we are open for additional concrete information and comments from your Project.

hello@cryptocomes.com (it was pointed for twiiter and fb reply)

Crypto Markets in Green, Bitcoin, Altcoins in Correction Mood: Price Analysis, May 30



Bitcoin and other major cryptocurrencies are in correction on Wednesday. Bytecoin is day’s leader

Crypto market is in green on Wednesday. All coins from the top 20 are in correction having positive moods. Is it a complete reverse or just a bullish correction on the eve of an even greater decline?

We don’t think that the crypto industry has changed its mind and reversed with no significant reason. It seems to be a correction as market players are bored of this downside tendency already. They wanted some air to breathe. However, there is one important event that is to be mentioned. South Korea is ready to reverse ICO’s ban. This event is important for the whole industry and is one of the reasons for the current correction.

As for other news, there are no important ones to affect the markets significantly. However, we would like you to pay attention to the following aspects. First, Chinese security Giant 360 has found vulnerabilities in EOS system that lead to possibilities of execution of  arbitrary code on any EOS node. This event had almost no impact on EOS as the cryptocurrency added nearly 10 percent on Tuesday-Wednesday.

Bitcoin (BTC/USD) Price Analysis, May 30




Bitcoin has started a bullish correction finally. BTC price is above the midterm descending trend line. The goals at $6,510 are still actual, but they may be reached after a correction only. However, fundamental factors like ICO’s ban reverse in South Korea may break midterm downside scenario.



Let’s have a closer look at BTC/USD within Fibonacci formation. The currency pair follows the orange scenario in the moment of writing. BTC price has crossed $7,199 area on Tuesday and reached the resistance area at $7,565, which coincides with 1.618 retracement level.

What are the possible ways for Bitcoin in the next 24 hours?

1. Orange scenario. BTC price will jump off the current resistance area at $7,565 and move towards the support area at $7,199. If sellers will be able to break this support area out, there is a possibility of red scenario below $7,199.

2. Green scenario (deeper bullish correction). Bitcoin will cross $7,565 resistance area and move higher targeting one retracement level, which coincides with the next resistance area at $7,949.

We think that Bitcoin is likely to develop its correction on Wednesday.

Ethereum (ETH/USD) Price Analysis, May 30



Ethereum added over seven percent in the past 24 hours as the currency pair has started a bullish correction finally. ETH/USD has crossed the midterm descending trend line and fluctuates above it. The currency pair is still in the downtrend, but this bullish correction may be deeper depending on levels that ETH price will approach and cross.



Let’s get down to Fibonacci and see what perspectives ETH/USD has in the nearest future (in the next 24 hours, to be more exact). The currency pair jumped off 3.618 retracement level on Monday-Tuesday and moved towards 2.618 retracement level, which coincides with $566.90 resistance area.

What are the possible ways for ETH/USD in the next 24 hours?

1.    Red scenario (bearish). The currency pair will end the correction close to the current level and reverses downwards targeting the red midterm descending trend line and 3.618 retracement level (which is the closest support area currently).

2.    Orange scenario (neutral). Ethereum will move towards the closest resistance area at $596.08 and reverse there to reach 2.618 retracement area. This is a neutral scenario as the price will stay within the current range.

3.    Green scenario (bullish correction). Ethereum will reach $596.08 resistance area, cross it and run higher, towards 1.618 retracement level, which coincides with $626.66 resistance area.

Ripple (XRP/USD) Price Analysis, May 30



Ripple has added more than eight percent in the past 24 hours meaning the crypto is in a deeper correction currently. XRP/USD has successfully tested another local descending trend line and fluctuates above in the moment of writing.



Let’s see what is going on the hourly chart within the Fibonacci retracement indicator. XRP price has crossed $0.5914 resistance area and even tested it from the above. Bulls were able to hold their lines and to move XRP/USD even higher towards $0.6216, which coincides with 1.618 retracement level.

That we see now is the attempt to test this level again. Let’s look through the possible ways for XRP/USD:

1.    Red scenario (bearish). XRP/USD will move towards $0.5914 and cross this area targeting 2.618 retracement level. The red scenario is also possible via Orange one (meaning XRP/USD will reach $0.6216 again, jump off it and then fall below $0.5914).

2.    Orange scenario (neutral). Ripple will retest $0.6216 resistance area and reverse downwards targeting $0.5914 support area.

3.    Green scenario (bullish correction). XRP/USD will break through $0.6216 resistance area targeting $0.6515 resistance area, which coincides with one retracement level.

Take a look at EOS (EOS/USD) and Bytecoin (BCN/USD) Price Analysis, May 30

Past-ICO Review: Finney, the Blockchain Phone Ahead of its Time?



The Blockchain-powered phone is here, but is the world ready for it?

Sirin labs have used Finney as an ICO to raise some massive funding to run a project on Blockchain-powered devices such as smartphones and computers, citing that traditional operating systems are vulnerable to hacking and leave users exposed to risk.

Finney is the name of the smartphone that is currently in development, and in April 2018, it was announced that electronics manufacturer Foxconn will work with Sirin to produce the phone.

There is another Blockchain enabled phone called Solarin and ultra-secure Blockchain phone and Sirin labs have an all-in-one Blockchain computer.

For the purpose of this article, we will stick to Finney only.

By the numbers

The Finney ICO raised some $158 mln during the massive buying fest that was in December 2017; Dec. 12-25 to be precise. The Sirin Labs’ token (SRN) debuted at $0.90 and subsequently plunged to $0.32 per token, a loss of 64 percent of value.

While the idea of a Blockchain-powered phone is novel, will there be mass adoption of the technology that fast?

The Finney phone is sold via Sirin Labs’ website for $999, which is rather expensive, but the newer iPhones are in a similar price range. However, its advanced big brother, Solarin, is selling for a whopping $13,200! That is not a typo: Thirteen-thousand two-hundred dollars. 

Phone features

Finney, Solarin and the all-in-one computer will all be powered by IOTA’s Tangle technology. The following are features that will be found on the Blockchain-based phone.

Blockchain Features

- Shield OS:

- Secure P2P resource sharing

- Built-in cold-storage crypto wallet

- Distributed Ledger Consensus

Sirin Labs Cyber Protection suite

- Behavioral-based Intrusion Prevention System (IPS)

- Blockchain-based, full tampering proof

- Physical security switch (for wallet protection)

- Secured communications (VoIP, text, email)

- Three-factor authentication: Biometric, Lock Pattern, Behavioral

Phone specs

- 5.2-inch QHD Display

- 256GB of internal memory storage

- 8GB RAM

- Wi-Fi 802.11ac

- BT 5.0

- 16MP Main camera

- 12MP Wide-Angle selfie camera

Furthermore, Sirin Labs plans to deliver a “decentralized app store run by the community” where “cost-bearing apps are based on a secure P2P resource-sharing system, which distributes fees between users and developers.”

However, which community are they talking about? This leaves a lot of questions to be answered.

Lofty sales goals

While the media has been relatively quiet about the Finny phone, it was announced in April that the Switzerland-based company said that it’s already received more than 25,000 pre-orders, and hopes to sell between 100,000 and a few million units in 2018.

Further down the line, the plan is to license its tech to other hardware brands; Sirin is said to have been in talks with Huawei about that. Foxconn is the manufacturer of Apple’s iPhone and Sirin Labs had stated that the phones should be shipping out in October of this year, putting them well within striking distance of hitting the goal of selling almost a few million units. 

The Blockchain phone ahead of its time?

While it is hard to say whether the world is ready for a Blockchain-based phone, many people think Blockchain is only Bitcoin, it does have some unique uses.

Should the company be able to achieve their goal of selling more than one mln units, then there could be some support for the phone and the continued manufacture of it. But if Sirin Labs does not sell their intended number of phones to reach their goal, then the phone was ahead of its time and the market was not there.

This will be a continuing story as we await the release of the phone in October and see if a Blockchain phone is really something the masses want to buy.

You may find other Past ICO Reviews HERE

It's good to hear it! we're following the project and ll make a further review

Guys, take a look at Past ICO Review from CryptoComes: SONM From Russia with Love Red Flags

David Moss, senior vice president of Tech Operations at Block.one, the open source software publisher responsible for the EOSIO launch


EOS Security Vulnerabilities: David Moss of Block.one Responds to 360 Report

Bitcoin, Ethereum, Ripple Still Falling, Cardano Surprisingly Grows: Price Analysis, May 29



Bitcoin and other major cryptocurrencies are still looking for support while Cardano surprisingly rises

There is two news today– both bad and good. The bad one is that Bitcoin, Ethereum, Ripple are still going down without any sign of a reversal. The good one is that they have slowed down their downside tendencies. However, no one can say for how long.

Psychologically, the crypto industry is still bearish. There is no a single event to help bulls to break this negative tendency. Bears continue to dig themselves deeper into the ground, establishing new lows almost every day.

As for crypto news, there are some interesting events to mention. The South Korean Bithumb exchange has banned traders from 11 Non-Cooperative Countries and Territories including Iraq, Iran, Bosnia and Herzegovina, Tunisia, Trinidad and Tobago, Vanuatu, Yemen and others. The other interesting event for the cryptocurrency community is that six companies in Japan have opened crypto exchanges on the Tokyo Stock Exchange.

The fundamental outlook, however, is still negative. Hodlers and buyers are still waiting for some good news to come.

Bitcoin (BTC/USD) Price Analysis, May 29



Bitcoin is still going along the red midterm descending trend line and shows no sign of recovery. The currency pair established new lows on Monday meaning sellers still have control over the market. BTC/USD seem to aim at $6,510 in midterm.



Let’s have a closer look at what is going on the hourly chart. BTC price has jumped below the $7,199 support area and is trading there currently. Bitcoin has chosen the red scenario (bearish) on Monday. BTC/USD slides down along the red midterm descending trend line.

Possible paths for Bitcoin are the following:

1.    Red scenario (bearish). BTC/USD will continue to fall without any significant correction or after a correction towards the closest resistance area at $7,199. The closest targets for BTC/USD are 2.618 retracement level and the support area at $6,943.

2.    Orange scenario (neutral). Bitcoin will jump over the closest resistance area at $7,199 and move higher targeting the next resistance area at $7,565, which coincides with 1.618 retracement level. Once those targets are reached, BTC/USD will reverse towards $7,199.

3.    Green scenario (bullish correction). There are still chances that buyers will be able to make a kind of a correction. BTC price will reach $7,565 and move higher targeting the $7,949 resistance area, which coincides with one retracement level.

Ethereum (ETH/USD) Price Analysis, May 29



Ethereum has lost nearly two percent in the past 24 hours, meaning the currency pair slows down its downside tendency. There is a possibility of a bullish correction. However, ETH price still stays below the descending trend line and we have a general downside tendency. Midterm outlooks still negative. The price is able to reach $453.24 support area at least.



Let’s have a closer look at ETH/USD’s hourly chart situation. The currency pair has reached the support area at 3.618 retracement level and has fallen back from there. It seems that Ethereum goes towards the closest resistance area at $566.90, which coincides with 2.618 retracement level.

The possible scenarios for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will fall from the current levels or from $566.90 towards 3.618 retracement level and then lower, towards 4.236 retracement level, which coincides with $473.39 support area.

2. Orange scenario (neutral). This one is similar to a red variation, but ETH price will not break through 3.618 retracement level and jump off it.

3. Green scenario (bullish correction). ETH price will follow the orange scenario until $566.90 resistance area and then will break it through targeting $596.08 resistance area.

Ripple (XRP/USD) Price Analysis, May 29

Ripple has left the midterm descending trend line, but we have drawn another short-term one as the currency pair still follows a downside tendency. XRP/USD has lost over two percent in the past 24 hours. Ripple’s downtrend slows down, but it is still in place meaning bears control the market. Midterm outlook still negative. The currency pair is able to reach $0.5000.



Let’s have a closer look at the hourly chart situation. XRP/USD has reached new lows on Monday and touched $0.5444 support area. The currency pair jumps off this level later and crossed 2.618 retracement level as a part of the bullish correction.

The possible scenarios for XRP/USD are the following:

1. Red scenario (bearish). The currency pair will jump off $0.5914 resistance area and move lower aiming at 2.618 retracement level. The second target for the bears lies at $0.5444 support area.

2. Orange scenario (neutral). XRP/USD will rise towards $0.6216 and reverse towards the current support area at $0.5914.

3. Green scenario (bullish correction). The currency pair will move towards $0.6216 and cross this resistance area aiming the next one, which lies at $0.6515.

Take a look at EOS (EOS/USD) and Cardano (ADA/USD) Price Analysis, May 29

Chinese IT-company has spotted serious breaches in the EOS network



The engineers of 360 wrote on the popular Chinese social media Weibo that through some of those vulnerabilities it is possible to remotely execute an arbitrary code on any EOS node.

In other words, through remote attacks, it is possible to gain control over the whole EOS system.

360 already informed EOS management. Taking into account that there are just a couple of days to go before the mainnet launch, this could seriously change the platform’s plans.

However, according to the company officials, the EOS mainnet will not be switched on until these problems are eliminated.

Dangerous Blockchain breaches

The presence of security breaches in virtual currencies can have a worse impact than when it comes to ordinary software. On a fully decentralized platform like EOS, a vulnerability attacked in one node can influence the whole network through the interconnected nodes so that thousands of computers will be attacked.

Hackers responsible for those attacks can send a smart contract infected with a virus across the whole platform.

Various other negative consequences can follow unless these issues are fixed as quickly as possible.

CryptoComes has contacted the EOS officials and asked them to clarify the situation and how they are proceeding with solving the unexpected problem.

https://cryptocomes.com/eos-platform-vulnerabilities-detected-by-360-chinese-internet-security-giant

Past ICO Review: TenX Puts Crypto on Debit Card, Hodlers Beware



Spend crypto with a debit card and an app but what about the fees?

TenX is making crypto more of a tangible payment system by creating actual debit cards that are linked to a TenX wallet.

The company has a forthcoming banking license in the works and intends on taking its everyday payment system mainstream. With technology like this, it is surprising that the company did not raise more in its ICO; it raised $80 mln, which is still a substantial amount of capital, but for the innovative service it is offering, it is surprising that it was not able to garner more support.

The token started out strong, entering the market at $0.83. The TenX token has been on a steady decline since its release with an all-time high of $5.26 during the 2017 December rally down to $1.01 as May 2018 closes out.

The token price might not go to the moon, but the debit card might end up in a few wallets.

Who is using it?

While it is a step in the right direction to get crypto to become more of a mainstream and daily use commodity, there are still the Hodlers out there, who are seemingly never going to spend their crypto. This technology would not appeal to them.

However, for the people who do want to spend crypto TenX provides that service via a debit card and an app. TenX’s motto is: “At TenX we work on making any Blockchain asset spendable instantly.”

TenX works with credit card providers to connect the COMIT transaction network to a payment card, allowing you to quickly and safely convert cryptocurrency funds into card transactions.

Currently, TenX supports Bitcoin, Dash and Ether, but the system is capable of supporting most Blockchain assets and the company plans to expand offerings in the future.

Conversions, fees, the general cost of doing payments

While the idea of using crypto is novel and exciting for many, there are a variety of fees that, to many consumers, would be off-putting.

When you can use your debit or credit card to do the same thing for free, why would you want to pay the fees and have crypto conversions to another crypto and then into fiat? Therein, lies the biggest problem.

There are too many conversions and too many associated fees and costs. While the site states that there are zero percent conversion fees, there are surely costs, but they are being absorbed by the company.

TenX does offer an incentive, similar to what the credit card companies do, but users get a different incentive than cash back or points.

TenX distributes tokens in the amount of 0.1 percent of purchases. Additionally, a reserve of 0.5 percent of the payment volume on the network is periodically distributed to holders of PAY tokens in proportion to their holdings. TenX plans to distribute this incentive monthly at first, with hopes of increasing distribution frequency in the future.

Looking into it further, there is discussion on Reddit on who is using the card, and it seems many people are using it in Australia successfully. There appears to be no public information on how many users TenX has.

We can only assume some pilot programs are running around the world with limited numbers of people signed up.

Building base, gearing up

While the company has some innovative ideas on how to spend almost any crypto via debit card and app, there will be competition from the likes of Bitpay and mainstays such as Visa and Mastercard, if they get into the crypto payments game.

There could be a lot at stake, but without risk, there is no reward.

You may find other Past ICO Reviews HERE

you're welcome!

Bitcoin, Ethereum, Ripple, EOS Start This New Week in Red: Price Analysis, May 28



Red again: cryptos start this week in negative area, establishing new local lows

The cryptocurrency market is still unable to stand up after a shocking knockout. There were some positive attempts on Friday, but the price stood neutral during the weekend and started to decline on Monday. There is still no news to awake cryptos as they continue to slide down their trend lines like snakes.

We have two conferences on the way- Blockchain & Bitcoin Conference Australia as well as Bitcoin meetup. The last to take place in San Francisco, US. Those events may cause some positive changes, but it is still too early to analyze them.

Regardless this general negative scenario that is unfolding now in the crypto market, there is some positive news coming from different regions regarding the expansion of cryptocurrencies into the real economy. Bitcoin is now accepted by Stormy Daniels’ adult website and may be used to pay utility bills in the Czech Republic. As for Ripple, this crypto is now available for Stock app users.

Bitcoin (BTC/USD) Price Analysis, May 28



Bitcoin is still unable to get off the ground as BTC price continues to slide down the trend line establishing new lows. There are no significant losses in the past 24 hours as BTC/USD falls less than two percent.



The currency pair managed to cross the descending trend line on Friday and followed the green scenario. BTC/USD reached 1.618 retracement level, which coincides with $7,565 resistance area. However, later Bitcoin resumed declining and reached the descending trend line. The possible scenarios for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $7,199 and move below it developing downside tendency.

2. Orange scenario (neutral). BTC/USD will jump off the current support area at $7,199 and move upwards targeting the closest resistance area at $7,565, which coincides with 1.618 retracement level.

3. Green scenario (bullish correction). The currency pair will go towards $7,565 resistance area and break it through aiming the next resistance area at $7,949.

We think that neutral scenario has more chances to develop. However, bullish correction towards $7,949 is also possible.

Ethereum (ETH/USD) Price Analysis, May 28



ETH/USD has lost over eight percent in the past 24 hours. It is still below the descending trend line meaning bears dominate the market. There is even not a single sign for future reverse as ETH price is unable to cross this midterm trend line.



Let’s have a closer look at what is happening on the hourly chart within the Fibo retracement. ETH price jumped off 3.618 retracement level several hours ago and seems to start a bullish correction now. ETH/USD followed orange scenario and reached $596.08 resistance area. However, later the price declined towards the support area at $566.90.

The possible scenarios for ETH/USD are the following:

1.    Red scenario (bearish). The currency pair will go towards 3.618 retracement level and break it through.

2.    Orange scenario (neutral). Ethereum will go towards the descending trend line and the closest resistance area at $566.90. Once this area reached, ETH/USD will reverse downwards.

3.    Green scenario (bullish correction). The currency pair will reach 2.618 retracement level and red descending trend line, break the through and go higher aiming at the closest resistance area at $596.08.

The neutral scenario has better chances to develop.

Ripple (XRP/USD) Price Analysis, May 28



Ripple has lost nearly six percent in the past 24 hours. The currency pair is above the descending trend line, but bulls still seem to be unable to change the situation significantly as XRP price continues to slide down.



Let’s have a closer look at the situation on the hourly chart. Ripple followed the orange scenario during the weekend but started this new week with a serious decline. XRP/USD managed to fall towards 2.618 retracement and established a new local low.

Possible scenarios for Ripple are the following:

1.    Red scenario (bearish). Ripple will develop its downside progress targeting new local lows.

2.    Orange scenario (neutral). XRP price will run towards the closest resistance area at $0.5914. XRP/USD is likely to reverse afterwards.

3.    Green scenario (bullish correction). XRP/USD will reach the closest resistance area at $0.5914 and cross it targeting the next 1.618 retracement area, which coincides with $0.6216 resistance area.

The neutral scenario seems to have better chances on Monday.

Take a look at EOS (EOS/USD) and Zcash (ZEC/USD) Price Analysis, May 28

Past ICO Review: Filecoin the True King of the Crypto Hill



While Filecoin raised the most out of any ICO to date, its technology is not novel and it will face competition

...And that hill is the pile of cash it sits on valued at $257 mln raised in its ICO which ran from Aug. 10, 2017 to Sept. 7th, 2017. It had a funding goal of $40 mln and its initial token price was $5. The token has done well, doubling to $10.67 which is an ROI of 113 percent if you got in for a five spot.

Decentralized storage

Blockchain is all about decentralization, it is about keeping what is yours, yours, by breaking it apart and giving it to various strangers around the world to hold onto. This sorta sounds like and Indiana Jones’ adventure.

By decentralizing, you are keeping your data safer than if it were all stored in one central location. If the hackers breach security at Google, then your drive contents are going to be compromised.

If you cut your data up and disperse it, it will be a lot safer.

However, that comes with its own downside, if you lose your encryption keys or passwords, your bits of data are going to be lost forever, untraceable and unclaimable. While it is not a new idea, Filecoin has won over investors with well-planned marketing strategies, which are ever so important in the 2018 ICO sphere.

Filecoin is a project that was started by Protocol Labs, which has a mission to develop tools for the Internet.

Their belief is that the Internet is humankind’s most important invention and their intention is to develop advanced tools to develop and assist society.

There are 15 core members of the team, too many to list here, and more than double the number of contributors working with Protocol Labs.

Note that not all these individuals work on FileCoin. Filecoin is only one of four other projects the company is currently developing.

IPFS as opposed to HTTPS

Perhaps you have not heard of Interplanetary File System (IPFS), which is a developing technology to replace the current Hypertext Transfer Protocol Secure. Here is a quick lesson on what IPFS does when you add a file:

- Each file and all of the blocks within it are given a unique fingerprint called a cryptographic hash.

- IPFS removes duplicates across the network and tracks version history for every file.

- Each network node stores only content it is interested in, and some indexing information that helps figure out who is storing what.

- When looking up files, you're asking the network to find nodes storing the content behind a unique hash.

- Every file can be found by human-readable names using a decentralized naming system called IPNS.

Enter the Gladiators

While Filecoin is pretty neat, raised a ton of money, and has a great team behind it, it is entering a market with many competitors.

Filecoin is not a one-and-done solution, if someone can do the same work for a cheaper price, then well you know the story; they are going to go for the cheaper price.

It looks like 2018 and beyond will start to see the successful ICOs battle it out for market control in the new emerging blockchain economy. The second half of 2018 and well into 2019 and beyond will see a rise in competition among the providers of similar services.

It will be an interesting time to observe how these companies compete and how it affects token prices.

Furthermore, and what is most important is that these companies first get the products or services on the market before we can start to see the business plan in action and if this token-based model can compete with the companies on wall street.

You may find other Past ICO Reviews HERE

ICOBench says 53 M $

and as I said offcial thread of MobileGo pointed 53 M $ too

Who to trust?)

Bears Tired as Bitcoin, Ethereum, Ripple in Green: Price Analysis, May 25



Cryptos breathe fresh air as Bitcoin and altcoins are in green Friday

Sellers seem to lose their momentum as all the “majors” from the top 20 feel much better today. It is still not a complete reversal as negative moods prevail the markets. However, we can see a deeper correction and even a horizontal consolidation is possible.

What is going on within the crypto industry currently? The “majors” are still under the pressure as bulls are hesitating. However, bears seem to be “tired” meaning there is no clear direction currently. The disappointment from Consensus 2018 conference goes away gradually as we have several important meeting on the way including BlockShow Europe, which is to take place in Berlin (Germany) on May 28, 2018 as well as Blockspot Conference Latin America, which will take place in Sao Paolo on the same day.

Technically, bears are still building their downtrend Great Wall and bulls seem to be unable to break it currently.

Ethereum has added nearly four percent in the past 24 hours. Ripple was more modest as this crypto grew by nearly two percent. The first coin had almost no price changes in the past 24 hours.

Bitcoin (BTC/USD) Price analysis, May 25



Bitcoin still holds negative moods in general and BTC price is below the red descending trend line on the hourly chart. BTC/USD went on correction yesterday and reached this trend line. However, buyers are still unable to make a difference. We think that this negative tendency is likely to prevail in general in the next several days.



Let’s have a closer look at what is happening on the hourly chart within the Fibonacci retracement graphic tool. BTC price is still below the red descending mid-term trend line. BTC/USD reached the trend line yesterday within a correction, but bulls were unable to change the situation significantly as Bitcoin goes down for the last several hours. BTC/USD has reached the closest resistance area at $7,565, which coincides with 1.618 retracement level but failed to develop its upside progress.

The possible scenarios for BTC/USD are the following:

1. Orange scenario (bearish). BTC price will develop its current downside tendency without any correction. Bitcoin will likely establish new hourly local lows in this case.

2. Red scenario. (bullish correction). The currency pair is going to reach the red descending midterm trend line and jump off it.

3. Green scenario (deeper bullish correction). Bitcoin will follow the red scenario first. If buyers are successful in breaking through the red descending midterm trend line, they will be able to develop upside progress targeting 1.618 retracement level, which coincides with $7,565 resistance area.

Ethereum (ETH/USD) Price Analysis, May 25



The currency pair is still below the red midterm descending trend line meaning sellers still control the situation. However, bulls are trying to counter-attack and to develop a correction at least. Will sellers’ Great Wall prevent bulls from going higher? ETH/USD has negative moods generally and this scenario seems to be impossible in short and midterm currently.



Let’s see what is happening within the Fibonacci retracement tool. Ethereum is testing the closest resistance area at $596.06. It had a correction on Thursday according to our expectations, but buyers were unable to go higher stopped by the red midterm descending trend line.

The possible scenarios for the currency pair are the following:

1. Green scenario (deeper bullish correction). The currency pair will cross the current resistance area at $596.06 and move higher towards the red descending trend line. If successful, buyers will be able to break through this trend line and to target the closest resistance area at $626.66, which coincides with 1.618 retracement level.

2. Red scenario (bearish). The currency pair will jump off the resistance area at $596.06 and move towards the closest support area at $566.90 coinciding with 2.618 retracement level. If they test this area successfully, sellers will be able to break it though targeting new local lows, established on Wednesday.

3. Orange scenario (neutral). The currency pair will follow the red scenario until the support area at $566.90 but instead of breaking it though, ETH/USD will jump off this horizontal line targeting the resistance area at $596.06.

Ripple (XRP/USD) Price Analysis, May 25



Ripple is one of the few currencies that is currently above the red descending midterm trend line. XRP/USD had a correction started on Wednesday, but it was not a deep one as the currency pair still has negative moods. Midterm tendency is still downside.



Let’s have a closer look at what is happening within the Fibonacci retracement graphic tool. XRP price has reached the closest resistance area at $0.6216 in the past few hours and seems to jump off it as buyers are still unable to break it through. The next possible target for XRP/USD is the closest support area at $0.5914.

The possible scenarios for XRP/USD are the following:

1. Red scenario (bearish). The currency pair will fall to the closest support area at $0.5914 and break through this level aiming the next 2.618 retracement level.

2. Orange scenario (neutral). XRP/USD will follow the red scenario first, but then will jump off the closest support area at $0.5914 and move towards the closest resistance area at $0.6216, which coincides with 1.618 retracement area. Ripple will jump off those lines targeting the support area at $0.5914.

3. Green scenario (bullish correction). XRP price will follow red and orange scenarios first but will break through 1.618 retracement level, which coincides with $0.6216 targeting one retracement level coinciding with $0.6515 resistance area.

Take a look at Litecoin (LTC/USD) and IOTA (MIOTA/USD) Price Analysis, May 25

It's gonna be interesting, have Petro already finished tokensale?

05/24/18 Bitcoin, Ethereum, Ripple Are Red Again, Zcash Day’s Loser



Bitcoin shows no mercy for buyers and hodlers. Other cryptos follow the same scenario

Nearly six percent down! This is the result of Bitcoin’s fluctuations in the past 24 hours. Ethereum’s losses were even bigger as Buterin’s brainchild declined by nearly nine percent. What is going on with the crypto market and why both traders and investors are unable to change the situation currently?

We think that there are three main reasons for that. The first one is a generally negative mood as cryptocurrencies resemble a snowball now, rolling down a mountain. It becomes bigger and bigger and market players seem to be frustrated as they see no starting point to support coins.

The second reason is as easy as ABC. The South Korean government wants to “get its hands” on traders’ pockets as they want to receive information about those who conduct transactions. The fight between exchanges and the South Korean government is still on and nobody knows who is going to be a winner. Anyway, we don’t think that regulators will retreat. This fact provokes fears among market players and gives bears support.

Finally, the next thing we want your attention to be attracted to is the Consensus 2018 Conference, which results were disappointing. If we take a look at historical data, Consensus helped Bitcoin to add nearly 70 percent during the conference and additional 138 percent two months after the event last year. However, this year the situation was different as Bitcoin went down during the event and seemed to develop this negative tendency several days after the doors of Consensus 2018 were shut down.

Bitcoin (BTC/USD) price analysis 24.05

The currency pair still develops its negative midterm tendency as BTC price is below the red descending trend line. Bulls seem to be smashed down. Buyers attempted to start a correction yesterday, but it was limited by $7,739 resistance area. BTC/USD has crossed 1.618 retracement level later and established local lows. Total losses in the past 24 hours are 6.04 percent.



Let’s take a closer look at what is happening down there. Bitcoin has reached resistance area at $7,739 on Wednesday, but buyers failed to develop this upside correction as BTC price jumped off this area and resumed its downside tendency.

BTC/USD has established new local lows at support area $7,475. Later BTC/USD developed its downside progress and the price reached new local lows.

The possible scenarios for the currency pair are the following:

1.    Bullish correction. BTC/USD will run towards the closest resistance area at $7,475 to test it. If successful, buyers will have an opportunity to develop Bitcoin’s correction targeting 1.618 retracement level.

2.    Bearish scenario. Bitcoin will reach $7,475 and reverse there or will start to decline from current levels towards new local lows.

Ethereum (ETH/USD) Price Analysis 24.05



The currency pair started a correction on Wednesday and almost reached the closest resistance area at $615.51. However, buyers were unable to drive ETH/USD higher as bears regained control over the market. Sellers pushed Ethereum lower towards 2.618 retracement level and managed to jump over it as ETH/USD fluctuates below this line in the moment of writing.

The possible scenarios for ETH/USD are the following:

1. Bearish scenario. ETH price seems to end testing 2.618 retracement level from below and is able to resume its downside tendency in the nearest future. Targets are below the long spike that we had several hours ago.

2. Bullish scenario seems to be unreal at the moment as the market is still under pressure. However, we could give around 10 to 20 percent that ETH/USD would be able to start growing from the current levels.

Ripple (XRP/USD) Price Analysis 24.05



XRP/USD had a bullish correction yesterday but buyers were unable to drive the currency pair over 1.618 retracement level. XRP price declined later towards the red midterm descending trend line, but failed to cross it as well, showing nor bulls neither bears had the power to change the situation.
It is a kind of horizontal channel now that you can use by catching its borders. XRP price is currently close to the resistance area at $0.6073. What are the possible scenarios for XRP/USD in the next several hours?

1. Bullish correction. The currency pair will break through the resistance area at $0.6073 and move towards the closest 1.618 retracement level. If successful, buyers may develop the correction even higher, targeting one retracement level.

2. Bearish scenario. XRP/USD will test 1.618 retracement level and reverse downwards there or start off declining from the current levels targeting 2.618 retracement level.

Check more detailed charts and analysis on ADA/USD and ZEC/USD pairs HERE

Past ICO Review: How Aragon Freedom Fighters Gained Traction




Fighting for freedom in the digital age, how one startup wants to liberate the world

Everyone knows someone who talks a mile a minute, while how about an ICO that raised a million dollars per minute for 26 minutes?! Shocked? Go ahead and pinch yourself, you are not dreaming. Aragon raised 25 mln in 26 minutes, it hit its record 26-min ICO on May 18, 2017. Aragon entered the market the same day at $1.49 per token and has risen 184.5 percent up to 4.24 at the time of writing. It has a market cap of $112 mln and ranked at 135 on CoinMarketCap.

Create and run an organization out of the box

Aragon is a Dapp on the Ethereum Blockchain, ERC20 token, that allows the user to create, run and manage a decentralized organization. The company’s motto is to put power back to the people. According to the website, “We want to empower people across the world to easily and securely manage their organizations. We provide the tools for anyone to become an entrepreneur and run their own organization, to take control of their own lives.”

The company has essentially created a smart-contract Blockchain software that works without having a Blockchain expert on staff.

Blockchain experts are not just growing on trees! Not having a Blockchain expert on staff is cited as one of the many reasons why companies are hesitant to enter into the new space. Blockchain is a powerful tool but with great power come great responsibility. Many company heads are fearful of putting up any sensitive information that could remain on the chain forever.

How is it different? How is it not?

Oh? So it’s like the others? You can use it to vote, hold elections and keep contracts in place? Yes, that’s right, just like the others, which in a large sea of competition, it is easy to get lost or confused with others. So what sets Aragon apart from the others? FREEDOM! The team behind the tech are concerned about the future at the crossroads of technology and humanity because technology is either going to lead to a more transparent, free, open society or it will aid more oppression, surveillance and confinement of society.

The team would rather not see that and so they chose to fight for freedom and fight they do by offering easy to use tech for organizations to become decentralized and stick it to the “digital man.” This idea has become popular with many in the cryptocurrency community because of its ability to increase efficiency, and participate in the first decentralized autonomous organization focused on digital jurisdiction, upgradeability and functional governance.

El Grupo

Luis Cuende

Is listed in Forbes 30 Under 30 and MIT Tech review. He founded Stampery, a time-stamping project in the Blockchain ecosystem. His has experience working with the likes of the Estonian government, Microsoft and Telefonica.

Jorge Izquierdo

Having created various popular applications, with accolades ranging from receiving a Thiel fellowship and a WWDC scholarship by Apple at a tender age of 15 as one of the most promising young app developers.

Gaining traction? Supporters, yes. Projects?

While it does not sound as exciting as asking oracles to peer into crystal balls and predict the future, the company is growing its following. More than 750 organizations are using the Aragon’s testnet and the Slack channel has more than 500 members.

While Aragon is building a following online, there are still some features that need to be implemented such as digital arbitrage. Additionally, the token price has been rather stable, only showing growth in the past two months - perhaps due to support from the Slack users? If Aragon cannot implement its software, it is not going to go anywhere fast except faded memory.

You may find other Past ICO Reviews HERE

A mosque in London has become the first in the world to accept cryptocurrencies as donations following the declaration that it is permissible under Sharia law



Cryptocurrencies are so new and misunderstood that they needed to be scrutinized by Islam scholars to determine if they could be accepted under Sharia law. It was declared that they could, and so, a mosque in London is open to accepting Bitcoin as donations.

The mosque is on a charge to raise upwards of £10,000 in cryptocurrency donations over Ramadan, through both negative to cryptocurrencies.

A wider audience

However, this move by The Shacklewell Lane Mosque in Hackney is intended to try and reach a wider audience within the Muslim community. Muslims are asked to give away 2.5 percent of their wealth during the 30-day festival as part of zakat and this mosque is hoping they can reach their target by also taking Bitcoin.

“We are trying to appeal to a wider audience with the new money,” Erkin Guney, the chairman of the board of trustees, told The Hackney Gazette. “It’s big in the Islamic world, and we have set up a platform for wealthier Muslims outside our community to support and donate to our mosque.”

Fitting into Islam

Money is closely regulated and managed under Sharia law, and it had to be officially declared that cryptocurrencies can fall under its gambit.

Last month, Muhammad Abu-Bakar of Blossom Finance in Indonesia explored the functionality of Bitcoin and other cryptocurrencies to determine whether they fit with Islam’s strict definitions of money.

“Several recent fatwa issued by prominent Muslim scholars offered incomplete or contradictory opinions on the topic,” said Matthew Martin, CEO of Blossom Finance.

“With all the confusion out there, we wanted to offer clear guidance supported by solid research that benefits both laypeople and practitioners of Islamic finance.”

It was thus concluded that Bitcoin is permissible as it is already accepted by merchants around the globe.

https://cryptocomes.com/london-mosque-accepts-bitcoin-in-world-first-for-islam

05/23/18 Bulls Frustrated as Bitcoin, Ethereum, Ripple, Litecoin in Red, Bytecoin Day’s Loser



“The majors” suffer significant losses, Bytecoin is the loser of Wednesday

Sellers seem to regain initiative as “the majors” suffer significant losses. Bitcoin has lost nearly five percent in the past 24 hours. The loser of today is Bytecoin, as the cryptocurrency has lost more than 17 percent in the past 24 hours. The fundamental background is neutral, however, some events may push the currencies further downside.

One of the most important news for today is the launch of “Operation Crypto Sweep” in US and Canada, which aims to prevent ICO frauds. The main tool of this operation is education meaning governments are going to provide citizens with information about scams, which may lead investors to losses.

The similar operation is launched in China as well. Beijing was the first to ban ICOs. The local IFCERT (National Internet Financial Risk Analysis Technology Platform) is looking for scams and has uncovered more than 400 ICO frauds already.

As for neutral news, the whole crypto community celebrates a so-called “Bitcoin Pizza Day.” This is a historical date for all BTC users as on May 22, 2010 programmer Laszlo Hanyecz bought two pizzas using Bitcoins.

BTC/USD



The general picture on the hourly chart demonstrates that sellers still have control of the situation. BTC price is close to the midterm descending trend line. BTC/USD is likely to develop its downside progress in the midterm as there are no signs of a global reverse. The currency pair establishes new local lows. The correction towards the higher border of the Fibonacci retracement seems to be ended.



Let’s have a closer look at what is going on within the Fibonacci retracement indicator. Bitcoin price has chosen a bearish scenario and declined below the one retracement level. Bitcoin has lost nearly five percent in the past 24 hours. The currency pair is below the midterm descending trend line meaning sellers have full control over the market.

The possible scenarios for BTC/USD are the following:

1.    Bullish scenario (nearly 60 percent probability). The currency pair will run upwards to test the descending midterm trend line and higher, towards one retracement level, which coincides with the support area at $7,948. If successful, bulls will be able to drive BTC/USD even higher towards the next 0.786 retracement level and the closest resistance area at $8.137.

2.    Bearish scenario (nearly 30 percent probability). The currency pair will resume declining from current level or after testing the red midterm descending trend line. The closest target is the support area at $7,816. The next will be 1.618 retracement level. However, we will have another support area at $7,739 on the way.

3.    Neutral scenario (nearly 10% of probability). There will be no significant changes in price today and BTC price will stay close to the current levels.

The first bullish scenario means a deeper correction that is likely to happen as Bitcoin has suffered significant losses in the past 24 hours.

ETH/USD



Ethereum has lost over ten percent in the past 24 hours. The currency pair holds bearish moods in midterm as ETH price is below the midterm descending trend line (red). There was an upside correction, but ETH/USD seems to resume its downtrend as the currency pair establishes new local lows.



Let’s have a closer look at the situation within the Fibonacci retracement indicator. The currency pair has chosen the bearish scenario on Tuesday and ETH price declined below the red descending midterm trend line and below the one retracement level. ETH/USD has tested the trend line from below but failed to break it through and jumped off it.

The possible scenarios for ETH/USD are the following:

1. Bullish scenario (nearly 60% probability). The currency pair will go towards the closest one retracement level to test it. If successful, buyers will be able to drive ETH/USD towards the descending midterm trend line, which is not far from the closest resistance area at $641.43. The next resistance level will be at $664.59.
2. Bearish scenario (nearly 30% probability). The currency pair will resume its decline from current levels or the 1.618 retracement level. The closest support to break is $615.51.
3. Neutral scenario (nearly 10% probability). The currency pair will stay here without significant price changes.
The bullish scenario means a deeper correction to the general downside tendency that may be seen on the hourly chart. We think that this general downside tendency is likely to progress in the nearest future.

XRP/USD



Ripple seems to resume its downside tendency as the currency pair is close to the red midterm descending trend line. XRP/USD has lost nearly nine percent in the past 24 hours. The currency pair has ended its upside correction as it touched $0.7022 resistance area and is likely to develop its downside progress in the nearest future.



Let’s have a closer look at what is going on within the Fibonacci retracement. The currency pair has broken through one retracement level, which coincides with $0.6504 support area. It is currently testing the red midterm descending trend line from above as well as the support area at $0.6073. We are close to the 1.618 retracement level as well.

The possible scenarios for XRP/USD are the following:

1.    Bullish scenario (nearly 60% probability). The currency pair will jump over 1.618 retracement level and move higher towards the next resistance, which is at $0.6504. Here lies the initial point one of the Fibo retracement.

2.    Bearish scenario (nearly 30% probability). The currency pair will resume its downside tendency from the current level and will test the closest support area at $0.6073 as well as the red descending trend line.

3.    Neutral scenario (nearly 10% probability). Ripple will stay here without significant price changes.

The bullish scenario means a deeper correction to the global midterm downside tendency which is still actual.

Check more details on LTC/USD and BCN/USD pairs HERE