STOCKS TELEGRAPH

Tag: Crypto

  • Counos X (CCXX) – What is it?

    Counos X (CCXX) – What is it?

    Counos X (CCXX), which was launched on June 1, 2019, by a Swiss team, was created to make payments and clear purchase invoices easier, with a focus on fiat money exchange. While its value is established by the market, efforts will be made to keep it from fluctuating excessively.

    According to the current roadmap, the project has the following plans:

    • Counos Omni Layer (Issue Token)
    • Certification System
    • Election System
    • Copyright System
    • Decentralized Finance (DeFi)

    Counos X is a cryptocurrency created by the Counos Platform. It is the first bankable cryptocurrency with a fixed bid and ask price. Counos X (CCXX) already has a lot of amazing stuff.

    Any user with a Counos Platform SSO account can utilize the staking system to store their Counos Coin or Counos X and receive a return based on the due date of their chosen plan.

    According to them, Counos’ strong suit is its credibility, and the team is continually looking for methods to help every one of us in this area.

    Price Movement – Counos X 

    At the time of writing CCXX is being traded at the rate of $52.66 with an increase of almost 19.30% within the last 24 hours.

    The low within this tenure was around $40.80 and the high was approximately $64.21. The coin as being in the watchlist of many traders makes it rank all the way up to number 212th according to the latest data released by coin market cap.

    CCXX during the month of December approached a near All-time High around the price of $179. The trading volume today on the other hand has increased by almost 104.21%.

    The top exchanges for trading CCXX are currently Alterdice, ExMarkets, Dex-Trade

    Price Prediction – Counos X (CCXX)

    CCXX has been one of the highly bearish coins in the market. Even though in just a few months we have seen a massive increase in the price of CCXX. According to wallet investor, the price of CCXX is to reach a value of $4.673 in a year. This is a huge drop as compared to the price the coin has now.

  • Creditcoin (CTC) – Where will it move Now?

    Creditcoin (CTC) – Where will it move Now?

    According to coinmarketcap, the total supply of CTC is around 2B CTC and around 564M of the CTC are in circulation at the moment. It holds the 211th rank according to market cap and has negligible market dominance.

    At the time of writing, CTC is being traded at the price of $2.25 with an increase of almost 9.25% in the last 24 hours. The maximum and minimum today are $2.00 and $2.35 respectively. The daily trading volume has decreased by almost 0.45%. CTC had created its ATH in March 2021 and reached a price of almost $9.10. The price during the crash dropped down to a price of almost $1.010 in the month of May 2021. Overall the price is moving to higher highs. In November, we saw a decrease of almost 5.25%. This month, we have seen a decrease of almost 10%.

    Technical Analysis – Creditcoin (CTC)

    It can be seen, that the price had been consolidating for the while, the price of CTC had been ranging for a while before shooting upwards. This shot upwards created an order block. Now, this order block is on the weekly time frame. The price went on to create five green candles that went up to touch and create a new all-time high.

    CTC - 1W

    The price of CTC after that failed to create a new high and dropped down to create a bottom. This resulted in the shift of the structure. The price went down and has created equal lows three times. This means that there is a liquidity blow-up for the grab.

    The second-order block that is worth noticing is the one that resulted in the fall of the price. Now what can happen is that the price can drop down to mitigate the order block present below in confluence with the liquidity present below. From there we can rise up to touch the order block present above.

    Price Prediction – Creditcoin

    CTC is a good investment and is going to provide great returns. Wallet investor considers CTC to be a really good investment as well. According to them, in a year the price is expected to reach a value of $4.364. In five years the price is expected to reach a value of $13.129. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before CTC moves up to create a new ATH.

  • What do you need to know about Maker (MKR)?

    What do you need to know about Maker (MKR)?

    De-Fi refers to a financial system that is not centralized. Maker is one of the first decentralized finance projects in the crypto space, with the goal of bringing decentralized finance to retailers. This is accomplished through the development of dApps on a smart contract-enabled ecosystem. This is where MKR takes a stand

    DAI is one of the world’s most popular stablecoins. Its value is linked to the US dollar. On coinmarketcap, the DAI is now ranked 35th, with a market dominance of roughly 0.25 percent. The average daily trade volume has climbed by nearly 37.23%. The total number of DAI in circulation is estimated to be around 6.74 billion.

    MakerDAO and Maker Protocol are decentralized organizations as well as software platforms for managing DAI. It enables users to create and administer DAI stablecoins.

    Native Token – MAKER

    MKR is MakerDAO’s and Maker Protocol’s native token. It is used for voting and governance. Holders can vote on a variety of protocol changes. The following are some of the topics on which people can vote:

    • DAI Savings Rate: Users can save money on their DAI and gain prizes. They have the ability to alter the savings rate.
    • Oracles
    • Platform upgrade
    • Changes to risk parameters
    • New collateral asset types
    • The amount of DAI in circulation is controlled by the burning and issuance of MKR tokens that represent DAI.

    Price Movement

    At the time of writing, MKR is being traded at the price of $2,254 with a decrease of almost 7% in the last 24 hours. MKR is a really strong token fundamentally. The maximum and minimum today are $2,238 and $2,249 respectively. The daily trading volume has increased by almost 10%. MKR had created its ATH in March 2021 and reached a price of almost $6348. Even after the reversal, the coin still hasn’t been able to recover from the damage and is trading at the price it had around July.

    MKR has a circulating supply of almost 987K coins and a maximum supply of almost 1M. It is listed on coinmarketcap at rank 60th. It can be exchanged on Binance, FTX, Huobi Global.

    Price Prediction – Maker (MKR)

    According to wallet investor thinks that MKR is a good investment. According to them, in one year, MKR would be worth around $4,590. In a five-year time span, the price is expected to reach a value of $13,432.

  • WAVES – What is the Chart Showing Us?

    WAVES – What is the Chart Showing Us?

    At the time of writing WAVES is being traded at the rate of $15.93 with an increase of almost 3% within the last 24 hours.

    The low within this tenure was around $14.93 and the high was approximately $15.95. 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.

    WAVES made its all-time high in the month of May 2021 where it reached an enormous amount of $41.86. At the moment it has a daily volume of $95,849,064 with a decrease of about 22.32% within the last 24 hours. The circulating supply of WAVES is now around 107M and the maximum supply is also 107M. WAVES has a dominance of 0.08%.

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

    Technical Analysis – WAVES

    The coin has one of the cleanest charts. It can be seen that as long as the price was bullish and in the uptrend, it carried onwards and mitigated two times a lower position. The price had bounced back from this level and went on to create a new high.

    WAVES - 1D

    After it failed to hold the next level, it dropped down and went into a downtrend. Now we can see that before all this (it can be seen at the start of the chart) that the price had created an order block that is present way before. This daily order block has remained unmitigated till now.

    Now what can be seen is that the price of WAVES showed a reversal and bounced without touching the order block. This movement was short-lived and the price is once again coming down. We can expect the price to touch the order block. From there a possible long can be taken depending on the overall market conditions.

    Price Prediction

    The coin had achieved a huge value of $41.86 before the crash. Unfortunately, it hasn’t been able to recover from the damage. 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, WAVES is a good investment. The price of the coin is to reach a value of $34.327 in a year. In five years, the price is expected to reach around $108.579.

  • BORA – Where is the Price Going?

    BORA – Where is the Price Going?

    The native token of BORA Ecosystem is BORA.

    At the time of writing BORA is being traded at the rate of $1.02 with an increase of almost 4.19% within the last 24 hours.

    The low within this tenure was around $0.9471 and the high was approximately $1.05. The coin as being in the watchlist of many traders makes it rank all the way up to number 96th according to the latest data released by coin market cap.

    BORA during the month of November approached a near All-time High around the price of $1.55. The trading volume today on the other hand has increased by almost 66.68%.

    The top exchanges for trading BORA are currently Upbit, Coinone, Bithumb

    Technical Analysis –  BORA

    The coin a few days ago had a really large candle that took it to a new high. After the creation of the new high, the price failed to create a new higher high and ultimately broke the structure. The price then went to do a descending creation. The price went to mitigate a new higher high. From there it went to touch to zone and is going down as the price failed to hold the zone.

    It can be seen that when the price went upwards and printed the green candle, it left an imbalance in the price. Now this imbalance has been unmitigated for a long time.

    BORA - 1D

    Now the price has no reason to go upwards, as it has failed to hold the zone. There are two reasons that can drive the price of BORA downwards. First is the imbalance present in the candle that needs to be filled. The second is the presence of liquidity that hasn’t been grabbed till now. These two reasons, can drive the price downwards and mitigate the level.

    After this mitigation, the price can become stable from where it can shoot upwards. This place can be a place for a possible long to be taken that can result in good profits.

    Price Prediction

    BORA has been one of the highly bullish coins in the market. In just a few months we have seen a massive increase in the price of BORA. According to wallet investor, the price of BORA is to reach a value of $1.617 in a year. In five years, the price is expected to reach a value of $4.058.

  • Tron (TRX) –  What is the Chart Showing Us?

    Tron (TRX) –  What is the Chart Showing Us?

    At the time of writing, TRX is being traded at the price of $0.07789. The price of the coin has decreased by almost 6% in the past 24 hours. The maximum and minimum of the day are around $0.08131 and $0.07557. The daily trading volume has on the other hand has increased by almost 52% in one day. TRX is listed on coinmarketcap at the 25th spot according to market capital and has a market dominance of about 0.36%.

    TRX before the crash had achieved its all-time high around the price of $0.18 in April 2021. During the crash, TRX created a bottom and dropped down to $0.04637 in June. Just like many other coins, the coin showed reversal but the reversal wasn’t strong enough to lead the coin to the new ATH. It is still way below its ATH value.

    TRX has a total supply of around 101B tokens and has nearly all of them in the circulation i.ie around 101B. TRX can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.

    Technical Analysis – Tron (TRX)

    Tron (TRX) at one point had been printing higher highs. After it failed to create a new higher high, the price broke the structure and the fall started.

    It can be seen that after the drop, the price of TRX started to make lower highs and lower lows. The price was respecting the trend line all the time. On the daily time frame, the price wicked down and quickly closed above.

    TRX - 1D

    Now, this wick down created the structural low. This low has remained unmitigated for a long time. Now the price is moving down to touch that level once again. Once it does, we can expect a long from there. The price can then shoot upwards and touch the imbalance left above. At that point, we can expect a reaction from the market, and most probably we can drop down and continue the downwards trend.

    Price Prediction – Tron (TRX)

    Tron(TRX) has been one of the highly bullish coins in the market. According to wallet investor, TRX in one year is expected to reach a value of $0.146. In five years, it is expected to touch $0.4097. This shows that TRX has a huge amount of potential in it and would give amazing returns to the people who would hold it.

  • Curve Dao Token (CRV) – Where will it move Now?

    Curve Dao Token (CRV) – Where will it move Now?

    According to coinmarketcap, the total supply of CRV is around 1.35B CRV and around 437M of the CRV are in circulation at the moment. It holds the 69th rank according to market cap and has a market dominance of about 0.213%.

    At the time of writing, CRV is being traded at the price of $4.25 with an increase of almost 5% in the last 24 hours. The maximum and minimum today are $4.29 and $3.79 respectively. The daily trading volume has also increased by almost 45%. CRV had created its ATH in November 2021 and reached a price of almost $6.339. The price during the crash dropped down to a price of almost $1.057 in the month of July 2021. Overall the price is moving to higher highs. In November, we saw an increase of almost 13.5%. This month, we have seen a decrease of almost 21.5%.

    Technical Analysis – Curve Dao Token (CRV)

    It can be seen on the daily time frame, that the price of CRV had been printing red candles for the past two days. Before the new higher low and the lower low, the price was in a descending channel. The price did a fake-out and broke upwards but it couldn’t support itself and the price dropped.

    CRV - 1D

    CRV went on to create a new lower low and that broke back into the channel. During this, the price had created an order block that remained unmitigated for a long time. This level got touched two days ago and CRV had a reaction from this price.

    Now there is no reason for the price of CRV to go up and we can expect the drop now. Lower time frame confirmations should be taken into consideration to have a cleaner entry in the price. It can be a long if the price gets rejected from the trend line.

    Price Prediction – Curve Dao Token (CRV)

    CRV is a good investment and is going to provide great returns. Wallet investor considers it to be a really good investment as well. According to them, in a year the price is expected to reach a value of $15.544. In five years the price is expected to reach a value of $6.398. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before CRV moves up to create a new ATH.

  • What is 1inch Network (1inch)

    What is 1inch Network (1inch)

    In the blockchain world, 1inch is one of the most extensively used networks. The 1inch first protocol is a decentralized exchange (DEX) that searches the blockchain for the best feasible paths to deliver the highest exchange rates and lucrative chances to its customers. 1inch employs a pathfinder algorithm that searches over 60 different locations across Ethereum, Binance, Arbitrum, and Polygon.

    1inch Liquidity Protocol is an AMM (automated market maker) that gives its consumers a number of options. Flexible order limits, trailing stop losses, dynamic pricing, and conditional orders are just a few of the features available. 1inch has a plethora of options for its users. 1inch also has a wallet that allows users to make secure transactions and stake their coins.

    Price Movement 

    Before the crash in July, the coin was being traded at the price of $7.875. It later fell down to the price of $1.618. It quickly moved upwards and tried to test its ATH around the price of $7.730 in November. At the time of writing this article, The 1inch Network is being traded at a price of $2.34. The price has almost decreased by 5% today. On the monthly time frame, we have seen a decrease of almost 35%. It is still very far away from its ATH.

    The Total volume at the moment is $66,783,012 with a decrease of 8.60% in the past 24 hours. The coin is listed on coinmarketcap on the 88th spot and has a market dominance of about 0.05%.

    The coin has a finite supply, the total supply of the coin is around 1.5B while the circulating supply is around 421M.

    Price Prediction – 1inch Network (1INCH )

    In the long run, it is a highly good opportunity. According to the wallet investor, the price of the coin is to reach a value of $559.20 in a year. For a five-year plan, the price will reach a value of $1770. The way the price of 1INCH  has grown, the traders are even more bullish on the value and they think that it will reach even more.

  • Chiliz (CHZ), Changing the Entertainment Industry

    Chiliz (CHZ), Changing the Entertainment Industry

    The most basic of concepts have the most potential for spreading. Consider this: some of the world’s most powerful corporations were founded on the most basic of concepts that might have easily been accomplished with a little effort. Chiliz (CHZ) is one of those possibilities. It hasn’t taken flight yet, but it is still in its infancy.

    Chiliz was conceived in 2018 with the intention of incorporating blockchain technology to enable fans around the world with a way to engage with their favorite sports teams as well as a new way for sports organizations to monetize their worldwide fan bases. This is the transformation that is taking place in the sports sector thanks to digital assets known as Fan Tokens, which are fungible digital assets created on the Chiliz blockchain and available on the website socios.com.

    Chiliz’s utility token, CHZ, is an ERC-20 token on the Ethereum blockchain and a BEP-2 token on the Binance Smart chain. To involve team supporters more personally, the website socios.com employs a sort of tokenized voting. In polls, VIP awards, unique promos, AR-enabled features, chat forums, games, and competitions, Fan Tokens can be used to vote, and they can participate in global leader boards.

    The website socios.com was founded in late 2019. The first Fan Token was for Juventus F.C., the most famous Italian soccer club. Following that, several more prominent soccer clubs, including Paris-Saint-German, Atletico de Madrid, A.S Roma, F.C Barcelona, and many others, entered the competition. But it’s not only soccer; F1 teams, the UFC, and the NBA have all partnered with Chiliz.

    Price Movement – Chiliz (CHZ)

    At the time of writing CHZ is being traded at the price of $0.2712. The price decreased by almost 7% in the last 24 hours. CHZ is a really strong token fundamentally. The maximum and minimum today are $0.2949 and $0.2689 respectively. The daily trading volume has decreased by almost 23.61%. CHZ had created its ATH in March 2021 and reached a price of almost $0.9441. Even after the reversal, CHZ still hasn’t been able to recover from the damage>Still it is being traded at the price it had around May.

    CHZ has a circulating supply of almost 85.95B coins and a maximum supply of almost 8.88B. It is listed on coinmarketcap at rank 74. It can be exchanged on Binance, FTX, Gatie.io.

    Price Prediction – Chiliz (CHZ)

    According to wallet investor thinks that CHZ is a good investment. According to them, in one year, CHZ would be worth around $0.638. In a five-year time span, the price is expected to reach a value of $2.009.

  • What is Elrond (EGLD) and How Good Is it

    What is Elrond (EGLD) and How Good Is it

    The blockchains that offer lower fees, faster speeds, and more security are the ones that will take off. The Elrond protocol is a blockchain that uses sharding to enable rapid transaction speeds. As they explain themselves, they are the new internet’s ecology. They are the platform for decentralized finances, Fintech, and the Internet of Things. Their smart contracts, according to a report, can do 15,000 transactions per second for a cost of $0.001. Elrond (EGLD) was announced in August of 2019, and its mainnet launched in July of the following year.

    How is Elrond (EGLD) Different?

    There are nearly 2,169 validators in the Elrond ecosystem. The validators are divided into four shards. Execution shards are three, and Metachain is one. The execution shards can handle 5,400 transactions per second and maybe ramp up if demand increases.

    Elrond is offering developers incentives to encourage adoption by paying them 30% of the smart contract price.

    Price Movement Elrond

    Before the crash in July, Egld was being traded at the price of $245. It later fell down to the price of $53.41. It quickly moved upwards and created a new ATH around the price of $544 in November. At the time of writing this article, The Elrond (EGLD) is being traded at a price of $264.92. The price has almost decreased by 21% today. On the monthly time frame, we have seen a decrease of almost 30%. It is still very far away from its ATH.

    The Total volume at the moment is $613,928,422 with an increase of 52.88% in the past 24 hours. The coin is listed on coinmarketcap on the 29th spot and has a market dominance of about 0.24%.

    Egld has a finite supply, with a starting point of 20 million tokens, and additional tokens are created to reward validators.

    Price Prediction – Elrond (EGLD)

    In the long run, It is a highly good opportunity. According to the wallet investor, the price of EGLD is to reach a value of $559.20 in a year. For a five-year plan, the price will reach a value of $1770. The way the price of Egld has grown, the traders are even more bullish on the value and they think that it will reach even more.