Past ICO Review: BOScoin Great Tech, But Who Knows About it?



Easy to read and write contracts are great, but is there public attention?

South Korean-based BOScoin or in long form, the Blockchain Operating System is an ERC20 based coin that has “trust contracts” regarded as easier to understand and write by humans. The network is self-evolving, in which each node has a vote and the nodes of the network vote on software updates and other matters. The nodes are referred to as congress. The block size is dynamic and the block interval is every five seconds. BOScoin can process 1,000 transactions per seconds which give it much-needed bandwidth.

Impressive ICO, lackluster token performance

BOScoin had an ICO on May 10, 2017 and raised $12 mln from it. The token started trading much later on Oct. 25, 2017 at $0.71. Since then it has seen some great gains in January 2018, up to $5.00 at some points, but has since then fallen down to $0.19 at the time of writing. Its market cap is $85 mln and its CoinMarketCap rank is 166.

Trust contracts are easy to write, easy to read

The big differences here are the trust contracts are written in Timed Automata language, which makes it easy to read and write a BOS smart contract, because they are understandable before they are executed. A problem that many are seeing today with smart contracts is that the programming language is hard to understand, which makes the contracts hard to read or write in code. That, in its turn, leads to the need of having to hire someone who can decipher the language.

Solidity is the programing language of Ethereum’s smart contracts. It is a contract-oriented, high-level language for implementing smart contracts. It was influenced by C++, Python and JavaScript and is designed to target the Ethereum Virtual Machine.

Leaders of the Pack

Changki Park- Former Samsung employee who worked in financials before. He also created Paxnet, an information portal for South Korean investors, which has had some success.

Yezune Choi- He is the inventor of the trust contract and has more than 20 years of experience in software development.

It’s a sure-unsure bet

BOSCoin has some interesting features and it could have potential for wider adoption. However, it is still relatively obscure. The need for a user-friendly smart contract system presents the market with much opportunity.

However, one drawback is that the existence of Ethereum and its success in the market means that people may choose to develop on it instead, for fear of betting on something that could fail. This tried-and-true approach is something that is detrimental to BOScoin.

But the user friendliness is something that could win over a lot of people, and get them to say “hey, this is a great tool to write smart contacts and not need someone with a Blockchain background to do it.” This saves time, money, and allows more people to get into Blockchain technology without the high level of knowledge.

Finally, the obscureness of it and lack of attention sometimes harm a coin’s reputation, because there is no one else using it, so there must be something wrong with its mentality.

You may find other Past ICO Reviews HERE

It can be so about Bankex. 0,5 M$ is not such a big difference, if we are talking about 10th place.

I found 53M $ in MobileGo thread

05/22/18 Bitcoin, Ethereum, Ripple, Litecoin Bearish, Lisk Smashed Down



“The main four” feels negative today as BTC/USD, ETH/USD, XRP/USD and LTC/USD lose nearly 2-4%

The currency pairs are red as top 20 cryptos have bearish moods today. The main loser for today is Lisk, which has lost nearly eight percent in the past 24 hours. The fundamental background is neutral as there is no events to influence the quotes significantly. However, general bearish moods may be explained by the investors disappointment with the results of Consensus 2018 Conference.

BTC/USD



Bitcoin has lost nearly three percent in the past 24 hours. The currency pair, in general, seems to hold its downside tendency despite the fact that it demonstrates signs of a deep correction currently. We have redrawn the red descending midterm trend line as the situation changes all the time.

Let’s have a look at the situation within the Fibo retracement formation.



BTC price jumped off $8,559 area (resistance) and moved lower, breaking through several Fibo and support levels. The ascending green trendline was crossed without any difficulties meaning bulls had no power to hold this upside tendency.

BTC/USD continues to fall as it has broken through the next support area at $8,380 and approached the closest support area at $8,184.

The possible scenarios for Bitcoin are the following:

1. BTC price will develop its downside progress and reach the support area at $8,184. It coincides with the Fibonacci retracement 0.618 level. If sellers successfully test this support, Bitcoin price will likely to fall even deeper towards the next retracement level (0.786).

2. Bitcoin will start to grow from the current level or from the closest support area at $8,184 targeting the closest 0.5 retracement level. If buyers are successful, they will have a chance to drive the currency pair even higher, towards the next 0.382 retracement level at least. The next resistance target is at the $8,380 area.

3. There will be no significant changes in price and BTC/USD will stay close to the current levels.

ETH/USD



Ethereum still holds bearish moods in the midterm. ETH/USD has lost nearly four percent in the past 24 hours. ETH price is above the midterm red descending trend line, but is not far from it. ETH/USD seems to have a deeper correction to the global midterm downside tendency. Ethereum price will fall even deeper this correction will be confirmed.



Let’s have a closer look at what is happening within the Fibonacci retracement indicator. ETH price is close to 0.5 retracement level currently. It has broken through several retracements and important levels including the green ascending trend line as buyers had no power to hold the uptrend. Ethereum price has also crossed two levels- $715.92 and $696.74. ETH/USD fluctuates close to the 0.5 retracement level in the moment of writing.

The possible scenarios for ETH/USD are the following:

1. Ethereum will jump off the 0.5 retracement level and run towards the closest retracement support at 0.618. If successful, sellers will have an opportunity to push ETH/USD even deeper towards the closest support area at $677.06. In the event that they are able to break through this level, sellers will likely to push the currency pair towards $660.85 support area, which coincides with one retracement level.

2. ETH price will jump over 0.5 retracement level and run towards the next closest resistance area at $696.74. If successful there, bulls will have an opportunity to drive ETH/USD further upside towards 0.236 retracement area.

3. The currency pair will fluctuate close to the current levels without significant changes.

XRP/USD



The currency pair has lost nearly three percent in the past 24 hours. It seems that XRP/USD has ended its midterm downside tendency as it fluctuates with no clear direction currently. Ripple has left the red descending trend line and the green ascending one. XRP price seems to stay within a horizontal channel in the moment of writing.



Let’s see closer what is happening inside the Fibonacci retracement. XRP price is close to 0.618 retracement in the moment of writing and seems to jump off this level. The closest support area is at $0.6608. Ripple has broken the support area at $0.6914 and several retracement levels since it has ended is upside correction to the bigger midterm downtrend.

The possible scenarios for XRP/USD are the following:

1. The currency pair will run towards the closest support area at $0.6608, which coincides with 0.768 Fibonacci retracement level and test those areas. If successful, bears will be able to push XRP/USD even lower, towards the next retracement level at least. The next closest support is at $0.6428.

2. Ripple will run towards the 0.618 retracement level again. This one will be tested and if successful, bulls will have an opportunity to drive XRP/USD even higher towards 0.5 and 0.382 retracements. The closest resistance level lies at $0.6914 and coincides with 0.236 retracement area.

3. There will be no significant price changes in the nearest future and the currency pair will stay close to the current levels.

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

Top 10 ICOs by Funds Raised, From Filecoin to TRON



The top 10 ICOs by funds raised have a combined total of $1.4 bln

1. FileCoin $257 Mln
2. Tezos $232 Mln
3. Paragon $183 Mln
4. Finney $158 Mln
5. Bancor $153 Mln
6. Status $102 Mln
7. Kin $98 Mln
8. Elastos $94 Mln
9. TenX  $80 Mln
10. Tron  $70 Mln

The past year has had much excitement in the crypto market with ICOs becoming a mainstream event and seeing a lot of headlines in the news. The following is a review of the top 10 ICO by the amount of funds raised.

1. FileCoin $257 Mln

The true king of the crypto ICOs, FileCoin raised the most. FileCoin is offering a decentralized storage service with ultra-competitive rates for users. Other users can rent out their storage space for payment in filecoin. The token is trading at $11.21 down from a high of $27 in December 2017. Currently, they are accepting early miners in the pilot program. It is too hard to tell if/when FileCoin’s decentralized storage system will get off the ground.

2. Tezos $232 Mln

Tezos erupted onto the market with its astounding $232 mln ICO, but quickly lost control of most of its funds due to infighting and now trying to stave off pending legal cases. These legal cases are based on infighting between partners, which has caused the company to halt work. In more recent developments, some of the partners have gone rogue and pushed ahead with development. Despite the deluge of bad news, that would usually decimate a company’s stock price, Tezos token has appreciated, causing some to believe that it will actually be worth something in the end.

3. Paragon $183 Mln

Despite raising more than $100 mln during the ICO, the token price tanked a day after the launch starting at $1.68 per token and falling to $0.48 only three days later. On Dec. 21, 2017, there seemed to be something of a pump and dump when the token price surged to an all-time high of $4.11 and then crashed back down $0.52. Paragon is currently trading at $0.28 at time of writing. It suffers from the debilitating effects the Marijuana grey zone that is found in the US: some states approve it, but the federal government says its illegal. This is a big no go for financial institutions that are obedient to the feds.

4. Finney $158 Mln

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. 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.

5. Bancor $153 Mln

The Bancor Protocol is a technical revolution allowing tokens to be converted without matching two parties with different wants. The magic is in the math, with a simple formula balancing buys and sells so that every token in the network maintains a formulaic relationship to others. The result is continuous liquidity regardless of trade volume or exchange listings. When Bancor token debuted on July 17, 2017, it entered the market at $4.49 per token. By November 2017, it has crashed down to $2 per token losing 50 percent of its value in four to five months.

6. Status $102 Mln

Being Ethereum’s browsing tool for searching and making payments, on the side of representing a messaging application, Status has raised a substantial amount of funding despite not being too well known outside of the smaller circles. Status trades at $0.11 up from the entrance price of $0.06 from late June 2017.

7. Kin $98 Mln

The Kin Ecosystem Foundation aims to bring all digital communications under one umbrella, such as chat apps and social networks. The ERC20 token will be used for all transactions in the Kin Ecosystem. It has attracted the attention of many investors, as it raised a substantial amount in its ICO. However, in March it was announced that Stellar would be taking over as the payment system: “Kin transactions will now take place side-by-side on Stellar and Ethereum, unlocking faster transactions for digital services, while continuing to provide liquidity to Kin holders,” according to a press release on PR Newswire. This raises doubts about whether the currency can function as no Dapps of Kin have been launched.

8. Elastos $94 Mln

Elastos’ technology attempts to create a new kind of Internet, powered by Blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them. The goal is to create an Internet that allows users to access articles, movies and games directly, without going through a media player or another platform intermediary. Elastos will use Blockchain technology to issue IDs for digital content, making it possible to know who owns which digital assets. It recently had its ICO in February 2018, since then the token price has returned close to its introductory price of $44.

9. TenX  $80 Mln

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. 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 $1.25 as of mid-May 2018. The token price might not go to the moon, but the debit card might end up in a few wallets.

10. Tron  $70 Mln

Tron made a big splash onto headlines in December 2017, as its technology is set on decentralizing the entertainment industry. The idea was to enable compensation for content creators, such as singer/songwriters, artists, bands, performers, and anyone who is an entertainer. Hitting an all-time high in December at $0.25, it has crashed to only $0.07 and remained there, as there has been lots of controversy on whether this is a scam or a legitimate token.

You may find Past ICO Reviews HERE

Thanks again! We have already made corrections on site and here on forum

Thanks. We will explore

05/21/18 Cardano, Neo Lead, BTC, BCH in Green, Zcash Losing Positions



ADA/USD and NEO/USD are the winners of the day. Zcash is losing its position

Crypto traders seem to be optimistic in the beginning of a new week as the majority top 20 coins is within the green area on Monday except Zcash, which loses momentum currently. Fundamental background is neutral as there is no important news, which is able to increase volatility or establish any tendency.

BTC/USD



The currency pair took off the red local descending trend line on Friday and went upwards. Bitcoin has broken through the Ichimoku cloud and managed to move even higher. We have drawn a green ascending trend line which support the uptrend currently. BTC/USD has double tested the resistance area at $8,526 but still fluctuates below this level. BTC price is far from the Ichimoku cloud meaning bulls are controlling the market. Bitcoin added 2.49 percent in the past 24 hours.

The possible scenarios for the currency pair are the following:

1. BTC/USD will test the resistance area at $8,526 again and if successful, bulls will drive the currency pair even higher above this level. The next resistance area lies at $8,715 area.

2. Bitcoin will decline towards the green ascending trend line. If bears are successful, BTC/USD will develop its downside progress towards the support area at $8,369. Otherwise, BTC price will jump off this trend line and move towards the resistance area at $8,526.

3. The currency pair will stay here, fluctuating around the current resistance area at $8,526.



As for the daily timeframe, BTC/USD jumps into the Ichimoku cloud again meaning the situation remains unclear. Nor bulls neither bears are ready to take control over the market.

LTC/USD



Litecoin has added its modest 0.77 percent in the past 24 hours. However, as for the situation in general, LTC/USD seems to be more optimistic than on Friday as LTC price is above the red descending trend line and moves along the green ascending trend line. Currently, LTC/USD tests this line and has an opportunity to move below it towards the Ichimoku cloud.

The possible scenarios for LTC/USD are the following:

1. Litecoin will develop its downside progress and reach the Ichimoku cloud. LTC price will likely break it through as the indicator is thin here. LTC/USD will reach the next support area at $134.36 in this case and will test this level.

2. The currency pair will return above the green ascending trend line and go even higher towards the closest resistance area at $138,35 to test it.

3. Litecoin will stay here without significant changes.



The currency pair is below the Ichimoku cloud on the daily timeframe. However, LTC price tests the lower border of the indicator. Nor bulls neither bears are in control over the market currently.

ETH/USD



Ethereum follows the other allies as the price moves along the green ascending trend line. The cryptocurrency has added 0.61 percent in the past 24 hours. ETH/USD jumped off the red descending trend line on Friday and shows bullish moods since. The currency pair is far above the Ichimoku cloud meaning buyers are controlling the market.

The possible scenarios for the currency pair are the following:

1. ETH/USD will develop its local downside tendency towards the higher border of the Ichimoku cloud to test it. Bears will have an opportunity to test the closest support area at $696.07 if successful.

2. Ethereum will reverse and jump over the green ascending trend line on the Hourly chart. Buyers will drive the currency pair even higher towards the closest resistance area at $731.22 in this case.

3. There will be no significant changes and the currency pair will stay close to the current levels.



As for the daily chart, there are no significant events to discuss here. However, ETH price remains above the Ichimoku cloud meaning buyers are dominating the market.

XRP/USD



Ripple has added nearly two percent in the past 24 hours and seems to be optimistic in the beginning of a new week XRP/USD jumped over the red descending trend line on Friday and started to move along a new ascending trend line aspiring to develop an upside tendency. XRP price is far above the Ichimoku cloud meaning buyers are controlling the market.

The possible scenarios for XRP/USD are the following:

1. The currency pair will break through the green ascending trend line and move towards the higher border of the Ichimoku cloud. Once bears are successful in crossing it, they will be given a chance to develop their progress targeting the closest support area at $0.6631.

2. XRP/USD will jump off the green ascending trend line and go higher. The closest resistance area is close to the price’s current position and it will likely be crossed with no difficulties. The next target will be at the next resistance area at $0.7094.

3. Ripple will stay close to the current levels with no significant changes.



As for the daily chart, XRP/USD goes under the Ichimoku cloud, but there is no clear med term tendency currently.

Check more details on ZEC/USD, ADA/USD and NEO/USD pairs HERE

Past ICO Review: Crystal Ball Cloudy For Gnosis



A crystal-ball crypto? Not exactly, but crowdsourced predictive analytics does hold some truth

In a short time, Blockchain and cryptocurrency technology have come a long way, but  crypto that can predict the future? Now, that might sound like a late night psychic scam, but this Blockchain is looking back into the past to better gauge the future. Gnosis, Greek for knowledge of spiritual mysteries, is centered on the prediction market.

Financials

Gnosis entered the market over one year ago on May 1, 2017, at $51.64, at the time of writing, it is trading at $96.39, almost a 100 percent gain! Not bad for a soothsaying crypto. The one-day ICO held on April 24, 2017, raised $12.5 mln in capital for Gnosis. The market cap is $106 mln and the CoinMarketCap rank is 143.

So you mean to tell me, you can see the future?

Prediction markets are sometimes called information markets, idea futures, event derivatives, decision markets or virtual stock markets. In essence, a prediction market is a vehicle for aggregating information about the expected outcome of a future event. How does the system work? Participants receive a set of tokens reflecting each possible outcome and may then trade these with either other market participants or a market maker. This is essentially betting on the outcome of said event.

The current market price reflects the probability of the specific outcome to occur. The set of outcome tokens has to cover all possible outcomes so that the probability of all outcomes adds up to 100 percent. Once the event outcome is known, the winning outcome has a probability of 100 percent and is worth one, while all other losing outcomes have the probability of zero percent and are worth zero. Gnosis uses the crowdsourced information to make predictions about the event.

There is an old anecdote about the more people guessing the weight of a cow, the more accurate the number will be. Besides the crowdsourced guesses, an ultimate oracle would settle the outcomes of the events and thusly the disputes. However, the oracle should be an independently controlled mechanism to achieve the most fairness.

Dual-token system

Gnosis incorporates the use of two ERC20 tokens, Gnosis (GNO) and Gnosis Wizard (WIZ). The GNO token has a fixed supply of 10 mln GNO tokens. The company plans to charge for the use of certain services that operate on the core platform. Fees will be payable in ETH, BTC or WIZ. This is similar to the gas model on the Ethereum smart contracts: pay to play. According to the website and some further investigating,  WIZ is generated by holders of GNO. WIZ tokens will be pegged at or very near $1. It’s important that the WIZ token maintain low volatility to serve as a vehicle of collateral on the platform.

Crystal ball cloudy for Gnosis

While the company has been around for over five years already, according to their timeline, there are still many implementations to be done before the software is up and running. It appears that Q3 2018 will be the time that the technology will be fully operational.

Out of many of the ICOs of 2017, it is one of the few that has managed to keep its token price above the ICO debut price, showing it has potential. However, on the flipside, it is a crowdsourced-predictive analytics system. A crowdsourced system could only be as good as the crowd participating in it. Care to cast a wager on Gnosis? Will it succeed? Will it fail? Choose wisely, chosen one!

You may find other Past ICO Reviews HERE

05/18/18 IOTA, DASH Biggest Losers of Day As Bitcoin Price Sinks Under $8,000



Cryptocurrency market suffered losses, the greatest losers are IOTA and DASH; BTC dips below $8,000

The top 20 cryptos are within the red area today. The losers of the day are IOTA and Dash as they have declined by 7.62 percent and 7.12 percent consequently. The others demonstrate negative tendencies as well. As for the fundamental background, it remains neutral.

There are some interesting news, that may attract investors’ attention. South Korean Customs Service is going to apply a Blockchain system to check all kind of shipments. This software is under testing currently. In order to develop the system, South Korean Customer Service has employed companies from Singapore and Vietnam.

Another important news comes from Bitfinex. They have announced that users will be required to provide their tax information. The received data will be transferred to British Virgin Islands.

The problem here is that this statistics may become available for clients’ country’s tax authorities later.

BTC/USD



Bitcoin established new local lows on the Hourly chart yesterday. However, bears were unable to develop their progress as a correction started from the support area at $7,941.

BTC price has tested this area twice and jump off it, aiming the closes resistance area at $8,128. BTC/USD stays here currently and tests this level from below. Bitcoin price is far below the Ichimoku cloud meaning bears are domination the market.

We have drawn a local descending trend line, which prevents Bitcoin from moving higher in the moment of writing. The currency pair has lost 1.98 percent in the past 24 hours.

The possible scenarios for the currency pair are the following:

1. Bitcoin will break through the resistance area at $8,128 and continue to grow towards the next resistance area at $8,366. However, bulls will have to enter the Ichimoku cloud in order to reach the next goals.

2. BTC/USD will jump off the current resistance area at $8,128. The currency pair will likely to decline towards the next support area at $7,941.

3. The currency pair will stay close to the current level without significant changes.



Bitcoin has almost left the Ichimoku cloud on the daily chart but there is no momentum meaning it will test the indicator again. The situation remains unclear as there are no signs of any tendency currently.

LTC/USD



The currency pair declined yesterday and reached new lows. Litecoin jumped off the support area at $129.41 and went towards the next resistance, which resides at $134.34.

However, LTC/USD failed to reach it. Litecoin is still trying to move higher, but it seems like bears are on guard currently preventing bulls from driving the currency pair higher.

Litecoin has lost 3.87% in the past 24 hours. LTC price is far below the Ichimoku cloud meaning bears are controlling the market.

The possible scenarios for LTC/USD are the following:

1. LTC price will reach the next resistance area at $134.34 and to test it. There is a high probability that Litecoin will meet the descending local trend line (red) there. If successful, bulls will be able to drive LTC/USD even higher, above those lines.

2. Litecoin will move towards the closest support area at $129.41 in order to test it. If successful, bears will push the currency pair even lower.

3. There will be no significant changes and LTC price will stay close to the current levels.



Litecoin has left the Ichimoku cloud on the Daily chart but there is no momentum and the currency pair seems to test the lower border of the Ichimoku cloud in the nearest future.

ETH/USD



The currency pair declined yesterday and reached the support area at $663.14. Ethereum jumped off this level and started to grow today. TETH price is somewhere in the middle between two levels currently.

We have drawn a local descending trend line (red), which prevents ETH/USD from moving higher. Ethereum price is below the Ichimoku cloud meaning bears are in control of the market. Ethereum has lost 2.72 percent in the last 24 hours.

The possible scenarios for ETH/USD are the following:

1. The currency pair will reach the local descending trend line and test it. If successful, buyers will be able to develop the progress and to reach the next resistance area at $695.52.

2. Ethereum will reverse towards the closest support area at $663.14. The bears will try to cross the level and to push ETH/USD lower.

3. There will be no significant changes in the next several hours.



Ethereum still fluctuates above the Ichimoku clouds as bulls control the situation. There is no midterm trend currently as the price stays within a narrow horizontal channel.

ZEC/USD



The currency pair reached the support area at $306.71 during the Asian session. Zcash jumped off it later and moved higher. The currency pair has broken through the next resistance area at $325.54 and managed to develop its progress.

Bulls seem to drive ZEC/USD towards the next resistance area at $366.51, but there is an obstacle on their way as the price is still below the lower border of the Ichimoku cloud. Zcash declined 1.90 percent in the last 24 hours.

The possible scenarios for ZEC/USD are the following:

1. Zcash will cross the Ichimoku could and reach the next resistance area at $366.51. There is the local ascending trend line close to that area and ZEC/USD is able to reach it in this case. If the price jump over this line, Zcash will restore the uptrend on the hourly chart.

2. ZEC/USD will jump off the lower border of the Ichimoku cloud and move towards the closest support area at $325.54.

3. ZEC price will stay close to the current levels without significant changes.



Zcash jumped off the support area and the higher border of the Ichimoku cloud on the daily chart. However, the midterm situation still remains unclear.

Check more details on IOT/USD, XRP/USD and DASH/USD pairs HERE

Sure, let's stay optimistic

Sounds really good if so!

Past ICO Review: MedicalChain in Severe Pain After Overdose



The trillion-dollar healthcare industry is ready for Blockchain, but data and patient privacy are at stake

Doctor, doctor, give me the news! I have got a bad case of MedicalChain blues! Medicalchain is just as it sounds, a Blockchain used to maintain medical records. It was developed in the UK by an innovator, who had been working in the UK’s National Health Service, and discovered a better way to maintain medical records.

Financials

MedicalChain had a big ICO, where it raised some $24 mln in 30 days from Feb. 1, 2018 to March 1, 2018. The ERC20 token debuted at $0.25 and started its downward trend to $0.17 at the time of writing. It had a market capitalization of $32 mln and 500 mln medtokens in circulation. It is ranked 297 on CoinMarketCap. It is currently listed on Huobi Pro, Kucoin, Gate.io, Coinbene, and QRYPTOS exchanges.

Take control of your medical records

Medical records are similar to your “permanent record” from high school, which your teachers used to threaten you with. “This transgression will go on your permanent record from which it can never be expunged,” teachers used to say. 

They got your records with information about you, but you are never allowed to see them nor have them in your own possession. But unlike the high school records, in the U.S. at least, all you have to do is ask for a copy. But what is stopping us from doing that? Trust?

MedicalChain claims to give you back the ownership over your personal information. A decentralized platform that enables secure, fast and transparent exchange and usage of medical data, it introduces utilization of Blockchain technology to store patient health records and maintain a single version of the patient’s true data.

MedicalChain aims at enabling healthcare agents such as doctors, hospitals, laboratories, pharmacists and insurers to request permission to access and interact with medical records. Each interaction is auditable, transparent, and secure, and will be recorded as a transaction on Medicalchain’s distributed ledger.

Moreover, no privacy is lost in this process; MedicalChain is built on the permission-based Hyperledger Fabric architecture which allows varying access levels; patients control who can view their records, how much they see and for what length of time.

So far MedicalChain is only accepting reservations for its services in the UK. However, it would like to expand to the United States and globally.

Hot market 

The US is a hot market in all aspects medicine because of all the hospitals, healthcare organizations, and the massive industry itself and ancillary markets. Despite the cornucopia of partnerships that are readily available in the US, Medicalchain is not seeking to partner with hospitals and healthcare organizations or government, but instead is approaching the patients directly and offering for them to have their records on their platform regardless of which healthcare organization they belong to. This is in general and not only directed at the US.

The team

Dr. Adbdullah Albeyatti

Dr. Albeyatti graduated from Imperial College London as a doctor in 2011. He has always had a passion for innovation and problem solving and has developed solutions to inefficiencies he found whilst working in the UK National Health Service.

Mo Tayeb

Mo is the co-founder and chief operations officer of MedicalChain. He is a graduate from Brunel University from where he obtained a degree in e-commerce. He also holds an Executive MBA from University of Oxford, Saïd Business School.

Newborn learning to walk or bedridden cripple?

MedicalChain has a great service for a multi-trillion-dollar industry that grows larger each year. It is still very new to the market and needs more time to evolve before its trajectory is set. However, the depreciating medtoken is a worrisome sign to some or a buy signal to others. 

You may find other Past ICO Reviews HERE

05/17/18 EOS and Tron Are Leaders, Bitcoin, Ethereum in Green Area



EOS and TRON are the winners of the day, Bitcoin, Ethereum, Zcash also look positive as they mostly grow

The top 20 looks much better today as almost all cryptos are within the green area. The leaders of the day are EOS and Tron as they have added nearly seven percent for the past 24 hours. Bitcoin and Ethereum have added 0.53 percent and 1.33 percent consequently. The general atmosphere seems to be positive today as almost all coins are in the green.

As for the fundamental background, it is neutral today. Several interesting events may attract traders’ and investors’ interest. The Consensus 2018 Conference is still holding. Kraken’s co-founder Jesse Powell said that they are going to register with the SEC (US market’s watchdog). He stated that Kraken is going to receive a license as a broker-dealer.

Another event to pay attention to is the ongoing debate around cryptocurrencies’ status in the Russian Federation. The appropriate law was introduced to parliament a month ago. However, local media suggests that there will be no crypto legalization. The main goal of the bill is to establish a legal basis for digital transactions and rights.

BTC/USD



Bitcoin has tested the support area at $8,128 yesterday again and jumped off the level. BTC price went towards the resistance area at $8,365 and tested it. There were several attempts to break it through and to move higher. BTC/USD has even tested the lower border of the Ichimoku cloud but failed to penetrate inside the formation.

Bitcoin stays below the $8,365 resistance area currently and seems to aim the support area at $8,128. The possible scenarios for BTC/USD are the following:

1. The currency pair will reach the support area at $8,128 and will test it. BTC/USD will develop its downside progress or jump off this area, depending on the results of testing.

2. BTC/USD will start to grow from current levels and reach the resistance area at $8,365. BTC price will jump over the resistance area and develop its upside tendency or will jump off this level and reverse.

3. Bitcoin is also able to stay without significant changes close to the current levels.



As for the daily chart, there are no significant changes in the situation as BTC/USD still stays within the Ichimoku cloud.

ETH/USD



Ethereum is above the support area at $695 and is testing the lower border of the Ichimoku cloud currently. ETH/USD fluctuated below this area yesterday, but bulls have managed to cross it. ETH price established new local highs there, but refused to go higher and went to test the support area at $695.

The possible scenarios for the currency pair are the following:

1. Ethereum will break through the Ichimoku cloud aiming at the closest resistance area at $730. However, bulls will have an obstacle on their way meaning they have to overcome the higher border of the Ichimoku cloud in order to reach their next goals.

2. EHT/USD will test the support area at $695 and jump over it. Bears will have an opportunity to push the currency pair even lower, towards the next support area at $663.

3. ETH price will stay without significant changes close to the current levels.



As for the daily chart, Ethereum stays above the Ichimoku cloud, meaning bulls are still in control of the situation. However, there is no local tendency here as ETH price establishes new highs or lows.

EOS/USD



EOS is one of today’s leaders as it added nearly seven percent for the past 24 hours. The currency pair started from the support area at $11.98 and went sharply upwards, breaking through the resistance and the Ichimoku cloud. However, after a strong local upside tendency, EOS/USD seems to have a pretty deep correction. The currency pair is testing the higher border of the Ichimoku cloud, which coincides with the current support area at $13.05.

The possible scenarios for EOS are the following:

1. The currency pair will jump off the support area at $13.05 and go towards the next resistance area at $14.23. There, EOS price is able to both break through the level of jump off the resistance line depending on the results of testing.

2. EOS/USD will break through the support area and start to decline towards the next support area at $11.98. There is one obstacle on the way in this case– the lower border of the Ichimoku cloud.

3. EOS price will stay close to the current level ($13.05) without any significant changes.



As for the daily chart, EOS stays within the range, limited between the two levels- $11.71 and $16.23. EOS price is close to the Ichimoku cloud. However, the formation is thin here and do not play a significant role as an indicator.

TRON/USD



Tron is another leader for today as it adds about seven percent for the past 24 hours. The currency pair started from the support area at $0.063 yesterday and managed to cross the resistance area at $0.068 and the Ichimoku cloud. Tron price has almost reached the next resistance area at $0.074, but bulls were unable to drive TRON/USD there and retreated. Tron is currently testing the support area at $0.063 and the higher border of the Ichimoku cloud with is close to the current levels.

The possible scenarios for the currency pair are the following:

1. TRON/USD will jump off this support area at $0.068 and go towards the next resistance area at $0.074. There everything will depend on the results of testing.

2. The currency pair will break through the support line here and start to decline towards the next support area at $0.063. However, bears will have to cross the Ichimoku cloud in order to reach their targets.

3. Tron will stay close to the current levels without significant changes and with low volatility.



As for the daily chart, Tron fluctuates inside a horizontal channel, formed by two levels- $0.070 as resistance and $0.055 as a support area. Tron price is not far from the Ichimoku cloud and is likely to meet it in a couple of weeks or even earlier.

Check more details on ZEC/USD, XRP/USD and LTC/USD pairs HERE

A new bill in Russia on digital currencies may well not allow for legal crypto payments as first believed



A draft bill pertaining to protect the rights of cryptocurrency owners while also regulating them in line with Russian laws was introduced to parliament in March with the biggest expectation being the legalization of cryptocurrency payments.

However, local media reports from Russia today are suggesting that the expectation of making digital currencies legal may not come to pass, this according to Izvestia, the news portal of the Ministry of Information Technologies.

News from the new bill

The bill aims to establish a legal basis for digital rights and digital transactions, Head of the State Construction Committee Pavel Krasheninnikov told Izvestia. It is proof that the governmental heads do consider cryptocurrencies a promising technology that should be entered into the country’s legal framework.

While the bill is aimed at being balanced, adding more rights and protection to cryptocurrency users, for the regulators, it is hoped these laws will eliminate risks of digital objects being used to place assets in an uncontrolled environment, by which proceeds of crime can become legalized.

While crypto payments will not be legalized under these amendments, it follows from the bill that in the future, such currencies will be used as payment “in controlled quantities.”

On Putin’s orders

The move to control cryptocurrencies in Russia has emanated from its highest source, President Vladimir Putin. The Russian Leader had set a deadline on July 1 for relevant cryptocurrency legislation to be adopted in the country.

This was the opening stages of the bill which is now being amended by Russia’s State Duma Committee on State Construction.

The bill does not address all of the president’s directives, but it presents conditions for further regulation of the digital currency industry.

Source: https://cryptocomes.com/russias-digital-law-bill-not-aimed-at-legalizing-crypto-payments

Past ICO Review: On VeChain Success Train



VeChain promises to verify products, link up logistics and end the black market

Singapore-based VeChain, a non-profit organization, was founded in July 2017 as a solution to product identification management with Blockchain technology: a unique ID for every product, combing Blockchain and encrypted ID. One month later the token was launched. Starting at only $0.23 on Aug. 21, 2017, VeChain has increased by 2,091 percent in eight month’s time up to about $5 and is ranked now 15 by CoinMarketCap.

Don’t get lost in logistics

VeChain is a Blockchain-as-a-service company that primarily focuses on supply chain logistics. In conjunction with developed smart chips, it essentially uses Blockchain and the Internet of Things to track products in real-time, keep counterfeit products out of supply chains, and allow retailers and wholesalers a glimpse at how products performed in various quality control tests.

VeChain suggests a solution to make every product traceable and verifiable. For the consumer, this means you will be able to verify that what you are buying is the real thing.

For example, wines, whiskeys, and down to the exact ingredients that went into making these fine products can be verified by using the tracking technology. Diamonds, pharmaceuticals, the list goes on. With verifiable products and ingredients, consumers will have confidence in what they buy. As more commerce moves online so will the money.

A system like this would weight heavy on the black market of knock-off goods, leading the way for its eventual consolidation and potential destruction.

VeChain currently works with:

- Luxury goods

- Liquor

- Auto

- Retail

- Agriculture

- Cold-chain logistics

- Logistics  

It’s all who you know

VeChain has been partnering with some large, well-known companies, which is really drawing some attention. It first partnered with Norway-based global assurance service company DNV GL to allow retailers to track products in real-time. But the big news was its  February 2018 announcement that VeChain and German car manufacturer BMW would be teaming up. In particular, VeChain will aid BMW in tracking its auto parts supply chain so as to eliminate child labor.

Partners:

- PWC

- DNV GL

- BMW

- Michigan State University

- Oxford University

The stress test

VeChain is the very first digital currency to pass the Cryptocurrency Disaster Recovery Plan (CDRP), according to PwC. The CDRP acts as a stress test for the crypto market, with the most serious and likely threats to virtual coin holders being examined such as loss of login info, virus infiltration, system crashes on virtual wallets, hardware damage, private keys compromised, etc. It was determined that VeChain responses to these threats were sufficient so as to protect the assets of token holders. This is similar as to what banks have to test for after the 2008 financial crisis but specific for digital assets.

New economy

Overall, VeChain looks like a success story from hundreds of failing ICOs. However, it is interesting to wonder if the ICO is the precursor for the next level of fundraising for new companies. As many companies start to move toward Blockchain adoption and development, the ICO just might replace the IPO in the next 10 to 20 years. It is hard to say how the market will function in the future, but there is no doubt that Blockchain and cryptocurrencies will be a part of the new economy of the future.

You may find other Past ICO Reviews HERE

05/16/18 Zcash Leader of the Day, Other Cryptos Lose Momentum



Zcash is up, Bitcoin, Ethereum hang on while Bytecoin, Bitcoin Cash, Stellar, NEO drop

Cryptocurrencies from Top 20 market capitalization show negative dynamics as a whole except Zcash, who is the true winner in the past 48 hours.

Zcash will be listed at Gemini exchange (the brainchild of twin Winklevoss) as the company received the appropriate approval from NYSDFS. The cryptocurrency surged significantly following this event on Monday. Gemini became the first exchange to accept Zcash as an asset for trading.

Winklevoss brothers think that Zcash is promising due to its privacy, which is the main advantage of the cryptocurrency as compared to Bitcoin. ZEC/USD’s price increased by 47 percent on Monday. The cryptocurrency still develops its progress as it added another 2.34 percent in the moment of writing.

Meanwhile, all top 20 cryptocurrencies declined. Bitcoin has lost 5.65 percent in the past 24 hours. Ethereum suffered almost the same losses as the price declined 5.22 percent in the same period. Bytecoin is the loser of the day as it declined for 11.71 percent in the past 24 hours.

The general fundamental background seems to be positive as police found nothing wrong during its investigation at Upbit exchange. It should be reminded that South Korean police had a raid at Upbit headquarters last week. This event resulted in a sharp decline of nearly $50 mln in market capitalization as investors had fears about the exchange’s activities.

The most important event currently is the Consensus 2018 Conference, which attracted not only Blockchain experts and adopters, but also some officials including the Head of St.Louis Federal Reserve James Bullard. The Conference has not been without sensations as Vitalik Buterin refused to participate there.

Those events seem to have no significant influence on fluctuations currently. However, they may affect prices later.

ZEC/USD



Zcash has reached its all-time highs on Tuesday as ZEC price almost touched the 390 level. Then, we had a correction towards the support area at 325. The volatility is still very high as many market participants are interested in this coin.

Technically, ZEC price is testing the resistance area at 366 in the moment of writing this review. Depending on the results, ZEC/USD may have the following possible scenarios:

1. ZEC price will break through the resistance line and go higher, establishing new all-time highs.

2. Zcash will start to decline towards the support area at 325. However, there are two obstacles on the way – the Ichimoku cloud’s higher border and the ascending trend line.

3. ZEC/USD will stay at the same levels without significant fluctuations.



As for the daily chart, ZEC/USD looks pretty good there as ZEC price has left the Ichimoku cloud with momentum and continues to rally. Zcash is above the ascending trend line but may correct towards it in the nearest future.

BTC/USD



Bitcoin jumped off its newly established support area at 8,130 and tested the resistance area at 8,366. BTC price is above the level at the moment of writing, but it is early to say whether BTC/USD has already crossed this level or not. There are no candlestick signals currently. Bitcoin price is far from the Ichimoku cloud but makes attempts to meet the indicator in the nearest future.

The possible scenarios for BTC/USD are the following:

1. Bitcoin will cross this $8,366 area and move further upwards to the next resistance area, which lies at $8,527.

2. BTC/USD will decline from the current 8,366 level towards the newly established local lows at $8,130.

3. The currency pair will stay close to the current level without significant changes.



Bitcoin stays within the Ichimoku cloud on the Daily chart. BTC price has almost reached the lower border of the formation and seems to have chances to change the direction.

ETH/USD



Ethereum crossed the support area at 695 today, but its further decline was limited as the price managed to make a half distance to the next support area and reversed. ETH/USD crossed the 695 resistance area from below and jumped over the line, developing progress. Ethereum is close to the lower border of the Ichimoku cloud and it seems like bulls want to test it and to go higher.

The possible scenarios for the currency pair are the following:

1. ETH/USD will break through the lower border of the Ichimoku cloud and move higher, towards its upper side, then test it and move towards the resistance level at 730.

2. Ethereum will decline towards the support area at 695 to test it. If successful, bears will have a chance to develop their progress towards the next support area at 663.

3. The currency pair will have no significant fluctuations and will stay close to the current levels.



ETH/USD is fluctuating above the Ichimoku cloud meaning bulls are still in control of the situation on the Daily chart. However, Ethereum stays below the ascending trend line.

BCN/USD



Bytecoin is a true “loser” of the day from the top 20 as it declined 11.71 percent in the past 24 hours. Nevertheless, bulls seem to take the initiative in their hands as the managed to move BCN/USD higher and the currency pair is above the descending local trend line currently.

Bytecoin is above the support area at 0,0100. BCN price is below the Ichimoku cloud as well. The possible scenarios for BCN/USD are the following:

1. The currency pair will develop its progress until the next resistance area at 0.0111 where the resistance line coincides with the lower border of the Ichimoku cloud. If bulls are able to cross them both, BCN/USD will have a chance to go towards the next resistance area at 0.0124.

2. Bytecoin will reach the next resistance level at 0.0111 and jump off it (or start to decline from the current levels). The next support area is 0.0100. The currency pair will meet the descending trend line there.

3. Bytecoin will stay close to the current levels with no significant fluctuations.



Bytecoin is above the ascending trend line as bulls are still in control of the situation. However, BCN/USD arouse the suspicions as its fluctuations currently are similar to “Pump&Dump” strategy.

Check more details on BCH/USD, XLM/USD and NEO/USD pairs HERE

Past ICO Review: How Cobinhood’s Arrows Have Missed the Mark



Cobinhood’s tokens grew at amazing rate, but identity crisis and lost of banking access made it miss the target

It has been a rough ride for cryptocurrency exchange provider Cobinhood. Not only did the stock, and now crypto, exchange Robinhood sent them a cease and desist order because of similar name touting the same services, the Taiwanese company lost access to banking services for its customers. Meaning users could not send or receive fiat transfers to the platform.

To remedy this, Cobinhood has accepted stablecoin Tether, which is tied to the US Dollar at 1:1. Cobinhood’s claim to fame is its zero-trading fee. Before diving deeper, let's look at the ICO financials.

Big break out, bigger bust

Cobinhood’s ICO ran from September 13, 2017 to October 22, 2017 and raised $13 million. The entry native token price was $0.04 on September 30, 2017. At the time of writing, the price per token now sits at $0.08, a 100-percent growth.

While 100% looks like an amazing rate, it should be noted that Cobinhood hit a high of $1.52 on January 10th, 2018, a 3,700-percentage gain! But then over the course of a month, the price tumbled down to $0.25 by February 10th, and continued its slide to the present day.

Note that the token started trading before the launch of the exchange on December 17, 2017. CoinMarketCap rank is 305

Without bank access, buying crypto isn’t easy

Cobinhood’s banking partners decided at the start of 2018 that they would not do business with the exchange. It is assumed that this reasoning came about due to the nature of many banks not wanting to work with cryptocurrencies. This essentially strangled the exchange and put a burden on the users.

To remedy this, the exchange announced that it would enable Tether-based buys and sells. In other words, the user would have to hold Tether off exchange to make purchases on the exchange. This led to a crypto-for-crypto buys and sells. If you know anything about exchanges, then you know that this adds on more costs, fees, and waiting time for the user and this is not ideal.

Despite the Name, it Hangs in the Game

Despite the name and the issues with competitor Robinhood, it seems to be a technologically sound exchange. The company has taken several measures to ensure a quality experience with the exchange.  when the company performed a stress test to push the platform to its limits, the exchange averaged 1,154,284 orders and 10,142 order book updates per second for each trading pair — making it the first cryptocurrency exchange capable of true high-frequency trading. A rather impressive feat, considering the largest exchange Coinbase has had several meltdowns over the past 6 year when trading volume skyrocketed.

The Team

Popo Chen - CEO and Founder
Chen Tai Yuan is a 26-year-old serial entrepreneur who earned an Electrical Engineering master’s degree at the age of 22. At the age of 24, he founded 17 live streaming, a leading live streaming platform across Asia with more than 5M daily active users. In three months, 17 live streaming raised 10M USD.

Wei-Ning Huang - CTO and Co-Founder
Wei-Ning has three years' working experience at Google. Before that, he was an active open-source contributor and worked in the open-source space for more than five years. He specializes in building large-scale web applications with demanding throughput and availability. Wei-Ning is also an early adopter of cryptocurrencies, having five years of cryptocurrency trading experience and deep understanding of the blockchain technology.

Tony Scott - Advisor to Cobinhood and Former U.S. Federal Chief Information Officer
Tony Scott was the third U.S. Federal Chief Information Officer, serving from 2015-2017. During his tenure, he was involved in leading various digitalization and blockchain-themed projects as well as improving the cybersecurity of government.

The Bottom Line

Cobinhood is an interesting case because it has many users and a strong technology platform, and advised by the former U.S. CIO. 

However, the red flags are big ones: name contesting with Robinhood, loss of banking partners and thus the ability to buy and sell fiat, adding more steps and fees to a complicated process for new users. The native token has suffered much in the past few months almost returning to its starting position. The ICO raised a good bit of funding, but the subsequent hits have damaged the reputation.

You may find other Past ICO Reviews HERE

Past ICO Review: Qtum Wants to be Ether, But it’s Built on Bitcoin



What financials show for a hybrid between Ethereum and Bitcoin protocols?

Throughout the many Past ICO Reviews, a common trend has emerged: many tokens are ERC20, which are built on the Ether Blockchain. This should not come as a surprise because many innovative Blockchains with tokens want to do something more than be a payment-services solution. To do that, smart contracts come into play and Ethereum is the smart contract’s king. So it is no surprise why so many companies build on Ethereum.

What is surprising is that Qtum is not an ERC20. It is built on Bitcoin’s unspent transaction output (UTXO) transaction model combined with a proof-of-stake consensus model. The developers stated that these elements of the Blockchain make it better suited for business-enterprise systems.

Financials

Qtum entered the cryptocurrency market early in 2017 with a March ICO that raised $15 mln. While it seems small compared to what has been raised over the past six to nine months, it was the fourth biggest ICO in terms of funds raised at that time in March 2017. Token prices debuted at $6.40 in March 2017 and at the time of writing are up 202 percent to $19.34. CoinMarketCap has it ranked at 18.

But now comes the questions that every cryptocurrency fears to hear: what is it good for? What can it do?

Hybrid functions and subsequent tokens

One of the primary goals of Qtum is to be able to bridge the Bitcoin and the Ethereum world. What makes the software unique is that Qtum’s core technology combines a fork of Bitcoin Core, an Account Abstraction Layer allowing for multiple Virtual Machines, including the Ethereum Virtual Machine and Proof-of-Stake consensus aimed at tackling industry use cases.

21 Dapps and counting

Qtum has 21 Dapps on its page that are either working or a prototype. Many of them are their own coins and platforms such as Energo, which is built to measure and regulate clean energy produced within local microgrids- this model empowers consumers and allows community members to directly exchange energy in a system unburdened by the constraints of a traditional grid.

Designed with stability, modularity and interoperability in mind, Qtum is a toolkit for building trusted decentralized applications, suited for real-world, business oriented use cases. Its hybrid nature, in combination with a first-of-its-kind PoS consensus protocol, allows Qtum applications to be compatible with major Blockchain ecosystems while providing native support for mobile devices and IoT appliances.

Quantum Team

Patrick Dai graduated from Draper University and was previously employed by Alibaba.                                         
Neil Mahi has 20 years experience developing software and has four years experience in the Blockchain space.
Jordan Earls has been developing software since he was thirteen. Jordan has reviewed over 100 altcoins and identified multiple exploits in coins.
Patrick Dai, Qtum Project co-founder, said that Qtum intends to become a smart contracts platform for business. The Qtum project will make it easier for companies and industries to develop practical applications on top of Qtum. The project envisions a future consisting of automated business practices and seamless machine-to-machine communication. In March 2017, it was announced that PriceWaterHouseCoopers (PwC) would partner with Qtum.  “Having PwC, which has broad expertise across industries and a global network, support Qtum will help us fulfill our mission,” said Dai. Furthermore, the hybrid nature of Qtum will allow it to interact with Ethereum- and Bitcoin-based Blockchains for better compatibility capitalization.

You may find other Past ICO Reviews HERE

05/15/18 Bitcoin, Litecoin, Monero, NEO Prepare For Significant Moves as Bears Try Holding Prices Down



Cryptocurrencies are consolidating as significant fluctuations expected

The situation remains unchanged since our last review as the currency pairs’ volatility is low. BTC/USD, LTC/USD, XMR/USD, NEO/USD restored yesterday but failed to develop their progress as bears still make attempts to hold the price and to push it down.

BTC/USD



Bitcoin demonstrated no significant fluctuations during the late American and Asian session. The currency pair jumped above the local ascending trend line within the American session and tested it later. Here lies the support area at $8,695 which also holds BTC/USD from declining below.

Bitcoin reached the resistance area at $8,890 during the late US-Asian session. However, the Bitcoin price retreated sharply meaning bulls have not enough power to develop their progress.

The currency pair is higher the Ichimoku cloud meaning bulls have the initiative in the moment of writing this review. There are no candlestick signals currently and it is better to wait for them in order to take further actions.

Possible scenarios for BTC/USD are the following:

1. Bitcoin will try to jump off the ascending trend line and the support area at 8,695 targeting the next resistance area 8,890, which the cryptocurrency reached during the late American session. There may be another test.

2. BTC/USD will cross the support area at 8,695 and fall towards the higher border of the Ichimoku cloud. The next target, in this case, will be the support area at 8,528. However, the Ichimoku cloud may be an obstacle on the way.

3. The next scenario is neutral meaning there will be no significant fluctuations. And BTC price will stay close to current levels or move along the local ascending trend line without leaving it.



BTC/USD still remains inside the Ichimoku cloud and goes towards the upper border of the formation. It seems like the situation is going to change in the nearest future. If Bitcoin leaves the Ichimoku cloud from above, there may be a sharp upside momentum.

LTC/USD



Litecoin went above the ascending shorterm trend line during the late American-Asian session but failed to develop its progress. LTC price almost reached the resistance area at 153 level but then we have seen a Shooting Star reverse candlestick pattern. Litecoin returned to 146 support area where it fluctuated until the moment of writing this review.

Litecoin price is above the Ichimoku cloud meaning bulls have initiative currently. There is no candlestick pattern at the moment.

Possible scenarios for LTC/USD are the following:

1. LTC price will target the resistance area at 153 and reach it. Then, LTC/USD will test it and further progress will depend on the results of those actions.

2. Litecoin will jump off the resistance area at 146 (where it fluctuates currently) and fall towards the support area at 138. However, there is the Ichimoku cloud on the way, which may prevent bears from pushing LTC/USD lower.

3. LTC price remains close to the current levels or move slowly around the local ascending trend line.



As for the daily chart, the situation is the same as yesterday. Litecoin price remains within the Ichimoku cloud. But it jumped off the lower side of the formation meaning there are chances for bulls to drive it towards the upper border of the Ichimoku could at least.

Check more details on XMR/USD and NEO/USD pairs HERE and also post review HERE

Past ICO Review: Ask the Oracle From Middleware



How a superior decentralized oracal technology reels from FUD

ChainLink is what is known as middleware or software that acts as a bridge between an operating system and a database, for instance. ChainLink allows smart contracts on various networks to connect to the resources they need to be successful.

In this era of getting rid of the middleman, ChainLink, while it has good application intentions, is going against the grain. Let’s dig into the financials before talking tech.

Big ICO, small price performance

ChainLink entered the market on Sept. 20, 2017 at $0.15 per token. It broke $1 in January 2018 for about 10 days hitting a high of $1.35 before falling, and falling back down into the depths. At the time of writing, it the price per token sits at $0.52.

Despite raising, some $32 mln during its month-long ICO throughout September and October, the token has not performed well despite the advanced technology. Betamax was also more advanced than the VHS tape but failed to achieve success despite its technological superiority. Some say it lost due to a rumor linking it to Porn- FUD from a bygone era?

Further compounding the price stunting has been all the FUD that has raked up and thrown into the media. There was a point where ChainLink was being called a scam. It seems that buying and selling the rumor is more the norm in the crypto-trading sphere, than buying or selling on the actual news. The FUD really put a wet blanket on the price.

A third factor is its partnership with SWIFT, while it might seem like a great partner, the idea behind cryptocurrency is to do away with antiquated, expensive payment systems. Unless, SWIFT will try to use Blockchain as a way to reinvent itself and become competitive with cryptocurrencies?

ChainLink tech: decentralized Oracal nodes

ChainLink is a decentralized oracle solution that bridges the gap between what is going on in the world and the Blockchain-based smart contracts. While smart contracts can only be executed internally on the Blockchain, there needs to be something that links external APIs to the Blockchain, so smart contracts can execute automatically based on real-world factors.

The problem with oracles are that they are centralized or owned by a company. There is a potential for bias in the information being transmitted by the oracal to the smart contracts.

When a third party provides the oracle service for executing smart contracts, that trustlessness or decentralization disappears.

ChainLink’s solution to this problem is that it is the oracle: decentralized oracles powered by Ethereum-based ERC20 tokens are what makes ChainLink the middleware. The data being sourced from the decentralized oracles is unbiased a not from a sole source but multiple sources which allows for better consensus and verification.

Dynamic Duo

ChainLink is run by two key players Sergey Nazarov and Steve Ellis. Nazarov began his career building peer-to-peer marketplaces, going on to the investment team at FirstMark Capital. He joined the cryptocurrency revolution in 2011. Ellis was previously a Software Engineer and Team Lead at Pivotal Labs, where he worked on securing sensitive HIPAA compliant data and building scalable payments automation software.

ChainLink offers a lot of fascinating technology but fails to deliver due to overblown FUD which has marred its reputation. While it has raised some $32 mln from the ICO, it could perhaps better market itself for a better market position. On Coinmarketcap, it is ranked at 103.

You may find other Past ICO Reviews HERE