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DEX Tokens Attempt to Create Bullish Structures With Strong Bounces

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Uniswap (UNI) has bounced at the $17.50 support area and created a higher low.

PancakeSwap (CAKE) returned near its listing price at $9.44, before bouncing.

0x (ZRX) has been increasing since May 24, but is still facing resistance at $1.28.

UNI

UNI has been moving upwards since May 23, when it reached a low of $13. It created a bullish engulfing candlestick the next day and proceeded to reach a high of $30 three days later. 

While it was rejected by the 0.5 Fib retracement resistance at $29, it created a higher low and is currently making another breakout attempt.

Technical indicators are bullish. The MACD has given a bullish reversal signal and the Stochastic oscillator has just made a bullish cross. In addition, the RSI is close to moving above the 50 line. 

However, UNI has to break out above the $29 resistance area in order to confirm its reversal.

UNI Movement
Chart By TradingView

The shorter-term six-hour chart supports this possibility. The movement since the lows looks impulsive (highlighted in green) and the token has made a higher low right at the 0.5 Fib retracement support level. 

This supports the possibility that UNI will eventually break out above the $29 resistance area.

UNI Short-Term
Chart By TradingView

Highlights

  • There is support at $16.50.
  • Technical indicators in the daily time-frame are bullish.

CAKE

CAKE has been moving downwards since April 30, when it reached an all-time high price of $44.27. The decrease was very sharp, resulting in a low of $9.44 being reached on May 23.

This took the token closer to its listing price, validating the $9.50 area as support once more. It indicated a decrease of 80%, in only 23 days. However, it created a long lower wick and initiated a bounce afterwards.

Technical indicators are showing some bullish signs, but have not confirmed the reversal yet. A bullish cross in the Stochastic oscillator (green) and an RSI movement above 50 would indicate that the trend is bullish.

While CAKE is in the process of moving above the minor resistance area of $20, there are numerous resistances left to clear, before the trend can be considered bullish. 

The most crucial ones are found at $26.8 and $31, respectively, created by the 0.5-0.618 Fib retracement resistance levels.

CAKE Movement
Chart By TradingView

Highlights

  • There is support at $9.50.
  • There is resistance at $26.8 and $31.

ZRX

ZRX has been increasing since initiating a bounce, on May 24. It created a higher low, on May 30. 

Similarly to CAKE, technical indicators are showing bullish signs. However, they have yet to confirm the bullish trend reversal. A bullish cross in the Stochastic oscillator (green circle) and an RSI movement above 50 would indicate that the trend is bullish.

Despite this, there is an important resistance area at $1.28. The same area previously acted as support. Until ZRX manages to move above it, we cannot consider the trend bullish. 

In addition to this, an increase above the $1.246 low (red line) would confirm that the downward movement is not a bearish impulse, rather it is a correction, which might be complete.

ZRX Daily Chart
Chart By TradingView

Highlights 

  • There is resistance at $1.28.
  • Technical indicators are attempting to turn bullish.

For BeInCrypto’s previous bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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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/dex-tokens-attempt-to-create-bullish-structures/

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After A Multi-Month Period of Development, SaTT’s Social Network Monetization Platform Is Finally Set to Debut

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Blockchain-based advertising platform SaTT first debuted its MVP far back in 2020, since then the France-based ad firm being pioneered by Atayen Inc. has been doing a lot to stay on the front page of the blockchain-based advertising landscape. Current development shows that a novel blockchain firm is set to unveil its long-awaited Social Network Monetization Platform.

The SaTT’s Social Network Monetization Platform is a brainchild of a multi-month period of development and a product of fine work of innovation by Atayen Inc. The product will feature the notion of Advertising Pools, or Ad Pools, which will debut alongside social network farming, allowing firms and organizations to reward creators more transparently in the future. When asked about the significance of the approaching launch, Atayen said:

“To showcase proof-of-concept for the technology, Atayen is offering the first Ad Pool on YouTube for interested early adopters, entitled Proof Of Concept: YouTube Challenge. Throughout the process, Crypto YouTubers can discover the advantages of SaTT firsthand and earn SaTT cryptocurrency with their youtube channel.”

The Ad Pool will commence with a total of 100 million SaTT tokens, with the goal of reaching a total of 5 million views. In order to attain this milestone, creators will have to meet some preset performance-based objectives provided by the company.

SaTT is calling on all content creators and advertisers to seize this blue-chip opportunity to become the early adopters of the SaTT advertising platform. The Ad Pool, according to Atayen, would allow content providers to earn SaTT automatically through Post Farming, which requires a particular number of views, likes, or retweets. Once the conditions are met, creators will receive the SaTT token, and the balance will be transferred.

This launch will unarguably set the tune for an explosive exposure on all that SaTT has been building in the past years, and will ultimately gear up the path for massive mainstream adoption of the SaTT advertising product.

Discover SaTT and What We Have Been Building.

Conceived out of the need to decentralize the global advertising landscape, SaTT is a blockchain-based advertising project currently running on a dual chain: the Ethereum blockchain and the Binance Smart Chain (BSC). SATT token is the native cryptocurrency token that powers the SaTT ecosystem DApp and a medium through which all transactions are completed within the platform.

Last year, SaTT integrated its decentralized advertising solution with the top social media platforms including Facebook, Instagram, Youtube, and Twitter. Allowing advertisers to promote their products and services through influential marketing strategies.

With the help of decentralized smart contract oracle, SaTT connects advertisers to publishers (social media influencers) together, allowing publishers to create content via these social media channels and in turn get paid for their effort based on the level of engagement derived (number of views, shares, likes, comments of the publication).

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://bitcoinist.com/after-a-multi-month-period-of-development-satts-social-network-monetization-platform-is-finally-set-to-debut/?utm_source=rss&utm_medium=rss&utm_campaign=after-a-multi-month-period-of-development-satts-social-network-monetization-platform-is-finally-set-to-debut

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A New Metaverse Project That Has Started to Spread Around the Globe

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The Next Earth project is a big deal. It’s not just another blockchain startup. It’s a new NFT-based replica of Earth that aims to disrupt the centralized status quo. Currently, over 25 million “tiles” on this virtual Earth have been sold (the digital planet has only been live for about one and a half months).

This metaverse project is gaining interest around the world, with videos and articles in Arabic, Korean, Russian, Indian, Polish, Serbian, and more. This is because the project is focused on providing something that hasn’t been done before: a metaverse where anyone can buy virtual properties of anything they want without relying on centralized servers.

The idea behind this is simple: if you can’t truly trust anyone with your data when you’re online today, then how do you expect to be able to trust them with your identity or assets when you’re interacting with an entire planet?

The Power of an International Community

One of the most interesting aspects of this project is that it’s a global community. The Next Earth team has been very active in creating an international community, with thousands of members in its Discord, featuring international lobbies in German, Hungarian, French, Korean, Serbian and far more. They have created a community where people can come together and discuss ideas and strategies for building the metaverse.

This is important because it shows that there is a real desire for something new in the metaverse space. People want to be able to interact with each other on their own terms, not just through centralized services like Facebook or Twitter.

What’s Next?

This brings us to what’s next for this project. In order to succeed, this new virtual world needs to provide something that hasn’t been done before: truly decentralized ownership of virtual land and assets without relying on centralized platforms controlled by someone else (like Amazon Web Services).

To do this they will build out more features than just owning land: Users will be able to buy virtual property from other users, all while being able to trust that no one will ever be able to take those items away from them again without permission. This is where things get really interesting!

The Next Earth project is launching a marketplace where users can buy and sell their virtual property NFTs, which is planned to release on September 27th. This will help fuel the long-term vision of creating a “metaverse nation” where people will be able to create their own virtual cities and towns.

This is an exciting time for the metaverse space because we are finally starting to see some real innovation in this area. It’s important to remember that the metaverse isn’t just about owning land or assets; it’s about building communities.

Spreading Creativity Globally

Next Earth has a number of other exciting innovations in the pipeline, including tile-based pixel art.

Tile-based pixel art will be a new way of creating virtual art that is also non-fungible (meaning that each one can be identified as unique). This means that when you buy virtual land on Next Earth, you can create unique pixel artwork on top of it.

Ultimately, it makes sense that an Earth-based metaverse is catching the attention of people around the world. Everyone even dreams of owning a piece of Disney World or sunny beaches, and now it can be yours in the virtual metaverse.

Photo by Sebastian Svenson on Unsplash

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://bitcoinist.com/a-new-metaverse-project-that-has-started-to-spread-around-the-globe/?utm_source=rss&utm_medium=rss&utm_campaign=a-new-metaverse-project-that-has-started-to-spread-around-the-globe

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The Most Worthwhile Digital Currency to Invest in the Next Three Years-RLI

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IXecx is an umbrella project of the The Confidential Computing Consortium Foundation.IXec builds open-source software aiming to “decentralize the cloud”. Blockchain technology is used to organize this marketplace where users can rent their computing power, data, or applications.

IXec also offers consulting and support to companies in the development of blockchain projects, from ideation to implementation. By providing on-demand access to cloud computing resources, IXecx supports compute-intensive applications in fields such as AI, big data, healthcare, rendering, or FinTech.The company works with renowned partners such as Intel, Google, and IBM Cloud.

One of the main strengths of IXecx lies in trusted off-chain computing. In collaboration with Intel, IXecx has released the first-ever ‘trusted compute’ solution for blockchain (TEE using Intel SGX). IXecx offers a Blockchain based AI model marketplace which allows to trade (i.e. rent out) AI models in a secure way, the framework leverages Intel SGX to protect the privacy of the models during the rental procedure.

IXecx issued its own digital currency-RLI on September 1, 2021. According to Stephen Walli, President of Group Operations, the Group plans to realize that RLI can be freely traded on major global exchanges on January 1, 2022. In view of the current small number of users holding RLI coins, in order to ensure that RLI has a certain degree of liquidity, users can earn RLI coins through mining from September 1, 2021. In addition, the group also prepared a marketing promotion incentive of 50 million US dollars. Individuals or teams can get up to 5 million U.S. dollars rewards for participating in marketing.

Regarding the future value of RLI, Stephen Walli said that RLI is a decentralized computing resource market. combines blockchain technology with 5G technology to improve the quality of modern urban services. In addition, transactions conducted through the blockchain network are instant and immutable, which further improves the security of payment. It will provide solutions for more start-up companies, solve problems related to multi-enterprise interaction, and promote the creation of new business models based on 5G.Provide blockchain technology for infrastructure supporting 5G, machine-to-machine (M2M) transactions, and autonomous services. IXecx is working with Intel to apply 5G and blockchain in cities. Currently in this demo, IXecx provides a blockchain-based market for connecting services between devices and decentralized identity verification. By combining 5G and blockchain in rescue services, the demonstration provides a high-performance and secure concept for urban 5G infrastructure.

“In a wider perspective, the development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario. The plan is to continue with other open scientific codes requiring possibly other types of worker pools.”

Gilles Deleuze, EDF Blockchain Co-ordinator.

For more information, please visit the group website: https://www.ixecx.com 

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://themerkle.com/the-most-worthwhile-digital-currency-to-invest-in-the-next-three-years-rli/

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