Introducing BITRUST: The First Cryptocurrency Insurance Platform

A story of BITRUST started with a problem which gathered a team of blockchain enthusiasts to solve it — to have an affordable tool for hedging cryptocurrency trading transactions. And it is true, with the altcoins market volatility we have faced these few months it is obvious that everything is ready for such product to come about. In this blog we will tell in more detail about what BITRUST offers and why it is needed.  

The idea

Altcoins are highly volatile — the total market cap hyped by 10,000% starting in 2013 and right up until its downturn this January. Moreover, how extremely complex it is to forecast these market fluctuations! And this is exactly why market was calling out for something like BITRUST — to solve the real issue of altcoin volatility for small and medium investors and cryptocurrency enthusiasts.

“On one hand the market volatility is skyrocking, and on the other — the interest in cryptocurrencies and the value behind blockchain technology is really growing. More and more people talk about it every day. It means that already this year a lot of people will want to join the movement, learn more about the crypto world and also participate in its development. We are looking at the few year-long market adjustment and growth period ahead of us and we believe that BITRUST is the type of project which will heavily contribute into such adjustment,” says company’s CEO Alex Duhamel.

Alex adds: “With BITRUST you don’t have to accept all the risk when trading altcoins. You can easily mitigate it, moreover — in a convenient fashion and at an affordable price. Imagine you could have such possibility to do this now?!”

BITRUST product

BITRUST is a peer-to-peer Ethereum-based, decentralized cryptocurrency insurance platform. Each smart contract can involve two or more parties and it works like this:

 For example, I’d like to ensure against ETH (with a value of $100) dropping in price by 30% against BTC for a period of 96 hours. I am willing to pay in digital currencies an equivalent of $5 as an insurance and claim an equivalent of $15 in case the price drops to $70 or below. My counterpart then has to agree to these proposed terms or make a counteroffer proposing slightly amended terms.

Then we lock our agreed sums in a BITRUST smart contract. I lock an equivalent of $5 (insurance cost) and my counterpart locks an equivalent of $15 (insurance body). The total BITRUST smart contract then will be equivalent to $20.

In 96 hours, if the ETH token drops by 30% against BTC, the BITRUST smart contract executes a pre-agreed deal and sends the equivalent of $20 to me: $5 of insurance fee plus $15 of the actual insurance body. In the opposite case the equivalent of $20 is sent to the other side.

The buyer and the seller of insurance both lock their funds in BITRUST tokens (BTFs) or a certain set of other cryptocurrencies that will be permitted by BITRUST platform. However, there is a great motivation to use BTFs in particular.

BITRUST business model

The company intends to provide real value for holders of BTFs on the secondary market and reward early investors. That is why they will charge a fee of only 0.1% against a total amount locked in a BTF smart contract (in case of our example above it would have been 2 cents) only when the entire deal is conducted in BTFs. This is a discount of 80% of the regular fee — isn’t it a strong incentive to use BTF tokens?!

Read more about the BTF value, token allocation and projected financials in BITRUST white paper.

BITRUST philosophy

BITRUST philosophy is simple — to be fast and flexible, open to feedback and making sure the company has the extraordinary team of professionals to design a product offering a flawless user experience.

Company’s Head of Operations Arthur Lots puts it in his own words: “For us, these words really mean a lot. It’s not just about being flexible — it’s “be flexible or die”. It’s not just about being open — it’s knowing that feedback is priceless. When you build your company from the ground up and you really invest into each and every inch of its growth, you don’t compromise. You just can’t.”  

BITRUST team

bitrust

At its disposal BITRUST has it all — professionals in cryptocurrency, insurance operations and compliance, blockchain and peer-to-peer technologies, artificial intelligence, internet marketing and economics, politics and public relations. The management team has already achieved several milestones such as having all infrastructure in place to develop the BITRUST platform, including headquarters, IT support and hiring a top team of software developers.

“I really would like to talk more about our people here. This is the team which has proven itself in developing other projects. As the leadership core of BITRUST is comprised from serial entrepreneurs from different sectors like finance and banking, trading and strategic business consulting, we were able to gather a team from the experts we have known and worked with before. They might not be the people who have immediate recognition on the internet, however they have more than that — ability to work with t he utmost focus and commitment on the product, which will change cryptocurrency trading as we know it,” Sergey Silin, the company’s CTO gives a vote of confidence to his team (we have introduced some key developers previously, you can also find information about the whole team here).

BITRUST community

BITRUST is a vocal advocate of building a community around each blockchain product. They’d love to get your opinion and communicate with everyone willing to start a discussion. So, do not hesitate to join BITRUST Telegram channel and ask more questions if you have any.

To finance the development and launch of the BITRUST platform, a limited-supply sale of BITRUST tokens (BTFs) will be created by BTF Project Limited. The sale will start on 5th of March — see more information about the BITRUST ICO structure and the company here.

 Make sure to follow us on Facebook and Medium to be the first to find out about BITRUST development news and everything else that’s important in crypto world!

 

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Ethereum Traditional Value Specialized Analysis – Etc/USD Retested Crucial Assist

Ethereum website

Ethereum Classic Price Technical Analysis ETC USD

Crucial Highlights

  • Ethereum vintage value declined sharply recently and examined an important aid in close proximity to $26.ten against the US greenback.
  • There are two important bearish development traces forming with resistance in close proximity to $28.fifty and $29.fifty on the hourly chart of the Etc/USD pair (Information feed through Kraken).
  • The pair may possibly correct larger in the in close proximity to phrase, but it will not be easy to split $29.fifty.

Ethereum vintage value declined significantly against the US Dollar and Bitcoin. Etc/USD is at the moment testing an important aid higher than $26.00 and it may possibly correct larger.

Ethereum Traditional Value Assist

There was a new draw back wave initiated from the $34.fifty swing significant in Etc value against the US greenback. The value traded reduced and settled beneath a number of essential aid concentrations this kind of as $32.00 and $thirty.00. There was also a split beneath the $28.00 aid and a near beneath the 100 hourly straightforward moving typical. Etc traded as reduced as $26.ten, which signifies a major aid region for prospective buyers.

At the minute, the value is correcting larger from $26.ten. An original resistance is about the 23.6% Fib retracement level of the past fall from the $31.32 significant to $26.ten reduced. Even so, the most important hurdles is about $28.fifty. There are two important bearish development traces forming with resistance in close proximity to $28.fifty and $29.fifty on the hourly chart of the Etc/USD pair. Moreover, the fifty% Fib retracement level of the past fall from the $31.32 significant to $26.ten reduced is also in close proximity to $28.forty. Thus, it would seem like the $28.fifty and $29.fifty concentrations are important barriers for prospective buyers in the in close proximity to phrase.

Ethereum Classic Price Technical Analysis ETC USD

On the draw back, the $26.ten-00 region is a major aid. A split and near beneath the stated $26.00 aid could thrust the value in direction of the $25.00 manage.

Hourly MACD – The MACD for Etc/USD is attempting to move back again in the bullish zone.

Hourly RSI – The RSI for Etc/USD is moving larger from the 35 level.

Key Assist Stage – $26.00

Key Resistance Stage – $29.fifty

 

Charts courtesy – Investing Perspective

Aayush Jindal

Aayush is a Senior Currency trading, Cryptocurrencies and Financial Sector Strategist with a history in IT and economic markets. He specialises in sector methods and complex assessment, and has used around a 10 years as a economic markets contributor and observer. He possesses strong complex analytical expertise and is effectively known for his entertaining and educational assessment of the forex, commodities, Bitcoin and Ethereum markets.

Ethereum News

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Bitcoin Cash and Litecoin Tie on Transaction Levels

When a cryptocurrency catches up with a rival it terms of transactions it could be a sign of greater adoption, or maybe not. Litecoin and Bitcoin Cash have been duking it out over the past few months coming ever closer until the inevitable happened. Yesterday BCH caught up with LTC with number of daily blockchain transactions.

According to Bitinfocharts Litecoin has been on a slow downtrend since the beginning of the year with fewer transactions per day. Its last spike was 225k transactions on January 4 when price was also heading over $300. Bitcoin Cash only surpassed LTC once in the past three months on January 14 when it reached 110k transactions.

Litecoin has been above Bitcoin Cash since mid-January by almost double though the two have been slowly coming together. Yesterday BCH transactions reached around 38.5k whereas Litecoin recorded 37.5k. There have been a number of smaller spikes in the transaction numbers for both altcoins so it has yet to be determined whether this is a long term change in trends or just another spike.

Litecoin did not get the boost it expected from the launch of LitePay which was supposed to bring the altcoin to the masses with easy credit card payments. This never happened and only the merchant component of the service was rolled out. As a result LTC has failed to maintain its first upward spurt since early December and has started to slide back towards $200.

Bitcoin Cash has also been on a downward slide since mid-December and it has lost almost 70% of its value since its all-time high of just over $4,000. Its transaction chart looks far more linear than Litecoin’s which rises and falls with natural usage of the asset. Litecoin forefather Charlie Lee has already made a number of comments about a ‘flappening’ in which the LTC market capacity surpasses BCH.

At the moment this doesn’t look likely as they have both maintained a steady gap for a couple of weeks now. Bitcoin Cash remains the fourth most popular cryptocurrency with $21 billion while Litecoin, only one place behind it, has almost half at $11 billion. It will need an almighty announcement or partnership to boost levels enough to overtake BCH in the short term.

Over a longer period it seems more likely if BCH loses its appeal due to more Segwit and Lightning Network adoption for its big brother BTC. The race goes on in the cryptodrome.

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Cardano [ADA]: Coin Review – The Only Leading in the Green Zone

ADA Invest

It has not been that long since Cardano entered the top ten list of cryptocurrencies by market capitalization [$7.75 bil]. However, the project itself is studying ways to overcome current blockchain-based difficulties for more than 4 years now.

ADA Trading

Source: coinmarketcap

The platform is a security-oriented ground base for developing distributed applications and smart contract, which is very-like the very famous second in lead – Ethereum. However, what makes it different from various other cryptocurrencies that have similarities in purpose, it is that the technology is the first project born of a scientific philosophy based on academic research.

Cardano is chasing strongly to find a balance between privacy, decentralization and regulation to give a more welcoming feeling to all parties that approach it – which makes governments and individual citizens see and have benefits from it.

In addition, Haskell is used as a programming language which many put down as one of the safest developing languages concluding with less errors. The platform uses layers to make the system more flexible and scalable than other cryptocurrencies. It also makes it easier and safer to update and update the system.

The team that is backing up the idea and working on it is divided into three major firms with all of them having specific responsibilities:

  • IOHK – Contracted to implement and develop the platform.
  • Emurgo – strategic-oriented side of Cardano’s project, as it circles around building partnerships and the implementation of the trech.
  • Foundation – Cardano Foundation, based in Switzerland which monitors the advancement thaat Cardano is experiencing.

Charles Hoskinson – CEO and founder of Cardano [going by the token ADA], during an interview for IB Times, a leading news source from UK, dusted out and revealed long term plans that could lead to grasping true scalability and interledger peer-to-peer transactions in the platforms infrastructure:

“We are probably not going to lose a lot of Byzantine resistance. These epochs that we have come up with, there’s no reason they can’t be run in parallel…”

The post Cardano [ADA]: Coin Review – The Only Leading in the Green Zone appeared first on Ethereum World News.

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Bitcoin Price Analysis: BTC/USD Trying to Sustain Its Breakout

Bitcoin Key Points to Look At

  • Bitcoin price has bounced off a long-term rising trend line support, signaling it could be ready to resume the climb.
  • Price has also formed an inverse head and shoulders reversal pattern and is breaking above the neckline.
  • There are some signs of hesitation, though, as technical indicators are hinting at a potential turn.

The 100 SMA is safely above the longer-term 200 SMA on the daily time frame to indicate that the path of least resistance is to the upside. This means that the uptrend is more likely to continue than to reverse. However, price is trading below the 100 SMA dynamic inflection point so this might still hold as near-term resistance.

This also lines up with the $12,000 major psychological level, which has been a former support level. If it holds as resistance from here, bitcoin could resume the drop to nearby support areas at $10,000 then $8,000. Stronger selling pressure could even lead to a break below the trend line and a sharper selloff.

Stochastic is already indicating overbought conditions and looks ready to turn lower, so it might drag bitcoin back down when bearish momentum returns. RSI is on the move up, though, so the rally could still be sustained.

Other Factors To Note

Risk sentiment has been particularly shifty in the past few weeks, and so has bitcoin dynamics. From previous trading on risk appetite, bitcoin appears to be taking advantage of risk-off flows as a safe-haven once more.

This was particularly evident when trade war fears picked up on Trump’s announcement about imposing higher tariffs on imported steel and aluminum. Although the dollar gained ground against higher-yielding currencies and assets then, bitcoin was also able to advance.

This isn’t new, though, as bitcoin price has previously been able to benefit from geopolitical risk. One other source of this these days are resurfacing Brexit issues on the EU draft agreement, which is also hurting European markets.

The post Bitcoin Price Analysis: BTC/USD Trying to Sustain Its Breakout appeared first on Ethereum World News.

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Litecoin Price Analysis: LTC/USD is Struggling to Bounce Back

Litecoin Price Analysis

Litecoin price is holding the $204 support level against the US Dollar. LTC/USD needs to move above the $210-212 resistance to challenge sellers near $218.

Key Talking Points

·         Litecoin price succeeded in holding the $204-205 support zone (Data feed of Kraken) against the US Dollar.

·         There is a short-term bearish trend line forming with resistance at $210 on the hourly chart of the LTC/USD pair.

·         A break above the $210 resistance could push the pair towards the $218 and $220 resistance levels.

Litecoin Price Forecast

There was a minor downside reaction below $210 recently in litecoin price against the US dollar. The LTC/USD pair was not able to stay above the $208 support and declined towards the $204 support.

The recent low formed was $205.96 and the pair is currently correcting higher. It has moved above the 23.6% Fib retracement level of the last drop from the $216.41 high to $205.96 low.

Litecoin Price Analysis

However, there is a major resistance near $210, which is preventing further recoveries. There is also a short-term bearish trend line forming with resistance at $210 on the hourly chart of the LTC/USD pair.

The trend line resistance is close to the 38.2% Fib retracement level of the last drop from the $216.41 high to $205.96 low. Lastly, the 100 hourly simple moving average is positioned near $210.

Therefore, the $210 area could act as a major resistance for the next move in LTC. Once there is a proper break and close above the mentioned $210 resistance, the price may continue to rise towards the next hurdle at $218 and $220.

On the flip side, if the price fails to move above the $210 resistance, it may retest the recent swing low of $205.96. In the mentioned case, the price could even test a crucial support at $204.

The overall bias is slightly bearish as long as the price is below $210. It seems like litecoin is consolidating above the $200 level and is preparing for the next move.

Trade safe traders and do not overtrade!

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Ethereum Selling price Specialized Investigation – ETH/USD Could Drop Even further

Ethereum site

Ethereum Price Technical Analysis ETC USD

Vital Highlights

  • ETH price tag fashioned a quick-time period best in close proximity to $857 and moved down versus the US Dollar.
  • There is a important connecting bearish trend line forming with resistance at $855 on the hourly chart of ETH/USD (knowledge feed via SimpleFX).
  • The pair is at this time trading all-around the $828-830 aid place and it at risk of a lot more declines.

Ethereum price tag started out a new draw back wave versus the US Dollar and Bitcoin. ETH/USD might break the $828-830 aid and decline further more in the in close proximity to time period.

Ethereum Selling price Resistance

Yesterday, there was a first rate upside transfer over $850 in ETH price tag versus the US Dollar. On the other hand, the price tag failed to acquire momentum and fashioned a quick-best best all-around at $857. Later, a new draw back wave was initiated and the price tag moved down below the $850 aid amount. In addition, there was a break down below the $845 amount and a shut down below the one hundred hourly very simple shifting average.

The very last decline was constructive and a new intraday reduced was fashioned at $828.forty six. At the minute, the price tag is correcting increased from $828. It has analyzed the 23.6% Fib retracement amount of the very last decline from the $857 significant to $828 reduced. On the other hand, it appears like the price tag might not acquire important traction towards the $850 amount. A important resistance is all-around the 50% Fib retracement amount of the very last decline from the $857 significant to $828 reduced at $843. In addition, there is a important connecting bearish trend line forming with resistance at $855 on the hourly chart of ETH/USD.

Ethereum Price Technical Analysis ETC USD

Hence, it appears like the pair might experience sellers on the upside in close proximity to the $840 and $850 concentrations if there is a correction. On the draw back, the $826-828 concentrations are first rate supports. A break down below $826 could press the price tag towards the $800 amount.

Hourly MACD – The MACD is attaining momentum in the bearish zone.

Hourly RSI – The RSI is now properly down below the 50 amount.

Key Guidance Level – $826

Key Resistance Level – $850

 

Charts courtesy – SimpleFX

Aayush Jindal

Aayush is a Senior Foreign exchange, Cryptocurrencies and Fiscal Marketplace Strategist with a background in IT and economical marketplaces. He specialises in market methods and technical investigation, and has used around a Decade as a economical marketplaces contributor and observer. He possesses sturdy technical analytical abilities and is properly acknowledged for his entertaining and instructive investigation of the currency, commodities, Bitcoin and Ethereum marketplaces.

Ethereum News

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How Blockchain can Solve Problems for Online Gambling Sites?

What are Blockchain Casinos and How Do They Work?

Blockchain casinos are becoming increasingly popular on the internet and, if you’ve just discovered the term, here’s a quick crash course in what blockchains are and how blockchain casinos work. The first thing that you need to understand, is what blockchains actually are. Essentially, a blockchain is a digital ledger that is used to record online transactions that use cryptocurrencies. The transactions are recorded sequentially and are available publicly.

Taking this principle and process a step further, we can apply them to online casino gambling. This gives you the emergence of so-called blockchain casinos, which essentially applies blockchain technology to online gambling. The result of this is that it gives online gambling an entirely new level of transparency as well as credibility.

Potential Problems that Blockchain Technology Can Solve for Online Casinos

To recap, blockchain technology is built out of neutral entities known as blocks. Each block is interconnected in a network which is known as a blockchain. The way in which blockchains are set up, any record (transaction) that passes through the chain, needs to have the correct value in each block. This results in a much higher level of fairness (neutrality) and accuracy, as well as transparency.

One of the biggest problems associated with conventional online casinos, is the fact that not all of them are on the level. In other words, there are many online casinos where data, such as winnings, gaming results, payouts, and so on, are deliberately hidden or partially obscured from public scrutiny. However, blockchain casinos are a completely new breed of online casino and are completely decentralized, with no need for an intermediary to verify transactions. This provides the ultimate fair and transparent system for the online casino industry.

Many gamblers do not realize the fact that playing at a casino is a major mathematical disadvantage and they literally have no chance of winning against the casino in the long run. The term “house edge” describes the fixed percentage of money that casino takes from its players, on average. So as long as there is a house edge and players keep playing, they will never go out as winners in the long run. The house edge is in every form of commercial gambling and means that the more you play over time, the more you will lose. You may get lucky in the short term, but the variance will soon do its job to return what “belongs” to the house.

How Zeroedge Online Casino Gaming Works

Zeroedge is a new cryptocurrency-based online casino with a difference. The unique platform utilises its very own cryptocurrency known as ZeroCoin, the only way to play the best casino games available at Zeroedge Casino. The most unique (and one of its biggest selling points) is that Zeroedge Casino is offers all players a true 0% house edge gaming experience.

This essentially means that all casino games such as roulette, blackjack, and slots, available at Zeroedge Casino will have no advantage to the house, unlike conventional online casinos. With most conventional online casinos, players often face up to 10% house edge in many casino games. The reason for this is that this is the only way that a conventional online casino can turn a profit, by stacking the odds in their favour.

Zeroedge does away with the dreaded house edge because they do not take their profit from the losses of their players. Instead, Zeroedge is focusing on generating a profit from rising value of ZeroCoin which increases due to demand for 0% edge games.  Simply put, the ultimate solution to the problem is creating a platform where playing games is “free”. Players are not required to pay any fixed amount to be able to play at the casino. This can only be achieved by creating a closed loop-economy with its native token. Making the supply of token limited, its value is directly proportional to demand. This model allows to offer 0% house edge games and be a viable business model.

Pre-ICO is open – 79% discount & low hard cap!

The Pre-ICO is set to start on the 28th of February 2018, closing out on the 15th of March 2018. Pre-ICO bonus are 79% discount with a low hard cap – 1500 eth.
https://tokensale.zeroedge.bet

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How and Where To Buy Cryptocurrency? Overview

An overview of different ways to buy cryptocurrency these days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Despite the recent news about banks closing their doors on credit card purchases of crypto; one after the other, there are still available options you can use to buy crypto. Let’s see what they are.

The easiest way is to buy cryptocurrency with a debit card on a centralized exchange.

It really is as easy as buying clothes on Amazon. Coinbase, for example, is a popular interface to buy crypto with fiat (fiat = paper currency like dollars or euro).

On Coinbase, users need to create an account and verify identity. After that, they can buy with their debit card.

Rules for verifying identity differ for each exchange/country; generally, users need to at least provide an ID/Passport and enable 2-factor authentication.

Coinbase also has a sister company named GDAX – this type of platform gives users a better idea of how crypto exchanges really work. It features an intuitive interface with many charting tools, trade history, and real-time order books. These are all tools that traders use to make sure that they are getting the most out of their trade. This exchange follows US regulations, bringing it to compliance in USA, Canada, Europe, the UK, Australia, and Singapore.

Image: Buybitcoinworldwide

Image: Buybitcoinworldwide

Bitfinex is another very popular exchange that has been around as early as 2012. Its website boasts being the “most advanced cryptocurrency trading platform” in the world, with many advanced charting tools to equip while trading. The website even has an app that is available for both Android and the iPhone. The core of the exchange is made up of three features: Exchange trading, Margin trading, and Margin funding. The P2P financing market integrated into Bitfinex matches borrowers with lenders to bring the advanced tools of margin trading. A beginner’s guide is offered in their support section so that even a first timer can buy on the site.

The Bitfinex exchange app on iPhone

The Bitfinex exchange app on iPhone

While there are many more places to buy cryptocurrency with fiat, Robinhood is unique in its zero-fee approach and their goals to be an even easier platform to buy cryptocurrency. This exchange/trading app hybrid lets users buy Bitcoin and Ethereum right from their phone with no trading fee. Compare this to Coinbase’s 1.49%-3.99% fees added to every purchase.

Just after the announcement of launching a crypto trading platform, the millennial stock trading app received over 1 million users on their waitlist to try in just five days.

While this app platform is not fully released yet, Robinhood has allowed some users from a few states to begin trading on the app.

Not all cryptocurrencies can be bought with fiat

As of now, it’s mostly Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple that have fiat/crypto pairs. To obtain the ~1,546 cryptocurrencies, commonly referred to as “altcoins”, that are listed right now on Coinmarketcap, users need to trade BTC or ETH. Every altcoin has a BTC/crypto pair, and most have ETH pairs as well.

Coinbase offers Bitcoin, Ethereum, Litecoin, and Bitcoin Cash that users can buy with fiat debit cards. To get involved with other altcoins, users will need to send their BTC, ETH, LTC or BCH over to an exchange that has all of these pairs. The two most popular fluctuate between Binance and OKex, both of which are well trusted global exchange networks.

How to buy with Cash – P2P

Buying Bitcoin with cash can be as simple as giving money to your friend in exchange for BTC. For those who don’t know anyone with BTC (or anyone that wants to sell), there are decentralized, p2p sites to meet with people. LocalBitcoins works worldwide as an advertising community board for users to agree on a price beforehand, and then meet in person to trade. It might take a lot of time to process the exchange process, and it might not seem trustworthy enough, as it involves strangers, but it is still popular and has great reviews from users. It is technically a decentralized platform because it involves p2p trading. No middlemen are used to mediate the deal – which means no fees are paid at all.

How to Simply buy Bitcoin (no exchanges involved)

Bitcoin ATM – Bitcoin ATMs are becoming very popular- March tolls about 2,393 Bitcoin ATM machines worldwide, with a steady trend upwards. With these machines, the user shows up to a physical location and either a) buys Bitcoin using fiat currency and has it sent to a Bitcoin wallet or b) sells Bitcoin from the atm to withdraw fiat money. These devices are extremely convenient and allow traders to not have to deal at all with the “trading” part of crypto.

Image: Finance Magnates

Image: Finance Magnates

Buy.Cointelegraph – Cointelegraph has recently partnered up with Simplex to offer a convenient way to buy Bitcoin, Bitcoin Cash, and/or Ethereum. Simplex accepts most credit cards (including Visa and Mastercard) and also accepts some debit and prepaid cards.

buy.cointelegraph.com

buy.cointelegraph.com

Coming Soon: Decentralized Exchanges

While not very popular yet, mostly because the technology is still being worked on, decentralized exchanges (DEXs) are set to become more popular in 2018. DEXs use a trustless AI system to connect traders online. In a centralized exchange, the money goes from the user’s wallet to an escrow, and then to the other user in the trade. Funds stored on centralized exchanges are stored in wallets owned by the company, making funds more susceptible to hacks. In a DEX, user funds are stored in hardware wallets on each user’s computer, and value is never lost; when a trade commences, and instant swap, i.e., atomic swap, occurs so that the money never passes through a middleman. A smart contract is used to keep trust between the two users trading the money.

Altcoin.io is working hard to make the first ever decentralized exchanges for traders, by traders. While many DEXs have bulky, complicated interfaces; Altcoin.io is working to make both a simple interface to quickly exchange crypto, as well as an in-depth, customizable exchange. The team was made famous back in October for successfully completing the first ever BTC-ETH atomic swap – a complicated feat because these two coins run completely different blockchains.

Altcoin.io Preview Interface

Altcoin.io Preview Interface

Bitshares already has a working platform, which works best as a client downloaded straight to the computer. Decentralized exchanges that are already working tend to be for the crypto-savvy; there are many advanced features, and the interfaces are not as easy on the eyes. While the number one exchange, currently OKex, is trading $1.75 billion million daily, Bitshares is only trading at approximately $2 million.

Crypto is easier than ever to buy now, and this year should see some huge improvements for both centralized and decentralized exchanges. Centralized exchanges will focus on scaling, usability and adding of new tokens, while decentralized exchanges will be focusing on getting their product out on the web and involving the existing crypto community. But for now, and forever, it’s a good time to buy crypto.

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Altcoin Analysis: NEO, EOS, LTC, Monero and Lumens

The recent Monero surge has been impressive and at the moment, prices are testing a key resistance line at the 38.2% Fibonacci retracement level. We must remember that there is a hard fork in the pipeline and that could the reason why Monero is rallying.

This is not the only coin in our focus. Despite the small marginal gains, LTC prices are trending above our ascending wedge and all we need is a surge past $225 or February 26 highs before we can actually signal buy entries.

Let’s have a look at these charts:

XLM/USD

Lumens Technical Analysis
XLM/USD 4HR Chart for March 6, 2018

For us to warrant Lumens buys we need a confirmation and that will only happen when prices breach $0.40, a key trigger line in our analysis.

From yesterday’s price action, we can see attempts of higher highs and for a moment, Lumens prices were actually trending above the middle BB and $0.40. What we need is a convincing close or a break-out per say and any such patterns will signal longs in line with yesterday’s forecast.

In the 4HR chart, sellers are actually driving prices lower and with a double bar reversal and over bought stochastics, chances are prices might trickle lower and even test the middle BB at $0.35 or the break out line at $0.30.

Either any, considering our bullish skew and the trade pattern we are in, buyers can look for long opportunities and can enter when there are hints of reversal at these key support lines.

XMR/USD

Monero Technical Analysis
XMR/USD Daily Chart for March 6, 2018

There are some pretty nice price developments in this pair and while we remain overly bullish, buyers must recognize that Monero is testing a key resistance line.

However, before we delve deeper, let’s also acknowledge the fact that buyers are firmly in charge and are actually the driving force behind this resurgence.

From the look of things, we are in the 3rd phase of a bullish break out pattern and as it is, Monero might fail to close above the 38.2% Fibonacci retracement level which is our immediate resistance line. Furthermore, notice how the bullish candlesticks are now banding along the upper BB in the daily chart.

In fact in the 4HR chart, bears are rejecting higher prices and suppose there is a slide, our buyers might found support at $330 and if not, then the 50% Fibonacci retracement level $300 looks to be viable level.

I will be neutral today and if today is bearish, then chances are sellers might actually drive prices towards our support levels as mentioned above.

EOS/USD

EOS Technical Analysis
EOS/USD 4HR Chart for March 6, 2018

With yesterday’s slow EOS price movements, our forecast is constant.

Now that volatility is low, I expect the middle BB in the 4HR chart and $8 to remain our short term support as we expect higher highs in the coming session.

For initiation purposes, bulls might push higher today and if we see buyers clearing yesterday’s highs of $8.3, then we shall remain positive and even shift our short term buy targets to $10.

Otherwise, any depreciation below $7.5 will mean out stops are hit and sellers might find resistance at February 26 lows of $7.3.

LTC/USD

LTC Technical Analysis
LTC/USD 4HR Chart for March 6, 2018

There is a positive follow through right there and even though LTC bulls are failing to find the necessary momentum for higher highs, the fact that prices are trending above the ascending wedge is important.

That can constitute a solid ground for buyers to initiate long positions with stops at $200 but we first need confirmation of this breakout and that is why $225 or $230 (February 26 highs) is a good trigger line for buyers.

NEO/USD

NEO Technical Analysis
NEO/USD Daily Chart for March 6, 2018

A quick glance at the 4HR chart and its evident that NEO prices are in range mode and near the support trend line clear in the daily chart.

In my view I will only recommend long or shorts when I see prices trending above $140 or below $100. Before then, I will remain neutral.

All Bitfinex, Bittrex and CoinBase charts courtesy of Trading View

The post Altcoin Analysis: NEO, EOS, LTC, Monero and Lumens appeared first on NewsBTC.

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