NC.C -- Breaking out after consolidation; Bollinger SqueezeBeautiful breakout chart! I just took position at 1.31. Bollinger Squeeze, MACD about to complete a bullish cross, strong accumulation and good news today that went largely unnoticed by the markets. With BTC going higher, this is a perfect setup for a serious run up!
NetCents exceeds $4M in monthly processing volume in July, representing 100% growth over February, 2020 number
NetCents Technology Inc. (CNSX:NC) said it exceeded $4 million in monthly processing volume in July, 2020, which represents 100% growth over the previously reported February, 2020, numbers.
It said the growth in the monthly transaction volume was partly caused by NetCents continuing to grow its business to business transaction flow, with the new market segment supporting larger transactions that have the effect of significantly lifting the average transaction size.
In a statement, Clayton Moore, founder and CEO of NetCents Technology commented: "This growth in B to B is a clear indicator of a maturing business - using crypto for small consumer purchases has a novelty to it, for sure, but now we are seeing large businesses embrace crypto as part of their process, it is a very revealing trend.”
"We are confident that this trend will continue, and that businesses will adopt crypto payments permanently as part of their workflow. We can save businesses a lot of money by facilitating cross border and cross-currency transactions. We are finding that once a customer is onboarded, they find that their hesitation around working with cryptocurrencies was completely unfounded," he concluded.
The NetCents interface is designed to look and feel like all traditional merchant payment platforms, therefore merchants aren't intimidated by any complexity of the cryptocurrency environment. This means that once onboarded, merchants are likely to embrace cryptocurrency payments, as well as employ one of the marketing programs that NetCents provides their merchants.
The growth in transaction volume is also being affected by the growth in cryptowallets worldwide, as of June 2020, there are over 50 million wallets that have been created, which represents 25% growth on a year to year basis.
The company said it believes that for the first time many of these wallets are being created for transactional purposes as opposed to purely for investment or trading.
NetCents said its management believes that the current Bitcoin rally will also generate additional interest in cryptocurrency, as a rising bitcoin market has historically accelerated the growth of crypto wallets.
Cryptocurrencies as an asset class represent a value of $344 billion, with the majority of this value attributable to Bitcoin, which has appreciated by 23% over the last month.
NetCents provides the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.
Cryptostocks
Descending Triangle breakdown for Hive?It's unlikely this plays out as a bullish flag because the baseline of support has been breached indicating the pattern is a descending triangle.
$MARA can rise in the next daysContextual immersion trading strategy idea.
Marathon Patent Group, Inc. focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets.
The share price rose after the company announced the installation of 700 M30S+ ASIC miners. The company also became debt-free.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,10;
stop-loss — $1,04.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
Ascending Triangle breakout for Hive, new ATH's on the way?Hive appears to be breaking out from a Ascending Triangle.
With the Halving approaching in less than a month & China officially launching their own Digital Currency recently, there's Macro bullish sentiment that surpasses the positive crypto environment that resulted in Hive going parabolic along with Bitcoin & Ethereum.
McDonald’s and Starbucks are reportedly part of China’s digital currency trial.
China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports.
McDonald’s, Starbucks , and Subway are the only three American firms among 19 companies participating in the trial.
The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched.
McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency.
This is the main reason why China propaganda has become dangerously provocative in America.
China is rolling out a cryptocurrency, a lot of the details have not been divulged.
I can tell you the cryptocurrency China’s rolling out will likely be backed by gold . China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
