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Ctxc

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
🎆CTXC- In accumulation (macro view)The price has been moving sideways for almost 3 months now, and got rejected from 0.24 level multiple times. It's easy to notice, that the current price action is very similar to accumulation that had place in October-November 2020. Just like in the past, the price is soon going to get squeezed between the dynamic support and horizontal resistance (0.24), and will be forced to go lower or higher from here. It wouldn't be surprise if the price broke down to test the lower trendline of the channel (yellow line) -just like it did last year- before a big move up. Is history about to repeat itself? We'll see what happens. --------------------------------- About CTXC: Cortex is a decentralized and independent AI system using the blockchain technology. The objective of Cortex is to provide modern machine-learning models. Users can create these models via smart contracts found on the Cortex blockchain. Cortex also has a machine-learning platform that allows the users to post tasks on the platform and submit artificial intelligence decentralized applications (AI dapps). Source: cryptowisser
Long
by V0VOLAN
7
Cortex (CTXC) formed bullish Gartley for upto 340% huge profitHi dear patrons, hope you are well, and welcome to the new update on Cortex (CTXC). At the moment we are at the start of buying zone and there is a distance of 33% from the stop loss, but i think this trade has the potential to produce a big profit after such a perfect Gartley formation. On the 2-week time frame chart, CTXC has formed Gartley pattern. Buy and sell targets: Buy between: $0.2065 to $0.1400 Sell between: $0.4104 to $0.6261 Stop loss: The maximum extent of buying zone to $0.1400 can be used as stop loss. Possible profit and loss ratio: As per the above targets, this trade has a small profit possibility of up to 340%, and big loss possibility is 33% Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333