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CoinJanitor Buys Deadcoins & Announces 1 Million Sat Giveaway Away to Say Thanks!

Bitcoin Press Release: Coinjanitor have released details of their 1,000,000 SAT giveaway as part of its 2nd birthday.   24th June, 2020, Nicosia, Cyprus: It is hard to think about how many deadcoins there are out there. So many projects have failed or have been abandoned that the number of users who got stuck with […]

The post CoinJanitor Buys Deadcoins & Announces 1 Million Sat Giveaway Away to Say Thanks! appeared first on Bitcoin PR Buzz.

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Bitcoin Press Release: Coinjanitor have released details of their 1,000,000 SAT giveaway as part of its 2nd birthday.

 

24th June, 2020, Nicosia, Cyprus: It is hard to think about how many deadcoins there are out there. So many projects have failed or have been abandoned that the number of users who got stuck with those bags is unfathomable. This is a drag on the crypto space as a whole, but not for long. CoinJanitor came to the space 2 years ago as the first project of its kind.

This project is all about cleaning up crypto and giving all these users who are stuck another chance.CoinJanitor is the first project to absorb multiple deadcoins and is growing steadily after its first 2 years of operations. To celebrate this feat and get everyone in crypto excited about the project, the team also decided to launch a 1 million Sats worth of Bitcoin giveaway.

A Little Background About CoinJanitor

This Bitcoin giveaway supports CoinJanitor’s view that value should keep on migrating to top ranked cryptocurrencies. The team believes it has found the formula to contribute to this movement:

  • Most people in the space think about price; CoinJanitor focuses on value
  • Deadcoins still have value locked in them – all the assets like social media channels, code, and users
  • If it is possible to onboard deadcoin users while buying out deadcoin assets, the value can be unlocked
  • As CoinJanitor accumulates more assets and users it gains scale
  • Its community members benefit directly from the use of these assets
  • The cryptocurrency market enjoys a positive externality – from deadcoin users who now have a convertible token instead of a delisted bag of coins

How to Participate in the CoinJanitor Bitcoin Giveaway?

Supporting this project is easy. There are a few ways of doing so, but none better than signing up for CoinJanitor’s Bitcoin giveaway. It is all about helping the team get the word out and reach more deadcoin holders or abandoned project developers.

Since this has been the toughest obstacle the CoinJanitor team has faced in its journey to the deadcoin buyouts it now has under its belt, getting more people to know the project and understand how it will become the de facto mechanism to recycle value in crypto is the best way to celebrate this 2 year anniversary.

CoinJanitor’s Bitcoin Giveaway Rules

Participating in this giveaway is easy. Regardless of whether they are members of the CoinJanitor community or not, users just have to:

  • Join the CoinJanitor newsletter to get one raffle point
  • Share CoinJanitor messages on social media to get more raffle points 

When users signup they are competing for one of the following prizes:

  • 1 million Satoshis for the winner
  • 2,000 JAN tokens for the runner up
  • 1,000 JAN tokens for third place

The winners will be chosen at random and in the meantime users will be able to sign up and accumulate as many raffle points as possible

Sign Up & Follow CoinJanitor

So, just go ahead. Sign up and follow CoinJanitor’s effort to clean up the crypto space for the benefit of anyone involved. Users can reach CoinJanitor, sign up, keep up with its progress and share its updates through social channels like telegram or twitter or by visiting https://coinjanitor.io

CoinJanitor is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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Source: https://bitcoinprbuzz.com/coinjanitor-sats-thanks/Source: https://bitcoinprbuzz.com/coinjanitor-sats-thanks/

Blockchain

Cardano must remain above this level to revive from current lows or else…

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Cardano, following the lead of Bitcoin and Ethereum was falling today. In fact, in some ways, the third-generation coin has been following the second-generation coin. ADA’s price movement has been imitating ETH’s price action. It is important to consider what this means for the investors. We know they are hit by losses but how bad is that hit? Can they recover from it?

Cardano following Ethereum?

The coin has seen a consistent price fall in the same 5 day period as Ethereum did, falling by 15.08% at press time. At $2.12, things do not look good for ADA holders.

Cardano’s 15.08% drop | Source: TradingView – AMBCrypto

Those who bought ADA for around $2.41, are presently struggling to sell their holdings. As mentioned due to the price falling to $2.14 these people are dealing in losses. At the moment they represent 67% of all ADA investors.

The addresses in profits did not suffer much, however, but those at break-even did. These addresses went into losses and the total number of addresses in loss rose by 4%.

4% Cardano addresses move into losses | Source: Intotheblock – AMBCrypto

These losses further led to the average balance on every Cardano holders’ address dropping from $40k to $37k.

Cardano addresses’ average balance falls | Source: Intotheblock – AMBCrypto

So are there any hopes of recovery?

Hopes of recovery are alive but for that Cardano will have to maintain its strength somehow. Already its correlation to Bitcoin has dropped to 0.71. 

But that hasn’t stopped bullish investors from trying to gain as much profit as possible. The market books show a 16 million ADA worth $34.2 million higher demand for buying even during such a market.

Cardano continues to be bought | Source: Intotheblock – AMBCrypto

At present, $2 is the immediate and critical support. To minimize losses Cardano must remain above it as a fall from it could lead to further downfall.

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Source: https://ambcrypto.com/cardano-must-remain-above-this-level-to-revive-from-current-lows-or-else

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Blockchain

Webcams Site, BongaCams, Becomes Next Major Player to Accept Dogecoin

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The success and popularity of the cryptocurrency asset, Dogecoin, continues to trend upward as BongaCams has just become the next on a growing list of market-leading companies announcing their adoption of the digital currency as a payment option.  Dogecoin, now the world’s 8th largest digital asset, is surging once again and continues to enjoy support from investors and celebrities alike, including Tesla CEO Elon Musk, who has tweeted favorable comments about the currency on multiple occasions, even calling Dogecoin the “future currency of Earth.”

BongaCams, the biggest webcam site on the web, and recipient of multiple industry awards, has formally announced that they will be the next major name to begin accepting Dogecoin.  BongaCams has built a reputation for being closely aligned to the needs of their customers and the company has made extensive efforts to provide an accessibility experience that is fast, easy, and comfortable.  When it came to offering payment options that customers wanted BongaCams couldn’t ignore all that DogeCoin had to offer in terms of fast and anonymous payment options for their customers, and broad market acceptance.

And what’s not to love about Dogecoin?  After soaring 15,000% in value and reaching a market cap of $88 billion, the cryptocurrency has built one of the largest and most active communities in the cryptocurrency world and is now considered a great alternative for payment options.  Dogecoin’s popularity along with the abundant praise from research analysts who expect the ascent to continue have helped Dogecoin succeed where other cryptocurrency coins have struggled.

For those interested in using Dogecoin as a payment option – BongaCams offers wide array of helpful resources and exchange services with instructions on how to easily purchase Dogecoin online.
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Source: https://www.livebitcoinnews.com/webcams-site-bongacams-becomes-next-major-player-to-accept-dogecoin/>

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Blockchain

XRP, EOS, Chainlink Price Analysis: 20 September

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Broader crypto market sentiments remained quite bearish over the last 24 hours. The likes of XRP, EOS and Chainlink registered substantial losses.

XRP was trading below a dollar’s mark after over a month’s time. EOS lost 15.4% of its valuation and inched closer to its immediate support level. Lastly, Chainlink declined by 13.5% and was oversold after a gap of multiple months in between. 

XRP

XRP, EOS and Chainlink Price Analysis: 20 September

XRP/USD, TradingView

XRP depreciated 14.6% over the last 24 hours and was trading at $0.90. Immediate support level for the coin was at $0.77. 

Technical outlook suggested negative price action. MACD displayed red bars on the histograms. The Relative Strength Index was near the 20-mark indicating that XRP was oversold. Bollinger Bands diverged, suggesting that price volatility might be on the rise.

Conversely, if XRP’s buying pressure finds its way back, then the first resistance point stands at $1.06. Other price ceilings awaited the alt at $1.20 and $1.31 respectively. 

EOS

XRP, EOS and Chainlink Price Analysis: 20 September

EOS/USD, TradingView

EOS recorded a 15.4% fall over the last 24 hours and was trading at $4.26. The token had last traded around this price level over a month ago. A dip below the current price level could push EOS to trade at $3.90 support line. 

On the four-hour chart, the price of EOS was below the 20-SMA line. This reading meant that momentum belonged with the sellers. The Relative Strength Index was positioned inside the oversold territory.

Chaikin Money Flow was below the half-line as capital inflows also declined. MACD displayed red bars on the histogram. On the flipside, the first resistance mark for the coin was at $4.54. Additional price ceilings were at $5.10 and $5.48. 

Chainlink (LINK)

XRP, EOS and Chainlink Price Analysis: 20 September

LINK/USD, TradingView

Chainlink was priced at $24.07 after it plunged by 13.5% over the last 24 hours. Immediate support line was at $22.50, a price level it last touched on 11 August. The price of LINK was seen below the four-hour 20-SMA, indicating that price momentum belonged to the sellers. 

The Relative Strength Index was on a multi-month low. It was parked near the 20-mark signifying an oversold state. Awesome Oscillator displayed red signal bars. MACD flashed red bars on the histogram. 

In the event of a price reversal, LINK’s immediate resistance was at $27.78. Other resistance lines awaited LINK at $32.37 and $35.83.

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Source: https://ambcrypto.com/xrp-eos-chainlink-price-analysis-20-september

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