Altcoin Analysis, Stellar, Nem, Litecoin, Neo, Eos 402

Today, our altcoin analysis should be on Stellar Lumens inverted head and shoulder pattern and how buyers might be loading up their long positions.

It’s all on maybes especially now we know that the trend is bearish right from the top. Anyhow, if it continues this way, the recovery might see buyers testing the main resistance trend line and that is what many want. We are all dying for a recovery.

Encouragingly, Lumens is not alone. The same set up is visible in NEM, EOS, LTC and NEO. Is this a turn of new buy tide? Hope so, lets ee what the charts got for us.

NEM SELLERS FAILS TO CONFIRM MINOR SUPPORT TREND LINE BREAK OUT

XEMUSD 4HR Chart for January 24, 2018

Contrary to expectation, bears couldn’t follow through with yesterday’s minor break out. Against all odds, there was a slight appreciation as NEM buy pressure pushed prices back towards the minor break out trend line.

What is interesting though is that all this developments did happen within the break out candle. This beckons more questions than answers in the coming sessions.

Technically, we are in a bearish trend but momentum wise, buyers are likely to load up their longs.  I this regard, we should be watching the reaction at the middle BB and $1.14 more so if NEM sellers fail to close below $0.83 today.

ALTCOIN ANALYSIS STELLAR LUMENS INVERTED HEAD AND SHOULD PATTERN

XLMUSD 4HR Chart for January 24, 2018

For more perspective, it won’t hurt if we analyse Lumens price action from two angles.

First, we must admit that confirmation of an inverted head and shoulder pattern after yesterday’s prices bounce off $0.43 neck line and that is what buyers want to see.

Now, relative to the secondary chart where we are seeing emergence of buy pressure, the questions we must ourselves is this:  Will there be enough momentum for a close above the minor resistance trend line?

From all indicators, if Lumens prices keep oscillating above 38.2% Fibonacci levels, then it is likely that a new trend is in the covers.

NEO FINDING SUPPORT AT MIDDLE BB IN THE DAILY CHART

NEOUSD 4HR Chart for January 24, 2018

Yesterday’s NEO prices did dip but the depreciation was $10 shy off the main support line at around $94. There is a double bar bear reversal pattern and the onus is upon bears to confirm that depreciation this week.

In line with that expectation and buy pressure build up, two things can happen: Either, NEO buyers bounce off the middle BB-clear in the daily chart-with this current double bar bull reversal pattern at around the 78.6% acting as trampoline or sellers ease up and wait for better entries at the 38.2% marking $155.

However, decisions to buy or sell will lie on price action. From my analysis, I will readily dismiss sells propositions if NEO prices trend above $155.

LTC BUYERS LOADING UP POSITIONS

LTCUSD 4HR Chart for January 24, 2018

If we paste a Fibonacci retracement tool between recent highs and Q4 2017 lows, LTC prices are dangling right at the 61.8% level.

In our entry chart, it is clear that buyers are loading up their long positions. Evidently, there is a double bar reversal pattern and a buy stochastic signals complementing the potential move up.

Of course, I will need confirmation. Nothing will be more pleasing than prices closing above $210 and the middle BB in the daily chart.

If that happens, we can consider buying say at around $230. It will be timely because that is when prices are above the 50% retracement clear in the daily chart.

EOS DOUBLE BAR REVERSAL PATTERN AT MAIN SUPPORT

EOSUSD 4HR Chart for January 24, 2018

The reaction at $12 is encouraging and it after all, EOS buyers might end up maintaining the main buy trend.

Remember, there is a double bar bullish reversal pattern right at main support. Because of this, EOS buyers should aim at last week’s highs of $15 in the coming sessions.

All charts courtesy of Trading View

 

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Hector Network launches its NFT marketplace ‘Atlantica’ on Fantom 3911

Atlantica, a new NFT marketplace project by Hector Network that aims to be “the marketplace of the future for Web3,” launched on Jan. 19.

At the start of 2022, Atlantica’s entry into the market was confirmed with the announcement of two major initiatives: the confirmed interest in the nonfungible token (NFT) space and the development of the necessary infrastructure to support and further expand the NFT market on all fronts. Atlantica’s plans are backed with all the base components that facilitate the baseline standards of the NFT Space — marketplace, launchpad and Atlantica’s very-own NFT collections.

Through the team efforts, the project has reached a significant milestone: the successful initial public release and fine-tuning schedule of their various sub-projects. These developments position Atlantica as a dependable servicer in the NFT Industry. Hector Network (learn more about Hector Network’s ecosystem and roadmap here: https://hector.network/#) is well-positioned to continue growing and expanding out Atlantica. The protocol is confident in its ability to deliver on its promises and bring the wonders of NFTs to a wider audience. Its innovative approaches and understanding of the NFT market dynamics set it apart from the competition, making it an up-and-coming project to keep an eye on.

Here is a brief snapshot of what Atlantica is:

NFT marketplace

Two components of Atlantica’s marketplace are its cross-chain compatibility and working alongside NFT solutions, making it the one-stop-shop with all the advantages each blockchain provides. Initially, the platform will feature well-established brands from the Fantom network NFT space. It will only be live on the Fantom chain, which is an incredibly efficient network with virtually zero fees, instant finality and a growing community.

The plan is to expand to other chains in Q1 and Q2 2023 to make Atlantica the marketplace of the future.

NFT launchpad

The Atlantica NFT launchpad will be dedicated to onboarding emerging and established creators who meet the highest quality standards our users expect. We offer a range of business-to-creator solutions that empower NFT creators to monetize their work effectively, giving them the tools and support they need to succeed in our platform. We are committed to following through with our creators to ensure their success on Atlantica and in their communities.

Fully-owned NFT collection(s)

Atlantica’s fully-owned NFT collection(s) are utility-focused ecosystem cards offering unique benefits within and outside the crypto world. These collections feature premium perk unlocks that enhance the user’s experience and engagement within our ecosystem. These platform-representing NFTs provide more than just the opportunity to collect digital items; they also offer access to exclusive virtual events, discounts and special deals, opening up a new realm of possibilities. You can learn more about the first collection, Mythos, here: https://twitter.com/Mythos_HEC.

An effective NFT facilitator plays a crucial role in displaying a wide range of options and matching the right products with the appropriate users. The success of these purposes relies heavily on the specific NFTs that the protocol chooses to offer. In the case of Atlantica, its target audiences are those that find value in the variety of collections and projects showcased, which are known for their quality and user confidence in mind. By providing a comprehensive and curated selection of NFTs, Atlantica will enable users to easily find and access digital assets they desire.

Atlantica will host and list collections of any form while keeping a close eye on digital assets with high utility, such as NFTs for play-to-earn games, collectible items/trading cards, NFTs with real-life use cases, music and media, virtual fashion, real-world assets, domain names and digital artworks from the best artists and projects.

Here is a recap shared by the team of the features that are live as of Jan. 19:

Features in the marketplace, Jan. 19, 2023:

  • User profile creation
  • Facilitation of ERC-721 and ERC-1155 NFTs
  • Buy/sell/auction/make offers
  • Publish NFT collection(s) and NFT(s)
  • Favorite/follow system

Atlantica’s launch is a significant milestone for Hector Network and its expanding ecosystem, but this is just a starting point. Many upgrades are due in the next weeks and months, including potentially new utility for the Hector Network (HEC) token and TOR stablecoin — both issued by Hector Network — to make Atlantica the marketplace that everyone, from users to creators, always dreamed of. Follow Atlantica’s Twitter and don’t miss the next important announcements: https://twitter.com/AtlanticaMarket.

NADA Joins MOBI to Accelerate Zero Trust Innovations for Information Security and Business Automation 3766

MOBI (Mobility Open Blockchain Initiative) today welcomes the National Automobile Dealers Association (NADA), an innovation and advocacy group representing over 16,000 franchised new-car dealer members, into its global community.

The MOBI community aims to develop and accelerate adoption of zero trust Web3 standards and solutions to enable seamless and secure business processes, while safeguarding sensitive business and consumer data. NADA brings a critical dealer viewpoint to this process. MOBI and NADA agree that the widespread adoption of a shared technology-agnostic framework will be critical to future innovations for members of both consortia. NADA and MOBI also believe that compliance with the Federal Zero Trust Strategy issued by the White House in 2022 will be crucial to maintain their competitive edge.

“We are thrilled to team up with NADA to co-develop solutions to help solve pain points for use cases such as Vehicle Registration, Titling, and Dealer Floorplan Audit,” said MOBI CEO and Founder, Tram Vo. “We look forward to collaborating on additional mobility and geolocation applications that improve security while preserving customer privacy.”

“NADA is excited to work with the experts at MOBI on behalf of dealers to ensure that this important technology improves and modernizes the auto retail experience, generates efficiencies, and brings increased convenience for dealers and consumers alike,” said Mike Stanton, President and CEO of NADA.

MOBI anticipates that NADA’s entry into the community at large will play a critical role in igniting a two-way exchange of expertise between the organizations’ respective communities, enabling greater collaboration on the road to more resilient mobility value chains and accelerating related innovations in research, development, and implementation. MOBI welcomes organizations of all sizes, industries, and locations to share expertise, define industry standards, and improve the sustainability, efficiency, and accessibility of mobility services around the world.

About MOBI

Mobility Open Blockchain Initiative (MOBI) is a global nonprofit smart mobility consortium. MOBI and our members are creating blockchain-based standards to identify vehicles, people, businesses, and MOBI Trusted Trip. We are building the Web3 digital infrastructure for connected ecosystem and IoT commerce. For additional information visit www.dlt.mobi.

Engiven: The Most Trustworthy Crypto Donation Platform 4162

Engiven, Inc., a leading cryptocurrency donation technologies company, announced today that it has achieved SOC 2 Type 2 compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that Engiven, Inc. provides enterprise-level security for customers’ data secured in the Engiven, Inc. system.

Engiven, Inc. provides SaaS-based technologies that equip nonprofit organizations to securely accept and liquidate cryptocurrency donations while eliminating complexity and risk. Engiven’s crypto donation platform is sleek, boasting a highly automated end-to-end solution where the donation is verified on the blockchain, exchanged for USD, and a gift receipt is immediately sent to the donor.

“Engiven was founded on the principle that complex giving solutions should be highly secure, transparent, and simple,” said James Lawrence, Co-Founder and CEO of Engiven. “Financial trust has now become paramount in the crypto services industry and Engiven continues to place trust at the center of our company. By meeting or exceeding industry standards for security protocols, we aim to inspire trust that unlocks crypto generosity for the nonprofits that are changing the world for good.”

SOC 2 Type 1 is a certification that examines a company’s controls at a specific point in time and provides an opinion on whether the controls were designed effectively to meet compliance standards. Engiven first received SOC 2 Type 1 status in June of 2022, becoming the first crypto donation platform to do so.

SOC 2 Type 2, on the other hand, is a certification that examines the effectiveness of a company’s controls over a period of time and includes testing to ensure that they are operating as designed.

An unqualified opinion on a SOC 2 Type 2 audit report demonstrates to Engiven, Inc.’s current and future customers that Engiven manages customer and confidential data with the highest standards of security and compliance.

About Engiven

Founded in 2018, Engiven is a leading provider of cryptocurrency donation services to nonprofits and faith-based organizations. The Engiven platform provides a highly automated crypto-giving solution that includes blockchain monitoring, automatic exchanges, gift receipts, bank deposits, IRS tax form creation, custody options, and a full suite of developer APIs. Engiven, Inc. has achieved SOC 2 Type 2 compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. For more information about Engiven, visit https://engiven.com. Follow us on Twitter (@engiveninc) and LinkedIn (Engiven, Inc).

Native launches invisible DEX layer for crypto 4569

Native today announced the launch of its project-owned DEX layer for crypto.

Native created this technology because the crypto ecosystem has become too reliant on exchanges and market makers. Exchanges stand between users and projects, extracting fees and adding friction. Market makers operate in the shadows and few understand how they work. This needs to change. Crypto needs to become user-centric to scale to 1 billion users. That’s why Native exists.

Native’s technology empowers any project to become their own decentralized exchange (DEX). The protocol’s unique architecture pairs the on-chain transparency and security of a decentralized exchange with the efficiency of a centralized exchange. This solves an important problem for cryptocurrency, disintermediating 3rd-party exchanges and giving individual applications full control over their user journey and liquidity. For more information, see Native’s launch announcement on Medium.

Native is committed to building a community of projects and users who together bring crypto to a mainstream audience. Native’s DEX layer makes the swap experience frictionless and user-friendly.

The team has already announced a technology partnership with Ankr, the leading blockchain infrastructure provider, and a long-term campaign partnership with Galxe, the leading Web3 credential data network. Stay tuned for additional collaborative ventures ahead.

About Native:

Native is a blockchain technology company bringing crypto to the next 1 billion users. For more information, visit native.org.

TaxBit Announces Acquisition of Digital Asset Accounting Startup Tactic 4694

TaxBit, the leading tax and accounting provider for the digital asset economy, today announces the acquisition of Tactic, a digital asset financial accounting platform that offers a streamlined accounting subledger to save businesses hundreds of hours on critical digital asset management and reporting. This acquisition will combine two leaders in the digital asset accounting space and establish TaxBit’s New York office presence.

TaxBit co-founder and CEO Austin Woodward commented, “2022 demonstrated that there is a massive problem in the digital asset space with regards to credible accounting. TaxBit historically focused on top-of-market Enterprises, but it became evident that businesses of all sizes accepting, trading, or holding digital assets are in need of automated accounting solutions. As we got to know Tactic, it was clear that their world-class technical team, products, and culture perfectly align with what we are building and how we operate at TaxBit. We are excited to welcome their team onboard, and together continue building a turnkey solution for digital asset accounting.”

Tactic provides accounting automation tools, seamless integration with other financial software products, and increased visibility to reduce crypto accounting processes by as much as 75%. Tactic will augment TaxBit’s existing Corporate Accounting Suite (CAS) offering. The full integration of Tactic’s software and team with TaxBit will take place over the coming months.

The acquisition comes on the heels of major turmoil for digital asset markets. Recent crypto market events have highlighted the mission-critical need for transparency, especially in the form of auditable and verifiable accounting. As regulations evolve and as scrutiny increases, TaxBit can help restore investor trust with innovative and compliant solutions for tracking, processing, and reporting transactions.

Tactic co-founder and CEO Ann Jaskiw added, “As transparency and efficiency become the largest issues for businesses working in or entering the crypto sphere, we aspire to provide the definitive toolset for the industry. Austin and I share similar stories, being founders at the forefront of innovation and first movers in a fast-evolving industry. The team is thrilled to continue Tactic’s journey of product innovation and to establish our collective team as the go-to provider for digital asset accounting.”

The financial terms of the deal were not disclosed.

About TaxBit

TaxBit is designed by CPAs and tax attorneys, TaxBit is the leading tax and accounting solution for the digital asset economy. TaxBit’s platform serves the industry’s top exchanges, institutional investors, governments, and individuals. TaxBit is SOC 1, Type 1, SOC 2, Type 2 attestation and ISO 27001 certified. TaxBit has raised over $235M from the world’s-top investors to enable widespread digital asset adoption by automating the regulatory hurdles of tax and accounting compliance at scale. TaxBit has offices in Salt Lake City, San Francisco, Seattle, New York and Washington D.C.

To learn more visit: www.TaxBit.com

EtherMail’s Web3 Email Solution Enabled Streamlined Voting for Decrypt Studios’ First Annual Crypties Awards 4775

EtherMail, the first Web3 email solution setting the standard for anonymous and encrypted wallet-to-wallet communication, facilitated Web3 voting for Decrypt Studios’ inaugural Crypties Awards 2022.

Launched by Decrypt Studios, the Web3 production studio, The Crypties are the crypto industry’s preeminent annual awards initiative, showcasing the standout achievements of Web3 innovators. A decentralized token-gated voting system for the inaugural awards, held at Art Basel Miami in November 2022, was open to the public with a number of nominees across nine categories such as NFT Project of the Year, DAO of the Year, and more.

EtherMail enabled Decrypt Studios to engage members of the community and distribute the Crypties voting NFT to voters, providing a seamless voting mechanism for the community to participate in selecting the winners of the Crypties Awards. Through this integration, Crypties voters will also now be able to receive future updates about the Crypties directly into their EtherMail inbox, driven by token-gated dynamic mailing lists. Thanks to EtherMail, Decrypt Studios received over 64,000 sign-ups with a 40% vote cast rate by airdropping NFTs to their community.

To vote for The Crypties, members simply had to create an EtherMail account, after which they received a welcome email inviting them to cast their vote on The Crypties voting platform. The user’s voting token was airdropped to the crypto wallet associated with their account, which granted them exclusive access to the voting process. Once the vote was registered, the user’s voting token was burned and replaced with an ‘I Voted’ NFT.

EtherMail is the only tool in the Web3 space that allows Web3 companies to send rich, relevant content directly to their asset holders based on up-to-the-minute information. By leveraging EtherMail, companies always have an up-to-date registry of their entire set of asset holders, and can create customized email and automated communication streams. Included in EtherMail’s future pipeline will be the introduction of its native utility token, $EMT, an ERC-20 token based on the Ethereum network. EMT will be a first-of-its-kind incentivization mechanism designed to reward email users for their time and attention reading unsolicited emails, creating a much-needed framework for email economics.

Shant Kevonian, CEO and Founder of EtherMail, said: “Given how often tokens and NFTs are bought and sold across the Web3 ecosystem, it has been impossible for projects to maintain direct contact with current holders of their assets. The key word is ‘current’. Keeping pace with the ever-changing pool of holders requires consensual self-updating mailing lists based on real-time, blockchain-synced data. This is precisely what we’ve developed, a Web3 email solution tailored to the needs of Web3 projects. We’re delighted to have worked alongside Decrypt Studios, a true industry heavyweight at the cutting edge of Web3 innovation.”

Joshua Roth, VP of Development at Decrypt Studios, said: “The EtherMail and Crypties ‘Get Out the Vote’ campaign proved the power of EtherMail as a customer engagement, awareness, and information distribution tool. Not only were we able to reach a wide audience of new users, but the product’s flexibility allowed us to define our parameters of voting and provide great ease of use for our voters.”

Join the official EtherMail Telegram channel here: https://t.me/ethermail_official and follow the latest developments on twitter: https://twitter.com/ethermail_io.

For more information on how EtherMail can help your project maintain a direct and secure line of communication with your asset holders, visit: https://ethermail.io/daos.

About EtherMail

EtherMail is the first Web3 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication. With EtherMail, companies can send rich, relevant content directly to their asset holders based on blockchain-synced real time information. EtherMail also allows fully anonymous P2P communication and rewards its users for reading relevant content in their inbox.

About Decrypt Studios

Decrypt Studios is a Web3 creative studio providing blockchain solutions for brands, strategic partners, and IRL and metaverse events. Decrypt Studios demystifies digital assets and virtual worlds, providing tools to help stakeholders reach new audiences via Web3 offerings and activations. With our finger on the pulse of the industry via sister organization Decrypt Media, Decrypt Studios cuts through the hype to provide real-world results across the scope of the blockchain ecosystem.