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Polygon (MATIC) or Cardano (ADA) ? Which Altcoin Can Rally Hard In Coming Days?
The post Polygon (MATIC) or Cardano (ADA) ? Which Altcoin Can Rally Hard In Coming Days? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
While the coin market remains in a very volatile state, there have been some significant changes in the price of coins like Polygon (MATIC) and Cardano (ADA). According to Coin Bureau, on January 17, 2022, the two projects are set for a wild week, as they are expected to undergo significant upgrades and development. Will …
ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally
ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt. The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD
The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.
GCBC is Giving Rare NFT Holders a Seat at the Owner’s Table
TORONTO, ON, Jan 18, 2022 - (ACN Newswire) - Great Canadian Beaver Club [GCBC], an original and private club with a collection of over 10,420 NFTs, has announced its decision to offer holders of these rare NFT memberships a seat at the owner's table. Tagged the first community structured NFT platform, GCBC is allowing these holders to sit and speak for the community.
The first Canadian club with no borders, GCBC has a clear roadmap first of which includes the launch of its decentralized finance [DeFi] app which will be a free-to-use platform for all GCBC holders. In addition to this, this private club seeks to incentivize token holders by offering them an opportunity to stake GCBC NFT memberships to earn $PELT tokens. A 30-day pre-stake or burn period has been integrated into the contract. Members must stake for 30 days before rewards are issued. $PELT Tokens that would be rewarded if staked will be sent to a burn address if not staked, creating a deflationary supply of $PELT.
$PELT tokens, furthermore, will have in-app usage—allowing owners to execute transactions and undertake tasks on the network.
An impressive feature of this exclusive Canadian club is its firm resolve to foster proper compensation of token holders and community members alike. As part of its plans to deliver this, a community bank has been initiated. To fund this bank, GCBC has partnered with one of the leading Bitcoin ATM providers, and according to the details of the agreement, 100% of the revenue generated will be sent to the bank. That's not all, 50% of aftermarket sales, starting from day 1, will be sent to the bank as well as 20% of the total supply of $PELT.
Yet another impressive feature of GCBC is the Most Valuable Beaver [MVB] facet. Aimed at rewarding beavers for their extensive work towards the growth of the club, this feature will aid in the promotion of a role-based colony where constant support is appreciated and rewarded.
GCBC Lodges - Giving NFT Holders a Seat at the Owner's Table
Giving holders private access and input in the overall decision-making process, GCBC has instituted an array of lodges. First of these lodges is the Political Lodge which will give these NFT holders exclusive access to govern the colony based on a set of evolving guidelines.
The Beavers Den, on the other hand, will give GCBC NFT owners access to make input on blockchain investments to diversify their portfolios. The Celebrity, Technology, and Party Lodges will give holders of these rare NFTs access to make input on advertising campaigns, technological developments for the colony, and planning of exclusive annual parties, respectively.
About GCBC
The Great Canadian Beaver Club otherwise referred to as GCBC is an exclusive club with a collection of 10,420 rare and unique NFTs which exist on an ERC-721 contract on the premier DApp network, Ethereum. Comprising 250+ hand-drawn traits from talented artist Dino Tomic, each of these NFTs is one of a kind. Aimed at giving these membership holders access to a plethora of lodges and incentives, GCBC is offering these owners seats at the decision-making table.
Social Contact
Twitter: https://twitter.com/GCBClub
Instagram: https://www.instagram.com/gcbclub/
Discord: https://discord.gg/bwStYB42zT
Media Contact
Mark, CEO, Great Canadian Beaver Club [GCBC]
Email: [email protected]
Website: https://gcbnft.io
SOURCE: Great Canadian Beaver Club [GCBC]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
BYD Partners with Nuro to Manufacture All-Electric Autonomous Delivery Vehicle
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"BYD will leverage the manufacturing capacity of our Lancaster plant by finishing assembly of globally sourced hardware components to support Nuro and bring more jobs to the community," said Stella Li, Executive Vice President of BYD Co. Ltd. and President of BYD North America, "Together we will build this autonomous delivery vehicle, with the mutual goal of creating a safer environment on streets across the United States."
Today's announcement follows Nuro's $600 million Series D funding round which closed in Q4 2021 and was led by Tiger Global Management with participation from other investors.
Combining both partners' advanced technology, Nuro's third-generation autonomous delivery vehicle will feature greater payload and new safety technologies. With twice the cargo volume of Nuro's current R2 model, the automotive production grade vehicle will also feature modular inserts to customize storage and new temperature-controlled compartments to keep goods warm or cool. Safety enhancements include an external airbag to further improve safety for pedestrians outside the vehicle, as well as a multi-modal sensing suite, including cameras, radars, lidar, and thermal cameras, creating a redundant 360-degree view of the world.
Nuro was founded in 2016 by Jiajun Zhu and Dave Ferguson, former principal engineers of Google's self-driving car team. Specializing in developing zero-occupant vehicles designed specifically for transporting goods and not passengers, Nuro has launched two generations of autonomous vehicles, introduced delivery service with industry leaders including Domino's, Kroger, and 7-Eleven, and announced a multi-year partnership with FedEx.
"BYD is one of the largest OEM networks of electric vehicles in the world, and we are thrilled to partner with them to help us move one step closer to scaled commercial operations," said Jiajun Zhu, Nuro co-founder and CEO. "We look forward to transforming the hardware components of BYD's globally sourced electric vehicle platform into innovative autonomous vehicles capable of operating on public roads at our new facility here in America. Through our partnership with BYD, we plan to produce autonomous vehicles at scale that can improve road safety, air quality, and overall access to goods."
As a leader in the NEV industry, BYD has innovated rich technologies in the field of electrification. In this project, BYD is jointly working with Nuro on vehicle development, and is responsible for vehicle manufacturing and initial vehicle testing, and provides hardware like the Blade Battery, electric motors, electronic controls, and displays for human-machine interaction. Nuro integrates technologies such as autonomous driving, control modules and sensors. BYD will finish assembly of the hardware platform at its Lancaster plant in the United States using globally sourced components. Nuro will then complete the vehicle manufacturing process by installing and testing the autonomy systems that will make the platform capable of operation at the company's new facilities in southern Nevada.
About BYD
BYD (Build Your Dreams) is a multinational high-tech company devoted to leveraging technological innovations for a better life. BYD now has four industries including Auto, Electronics, New Energy, and Rail Transit. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Solution, comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation, has made it an industry leader in the energy and transportation sectors. BYD is a Warren Buffet-backed company and is listed both on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.
Contact:
Asia-Pacific: Mia Gu, [email protected], tel: +86-755-8988-8888-69666
Europe: Penny Peng, [email protected], tel: +31-102070888
North America: Frank Girardot, [email protected], tel: +1 213 245 6503
Latin America: Sofia Mardones, [email protected], tel: +56 9 9821 6851
Brazil: Adalberto Maluf, [email protected], tel: +19 3514 2554
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comBYD Co., Ltd. announced its partnership with leading autonomous vehicle company Nuro to begin producing the company's third-generation electric autonomous delivery vehicle. The partnership is expected to scale Nuro's more affordable, eco-friendly, and convenient services to millions of people across the country.
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