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AirSwap: Decentralized Exchanges are Taking Over

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AirSwap is a decentralized peer-to-peer exchange allowing users to trade ERC20 tokens. Some other exchanges are more centralized and therefore susceptible to security issues, and possible network failure. AirSwap facilitates transactions via a smart contract moderates every transaction, therefore, eliminating many risks associated with other exchanges.

When using AirSwap to trade tokens they are swapped immediately between the parties. At no time does a third party have access to either the seller’s or buyer’s funds, making AirSwap a true peer-to-peer network.

AirSwap also allows its users to build storefronts, marketplaces and auctions on its decentralized network. Because of this factor, users can construct business and commerce models on the blockchain. Online companies can allow their customers to facilitate payments via a smart contract without the need for a centralized authority, like a bank.

If you look at the current chart, you will see that a couple of things are happening. First, a descending wedge has formed, which is a bullish sign. Also, a horizontal flag has formed keeping AirSwap bouncing off of past resistance levels. Watch over the next few days to see which way the trend breaks out of the triangle. The 24-hour volume has increased over the past few days with prices maintaining high levels. This is a bullish sign.

Airswap solutions

AirSwap offers several advantages, including the following:

  • Security: Eliminates the middleman of the centralized exchange. AirSwap wants transactions to happen directly from wallet to wallet. This kind of transfer ensures that no third parties are in control of your assets.
  • Privacy: In a decentralized exchange, two parties interact with each other with no intermediary. Negotiations happen privately off-chain.
  • Fair: Transactions are only between the two parties in the negotiation eliminating front-running and ensures that no third party has knowledge of the ongoing negotiation and cannot take advantage. Therefore, prices are comparable or even better than what one would expect on a regular exchange.

Based on the above advantages, AirSwap:

  • Eliminates the need for personal information or other KYC processes.
  • Eliminates deposit and withdrawal fees.
  • Gives investors full control of his/her assets.
  • Gives option for ERC-20 trading pairs (i.e. POWR/QSP, REQ/ZRX, DRGN/SALT, etc.)

AirSwap allows users to trade Ethereum tokens without the risk of hacks or paying exchange fees through a global network.

An extensive team that comes from working with major companies such as Google, Zynga, Zappos, and Spotify.

On January 12, the platform announced the release of its token trading mobile app, which is also now in beta.

AirSwap was recently selected as a top 10 semi-finalist for the CES 2018 Extreme Tech Challenge, a high profile startup competition, resulting in AirSwap being invited to Necker Island for a one-on-one dinner with Richard Branson. Goldman Sachs selected AirSwap to represent decentralized exchanges at their Investor Conference. Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin and aims to get the business running by the end of June.

Clearly, there are many reasons to be bullish on AirSwap. Traders monitoring the burgeoning altcoin universe might want to pay attention to AST, which is currently ranked 123rd among active cryptocurrencies in terms of market cap.

AirSwap (AST) Key Metrics

  • Price: $1.22 USD (-4.41%); 0.00010500 BTC (-6.19%); 0.00101881 ETH (-12.95%)
  • Market Cap: $183,616,500 USD
  • 24/hr Volume: $19,517,900 USD
  • Circulating Supply: 150,000,000 AST
  • Total Supply: 500,000,000 AST
  • Exchanges: Binance, Liqui, OKEx, Huoi, EtherDelta

Disclaimer: Analyst is not currently invested in AirSwap.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 53 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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Crypto Market Dumps $7.5 Billion Overnight; Altcoin Correction Hits TRX, ADA, BCH and XLM

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The global crypto market dumped $7.5 billion overnight, with the majority of the bleed-out coming from the altcoin market.

Optimism had been high for some time regarding a possible altcoin divergence, however with the overnight descent of most of the recent market gainers, it appears that such hopes were a little premature.

The dip wiped out a significant chunk of the recent gains made by Stellar (XLM), Bitcoin Cash (BCH), Cardano (ADA) and Tron (TRX) – all coins which had recorded healthy pumps in the previous month or so.

Tron (TRX) Price Correction

After a flurry of positive developments in recent months which appeared to translate to coin buys, the TRX valuation has now sunk 14.7% in the past seven days.

The coin sunk 5% in the previous 24-hour period, with most of the losses coming in a sudden flash dip which hit the entire market at around 09:00 UTC, Wednesday morning. The TRX price fell from $0.022508 down to $0.021366 – a new monthly low for the coin, but still safely above the quarterly low in the $0.017 range.

Cardano (ADA) Falls

Cardano was hit even harder on Wednesday morning, losing 6.5% in the flash dip which dropped ADA’s valuation from $0.075737 down to $0.070761.

Like Tron, Cardano’s weekly figures look even bleaker, with the coin price shipping 11.2% of its value in the past seven days. This comes after a month in which Coinbase speculation first boosted ADA’s numbers, and then kept the coin afloat during a stagnant market in early November.

Bitcoin Cash (BCH) Loses Hardfork Gains

The anticipation surrounding the nearing Bitcoin Cash hardfork pushed the coin price to +50% growth during the surge of early November. The previous seven days were less kind to BCH, as the coin sunk to +25% losses in its descent from $638.55 to $475.29.

The past 24-hours saw BCH lose 12.4% of its value, even as trade volume was sustained above the $1 billion level – more than twice that of XRP, and almost as much as Ethereum.

Stellar (XLM)

Like Cardano, Stellar is one of the three coins remaining in the batch of coins up for Coinbase consideration. In fact, Stellar appears to be the popular favourite to be listed next on the exchange, and the previous two weeks saw XLM gain 30% on its value as the Coinbase anticipation ramped up.

However Wednesday morning’s dip wiped 7% off the XLM valuation in just a few hours, sending the coin price from the $0.26 range back down to $0.247261. Stellar is now down 12.7% from its recent peak.

Bitcoin Comparison…

Bitcoin, meanwhile, has held its value better than the altcoins, losing just 1.25% in the previous day, and 3.8% in the previous week, and continues to trade safely within the narrow range established in Q2, 2018.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 88 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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Zcash Price Analysis: ZEC/USD Penetrating Vital Resistance, Which is Key for Greater Upside

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  • Zcash has remained elevated over the past few days, as a result of potential speculation across the social media space regarding a Coinbase listing.
  • ZEC/USD bulls must break down supply area heading into $140, to unlock chunky buying pressure.

ZEC/USD bulls have been pressing hard to break above the very stubborn resistance, which is seen just above the $140 price territory. For going on six sessions now, the price has failed to clear the above supply area. It is seen tracking from $138 up to $140. ZEC/USD has not been above this territory since 28th September. There has been much penetration of this, which very well could suggest a strong breakout to come.

Zcash Speculation

Efforts by Coinbase to expand its offering has raised speculation that ZEC may be due for consideration. As recently reported, the largest U.S exchange, announced the listing of Basic Attention Token (BAT) on its trading platform and apps. Elsewhere, they opened the doors for trading 0x (ZRX), which was the first ERC-20 token to have been listed on the platform. Given these moves, there has been continued speculation across the social media space regarding possible listing of Zcash along with the likes of Cardano (ADA), and Stellar (XLM).

Technical Review – ZEC/USD

ZEC/USD daily chart

The ZEC/USD bulls are having a hard time, as their rallies continue to be short-lived due to repetitive failure to breach key resistance. On each occasion the price has entered the detailed supply area, heading into $140, it has been sent back south by some force. It could very well be that ZEC/USD is moving within consolidation mode, after the chunky recent surge. The bulls had seen a decent run from October 31st. Gains seen within this period were a chunky 20%.

Support Levels

Looking to the downside, a decent level of daily support can be eyed just sub-$128. During the current form of consolidation eyed, this area has proven to be of use. Further south, eyes would be back on the breached pennant pattern. This is where ZEC/USD began its most recent forceful upside trend. The price had managed to catch some bidding at the lower part of the pattern to then see a breakout to the upside. A potential pullback to the pennant could see the price around $118.

Upside Targets

Should the market bulls manage to gather enough upside momentum, eyes will be on another retest of the supply heading into $140. A breach above will likely see the price heading for another supply zone, observed at $145. ZEC/USD last traded here on 28th September, before resuming its downward trend. Further north, the highs seen early September within the $160 territory. Lastly, any move above here, could likely see some strong buying pressure, with a fast move back into $200.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 49 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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TRON Price Analysis: TRX/USD Posts Longest Daily Losing Streak in 15 Weeks

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  • TRX/USD stuck within a stubborn downward trend, running at 7 consecutive sessions of losses.
  • Price faced a strong rejection after retesting and failing to break back above breached trend line.
  • Bulls will look to find some ground at below strong daily support areas, before firm committed bull run.

Stubborn Downward Trend

TRXUSD daily support

TRX/USD has been cooling for going on 7 sessions now, running currently at consecutive daily closes in the red. The price entered this stubborn downtrend on 7th November. TRX/USD bulls had initially retested a breached ascending trend line that was supporting the price initially. The mentioned supported had been running from 12th September until a firm breach and close below by the bears on 29th October. This left the door open for the market bears to capitalize.

Given this current run of consecutive losses, it is the longest daily run in the red since the back-end of July – early August. The price from 30th July underwent 6 sessions in negative territory, falling around 27% until a small bounce on 5th August. In terms of percentage loss on this current fall observed, it is running at 11% over the 7 sessions at the time of writing. The market will be looking to find a bottom over the coming sessions.

Downside Support

There are some key areas to note for TRX/USD, ahead of potentially giving up on the $0.020000 territory. The next major level of daily support can be seen at $0.021400; this is the low of 31st October. It is significant as the bulls staged a rebound here. TRX/USD entered into a short-term bull run, seeing strong gains up until 6th November. The percentage gain within the mentioned period, was seen at a solid 16%, seeing 6 out of 7 daily closes in the green.

Further to the south, another level worthy noting, would be $0.020700 – a strong daily support level, most recently between 11-12 October. This is where the price initially jeopardized the above-mentioned trend line. Firm buying kicked in down here, to see the bulls drive the price back up to the $0.02800 territory. A strong area of supply can be seen here, as has been demonstrated since the back-end of August.

Upside Targets

Once the bulls manage to find their feet again, the first target would be for a retest of the breached ascending trend line. This is currently tracking at $0.026000; TRX/USD has not been this high since 17th October. Looking further to the north, the mentioned supply zone would be seen just ahead tracking from $0.027000-0.028000. It is also worth considering that this is the upper part of the current range. TRX/USD has not been above this for over 15 weeks now.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 49 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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