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Student Coin (STC) Launchpad ICO Concludes in 5 Weeks, focus on Tokenization, DeFi, and NFTs

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The multi-phase already successful Launchpad initial coin offering (ICO) of Student Coin (STC) will end on Apr 30, 2021.

Student Coin’s Innovative Launchpad ICO

As of writing on Mar 19, the Student Coin ICO is on Round 83, where each STC token is trading at $0.0154. 

The objective in this (and every other) round is to raise $500k. Overall, the project aims to complete 100 rounds. From this exciting funding style, the team has raised over $9.8 million. However, the figure will be significantly higher by the time they conclude their ICO.

Interestingly, the fundraising style chosen by Student Coin means early adopters, those who sensed an opportunity, believing in their cause, are already in the money even if they decide to liquidate at spot rates. The STC token price, in each fundraising round, keeps increasing

For instance, in round 82, each STC token sold for $0.0152, $0.0001 higher than the preceding phase. By the time Student Coin concludes, each token will be available for $0.0171, going by the current incremental stage.

Investors can use their Coinbase accounts, MetaMask wallets, and cards to purchase STC tokens at any stage before the crowdfund ends. Every purchase from the launchpad will be deposited to the investor’s STC wallet. 

All STC token holders would have to login for access.

Introducing STC Staking

Besides, there is an opportunity for token holders to earn even more tokens through STC staking. 

From STC staking, holders can earn over 30 percent in monthly returns and over 320 percent as annual yield. 

There are already over 54,000 STC token holders participating in the program, adding over 300k STC tokens last week. 

Student Coin plans to announce the STC and USD staking periods in the coming days, providing further clarity and helpfully defining payment cycles.

In addition to staking, STC token holders also receive cyclical payments from the STC Exchange generated from crowdfunding and fees. 

Minting NFT and DeFi Tokens

Student Coin aims to be a platform where people, projects, or institutions can easily build and manage their custom tokens. 

These tokens can span those in DeFi or NFTs, two of the most exciting sub-sectors in the crypto space. 

Student Coin has already built a terminal where users can easily mint DeFi and NFT tokens. 

The platform, which will launch in Q3 2021, opens up new opportunities for users to ride on the DeFi and NFT waves. 

Presently, over $44 billion of digital assets are managed securely by leading audited DeFi protocols.

Meanwhile, the NFT wave has seen the anonymous purchase of digital art to the tune of millions. The democratization of art and the middle man’s elimination means users can readily conjure their creative juices, selling their pieces for millions—a new revenue stream.

Student Coin Roadmap: Exchange Listing, Trading, and Education

The STC token is central to the Student Coin ecosystem. 

From their total supply, 50 percent is available for public purchase. 

Each STC can also be swapped between Ethereum and Waves blockchains.

In early May 2021, a few days after the Launchpad ICO concludes, the team aims to list the STC token in one of Asia’s leading crypto exchanges as per their roadmap

The team will also withdraw ETH and STC from the ICO wallet as they build the STC liquidity via listing at major exchanges in H2 2021. Meanwhile, the STC prelaunch listing is available at Uniswap—the world’s largest DEX, and CoinTiger.

At the same time, they will be working on marketing and education. 

The Student Coin Education Panel is live. It is where users can learn about blockchain, digital assets, and security. Most importantly, the panel will cover the principles of the incoming blockchain revolution and will be updated every week. 

Student Coin is also developing an exchange where users can trade popular tokens, including Student Coin-based tokens issued from the Terminal. Through the Student Coin Exchange, users can crowdfund, trade, and track all their tokens issued from the Terminal. 

The Big Picture

Overly, Student Coin aims to resolve a major pain point preventing widespread adoption. In their assessment, Student Coin strongly believes tokenization is the future. 

By availing a reliable, battle-tested platform put into practice by an experienced team of established scholars, they are practically establishing a sustainable tokenization ecosystem with STC as the central and reference currency.

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Source: https://btcmanager.com/student-coin-stc-launchpad-ico-5-weeks-tokenization-defi-nft/

Blockchain

Bitcoin Cash Price Analysis: 10 April

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The correlation between Bitcoin and Bitcoin Cash stood strong at 0.729, showing a positive correlation between the prices of the two (denominated in USD). Bitcoin Cash saw some bullish news in recent weeks when it was announced that merchants that have integrated PayPal will be able to accept payments in BCH.

Bitcoin Cash 12-hour chart

Bitcoin Cash Price Analysis: 10 April

Source: BCH/USDT on TradingView

Bitcoin Cash was once again near the $670 resistance level. Further on lies the $750 resistance level, while support is at the $600-$610 area.

A leg upwards could be exactly the thing that has been brewing in the markets over the past month. Bitcoin and Ethereum have been unable to break past the stubborn resistance at $60k and $2000 respectively, suffering a sharp pullback before recovering. The positive sentiment around the market has been building for a few weeks now and could propel prices higher in the weeks to come.

The technical indicators showed that BCH has shifted back toward bullish momentum over the past two weeks, after dropping to test the $480 support level.

Rationale

Using the Elliot Wave Theory, the move from $220 (October) to $500 (January) appears to be the third wave in a series of five waves for BCH – and that wave also saw BCH register larger gains than the other two motive waves.

The move from $750 to $480 would then be Wave A of the corrective phase – and the recovery from $480 being Wave B. If this is indeed so, then BCH is unlikely to push past $750 once again.

The OBV showed that although buying volume was present, it has not yet made up for the selling volume seen since the drop from $750. This has to change if the bulls are to drive prices toward $800.

The RSI climbed back above neutral 50 to denote bullish sentiment.

Conclusion

A surging Bitcoin often sees market participants exchange altcoins for the king of crypto. This scenario would likely see coins such as BCH stagnate while Bitcoin soars. The $660 and $750 remain key levels of resistance and a move above them will invalidate the corrective phase scenario laid out in this analysis.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-cash-price-analysis-10-april

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How Ripple’s big win in court correlates with XRP’s 113% rally

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The bulls ride again on XRP’s side, as the token breaks about $1. On the legal subject, things seem to be going well for Ripple’s corner as rumors of an SEC settlement grow louder.

Back in December, the Commission hit Ripple Labs, executive Brad Garlinghouse, and Chris Larsen with a lawsuit for the alleged illegal sales of an unregistered security. In the coming month’s XRP’s price plummeted, exchanges delisted it, some investors lose faith.

As reported by lawyer Stephen Palley, Garlinghouse and Larsen scored a victory yesterday when Magistrate Judge Sarah Netburn rule that “discovery seeking 8 years of financial records along w/ subpoenas to 3d parties seeking same were too broad”.

Palley classified the decision as a “nice early win” by the defendants but is still skeptical about it being an indication for a resolution on the case. Palley added the following:

Winning a motion for a protective order on discovery doesn’t usually portend victory on the merits of the case itself. It depends. And the Court left open the possibility some of this could revisit later, if there are reasons to check veracity.

On the other hand, Galaxy Digital CEO Mike Novogratz said Ripple’s “equity is trading” at up to $3 billion in valuations on a secondary market. Novogratz speculated on the possibility XRP is rallying due to rumors of a possible settlement in the lawsuit.

Last February, the parties ruled out a settlement in a joint letter. However, the negotiations took place under the Commission’s previous directive. Gary Gensler is expected to be confirmed by the Senate and his more pro-crypto stance to have a positive influence on the legal process. Novogratz said:

Ripple equity is ‘trading’ in secondary market at $2-3bn valuation.  The $XRP on their balance sheet is worth approx $70bn. One price seems wrong. If XRP price is saying settlement coming, the equity is crazy cheap.   If not, the token seems expensive.   Thoughts?

Commenting on Novogratz’s statements Palley said there is no “public” indication a resolution is coming soon. The lawyer classified this subject as “inside” information and claimed a settlement will come after summary judgment practice. Palley added:

I don’t know how one can correlate price itself to settlement unless someone has inside information about potential SEC settlement/resolution and ability for exchanges to re-list for trading. Ripple has done better than I expected so far in preliminary motion practice and discovery fights, but there’s a long way from that to case resolution.

XRP in moon mode

Those who hold on to their tokens have been rewarded. XRP is trading at $1,32 with 29% profits in the past 24 hours and the biggest weekly rally in the crypto top ten with 113%.

Ripple XRP XRPUSDT
XRP on a bullish run in the 24-hour chart. Source: XRPUSDT Tradingview

Trader Kaleo said XRP is yet to reach its top and seems bullish on current price action. Comparing it to the 2017 bull-fun, the trader said XRP’s price quickly reach $2.45 when it broke the $1 mark. In the current rally, there is “way more capital” and fuel for the price to extend the bullish momentum.

In the last 24 hours, investors in South Korea are increasing XRP buying pressure as shown by the high trading volume in Upbit and Bithumb, two major exchanges in that country.

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Source: https://www.newsbtc.com/news/how-ripples-big-win-in-court-correlates-with-xrps-113-rally/

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Chainlink, Aave, Decred Price Analysis: 10 April

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Chainlink moved within an ascending channel but a breakdown did not seem likely at least in the short term. Aave remained below its 200-SMA, while Decred was expected to break south from its ascending channel after touching $200.

Chainlink [LINK]

Source: LINK/USD, TradingView

Chainlink’s current price was at a crossroads on the 4-hour chart. On one end, a climb above $35-resistance on the back of a bullish broader market would likely boost LINK above its ATH of $36.9. The other end would see LINK move below the bottom trendline of its ascending channel.

A bearish divergence on the MACD did lead to a pullback, but the price was still within the confines of an ascending channel. If the fast-moving line does cross above the signal line, a breakdown can be avoided over the coming sessions. The RSI pointed north from 54 but was expected to fall towards the oversold zone after forming another peak in the upper territory. A breakdown would highlight $28.6-support, but the same could go as low as $24.4.

Aave [AAVE]

Source: AAVE/USD, TradingView

While Aave has attempted a recovery after the late February pullback, gains have been largely capped by a strong resistance line of $422.7. Another stubborn form of resistance came from the 200-SMA, a line that has subdued Aave’s attempt at a bullish comeback. At the time of writing, the candlesticks were below the 200-SMA and the bulls faced an uphill task to take control of the market.

The OBV moved flat over the last few sessions. On a whole, selling volume has outmatched buying volume since mid-February. The ADX pointed south from 26 as the price approached its long-term moving average. Even if the price does move north, failure to flip $422.7 to a line of support could lead to a breakdown once again. Support at $300 could cushion any losses seen during the mid-long term.

Decred [DCR]

Source: DCR/USD, TradingView

On the 4-hour timeframe, Decred moved within an ascending channel after a pickup from $175.7-support. Since the last two weeks, this has become a recurring theme for DCR. Ascending channels have led to a minor pullback but the bulls have swiftly negotiated them and maintained an upwards trajectory. Going by the same logic, a minor pullback was expected if the channel peaks at a psychological level of $200.

The $195 region could offer some support but a fall towards $175.7 was also likely in case of a sharper sell-off. For now, the RSI was in the process of forming its third peak in the overbought region and a reversal can be expected soon after. Meanwhile, bullish momentum was gathering according to the Awesome Oscillator.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/chainlink-aave-decred-price-analysis-10-april

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