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Bullish sentiment for 2022 on High Performance Blockchain (HPB)High Performance Blockchain (HPB) could finally be in a position to realize the potential that many industry experts predicted for the chain back in 2018. The HPB chain is a layer 1, main-net Ethereum EVM-compatible chain, but it's unique feature is that it combines dedicated, custom-developed blockchain hardware, with the Ethereum Virtual Machine (EVM) software. The custom hardware, known as the " Blockchain Offload Engine " (BOE) accelerator card, is in some ways similar to a computer graphics card, only the BOE card was developed from the ground-up by HPB CEO Xiaoming Wang , to specifically run the HPB blockchain network. It is currently the only blockchain the world to fuse hardware and software in this way. The BOE card is what allows HPB to run at 5000tps (transactions per second) when compared to the Ethereum Network which runs at 15tps. In addition, the associated "Gas" fees with the HPB chain are around $0.0001 per transaction, compared to Ethereum's $50 per transaction at certain times of the year. HPB is faster, cheaper and more eco-friendly than Ethereum, utilizing a Proof of Performance (PoP) consensus mechanism, but the real jewel in the crown is the "Hardware Random Number Generator" , referred to as HRNG. The reason people in the industry are becoming so bullish on HPB right now is because many industry experts predict that " GameFi " will be the next big thing in blockchain. Gaming, with connections to blockchain, is estimated to be worth $55 Billion USD in 2022 according to Crypto.com - One of the elements critical to the success of GameFi, is the ability to harness PROVABLE random numbers , which are used to allow games to be completely non-deterministic and unbiased. Up until now, blockchains have typically used "pseudo" random number generators (PRNG) which are flawed. They used a seed value to generate random numbers, and these random numbers are based on mathematical calculations and algorithms. The issue with this type of mechanism, is that if someone knows what the seed algorithm is, then they can ultimately deduce the "random" number derived from it. Quite simply, users could not trust a platform where the random numbers are not truly random. There is room for misuse with this type of pseudo random number generator, and it is part of the reason why games, casinos and lotteries have struggled to make an impact thus far in the blockchain industry. HPB aims to solve this issue with HRNG which is known as a "True" random number generator (TRNG) as instead of deriving random numbers from a software-calculated seed value, it derives its seed value from the BOE accelerator card hardware. TRNG's can only be certified as provably fair if the seed value comes from naturally-occurring phenomena. High Performance Blockchain use their BOE card to monitor tiny micro-voltage fluctuations (down to 0.0001 volt) on the ever-changing power-draw of the BOE card, and then use an analog-to-digital hardware chip to convert those values into a 256-bit hexadecimal string. This constantly-changing string is then used as the seed value to generate truly provable random numbers. Better still, the random numbers can be generated for free by software developers wishing to develop DApps on the HPB chain. Unlike competitor oracle solutions such as Chainlink (LINK) VRF, which can cost up to 0.2 LINK tokens per random number called (approximately $5 in early 2022), the HPB HRNG supplies the provable random numbers at every 6-second block for free. This could revolutionize the blockchain industry, and DApp developers will be looking to take advantage of HPB random numbers as the GameFi sector matures. In addition, HPB are now making strides to provide the necessary developer tool-sets that DApp developers come to expect, and they are also developing a decentralized Random Load-Balanced (RLB) crypto bridge to connect to other EVM chains including Polygon, Binance Smart chain, Avalanche, Fantom, Tron and others. To put some perspective into upside potential of the HPB project, the current MCAP of High Performance Blockchain is £3 Million USD - It is a layer 1 main-net blockchain and the only chain in the world to fuse hardware (BOE card) with software. This is in comparison to a layer 2 sidechain such as Polygon which cannot generate TRNG random numbers on chain, and has a current MCAP of £11 Billion USD - So in effect, HPB would need to 4000x in value to reach parity with a chain that many blockchain technical experts believe to be an inferior chain to HPB. HPB is also running a hackathon competition on DevPost in May, inviting developers from all around the world to come and try out the chain. The HPB Global Telegram community have never been this bullish.
Long
by crypto-market-analyst
3
The recent pullback in SITC share price seems overdone.SITC International Holdings Company Limited (1308). Price 25/3/2022: HKD 27.65 SITC is a US$10 billion market cap transport and logistics company, quoted in Hong Kong, doing business (i.e. shipping goods), from China 39%, South East Asia 31.2% and Japan 24.8%. They have 96 vessels delivering to 74 ports, including ports in Russia. Shipping and logistics companies typically trade at a discount to the general market due to the uncertainties of world trade. The Russian invasion of Ukraine has added to these uncertainties. All companies, shipping companies included, not only have to adhere to the sanctions, but also have to contend with the additional difficulties incurred when dealing in non-sanctioned goods. These include problems with payments for goods (money transfers) and reputation risk. This week's heavy fall in the SITC share price no doubt was triggered by these uncertainties. Given the solid fundamentals of SITC, the fall seems over-done. Good Fundamentals Low Price Earnings ratio (6.47e), High yield (11.3%e), Growing turnover (+78.8% yoy, +19%f). High margin (43% e). Improving analyst forecasts Analysts have been improving their forecasts of the current year(2022) earnings per share (EPS). In September 2021 the forecast was around US$0.37, by December 2021 it was around US$0.40. By the end of February 2022 analysts had increased their forecast EPS to US$0.50. On 7th March 2022, SITC announced its full year 31/12/2021 results showing sales up 78%, and Earnings per share tripled. In the following days analysts raised their forecast of the 2022 EPS to $US0.59. Sound financial situation The financial position seems sound with current assets of $1.18 billion (including cash of $919 million), exceeding current liabilities of $785 million. Long term liabilities are modest at $415 million and are nearly covered by the net current assets. Too cheap Most stocks quoted in Hong Kong are trading at a significant discount to the rest of the world. Whilst the reasons for under-weighting China and Hong Kong are well known, the question is how much discount is too much? With a prospective p/e ratio of 6.47x, a dividend yield in double digits, and solid forecast growth, SITC seems rather cheap. That's why I am buying some shares.
HKEX:1308Long
by Clive_Thompson
New York High and Low Session AnalysisThe above chart and below charts are some analysis on how past New York Session High and Lows have been acting as support and resistance. In the above chart you can see that the New York Session seems to be putting in THREE consecutive higher sessions (shown as 1,2,3) then completes a recovery. The below image is a prediction that if price does drop that it could find support at $37000-$37350 The below image is a predication that if we break the previous New York Highs we could see a move to $40300 before coming back to test support at $39100-$39300. Then upwards to $42380-$42900
by Frien_dd-DisDev
2
Can Bitcoin fall to the All-Time High from 2017?Can Bitcoin fall to the All-Time High from 2017? Adjusted the Bitcoin Investor Tool that current price is in contact to the green bottom line. Measuring the percentage drop from the past 3 times and transfer it to the current price... ...that would make it within the realm of possibility. But what do you think? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BNC:BLX
by Crypto4Everybody
1
The Beast doesn't like MondaysThis one will be short and sweet! The beast Gave $1.30 in longs and just about closed above 85.7 (86) in the first 4hours of Asian session today. (240122) From the last idea it only manged to be long for $1.30 (130 pips) before dropping for a total of $5.11 (510 pips) after the $3.20 (320 pips) on Wed (190122) and $4.30 (430 pips) on Thursday.(200122) The weak close in the box above left the door open for that short. What did we see today? Although we saw the big fall, Price once again failed to break and close into the box below on the 4 hour TF. Instead a 4 HR Red Vector candle broke in, went down to recover the Green Vector from 14th Jan and bounced up to close back in the box that we currently find our selves in. It also gave us a chance to get a better price (82) for new longs. The last 4 hour candle of the day also closed Blue, indicating more Bullish movement. which we have enjoyed $2 so far. We have seen many Tuesdays start a rally after a fall on a Monday so let's see how this plays out and be ready to go short if price fails at key resistances. With the Embedded lost in the Daily and a bunch of Purple in the smaller TFs we may have had the bearish confirmation but are looking for some more Bear signals but will only be short again if Oil fails to break resistances as we have Red Vector candles in the Hourly from 13:00 UTC running up to 85.6 and we can see a move back up there and possibly beyond in the next few days. Good luck guys! This is not financial advice and should be taken with a pinch of salt!
TVC:USOILLong
by Squeeezy-Trader
High Volume StatsThe below are just some statistics based on: - Volume bars with 500% increase of volume. - 15 minute timeframe BTCUSD. - Baseline of the last 10 volume bars averaged against the current volume bar. Since 21st July 2021 there has been 51 occasions were there has been a 500% increase in volume. 47 of these (500% volumes) has seen price retrace/recover that price action area. Out of the 4 that are left 1 is below current price action with a price range of 29925 to 30525 . This is not a trading call but more of an observation of reviewing past price recovery of volume bars that are equal to or exceed 500%. Trade safe, DYOR.
by Frien_dd-DisDev
2
The Beast!Last week was a very interesting week when it comes to oil. Friday 14th weirdly stalled for ages before finally breaking into the next box above. It did this with a 1 hour candle 4pm. (UTC) This candle was then rejected back out of it only for the 5pm (UTC) candle to explode through. The first signs of Blue candles in the hourly timeframe were the 13th 13:00 (UTC) and the 14th 09:00 (UTC) giving us indications that the Bull was going to get their way. This close in the box above, as mentioned in the previous post would signal a journey to the end of the box. We had to wait another hour for the 4 hour candle to close and make sure of the continuation. All of Monday and Tuesday so far have taken us to the top of the box at 85.7. Where do we go from here? We are definitely holding some longs from 83.5 but have equally enjoyed some short scalps from 85.7 ($0.70 and $0.40) and will see if this gives us a meaningful short from here. We are also looking out for a kind of behaviour where the highs that we are at get broken, we see a new high and then it plummets. The main thing we are looking to see is if we get yet another 4 hour close in the next box as if this happens we have a very strong chance of going to $88 but at the level we are at price can go whenever! |There has been a Blue Vector candle at the top in the hourly timeframe. Recovering the Red Vectors from 25102021 this is a bullish indicator. But the main thing that will mean Oil is still Bullish is if the daily timeframe is embedded on the RSI. Once the embedded is lost in the daily timeframe that will be a good indicator that we have a meaningful short coming. Keep the short scalps short and sweet, hold longs from good buy prices and always be ready to switch to plan B or C at anytime when trading Oil! Good luck Guys! This is not financial advice and should be taken with a pinch of salt
TVC:USOIL
by Squeeezy-Trader
ADA DOUBLE BOTTOM BULLISH ON WEEKLY CHART **LONG**ADA/CARDANO Looks to have a comfortable position settling around the $1.30 range. With recent trends and other Bullish movements, Cardono seems to be finding support and beginning its upward momentum back up to its previous all time high.in the next few weeks. Looking at a possible $2.90 area. And a retrace back to $1.97. Remember this is a LONG entry and becoming rich and famous doesn't happen over night. This also is just my view and not financial advice. Good luck and Happy New Year!
ALong
by Brother-Doug
EURCHF Trade PlanIf you like my analysis please like and hit the follow button. I need your encouragement. EURCHF has has been on a decline since it formed a high at around 1.093 in mid-September. The price action however has seen a lot of slowness in the bearish trend as momentum has been diminishing of late. Over the past three weeks we have seen price ranging behavior. We have a break of a major swing to the upside preceded by what appears to be price sweeps of lows. We may be in a great trade if we see PA on LTF as indicated in the chart. We want to see clear intent of price breaking upwards with strong momentum and a slow retrace to the QM level for the buy setup to be valid.
Long
by theforexhighway