Yuri Molchan

Binance Coin (BNB) Now Open to Over 2.3 Mln Merchants After Partnering with CoinPayments

The CoinPayments gateway adds BNB, the crypto taking the 14th place on the top coins’ ranking, giving BNB an exposure to over 2 mln vendors in almost 200 countries
Binance Coin (BNB) Now Open to Over 2.3 Mln Merchants After Partnering with CoinPayments
Contents

The native token of Binance Exchange, BNB, seems to be ready for a big adoption boost. It has been integrated by major crypto payment portal CoinPayments, which works with a large number of crypto coins, including top ones such as BTC and LTC. Now BNB has been added to this list.

CoinPayments shared this joyful news via Twitter:

CoinPayments works with over a thousand coins and collaborates with over around 2.3 mln vendors in nearly 190 countries. The platform has explained via social media why it decided to choose BNB, saying that it believes that in the future it will be very important due to the growing impact that Binance is having on the crypto industry.

They also stated that the Binance community is growing along with its presence in various countries; thus, it is important to adopt BNB now.

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Among the top platforms that CoinPayments collaborates with are Shopify, WooCommerce, etc, which will all now be accepting Binance Coin.

Earlier, U.Today reported that CoinPayments added Tron (TRX) to its payment options as well.

BNB

Currently, BNB holds 14th place on the top-twenty list. Its market cap is well over $1 bln, and it has been gradually dropping along with the rest of the market.

Currently, Binance Coin is going for $7.61 after a small drop of 5.17%.

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Thomas Hughes

EOS Price Prediction: Will the Coin Leave the Bearish Market?

EOS could be the world’s fastest cryptocurrency if it can overcome obstacles and attract new users
EOS Price Prediction: Will the Coin Leave the Bearish Market?
Contents

Less than a year after its official release, EOS became one of the most attractive digital assets. Its protocol is designed to enable vertical and horizontal scaling of decentralized applications, which is achieved through an operating system-like concept. EOS is a form of cryptocurrency based on Ethereum and supports up to 50,000 transactions per second, twice as much as VISA cards.

EOS is not only interesting and attractive from a technological point of view but is also considered to be an alternative to Bitcoin. It is a more reliable financial instrument and represents a true implementation of blockchain into financial transactions.

EOS versus other cryptocurrencies

Currently, EOS is the sixth largest cryptocurrency, with a market value of almost 5 billion USD. At one point, just before the April 2018 fiasco, just days before launching its Dawn 4.0 release, its market cap exceeded 17 billion USD. However, after this thriving period, EOS’ cryptocurrency price wiped out almost 75% of its value compared to an average decrease of 30% for Bitcoin and the broader cryptocurrency market. The highly volatile digital currency entered into a bearish market, and investors started withdrawing assets from it. Despite this fact, the prediction for EOS is bright, featuring strong price growth.

The average daily trading volumes at the end of October reached 400 million USD, compared to almost 4 billion USD at the end of April, demonstrating a 90% decline. The short-term outlook for the digital currency is not so bright.

There was some impetus in the beginning of November, which pushed the price of EOS up, but the gains were small and did not last long. The daily trading volumes are steadily rising, reaching 750 million USD in Nov 7, stimulating the increase in prices. Several cryptocurrency rating agencies labeled EOS a “buy” based on their “adoption model” metric in regard to EOS' strong communities and app-building capabilities. The digital currency started the month with strong increases but later suffered some corrections, normalizing its value around 5.50 USD.

EOS versus other cryptocurrencies

EOS coin predictions: the medium-term trend

The medium-term outlook for the EOS coin remains in the bearish market. The positive start of the month gave some bullish pressure to the cryptocurrency, but later this impetus was lost at 5.83 USD in the supply area on Nov 7th. EOS price predictions remain negative during the month with expectations for some growth at the end of November, stimulated by small investors.

The price is below the ten days exponential moving average, putting it in a bearish market, which is not likely broken without some extraordinary events. The stochastic oscillator for EOS is at 26%, near the low end of its range, and its signal points down which implies a divergence with the price. The EOS forecast range in medium-term is 5.00-7.50 USD.

Even though EOS’ price prediction for 2018 is not so bright, the cryptocurrency is expected to gain high popularity in next months, gaining higher scalability, though there are numerous technical obstacles for the price to increase.

the medium-term trend

EOS future price: the short-term trend is down

In the short-term, EOS returns to a bearish trend and may extend losses to 5.05 or lower. The pressure was extremely strong on Nov 7th after the formation of a Tweezer top at 5.76 USD. The cryptocurrency moved down to 5.60 USD, breaking the 50 days exponential moving average.

The stochastic oscillator is at 27%, and its signal points imply downward price movement may occur in the short-term as the bears' momentum increases. EOS projection’s target in the short-term is 4.50-5.50 USD.

EOS future price

What can stimulate the growth of EOS?

The main driving force for EOS are:

Technology News: The BancorX platform has enabled token conversion between a total of 110+ Ethereum and EOS-based assets. Thus, popularization of the protocol will become even stronger over the coming months as many more platforms are expected to take up the token's exchange. This has led many analysts to change their EOS coin price prediction to “buy” despite the near-term bearish activity.

Growth potential: The cryptocurrency still has strong potential for growth; due to its scalability, if it can overcome obstacles there is potential for exponential growth.

Higher spending: Holiday season is approaching, and people are more inclined to spend. This probably will flood millions of dollars into the cryptocurrency market at the end of November and beginning of December. Last year, this period was marked with record highs of the cryptocurrency market and that (cash inflows) is expected again.

Scalability: The main problem of old-fashioned cryptocurrencies such as Bitcoin and Ethereum is scalability. This has stopped their growth and is expected to dominate market sentiment in the near to short-term. EOS implements blockchain smart contracts to create a decentralized, scalable network that far surpasses ETH and BTC.

Role in governance and voting: The EOS protocol can be used for modern election systems. Since the US Presidential elections in 2016, the world is more and more shaken by voting issues and manipulations. The EOS protocol allows establishing a safe, decentralized election system that is trustless and verifiable.

The EOS protocol combines the best of the blockchain, opening doors for widespread usage of the technology in the future, which is driving force behind its price.

“The EOS blockchain is changing what is possible, and we are only just scratching the surface, and it is no longer just the fringes who are getting excited. EOS is an infant chain with excellent pedigree, but before she can spread her wings and fly, the basics need to be learned, practiced and enforced. A governed chain needs to learn how to govern, a trustless community needs to trust each other and set the culture which will last for centuries,” said the CEO of EOS Dublin, Sharif Bouktila.

EOS prediction 2018: is EOS a good investment?

The simple answer is – Yes, but not in November.

The long-term EOS predictions are the coin price will return to an uptrend. The analysts recommend waiting by mid-November before purchasing EOS coins due to possible depreciation to around 4.50 USD. The digital currency is currently in the sell zone and will remain there for a few more weeks. The EOS price prediction for the end of November is  a much more encouraging estimate of 5.50-6.00 USD with positive outlook.

The EOS coin forecast for December is for the return of bullish market sentiment and rapid growth.

EOS prediction 2018

EOS vs Bitcoin

Many analysts predict bright future for the blockchain technology and cryptocurrencies. Unfortunately, several scalabilities and legal issued have hampered their expansion and subsequently reduce their prices.

The EOS protocol integrates the modern technologies, creating a nifty platform for easily usable and accessible services of dApps or decentralized applications. EOS tries to combine the best aspects from the most well-known blockchain networks such as Ethereum’s versatile and intense computing power and Bitcoin’s safe and secure ecosystem.

And if you still do not see the advantages of the EOS versus Bitcoin, see the differences:

 

Bitcoin

EOS

Launch date

January 3, 2009

June 26, 2017

Max. number of tokens

21 million

1 billion

Token uses

Digital asset

Native currency of EOS dapp platform.

Supported language(s)

C++

Any language that compiles into WebAssembly (WASM)

Consensus algorithm

Proof of work

Delegated proof of stake

Decentralized?

Yes

Yes

Transactions per second

7

50,000

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Darryn Pollock

Will Next Financial Crisis Bring a Boom to Bitcoin?

Bitcoin was a tool that was born of the economic crisis some 10 years ago, does that mean another big recession or banking collapse could catapult it forward?
Will Next Financial Crisis Bring a Boom to Bitcoin?
Contents

The creation of Bitcoin some 10 years ago was not accidental, it was a tool that was formed as a result of a financial crisis between 2007 and 2008 where the housing market and banking sectors suffered massively.

However, Bitcoin was barely an embryo when the global economy went about trying to repair itself, it was more of an idea and a theory that could one day lead to economic freedom. However, 10 years along, and Bitcoin, Blockchain and other cryptocurrencies are entrenched into a number of global sectors.

It is an interesting place that the technology finds itself as the belief is that another economic crisis is only a few years away, and if that crisis comes, will there be a grab for a decentralized financial system that is unaffected by the banks, governments and other political and economic factors?

An institutionalized viewpoint

What is interesting to note, in a study conducted by Tom Lee’s Fundstrat is institutions, which were not too long ago laughing at the idea of digital currencies, are now more bullish than the common man.

Lee took to Twitter to gauge the response of the common cryptocurrency follower on a number of questions, and also interviewed a number of institutions, but the results were surprising as the more bullish belief came from institutions which are starting to uptake on Blockchain and Bitcoin.

Becoming recession proof

Another interesting finding of the survey conducted by Fundstrat was the belief from institutions about cryptocurrencies role in a recession.

When asked about the recession and the reaction of cryptocurrency prices to it, 72 percent of the institution said that prices of cryptocurrency would rise while 28 percent denied it. The same question yielded 5,382 responses on Twitter out of which 59 percent of people said they believed the prices would increase.

In it an interesting finding, especially in regards to institutions who have probably felt the effects of recessions more than the individual. But, for them to then believe that an alternative to the banking system would thrive in that situation also points to a changing of ideals.

If a recession or financial crisis was to hit, there is no doubt that the narrative would be that Bitcoin offers a safe haven away from suffering centralized bodies, but will it be enough to help cryptocurrencies past the tipping point in terms of a regular and trusted financial alternative?

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🕵️‍ ICO Watch Eric Eissler

ICO Marketing Guide - How To Run A Successful ICO

👁 ICO Watch
Planning an ICO just isn’t about the launch, it’s about branding and building trust
ICO Marketing Guide - How To Run A Successful ICO
Contents

Initial Coin Offerings (ICOs) were one of the hottest topics of 2017, as crypto literally exploded onto the mainstream with increasingly more media outlets covering ICOs and companies which were offering Blockchain-based services and token sales. Looking back, more than $5.6 bln was raised via ICOs in 2017, and in the first two months of 2018, there were some 50 ICOs which successfully raised more than $1 bln. This year proves to be another important year for ICOs despite some of the advertising bans in place by Facebook and Google.

Due to lack of regulation, many scammers and fraudsters have been able to manipulate ICOs to steal money from honest investors. Many of these fraud stories have been appearing in headlines and in the news. Furthermore, they have been a point of negative leverage for individuals who are against crypto and want to see it disappear. While that is not the case, crypto is here to stay, these individuals have been able to leverage this “bad press” to cut off advertising channels that had served ICOs, namely Facebook and Google. With more advertising avenues closing and the general bad press against ICOs, some are asking what the best way is to market a legitimate ICO.

The hot bath principle

Not every ICO is a success. In 2017, the 10 largest ICOs accounted for more than 25 percent of the money raised and only 48 percent of ICOs were considered successful. Competition is steep, with more than 1,500 cryptocurrencies in circulation.

Some ICOs are hot and they raise massive capital investments, but then something happens internally, or they took a wrong turn with their product or most importantly marketing approach. Then,  just like that, someone poured a bucket of ice into the hot bath water. Now that ICO is just not so hot anymore, and potential investors have their sights set elsewhere. Your ICO is over and so is the company.

The difference between success and failure in an ICO is, more often than not, in the marketing. Planning a strategy to market your ICO project from day one is absolutely essential, probably more important than the actual product itself. Remember, your product may change, but the perception of your team and your project rarely survives a bad first impression.

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Tips to market your ICO

  • Search Engine Optimization (SEO)

  • Media outreach and public relations

  • Press releases

  • Well-written articles

  • Coin listings

Marketing your ICO

Marketing your ICO does not have to be a nightmare, it can be just like marketing so many other companies and products, just with a few key differences. The cornerstone of your ICO-marketing-launch foundation should be your website.

Website

A professional, up-to-date website is going to be the face of your operation and your token. It is wise to invest in a professional developer to design a website that gets noticed and most importantly respected. The look, design and feel of your site is going to represent your company, and if it looks like it was made in 1995 or has poor grammar and spelling mistakes, your company will quickly lose credibility.

Additionally, there should be a white paper which focuses on the technological aspects of your Blockchain-based business and tokenized assets. A short professionally made video that can sum up your company and your product will do wonders for your credibility. Make sure to list all the members of your team on the website with LinkedIn links to improve transparency and trustability.

Finally, don’t forget to have your website SEO optimized. When marketing ICOs you will want to use all of the above to demonstrate a high-level of trust with your potential investors. An ICO marketing agency will be able to help you further develop your brand should you chose outside help.

Five points to make your ICO a success

  1. Have an engaging story to tell

    You have a product or a service and you need to tell the world about it and get your name out there. Make your ICO story interesting, engaging and understandable in a way that will inspire potential investors to understand your vision, so that it excites them enough to invest.

  2. Know your audience

    Despite its increasing global popularity, a successful ICO marketing strategy still needs to be focused on the right market segments to produce the best and most cost-effective results. Ask who is going to be your target end users? What kinds of industry will my product be effective in? What ancillary markets might I want to target?

  3. Transparency

    If your company is not transparent, it could well act as a repellent towards potential investors. People want to know exactly what they are buying into and the people behind it. A lack of transparency will reduce interest and negatively affect the amount of money you are able to raise. If something looks sketchy would you want to buy into it or invest your money? Most likely, no you wouldn’t. So why would someone else do it?

  4. Compliance

    Compliance is an area that is becoming increasingly important for ICOs in 2018 and will remain a major issue for the future. Regulations and rules are being put in place which will need to be followed. While crypto and ICOs are considered a gray area in many countries, the SEC has some hardline rules that require ICOs to be listed as securities. If you are not following these rules, then you are locking yourself out of the US market.

    While this might not seem like much of an issue now, it will be later on as more countries adopt laws and policies around the use of ICOs and who is allowed to participate legally. When looking at an ICO website you may find there is a list of excluded countries, and the US is nearly on all of them now. Not a good place to be if you want to be part of many investment revolutions.

  5. Crypto ICO marking company

    If you want to compete with the best, you are going to have to spend money to hire the pros to help you get there. If you are successful at fundraising with the ICO you will be able to pay the high-priced bill your ICO marketing budget demands.

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Media and public relations

When you are building your brand awareness, you will want to reach out to an ICO marketing company to help you with the finer details of your communications needs. ICO marketing agencies can offer ICO marketing and PR service. ICO marketing firms will be able to assist with refining your press releases and distributing them to the right target audience.

Social media relations

Social media has changed the marketing and public relations sector for the better. There are many more genuine ways to reach out to your potential investors without all the fluff and wonderment that many ICO celebrity marketing firms do. Below is a list of many ways to interact and get the word out on social media channels:

 

  • Reddit: The Reddit community is a well-informed and unforgiving audience. Win over the trust of the Redditors and you can go a long way to making your ICO a success. Creating subreddits and/or commenting on existing threads can generate a high level of exposure. But be very careful not to advertise or you will be banned!

  • Facebook groups: There’s no ICO advertising allowed on Facebook’s ad, but there are plenty of popular groups with interest in all things ICO.

  • Twitter: Like Facebook in that there’s no advertising, Twitter is still a very popular platform for the crypto community, and influencers with hundreds of thousands of followers can be targeted for ICO marketing.

  • Telegram: The fastest-growing social media platform and an outlet that must be marketed to, Telegram was very lovingly embraced by the crypto community from its inception, and the popularity keeps on growing.

  • Specialized Forums: Bitcointalk.org and some other specialized forums are widely read by the crypto community and carry a fair degree of influence.

  • LinkedIn Groups: LinkedIn groups have thousands of members, are free, and tap into a very targeted and knowledgeable audience.

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🤷 Opinions George Shnurenko

Crypto Community Must Unite, Speak With One Voice to Make Movement Successful

Opinions
The past year has brought incredible things but has also revealed weaknesses in the cryptocurrency movement.
Crypto Community Must Unite, Speak With One Voice to Make Movement Successful
Contents

For the crypto community, 2017 is marked by both astounding progress and disturbing imbroglio. Bitcoin has broken into the mainstream financial market with the launch of Chicagoan futures products. New investors flocked to exchanges unprepared for mainstream interest, bought up all kinds of coins and excitedly participated in conversations.

The crypto community may have never seen so many new curious members joining since Bitcoin’s inception in 2009. At the same time, the Bitcoin Cash hard fork pitted one part of the community against another, with anxious onlookers stuck in between. Governments are also beginning to watch the surge of investor interest with wariness.

Communication, governance necessary

Everything that happened last year, the good and the bad, should serve as a wakeup call for people that consider themselves part of the crypto community or even those who think they can just hodl some crypto, sit on the sidelines and watch. This is paradoxical considering the trustless nature of Blockchain, since making cryptocurrencies work requires communication, negotiation and ultimately governance. In fact, governance may be most important of all, as the canceled SegWit2x and the four-year scalability debate has shown. Even more ironic is that the crafting of a healthier ICO market may require anarchists to sit down with government officials.

So far, communication and the ability to work together is lacking in the cryptocurrency community. Instead, what we have are mysterious whales doing unknown things in the marketplace and Wild West pump-and-dump Telegram channels. Unifying voices are lonely and quickly drowned out.

While it’s probably wise to constantly look out for one’s own interest and reputation, it’s probably not wise to only look out for oneself. All who remotely care about the intermediate-term prospects of crypto would better serve themselves and others as both a member of a newly rising community and member of a new form of economy.

Community must unite

Bitcoin was born as a rebellion against the existing financial system. The roles of cryptocurrencies and tokens today are less clear. One way or another, as more money pours into coins, government action from different parts of the world is almost sure to follow. What will be the community’s reaction then?

At the end of the day, no one can stand alone.

🤷 Opinions
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Vaido Veek

Bitcoin & Cardano Are on the Triangle, Ethereum Has to Fight With Trendlines: Crypto Price Analysis Update, Sept. 17, 2018

Bitcoin is on the “descending triangle,” Ethereum has to fight with trendlines and Cardano is on the “ascending triangle”
Bitcoin & Cardano Are on the Triangle, Ethereum Has to Fight With Trendlines: Crypto Price Analysis Update, Sept. 17, 2018
Contents

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin is on the “descending triangle”

Over the weekend we moved sideways between the strong areas. Our resistance was the March low at $6,533 and our support was the April low at $6,425. We break downwards from the older counter trendline which is not so remarkable anymore because there are other and newer counter trendlines, but still it could be a small sign.

The weekly candle closes just below the round number at $6,498, so, Bitcoin took down two out of four major resistance levels between the $6,425-$6,533.

Remember we had two weeks ago the "engulfing" candlestick pattern which indicates that we could get another leg down but we didn't. So, this will show us a little bullish hold/momentum on the BTC chart and if you remember, in August, we had a pretty strong monthly candle close (let's say a sloppy "hammer") which could be the reason why we didn't fall further because this monthly candle indicates a little bullishness on the Bitcoin.

image

On the four-hour chart, Bitcoin has drawn a bearish chart pattern “descending triangle.” It is pulled from the bodies and soon, it is ready to make a breakout.

The triangle means that we have breakout opportunities to either direction, descending means that we have just a slight advantage to break downwards so, a candle close below the 'currently the main counter trendline' and below the April low level will be a sign that we go downwards (red triangle is the confirmation area). Bullish confirmation would be a candle close above the "descending triangle" and above the March low. Then we got bullish momentum from the chart pattern breakout and if we take down all the major resistance levels from this area then this could be another momentum sign. So, a close above the $6,533 could mean another leg upwards (green box on the chart) and a close below the counter trendline could mean another leg downwards (red triangle).

Ethereum (ETH/USD) has to fight with the trendlines

Overall, the altcoins show us a nice and steady climb upwards which will be a good sign for the whole market. Currently, like Bitcoin, Ethereum has to fight against the strong resistance. The Ethereum price is around $218 and just above us are two trendlines: the longer and smoother since April 1, 2018, and the trendline since July 29 (pulled from bodies). Those trendlines make a cross just above the current price, plus we have a 'naked' resistance area (orange box) and we approaching into the 100 EMA which starts to work as a resistance.

image

So, after we calculate those criteria we got a pretty significant resistance level. If we want to beat that then Bitcoin definitely has to make a breakout upwards from the triangle then the other altcoins could find the momentum and should follow this move upwards. If we don't catch this momentum then we might go and test the lower levels and the next supports are the orange area below us and the round number $200.

Cardano (ADA/USD) is on the “ascending triangle”

On Friday, we said that Cardano has attempted to break the resistance four times. Now, we have 10(!) failed attempts to break this round number at $0.07. We haven't got a four-hour candle close above the mentioned level so, we can say that this level is pretty significant if we want to see a bullish leg upwards but luckily, we have bullish sings.

image

Unlike Bitcoin, the Cardano shows us a bullish chart pattern- "ascending triangle." If we get a candle close above the round number and above the triangle then definitely, we see a nice bullish move because the price is pushed together and ready to explode.

If Cardano breaks this key level then you already know our targets but let's repeat those. Our targets are based on Fibonacci retracement levels (pulled from  and previous support levels: Sept. 5th-Sept. 12th):

  1. Around $0.08- as you see from the current example the round number starts to work as a resistance, in this area, there is also the Fibonacci retracement level of 38 percent and strong support/resistance area (red box).
  2. Around $0.089- in this area, we have a previously worked resistance level and the perfect Fibonacci retracement level of 62 percent.

If Cardano and the whole market don't find the momentum and if we get a breakout downwards from the triangle then we may go to retest the 'old' support level (from Sept. 12th) at $0.061. To secure your portfolio the selling sign would be a close below the triangle (at least four-hour candle close).

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