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Crptaldash

ChainLink gaining 300% while Bitcoin is crashing>>> “Thumbs up” and “Likes” are always appreciated! <<< Introduction to Chainlink Chainlink is a decentralized oracle network. Decentralized oracles connect and access smart contracts to any external, off-chain data data in a trust-less way. It's accompanied by following the rules of a protocol that incentivizes all nodes to tell the truth and punishes them for lying. Chainlink is considered to be one of the top blockchain technologies which provides highly secure and reliable oracles. Introduction to Wanchain Wanchain has set out to change and improve the way the world does financial transactions. It aims to track digital currency transactions on different ledgers. Partnership On the November 10, Wanchain announced about the integration and partnership with Chainlink. The implementation of Chainlink oracle, that is currently in Beta, will bring access to information typically stored off-chain such as payment gateways (VISA, PayPal), data feeds for any sort of information. The most common concepts where oracles can be integrated are: 1. Prediction Markets 2. Crowdfunding 3. Finance 4. Insurance 5. Identity 6. Gambling The possibilities for this technology are very broad; from simple things like random number generation to a very complex and sophisticated processes. Certainly, the oracle solution would increase reliability, transparency, and interoperability to many institutions. Why Chainlink? Wanchain chose to work with Chainlink over other oracle providers for several reasons. First, Chainlink is running a decentralized network of oracles which creates an ecosystem providing safety and reliability. Also, as Wanchain seeks to create an exceptional experience for developers looking to build cross-chain applications, Chainlink is the perfect fit as it is known for being easy to use, safe and reliable. Also, while Wanchain seeks to make it a developer friendly platform which is open for cross-chain application. The goal is to be able to interconnect different blockchains and traditional financial world. This makes integration with Chainlink extremely beneficial for both parties. Market reaction Disregarding the crash of the Bitcoin, ChainLink price remained very stable. In fact, since July, LINK/USD has been on a steady rise, gaining 300% over the USD. It is one of the very few coins where the uptrend has been so stable. Nevertheless, several days after the announcement of the partnership with Wanchain, LINK has reached the resistance at $0.64, that is 61.8% Fibonacci level. The rejection has been very clean, suggesting an upcoming downside correction. Risk Therefore, as long as resistance is holding price should go through a correctional or a consolidation phase. It could result in a price decline towards: First support: $0.41 (78.6% Fibs) Second support: $0.27 (88.6% Fibs) Third support: $0.16 (Previous low) Potential On the upside, if the resistance will be taken out, more gains might come as a result. Resistance levels to watch are: First resistance: $0.8 Second resistance: $0.96 (or $1 psychological level) Third resistance: $1.16 Summary All-in-all, fundamental news could have already been already fully reflected on the price as resistance is being rejected. But break above, would imply a much bigger growth potential for the ChainLink. >>> Don’t forget to push the “Like” <<<
BINANCE:LINKUSD
by CryptalDash
NEO dApps popping up, while GAS price is dropping.New projects popping up on NEO blockchain are great news for the GAS token holders The GAS is a fuel of the NEO blockchain; a currency used to pay for utilizing NEO protocol resources. Projects built on top of NEO blockchain will have to use GAS and at the same time GAS can be earned simply by keeping NEO coins in the wallet. By holding, or in other words staking NEO, passive income will be earned. There are many new dApps are being built on top of NEO blockchain, which should drive the demand for the GAS. For example there are few startups worth mentioning, like NEX, Switcheo, Red Pulse and so on. More on NEO dApps can be found here: ndapp.org With the huge potential for demand, the price of GAS is also likely to increase in the long run. Dapps built on top of the NEO blockchain are yet to prove their real world usage, and if/when they will become commercially accepted, NEO along with the GAS token have a good chance to rise above all-time highs. Currently, as the entire cryptocurrency space is struggling, the price of GAS has also been moving down. Back in January 2018, GAS has been traded at btc 0.007, and in August it hit the low at btc 0.0006. This is a huge 91.5% drop,that took only 8 months. Will GAS/BTC recover at any time? Certainly it should be expected in the coming month, but at this stage it is not clear when and how strong the recovery will be. Back on the 14th of August, GAS reached th low at btc 0.00066, where it rejected the 427.2% Fibonacci support level, of the Fibs applied to the corrective wave up after the uptrend trendline breakout. At the same time, new Fibonacci time zone cycle has started and price went up from btc 0.00066 up to the 0.00120 resistance, but failed to break above. Nevertheless, the 200 Moving Average and the RSI downtrend trendline were broken, suggesting the upside growth. The next Fibonacci cycle starting on the 13th of October, which is just 3 days to go. At that stage the trade volume might increase, resulting in breaking above or below the trading rage, established between btc 0.00066 support and 0.00120 resistance. As the RSI is holding the uptrend trendline, break above the 200 Moving Average could be the signal on another wave up. But price breaks belwo the btc 0.00066 support, GAS/BTC could decline towards the next support level, at 0.00013. This could be the bottom of the GAS downtrend, as first signs of the trend reversal are there. Formation of the “higher highs and higher lows” pattern should help to confirm the reversal, while break below the support could have a negative impact on the price..
by CryptalDash
Stellar breaks above, but then drops on StellarX announcement.On the 28 September 2018, Stellar has launched the zero-fee cryptocurrency exchange StellarX, which was announced by StellarX co-founder Christian in his Medium post. Let’s look a little into the “zero-fee” claim. In reality, StellarX charges 0.00001 XSL per transaction. However, these fees are being refunded to users once a week, that makes a “zero-fee” claim true. Another important factor is that the exchange is absolutely transparent and all the activity is on StellarX is on-chain, meaning that everyone has access to this information. This is a huge step forward made by the Stellar, and considering growing list of partnership and real world use cases, there must be room for growth of the XML coin. From the beginning of the year, Stellar has formed a triangle pattern, rejecting the uptrend and the downtrend trendline multiple times. And on the 20th of September, price broke above the downtrend trendline and above the 38.2% Fibonacci resistance near 4k satoshis. However, the breakout didn’t result in further growth, but quite the opposite. Taking a look at the price action during the StellarX announcement, XLM/BTC was trading near 4k satoshis resistance level. After several days of inactivity, price went further down, reaching a 3250 satoshis low, where the downtrend trendline was rejected. Considering this price action, it is reasonable to say that the scenario of the “buy the rumors sell the news” was definitely the case. Perhaps nowadays it’s a normal reaction by the market, but the question is what should be expected from XSL now. StellarX platform seems to be a very good move by Stellar team, and in the long term should result in the price increase of XLM coin. But in a short to medium term, it might consolidate between the 3.2k support and 4k resistance levels. Still, the chances that the price will increase are very high, especially after price and the RSI oscillator broke above the downtrend trendline, and bounced off the trendline afterwards. Obviously 4k satoshis level must be watched for a breakout, after which further uptrend towards 4.7k to be expected. And finally, if Stellar breaks above 5k, it could be the confirmation of the long term uptrend. Now on the downside, XLM/BTC potentially could get lower, down to the 2.9 - 3.2k satoshis support area, prior to move up. But, break and close below the 2.9k will likely trigger sell orders, pushing price down to the next support near 2.5k satoshis. Support: 1. 0.00003200 2. 0.00002920 3. 0.00002650 4. 0.00002500 Resistance: 1. 0.00003910 2. 0.00004790 3. 0.00005010
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by CryptalDash