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NZDUSD (New Zealand Dollar/U.S. Dollar) Currencies Analysis Fundamentals: NZD/USD remains on track to negate the head-and-shoulders formation from earlier this year after defending the March low (0.6943), but failure to push above the March high (0.7307) may keep the exchange rate within a defined range as the key reversal pattern unravels. The recent advance in NZD/USD looks to have sputtered ahead of the Federal Reserve interest rate decision as it pulls back from a fresh monthly high (0.7269), but more of the same from the Federal Open Market Committee (FOMC) may do little to derail the appreciation in the exchange rate as the central bank relies on its non-standard tools to achieve its policy targets. It seems as though Chairman Jerome Powell and Co. will retain the current course for monetary policy after updating the Summary of Economic Projections (SEP) at the March meeting as the central bank aims to “achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time.” The outcome based approach for monetary policy suggests the FOMC will stay on track to “increase our holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month” as the central bank anticipates a transitory rise in inflation to occur in 2021, and the committee may endorse a dovish forward guidance throughout the first half of the year as Fed officials are slated to update the SEP at the next quarterly meeting in June. In turn, the decline from the yearly high (0.7465) may turn out to be a correction in the broader trend rather than a key reversal as NZD/USD trades back above the neckline, and the appreciation in the exchange rate may continue to coincide with the renewed tilt in retail sentiment as the crowding behavior from 2020 resurfaces. The IG Client Sentiment report shows 37.18% of traders are currently net-long NZD/USD, with the ratio of traders short to long standing at 1.69 to 1. The number of traders net-long is 1.54% higher than yesterday and 2.94% lower from last week, while the number of traders net-short is 5.91% lower than yesterday and 12.34% higher from last week. The decline in net-long position comes as NZD/USD pulls back from a fresh monthly high (0.7269), while the IG Client Sentiment index still holds around 1.69 as 35.58% of traders were net-long the pair last week. With that said, the decline from the yearly high (0.7465) may turn out to be a correction in the broader trend rather than a key reversal as the crowding behavior from 2020 resurfaces, but need a move above the March high(0.7307) to negate the head-and-shoulders formation as it largely lines up with the right-shoulder. Technical Analysis: there exist a Hidden Bullish Divergence of Price and MACD which is the sign of Bullish Trend Continuation and we are Targeting the Parallels legs of Fibonacci Projection of the Impulsive wave and its retracement to the Fibonacci Retracement Golden zone.
Long
by BitonGroup
JST (JUST) Token Analysis 29/04/2021This is an Update of our Past Publication which we are currently holding Tokens and Future Position: www.tradingview.com Fundamentals: JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable. The platform launched in August 2020 following an initial exchange offering ( IEO ) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform ( JST ) has been circulating since May 2020. It is a two-token ecosystem built around the USDJ and JUST ( JST ) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio. To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON ( TRX ), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position ( CDP ). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral. The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access. Unlike most other DeFi platforms, JUST isn’t just looking to offer a single product that offers utility to a small subset of DeFi users. Instead, it’s attempting to build an entire suite of products that cover a range of DeFi use cases, forming the foundations of a complete DeFi ecosystem on TRON. As of January 2021, the JUST ecosystem consists of five distinct products, all of which are designed to interoperate and provide additional utility to users. These are: JustStable: JUST’s flagship decentralized multi-collateral stablecoin platform. JustLend: A TRON-powered money market protocol that allows users to add liquidity to lending pools and take out low-interest cryptocurrency loans. JustSwap: An automated market maker ( AMM ) platform used for trustless TRC-20 token swaps and the creation of permissionless liquidity pools. JustLink: The first decentralized oracle system for the TRON network — used to securely supply smart contracts with real-world data. Cross-chain tokens: Assets from other blockchains, including Bitcoin ( BTC ), Ethereum (ETH) and Litecoin (LTC), that have been tokenized on TRON and can be used within the JUST ecosystem. As a TRC-20 token, the JUST Network is secured by the underlying TRON blockchain. Unlike other platforms that use the energy-intensive proof-of-work (POW) consensus mechanism to maintain the integrity of the blockchain and ward off potential attacks, TRON uses the energy-efficient delegated-proof-of-stake (dPOS) system. This sees TRON ( TRX ) token holders elect super representatives tasked with generating blocks and packaging transactions. Together, the 27 super representatives are responsible for keeping the network secure. The JUST ecosystem is managed by the JUST Foundation, which includes individuals from Alibaba, Tencent, IBM and "other world-class internet companies," while JUST's financial analysis team hails from "several global investment banks" according to the project website. Some of the most prominent individuals include Terance F (a blockchain expert and ex-Barclays and IBM employee), Elvis Zhang (a senior developer and experienced blockchain researcher), C Wu (a specialist in wallets and exchanges) and GL Kong (an experienced blockchain engineer and early crypto adopter). As of January 2021, a total of 2.26 billion JST is in circulation, out of a maximum supply of 9.9 billion. This represents 23% of the maximum supply. These tokens are earned by depositing, lending, and providing liquidity on the JUST Network or by completing several other actions — such as by participating in special campaigns. According to the original IEO on Poloniex, the full JST token supply is distributed as follows: Seed Sale: 11% Public Sale (LaunchBase Allocation): 4% Strategic Partnerships: 26% Team: 19% Airdrop (Only for TRX Holders): 10% Ecosystem: 30% Further information about the allocation of JST tokens, including the specifics of the vesting period for the JUST team and its inflation rate is currently unknown. However, it is known that all team tokens will be fully vested by April 2022. The full names and profiles of much of the JUST team is not public. However, it appears that the project shares some overlap with the TRON development team, since the platform was announced by TRON CEO and founder Justin Sun, and has received technical and financial support from TRON. The live JUST price today is $0.123214 USD with a 24-hour trading volume of $162,872,178 USD. JUST is down 0.22% in the last 24 hours. The current CoinMarketCap ranking is #176, with a live market cap of $278,504,761 USD. It has a circulating supply of 2,260,326,706 JST coins and a max. supply of 9,900,000,000 JST coins. Technical Analysis: The Token has done its Initialization and accumulation phase and currently is in the retracement of the past Bullish impulsions, we can see there exist a Hidden Bullish Divergence of Price with MACD Histogram which is the sign of Bullish Trend Cpntinuation we have updated the Targets with New Low 3 Point of the Fibonacci Projection and Defined 4 New Targets where the 1 TP is the ATH, 4 TP gets its Confirmation as the price Triggers The 3 TP followed bye some Price Correction and Retracement
Long
by BitonGroup
2
NZDCAD (New Zealand Dollar/Canadian Dollar) Currencies Analysis This symbol represents the New Zealand Dollar - Canadian Dollar cross pair. These two currencies are both categorized as commodity currencies. Canada is primarily associated with oil and lumber, conducting significant trade with the United States. New Zealand is more associated with agricultural commodities and exports dairy and meat products to Australia and China Technical Analysis: as you can see there exist a Hidden Bullish Divergence (HBD) after A Regular Bullish Divergence (RBD) which has Reversed the Bearish Trend to a Rally. The Hidden Bullish Divergence is the, confirmation of the Bullish Trend Continuation. The Second Confirmation is the 161.8% of the Fibonacci projection has been Triggered so the Price shall Minimum Touch the 261.8% of the same Fibonacci Projection according the Fibonacci Projection Laws. there exist Few support Areas down Bellow of the same bullish trend which are the Specified in the chart.
Long
by BitonGroup
2
CHFJPY (Swiss Franc/Japanese Yen) Currencies Analysis 18/04/2021Fundamentals: The Japanese and Swiss economies share some fundamental characteristics. Both nations have few natural resources and both must import energy needs. Both nations are export economies and both nations are sensitive to currency exchange rates with major trading partners. In fact, the health of both national economies depends on export price stability. Last, but not least, the Yen and the Franc are both considered safe haven currencies. So it stands to reason that the central banks of both nations would have similar goals. However, for reasons which are baffling most economists including Bank of Japan Governor, the Japanese Yen continues to strengthen against the currencies of its major trading partners. It’s important to note here that Japan and Switzerland engage in very little bilateral trade. About 0.56% of Japanese exports are destined for Switzerland and about 2.3% of Swiss exports are destined for Japan. So it may be assumed that the central bank policy of one, is not a major concern of the other. Technical Analysis: The price has reached a Distribution Zone were it has chances to retrace or else if this zone gets well filled and Reaccumulation take place then we can see how the Price Jumps to the Specified Targets there are total of 2 Targets Defined by the Fibonacci Projection of the initial Impulsive wave.
by BitonGroup
6
XVG (Verge) Coin Analysis 13/04/2021We have analyzed this Coin earlier and allotted it some funds. We are updating the Publication as we have achieved the 1 and 2 Targets. Fundamentals: Verge is a privacy-focused cryptocurrency and blockchain that seeks to offer a fast, efficient, decentralized payments network that improves upon the original Bitcoin (BTC) blockchain. It includes additional privacy features including integrating the anonymity network Tor into its wallet, called vergePay, and providing the option of sending transactions to stealth addresses. The project describes itself as community-driven, relying on volunteers and priding itself on being open source. Verge was first launched in October 2014 as DogeCoinDark, a fork of Peercoin (PPC). In February 2016, it was renamed Verge in order to rebrand for easier mass-market adoption and to distinguish itself from Dogecoin (DOGE), with which it has no direct connection. The project is now based on the Bitcoin source code. According to its "blackpaper," Verge was created as a way to fulfill Bitcoin founder Satoshi Nakamoto's vision of a decentralized, trustless electronic payment system while also providing more privacy than is available with Bitcoin. In order to accomplish this goal, Verge relies on a series of key privacy features. It automatically routes all traffic to and from its vergePay wallet through the Tor network, anonymizing the traffic and masking IP addresses. It also offers dual-key stealth addressing, through which senders can create one-time wallet addresses on behalf of recipients to help protect the recipients' privacy, as well as using atomic swaps to power trustless peer-to-peer cross-blockchain transactions. Verge seeks mainstream adoption, and as such, the Verge Core team pursues strategic partnerships to increase its awareness and use. It sponsors professional athletes and has partnered with platforms such as payments and rewards ecosystem MobiePay, crypto payments platform and ATM provider MeconCash, and blockchain-based online gambling platform Crazy8Token, among others. The Verge Core team often relies on crowdfunding and community support to be able to scale, market and pursue partnerships. In April 2018, the project raised 75 million XVG (approximately $7 million at the time) to cover the costs of integrating with a major payments processor. The Verge network is secured through a proof-of-work consensus algorithm similar to that of Bitcoin, on which Verge's code is based. At least 51% of all full nodes in the network must agree that a transaction is valid in order for it to be added to the blockchain, and new blocks are created through the mining process, in which users compete among one another to solve complex, energy-intensive problems. However, unlike Bitcoin, Verge supports five different mining algorithms. According to the development team, this makes the network more secure, as more people are able to participate in the mining process. In April 2018, Verge suffered an attack on its network that used an exploit related to the Scrypt mining algorithm to instamine a reported 20 million XVG. In response, the project initiated a hard fork to patch the issue. While it was widely referred to as a 51% attack, founder and lead developer Valo denied this, saying it was actually a timewarp attack, which involves manipulating block timestamps in order to reduce mining difficulty. Verge was launched in 2016 by Justin Valo, also known as "Justin Vendetta" or "Sunerok," a developer with over 20 years of experience in network security and nearly a decade in blockchain technology. He first developed the cryptocurrency as a fun passion project to empower individuals around the world with a greater sense of privacy. Valo has stated that he has been programming since the age of 8 and became involved in network administration after high school, working for a Fortune 500 company. After a few years, he decided to start his own network security company. Valo first became interested in Bitcoin in 2011, later getting involved with Dogecoin after its late 2013 launch. He began working on Verge because he believed that none of the altcoins being developed at the time were adequately functional as digital currencies and that the only other serious privacy coin projects --- Bytecoin (BCN) and Monero (XMR) --- were not sufficient. In 2017, Valo was appointed to the advisory board of TokenPay (TPAY), a privacy-focused cryptocurrency. The total maximum supply of Verge is capped at 16.5 billion XVG. According to Verge, the supply cap is intentionally high as a way to ensure that the value of each individual token remains low, allowing users to avoid fractional payments. It also makes it more difficult for any one individual to take control of a large number of XVG in order to manipulate markets. The cryptocurrency did not have an initial coin offering, nor was there any premining of tokens. As such, the Verge development team has said it does not hold a significant amount of XVG. Rather, all currently circulating XVG was introduced through the Verge blockchain's proof-of-work mining process, which is multialgorithmic and supports Scrypt, X17, Lyra2rev2, Myr-groestl and Blake2s. Verge undergoes a periodic halving event that reduces the amount of XVG miners receive as a block reward by 50%. Under the current emission schedule, rewards are halved every 500,000 blocks. The live Verge price today is $0.040469 USD with a 24-hour trading volume of $45,038,151 USD. Verge is down 1.66% in the last 24 hours. The current CoinMarketCap ranking is #119, with a live market cap of $665,498,401 USD. The top exchanges for trading in Verge are currently Binance, Huobi Global, HitBTC, MXC.COM, and Gate.io. Technical Analysis: the Coin has done its Initialization and Accumulation phases and showed some Impulsion, currently it may have some Distributions, which leads the price to some correction and retracements. Using Fibonacci Retracement Levels, we can define Support areas where as, if the Immediate support Stands it can Shoot the Price directly to the 3 TP which is the Confluences of Fibonacci Expansion -161.8% and Fibonacci Projection of 261.8%. The other Support levels is the Fibonacci Golden Zone, where the Price may show some Support and bounces to the higher levels and Force it to continue its rally. 78.6% of Fibonacci Retracement is the Last Support where we are counting on, but we believe the Price may not reach that extent, as the overall sentiment of the market is Bullish but it is not Impossible to see some shadows or even consolidation and reaccumulation there. There are total of 4 Targets define, 1 to 3 Targets are defined by Fibonacci Projection of the Initial Impulsive wave. 2 and 3 Targets are having Confluences with the Fibonacci expansions of -127% and -161.8%. 4 TP is the Resistance area which got defined by Price Action Analysis. we may have many Distribution and Reaccumulation Phases on the Move Up, which is a healthy sign of any Asset or Coin. so be open to the retracements along the way to the Targets.
Long
by BitonGroup
21
CTXC (Cortex) Coin Analysis 13/04/2021Fundamentals: Cortex is an open-source, peer-to-peer, decentralized blockchain platform that supports Artificial Intelligence (AI) models to be uploaded and executed on the distributed network. Cortex provides an open-source AI platform to achieve AI democratization where models can be integrated easily in smart contracts and create AI-enable decentralized applications (DApps). Cortex is built on a new public chain called Cortex. The chain includes AI algorithms that support smart contracts, which means anyone can use Cortex to add AI to their smart contracts. It also creates an incentive mechanism for collective collaboration, allowing anyone to submit and optimize models in Cortex, while model contributors can also be rewarded. The end result of Cortex, according to the whitepaper, is the creation of “artificial general intelligence”, or AGI, “being born on the Cortex”. Cortex completed a private token sale in February/March 2018 for its CTXC tokens. That funding round was led by Bitmain and FBG Capital, among other well-known investors in the cryptocurrency space. Placing artificial intelligence systems on the blockchain isn’t a straightforward process. However, Cortex will solve this problem by allowing machine learning researchers around the world to upload well-trained corresponding data models to the storage layer of the Cortex public chain. Other users who need these AI models can make inferences using the models, then pay the person who developed those models. At each inference, a full node synchronizes the model and the data from the storage tier to the local site. Making an inference using Cortex’s unique virtual machine, or CVM, will synchronize the results to the whole network and then return the result. Every time a user initiates a transaction on the Cortex, opens a smart contract, or performs an intelligence inference, the user will need to pay a certain number of “Endorphin” tokens. Endorphin is the pricing unit for transactions on Cortex. However, the platform will have two tokens, including Endorphins and Cortex Coins (CTXC). The overall goal of Cortex is to provide state-of-the-art machine learning models on the blockchain where users can infer using smart contracts. Cortex also seeks to create a machine learning platform where users can post tasks on the platform or submit artificial intelligence-based decentralized apps. Cortex’s token sale began with a single private placement round. That round took place from February 7 to March 7, 2018, during which tokens were sold at a price of 1 ETH = 1500 CTXC. In March 2018, the company announced that it had reached its target cap of 40,000 ETH for 60 million CTXC, or 20.01% of the total token distribution. FBG Capital and Bitmain were lead investors during the token sale. CTXC tokens are ERC20 tokens on the Ethereum blockchain. There’s a total supply of 299,792,458 tokens. Of the total supply, 50.03% (150 million) are reserved for Cortex coin miners as a mining reward, 24.95% (74,792,458) are dedicated to the project’s foundation from the genesis block (including 15.01% to the Cortex Lab, 9.01% to project marketing, and 0.93% to challenge bounties), with the remaining 5% going to advisors, academia, and the community from the genesis block. Cortex aims to place advanced artificial intelligence systems on the blockchain. The company recently completed a private investment round during its token sale for CTXC tokens in February/March 2018. The next step is to roll out the Cortex public chain. Key features of the platform include its smart AI contracts and its Cortex Virtual Machine, both of which allow for advanced AI-based smart contract programming. Technical Analysis: The Coin has done Multiple Accumulation Post its Initialization Phase followed by an impulsive cycle and currently Retracing to the Fibonacci retracement Golden Zone Levels for Some Consolidation and Reaccumulation before starting its new impulsive cycle. It has a Support Area at 0.24 USD where the Price Can/May fall and and if the Support Stands, the Price will Start its new Rally and Impulsive cycle. there are total of 3 Targets Defined by Fibonacci Projection of the Previous Impulsive wave, where as we have the 1 and 2 Targets very much Confirmed, as the price has earlier Triggered the 161.8% (Extension) Level of the Fibonacci Projection.
Long
by BitonGroup
14
COCOS (Cocos-BCX) Token Analysis 12/04/2021Fundamentals: The platform for the next generation of digital game economy Cocos-BCX' , fully named 'Cocos Blockchain Expedition', aims to create an integrated multi-platform runtime environment for games, providing developers with the convenience and completeness in game development, while bringing users a whole new gaming experience, unprecedented gaming status, and with all the assets obtained in the games being wholly owned by the users. It introduce the concepts and implementations of Cocos BlockChain Expedition (“Cocos-BCX” or the “Platform”), a platform for the development, operation and management of decentralized applications (“DApps”) and the circulation of in-app assets (“dAssets”) on blockchain. The Platform includes: (1) A development framework that supports multiple operating systems and blockchains. (2) A data-driven IDE for dApps that is fully scripted and component-based. And (3) A blockchain system and essential functional components for high performance applications based on the improved Graphene technology framework (“CocosChain”). Cocos-BCX enables developers to program, debug and release blockchain-based dApps and hybrid applications. Meanwhile, the platform integrates a blockchain-based distributed ledger system, crypto wallet system and digital assets circulation platform, allowing the permanent off-chain storage and cross-chain use of in-app assets It is from the needs of developers and users in game industry that we started to design the initial version of the project, since the game is one of the earliest and largest field for blockchain application. The technology, products, economic system design and use cases discussed in this whitepaper are based on the application scenario of game. their Mission: To Assetize the Content of the Digital World, Building A Consistent Value System between the Producers and the Consumers. Funder: CHEN Haozhi Strategic Investors: Following institutional investors are involved in investment of Cocos-BCX, including: NGC, Binance Lab, INBlockchain, Dfund, 500Startups, BlockVC, OK Blockchain Capital, Yisu Capital Grand Shores Fund, ONTology, FreeS FUND, NODE Capital, Consensus Capital, Hash Capital, NEO Capital, Ticker Capital, Contract Capital, Junwu Capital, Candy Capital, Hofan Adventure Capital, BMETA Capital, BYTE Capital, Minjie Capital, InsurFun, BA Capital, Consensus Lab, TOKENMANIA and BYZANTIUM Capital, etc. Most of those investors are tier-one institutions with powerful strength. The live Cocos-BCX price today is $1.28 USD with a 24-hour trading volume of $4,474,825 USD. Cocos-BCX is down 3.26% in the last 24 hours. The current CoinMarketCap ranking is #576, with a live market cap of $53,743,399 USD. It has a circulating supply of 42,015,868 COCOS coins and a max. supply of 100,000,000 COCOS coins. Technical Analysis: the price is consolidating and Accumulating at the Fibonacci Golden zone which is the sign of initialization of the new cycle and new impulsive wave. there total of 3 Targets Specified by Fibonacci projection where as the 3 Target is getting its confirmation as the price Triggers the 2 TP followed by some price correction.
CLong
by BitonGroup
3
AXS (Axie Infinity) Token Analysis 10/04/2021Fundamentals: Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace. The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent. Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move. This produces essentially endless variety among Axies, with most Axies having relatively weak statistics, while those with the strongest combination of body parts can have incredible stats. Unlike some other blockchain-based battling and breeding games, each Axie can only be bred a total of seven times to help control the population of Axies. Axie Infinity has its own mating hub to help players find a suitable match to breed their Axie with to stand the best chance at producing a rare or powerful offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to breed Axies. AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards. The Axie Infinity (AXS) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. In early 2021, Axie Infinity plans to migrate its NFT tokens, including Axies, Land and other in-game item tokens from the Loom Network to a custom-built sidechain on Ethereum known as Ronin. Ronin is an application-specific sidechain built just for Axie Infinity. It is being developed by Sky Mavis — the development firm behind the Axie Infinity game, and is designed to support almost instant transaction confirmations, reduced gas fees and be capable of helping Axie Infinity scale. Axie Infinity was created in 2018 by Sky Mavis — a technology-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen. Trung Nguyen is the current CEO of the platform. Nguyen graduated with a BS in computer software engineering, and worked as a software engineer at Anduin Transactions prior to founding Axie Infinity. Former competitive gamer Aleksander Larsen is also credited as a co-founder and COO of the platform. Larsen has been working in blockchain gaming since 2017. He previously worked as the executive security officer for the Norwegian Government Security Organization and still sits as Secretary of the Board of Directors at the Blockchain Game Alliance. In total, the Axie Infinity team consists of 25 full-time employees — many of whom have experience with game development. Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens were in circulation as of mid-November 2020. In total, 11% of the total supply was allocated to participants in the Binance Launchpad IEO sale and 4% was sold in a private sale. In addition to this, 29% is allocated for staking rewards, 20% to the play to earn pool, 21% to the team, 7% to advisors and 8% to the ecosystem fund. Based on the current release schedule, as indicated by Binance Research, 100% of AXS tokens will be circulating by early 2026. The live Axie Infinity price today is $8.01 USD with a 24-hour trading volume of $114,628,092 USD. Axie Infinity is up 4.00% in the last 24 hours. The current CoinMarketCap ranking is #233, with a live market cap of $346,569,629 USD. It has a circulating supply of 43,253,284 AXS coins and a max. supply of 270,000,000 AXS coins. The top exchanges for trading in Axie Infinity are currently Binance, Upbit, Huobi Global, FTX, and ZT. As of mid-November 2020, Axie Infinity (AXS) is only available to trade on a single exchange platform: Binance. It is listed with four trading pairs: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB. Though there are no direct fiat purchase options for AXS, see our guide to purchasing Bitcoin (BTC) with fiat — which can then be exchanged to AXS on supported exchanges. Technical Analysis: As we can see the price has done its accumulation phase and currently completing its impulsive cycles. as we can see we have defined the Fibonacci Golden zone where it has lots of confluences with the past distribution zones and it can be a good zone for the reaccumulating phase of the new impulsive wave. we have defined 3 Targets by Fibonacci Projection, where as the 2 TP gets its confirmation as soon as the price triggers the 1 Target followed by some price consolidation and correction.
Long
by BitonGroup
16
SENSEX (S&P BSE Sensex) Index Analysis 07/04/2021as earlier we had predicted an other impulsive wave for better shorting position and we shorted it at 50363 Fundamentals: as we know the system is Forcing the Covid-19 Vaccination to the public so it requires to reshut the country for showing it some seriousness and let the Culprit capitalists gets more capitalize and some Retail Section to loos on some positions. we are facing another lockdown and it will effect the economy and it stimulate the market to make some retracements. Technical Analysis: now we are getting our Bearish Divergence with MACDs confirmation with the Head Fall of the Bullish rally and retest of the immediate Support we can now specify 4 Targets by Fibonacci Retracement. these 4 Targets are having strong confluences with the certain levels in Price Action analysis. we can target the 3 TP as soon as we the 2TP gets Trigged followed by some retracement and Distribution
BSE:SENSEXShort
by BitonGroup
4
NEO (Neo) Coin Analysis 03/04/2021Fundamentals: Neo bills itself as a “rapidly growing and developing” ecosystem that has the goal of becoming the foundation for the next generation of the internet — a new economy where digitized payments, identities and assets come together. Initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later. As well as creating a worldwide community of developers who create new infrastructure for the network and lower barriers to entry, the team behind this project operate an EcoBoost initiative that’s designed to encourage people to build decentralized apps and smart contracts on its blockchain. It’s often been likened to the Chinese version of the Ethereum network. One of the unique selling points of the Neo blockchain concerns its continuous development, which helps ensure that it is futureproof and able to cope with sudden increases in demand. As mentioned earlier, the project has developed Neo 3.0 — enhancing network security and allowing a greater number of transactions per second to be processed. Unlike many other blockchains, this network also has two native tokens: NEO and GAS. While NEO serves as an investment token and allows people to participate in votes concerning improvements to the blockchain, GAS is used to pay fees for the transactions that are being completed on the network. Few other blockchain projects also run a development fund to the extent that Neo does. EcoBoost launched back in 2019, and it was billed as an initiative that provides “full life-cycle support for high-potential projects” — including grants, technical support and promotion on social media. The co-founders of Neo, and its predecessor Antshares, are Da Hongfei and Erik Zhang. Both serve as chairmen of the Neo Foundation, which aims to promote the blockchain’s adoption. Da Hongfei has said that, although the internet is a great invention, it has many flaws — and this means that everyday consumers don’t always have control over their own data. The entrepreneur believes blockchain applications will eventually go mainstream. Erik Zhang was the author of the Delegated Byzantine Fault Tolerance algorithm, which aims to deter untrustworthy participants from taking part in the blockchain’s operation. This technology went on to be used in the Neo blockchain. He also served as the core developer for this network, and is playing an instrumental role in the development of Neo 3.0, the next iteration of the project’s infrastructure. The live Neo price today is $54.15 USD with a 24-hour trading volume of $860,319,548 USD. Neo is up 1.34% in the last 24 hours. The current CoinMarketCap ranking is #37, with a live market cap of $3,819,379,676 USD. It has a circulating supply of 70,538,831 NEO coins and a max. supply of 100,000,000 NEO coins. The top exchanges for trading in Neo are currently Binance, Huobi Global, Upbit, OKEx, and BitForex. Technical Analysis: there exist a Hidden Bullish Divergence with MACD which is the sign of Bullish Trend Continuations. there are total of 3 Targets Defined by Fibonacci Projection, where as they have confluences with the past Supply and Demand levels when it had an impulsion earlier. the 3 Target gets confirmed as the 2 TP gets triggered followed by some Price Correction
Long
by BitonGroup
2
NEAR (NEAR Protocol) Coin Analysis 01/04/2021as we had Analyzed this coin Earlier and Capitalized on it, we are Updating it and taking new Positions... Fundamentals: NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees. NEAR is the native utility token that is used for: Fees for processing transactions and storing data. Running validator nodes on the network via staking NEAR tokens. Used for governance votes to determine how network resources are allocated. NEAR tools include: NEAR SDKs which includes standard data structures and testing tools for Rust and AssemblyScript. Gitpod for NEAR to create a zero time onboarding experience for developers. NEAR Wallet that lets application developers create streamlined user experiences. NEAR Explorer to aid with both debugging of contracts and the understanding of network performance. NEAR Command Line Tools to allow developers to deploy applications from local environments. NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts which interact with a transaction, while the remaining 70% are burned. NEAR Protocol is the brainchild of developers Alex Skidanov and Illia Polosukhin, both of whom have extensive experience in programming. The two met while Skidanov worked at U.S. startup accelerator Y Combinator, and in July 2018 began work on a project which focused on allowing developers to build and release software with less friction. This project became what is now the NEAR Protocol, and employs more than 40 staff, including developers with experience at Google and MemSQL. According to NEAR Protocol’s official website, many of the developers hold prizes and nominations from competitions in coding and related fields, notably the International Collegiate Programming Contest (ICPC). Skidanov himself worked at both MemSQL and Microsoft, while Polosukhin contributed to end-to-end open source machine learning platform TensorFlow and Google Search. Technical Analysis: there exist a Hidden Bullish Divergence with MACD which is the sign of trend continuation and we can also see that the price has done its Accumulation followed by a n up move and currently retracing and correcting it self where the reaccumulation is going on and we can see it has shown the Hidden bullish Divergence with MACD along the process. there total of 3 Targets defined by the Fibonacci Projection where as the 3 TP gets its confirmation as the Price Triggers the 2 TP followed by some Price correction
Long
by BitonGroup
22
SRM (Serum) Coin Analysis 29/03/2021Fundamentals: Serum is a decentralized exchange (DEX) and an ecosystem that brings high speed and low transaction costs to decentralized finance (DeFi). It is permissionless and is built on the Solana blockchain. Serum was created to eliminate the vulnerabilities in the current DeFi space that exist due to incomplete decentralization. It is claimed to be fully decentralized and runs on a non-custodial exchange with cross-chain trading support and no know your customer (KYC) requirements. Solana is a web-scale blockchain that can reach 50,000 transactions per second. This is achieved through a verifiable delay function, known as SHA 265 hash chain, that enables optimistic concurrency control. Serum is developed by the Serum Foundation, which is backed by a group of experts in cryptocurrency, trading and decentralized finance. The project also has backing from a wide number of firms. The SRM is a utility token used on the Serum ecosystem. Its cross-chain swap protocol allows users to exchange assets between blockchains in a trustless manner. Serum offers a decentralized automated full limit order book that provides traders with full control over each order. The full Ethereum and Solana integration makes Serum faster and more efficient while also allowing it to be interoperable with ERC20 tokens. The physically settled cross-chain contracts allow easy margin positions in DeFi on synthetic assets. SerumBTC is a model for creating ERC20- or Solana-based tokens for Bitcoin (BTC) and SerumUSD is a model for creating a decentralized USD-pegged stablecoin. Staking rewards are distributed on the basis of the nodes’ performance, which takes into account important on-chain actions, such as supplying blockchain histories for cross-chain settlement validation. Users can also stake towards another node. A portion of a node’s staking fees goes to the leader and all nodes receive staking results. These rewards increase through productive participation in node duties. SRM is Serum’s governance token that is based on the Solana blockchain and has an ERC20 version. It has cross-chain support that enables the trustless exchange of assets between different blockchains. Serum uses a trustless bridge through a premier validator for distributed ledger technology (DLT). Serum was co-founded by Sam Bankman-Fried. He is also the CEO of the FTX cryptocurrency derivatives exchange and a co-founder of the Alameda Research quantitative trading firm. Bankman-Fried also used to work as the director of development for The Centre for Effective Altruism and as a trader at Jane Street. Bankman-Fried graduated from the Massachusetts Institute of Technology with a bachelor’s degree in physics. Technical Analysis: the price has done its accumulation and now retracing after an impulsive wave, which is a good sign of Bullish trend there total of 3 Targets Specified where as the 3 TP gets Confirmed as the 2 TP gets Triggered followed by some price correction
SLong
by BitonGroup
4
DGB (DigiByte) Coin Analysis 20/03/2021Fundamentals: DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC). A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed. DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions. DigiByte is a modification of Bitcoin which aims to diversify security, speed and capacity possibilities. Its first incarnation was as an open source blockchain and associated cryptocurrency, DGB. The network has five separate algorithms which help to maintain security and help prevent ASIC miners from commandeering too much power. Later, another offering, DigiAssets, appeared, with DGB as its native token. DigiAssets appeals to those developers looking to launch digital assets, decentralized applications (DApps) and encode the necessary corresponding smart contracts. All governance structures for DigiByte are run on a voluntary basis, in line with the thesis that the network should be open source and publicly accessible. Transaction fees in DGB are paid to miners for validating the blockchain. DigiByte was created by Jared Tate, also known as “DigiMan,” who oversaw its metamorphosis from development to its current setup before announcing that he was temporarily retiring from his position in May 2020. Tate has since returned, and as of September 2020 once again appears closely involved with DigiByte’s growth. Tate’s biography states that he was involved with Bitcoin from 2012 onwards, and authored the first book written by a blockchain founder, “Blockchain 2035: The Digital DNA of Internet 3.0.” DigiByte’s operations depend not only on developers, but also the DigiByte Foundation, a volunteer organization tasked with overseeing preservation of the project. A third group of volunteers, the DigiByte Awareness Team, is responsible for marketing and promotional activities. Technical Analysis: Hidden Bullish Divergence with MACD Histogram which is the sign of trend continuation 3TP done By Fibonacci Projection
Long
by BitonGroup
6
WIN (WINK) Token Analysis 19/03/2021Fundamentals: WINk is a gaming platform for users to play socialize and stake across multiple blockchain ecosystems that leverages the WIN token as the native digital asset within the platform. Through behavioral mining innovative token economy design and other incentive mechanisms WINk aims to build an ecosystem that provides a high-quality decentralized gaming experience to enable developers to build dApps that drive genuine adoption and engages users to participate and contribute as active stakeholders in the platform. What is WIN Token? WIN token is a TRC-20 utility token built on the TRON blockchain. Within the WINk platform, WIN is the token used to incentivize active participation from key stakeholders i.e., developers and users. The following is a non-exhaustive list of the token's core use-cases: Earning Win Power: token-holders receive Win Power for staking WIN tokens. Airdrops: token-holders are eligible for WIN airdrops. WinDrop staking: all DApps connected to the gaming platform can share a portion of the winnings with WIN token-holders through its "WinDrop" program. Governance rights: token-holders can influence both the development and direction of the platform through its built-in governance mechanism. Resource burns: token-holders can alleviate transaction costs by staking WIN. Exclusive opportunities and experiences: token-holders are able to participate in exclusive events, such as celebrity poker tournaments or car giveaways. Gameplay bonuses: high-volume players and dApps that serve large user bases receive benefits for each transaction. For instance, benefits may include direct discounts, increased payouts, or accelerated mining rates. Key Features: Developer tools and APIs that allow teams to integrate their projects or create gaming dApps from scratch Development team comprised of veterans from the gaming industry Social features live operations and events Investment and strategic partnership with TRON WinDrop reward mechanism Fiat onramps stablecoins and more DeFi integrations Governance model content discovery engine and ecosystem fund coming soon Curaçao and Costa Rica gaming licenses Technical Analysis: this Token has almost done its initial Accumulation and seems to be on the Move UP phase. The Move UP phase has done many Distribution and Retracement on the way which is the sign of a health Growth we can define Targets with Fibonacci projection we have defined total of 4 Targets which are very much viable
Long
by BitonGroup
8
FEEF Token Analysis 15/04/2021Fundamentals: Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings. Work began on the project in the second half of 2020. Those behind Reef argue that the process of trading, lending and staking crypto is currently fragmented — creating “a painful experience for all of its participants.” Reef aggregates liquidity and provides automation. It also aims to address the drawbacks associated with existing trading platforms. While centralized exchanges are prone to security breaches, decentralized rivals can lack liquidity and are often difficult to use. Reef is geared towards newcomers, as well as current DeFi users who find it difficult to keep up with the best investment strategies. The company also wants to tackle the high gas fees that are seen on the Ethereum blockchain, which some claim renders DeFi protocols “unusable.” When it comes to Reef’s unique attributes, one is linked to how any DeFi protocol can integrate into its operating system. Users can enter and exit into their chosen positions in a single click — and removes some of the hassle associated with managing liquidity pool tokens. Because of how it has been built on Polkadot, Reef is able to support DeFi protocols on Avalanche, Moonbeam and Plasma, as well as on Ethereum and the Binance Smart Chain. As a result, Reef users have access to a broader number of platforms without requiring multiple accounts and a myriad of usernames and passwords that can be difficult to keep track of. Reef was founded by Denko Mancheski. His motivation was to remove technical barriers to entry for retail investors who want to get involved with DeFi — and offer a straightforward decision-making process that takes a user’s appetite for risk into account. Mancheski wanted to help crypto newcomers overcome the complexities associated with using order books, and enable them to learn how different protocols work with ease. Born in Macedonia, Mancheski said that his passion for fintech led to him being introduced to blockchain technology. He has described forming a competent team as the biggest challenge associated with bringing Reef to life. When asked about the personal attributes that will help him become a successful entrepreneur, he added: “I have a very addictive personality — I just can’t stop doing something until I get to the imaginary goal that I set for myself.” Mancheski previously worked as a chief technology officer for Adel, a global crypto community that serves as a “technology incubator for blockchain innovation.” He was also appointed as CTO for Viewly, a social video platform without advertisements. Technical Analysis: there exist a Hidden Bullish Divergence of price and MACD Lines i.e. the bullish trend will continue as it show the ReAccumulation and price move up there total of 4 targets defined by Fibonacci Projection where as we may have ample of Retracement in between on TP we may have Distributions and Price Corrections. 3 TP gest it confirmation as the price Triggers the 2 TP followed by some price correction and Distribution.
RLong
by BitonGroup
16
XTZ (Tezos) Coin Analysis 15/03/2021Fundamentals: Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers. This open-source platform bills itself as “secure, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology. The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later. Although staking is common across blockchains, Tezos has a unique twist on this process. Participants can get involved with the network’s governance through “baking,” where they effectively stake 8,000 XTZ. This creates a financial incentive to act honestly. Bakers are then tasked with voting on proposed changes to the blockchain’s code in a four-step procedure that takes approximately 23 days. Proposals that receive support from the vast majority of participants are put through their paces on a testnet for 48 hours and are fully implemented if they are backed by a super-majority. Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency. Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets. Arthur Breitman was the man who wrote the Tezos white paper — and in a nod to Satoshi Nakamoto, he wrote his works under the pen name L. M. Goodman. He argued that one of Bitcoin’s biggest failings was the lack of a governance process that invited contributions from the community who use the network — as well as the fact that new tokens couldn’t be issued through this blockchain. He and his wife Kathleen founded a startup called Dynamic Ledger Solutions which was tasked with writing the code that would underpin the Tezos protocol. This company was subsequently purchased by the Tezos Foundation to ensure that it owned all of the intellectual property rights relating to the network. Technical Analysis: there exist a Hidden Bullish Divergence with MACD Histogram which is the sign of trend Continuation, there are total of 3 Targets Specified By Fibonacci Projection, where as the 3TP gets its confirmation as the price Triggers the 2 TP followed by Price Correction.
Long
by BitonGroup
6
ZEN (Horizen) Coin Analysis 15/03/2021Fundamentals: Horizen is an interoperable blockchain system, supported by a decentralized node infrastructure. Its sidechain platform focuses on scalable data privacy, and as such enables businesses as well as developers to build private or public blockchains using the unique sidechain technology known as Zendoo. Horizen launched in May of 2017 and strives to ensure data integrity and privacy through enabling real-world use cases. Horizen claims to be completely decentralized, fully customizable with privacy features and supports low costs associated with building blockchains with configurable revenue models and unlimited number of tokens and digital assets. Horizen uses a sidechain architecture that can open up a myriad of potential real-world use cases. This cross-chain transfer protocol allows for decentralized sidechains. These are separate blockchains that are pegged to the parent blockchain that can run simultaneously. Horizen has a mission of empowering people and bringing them closer together through the process of building an inclusive ecosystem where everyone can be rewarded for their contribution. Zendoo is the decentralized and customizable sidechain solution used to overcome current limitations regarding scalability and extensibility in blockchain. It is a parallel platform with enhanced features that enables the deployment of public or private blockchains at scale, and the SDK provides the components required to build a decentralized blockchain. ZEN is the native cryptocurrency for the Horizen ecosystem. The founders of Horizen are Robert Viglione and Rolf Versluis. Robert Viglione is the co-founder and CEO of Horizen Labs, as well as the co-founder and president of the Zen Blockchain Foundation. He is a PhD Candidate of Finance in the University of South Carolina and worked as an operations research analyst at Lanmark Technology. He also worked as an advanced analyst at Tecolote Research and as a project manager at the United States Air Force. Rolf Versluis is the co-founder and executive advisor of Zen Blockchain Foundation. He is an experienced business owner in the IT industry and owns a mid-size mining operation. In the past Rolf worked at Cisco systems, the semiconductor industry, and as a nuclear trained officer in the US Submarine force. Jane Lippencott was a member of founding team and co-author of the original whitepaper. She is now an associate at Winklevoss Capital. She is also a 2021 VC Cohort at All Rise, as well as an advisor at Teller Finance. Jane is also a mentor at the Open Web Collective as well as a mentor at Celo and Katapult Accelerator. She is a contributor at Nakamoto.com. She worked as a mentor at Blockchain for Social Impact Coalition (BSIC), a mentor at dLab and a mentor at Ethereum Classic Labs, an advisor at Unbounded Capital, a mentor at Techstars, and was a member of the Board at Cord. Technical Analysis: as we can see the coin has done its Accumulation phases and now it is on its UP MOVE, we are Longing it on its recent retracement and price correction where it can be presumed as another Reaccumulation phase we are defining 3 targets where as the 3 targets gets Confirm as the price triggers the 2 Target followed by some distribution and price correction.
Long
by BitonGroup
4