SNX (Synthetix) Token Analysis 24/03/2021 Updatedas we can see the price has fallen to the trend line and has some good chances of getting bounced from the Retracement and support zones
targets are the same as the past analysis
Biton
SKL (SKALE Network) Token Analysis 24/03/2021Fundamentals:
SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible.
The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.
According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.
SKALE Network is geared towards improving both security and decentralization of Ethereum-based apps.
Token holders on the SKALE Network are incentivized and earn rewards by helping to improve the scalability and security of the platform by serving as validators.
The SKALE Network was the first project to launch a token on ConsenSys Codefi’s Activate platform — which is “designed to launch decentralized networks and allow customers to purchase, manage and use their tokens — all in one application.” Activate was designed to create new standards for the distribution of utility tokens, and ensure that networks are fully usable as soon as tokens are sold. It’s hoped that this approach will help clean up the appearance of the initial coin offering sector, which has been susceptible to scams in recent years.
By launching a token that meets regulatory standards, SKALE is intending its token to be widely adopted and avoid any fraudulent activity.
Ethereum is typically slow to verify and authorize transactions. Using SKALE Network greatly improves the speed at which Ethereum verifies transactions as SKALE can operate much faster and run up to a maximum of 2,000 transactions per second per chain, according to the team.
SKALE Network was founded by Jack O’Holleran and Stan Kladko, both of whom have vast experience across the software industry.
O’Holleran — the co-founder and chief executive of SKALE — is a technology entrepreneur who specializes in blockchain and decentralized systems. He continues to hold a strategic advisor role at Aktana, the life sciences company he co-founded in 2008.
According to his LinkedIn profile, O’Holleran began the early stages of his career as an account executive at Good Technology. He spent two years there before joining Motorola’s business development and product strategy division.
Kladko spent many years obtaining a PhD in physics prior to co-founding SKALE, and worked for 16 years as a technology executive in San Francisco’s Silicon Valley.
He has co-founded several other companies, including Galactic Exchange and Cloudessa.
Technical Analysis:
this token has done its initializations and volume accumulations phase twice earlier and now it is on the move up,
there are total of 3 Targets defined with Fibonacci Projection where as we get the 3 TPs confirmation as the price triggers the 2 TP with impulsion, followed by some price correction.
REN (Ren) Token Analysis 23/03/2021Fundamentals:
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.
Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects.
As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH).
RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which makes up RenVM are called Darknodes.
Ren charges various fees for internal operations, but most do not go towards direct profitability, instead being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions.
Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.”
Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital.
Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren.
Technical Analysis:
As we ca see the Token is trying to break down the Support of 61.8% of Fibonacci Retracement
there are good chances that the 78% level of Fibonacci Retracement stands and and if so then the New Rally Starts.
there are total of 3 targets where as the 1 TP will be vary easy to achieve
HNT (Helium) Analysis 12/03/2021Fundamentals:
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.
Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.
Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.
The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.
In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves.
Helium’s three co-founders Amir Haleem, Shawn Fanning and Sean Carey started the company in 2013.
Haleem has an active eSports and game development background. Fanning, by contrast, is well known for developing Napster, the music sharing service which was one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s.
Carey meanwhile held multiple development roles prior to Helium, which included advertising optimization firm Where, acquired by PayPal.
Helium’s team now consists of members which the company says have experience in “radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies.”
Technical Analysis:
as you can see the price has already done its accumulation phase and started rallying to the parallels legs of Fibonacci Projection.
it is currently consolidating in the projection zone and we are waiting for the higher levels which is the Extension zone and 261.8% and 361.% of the same Fib Projection
there are totally 3 Targets Defined
Verge seems to be Undervalued and Good for Investment 24/02/2021Verge (XVG) is a decentralized open-source cryptocurrency which offers various levels of private transactions. It does this by obfuscating the IP addresses of users with Tor and by leveraging stealth transactions making it difficult to determine the geolocation of its users.
Verge Currency has a maximum supply capped at 16,5 billion XVG. It uses the Proof of Work (POW) mining principle with multi-algorithm support and 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s.
Verge Currency was created in 2014 and originally named DogeCoinDark. It was rebranded to Verge Currency in 2016.
Following the bitcoin principle, Verge Currency has a transparent ledger that allows anyone to view all of its transactions, but protects user identities and locations. This was achieved by integrating both Tor to not expose IP addresses and using stealth transactions, formerly known as Wraith Protocol, to hide the value of transactions.
In April 2018, it was announced that the adult entertainment provider MindGeek would begin accepting Verge Currency as a payment option on its website network.
Also during April and May 2018, Verge Currency suffered from timestamp exploit on one of its 5 mining algorithms. This could have resulted in a 51% attack if it had only one algorithm.
as of now we can have up to 4 TPs for this coin and it seems to be very promising as an investment alternative and worth of reweaving and researching more on its fundamentals...
Pundi X Retracement is almost Done, can be Longed 24/02/2021as we can see NPXS has almost done its retracement and now getting ready for an other rally cycle,
we have specified total of 3 TPs,
the 1TP is the one we can easily target after the current retracement is over the the bull run cycle starts
2 TP is the Trigger for the 3 TP so if we get to the 2 TP directly after the 1 TP cycle, we can be very optimistic about the 3 TP too on the line.
please comment your opinions
ZRX (0x) Analysis 14/03/2021we had Analyzed this token earlier and well capitalized on it, now updating the New analysis and positions.
Fundamental:
0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges.
0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.
The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol.
In 2019, 0x announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity.
Unlike many other Ethereum decentralized exchange protocols, 0x supports both fungible (ERC20) and non-fungible (ERC-723) tokens. This means it can be used for the permissionless trading of a wide range of assets, giving holders a way to buy, sell and exchange the vast majority of Ethereum assets through more than a dozen different apps.
The 0x protocol can be applied to a wide range of use cases, including eBay-style marketplaces for digital goods and services, OTC trading desks, exchange functionality for DeFi protocols and plain-old decentralized exchanges.
Although 0x can be used to build highly flexible exchange products, it can also be built into products where asset exchange is a secondary feature — such as for in-game purchases and portfolio management platforms.
On the 0x protocol, liquidity takers pay a fee in the form of ZRX tokens — this fee is used to incentivize market maker (relayer) liquidity. Users also need to pay a protocol fee in the form of Ether (ETH), which is used to pay for the gas used in any transactions they complete. As an open-source protocol, 0x does not receive any share of this revenue, and is instead supported by ZRX tokens unlocked as team and developer incentives — along with its initial ICO funding.
0x was founded in 2016 by Will Warren and Amir Bandeali. The two co-founders continue to serve the platform, with Will Warren as 0x's CEO, whereas Amir Bandeali is CTO.
The platform launched following a successful initial coin offering (ICO) in 2017, during which it raised a total of $24 million — with support from prominent investment firms including Polychain Capital, Pantera Capital and FBG Capital.
Prior to the sell-out ICO, Warren worked in several research roles and briefly held the role of technical advisor to Basic Attention Token (BAT). Bandeali, on the other hand, graduated from the University of Illinois with a BSc in Finance and held several trading positions before co-founding 0x.
Now the team is composed of more than 30 individuals, including engineers, researchers and designers who work to update the platform and keep it running smoothly.
Technical Analysis:
as you could see in our past analysis we had drown a Fibonacci projection where we had defined our past Triggered Targets, we could see the price has touched the 161.8% (extension) Level, and currently Correcting and Reaccumulating, which is the confirmation of continued Rally to 261.8% and above
additionally we can see a Mild Hidden Bullish Divergence which is the sign of trend continuation and it can work as additional confirmation on the Analysis bias.
at present we had defined 2 Targets by the same Fibonacci Projection which are to be triggered in the coming few weeks...
GRT (The Graph) Analysis 11/03/2021Fundamentals:
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.
the Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network.
GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to.
Technical Analysis:
as we can see the price has done the Accumulation phase and currently consolidating after an impulsive wave.
we have defined 3 Targets by Fibonacci Projection, which is the projection of the past rally.
the 3 TP gets its Confirmation if the 2 TP gets Triggered by another impulsive wave followed by some price correction and price retracement.
HDFC BANK Analysis 04/03/2021as we can see there is a bearish divergence of Price with MACD and it got its confirmation as the price has fallen and tested the immediate Support Area, and MACD and signal lines has crossed in MACD indicator which is the sign of trend reversal and price correction.
the trend is range bounding in a ascending parallels channel and currently touching the top bond
we may have an other impulsive wave to the 1 TP and alternatively retrace down to the 2 TP.
DR REDDYS LABS Analysis 02/03/2021may retrace more if the fib support area breaks but we can be optimistic about the rally too and if rallied without retracement, we can be sure about the achievement of the 2 TP
but if retraced and rallied then ATH and 1TP can be the targets consequently
DXY W TF Analysis 02/03/2021a falling wedge, there exist a chance of retracement up to 38% Fibonacci retracement and TP would be -61.8%,
but it is on the falling side
if not retraced and direct fall from here then -27% fib expansion can be targeted
VARUN Shipping Co.LTD. Weekly TF Analysis 24/02/2021this stock seems to be passive for a while but it can be activated in some times. it is currently in an descending parallels channel where it is falling and it is trying its upper boundary. we have to wait and check the reaction on the channel bound and then decide about its Bias after some candle confirmation
there exist a Bullish Divergence with MACD which can be interpreted as a trend reversal but that also needs some more Price Action and candle pattern conformation but we can be some how optimistic about it unless there is not bad news or fundamental data against its rally
