Category: Theta

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Cardano Crypto News Market Analysis Oasis Network Theta Trading

Top 3 Coins to Watch Today: ADA, THETA, ROSE – March 9 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Cardano (ADA)

Cardano ADA is a proof-of-stake blockchain platform whose stated goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals”, helping to create a society that is more secure, transparent, and fair. Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.

ADA Price Analysis

At the time of writing, ADA is ranked the 8th cryptocurrency globally and the current price is US$0.8021. Let’s take a look at the chart below for price analysis:

Source: TradingView

ADA‘s nearly 40% drop from its mid-February highs found a low near $0.7935 last week before closing over a short-term high.

This daily close over the high could signal a shift in market structure that may reach probable resistance near $0.8725. A sustained bullish move may target the swing high at $0.9135. If this stop run occurs, a run beyond the high into probable resistance near $1.05 and $1.14 is possible.

Bulls could buy a retracement to possible support near $0.7840, just above the weekly open. A bearish turn in the marketplace may propel the price toward possible support near $0.7525. 

However, relatively equal lows near $0.7357 and $0.7122 provide an attractive target for bears if the market resumes its bearish trend. A run on these lows might find support between $0.6047 and $0.6952.

2. Theta Network (THETA)

Theta Network THETA is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralised network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain Ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

THETA Price Analysis

At the time of writing, THETA is ranked the 44th cryptocurrency globally and the current price is US$2.88. Let’s take a look at the chart below for price analysis:

Source: TradingView

THETA has been gradually moving downwards from December into March 2022.

The 9 and 18 EMAs, near $2.67 and an old consolidation area, might provide resistance to propel the price down to possible support.

Multiple swing lows under an area of old consolidation, near $2.53, could be the next downside target. If this level breaks, higher-timeframe consolidation near $2.47 might provide the following support.

However, if the current resistance breaks, an area near $2.97 and the 40 EMA might be the next level to watch. This level supported multiple past retests, which means it may flip to resistance.

A more substantial rally could push through the monthly open, revisiting the lows of an old consolidation from $3.18 to $3.53. If this move occurs, it could set the stage for a more extensive consolidation or the start of a new bullish trend.

3. Oasis Network (ROSE)

The Oasis Network ROSE is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionising Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi but also create a new type of digital asset called Tokenised Data that can enable users to take control of the data they generate and earn rewards for staking it with applications – creating the first-ever responsible data economy.

ROSE Price Analysis

At the time of writing, ROSE is ranked the 87th cryptocurrency globally and the current price is US$0.2225. Let’s take a look at the chart below for price analysis:

Source: TradingView

ROSE has dropped nearly 60% since mid-January and found a low in early March, with price action now trending upward through a higher-timeframe range.

The area beginning near $0.3246 has provided strong resistance and may do so again. However, relatively equal highs near $0.3812 offer a tempting target for bulls. A run of these highs may reach up into the daily gap near $0.4314.

Aggressive bulls might add to their positions near $0.2278. If the price breaks through this level, it may be reaching for the cluster of swing lows near $0.2054 and $0.1915. A more substantial move down may run stops below the relatively equal monthly lows, around $0.1766, into the daily gap at this level.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Industries Korea NFTs Theta Theta Network

New Samsung Galaxy Smart Phones to Come with Theta-Based NFTs 

To celebrate the launch of new flagship models Galaxy S22 smartphone and S8 tablet, tech giant Samsung will be dropping collectible non-fungible tokens (NFTs) through ThetaDrop to South Korean customers who pre-order the new devices.

Samsung has once again included NFTs in one of its new offerings. After the pre-order period, customers who pre-order and pre-book the new Galaxy S22 smartphone or S8 tablet will need to register on ThetaDrop – the official Theta NFT marketplace – to collect their commemorative NFTs via their phones.

Samsung announcement (Korean). Source: Samsung

Pre-orders opened on February 9, and the devices are planned to launch officially on February 25.

According to a tweet from Mitch Liu, co-founder and CEO of Theta Network, customers who hold the commemorative NFT will be provided with “ongoing membership benefits and privileges”.

Our NFT collaboration with Samsung Electronics truly exemplifies global adoption of Theta’s blockchain technology and marks an important milestone in the growth of our core blockchain purpose built for the video, media and entertainment industry.

 Mitch Liu, co-founder and CEO, Theta Labs

Samsung’s Long-Standing Relationship with Theta

Samsung has worked with the Theta network on previous occasions but has now decided to use the blockchain for its specialised capabilities in video, media and entertainment to mint and issue the NFTs:

Samsung’s long-standing relationship with Theta began in 2019 when its venture capital arm invested in Theta Labs as part of its commitment to new technologies such as artificial intelligence, blockchain, and fintech. Samsung also collaborated with Theta when developing its new smart TVs that could act as a media hub and a node to expand the Theta network.

TVs can become relay nodes that are effectively on the edge of the network, and onboarding hundreds of thousands to millions of these devices could significantly bolster Theta’s network capacity.

Theta Network

Samsung has made quite a strong push into the crypto sector and has even opened a flagship store in Decentraland. The Korean company has on multiple occasions added some kind of blockchain functionality to its products, which will certainly support mainstream adoption in the long run.

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Crypto News Market Analysis Theta Trading

Top 3 Coins to Watch Today: COTI, DUSK, THETA – February 1 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Coti (COTI)

COTI markets itself as the first enterprise-grade fintech platform that empowers organisations to build their own payment solutions as well as digitise any currency to save time as well as money. COTI is one of the world’s first blockchain protocols that is optimised for decentralised payments and designed for use by merchants, governments, payment DApps, and stablecoin issuers. The ecosystem has a DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution, and a payment gateway.

COTI Price Analysis

At the time of writing, COTI is ranked the 170th cryptocurrency globally and the current price is US$0.3304. Let’s take a look at the chart below for price analysis:

Source: TradingView

COTI‘s 682% rally during H2 2022 broke down during November and has since been in a bearish trend on the daily chart. The price recently swept lows below a contested area at $0.2352, which prompted a rally during the last week into resistance at the 40 EMA near $0.3288. 

It remains to be seen whether this contested area from $0.2703 to $0.2352 can support a retest.

Unless the overall market turns bullish, a bearish continuation to possible support near $0.2065 – just under the 78.6% retracement level – seems likely. This area has sparked multiple consolidations.

A break of this level might continue to possible support near $0.1599, where the H2 2022 rally began accumulating before its run.

If the market continues its rally, breaking through resistance near the 2021 yearly open, the macro range highs near $0.4613 might provide the next resistance.

2. Dusk Network (DUSK)

Dusk Network describes itself as a blockchain for programmable and confidential securities, powered by Zero-Knowledge proofs and a novel Private PoS leader extraction-based consensus protocol. Dusk Network is a privacy blockchain for financial applications. It is a layer-1 blockchain that powers the Confidential Security Contract (XSC) standard and supports native confidential smart contracts.

DUSK Price Analysis

At the time of writing, DUSK is ranked the 196th cryptocurrency globally and the current price is US$0.5727. Let’s take a look at the chart below for price analysis:

Source: TradingView

DUSK‘s stunning 1,310% rally from its June lows to December highs shows signs of a more significant bearish reversal after a failed rally in mid-January.

An area near $0.5546, which has confluence with the 9 EMA and the most recent consolidation, is likely to provide resistance.

Possible support under a significant recent swing low and the 61.8% retracement, near $0.4605, may be the next bearish target.

If this area fails to provide support, an area near $0.2625 might offer the next support and potentially a longer-term bottom. This area has confluence with the 78.6% retracement and the consolidation preceding the sharpest leg of H2’s rally.

If market conditions become more bullish and resistance near $0.5546 breaks, an area near the last down moves midpoint, around $0.7737, could provide the next resistance. 

A more sustained move upward may retest the 2022 open near $0.9356. However, the current market conditions reduce the probability of a significant rally.

3. Theta Network (THETA)

Theta Network THETA is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralised network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain Ventures, Gumi, Sony Europe, and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

THETA Price Analysis

At the time of writing, THETA is ranked the 45th cryptocurrency globally and the current price is US$2.90. Let’s take a look at the chart below for price analysis:

Source: TradingView

THETA has been gradually trending downwards since its massive 44,582% rally through 2020 into April 2021.

The 9 and 18 EMAs, near $2.941 and an old consolidation area, might provide resistance to propel the price down to possible support.

Multiple swing lows under an area of old consolidation, near $1.136, could be the next downside target. If this level breaks, higher-timeframe consolidation near $0.772 might provide the following support.

However, if the current resistance breaks, an area near $3.678 and the 40 EMA might be the next level to watch. This level supported multiple past retests, which means it may flip to resistance.

A more substantial rally could push through 2022 yearly open, revisiting the lows of an old consolidation from $4.986 to $5.830. If this move occurs, it could set the stage for a more extensive consolidation or the start of a new bullish trend.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Bitcoin Crypto Hardware Wallets Crypto News Crypto Wallets Hackers Theta

Hacker Helps Recover $2 Million in THETA from Trezor Wallet

Hacks don’t typically have a happy ending. Fortunately, for one New York-based crypto investor who forgot the PIN to his Trezor One hardwallet, a hacker was able to help him recover over US$2 million in THETA.

The Story

In 2018, Dan Reich and his friend Jesse decided to make a concentrated bet on a new crypto. They both cashed out around US$25,000 in BTC and and bought US$50,000 in THETA at a time when it was trading at just 21 cents.

Jesse was going to custody the THETA and things were going swimmingly, until word spread of China cracking down on exchanges. This prompted them to transfer their THETA to a safer alternative, a Trezor One hardware wallet.

Dan Reich (right) with his friend Jesse. Source: Danreich.com

Then came the infamous crypto winter, which saw their investment annihilated. Dan wanted out but Jesse had forgotten the PIN to the Trezor One, which would self-destruct if they guessed the PIN incorrectly too many times. He had also somehow misplaced the piece of paper with the 24-word seed phrase that could have otherwise restored his wallet.

After writing off the investment, the pair then watched their investment recover and soar, eventually to over US$1 million and, at one point, touching US$3 million. After contacting a range of international experts, they settled on a reputable hacker, Joe “Kingpin” Grand, who claimed he could assist.

Kingpin to the Rescue

Kingpin spent the better part of 12 weeks trying to hack the Trezor One and, remarkably, found a way to recover the lost PIN.

Kingpin’s Trezor One hack circuit. Source: Danreich.com

According to Grand, the key to his success related to the hardware wallet’s firmware update that temporarily moved the PIN and key to RAM, only to later move them back to flash once the firmware was installed. For the particular firmware on Reich’s wallet, the information about the PIN was stored in flash.

After using a technique altering the voltage of the chip, known as a “fault injection attack”, Grand surpassed the security of the microcontrollers and obtained the PIN needed to access the wallet and the funds. Grand explained:

We are basically causing misbehaviour on the silicon chip inside the device in order to defeat security. And what ended up happening is that I was sitting here watching the computer screen and saw that I was able to defeat the security, the private information, the recovery seed, and the pin that I was going after popped up on the screen.

Joe “Kingpin” Grand, hacker

No doubt proud of his effort, Kingpin later created a video in which he provided a full account of how he managed the feat:

For its part, Trezor expressed relief for Grand having been able to access the funds but noted that the vulnerability identified had already been fixed:

What’s the lesson here? Remember your 4-digit PIN (make it hard to forget), write down your seed phrase and put it somewhere safe, and also keep your hardware’s firmware updated. If you happen to be one of those unfortunate souls who have lost their crypto, it could be worse – you could be the guy who is still looking for his 7,500 BTC.

For Australians keen to up their crypto security game, Crypto News Australia recommends Coinstop as its preferred hardware wallet provider. Users can get A$5 off their order with the code CRYPTONEWS.

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Gaming NFTs Theta

Top 10 Exciting THETA Blockchain Projects

THETA Blockchain Projects present decentralised ecosystems that serve to improve the streaming quality and delivery of video content. As open source crypto technologies evolve through THETA labs, developers can offer more features to video platforms, viewers, and streamers.

When a person streams a video, they are accessing this content without needing to download it, whether this is watching a movie, listening to audio, or – popularly – watching gamers stream their gameplay. Currently, due to the way streaming operates, there are several issues with the streaming quality and latency of video and audio.

THETA projects seek to set up a peer-to-peer network that permits users to connect their unused bandwidth and resources to the system. Not only does this improve the quality of the content, but it can also reduce costs. A handful of these projects are worth investigating if you have any interest in streaming.

Here is our list of the top 10 exciting THETA blockchain projects we suggest you investigate:

1. StreamVerse

https://streamverse.overclockedbrains.co
StreamVerse – for true to its roots streaming.

StreamVerse believes that the current streaming platforms lack realism and interactivity. Therefore, this project seeks to “capture the attention of Gen Z while also maintaining the ease of usage”. StreamVerse is working to allow its users to access realistic spaces and emotions through the incorporation of NFTs.

Any moment of the stream can be converted to an NFT that lives on forever. Moreover, StreamVerse helps streamers maintain eye contact, have more than one group within a single room, talk with fans, and host charity events. StreamVerse is currently looking for ways to make its project more scalable for future relevance.

2. TKETS

https://tkets.io/
TKETS – security for your ticketing needs.

TKETS presents a unique use for NFTs and blockchain technology that combats the issues with e-tickets. The age of paper tickets is coming to an end, as e-tickets become harder to misplace and easier to deliver. However, most of these e-tickets use a typical barcode or QR code, which is static and easy to replicate. It is also impossible to ensure these tickets haven’t been duplicated.

TKETS aims to bring more functionality to NFTs. All you’ll need is a MetaMask wallet and your ticket can be minted directly to you. Your ticket will be uniquely yours and its information gets listed on the blockchain. The TKETS platform allows for direct payment but is not centralised, meaning the ticket itself can only be accessed by the holder.

3. Scrubr

https://www.scubr.org
Scrubr – YouTube and TikTok meet NFTs.

Scrubr is an application for the sharing of short video content, designed for creators and viewers to contribute and watch. If your video is well-received there is potential for creators to earn $SET (Scrubr Engagement Token). Views and likes on owned videos generate tokens that can be used to purchase merch or other videos from the site (NFTs). $SET has governance and utility power.

Essentially Scrubr is combining NFTs with YouTube. Using blockchain technology, the minting, buying and selling of these videos are tracked to ensure proper ownership. Soon, Scrubr is looking to introduce a mobile app, along with VR integration and direct messaging features.

4. OpenTheta

https://opentheta.io
OpenTheta – an easy-to-use NFT marketplace.

Seeking to make it possible for anyone to mint, launch and trade NFTs, OpenTheta presents an easy-to-use marketplace. Running as a smart contract on the THETA blockchain, OpenTheta allows users to easily search for, upload, and filter through the site’s NFTs.

The marketplace is very creator-friendly, working to help with all technical aspects of a launch. OpenTheta is still in its early days; as the site expands the creators are looking to implement auction-style trades, along with methods to continuously update the prices of the available NFTs.

5. HarkTV

https://hark.tv/
HarkTV – streaming for charity.

If you are seeking THETA blockchain projects that are heavily situated around working with not-for-profits, HarkTV could be a good place to start. HarkTV recognised the potential for a political streaming service, broadcasting rallies and smaller political gatherings to viewers. Non-profits play a big role in HarkTV’s adherence to individual regulations across the 50 US states.

The $HARK token is required to get involved with this project. Actions on the website can generate these tokens, which can be used to vote in elections that decide the not-for-profit that will receive a lump sum. HarkTV is for streaming of all sorts, not just of the political kind.

6. Minty NFT

https://www.nintendolife.com/news/2017/10/guide_getting_started_with_the_pokemon_trading_card_game
Minty NFT – monetise your playing cards.

Originating from a love of trading cards, Minty NFT provides an app where users can mint their own trading-card NFTs. Built on the blockchain, Minty NFT allows for the opportunity to create customisable 3D cards, something not often seen in the NFT landscape.

Built for Android, Minty NFT is easily accessible via a downloadable app. The future brings the potential for more canvas sizes to mint onto. However, the app is intended for 3D trading cards and does not look to move past this.

7. Blockchain eSports

https://www.techerati.com/the-stack-archive/world/2018/08/02/blockchain-based-esport-game-launches-presale/
Blockchain eSports – bringing Roku into the game.

Blockchain eSports is looking to bring Roku games into the digital era. Roku itself is a box that allows you to stream to your TV. Blockchain eSports for Roku is bringing Theta.TV to viewers, Theta.TV being the first streaming service to be published to the THETA blockchain.

The app is now available for download; however, the future of Blockchain eSports involves improving the app to provide user login, so that users can eventually personalise features and engage with TFuel (the token for the THETA network).

8. THETA TV

https://legacy.theta.tv/about
THETA TV – the original THETA project.

As previously mentioned, THETA TV was the first blockchain project to go online within the THETA network. Branding itself as the “next-generation esports platform”, THETA TV brings 24/7 live streaming. With a lot of the big streamer names from platforms such as Discord, viewers can earn $TFUEL through watching and interacting with these streams, and streamers can earn theta coins through guardian nodes.

Users of the platform also get access to fun perks such as the ability to open themed crates and to win a variety of gaming gear. THETA TV is very much made for and designed by gamers.

9. THETA Drop

https://thetazilla.thetadrop.com/
THETA Drop – NFTs combined with streaming.

THETA Drop classes itself as a next-generation NFT marketplace. Launching with the World Poker Tour, THETA Drop incorporates streaming into NFT auctions to increase creator-fan engagement.

Powered by the THETA network, this project is utilising blockchain technology specifically for media and entertainment. Using TFuel, like many other THETA projects, allows transactions to be environmentally friendly. THETA Drop transactions are also supposedly cheaper and faster than Ethereum transactions.

10. Dedpool

https://devpost.com/software/dedpool-y6v453
Dedpool – enhance your betting with AI technology.

If you are a League of Legends fan, this is a project worth investigating. Combine LoL with gambling and you have the project Dedpool. With esports betting being a complex matter, Dedpool is making its betting easier and more specific. This allows for new ways to interact with the streaming ecosystem.

Like many other projects, watching streams allows viewers to generate TFuel – which you can then use to bet. Dedpool is currently utilising AI technology to read the game in real-time, meaning the onus is not on the streamer to manage the viewer’s experience.

Conclusion

Much like the various metaverse projects in circulation, THETA blockchain projects are adding new dimensions to the utilisation of cryptocurrency and gaming industry engagement. All THETA projects are situated around the idea of the THETA token, with the blockchain merely providing the right environment for this technology to grow.

As the aim of these projects is to prevent viewers from paying for low-quality streaming services, the projects within this list are finding ways to fix this and apply their own unique spin. This often features the inclusion of NFTs. THETA itself is looking at future partnerships with existing streaming companies, such as Twitch. However, if you are sick of the mainstream and are looking to support other aspects of this growing industry, these listed innovative projects could be worth your time.

Don’t stop with this list, either. If you are looking for other projects in the same vein, it’s worth investigating the THETA Hackathon. With the most recent Hackathon having over 700 participants, a plethora of opportunities await the future of THETA technology.

Categories
Gaming Metaverse NFTs Theta

5 Incredible Crypto Projects from the Recent THETA Hackathon

With a total prize pool of US$500,000 and over 700 participants, the latest Theta Hackathon has crowned winners first to third in four different categories.

Out of all the placing teams that took part in the hackathon, here are Crypto News Australia‘s five favourites:

StreamVerse

Streamverse is the lovechild of streaming and metaverse concepts and is a place where streamers go to “monetise their streams and moments without any third-party arbitration providing player interaction as [a] base layer”. Users will be able to move around in a 3D virtual environment with friends and other fans to watch their chosen streamers.

Streamverse’s 3D virtual environment.

The team set its sights on building a platform that was realistic and where fans could interact more closely with their favourite streamers. Moments you never want to forget can be captured and converted to an NFT without relying on a centralised entity. The project also has efficient applications for charity and esports use cases.

TKETS

TKETS is a decentralised ticketing platform that aims to solve the security problems that plague the industry. The platform is fully permissionless, meaning anyone who has a Metamask wallet can interact with the platform and create an event directly.

The TKETS dashboard.

For event organisers, each ticket is minted as a separate smart contract that only they own, and every ticket purchase locks the funds directly into the contract. This means that after the event ends, event organisers can withdraw their funds immediately and directly with no need for any other approval. And on the other side of the coin, if an event fails to happen, payments are redistributed to the buyers.

SCUBR

Scubr is a short video content-sharing application. The goal is to introduce people to the blockchain space without scaring them off with the complexity that comes with it. Users can post videos of their own and watch videos of other creators. Based on the views and likes received on their owned videos, users earn SET (SCUBR Engagement Token). Using this token, they can purchase merch from other users or even trade NFTs.

SCUBD video-sharing platform.

By minting NFTs from their videos, users can sell them on the marketplace and buy other people’s videos as well. When the project is fully realised, people could hopefully even buy videos from celebrities or influencers. Once a user purchases an NFT through the marketplace, the video is transferred from the seller’s profile to the buyer’s profile, and any subsequent views of the video are credited to the buyer.

OpenTheta

ThetaDrop is run by Theta Labs and is its third-party marketplace where only selected artists, influencers and creators are able to launch NFTs. OpenTheta is the first independent and public NFT marketplace on the Theta blockchain that will allow any user to create, launch, and trade NFTs.

OpenTheta homepage.

The marketplace has a launchpad to support creators launching their new NFTs. Buyers can also check the sales history of an NFT, which gives them an understanding of overall supply and demand.

The Bug Adventure Show

The Bug Adventure Show is an adventure game where competitors play for NFT prizes, tokens and achievements. Competitors will need to solve puzzles and riddles set out by the team, and only one player can play the game at a time while their actions are live-streamed for all to see.

The Bug Adventure Show in-game footage.

The point and click game will be broadcast through Edgecast and each player will have five minutes to solve a puzzle with all the data being saved on the blockchain. The next player carries on where the previous one left off, and the game will continue until there are no more players in the queue.

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Crypto News Market Analysis Monero Theta Trading

Top 3 Coins To Watch Today: THETA, SHIB, XMR – October 25 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Theta Network (THETA)

Theta Network THETA is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralised network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

THETA Price Analysis

At the time of writing, THETA is ranked the 32nd cryptocurrency globally and the current price is A$8.68. Let’s take a look at the chart below for price analysis:

Source: TradingView

THETA‘s euphoric early-June pump turned into a late-July dump, with little higher-timeframe support for bulls to justify entries.

Currently, the price is distributing at the 60% retracement level. A small consolidation near A$8.60 is visible on the daily chart. This area does have some confluence with the retracement level and could offer some support in the future. 

The daily gap’s midpoint near A$9.55 has suppressed the price, although a push through this level could fill the daily gap up to A$11.62. A lack of sensitivity at this resistance could suggest a minor retracement before a possible move to new monthly highs.

2. Shiba Inu (SHIB)

Shiba Inu SHIB coin was created anonymously in August 2020 under the pseudonym “Ryoshi”. The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin, paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.

SHIB Price Analysis

At the time of writing, SHIB is ranked the 11th cryptocurrency globally and the current price is A$0.00005787. Let’s take a look at the chart below for price analysis:

Source: TradingView

SHIB wasted no time during October, rocketing upward over 465% from the first week of the month into the resistance near A$0.00005982.

For the past several days, the price has been moving in a rising wedge and appears to be flipping old resistance near A$0.00005542 to support. If this level breaks – perhaps due to the tempting daily equal lows below – the next support begins near A$0.00004829.

Bulls entering at these levels could set their first target near the previous resistance near A$0.00005980. Beyond this level, probable targets include the new highs near A$0.00006124 and the resistance above near A$0.00006492.

A break of this resistance later this month could continue to the new all-time highs near A$0.00006822 and A$0.00007154.

3. Monero (XMR)

Monero XMR allows transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero says privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users irrespective of how technologically competent they are.

XMR Price Analysis

At the time of writing, XMR is ranked the 38th cryptocurrency globally and the current price is A$370.75. Let’s take a look at the chart below for price analysis:

Source: TradingView

XMR‘s 235% pump during Q2 ran into resistance near A$620 on April 10. Since then, the price has been consolidating in a 120% range between A$345 and A$420.

Just below the monthly open, A$347 is the first level likely to provide substantial support. If the price breaks down through this level, overlapping levels near A$336 might cap a run on the lows near A$325 and A$308.

The higher-timeframe analysis points to the area near A$384 as the next substantial resistance. Significant selling has been occurring here on the daily chart. If this level breaks, the swing highs near A$398 and A$417 may be the next target.

Where to Buy or Trade Altcoins?

These three coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Binance Crypto News Market Analysis Swyftx Theta Trading

Top 3 Coins To Watch Today: CLV, THETA, CAKE August 16 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Clover Finance (CLV)

Clover CLV is a Polkadot parachain, committed to providing easy-to-use blockchain infrastructure and creating a one-stop EVM compatible framework for substrate-based applications. The CLV token is used to pay for Clover transactions and to vote for network upgrades. Clover also aims to enable interoperability between Bitcoin and other blockchains.

CLV Price Analysis

At the time of writing, CLV is ranked the 256th cryptocurrency globally and the current price is A$2.06. Let’s take a look at the chart below for price analysis:

Source: TradingView

After climbing nearly 65% since the August monthly open, a 15% range has trapped CLV between A$1.80 and A$2.25.

A consolidation near A$1.95, visible on the chart, provided support on the last touch. This level could provide support again on a stop run under A$1.87. 

A deeper run-on stop at A$2.07 might reach the top of a higher-timeframe gap at the same level. However, a push this low reduces the chance of a new all-time high soon. Below, little significant support exists until A$2.00.

Higher-timeframe levels overlapping with a daily gap beginning at A$2.16 are likely to provide resistance, perhaps on a sweep of the equal highs near A$2.24. Breaking this resistance makes the relatively equal highs near A$2.30 and the all-time high at A$2.37 the next probable targets.

2. Theta Network (THETA)

Theta Network THETA is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralised network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

THETA Price Analysis

At the time of writing, THETA is ranked the 22nd cryptocurrency globally and the current price is A$9.55. Let’s take a look at the chart below for price analysis:

Source: TradingView

THETA’s euphoric early-June pump turned into a late-July dump, with little higher-timeframe support for bulls to justify entries.

Currently, the price is distributing at the 52% retracement level. A small consolidation near A$9.12 is visible on the daily chart. This area does have some confluence with the retracement level and could offer some support in the future. 

The daily gap’s midpoint near A$9.85 has suppressed the price, although a push through this level could fill the daily gap up to A$12.76. A lack of sensitivity at this resistance could suggest a minor retracement before a possible move to new monthly highs.

3. PancakeSwap (CAKE)

PancakeSwap CAKE is an automated market maker AMM – a decentralised finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It launched in September 2020 and is a decentralised exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.

CAKE Price Analysis

At the time of writing, CAKE is ranked the 34th cryptocurrency globally and the current price is A$27.71. Let’s take a look at the chart below for price analysis:

Source: TradingView

CAKE’s 315% pump during Q2 ran into resistance near A$22.36 on June 10. Since then, the price has been consolidating in a 120% range between A$16.21 and $25.14.

Just below the August open, A$19.58 is the first level likely to provide substantial support. If the price breaks down through this level, overlapping levels near A$18.00 might cap a run on the lows near A$17.66 and $16.98.

The higher-timeframe analysis points to the area near A$31.79 as the next substantial resistance. Significant selling has been occurring here on the daily chart. If this level breaks, the swing highs near A$36.44 and A$40.37 may be the next targets.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia. However, you can also buy these coins from different exchanges listed on Coinmarketcap.

Categories
Binance Crypto News Market Analysis Solana Swyftx Theta Trading

Top 3 Coins To Watch Today: SOL, THETA, HBAR July 28 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Solana (SOL)

Solana SOL is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralised finance (DeFi) solutions. The Solana protocol is designed to facilitate decentralised app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

SOL Price Analysis

At the time of writing, SOL is ranked the 15th cryptocurrency globally and the current price is A$38.22. Let’s take a look at the chart below for price analysis:

Source: TradingView

After a 250% run during May, SOL has been consolidating in a gap near A$35.28 from the past few weeks.

A sweep of the lows may have created support around A$28.55, which could give aggressive bulls a chance to get on board at the range lows. If the retracement continues, the price may find support near the gaps around A$27.94 and A$25.77.

The relatively equal daily highs at A$42.83 provide a potential first target. A break of the resistance near A$44.67 might reach resistance near A$48.00 and a sweep of the last high near A$53.42. 

If the price leaves the current low near A$45.87 intact, a bullish breakout from the current consolidation range could reach the extensions near A$56.37 and A$58.44.

2. Theta Network (THETA)

Theta Network THETA is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralised network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

THETA Price Analysis

At the time of writing, THETA is ranked the 20th cryptocurrency globally and the current price is A$7.71. Let’s take a look at the chart below for price analysis:

Source: TradingView

Last week we saw 95% gains for THETA, but the bull run might not be over yet.

Resistance near A$7.80 is pinning the price down as it accumulates on an old monthly level near A$5.89. A sweep of this consolidation range could reach probable support near A$4.67, giving bulls a better risk-reward entry.

The last high at A$12.71 and a May high at A$16.87 are probable first targets. The area between A$11.27 and A$13.45 may provide some resistance, with extensions suggesting that A$14.35 may be a likely area of contention.

A break of this resistance could run as high as the extension at A$17.85 during this move.

3. Hedera Hashgraph (HBAR)

Hedera Hashgraph HBAR is a public network that allows individuals and businesses to create powerful decentralised applications (DApps). It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face, such as slow performance and instability. Unlike most other cryptocurrency platforms, Hedera Hashgraph isn’t built on top of a conventional blockchain. Instead, it introduces a completely novel type of distributed ledger technology known as a Hashgraph.

HBAR Price Analysis

At the time of writing, HBAR is ranked the 51th cryptocurrency globally and the current price is A$0.2702. Let’s take a look at the chart below for price analysis:

Source: TradingView

HBAR bears saw 48% retracement during July as the price approaches resistance from a weekly gap beginning at A$0.2855.

Support may have formed last weekend near A$0.2547, which would be confirmed by a strong move above this level and provide a probable area for entries. A gap beginning at A$0.2485 may also offer support if tested, along with the last movement’s base starting at A$0.2267.

Old overlapping levels and a previous move’s 2.0 extension make A$0.3541 to A$0.3862 a likely resistance area. If the price retraces near A$0.4017 before piercing this level to form a new 1.0 extension, an old monthly high near A$0.4325 may be the next target.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia. However, you can also buy these coins from different exchanges listed on Coinmarketcap.

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Basic Attention Token Binance Coin Bitcoin ChainLink Chiliz Coin Crypto News Cryptocurrencies Dogecoin Ethereum Qtum Ripple Theta

Sam’s Crypto HODL List – May 2021

Following on from my article about 5 Crypto Coins That Could Have a Great 2021, I’ve had a lot of questions lately about what cryptos I like at the moment. So here is the shortlist, and the reasons why I like them.

Disclaimer: Before you continue reading, please note that I am not a financial advisor, nor do not recommend you buy any of these cryptos mentioned below. I also change my positions constantly and may or may not be holding these coins. This is just a list of those coins which I like at the moment and providing some commentary for educational purposes only to help people learn about these exciting projects. For the latest coin prices see the cryptos page.

Bitcoin

BTC / Rank #1 / Price A$51,000

BTC is the first cryptocurrency and the godfather driving the market. Over the years, I’ve learned that it is foolish not to have some BTC in the portfolio, because it tends to act independently to the other cryptocurrencies. What percentage of BTC of the total portfolio is totally up to you, something around 50% is not unusual to see.

With its inelastic supply and growing demand, it’s hard not to see continued upside as it averages around 200% per year over the past 10 years. We’re also seeing lots of institutional money flowing into BTC as big companies add BTC to their balance sheets as a “hedge” and “store of value”.

I would also say that there is also speculation that BTC may eventually replace the US Dollar and become unit of account for the worldwide economy. Could we be comparing the price of goods in Satoshi’s in future years to come?

Ethereum

ETH / Rank #2 / Price A$3,800

While Bitcoin is seen as a “store of value”, Ethereum is powering the new crypto economy. Bitcoin currently has scaling and environmental issues while Ethereum is quickly evolving to address those issues.

As a computer programmer myself, as soon as I heard “Ethereum is programmable money”, my eyes opened wide and I saw the potential of cryptocurrencies for the future of the economy.

Ethereum has some very promising use cases especially with Decentralised Finance (DeFi), Non-fungible Tokens (NFTs), and Decentralised Exchanges (DEXs).

Compared to Bitcoin’s 200% average return per year, Ethereum has averaged 400% per year so far and is on target to outperform BTC once again this year.

Binance Coin

BNB / Rank #3 / Price A$550

Binance has evolved into a worldwide cryptocurrency exchange juggernaut since it started in 2017. At the moment, it is the easiest and best place to do your crypto trading. Before it came along, other platforms were terrible and hard to use with high fees.

They are also starting to expand their services into other markets such as DeFi with Binance Smart Chain, crypto loans, and crypto debit cards coming to Australia later this year.

It’s crazy to think that BNB was only $2 back in 2018 and now it is over $600. I can only see upside for Binance as their ecosystem expands rapidly as they buy up big companies such as CoinMarketCap and are set to Acquire 20-30 Crypto Startups Yearly.

Chiliz Coin

CHZ / Rank #59 / Price A$0.48

Chilliz launched in 2020 to power the new sports fan token economy. These tokens act like a royalty program for fans and also can provide other benefits such as voting, connecting fans directly with clubs and players.

Since launching, CHZ has already increased over 7,000% in price and I can only see more upside for the project. My research into this coin revealed that there are currently no major competitors in the space. Their business model also looks quite clever, as they list new tokens (like in the case of UFC) on pre-sale, then the coin is actually added once the partnership is officially approved.

As clubs see the potential to raise funds through this new revenue stream, they will launch their tokens and form partnerships with Chilliz and Socios as a way to not only raise funds but engage with their fans. We’ve already seen big football clubs join such as Manchester City, Barcelona, Juventus and other sports such as UFC and Formula 1.

Chainlink

LINK / Rank #13 / Price A$47

Chainlink is a project that connects real-world data with blockchain data. As a computer programmer, I can see the power of this technology and the need for timely, accurate, and trusted data.

Moving forward I can see a huge demand to sync the real world and the virtual world. This could be something simple like a weather forecast, or more complicated like tokenized partial ownership of real estate.

Together with this and its exceptionally regarded oracles that manage the security and integrity of the network it can only be a very strong “middleman” for the further advancements of blockchain and decentralized finance.

Basic Attention Token

BAT / Rank #72 / Price A$1.26

Basic Attention Token is a decentralized platform built on Ethereum. It rewards you for your attention, if you see an ad, you get paid in BAT through the Brave Browser.

The utility of rewarding people for their attention is quite a powerful concept, especially if you are shown the ads your interested in.

The project is currently advancing by developing a DEX (decentralized exchange) which should add tremendous value to the project’s already 3 million monthly users.

Theta

THETA / Rank #20 / Price A$11

Theta is one of the leading projects that is providing decentraliszed bandwidth through peer-to-peer networking. Other features of Theta include Decentralised Video Streaming, Staking, Theta TFUEL, Guardian Nodes, CDNs, Voting, and more.

As more adoption comes to cryptocurrencies and blockchain, one would assume we will need more bandwidth to support scaling worldwide. Theta software was also included in the new Samsung Galaxy S20 smartphones to assist with video streaming and rewarding watchers with TFUEL tokens.

The hypothesis is that as crypto usage grows, then Theta adoption should grow with it.

Cardano

ADA / Rank #6 / Price A$2.26

Cardano is a decentralized blockchain platform, similar to Ethereum. It’s already a proof-of-stake platform which is more environmentally friendly and has implemented further unique scaling technology.

The project has recently impressed with their global inprovement initiatives such as Bringing Sustainable Internet Connectivity to users in Africa and 5 Million Students In Ethiopia Set To Get National Identity Solution. This might suggest it has a bright future in improving the world with the use of blockchain technology.

Qtum

QTUM / Rank #66 / Price A$20

The QTUM project is a decentralized platform and blockchain similar to Ethereum. Its purpose is not to compete with Bitcoin and Ethereum, but to bridge the gap between them helping scale transactions at low cost.

The project is heavily committed to DeFi and supporting DeFi projects offering $1 million dollars in rewards to developers who build applications using the Qtum blockchain.

Personally, I think Decentralised Finance (DeFi) is going to be a huge disrupt to how we currently do finance worldwide. Frameworks like Ethereum and Qtum, which support DeFi projects can only have an upside in the future as they contribute to the rise of DeFi.

Ripple (XRP)

XRP / Rank #7 / Price A$1.84

Ripple (XRP) is a cryptocurrency platform and blockchain similar to Ethereum. The project is attempting to become the facilitator for global payments between financial institutions.

XRP has had both good and bad press over the years. Initially, the sentiment was very bullish due to the rumors that banks may use it for liquidity and large global transactions. However, since then, it has been involved in lawsuits lessening its appeal.

Recently they announced plans for Ripple To Go Public After Lawsuit Settlement which has shed some light that there may be some potential for a comeback in sentiment. After running crypto news for the past few years I’ve seen that the 2 most popular coins in Australia are DOGE and XRP.

Dogecoin

DOGE / Rank #5 / Price A$0.53

Dogecoin (DOGE) started as a joke when a developer cloned Bitcoin’s code and stuck a dog meme as the logo, back in 2013. Since then it has gained tremendous popularity and it seems you can’t go a single day without seeing that cheeky dog face.

I generally don’t invest in “jokecoins”, also referred to as “shitcoins” that have little to no utility. However, DOGE is an exception, due to its strong social appeal. Its “meme value” is so high within the crypto community and this provides free marketing for the coin.

Back in 2017, I underestimated the power of social media when DOGE was only $0.00023, and this year it almost reached $1 earlier this year – that’s over 400,000% gain in just 3-4 years.

As the crypto market grows and more people join in the frenzy, DOGE could be the one they buy as a speculation. However, I think it will only end badly for those people buying DOGE at all-time high prices, when the market turns, the shitcoins could drop to nothing, only the quality projects will survive long term.

Conclusions

It’s crazy how back in 2016 the prices were so low compared to now. I wonder if we will be shocked again in another 4-5 years from now…

If you’re interested in buying any of these coins then head over to one of our trusted Partners: CoinJar, Swyftx, or Binance to get started. You can compare the exchanges here.