time of writing this article, The NEM (XEM ) is being traded at a price of $0.1309. The price has almost increased by 3% today. On the monthly time frame, we have seen a decrease of almost 25%. Today, it has achieved its new ATH.

The Total volume at the moment is $175,714,387 with an increase of 6% in the past 24 hours. The coin is listed on coinmarketcap on the 85th spot and has a market dominance of about 0.05%.

XEM has a finite supply, the total supply of the coin is around 9B and has the same circulating supply.

Price Prediction – NEM (XEM)

In the long run, XEM is a highly good opportunity. According to the wallet investor, the price of XEM is to reach a value of $0.251 in a year. For a five-year plan, the price will reach a value of $0.692. The way the price of XEM has grown, the traders are even more bullish on the value and they think that it will reach even more.

December 23, 2021
AMP – What is the Chart Showing Us?

At the time of writing AMP is being traded at the rate of $0.04896 with an increase of almost 2.27% within the last 24 hours.

The low within this tenure was around $0.04761 and the high was approximately $0.05735. The coin as being in the watchlist of many traders makes it rank all the way up to number 66th according to the latest data released by coin market cap.

AMP made its all-time high in the month of June 2021 where it reached an enormous amount of $0.121. At the moment it has a daily volume of $29,833,699 with an increase of about 33.63% within the last 24 hours. The total supply of the coin is now around 99B and the circulating supply is also 42.23B. AMP has a dominance of 0.09%.

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

Technical Analysis

AMP has one of the most beautiful movements as can be seen on the chart. The price of the coin has been moving into a range. The trend line has been drawn to show you the channel. The price has broken outwards of this channel. This means that the price is bullish and we can soon big green candles from the price.

The price has broken out of the channel and is on its way to retest the level. If the price fails to hold the retest level, we can expect a drop to $0.046. If the price holds the level, it can shoot upwards. Another confluence is the presence of equal highs which can drive the price upwards. From here, we can expect the price to creating higher highs and higher lows. Overall, lower time frame confirmations should be taken into consideration to have a cleaner entry into the market. AMP is bullish.

Price Prediction – AMP

The coin has been a slow gainer. Nevertheless, the people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of AMP has retraced back and is around the same price it had around the month of August. According to the wallet investor, AMP is a good investment. The price of the coin is to reach a value of $0.0643 in a year. In five years, the price is expected to reach around $0.130.

December 23, 2021
Stellar (XLM) – What is the Chart Showing Us?

At the time of writing XLM is being traded at the price of $0.2769. The price of the coin has increased by almost 4% in the past 24 hours. The maximum and minimum of the day are around $0.2772 and $0.2614. The daily trading volume has on the other hand has decreased by almost 27.28% in one day. XLM is listed on coinmarketcap at the 26th spot according to market capital and has a market dominance of 0.30%.

XLM before the crash had achieved its all-time high around the price of $0.7985 in May 2021. During the crash, it created a bottom and dropped down to $0.1985 in the month of July. Just like many other coins, the coin showed reversal but it wasn’t strong enough. XLM is still being traded at the price it had around July.

XLM has a total supply of around 50B tokens and has nearly half of them in the circulation i.ie around 24.67B. The coin can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.

Technical Analysis – Stellar (XLM)

It can be seen that the coin has lost its structure and is now falling down. At one point it was creating higher highs and higher lows. It failed to maintain that level and the structure shifted. It can be seen that the price of XLM has been printing lower lows and it can be seen that it was clearly following a trend line. XLM had touched it two times and showed reaction from there both of the times

Now there is an order block that can pose a reaction to the price movement. Now, there is liquidity below by the equal lows. We can expect that the price will go up and have a reaction from the trend line. From there, it can drop down to grab the remaining liquidity. After this, the price can have a shot upwards. If the momentum is strong enough, XLM can break the trend line and move upwards to touch the order block.

Price Prediction – Stellar (XLM)

Stellar(XLM) has been one of the highly bullish coins in the market. According to wallet investor, XLM in one year is expected to reach a value of $0.484. In five years, it is expected to touch $1.351. This shows that XLM has a huge amount of potential in it and would give an amazing return to the people who would hold it.

December 23, 2021
The Graph (GRT) – On its way to $1?

The native token of The Graph Ecosystem is GRT

At the time of writing, GRT is being traded at the rate of $0.7219 with an increase of almost 10% within the last 24 hours.

The low within this tenure was around $0.6592 and the high was approximately $0.7302. The coin as being in the watchlist of many traders makes it rank all the way up to number 47th according to the latest data released by coin market cap.

GRT during the month of February approached a near All-time High around the price of $2.8807. The trading volume today on the other hand has increased by almost 33.62%.

The top exchanges for trading GRT are currently Binance, OKEx, FTX

Technical Analysis – The Graph (GRT)

GRT has been dropping hard for a long time. For a long time, the price of GRT has shown reversal and started to a dropdown. This happened when the price failed to hold the level and couldn’t create a new higher high. The price dropped down and went into consolidation for a few days.

The price of GRT did print a green candle but wasn’t enough to create a reversal in the price and soon the trend continued towards the downside. This is an important part of the price now.

After this, the price went down and grabbed liquidity present below before doing a descending correction. Now what we can expect from the price is that it can go up and mitigate the equilibrium position. From there we can look for lower time confirmations and additional confirmations to know how it can react. Overall, the price action of GRT is now bullish and we can be pretty sure that the structure has reversed.

If the price drops down we can expect another leg upwards which would eventually take the price to the consolidation range. From there, we can expect another reaction to the price. If it becomes stable over that point, we can look for another higher high, otherwise, the price can drop down to the level below.

Price Prediction – The Graph (GRT)

GRT 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 GRT is to reach a value of $0.333 in a year. This means that according to wallet investors GRT is a bad investment.

December 23, 2021
Polygon (MATIC) – Where will it move Now?

According to coinmarketcap, the total supply of MATIC is around 10B MATIC and around 7.09B of the MATIC are in circulation at the moment. It holds the 14th rank according to market cap and has a market dominance of 0.80%.

At the time of writing MATIC is being traded at the price of $2.60 with an increase of almost 12.57% in the last 24 hours. The maximum and minimum today are $2.61 and $2.28 respectively. The daily trading volume has increased by almost 45.52%. MATIC had created its ATH in May 2021 and reached a price of almost $2.70. The price during the crash dropped down to a price of almost $0621 in the month of July 2021. Overall the price is moving for higher highs. In November, we saw a decrease of almost 8%. This month, we have seen an increase of almost 43%.

Technical Analysis – Polygon

MATIC has been one of the most bullish coins, it can be seen that the price of the coin is near its all-time high value. The coin has been printing higher lows and higher highs for a long time. We can see that the price has been grabbing liquidity below. It continued to go upwards and touched the last higher high (as can be seen on the chart).

Now what we can expect from the chart of MATIC is that it can go upwards and touch the all-time value. From there it can have some reaction from the value. If it becomes stable we can look for a higher high.

More importantly, a point of interest is the fact that these last two candles have created inefficiency in the price. The second thing is the creation of an order block. We can expect that it would go upwards, create a new all-time high, and come back down to fill the gap.

Price Prediction – Polygon (MATIC)

MATIC is a good investment and is going to provide great returns. Wallet investor considers MATIC to be a really good investment as well. According to them, in a year the price is expected to reach a value of $4.056. In five years the price is expected to reach a value of $11.627. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before MATIC moves up to create a new ATH.

December 23, 2021
What is ICON (ICX)

South Korea’s ICON Network (ICX) is a layer-one blockchain. Its stated goal is to create an interoperable blockchain network that connects autonomous online communities with real-world businesses. ICON Network focuses on delivering real-world utility by promoting frictionless value transactions and fostering hyper-connectivity.

The project can reduce the number of middlemen and eliminate barriers to cross-border interactions by confirming transactions on its decentralized ledger. ICON was able to gain multiple collaborations with South Korean enterprises and the private sector thanks to its focus on enterprise adoption.

ICONists, or token holders, can delegate their ICX to these P-Reps in order to secure the network. Each P-Rep is backed by their ICONists’ stake. New applicants can also become one of the top 100 P-Reps who help to validate the network. P-Reps are led by groups of software developers, marketers, corporations, and other stakeholders who have contributed to the ICON project for a long time.

Icon (ICX) Uses

Staking, paying smart contracts and transaction fees, and rewarding users for network participation are all done with ICX. Depending on the overall amount pledged, staking benefits range between 6% and 36% every year. The length of the unstaking period is proportional to the number of ICX staked; the fewer ICX from the entire supply staked, the longer the unstaking period, which can range from 20 to five days.

The Token distribution is as follows:

400 million ICX were sold at the ICO in September 2017 for $0.11 each, with 16 percent reserved for the community and 10% going to the team, advisers, and early contributors. 10% to the community organization and strategic partners. The ICON Foundation receives 14% of the proceeds.

Price Movement

At the time of writing, ICX is being traded at the price of $1.26 with an increase of almost 7.89% in the last 24 hours. ICX is a really strong token fundamentally. The maximum and minimum today are $1.27 and $1.14 respectively. The daily trading volume has increased by almost 14%. ICX had created its ATH in March 2021 and reached a price of almost $3.20. Even after the reversal, It still hasn’t been able to recover from the damage and is trading at the price it had around July.

ICX has a circulating supply of almost 679M coins and a total supply of almost 80M. It is listed on coinmarketcap at rank 98th. It can be exchanged on Binance, FTX, Huobi Global.

Price Prediction – ICON

According to wallet investor thinks that ICX is a good investment. According to them, in one year, ICX would be worth around $2.973. In a five-year time span, the price is expected to reach a value of $6.869.

December 22, 2021
What is the Terra (LUNA) Ecosystem?

The Terra network features stable coins that are tied to many real-world assets such as the US Dollar, WON, and Tugrik, and is one of the most widely used stablecoins. The native token is known as LUNA currently controls the value of these stablecoins. Luna can also be used to vote in governance. UST, TerraCNY, TerraJPY, and TerraGBP are some of their stablecoins.

Terra has a variety of collaborations, including Chai (South Korean mobile payment system). Terra Alliance, which focuses on network adoption, is behind it.

How does Terra (Luna) System Work?

Stablecoins based on algorithms is available on Terra. It manages the supply of Luna and their stablecoins in order to keep the pegged coins’ value stable. Stablecoins are minted in accordance with supply and demand, thanks to the algorithm. It accomplishes this by controlling Luna, either by exchanging it for stablecoins or by burning it to regulate supply.

Terra is built on a proof-of-stake (PoS) consensus model that allows token holders to stake their Luna. Token holders verify transactions and, as a result, receive incentives based on the amount of Luna they have staked. On the Terra system, token holders (Luna) can also vote for governance.

Price Movement

Before the crash in July, the coin was being traded at the price of $22.40. It later fell down to the price of $3.91. It quickly moved upwards and tried to test its ATH around the price of $84.80 this month. At the time of writing this article, The Terra is being traded at a price of $84.28. The price has almost increased by 3% today. On the monthly time frame, we have seen an increase of almost 41.45%. Today, it has achieved its new ATH.

The Total volume at the moment is $3,436,091,781 with an increase of 9.81% in the past 24 hours. The coin is listed on coinmarketcap on the 88th spot and has a market dominance of about 1.37%.

Luna has a finite supply, the total supply of the coin is around 843M while the circulating supply is around 373M.

Price Prediction – Terra

In the long run, Luna is a highly good opportunity. According to the wallet investor, the price of Luna is to reach a value of $168.661 in a year. For a five-year plan, the price will reach a value of $532.085. The way the price of Luna has grown, the traders are even more bullish on the value and they think that it will reach even more.

December 22, 2021
SHIBA INU (SHIB) – What is the Chart Showing Us?

At the time of writing, SHIB is being traded at the rate of $0.00003251 with an increase of almost 10.27% within the last 24 hours.

The low within this tenure was around $0.00003096 and the high was approximately $0.00003256. The coin as being in the watchlist of many traders makes it rank all the way up to number 13th according to the latest data released by coin market cap.

SHIB made its all-time high in the month of October 2021 where it reached an enormous amount of $0.00008854. At the moment it has a daily volume of $1,977,020,253 with an increase of about 141.63% within the last 24 hours. The total supply of SHIB is now around 589T and the circulating supply is also 549B. SHIB has a dominance of 0.79%.

The top exchanges for trading it are currently Binance, OKEx, FTX.

Technical Analysis – SHIBA INU (SHIB)

SHIB has been one of the highest gainers at one point. We can see that the SHIB has a highly explosive move upwards. This has resulted in the price to achieve new heights and create a new all-time high. We can see that after the price went to touch the ATH, it dropped really fast.

The price broke the structure and came down creating lower lows and lower highs. At one point, it had wicked upwards and grabbed the liquidity present above but it soon fell down. Now it can be seen that the SHIB bears are losing steam. Moreover, the price has also mitigated the order block present below.

Now there is no visible reason for the price to go down again. It is possible that the price of SHIB can long here. For the target, we can look for the wick that happened a few days ago. The price can mitigate half of that candle.

Price Prediction – SHIBA INU

SHIB has been one of the most successful meme coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in June and has completely retraced back. According to the wallet investor, SHIB is a good investment. The price of the coin is to reach a value of $0.000088 in a year. In five years, the price is expected to reach around $0.000316.

December 22, 2021
Radix (XRD) – What is the Chart Showing Us?

At the time of writing, XRD is being traded at the price of $0.2739. The price of the coin has increased by almost 14% in the past 24 hours. The maximum and minimum of the day are around $0.281 and $0.2324. The daily trading volume has on the other hand has increased by almost 63% in one day. XRD is listed on coinmarketcap at 203rd spot according to market capital and has negligible market dominance.

XRD before the crash had achieved its all-time high around the price of $0.14 in August 2021. During the crash, XRD created a bottom and dropped down to $0.098 in the same month. Just like many other coins, the coin showed reversal and it wasn’t long before XRD created a new all-time high in the month of November and reached a price of $0.65

XRD has a total supply of around 24B tokens and has nearly half of them in the circulation i.ie around 12.12B. XRD can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.

Technical Analysis – Radix (XRD)

According to the daily time frame, we can see that XRD had an explosive upwards, this move has taken the coin to new heights. The price went to touch new high where it failed to hold the level and ultimately broke down. Price broke the structure that resulted in the free fall of the price.

The price of XRD quickly fell down and touch the bottom. This fall has created an order block. This block is still unmitigated. Now what can happen is that price can move upwards and touch the break of structure point.

When it touches that point, we can look for multiple scenarios. If the price becomes stable above. We can look for a possible long. But the unmitigated zone, that is present below can drive the price down. Lower time frame confirmations should be taken into consideration to take a possible entry.

Price Prediction – Radix (XRD)

Radix(XRD) has been one of the highly bullish coins in the market. According to wallet investor, XRD in one year is expected to reach a value of $1.501. In five years, it is expected to touch $6.543. This shows that the coin has a huge amount of potential in it and would give an amazing return to the people who would hold it.

December 22, 2021