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Tag: Crypto

Enjin (ENJ) – The Fight for Metaverse

Enjin (ENJ), the company behind the ENJ coin, is one of the companies attempting to seize the gaming market that has opened up as a result of crypto-networks and non-fungible tokens (NFT). The game, which is based on the Ethereum blockchain, allows players to earn money by playing it. The hours that were “materially lost” on recreational activities can now be transformed into profit using this method.

NFTs can be manufactured and sold using Enjin. This is accomplished by ENJ, which provides a social game platform. The NFTs acquired in the game can be saved in the vaults using this platform. Developers can use the platform to develop in-game accessories and merchandise. Within the virtual world, these products can be bought, sold, exchanged, or used. Program development kits (SDKs) have been distributed to developers so that they can give the software their own distinct taste and personality.

Enjin (ENJ) has also established the $100 million Efinity Metaverse Fund to formalize support for their ecosystem partners and contribute to the realization of the decentralized Metaverse. Unlike Facebook’s metaverse (which Enjin alleges wants to establish an online dictatorship), the Enjin metaverse will be decentralized. With more and more new partnerships, we can expect ENJN to be huge in the future.

Price Movement – Enjin (ENJ)

Before the crash, the coin had created its All-Time High in April 2021 and reached a price of almost $0 before falling down to a price of $0.735 in the next month. From here the price showed reversal and it wasn’t long before a new ATH was created in November and the price reached $4.845. At the time of writing this article Enjin (ENJ) is being traded at a price of $2.54. The price has almost decreased by 13.98% today. In this month alone the price has decreased by only 27.73% though.

The Total volume at the moment is $385,869,704 with a decrease of 30.91% in the past 24 hours. The coin is listed on coinmarketcap on the 64th spot and has a market dominance of about 0.09%.

Long Term Price Prediction – Enjin (ENJ)

Wallet Investor thinks that ENJ is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year ENJ will reach a value of $4.59. In a five-year plan, the price is expected to reach a value of $12.648. Traders think that it would soon reach the expected values in a much less time

December 7, 2021
Immutable X (IMX) – The Price Dropped almost 20%

At the time of writing this article, IMX has a value of $4.611 (21.38% decrease today) with a trading volume of $78,999,649 with a decrease of about 6.49% over the past 24 hours. It has been of the top losers today among the top 100 cryptocurrencies.

IMX is listed on coinmarketcap in 95th place. It has a market dominance of about 0.04%. IMX had created its all-time high around the price of $9.49 in November 2021. This month has been bearish for the price and we have seen a decrease of about 44.80% in December. In November we saw an increase of about 5100%.

The maximum supply of IMX is around 2B while the current circulating supply is around 188M coins.

Technical Analysis – Immutable X (IMX)

After the drop of Bitcoin (BTC) drop from the 50k range to the $42. The price of altcoins has been severely decreased and they have taken a hit.

IMX is one of the coins that has suffered damage to the price for the past few days. The price of IMX has broken structure and is now falling down to create a lower low.

The level to watch at this point is around $3. This is where an order block has been created. This was created after the price rallied upwards and eventually broke the previous structure. If the price drops to this level we can expect a long from there while taking into account lower time frame confirmations.

It should be noticed that the whole momentous candle at the beginning is very inefficient and as a result, we can expect a wick down to the middle to mitigate the level. This would in fact be a very healthy movement for the price.

If the price of Bitcoin (BTC) doesn’t mess up here, we can expect the price to rally upwards from the order block level. If it drops more to the early 40s we can expect the price of IMX to drop as well and mitigate the inefficient candle at the start.

Price Prediction – Immutable X

According to wallet investors, IMX is one of the most successful investments in the market. According to their predictions, IMX is expected to reach a value of $85.546 in a time span of one year. For a five-year plan, the price is expected to reach a value of $394.635.

December 7, 2021
Cosmos (ATOM) declines 15.38% today – What Now?

At the time of writing ATOM is being traded at the rate of $25.91 with a decrease of 15.38% within the last 24 hours.

The low within this tenure was around $25.84 and the high was approximately $31.27. The coin as being in the watchlist of many traders makes it rank all the way up to number 30th according to the latest data released by coin market cap.

ATOM made its all-time high in the month of September 2021 where it reached an enormous amount of $44.80. At the moment it has a daily volume of $841,821,852 with an increase of 122.96% within the last 24 hours. The circulating supply of the coin is now around 225M and the maximum supply is 283M. ATOM has a dominance of 0.26%.

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

Technical Analysis – Cosmos

Cosmos (ATOM) has been one of the most highly bullish coins in the market. The fundamentals are super strong for this which would eventually lead the price in the three digits.

ATOM has broken down the structure and is falling now. The price when broke down started to make a double bottom. The candle today is highly momentous and we have seen a solid increase of 20% in the price up till now.

Now there are two possible price movements. The price when it dropped down created an order block which can drive the price upwards (which it has).

Now ATOM can touch the order block. When it does we should be on the lookout for additional confluences. If the price becomes stable above this level, we can expect it to increase in price and reach new heights. If the price rejects from this level we can look for a possible short that will lead us to below the last lower low.

Price Prediction – Cosmos (ATOM)

In the long run, ATOM is a highly good opportunity. In August ATOM was being traded at the price of around $12 and now it has nearly tripled. According to the wallet investor, the price of ATOM is to reach a value of $50.504 in a year. For a five-year plan, the price will reach a value of $143.553. The way the price of ATOM has grown, the traders are even more bullish on the value and they think that it will reach even more.

December 4, 2021
Stellar (XLM) – What is the Chart Showing Us?

At the time of writing XLM is being traded at the price of $0.2801. The price of XLM has decreased by almost 22.35% in the past 24 hours. The maximum and minimum of the day are around $0.3634 and $0.3213. The daily trading volume has also increased by almost 123.91% in one day. XLM is listed on coinmarketcap at 24th spot according to market capital and has a market dominance of about 0.33%.

XLM before the crash had achieved its all-time high around the price of $0.7985 in May 2021. During the crash, XLM created a bottom and dropped down to $0.1985. As compared to other coins XLM has been one of the slow gainers but it is still comparatively closer to the bottom than the ATH.

XLM has a total supply of around 50B tokens and has a circulating supply of around 24.6B coins. XLM can be traded at a lot of different exchanges such as Binance, crypto.com, OKEx, Huobi with different trading pairs.

Technical Analysis – Stellar (XLM)

On the daily time frame, we can see that the price has found strong support. The price has bounced from this level at many points. This level came into existence after the price broke the structure. This level is now crucial for the price to hold.

Now the price is on its way to going for a higher high. XLM is still above this level. Now there are two possible movements for the price.

One possible movement is that the price would move on to create a higher high and this would retain the bullish structure of the price.

The other price movement would be the price to break this level. If it breaks, this would open another range for the price to move in. This can result in the price dropping down to the lower order block which hasn’t been mitigated up till now. If the price drops here, we can look for possible longs, if it holds this level, and depending on the LTF confirmations to have a clean entry in the market. The first target would be the upper order block.

Price Prediction – Stellar

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 $0.565. In five years, it is expected to touch $1.5195.

December 4, 2021
UNUS SED LEO – Where to Now?

According to coinmarketcap, the total supply of LEO is around 985M LEO and the circulating supply is around 953M LEO. It holds the 52nd rank according to market cap and has a market dominance of about 0.13%.

At the time of writing LEO is being traded at the price of $3.24 with a decrease of almost 7.76% in the last 24 hours. LEO is a really strong token fundamentally. The maximum and minimum today are $3.55 and $3.28 respectively. The daily trading volume has decreased by almost 11.96%. LEO had created its ATH in May 2021 and reached a price of almost $4.03. The price later dropped down to a price of almost $2.060. Since then the price started moving upwards and has been on the same trajectory since then. The past two months have been bullish. In October, we saw an increase of about 12.62% and in November, it was around 4.63%.

Technical Analysis – UNUS SED LEO (LEO)

LEO a few days back was dropping and printing lower low. Soon after, the price had a reversal. During this reversal, the price showed an impulsive move upwards. This move created an order block that remain unmitigated. The price increased continuously for a few days with good momentous candles. Soon after that, the price went into consolidation.

It can be seen that the order block was unmitigated for a long period of time. A few days after the consolidation, the price dropped down and mitigated the order block. Within a few days, the price was back in the range and consolidating again.

Soon after the price has broken out of the consolidation zone. Now we can expect the price to rise up and then drop down to mitigate the middle level of the consolidation zone. After that, we can expect the price to rise again. Possible longs can be taken from this point. Invalidation of this case would be price dropping down and closing below to show a possible fakeout.

Price Prediction – UNUS SED LEO (LEO)

According to wallet investors, LEO is a good investment and is providing a great return. According to them, LEO is supposed to reach the value of $39.060 in a single year and in five years the price is expected to reach a value of $99.607. But people who trade are quite optimistic about the price and think that it would reach quite a high value.

December 4, 2021
Casper (CSPR) gains almost 12% Today

At the time of writing this article, CSPR, the native token of Casper, has a value of $0.2114 (12.07% increase today) with a trading volume of $79,919,044 with an increase of about 3.63% over the past 24 hours. It has been of the top gainers today among the top 100 cryptocurrencies.

CSPR is listed on coinmarketcap in 149th place. It has a market dominance of about 0.02%. CSPR had created its all-time high around the price of $66.44 in May 2021. During the crash, the price dropped down to a level of $0.05 from where it showed reversal. The price is still increasing but it would be quite long before CSPR can touch a dollar.

The maximum supply of CSPR is around 10B while the current circulating supply is around 2.76B coins.

Technical Analysis – Casper (CSPR)

On the monthly time frame, the price is dropping and we have seen a decrease of 7.52% this month. But considering the fact that CSPR gained 88.96% in the past month is remarkable.

On the daily time frame, we can see that the price has been printing higher highs on the daily time frame. It was following an ascending channel. It had been rejected two times from the channel but is still on the channel.

After breaking the structural shift, the price left an order block that has still been unmitigated to date. Now the price is losing steam and momentum.

There are two possible outcomes as to what the price may do now. If the price drops to the channel but gets bounced back, we can expect the price to rise up again. If CSPR drops down and fails to hold the level, we can expect the price to drop down and touch the order block present below.

A confluence to the movement is the Fibonacci Retracement tool. The 0.786 and 0.618 zone is also present in the same area where the order block is present. From here, lower time confirmations should be taken into consideration to look for possible longs at that position. But this move will only be taken into consideration if CSPR fails to hold the level and drops down.

Price Prediction – Casper (CSPR)

According to the wallet investor, it is expected to reach the value of $0.0080 in a year. This means that according to their calculations and prediction Casper (CSPR) isn’t a good investment.

December 4, 2021
What is CELO – Phone Payment System

People utilize several apps to send money to one another, and these apps have made the users’ lives easier. Instead of physically going somewhere, even if it’s to the bank. These apps have made transmitting money as simple as a few mouse clicks. The nature of these applications is that they are centralized. They are becoming increasingly popular because of their simple and inviting user interface. What if we brought this project into the blockchain world? (Here, Celo enters the chat here).

Celo makes it simple to transact using your phone. Celo provides the benefits of blockchain to ordinary people by using the same concept of money transfer. This allows for increased security, secure transfer, and transactions. It hosts smart contracts and decentralized applications (dApps) that allow users to immerse themselves in the decentralized environment. Whereas most wallet addresses include an average of 42 letters that are practically impossible to remember, Celo uses your phone number as a wallet address, allowing you to use the network on the go without having to search for addresses.

The ecosystem is supported by their native token CELO for the network transactions gas fee as well as for the governance votes. CELO’s stablecoin CUSDT has a direct impact on its pricing. CELO’s price fluctuates in such a way that the stablecoin stays at $1.

Price Movement – CELO

At the time of writing it is being traded at the price of $5.06 with an increase of almost 5.51% in the last 24 hours. It is a really strong token fundamentally. The maximum and minimum today are $5.12 and $4.76 respectively. The daily trading volume has also increased by almost 33.33%. It had created its ATH in August 2021 and reached a price of almost $10.975. The price later dropped down to a price of $3.786 and the monthly candle closed there. The price has been bearish on higher time frames and we saw a decrease of about 17.35% in the month of November. This month the price has lost about 1.09%.

Price Prediction

CELO is a really strong token. We can expect growth in the price in the future. According to wallet investor, CELO is expected to reach a value of around $7.553 in a year and is expected to reach a value of $18.069 in five years. The traders are optimistic that it would be worth much more in the future.

December 4, 2021
Monero (XMR) – Enabling Anonymous Transactions

Blockchains are thought to be anonymous, but are they? Yes, the transactions are quick and secure, but are they anonymous? No, it isn’t entirely true. Both the sender’s and receiver’s addresses are displayed, as well as information on the amount. These addresses can be traced back to their owners using modern forensics techniques. However, some people object to so much information being posted on the internet. Monero (XMR) is a cryptocurrency that solves this problem.

Monero (XMR) is a cryptocurrency that enables anonymous transactions. Unlike other blockchains that display transaction data such as wallet addresses and transaction amounts, Monero hides everything. This has given Monero (XMR) an advantage over other currencies like Zcash, which has multiple varieties of anonymous transactions.

Monero (XMR) employs a variety of security features to ensure that transactions remain totally anonymous. It generates stealth addresses, uses previous transactions as a decoy, and generates random chunks to ensure that everything happens in the correct order.

Monero (XMR) has begun to be utilized for illegitimate and unlawful transactions as a result of this amazing piece of technology. It has been found that XMR is being used to do dealings on the dark web. It has become one of the most popular destinations for those who utilize and provide illegal services. As a result, there have been a slew of different bounties to crack the encryption.

Price Movement – Monero (XMR)

The coin had created its All-Time High in May 2021 and reached a price of almost $519.1 before falling down to a price of $180 in the next month. From here the price showed reversal. At the time of writing this article Monero (XMR) is being traded at a price of $241.71. The price has almost increased by 3.93% today. In this month alone the price has increased by only 1.01% though.

The Total volume at the moment is $203,498,129 with an increase of 3.70% in the past 24 hours. The coin is listed on coinmarketcap on the 43rd spot and has a market dominance of about 0.17%.

Long Term Price Prediction – Monero

Wallet Investor thinks that XMR is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year XMR will reach a value of $386.381. In a five-year plan, the price is expected to reach a value of $971.252. Traders think that it would soon reach the expected values in much less time.

December 4, 2021
What is Livepeer (LPT)?
The Livepeer (LPT) project intends to create a fully decentralized, highly scalable, and crypto-token incentivized live streaming platform. Its goal is to become a centralized broadcasting alternative. The goal is to provide a fully decentralized P2P solution, in which nodes donate their own processing and bandwidth in the service of streaming live video, making it more open and scalable because the number of connections that may be serviced is unlimited.

How does it work?
1. Any recording equipment is used to capture the video.
2. The video will then be converted into a common playable format by running it across the protocol’s network. The users in charge of the nodes will be rewarded with fees paid in ETH by the broadcaster, as well as the opportunity to improve their reputation through the protocol token and gain the privilege to conduct more work in the future.
3. Any user can request to view the stream, and it will be delivered to them in near-real time.
The Livepeer Token (LPT) is the network’s protocol token. It is not, however, a medium of exchange token. Broadcasters will use Ethereum’s ETH to display their videos on the network. Fees from broadcasters are paid to nodes that help with processing and bandwidth. The LPT, on the other hand, is a staking token. Participants that want to work on the network must stake LPT in order to organize and manage how different movies are distributed over the network, as well as to ensure that the job is done honestly and correctly.

Price Movement – Livepeer (LPT)

At the time of writing, LPT is being traded at the price of $53.6 with an increase of almost 1.48% in the last 24 hours. LPT is a really strong token fundamentally. The maximum and minimum today are $59.91 and $52.75 respectively. The daily trading volume has also increased by almost 130.74%. LPT had created its ATH in November 2021 and reached a price of almost $101.80. The price later dropped down to a price of $52.04 and the monthly candle closed there. The price has been bullish on higher time frames and we saw an increase of about 83.95% in the month of November. This month the price has gained about 3.19%.

Price Prediction – Livepeer

LPT is a really strong token. We can expect growth in the price in the future. According to wallet investor, LPT is expected to reach a value of around $83.59 in a year and is expected to reach a value of $195.950 in five years. The traders are optimistic that it would be worth much more in the future.
December 2, 2021
What is Miota (IOTA)? – Feeless Transactions

IOTA might be thought of as the next phase in cryptocurrency. This is because it is a distributed ledger and cannot be considered a blockchain. This implies that there are no miners and any fees to the blockchain. This makes them faster than other blockchains. The objective IOTA is to conceive a platform that can become the network for IoT transactions between devices.

As Sønstebø wrote in his blog:

“IOTA should not be considered an alternative coin (altcoin) to existing cryptocurrencies such as Bitcoin, rather it is an extension of the growing blockchain ecosystem. It’s meant to work in synergy with these other platforms to form cohesion and symbiotic relationships. IOTA is designed to provide one solution that no other crypto does: efficient, secure, lightweight, real-time micro-transactions without fees.”

IOTA allows feeless transactions which they call Machine Economy. Where many projects are run as businesses, IOTA says that they are not in for profit. They say that they have the sole purpose of making the MIOTA network prosperous.

There are 2.7 quadrillion tokens and all of them are in circulation.

Price Movement – Miota (IOTA)

The coin had created its All-Time High in April 2021 and reached a price of almost $2.6 before falling down to a price of $0.57 and closing there. From here the price showed reversal. At the time of writing this article, IOTA is being traded at a price of $1.46. The price has almost increased by 3.87% today. In this month alone the price has increased by only 0.97% though.

The Total volume at the moment is $130,799,280 with an increase of 42.14% in the past 24 hours. The coin is listed on coinmarketcap on the 46th spot and has a market dominance of about 0.16%.

Long Term Price Prediction – Miota (IOTA)

Wallet Investor thinks that the coin is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year IOTA will reach a value of $2.290. In a five-year plan, the price is expected to reach a value of $5.289.

December 2, 2021