January 20, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Total NFT sales volume on Solana recently crossed $1 billion.[...]

The post SCRT’s ‘Secret’ Maybe Wasn’t So Secret? appeared first on Unchained Podcast.

Privacy-focused Secret Network (SCRT) has been one of the few outliers during a multi-month market-wide correction, currently up 111% in the last 30 days. Secret Network is a delegated proof-of-stake blockchain that supports an ecosystem of secrecy-preserving decentralized applications (dapps). Part of the ecosystem includes a decentralized finance (DeFi) protocol called Secret Swap which features […]

The post Secret Network Doubles in a Month, Sees $400 Million In Funding appeared first on Coin Bureau.

On January 19, The Secret Network (SCRT), a decentralized blockchain protocol, announced $400 million in ecosystem funding as part of growth initiative, Shockwave, which is aimed at establishing Se...

With the largest cryptocurrency Bitcoin still in a downward correction, some of the selected altcoins are struggling. Of the best performing altcoins, Secret and Oasis Network are in a bull market.

The cryptocurrency market has taken another small dive after a day or two of recovery. At $2.1 trillion, its total cap has fallen by around [...]

SCRT coin price breaks above $9 and is soon to complete a rounding bottom breakout. Can we see the bulls create a new high above $10? Secret Network is based on original privacy research and papers from MIT in 2015, including “Decentralizing Privacy.” It is an open-source and permissionless blockchain. It is one of the most influential papers in the blockchain space with 2,000 academic citations.  Nodes on the Secret Network perform general computations on encrypted data that help smart contracts use private and sensitive data as inputs. The primary focus of the network is computer privacy, not just the transactional privacy that is apparent from its name. Let us move ahead to read about Secret technical analysis. Past Performance of SCRT The SCRT coin price action jumps more than 70% resulting in the breakout of $9 in the past week. The breakout of the $9 horizontal level was expected in our previous Secret network technical analysis. Combining the bullish growth and the 50% jump in the intraday trading volume suggests a rise in buying pressure. Therefore, the bulls are strengthening their grip on trend control. SCRT/USD Daily Chart SCRT Technical Analysis The SCRT coin price hints at the completion of a rounding bottom pattern in the daily chart. The breakout of the pattern teases a bull to $16 if the buying pressure sustains. Therefore, traders can find an excellent breakout entry shortly. Crucial EMAs (50, 100, and 200) manage to sustain their bullish alignment as the price jump helps the 50-day EMA avoid crossing below the 100-day EMA. The 20-day EMA provides constant support and rises along with the bullish rally.  The RSI indicator at 73% shows a sudden slanting spike in the slope as it enters the overbought zone. Moreover, the 14-day SMA is above the 50% mark and approaches the overbought zone. The MACD indicator shows the MACD and signal lines maintain equal distance while rising higher into the positive zone. Moreover, the continuation of bullish histograms reflects the bulls regaining trend control again. Therefore, the SCRT price action and technical indicators showcase a boom in buying pressure and trend momentum. That is why the breakout of the rounding bottom pattern seems imminent.  Upcoming Trend The SCRT coin price action is close to completing an extremely bullish price pattern in the daily chart. The breakout of the rounding bottom pattern can drive the prices higher to $16. Therefore, traders can find buying at current prices or at the breakout of $10 to ride the potential rally.  The Secret Network price action suggests high supply areas after $10 at $11 and $12.35. And, in case of a reversal from the neckline at $10, the price can find support at $8 and $7. At press time, the sentiments chart gives a “BUY” signal for the SCRT coin. Technical Analysis for SCRTUSD

The post SCRT Technical Analysis: Rounding Bottom Breakout Aims to Reach $16: Can Bulls Overcome Selling Pressure at $10? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Vitalik Buterin outlined his views on a cross-chain blockchain world, dYdX announced plans for full decentralization in 2022, and Near Protocol raised $150 for Web3 tech — all coming to you in this week’s Finance Redefined.

In two days, the auction of the first Pulp Fiction NFT will take place. A historical moment for the nascent industry, one that will set precedent for years to come. When Quentin Tarantino and the Secret Network announced a partnership aimed at releasing NFTs from the classic ’90s film, the world listened. Unfortunately for them, so did Miramax. The studio still holds the right to Pulp Fiction, so they sent a cease and desist letter.  Related Reading | Upside Potential in NFTs is Massive Says Gary Vaynerchuk The caveat here is that “the unique value proposition from The Secret Network lies in the name; the NFTs will be “secret” and only accessible by the NFTs owner.” When NewsBTC covered this story, we explained:  “That fact makes the lawsuit endlessly interesting. Only the person that buys the NFT can see what’s inside, so Miramax has no clue about the kind of content they’re suing for. They just know they own the rights to the picture and the discarded material, but, besides the reports and the marketing material, they’re as in the dark as the rest of us about the actual content.” What has happened since then? A LOT. Let’s explore the new developments in the case. Bidding begins in one week! Register now on https://t.co/IafaEEqDqU. The future is now. You won't want to miss this. $SCRT $ATOM $ETH pic.twitter.com/qILjbtNZSH — Tarantino NFTs (@TarantinoNFTs) January 10, 2022 Unreleased Scenes And Material In the beginning, the implication was that the NFTs would contain unreleased material from Pulp Fiction. Miramax entered the picture and everything changed. Again, from NewsBTC’s previous report: “On the day of the announcement, The Secret Network released a statement that quotes the director himself. “I’m excited to be presenting these exclusive scenes from PULP FICTION to fans.” Tarantino says. “Secret Network and Secret NFTs provide a whole new world of connecting fans and artists and I’m thrilled to be a part of that.” Tarantino’s words suggest simpler times. We’re nowhere near that stage anymore.” The Content Of The Pulp Fiction NFTs Changed After the cease and desist letter, it transpired that Tarantino only kept the rights to Pulp Fiction’s script. Recently, IndieWire quoted a statement that Proskauer Rose, one of Miramax’s lawyers, sent them:  “There’s been no attempt to dismiss any of Miramax’s claims by Tarantino’s team, nor have they filed any counter claims or motions against Miramax, and since Miramax filed its lawsuit, the promotional website and Twitter account for the proposed sale have scaled back the unauthorized use of imagery from Miramax films (including Pulp Fiction)”  And he’s right about that. A casual visit to the @TarantinoNFTs Twitter account will reveal that the people involved in the sale fazed out all images related to Pulp Fiction and replaced them with just text or high contrast images of Quentin Tarantino himself. The content of the NFTs also changed, now The Secret Network describes them as:  “Tarantino owns the exclusive rights to publish his Pulp Fiction screenplay and the original, handwritten copy has remained a personal creative treasure he has kept private for decades. In collaboration with SCRT Labs, Tarantino has turned chapters from this historic document into a one-of-a-kind NFT publication. Each NFT in the collection consists of a single iconic scene, as well as personalized audio commentary by Tarantino himself.” Are they legal now? That’s the question. SCRT Market Cap, calculated by TradingView | Source: TradingView.com The Secret Network Proceeds The auctions will go from January 17th to the 31st. It will happen on the Secret Network and not on OpenSea, as originally announced. Did OpenSea run away from the controversy and possible litigation? We wouldn’t know. The Secret Network, on the other hand, is milking the situation to the extreme. Money can’t buy this kind of publicity. Their press release quotes Guy Zyskind, founder and CEO of SCRT Labs: “Secret Network is proud to stand with Quentin. We are committed to working with talented artists across the globe, by providing them a better way to release their works directly to fans without relying on older distribution models, which favor conglomerates over creators.” 3 days to go. Historical fact #1: Quentin Tarantino writes his screenplays by hand ✍️ For Pulp Fiction, he kept the original screenplay a secret for *28 years.* This priceless piece of history will be revealed for the first time in next week’s auction – but only to the buyer 🤫 https://t.co/wXbIUPOXUO pic.twitter.com/msgwomNs27 — Tarantino NFTs (@TarantinoNFTs) January 14, 2022 Miramax Attacks For their part, Miramax’s lawyers sent Zyskind a letter that claims: “Contrary to what you assert you are being told by Mr. Tarantino and his team,  You do not have the necessary rights to mint the Pulp Fiction NFTs described in your press releases and other promotional materials;  You do not have the necessary rights to market or promote those NFTs; and  Despite your now having assumed the role of auctioneer, you do not have the necessary rights to promote and sell those NFTs.” Not only that, they included a direct threat to possible NFT buyers: “We would hope that you also inform prospective purchasers of the risks of purchasing these unauthorized NFTs, including that purchasers may have to return the NFTs to Miramax and forfeit the price they paid for such NFTs, and that purchasers may incur additional liability in the event they later sell the unauthorized NFTs” Guy Zyskind response? He took to Twitter and replied: “Your attempt to bully and intimidate us, and our community, will not work. This lawful sale of TarantinoNFTs will continue as planned, despite your efforts to sabotage it.” Hey @Miramax. Got your letter. Your attempt to bully and intimidate us, and our community, will not work. This lawful sale @TarantinoNFTs will continue as planned, despite your efforts to sabotage it.https://t.co/1Qjkgfy8U1 pic.twitter.com/jpjbYDNmNp — Guy Zy𝕊kind (@GuyZys) January 10, 2022 The TarantinoNFTs account contributed to the conversation by saying, “We will not be stopped. We will not let bullies intimidate our community.” Related Reading | January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good Is that enough? Or are they making a big mistake? Is Miramax in the right? Or do they know that they don’t have a leg to stand on and thus turned to intimidation?  Turn on to NewsBTC next month for the next chapter of the Pulp Fiction NFTs’ exciting saga. Featured Image: Tarantino NFT Collection promotional material | Charts by TradingView

SCRT coin price action breaks above the resistance level at $7 and shows a rising uptrend with growing bullish momentum. Will this rally reach $10? Secret Network, a blockchain that provides data privacy to smart contracts as default and allows to develop and utilize applications. This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. Secret Network is an open-source and permissionless blockchain that is based on privacy and research papers that were first published at MIT in 2015. Among them was “Decentralizing Privacy,” now one of the most important papers in the blockchain field, boasting 220 academic references. Let us move ahead to read about Secret Network technical analysis. Past Performance of SCRT SCRT coin price shows a growth of more than 35% in the past week from the consolidation breakout at $5.5. The rally breaks above the horizontal level at $7 and touches the $8 mark. The intraday trading volume jumps by 50%, indicating a rise in buying pressure. SCRT/USD Daily Chart SCRT Technical Analysis The SCRT coin price action forms multiple bullish engulfing candlesticks showing a boom in underlying bullish momentum. Therefore, the price action indicates a rally above $10. The crucial EMAs (50, 100, and 200) maintain a rising trend while avoiding a bearish crossover. These EMAs can act as dynamic support levels and help maintain the uptrend during each bear attack. The RSI indicator at 67% spikes higher to touch the boundary of the overbought zone in the daily chart. Moreover, the 14-day SMA maintains an uptrend, indicating a solid underlying bullishness. The MACD indicator shows the MACD and signal lines rising higher after touching each other and creating a shadow of bullish crossover. Moreover, the recent rise in the bullish histograms gives a bullish signal for the coin. Therefore, the SCRT price rising above to $8 and the bullish signal given by the technical indicators showcase a solid uptrend in action. That is why the uptrend can shortly touch $10 and even rise higher. Upcoming Trend The increasing buying pressure and the breakout of the rounding bottom pattern strengthen the underlying bullish momentum in the SCRT coin. Therefore, the upcoming trend seems to be extremely bullish for the Secret network. The price action suggests resistance levels at $10 and $12 that can oppose the uptrend if it rises above $9. The support levels are at $5.6 and $4.5, which can support the falling prices if it fails to sustain above $7. In conclusion, the ongoing bull run brings an excellent buying opportunity at the breakout of $8 or $9. And, a bull run above $10 is most likely if the buying pressure sustains. 

The post SCRT Technical Analysis: Bullish Rally Breaks Another Resistance With Intense Buying Pressure: Will The Rally Sustain In Falling Crypto Market? appeared first on Cryptoknowmics-Crypto News and Media Platform.