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. eCash (XEC)
eCash XEC follows through on key blockchain scaling promises. An innovative Avalanche consensus layer and its own token layer are unique technical highlights of eCash, which also aims to introduce features never before seen in a Bitcoin project such as staking, fork-free network upgrades, and subchains. Built by an experienced team of bitcoin developers who founded Bitcoin Cash, eCash is a fork of bitcoin with a more aggressive technical roadmap.
XEC Price Analysis
At the time of writing, XEC is ranked the 51st cryptocurrency globally and the current price is US$0.0001984. Let’s take a look at the chart below for price analysis:
Early September’s sharp 1,683% rally retraced nearly 60% by the end of October before shifting XEC‘s market structure to the upside during early November.
The 9, 18 and 40 EMAs are compressing and could flip to a bullish stacking within the next few days. If they do, a level near $0.0001752 has provided support and could give support again on a retest.
If the price instead breaks down, possibly caused by traders selling Monday’s news or a drop in bitcoin’s price, bulls might find support near $0.0001369. This level has confluence with the 78.6% retracement of the fastest portion of September’s move.
However, a steeper drop could reach as low as $0.0001135, near the 78.6% retracement of the larger-timeframe move.
An area between $0.0002144 and $0.0002284 has been providing resistance. If this level breaks, bulls might encounter their next resistance near the upper portion of the local range between $0.0002456 and $0.0002572.
The 127% extension of late October and early November’s move, near $0.0003078, might also provide some resistance. If bulls flip this resistance to support, $0.0003586 could offer the last resistance before another round of price discovery.
2. LTO Network (LTO)
LTO Network (LTO) is a hybrid blockchain platform for decentralised workflows and business process automatisation. Thanks to a solution based on live contracts, companies can enter into and carry out transactions, exchange information with each other, organise supply chains, delegate data processing and more, simultaneously and without relying on trust. LTO Network provides the following kinds of assistance: the facilitation and control of the entire transaction process, the exchange of information between parties, the creation of business supply chains, and the secure transfer of data to third parties.
LTO Price Analysis
At the time of writing, LTO is ranked the 356th cryptocurrency globally and the current price is US$0.6428. Let’s take a look at the chart below for price analysis:
LTO‘s explosive upward move during the past week ran nearly 200% into resistance, beginning near $0.7807. On higher timeframes, little rests above this level to stop bulls before another round of price discovery.
Wednesday’s roadmap reveal could give information that propels the price above the 2021 highs. On the other hand, the exact roadmap details could instead show that the recent surge was overpriced by speculators, leading to a retest of possible support.
An area near an old swing high and the April 2021 breakdown could give support between $0.6509 and $0.6040. However, bulls might be more willing to step in near the 50% retracement and 8 EMA between $0.5540 and $0.4883.
A deeper retracement, perhaps from an underwhelming roadmap reveal or a sharp downturn in bitcoin’s price, could reach as low as the old consolidation’s highs, 40 EMA, and 78.6% retracement between $0.3979 and $0.3546.
3. VeChain (VET)
VeChain VET is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the major problems with supply chain management. The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
VET Price Analysis
At the time of writing, VET is ranked the 23th cryptocurrency globally and the current price is US$0.1676. Let’s take a look at the chart below for price analysis:
VET‘s 129% move from late September’s lows ran into resistance near $0.17785, at the 27% extension of the summer’s swing.
An old high and the 18 EMA have provided support near $0.1539 and might give support again on a retest. This area also has confluence with the 50% and 61.8% retracement of November’s swing.
Just below, near $0.1259, the 61.8% retracement of the current Q4 swing might also mark an area of support. Traders selling the news of Tuesday’s mainnet upgrade could trigger a retracement that reaches this level.
If the market remains bullish, $0.08962 is unlikely to be revisited but could see interest from bulls during any deeper retracement.
An area near $0.2011, at the 50% extension of the summer’s swing, could see some profit-taking if bulls break the current resistance near $0.1778. Above, old consolidations near $0.2232 and $0.2401 might also provide some resistance before another round of price discovery.
Duration: 6-week course From: November 15 to December 22 Date/Time: Twice a week, Mon and Wed at 7pm AEST Location: Zoom webinar
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.
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. Ocean Protocol (OCEAN)
Ocean Protocol OCEAN is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetise it through the use of ERC-20 based data tokens. OCEAN is a utility token that is used for community governance and staking on data, in addition to buying and selling data as the basic unit of exchange on the Ocean Market. The price of these datatokens is set by an OCEAN-datatoken AMM pool, which adjusts the price of the datatoken as it is bought and sold based on supply and demand.
OCEAN Price Analysis
At the time of writing, OCEAN is ranked the 136th cryptocurrency globally and the current price is A$0.8690. Let’s take a look at the chart below for price analysis:
During August, OCEAN broke several swing highs that could be the signal for a new bullish trend.
Last week’s break of the most recent swing low could suggest some downside in the short term. It formed probable resistance near A$0.8223 and may target the swing low and possible support near A$0.7965.
The swing low and possible support near A$0.7734 could be the second bearish target if the move down continues. The relatively equal lows near A$0.7655 and possible support underneath near A$0.7590 could provide more substantial support.
The last swing high near A$0.9822 gives a near-term target if bullish conditions continue. However, resistance beginning around A$1.15 could cap this move. A break of this resistance might continue to probable resistance near A$1.28 and reach above the cluster of relatively equal highs near A$1.35.
2. Quant (QNT)
Quant QNT launched with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system. The main aim of Quant – using Overledger – is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built.
QNT Price Analysis
At the time of writing, QNT is ranked the 43rd cryptocurrency globally and the current price is A$395.14. Let’s take a look at the chart below for price analysis:
Mid-August marked a turning point for QNT, with the price rocketing up almost 130% from its lows to probable resistance beginning near A$476.30.
The price is currently struggling with the area between A$415.80 and A$369.33. This region could provide support after a close above, or resistance after a close below.
A retracement could reach into the daily gap and possible support around A$382.41. A more bearish shift in the marketplace will likely aim for the relatively equal lows near A$376.65, and the potential support just below that begins around A$360.12.
Continuation to the upside will likely target the monthly high near A$426.19. However, probable resistance beginning at A$439.77 and A$458.30 could cap or slow down this move.
3. VeChain (VET)
VeChain VET is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the major problems with supply chain management. The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
VET Price Analysis
At the time of writing, VET is ranked the 29th cryptocurrency globally and the current price is A$0.1244. Let’s take a look at the chart below for price analysis:
In July, VET also turned the corner, breaking a key swing high during mid-August. This move could suggest a longer-term bullish trend.
The swing high near A$0.1846 stands out as a bullish target and marks an area of probable resistance. Further continuation could reach into possible resistance starting near A$0.2464.
Even if the bullish trend continues, a stop run at the recent swing low near A$0.1017 into possible support beginning near A$0.09942 is reasonable. If the price reaches further down, the swing low and possible support near A$0.08150 might provide another downside 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.
Jones Lang LaSalle Incorporated (JLL), a global commercial real estate services company with offices in 80 countries, has recently partnered with blockchain platform VeChain as part of the company’s greater push towards sustainability.
As JLL is a real estate services provider and rational commercial actor, this push is no doubt driven by increased levels of client demand for sustainability practices within the sector.
In JLL’s recent China-focused sustainability report , it found that 66 percent of Chinese corporations have incorporated carbon emissions reductions into their real estate strategy. In addition, it also found that the vast majority of occupiers proactively planned to prioritise locations that would help them reduce carbon emissions in the future.
The big challenge, however, was the “lack of consistent and validated carbon data” which posed a “huge reporting challenge”. What’s the point of going green if you can’t prove it to your shareholders?
VeChain was sought as a solution to help deliver consistent and transparent data and help the company move towards its net-zero carbon goal.
Reimagining Building Management
In reimaging how blockchain could manage an entire building, VeChain considered three main scenarios:
1. For Owners/Developers – Easy Traceability of Full Lifecycle Carbon Footprint
Blockchain could help with the authenticity, consistency and integrity of carbon emissions data generated during the construction, operation, maintenance and renovation/demolition phases of a building.
2. For Enterprise Tenants – Better Choice of Green Office Space With a ‘Carbon Label’
For corporate tenants with sustainability goals, choosing green office space with a transparent carbon label will help companies demonstrate responsibility to reduce associated carbon emissions. 3. For Enterprise Employees – Incentives For Low-Carbon Behaviour
Blockchain technology, combined with computing models provided by third-party services, can effectively and authentically record individual behaviours and transform data into value which can be rewarded and used to incentivise action by tenants or employees of the tenants.
Other VeChain Use Cases
Vechain describes itself as a public blockchain providing the “best resources to anyone who wants to solve real world economic problems”.
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. Decentraland (MANA)
Decentraland MANA defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetise content and applications. Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names and more on the Decentraland marketplace.
MANA Price Analysis
At the time of writing, MANA is ranked the 70th cryptocurrency globally and the current price is A$1.28. Let’s take a look at the chart below for price analysis:
After dropping nearly 70% in May, MANA found a low just above the monthly gap near A$0.9541. Since then, the price has been consolidating in a range between A$1.35 and A$1.15.
The weekly level near A$1.22 may continue to provide support during a run on the local swing lows. The monthly gap beginning near A$1.06 will likely give the next higher-timeframe support if this level fails.
The price is currently chewing into potentially strong resistance near A$1.32. A sweep of the relatively equal highs near A$1.38, and a daily close above this level, could signal a move to the next set of relatively equal highs near A$1.45.
Just above these highs, probable resistance rests near A$1.53, which may cap the price until the market moves out of consolidation. However, any significant bullish shift in market conditions during the next few weeks could help bulls reach the swing high near A$1.59, running stops into probable resistance near A$1.67.
2. VeChain (VET)
VeChain VET is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the major problems with supply chain management. The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
VET Price Analysis
At the time of writing, VET is ranked the 24th cryptocurrency globally and the current price is A$0.1772. Let’s take a look at the chart below for price analysis:
VET accompanied the rest of the market in the mid-Q2 drop, falling nearly 83% from its May high until it found a low late in June.
Price action in late June formed a weekly support level near A$0.1126, which has so far held up the price. The most recent swing low inside this range, near A$0.1573, might be the target for any future stop runs. After this low, the swing low near A$0.1612 and the gap beginning near A$0.1688 marks possible higher-timeframe support.
The price is currently battling with significant higher-timeframe resistance levels, with the closest probable resistance resting near A$0.1879, just over the June monthly open. A sweep of the relatively equal highs above this resistance might find sellers near A$0.2056, but could reach as high as A$0.2385.
3. Zcash (ZEC)
Zcash ZEC is a decentralised cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions. Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.
ZEC Price Analysis
At the time of writing, ZEC is ranked the 64th cryptocurrency globally and the current price is A$224.36. Let’s take a look at the chart below for price analysis:
ZEC has been trading through a massive range since July, with the price showing mild bullishness during August.
The breaks of the swing highs at A$237 and A$240 led to support forming near A$225. Some bulls will likely wait for a more favourable entry on a potential stop run that could reach near A$221.
If the support near A$230 continues to hold, the recent swing high at A$240 is likely the next short-term target. This potential bullish swing might end with a run on short stops up to A$269 and A$282.
Higher-timeframe resistance between A$295 and A$312 may cap any move upwards until the overall market becomes more bullish. However, any significant bearish move in bitcoin will likely push the price down toward the low and possible support near A$215.
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.
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. VeChain (VET)
VeChain VET is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the major problems with supply chain management.
VET Price Analysis
At the time of writing, VET is ranked the 23rd cryptocurrency globally and the current price is A$0.09351. Let’s take a look at the chart below for price analysis:
During July, VET has consolidated under the July monthly open inside an approximately 25% range. This consolidation could point to accumulation.
Bulls immediately bought up dips to support at a weekly level near A$0.08749 and a monthly level near A$0.1057, showing substantial buyer interest.
A cluster of relatively equal daily lows around A$0.08544 provides an attractive target for a stop run, creating a potentially excellent entry for bulls. More aggressive bulls could enter on dips to the closer support beginning at A$0.07951
If Bitcoin tumbles, a more pronounced dip could reach as low as the equal lows near A$0.07352, running stops into support beginning at A$0.07015. This move would give a good risk/reward entry for bulls targeting the high below resistance starting at A$0.1162, the relatively equal highs near A$0.1492, and the June high near A$0.1917.
2. MyNeighborAlice (ALICE)
ALICE is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. Inspired by successful games such as Animal Crossing, the game combines the best of the two worlds – a fun narrative for regular players who want to enjoy the gameplay experience as well as an ecosystem for players who want to collect and trade Non-Fungible Tokens (NFTs).
ALICE Price Analysis
At the time of writing, ALICE is ranked the 187th cryptocurrency globally and the current price is A$10.61. Let’s take a look at the chart below for price analysis:
After accumulating under the July monthly open, ALICE rallied 129% in a week before retracing to support near A$9.55.
Buyers continue to snatch up dips under the weekly open, suggesting that accumulation is still taking place.
Bulls could look for entries in this region while being conscious of a potential stop run below the cluster of lows at A$8.82. Two areas of support, beginning near A$8.57 and A$8.29, provide probable buys if the price dips this low.
The equal highs near A$12.63 provide a first reasonable bullish target. If the price takes this target and penetrates the surrounding resistance, the next probable resistance begins near A$14.66. Possible targets include the old highs just above this resistance near A$19.83, A$21.46, and A$24.39.
3. 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 34th cryptocurrency globally and the current price is A$0.000009329. Let’s take a look at the chart below for price analysis:
SHIB wasted no time during June, rocketing upward over 85% from the last week of the month into the resistance near A$0.000015829.
For the last several days, the price has consolidated sideways and appears to be flipping old resistance near A$0.000011829 to support. If this level breaks – perhaps due to the tempting daily equal lows below – the next support begins near A$0.000008529.
Bulls entering at these levels could set their first target near the previous resistance near A$0.000012159. Beyond this level, probable targets include the old highs near A$0.000013529 and the resistance above near A$0.000013929.
A break of this resistance later this month could continue to the highs near A$0.000015229 and A$0.000015829.
Where to Buy or Trade Altcoins?
These three coins have the 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.
VeChain ReSea Project Muara Baru Jakarta https://www.dnv.com/news/resea-project-is-the-2nd-organization-certified-to-dnv-gl-s-reclaimed-plastic-traceability-standard-197214
VeChain blockchain technology is being used by a Danish ocean and river cleaning company operating in Indonesia. The community-driven project called ReSea will now be able to assure traceability and integrity for the waste removed and all the steps that follow.
The project certification is aimed at the collection of plastic by the community and then delivery to waste deposits. ReSea is the community-driven project, that uses VeChain technology for data collection and traceability, which is done according to DNV GL’s Chain of Custody standard to show compliance.
We are proud to power @DNVGL’s client, the sustainable pioneer @ReseaP to trace its ocean cleanup solution. By using #blockchain, all #sustainability efforts can be immutably stored and made visible. #VeChain will play an important role in stopping plastic pollution. https://t.co/gKh73om8hq
The significant ongoing cleanup around the world creates a growing market need to provide trust and transparency in claims. An independent third party like us can verify the origin and traceability of recovered plastic against established requirements in the standard. For ReSea Project, certification of its traceability system assures transparency of its entire plastic collection process,
Antonio Astone, Global Service Manager Assurance and Supply Chain in DNV GL [source]
VeChain’s Part In The Project
VeChain’s ToolChain platform will be utilised with its associated mobile app in order to collect, store, and monitor data at specified control points in the collection process. This will aid in the real-time validation of plastic collected by the initiative and securely the data on the blockchain.
The certification verifies the plastic extraction and quantities, which helps ensure fair compensation to the local collection cleanup team, like the local fishermen involved, and provides transparency into the collection process
Antonio Astone, Global service manager Assurance and Supply Chain in DNV GL[source]
305,239.62 kg of plastic waste from oceans and rivers are verified to be removed by @ReseaP using VeChain.#VeChain was used to collect, record, and monitor all the data securely. We strive to create real value using #blockchain technology. $VET$VTHOhttps://t.co/gyNx25CPB1
— VeChain Foundation (@vechainofficial) May 18, 2021
The high level of traceability provides proof of the plastic’s source and authenticity certified by an independent third-party (DNV GL) allows anyone to trace the plastic from its extraction point and view its journey to the waste bank. Through this a window is created where partners can see verified metrics of the efforts to keep oceans and rivers plastic free.
Here is just one of the examples of how blockchain technology can be leveraged to help solve environmental issues, offering a different perspective after recent concerns related to Bitcoin network power demands. By working with communities and empowering the individuals that live within them, projects like these can help better understand and rehabilitate scarred ecologies.
For today’s trading news, we’re looking at three Altcoins that might breakout this week by showing bullish trends in the charts.
1. Litecoin (LTC)
Litecoin is a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.
The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.
Litecoin Price Analysis
At the time of writing, LTC is ranked 9th cryptocurrency globally and the current price is $261.43 AUD. Let’s take a look at the chart below for price analysis.
March brought an instant turn in LTC’s retracement as the price pumped nearly +41% into the resistance near $256 AUD.
A daily gap and down candle between $238 AUD and $215 AUD may support a push through the high of around $297 AUD.
Bulls looking for longer-term plays could wait for a retracement to probable support near $210 AUD and potentially down to support at $195 AUD.
Extensions based on February’s retracement suggest that $385 AUD and $470 AUD may be the following primary targets. The swing high’s resistance near $296 AUD provides a logical area to take first profits.
2. VeChain (VET)
VeChain is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. The idea is to boost the efficiency, traceability, and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
VeChain Price Analysis
At the time of writing, VET is ranked 18th cryptocurrency globally and the current price is $0.0983 AUD. Let’s take a look at the chart below for price analysis.
VET shot up nearly +84% from the February open as the price aggressively challenges the last high and resistance near $0.0985 AUD.
Bulls waiting to get on board could watch support near $0.0853 AUD, just above the series of swing highs near $0.0834 AUD.
A deeper retracement to end the month could reach as low as $0.0755 AUD, which would run the swing lows down to $0.0735 and provide a better entry.
Overlapping extensions hint at the areas around $0.1145 AUD and $0.1250 AUD as logical take-profit zones.
3. Stellar (XLM)
Stellar is an open network that allows money to be moved and stored. One of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterward, its priorities shifted to helping financial firms connect with one another through blockchain technology.
The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.
Stellar Price Analysis
At the time of writing, XLM is ranked 13th cryptocurrency globally and the current price is $0.4919 AUD. Let’s take a look at the chart below for price analysis.
XLM’s bullish February turned into March consolidation, which is likely to break upward if market conditions remain bullish.
Support may be forming around the current area near $0.5021 AUD, giving bulls an aggressive entry with a wide stop.
A sweep of February 23rd’s low near $0.4125 AUD into the support just below would give a much higher risk-reward entry. If the price drops this far, it could reach support near $0.3846 AUD.
Overhead, several layers of resistance rest near $0.5381 AUD, $0.6137 AUD, and $0.6641 AUD. Confident bulls could take profits at the swing highs accompanying this resistance.
More patient bulls waiting for higher risk-reward entries could watch for setups to form in potential retracements from these levels.
Where to Buy or Trade Altcoins?
These 3 Altcoins have the highest liquidity on Binance Exchange so that would help for trading on USDT or BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is an easy to use popular choice in Australia.
VeThor Token VTHO is flipping on a 1-day candle chart, The Cryptocurrency VTHO has grown by a massive +73% in the past week. Let’s take a quick look at VTHO price analysis and possible reasons for the recent breakout.
What is VeThor Token?
VeThor Token is represented as the energy cost for carrying payment transactions and smart contract transactions on the VeChainThor blockchain. VTHO is so generated as a form of gas from VeChain Tokens, over time.
VeThor Token Quick Stats
SYMBOL:
VTHO
Global rank:
309
Market cap:
$49,812,847AUD
Current price:
$0.0015AUD
All time high price:
$0.0546 AUD
1 day:
+41.4%
7 day:
+73.55%
1 year:
+116.47%
VTHO Price Analysis
At the time of writing, VTHO is ranked 309th cryptocurrency globally and the current price is $0.0015 AUD. This is a +73.55% increase since 12th January 2021 (7 days ago) as shown in the chart below.
In the past month, there was a strong rise in Bitcoin, Ethereum, and other Altcoins. As a result, VeThor VTHO also formed strong support near $0.0012 AUD price levels before starting a fresh increase against the BTC pair. The red uptrend line started on 20th November. Is being obliterated this week, colossal strength and volume which both signals the further rise in the uptrend. Additional growth can follow for this Altcoin on different trading pairs.
Here we also have the “W” pattern with a higher low just as looking at it before starting a strong increase, there was a break above a crucial contracting triangle with resistance near $0.0011 AUD on the weekly chart of the VTHO/USDT. The pair gained pace above the $0.0013 AUD and $0.0014 AUD resistance levels.
“W pattern is a price pattern, also called Double Bottom. This pattern, when drawn it looks like the W and this is why it is called as W pattern. Sometimes patterns look like W but it is not the exact W pattern and these patterns are called Semi-W patterns.”
The VTHO TradingView indicators (on the 1 day) mainly indicate VTHO as a buy, except the Oscillators which indicate VTHO as a neutral.
So Why did VTHO Breakout?
The recent rise in Bitcoin over +300% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. Another reason for this sudden pump in price could be the whales secretly buying VTHO for the next Altcoins rally & it could also be contributed to some of the recent news of Daas Fee-Delegation.
#VeChain is excited to introduce the Fee-Delegation as a Service (DaaS) and VIP-201, a significant game-changing enhancement of our fee-delegation protocol.
With DaaS, we enable seamless mass adoption of dApps, NFT gaming and DeFi applications! $VEThttps://t.co/6Dhxh87DjZ
VeThor Token has the highest liquidity on Binance Exchange so that would help for trading VTHO/USDT or VTHO/BNB pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.
The year 2020 can be summed up in two distinct phases for the digital asset market: a half year of strong growth, followed by a no less sharp decline. Nothing unusual for this ecosystem. Nevertheless, prices remain at higher levels than at the beginning of the year. For Bitcoin, which is the primary asset, we are nevertheless seeing +300% growth over the year, which preserves its status as the most attractive asset in all types of markets.
Today we’re going to look at the top 10 best performing crypto of 2020 so far, that gave huge returns to traders and investors.
1. Hex (HEX) +8870%
HEX is an ERC20 token designed and launched by Richard Heart on 2 December 2019 on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network. HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.
Price Analysis Jan-Dec
On November 19th HEX’s Big Pay Day highlights the strong finish to an exciting yearlong launch phase, crediting active stakes with 183 Billion HEX worth over $750 Million dollars. The design intention is never a promise, but seeing HEX perform as designed appears indeed very promising: HEX’s price has gone up 92x vs Bitcoin, 79x vs Ethereum, and 115x vs USD. It did all of this in just 129 days. By design, HEX enriches The Staker Class with a highly attractive APY plus additional rewards.
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this price rally and another factor could be due to HEX addresses a larger market than Bitcoin with superior product fit. The United States and China have over $7.2 Trillion in time deposits. This is a 50% larger market than the peer-to-peer currency market Bitcoin was designed to address where printed cash totals about $5 Trillion.
While HEX might be the first coin to ever have two independent security audits, due to apparent gatekeeping practices by the ever-popular CoinMarketCap HEX has yet to be ranked correctly there. In fact, CoinMarketCap has suspiciously pegged HEX at Rank 201 – appearing buried on page 3. This not only makes it extremely difficult for new investors to discover HEX but also calls data reporting practices into question.
2. Theta (THETA) +2267%
Theta (THETA) is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
Price Analysis Jan-Dec
So far the year 2020 the value of THETA has almost grown 9 times from $0.25 AUD in January 2020. Market capitalization has also more than doubled from $150M AUD million at the start of the year to $297M today. This growth has been thanks to the recovery of the crypto markets in general after a sharp decline in 2018. 2019 up to the start of 2020 was the time coins really took off and recorded massive growth rates. Many have claimed that this may have just been due to the hype and perhaps even a bubble. When crypto prices started to decline, some investors thought it was the end of the coin market, but instead, it has remained very stable. This is because crypto has finally been embraced by institutional investors who have the resources to purchase large amounts of crypto.
From the above chart showing the price of THETA over its lifetime, it doesn’t look much different from that of many other coins in the market. Since January 2020, most coins have gained their value and market capitalization as well for various reasons. It would seem that THETA has also returned huge profits in the year 2020 and it should be interesting to see how it performs in 2021.
Reasons why Theta Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this price rally and recently, the developers released the mainnet update and added smart contract functionality. Also, the team announced the upcoming improvements, including the launch of the Theta Wallet Chrome extension and Theta Token Minter functionality that will allow users to create their own tokens on the Theta blockchain.
3. Synthetix (SNX) +1263%
Synthetix is a derivatives liquidity protocol on Ethereum that enables the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token that tracks the price of an external asset; for example, each USD token tracks the price of the US dollar (and unlike the other synthetic assets, is fixed at 1). A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes. In principle, the system can support any asset with a clear price and provides on-chain exposure to an unlimited range of real-world assets. The protocol will enable a variety of trading features including binary options, futures, and more.
Price Analysis Jan-Dec
Synthetix is an Australian project, founded in 2016. The creators of the project went further and developed a system of 2 tokens:
Synthetix Network Token is a token that provides liquidity in the system.
Synths is a token whose value is tied to the price of a real asset (fiat, precious metals, company shares).
The Synthetix Network Token prices have gone up from 1.45 AUD to 15.62 AUD in one year. The long-term earning potentials were +233.23% in one year. In June 2020, the price fluctuated from $7.52. AUD to $14.12 AUD in late November 2020. Synthetix price today is $16.62 AUD with a 24-hour trading volume of $362.42 M and a market cap of $1.40 B.
Reasons why SNX Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this price rally and Staking is another feature that is likely attracting users due to its relatively high annualized percentage yield based on the protocol’s cash flow mechanism. Essentially, the fees that occur from trading on Synthetix are collected and distributed pro-rata to SNX stakers.
The combination of a spike in interest in Synthetix from the Coinbase listing and the platform’s overall rise in user activity likely triggered the +100% rally since late November.
4. Ethereum (ETH) +704%
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014 and officially launched the blockchain on July 30, 2015.
Price Analysis Jan-Dec
Ethereum had the eventful year 2020, with a few technical update hiccups and some interesting innovations. The year 2020 saw the emergence of Decentralised Finance (DeFi), almost all of whose projects are based on Ethereum technology.
The community is eagerly awaiting the ETH2 upgrades that will ultimately ensure that the network has the capabilities to become the blockbuster of tomorrow’s innovative financial products
The coin started the year with the price of only $169 AUD on January 1st, 2020. 12 months later, its price went up by nearly 9 times, currently sitting at $1,450 AUD. While the coin is still not even halfway to its own all-time high, it has made significant achievements towards getting there.
Right after the start of the year, ETH participated in a strong rally that took its price from the mentioned level of $169 to $381 AUD. The coin was attempting to reach the $500 AUD mark, getting quite close to it before the rally ended, and a correction hit.
Around July 20, the ETH price managed to break out and skyrocket to its next major resistance at $550 AUD. It reached this level just as the first week of August ended, and it kept trying to break it for months, finally succeeding in the early days of November 2020.
Reasons why Ethereum Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this Ethereum Price rally, It could also be due to the ETH 2.0 upgrade.
Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as the other co-founder. It held an ICO in September 2017, raising $32 million, with a total supply of 1 billion LINK tokens. LINK, the cryptocurrency native to the Chainlink decentralized oracle network, is used to pay node operators.
Price Analysis Jan-Dec
ChainLink saw a significant price movement in January 2020 and ended in February. During this period, the coin managed to grow from $2.74 AUD to $5.60 AUD in the short time frame. In March, it crucially fell back to its previous price point of $2.89 AUD. In April, it managed to recover, climbing back to $3.55 AUD. Then on July 7, 2020, the LINK price underwent an impressive surge as China’s national blockchain network, the Blockchain Service Network (BSN) was activated with 135 nodes integrated with Chainlink price oracles.
The news saw the LINK price surge from around $6.87 AUD to an all-time high of $9.60 AUD, with gains of +29% percent on the day. Chainlink continued an ascending trendline into mid-August, gaining bullish momentum. Into late September 2020, it saw sudden bearish activity before beginning its climb once again into October.
At the time of writing, ADA is ranked 9th cryptocurrency globally and the current price is $21.04 AUD. According to CoinmarketCap, the cryptocurrency has now broken into the top 10. Before the end of 2020, Chainlink is most likely to gain more against its AUD/BTC pair and touch around $23.04 AUD.
Reasons why LINK Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this massive rise. And some other several things that have made Chainlink grow into what it is currently. One of the factors that made it rise is the number of products offered. People can get crypto loans, make savings, and even earn interest on their Chainlink coin.
Cardano is a proof-of-stake blockchain platform that says its 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.
Price Analysis Jan-Dec
Cardano performed well at the beginning of the year, rising to $0.0927 AUD by 13 February. ADA may have continued to grow, but the entire crypto market has suffered, and Cardano fell as low as $0.0457 AUD by 13 March. After testing all-time lows, the crypto coin’s price rebounded to as high as $0.2543 AUD on 27 July, showing a seven-fold increase in price since the March drop. Currently, Cardano looks bullish, consolidating above the $0.3107 AUD support level and trading at $0.3845 AUD per coin.
The Cardano cryptocurrency looks very promising, so the number of investors willing to invest in ADA is gradually rising. The forthcoming October update of the voting and governance protocol may lead to a price increase.
Reasons why Cardano Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this Ethereum Price rally, It could also be due to this year that has been most significant for the Shelley hard fork 10, beginning Cardano’s transition from a federated blockchain to a decentralized and robust network of independent stake pools. Shelley was also the first time that IOHK’s Hard Fork Combinator 1 was deployed, enabling the seamless transition from Byron to Shelley.
Shelley saw the arrival of staking and delegation, representing the first time that all ada holders could participate in consensus on the network, and earn staking rewards for their contribution.
7. Stellar (XLM) +506%
Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterward, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.
Price Analysis Jan-Dec
The positive sentiments of being an efficient blockchain payment network have moved swiftly from XRP to XLM because of Stellar’s recent partnership with the Ukraine government to digitize their national fiat currency. Stellar has upgraded its platform from Protocol 13 to Protocol 15 on November 23rd and the upgrade has improved sponsored reserves and claimable balances on the platform.
With a market cap of $10,728,525,470 AUD and a circulating supply of 20,853,997,348 XLM, Stellar has taken a strong position in the list of top-20 cryptocurrencies, occupying 9th place at the moment of writing. Stellar’s closest rivals are Ethereum, TRON, and Cardano.
By the end of October 2020, the cryptocurrency was trading at around $0.1475 AUD, which is -30% lower than the XLM 52-week high of $0.1785 AUD from August 17, and +192% higher than the 52-week low of $0.0587 AUD from March 12, 2020.
Reasons why XLM Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this price rally and some other factors include on April 11th, 2020, the Stellar Lumens Foundation released its report for Q1 2020, showing excellent ecosystem growth. What’s more, the total usage and transaction volumes had increased in comparison to Q4 of 2019. Interestingly enough, though, the total number of registered Stellar accounts decreased by 1.79% between Q4 2019 and Q1 2020. When you take the 8% increase of trading volume into account, this means that the increased activity was due to existing users. Stellar’s daily operations also managed to increase by an incredible +113% from Q1 2020 to Q3 2020.
VeChain is the world’s leading blockchain platform offering Blockchain-as-a-Service to enterprises for products and information. By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable.
Price Analysis Jan-Dec
VeChain was long considered one of the hottest cryptocurrencies. Since 2015 the project exists, which wants to score, especially with actual applications and partnerships. After positive news and new announcements made the round in the last weeks, it is time for a small VeChain analysis.
The project, therefore, remained under the radar for a long time. From August 2018 to March 2020, short-term successes and newly established partnerships were able to give the coin a slight boost. However, the big break from the negative trend failed to materialize for a long time.
In March of this year came then the break-in with all cryptocurrencies. All the same, whether Bitcoin, Ethereum, or evenly VeChain (VET): High two-digit exchange losses shift the market into a deep red. VET course: Over +400% growth since March 2020. After it came with nearly all cryptocurrencies to substantial corrections, many investors used the opportunity to buy undervalued Coins. The VeChain share price recovered enormously well in the period from March to June. In June, the VET price was around 0.01457 AUD, while in March, it was just 0.0089 AUD.
In the period from June to July, VET rose again. In August this year, VeChain reached an annual and, at the same time, an all-time high with a price of 0.045 AUD.
Reasons why VeChain Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this price rally and also in a press release, the VeChain Foundation has announced its participation in the RMIT Blockchain Innovation Hub. Created by the Royal Melbourne Institute of Technology (RMIT), the initiative is part of an interdisciplinary team of researchers from renowned entities.
9. Bitcoin (BTC) +338%
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Price Analysis Jan-Dec
At the start of the year, bitcoin was still considered a fringe investment, disparaged by the likes of the billionaire investor Warren Buffett as having “no value.” By the end of the year, however, bitcoin has nearly quadrupled in value, reaching an all-time high above $46,560.57 AUD and thrusting itself into the center of conversations among big investors and Wall Street firms.
Some bitcoin proponents saw the success of the cryptocurrency and its underlying blockchain network as validation of a landmark technology that might forever change finance.
At the time of writing, BTC is ranked 1st cryptocurrency globally and the current price is $44,736 AUD. Bitcoin started its rally from Jan 2020 with $12,754 AUD price levels and dropped again in March around $8654 AUD.
As May arrived, the Bitcoin network’s upcoming “halving” seemed like an afterthought compared with the steep economic toll of the coronavirus.
As of early October, bitcoin prices were trading around $16,800 AUD, up +50% on the year. It was already an impressive gain, especially during a year when the global economy had suffered its worst contraction since the Great Depression nearly a century early. U.S. stocks were up 4%.
Reasons why Bitcoin Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May was the major reason behind this massive rally in Bitcoin.
Halvings will keep occurring every four years until the supply cap of 21 million bitcoin has been reached,” the analysts wrote. This means we can project well into the future, and have clarity about what Bitcoin’s inflation rate will look like one, five, or 10 years from now.
10. Litecoin (LTC) +261%
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011.
Price Analysis Jan-Dec
Although Litecoin has been around since 2011, an ‘official’ Litecoin price history begins in early 2013 when CoinMarketCap went live. Litecoin spiked from a price of around $3 AUD to $40 AUD during the first crypto market bull run in late 2013. After dropping back down to the $3 AUD – $5 AUD range, it hit an all-time high of nearly $550 AUD during the 2017-2018 bull run, a 100x rally.
Litecoin has been moving sideways since the March 2020 flash crash, hovering at a price between $120 AUD to $190 AUD and currently sitting around $206 AUD. Support appears to be around the $130 AUD -$170 AUD range and it appears that the sideways trend will continue. Trading volume for Litecoin has been increasing gradually since December however, which may be indicative of another move to a $250 AUD price.
Currently, Litecoin (LTC) is trading at $206.58 AUD with LTC price +6.03% up today. The market cap of Litecoin is $13,876,355,385 AUD with 66,245,618 LTC circulating currently. The 24-hour price movement chart indicates that $10,774,415,054 worth of LTC was trading.
Reasons Why Litecoin Might Have Gone Up
The recent rise in Bitcoin over +200% since the halving in May and then the suggested start of the Altcoin season could have contributed to this Ethereum Price rally, It could also be due to the Litecoin’s halving – a pre-programmed reduction in the block reward LTC miners receive – caused the LTC price to skyrocket, reaching over +200% returns before it began to correct.
Where to Buy or Trade Altcoins?
These 10 Altcoins have the highest liquidity on Binance Exchange so that would help for trading on USDT or BTC pairs. However, if you’re just looking at buying some quick and hodling then Swyftx Exchange is a popular choice in Australia.
