Connect with us

Altcoins

Steller Lumens (XLM) Unveils Starlight Instant Payments Channel via Interstellar

Published

on

  • Interstellar unveils a new secure instant payments channel, known as Starlight.
  • XLM/USD recent resistance rejection sees price within a 5-day losing streak. 

This new payment channel will work in a different fashion, in comparison to the traditional transactions, operating on the Stellar network. Currently the details are published and await consensus confirmation, prior to the funds being transferred. In terms of Starlight, it will facilitate locking in transaction funds within a secure channel. Payments will not require the network, revealing only the settled balances upon completion.

Instant Transactions – Zero Fees

Stellar’s Interstellar have unveiled a demo of Starlight, a new bidirectional payment channel operating on the Stellar network. It is said to be similar to Bitcoin’s own Lightning Network in terms of the purposes in which it serves. The channel will facilitate users of the network to send transactions that are of zero-fees. They will be able to do this in a private manner and in real-time. This will only be the case with the use of Lumens – Stellar’s native token in the transactions. The large boasting benefit of Starlight is that no longer will the days of time-consuming processes be a burden.

Furthermore, security of the Starlight is ensured by way of special information. This is exchanged between those involved with each payment. Details of the information include; signed Stellar transactions, of which do not get not published to the network. Only until one of the participants selects to bring closure to the channel. Once it is closed, the settled transactions send to each party’s Stellar account balance. This will take into account the back and forth channel’s history of payments.

Lastly, the final settled balances are revealed to the network once the channel is closed. In terms of the other activity within the channel, this will remain private and only be known to its participants.

Technical Review – 4-hour Chart

XLM/USD 4-hour chart

Despite the continued positive updates that surround the Stellar Foundation, XLM/USD remains in the direction of south. This is not being helped by the overall suppressed market that has been seen for quite some time now.

A big rejection was observed after XLM/USD bulls had attempted once again to break free from the triangular pattern formation. Price action has been contained within this since July. A firm attempt of a breakout has been attempted in September and on several occasions this month, October. As a result of the most recent rejection, on 23rd October, XLM/USD is running at its fifth consecutive session in the red.

In terms of support, eyes will be on $0.21 region, the 11 October low area. It is also in proximity to a generally choppy demand zone, demonstrated within August. Further south, support will be sought at the bottom of the mentioned pattern, just below the $0.20 mark. Lastly, a strong demand zone runs from $0.19-0.17 range. Should momentum swing back into the bulls’ favour, a firm break of the upper trend line will need to occur, around $0.25. This could see a fast run up back towards the $0.30 area and beyond.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 88 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.




Feedback or Requests?

Altcoins

EOS Price Analysis: EOS is Set Up for Bigger Gains, Following Recent Technical Development

Published

on

  • EOS has jumped around 45% between the sessions of 15th – 17th December. 
  • Bulls shrug off all negative related news flow that has surrounded EOS in recent weeks.

The EOS/USD bulls are on a serious mission to recovery. Unlike several of its peers, a slowdown in momentum has not been seen with the EOS price. More importantly, a breakout has been observed from a range-block, of which EOS/USD was confine within. This had been the case since the 7th December, managing to escape however on 17th and capitalize further on that.

EOS Shakes off Negative Commentary

Over the past few weeks, there have been several negative bits of news flow. Recently, as covered by Hacked in a prior article, the Cardano founder, Charles Hoskinson, had a fair few words to say about EOS. He had noted that action from regulators was potentially right around the corner for EOS. Hoskinson had specifically raised concerns about the EOS token sale.

Elsewhere, it was recently covered by Chinese press that EOS decentralized apps (DApps) have been victim to hacks totaling around $1 million since July. The report cited data which was collected by PeckShield, who are a blockchain security organization. This suggests that the DApps on EOS have been hit by at least 27 breaches from July up to late November. This is an amount of 400,000 EOS, equivalent to 8 million yuan, at the time of the published report.

Lastly, at the back-end of last month, there was some FUD surrounding the CTO of Block.one, Daniel Larimer. The community and social media space were concerned about Larimer working on new projects. This prompted worries that he may be leaving EOS, keeping in mind the EOS mainnet hadn’t even reached a year.

EOS has pretty much shrugged much of this FUD off, as seen with this latest rally. It has far outperformed its peers with the big gains collected over the past two sessions.

Technical Review EOS/USD

EOS/USD daily chart

EOS/USD had a decent extension to the upside after breaching the confinements of the detailed range-block.  The bulls initially jumped a chunky 45% over the period of 15th to the 17th December. However, into the session on Tuesday, the price has run into some minor resistance, seen at the 4th December high area. This can be noted within $2.60 territory.

The pullback being observed at the time of writing isn’t too much of a surprise, given the burst higher in such a short time frame. Profit-taking is only natural in this case. It is a minor retreat ahead of further potential moves north. Eyes will be on the breached range-block for support, the top of that seen at $2.18.

Should the bulls gather enough momentum for a push above the minor near-term resistance seen, then a fast 60% move could be seen. This would take EOS/USD back towards $4.40, where another minor supply zone is observed. Further north, a reclaim of the pre-November fall levels, i.e., $6 territory, is the next major target.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 88 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.




Feedback or Requests?

Continue Reading

Altcoins

Ethereum Price Analysis: ETH/USD Not Out of the Woods Yet

Published

on

  • ETH/USD odds are still stacked against the bulls for now, as price remains within range-block.
  • Ethereum co-founder Vitalik Buterin, says his creation is becoming more and more decentralized.

ETH/USD has enjoyed a chunky bull run over the past three sessions, with that slowing down Tuesday. Between the 15th – 17th December, the price had gained a chunky 23%. ETH/USD hit its highest level seen since 9th December. It appears the bulls, however, have run into a near-term barrier. ETH has been moving within a range-block from 7th December, which is still the case. The momentum so far not proving to be enough to take the price through for now.

Ethereum More Decentralized – Vitalik Buterin

The co-founder of Ethereum, Vitalik Buterin, discussed how the network is becoming more decentralized of late. He was recently speaking in an interview with Blockchain Insider.

Buterin believes that a change is starting to be seen in terms of the further decentralization of the Ethereum blockchain. He believed that it was much too centralized around himself. He further affirmed the observations over the last 12 months of governance actions, which were he suggested were responsible for this.

The Ethereum creator said, “Number one, like a lot of the features in the Constantinople hard fork, that are launching in January, basically happened without me. Number two, issuance reduction from 3 ether to 2 ether which is going into Constantinople, I was not involved at all.”

Only just some days ago, a team lead within the Ethereum development circle, Péter Szilágyi, confirmed the scheduled update. This was covered by Hacked in a prior article. He had noted the upgrade is to start around 16th January 2019.

Ethereum 1.X Update

Focus outside of the Constantinople hard fork is on Ethereum 1.X. This will be a new developed update, which is anticipated to take place during June 2019 provided there are no delays.

Buterin said, “Ethereum 1.x, short-term scalability improvements that are going on to the main chain, before we can switch over to sharding. That whole effort started without my involvement at all.” The update is supposedly a replacement of the EVM – Ethereum Virtual Machine.

Technical Review – ETH/USD

ETH/USD daily chart

As detailed earlier, ETH/USD has been moving within a range-block. The upper part of this recent range appears to have slowed down the bulls. The key levels to this block for now, seen at $101 to the upside, and $83.45 to the downside. It is as simple as depending on which area is broken that shall determine the fate of the trend.

Despite the enormous jump of around 16% for ETH/USD, the fact of the matter is the odds are still stacked against the bulls. This being the case so long as the price remains confined within the detailed formation above.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 88 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.




Feedback or Requests?

Continue Reading

Altcoins

Altcoins Share Spoils; Ontology, DigiByte, Revain, EOS Take Moonshots Amid Market Surge

Published

on

Most major altcoins helped themselves to +10% gains during Monday’s market recovery – a surge which saw the global market cap climb 12% overall, and sent Bitcoin back to the $3,600 range.

Several altcoins raced ahead of the pack, logging between 20% and 107% gains for the day, with DigiByte (DGB), Ontology (ONT), Revain (R), MOAC (MOAC), EOS (EOS) (covered earlier) and Arbitrage (ARB) most prominent among them.

DigiByte Price – DBG/USD

From the daily low of $0.008336, DGB’s dollar value climbed just over 22% up to $0.010210, with the peak landing at around 20:30 UTC.

DigiByte volumes doubled over the course of the day – ahead of the 50% volume increase experienced by the market in general. Still without a Binance listing, despite a long and messy mud-slinging process between Jared Tate and Binance’s CZ, the majority of DGB’s action came from Bittrex, Poloniex and Sistemkoin. Over 75% of all trades came against BTC.

Ontology Price – ONT/USD

Ontology climbed to 31% growth from trough to peak, moving from a coin price of $0.460371 up to $0.605721.

Ontology fell 95% since January’s peak, landing at an ATL (all-time low) in the $0.40 range on December 15th. As one of the NEO platform’s most successful token launches, ONT has literally never found itself at such low prices in its short nine-month existence.

Over 60% of ONT trades went through USDT on Monday, with Binance, Huobi, DigiFinex and OKEx making up close to 80% of overall movements.

Revain Price – R/USD

Revain shot to 61% growth in little over twelve hours, climbing from a coin price of $0.129126 up to $0.208672 by Monday afternoon. Since then the token price fell back to the $0.173 range – a more than 25% pullback.

Despite its relatively unknown status, Revain has averaged daily trade volumes of $2.5 million for the last two quarters of the year – an average volume higher than many coins and tokens in and around the top thirty.

MOAC Price – MOAC/USDT

Just over 99% of MOAC’s trade volume came from one exchange and one trading pair today, namely the MOAC/USDT market on CoinBene.

From the daily low of $0.431884, MOAC climbed 55% against the dollar, landing at a peak of $0.669675. Trade volumes more than quintupled throughout the day, rising from $25,000 to close to $130,000.

MOAC fell 98% from its all-time high back in February, just a month after launch. December 14th marked an all-time low for the coin when it fell to the $0.32 range, from an all-time high of $18.46.

Arbitrage Price – ARB/USD

ARB volumes rose 1,633% in the last two days as the token price climbed 107% from $4.13 to $8.56.

All 100% of ARB’s trades came from just one exchange – CoinExchange, where ARB/ETH made up 93% of the action. ARB/BTC made up the rest.

Arbitrage launched in Q3 of 2018, and went relatively under the radar until a near 1,000% surge in October put it on the map, and in the market cap top hundred.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 106 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.




Feedback or Requests?

Continue Reading

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending