Following on from a generally quiet , Stellar’s XLM continues a strong performance into Monday. This brings welcome relief to a project that had fallen sharply since last November when it was trading as high as 4,705 satoshis. As of 08:00 GMT, XLM/BTC is trading at 0.0002678, up 25% from March 7th. During this time frame, 24-hour volume has increased by $77million, with Chinese exchange ZB.com currently accounting for the majority of the volume with its XLM/USDT pairing. SatoshiPay Will Use Stellar’s XLM for Micropayment Solutions On the 7th March, announced details of a strategic partnership with German media outlet Börsenmedien AG. Both companies will collaborate to develop a micropayment solution. The proposal will allow users to purchase premium content, with a single click, on platforms owned by the publishing house. In response to the news, SatoshiPay CEO, Meinhard Benn states: “We are delighted to have gained Börsenmedien AG as a strategic partner that firmly believes in SatoshiPay’s vision — both, as an investor and as a content provider. The groups’ digital formats, such as videos, PDF downloads or e-books represent an ideal use case for our technology. We are looking forward to further develop our product in close collaboration with Börsenmedien’s editorial and product teams.” Börsenmedien AG founder and CEO, Bernd Förtsch, discusses the intent behind the stake acquisition: “[Currently] online content is either free and monetised through ads or charged for — in which case readers have to sign-up for a subscription or deal with paywalls. [But] there’s a gap in between: inexpensive content that can be purchased on a pay-per-article plan, without hassle. SatoshiPay’s nanopayment solution represents that missing link that fills the gap. We are excited about our stake in SatoshiPay, as well as the upcoming integration of their solution on our websites.” Stellar Approval The planned solution will utilize Stellar’s ledger to transfer payments from the user’s wallet to the publisher. Furthermore, this proposal will take full advantage of the low transactional costs of the network, and will also benefit from direct end to end transfer without a 3rd party intermediary. Lisa Nestor, Director of Partnerships at Stellar commends the pairing in her most recent tweet: Another great win for the ecosystem! brings on a new investor and platform partnership. A big congrats from — Lisa Nestor (@nestorious828) She goes on to say: “Enabling seamless micro-payments through a platform like SatoshiPay has tremendous value across industries and geographies. And enabling purchases of content is an obvious place to start. SatoshiPay continues to execute on their vision, signing on high-value partners like Börsenmedien AG. We are excited to see the company grow and continue to be a leader in the industry.” Micropayments The move by Börsenmedien AG to utilize micropayment solutions goes some way to addressing criticisms of cryptocurrency’s failure to integrate with everyday life. This represents a further development of the space, and a calculated move to capitalize on changing media consumption habits. The post appeared first on .
Markets recovering a little on Sunday; XRP moving up, Stellar and Monero not far behind. A Sunday bounce has pulled cryptocurrency markets back from the abyss … for now. Following one of the largest falls this year during the week markets are recovering a little today as total capitalization creeps back up over $185 billion. Bitcoin has made it back to $5,600 with a small gain of 1.3% on the day. Since its 2018 low of $5,350 on Thursday Bitcoin has regained 4.7%, however, since the same time last week it has dumped 12.5%. Ethereum has not been able to recover much at all and has only made it back to $176 with 1.4% added at the time of writing. XRP is the big mover in the top ten today, accelerating away from Ethereum in third spot. XRP has risen 10% on the day taking it to $0.516 at the time of writing. It is now over $2.5 billion clear of ETH in terms of market cap. Momentum has come from Switzerland which has given the green light to the first cryptocurrency ETP (exchange traded product) with over 25% invested in XRP. Japanese traders have been buying up the token on Bitbank this morning as trade volume climbs 36% on the day to $730 million. Stellar is also recovering well today with a 5.5% gain, pushing it up to fifth spot above EOS. Monero is not far behind adding around 4.5%. The rest are up around 2-3 percent on the day. In the top twenty Zcash has clawed back 4% but the rest are only gaining one or two. Nem and Tezos were still marginally in the red at the time of writing. Today’s obscure fomo pump is BOScoin, entering the top one hundred with a 16% surge on the day. Stratis is also doing well adding 10% and CyberMiles is climbing over 7%. Still dropping like a stone is Nasdacoin with a further fall of 14%. Total crypto market capitalization has gained a little on . $5 billion has been added over the past day to lift markets 2.8% to $186 billion. Things are still grim on the weekly and monthly views with a 12.5% dump for crypto markets for these periods. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post appeared first on .
Overly, alt coins are back in the positive territory adding $11 billion in market cap. Supporting this is the obvious gains in IOTA and at EOS regardless of the RAM issues and the power vested on block producers. Talking of powers and it seems like hackers are becoming a threat after their audacious attack on Syscoin blockchain prompting Binance to halt trading and announcing a SAFU for fund safety. This begs more questions than answers! Let’s have a look at the charts: EOS Technical Analysis According to EOS Nation, who are one of the 21 block producers, the cost of their planned Air Drop is expensive and in the upwards of $150,000. The reason? Well, thanks to their uncontrolled RAM purchases that literally made it impossible and even realistic for normal dApp developers to use the blockchain, RAM prices are spiraling out of control. Now they are reverting their proceeds back to the EOS Nation Engagement Fund. Just for you to get a gist of how expensive it to create an account, first understand that RAM is a speculative item. With 82 percent of total RAM reserved, the demand is up and it for an account to go live in EOSIO. That’s just bonkers and a deterrence for a system that we all thought would see a surge of dApps running on it. None at the moment utilize EOSIO by the way. Despite the flurry of negativity, EOS prices are on the rise and so are accounts because of their direct correlation. Technically , there is a chance to buy EOS at current prices while conservatives can wait for convincing breaks above $9. How long we have to wait depends on the speed of price change and demand of EOS. Regardless, stops should be at $7.8 or $7, key support lines in the daily chart. Litecoin (LTC) Technical Analysis News is Binance is creating a Secure Asset Fund for Users (SAFU) following recent Syscoin events that saw its blockchain attacked. Then, it was clearly demonstrated that hackers mined more than the total network supply of Syscoin prompting Binance to suspend deposits and withdrawals in its platform. As this was happening, traders at . We are in an uptrend and reversing July 3 losses and aligning with the general bull pressure in the process. Because of yesterday’s events, today we might see further gains as our buy trigger at $90 is activated. All in all, plans of trading prudently means stops would be at $80, that’s just about July 2 lows. Stellar Lumens (XLM) Technical Analysis There is a tad bit of rejection of higher highs after July 3 but that doesn’t mean our over-all short term bullish projection is null. In fact, in line with this stand, current prices provides a perfect opportunity for buyers to load up on dips in lower time frames. After all, according to the way our was set, Stellar Lumens (XLM) long trades are live with stops at 15 cents or June 29 lows. Tron (TRX) Technical Analysis Mainnet launches and platform migration is a complex affair and with regards to Tron, there has been a delay by most exchanges. Of the more than 40 exchanges which the Tron Foundation and Justin Sun said would support the new TRX coin, only six allow deposit and withdrawal in TRX as I type this. That’s exclusive of Binance where withdrawals isn’t possible. Now, to the charts and ideally, June 22, 26 and 28 bear candlesticks are important for our analysis. From the way price action is set, bulls have been successful thus far. Price are trending above June 22 highs but it would be better if they trend above 5 cents. Doing so mean buyers would have recovered Tron losses of July 22 and that’s important. That’s why we have placed conservative buy triggers there despite the general mood being bullish. In the meantime though, we suggest buying at current prices with stops at 3.3 cents or June 29 lows with risk-on traders waiting for gains above 5 cents as aforementioned. IOTA (IOT) Technical Analysis There is a bounce at IOTA and thus far, it has reversed July 3 gains and inching higher in line with our trade plan. As before, we recommend buying on every pullback in lower time frames with targets at $2 and $2.5 as laid out before. Because of these higher highs, stops should be at July 3 lows at $1. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post appeared first on .
Yesterday we were supposed to see the final push and declaration of Tron Independence. But as with all mainnet launches in this space, it’s but a disappointment. Coin migration from Ethereum is still in progress and this mean Tron election of their 27 Super Representatives of super nodes as dPoS demands will be put off for another three to five days. That’s negative and we can see the reaction at the daily chart because Tron is down three percent and there is more room for further downside below 4 cents. Let’s have a look at the charts: EOS Technical Analysis Following their year-long ICO where EOS successfully managed to raise close to $4 billion, the custodian behind EOS account at Ethereum have embarked on a ETH selling frenzy. In the last three months alone, EOSIO through intermediaries liquidated close to three million ETHs. By end of June 24, close to 50,000 ETHs were sold or moved to proxy ETH accounts as snapshots shows. Because of their recent ETH selling activities, the main EOS account visible in the blockchain has 100,000 ETH left. However, since June 1, the day before their mainnet launch, that account has drained 1.2 million ETHs. Of the 1.2 million ETHs that left the account, 100,000 ETHs were sold in BitFinex oversupplying the market and compounding the recent Ether price decline. Back to the chart and EOS prices are relatively stable and . I recommend trading with the trend as set by June 22 bear candlestick and that means selling at every high in lower time frames with stops at $9. Like before, bear targets remain at $4. Should buyers jump in, then appreciation above $12 cancels our bear projection. Litecoin (LTC) Technical Analysis After St Lois Fed added Litecoin and three other cryptocurrencies to their research database, Yahoo is following suit and categorizing Litecoin and other coins under their “select Financial Stock” category. This is bullish for cryptocurrency in general and goes on to show how acceptable digital assets are becoming. Back to the chart and it can’t be clearer. As long as LTC prices are below $90, selling at current prices is my recommendation. The only time we should begin rethinking about our trade strategy is when LTC buyers begin pumping prices above $90 and $110.Before then, sell on every high in lower time frame of your choice. Stellar Lumens (XLM) Technical Analysis Undeniably, most crypto coins are finding support and Stellar Lumens is one of them. Following news of Chain’s acquisition plans, the depreciation has been contained and even though we have these tight trading ranges, XLM sellers are likely to have an upper hand going forward. We shall anchor our analysis on that strong bearish candlestick on June 22. Then, we saw a sharp decline below our previous support at 20 cents and it’s because of this that I recommend shorting as long as prices are below 20 cents in days to come. Like , our bear targets remain unchanged. The only time we shall cancel this projection is when Stellar Lumens (XLM) prices snap back above June 22 highs and 25 cents on the upper side. From there we shall shift our projection and capitalize with newfound bull momentum. Tron (TRX) Technical Analysis After days of pitching, it’s time to walk the talk for Tron Foundation. They promise scalability, free transactions, decentralization and high throughput with one of a kind virtual machine that is pluggable and easy to use. Will these irresistible features attract developers and form a base for eventual replacement of Ethereum as a smart contract platform? Already, $50 million worth of TRX has been “burnt” and that’s 10 percent of TRX coins out of circulation. completed Coin Burn of 1 billion . — Justin Sun (@justinsuntron) Will we see support of TRX prices or will this launch appetize these hungry bears? After all, most coin launches are usually accompanied by strong losses. Traders expected better when Tron’s super election was scheduled to kick off. That event has been postponed until ERC-20 TRX token migration is complete. It might pick off in another three to five days. From the chart, discouraging statistics shows that Tron sellers show no signs of pausing and TRX new coins are . In line with previous trade plans, our trade triggers at 4 cents and 5 cents are clear. And so, just like before, sell recommendations with targets at 2.5 cents will only be valid once we see movement before the lower limit of this minor trade range at 4 cents. Before that happens, we saw stay neutral. IOTA (IOT) Technical Analysis There are now many options through which you can buy cryptos and following Bitpanda’s move, you can as well choose any of the 400 postal offices in Austria and buy IOTA and many other coins of your choice. Undoubtedly, this opens up adoption and would be good for overall coin liquidity. Apart from this, investors should interpret the new IOTA DNB ASA partnership positively. DNB ASA one of the largest banks which is well capitalized. Besides, its history of leveraging technology is unsurpassed in the Nordic region. This in the long run will be beneficial for IOTA. So at current prices, it may be the best time to load up IOT. IOTA (MIOTA) News Update: IOTA and DNB ASA Announces Partnership (IOTA Secure… — Internet of Things (@TheIoT) Technically and like the past couple of weeks, we remain bearish. We shall continue holding the same view. That’s unless we see either a strong reversal from the main support line at 90 cents, or a break below it in line with the general bear trend towards 70 cents. So, despite hints of support as IOTA continues to move within June 22 high low, we maintain a wait and see approach until our trade conditions are met. The post appeared first on .