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Bitcoin Cash, EOS, Algorand Price Analysis: 14 January

Bitcoin Cash reclaimed an important region of demand following its drop to $400 and was on its way to recovery toward $600. EOS formed a bullish pattern, a breakout from which it would target the $3 level of resistance. Algorand indicated neutral short-term momentum and only a climb above $0.45 would point toward the likelihood […]

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Bitcoin Cash reclaimed an important region of demand following its drop to $400 and was on its way to recovery toward $600. EOS formed a bullish pattern, a breakout from which it would target the $3 level of resistance. Algorand indicated neutral short-term momentum and only a climb above $0.45 would point toward the likelihood of testing $0.5 for ALGO.

Bitcoin Cash [BCH]

Bitcoin Cash, EOS, Algorand Price Analysis: 14 January

Source: BCH/USDT on TradingView

Bitcoin Cash, closely correlated to Bitcoin, was forced to retrace some of its recent gains following the Bitcoin correction a few days ago. This move down in no way indicated a trend reversal, rather only the short-term momentum shifted to the bearish side.

That too, took a turn a few hours ago as BCH found support at the 38.2% retracement level. The MACD climbed back above the zero line and formed a bullish crossover, and the price rose past the psychological $500 level as well.

A retest of the $500 region as support is possible over the next few hours, but the bulls reclaiming the $450-$460 region over the past couple of days is a significant bullish development. Imminent levels of resistance for BCH lie at $550 and $630.

EOS

Bitcoin Cash, EOS, Algorand Price Analysis: 14 January

Source: EOS/USDT on TradingView

The gains from recent weeks were almost entirely wiped out in the space of 32 hours as EOS was forced as far south as $2.44 to find support.

The past few days saw EOS form an ascending triangle pattern, a bullish pattern that generally sees the price breakout to the upside. The low trading volume during this same time period indicates that market participants are anticipating a breakout as well.

This would present a target of $3 to the bulls. A trading session close beneath the pattern would see $2.6 region tested once more.

The RSI was on the doorstep of the neutral 50 value, showing short-term lack of momentum but its rise above 50 would point toward a bullish move.

Algorand [ALGO]

Bitcoin Cash, EOS, Algorand Price Analysis: 14 January

Source: ALGO/USD on TradingView

On the 1-hour chart, it can be seen that ALGO formed a double top pattern, fell to test the $0.39 level multiple times but the level more or less withstood the bearish pressure.

This defense saw ALGO bounce back toward the $0.43 mark. The reaction of the price over the next few hours would dictate the short-term direction of the market. As indicated by the OBV, the selling volume has been steadily rising for nearly ten days, yet the past two saw rising demand.

The coming hours would reveal which way the market swayed, and the $0.39 support or $0.5 resistance will be the levels ALGO can be expected to test.

Source: https://ambcrypto.com/bitcoin-cash-eos-algorand-price-analysis-14-january/

Blockchain

Amplifying Her Voice

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200+ SPEAKERS, 75+ Countries, 5 Continents, 3 DAYS | International Women’s Day Global Virtual Summit 

TOPICS INCLUDE: Blockchain, Digital Assets, FinTech, Artificial Intelligence, Women in Space Exploration, Global Women’s Entrepreneurship & Leadership, Podcasting, Healing & Wellness  

You are cordially invited to join us for this GLOBAL Virtual Summit celebrating the voices of women & girls around the world as we discuss new paradigms in reshaping the global digital economy and celebrate the launch of The State of Women Podcast Network in partnership with The State of Women Institute, SHEQONOMI, and Women Investing in Women DIGITAL.  

  1. Inviting all global partners & leaders committed to the economic empowerment of women to join us for various strategic opportunities
  2.  Our 3-day event will engage women entrepreneurs & women owned enterprises build bridges for global international trade & commerce
  3. Join us in setting a new global standard for the economic empowerment of women, especially small and large scale women entrepreneurs from leading economies, emerging markets, and industry thought leaders and mavericks leading Post-Pandemic Recovery.  

REGISTER HERE:  https://hopin.com/events/sheqonomi

ABOUT: 

Global investment into women led companies has reached an all time low during 2020. We are seeing many innovative ideas come out of developing nations across the globe that deserve more visibility and connectivity with qualified investors and partners who can help them grow and scale. Amplifying Her Voice will serve as a global platform that will bring such stakeholders together from within Bermuda economic development ecosystem to a broader global community of women entrepreneurs, investors, technologies, and industry professionals to accelerate both communication and unprecedented digital connectivity. This Roundtable will be the beginning of a series of conversations where professionals from within Bermuda’s innovation ecosystem may listen, learn, and share best practices with the global women’s entrepreneurship ecosystem where our global network of women investors and philanthropists will be invited. Your will have the opportunity to share your CALL’s to Action from local, regional, and global standpoints that will hopefully be a starting for deeper conversations and partnerships leading to change, investment, impact, and transformation. 

A worldwide pandemic, uncertainty, and troubles big and small over this past year have brought increasing challenges and anxiety—but they have also brought together women leaders and innovators around the globe: to share their ideas and innovations, to inspire and lift up one another, and to support women and change the world. Join us as we amplify their voices, celebrate their accomplishments, learn from their vision, and work together to invest in women. 

  • Join us as we co-create the NEW normal where our voices and our wisdom are valued. 
  • Listen to innovators, entrepreneurs, investors, and women on the front-lines who have developed solutions to global issues at scale addressing UN Sustainable Development Goals shaping the global economy, education, food security, climate change, space exploration, and more.
  • Participate in main stage content and breakout workshops on global women’s entrepreneurship, healing and wellness, and the latest in blockchain and cryptocurrency investing.
  • Bring your curiosity and connect with our global community in our breakout sessions and networking receptions.
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Blockchain

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

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[Featured Content]

The cryptocurrency industry is booming throughout the past year, and the increase in the total market capitalization is definitive proof.

The market is, at the time of this writing, valued at about $1.5 trillion. The same can be said about the DeFi industry. The total value locked in various protocols exceeds $39 billion, and the direction has been up only for quite some time.

However, this has also brought certain inefficiencies in different solutions, including Ethereum. Transaction fees on the network surge as it’s clogged by new participants. This is the reason we’ve seen plenty of alternative solutions being developed to tackle these issues.

NEXT chain is a new-generation blockchain that allows the tokenization of various assets, making them instantly tradeable at quick speeds and low fees.

What is NEXT Chain?

NEXT Chain is a blockchain that allows anyone to create and maintain their own digital assets in a manner that’s easy and rather similar to the ERC20 protocol standard running on Ethereum. All assets are tradeable directly as the team’s aim is to deliver transparent liquidity to existing and new projects.

The capabilities of the network include but are not limited to:

  • Issuing digital fungible assets such as bonds, stocks, and other securities
  • Creating non-fungible tokens (NFTs)
  • Creating and managing sovereign and decentralized identities
  • Design and run other types of arbitrary-complex smart contracts

It’s also worth noting that the blockchain is up and running since April 2019. It already has almost 200 master nodes, and, as the team reports, it doesn’t have a single failed transaction.

Additionally, the team aims to deliver the most profit for its community by taking advantage of different financial activities while also putting real-backed assets on-chain such as company stocks or commodities like gold, for example. It will also be connected to a fiat gateway, so there’s no middleman if the user decides to swap to EUR or USD, for instance.

The team has implemented a combination of Proof of Work and Proo of Stake consensus algorithms with master node validators acting as a Layer 2 technology. This allows the network to achieve high transactional throughput, typical of PoS networks, while also keeping the PoW principles to guarantee that miners calculate hashes with strong encryption.

Some of the advantages of these integrations include low transaction fees, high speeds, and scalability.

What Are the Benefits for Projects and Investors?

Teams are incentivized to build on NEXT Chain through a variety of different mechanisms, mainly through the capabilities of the blockchain itself.

They can create assets quickly and easily and also take advantage of crowdfunding opportunities. The transactions are quick, and the fees are comparatively lower. The team reports that the blockchain can handle up to 10,000 transactions per second (TPS) which is considerably more than Bitcoin or Ethereum’s chains.

On the other hand, investors can benefit from liquidity farming, staking rewards, master node rewards, mining, as well as from master node governance.

The NEXT Exchange

Another important part of NEXT’s ecosystem is the NEXT Exchange. It’s built on the proprietary blockchain, and it’s fueled by master nodes that allow it to reach a very high transactional throughput.

Each user retains full custody over their funds and gains access to their own private keys. It’s also worth noting that the team is building an alternative to Uniswap and PancakeSwap as the leading decentralized exchanges on Ethereum and Binance Smart Chain, respectively.

In addition to that, there are other initiatives that the project has in store, such as:

  • New and updated desktop wallet
  • Upgraded block explorer
  • A mobile app
  • Integrating smart contracts on NEXT chain
  • Atomic swaps
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Source: https://cryptopotato.com/next-chain-new-generation-blockchain-with-eyes-on-the-defi-industry/

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Blockchain

Cardano, NEM, Sushiswap Price Analysis: 03 March

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Even though the on-chain metrics for Cardano, NEM, and SUSHI pointed to a short-term pullback, the fate of the altcoins rested with the bullish cues from Bitcoin and Ethereum. If the technicals do hold up, the aforementioned coins would need to bypass a period of bearishness, before continuing their northbound movement.

Cardano [ADA]

Source: ADA/USD, TradingView

Cardano maintained its position as the world’s third-largest cryptocurrency with a market cap of slightly under $40 billion. Interestingly, a jump of 23% over the last seven days also made Cardano the highest weekly gainer among the top-10 coins by market cap. At press time, ADA was trading just below record levels, while preserving its healthy uptrend on the daily charts.

The Parabolic SAR confirmed the bullish nature of the price as the dotted markers moved below the candlesticks. On the downside, a bearish divergence was spotted on the RSI after the index formed lower highs in the overbought region. With market leaders picking up the pace at the time of writing, bearish predictions for ADA could be offset by bullishness in the broader market.

NEM [XEM]

Source: XEM/USD, TradingView

NEM was another example of a cryptocurrency that registered healthy gains in a largely subdued crypto-market after the price jumped by over 40% in a week even as the market leaders moved sideways. The said hike was boosted by strong bullish momentum, with the same highlighted by the green bars on the Awesome Oscillator.

On the flip side, the Relative Strength Index noted a saturation of buyers in the market and highlighted a bearish pullback. The support level at $0.7 could be in focus in such a scenario. Nevertheless, expect NEM to continue its ascension on the charts post the correctional period.

SushiSwap [SUSHI]

Source: SUSHI/USD, TradingView

SUSHI was trading in the red territory at press time as the price dropped by nearly 5%, compared to yesterday. Even though SUSHI picked up from the $17.24-support level on the 4-hour charts, low trading volumes and buying activity meant that a move towards record levels was unlikely over the coming sessions.

The MACD closed in on a bearish crossover as the green bars fell on its histogram. The CMF was optimistic in its outlook as the index rose above the half-way mark and highlighted the flow of capital. In fact, there was a chance that SUSHI could sustain itself above its press time support, even in a bearish scenario.


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Source: https://ambcrypto.com/cardano-nem-sushiswap-price-analysis-03-march

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