Airtoken Loans out of Thin Air: Past-ICO Review



No smartphone, no Airtoken, no loan

Airtoken has a unique concept for underdeveloped countries and people without credit or access to a bank account. The parent company Airfox has created an app that turns a smartphone into a virtual bank.

The “bank” is part of a network of users that allows people to build credit and get loans from others and then pay them back over time, allowing the user to start a business or cover emergencies, etc. According to the website,

AirToken is an Ethereum-based ERC20 digital utility token that facilitates the transfer of mobile airtime, data and currency, as well as payments for goods and services, with minimal friction and fees.

Financials

A month-long ICO ran from Sept. 19 to Oct. 19, 2017 and raised some $15 mln in capital for the company.

Airtoken entered the market on Oct. 10, 2017 at $0.0161 per token and reached a high of $0.0822 per token before fall all the way down to $0.01103 at the time of writing.

The token has, like so many others, not fared well.

Airtoken is ranked at 456 by CoinMarketCap and has 1,050,000,000 AIR in circulation and a total supply of 1,491,492,558 AIR. Deployment plans are large for this coin.

The app was already released for use in Brazil and the team has plans to deploy to the rest of South America and beyond.

Marketing and Developing Countries

With the lofty goals for almost global deployment is part of the reason why we are not seeing higher token prices. Also, Airfox is not really adverting in developed countries because its service is geared for people without access to bank accounts and credit. These people are not going to be the ones investing in the token, they are going to be the end user. The only way Airtoken can achieve success is by mass adoption. This will be a bit tricky for the company as it is not the only provider out there offering credit, payment services, and microloans. Besides a handful of competitors in the cryptosphere, there are tons of other “off-chain” companies and nonprofits in this industry.

No smartphone, no Airtoken, no loan

Finally, another challenge that Airtoken will have to contend with is that many people may not even have access to a smartphone to use the app.

While smartphones have become more widespread since the initial launch of the iPhone in 2007, many still struggle to afford the seemingly basic technologies that are taken for granted in the developed world. Access to a smartphone could be a serious barrier to mass adoption that the company is seeking.

Wait and see, wait and see

While the intentions of Airtoken are good and great for the developing world, lack of awareness in the developed world is hard on the token price and the rather competitive market for microloans is large, coupled with access to technology could be the factors that are preventing Airtoken to take off. Perhaps, more time is needed for further implementation.

You may find other Past ICO Reviews HERE

Bitcoin, Ethereum, Ripple, EOS, NEO Continue to Sink: Price Analysis, June 13



Bitcoin and altcoins continue to go down; investors still have fears on CFTC decision

Investors still have negative moods and it is not clear whether they are going to change their mind in the nearest future. There are no positive events as well. The currency pairs are likely to develop their downside tendencies in this situation.

As for the interesting news, Upbit exchange is going to reward those who will report scams and frauds. This plan is working already as 10 schemes of fraudulent were reported in the past several months. Another important thing to pay attention to is EOS voting, which is still on the way. In order to finish this procedure, 150 mln tokens are required.

Bitcoin (BTC/USD) Price Analysis, June 13



Bitcoin has lost more than four percent in the past 24 hours. The currency pair continued to decline meaning buyers have no support currently to change the situation. BTC/USD is correcting in the moment of writing but there is a Flag pattern on the hourly chart, which indicates on the probability of further Bitcoin decline.



Let’s see closer what is going on the hourly chart. BTC/USD has established new lows on Tuesday as the currency pair has reached $6,510 support area. Sellers are unable to push it lower, but there are no signs of a reverse as well. The possible ways for Bitcoin are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $6,510 and run lower, targeting the next support at 3.618 retracement level.

2. Orange scenario (neutral). Bitcoin will stay within the current range, limited by the support area at $6,510 and the resistance area at $6,718 without significant price changes.

3. Green scenario (bullish). BTC/USD will break through the resistance area at $6,718 targeting the next resistance area at $6,943.

Ethereum (ETH/USD) Price Analysis, June 13



Ethereum has lost almost seven percent in the past 24 hours. The currency pair develops its downside tendency that started during the weekend. ETH/USD goes downwards in the moment of writing meaning buyers are still unable to find any support.



Let’s have a closer look at the Hourly chart. ETH/USD had a correction on Tuesday and reached $500.36 resistance area. However, buyers were unable to develop their progress and the price went downwards. Ethereum has reached the closest support area at $473.39. The possible ways for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will break through the current support area at $473.39 and move lower, targeting the next support area at $453.24.

2. Orange scenario (neutral). The currency pair will stay within the current range, limited by the support area at $473.39 and the resistance area at $500.36.

3. Green scenario (bullish). Ethereum will break through the resistance area at $500.36, targeting the next resistance area at 3.618 retracement level.

Ripple (XRP/USD) Price Analysis, June 13



The currency pair has lost almost six percent in the past 24 hour. Ripple seems to develop its downside tendency, started on weekend. XRP/USD corrected on Tuesday, but resumed downtrend later. The currency pair develop its downside tendency in the moment of writing.



Let’s have a closer look at what is going on the hourly chart. The currency pair has reached the resistance area at $0.5643 on Tuesday but buyers were unable to hold this level as XRP/USD retreated later and reached the support area at $0.5444. Ripple is testing this level in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). Ripple will break through the support area at $0.5444 and move lower, targeting the next support area at $0.5088.

2. Orange scenario (neutral). The currency pair will stay within the current range, limited by the resistance area at $0.5643 and the support area at $0.5444.

3. Green scenario (bullish). XRP/USD will break through the closest resistance area at $0.5643 and run higher, targeting the next resistance area at $0.5914.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 13

So sad)
We've still got a lot stories, and I guess it's never ending with ICO

JET8 More Ads in Your Instagram: Past-ICO Review



Gig economy marketing will spam social media to death

The marketer’s dream: get your target audience to participate in marketing and push products through social media with stickers that users can put on their Instagram accounts or special frames from their pictures with product branding.

That is the premise behind JET8, a Singapore-based marketer that is rewarding users with tokens for promoting brands. The tokens can be redeemed for purchases in stores such as 7-11, Alfamart and Circle K around Asia. The SEC and the IRS in the US are going to have a field day with the token.

Financials

While the company was founded back in 2014, the token was not launched until March 8, 2018, two days after the ICO ended.

The ICO ran from Feb. 28 through March 6 and raised some $32.7 mln.

The company has had close to four years to build its own brand and identity before launching the ICO and while it had a good ICO, the JET8 token has not seen much action.

It entered the market at $0.0347 and over the course of a month fell to $0.01, losing two-thirds of its value before being lifted up to $0.022 for a short period and again falling, then surging back up in May and now sliding down to $0.0136 down about 86 percent from its all-time high, which was its debut.

Tokens that that have downward trends after their initial release tend not to fare well over time. There is a reason that investors are selling them off.

Let’s look into what it could be.

The good and the bad, the marketer will sell you them both

While the design is novel and in an era of the gig economy, many people will think, “why not become a gig advertiser and get paid for it?”

Leave the Uber car at home and start taking selfies and adding badges and frames to push products and get rewarded for it. While you are at it, get your Uber car wrapped in an advert and take pictures of it and add your own badge for extra rewards!

Before I continue, I am not endorsing this kind of action, nor promoting shameless advertising tactics. However, it is this very action that will start to ruin it for everyone.

Rampant adverts will desensitize the masses

Herein lies the problem. Advertisers will reap rewards at first as users push ads to get rewarded. Then, the magic fades and people will start to get sick of their friends’ endorsements, the practice will become despised and hated and it will die off as quickly as it appeared.

Furthermore, if such a system came to the US, you better believe that Uncle Sam is going to get his cut. The redeemable tokens are going to be seen as cash by the IRS and they are going to want to tax it as income, and later introduce a sales tax to tax anyone who uses it to pay for goods or services.

As you may already know, governments are slow to react, and JET8 advertising will already be in its waning twilight when the government implements its tax on the crypto. That tax will be the final nail in the casket, as people are already moving away from the app and now the government wants to jump in and take a cut. The remaining users are going to drop that like a hot potato.

While it has a lot of cool marketing angles, JET8 does not leave much for people to have in the long-term future because sending pictures to each other is one thing, but sending pictures every day or every few hours with an advert is another issue that no one wants to be spammed. With the longevity and sustainability of this project diminishes. JET8 is not going survive the fall.

You may find other Past ICO Reviews HERE

Bitcoin, Ethereum, Ripple, EOS, NEO in Correction: Price Analysis, June 12



Bitcoin and altcoins are correcting on Tuesday, investors still have fears

The currency pairs from the top 20 are correcting on Tuesday after a serious decline during the weekend. We have mentioned in our last review from June 11 that the requirements from CFTC to offer transactions data to the US regulatory body was one of the reasons for this significant downside momentum.

However, buyers have found ground on Monday as cryptocurrencies have stopped to decline and started to consolidate. Investors and traders still have fears as the price is unable to make a deeper correction in the moment of writing.

As for the interesting news, Israeli regulators want to ensure protection to cryptocurrency investors and aspire to establish necessary regulatory measures. They want to prevent frauds as well.

Bitcoin (BTC/USD) Price Analysis, June 12



The currency pair added more than one percent in the past 24 hours. Bitcoin has stopped to decline after a huge downside momentum. However, BTC/USD is unable to make any significant correction by the moment of writing meaning buyers still hesitate to make serious steps.



Let’s have a closer look at the currency pair. BTC price has retested the closest support area at $6,718 on Monday but was unable to run lower. Bitcoin has reached the closest resistance area later on Monday, but bulls had no opportunities to make even a fake breakout. The possible ways for the currency pair are the following:

1. Red scenario (bearish). Bitcoin will break through the closest support area at $6,718 and run lower targeting the next support area at $6,510.

2. Orange scenario (neutral). BTC/USD will stay within the current range, limited by the support area at $6,718 and the resistance area at $6,943.

3. Green scenario (bullish). The currency pair will break through the closest resistance area at $6,943 and run higher targeting the next resistance area at $7,181.

Ethereum (ETH/USD) Price Analysis, June 12



The currency pair has lost less than one percent in the past 24 hours but if we look at the hourly chart we can see that ETH/USD is in correction currently. The currency pair had significant losses during the weekend but stopped its decline on Monday. However, buyers are still hesitating to make serious steps.



Let’s see what’s going on the hourly chart. The currency pair has tested 3.618 retracement level on Monday but failed to break it through and reversed. ETH/USD ran towards the closest resistance area at $540.69 later. However, buyers were unable to touch this level. The possible ways for Ethereum are the following:

1. Red scenario (bearish). The currency pair will break through the 3.618 retracement level and move lower, targeting new local lows, established during the weekend.

2. Orange scenario (neutral). ETH/USD will stay within the current price range, limited by the support area at 3.618 retracement level and the resistance area at $540.69 without significant price changes.

3. Green scenario (bullish). Ethereum will break through the resistance area at $540.69 and run higher targeting the next resistance area at $566.90.

Ripple (XRP/USD) Price Analysis, June 12



The currency pair added more than one percent in the past 24 hours. Ripple had significant losses during the weekend, but stopped its downside tendency on Monday and started a correction. However, buyers are still hesitating as the price remains close to Monday’s levels.



Let’s have a closer look at what is going on the hourly chart. The currency pair has tested $0.5643 twice on Monday but was unable to break it through. XRP/USD has tested the closest resistance area at $0.5914 later. XRP price stays close to this area in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). Ripple will break through the closest support area at $0.5643 and run lower targeting the next support area at $0.5444 (local lows).

2. Orange scenario (neutral). The currency pair will stay within the current range, limited by the resistance area at $0.5914 and the support area at $0.5643 without significant changes.

3. Green scenario (bullish). XRP/USD will break through the resistance area at $0.5914 and run towards the next target at $0.6216.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 12

Bitcoin, Ethereum, Ripple, Neo Lose Momentum, EOS Trying to Restore: Price Analysis, June 8



Bitcoin and the other cryptos lose their momentum, EOS is still holding its positions

The top 20 cryptocurrencies are in downside correction on Friday as there is still nothing new in this industry, which may affect coins and lead to big and serious movements. All cryptos are influenced by technical aspects currently.

As for interesting news, we suggest paying attention to Carbon Black’s report, which says that criminals have almost no difficulties to steal cryptocurrencies from users. According to the latest data, hackers are able to use over 10,000 marketplaces in order to steal digital money.

Another interesting thing to pay attention to is the launch of EOS mainnet as the last tests seem to end. The cryptocurrency shows bullish tendencies as investors and traders are looking forward to seeing the release of this update.

Bitcoin (BTC/USD) Price Analysis, June 8



Bitcoin has lost less than one percent in the past 24 hours. The currency pair is still in upside correction to the previous downtrend, but this week, BTC/USD shows no significant fluctuations. Bitcoin is still below the green ascending trend line.



Let’s have a closer look at what is going on the hourly chart. The currency pair has reached $7,734 previously but failed to hold this level or to run higher and went downwards. BTC/USD has touched $7,565 again and fluctuates there in the moment of writing. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through $7,565 support area and move lower, targeting the next support area at $7,341.

2. Orange scenario (neutral). BTC/USD will stay within the current range, limited by the support area at $7,565 and the resistance area at $7,734.

3. Green scenario (bullish). The currency pair will run towards $7,734 and break it through targeting the next resistance area at $7,949.

Ethereum (ETH/USD) Price Analysis, June 8



Ethereum has lost less than one percent in the past 24 hours. The currency pair develops its correction to the previous downtrend. However, ETH/USD seems to lose its momentum, as it fluctuates within a horizontal range this week.



Let’s have a closer look at what is happening on the hourly chart. Ethereum fluctuated within the range on Thursday. ETH/USD stays close to the support area at $596.08. What are the possible ways for Ethereum?

1. Red scenario (bearish). ETH/USD will break through the support area at $596.08 targeting the next support area at $566.90.

2. Orange scenario (neutral). The currency pair will move towards the closest resistance area at $626.66 and jump off this area, targeting support at $596.08.

3. Green scenario (bullish). Ethereum will grow towards $566.90 resistance area and break it through targeting the next resistance area at $662.39.

Ripple (XRP/USD) Price Analysis, June 8



Ripple has lost almost two percent in the past 24 hours. The currency pair continues its upside correction to the previous downtrend, but it is below the green ascending trend line. It seems like XRP/USD has lost momentum currently.



Let’s have a closer look at what is going on the hourly chart. XRP/USD failed to break through 0.5 retracement level and reversed downwards. Ripple fluctuates close to 0.786 retracement level in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). The currency pair will break through the closest support area at 0.786 retracement level and run lower, targeting the next support area at $0.6519.

2. Orange scenario (neutral). XRP/USD will stay within the current range limited by the resistance at 0.618 and the support at 0.786 retracement level.

3. Green scenario (bullish). Ripple will jump over the resistance at 0.618 retracement level and move higher targeting 0.382 retracement level.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 8

Top 10 ICO Scams



ICOs boomed in 2017, but so did the scams. Here is a rundown of the biggest ICO scam heists

1. Pincoin and iFan $660 mln
2. Plexcoin $15 mln
3. Bitcard $5 mln
4. Opair and Ebitz $2.9 mln
5. Benebit $2.7 mln
6. Bitconnect $700,000
7. REcoin and DRC $300,000
8. Confido $375,000
9. PonziCoin $250,000
10. Karbon $200,000

If 2017 is known as the year of the ICO, then it will also be known for the year of the ICO scam. Over the past few years in which ICOs have been running, there have been some scams here and there.

However, with all the attention that crypto started to receive in 2017, this limelight cast a shadow for the scammers to hide in and grow. With some good web development and marketing skills, scammers were able to swindle millions of dollars from poor investors.

Let’s have a look at some of the biggest scams, ranked by amount of money stolen.

1. Pincoin and iFan $660 mln

Two coins under one company called Modern Tech, which is headquartered in Vietnam, but the coins are located in Singapore and Dubai, respectively, might just have become the largest ICO scam in history.

The two coins combined have suckered some 32,000 investors out of more than $660 mln when they refused to make cash payouts.

On calls from the duped investors and some local government backing, the companies have gone silent, the first sign of guilt. Should it be proven that they made off with that much money, they will be the largest ICO scammers to date.

2.Plexcoin $15 mln

This Quebec-based scammer got the book thrown at him by Canada and the US in a cross-border scam that allegedly raised more than $15 mln.

The scammer and founder of Plexcoin, Dominic Lecriox, promised investors that Plexcoin would be able to do the same things Bitcoin can do, except his would be much faster.

This was back in the days before Bitcoin launched the lightning network, which significantly sped up transactions and reduced the abhorrent miners fees the ballooned over the last quarter of 2017.

While Canadian courts fined his company $100,000 for contempt of court and a two-month jail sentence, the US and SEC are still trying to get a piece of him, however, still held up in court.  

3. Bitcard $5 mln

It is hard to say whether Bitcard had malevolent intentions when it launched all the way back in 2014, with big promises to completely overhaul business, government, trading and transaction software.

While it had a good hook to catch and reel in investors, it was lacking a way to go about doing what it promised.

There was no white paper and inconsistencies on the website. When complaints started to appear, the team vanished and so did the $5 mln they raised after the ICO.

4. Opair and Ebitz $2.9 mln

These are two ICOs that were launched by one clever scammer, only knows as Wasserman to defraud investors not once, but twice in a unique scheme that tied the two together via domain rerouting.

Opair was to be a decentralized debit card system that ran on its own token. Ebitz was rerouting its domain though Opair. Opair was shut down after some investors doing their due diligence found out LinkedIn profiles were fake. But Ebitz, which billed itself as a better Zcash, ran a bit longer before shutting down and vanishing with almost $3 mln total between the two.

5. Benebit $2.7 mln

Benebit was going to offer a way to get more points, similar to credit card rewards with tokens through this scam. However, fake LinkedIn profiles did these scammers in, too.

They stole photos from an all-boys school and used the photos to create the team on LinkedIn. I guess some investors were tipped off by how young the team was and that they all wore the same clothes. Nice try, but the scammers did not think that one through very well.

6. Bitconnect $700,000

While Bitconnect had been accused of being a Ponzi scheme a few times before, it finally stuck when the SEC moved in ordered a cease and cease and desist against the company. Users of the platform were able to lend and make interest on Bitconnect tokens, which had a Ponzi-based referral system.

Since its closure, Bitconnect is facing a class-action lawsuit from users who were duped out of their money.

7. REcoin and DRC $300,000

Two coins one creator, sound familiar? Real Estate Coin and Diamond Reserve Club (DRC) were supposed to take the next step and be backed by real-world assets, real estate and diamonds, respectively. However, founder Maksim Zaslavskiy overclaimed too much and the SEC came in shut him down and arrested him because his two companies were, in fact, empty shells, and the ICOs were considered securities and not related to the blockchain. Zaslavskiy was arrested in late September 2017. The SEC has an ongoing investigation into this case.

8. Confido $375,000

Not much to report on this “smart-contracts” based hoax, which never came to fruition because the founder said that he was in some legal troubles, which were unmanageable and that he had threats on his life.

Perhaps the two are related? If you steal other people’s money there are bound to be legal implications and threats of death. Think twice before you commit fraud!

9. PonziCoin $250,000

Why on earth would you invest in a coin that bills itself as “the world’s first legitimate Ponzi scheme?!” Well, there were enough duped investors to dump a quarter million into this Ponzi scheme.

This was intended as a joke and perhaps a hard lesson to those out there who don’t do research on what they invest in. According to the website, the show is over and the money has been returned? For a while it was funny.

10. Karbon $200,000

Karbon was supposed to be a decentralized social marketplace. Is that similar to the Facebook page where you and buy and sell things with your neighbors?  

However, what it turned out to be was just a poor folk depositing money into an account with no hope to receive anything in return, little did they do.

More details on ICO HERE

DomRaider is a no Bidder: Past ICO Review



The auction is over for domain auctioneer despite a well-funded ICO

Who doesn’t love a live auction? Items up for bid on stage, the auctioneer is intensely scrutinizing the crowd for the next bidder. A hand goes up. A bid is taken. The price increases. The intensity thickens as more and more people compete for that desired item, whatever it may be- a golden Bitcoin perhaps?

France-based DomRaider (DRT) is seeking to disrupt the auction world for domain names but has run into trouble as its token price slides and there seems to be no one at home updating the website or sending out communications.

Financials

DRT’s month-long ICO from mid-September to mid-October 2017 raised $41.8 mln, a hefty sum. The token entered the market at $0.049 and at time of writing is trading for $0.016, a major fall of 67 percent. It is not looking like a very good sign for DTR. Additionally, there is a circulating supply of 591,500,000 DRT and a total supply of 1,300,000,000 DRT, which will dampen the price further. 

Red flags

ICANN is a very centralized system of controlling domain names and DRT is seeking to disrupt it.

How? Well, it’s hard to say because there is no white paper on their website and the link, if there ever was a link there, to the uses of DRT is also non-existent.

You can, however, search it and you are linked to DRT’s blog to access it. But that is a rather unprofessional manner of constructing a website for a company, as potential investors should be able to find things such as a white paper and how a product works without much effort. A final red flag is the poor use of English grammar. DomRaider is looking like no bidder.

Significant risk admitted

If you do manage to find the white paper and read it, you will see that the company has gone to great lengths to protect itself by stating the following:

- The Initial Coin Offering (“ICO”) project presented by the company DomRaider is an unregulated fundraising operation. It poses several risks to buyers, in particular, that of losing all amounts traded for tokens issued by DomRaider.

- DRTs will not be reimbursed in the event that the DomRaider Auction Service is not ultimately developed or does not operate on a permanent basis. DRT owners acknowledge that this is a significant risk that they accept

The developers are aware that this auction house could go up in smoke and that if it does, with a downwards trending token it just might, they have taken the precautions to protect themselves legally if anything were to happen.

No news for months

The most recent news item on the website was from Feb. 22, 2018 and in addition to that there is a “coming in April” banner still up.

It appears there is not much going on at DRT headquarters as the token price slides and the spider-bots are spinning their digital webs around the corners of the site.

While intentions might have been good, this is looking like another failed ICO.

(Gavel strikes table) This auction is over.

You may find other Past ICO Reviews HERE

Bitcoin, Ethereum, Ripple, NEO Make New Highs, EOS at Some Loss: Price Analysis, June 7



BTC/USD and the others establish new highs meaning the correction is still on. EOS loses a little

Cryptocurrencies from the top 20 continue to establish new highs except EOS, which was unable to grow in the past 24 hours. This means that technical correction continues without any fundamental basis.

What are the reasons for this correction? First of all, traders and investors learn more about charts and how to read them. They have seen the support areas for different cryptos and started to buy them increasing positive volumes.

The second reason is that the others have seen BTC and its rivals to grow in the past several days and they also place long orders hoping to purchase cryptos at their lows as they think the whole industry is oversold in the moment of writing.

As for the interesting news, there is almost nothing to pay attention to except Vitalik Buterin’s statements on Blockchain technology. Famous Canadian programmer and Ethereum’s CEO has mentioned that Blockchain is unsuitable for governmental voting.

Bitcoin (BTC/USD) Price Analysis, June 7



Bitcoin has added more than one percent in the past 24 hours meaning the currency pair still continues its upside correction. However, BTC/USD was unable to breach the green ascending trend line from below.



Let’s have a closer look at what is going on the hourly chart. The flag pattern failed to develop as BTC price went through the support area at $7,565 on Wednesday. However, BTC/USD returned above this level later and continued to grow. Bitcoin has reached the next resistance area at $7,734 on Wednesday. What are the possible way for Bitcoin?

1. Red scenario (bearish). The currency pair will move towards the closest support area at $7,565 and break it through targeting the next support area at $7,341.

2. Orange scenario (neutral). Bitcoin will stay within the range limited by the support are at $7,565 and the closest resistance area at $7,734.

3. Green scenario (bullish). BTC/USD will test the closest resistance area at $7,734 and break through this level targeting the next resistance area at 7,949.

Ethereum (ETH/USD) Price Analysis, June 7



Ethereum has added more than one percent in the past 24 hours and established new local highs. However, the currency pair is still in correction. It is too early to say that we have a reverse of a midterm downside tendency.



Let’s see closer what is going on the hourly chart. Ethereum formed a Flag pattern yesterday but declined later, breaking this formation. However, ETH/USD has managed to move higher again as it has found support at $596.08. There is another bullish flag currently on the hourly chart. ETH price is below the green ascending trend line. The possible ways for Ethereum are the following:

1. Red scenario (bearish). ETH/USD will move towards the closest support area at $596.08 and break through it targeting the next support area at $566.90.

2. Orange scenario (neutral). Ethereum will stay within the current range, limited by the support area at $596.08 and the closest resistance area at $626.66 without significant price changes.

3. Green scenario (bullish). The currency pair will break through $626.66 targeting the next resistance area at $662.39, which coincides with the one retracement level.

Ripple (XRP/USD) Price Analysis, June 7



Ripple has added almost two percent in the past 24 hours as the currency continues its upside correction to the midterm downtrend. XRP/USD has established new local highs but we can’t say currently that the correction has ended and we have a clear upside tendency as Ripple still fluctuates within the Fibonacci retracement tool.



Let’s see closer what is going on within the Fibonacci retracement. The currency pair managed to test 0.786 retracement level, but was unable to break it out and reversed there. XRP/USD went upwards later on Thursday and reached 0.382 retracement level. It stays close to this position in the moment of writing. The possible ways for XRP/USD are the following:

1. Red scenario (bearish). Ripple will move downwards through several retracement levels targeting 0.786.

2. Orange scenario (neutral). XRP/USD will stay within the horizontal range, limited by 0.382 and 0.236 retracement levels without any significant price changes.

3. Green scenario (bullish). Ripple will grow targeting $0.7013 resistance area, which coincides with zero retracement level.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 7

Totally agree! Though hope on 1M $ by 2020 as John McAfee predicted

Bitcoin, Ethereum, EOS Return to Upside Correction: Price Analysis, June 6



Holy Top 20 is in green Wednesday, technical factors rule the markets

The Holy Top 20 is green Wednesday  (except Lisk naturally, which has shown the negative dynamics in the past 24 hours), which means that cryptocurrencies have returned to their correction paths. Is there something important to make investors and traders change their bearish moods? Obviously, nothing to pay attention to.

This correction is a technical aspect that has no fundamental basis currently. However, nobody is able to predict whether there will be no reasons for growth tomorrow. Anyway, those who have already bought cryptos in the beginning of their corrections are happy now as cryptocurrencies have deeper corrections than initially expected.

As for news, there is nothing to affect the industry, but we would like to mention Steve Wozniak’s interview, in which he stated that Bitcoin will become the global crypto in 10 years.

Bitcoin (BTC/USD) Price Analysis, June 6



Bitcoin continues its correction to the downtrend, which generally looks like wide flat fluctuations. BTC/USD has added almost two percent in the past 24 hours. However, Bitcoin remains under the green ascending trend line, meaning the correction momentum is lost already.



Let’s get closer to the current situation. BTC/USD has reached the support area at $7,341 on Tuesday, but jumped off this level later and managed even to cross the closest resistance area at $7,565. The currency pair has tested the green ascending trend line from below, but buyers were unable to drive Bitcoin higher. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through the closest support area at $7,565 and move lower targeting the next support area at $7,341.

2. Orange scenario (neutral). Bitcoin will stay within the range, limited by the resistance area at $7,734 and the support area at $7,565 without significant price changes.

3. Green scenario (bullish). BTC/USD will move towards the closest resistance area at $7,734 and break it through targeting the next resistance area at $7,949. This scenario includes also the probability for Bitcoin to jump over the green ascending trend line.

Ethereum (ETH/USD) Price Analysis, June 6



Ethereum has added almost two percent in the past 24 hours but ETH price is still below the green ascending trend line. The situation looks like ETH/USD is in correction in general, but the latest fluctuations show that the currency pair is in a large flat with no clear direction.



Let’s see closer what is happening inside the Fibonacci retracement. ETH/USD has reached 2.618 retracement level on Tuesday but failed to hold it as ETH price went upwards. Ethereum has crossed the closest resistance area at $596.09 later. The currency pair stays above this level currently, below the ascending trend line. What are the possible ways for Ethereum?

1. Red scenario (bearish). The currency pair will break through the closest support area at $596.08 and run lower targeting the next support area at $566.90.

2. Orange scenario (neutral). ETH/USD Will stay within the current horizontal range, limited by the resistance area at $626.66 and the support area at $596.08 without any significant changes.

3. Green scenario (bullish). The currency pair will break through $626.66 resistance area targeting the next one at $662.39. This scenario includes also situation when ETH/USD jumps over the ascending trend line.

Ripple (XRP/USD) Price Analysis, June 6



Ripple looks better than allies as the currency pair develops its upside correction. It is close to the boundary of Fibonacci retracement tool and may breach it in the nearest future. However, XRP/USD still stays below the green ascending trend line.



Let’s have a closer look at what’s happening on the hourly chart. The currency pair had a deep downside correction on Monday and Tuesday but managed to cross $0.6515 and several retracement levels. XRP/USD failed to jump over the green ascending trend line, but was close to it. Ripple seem to establish a bullish flag currently meaning the currency pair will be able to develop its upside tendency. What are the possible ways for XRP/USD?

1. Red scenario (bearish). The currency pair will cross 0.786 retracement level and the support area at $0.6515, which coincides with one retracement level targeting the next support area at $0.6216.

2. Orange scenario (neutral). The currency pair will stay between 0.5 and 0.786 retracement levels without significant price changes.

3. Green scenario (bullish). XRP/USD will develop its upside tendency targeting the upper boundary of the Fibonacci retracement, which coincides with the resistance area at $0.7013.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 6

Fitness Monetized: Past ICO Review



Fitness tracker monetization attracts investors and Dallas Mavericks for partnerships

Lithuania-based Lympo has developed an app to monetize fitness tracking and create an ecosystem around it where all participants are fairly compensated.

This sounds like a dream come true on paper, but will the app be able to work as promised?

Not so sure, as the app is slated to be ready in 2020. With a long wait time, fitness enthusiasts may look somewhere else.

Financials

The 11-day ICO ran between Feb. 17 and 28 this year and raised $16.8 mln. The token entered the market at $0.02 and at the time of writing is trading at $0.114 an increase of 450 percent in only four months, impressive!

There are one bln tokens in circulation and it has a market cap of $88 mln. A recent price surge is due to it recently being listed on Bitfinex and Ethfinex and signing deals with the Dallas Mavericks.

Love/hate

Mavericks’ owner Mark Cuban said to Bizjournals "the Mavericks found clear alignment with Lympo’s mission to create a healthier world by utilizing the latest technology to encourage fitness and healthy living in a whole new way."

The Mavericks deal is ironic because of Cuban’s stance against cryptocurrency. However, it was announced last year the Mavericks will begin accepting crypto payments for thing such as tickets, and merchandise. This an ironic turn of events coming from a guy who hates Bitcoin.

Fitness monetized

According to the website, Lympo is building an ecosystem that allows for users to be rewarded with Lympo tokens for healthy lifestyles and achieving fitness goals.

Additionally, Lympo wants to ensure that all data is used by all industry stakeholders and everyone is rewarded fairly. Lympo’s goals are the creation of:

1. a Lympo Fitness Wallet
2. a Marketplace
3. a Lympo crowdfunding platform

The wallet would be used to store users’ rewards, which they could later spend in the marketplace on things such as hiring personal trainers and health service providers. The crowdfunding platform exists to serve as an investment platform for which new data-driven companies could invest into new apps to upgrade the Lympo experience. While this may sound great, and all stakeholders will be fairly rewarded, there is no definition of what that means?

How many tokens will a user get by running a mile or going to the gym? How much it cost for an hour of personal training?

This information is not available and it is reminiscent of a credit card points scheme, where $1 equals one point, but when you go to put that towards your balance, 100 points equals $1. Marketing ploys at their best.

Time is not on anyone’s side in crypto

While this is still a new app, there is still some time required until the technology goes lives and it can be used.

The recent add on some exchanges and the announcement of their first partnership are some major milestones for this startup.

However, the company must get their app up and running or all these big partnerships and announcements will be for nought.

The full release of the app and software is slated for 2020; a long, long time away in the cryptosphere.

On one hand, this gives them time to get the project completed correctly, but on the other hand, it puts investors on edge; seeing things happen so quickly in the cryptocurrency world, 1.5 years is a lot of time to wait.

Time is of the essence with crypto. If you are unable to maintain positive attention, then you will not be able to succeed.

By saying things will be ready to go almost two years later, leaves questions in many minds. In the meantime, investors could lose faith, competition could push Lympo out, lack of communications to the media makes people wary: is the company still working towards goals? Is there infighting? Is this a scam? Many will ask these questions. 

Lympo.lt was founded by Ada Jonuse, which was the initial platform to bring together individuals with personal trainers in Lithuania.

Jonuse is the founder and CEO of Lympo. She leads a team of 11 others that make up the base of the company.

You may find other Past ICO Reviews HERE

Bitcoin, Ethereum, EOS, Ripple, NEO Return to Downtrend: Price Analysis, June 5



Bitcoin, Ethereum and EOS lose momentum, the top 15 cryptos are in red today

Crypto coins seem to return to their downtrends again as almost all the top 20 cryptocurrencies have lost some positions in the past 24 hours. There is no evident reason for them to fall and those downside tendencies may be part of local downward corrections.

As for interesting news, Vitalik Buterin, Ethereum’s founder has revealed that his project is able to process 100 mln transactions per second. He explained that sharding along with Plasma (second layer) will allow the Ethereum network to solve scalability problems.

Another interesting thing to pay attention to is that Ripple has announced plans to donate $50 mln to conduct research works and to accelerate cryptocurrencies’ adoption.

Bitcoin (BTC/USD) Price Analysis, June 5



Bitcoin seems to return to the downside tendency as BTC price has lost almost two percent in the past 24 hours. BTC/USD managed to establish a temporary upside tendency during the weekend, which was a part of an upside correction. However, on Monday BTC/USD started to decline.



Let’s have a closer look at what is going on the hourly chart. Bitcoin has broken through the red ascending trend line and moved lower meaning it has stopped its local uptrend (part of an upside correction). However, BTC/USD jumped off $7,341 support area, which prevents the currency pair from further downside tendency. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through the closest support area at $7,341 and move lower targeting the next support area at $7,199.

2. Orange scenario (neutral). BTC/USD will stay within the current range between the resistance area at $7,565 and the support area at $7,341 jumping off both levels.

3. Green scenario (bullish). Bitcoin will cross the closest resistance area at $7,565 and move higher, targeting the next resistance area at $7,734.

Ethereum (ETH/USD) Price Analysis, June 5



Ethereum followed the other allies and went downwards on Monday after the weekend’s rally, which was a part of an upside correction to the midterm downtrend. ETH/USD has lost more than two percent in the past 24 hours and is able to develop this negative tendency in the nearest future. If the upside correction is done, ETH/USD will likely to develop its downside progress.



Let’s have a closer look at what is happening on the hourly chart. ETH/USD has reached $626.66 resistance area during the weekend but was unable to cross it. The currency pair has started a short-term downside correction on Monday, which looks like the downtrend in the moment of writing as ETH/USD has broken through the green ascending trend line. Ethereum was stopped at $566.90 support area, which coincides with 2.618 retracement level. What are the possible ways for ETH/USD?

1. Red scenario (bearish). The currency pair will break through $566.90 and move lower targeting $540.69 support area.

2. Orange scenario (neutral). ETH/USD will test the closest resistance area at $596.08 and jump off it targeting the      closest support area at $566.90. The currency pair will stay within this range with no significant fluctuations.

3. Green scenario (bullish). Ethereum will break through the resistance area at $596.08 and move higher targeting the next resistance area at $626.66, which coincides with 1.618 retracement level.

Ripple (XRP/USD) Price Analysis, June 5



Ripple moved downwards on Monday meaning this upside correction, which was developing during the weekend has come to an end. The currency pair has lost more than one percent in the past 24 hours but bulls still make attempts to reverse the price. XRP/USD failed to leave the Fibonacci retracement during the weekend meaning buyers are still unable to change the situation in their favor.



Let’s see closer what’s happening on the hourly chart within the Fibonacci tool. Ripple has breached the green ascending trend line and moved lower. XRP/USD is currently above the support area at $0.6515, which coincides with one retracement level. The following ways for Ripple are the following:

1. Red scenario (bearish). The currency pair will move towards the closest support area at $0.6515 and cross it targeting the next support area at $0.6216.

2. Orange scenario (neutral). XRP/USD is going to fluctuate within the range, limited by the resistance 0.786 retracement level and the support area at $0.6515.

3. Green scenario (bullish). Ripple will cross 0.786 retracement level and several other retracement levels targeting $0.7013 resistance area.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 5

Basic Attention Token Fails to Get Full Attention: Past-ICO Review



Basic Attention Token garners just that, basic attention as it fails to follow through on technological developments

May I have your attention, please! That worked, didn’t it? Are you still reading? Good. Then you might want to hear a bit more about how Basic Attention Token (BAT) would like to disrupt the traditional advertising market.

However, has not nearly captured, forgive the pun, it’s just too easy, the attention of the market to do so. Before we get into the technical aspects, let’s have a look at the books. Now, this next section should have your full attention, because it is about money.

!Attention! Financials

BAT had its ICO on May 31, 2017 which lasted for one day brought in $36 mln in funding. The must have gotten some people’s attention to raise that kind of money.

The token debuted at $0.36 and one year later is at $0.28 a loss of 22 percent, ouch! It seems it lost almost a quarter of the initial attention it had received; the excitement dwindles away.

BAT has one bln tokens in circulation with a maximum of 1.5 bln, and there is 500 mln currently uncirculated. It is also an ERC20 token based on the Ethereum Blockchain. It is ranked 58 by Coinmarketcap.   

At this point, 25 percent of you stop reading

But I hope you will continue as I hope this next bit gets your attention, it sure did for the middlemen that are to be cut out of the advertising cycle of BAT gets its way.

It won’t, however, so don’t worry. What it would like to do is create an ecosystem on the Internet where users and publishers can reward each other for either looking at advertising or supporting quality content.

The system is essentially three parties: advertisers, publishers, and users who can directly affect each other based on advertising or content.

Users can block ads or they could get paid in BAT to view ads by publishers or advertisers. In turn, the users could reward the publishers with BAT for quality content.

According to the website: “Digital advertising is overrun by middlemen, trackers and frauds.” The site goes on to list why the publishing industry is dying with the following points.

- Google and Facebook take 73 percent of all ad dollars and 99 percent of all growth.

- Revenue is recently down 66 percent.

- Bots inflicted $7.2 bln in fraud last year.

- Over 600 mln phones and desktops run ad-blocking.

- Publishers cannot seamlessly monetize value-added services.

They have some points, but they have some flaws

Sure, publishers suffer a lot in the wake of the digitization and automation of their trade, but creating a limited ecosystem, where users have the option to block out all the ads is not going to help.

Even still rewarding them with tokens is not going to be the answer either. If getting likes on Facebook and Instagram is hard, imagine how much harder it is going to be if you want someone to pay for your content or in this case give a “tip” for great content.

In reality, it is just not going to be as good as it sounds on paper.

Then there are the technical problems, too. As part of the system, you need to use Brave Browser, a lot of people are not so easily swayed to switch browsers, especially if it is not one they heard of. Does anyone remember Opera? I used it for about a week before going back to Chrome. If they want to succeed, then they need to be able to operate plugins.

You had my attention at… but lost it quickly thereafter

It is a really well-meaning idea, but it only works on paper, sadly. I think we are going to see BAT fall into competition with other coins that do similar things and other advanced ad blockers out there that block ads, delete cookies and, and keep prying eyes out of your browser.

You may find other Past ICO Reviews HERE

Bitcoin, Ethereum, EOS Uncertain, NEO Day’s Loser: Price Analysis, June 4



Bitcoin, Ethereum and EOS look uncertain while NEO loses nearly five percent

Bitcoin and its rivals seem to change their tendencies as they continue to establish new higher highs and higher lows. This positive mood means that corrections go on as there are no significant fundamental drivers to change the situation.

Market participants seem to be tired of those midterm downtrends and make cautious attempts to buy cryptos expecting that those corrections will give support for buyers and they will be able to develop progress.

As for news, there are some interesting facts related to EOS and other cryptocurrencies. The debates between EOS and Qihoo continue as Daniel Larimer, EOS developer, accused Qihoo 360 security in a malicious move against the cryptocurrency, which lead to EOS downtrend. Qihoo 360 founder and CEO Zhou Hongyi denies any malicious intentions underlying that bugs were fixed even before the report.

Another interesting event that is worth our attention is the announcement of the world’s largest venture capital fund by Binance exchange. The main target of this unit is to provide investments to startups and other Blockchain funds.

Bitcoin (BTC/USD) Price Analysis, June 4



The currency pair has lost nearly two percent in the past 24 hours but this time there is nothing to worry about. As we can see, BTC/USD goes along the short-term ascending trend line jumping over one resistance area after another. Technically and fundamentally, this is a correction still as there are no positive drivers to change the tendency. However, those who have bought earlier, already gained some profits.



Let’s have a closer look at BTC/USD. The currency pair has jumped over the resistance area at $7,565 during the weekend and managed to test another resistance area at $7,734. BTC price declined towards the ascending trend line later. BTC/USD is testing this trend line, which coincides with $7,565 support area and 1.618 retracement level currently. The probable ways for Bitcoin are the following:

1. Red scenario (bearish). The currency pair will break through the trend line and move lower targeting two closest support areas at $7,341 and $7,199.

2. Orange scenario (neutral). The currency pair will stay between support area at $7,565 and resistance are at $7,734. This horizontal channel may be larger including the next resistance area at $7,949.

3. Green scenario (bullish). The currency pair will move upwards directly breaking through resistance areas at $7,734 and $7,949.

Ethereum (ETH/USD) Price Analysis, June 4



Ethereum seems to have recovered in general as it goes along is short-term ascending trend line meaning bulls have finally found support and try to drive ETH/USD higher. However, the currency pair having lost nearly two percent in the past 24 hours as bears make attempts to counter-attack. This upside run is nothing more than a correction still as fundamentally there are no reasons for Ethereum to change its trend. Anyway, traders can benefit from this correction.



Let’s have a closer look at the hourly chart. ETH price tries to break through the green ascending trend line and tests the closest support area at $596.08. ETH/USD ran higher during the weekend and established new local highs at $626.66, which coincides with 1.618 retracement level, but then buyers retreated allowing sellers to start a local bearish correction. The possible ways for ETH/USD are the following:

1. Red scenario (bearish). The currency pair will break through the trend line and the closest support area at $596.08 and move lower targeting the next support area at $566.90, which coincides with 2.618 retracement level.

2. Orange scenario (neutral). ETH price will reach the closest resistance area at $626.66 and jump off it moving towards the green ascending trend line. Horizontal channel for the neutral scenario is limited by support area at $596.08 and resistance area at $626.66.

3. Green scenario (bullish). ETH/USD will cross $626.66 resistance area and run higher targeting $662.39 resistance area.

Ripple (XRP/USD) Price Analysis, June 4



The currency pair seems to restore as XRP price reached the end of Fibonacci retracement on the weekend. However, later, XRP/USD jumped off this resistance area at $0.7013 and moved lower targeting the green ascending trend line. Ripple added less than one percent in the past 24 hours due to the local bearish correction that we can see on the Hourly chart currently.



Let’s have a closer look at the hourly chart. Ripple followed the other allied currencies and managed to establish new local highs. We have drawn this local red ascending trend line, which is under bombardment in the moment of writing as XRP/USD is trying to breach it. The possible ways for the currency pair are the following:

1. Red scenario (bearish). Ripple will break through the ascending trend line and the closest support area at $0.6515 and develop its downside progress targeting $0.6216 support area, which coincides with one retracement level.

2. Orange scenario (neutral). The currency pair will move towards 0.618 retracement level and then decline to the current support area at $0.6515.

3. Green scenario (bullish). XRP/USD will cross all Fibonacci retracement level and reach $0.7013 resistance area at least.

Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 4

Status, a Community Project That Raised over $100 mln: Past ICO Review



Blockchain OS is on its way. Are you ready for the next level of computing?

Status OS  is a lite client of Ethereum. It is a small operating system that has encrypted services such as web browsing, chat, and payments - in Ether only.

The ICO raised $102 mln during a one day only sale on June 14, 2017. The entry price per token was $0.0366 and it is now trading at $0.95273.

The platform is based on the Ethereum Blockchain. This means that users can design their apps via smart contracts. Status is thus also connected to the Ethereum peer-to-peer network and can exchange data via the decentralized network.

Status’s Light Client offers a good opportunity for many users to work with the Ethereum Blockchain without having to download it completely.

The Status platform sees itself as a community project that functions via an open source system. Anyone who wants to participate can work on the platform. This ensures that users ensure the network design. Interestingly, Status sees itself as a new form of social media platform.

Seven dapps and more to come

That sounds like a lot of functions, so what can Status do for me?

There are seven dapps on Status so far, with more to come in the future. First, it is possible to receive, send and save Ethereum or other cryptocurrencies. Status has an eWallet built into the dapp so you can use it for payments, sending or receiving money.

Also, users can also trade in Ether or use it as a means of payment in shops, provided that that store will accept payment in ETH.

The app provides the service to use its own encrypted and mobile identity to make digital interactions more secure. When you visit the site, you can download many different dapps which are all associated with Status and can be used within the Status OS app.

Messaging, payments, smart contracts and more

Additionally, there is an encrypted messenger, such as telegram, which can be used to send or receive Ether, complete Smart-Contracts and simply chat with friends.

In regards to payments, the Status Hardwallet is a particularly innovative solution as currently no other hardware wallet or mobile wallet in the industry supports transaction settlement through NFC.

Since the wallet will be compatible with all major cryptocurrencies including Bitcoin, Ether, and ERC20 tokens, users outside of the Status network will be able to use the Status Hardwallet to store and transact using other cryptocurrencies.

Seven dapps within the OS:

uPort
Declare digital independence. uPort is a self-sovereign identity system.

Gnosis
Crowd sourced wisdom. Make complex predictions on the go with an easy to use prediction market.

Oasis Exchange
Enjoy a near-instant decentralized digital asset exchange between ETH and ERC20 tokens.

Ethlance
The decentralized jobs marketplace. Hire or work for cryptocurrency, with no fees.

Aragon
Create unstoppable companies and organizations, and value without borders.

Etherisc
A decentralized insurance platform. Buy a policy on the go, and be paid claims automatically.

Ujo
Ujo is a home for artists. Create and control your creative content, and share it with the world.

The low down

This is a new take on the traditional OS for sure, but what we won’t know is how it will be received when it launches. When it comes to any product or service, it is the metrics and the number of units sold that matter to the market and to, most importantly, the investors. While the token is not worth much, it does not mean that the company is not worth anything. Until then, investors and users alike are awaiting the release of the software. Only after that point will Status be able to prove its status.

You may find other Past ICO Reviews HERE

Now we are trying to explore big projects, how much did it collect?
I will take it to notes..

Bitcoin, Ethereum, Ripple in Green, IOTA Day’s Leader: Price Analysis, June 1



EOS loses a little, IOTA grows, cryptocurrencies across the board are being in green

All the major cryptos from the top 20 are in a positive mood on Friday, but in general, there is no clear tendency currently as fluctuations are neutral. Cryptocurrencies seem to stop or to pause (which sounds better here) their downtrend for a while. However, what we see now on the charts looks like a correction and not a reversal.

The fundamental background is neutral in the moment of writing as there are no news to affect the industry significantly. However, some interesting facts we have gathered here. Despite the fact that almost all cryptos are green, EOS looks weak as Qihoo 360 has found security problems that lead to some losses. However, EOS still holds its positions generally as the system will transfer to mainnet on June 2, 2018.

As for the general picture, cryptocurrencies still need some good news to start the uptrend. They remain neutral and seem to be in correction to the previous downtrend.

Bitcoin (BTC/USD) Price Analysis, June 1



The currency pair started a correction this week and added around one percent on Friday. BTC/USD has jumped over the descending trend line and moved higher meaning bulls have finally found their support point.



Let’s have a closer look at the current situation within the Fibo retracement graphic tool. The currency pair still tests 1.618 retracement level, which coincides   with the $7,565 resistance area. It stays within a horizontal channel with no clear direction. However, we have lower lows meaning the currency pair forms a kind of an ascending triangle, which is able to burst upwards. The possible ways for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will move towards the closest support area at $7,199 to test it. If successful, sellers will be able to push BTC/USD even lower.

2. Orange scenario (neutral). BTC/USD will move towards the closest support at $7,199 to test this line. However, bears will be unable to penetrate through this area and will retreat as BTC price will go upwards targeting the closest resistance area at $7,565.

3. Green scenario (bullish). Bitcoin will jump over $7,565 and run higher targeting one retracement level, which coincides with the $7,949 resistance area.

Ethereum (ETH/USD) Price Analysis, June 1



Ethereum has added nearly two percent in the past 24 hours. However, the situation currently is still far from being positive as ETH price has difficulties to grow. ETH/USD is above the descending trend line currently meaning buyers have a chance to change the game.



Let’s zoom a bit to the Fibo retracement tool. ETH price shows low volatility today. It is close to the support area at $566.90. ETH/USD has broken through the descending trend line on Wednesday. Ethereum makes attempts to run higher since but still needs more power. What are the possible ways for ETH/USD?

1. Red scenario (bearish). ETH/USD will break through the current support area at $566.90 and move lower targeting the next support area at 3.618 retracement level.

2. Orange scenario (neutral). Ethereum will jump off the current support area at $566.90 and move higher towards the next resistance area at $596.08. ETH/USD will reverse there to move lower (flat fluctuations).

3. Green scenario (bullish). The currency pair will reach $596.08 resistance area and move higher towards $626.66 resistance area, which coincides with 1.618 retracement level.

Ripple (XRP/USD) Price Analysis, June 1



The currency pair added nearly one percent in the past 24 hours. The volatility is low and there are no drivers currently to affect XRP price significantly. However, XRP price is above two descending trend lines (midterm and short-term) meaning chances for the price to rise are higher.



Ripple has reached the resistance area at $0.6216, which coincides with 1.618 retracement level. There were several tests, but bulls were unable to cross this line. The price jumped off $0.6216 again and moves towards the closest support area at $0.5914 in the moment of writing. What are the possible ways for ETH/USD?

1. Red scenario (bearish). Ripple will reach the closest support area at $0.5914 and cross it targeting the next support at 2.618 retracement level.

2. Orange scenario (neutral). The currency pair will jump off the closest support area at $0.5914 and mover higher towards 1.618 retracement level, which coincides with $0.6216 resistance area. There, XRP price will reverse again to run lower (meaning flat channel trading).

3. Green scenario (bullish). The currency pair will reach the closest support area at $0.5914 (or start from the current levels) and then will reverse upwards targeting $0.6216 and the next resistance area at $0.6515.

Take a look at EOS (EOS/USD) and IOTA (IOTA/USD) Price Analysis, June 1 HERE

Past-ICO Review: Kin the One You Didn’t See Coming



Seeking to take over the crypto economy with a messenger app, Kin is coming

Social media plays a major role in the modern lifestyle and since the creation of Facebook people are trying to find ways to monetize the interactions on social media, either by selling users’ information to advertisers. This has become the world we live in with the Internet being an intermediary for almost everything we do now and social media plays a big part.

Enter Kik, a Canadian social-chat app that runs on Kin to create an ecosystem that rewards developers and creators on its platform with valuable incentives leading to a quality user experience without using advertisements. Let’s look at the financials before we dig deeper into the technology.

In Black or Red it’s Hard to Tell

Kin ran a 14-day ICO from Sept. 12-26, 2017 and amassed an astounding $98 mln! It has a market cap of $144 mln and circulates 756 bln tokens out of a limited supply of 10 tln tokens. The current price per token is $0.000191 up from the introductory price of $0.0000093, which is about a 93 percent return on investment if you would have bought during the initial release.

ERC20 to change to Stellar

In an interesting turn of events, the ERC20 Kin token will be shifting over to the Stellar Lumens Blockchain. This was announced late in 2017 by CEO, Ted Livingstone. The changes have already started to appear. Kik Messenger has moved to fork Stellar while also developing its own Blockchain that would combine the best of Ethereum’s Blockchain as well as Stellar’s Blockchain to come up with a scalable proprietary network for Kin.

Trustless system to evolve

By using a permission-nodes based system, Kik has established a zero-fee Blockchain network that will eventually hand over control of the network to the users. This will be done by working with partners who will eventually own a large percentage of the trusted nodes. By this design, the development team at Kik hopes to develop a trustless ecosystem that truly decentralizes control of the platform. However, it should be noted that there is still room for error because if becoming a partner is based on holding a large amount of Kin tokens then there is a chance that only the rich. In terms of Kin token holdings, will be able to control the system and that is putting too much power in the hand of only a few which is a dangerous situation.

Goal to be most used crypto

The Kik messenger app debuted in 2010 and has some 300 mln registered users, of which 40 percent are US teenagers, according to TechCrunch.  With a group of people that large, it would be easy for Kin to become the most used cryptocurrency, if you have 300 mln users interacting with each other every day.

It will be interesting to see how younger users use Kik and Kin in conjunction with the messenger app, as most younger people don’t care about crypto, they just want a cool messaging app so they can chat with their friends and send goofy dog-face photos. There will, of course, be some major usage but if the majority of the users don’t care about Kin, does this become an all-for-nought enterprise? Time will tell Kik and Kin make the changeovers from Ethereum to the Stellar Lumens Blockchain. Moreover, the rewards engine is a big factor that can have a major impact how people will interact with the app. When the rewards start getting doled out in Q3 2018, behaviors may start changing when users start making some money.

You may find other Past ICO Reviews HERE

Top 10 ICO Failures of 2017



ICOs like businesses fail too, here are some of the biggest failures of 2017

It is true that 50 percent of all businesses fail, and that is also true of ICOs- they are businesses, too. From 2017, let's take a look at the top 10 ICOs that failed the hardest, due to bad business practices, founder quarrels, poor products, or scams run by con-artists.

1. OneCoin

OneCoin could have its own article, but for the sake of space, we’ll summarize the story here. OneCoin was a true Ponzi scheme concocted by Ruja Ignatova, a Bulgarian national who has been previously connected with other Ponzi schemes. She founded two companies OneCoin Ltd. in Dubai and OneLife Network in Bulgaria. Between the two companies, which sold investment educational material. Later when questioned by authorities, OneCoin claimed that it only sold educational materials and was not selling tokens, when in fact they were. Buying into the “educational packages,” which were blatantly  plagiarized materials, the victims received OneCoin tokens which were used to “mine” OneCoins. Long story short, Europol got involved, the only exchange where OneCoin was worth anything (OneCoin’s own exchange) shut down and the OneCoin became zerocoin- worthless. Charges were later brought against Ignatova in India in April 2017, at a OneCoin recruiting meeting. There are accounts of her arrest several times in various countries in 2017, however these accounts appear to be false and Ignatova is at large. In Late January 2018, Bulgarian police raided the office in Sofia and officially shut it down.

2. Enigma

It is still a mystery of who hacked Enigma, which was a legitimate business at the time. Engima was rather boastful about its security and new encryption techniques ahead of its ICO. However, its security seemed subpar when all of its systems were hacked mailing list, website, and Slack channel were hacked. The hackers used the above to reach out to potential investors about a “pre-ICO sale.” Despite warnings about a scam, many still invested at hackers made off with $500,000 worth of ETH. The CEO then looked pretty bad because his account was hacked because he did not set up his two-factor authentication. Whoops.

3. Droplex

A pure rip off QRL. Without any effort, scammers copy pasted QRLs white  paper and GitHub code to their site and only replaced QRL with Droplex. When people started to become aware, the scammers slowly reacted by changing the code. In the end, the lazy scammers’ haul was about $25K. Not bad for cheaters, but in the end cheaters never win; karma will come around.

4. Coindash

Israel-based Coindash was another hacking victim. Hackers either created an identical website or diverted the wallet address to make off with more than $10 mln in stolen ICO funds. The company still managed to raise about $6.4 mln and promised to send tokens to those who donated to the hackers inadvertently. Despite this once a hack happens and money is stolen, reputations are forever damaged and it near impossible to reverse the damage.

5. Veritaseum

Hacked or inside job? Veritaseum, a p2p personal banking company, lost $5.4 mln to alleged hackers. However, it was unclear what really happened as there were many red flags about the company’s website, the technology used, and many cries from Reddit about these things and the general shadiness of how the story unfolded and the rather weak defenses the company took. The final nail in the coffin was the large sale of Veri tokens and massive price increase around the time of the sale--someone got rich fast. Who could that be?

6. Parity

Wallet hack, yes your wallet can be hacked too! Finding a vulnerability in the multi-signature wallet issued by Parity. Parity is used for building Dapps and comes with a wallet. The hacker made off with $30 mln! But the gains did not last long as other hackers were able to trace down the pathways and recover most of the funds that were stolen.

7. Swisscoin

If it’s Swiss, its usually superior quality, right? Well, not for Swisscoin, this project had more holes in than Swiss cheese. Swisscoin was touted as an instant payment system with interest-free payments. I have heard of fees for making money transfers, but who pays interest on transfers, unless they were sending loans...Logic interrupted… regardless of what they were trying to do. They were busted by the Swiss police and $500,000 of stolen cash was found, as well as a stash of weapons and ammunition. The scammers face 12 years in prison.

8. Slot N Slot

While it is not a new idea to have a Blockchain-based, trustless gambling gaming website, what is new is one where the founders come forward and cancel the ICO because they were not going to be able to satisfy investors. The following is from the Slot N Slot team: “At the current stage, we lack the confidence that the project can be a success, and enforcing the crowdsale in such conditions is an irresponsible decision. For this reason, we are retracting the crowdsale (ICO) for the project.” At least they were honest.

9. Centra Tech

US Boxing Champ Floyd Mayweather gave some PR to Centra Tech, which launched an ICO in the fourth quarter of 2017. It raised nearly $32 mln. However, the founders and owners of Centra Tech are being changed by the SEC for selling unregistered securities. The charges were brought when the SEC discovered the company has no agreement with either MasterCard or Visa to support their prepaid cards (there were part of their business model) and also for having falsified impressive biographies and creating false or misleading marketing materials. The SEC won this round by technical knockout.

10. Ahoolee

A search engine for products just does not seem like a good idea, when you can just search via a general search engine.  This was just a bad product with no interest. CEO Sergey Ryabov said in a statement that “We will repack the product. Perhaps we will rebrand it. Bring the globality of our idea to investors. We will conduct the pre-sale and ICO according to the usual market scheme, attracting large investors in advance. Actually, everything is just beginning!

While there are many more that failed, this was just a glimpse into why and how so many ICO fail after launch. The reasons behind the failures are the same ones that countless other business suffer from. While there is a lot of hype behind all the failures, don’t let this fool you, there are plenty of successes out there too.

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