Day: May 29, 2018

Bitcoin meetups are probably the most iconic social activity that cryptocurrency enthusiasts engage in – apart from epic Twitter and Reddit battles. These gatherings of like-minded enthusiasts bring thousands of people together around the world. Their power to attract people transcends borders so much that enthusiasts actually look for these meetups when they fly abroad. Bitcoin and cryptocurrency fans in many cases would rather check the local crypto scene out than go into a museum or go on a guided tour of the city they are travelling to. Vertex knows this, and as a project that is deeply rooted in this sense of camaraderie and community that transcends borders, it decided to launch it very own Bitcoin meetup competition: the Battle of the Meetups!

Battle of the Meetups Sponsored by Vertex

The Battle of the Meetups is simple. Vertex will go through all the Bitcoin meetups registered on meetup.com and will proceed to do the following:

• Select 25 meetups to sponsor.
• Sponsor those meetups throughout a period of 5 months.
• Give the selected meetups a list of criteria that Vertex will use to select the top 2 meetups over this period.
• Proceed to give the two winners an amazing prize.

Criteria to Participate in the Battle of the Meetups

The criteria that Vertex established to determine the winner in this Battle of the Meetups is also quite simple. There are 4 vectors along which meetups can score points every time they meet. At the end, a final tally will determine the 2 winners. The following is the point system:

• The meetup that accumulates the most Facebook likes since the start of the Battle of the Meetups until the end, will be awarded 3 points. The meetup with the second most likes will get 2 points and the meetup that comes in third will accumulate 1 point.
• Vertex retweets after every meetup will yield 3 points for the meetup that retweets the most, 2 points for the runner up and 1 point for third place.
• The meetup that brings Vertex the most Telegram introductions will get 3 points, with the second place getting 2 points and the third place getting 1 point.
• Attendance will allow meetups to compete on how many people they attract each time. Meetups that attract 600 participants or more, will get 3 points each time. Those that gather 400 participants at least will be rewarded with 2 points and those that bring more than 200 participants will gather 1 point.

The Prize!

After accumulating all these points over a period of 5 months, the Meetup organizers who win will be able to join Vertex at the Vegas Blockchain Conference in October. The winners will be announced at the Berlin Blockshow. The competition starts on June 11th and it will come to a close by the end of October 2018.

Can my Meetup Participate in the Battle of the Meetups?

To see if your meetup qualifies for the Battle of the Meetups, just make sure it complies with the following:

• It has 500 members.
• At least 30 members attended the last meetup.
• There is at least one meetup every 2 months.

To register, just send an email to ….@…. Let the Battle of the Meetups begin!

Food and Drinks are Always Welcome, but what is Vertex exactly?

Vertex is a platform that invests in ICOs. It does so at an early stage, bringing the principles of disciplined investment, funds and a proven methodology to select the strongest projects to the cryptocurrency space. The platform is headed by a team of seasoned investors that have managed multi-billion dollar companies and investments around the world. Platform users will be able to buy tokens from the most promising, vetted ICOs out there through the platform directly at a discount. To find out more about Vertex, join us on our Telegram group, follow us on Twitter and Facebook, and ask us anything you want to know.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Everus Technologies Sdn. Bhd. is a blockchain technology company based in Malaysia, with aims to pioneer in the provision of blockchain as service not just in the country, but worldwide and recently they entered the Korean market and started to actively attract Korean market. With a host of products tailored to offer world-changing solutions in the industry, Everus tries to provide a positive transition for consumers to embrace cryptocurrency and blockchain as a service.

Everus also has its own cryptocurrency known as EVR, an ERC-20 token powered by the Ethereum blockchain infrastructure. Available for trade on the C-CEX, Cryptopia, Kuna and LocalBitcoinCash exchanges, there are currently over 80 million EVR in circulation, with a total supply of 1 billion available.

In April this year, Everus was recognized by the Central Bank of Malaysia (BNM) as a reporting institution in compliance with the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Digital Currencies (Sector 6) policy. The recognition by BNM means an added boost to consumer confidence in Everus, as all Everus wallet transactions are transparent and abide by stipulated regulation by regulators.

EVR Wallet holders can track, send, receive and store their EVR in the Everus Mobile Wallet App, which was launched in April this year. Available on both iOS and Android, this app provides easy account access for the Everus wallet holder who is constantly on-the-go. One of the key strengths of the app is its security features; the mobile wallet features foremost technologies in the provision of facial recognition and fingerprint authentication features. Down the stream, Everus will further enhance the versatility of the Everus Mobile App by including a one-stop utility payment processing function; enabling the Everus wallet holder to pay for essential services such as utility bills, mobile phone top-ups and more.

Unlike other cryptocurrencies which are mainly used for the purpose of investment, Everus aims to position the EVR as a viable method of payment. Everus, is currently building its global network of merchants to increase the usability of EVR among those who own it.

As a measure to expand the Everus ecosystem, Everus will soon launch the crypto debit card, which will enable the Everus wallet holder to spend the EVR anywhere within a wide network of participating merchants and outlets worldwide.  The aim of the debit card is not only spending convenience for purchases but also so that, potential users become more familiar with the EVR which speed up the adoption and the understanding of cryptocurrency.

Everus is also venturing into data mining services for data mining enthusiasts. The Yottahash service shall be available to mining enthusiasts who are looking for operating solutions to overcome operating requisites such sourcing and suitability of venue, setting-up and maintenance of rigs and regulatory compliance.

Everus aims to make Yottahash the largest cryptocurrency mining farm in Asia: which also offers the mining enthusiast the convenience of a wide range of reliable mining rigs for purchase.  Yottahash guarantees 100% transparency, round the clock monitoring and tractability.

Once Everus’ key products are established and operational, this should see a large spike in usability for EVR and increased trading volume. It is still early days, but the realization of the Everus milestones will Everus as of the world’s most dynamic blockchain organizations in the South East Asia.

For enquiries, please feel free to email [email protected]

For more info visit: www.everus.org

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This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

One month in the crypto space is equal to one year in the “real” world, said Tim Enneking in 2017. In crypto space where everything changes, ICO market is still evolving – trends succeed each other, a vision of investment-attractive project transforms.

As early as the summer of 2017, ICO was perceived as a simple and accessible way of attracting money. Cryptoinvestors did not demand to present either a final product or even a working prototype – nothing but White Paper, which describes the essence of the project and terms of ICO procedure. But since then the situation has changed. If private investors could be attracted by advertising in social networks, spam mailings and virus content, large professional investors evaluate projects more meticulously and pay attention to the same moments that traditional investors consider when buying the shares.

That is why leading experts in the field of financial markets, investments, consulting and blockchain merged to create ALFA Rating – the investment rating agency providing an exhaustive statistical and analytical information of alternative investments’ market. Its mission is to make the process of venture investment more transparent, efficient and safe.

ALFA Rating provides relevant guidance for investors and enthusiasts on ICO market. As for projects, the company will help to structure the information, eliminate risk factors that can significantly affect the investment potential and attractiveness of a token for investors.

It is these companies like ALFA Rating that will contribute to the emergence of new IT companies whose services and products will deeply change both our society and our economy.

For more information visit https://alfarating.com/
Telegram: https://t.me/alfarating

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Virgin Islands, BVI – May 29, 2018 – Peer Mountain – the leading cross blockchain protocol for self sovereign identity, has proudly announced its partnership with token sale experts, TokenMarket, for the upcoming Peer Mountain token sale. This partnership will ensure Peer Mountain’s commitment to running a high quality token generation event.

TokenMarket will provide Peer Mountain with its end-to-end advisory service that encompasses; token creation/issuance, marketing, PR, community management, and advisory services in order to execute a secure and compliant token generation event. 

The partnership will set the foundation for Peer Mountain to supply real-world trust and privacy for digital transactions. This is achieved by utilising PMTN tokens within the Peer Mountain platform to measure the value of trust within the world’s first peer-to-peer self-sovereign ID, compliance, and commerce ecosystem.

Peer Mountains entrance to the market provides the potential to transform the $105-billion global cyber security market via clear validation within its platform. 

“We are excited to start working with TokenMarket, one of the most highly respected and well-established token sale firms, for the PMTN generation event,” said Peer Mountain CEO and Founder, Jed Grant. “Peer Mountain is delighted to have the full support and backing of the TokenMarket team in order to achieve our goal” Grant stated.

With over 30 successful token sales executed over the past year, TokenMarket will utilise its experience in the market to support Peer Mountain during the course of its token generation event. 

“TokenMarket is pleased to announce our partnership with Peer Mountain on this exciting project” said TokenMarket CEO Ransu Salovaara. “We at TokenMarket have the means and know how to help execute Peer Mountain’s vision of developing blockchain commerce. We are really looking forward to working with Jed and the Peer Mountain team.” 

Both parties have indicated that some adjustments to the structure of the PMTN sale may be made to ensure the best outcome for the project and the Peer Mountain community. Final details and dates are to be released via the Peer Mountain community channels and website in the coming weeks.

For more information, visit www.peermountain.com.

ABOUT PEER MOUNTAIN

Peer Mountain is a cross-blockchain protocol that connects self-sovereign ID holders with businesses enabling commerce at scale. We are the only decentralized identity network that provides businesses with instant cost-effective regulatory compliance, puts people in control of their protected personal information, and pays ID verifiers for their trustworthiness. Peer Mountain is working with a major Swiss financial institution to develop its platform, which it will roll out to 12 million Swiss and German end users by the end of 2019.  For more information, please join the discussion in the Peer Mountain Telegram group.

ABOUT TOKENMARKET

TokenMarket is a premier ICO information portal and advisory firm. It combines its market experience, resources and data assets to create a professionally tailored solution to execute ICOs safely and securely. providing an end-to-end service for token creation, presale and public sale. TokenMarket’s ICO advisory service has partnered over 30 token sales including Storj, Populous, Monaco, Civic and Dent, raising over $300 million in total. Following the success of its ICO advisory service, TokenMarket is hosting its own 2-day conference “TokenMarket 2018: Insights Into The Token Economy”, which takes place on 28-29 June in Gibraltar.

For more information on TokenMarket 2018 visit https://tokenmarket.net/conference-2018/home 

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

May 15th of 2018 was yet another great day for the cryptocurrency world as crypto-traders, investors and enthusiasts await the Initial Coin Offering or ICO of Cryptocean. Founder and CEO of Cryptocean, Yury Myshinsky, who is well experienced at starting companies related to the information technology is very anxious as well for the project’s launch. He also assembled a Cryptocean Teamwhom are experts in the field of IT, blockchain technology, finance and business as project participants and advisers to make the success of Cryptocean certain.

Cryptocean makes use of a platform which utilizes the combinations of digital financial assets, cryptocurrencies and technological services working together in an effective legal and secure environment. The Cryptocean platform also guarantees its compliance with the legislation of KYC (Know Your Customer) and AML (Anti Money Laundering). With such objectives set as priorities, compared to other cryptocurrencies, a lot are expecting that Cryptocean will be a mainstream cryptocurrency soon after its ICO, safely navigating the waters of the crypto universe, fiat and the traditional financial system.

The main mission of the Cryptocean project is the integration of the traditional financial system to the cryptocurrency platform. This is to be achieved by developing a digital ecosystem which combines financial services with fintech services on legal standards. This would effectively provide good service to the needs of various businesses as well as individuals all over the world.

Cryptocean offers various functions and features which they say is most certain to entice not only investors and traders but a big margin of the consumer market as well. People who would like to make their daily tasks less tedious would find Cryptocean a valuable platform. These tasks and undertakings are not only relative to trade and finance but casual payments for services and goods as well which happens in our daily lives.

The Cryptocean platform offers the following services:

• Crypto Cards – virtual and actual plastic cards linked to a crypto-wallet for fiat and crypto transactions
• Escrow – for guaranteed cryptocurrency payments
• Crypto Accounts – multi-cryptocurrency and fiat wallets
• P2P Deals – guarantees assets exchanges by use of Escrow and Smart Accounts
• Conversions – immediate conversions of cryptocurrencies to fiat or vice versa with minimal commission rates
• Automatic Payments – scheduling of payments either in cryptocurrency or fiat
• Transfers – efficient multi-currency transfers
• Payments – payment of goods and services using Crypto Cards or fiat

The Cryptocean White Paperis a 65 page manuscript which is well detailed but easier to understand as compared to what other cryptocurrencies has released. Although very detailed and well thought of even those without much knowledge or experience with digital currencies could well grasp the functions and benefits one can have buy acquiring Cryptocean’s services. Aside from the technical aspects which are well explained, financial details, company history as well as the people behind the Cryptocean project are well elaborated giving one a clear picture of the kind of project it is.

One thing that the people at Cryptocean seems to be very keen on is the legality of their platform and its multifunction processes and security. Having these in mind the Cryptocean Team are confident that their patrons will show equal confidence as well. On its white paper, Cryptocean points out various problems different Cryptocurrencies have encountered in the past and indicates what necessary steps they have taken to ensure a guaranteed solution to each one.

Cryptocean has also rolled out many ways or methods of acquiring tokens even without direct investment. This can be done by means of fulfilling various tasks or actions under certain conditions. These Bounty Campaigns are well detailed and presented on Cryptocean’s Bounty Program.The Bounty Campaigns include referrals, registration campaigns, social media, air drop, translations and more which people can find on their bounty program campaign sections. A lot are expected to participate in these programs which would further boost the Cryptocean’s market value as projected by the team behind the project.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The Ubex project, a pioneering global advertising exchange platform, has launched its Token Sale and raised its soft cap in less than 1 day.

The Ubex project launched its Token Sale on the 21st of May, 2018, and it will last until the 13th of August. The Ubex Token Sale is unique on the blockchain market as it provides equal contribution opportunities and bonuses for all participants. In addition, the Ubex project refrained from conducting any private sale or presale rounds to ensure equal terms for all participants and to exclude any speculation or preference factors.

The project soft cap was reached during the first day of the Token Sale and has already exceeded the 4000 ETH mark.

Ubex is a global, decentralized advertising exchange based on the fusion of Neural Networks, AI and blockchain operated by smart contracts. The mission of Ubex is to create a world-spanning advertising ecosystem with a high level of trust and maximum efficiency in which all participants can benefit from the advanced technological breakthroughs that would never have found application in the industry without the advent of blockchain technologies.

The Ubex project is aimed at granting both advertisers and publishers the ability to take advantage of advanced technologies for matching offers and ad publishing opportunities to maximize audience targeting. The process is fully automated through the merger of neural networks and artificial intelligence on a blockchain basis to continuously analyze masses of market data and provide immutability and transparency to all operations and transactions within the Ubex ecosystem.

Ubex invites all to take advantage of the project’s bonuses during its Token Sale to acquire UBEX Tokens with the maximum available bonus of 20%.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Announced with no fanfare on Reddit last week, Tari will be a second layer protocol for digital assets built on Monero. A competitor in some ways to Ethereum, Tari will provide a Monero-based platform for the creation and trading of tokens.

Digital Islamic bank on the blockchain HADA DBank has announced its latest agreement, having secured its first corporate client in “future-forward” property development firm Überstate.

Itself only two weeks into its ongoing token sale, Überstate has penned a deal with HADA DBank to purchase $1 million worth of the bank’s digital tokens, HADACoins.

The move will be seen as a major step forward for mainstreaming cryptocurrency as the two significant companies join together to build a vibrant and sustainable ecosystem based on the new crypto economy.

Hada DBank interim CEO and chairman Hisyam M expressed delight at the deal, believing it to be a statement of confidence in the new banking project. He added that they looked forward to serving Überstate clients soon, while looking for more partnerships in and outside of traditional sectors to introduce new banking and financial services and products:

“Having 2 blockchain-based projects working together is the true meaning of blockchain economy that represents one of the spirits of blockchain in general, sharing economy.”

Meanwhile, Überstate was equally enthused about the deal, with CEO Jess Davis remarking on Hada DBank as a true partner in the blockchain banking industry:

“We are very confident in the abilities of HADA DBank to fulfill its mission as an Islamic bank on the blockchain and help evolve the current state of the banking industry internationally.”

Davis also thanked Hada DBank partners F1 Cryptos and DE Asset Management for facilitating the agreement, personally acknowledging the roles of Michael Buchbinder and Darrell Emmanuel in brokering the deal while maintaining stakeholder fidelity.

Apart from allowing easy and seamless investment into any of bespoke Überstate property for immediate returns and ownership of luxury hospitality, Überstate also prioritizes long term sustainability via greener solutions. These include creating investment opportunities that look to aid community growth and renewal through the identification of grey field and infill sites in urban locations naturally amenable to development.

Synergies of token economies

Überstate Real Estate Investment tokens look to change the way real estate investment is conducted, allowing for fractional ownership of large-scale assets and businesses in the hospitality sector. Backed by actual assets to provide intrinsic value, the token looks to leverage utility in exchange for services and goods in various international locations.

The Überstate investment platform is fully automated, allowing for retail investment of blockchain-based securities and tokens into large-scale commercial real estate development and businesses. The public token sale is soon to be announced.

Meanwhile, HADACoins are still available for purchase in a general public sale, following the successful conclusion of a pre-sale. The first one million HADACoins will include a 100% bonus on top of normal rates of 1 ETH = 1,500 HADACoins, with a minimum transaction of 0.15 ETH.

To learn more about HADA DBank’s blockchain based digital banking based on fair Islamic principles, visit the website and read the whitepaper. Follow HADA DBank on Twitter and Facebook, or chat directly with the team on Telegram.

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The ethereum classic difficulty bomb has been successfully removed, at least, according to the developers backing the 17th largest blockchain.

In 2017, the team at Invictus Capital launched one of the top 25 ICOs of all time with CRYPTO20, the world’s first tokenized crypto index fund. Now, in their second ICO, the team has already raised over 11 million USD to create the Invictus Hyperion Fund. The sale of IHF tokens will continue until May 30th, provided the 15 million USD hard cap is not reached before then.

If there was any doubt that ICO fundraising was a passing fad of 2017, it is already clear that the ICO is here to stay. By May 2018, more money had been raised through ICOs than in all of 2017— ICO fundraising is gaining momentum.

This makes the Invictus Hyperion Fund the perfect product for the discerning investor. The Hyperion Fund offers many benefits to investors who want exposure the returns characteristic of early stage, ICO investing, but who do not have the time or energy to research the hundreds of ICOs that are taking place at any one time. Owning a single IHF token, the token of the Hyperion Fund, provides an investor exposure to a professionally managed portfolio of investments in the future of blockchain technology. The tokens will be traded on exchanges providing investors access to liquidity and the ability to transfer and store their tokens at their own discretion. Additionally, in the design of the Hyperion Fund, Invictus Capital elected to use a proven token buy-and-burn protocol to control the size of the fund while redistributing returns to token holders. This mechanism, used by tokens such as BNB (Binance coin), will serve to increase liquidity and provide price support for the token on the open market.

Beyond providing diversified exposure to a portfolio of professionally vetted ICOs, time savings and liquidity, the power of syndication created through the Hyperion Fund enables fund managers at Invictus Capital to gain access to higher bonus structures by investing significant amounts in private pre-sales, something that most independent investors would be unable to do.

Even before the fund has been fully raised, the applications for funding from blockchain entrepreneurs have been rolling in through the portal on the invictuscapital.com website. Analysts are already hard at work reviewing applications and fund managers are already in the process of finalising the first investment of the fund in a promising private pre-sale. The details of this investment will be announced in the coming days once the ink has dried.

With just a few days left before the ICO ends on May 30th, the Invictus Hyperion Fund ICO is not one to miss.

https://invictuscapital.com/hyperion

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The ability to insure and be insured is one of the most important needs for both businesses and beings. This need is the driver behind an industry estimated at $3.92 trillion last year. However, the potentials of this industry continue to be limited by the challenges associated with the high cost of operation, lack of privacy, long processing time, and high rejection rates. These problems are as a result of the highly centralized nature of the industry, rendering processes that should take minutes into days. Cayman Island-based, HMS, has made a breakthrough in the development of a global solution to eliminate these problems.

Developed by the largest online crowdfunding platform in Asia, Qfund, HMS is bringing global, mutual support to the insurance industry through blockchain technology. The platform offers an open, transparent, smart, and self-help mutual support for users all where in the world. Already, HMS, has successfully deployed three mutual support products for its ecosystem: Global Health Mutual Support, Token Support, and Flight Delay Mutual. These products have been designed to meet the needs of different service industry as the platform continues to record numerous technological breakthroughs as the world’s first mutual support blockchain application platform.

Global Health Mutual Support

Launched on March 9th, 2018, HMS Global Health Mutual Support leverages a decentralized system for the global health industry to share the cost of treatment for affordable health risk protection with minimal spending.

Global Health Mutual Support is geared at users between 18-60 years old and require users to store 100 HMCs in smart contracts. Following a 180-day observation period, if the member is found suffering from any illness or illnesses on the platform’s 30 Major Illnesses List, they will automatically be entitled to receiving a mutual support compensation of up to 300,000 HMC.

Blockchain technology makes it easy for the global community to check up on the status of every event at any moment. The technology also facilitates the disintermediation of all engagement and transactions.

Token Support

The crypto market has become one of the most volatile market, which is why it has become of critical importance to have hedging support of the market’s wild and often sudden movements. Token Support was launched on March 17th, 2018 specifically for the crypto market.

Token Support has a mutual support fee of 0.01ETH~0.02ETH, enabling lucky members to earn up to 2ETH worth of mutual support. These winners are chosen through an autonomous smart contract, whose process is openly available to the public for transparency, fairness, and genuine randomness.

Token Support is powered by two innovative features; Afraid of Rising Mutual Support” and “Afraid of Falling Mutual Support”.

Afraid of Rising Mutual Support: A user afraid of an increase in price after flesh can participate in the mutual support that triggers a compensation contract when the token price rises to 25% after fleshing.

Afraid of Falling Mutual Support: Users harboring fear of the value of a token they’ve just acquired falling, can allay their fears by participating in a mutual support that triggers a compensational smart contract when the price of the token falls 25% from purchase price.

Flight Delay Mutual Support

Flight delays are notorious for throwing carefully laid plans up in the air – and equally just as unpredictable. Passengers beset by delays only need to pay 100 HMC and enter the correct flight information before takeoff. If this flight is delayed, they automatically become eligible for compensation of up to 2000 HMC with no geographical restriction.

Any flight that can be searched through third-party data company “FlightStats” are eligible to participate. The first compensation for this product was paid out on April 17th, 2018 and by May 7, 2018, 7000 HMC had been paid to the community

Technology Innovations

HMS recently integrated a number of technological improvements including:

User Security: Adopting a mnemonic login technology, the platform has enhanced security through the provision of a dual-account confidentiality service.

User account system: Periodic improvement of payment protocols, node backups, and enhancing of data statistics functions continues to push HMS product advancement.

Product iteration: HMS have released the  international version of its platform and also announced a referral programme designed to reward the community with HMC whenever they refer a friend to join the Flight Delay Mutual.

Technical Extension: In order to improve upon the operational speed of the platform, HMS is currently testing EOS contracts ahead of a full-scale technical support for large-scale multi-product operation.

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The post Creating A Better Blockchained World: HMS Announces Pioneering Products and Technology appeared first on BitcoinNews.com.

ICOs have revolutionized startup funding by allowing anyone with an idea to raise capital for it through the sale of a digital token. They have also enabled a wave of mediocre blockchain projects and dozens of scams. Ethereum’s Vitalek Buterin thinks he has a better idea

While the second half of May has been burdened by a sustained downtrend, today’s price movements could be seen as a spark for a reversal. After reaching initials lows earlier in the day of just above US$7,000, Bitcoin saw a huge jump to above $7,400, and is continually inching higher. If things play out well, this could lead to a summer frenzy, similar to was witnessed at this time last year.

In the month of April, Bitcoin saw an almost 50% growth- from lows of US$6,600 to local highs above $9,600. While this was a strong indication that the bear cycle had ended, May’s woes have acted as a reinforcement of the bleed seen between January and March of this year. However, Bitcoin’s appreciation of close to 5% marks the highest performing day since the first week of May.

Perhaps more exciting is the performance of altcoins alongside BTC. Out of the top 100 coins listed on coinmarketcap, all have seen dollar appreciation within the past 24 hours. The worst performer, of course, is Tether, which remains pegged at US$1. Almost half of the top 100 has seen double digit appreciation, more than doubling that of Bitcoin. This surge is led by Bytecoin (BCN) and Nexus (NXS), with 35% and 25% growth, respectively. Altcoins globally saw an increase in market cap from US$182 billion to $201 billion, or roughly 10%.

Unfortunately, today’s performance alone does not cancel out May’s losses. The global market cap of all cryptocurrencies is down 30% from early May highs. To reach similar valuations, today’s activity would have to sustain itself and spill into June. Fortunately, sentiments surrounding the cryptocurrency space seem to be improving. Cryptocurrency magnate and John McAfee Tweeted his prediction of a US$15,000 Bitcoin by the end of June. While this 100% increase would be significant, McAfee’s altcoin calls are far loftier. The antivirus entrepreneur suggests that both Bitcoin Private (BTCP) and Golem (GNT) will see more than ten times growth by July, accompanied by 3-5x increases from a handful of other altcoins.

My short term price predictions: in a major dip, with nearly everything dropping, the price of Docademic doubled since my prediction. The market will turn before June 12th and my predictions will hit. My algorithms predicted Trump's June 12th date. They have never been wrong. pic.twitter.com/IGAzWPtOV4

— John McAfee (@officialmcafee) May 24, 2018

Much of the cryptocurrency community consists of college students, and as such, a major volume increase is likely when all return home from school. If both a sustained growth of price and volume coexist into the start of June, the field may be set for a similarly exciting summer as was experienced in 2017. While December all-time highs seem to be very distant benchmarks, hopefuls throughout are suggesting that these price levels may be retrieved sooner, rather than later.

What I like about Ripple is their drive not only for adoption by strong global banks but their pitch of regulation and initiatives to support startups through Xpring. From the chart, it seems like Ripple prices are recovering and is up four percent in the last 24 hours. In our trade plan we want to see prices appreciating and if it does then we can start buying on dips in lower time frames beginning Thursday.

From the News

Ripple is well known for their drive. Not many coins can match their hunger for corporate integration. Inherently and this what is common amongst critics, Ripple Net is designed for banks and not individuals as many purport. To some extent that might be true. However, with Santander launching their OnePay App for their customers, other retail banks might follow suit. With the release of this application, Santander customers spread across four countries including the UK and Brazil would comfortably send and receive money within a day via Ripple’s xCurrent.

Santander is going to release the OnePay FX App (ripple powered) for worldwide use in the "next couple of months". You know what's also coming out in the "next couple of months"? xRapid!!! #XRPTHESTANDARD

— Alex Cobb (@AlexCobb_) May 28, 2018

Now, while the service is exciting, it’s currently accessible to individuals who want to send money across the border without going through time consuming intermediaries as retail banks. Businesses can’t utilize it and is not instantaneous as xRapid services.Nevertheless, there are solid development plans for Santander to avail this service internationally and thereafter, fund transfer would be instant and based on existing crypto exchange rates.

Reflecting its value, Ripple is the third most valuable company in the world with some high profile partnerships as Master Card and Western Union. Additionally, there are a host of other global banks especially in SE Asia that support the Ripple project. Invariably, efforts like these are what investors want to see.

"We already have digitized fiat, I can go to my bank and give my money to people in the same bank in seconds. What's transformational is that you can move money in seconds with digital assets from one country to another."
–@JoelKatz on stage at @BlockShowcom #Blockshow pic.twitter.com/Gtw6pBR45v

— Ripple (@Ripple) May 29, 2018

According to recent demonstrations, Ripple speed is one of the kind and their network charges are next to zero. As such, I’m not really surprised to hear rumors that they are planning a partnership with Amazon. It may come to pass yes but that alone is enough reason to slow down bear pressure. Remember, Amazon is the largest online retail store in the world whose market cap almost twice that of the total crypto market capitalization.

Ripple (XRP) Technical Analysis

Weekly Chart

Ripple Weekly Chart by Trading View

All pointers hint of a long covering and it is. We can talk of April bullish march where we had three candlesticks moving 50 cents while it took five bear candlesticks to reverse the same gains in May. That’s not all, notice that during this time divergence in weekly average volumes is visible. In April for example, weekly volumes stood at around 60 million while in May’s long covering and lower lows, averages were approximately 30 million.

By all accounts, these bear candlesticks doesn’t portray strong market participation like April price action. Therefore, in line with these technical developments,45 cents or April lows should prove important for price action. It’s our main support and we expect to find strong support and possibly injection of buys.

Daily Chart

Ripple Daily Chart by Trading View

At the moment, Ripple sellers are trending 15 cents away from our key support line and April lows. While we hold our bearish skew, the fact that Ripple is floating with the general alt coin bullish tide should change our short term preview. Obviously, we have divergence trade set ups with the weekly chart being bearish and daily chart hinting of trend change but that doesn’t matter. Time frames are quantifiers and different time frames can have conflicting set ups.

At the moment, I need to see not only confirmation of yesterday’s double bar bullish reversal patterns but volume spikes. Ideally, that would mean push and close above 60 cents. If that happens then we buy and trade with the trend. Conservatives on the other hand can wait for close above 60 cents in line with our previous trade plan.

The post Expect More Ripple Partnerships Throughout 2018, Banks Want to Save 30% of Cross Border Costs: Ripple (XRP) Price Analysis (May 30, 2018) appeared first on NewsBTC.