Litecoin Ripping After Moneygram AdoptionLitecoin has rallied tremendously, breaking through to the $60 handle. It had been meandering around in the $50's for months. A few attempts at the $60's were quickly thwarted, however, and we will see if Litecoin can hold these higher levels. The Moneygram news seems to be what spurred this rally. Adoption is one of the most important aspects for this coin in particular, which has been struggling to remain relevant on Coinmarketcap. We are currently meeting resistance from $64.37, but $61.75 is providing support. If support gives out, then we could retrace the entire move back to $55.84. If we can keep the momentum going, then $66.94 is the next target.
Blockchian
Ethereum Pulls Back to the Base of the $1300'sAs predicted yesterday, $1341 was too heavy for Ethereum and it retraced back to support at $1288. Red triangles on the KRI confirmed that resistance at $1341 was prohibitive and we fell back to safer levels, confirming the range Ethereu has held for past month or so (aside from that dip to the $1100). The Kovach OBV is pretty flat, suggesting that we need more momentum to come through either way before we are able to break out from $1341 or test lows. We expect $1235 to hold as a lower bound for now.
Bitcoin holds on to the $20K'sBitcoin has edged higher, hugging the $20K level. We have broken just above this level but are still a bit far from $20.7K, a technical level Bitcoin has tested many times over the past few months. The Kovach OBV is very bearish, but does appear to be leveling off. We must first break $20.7K before testing higher levels the next of which would be $22.4K. If we reject current levels we should find support at $18.6K which we expect to be a floor price for now.
Bitcoin Struggles with the $20K'sBitcoin has stabilized in the low $20K's, seemingly unfazed by dollar strength and a bearish stock market. We have been testing $20.7K, but green triangles on the KRI are confirming support. We are seeing little buying interest and cannot even muster the strength to test the next level at $22.4K. In particular, $21.6K seems to be a barrier for now. If we break down, there is a vacuum zone below to $18.6K. If we can rally, we have to break $22.4K before considering higher levels.
Solana 2021 end of year price speculationGiven that Solana is a fairly new and not even a year old blockchain we need to look at the amazing benefits it brings to the crypto world. One of these is a whopping 50,000 transactions per second beating every competitor hands down. Ethereum handles 15-25 transactions per second, Ripple with 1700 TPS, Bitcoin 4.6 transactions per second, EOS claims 50,000 transactions per second but not sure. Also, Solana's average fee per transaction is 0.00005 with global validators now at 689 and growing. You also have an impressive Solana ecosystem with great platforms like Binance, USDC, Crypto.com, Exodus and Atomic, Band Protocol, Bitfinex, Tether, Chainlink, Kin, Ledger, and the list goes on and on. I use Solana wallets and it amazes me how lightning fast the transactions are. I mean it literally sends my Kin the instant I press the send button it confirms and deposits instantly.
solana.com
It is clear that Solana will be a huge competitor to Ethereum, Tezoz, Cardano, and other similar platforms. I am thinking that with such a low circulating supply with Solana of only 267,460,091 SOL, we could see a serious higher price at the end of this year.
My end of year price points for Solana: $900, $2,000 & $3,000
ARBKF (ARGO BLOCKCHAIN) Crypto Mining
Cryptocurrency mining is the process of verifying transactions and adding new blocks to a blockchain ledger. Each new block of transactions has a complex mathematical hash function associated with it that requires significant computing power to solve. The miner who solves the function first receives a Bitcoin reward for supporting the network and adding a new block to the blockchain. A higher mining hashrate corresponds to increased mining success.Propelling the Future
of Blockchain
We are the only cryptocurrency mining company listed on the London Stock Exchange.
Argo is a publicly-traded blockchain technology company focused on large-scale cryptocurrency mining. Join us to invest in the future of money.
LEARN ABOUT ARGO
Argo is a publicly traded company on the main market of the London Stock Exchange (LSE).
The Power of
Blockchain
Verification & Security
Blockchains operate on decentralized networks of users around the world and transactions are secured by complex, cryptographic code. Each transaction undergoes a verification process. This verification protects users from the risk of fraud at every stage of the transaction, even after a transaction is complete. Once a transaction is added to a blockchain it cannot be reversed.
Transparent Smart Contract Fulfillment
Smart contracts allow any two parties to execute a binding agreement without the need for a third party. Transactions can be made with complete transparency and security, protecting both parties throughout the entire process. Smart contracts possess enormous potential to revolutionize the way we exchange goods, services, and information throughout the global economy.
Ease of Transactions
Blockchains offer secure, fast, and cheap transactions for people around the world. This has broad implications for the way money and goods are exchanged throughout our economy. From eCommerce to p2p transfers and global payments, the blockchain processes transactions without requiring people to have to rely on a financial institution or other third-party organization.
Reduced Barriers in Emerging Markets
Blockchain technology bypasses many of the limitations of our traditional financial system. Privately held institutions are privy to corruption, especially in developing economies. Blockchain provides an avenue for people in emerging markets to gain access to stable currencies, fast and secure transactions, and enter the global market without bureaucratic hurdles.
31MW
Active Mining Power (megawatts)
Argo’s energy-efficient mining facilities are located in North America.
787PH
SHA-256 Hashrate
This capacity ranks in the top-tier of global mining operations, around 0.6% of the world’s Bitcoin mining network hashrate.
280MS
Equihash Rate
Equihash is the algorithm used to mine ZCash, a popular alt-coin. 280ms is approx 5% of total worldwide ZEC hash power.
What We Do > Our Facilities
Argo mines from established jurisdictions at state-of-the-art facilities in North America. Argo has allocated its resources in search of adaptable and highly efficient data centres. The combination of inexpensive hydropower from North America and the best machines on the market has allowed Argo to continue to be profitable, even throughout cryptocurrency downtimes.
Ownership:Leased
Energy Source:Majority Hydroelectric
Power Capacity:35 MW
Coins Mined:Bitcoin, Zcash
Baie ComeauGatineau
R&D plays an important role in the company’s ongoing innovation and mining operations. In early 2018, the Gatineau facility oversaw the creation of Argo’s initial GPU mining systems and continues to support ongoing technical developments.
Baie Comeau is a 40,000 square foot state-of-the-art facility in Northern Quebec
Mirabel
Mirabel is a 20,000 square foot facility with 5MW of capacity. As Argo’s first large-scale facility, it continues to significantly contribute to ongoing mining operations.Argo Blockchain plc is incorporated under the laws of England and Wales under CA 2006. The Company, registered number 11097258, is subject to the City Code.
Argo Blockchain plc shares are traded on the London Stock Exchange Main Market.
The Argo Blockchain plc ticker code is ARB.
As of today’s date, the total issued share capital of the Company is 309,040,997 ordinary shares of £0.001 each.
No securities are held as treasury shares. There are no restrictions on the transfer of shares.Argo Blockchain plc is incorporated under the laws of England and Wales under CA 2006. The Company, registered number 11097258, is subject to the City Code.
First Investments Holding Ltd Ordinary Shares: 41,100,000 % of Share Capital: 13.99%
Hadron Capital Ordinary Shares: 13,548,000 % of Share Capital: 4.61%
Trium Capital Ordinary Shares: 9,750,000 % of Share Capital: 3.32%
Ironport Blockchain Financial Inc. Ordinary Shares: 9,000,000 % of Share Capital: 3.06%
Peter Wall Ordinary Shares: 570,000 % of Share Capital: 0.19%