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Bitcoin will reach $25000, HODL your bitcoins

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Bitcoin will reach $25000, HODL your bitcoins

Learning how the cryptocurrency market is bound to rise even after the sluggish momentum

The cryptocurrency market is the most fluctuating one. The market rates can soar up unexpectedly within a few hours and also can drop down considerably. It is evident from the history that investing in the cryptocurrency world might be a good as well as a bad option at the same time. It completely depends on a number of market factors affecting the price and hence the cryptocurrencies are not to be blamed completely. The cryptocurrency market has been experiencing a bearish trend from past one month. This might be due to multiple reasons. FUD and major players pulling off from their investment are sighted to be two of the main reasons.

However, the most of the cryptocurrencies have broken their resistance barrier and are portraying the better side to the investors.

 

Bitcoin will reach $25000

Thomas Lee, head and co-founder at Fundstrat Global Advisors also agreed on the fact that the cryptocurrency world would be experiencing a lot of internal resistance and traditional hurdles on its way and hence he re-predicted the price of Bitcoin by the end of 2019 as $25,000 which he earlier had predicted to be around $36,000.

He furthermore explained that the prices can also be expected to go up. He told that his forecast was purely based on two factors affecting the Bitcoin price. The attraction of cryptocurrency community towards the centralized space as well as the increase in the number of users and investors in the field has left a positive response on the market.

 

Bitcoin trading volume has risen 4 times

According to another statistics, the Bitcoin trading volume has also been adversely affected. The trading volume has dropped by almost four times since late 2017 and until today from $4 bln to almost $1 bln today.

However, the long-term investors still seem to have a belief and expectation from the cryptocurrency market. According to a report submitted by a Blockchain analysis firm, Chainalysis is showing that the number of Bitcoins being held by the long-term investors has almost equaled to the number to the Bitcoins held by the short-term investors.

 

Ethereum

Ethereum has shown a bullish trend by recovering it’s last week’s dip of about $567 to the current value being $575 hovering around the $600 mark. However, cryptocurrencies like Tether and Ethereum classic have shown an uptrend by an increase of over 0.55% and 0.58% respectively.

At the beginning of the year 2018, the speculators had speculated the market price for Bitcoin by the end of the year. Anyhow they didn’t manage to revise their conclusion on observing the snow momentum that the currency gained due to a number of drop falls.

 

Investors are optimistic

The investors are probably so optimistic because they are expecting the entry of the institutional investors into the market. A number of major institutions are strengthening their base in order to influx huge amounts of money. Susquehanna International Group, an American global trading, and a technological firm are one of the major players preparing itself to open a Bitcoin futures trading in order to facilitate it’s small 500 clients.  

A number of Bitcoin price predictors in the market had predicted the higher price for Bitcoin by the end of 2018 but within and duration of past few days have reduced their prediction after they felt that the Bitcoin price had gained low momentum.

 

Bitcoin will rise above $33,000

The Bitcoin price prediction site, Finder had come up with a prediction of $33000 initially but after it weighted the opinions of the experts in the field last week it updated it’s prediction to  $14,638. Another stock analysis company named, Trefis also lowered its prediction from $15,000 to $12,000.

The cryptocurrency investments are highly risky because the market is very volatile due to its smaller market size. However, once the market gains a lot of active users and investors the market will gain some kind of stability and then the price predictions of the Bitcoin market would be more accurate. Also the belief that investors have in the cryptocurrency that the price will surely increase might be one of the reasons for the spike in the cryptocurrency prices because after all the cryptocurrency prices depend on people’s belief itself.

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Cryptonex Review. Should you buy CNX token?

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CNX token is the native asset of the Cryptonex decentralized exchange and the payment protocol. The CNX token has been seen rising from time to time.

Comprehending the entire functioning of the Cryptonex protocol.

Development of payment systems as the blockchain hysteria

Many payment systems came into existence, with the inception of Bitcoin, but the only a handful of them was able to sustain the competitive edge, linked to the exponential development in the crypto space. Payment settlement systems like MoneyGram or Western Union money transfer had been dominating the financial domain before the advent of cryptocurrencies, a post which they experienced a steep downfall in their business as the Blockchain technology had incentives the entire process and had made its simple. Therefore, the potential of Blockchain technology can be experienced by its use cases and applications. Ripple is one of the most popularly used cryptocurrency payment settlement systems. Let’s read about the Cryptonex Project and its native token CNX token.

 

What is Cryptonex?

It can be considered as a decentralized exchange, which entails its payment settlement system. Initially developed by, the Investment Financial Group, which intern specializes in software development and management for various varieties of financial risks, provides a great way to improve the efficiency of the system. One of the most essential features and aim of the project was to make the crypto to Fiat and vice versa conversions seamless. Its dedicated payment cards or mobile can be made use of to accomplish nearly instant transactions with a minimal fee.

 

How does Cryptonex function?

The Blockchain based initiative is not built upon the traditional ERC20 Protocol, but incorporate it on exclusive blockchain platform for its functioning. Dum keyword incorporates the cost-effective proof of stake consensus mechanism which in turn uses the scrypt algorithm. This would indirectly increase the total supply of CNX tokens by 12% every year. To take part in the Proof of Stake mining, the users need to download the entire desktop client and keep the wallet online for as long as possible. The miners are rewarded based on the stake they hold within the system. The decentralized exchange is still under constant development. No specific details about how everything works have been shed light upon by the developers.  

 

What is CNX?

CNX token is the native asset of the decentralized exchange and the payment protocol. The CNX token has been seen rising from time to time. The CNX token reached it all-time high in January 2018, where the price of the token reached up to $9.17. According to coinmarketcap.com, the current price of the CNX token is $2.18. The CNX token was made available to the public in October 2017. The total supply of the CNX tokens is fixed and accounts to 210,000,000 tokens. The fixed total supply would mark an increase in its value, as a direct consequence of the increase in scarcity of the coin.

 

How to buy CNX token? Along with understanding the wallet capabilities

The users, however, need a desktop wallet for storage of the CNX tokens. firstly the users need to register their respective wallets with the exchange and can buy CNX through significant Cryptocurrencies like Bitcoin, Ethereum, Ripple, etc or through Fiat deposits. the cryptocurrency wallet is capable of undertaking real-time transactions based on the real-time prices as it collects the data from various reliable sources. Interestingly, the wallet also is capable of converting one cryptocurrency to another in an integrated fashion. The future of the decentralized exchange is highly futuristic, as it provides a single platform to integrate myriad types of operations.

 

Future of Cryptonex

The payment protocol and the Decentralised exchange, entails one of the most notable features which is transparency. The blockchain protocol is open source in nature and all the inside workings of the exchange are not hidden from the public. It is also to be noted that various bounty programs, as well as referral rewards, are kept aside, in the form of CNX tokens by the Cryptonex platform, so that sufficient incentives are provided to the users to keep them attached with the exchange. There is not much scope in the price surge of CNX Tokens.

 

Note: The following points are the views of the editors and may not be considered as an advice for investment in any of the digital assets such as Cryptonex or CNX. The cryptocurrency market is highly volatile and the investment in such assets is subject to market risks.

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Golem: Is it worth Investing now?

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Golem provides the means to bridge the distance between software and hardware making sure the needs of the users are met without any disruption.

We all use computers for various reasons ranging from academics, entertainment to professional usage. At the current changing technological world there are numerous professional works that require huge amount of computational work. Golem is an open sourced supercomputer aimed at solving this.

 

What is golem?

It is a supercomputer that is aimed at solving the problems faced by professionals and individuals who require huge amounts of computational load and more than one computer system to work with.

Business entities or we buy computer with specifications that satisfies our requirements. But there are various works done by professionals that require huge amount of software, hardware and of course data centres to store the data that they have worked on. Usually in occasions like this people use third party services like Google, Amazon, etc. for cloud computing. Golem aims at letting the users attain their full potential at work without the interference from any third-party services allowing the users to have decentralized supercomputer network.

 

How does Golem work?

Golem is a decentralized supercomputer platform where for example a user who is into huge animation works requires computer hardware and software to handle the graphic load and store data too without having to buy a whole new computer system, during occasions like this golem allows the user to put a request for computer parts of software or both as per their requirement onto the golem platform and golem in turn puts up this request among lenders who have their computer parts or software or both sitting idle or for sale.

This information after it reaches the lenders, they verify and validate the user who put up the request and if they see potential in the user and if it interests them then the user and the lender are allowed to have peer to peer connection. This allows the lender to rent his computer system or parts or software to the user at the price fixed and after usage the payment is made to the lender by the user in the form of cryptocurrencies, mostly being bitcoin. This way the lender can make money out of their unused or idle system and the user can complete their work without buying a whole new system too.

 

Understanding the peer to peer connection before making investment in golem

To invest in new technological trends, it is always best to first understand how it works. There are three parties involved in golem, they are the users, providers and the software developers.
When the user puts up their request for computers or parts of software, this request is sent to the lenders (computer providers) and if the lender accepts, then this request is accepted and sent to the golem infrastructure in terms of hardware and after the software developer accepts this request to use their software, the request is sent to the golem application platform where the hardware and the software required by the user is put together and sent to the user for their use.

After usage, payment is made to the provider and the software developer by the means of cryptocurrencies through golem network tokens in the form of bitcoins.

 

What do you need to have before using golem?

Just a system with a downloaded golem software platform and some cryptocurrencies to transfer.

 

Is Golem promising for investment?

Currently the world is evolving at a rate where the technological opportunities is higher than the rate at which the human race is adapting to it. The software is leading the hardware capacity. Software programs that are being built to make life easier, better and more entertaining are developed at such an efficiency that the hardware systems are not being effective or sufficient enough.

Golem provides the means to bridge the distance between software and hardware making sure the needs of the users are met without any disruption or any third-party involvement by providing a direct peer-peer connection.

The opportunities that lie for golem in the fields of information technology or data centres or artificial intelligence or machine learning, etc. is huge as all these works require huge computational power and golem provides the platform to satisfy this need without any huge expense from the user’s pocket and also simultaneously allowing the lender to make money out of their unused or idle systems.

Currently the gap between software and hardware are being met but at a very slow rate thus making the work completion delay too for the users. In the future if there is no solution to bridge this gap faster, it would result in increase of the gap making all software programs not reaching their full potential thus increasing the latency time of human race to reach their full potential in evolving their skills too. If you are looking for an opportunity to invest in technological platform that makes life faster for the better and more entertaining, I would say investing in golem is the smart choice to invest for a better future.

 

Note: All cryptocurrency investments are very risky and this article does not provide, in an form, an investment advise. It is solely the opinion of the writer and you are required to do your own research before investing in any cryptocurrency.

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Blockonix BDT Token: Listed on LAToken Exchange

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The native Blockonix Token (BDT) is now trading on LAToken exchange in BDT/ETH and BDT/BTC pairs. LAToken confirmed the same with a tweet on September 18th.

BDT Token now trading on LAToken Exchange

The native Blockonix Token (BDT) is now trading on LAToken exchange in BDT/ETH and BDT/BTC pairs.

LAToken confirmed the same with a tweet on September 18th.

The BDT Token

BDT Token is one such cryptocurrency token which can be considered worth investing in, as it is the native token of the most decentralized and secure blockchain exchange in the crypto domain, Blockonix. The decentralized cryptocurrency exchange predominantly is vested with the trading of the hundreds of Ethereum based tokens, with a very nominal fee of about 0.1%. The transaction fees are collected in the form of Ether and which are in turn exchanged with the BDT Tokens, the resulting BDT Tokens are then permanently destroyed, by sending them to a burn address. This would automatically create a scarcity of the BDT Tokens which would indirectly result in the increase in its value.

 

Further advantages of BDT Tokens

In addition to the very low transaction fee, an added advantage is availed by the users, if they choose to use the native BDT Tokens in order to undertake the trading operations on Blockonix. 70% discount will be offered on the transaction fees. It is worth noting down that the fees, that would be collected would, in turn, be utilized for the development of the community and the blockchain platform and not for a lavish personal use. The low transaction fees are enough to maintain the system, as security is incorporated intelligently through its decentralized nature. BDT Tokens are highly popular and are in demand, and is to be listed on some of the major cryptocurrency exchanges across the world.

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