Connect with us

Altcoins

XET on a rise. Eternal Token Full Analysis

Published

on

The price of XET (Eternal Token) saw a huge surge in price with over 700% increase in just a few days. The Eternal Token is trading at $2.07.

Eternal Token- XET on a rise

The price of XET (Eternal Token) saw a huge surge in price with over 700% increase in just a few days. The Eternal Token was trading at $0.07 on September 24 and now it is trading at $2.07 which is an enormous increase.

 

XETUSD Price Chart

XETUSD Price Chart

What is Eternal Token?

Eternal Token, which is also XET and it Enters Top 100 With over 700% Weekly Growth.

Eternal Token (XET) entered into the market cap top one-hundred rankings for the first time with surging off the back of 646% weekly growth. This token launched in the mid-August and it is only listed on two exchanges, but that hasn’t slowed the momentum which carrying its 1,414% growth in the last fourteen days.

According to the information drove from the website, and the project’s BitcoinTalk announcement, Eternal Token- XET appears as a proxy token which entitles users to set a conversion ratio of XEC (Eternal Coin), it’s a centralized digital currency issued and overseen by the Japanese firm named- Atom Solutions.

A constraint ratio of conversion cannot be accurately pinpointed since various numbers exist in the various official documentation, which is ranging from 1:1 to 1:10. The idea is that Eternal Token– XET will be converted to the centralized XEC, which can then be used for international payments via exchange with existing cryptocurrencies.

The idea for this Eternal Token is to sold a helpful solution which allows users to keep track of their funds via a centralized authority – essentially a conversion center for crypto payments. But this raises a few questions like why is this initial issuance of XET necessary at all? Why users cannot convert their BTC or ETH to XEC and then use the service as described.

 

XET to Moon?

Over two weeks ago Eternal Token- XET was trading at $0.090469. With a fast forward in just a period of fourteen days and this token is worth $2.07. It’s the peak XET hit one morning at around 1,414% growth against the rate of the dollar. The token leveled off at $2.07, where it remained for the rest of Thursday.

In the past week, the flow has slowed down somewhat, equaling only 646% growth, and up from the weekly low of $0.183598. Volumes have almost risen by 1000% in the past week, up from $135,000 to today’s peak of $2.07.

 

Future of Eternal Token

Perhaps the launching of an ICO can garner more exposure than a simple product launch ever could, not to mention the fact that the teams now presumably have some R&D funds to play with. The Bitcoin Talk forum page is covered with some new accounts which are proclaiming the genius of this project; while also containing a few genuinely curious individuals, as well as all those yelling ‘scam!’ but that’s hardly unusual.

There are already, whispers of a dump is coming, as it is expected after such meteoric growth over the last two weeks. Whether the news about dump is actually hit or not, it’s probably too early to judge Eternal Token since many coins and tokens have started off under strange and abnormal environment, which is only to hang around through some kind of persistence.

 

Continue Reading
2 Comments

2 Comments

  1. Pingback: XET on a rise. Eternal Token Full Analysis - Satoshiuncle

  2. Pingback: XET on a rise. Eternal Token Full Analysis – The Coinage Times

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

Published

on

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

Continue Reading

Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

Published

on

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

Continue Reading

#Bitcoin

Bitcoin Cash Hard fork screwed the whole cryptocurrency market

Published

on

Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

Continue Reading

Trending