New cryptocurrencies are continually getting introduced to the crypto space, but very few come with new technology. The new coins in the market tend to fork from existing technologies, acting as uninspired copies of their predecessors. That is why every investor should research the coin’s background diligently and note the level of technological improvement embedded.
Nonetheless, there are individual coins that stand out from the rest with their advanced technologies. These coins launch with strong fundamentals and newly discovered technologies that make them industry leaders. In this article, we’ll look at the five most technologically advanced cryptocurrencies and what they offer the investor.
Apollo Currency (APL)
Apollo is the world’s first cryptocurrency to launch and implement database level sharding, making it one of the only indefinitely sustainable blockchains on the market. Furthermore, APL is the first cryptocurrency to make wallets Quantum resistant and run on a Quantum resistant blockchain and algorithm. Apollo is the first cryptocurrency to launch a national currency platform and host a national currency. It’s also starting a mass adoption crypto-friendly world bank.
As the world’s most feature-rich cryptocurrency, Apollo offers advanced technologies such as sharding, Apollo updater, Apollo atomic swaps, adaptive forging, node synchronization, and more. It also provides the fastest cryptocurrency transaction speed from sub-seconds to two seconds block-time. APL has some of the most significant use cases, including government and commercial, uses up to national bank levels.
The APL technology allows anyone to create an advanced token in seconds without complex code. Holders can send private and public transactions via encrypted messaging, private ledgers, IP masking, etc. In the future, Apollo plans to feature the world’s first Dapps infrastructure with limitless storage. Here’s the best exchange to buy it.
Gold Secured Currency (GSX)
Gold secured currency is from Apollo Fintech and hosted on the Apollo Blockchain. Therefore, it’s the only Quantum secured stable coin running on a Quantum resistant blockchain and algorithm Quantum Steel. Since it runs on the Apollo blockchain, it features all the technological factors as Apollo. These include; sustainability from first database sharing, security, speed, Quantum resistant wallets, launching mass adoption of the crypto-friendly world bank, etc.
GSX is a stable coin backed by gold and gold-rich land- this makes it redeemable for its gold value. As a GSX holder, you receive a yearly dividend and full ownership of trusts. Investors of GSX are the trust beneficiaries and legal owners of land rights, mining companies, and all mining assets.
As an investment, the GSX value is continually increasing due to the increase in its land and gold backing. The value further increases when 50% offered not sold in the CDE gets burned with the value moving to existing GSX. GSX combines the best elements of a stable coin, cryptocurrency, and investment coin. As the only currency that continuously grows in asset value, it’s way ahead of its counterparts in advancement. Here’s where you can buy GSX on presale with as much as a 50% bonus.
Stellar Lumens (XLM)
Stellar is a distributed payment infrastructure that seeks to reinvent the transfer of money and assets. It was founded in 2014, focusing on fast and affordable cross-border transactions. In 2015 Stellar replaced its software with a custom build alternative known as Stellar Core that uses the Stellar Consensus Protocol algorithm. The protocol is based on a consensus method known as the Federated Byzantine Agreement.
Stellar Consensus Protocol doesn’t require nodes to mine blocks; instead, it allows nodes to vote on transactions until quorums are reached. Furthermore, the nodes can serve as watchers or validators. The network has Stellar Anchors, which are entities that accept deposits of currencies and assets on Stellar.
Unlike its main competitor Ripple, Stellar focuses more on individual needs as opposed to corporate and large institutions. Stellar enables users to make easy and affordable international payments and conduct quick transactions between different currencies. The network also acts as a platform for the launch of ICOs.
Nano is famous for charging no fees for sending or receiving cryptocurrency and its light protocol. Nano doesn’t use a typical blockchain where all nodes have to store information. Instead, it uses a block-lattice system, where each account is responsible for its blockchain. Since each individual is accountable for their block history and account chain, the transaction happens very quickly.
Furthermore, the removal of competition for miners to add to the next block ensures that the Nano network uses as little energy as possible.
A Nano holder only has to store the latest block with the account chains balance saving on the massive space usually required to store transaction histories.
Cardano has a unique two-layer structure built from a scientific philosophy, and peers reviewed academic research. Cardano is a smart contract platform that offers scalability, sustainability, and security in its layered structure.
The principles, engineering practices, and philosophies applied during the creation of Cardano came up with two layers. In a bid to separate accounting and computation, one layer is the Cardano Settlement Layer (CSL) for conducting transactions. The other layer is the Cardano Computation Layer (CCL), which runs blockchain apps.
As a cryptocurrency enthusiast or investor, when buying cryptocurrency, you’re investing in its technology. The future of any coin is dependent on the sustainability of its technology. Any investor who understands the industry recognizes the importance of research before investment. New cryptocurrencies can look promising and sound exciting at first glance but end up not being sustainable in the long run. So before taking any significant steps, make sure you have in-depth information on the technologies involved.
Bitcoin SV long-term Price Analysis: 25 September
It is an interesting period in the digital asset industry. While prices were indicating a series of pullbacks, many suggested that the bottom is near or possibly nearing with time. At the moment, Bitcoin continues to hold fort around the $10,000 range, bouncing consistently from the $10,200 mark.
With the king coin holding its grounds, altcoins around are being resistant to more corrections as well. After declining to $144 on 21st September, BSV is up to $155 at the moment. With uncertainty still looming large, we analyzed possible outcomes for the Bitcoin forked asset.
Bitcoin SV 4-hour chart
The massive drop down to $144 came at the back of a symmetrical triangle for Bitcoin SV. With high bearish momentum tracking the pattern, it was somewhat obvious that the asset declined in the charts.
At the time of writing, the bearish pressure from the 50-Moving Average was also dominant, hence a re-test at $165 might take a bit of time. Coincidentally, BSV‘s price is oscillating within another bearish pattern at the moment, with a rising wedge taking the proceedings.
At the moment, if the bears take charge of the moment, a strong correction could take the price to the last support at $136, while a normal retracement can be expected till $150 before another rally upwards. Relative Strength Index or RSI was observed to exhibit a decline which meant selling pressure was slowly building up again.
Bitcoin SV 1-day chart
However, the 1-day chart gave more clarity on the current price range. Since the start of April 2020, Bitcoin SV‘s value has almost used the $150-$160 range as a medium to consolidate before catapulting above the $200 mark. It is interesting at the moment because after reaching $144 only 3 days back, the asset back in the range now.
Now, optimistically the price might rocket out again from here, but it is important to remember that during the previous two proceedings, the market was riding on a high. At the moment, an air of transition enveloped the industry. Stochastic RSI suggested another bearish crossover is approaching. With the blue line currently reaching the overbought zone, a direct crossover at the top would lead to another pullback.
Right now, another re-test till $150 seems definite but it will be interesting to see if this range can be held yet again.
LINK Increases by More Than 40% in a Day: Relief Rally or New Upward Move?
The ChainLink (LINK) price increased by 41% on Sept. 24. While the price has broken out from a bullish pattern, the current movement is still more likely to be a correction than the beginning of a new upward movement. LINK Bounces at Support The LINK price has been decreasing alongside a descending resistance line since […]
The post LINK Increases by More Than 40% in a Day: Relief Rally or New Upward Move? appeared first on BeInCrypto.
The ChainLink (LINK) price increased by 41% on Sept. 24. While the price has broken out from a bullish pattern, the current movement is still more likely to be a correction than the beginning of a new upward movement.
LINK Bounces at Support
The LINK price has been decreasing alongside a descending resistance line since it reached a high of $20.71 on Aug. 17. The decrease has been significant and continued until the price reached a low of $7.28 on Sept. 23. This movement validated the $7.50 area as support.
The $7.50 area is also strengthened by the presence of the 200-day moving average (MA). Once the price reached this area, it created a bullish engulfing candlestick, increasing all the way to $10.40 in a single day. The increase from low to high measured 41%.
Currently, the price is attempting to move above the minor $10.40 resistance area and possibly the descending resistance line drawn from the highs.
Cryptocurrency trader @PostyXBT tweeted out a LINK chart, stating that the price is approaching the 200-day moving average (MA) support. As seen in the chart above, the price initiated a very strong bounce once it reached the MA.
Reversal or Relief?
The six-hour chart shows that the price has broken out from a descending resistance line. The breakout was preceded by considerable bullish divergence in the RSI & MACD, increasing its validity.
However, the daily chart does not confirm that the trend is bullish. The RSI is below 50, and the Stochastic Oscillator has not made a bullish cross. The MACD has just begun to increase, having created one higher momentum bar.
Until the price breaks out from the longer-term resistance line or a bullish cross transpires in the Stochastic Oscillator, we cannot state that the trend is bullish.
Since the aforementioned Aug. 17 high, the LINK price has completed a five-wave bearish formation (shown in black below). Since waves 1 & 4 overlap, it is likely that the movement was a leading diagonal, also supported by the wedge-like shape.
Furthermore, volume decreased during the wave-5 bottom and picked up during the breakout, customary in such movements.
In the longer-term, it is possible that this entire decrease has been the A wave (orange) of a longer-term A-B-C correction.
If so, the price could increase all the way to the 0.618 Fib level at $15.26 before resuming its downward movement.
To conclude, while the LINK price is expected to increase in the short/medium-term, it is more likely that the price is still engulfed in a longer-term correction.
Ripple price prediction: XRP price recovers after dropping over 5 percent
XRP price recovers from 5 percent plunge below $0.23 support Ripple (XRP) price movements over the last 24 hours appear bullish Bulls seem to have appeared XRP price currently trading at $0.2407 at press time Ripple price prediction: today’s price overview The Ripple price opened the day at $0.2327, which is also its lowest price […]
- XRP price recovers from 5 percent plunge below $0.23 support
- Ripple (XRP) price movements over the last 24 hours appear bullish
- Bulls seem to have appeared
- XRP price currently trading at $0.2407 at press time
Ripple price prediction: today’s price overview
The Ripple price opened the day at $0.2327, which is also its lowest price as the bull’s kick-started a bullish uptrend. The price has since soared up and reached a peak price of $0.2407, where it is currently trading at. After closing the previous day in a bearish candle, XRP price is presently depicting signs of bullishness.
Ripple price 24-hour movement
Since hitting rock bottom at $0.2215 the previous day and losing about 5.3 percent in 7 days, XRP/USD has since recovered by over 5 percent and bounced back above the support near $0.23. Ripple XRP appears to be attempting to create a support base above this point, but the bears are yet to give up still.to give in.
The movements of the past $24 hours moved the XRP/USD pair from $0.23 to a daily high of $0.2407, representing $0.0107 gains. The above chart depicts bullish signs, and XRP price might be kick-starting a new bullish trend. Given the price of XRP is tied to BTC price, the recent bullish signals characterized by King crypto might have impacted Ripple’s price.
XRP/USD September chart
Ripple XRP price has been on a bearish trajectory for the past 30 days, losing more than 10 percent of its value. In the past 7 before yesterday’s bounce, XRP lost about 5.5 percent. However, XRP seems to have formed support at $0.23 and ready to test the resistance at $0.24 again after failing yesterday.
XRP 1-hour chart
We can see the bullish momentum being created after a long journey in a bear market in the above chart. The XRP/USD seems to be testing the selling pressure at $0.24 from where the price may move towards its early September high.
Ripple price prediction: Where is XRP heading?
One week ago, Ripple was in a very different situation compared to today. The bears were too strong for the bulls pushing the price more than 5 percent under. However, it now seems the bulls have enough power to push through after defending the $0.227 support.
If the XRP bulls contain the selling pressure at $0.24, Ripple (XRP) price is destined to test $0.25. From here, Ripple targets its monthly-high price of $0.29 and above.
On the other hand, failing to clear the resistance at $0.24 might be fatal. The price may fall towards the $0.22 critical support from where a bear market prevails. The next crucial support could be near $0.21, where buyers might emerge.
Meanwhile, Ripple’s CEO, Chris Larsen, recently transferred 499,999,979 XRP tokens worth $115,847,49 at the time, triggering a whale alert. Has this massive transfer affected Ripple price? The amount represents about 10 percent of the entire Ripple XRP market capitalization. It is also worth noting that having been surpassed by Tether USDT, XRP is yet to claim its old position at number 3. Now that it has broken out of a multi-days and year bearish trend, what’s in store for Ripple XRP next?
Blockchain4 weeks ago
Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas
Blockchain1 month ago
The US Post Office Files a Patent for a Blockchain-Based Voting System
Blockchain4 months ago
How to Identify the ‘Third Wave’ of Cannabis Investments
Blockchain2 months ago
Wealthfront Lures Millenials With Crypto Memes and Tactics
Blockchain2 weeks ago
Blockchain Bites: Is DeFi an Inside Deal?
Blockchain4 months ago
5 Tips to Interest the Press in Your Cannabis Business
Blockchain3 months ago
Top 5 Most Effective Cannabis Marketing Strategies
Blockchain9 months ago
What is Litecoin? | A Complete Beginners’ Guide