Bullish sentiment for 2022 on High Performance Blockchain (HPB)High Performance Blockchain (HPB) could finally be in a position to realize the potential that many industry experts predicted for the chain back in 2018. The HPB chain is a layer 1, main-net Ethereum EVM-compatible chain, but it's unique feature is that it combines dedicated, custom-developed blockchain hardware, with the Ethereum Virtual Machine (EVM) software.
The custom hardware, known as the " Blockchain Offload Engine " (BOE) accelerator card, is in some ways similar to a computer graphics card, only the BOE card was developed from the ground-up by HPB CEO Xiaoming Wang , to specifically run the HPB blockchain network. It is currently the only blockchain the world to fuse hardware and software in this way.
The BOE card is what allows HPB to run at 5000tps (transactions per second) when compared to the Ethereum Network which runs at 15tps.
In addition, the associated "Gas" fees with the HPB chain are around $0.0001 per transaction, compared to Ethereum's $50 per transaction at certain times of the year.
HPB is faster, cheaper and more eco-friendly than Ethereum, utilizing a Proof of Performance (PoP) consensus mechanism, but the real jewel in the crown is the "Hardware Random Number Generator" , referred to as HRNG.
The reason people in the industry are becoming so bullish on HPB right now is because many industry experts predict that " GameFi " will be the next big thing in blockchain. Gaming, with connections to blockchain, is estimated to be worth $55 Billion USD in 2022 according to Crypto.com - One of the elements critical to the success of GameFi, is the ability to harness PROVABLE random numbers , which are used to allow games to be completely non-deterministic and unbiased.
Up until now, blockchains have typically used "pseudo" random number generators (PRNG) which are flawed. They used a seed value to generate random numbers, and these random numbers are based on mathematical calculations and algorithms. The issue with this type of mechanism, is that if someone knows what the seed algorithm is, then they can ultimately deduce the "random" number derived from it. Quite simply, users could not trust a platform where the random numbers are not truly random.
There is room for misuse with this type of pseudo random number generator, and it is part of the reason why games, casinos and lotteries have struggled to make an impact thus far in the blockchain industry.
HPB aims to solve this issue with HRNG which is known as a "True" random number generator (TRNG) as instead of deriving random numbers from a software-calculated seed value, it derives its seed value from the BOE accelerator card hardware. TRNG's can only be certified as provably fair if the seed value comes from naturally-occurring phenomena. High Performance Blockchain use their BOE card to monitor tiny micro-voltage fluctuations (down to 0.0001 volt) on the ever-changing power-draw of the BOE card, and then use an analog-to-digital hardware chip to convert those values into a 256-bit hexadecimal string. This constantly-changing string is then used as the seed value to generate truly provable random numbers.
Better still, the random numbers can be generated for free by software developers wishing to develop DApps on the HPB chain. Unlike competitor oracle solutions such as Chainlink (LINK) VRF, which can cost up to 0.2 LINK tokens per random number called (approximately $5 in early 2022), the HPB HRNG supplies the provable random numbers at every 6-second block for free.
This could revolutionize the blockchain industry, and DApp developers will be looking to take advantage of HPB random numbers as the GameFi sector matures.
In addition, HPB are now making strides to provide the necessary developer tool-sets that DApp developers come to expect, and they are also developing a decentralized Random Load-Balanced (RLB) crypto bridge to connect to other EVM chains including Polygon, Binance Smart chain, Avalanche, Fantom, Tron and others.
To put some perspective into upside potential of the HPB project, the current MCAP of High Performance Blockchain is £3 Million USD - It is a layer 1 main-net blockchain and the only chain in the world to fuse hardware (BOE card) with software. This is in comparison to a layer 2 sidechain such as Polygon which cannot generate TRNG random numbers on chain, and has a current MCAP of £11 Billion USD - So in effect, HPB would need to 4000x in value to reach parity with a chain that many blockchain technical experts believe to be an inferior chain to HPB.
HPB is also running a hackathon competition on DevPost in May, inviting developers from all around the world to come and try out the chain. The HPB Global Telegram community have never been this bullish.
HPB
HPB/BTC - The easiest 100x potential coin for 2022?High Performance Blockchain is an old and forgotten coin from 2017. 99% of the community has already capitulated. Nonetheless, the project surprisingly actually lives up to its name.
With extremely low fees (as low as $0.000000001 per transaction), an extremely high number of TPS, NFTs being minted almost for free, DEXs being built on the blockchain and the community considering to rebrand the project and bring it back to life, High Performance Blockchain already has everything it needs to become a top 50 project. The only thing it's missing right now is a large, active community (since the old community has capitulated) and exposure / hype / marketing / brand awareness, which I hope to see in the future after we have rebranded and draw in a whole new crowd.
As far as technical analysis goes, it is difficult to say whether we have already bottomed out at 200 sats or if we have yet to make a new all time low in sats as Bitcoin begins to recover and eventually hits new highs. HPB has one of the most rekt charts in all of crypto, with its ATH at 80k sats and its ATL at 200 sats.
This is a very high risk / high reward coin to trade because not only has it been in a steady downtrend for years, it is also extremely illiquid, meaning it is important to use the right strategy. In this case, the right strategy is to start Dollar Cost Averaging (DCA) down from 400 sats and under, and aim to hold it for the long-term. So buy a little bit under 400 sats, and then just wait and see for a while. If it gets to around 300 sats or under, put in some serious money. After that if it still keeps on dropping, wait for it to make a new ATL in sats before buying any more.
The potential gains on this one are absolutely ridiculous if it manages to revive like SNX, BQX and AAVE did. As you can see, even 100x or more against Bitcoin isn't all that spectacular since the chart is so rekt.
In the case that we get a big random pump, the first target is around 2500 sats, after that ~8000 sats. If the project actually revives like I think it eventually will, targets are set at 20k sats +.
So yeah, don't FOMO into this one. Start off with a very small bag and slowly DCA over the next few months. Then sit back and hold it for the next year or so to possibly get 100x returns or more.
Good luck to you all and fingers crossed that HPB manages to rise from the ashes like many others have already done!
I AM BULLISH ON $HPB Bullish setup if: the price forms a higher high above the all time low zone, It will bounce hard.
IF Breaks all time low price retests and closes lower the we might be heading to 100 sats price level.
HPB in accumulationHPB is currently being accumulated and as soon as it breaks out of the triangle it will go upwards, facing red resistance zones. As soon as we break from them we will go to a higher one.
I would not advice though to sit too long in it. Short-term almost 40% potential profits and midterm 90%
datalize.org
$HPB - Another breakout from symmetrical triangle with 100% moveThis is an interesting chart in that my previous chart for HPB spoke about a breakout from the symmetrical triangle with a measured move to 3100. That's exactly what happened a few days later.
Now we have the same support line as before but a second symmetrical triangle with a measured move to around the 4500 Sat level.
Long term HODL HPBI have posted a chart for shorter time frames. All targets have been hit in a day with what we call a HUGE burst of uptrend.
This is a clear bullish trend reversal signal, as EMA's are crossing for the very first time on the daily chart, and we are now officially in a BULL mode.
Bull markets are different to trade than bear markets.
In a bear market:
- You take profits on every pump
In a bull market:
- You hold
- You buy the dips
- You can sell a bit around those resistance areas for a scalp (but it comes at a risk with an irrational bull market)
Those are very simple rules. We are looking at huge gains here with HPB, especially that the fundamentals are now stronger than ever, and marketing is ramping up.
You can check Bitboy's video on HPB for a comprehensive FA list :
www.youtube.com
HPB above 50W for the first time ever and will 10x in 2020HPB just broke above the 50 weekly for the first time ever so its bullish as bullish can be.
10x in 2020 is a more modest target, the fib is just insane, this could go 250x or more in the long run!
FA is there too but DYOR on that one. In terms of 'charts' and entries it doesn't get much better than this! Get in son!
$HPB A Possible 500% price movement from hereHPB is moving nicely from the breakout and moving toward the 3100 level.
What happens when it reaches 3100?
I expect it will get a slight pullback from there before bursting through the 3100 level and it's clear skies all the way to 13000 satoshi from there, which is a 500% increase from todays price.
I am putting a conservative timeframe for this to happen for the end of 2020.
HPB is making moves again and working on their product so it's not just a TA play is an FA play as well.
$HPB - A potential breakout of symmetrical triangle (100%+)Looks like $HPB could breakout to the upside out of this symmetrical triangle pattern.
This could see a 100%+ move above 3100 Satoshi.
HPB : Trader's perspectiveHello,
HPB broke out of the Ichimoku cloud and is attempting to consolidate before a next run up.
Good volume on the breakout and FA interest sparking again.
Targets shown on the chart. Time frame : 2 weeks
HPB Hasnt Moved Yet! I think that will change Now! Targets Jeremy Hebrew Harris coming to you all with Hpb one of the few remaining charts like this that i have been able to find that even while bitcoins ups and downs happen this pairs has remain stagnant!!
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High Performance Blockchain [HPB] with BitcoinAs there is no chart for High Performance Blockchain here, there you go :
This coin has dropped a lot. It dropped from 12$ to 0.5$. For those who don't know it, it's the first blockchain that uses hardware to tackle bottleneck speed, and officially tomorrow will be the fastest blockchain in the space with 20000 tps. (Real numbers, and not scam claims)
Reasons it dropped so hard :
- Bear Market ( obvious)
- Chinese project: With chinese projects, most of them are scams, as the chinese have perfected the art of scamming, so without proof of a product, one should be afraid
- No marketing and communication at all from the team
- Lots of coins were locked in the supply
- Masternode plan wasn't satisfying
BUT, all these points now have been answered:
- Market is about to change directions ( refer to my other analysis)
- HPB found legitimacy when western masternode holders received the BOE hardware and proved that the project is legit
- HPB hired a powerful marketing western team and 3 new western employees that are doing an excellent job
- Coins got unlocked
- Masternode plan got improved
Also to note:
- HPB found its bottom around 10k satoshis
- Tomorrow is the mainnet : the price will increase gradually as more dapps join the network, and considering the competition, HPB has a MASSIVE advantage over the others
- Only on 3 exchanges, and Binance listing will drive the volume up way higher
This is a great buy, and we are expected to surpass all time high. However, if you are just trading short term, all time high will yield you over x9 in gains.
