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XCHUSDT Perpetual Swap Contract

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XCHUSDT.P trade ideas

Chia Network, set for a price explosion???Chia network has seen quite the drop in price by 97% since its launch. We have a few things going on here: On the bearish: 1) Price is trading below the ema ribbon, and even then the spread of the ribbon is not offering a whole lot of resistance but it is there. 2) The red ichimoku cloud spans around 80% above our current price action. XCH will have to break above this zone to even begin talks of a potential uptrend. That's really about it for the bearish side of things. On the bullish: 1) The rate of the downtrend has slowed significantly 2) Chia's maximum circulating supply is very close to bitcoins. In the 20 million coin range, and chia is only valued at ~$70 as of right now, coupled with an extremely low market cap. 3) We have bullish daily RSI and MACD divergence on not only the USDT pair but the BTC pair as well. Here are the main reasons why I believe Chia will struggle to start an uptrend unless something changes: 1) Since the coin has launched, the market cap has pretty much stayed the same. If coins are slowly introduced into the ecosystem but there are no more buyers than there are sellers, the price is going to go down. Simple supply and demand. 2) The coin is only listed on 3-4 exchanges I believe. This is likely why the market cap has stayed relatively the same since introduction. Since Chia runs off of the Nakaomoto consensus like Bitcoin, the introduction of new coins into the ecosystem will slow down over time becoming "deflationary". If Chia can start to increase its market cap, which will likely happen with more exchange listings, it is very possible to see chia trading back at Ethereum level prices again. Overall I'm more bullish on this coin than bearish. I would not be surprised if the short/medium term price of this coin drops because of what I have outlined above. I would HODL this coin rather than trade it if that makes sense. Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
Long
by MarketM8ker
1
Proof-of-Space-and-Time - The Upcoming Race for Storage SpaceIf you're looking for a long-term investment with a potentially high upside, the CHIA Network (XCH) has been slowly gaining ground in the crypto sphere among a few enthusiasts out there. Originally founded by the creator of BitTorrent, the CHIA Network has an entirely different validation system from Proof-of-Work (PoW) or Proof-of-Stake (PoS) and uses an algorithm called Proof-of-SpaceTime (PoST) to validate transactions. The cryptocurrency markets -- particularly in NFT and metaverse-related projects -- is facing a big issue right now: the lack of effective storage systems for decentralized platforms. Many of the currently "minted" NFTs have URLs that point to a basic web server, which creates a vulnerability in the crypto ecosystem that has largely gone unaddressed. For now, the images that you see on many platforms are alive and well, but as companies and project leads start to exit the space, we're going to start to see a lot more broken links show up on something that was *supposed* to be permanent on the blockchain. (There will probably be a lot of people who will get very mad when this happens is my guess, but there is no company to sue for damages, in this case. Blockchain!) Decentralized storage systems like Filecoin (FIL), Storj (STORJ), Inter Planetary File System (IPFS) has its maintenance requirements as well (it's not automatically permanent as some believe), but because its systems are decentralized, it makes it much easier for people to pass the torch onto successors if necessary. It might seem like a small thing, but it's actually a big difference compared to the usual way of someone paying for web hosting using a single credit card, which can often be unreliable and legally complicated to enforce. Yes, that would mean that even the URLs on popular NFT minting sites are in danger of "disappearing" completely. But don't worry -- that doesn't necessarily mean that the NFT that you bought is worthless -- yet. Given that there's so much money behind many of these platforms at this point, they're not likely to let it go to 0 -- the way this can be "fixed" is to migrate or modify these NFTs into a more permanent form later on. Whether or not the minting platforms decide to protect their customers or leave them out to dry is yet to be seen, but the option to solve this problem is at least there. (And would become the new standard thereafter, I'm guessing.) Right now the high gas fees on ETH make either option too cost prohibitive -- but if the ETH 2 upgrade goes as planned, a "re-minting" process may become a thing. Or the ETH team themselves might allow for the URL to change, as long as the change itself gets recorded in the blockchain as well. Either way, the demand for hard drives and storage spaces is likely to go way up, especially as NFTs start to introduce video elements to its ecosystem over time. (NFT platforms typically avoid videos because the file size requirements are huge compared to single-still images -- but we do live in a world where video is what everyone comes to expect.) This is a problem with a solution already there, except that people aren't aware that the problem exists yet. This is usually a signal that it's a good time to buy. XCH is likely to get more popular *after* proof-of-storage solutions such as FIL and STORJ become more commonplace since people will be looking at all the storage spaces they have and possibly look to be making some extra money -- it's a way to diversify one's resources, if anything. Why not?
Long
by RyanTanaka
Tidecoin and CHIA proof-of-stake (PoS) and proof-of-work (PoW) by using a less electricity-intensive consensus mechanism. The network achieves Nakamoto consensus by combining proof-of-space (PoS) with proof-of-time, (PoT) which both function in distinct manners. Proof-of-space requires miners to keep unused storage on their hard disk drives. In this scenario, miners install special software that allocates free space, which is then used to solve a challenge – similar to puzzle-solving in proof-of-work (PoW). The software stores a collection of cryptographic numbers on the miner's disk and, upon block creation, a challenge number from the previous block is taken. Miners scan their numbers to check if they have a number close to the challenge number that is required. Tidecoin is a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. An open source global payment network, and fully decentralized without any central authorities. Features of Post-Quantum security make Tidecoin a pontential replacement for Bitcoin. Tidecoin's new cryptography algorithm 'Falcon' is a lattice-based cryptography algorithm, based on the theoretical framework of Gentry, Peikert and Vaikuntanathan. There is no efficient solving algorithm currently known in the general case, even with the help of quantum computers, because the underlying, difficult problem is the short integer solution problem (SIS) over NTRU lattices. 09/Dec/2020, "Photonic Quantum Computer Displays 'Supremacy' Over Supercomputers", a news' title from spectrum.ieee.org. It clearly shows that billions of value on the Bitcoin network is facing the threat of Quantum computers. It is time to build a Post-Quantum security cryptocurrency. Tidecoin aims to build a quantum secure cryptocurrency.
Long
by UnknownUnicorn29753125
Chia Network (XCH) – Where to buy?Hello, everyone! Last time there are a lot of hype around the Chia Network. A lot of people bought this coin and if we take a look at the chart – most of them lost their money. The XCH is in free fall for a long time yet. But I suppose that the trend reverse can be soon. What is the only one way to catch the bottom? The true divergence for sure! We can see MACD have already flashed the bullish signal, after that we saw the 60% pump. Now the price broke down the monthly S1, I suppose the it is going to test it and 20MA again before the last drop to the S2, after that we will, probably see the divergence. Now I want to buy XCH at 62$, but this price can be changed if the signal will be earlier or later. I will give you an update when buy it. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
1
🆓Chia Network (XCH) Dec-3 #XCH $XCH XCH is falling sharply and the support zone that can stop this drop of XCH is the $115 zone, where XCH could rally sharply to the $140, $170 and $200 zones in December. But if it continues to hit If we lose this zone, we will wait to buy back at the $100 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 115$ zone 🔴Buy : 115 🔴Sell : 140 - 170 - 200 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 115$ zone 🔵Sell : 115 🔵Buy : 100 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
2