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DATA (Streamr DATAcoin) Token Analysis 13/04/2021Fundamentals: Streamr is a distributed open-source project, crowdfunded in 2017. The project's goal is to build the decentralized infrastructure for real-time data, replacing centralized message brokers with a global peer-to-peer network. By relying on cryptography instead of trust, the open-source network aims to enable data sharing and monetization in IoT and smart cities, business consortia, individual crowd selling through Data Unions and the decentralized web (Web 3.0). The Streamr tech stack includes a pub/sub messaging network, data marketplace to trade and crowdsell real-time data, and a real-time data toolkit. The live Streamr price today is $0.207965 USD with a 24-hour trading volume of $24,721,262 USD. Streamr is down 3.88% in the last 24 hours. The current CoinMarketCap ranking is #301, with a live market cap of $180,773,471 USD. It has a circulating supply of 869,250,679 DATA coins and the max. supply is not available. The top exchanges for trading in Streamr are currently Binance, BiONE, HitBTC, BKEX, and Bitfinex. Technical Analysis: The Token has done its initialization and Accumulation phase followed by an impulsive wave. currently the price is at the retracement phase after a distribution at the 61.8% or the Golden zone of the Fibonacci Retracement There exist a strong support area at 0.125USD There are total of 3 Targets Defined by Fibonacci Projection where as the 2 TP is confirmed and 3 TP gets its confirmation after the 2 Target achievement followed by some retracement and price correction.
Long
by BitonGroup
10
COS (Contentos) Token Analysis 12/04/2021Fundamentals: Contentos is a decentralized global content ecosystem invested by Binance Labs (the blockchain incubator of world’s largest exchange, labs.binance.com), DHVC and various class-leading funds. Contentos TestNet was launched and its real-time network status can be viewed on Contentos Block Explorer (explorer.contentos.io). It aims to create a decentralized content ecosystem, where assets can be freely produced, authenticated, and distributed. The team consists of experts from the content industry, who have worked on top-tier consumer applications and blockchain projects. Contentos is not only a blueprint for what digital content ecosystem might look like in the future but we have multiple working use cases: Contentos is working with strategic partners, LiveMe and Cheetah Mobile, that have amassed over 60+ million monthly active users. With real-time user feedback, Contentos will become a premier blockchain project as it places the interest of users first. the Clients does not require KYC for trading on the exchange, withdrawal and deposits. Contentos price today is $0.03918404 with a 24-hour trading volume of $39,611,482. COS price is up 2.1% in the last 24 hours. It has a circulating supply of 3 Billion COS coins and a max supply of 10 Billion. Binance is the current most active market trading it. Technical Analysis: the Token has done its Initialization and Accumulation Phase and has shown an impulsive wave and Move Up Cycle the Price has touched the 161.8%(Extension Level) of the Fibonacci Projection of the first Accumulation and impulsive wave which means the price is going to touch the 261.8% of the same Fibonacci Projection which is the 1 TP followed by some retracement and 2 TP.
Long
by BitonGroup
3
AKRO (Akropolis) Token Analysis 06/01/2022Fundamental Analysis: Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging. The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products. Akropolis was first announced in March 2018, launching on the Ethereum mainnet in June 2020. Akropolis was conceived as a distributed savings and pensions fund — a solution to what it described in its initial announcement as ""a looming pension deficit apocalypse"" resulting from the inevitable collapse of state pensions systems. But in August 2020, the company stated that it had shifted its focus to building the underlying framework for such a system by creating AkropolisOS to allow for the rapid launch of for-profit capital pools. AkropolisOS is a Solidity-based, modular framework for the creation and management of distributed capital pools and serves as the base for the company's Sparta and Delphi platforms, with the former providing access to uncollateralized loans. Akropolis has claimed that unlike other DeFi protocols, its products reduce the risk associated with these loans by providing community incentives in the form of AKRO to those who provide accurate risk assessments. The company provided some insight into its business model in December 2018, reporting that it would focus on building a pipeline of institutional partners and clients, developing technology and academic partnerships, and building out the Akropolis ecosystem. It also holds a significant number of AKRO to be used for internal operations such as marketing and partnership building. The Akropolis suite of products utilizes a governance token, AKRO, to help secure its protocol. As an ERC-20 token, AKRO transactions rely on the Ethereum blockchain's proof-of-work consensus algorithm to validate any on-chain records. With a PoW consensus, miners compete among each other to add new blocks to the blockchain, and a majority of all nodes in the network must confirm a record for it to be posted. In August 2019, the smart contracts for AKRO were audited by blockchain security firm CertiK. The company found that the smart contracts — after Akropolis implemented some suggested changes — were ""structurally sound and not vulnerable to any classically known anti-patterns or security issues."" In August 2020, Akropolis reported that there had been several attempted, but unsuccessful, hacks of its smart contracts. As a result, it moved all unlocked ARKO still in smart contracts to custodial wallets with higher-grade, institutional security. Later that month, it announced a bug bounty program, with rewards paid in AKRO or stablecoins to those who report a previously undiscovered security flaw. Akropoli was founded in 2017 by Ana Andrianova, with Kate Kurbanova joining later as a co-founder. Prior to starting Akropolis and serving as its CEO, Andrianova co-founded and was managing director of Apiro Capital, a data- and technology-driven investment management firm, in addition to founding private equity advisory firm Sirin Capital. She has additional investment experience from serving as a fund manager for the Lehman Brothers and an emerging markets hedge fund analyst for Emergent Asset Management, where she was responsible for private equity fund strategy. In addition, Kurbanova has served as an advisor for The Bee Token, the Web3 Foundation, Tenzorum and OpenMaker. Kurbanova first began with Akropolis in January 2018 as an advisor and was officially brought on as a full-time employee in June 2018, recognized for her contribution to the project by being named its co-founder. Prior to Akropolis, Kurbanova was head of analytics at crypto-asset intelligence company Cindicator, where she developed research tools and methodologies as well as co-authored the company's CND token model and white paper. She has also served as a community and product advisor for Svandis. Akropolis has a fixed maximum supply of 4 billion AKRO tokens. The company carried out two initial private token presales between January 2018 and June 2018. The first round was for investors, advisors and strategic partners, while the second was for active community members. The two sales combined represent 22.5% of the total token supply, and the AKRO sold was locked up for two months following its public sale, vesting monthly for another 12 months. 460 million AKRO — 11.5% of the total supply — was released to form the initial circulating supply once the token was listed publicly on cryptocurrency exchange Huobi Global in July 2019, with 8% going to the exchange and 3.5% going to the company. All additional AKRO was subject to lock-up periods following its public listing on the exchange. 9.5% was reserved for team members and advisors, with a one-year lock-up and vesting monthly for 12 months — later extended to January 2021; 14% for marketing and community initiatives, with a two-month lock up and vesting 2%, 1.5%, 1%, 2.5%, 4% and 3% of the total supply each month, respectively; and an additional 42.5% for the company, with 40.5% having a one-year lock-up and vesting monthly over two years, and 0.5%, 0.5% and 1% of the total token supply being unlocked after 90, 120 and 180 days, respectively. Updates to Akropolis' vesting schedules are made publicly available on an online spreadsheet. The current CoinMarketCap ranking is #499, with a live market cap of $75,040,548 USD. It has a circulating supply of 3,481,910,214 AKRO coins and the max. supply is not available. If you would like to know where to buy Akropolis, the top cryptocurrency exchanges for trading in Akropolis stock are currently Binance, FTX, CoinTiger, Huobi Global, and KuCoin. $AKRO | Interview with Ana Andrianova Founder & CEO of Akropolis: www.youtube.com some more Fundamental Analysis on it DOT DeFi: www.youtube.com Technical Analysis: in this chart we can see the price has already retraced to the 78.6% level of its ATH and currently consolidating and Reaccumulating at this level. we have defined a Support level using Price Action Analysis and there are 4 Targets Defined using Fibonacci Trend Based Extension. the 3th Target and above shall gets confirmed if the Trend touches the 2 TP which is 161.8% of the Fibonacci extension level followed by some retracement to the Parallels legs levels and rebunce back up to follow the rest Targets.
ALong
by BitonGroup
16
TOTAL (Crypto Total Market Cap) Index Analysis 05/01/2022Fundamental Analysis: a very simple way of Fundamentally analyzing this Index is to look for the other markets indices including US and Europeans ones, such as Dow Jones and S&P 500, it is very observable that these Equity Markets are very much inflated and shall Retrace to the lower levels and correct themselves and get converged to their intrinsic values. in other word we can say the liquidity shall get diverted from these markets to some other Asset Class, this means gold and silver as well as Digital Assets which are Cryptocurrencies and their underlying technology such as Blockchain and even their future Projects like DeFi and related Financial and Applied Areas. By looking at the current statues of the Equity Indices and analyzing them we can come to the conclusion that these markets are doomed to fall soon hence a massive transaction of their liquidity to these new Asset class. lets look at some of our analysis on these Indices such as DJI: US 500: it seems very obvious to us that the collapse of these markets shall Couse a huge rise on other alternative markets assuming the minimum retracement or fall of 20% for each market and considering their Market capitalization of 40.7 Trillion for US500 and 10 Trillion Dollars of DJI and of course the market capital of other European markets. the Domino effect of markets fall shall consequences to the other markets fall around the world, we can expect minimum of 4 to 10 Trillion dollars of Liquidity shifts from these markets to the Crypto currencies Industry and ecosystems. these massive amount of liquidity shift shall Couse a huge pomp and rise in the new and even old Projects on various sectors of Crypto world. mean while we may have some more fall of the Total Market Capitalization of cryptos to lower levels due to some existing fear and Rug pool and Scam Projects but these events should not be having any long term effect and can get recovered on a very fast pace. the other factors of the wealth transition to the decentralized finance world can be the totalitarians policies and dids of the different establishments around the world such as China, India, middle east counties, or even the implode of some dictatorships systems Like turkey and Iran which will drive the Public funds to more stable and liquidly asset class such as cryptos. the world banking system too has lots of over leveraged Projects which can be liquidated and Couse a huge market collapse and distrust with their investors the public which will eventually Couse the wealth transition to the decentralized transparent venues such as Blockchain based Cryptocurrencies. Technical Analysis: There exist A Hidden Bullish Divergence of Price with MACD, it occurs on a Bullish trend and it is a very significant Sign of Bullish trend continuation. the Hidden Bullish Divergence is specified with the Green connecting lines. we draw the Fibonacci retracement from the low point of 0 to the ATH where we can see the dips of the Price falls are having perfect confluences with the Retracement Levels of Fibonacci hence we defined our two Targets using the same Fibonacci extension Levels. as the Markets fall chances are still exist, we can use the retracement levels of the Fibonacci to specify the support areas and the market Reaccumulating zones for its new bullish trend initiations.
CRYPTOCAP:TOTAL
by BitonGroup
2
BTC (Bitcoin) Coin Analysis 14/05/2021Fundamentals: Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $950 billion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that fluctuated between $100-$200 billion in 2020, owing in large part to the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more. Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies. Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units. The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet. Some of the top crypto cold wallets are Trezor, Ledger and CoolBitX. Some of the top crypto hot wallets include Exodus, Electrum and Mycelium. The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties. The Lightning Network scales transaction capacity without incurring the costs associated with transactions and interventions on the underlying blockchain. Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2020, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others. Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations. As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins. Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public. However, during the first few years of BTC’s existence, the competition between miners was relatively low, allowing the earliest network participants to accumulate significant amounts of coins via regular mining: Satoshi Nakamoto alone is believed to own over a million Bitcoin. Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin. While the process of mining Bitcoins is complex, as we wrote above, mining Bitcoin is best understood as how long it takes to mine one block, as opposed to one Bitcoin. The current valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. From a start of under one cent per coin, BTC has risen in price by thousands of percent to the numbers you see above. The prices of all cryptocurrencies are quite volatile, meaning that anyone’s understanding of how much is Bitcoin will change by the minute. However, there are times when different countries and exchanges show different prices and understanding how much is Bitcoin will be a function of a person’s location. The live Bitcoin price today is $50,273.75 USD with a 24-hour trading volume of $67,589,236,096 USD. Bitcoin is up 0.33% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $940,615,599,685 USD. It has a circulating supply of 18,709,875 BTC coins and a max. supply of 21,000,000 BTC coins. Technical Analysis: As you can see the Coin has done its Reaccumulation Phase followed by series of impulsive waves and it has already made the All Time High of 64850$, which Followed by Some Distribution and Plunges to the 46000$. According to our Analysis and speculation, there has to be some retracement and price Correction to the lower levels of the Past Bullish wave in order for the coin to regain its Bullish rally Strength for the higher highs Burst. By using Fibonacci Retracement tool, we can specify some Certain Retracements and Support Levels, where we can expect the Price to fall, and if they Could stand, the Price Shall Bounce back up from them, and if broken then the lower next on the line shall be tested. According to our experience and Observation of Cryptocurrencies Behavioral Movements, and on the general note, we can consider the 78.6% level (17000$) of Fibonacci retracement to be the Golden zone for the crypto currencies, as 61.8% level is for other assets such as Forex and Equites as it has shown les Significant Support on the higher Volatile Assets such as Cryptos. there are few Targets defined by the Fibonacci Expansion of the same Bullish Wave. the 2 TP (103000$) will be confirmed if the 38.2% level (41000$) Fibonacci Retracement, Immediate Support Stands and Price could bounce back UP from the same level. there are 3 Vertical White Dotted Lines on the chart specified by Fibonacci Time Zone and they can show us the Time and Date when we can expect to see the price on some certain levels of retracement or rally... As the Bitcoins Price Plunges so does its dominance, and we can Expect the Altcoins gets Pump from its Dump.
Long
by BitonGroup
28
EURUSD (Euro/USD) currencies Shorting Chance Fundamental Analysis: Based on the fundamental analysis of EUR/USD, there are indications of a shorting bias. Here's a comprehensive analysis based on the provided information: The recent price action and market sentiment suggest a potential shorting opportunity for the EUR/USD currency pair. Last week, the pair experienced a significant rally, posting its largest one-week gain of 2023, driven by broad-based selling pressure on the US Dollar (USD). However, despite the recent uptrend, the pair remains technically overbought in the near term, implying a possible reversal may be on the horizon. One of the key factors contributing to the shorting bias is the negative shift in risk sentiment. Cautious market sentiment is evident at the beginning of the week, with the Euro Stoxx 50 Index down more than 0.5% and US stock index futures trading modestly lower. If safe-haven flows dominate the financial markets in the second half of the day, it could limit the upside potential of EUR/USD and support the shorting bias. Moreover, the European Central Bank (ECB) has signaled its intent to continue tightening its policy, as revealed in the accounts of the ECB's June policy meeting. This suggests that investors may be hesitant to bet on a steady pullback in EUR/USD, further supporting the shorting bias. In terms of price levels, the 1.1000 psychological level is a key area to monitor. A confirmed break below this level could potentially set up a run towards the 1.0800 level, which represents a two-year low. The widening yield differential between US Treasury bonds and Bunds, along with potential inflationary pressures in the Eurozone, may contribute to the downside pressure on EUR/USD. It's essential to consider that fundamental analysis provides insights into the market's underlying factors but does not guarantee specific price movements. It is crucial to combine fundamental analysis with technical analysis and risk management techniques to make informed trading decisions. Please note that the information provided is based on the current market conditions and is subject to change. It is always recommended to conduct further research and analysis before making any trading decisions. Technical Analysis: Based on technical analysis, there appears to be a shorting opportunity in the EUR/USD currency pair. Several indicators suggest a bearish bias, including bearish divergence between the price and the MACD (Moving Average Convergence Divergence) indicator, as well as confluences of Fibonacci levels indicating potential resistance in the golden zone. The target for this short trade is set at the 1.27% Fibonacci extension level. Firstly, bearish divergence is observed between the price and the MACD. This occurs when the price forms higher highs, indicating potential strength, while the MACD indicator forms lower highs, suggesting underlying weakness. This bearish divergence signals a possible reversal in the upward trend of the EUR/USD pair. Additionally, the presence of Fibonacci confluences in the golden zone adds further weight to the bearish bias. The golden zone typically represents a range between the 38.2% and 61.8% Fibonacci retracement levels. The confluence of multiple Fibonacci levels within this zone serves as a potential area of strong resistance, which strengthens the case for a shorting opportunity. In terms of trade execution, the target for this short trade is set at the 27% Fibonacci extension level. The Fibonacci extension levels are projected beyond the original price range and serve as potential price targets for the continuation of the downtrend. It is important to note that technical analysis is not infallible, and it is always prudent to incorporate risk management strategies and consider other fundamental factors before making trading decisions.
Short
by BitonGroup
IRFC (Indian Railway Finance Corporation) Stock Analysis Fundamentals: Indian Railway Finance Corporation (IRFC) is a wholly owned subsidiary of the Indian Railways. It raises financial resources for expansion and running through capital markets and other borrowings. IRFC started borrowing from the market in 1987–88. Indian Railway Finance Corp (NS:INID) (IRFC) was set up on 12th December 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets. IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non–Deposit taking Non-Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). The Company’s principal business, therefore, is to borrow funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways. IRFC has funded the acquisition of 8998 locomotives, 47910 passenger coaches, 214456 wagons, which constitute around 70% of the total rolling stock fleet of Indian Railways. The Company has been assigned the additional task of funding Railway Projects through Institutional Finance to the extent of Rs.1.50 Lakh Crore by 2019-20. IRFC has also been lending to various entities in the Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav (NS:RELV) Railway Corporation Limited (PRCL) etc. For IRFC, the Government of India has remained the largest client, and that will remain so at least for the next 8-10 years because of the execution of the National Rail Plan, under which the government aims to spend 10-lakh crore to augment rail capacities and improve the infrastructure around it. The finance arm of the Indian Railways, Indian Railway Finance Corporation (IRFC) is in talks with the National High-Speed Rail Corporation Ltd (NHSRCL) to finance the extended portion of the Ahmedabad-Mumbai High-Speed Rail Project. Indian Railway Finance Corporation (IRFC) reported a 15 per cent increase in net profit for the third quarter ended December 31. For the nine months period ended December 31, IRFC reported a 15.65 per cent increase in net profit. IRFC is trading at a price of INR 23.90. This is a dividend-paying company. IRFC raises money through financial bonds and from banks and financial institutions. The company announced its initial public offering on January 18, 2021 and got listed on the National Stock Exchange of India / Bombay Stock Exchange on January 29, 2021. we believe that as soon as the Covid-19 Pandemics Comes Down and the markets reopen where as the Governments starts its pending Projects the IRFC has a very good chance of price appreciations as the corporation has lots of Projects to Do. so does the funds and capitals flows in its balance sheets and overall activities will bring the higher intrinsic value to its shares. Technical Analysis: There Seems to be a Pegged zone exist at the price of 20Rs where the Scrip is pegged and The Script Driver Manipulating the Price not to fall bellow it as it leads to Merging and Acquiring the Government entity. we can see the price has started its Bullish Trend From the 20.9RS and there are few Resistance on its bullish path. there are total of 3 Targets defined by Fibonacci Extension levels where we can see the Share has a very high Potential of appreciations.
NSE:IRFCLong
by BitonGroup
Copper (COPPER/INR) Commodity Analysis 18/07/2021 Technical Analysis: As you can see, there exist a hidden Bullish Divergence with MACD which is the sign of bullish trend continuation as Copper has started its bullish wave since March 2020. It is moving in an ascending channel. We draw Fibonacci retracement from the low to the top of last impulsive wave which are defined as the Fib levels on chart. The commodity fell to 78% Fibonacci Retracement and it is consolidating and accumulating on Fibonacci Golden Zone currently. we believe this commodity is getting ready to shoot to the higher targets which are defined by Fibonacci Projection tool of the past wave.
MCX:COPPER1!Long
by BitonGroup
USDCHF (U.S Dollar / Swiss Franc) Currencies Analysis 09/04/2021Fundamentals: The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash. This has helped to bring considerable strength to the Swiss Franc, pressuring exporters from the nation. When the European Debt Crisis enveloped the continent, massive inflows into Swiss Francs made the situation worse until eventually the Swiss National Bank (SNB) created a peg to the Euro at a rate of 1.2 Swiss Francs for every 1 Euro. If the EURCHF currency pair fell below 1.20, the SNB proposed to sell CHF and buy EUR to support the 1.20 floor. Technical analysis: the Pair seem to be on a bullish wave and it has trigged the extension level of the Fibonacci projection and now consolidating at the parallels legs of the same Projection accordingly we can target the higher levels with higher confirmation as the price has done its accumulation phase properly and we can see an Inverted Head and Shoulder pattern at the Accumulation zone which is a very good sign it. there are total of 3 Targets defined as the 1 and 2 Targets are very much Prone to get triggered on a very faster pace
Long
by BitonGroup
4
FIL (Filecoin) Coin Analysis 02/04/2022Fundamental Analysis: 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 occurred 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 is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. 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. Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. The current CoinMarketCap ranking is #37, with a live market cap of $4,752,814,707 USD. It has a circulating supply of 185,777,188 FIL coins and the max. supply is not available. FIL Coin Market Capitalization Analysis: Technical Analysis: There exist Bullish Divergence of Price Value and MACD on the 3D Time Frame , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 95% retracement level; it means it have to break the 90%, 85%, and Eventually the 78.6% Fibonacci Retracement as the Resistance levels and shall recheck them back in order to Prove them to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Discounted and Undervalued area which is the Accumulation Level Currently, it means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates to Higher Levels. Probably we may not again see this 95% and 90% Retracement Level or bellow in the current cycle. Our Past Analysis: Initial Asset Acquisition: Treasury Addition:
Long
by BitonGroup
11
WABI (Wabi Ecosystem) Token Analysis 10/04/2022Fundamental Analysis: Wabi ecosystem connects Brands and Consumers, enabling a seamless, fair, and confidential exchange of value and information. Consumers participating in the ecosystem take advantage of the several tools designed to better inform their consumption choices and are incentivized with Wabi. Consumers redeem the tokens at a dedicated Marketplace where they can purchase thousands of unique products delivered to them from across the globe. Participating Brands leverage Wabi tokens to obtain unique datasets on consumer behaviour allowing them to make superior marketing and strategic decisions. Moreover, the Brands incentivise users with Wabi to generate new data, thus enabling rapid hypothesis testing and iteration. Effectively, Wabi taps into corporate marketing budgets ($1.6 – $1.9 trillion annually), making marketing a lot more efficient for participating companies. Full scope Agile Marketing Platform (Taeltech) For Consumer Brands, Wabi Ecosystem (branded “Taeltech Ecosystem for b2b clients”) offers a fully operational and comprehensive platform for Agile Marketing, enabling rapid data collection, hypothesis formulation, testing, and diagnostics. Wabi Ecosystem completely disrupts the way that new product development and marketing campaigns are done in FMCG and other industries by cutting down the idea-to-market feedback cycle from months to days. Consumer Packaged Products Database and Scanning utility Wabi team created one of the most comprehensive databases of packaged consumer products in the world. By scanning a barcode typically available on the outside packaging of everyday products, consumers are rewarded with Wabi and can immediately see: The Ingredients safety analysis: Information on Nutritional Value (for food items) Manufacturer's business reputation and credibility Product Ratings, Reviews and Recommendations In exchange, the Ecosystem obtains a 360 degrees overview of a particular consumer's shopping habits and preferences, cutting across the shopping channels. Such insight into consumer behaviour is invaluable for researchers and marketeers. Wabi ecosystem is one of the very few providers of such data globally. Marketplace: Wabi team built a Marketplace where consumers can redeem the tokens that they accumulated from various interactions in the Wabi ecosystem. There are currently thousands of products shipping directly to consumers from Europe, Japan, Australia, New Zealand, etc. The Marketplace enables brands and manufacturers to list their products and access the 1 billion strong China market. Moreover, the Marketplace is equipped with the full suite of behavioural diagnostic tools that make it an excellent testing ground for brands wishing to enter the market or contemplating new product launches. Wabi was founded in 2013 by Alex Busarov and Yaz Belinskiy. The two founders first met in high school and after studying at the London School of Economics pursued careers in consulting at McKinsey and Bain respectively. Having worked on several important cases in the Consumer Goods industry, the two became convinced that there should be a more effective way to do marketing and that the inefficiencies in the FMCG industry that often resulted in public health risk were completely solvable with technology and determination. With growth of the ecosystem the circulating supply is reduced since for every point issued to consumers one WABI get taken out of the circulation. As of 16 November 2020, over 3,000,000 WABI have been locked out of circulation with growth of the WABI ecosystem. You can track the daily stats at www.wabi.io The current CoinMarketCap ranking is #904, with a live market cap of $12,310,526 USD. It has a circulating supply of 99,999,999 WABI coins and a max. supply of 100,000,000 WABI coins. Technical Analysis: There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. The Fibonacci Tools have been Drawn From 0$ to the ATH (1$), so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates. Probably we may not again see this 95% or 90% Retracement Level or bellow in the current cycle though there are some minimal chances of Price falls to the 90% of its ATH Support area , which may Pivot the Price Fall and start the new cycle. we are currently considering to have some Capital allocated for this asset soon.
WLong
by BitonGroup
1
DOT (Polkadot) Coin {Market Cap} Analysis 10/04/2022Fundamental Analysis: Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community. Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain. Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, bonding tokens to connect parachains . Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum. Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share. Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold. The current CoinMarketCap ranking is #12, with a live market cap of $19,263,288,614 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available. Technical Analysis: Looking at the Market Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 47B$ , thus retracement to 10B$, followed by 3 Months of Re-Acumulation Phase till End July 2021, which developed the New Cycle with its New ATH of Approx. 55B$, followed by Market Cap Correction to 14B$ which is Below the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (55B$). this means the Capital has Been accumulatiing since its retracement for its 3th cycle which can have the new ATH of 160B$. There exist the Hidden Bullish Divergence of Market Cap Value and MACD at the 4 Hours Time Frame , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles. As the Capital Accumulation Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , 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 Market Cap correction and Reaccumulating. on its Up Formation rally.
CRYPTOCAP:DOTLong
by BitonGroup
2
DOT (Polkadot) Coin Analysis 10/04/2022Fundamental Analysis: Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community. Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The Polkadot protocol can connect public and private chains, permission-less networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain. Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, bonding tokens to connect parachains. Polkadot has four core components: 1. Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; 2. Parachains: independent chains that can have their own tokens and be optimized for specific use cases; 3. Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; 4. Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum. Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability. Custom blockchains are quick and easy to develop using the Substrate framework and Substrate blockchains are designed to be easy to connect to Polkadot's network. The network is also highly flexible and adaptive, allowing the sharing of information and functionality between participants. Polkadot can be automatically upgraded without the need for a fork in order to implement new features or remove bugs. The network has a highly sophisticated user-driven governance system where all token holders have a vote in how the network is run. Teams can customize their own blockchain’s governance on Polkadot based on their needs and evolving conditions. Nominators, validators, and collators all fulfil various duties to help secure and maintain the network and eradicate bad behavior. At the end of 2021, Polkadot successfully concluded its first Parachain auctions. The Parachain auctions followed an un-permissioned candle auction system. The winning bid is the highest bid at the random moment the auction ends. Polkadot assigned the first five slots to the following auction winners: Acala, Moonbeam, Astar, Parallel and Clover. These projects will have their parachain slots locked in for 96 weeks, guaranteed by the DOT bidders committed as collateral. As customary on Polkadot, all projects had previously been battle-tested on its de-facto testnet Kusama. The network uses an NPoS (nominated proof-of-stake) mechanism with validators and nominators. Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave. Validators are staked on the Relay Chain and confirm transactions coming from the different parachains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed. Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web. Polkadot’s founders are Dr. Gavin Wood, Robert Habermeier and Peter Czaban. Wood, Web3 Foundation’s president, is the most well-known of the trio thanks to his industry influence as Ethereum co-founder, Parity Technologies founder and the creator of the smart contract coding language Solidity. Wood is also credited with coining the term Web3. Habermeier is a Thiel Fellow and accomplished blockchain and cryptography researcher and developer. Czaban is the former Technology Director at Web3 Foundation, with a wealth of experience across highly specialized fintech industries. Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share. Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold. The current CoinMarketCap ranking is #12, with a live market cap of $19,263,288,614 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available. DOT Market Capitalization Analysis: Technical Analysis: There exist Bullish Divergence of Price Value and MACD on 4 Hours Time Frame, which is the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. The bullish Trend has already Started and we can notice the Strength. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points. The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is below 61.8% Fibonacci Retracement level from its ATH of 55$; it means that, it is in the undervalue Level and counted as Discounted Asset Price. The Fibonacci Tools have been Drawn From 0$ to the ATH (55$), so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates. Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle though there are some minimal chances of Price falls to the 85% of its ATH Support area, which may Pivot the Price Fall and start the new cycle. Our Past Analysis: Initial Asset Acquisition:
Long
by BitonGroup
AVAX (Avalanche) Coin Analysis 29/03/2022Fundamental Analysis: Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases. After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges. Avalanche attempts to solve the blockchain trilemma, which posits that blockchains cannot achieve a sufficient degree of decentralization at scale. A consequence of this are high gas fees, as is often the case on Ethereum. To solve this problem, Avalanche designed three interoperable blockchains. The Exchange Chain (X-Chain) : employed to create and exchange the native AVAX tokens and other assets. Similar to the ERC-20 standard on Ethereum, these tokens follow a set of standardized rules. It uses the Avalanche consensus mechanism. The Contract Chain (C-Chain) : hosts smart contracts and decentralized applications. It has its own Avalanche Virtual Machine, similar to the Ethereum Virtual Machine, allowing developers to fork EVM-compatible DApps. It uses the Snowman consensus mechanism. The Platform Chain (P-Chain) : coordinates network validators, tracks active subnets and enables the creation of new subnets. Subnets are sets of validators, sort of like a validator cartel. Each subnet can be validating several blockchains, but a blockchain can only be validated by one subnet. It also uses the Snowman consensus mechanism. This division of computing tasks enables higher throughput without compromising on decentralization. For instance, private blockchains on the network could require its subnet’s validators to be sufficiently geographically decentralized or comply with certain regulations. Following this modular structure, Avalanche improves its interoperability with other blockchains wishing to integrate with the Avalanche ecosystem. Furthermore, the two different consensus mechanisms are designed with each blockchain’s requirements in mind, further improving their efficiency. VAX is traded on the Exchange Chain, which follows its own Avalanche consensus mechanism. Unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism does not have one leader processing transactions that get validated by others. Instead, all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol. That way, transactions are processed simultaneously, and validators' random polling ensures that transactions are correct with statistical certainty. There are no blocks in this consensus mechanism, allowing immediate finalization and significantly improving the blockchain’s speed. Avalanche was launched by Ava Labs, founded by Cornell University professor Emin Gün Sirer, and Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin. Gün Sirer is a veteran in cryptographic research, having designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper. He was also involved in work on Bitcoin scaling solutions and research on Ethereum before the infamous The DAO hack in 2016. From that research arose the whitepaper that led to the foundation of Ava Labs in 2018. The project closed a seed round in February 2019 that included investors such as Polychain, Andreessen Horowitz and Balaji Srinivasan. Avalanche closed its initial coin offering in 2020 in under 24 hours, raising $42 million in the process. The total supply of AVAX is 720 million. Its token distribution is as follows: 2.5% - seed sale, with 10% released on mainnet launch and the rest being released every three months. 3.5% - private sale, with 10% released on mainnet launch and the rest being released every three months. 10% - public sale, with 10% released on mainnet launch and 15% released every three months over a period of 18 months. 9.26% - allocated to the foundation, released over ten years. 7% - community endowment, released over twelve months. 0.27% - testnet incentive program, released over one year. 5% - strategic partners, released over four years. 2.5% - airdrops, released over four years. 10% - team, released over four years. 50% staking rewards Staking AVAX currently provides an annual reward of 11.57%, with the minimum time for staking being two weeks with a minimum of 2,000 AVAX. The current CoinMarketCap ranking is #10, with a live market cap of $24,913,139,049 USD. It has a circulating supply of 267,284,167 AVAX coins and the max. supply is not available. Technical Analysis: Looking at the Price Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 60$ , thus retracement to 8$, followed by 3 Months of Re-Acumulation Phase till Mid August 2021, which developed the New Cycle with its New ATH of Approx. 145$, followed by Price retracements to 50$ which is the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (146$). this means the Price has Been accumulation since its retracement for its 3th cycle which can have the new ATH of 430$. There exist the Regular Bullish Divergence of Price Value from MACD , which is the very Significant sign of Bearish Trend Reversal which eventually Start the new Bullish Trends. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , 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. Currently the Price Value is at 38.2% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area. Probably we may not again see the 50% price or bellow...
Long
by BitonGroup
AVAX (Avalanche) Coin {Market Cap} Analysis 03/04/2022Fundamental Analysis: Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 450+ individual projects, $118M+ of AVAX burned (reducing supply), 1,350+ individual block-producing validators, and over 1.5M+ community members around the globe. AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche. The total supply of AVAX is 720 million. Its token distribution is as follows: 2.5% - seed sale, with 10% released on mainnet launch and the rest being released every three months. 3.5% - private sale, with 10% released on mainnet launch and the rest being released every three months. 10% - public sale, with 10% released on mainnet launch and 15% released every three months over a period of 18 months. 9.26% - allocated to the foundation, released over ten years. 7% - community endowment, released over twelve months. 0.27% - testnet incentive program, released over one year. 5% - strategic partners, released over four years. 2.5% - airdrops, released over four years. 10% - team, released over four years. 50% staking rewards Staking AVAX currently provides an annual reward of 11.57%, with the minimum time for staking being two weeks with a minimum of 2,000 AVAX. The current CoinMarketCap ranking is #10, with a live market cap of $26,215,418,498 USD. It has a circulating supply of 267,355,674 AVAX coins and the max. supply is not available. we have already Analyzed the AVAX (Avalanche) Coin Asset, you can read more Fundamentals and understand the Project: Technical Analysis: Looking at the Price Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 60$ , thus retracement to 8$, followed by 3 Months of Re-Acumulation Phase till Mid August 2021, which developed the New Cycle with its New ATH of Approx. 145$, followed by Price retracements to 50$ which is the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (146$). this means the Price has Been accumulation since its retracement for its 3th cycle which can have the new ATH of 430$. There exist the Hidden Bullish Divergence of Price Value and MACD , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , 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. Currently the Price Value is at 38.2% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area .
CRYPTOCAP:AVAXLong
by BitonGroup
5
SOL (Solana) Coin Analysis 03/04/2022Fundamental Analysis: Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability. Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well. The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing. Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 6 in the CoinMarketCap ranking as of April 2022. This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since then and made a new All Time High of 260, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $260 on November 06, 2021. Solana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the "Visa of crypto." Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics. This has led to a retrace in the price of SOL as of February 2022, and more short-term bearish price action cannot be ruled out. However, in the long run, Solana should appreciate thanks to strong support from exchanges like FTX. Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain. The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it. The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry. Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox. In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020. The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market. The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market. Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI). The current CoinMarketCap ranking is #6, with a live market cap of $44,775,942,866 USD. It has a circulating supply of 325,986,610 SOL coins and the max. supply is not available. We have Analyzed the Market Capitalization of this Asset: Technical Analysis: There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. The bullish Trend has already Started and we can notice the Strength. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 48.6% Fibonacci Retracement level from its ATH; it means that, it has broken the 61.8% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates. Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle. Our Past Analysis: Initial Asset Acquisition:
Long
by BitonGroup
6
COMP (Compound) Token Analysis 04/03/2022Fundamental Analysis: Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed. On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold. Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $1.2 Billion in total locked value. According to Compound, the majority of cryptocurrencies sit idle on exchange platforms, doing nothing for their holders. Compound looks to change this with its open lending platform, which allows anybody who deposits supported Ethereum tokens to easily earn interest on their balance or take out a secured loan — all in a completely trustless way. Compound’s community governance sets it apart from other similar protocols. Holders of the platform’s native governance token — COMP — can propose changes to the protocol, debate and vote whether to implement changes suggested by others — without any involvement from the Compound team. This can include choosing which cryptocurrencies to add support for, adjusting collateralization factors, and making changes to how COMP tokens are distributed. These COMP tokens can be bought from third-party exchanges or can be earned by interacting with the Compound protocol, such as by depositing assets or taking out a loan. Everything on Compound is handled automatically by smart contracts, which act to mint cTokens after Ethereum and ERC20 assets are deposited, and allow Compound users to redeem their stake using their cTokens. The protocol enforces a collateralization factor for all assets supported by the platform, ensuring each pool is overcollateralized at all times. If the collateral falls below the minimum maintenance level, it will be sold to liquidators at a 5% discount, paying down some of the loan and returning the remainder to an acceptable collateralization factor. This arrangement helps to ensure borrowers maintain their collateral levels, provides a safety net for lenders, and creates an earning opportunity for liquidators. Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes, both of whom previously worked in high-profile roles at Postmates — an online food delivery service. The two continue to hold executive positions at Compound Labs, Inc — the software development firm behind the Compound protocol, with Leshner currently serving as CEO, while Hayes is the CTO. Though both founders have experience founding successful companies, Robert Leshner, in particular, has been particularly active in helping to grow the blockchain space, and has publicly invested in popular crypto platforms including Argent Wallet, Opyn, and Blockfolio. The Compound team now comprises over a dozen individuals — almost half of which work as engineers. Like many digital assets, only a fixed number of COMP tokens will ever come into existence. The total supply is capped at 10 million COMP and as of writing, less than 67% are in circulation (~6.7 million). Out of these 10 million tokens, just over 4.2 million tokens will be distributed to Compound users over a 4-year period. The second biggest allotment (almost 2.4 million COMP) goes to the Compound Labs, Inc shareholders, whereas 2.2 million tokens will be distributed to the Compound founders and current team with a 4 year vesting schedule. Finally, 775,000 COMP are reserved for community governance incentives and the remaining 332,000 tokens will be allocated to future team members. The exact rate of COMP emission is subject to change over time, as voters are able to increase or reduce the emission rate by passing a proposal through community governance. The current CoinMarketCap ranking is #90, with a live market cap of $1,021,434,119 USD. It has a circulating supply of 6,686,099 COMP coins and a max. supply of 10,000,000 COMP coins. We have analyzed the Market Capitalization of this Asset: Technical Analysis: Looking at the current Price Levels, we can easily notice that the Price is Reneging below the 78.6% Fibonacci Level, and had fallen to the lower levels such as 85% and even 90%. these levels can be counted as the Undervalue or discounted Levels. There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 85% Retracement level from its ATH; it means that, it has broken the 85% Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates. Probably we may not again see this 90%, 85% Retracement Level or bellow in the current cycle. Our Past Analysis: Initial Acquisition:
Long
by BitonGroup
2
COMP (Compound) Token {Market Cap} Analysis 03/04/2022Fundamental Analysis: Like many digital assets, only a fixed number of COMP tokens will ever come into existence. The total supply is capped at 10 million COMP and as of writing, less than a third are in circulation (~3.3 million). Out of these 10 million tokens, just over 4.2 million tokens will be distributed to Compound users over a 4-year period. The second biggest allotment (almost 2.4 million COMP) goes to the Compound Labs, Inc shareholders, whereas 2.2 million tokens will be distributed to the Compound founders and current team with a 4 year vesting schedule. Finally, 775,000 COMP are reserved for community governance incentives and the remaining 332,000 tokens will be allocated to future team members. The exact rate of COMP emission is subject to change over time, as voters are able to increase or reduce the emission rate by passing a proposal through community governance. The current CoinMarketCap ranking is #90, with a live market cap of $1,021,434,119 USD. It has a circulating supply of 6,686,099 COMP coins and a max. supply of 10,000,000 COMP coins. Technical Analysis: There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 78.6% Fibonacci retracement level; it means it has broken the 78.6% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
CRYPTOCAP:COMPLong
by BitonGroup
7
FIL (Filecoin) Coin Analysis 03/06/2021we have started our investments on filecoin when it was at 24USD: we have added and reinvested to our initial assets at 40USD after the bullish cycle: 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 is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. 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. Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. The live Filecoin price today is $89.04 USD with a 24-hour trading volume of $1,745,107,591 USD. Filecoin is up 25.72% in the last 24 hours. The current CoinMarketCap ranking is #23, with a live market cap of $6,758,604,461 USD. It has a circulating supply of 75,904,170 FIL coins and the max. supply is not available. Technical Analysis: As you can see the coin has fallen to its 78.6% Fibonacci Retracement level which is the current heavy support zone and has a very high chance to bounce the price and change the bearish retracement trend to a higher bullish cycle. there exist a Hidden Bullish Divergence of the price with MACD which is the sign of bullish trend continuation. There are few resistance areas but we don’t see much of significance over them and it can easily breakthrough them. There total of 3 targets defined by Fibonacci Projection of our initial impulsive wave, the 3 TP gets confirmed as the price trigger the 2 TP followed by some retracement and price correction. There are some chances that the price falls but even in that case there are many more Support zones and it makes the chance of repurchase at the lower prices and the coin will be very much undervalued bellow of this price.
Long
by BitonGroup
2
FIL (Filecoin) Coin {Market Cap} Analysis 02/04/2022Fundamental Analysis: Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. The current CoinMarketCap ranking is #37, with a live market cap of $4,752,814,707 USD. It has a circulating supply of 185,777,188 FIL coins and the max. supply is not available. Technical Analysis: There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 78.6% Fibonacci retracement level; it means it has broken the 78.6% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
FLong
by BitonGroup
MATIC (Polygon) Coin Analysis 01/04/2022Fundamental Analysis: 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 make Polygon an interoperable decentralized Layer 2 blockchain platform Polygon (MATIC) London Hard Fork and EIP-1559 Upgrade Polygon announced the much-anticipated London Hard Fork and Ethereum Improvement Proposal (EIP) 1559 upgrade will go live on the mainnet on Jan. 18, 2022. The upgrade will completely change the way the fee mechanism works on the Ethereum network — it eliminates first-price auction as the main fee calculation mechanism and instead uses a base fee that is burned, instead of sent to miners. Although it does not lower transaction fees, it makes it more stable, allowing users to estimate costs better and reduce overpayment. However, as MATIC tokens are burned as base fees — and MATIC has a fixed supply of 10 billion tokens — it will have a deflationary effect on the digital asset. Polygon’s core team projected an annual burn of MATIC amounting to 0.27% of the token’s total supply — around 27 million tokens. This deflationary pressure will most likely benefit validators and delegators the most, as rewards for processing transactions on Polygon are denominated in MATIC. Furthermore, base fee will increase automatically once the block is filled up, resulting in fewer spam transactions and less network congestion. Ethereum mainnet’s London Hard Fork went live on Aug. 5, 2021. 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 checkpoints and fraud-proof mechanisms. 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. MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 7.70B 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. The MATIC price was $0.00263 per token, and $5 million was generated. 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. The current CoinMarketCap ranking is #16, with a live market cap of $12,427,307,622 USD. It has a circulating supply of 7,701,069,511 MATIC coins and a max. supply of 10,000,000,000 MATIC coins. We have already done the Analyzed MATIC Market Cap Technically: Technical Analysis: There exist a Hidden Bullish Divergence of Price Value and MACD which is the Sign of Bullish Trend Continuation and development of new Cycle with 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 value correction and Reaccumulations, on its Up Formation rally. Currently the Total price Value is at 38.2% Fibonacci retracement level, it means, it has broken many resistance levels and had rechecked them backed and it has been Proved to be the support areas. Probably we may not again see the 61.8% Fib or bellow... Our Past Analysis on this Asset: Initial Acquisition: Reacquisition:
MLong
by BitonGroup
2
UNI (Uniswap) Token Analysis 02/04/2022Fundamental Analysis: 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 DAO The Uniswap DAO has over 310,000 members that can vote over the $1.6B treasury, governance and roadmap of the DEX by holding UNI governance tokens. Any UNI holders can submit a proposal, however it must garner up to 25,000 yes-votes before it can be eligible for further deliberation. The next phase is the consensus check, where the proposer has to highlight the core changes and garner at least 50,000 yes-votes. Finally, the governance phase has to attract 40M yes-votes for the proposal to be adopted. Uniswap was the most dominant DEX in 2021 in terms of trading volume, and the top ranked DAO in terms of the amount held in the treasury. However, it is currently ranked second, behind BitDAO — a DAO focused on funding and investing in emerging crypto projects. Check out our deep dive on Uniswap DAO and other top DAOs and how their governance systems work. 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 V2 launched on Nov. 2, 2018, and introduced new features like ERC-20 pairs, price oracles, flash swaps and more. The latest version — Uniswap V3, launched on the mainnet on May 5, 2021. It features greater capital efficiency for liquidity providers, better execution for traders and enhanced infrastructure. Uniswap price reached an all-time high (ATH) of $44.97 leading up to the mainnet launch of V3. Since it’s launch there has been substantial interest in it’s UNI to AUD and UNI to EUR price pairs. Uniswap is a decentralized protocol for trading, and UNI is its in-house governance token. UNI is an ERC-20 token, meaning it requires Ethereum to function. ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network. For example, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants. Separately, smart contracts can cause security issues that could lead to DeFi traders losing funds; in fact, hackers have already succeeded in stealing millions of dollars in DeFi’s short lifetime as of September 2021. Uniswap’s UNI governance token is available for trading on major exchanges against other cryptocurrencies, stablecoins, fiat currencies and more. These include Binance, Huobi and Coinbase Pro, along with, naturally, Uniswap’s protocol itself — Uniswap (V2) and Uniswap (V3). 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. The total supply of Uniswap’s governance token, UNI, is 1 billion units. These will become available over the course of four years, after which Uniswap will introduce a “perpetual inflation rate” of 2% to maintain network participation. Token distribution currently consists of the following: 60% to Uniswap community members, i.e. users, 21.51% to team members, 17.8% to investors and 0.69% to advisors. The latter three distributions will occur according to a four-year vesting schedule. Out of the majority set to go to users, 15% can be claimed by those who used Uniswap prior to Sep. 1, 2020. These even include users who submitted transactions which were never successful — they are eligible for 400 UNI. The UNI token serves the purpose of enabling shared community ownership in the growth and development of the decentralized protocol. This allows UNI holders to participate in the governance of the Uniswap protocol and wider ecosystem, in a neutral and trustless manner. The success and adoption of Uniswap products will positively impact Uniswap price, hence incentivizing token holders to contribute to the self-sustaining development of the ecosystem. Four years after the UNI token launch, in September 2024, a perpetual inflation rate of 2% annually will take effect. This is to ensure that participation in the Uniswap ecosystem continues, by disincentivizing passive holders. The current CoinMarketCap ranking is #24, with a live market cap of $8,210,903,997 USD. It has a circulating supply of 689,033,313 UNI coins and a max. supply of 1,000,000,000 UNI coins. UNI Market Capitalization Analysis: Technical Analysis: There exist Bullish Divergence of Price Value and MACD, which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 78.6% Fibonacci retracement level; it means it has broken the 78.6% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area. The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
Long
by BitonGroup
2
UNI (Uniswap) Token {Market Cap} Analysis 02/04/2022Fundamental Analysis: The total supply of Uniswap’s governance token, UNI, is 1 billion units. These will become available over the course of four years, after which Uniswap will introduce a “perpetual inflation rate” of 2% to maintain network participation. Token distribution currently consists of the following: 60% to Uniswap community members, i.e. users, 21.51% to team members, 17.8% to investors and 0.69% to advisors. The latter three distributions will occur according to a four-year vesting schedule. Out of the majority set to go to users, 15% can be claimed by those who used Uniswap prior to Sep. 1, 2020. These even include users who submitted transactions which were never successful — they are eligible for 400 UNI. The UNI token serves the purpose of enabling shared community ownership in the growth and development of the decentralized protocol. This allows UNI holders to participate in the governance of the Uniswap protocol and wider ecosystem, in a neutral and trustless manner. The success and adoption of Uniswap products will positively impact Uniswap price, hence incentivizing token holders to contribute to the self-sustaining development of the ecosystem. Four years after the UNI token launch, in September 2024, a perpetual inflation rate of 2% annually will take effect. This is to ensure that participation in the Uniswap ecosystem continues, by disincentivizing passive holders. The current CoinMarketCap ranking is #24, with a live market cap of $8,210,903,997 USD. It has a circulating supply of 689,033,313 UNI coins and a max. supply of 1,000,000,000 UNI coins. technical Analysis: The market Cap is currently at the Accumulation Phase which is the phase of Smart Money Inflow and lets the Institutional and High Net Worth investors to Step in which leads the Cycle and Push the Price Value of the said Asset to higher levels. There exist Bullish Divergence of Total Value and MACD which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new economical cycle. 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 value correction and Reaccumulations, on its Up Formation rally. Currently the Total Value is at 78.6% Fibonacci retracement level, it means, it has to break many resistance levels and shall rechecked them backed and it has to Prove them to be the Accountable Support Areas. Probably we may not again see this 78.6% Fibonacci retracement zone or bellow... 66B $ is a fare target for this assets Market Capitalization.
CRYPTOCAP:UNILong
by BitonGroup