OXENBTC: Breaking resistanceCMC # 607
What is Oxen (OXEN)?
Oxen (formerly known as LOKI) is a privacy tech project with a mission. It’s a private cryptocurrency with instant transactions. An enormous and powerful PoS network. A secure messaging platform. A network anonymity layer. Tools to build a more private future for the Internet — all on blockchain.
Our vision is to provide a range of tools and services powered by the OXEN coin, enabling users and developers all over the world to leverage the power of our decentralised blockchain network to achieve unparalleled privacy and security as they work, play, and live their day-to-day lives on the internet. And this isn’t just an empty vision — we've put in the hard yards and spent years building these technologies to make our vision a reality.
The Oxen privacy stack includes:
Session, a fully anonymous, totally decentralised encrypted messaging platform
Lokinet, a powerful low-latency onion router
Oxen Name System (ONS), a registration system that allows users to provably burn OXEN to purchase temporary or permanent usernames for Session (and Oxen wallets), and domain names for Lokinet services
The Oxen coin is used for: * Staking to run Oxen Service Nodes * Purchasing name registrations for Lokinet (our onion router) and Session (our private messenger) * Transferring value through instant, private transactions with our revolutionary Blink transaction tech
How much OXEN is in circulation?
Oxen emissions have been adjusted downwards over time, and now sit at 16.5 OXEN per block. The Oxen blockchain has a 2-minute block time, meaning 11,800 OXEN is created per day. An aggressive coin burning strategy (OXEN is burned through transaction fees, ONS name registrations, and other interactions with the blockchain) and a high coin lockup ratio (as of March 2021, 42.7% of OXEN’s circulating supply is staked to run Oxen Service Nodes) help to drive positive price action.
Who are Oxen’s founders?
Oxen and its subsidiary projects are the brainchild of the founding Oxen team: Simon Harman (CEO), Kee Jeffreys (CTO), Christopher McCabe (COO), and Josh Jessop-Smith (CMO). Oxen’s founders met at the Melbourne Blockchain Center in 2017, and through their shared passion for privacy tech and belief in the potential of blockchain, Simon, Kee, Chris, and Josh began building the project now known as Oxen.
OXENBTC
OXENUSDT Technical Analysis💎 OXENUSDT HAS FORMED A DESCENDING TRIANGLE. After the breakout, it can go for a pullback and retest the support zone before it continues the bullish move,.
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💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.58328 - 0.53492
☕️ TP1 0.63088
🍺 TP2 0.70380
🍻 TP3 0.77212
🍾 TP4 0.83813
🍷 TP5 0.90000
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.53032 - 0.47889
Good Luck 🎲
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Will break lead PUMP?Seems like it price has taken enough rest and is ready to make another move up. Things look bullish for the time being, provided that close resistance won't hold any longer we could enjoy another stunning move.
OXENUSDT Technical Analysis⏳ Spot
💎 OXENUSDT after many attempts wasn't able to break below the major support zone. After breaking above the resistance with several green candles and Pullback it is expected to go higher.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.64050 - 0.65824
☕️ TP1 0.72557
🍺 TP2 0.79291
🍻 TP3 0.85689
🍾 TP4 0.96867
🍷 TP5 1.07000
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.59450
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
OXENBTCBreakout of wedge/triangle, above MA200~360 on 2h chart. I could have made an idea for this sooner.
not financial advice, do your research