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How to Choose a Prospective Cryptocurrency

Cryptocurrencies are developing rapidly. Today, these digital assets are used for everything. You can even make a deposit with crypto and get the best live casino offers. These tips will help you choose the right coin. Function To identify a prospective cryptocurrency, you need to pay attention to its function. The function of a project […]

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Cryptocurrencies are developing rapidly. Today, these digital assets are used for everything. You can even make a deposit with crypto and get the best live casino offers. These tips will help you choose the right coin.

Function

To identify a prospective cryptocurrency, you need to pay attention to its function. The function of a project must be clear and understandable, even if it is a complex technology or a system that is difficult to develop. The technology or system must have a real application and solve real problems both in the crypto market and in other areas.

Development Team

Another important attribute is the team behind the project. Sometimes among the representatives you can see former employees of companies like Microsoft, Google, Goldman Sachs, or JPMorgan Chase. But work experience varies – you can work as a senior assistant to a junior janitor or develop complex products, the expert explained. So check exactly what positions project members have held and what products they have developed before.

Known and proven specialists, as in any other field, are not many. So, projects with big plans usually try to attract famous developers because they know that this will draw the attention of the crypto community.

Software Code

In order to define a successful cryptocurrency, it is advisable to understand programming. At the same time, it is important to follow what the project team publishes on GitHub. This is a kind of social network for developers, where they publish created solutions and share the results of the project development.

Many projects have open source code. By studying it, as well as the activity of the developers, it is possible to understand whether there is dynamics in the development of the project and how positive it is.

The peculiarity of the crypto market is that an analyst must be more than just a financial expert. Here it is not enough to be able to understand the financial market, valuation methodologies, the possible value and liquidity of the asset. Cryptocurrencies often include different components written in different languages. An expert must be immersed in both areas to correctly evaluate new projects.

How Much to Invest

Any project can seem extremely promising. But this does not guarantee its success in the future. The idea may be poorly implemented, fail to find application, fade out against the competition or even turn out to be a product of fraud. So, such investments are of a high-risk nature.

10-20% may be set aside in an investment portfolio for venture capital investments. It is possible to invest a few percent in each interesting project, thus assembling a portfolio of a dozen altcoins or other high-risk instruments.

You can allocate up to 25% of your investment portfolio to buy the tokens of projects that were launched during the ICO and continue to operate and develop to this day. They have survived all the ups and downs of the industry in recent years. Such projects are more reliable and have real potential for development and growth, the expert believes.

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/how-to-choose-a-prospective-cryptocurrency/

Blockchain

Texas supermarket will now accept crypto payments

Texas has been making moves recently to make itself an attractive place for cryptocurrency miners, spearheaded by its governor, Greg Abbott. And Texas’ latest initiative is to allow grocery buyers to purchase items using cryptocurrencies on H-E-B supermarkets, one of the oldest supermarket chains in Texas. It has 400 branches in the state as well as […]

The post Texas supermarket will now accept crypto payments appeared first on BitcoinerX.

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Texas has been making moves recently to make itself an attractive place for cryptocurrency miners, spearheaded by its governor, Greg Abbott.

And Texas’ latest initiative is to allow grocery buyers to purchase items using cryptocurrencies on H-E-B supermarkets, one of the oldest supermarket chains in Texas. It has 400 branches in the state as well as in Mexico.

In a report published by Houston Chronicles, Coin Cloud, a crypto ATM company, will start installing their machines on 29 H-E-B stores around Texas’ capital.

These ATMs will enable customers to buy and sell a wide range of cryptocurrencies such as bitcoin, ethereum, and dogecoin. The machines will also include U.S dollar-pegged stable coins and DeFi tokens.

Optimistic

Chris McAlary, CEO of CoinCloud, is optimistic about the upcoming crypto ATM installations.

He said that by making these machines accessible to anyone, more people will be aware of the significance of digital currency in the future.

The company is reportedly preparing to install its 2,000th crypto ATM machine, allowing more consumers to have access to cryptocurrencies.

These machines would allow users to make crypto transactions through traditional means such as cash, credit card, and debit card.

Crypto hotspot

Just like Miami, Texas is slowly but surely becoming a hotspot for cryptocurrencies.

But apart from its other crypto initiatives, one major thing that makes Texas an attractive place for miners is its renewable and loosely regulated power grid.

Riot Blockchain is one of the latest blockchain companies to take interest in Texas and announced that it is planning to acquire a data facility in the state. Blockcap, on the other hand, plans to set up offices in Austin to finally start its crypto operations.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/texas-supermarket-will-now-accept-crypto-payments/

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Blockchain

This will be another nudge for Bitcoin miners to use green energy

The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow vo

The post This will be another nudge for Bitcoin miners to use green energy appeared first on AMBCrypto.

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The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow vote of 215 to 214 and has now advanced to the Senate for consideration.

What is sustainable finance?

The bill defines “sustainable finance” as the ‘provision of finance with respect to investments taking into account environmental, social, and governance considerations.’  Expanding on the intent of this bill, House Financial Services Chairwoman Maxine Waters reportedly mentioned that the disclosure will provide investors with the necessary information to make the ‘best investment decisions’ and to hold companies ‘accountable.’

The bill also requires SEC to establish a permanent advisory committee to be called the “Sustainable Finance Advisory Committee.” Further, SEC Commissioner recently declared that the regulatory body was working toward a framework of rules for companies requiring climate-related risk disclosure, adding further that ‘climate and ESG are front and center for the SEC.’

What does this mean for Bitcoin?

The debate around the large-scale energy consumption caused due to Bitcoin mining has been around for many years. However, the issue escalated to new heights after related statements from the world’s billionaires went viral. In the last couple of months, the topic was making headlines almost every day.

In the light of these recent events, however, Bitcoin’s climate problem may have just gone a notch deeper. According to Chinese Journalist Colin Wu,

The Migration

Nearly two-thirds of all Bitcoin mining took place in China, until recently. The country shut down mining activities in Xinjiang, Inner Mongolia provinces, the first two of which are coal-rich provinces. Not only did this bring down Bitcoin’s hash rate, but also set off what is being termed as “the great mining migration.” The potential destinations miners are considering moving their operations to, include, Central Asia, Europe, and America.


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Source: https://ambcrypto.com/this-will-be-another-nudge-for-bitcoin-miners-to-use-green-energy

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Singapore’s Telco will start offering blockchain-powered services

Gorilla Mobile, a new player in Singapore’s highly lucrative and competitive telco industry, is all geared up to provide contract-free service powered by blockchain. The new telco will allow customers to use their mobile services without any need for contracts, a requirement that most telcos are implementing today. Gorilla’s one major feature, called SwitchBack, allows […]

The post Singapore’s Telco will start offering blockchain-powered services appeared first on BitcoinerX.

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Gorilla Mobile, a new player in Singapore’s highly lucrative and competitive telco industry, is all geared up to provide contract-free service powered by blockchain.

The new telco will allow customers to use their mobile services without any need for contracts, a requirement that most telcos are implementing today.

Gorilla’s one major feature, called SwitchBack, allows users to convert their unused mobile data into shareable tokens that can be used to pay bills, and even in-app services.

Advantages of blockchain tech in telco

For a quick definition, blockchain technology is a system of recording information in a way that makes it highly difficult to tweak, cheat, or be hacked.

And telcos using the blockchain tech are expected to rise in the coming years, if not months, and there are plenty of reasons why this new tech is beneficial for telcos.

Blockchain has an efficient management technology, has the capability to prevent any fraud transactions, and provides convenience for mobile app developers to access cloud computing.

Also, unlike traditional ways of gauging roaming bills, blockchain offers a more efficient and accurate way of doing it.

Telcos in countries, particularly in China, have also started offering services that are powered by this technology, and Gorilla is the first telco to offer this kind of service in Singapore.

The official launch

At the new telco’s pre-launch event, it announced that it will offer a separate S$25 (U.S 18.60) monthly service plan.

This initial offering will include 20 GB of mobile data, 100 minutes of call time, and 100 text messages. It will also include its innovative SwitcBack feature.

Gorilla Mobile is set for a full-launching this September 2021.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/singapores-telco-will-start-offering-blockchain-powered-services/

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Blockchain

XRP, Cardano, Shiba Inu Price Analysis: 20 June

While Bitcoin did not make much recovery post the Jun 18 dip, some other altcoins struggled to do the same. XRP lost about 5.2% of its price as well as 5.3% of its market capitalization in the last 24

The post XRP, Cardano, Shiba Inu Price Analysis: 20 June appeared first on AMBCrypto.

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While Bitcoin did not make much recovery post the Jun 18 dip, some other altcoins struggled to do the same. XRP lost about 5.2% of its price as well as 5.3% of its market capitalization in the last 24 hours. SHIB made some major gains on June 16 thanks to the news of its Coinbase listing, before it was delayed.

XRP:-

Source: XRP/USD – TradingView

Recovery has been slow for some coins, worse for some others like XRP.  June 16 dip had already flipped support level into resistance and the early morning trade only dropped the coin further below. Trading at $0.757, XRP could be seen inching closer towards bedrock $0.697. Awesome Oscillator displayed dominating bearish momentum at the time of writing.

The purple indicator of Relative Strength Index (RSI) fell into the oversold zone earlier in the day. A small uptick at press time displayed the indicator rising out of the bearish territory in the coming hours. Parabolic SAR also indicated an active downtrend since the white dotted line appeared above the candlesticks. 

For now, if XRP trades in green going forward, it could consolidate above $0.73 and prevent any further downfall.

Cardano [ADA]:-

Source: ADA/USD – TradingView

Cardano continued to be volatile as it had been for the last 2 weeks grazing and bouncing off the resistance and support levels. ADA once again ricocheted off the $1.37 support level to trade at $1.43 at press time. MACD indicator displayed the blue indicator line and the red signal line moving closely in the bearish neutral zone.

A minor divergence could be observed on the Bollinger Bands with the price indicator weighing towards the lower band. The basis (middle red line) continued to act as resistance as it has been since June 17. Capital inflows pushed Chaikin Money Flow indicator closer to the 0 mark in the bearish neutral region.

Based on the indicators, a correction phase could pull up ADA, however, critical support is placed at $1.31

Shiba Inu [ SHIB ]:-

Source: SHIB/USD – TradingView

Between June 16 & 18, SHIB fell by almost 22% and brought the coin back closer to its $0.00000659. AT the time of writing, the coin made some gains and reached up to trade at $0.00000770. SHIB will continue its movement consolidated under the $0.00001011 resistance level as it has since the end of May.

While 50 SMA ( Simple Moving Averages) line [orange] acted bullish, being under the candlesticks, the 100 SMA (red) line was aligned to the price indicator. Squeeze Momentum Indicator displayed receding bullish pressure at press time. The Relative Strength Index (RSI) indicator was aligned exactly to the neutral line at 50.0

Since indicators do not present a clear direction, expect the coin to swing either way going forward.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/xrp-cardano-shiba-inu-price-analysis-20-june

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