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YFI (Yearn.finance) Token Analysis 15/03/2021Fundamentals: Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming. Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders. Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI. Yearn.finance set out to simplify DeFi investment and activities such as yield farming for the broader investor sector. The platform makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield. New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform. Yearn.finance makes a profit by charging withdrawal fees, currently 0.5% at the end of September 2020, as well as 5% gas subsidization fees. Due to its governance model, these can technically be changed by consensus at any time. The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns. Yearn.finance is the brainchild of Andre Cronje. After leaving the iEarn project in February 2020, Cronje returned to oversee a rebirth, with new tools emerging and YFI going live in July. Since then, its fortunes have turned around, with assets under total value locked coming in at just over $1 billion as of the end of September 2020. Cronje has a long career in cryptocurrency and has become synonymous with DeFi in particular. He also has positions at smart contract ecosystem Fantom and CryptoBriefing, a resource dedicated to initial coin offerings (ICOs) and crypto media. Technical Analysis: as you can see the price is Rallying in a PitchFan and there exist a Hidden Bullish Divergence between the Price and MACD Histogram which is the sign of trend continuation. there are total of 2 Targets specified by the Fibonacci projection of the initial wave and their confluences with the PitchFan levels.
Long
by BitonGroup
4
Bitcoin Cash (BCH) Analysis 07/03/2021Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another. As a permission less, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network. Bitcoin Cash combines gold-like scarcity with the spendable nature of cash. With a limited total supply of 21 million coins, Bitcoin Cash is provably scarce and, like physical cash, can be easily spent. Transactions are fast with transaction fees typically less than a tenth of a cent. Anybody can accept Bitcoin Cash payments with a smartphone or computer. Bitcoin Cash has various use cases. In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay participating merchants for goods and services in-store and online. Very low fees enable new micro-transaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also reduces the fees and settlement times for remittances and cross-border trade. Other use cases include tokens, simplified smart contracts, and private payments with tools such as CashShuffle and CashFusion. Bitcoin Cash different from Bitcoin: In 2017, the Bitcoin project and its community split in two over concerns about Bitcoin’s scalability. The result was a hard fork which created Bitcoin Cash, a new cryptocurrency considered by supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash. Bitcoin, which was invented by the pseudonymous Satoshi Nakomoto remains a separate cryptocurrency. Unlike Bitcoin BTC, Bitcoin Cash aims to scale so it can meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network. Technical: as you can see the price has broken up from its accumulation zone and is rallying in an Ascending Broadening Wedge, and by Fibonacci Projection we can predict the total of 2 TPs where if the 1TP gets triggered then 2TP is confirmed. i have projected the targets based on the boundary of the Wedge and its confluences with Fibonacci projection Levels of 161.8% and 261.8%. they are on rounded up numbers
Long
by BitonGroup
4
JST (JUST) Token Analysis 05/04/2021Fundamentals: JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable. The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020. It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio. To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral. The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access. Unlike most other DeFi platforms, JUST isn’t just looking to offer a single product that offers utility to a small subset of DeFi users. Instead, it’s attempting to build an entire suite of products that cover a range of DeFi use cases, forming the foundations of a complete DeFi ecosystem on TRON. As of January 2021, the JUST ecosystem consists of five distinct products, all of which are designed to interoperate and provide additional utility to users. These are: JustStable: JUST’s flagship decentralized multi-collateral stablecoin platform. JustLend: A TRON-powered money market protocol that allows users to add liquidity to lending pools and take out low-interest cryptocurrency loans. JustSwap: An automated market maker (AMM) platform used for trustless TRC-20 token swaps and the creation of permissionless liquidity pools. JustLink: The first decentralized oracle system for the TRON network — used to securely supply smart contracts with real-world data. Cross-chain tokens: Assets from other blockchains, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), that have been tokenized on TRON and can be used within the JUST ecosystem. As a TRC-20 token, the JUST Network is secured by the underlying TRON blockchain. Unlike other platforms that use the energy-intensive proof-of-work (POW) consensus mechanism to maintain the integrity of the blockchain and ward off potential attacks, TRON uses the energy-efficient delegated-proof-of-stake (dPOS) system. This sees TRON (TRX) token holders elect super representatives tasked with generating blocks and packaging transactions. Together, the 27 super representatives are responsible for keeping the network secure. The JUST ecosystem is managed by the JUST Foundation, which includes individuals from Alibaba, Tencent, IBM and "other world-class internet companies," while JUST's financial analysis team hails from "several global investment banks" according to the project website. Some of the most prominent individuals include Terance F (a blockchain expert and ex-Barclays and IBM employee), Elvis Zhang (a senior developer and experienced blockchain researcher), C Wu (a specialist in wallets and exchanges) and GL Kong (an experienced blockchain engineer and early crypto adopter). As of January 2021, a total of 2.26 billion JST is in circulation, out of a maximum supply of 9.9 billion. This represents 23% of the maximum supply. These tokens are earned by depositing, lending, and providing liquidity on the JUST Network or by completing several other actions — such as by participating in special campaigns. According to the original IEO on Poloniex, the full JST token supply is distributed as follows: Seed Sale: 11% Public Sale (LaunchBase Allocation): 4% Strategic Partnerships: 26% Team: 19% Airdrop (Only for TRX Holders): 10% Ecosystem: 30% Further information about the allocation of JST tokens, including the specifics of the vesting period for the JUST team and its inflation rate is currently unknown. However, it is known that all team tokens will be fully vested by April 2022. The full names and profiles of much of the JUST team is not public. However, it appears that the project shares some overlap with the TRON development team, since the platform was announced by TRON CEO and founder Justin Sun, and has received technical and financial support from TRON. Technical Analysis: the price has triggered the 161.8% (Extension) level of Fibonacci projection which make the 2 target (261.8%) Confirmed. we have defined 3 Targets by Fibonacci Projection of the past impulsive wave...
Long
by BitonGroup
3
RLC (iExec RLC) Token Analysis 23/03/2021Fundamentals: iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets. It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm. As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security and much more. The iExec network has been made up of computing resource providers. These are known as iExec Workers. If users want to be these workers, they can connect their machines and will be rewarded with RLC tokens for contributing their resources to the network. Application providers can monetize their algorithms, and data providers that own valuable datasets can make them available for usage through iExec. Then there is also the consensus protocol known as PoCo or proof-of-contribution that provides consensus over the off-chain computing. Thanks to this proof-of-contribution, external resources providers have the usage of their resources certified on the blockchain itself. IExec also provides distributed applications running on the blockchain known as DApps scalable secure and easy access to servers, data-sets and computing resources, and since all of this works on Ethereum, it allows for a Virtual Cloud Infrastructure that can provide high-performance computing services on demand. As such, iExec supports the emerging class of blockchain-based distributed applications and enables cost-effective, high-performance computing through a decentralized cloud infrastructure. Through making access to machines easier, a distributed cloud will allow a drastic increase in the environmental footprint of data centers. When it comes to the Founders of iExec RLC, Gilles Fedak is the CEO and co-founder. Before he began work on iExec, he worked in INRIA as a research scientist at a postdoc in UC San Diego and at ATER at University Paris-Sud. He has a Ph.D. in philosophy and computer science. Haiwu He is the co-founder and head of APAC at iExec. Before that, he was a professor at the Chinese Academy of Sciences, an innovation transfer research engineer at ENS Lyon, the co-founder of iRentCPU, a research engineer expert at INRA and an assistant professor at Hohai University. He has a Ph.D. in computing sciences. This means that iExec is built upon the work of team members who have done INRIA and CNRS research in the field of desktop grid computing. Technical analysis: there exist a bearish divergence of Price and MACD which is the sign of trend reversal or Some retracements. post retracement there are total of 3 Targets Defined by Fibonacci Projection of the retracement Wave.
by BitonGroup
8
AION (Aion) Coin Analysis 12/04/2021Fundamentals: Aion is the token used to secure and access The Open Application Network (OAN). Launched in 2018 in Canada, The OAN is a public network available to everyone. Managed by The Open Foundation, a registered not-for-profit organization, OAN aims to give the public an environment to create Open Apps. The main purpose of The OAN is to facilitate interoperability between different blockchains, thus allowing users and developers to create a variety of applications. By making the AION token the core of the network, OAN enables users to execute smart contracts, store data, and share it between different networks. The Open Application Network is a disrupting factor in the world of cryptocurrency, as it aims to bridge the gap between different blockchains. The AION token is essentially designed to allow developers and buyers to transfer from one blockchain to the other easily. Not only that, but AION provides for the execution of data transfers and smart contracts on blockchains like Ethereum and NEO. The lack of interoperability between blockchains is still one of the factors preventing the technology from entering the mainstream financial world. AION aims to create a platform that will effectively be able to replace the current way banks are running global finance. The OAN has already partnered with numerous big names in the industry like CryptoCurve, Nodesmith and BlockX Labs. Not only that, but AION is a member of the Blockchain Interoperability Alliance. The OAN blockchain and AION token are secured by a combination of delegated proof-of-stake (DPoS) and proof-of-importance (PoI) consensus methods. One important characteristic of the blockchain is that it relies on a Byzantine Fault Tolerance for additional security. DPoS is a relatively new consensus mechanism, which relies on stakeholders for the validation of new blocks, and thus, the creation of new tokens. Unlike the proof-of-work (PoW) consensus, which requires a lot of computing and electrical power for the mining process, PoS consensus mechanisms are more scalable and environmentally friendly. By placing importance on the number of coins staked. The Open Application Network is run by CEO Matthew Spoke and COO Ian Chan. Matthew Spoke is a University of Ottawa graduate and has worked for several blockchain-centric enterprises. He is also the founder of the Blockchain Technology Coalition of Canada. Spoke is also a founding member of Nuco, an enterprise blockchain network solution. In 2020, he started working on Moves, an app designed to stimulate the booming gig economy. Ian Chan serves as the COO of OAN. He has several degrees from universities including Harvard and the University of Toronto. Specializing in growth mechanisms for the financial industry, Chan has had a wide array of professional experience. In 1998, he became the senior vice-president of the Thomas Cook Group. Later, he moved on to working at Hewlett Packard, and in 2005 he joined Deloitte. Since 2018, he has been focusing on developing The OAN. There is a total supply of 487,496,874 AION tokens. Currently, all of the total supply has entered the market and is actively being traded. There is no information on whether OAN plans to release more tokens in the future or if the current total supply will also be the maximum supply for AION. Founders and other team members received about 40% of the total supply of AION tokens. Another 51.5% of AION tokens were directed towards Token Release Schedule Contracts, which will be gradually made available to the public over time. Finally, the remaining 8.5% of tokens were distributed among private investors interested in the seed phase of AION’s launch. The live Aion price today is $0.477136 USD with a 24-hour trading volume of $29,538,692 USD. Aion is down 7.14% in the last 24 hours. The current CoinMarketCap ranking is #199, with a live market cap of $234,954,584 USD. It has a circulating supply of 492,427,074 AION coins and the max. supply is not available. The top exchanges for trading in Aion are currently Binance, BiONE, CoinBene, KuCoin, and Bithumb. Technical Analysis: as specified the coin has done it initialization and Accumulation Phase and currently is on the Move UP phase. as of now as we are in the Parallels Legs of Fibonacci Projection, we may have some resistance and distribution followed by some price correction to some lower levels for Reaccumulation and preparation for the higher impulsive cycles. there are total of 3 Targets defined by Fibonacci Projection. where as currently we are close the 1TP which is the extension level of fib Projection and it acts as confirmation of our 2 TP. Sentimental analysis: as we are currently in a Crypto Bull run and Bitcoin Dominance is at the Falling stage so does the Monetary Value of it gets distributed to the Altcoins and (Aion) has some good chance of acquiring some volume for better growth. it make the Sentiment of the markets to be bullish on it
ALong
by BitonGroup
5
XRP (Ripple) Coin Analysis 19/03/2021Fundamentals: To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database. The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform. While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin). XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT. RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others. The live XRP price today is $0.473799 USD with a 24-hour trading volume of $2,833,524,754 USD. XRP is down 1.35% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $21,512,378,294 USD. It has a circulating supply of 45,404,028,640 XRP coins and a max. supply of 100,000,000,000 XRP coins. The top exchanges for trading in XRP are currently Binance, Huobi Global, Bybit, OKEx, and BitZ. You can find others listed on our crypto exchanges page. Technical Analysis: there are total of 3 Targets Defined by Fibonacci Projection 3 TP is very dependent on the Process of the 2TP achievement. (Triger followed some retracement)
Long
by BitonGroup
10
STORJ (Storj) Tokens Analysis 29/03/2021Fundamentals: Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform. Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018. People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens As a decentralized cloud storage network, Storj is unique in more ways than one. For one, unlike traditional cloud storage solutions that store data in huge data centers, Storj runs on a network of thousands of independent computers. Anyone with a few extra terabytes of space can become a node on the platform by installing Tardigrade. All that is required is a strong and consistent internet connection. The efficiency of the network means that hosts pay far less for the storage of their data than when employing Storj was founded by Shawn Wilkinson in May 2014. Wilkinson was a software developer based in Atlanta. He saw how blockchain technology could be leveraged to build a decentralized cloud storage network. Together with his co-founder, John Quinn, the first white paper was published late 2014. Since then, the concept and details have changed. The current version of Storj, V3, was launched in the middle of 2019. In addition to being a blockchain enthusiast, Quinn had extensive background in business development. Prior to founding his own projects (including Storj) he had been involved in the investment banking industry. The concept was finally incorporated as a company — Storj Labs Inc. in May 2015. At the company’s inception, Wilkinson served as CEO. Later, he stepped down for a more experienced hand to take the wheel, with Ben Golub currently serving as CEO. Wilkinson is now the chief strategy officer (CSO), while Quinn serves as the chief revenue officer (CSO) as well as a member of the company’s board. The platform was able to raise 910 bitcoin worth about $460,000 in 2014 in a public crowd-sale. They raised $3 million in a seed funding round three years later and then held a token sale, generating an additional $30 million that same year. Technical Analysis: the Price has touched the extension level 161.8% Fibonacci Projection and currently had retraced to the parallels leg of the same fib which the good sign of trend continuation to the 261.8% there are total of 3 Targets which is the 161.8% fib Projection and the Past ATH and the other is the 261.8%, 361.8% with some price correction in between
Long
by BitonGroup
11
COTI (COTI) Coin Analysis 13/04/2021Fundamentals: COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money. COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers. COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020. It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast. The ecosystem has DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution and a payment gateway. The thing that makes COTI unique is COTI’s platform. This platform enables companies to effortlessly create advanced fintech products and save time, data and money. COTI pay can process every kind of payment type, both in terms of online payments as well as offline ones. This includes crypto and stablecoins, as well as credit cards and even native coins. It has built-in financing to boot, with interest earned on deposits and loans. This also connects with the white label payment network. Traditional payment systems simply cost both merchants and customers amounts up to billions of dollars on an annual basis. As such, the white label payment network is a global payment network for users and merchants that make transactions freely throughout a digital wallet, coin and much more. COTI is also the world’s first platform that is optimized for the creation of coins that are stable in price. As such, a user has the ability to issue their own stable coin and regain full control over both their money and their data. COTI has an infrastructure that is based on the DAG protocol and their Trustchain algorithm. Above this infrastructure layer lies the services layer known as Coti X. Coti X offers KYC and compliance, interoperability exchange, buyer-seller protections and stability frameworks. Then you have the COTIPLAY layer, which offers externally developed stable coins, externally developed payment apps and much more. COTI uses a hash table as its data structure which is based on chaining. This means that the blockchain itself can secure the computing and privacy of customers. The COTI protocols have made the system a lot more secure for both buyers and sellers. As such, COTI has an ecosystem that provides robust cybersecurity measures around data integrity as well as confidentiality. The COTI wallet is based on the React Native Framework and provides cross-platform functionality and portability. The COTI wallet requires user credentials and is paired with 2FA login in order to establish a connection with the node manager. Once this is established, all communication requires the wallet’s seed. This means that all of the messages are validated and no spoofing or manipulation is possible within this system. COTI was founded by Samuel Falkon and David Assaraf. Samuel Falkon is the co-founder of COTI Group and works as the VP of business development at COTI Group. He is also the chief revenue officer at Paywize, as well as the founder of Gil Scott Ltd. David Assaraf is the co-founder of COTI Group, and he also co-founded Frequants and was a member at the board of directors at an amusement park. COTI (COTI) has a maximum supply of 2,000,000,000 COTI coins. The live COTI price today is $0.351643 USD with a 24-hour trading volume of $45,532,864 USD. COTI is down 3.88% in the last 24 hours. The current CoinMarketCap ranking is #199, with a live market cap of $235,509,607 USD. It has a circulating supply of 669,740,238 COTI The top exchanges for trading in COTI are currently Binance, VCC Exchange, Bidesk, HitBTC, and KuCoin. Technical Analysis: the Coin has done its Initialization and Accumulation Phase followed by an impulsive wave which can be used for the Projection of the UP move and Impulsive cycles. currently the Price is at the Fibonacci Retracement Golden Zone which if Stand will Bounce the Price to ATH and 1 TP and if not there exist an other support area which can be counted on. there are total of 4 Targets defined by Fibonacci Projection of the Initial Wave. the 3 TP gets its Confirmation as the 2 TP gets Triggered followed by some price correction and distribution.
Long
by BitonGroup
18
BTT (BitTorrent) Token Analysis 09/04/2021as we had analyzed this Token and Bought is for our Portfolios now we are updating the new Targets for better capitalization Fundamentals: BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018. Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard. According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world. BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content. Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly. In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018. Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base. Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations. BitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing. BitTorrent says that it employs “the highest level of security measures” in order to secure user funds, but advises that cryptocurrency involves inherent risk. The company recommends that users protect themselves against theft, in the form of malware or similar programs, by using options such as biometric verification. The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena. Cohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive. The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him. TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. The move formed part of TRON’s efforts to add further decentralized features to the platform. BTT is BitTorrent’s native cryptocurrency, issued on TRON’s blockchain as a TRC-10 standard token. The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale and 9% in a seed sale. Another 20.1% are reserved for airdrops, which are set to occur at various points until 2025. The BitTorrent team and umbrella organization, the BitTorrent Foundation, were awarded 19% of the supply. The TRON foundation holds 20%, with 19.9% going to the BitTorrent ecosystem itself. A final 4% of tokens are reserved for partnership activities. BTT plays various roles in BitTorrent’s products, including allowing users to pay others for faster downloads with BitTorrent Speed. The live BitTorrent price today is $0.009506 USD with a 24-hour trading volume of $3,092,184,367 USD. BitTorrent is up 20.03% in the last 24 hours. The current CoinMarketCap ranking is #22, with a live market cap of $6,273,546,751 USD. It has a circulating supply of 659,952,625,000 BTT coins and the max. supply is not available. The top exchanges for trading in BitTorrent are currently Binance, Huobi Global, Upbit, OKEx, and CoinTiger. Technical Analysis: as we can see this token as showed a very powerful impulsive wave followed by some Price Correction and distribution as of now the Golden zone of the Fibonacci retracement has shown a powerful support and we can count on the second impulsive wave as soon as the distribution or consolidation phase gets over and Reaccumulation phase starts there are total of 4 targets defined where as the 3 TP gets its confirmation as the price triggers the 2 Target followed by some consolidation and price correction
BLong
by BitonGroup
15
RUNE (THORChain) Token Analysis 23/03/2021Fundamentals: THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process. With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker). The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process. THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its mainnet originally launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021. THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. On top of this, THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps. This is all kept behind the scenes, making the platform accessible to even inexperienced traders. The platform isn't profit-oriented. All fees generated by the protocol go directly to the users, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else. The RUNE token is currently available on multiple blockchains, including Binance Chain (as a BEP-2 token) and Ethereum (as an ERC-20 token) According to an official representative of THORChain, the platform has no CEO, no founder and no directors. Instead, the further development of the platform is organized through Gitlab. On top of this, those currently working on the project are largely anonymous. Again, an official representative of THORChain states that this is to "protect the project and ensure that it can decentralize." A tweet by the project sheds some light on the theory behind maintaining a project with an anonymous team, as quoted below: “-> Developers work for the Nodes, by shipping code that makes the system more valuable. -> Nodes work for the Stakers, by securing assets and being online. -> Stakers bring capital, placed on-market for the Swappers. -> Swappers pay fees, bringing economic activity.” Technical Analysis: there exist a Bearish Divergence between the Price and MACD, which is the sign of Bullish Trend Reversal and retracements followed by some price correction and Consolidation before Reaccumulating for the next Impulsive Bullish Wave. we have defined some Retracement and Support levels which are the Fibonacci Retracements Levels where as any of them could stand and Bounce the Price Back to the new Highs, we have defined 2 Targets by the Fibonacci Expansions zones -27% and -61.8% of the same Impulsive wave.
by BitonGroup
4
PIVX Coin Analysis 17/03/2021Earlier Weekly Time Frame Analysis: Fundamentals: PIVX was announced on November 25, 2015. PIVX is short for Private Instant Verified Transaction Cryptocurrency and is a privacy-centric proof-of-stake cryptocurrency that was forked from DASH. It focuses on community governance and decentralization. PIVX is building a digital means of exchange with the main focus on minimizing the transaction times and fees while maintaining privacy and security. PIVX was launched on January 31, 2016, by James Burden. PIVX did not have an initial coin offering and instead, 60,000 PIVX were pre-mined to allow for 6 masternodes to operate on the initial network. After the initial setup, these coins were burned as soon as the PIVX community grew to the point where it became self-sustainable. PIVX is a decentralized autonomous organization (DAO) that is self-funded and community-driven. It is a third-generation privacy coin and uses a modified version of Dash’s masternode architecture. It also uses Zcoin’s Zerocoin privacy protocol. Its transaction capacity can reach up to 1000 transactions per second through the usage of the SwiftxX payment protocol. PIVX also uses a proof-of-stake consensus mechanism that involves two parties: the masternodes and the validators. Masternodes are responsible for voting on development proposals that are put forward by the PIVX community and validating the transactions on the blockchain with a single confirmation. 10,000 PIVX is the minimum requirement to run a masternode. Each masternode gets 1 vote and is not involved in the mining of new tokens. Validators are responsible for mining PIVX. They have a chance of generating a block proportional to the number of PIVX they have staked. 500 PIVX can generate a single block, which is completed within a 60 second time period. When a block is generated, it brings a reward of 6 PIVX coins, two of which go to the validator and three to the masternode, while one is allocated to the PIVX treasury. If a user wants to store PIVX, they can do so in three ways: on the Ledger hardware wallet, the PIVX desktop and mobile wallets, or the Coinomi desktop and mobile wallets. James Burden is the founder of PIVX. Aside from this project, he is also the founder of VEIL. Burden used to be a senior technician at IBEW 357. He graduated from the College of Southern Nevada. Burden has over 20 years of experience working as a hardware technician and has been an active cryptocurrency developer since as early as 2012. He stepped away from PIVX in April 2019. Technical Analysis: the price has done its Accumulation phase and showed the signs of Move UP, by Candle Stick Analysis we can see there are big Bullish Candles post the Accumulation Phase, which is the sign of Bullish trend Continuation. there are total of 3 Targets Specified by Fibonacci Projection we get the 3 TP confirmation as the price Triggers the 2TP followed by some Price Correction.
BINANCE:PIVXUSDLong
by BitonGroup
8
NPXS (Pundi X) Token Analysis 04/04/2021we have capitalized on two Stages... we initially Bought Coins at this Stage: we Added 100% more at this Stage and sold 25% at the 3 TP: Fundamentals: Pundi X is a leading developer of blockchain-powered devices with the aim of transforming retail businesses with its blockchain-based point of sale solution. The solution allows retail merchants and consumers to conduct instantaneous in-store transactions on its blockchain. The blockchain solution was founded in 2017 and launched its ICO in January 2018 as the world's first point-of-sale solution. Following a successful ICO, Pundi X has successfully launched retailed focused services including XPOS, XWallet and XPASS as well as the world's first blockchain phone called BOB. The company, which has its headquarters in Singapore, has shipped its XPOS solution and devices to over 25 markets including the United States, Spain, Argentina, Korea, Australia, Colombia, Spain and Taiwan. The goal of the Pundi X project is to make cryptocurrency available to everyone. While other similar projects attempt to outperform the banking system, Pundi X looks to simplify transforming retail businesses to make this happen. Pundi X has created a blockchain payment ecosystem with the XPOS, XPASS and the virtual XWallet. The XPOS is the world's first blockchain-powered wireless point-of-sale (POS) for cryptocurrencies. Using the XPOS, retail merchants, as well as consumers, can easily buy, sell and transact using digital assets in physical stores. The product is designed to accept every cryptocurrency. Popular digital assets like Bitcoin (BTC), Ethereum (ETH) and Pundi X (NPXS) are listed within the ecosystem. The XWallet mobile app is the bridge between the regular digital asset wallets and the Pundi X payment ecosystem. Users can use the XWallet to easily manage their digital assets, make transfers, check balances, and top-up the supported cryptos in the XWallet. The virtual XPASS card is issued to every registered XWallet user. In June 2019, Pundi X launched the Open Platform to support more blockchains. Since then, DeFi developers and projects have registered and uploaded their ERC20 tokens to the Pundi X ecosystem, increasing its use. The Pundi X project was founded in 2017 by Zac Cheah and Pitt Huang. The pair met in an HTML5 Interest Group in 2012, and the single idea that created the startup was a way of making cryptocurrencies a part of the daily lives of everybody. Zac Cheah currently serves as the CEO of Pundi X. Prior to his role at Pundi X, Zac was formerly the W3C Chair of the HTML5 Interest Group. Zac, a skilled programmer received his MS.c in Computing from the KTH Royal Institute of Technology, abbreviated KTH, Sweden, and M.Sc in cybersecurity from the Norwegian University of Science and Technology, Norway. Pitt Huang currently serves as the chief technical officer and chief operating officer of Pundi X. Pitt who began coding at the age of 10. In his high school, he was already building space games. He is also an avid entrepreneur and investor. At the age of 25, he had founded and sold his first Groupon-like company to Baizhu in 2008. He has started and sold several other businesses, including a 200 person company. Like the native tokens of other payment-centered crypto platforms, the great majority of the Pundi X (NPXS) tokens have been issued. Other brokerage services that take this approach include Binance (BNB), Voyager Token (VGX) and ( Troy (TROY). Pundi X initially launched with the PXS and PXSXEM tokens, the tokens were swapped for the NPXS tokens between March and September 2018. The swap rate was set at one PXS token for 1,000 NPXS. The current circulating supply of NPXS tokens is set at 235,514,908,115 tokens, while the max supply is set at 258,526,640,301 NPXS. At the moment, 91 percent of the NPXS tokens there ever will have been issued. The NPXS tokens are non-minable, they are instead issued weekly as staking rewards. Now NPXS is PUNDIX every 1000 NPXS will be one PUNDIX Technical analysis: as we can see the Token has completed an Elliot cycle and now the Price is in the Linking Zone, we may have some retracement in order to re accumulate and start its New Cycle. we can see over cross on the MACD which is the sign of some price correction and retracement we have defined 3 Targets by Fibonacci projection and 1TP also has confluences with Fibonacci Expansion the 3 TP Gets Confirmation as soon as the 2 TP gets Triggered.
NLong
by BitonGroup
6
SKL (SKALE Network) Token Analysis 24/03/2021Fundamentals: SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible. The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security. According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure. SKALE Network is geared towards improving both security and decentralization of Ethereum-based apps. Token holders on the SKALE Network are incentivized and earn rewards by helping to improve the scalability and security of the platform by serving as validators. The SKALE Network was the first project to launch a token on ConsenSys Codefi’s Activate platform — which is “designed to launch decentralized networks and allow customers to purchase, manage and use their tokens — all in one application.” Activate was designed to create new standards for the distribution of utility tokens, and ensure that networks are fully usable as soon as tokens are sold. It’s hoped that this approach will help clean up the appearance of the initial coin offering sector, which has been susceptible to scams in recent years. By launching a token that meets regulatory standards, SKALE is intending its token to be widely adopted and avoid any fraudulent activity. Ethereum is typically slow to verify and authorize transactions. Using SKALE Network greatly improves the speed at which Ethereum verifies transactions as SKALE can operate much faster and run up to a maximum of 2,000 transactions per second per chain, according to the team. SKALE Network was founded by Jack O’Holleran and Stan Kladko, both of whom have vast experience across the software industry. O’Holleran — the co-founder and chief executive of SKALE — is a technology entrepreneur who specializes in blockchain and decentralized systems. He continues to hold a strategic advisor role at Aktana, the life sciences company he co-founded in 2008. According to his LinkedIn profile, O’Holleran began the early stages of his career as an account executive at Good Technology. He spent two years there before joining Motorola’s business development and product strategy division. Kladko spent many years obtaining a PhD in physics prior to co-founding SKALE, and worked for 16 years as a technology executive in San Francisco’s Silicon Valley. He has co-founded several other companies, including Galactic Exchange and Cloudessa. Technical Analysis: this token has done its initializations and volume accumulations phase twice earlier and now it is on the move up, there are total of 3 Targets defined with Fibonacci Projection where as we get the 3 TPs confirmation as the price triggers the 2 TP with impulsion, followed by some price correction.
Long
by BitonGroup
7
REN (Ren) Token Analysis 23/03/2021Fundamentals: Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018. The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes. Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains. Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects. As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH). RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which makes up RenVM are called Darknodes. Ren charges various fees for internal operations, but most do not go towards direct profitability, instead being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions. Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.” Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital. Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren. Technical Analysis: As we ca see the Token is trying to break down the Support of 61.8% of Fibonacci Retracement there are good chances that the 78% level of Fibonacci Retracement stands and and if so then the New Rally Starts. there are total of 3 targets where as the 1 TP will be vary easy to achieve
Long
by BitonGroup
13
HNT (Helium) Analysis 12/03/2021Fundamentals: Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013. Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature. Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities. Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT. The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable. In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves. Helium’s three co-founders Amir Haleem, Shawn Fanning and Sean Carey started the company in 2013. Haleem has an active eSports and game development background. Fanning, by contrast, is well known for developing Napster, the music sharing service which was one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s. Carey meanwhile held multiple development roles prior to Helium, which included advertising optimization firm Where, acquired by PayPal. Helium’s team now consists of members which the company says have experience in “radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies.” Technical Analysis: as you can see the price has already done its accumulation phase and started rallying to the parallels legs of Fibonacci Projection. it is currently consolidating in the projection zone and we are waiting for the higher levels which is the Extension zone and 261.8% and 361.% of the same Fib Projection there are totally 3 Targets Defined
HLong
by BitonGroup
35
Verge seems to be Undervalued and Good for Investment 24/02/2021Verge (XVG) is a decentralized open-source cryptocurrency which offers various levels of private transactions. It does this by obfuscating the IP addresses of users with Tor and by leveraging stealth transactions making it difficult to determine the geolocation of its users. Verge Currency has a maximum supply capped at 16,5 billion XVG. It uses the Proof of Work (POW) mining principle with multi-algorithm support and 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. Verge Currency was created in 2014 and originally named DogeCoinDark. It was rebranded to Verge Currency in 2016. Following the bitcoin principle, Verge Currency has a transparent ledger that allows anyone to view all of its transactions, but protects user identities and locations. This was achieved by integrating both Tor to not expose IP addresses and using stealth transactions, formerly known as Wraith Protocol, to hide the value of transactions. In April 2018, it was announced that the adult entertainment provider MindGeek would begin accepting Verge Currency as a payment option on its website network. Also during April and May 2018, Verge Currency suffered from timestamp exploit on one of its 5 mining algorithms. This could have resulted in a 51% attack if it had only one algorithm. as of now we can have up to 4 TPs for this coin and it seems to be very promising as an investment alternative and worth of reweaving and researching more on its fundamentals...
Long
by BitonGroup
10
Pundi X Retracement is almost Done, can be Longed 24/02/2021as we can see NPXS has almost done its retracement and now getting ready for an other rally cycle, we have specified total of 3 TPs, the 1TP is the one we can easily target after the current retracement is over the the bull run cycle starts 2 TP is the Trigger for the 3 TP so if we get to the 2 TP directly after the 1 TP cycle, we can be very optimistic about the 3 TP too on the line. please comment your opinions
NLong
by BitonGroup
16
ACC Limited seems to be Dicey a bit and may Fall Soon 20/02/2021as we can see the price has retested its ATH and it was trending in an ascending wedge, where at the Squeeze Section we are observing Bearish Divergence with MACD, which is the sign of trend reversal and probably some retracement of the same bullish trend. this divergence can act as Hidden Bullish Divergence if the Price break it current Resistance zone in Red Box and its ATH, and the Bullish target can be 2080 easily. the other scenario of Bearish trend reversal we can target the Support zones up to the Green box where i have mentioned the Heavy Support Zone, we can have 61.8% level as a good target in case of trend fall. we can short it in any bullish pullback and ride it to the next Support area and trill our SL accordingly above the Support which turns to resistance. we should have a good eye on NIFTY for better trend prediction on this ticker. please comment your opinions...
NSE:ACC
by BitonGroup
4
GBPNZD Weekly TF 04/02/2021in this analysis we are focusing on a very long term position which can be kept opened for a year and half or more, we have a simple descending channel and a Fibonacci projection which is having confluences between the parallels leg and lower bound of the channel we have specified the 1 TP as the ATL and it can be achieved probably by mid or end of 2021 and the 2 TP can be for 2022 there is a Green TP zone which should be traded very carefully, we should reanalyze the market when the price had fall to the zoon or 127% of Fibonacci projection
Short
by BitonGroup