🕵️‍ ICO Watch Eric Eissler

Past-ICO Review: CPChain

👁 ICO Watch
IoT is hot and growing industry, but this token’s offerings are far from special, in fact, it appears not to serve much of a purpose
Past-ICO Review: CPChain

Cyber Physical Chain, in case you are wondering what CP stands for, wants to be the new killer app for the Internet of Things (IoT) in China and abroad. According to their website, “CPChain is a new distributed infrastructure for next-generation IoT. CPChain intends to build a fundamental data platform for IoT system in combination with distributed storage, encryption computation and Blockchain technologies, providing the whole process solution from data acquisition, storage, sharing to application.”

Financials

CPChain ran an ICO for what appears to be one day on Jan. 24, 2018, where it raised $30 mln. The initial token entry price was $0.32 on Jan. 30. At the start, the token price was rather volatile with many ups and downs within the first seven days of trading. After the seventh day, the token price fell to a low, where it continued downwards to the current price, at the time of writing of $0.037. The market cap is still a healthy $14.3 mln and the circulating supply is 376 mln out of a total supply of one token shy of one bln.

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Team

The team does not have profiles on LinkedIn. The short notes listed about them are taken from CPChains website.

Chengnian Long- CEO & Founder

“Dr. Long is a full professor and has many years of experience in the fields of cyber physical system security, Internet of Things, distributed intelligent system with Blockchain technology. He has published more than 80 papers in internationally renowned journals and conferences, and has more than 10 patents for invention.”

Bin Zhao- Co-Founder & CTO

“Dr. Zhao has more than 12 years research and development experience on communication, Internet of Things and fintech. Extended experience in management of R&D team. He has three patents on inventions in Internet of Things.”

Qingwei Shi - Co-Founder & COO

“Founder of the shared finance and HPB, participated in the preparation and investment of many projects.”

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IoT, Big Data, and more, oh my!

So what is Big Data and IoT all have to do with CPCHain? Well According to the website,

“The core feature of the CPChain is to realize the transmission of the value of cyber-physical systems. The main technology contribution is to propose a systematic scheme to address the scalability and real-time problems of Blockchain technology in IoTs from the perspective of data storage and computation, and consensus protocols, including parallel distributed architecture, two-layer hybrid consensus mechanism and lightweight side chain consensus protocol.” Looking at the roadmap, CPChain is still a ways away from getting its mainnet online, according to roadmap, we can expect a fourth quarter 2018 release of the mainnet. However, full implementation of the system will not be until 2020 if at best.

IoT, IDK

While IoT has a lot of potential, and we are seeing it more and more in industrial applications and at home, CPChain does not seem to offer anything that really sets them apart from the competition, nor anything that is groundbreaking. There is a token, but there are no details of how it will function or what purpose it serves. While the company has potential, there is just nothing that is standing out and it just falls flat.

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📈 Pricewise David Dinkins

Analysis of Past Bitcoin Boom/Bust Cycles Sheds Light on Bitcoin Price Prospects

Pricewise
Data suggests the current downtrend in Bitcoin’s price could be nearing an end, but there are also reasons to be skeptical.
Analysis of Past Bitcoin Boom/Bust Cycles Sheds Light on Bitcoin Price Prospects

Though the Bitcoin market is presently in turmoil, with ups and downs that resemble a yo-yo, since the December peak of nearly $20,000, there’s clearly been a significant downtrend. Mainstream media keeps saying the bubble has popped, with many outlets predicting lows of less than $3,000. But it’s possible Bitcoin’s past boom-and-bust cycles might tell us something about the downtrend we’re presently in, and how long it could last.

Redditor DamonAndTheSea helpfully composed a list of Bitcoin’s bull/bear cycles and calculated the length of time before the downtrend on each cycle was broken; his data can be easily verified on any Bitcoin charting site. Excepting the crash following the November 2013 boom, the downtrend following each Bitcoin bubble lasted on average 89 days and saw an average decline from peak price of 62%.

The current decline has gone on for 93 days and at the early-February low of $5,800, the market had retraced 70% of its high. According to this data, if we go by historical averages, Bitcoin’s downtrend should be nearing an end.

Mt. Gox

The data for the period following the November 2013 bubble is skewed because of the collapse of Mt. Gox, the biggest Bitcoin exchange at the time. Hundreds of thousands of Bitcoins were stolen, laundered through BTC-e, and sold on the open market. This depressed prices for years - likely far longer than would have otherwise been the case. Mt. Gox likely skews the data significantly.

Nonetheless, if include the bear market that followed the late-2013 boom, with its 600-day downtrend, the averages shift somewhat. In that case, the average length of the downtrend becomes 217 days and an average decline of 68%.

Different this time?

By these numbers, there’s good reason to hope that Bitcoin’s bubble has in fact bust - and that the market can soon start trending upward again. But that’s not necessarily the case. With the limited data available - only four boom/bust cycles on record - it’s impossible to extract any statistically significant results.

Moreover, a number of things are different about 2017’s bubble:


Wall Street - With big banks and institutions now involved in the Bitcoin markets, they could keep the market depressed for awhile if they wanted. These investors have extremely deep pockets and can push the market around, should they choose. It would be expensive, and risky, but could be done.

High Volume - Previous bubbles have only involved a few thousand or tens of thousands of people pumping up the price on relatively low volume (by today’s standards). Even accounting for so-called “fake” volume, the crypto-market involved much more money, many more people and a great deal more mainstream media coverage than past bubbles. More people invested more money, meaning that as the bubble deflates, more people get burned. It could be awhile before your average Main Street investor trusts Bitcoin again.

Regulatory Attention - This goes along with the last point; because the bubble was so large and affected so many investors, it’s called greater regulatory scrutiny down on cryptocurrency. It remains to be seen how global regulators will act, as some are calling for restraint while others are going for the jugular.

Altcoin Boom - Previous crypto bubbles have been completely dominated by Bitcoin. This is the first bubble cycle that significantly involved altcoins, and it did so in a big way. Many altcoins saw their prices rise 150 times their January 2017 price. Ripple even pegged a 400x gain year-over-year. More people became involved by buying speculative ICO tokens or “cheap” altcoins that aren’t necessarily good long-term investments. As the altcoin sector inevitably contracts in the face of a bust, and many projects die, ordinary investors are going to find themselves burned even worse, and will be that much more reluctant to participate in any future price recoveries.

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🤷 Opinions Darryn Pollock

Fashion Designer Sets Up Auction For Shirts Paying Homage to Vitalik Buterin

Opinions
Ukrainian Fashion designer, Anna K, has set up a cryptocurrency auction where the prize is a tee-shirt sporting the phrase: ‘Vitalik is my Sputnik’
Fashion Designer Sets Up Auction For Shirts Paying Homage to Vitalik Buterin

Anna K, a fashion designer at the age of only 22, is showing her appreciation for cryptocurrency, and in particular Ethereum. The Ukrainian designer is holding an open auction where anyone can bid for one of her 10 unique Buterin shirts.

The shirts say: “Vitalik is my Sputnik No I am not giving away ETH," in reference to Ethereum founder, Vitalik Buterin, and each bears a unique number and will feature a customized inscription of the winner's name. In total, 10 T-shirts numbered from 01 to 10 will be released.

One for Vitalik

K is a famed ‘Generation Z’ advocate, and obviously keenly interested in cryptocurrencies and the new world order they promise. She will be releasing an additional two T-shirts, one for Vitalik Buterin and herself.

The designer will present Buterin with his T-shirt at the ​Forbes​ magazine ‘30 Under 30’ summit in Tel Aviv, Israel in May. K made the ​Forbes​ ‘30 Under 30’ in 2017 in two categories (Youngest, and The Arts), and Buterin was listed in 2018 in the Finance category.

Anna K. will present Buterin with his T-shirt at the ​Forbes​ summit in Tel Aviv

Changing systems

As part of her deeper message in fashion, K admits that she sees fashion as a way to merge old and new, and sees similar qualities in things like Ethereum.

"I want to change the existing fashion system. Fashion in its purest form is a medium for dialogue between the young, creative and talented; however, now the industry is based on old capital and historic brands.”

“I am convinced fashion should correspond to the current lifestyle of my generation Z: crypto is now cooler than a skateboard! Vitalik Buterin and his project Ethereum inspires me; it's a revolution! That's why I decided to create a unique and limited collection dedicated to Vitalik and will present it at auction for ETH,” Anna K says.

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10 rounds

The auction will be held in 10 rounds, one round - one T-shirt. The first round of the auction will start on April 17 with the T-shirt bearing the number ‘10,’ the starting price for this T-shirt will be set at 0.1 ETH and the auction will last a day.

The final shirt will have an opening price of one ETH.

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📈 Pricewise Darryn Pollock

Cryptocurrency Market Turbulence is Behind Us; Keep Seatbelts Fastened and Remain Calm

Pricewise
Bitcoin tests an important support level at $10,300. It’s time for the bears to return to their dens.
Cryptocurrency Market Turbulence is Behind Us; Keep Seatbelts Fastened and Remain Calm

Let's start with the good news. It’s highly probable that on Wednesday we saw the end of the localized Bitcoin correction (and therefore, the entire cryptocurrency market correction). On  Feb. 22, the underlying asset arrived at better form than the day before. Although BTC price hasn’t fully rebounded from the fall, the impulse for the reversal has been given. Total market capitalization is $470 bln, which is nearly equal to the previous day’s value. Bitcoin dominance hasn’t changed either, remaining at 39.2 percent and likely to reach 40 percent soon.

Monero- an early sign of market growth

The current situation reminds us of the end of global correction on Feb. 5-6. While the market is just coming around, the early birds of future growth are already here. Monero became one of such precursors, having grown 7.5 percent during this difficult day and occupying the 11th position by market capitalization. The rest of the market is still in the red, with an average price decrease of three to four percent among the top 10 assets.

Positive mood and a special SegWit treat

The media is maintaining a moderately positive news cycle which doesn’t have a strong impact on prices, but also doesn’t prevent the market mechanisms from doing their work. Most outlets are discussing the necessity of cryptocurrency regulation in different countries, which is self-evident. The cherry on the cake is the launch of the SegWit protocol on Bitfinex and Coinbase exchanges, which should significantly reduce commissions and increase the speed of transactions on the Bitcoin network.

BTC/USD

Yesterday, we wrote about the possibility of Bitcoin's safe correction to $10,500, but the price went a bit further down to the $10,300 zone, where the strength of the ascending channel was tested. The support held, and we continue to move in the green corridor. This was a key level, its strength confirmed by two more instruments: the mirror level, as well as the 0.382 Fibonacci retracement.

Cryptocurrency Market Turbulence is Behind Us; Keep Seatbelts Fastened and Remain Calm

Judging by the decreasing sale volumes, the bears satisfied their hunger with a 13 percent price decrease and are ready to return to their dens. The emerging figure “head and shoulders” is somewhat alarming, but in order for it to be activated the price needs to return to $10,300, breaking the ascending channel. We don’t see this scenario as the primary one but continue to keep it in mind. In this case, BTC price can test the $9,800 level, formed by the boundary of the parallel channel the 0.5 Fibonacci retracement. A more likely scenario at the moment, however, is an increase toward the $10,800-$10,900 range, some lateral movement, and the second (and final) break through the resistance formed by the boundary of the descending channel.

XRM/USD

Recently, we have noted an increased interest in anonymous currencies in the crypto community, which includes Monero. To date, the asset looks better than the market as a whole, so it’s impossible to ignore it. At the time of writing, XMR is trading around $320, which is very close to fair price for the entire period since the beginning of 2018. The price is squeezed in a rather narrow ascending channel, but feels confident there and has already made a number of attempts to break through.

Cryptocurrency Market Turbulence is Behind Us; Keep Seatbelts Fastened and Remain Calm

We also took note of the initial purchase volume which contributed to the price increasing by 10 percent in a few hours. In our experience, such volumes indicate that big investors are growing long positions, confirming that the asset’s potential. The nearest growth target is determined by two Fibonacci harmonies and is set at the level of $350-$360. Further growth may be restrained by the mirror level, so investors who already have this asset in their portfolios might consider the possibility of partial sales. In case of negative development, at the moment the level of $280 looks to be a reliable support.

BCH/USD

Due to the activation of SegWit protocol on the Bitcoin network, BCH might be facing difficult times ahead. After all, low fees and high transaction speed were Roger Ver's main trump cards. In support of this prediction, the price of Bitcoin Cash has decreased more significantly compared to other assets and amounts to $1,300 at the time of writing.

Cryptocurrency Market Turbulence is Behind Us; Keep Seatbelts Fastened and Remain Calm

In this case, support was found at the 0.386 Fibonacci retracement, but trading volumes continue to decline and soon we may see a test of the 0.5 level, which corresponds to $1,200. The maximum volume for the period since Jan. 17 was traded at this price, and it’s critical for maintaining the growth potential. Given the current situation, we recommend readers to refrain from buying Bitcoin Cash.

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📈 Pricewise Vaido Veek

Bitcoin Price Consolidates, EOS Looking to a Rally, Cardano Climbing Up: Crypto Price Analysis, Sept. 4, 2018

Pricewise
Bitcoin moves sideways between the two strong levels and waiting for a breakout but which way?
Bitcoin Price Consolidates, EOS Looking to a Rally, Cardano Climbing Up: Crypto Price Analysis, Sept. 4, 2018

*** 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 possibly breakout opportunities

Currently, we are still between those two “resistance” lines (blue lines). To give you an indication where we might go then we have an “Inside bar” candlestick pattern (black lines from the wick).

We already have a higher close from this important candle but we need also a close above the wick, above the black line and if we get a close above $7,350 then we have two confirmations- breakout from the “Inside bar” main candle and break above the strong resistance levels.

If we lose the bullish momentum and we start to make a bigger pullback downwards then those confirmations are close below the Inside bar candle range ($7,200) and close below the trendline (black diagonal line).

image

If the market stays stable EOS may start to rally upwards!

From the last month, we got a nice "Hammer" candlestick pattern (bullish pattern), bounce upwards was from $4 and the close was $6.4. Last week EOS made a little bit over 30 percent growth (open $4.9, close $6.6) and it made a break above the major down-trendline. Currently, the weekly chart shows us also a very positive sign, we have a "Morning Star" candlestick pattern which will indicate bullishness. If Bitcoin and the whole market stays stable then we could definitely see some rally upwards because, we have two strong candlestick patterns on the higher timeframes - super strong sign.

image

On the four-hour chart the current price is above the EMA's (50,100,200) but if we want to move upwards then we have to take down the July low which is around $6.5 and above the July low is also a very strong resistance what you need to watch: the round number $7 and there are also old supports which now becomes a resistance. So, above us, you have to watch two levels $6.5 and $7. If we take those levels down then we may go almost straight to $10 because 100 & 200 EMA are pointed upwards and ready to make a death cross.

Cardano (ADA)- steady climb upwards

On the four-hour chart, Cardano shows us steady rise upwards. Now we have clean higher highs (HH) and higher lows (HL) which should be a positive sign. 50 and 100 EMA starting to cross which is also a good sign that the rise may continue if we see a bullish price action. Currently, the price is above the 50 and 100 EMA and above the round number $0.1. Those levels should start to work as a support.

image

If we drop a little bit lower than we could find a support from the minor trendline. So, if we find a support from this strong crossing area where EMA's, round number and the trendline meet each other and we start to go higher than our next resistance area is $0.113- there is the June low and possible higher high the road to the $0.113 could be a bit messy because we have to take down the 200 EMA on the four-hour chart.

Summary: Definitely EOS looks better than Cardano because Cardano, in the higher timeframes, doesn't look so bullish as EOS but at least ADA shows us some recovery with a steady grind upwards.

Hopefully, this helps you out a little bit to confirm your own analysis. Definitely, do your own research!

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🎓 Trading Guide Andrew Strogoff

Ethereum Trading Guide for Beginners

Trading Guide
Ethereum trading, main features of ETH, how to become professional trader and investor
Ethereum Trading Guide for Beginners

Ethereum is a platform for decentralized applications. The concept of this system was offered by Vitalik Buterin in 2014. Canadian developer positioned his project as an alternative Blockchain system with brand new tools for developers around the World. This is a complete Ethereum trading guide for beginners, which will help you to understand how to buy this crypto and what are the main aspects that influence Ethereum’s price.

Why Ethereum looks attractive for traders and investors

This system has wider tools as compared to Bitcoin. Main Ethereum’s idea is to provide businesses as well as individuals with reliable tools for transactions and their activities.

One of the most interesting feature of this network is smart contract. It helps parties to cooperate without mediators. Those smart contracts are autonomous and are executed automatically once parties meet all conditions, written in this digital “agreement”.

Ethereum has better scalability than Bitcoin meaning the higher speed of transactions and their lower fees. The project has an open source nature allowing businesses to create their own Blockchains.

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The key factors to influence Ethereum’s price

Ethereum is a decentralized network with no governmental body to supervise it or to affect coins’ price. There is no regulatory authority as compared to traditional markets where central banks have the right to issue currencies and to affect them by their decisions.

The only thing that matter here is the supply and demand. The higher the last is, the more expensive coins will be. Ethereum’s price has grown significantly since the first day but because of lack of liquidity, Ethereum remains volatile.

Cryptocurrencies’ trading is not an easy trip to do. You need to monitor several aspects in order to take a decision as they influence demand, which is crucial for Ethereum’s price. Here they are:

Experts’ opinion

Expert's opinion

This is one of the main factors that affect ETH’s cost. Those experts may be famous investors or developers from cryptocurrency community. Their comments are very important for traders and may result in huge price changes. It is to mention that Vitalik Buterin’s view is also a key factor that may influence Ether price.

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In addition, Ethereum’s cost is vulnerable to opinion towards the crypto industry in general. When some famous investors such Warren Buffet make statements related to coins, their price may rise or fall depending on the nature of comments. Please, notice that Buffet is strongly negative towards this industry in general in the moment of writing.

Deployment of technology

Ethereum is more than just a cryptocurrency as this platform allows users to make contract and create dApps (decentralized applications). This is one of the key factors of Ethereum’s success. The wider this technology will be spread, the more users it will attract and the more investments Ethereum will get in future. This may positively affect ETH’s price.

Ethereum’s popularity grows as this technology attracts attention of both businesses and consumers. Smart contracts, for example, offer the opportunity to conduct transactions without mediators. How do they work?

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Let’s see a simple example. A person wants to purchase some goods in an online shop. Before the appearance of smart contracts, buyers had to pay in advance and depended on banks. Smart contracts offer the opportunity to exclude all mediators between the business and its clients as they include all conditions of a transaction.

Let’s say a buyer purchase a keyboard online. He does all the necessary steps on the website. The funds, necessary to complete the transaction are frozen within the Smart contract, which includes the price of this keyboard, and the delivery conditions. Once the buyer receives the keyboard, he confirms the transaction and his funds are transferred to online shop.

Events and investors’ moods

Every professional trader and investor has seen at least one huge price drop irrespective of the market they trade. There was significant price falls on stock markets during 2008-2009 crisis period, provoked by investors’ panic and rumors.

In order to make Ethereum’s trading successful, you need to monitor all important events and predict investors’ reaction to them. Let’s say there are rumors that US government is going to strengthen measures towards exchanges. What will happen in this case with cryptocurrencies? They will likely to drop as such rumors lead to panic.

All bans and restrictions lead to fears and result in downtrends. However, when there are positive events, Ethereum’s price goes upwards.

Technology uniqueness

One of the main factors of Ethereum’s success is uniqueness of the technology. As we had mentioned it before, this system was created not only to support the inner cryptocurrency or to allow user to conduct faster and cheaper transactions as compared to Bitcoin, but also to provide businesses with wide range of tools to create different applications and to use smart contracts.

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Mining features

Ethereum is based on PoW (Proof of Work) consensus mechanism which means that new coins appear with new blocks. There are no emission limitations as compared to Bitcoin meaning new coins will appear endlessly. This is an important aspect meaning Ethereum has no inflation model inside of its network.

However, the head of the project has announced that he plans to change consensus mechanism to Proof of Stake. This will affect ETH’s price significantly as there will be no need to buy expensive hardware or to invest in cloud mining in future.

How this will affect Ether’s cost? There are different views. Some experts think that the cryptocurrency will drop as it is supported partially by miners nowadays. Once fired, they may turn their back to this coin and pay attention to those cryptos that offer mining possibilities.

Security issues

Ethereum’s security system is strong. However, some experts criticize it and compare with Bitcoin. BTC was created long ago. This cryptocurrency has also some serious issues. However, being the most popular, the first cryptocurrency is considered to be the most reliable one due to its powerful ecosystem and mining net.

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Ethereum’s net is “younger” and had survived less attacks. Some community members have doubts on reliability of this system if the number of attacks increases.

Ethereum trading and volatility

Ethereum trading and volatility

It is not a secret that Ethereum is a rather volatile cryptocurrency meaning it has a wide range of fluctuations. ETH/USD’s daily fluctuations may reach more than 30 percent. This is much higher as compared to traditional currencies.

Why Ethereum has such a huge volatility? The main reason is lack of liquidity meaning trading volumes are significantly lower as compared to traditional financial instruments including currencies, stock and even commodities.

It is to mention that the whole crypto market has these liquidity issues. This is a big disadvantage from one side as the risks of losing invested capitals are higher. However, for traders and investors huge volatility may also be a big advantage as they have an opportunity to earn more during the uptrends (or even downtrends when they do exercise margin trading).

Volatility is not a constant parameter. It may change depending on many factors including the popularity of this or that coin within the community. The more interest investors show to it, the more liquid it will be meaning the volatility will decline.

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Ethereum trading and Technical analysis

You can use both Fundamental and Technical methods when trading Ethereum. The first helps to understand the reasons of price fluctuations. Fundamental analysis is useful, but is not a simple one to conduct.

When you use Technical analysis, the only thing you need is the chart. You can place all sorts of indicators and other analysis tools there in order to understand the current market situation and coin’s perspectives.

Ethereum trading with Technical analysis requires knowledge of how those tools work and where to apply them. However, this type of forecasting method is much easier than Fundamental one.

How to start trading Ethereum

Before we end this Ethereum trading guide, we would like to underline the most important steps that everybody needs to do before placing his or her order:

How to start trading Ethereum

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