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FIL (Filecoin) Analysis 12/03/2021we had earlier analyzed this Coin and Capitalized on it so we are updating it with new TPs Fundamentals: Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. Technical Analysis: as you have seen the coin had done its incubation process, followed by Accumulation Phase and now is on its UP Move. there are total of 3 Targets defined by the Fibonacci Projection, where as we get our confirmation of the 3 TP, if 2 TP gets triggered by a strong impulsive wave followed by some retracement and price correction or distribution. but ultimately all these targets are very much feasible
Long
by BitonGroup
12
UNI (Uniswap) Token Analysis 20/03/2021Fundamentals: Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges. Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities. Uniswap exists to create liquidity — and therefore trading and the value that trading provides — for the DeFi sphere. One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange — X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap. Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity. By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens. According to Uniswap, their governance token (UNI) was created in order to “officially enshrin Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.” Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is Ethereum developer Hayden Adams. Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg. Adams has also said that the original inspiration for the Uniswap platform came from one of Buterin’s own blog posts. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017. Current Fundamentals: The live Uniswap price today is $34.22 USD with a 24-hour trading volume of $888,258,314 USD. Uniswap is up 15.36% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $17,858,908,377 USD. It has a circulating supply of 521,835,076 UNI coins and a max. supply of 1,000,000,000 UNI coins. The top exchanges for trading in Uniswap are currently Binance, Huobi Global, Upbit, OKEx, and BitZ. You can find others listed on our crypto exchanges page. Technical Analysis: the price is Rallying in a wedge and there are some retracement chances too but there exist a Hidden Bullish Divergence with MACD which is the sign of trend continuation. overall we are bullish on this Token and there are 3 Targets defined in case of Price Retracement to Fibonacci retracements 61.8% then we can target 2 TP in case of Direct Rally to the 2TP followed by some Nominal Retracement and Price Correction then the 3 TP gets Confirmed.
Long
by BitonGroup
8
MATIC Network (Polygon) Token Analysis 31/03/2021 Fundamentals: Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance. Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts. Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain. The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain. MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens. Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions. Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block. Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem. While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would makePolygon an interoperable As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return. Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards. In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens. At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold at $0.00263 per token to generate $5 million. The remaining MATIC tokens are distributed as follows: Team tokens: 16 percent of the total supply. Advisors tokens: 4 percent of the total supply. Network Operations tokens: 12 percent of the total supply. Foundation tokens: 21.86 percent of the total supply. Ecosystem tokens: 23.33 percent of the total supply. According to the release schedule, all the tokens will be released by December 2022. Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant. Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem. The team worked on implementing the Plasma MVP, the WalletConnect protocol and the widely-used Dagger event notification engine on Ethereum. The team included co-founder of Polygon, Jaynti Kanani. Jaynti, a full-stack developer and blockchain engineer currently serves as the CEO of Polygon. Jaynti played an integral role in implementing Web3, Plasma and the WalletConnect protocol on Ethereum. Prior to his blockchain involvement, Jaynti worked as a data scientist with Housing.com. Co-founder and chief operations officer of Polygon, Sandeep Nailwal is a blockchain programmer and entrepreneur. Before jointly starting Polygon (formerly Matic), Sandeep had served as the CEO of Scopeweaver, and the chief technical officer of Welspun Group. Anurag Arjun is the only non-programming co-founder of Polygon. As a product manager, he has had stints with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies. Technical Analysis: the price is in the retracement phase and soon will start its impulsive wave, there are total of 2 Targets defined by the Fibonacci expansion of the previews Bullish wave, the 1 TP is 127% the 2 TP is 161.8%
MLong
by BitonGroup
15
XMR (Monero) Coin Analysis 17/03/2021we had Analyzed the Monero Coin earlier and capitalized on it with two Targets: Fundamentals: Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are. Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship. There are several things that make Monero unique. One of the project’s biggest aims is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network. Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients and the amount of crypto being transferred are obscured — and Monero advocates says this offers an upper hand over rival privacy coins such as Zcash, which are “selectively transparent.” Obfuscation is achieved through the use of ring signatures. Here, past transaction outputs are picked from the blockchain and act as decoys, meaning that outside observers can’t tell who signed it. If Ian was sending 200 XMR to Susan, this amount could also be split into random chunks to add a further level of difficulty. To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction that are only used once. All of these distinctive features have led to XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code. Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin. XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands. It’s believed that hundreds of developers have contributed to XMR over the years. Technical Analysis: As you can see the price has broken above the Ascending channel and made a new ATH, retested the TOP boundary of the same Parallels Chanel and is on the its Bullish Rally. there exist a Hidden Bullish Divergence of Price with MACD histogram which is the sign of Bullish trend Continuation and it acts as an other confirmation for the Bull Run. we have defined 3 New Targets with Fibonacci Projection where as ALL 3 are to be Achieved while the price may does Correction and Retracements in the Process.
XLong
by BitonGroup
16
FTM (Fantom) Coin Analysis 19/03/2021we had analyzed this coin and capitalized on it now updating new targets and positions. Fundamentals: Fantom is a Directed Acyclic Graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds. The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019. Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts. The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms. Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.” Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents. Through token sales in 2018, Fantom raised almost $40 million to fund development. The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong. The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security. According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform. Technical Analysis: price has don its secondary accumulation phase and consequently showed some move up, there exist Hidden Bullish Divergence with MACD and its Histogram which is the sign of trend continuation there are total of 3 targets defined with Fibonacci Projection where as the 3 TP gets confirmed when the 2TP is triggered followed by some distribution and retracements
Long
by BitonGroup
8
KNC (Kyber Network Crystal) Token Analysis 17/03/2021earlier we had analyzed it and now we are Updating The New Targets: Fundamentals: Kyber Network is an on-chain liquidity protocol that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DApps, decentralized exchanges (DEXs) and other users easy access to a liquidity pool that provides the best rates. All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity. The Kyber Network Crystal (KNC) token is a utility token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform — and earn staking rewards in Ethereum (ETH). They also determine the rewards that liquidity providers (LPs) receive on the platform. Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols. Kyber Network utilizes a variety of reserve types that contain a pool of funds used to provide liquidity — these are essentially smart contracts that control how assets are priced (e.g. using a price feed or algorithmically). Kyber can be integrated with other decentralized exchanges and shared liquidity pools. Reserves pay fees in KNC which are either burned or used for rewards. In July 2020, Kyber launched its decentralized autonomous organization (DAO) program, which enables KNC holders to participate in the governance of the network by voting on important proposals. Kyber’s community is sizable and made up of a wide range of developers, in addition to other members of the blossoming DeFi industry. Kyber’s fully on-chain design enables the protocol to maintain full transparency and verifiability. The platform claims to be the most used DeFi protocol in the world. Kyber Network began its development in 2017 and is built on top of the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran and Yaron Velner, and currently has its headquarters in Singapore. Luu is a blockchain researcher and an advisor for various blockchain projects. He developed Oyente, the first open-source security analyzer for Ethereum smart contracts, and co-founded SmartPool, among other decentralized projects. Victor Tran is a senior backend engineer and Linux system administrator. He was the CTO at Clixy and 24/7 Digital Group as well as a developer for several projects in Vietnam. Yaron Velner is the current CEO of B.Protocol, a decentralized backstop liquidity protocol, and was a postdoctoral researcher. Velner stepped down from his CTO position at Kyber in October 2019. The Kyber team is also composed of several executive advisors, engineers and designers. According to the official Kyber Network LinkedIn page, the company has over 50 employees — most of which are based in Vietnam or Singapore. Technical Analysis: very visible Hidden Bullish Divergence with MACD and MACD Histogram which is the sign of trend Continuation and Rally, after the Accumulation Phase. there are total of 3 Targets Specified by Fibonacci Projection where as the 3 TP gets its confirmation after the 2 TP gets triggered and price made some Distribution and Correction along.
Long
by BitonGroup
8
BAL (Balancer) Token Analysis 03/05/2021As we have analyzed and Invested in this Token earlier and Achieved our Targets, we are now Updating the New Targets: Fundamentals: Balancer is an Automated Market Maker (AMM), which was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. The protocol operates a few types of pools: 1. Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner. 2. Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs). 3.Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool. Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required. Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity. The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically. With Balancer, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin. There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable. Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools. The tokens held on Balancer pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol Balancer Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space. Fernando Martnelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald. Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools He joined Fernando Martnelli to build the Balancer platform. Kristen Stone, COO at Balancer, has worked in the crypto industry for over five years. She was a product manager at Coinbase and has built teams in product and engineering. Timur Badretdinov, is the frontend developer and has worked on several projects before working at Balancer. He founded a company called “Longcaller,” a platform focused on providing cryptocurrency reviews and educational blockchain content. Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP. AS Of the total 100M tokens that were created, 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. Another 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings. The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens. The live Balancer price today is $62.53 USD with a 24-hour trading volume of $73,881,313 USD. Balancer is down 0.27% in the last 24 hours. The current CoinMarketCap ranking is #144, with a live market cap of $434,229,896 USD. It has a circulating supply of 6,943,831 BAL coins and a max. supply of 100,000,000 BAL coins. Technical Analysis: The Token has done its Initialization and Accumulation Phase, followed by few impulsive cycles and Distribution, Retracements. currently as at has done its Retracement, it seems to be on, an explosive Impulsive Wave. There exist Hidden Bullish Divergence of Price with MACD, which is the sign of Bullish Trend Continuation. The Support Areas which have Been Defined with the Price Actions, are having heavy Confluences with the Fibonacci Retracement levels which are defined on the Chart. There are total of 3 Targets Defined by Fibonacci Projection of the initial Impulsive cycle.
Long
by BitonGroup
5
BAL (Balancer) Token Analysis 28/03/2022Fundamental Analysis: Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. The protocol operates a few types of pools: Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner. Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs). Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool. Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required. Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity. The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically. With Balancer, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin. There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable. Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools. The tokens held on Balancer pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol Balancer Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space. Fernando Martnelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald. Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools He joined Fernando Martnelli to build the Balancer platform. Kristen Stone, COO at Balancer, has worked in the crypto industry for over five years. She was a product manager at Coinbase and has built teams in product and engineering. Timur Badretdinov, is the frontend developer and has worked on several projects before working at Balancer. He founded a company called “Longcaller,” a platform focused on providing cryptocurrency reviews and educational blockchain content. Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP. Of the total 100M tokens that were created: 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings. The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens. The current CoinMarketCap ranking is #408, with a live market cap of $98,199,044 USD. It has a circulating supply of 6,943,831 BAL coins and a max. supply of 100,000,000 BAL coins. Technical Analysis: The Asset has fallen 85% Lower than its All Time High, it is at a very Discounted Price and Currently at the accumulation zone, soon the Smart Money effect shall Appear on the Price Value. The Current Price is very much subjective to the Defi MarketCap and Bitcoin Dominance, as the Total Market Cap is on its New rally we can expect the Capital Inflows to the Entire Crypto Environment, and If Bitcoin Dominance Drops Below the Current 43% level, then we can expect the Price value Appreciations As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower such as 85%, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Long
by BitonGroup
EOS (Eos) Coin Analysis 28/03/2022Fundamental Analysis: EOS is a platform that’s designed to allow developers to build decentralized apps (DApps) The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly. Other priorities include delivering greater levels of scalability than other blockchains, some of which can only handle less than a dozen transactions per second. EOS also aims to improve the experience for users and businesses. While the project tries to deliver greater security and less friction for consumers, it also vies to unlock flexibility and compliance for enterprises. The blockchain launched back in June 2018. To an extent, you could argue that EOS aims to create familiarity for its users. Whereas EOS.IO is probably best compared to an operating system like Windows or iOS, EOS is the cryptocurrency that drives the network. According to the company, it has the capacity to accommodate the demands of hundreds, if not thousands, of DApps — even if they were being used by substantial numbers of people. Parallel execution, as well as a modular approach, are said to drive this efficiency. In a unique twist, token holders have the ability to vote for block producers — as well as other matters such as protocol upgrades. Unfortunately, some of the most distinguishing features of EOS are those that certain critics dislike the least. There are those that argue that extensive Block.one’s involvement with this project means it’s rather centralized — and some argue this is the opposite of what blockchains and cryptocurrencies were meant to achieve. EOS uses a delegated proof-of-stake consensus mechanism. This concept was conceived by Larimer, and aims to solve some of the flaws that are seen in PoW and PoS systems. As we briefly explained earlier, those who own EOS tokens are able to vote for representatives who will be responsible for validating transactions. One of the advantages is that this helps eliminate consolidation, where smaller miners are pushed out by those who have greater levels of computing power and resources. The EOS platform was developed by the company Block.one, and its white paper was authored by Daniel Larimer and Brendan Blumer. Both men continue to be members of Block.one’s executive team, with Blumer serving as CEO and Daniel Larimer as CTO. Blumer is a serial entrepreneur, and one of his earliest ventures involved selling virtual assets for video games. He went on to co-found Okay.com, a digitally focused real estate agency in Hong Kong. Larimer is a software programmer who has also started a series of crypto ventures. They include the crypto trading platform BitShares and the Steem blockchain. The pair met in 2016 and formed Block.one the following year. There are 985,399,855.46 EOS coins in circulation at the time of writing, and a total supply of 1.052 billion tokens. Block.one held an initial coin offering for EOS back in June 2017 and it lasted for a year — that’s substantially longer than many of the ICOs seen at the time. A total of $4.02 billion was raised in the process, and investors from the U.S. were unable to take part. Looking at the breakdown of how tokens were distributed, 10% were allocated to the founders, 90% were distributed among investors. It is worth noting that Block.one won’t receive this allocation straightaway — instead, it’ll happen over a 10-year period. The current CoinMarketCap ranking is #49, with a live market cap of $2,981,938,783 USD. It has a circulating supply of 985,399,855 EOS coins and the max. supply is not available. Technical Analysis: The Asset has fallen 85% Lower than its All Time High, it is at a very Discounted Price and Currently at the accumulation zone, soon the Smart Money effect shall Appear on the Price Value. There exist the Regular Bullish Divergence of Price Value from MACD , which is the very Significant sign of Bearish Trend Reversal eventually Start of the new Bullish Trends. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower such as 85%, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Long
by BitonGroup
BAKE (BakeryToken) Token Analysis 28/03/2022Fundamental Analysis: Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process. BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform. Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB. Bakery Swap runs on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten times the rewards compared to other pools. BakerySwap, a Binance Smart Chain-based AMM, offers liquidity pools for altcoins such as LINK, DOT and others. It works through initial liquidity pools. BakerySwap has two types of liquidity pools: with BAKE rewards and without them. This is done in order to facilitate the creation of new liquidity pools by the community. Only designated pools will have BAKE rewards. The reward multiplier for each will vary based on the value they provide to BAKE holders. BakerySwap charges a 0.30% fee on all swaps and trades, out of which 0.25% go to liquidity providers. The liquidity providers are then given liquidity pool tokens that represent their share of each pool. Through these tokens, they can earn a portion of the fees that are collected in the pools when removing the liquidity. Liquidity providers can then stake Bakery LP tokens to farm BAKE token rewards. The BakeryToken network is secured through the use of real-time security monitors and intelligence systems. It has on-chain monitoring and passes many security checks. The current CoinMarketCap ranking is #347, with a live market cap of $131,508,003 USD. It has a circulating supply of 193,529,485 BAKE coins and the max. supply is not available. Technical Analysis: As you can see the Price Value of the Asset has Fallen the 95% of its All Time High and currently is at the Incubation and Accumulation Phase where soon we can see the inflow of the Smart Money and will Pump the Price to the higher levels. There exist a Bullish Divergence of Price value form MACD which means the Reversal of the current Bearish Trend and Start of the New Bullish cycle with Impulsive Trends. We have defined 3 Targets which are the Confluences of the Fibonacci Expansion with Fibonacci Trend Base Extension Levels, and they are they Potential Pivot Points. The 3 TP gets its confirmation as the Price Triggers the 2 TP followed by some Price Correction and Distribution before the Impulsive wave.
Long
by BitonGroup
14
TRB (Tellor) Token Analysis 28/03/2022Fundamental Analysis: Tellor is a decentralized oracle network. Oracles are a key part of blockchain infrastructure that update valuable off-chain data, making it available for on-chain smart contracts. Tellor’s oracle supplies data that can be requested, validated and put on-chain transparently with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications. To learn more about oracles check out the article Oracles 101: coinmarketcap.com Tellor’s oracle is a decentralized network of staked data reporters. Becoming a reporter requires no verification process i.e. permission less. Anyone anywhere in the world can be a reporter using open source software, a unique characteristic among blockchain oracles. With some knowledge of blockchain and smart contracts, interested data reporters holding more than 100 TRB can start earning rewards for providing accurate data. When oracle users request the value of an off-chain data point (e.g. BTC/USD), data reporters compete to add this value to an on-chain data-bank, accessible by all Ethereum smart contracts. The frequency with which data can be updated is limited only by how much / how often users “tip” the feed with TRB. Also unique to Tellor, data is submitted in bytes meaning the oracle is flexible and robust for nearly any blockchain application. The purpose of Tellor’s native token, Tributes (TRB), is to connect and align data reporters, oracle users, and community governance. Security is achieved through Tellor’s governance contract, which uses a simple dispute mechanism to achieve community consensus on the data being reported. The way this works is that data reporters must stake TRB in order to report data and earn rewards, but they can be disputed and slashed, with their stake given to the disputer if they submit data the network deems incorrect. Tellor was launched in 2019 by a U.S.-based team with the aim to address the oracle problem on the Ethereum blockchain. Tellor was founded by Brenda Loya, Nick Fett and Michael Zemrose. Brenda Loya is the CEO and co-founder of Tellor. Previously, Brenda worked as the VP and Lead Developer at Daxia in the field of blockchain, scalability and data science. Previously she was an economist and supervisory statistician at the U.S. Department of Labor. Nick Fett is a co-founder and CTO of Tellor. Previous to Tellor, he was the founder of Daxia, a derivatives protocol on Ethereum. Nick also has experience in economics, regulation, derivatives, and machine learning including positions at the U.S. Commodities Futures Trading Commission. Michael Zemrose is co-founder and CSO of Tellor and previously did Business development at Daxia. He was also an entrepreneur in media and consulting for several years before joining the world of crypto. Tellor (TRB) has the Total supply of 2,385,988 tokens as of 28/03/2022. The current CoinMarketCap ranking is #535, with a live market cap of $55,483,608 USD. It has a circulating supply of 2,313,777 TRB coins and the max. supply is not available. Technical Analysis: The Price Value Has Fallen to its 90% low, From its All Time High and has already Accumulated its Intrinsic Value and the Smart Money Flow is on its way. Currently the Price is at the 85% low of the ATH and it can be considered a good Opportunity for Investment. There exist the Bullish Divergence of Price Value and MACD which is the very sign of Bearish Trend reversal and Start of the New Cycle and Bullish Impulsive waves. We have defined 3 Targets by the Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension Levels, and these levels can be considered as the very important Pivot point on the Price Rally. The 3 TP will get its Confirmation as the Price Triggers the 2 TP followed by some Price Correction and Retracement which is the distribution Phase.
Long
by BitonGroup
VET (VeChain) Coin Analysis 28/03/2022Fundamental Analysis: VeChain (VET) is a versatile enterprise-grade L1 smart contract platform. VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain had begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET. VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants. The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO generation rate. Such actions first require all-stakeholder community votes. VeChain has been able to demonstrate massively boosted efficiency, traceability and transparency across data trails, supply chains and within novel kinds of ecosystems, such as those in San Marino targeting UN SDGs, among others. VeChain exists to disrupt traditional business models, and is best known for its work in supply chain, an industry that has changed little over the decades. Its work in providing a decentralized trust layer for multi-party ecosystems has already seen major successes with high profile clientele and government bodies. Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. Carbon, supply chain, international logistics, incentivized ecosystems, automobile passports and more all greatly benefit from the digitization of trust and collaboration it enables. VeChain’s platform accordingly has very wide appeal to many different clients of clients and industries. VeChain’s official literature notes that its unique proposition lies in its dual-token setup alongside transformative protocols such as 'fee delegation' and it's one-stop 'ToolChain' platform that means crypto-wary companies can pay in fiat for VeChain's Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless use of the network, even in strict jurisdictions. VeChain (VET) is a Proof of Authority (PoA) token, requiring relatively low computing power to achieve network security versus a protocol such as Bitcoin. A recent CTI report showed that VeChain's annual carbon footprint is incredibly small at just 2.4% of the emissions of mining a single Bitcoin, thus making PoA an incredibly efficient consensus mechanism for securing the network. Proof-of-authority, is a process wherein authority master node operators are selected by an independent Steering Committee, thus giving them 'authority' to run a maste rnode. This model is particularly attractive for enterprises who want assurances about the integrity and quality of validators running the network, and assurances bad actors can be ejected if needed. VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China. Lu has since become a well-known name within the cryptocurrency industry. He has drawn attention to the ability of blockchain technology to solve transparency in particular, arguing that it can create “trust-free” enterprise/business structures that do not suffer from information corruption thanks to close working collaborations with key auditing/certification consultants such as PriceWaterhouseCoopers and DNV who verify data quality and certify industrial processes. Fellow co-founder Jay Zhang, who directs VeChain's global corporate structure, governance, and financial management, previously worked for both Deloitte and PriceWaterhouseCoopers in the finance and risk management sphere. Having originally begun life in 2015, VeChain is one of the oldest dedicated smart contract platforms on the market, with reflected prestige among enterprise clients. VeChain has two in-house tokens: VeChain (VET) and VeThor (VTHO). Described as a unique offering for such a platform, the dual-token system is designed to avoid fee fluctuations and network congestion. VET is the token used for transactions and other activities, while VTHO provides fee payments and thus functions as a “gas token,” similar to how gas functions for Ethereum (ETH) transactions. VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed. VTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens. At the time of writing (28/03/2022) - there are 45.63 Billion tokens in circulation according to VeChainStats. The current CoinMarketCap ranking is #35, with a live market cap of $4,748,746,013 USD. It has a circulating supply of 64,315,576,989 VET coins and a max. supply of 86,712,634,466 VET coins. Technical Analysis: The Asset has been Fallen to its 85% Low of the All Time High and this is the very good sign of becoming undervalued and initiation of the Smart Money Flow which took Place. After the Reaccumulating phase got over the Asset has been Pumped to its 78.6% of the Fibonacci Retracement Level and currently is waiting for the Repumps. There exist a Bullish divergence of Price value and MACD, which can be interpreted as the bearish Trend reversal and Start of the New Bullish Trend which eventually Initiate the New Bullish cycle. We have defined the total of 4 Probable Price Targets with Fibonacci Trend Based Extension levels, where as the 3 TP gets its Confirmation as the 2 TP gets Triggered followed by the Price Value Correction and some Retracements. All of the Defined Targets are having Many Confluences with different Fibonacci levels so they can act as the very Important Pivot Points. Earlier Analysis: VET Coin, Done on: 09/03/2021
Long
by BitonGroup
2
BNB (Binance Coin) Coin Analysis 26/03/2022Fundamental Analysis: Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance. Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects. Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well. One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem. Since launching the BNB, the exchange has also benefited from increased investor interest in the token. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors. Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary. Following the proposal, gas fees on Binance Smart Chain have become even lower, as the network burns a part of the fees to decentralize further. The proposal was modeled after Ethereum's famous EIP-1559. Initially, the BNB started as a traditional ERC-20 token on the Ethereum blockchain. Later on, the company introduced its own blockchain, and the coins started being issued from the Binance blockchain, secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism. While ERC-20 tokens rely on the proof-of-stake (PoS) consensus, which allows them to be extremely scalable, and allows for the creation of smart contracts. Unlike PoS, the Binance blockchain does not support smart contract functionalities. In contrast, the Bitcoin blockchain is secured by the proof-of-work (PoW) consensus, which is far more limited and consumes large amounts of electrical and computing power. This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance. Despite these hacks, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem. There is an initial maximum supply of 200,000,000 BNB coins, of which 165,116,760.89 are currently in circulation as of March 2022. Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB. On July 18, 2021, it conducted its 16th quarterly burning, which was worth $390 million in BNB price at the time of burning. However, that was not the most expensive burn — on April 16, 2021, the exchange burned nearly $600 million worth, in BNB price at the time of burning. According to the Binance whitepaper, exactly half of the maximum supply of BNB tokens was allocated towards the initial coin offering (ICO) and public sale of the token. The ICO was held in July 2017 shortly after the exchange launched, and saw Binance raise $15 million in funding, with BNB price at $0.10 during the ICO. Taking BNB price today, that represents an almost 4200X return on investment (ROI). Another 40% of the total supply, or around 80,000,000 BNB coins, was distributed among the founding members and team. Finally, the remaining 10% of the maximum supply was split among angel investors. Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of tradebook futures development. He spent four years with the company and later joined Fusion Systems as a partner. Since 2013, Changpeng Zhao has been actively involved with blockchain technology and cryptocurrencies. He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the CEO of the company ever since. He Yi is a co-founder and chief marketing officer at Binance. She started her career as a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was the largest fiat-to-crypto exchange in China at the time. In 2017, she joined forces with Changpeng Zhao, and together they created the largest crypto exchange globally — Binance. The current CoinMarketCap ranking is #4, with a live market cap of $68,067,543,893 USD. It has a circulating supply of 165,116,761 BNB coins and a max. supply of 165,116,760 BNB coins. Technical Analysis: As you can see the Price is getting Squeeze above the Major Trend Line and between the 38.2% of Fibonacci Retracement Level which acts as a Resistance zone. the out come is Most Probably is the Breakage of the Resistance area and Strat of a Bullish Impulse Trend, as the Major Trend line may act as an Stronger Support. There exist a Hidden Bullish Divergence of Price and MACD which is the sign of bullish Trend Continuation. We have Defined 2 Targets Based on the Fibonacci Trend Base Extension of the 0 to Initial Impulsive Wave and its Retraced Level. the defined targets are the 1 TP <750$> (161.8% Fib) which is the extension level and if it gets Triggered then the 2 TP <1100$> (261.8% Fib) , is Confirmed. We have analyzed the BNB Total Market Capitalization Chart, where it is clearly showing a heavy Reaccumulating Areas and its Possible Growth Levels: looking at this Analysis we can observe that the worthiness of this asset and its potential Growth extends... This Analysis is Based on our Past Analysis of the First Cycle:
Long
by BitonGroup
BTS (BitShares) Coin Analysis 26/03/2022Fundamental Analysis: BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries. It was originally launched in July 2014 under the name ProtoShares (PTS) but was rebranded to BitShares (BTS) less than a year later. The platform is powered by the BitShares (BTS) token, a native utility token that can be used for several purposes, including the creation of smartcoins known as “BitAssets,” which can have a variety of parameters and can represent practically anything — such as reward points, collateralized fiat-pegged tokens and IOUs. The BitShares platform is managed by a decentralized autonomous company (DAC), which allows BTS token holders to decide the future of the platform, and decide which features to add next. It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS) — making it faster than both MasterCard and VISA combined. As of January 2021, BitShares is in the process of a relaunch, and will be going through several major changes throughout going forward. One of BitShares’ major distinguishing features is its integrated decentralized cryptocurrency exchange platform (DEX), which allows users to trade regular cryptocurrencies, as well as more traditional financial instruments (via BitAssets) without middlemen. Because of its native DEX and support for synthetic assets (BitAssets), BitShares is often touted as the world’s first DeFi capable blockchain. As we previously touched on, BitShares uses distributed autonomous companies (DACs) to produce a self-governing, self-financing system that allows BTS holders to set the business rules that govern the BitShares ecosystem through a secure proposal and voting procedure. BitShares is also one of the few blockchain platforms to completely do away with addresses. Instead, it uses simple memos to distinguish users, making it one of the more accessible crypto platforms. It is also built around a popular referral program that is used to incentivize the growth of the network by distributing upgrade fees between referrers and the BitShares network. It was the first blockchain to use self-governed delegated proof-of-stake (DPoS) technology and has an ~3-second processing time for transactions, making it one of the fastest blockchains currently operating. In September 2020, the BitShares platform underwent a hard fork, leading to the creation of New BitShares (NBS) — a derivative project that is not affiliated with the original BitShares. As a result of the fork, BTS holders were airdropped NBS tokens at a 1:1 ratio. As of January 2021, there were just under 3 billion BTS in circulation. This is equivalent to 83% of the maximum BTS supply — making it highly diluted. BitShares was initially funded by community investments totaling 5,904 BTC, as well as 415,000 Proton Shares (PTN) in 2014. At the time, this was worth around $3.6 million. The full BTS tokenomics are not publicly available. BitShares uses a custom delegated proof-of-stake (DPoS) consensus mechanism to secure its network. This uses a combination of witnesses and decentralized voting processes to produce a more democratic consensus system that avoids the possible negative effects of centralization. This system reduces the need for multiple transaction confirmations, ensuring BitShares transactions can be finalized extremely quickly. Instead, delegates (known as witnesses) are responsible for producing and broadcasting blocks, with numerous safeguards in place to ensure these witnesses act in the best interests of the network. The current CoinMarketCap ranking is #454, with a live market cap of $73,058,255 USD. It has a circulating supply of 2,994,600,000 BTS coins and a max. supply of 3,600,570,502 BTS coins. Sentimental Analysis: There seems to be a huge fall of BTC.D or Bitcoin Dominance coming and the Total Market cap Rise, which can be interpreted as an Altcoin Season initiation, and its confluences with the current Price to Value Ratio of some Crypto Assets, makes a good Sentimental Indication, that the Altcoins are going to pump and gain some Price Appreciations in the upcoming months. Technical Analysis: As this Asset has Fallen to the 90% zone of its All Time High, it seems to be undervalued and worth of investment at this level so we have used Fibonacci Tools to define 3 Up coming targets where the new Cycle will Go through in its formation so we can squire off our Positions and liquidate the holding asset to maximize profits. There exist a Bullish Divergence of Price Action with MACD, which is a very significant sign of Bearish trend reversal and Beginning of the new cycle with the impulsive bullish trends. there are total of 3 Targets defined with the Fibonacci Trend base Extension tools where as the 3TP gets its confirmation as the Price Touch or Crosses the 2 TP followed by some Price correction.
BLong
by BitonGroup
12
RAY (Raydium) Token Analysis 25/03/2022Fundamental Analysis: Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity. RAY is the native utility token used for: Staking to earn protocol fees Staking to receive IDO allocations Governance votes on protocol decisions AlphaRay leads overall strategy, operations, product direction and business development for Raydium. With a background in algorithmic trading in commodities, Alpha transitioned to market making and liquidity providing for cryptocurrency in 2017 and hasn't looked back. After diving into DeFi in the summer of 2020, Alpha saw a market need for an order book AMM to aggregate liquidity, and with the release of Serum, pulled together a team of experienced trading developers to tackle the problem head on. XRay is Raydium's Chief of Technology and Dev Team leader. X has 8 years of experience as a trading and low latency systems architect for both traditional and crypto markets. X designs all of Raydium’s systems and infrastructure as needed. GammaRay heads up marketing and communications while also playing a key role in strategy and product direction. Gamma spent a large part of his career at a leading data analytics and market research firm, working on both client engagements and corporate marketing. Prior to Raydium, Gamma's focus within cryptocurrency has been technical analysis and discretionary trading. Raydium launched its main net on February 21st, 2021 with 555,000,000 tokens created at genesis. 34% of all tokens will be released as liquidity mining incentives over a 3-year period. 30% of tokens are earmarked for partnerships and the expansion of the Raydium ecosystem. This includes giving grants to projects building projects around Raydium or helping our communities in general. These tokens are generally locked for 1 year and unlock linearly for the next 2 years. The current CoinMarketCap ranking is #179, with a live market cap of $288,449,758 USD. It has a circulating supply of 92,510,164 RAY coins and a max. supply of 555,000,000 RAY coins. we can simply see a huge volume is coming to the Altcoin Market cap and at the same time a huge collapse on the Bitcoin Dominance which is a very powerful sign of Bullish trend on the DeFi and Altcoin Environment and can interpreted as the start of an Alt Season... Technical Analysis: We used Fibonacci Retracement Tool from 0 to ATH and defined the Pivot Levels. The Price has Fallen below 85% of its All Time High and it has nearly Touched 90%, as it is bellow 78.6% of Fibonacci Retracement level, i.e. it is undervalued and seems very discounted for us to Invest in it. We can clearly see Bullish Divergence is Appearing with MACD which is a very good sign of Bearish Trend reversal and start of its New Cycle where it can cross its ATH soon. There are total of 3 Targets defined with Fibonacci Trend Based Extension Tool to define the Upcoming Cycle and the Targets to Unload Partially if required any. 3 TP gets its Confirmation as the Price Touches the 2 TP followed by some correction and Reaccumulation for the 3 TP. 90% (1.75$) and 95% (0.85$) of the Fibonacci Retracement Levels can be considered as the Support Areas.
Long
by BitonGroup
2
EOS Coin Analysis 10/03/2021we had analyzed this coin earlier and capitalized on it. Now Updating New Positions and Targets... Daily Time Frame: 4 Hour time frame: Fundamentals: What is EOS? EOS is a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.) The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly. Other priorities include delivering greater levels of scalability than other blockchains, some of which can only handle less than a dozen transactions per second. EOS also aims to improve the experience for users and businesses. While the project tries to deliver greater security and less friction for consumers, it also vies to unlock flexibility and compliance for enterprises. The blockchain launched back in June 2018. To an extent, you could argue that EOS aims to create familiarity for its users. Whereas EOS.IO is probably best compared to an operating system like Windows or iOS, EOS is the cryptocurrency that drives the network. According to the company, it has the capacity to accommodate the demands of hundreds, if not thousands, of DApps — even if they were being used by substantial numbers of people. Parallel execution, as well as a modular approach, are said to drive this efficiency. In a unique twist, token holders have the ability to vote for block producers — as well as other matters such as protocol upgrades. Unfortunately, some of the most distinguishing features of EOS are those that certain critics dislike the least. There are those that argue that extensive Block.one’s involvement with this project means it’s rather centralized — and some argue this is the opposite of what blockchains and cryptocurrencies were meant to achieve. Technical Analysis: as you can see the price has done its initial long Term accumulation and is ready to move up. total of 4 Targets Defined by Fibonacci Projection, where as the 3 Targets Gets Confirmed, if the 2 Target which is at the 161.8% (Extension) Level, gets Triggered by an impulsive wave followed by some Correction and consequently the 4 TP too.
Long
by BitonGroup
30
Flamingo Token (FLM) Analysis 09/03/2021Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain and the Poly Network interoperability protocol. It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization (DAO). Flamingo positions itself as a singular platform that combines multiple decentralized finance tools for Neo into a common ecosystem that will be governed by its users via a decentralized autonomous organization. Decentralized finance is a nascent, fast-growing trend in the cryptocurrency industry that encompasses various financial solutions that often operate on top of cryptocurrency blockchains. Working as a sort of second-layer industry, DeFi platforms are conceptually aligned with the idea of the cryptocurrency industry as a whole: eliminating third parties and singular points of failure from monetary and financial systems. Having emerged in early 2019, by mid-2020 the DeFi industry already boasted over $4 billion in locked collateral assets. Some of the main use cases in DeFi are cryptocurrency lending, yield farming and decentralized exchanges. However, for most cryptocurrencies and their respective DeFi environments, each of these solutions is usually provided by a single separate platform. Flamingo’s unique advantage comes from the fact that it’s aiming to combine all the key financial instruments for the Neo cryptocurrency token (token wrapping, liquidity pooling, asset vault and contract trading) and make them available via a single platform that will be governed by its own users in a decentralized way. Technical Analysis: As we can see the 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 of the Past Impulsive Wave where we get the 3 TP confirmation when we get to our 2TP on an impulsive wave with some price Correction
Long
by BitonGroup
6
XLM (Stellar) Coin Analysis 19/03/2021we have analyzed it earlier and capitalize on this coin twice earlier: 4H Time Frame: Day Time Frame: Fundamentals: Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service. If all of this sounds familiar, it is worth noting that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten. Fees are a sticking point for many. However, high costs when making cross-border payments aren’t just exclusive to fiat-based payments solutions such as PayPal — transaction fees have also been known to go through the roof on the Bitcoin and Ethereum blockchains because of congestion. Stellar is unique because every transaction costs just 0.00001 XLM. Given how one unit of this cryptocurrency only costs a few cents at the time of writing, this helps ensure that users keep more of their money. Few blockchain projects have managed to secure partnerships with big-brand technology companies and fintech firms. A few years ago, Stellar and IBM teamed up to launch World Wire, a project that allowed large financial institutions to submit transactions to the Stellar network and transact using bridge assets such as stablecoins. Although other blockchains have community funds, meaning that grants can be given to projects that help further the ecosystem, Stellar allows its users to vote on which ventures should be given this support. Jed McCaleb founded Stellar with the lawyer Joyce Kim after leaving Ripple in 2013 over disagreements about the company’s future direction. In explaining the rationale behind Stellar in September 2020, McCaleb told CoinMarketCap: “The whole original design of Stellar is that you can have fiat currencies and other kinds of forms of value run in parallel with each other and with crypto assets. This is super important to drive this stuff mainstream.” McCaleb’s goal is to ensure that Stellar can give people a way of moving their fiat into crypto — and eliminate the friction that people normally experience when they are sending money around the world. He currently serves as the CTO of Stellar, as well as the co-founder of the Stellar Development Foundation. This not-for-profit organization aims to “unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered.” Current Fundamental: The live Stellar price today is $0.402482 USD with a 24-hour trading volume of $832,342,993 USD. Stellar is up 2.85% in the last 24 hours. The current CoinMarketCap ranking is #13, with a live market cap of $9,109,323,999 USD. It has a circulating supply of 22,632,881,017 XLM coins and a max. supply of 50,001,806,812 XLM coins. The top exchanges for trading in Stellar are currently Binance, Huobi Global, OKEx, BitZ, and Upbit. You can find others listed on our crypto exchanges page. Technical Analysis: the coin is currently in a retracement from the Past Impulsive wave and is now on the Reaccumulation Phase for another Impulsive wave and Rally. As you can see there is Hidden Bullish Divergence of Price and MACD, which is the sign of Bullish trend continuation. we have specified 3 New Targets with Fibonacci Projection of the previews Impulsive Cycle, where as the 3 TP gets its conformation as the price Triggers the 2TP followed by the price Correction and some distributions.
Long
by BitonGroup
4
TRB / USD (Tellor) Token Analysis 24/10/2021Fundamentals Analysis: Tellor was launched in 2019 by a U.S.-based team with the aim to address the oracle problem on the Ethereum (ETH) blockchain. Tellor is an Ethereum-based, decentralized, secure oracle for decentralized finance (DeFi) decentralized applications (DApps). To learn more about this project, check out our deep dive of Tellor. Tellor allows DeFi DApps to receive high-value data for smart contracts. The data feed’s stability and reliability are ensured by staked miners who participate in proof-of-work (PoW) consensus. The team behind Tellor also built Daxia, which is a derivatives protocol on Ethereum. Daxia created tokens that represented long or short sides of a trading pair, and an oracle was needed in order to execute these smart contracts. As a result, the team created Tellor, which is a decentralized, purpose-built oracle solution. Tellor takes advantage of the proof-of-work consensus algorithm in order to provide a high level of security to the network through decentralization. Alongside the PoW solution, miners need to provide an off-chain data point. Participants of the network also have to deposit a minimum sum of 1000 tokens as a stake, which acts as a guarantee of the correctness of data inputs. The TRB utility token is an Ethereum-based token that powers the Tellor system. Tellor works by allowing users to send queries to the oracle network, where TRB tokens are used as an incentive for miners to choose a particular query. Later on, other users that want the same data can pay for it more to further incentivize miners. Approximately every 10 minutes the oracle selects the best-funded query and provides a challenge for the miners who have opted towards solving it. Miners can then submit their PoW solution and off-chain data point within the oracle contract. The oracle then validates the input and saves it on the chain. Once this happens, the miners are finally rewarded for their mining efforts. Anyone that has TRB tokens can dispute the validity of a mined value, however, this needs to be done in a 24-hour interval by paying a dispute fee. Tellor was co-founded by Brenda Loya and Michael Zemrose. Brenda Loya is the CEO and co-founder of Tellor and in the past worked as the VP and lead developer at Daxia in the field of blockchain, scalability and data science. She was also the supervisory statistician in employment and training administration at the U.S. Department of Labor. Michael Zemrose is a co-founder of Tellor and used to work as the chief strategy officer at Daxia. He was also a coach for small business owners at Real Elevation. The current CoinMarketCap ranking is #404, with a live market cap of $109,136,660 USD. It has a circulating supply of 2,005,905 TRB coins and the max. supply is not available. Technical Analysis: The Token had a Bullish run and made ATH then retraced to 78.6% level of Fibonacci Retracement Level, where it is currently Reaccumulating and we are expecting a bullish wave and a new Higher cycle soon. we have defined three new Targets with Fibonacci Projection of the Past Bullish Run and highest pick and lowest retracement dumps. the 3 TP gets confirmed as soon as the price Touches the 161.8% of the same Fibonacci projection followed by some retracement and price correction.
Long
by BitonGroup
2