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A Zcash (ZEC) Breakout Above this Resistance Could Trigger a Massive Spike

The long-term trend seems to be bullish and Zcash is expected to be successful in breaking out.   Long-Term Zcash Resistance Levels ZEC is currently trading inside the $110 resistance area, a resistance level that has been in place since ZEC initially broke down in November 2018. ZEC made an unsuccessful breakout attempt in Jun. … Continued

The post A Zcash (ZEC) Breakout Above this Resistance Could Trigger a Massive Spike appeared first on BeInCrypto.

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Zcash (ZEC) is currently making an attempt at breaking out from the $110 resistance area. This is a strong resistance level that has been in place for nearly 800 days.

The long-term trend seems to be bullish and Zcash is expected to be successful in breaking out.

 

Long-Term Zcash Resistance Levels

ZEC is currently trading inside the $110 resistance area, a resistance level that has been in place since ZEC initially broke down in November 2018. ZEC made an unsuccessful breakout attempt in Jun. 2019 before dropping sharply.

Nevertheless, ZEC has returned to this area once again and technical indicators appear bullish. 

If ZEC is able to finally overcome this resistance, the next closest resistance area is found at $356 (0.382 Fib retracement level).

ZEC Long-Term Levels
ZEC Chart By TradingView

Ongoing Breakout

Cryptocurrency trader @CTreets outlined a ZEC chart that shows a breakout from a descending resistance line.

ZEC Movement
Source: Twitter

Since the breakout, ZEC has validated the line as support and continued its ascent. The validation level at $87 is now expected to act as support in case ZEC drops.

However, similar to the weekly time-frame, indicators in the daily time-frame are bullish and support the continuation of the upward movement.

ZEC Breakout
ZEC Chart By TradingView

ZEC Wave Count

The wave count suggests that ZEC is in an extended wave 3 (shown in white below) of a bullish impulse that began with the March lows.

The minimum target for wave 3 would be at $183, which would give waves 1:3 a 1:1.61 ratio.

However, a more likely target would be at $238, the 2.61 Fib extension of wave 1. This scenario would allow for the whole movement to be completed between $351-$376 — the 0.382 Fib retracement resistance outlined in the first section.

The sub-wave count for the extended wave 3 is given in orange.

ZEC Wave Count
ZEC Chart By TradingView

A closer look reveals that ZEC is likely approaching the top of sub-wave 1. This has a target between $129-$134, found by using a combination of Fib projections (black) and external retracements (white).

The minor sub-wave count is shown in black.

ZEC Short-Term Count
ZEC Chart By TradingView

Conclusion

Zcash is likely in a long-term bullish trend which could eventually take it to $350.

However, the short-term bullish trend seems to be coming to an end, so an eventual retracement is likely before ZEC resumes any further accelerated upward movement.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here!

Disclaimer: Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. The views expressed in this article do not reflect those of BeInCrypto.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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Source: https://beincrypto.com/zcash-zec-breakout-above-resistance-trigger-spike/

Blockchain

SOLANAX Private Sale Is On For The Cross-Chain DEX

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[PRESS RELEASE – Please Read Disclaimer]

The cryptocurrency market has left people wondering about the long-term growth prospects and which cryptocurrency they should invest in. Solanax is an automated market maker (AMM) based on the Solana blockchain, which is set to be a game-changer in the cryptocurrency world.

The SolanaX Platform

After parsing through their team of professionals, whitepapers, their project plans, and unique platform capabilities, there is no doubt that once the platform is up and running in full swing, it will undoubtedly change the way people transact today with its simple interface for the public to trade at a record higher blockchain speed and lower gas fees.

  • There are no time-consuming processes or intermediaries.
  • It offers a very simple interface and lower gas fees while initiating the transactions.
  • Solanax increases blockchain speed and makes it more convenient to transact than its peers in the cryptocurrency market.
  • As Solanax is based on Solana’s Proof-of-History verification concept rather than a Proof-of-Work system (as that of Ethereum’s), it will enable users to leverage Solanax’s phenomenal transaction capabilities (Solanax to handle thousands of transactions in a second as compared to Ethereum’s 15).
  • The most crucial part is that while speeding up blockchain transactions and lowering gas prices, Solanax does not compromise on the security aspect.

The Ongoing Private Sale Of Solanax

Solana blockchain is substantially faster compared to its peers, and the ongoing private sale is an opportunity for crypto enthusiasts and investors to participate in this game-changer prospect.

The private sale is still ongoing until Friday, 25th June.

Total Supply: 80 000 000 SOLD Tokens

There will be 20 Million SOLD Tokens distributed before the CEX listing.

Private Sale: Total available token supply – 10,000,000 SOLD

Period: From 06/06/2021 to 25/06/2021

Token Price: $0.1 with a 3months vesting period

Token Price: $0.15 w/o vesting period

Initial Exchange Offering: Total available supply – 10,000,000 SOLD

Final Words

Solanax aims to revolutionize the DeFi exchange network and enhance efficiency levels to new highs. With DeFi gaining popularity, there is an urgent need for the industry to look beyond the older cryptocurrency platforms like Bitcoin and Ethereum. The sluggish transaction speed is one of the prime reasons for Solanax not preferring the Ethereum-like platforms. Besides, Solanax, with its high blockchain speed, simple interface, and low gas fees, is truly a game-changer for crypto aficionados, and Solanax’s Ongoing Private Sale presents the perfect investment opportunity for investors.

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Source: https://cryptopotato.com/solanax-private-sale-is-on-for-the-cross-chain-dex/

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Blockchain

Ethernity CLOUD: Data Confidentiality Backed By Blockchain

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[Featured Content]

It goes without saying that data confidentiality is one of the hottest topics of the decade. From mega scandals of leaked information to a constant stream of news about large corporations being victims of ransomware, there’s undeniably something lacking in the way data is stored traditionally. For the most part, at least.

The truth is that most users rely on traditional cloud infrastructure. Unfortunately, it has many central points of failure and trust, such as:

  • The centralized nature of the Domain Name System (DNS)
  • The dependency on one or numerous cloud providers for service availability
  • Centralized storage of user information

Blockchain technology and cryptography are quickly becoming a topic that many discuss mainly for its potential to disrupt a range of traditional services – data storage and cloud computing are among them.

Etherenity CLOUD is a project that envisions cloud computing infrastructure to be an environment where the data of users is hosted on a range of systems in a manner that’s both confidential and heavily encrypted. From home computers to professional-grade datacenters, any kind of hardware could be used with Ethernity CLOUD and trust that the information is private while in transition and in general.

EthernityCloud2

Ethernity CLOUD: What is it all about?

If one thing is clear, it’s that centralized data servers have become a primary target for hackers. Less than two weeks ago, CryptoPotato reported that JBS – the world’s largest meat producer, paid $11 million in Bitcoin to ransomware hackers who successfully locked the company out of their data.

Ethernity CLOUD’s infrastructure software is created on top of open-source services and technologies, and the migration from standard, centralized cloud providers to it is relatively simple. This comes as a difference to other decentralized hosting solutions, which tend to be rather complex in their attempts to reinvent the wheel.

The main purpose of the project is to provide blockchain infrastructure to participants so they can run cloud software in a decentralized manner, to rent out their idle or extra hardware, and so forth – all this while also providing incentives for decentralized cloud application developers.

Data Confidentiality and Encryption

Ethernity CLOUD’s architecture is designed in a way to favor the most secure encryption and hashing algorithms. At the same time, it keeps the overhead low in order to prevent performance degradation.

The information that’s being exchanged across the network is encrypted, and the ecosystem is designed in a way that prevents the decryption of information in transit, even with the most advanced cryptographic attacks, including brute forcing and collusion.

Naturally, the encryption of the data at rest is also equally important to Ethernity CLOUD, and it was designed on a trustless business model. The information is stored across the network. However, decentralized cloud service providers are unable to access, read, modify, or even interfere in any way with the node that runs on their machine.

Members of the network, by default, are considered untrustworthy – as it is with other blockchain networks. The software code enforces and ensures the trust, which reassures the decentralized cloud users about the safety of their data.

In turn, all of the above provides ground for the following benefits:

  • Ethernity CLOUD is crucial for freedom of speech in the current internet environment where censorship is prevalent.
  • It can be used as a base infrastructure for an online library.
  • It can be the answer to competitive decentralized services or web applications that demand high availability.
  • Can guarantee high availability of online resources through avoiding single points of failure.
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Source: https://cryptopotato.com/ethernity-cloud-data-confidentiality-backed-by-blockchain/

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Blockchain

Euro 2020: Earn As You Watch

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[PRESS RELEASE – Please Read Disclaimer]

Over the years, the European Championship has always been an exciting competition to look forward to for fans of competing nations and football lovers worldwide. There is the assurance of highly entertaining, unforgettable, and thrilling games as different countries compete for continental glory.

Euro 2020 has undoubtedly met expectations and fulfilled some of those promises, with so much more in the bag as the competition progresses, nearing the knockout stages. Teams like England, Italy, Netherlands, Denmark, Austria, Wales, and Belgium have booked their spots in the next stage, while France, Portugal, Germany, and Spain, known favorites, are yet to qualify.

Building on an impressive run of games under Roberto Mancini, Italy has a flawless run as they top their group with perfect stats. The Netherlands also has an excellent record as they pose a force to reckon with in this edition of the competition.

Belgium also showed class by maintaining a perfect record in the group stage, while Denmark, Austria, and Wales took advantage to book their spots in the next phase of the competition.

As the Euro draws near its most intense, dramatic, and thrilling peak, 1xBit, a leading crypto sportsbook and online casino, has a well-packaged competition, which is on the same plane of intensity as Euro 2020, for all viewers and sports lovers alike.

This competition is EUROMANIA. It is as fun as the name suggests. More importantly, it is highly rewarding!

1xBit EUROMANIA Competition

1xBit EUROMANIA lottery is a carefully designed competition for football lovers and viewers of Euro 2020. As the competition has its favorites, so does EUROMANIA. Many people have significantly benefited from this competition, so you should not be left out, as there are tremendous and handsome prizes yet to be won.

Additionally, this lottery is different from any other you have seen before because joining it allows you to earn crypto as you bet on the Euro. There are various sporting events, vast selection options, and mouth-watering odds.

The steps to joining are simple and direct. Log on to 1xBit, create an account, make a deposit, bet on the Euro, collect lottery tickets and win amazing prizes!

Benefits of Choosing 1xBit

1xBit is a unique betting platform distinct from others because it offers users a fantastic chance of receiving so many benefits. These benefits include:

  • Welcoming Bonus: As a new user, you get the opportunity of earning yourself a reward of 7 BTC as a welcome bonus. This reward is activated after your 4th deposit on the platform.
  • Anonymity: This is yet another benefit you enjoy using the platform. 1xBit does not require any personal information to get started.
  • Instant Payout: You get the chance to have your account funded as soon as you win. No time is wasted in processing your funds as you get them instantly.
  • Multi-currency Account: Whether you have Bitcoin, ETH, XRP, or any other supported altcoin, there is nothing to worry about as you can transact using any of this cryptocurrency.

Enjoy Euro 2020, bet, and win crypto!

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Source: https://cryptopotato.com/euro-2020-earn-as-you-watch/

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