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Experienced Serial Entrepreneur Niсk Evdokimov Shares ICO Investment Strategies

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Blockchain expert Nick Evdokimov has launched a comprehensive video series on his YouTube channel that demonstrates investment techniques to navigate Initial Coin Offerings successfully.Venture Capital vs. ICO

A few years ago, there were a relative handful of startups entering the ICO market, leaving investors without many choices. In those days, regardless of which ICO one chose to add to their portfolio, the results were a spectacular return on investment.

Times have changed. Now, there are thousands of ICOs on the market with hundreds more that have announced their opening dates. With so many options, the question for any potential investor is how to properly diversify their portfolio.

Traditionally, an investor could use venture capital to purchase shares in a startup. This, of course, would be done with the expectation of receiving a yield on investment within a few years on average. Once the shares were purchased and the startup was launched the shareholder would then receive dividends from the profits based on the percentage of shares held by that investor.

For example, if an investor purchased two percent of the shares in a startup, after the startup launched and produced profits of say $200,000 a month, the investor who bought two percent of the shares would receive $4,000 dollars in monthly dividends. This would go on until they either decided to liquidate their shares with this particular company, the company was purchased by another entity, or the company conducted an Initial Public Offering (IPO).

What Happens in the Case of ICOs?

In ICO investments, an investor receives tokens instead of shares. These tokens have an inherently different function to that of shares. Instead of receiving dividends, as is the case of venture capital investment, token holders are given a digital asset that will accrue value according to market demand. In this scenario, the token holder might be able to set a minimum price for which they are willing to sell the tokens.

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XRP (XRP) To Further Increase Liquidity Through 3 More Listings

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The remittance coin of XRP is further increasing its liquidity through listings in 3 new exchanges. These new listings hope to kick start a second half of 2018 for XRP in the best possible manner.

The first exchange to announce that it will be listing XRP on its platform is DX.Exchange. In a tweet, the fully EU regulated exchange announced that it would list the digital asset on its yet to be released platform after it conducted a facebook poll. The tweet that was made on June 4th stated that:

Here’s the winner of our Facebook Poll: @Ripple’s XRP will be available when DX.Exchange launches and an essential part of our community. #exchangeyourway

DX.Exchange will be launched later on this month on July 25th. The exchange is currently allowing for the pre-registration of new users through its website.

The second exchange that announced it will be supporting XRP, is the Australia based, The Cryptocurrency Exchange. The exact announcement via twitter stated the following.

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Cryptocurrency Market Update: Weekend Gains Turn into Monday Losses

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Crypto land is in limbo this Monday morning; few altcoins are gaining, Tezos, Digibyte and Mixin among them.

The weekend momentum has come to a halt on Monday and markets have pulled back a little. Total market capitalization could not break over the $280 billion barrier and has fallen back.

Bitcoin found resistance at $6,800 and has remained just under it at $6,780. The lack of bullish action has pulled most of the other cryptocurrencies back into the red again. Ethereum has pulled back 1.5% in the past 24 hours to trade at $485. Most of the altcoins are in the red at the moment and have lost gains made over the weekend.

EOS currently has the biggest decline in the top ten, falling by 4.5% on the day to $8.60. This puts it back at a similar level to the same time last Monday, trade volume over the past day has remained at around $500 million. Stellar and Monero are showing minor gains of between 1-2% but nothing significant.

In the top twenty VeChain is the biggest loser with a 4.8% fall on the day to $2.48. Just outside it OmiseGO and Ontology have both lost between 5-6% wiping out all gains over the past 48 hours.

Tezos once again has continued to climb and according to Coinmarketcap has gained for the third day in a row, today by 2.8%. Currently trading at $2.21 XTZ is marginally up from $2.13 this time yesterday. A similar gain can be measured against Bitcoin, 3.5% to 32900 satoshis.

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Ripple Market Strategy Standing Out in the Race

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San Francisco based-start up Ripple is following a different pattern of marketing for its blockchain supported financial solutions that it is offering. Keeping in mind that the number of coins in the crypto-verse is exploding with a rise in a daily basis, different-but smart is needed.

Ripple Target

The firm has a very clear cut path and a specific target niche. As explained in details by Daniel Aranda – Managing director of xSpring during the CryptoComare MJAC Summit.

xSpring Initiative is run by Daniel Aranda which is initiated to invest in, acquire, incubate and provide funding/grants for firms and projects plans that are run by entrepreneurs who are going to use XRP and the XRP Ledger. In which case the ones that find use of the decentralized solutions that the firm offers for clients will be favorite.

While talking about the Internet of Value, Mr. Aranda noted the similarity but yet difference between the IoV and today’s Internet. Likewise the packages of data that today’s internet transfers, value-money will be transacted for the IoV. He strongly supports the idea that payments play a vital role on building the fundamental walls for the internet.

“As we were thinking about different use cases… around payments… the highest friction and pain point that we found was around cross-border. So, if you think about here in the UK, you have services like the Faster Payments Service, CHAPS, and BACS, RTGS from the Bank of England, you have great payment systems that already exist on a domestic or regional level… so there is SEPA in the EU as well… but because there is no global central bank, you don’t really have a global consolidated payments system… you have layers that maybe simulate that, things like Visa and MasterCard or even SWIFT as a messaging service… And we thought that a decentralized architecture, blockchain technology, and these public ledgers could really help kind of interoperate a lot of these different systems. So, with that thesis in mind, we just started looking at markets [to see] who would be the first users, who is the right first customer to focus work.”

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Cardano Price Analysis: ADA/USD Could Extend Declines

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Key HighlightsADA price is trading below the $0.1500 support and is currently in a bearish zone against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.1450 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to move down towards the $0.1400 and $0.1380 support levels in the near term.

Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD is likely to retest the $0.1400 support if sellers remain in action.

Cardano Price Analysis

There was a fresh downside move initiated from the $0.1580 high in ADA price against the US Dollar. The ADA/USD pair declined below the $0.1500 support and moved into a bearish zone. An intermediate high was formed at $0.1494 and the price is currently moving lower. It recently broke the $0.1460 support and the 100 hourly simple moving average. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $0.1375 low to $0.1494 high.

It seems like the price may perhaps extend the current decline below the $0.1420 level. An immediate support is around the 76.4% Fib retracement level of the last wave from the $0.1375 low to $0.1494 high. Below this, the $0.1400 support could stop the decline. Finally, if the price declines further, it could revisit the last low of $0.1375. In the short term, an upward move is likely to face resistances near the $0.1450 level and the 100 hourly SMA. Moreover, there is a key bearish trend line formed with resistance at $0.1450 on the hourly chart of the ADA/USD pair.

The chart indicates that the price looks set for an extended correction. However, the $0.1400 support holds a lot of importance in the short term.

Hourly MACD – The MACD for ADA/USD is now moving in the bearish zone.

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Ripple Price Analysis: Can XRP/USD Bounce Back?

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Key HighlightsRipple price declined a few points recently after trading as high as $0.4877 against the US dollar. There is a key bullish trend line forming with support at $0.4680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may dips a few more points, but it remains supported above the $0.4650 level.

Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD must break the $0.4800 and $0.4860 resistances to trade further higher.

Ripple Price Support

During the past 2-3 days, there were decent bullish moves above $0.4600 in Ripple price against the US Dollar. The XRP/USD pair traded above the $0.4750 and $0.4800 resistance levels. A high was formed at $0.4877 before the price started a downside move. It declined and broke the 23.6% Fib retracement level of the last wave from the $0.4629 low to $0.4877 high.

Moreover, there was a break below an ascending channel with support at $0.4820 on the hourly chart of the XRP/USD pair. The pair tested the $0.4750 support where buyers appeared. Furthermore, the price tested the 50% Fib retracement level of the last wave from the $0.4629 low to $0.4877 high. At the moment, the price is consolidating losses near the $0.4780 level and the 100 hourly simple moving average. On the downside, there is a key bullish trend line forming with support at $0.4680 on the same chart. Therefore, if the price dips further from the current levels, it could find support near the $0.4700 and $0.4680 levels.

Looking at the chart, the price is placed in a bullish zone above $0.4700. On the upside, a break above the $0.4800 and $0.4850 resistance levels may perhaps clear the path for more gains.

Looking at the technical indicators:

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EOS Price Analysis: EOS/USD Dips Remain Supported

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EOS price traded towards the $9.50 level against the US Dollar. EOS/USD is currently correcting lower and is approaching a crucial support near $8.25

Key Talking Points

·         EOS price is holding an important support area near $8.25 (Data feed of Kraken) against the US Dollar.

·         There is a connecting bearish trend line forming with resistance at $8.80 on the 2-hours chart of the EOS/USD pair.

·         The pair is likely to resume its upside move as long as it is above $8.25.

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Litecoin Price Analysis: LTC/USD Could Retest $80

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Litecoin price failed to clear the $85.00 resistance and moved down against the US Dollar. LTC/USD may perhaps continue to move down towards the $80.00 support.

Key Talking Points

Litecoin price recovery faced a lot of sellers near the $85.00 and $86.00 levels (Data feed of Kraken) against the US Dollar. There is a connecting bearish trend line in place with resistance at $84.00 on the hourly chart of the LTC/USD pair. The pair may perhaps continue to move down towards the $80.00 and $79.50 supports.

Recently, there was a decent recovery from the $79.54 low in litecoin price against the US dollar. The LTC/USD pair jumped above the $83.00 resistance, but it faced heavy offers near the $85.00 and $86.00 level.

Looking at the chart, the price formed a high at $85.90 and started a downside move. It declined below the $83.00 support and the 100 hourly simple moving average. There was also a break below the 50% Fib retracement level of the last wave from the $79.50 low to $85.90 high.

At the moment, the price is trading near the $82.00 level and it remains at a risk of more losses. On the downside, an immediate support is around $81.00. It is close to the 76.4% Fib retracement level of the last wave from the $79.50 low to $85.90 high.

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Monero (XMR) Price Watch: Another Bullish Channel Bounce?

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Monero Price Key Highlights

Monero is gaining traction since its bounce off the channel support and is testing the mid-channel area of interest. Applying the Fibonacci extension tool on the latest correction move shows that the 38.2% level lines up with this barrier. Stronger bullish momentum could take it up to the next levels at the top of the channel and beyond.

Monero is gaining traction on its bullish run and looks poised to hit the next upside targets marked by the Fib extension tool.

Technical Indicators Signals

The 100 SMA appears to be crossing below the longer-term 200 SMA to indicate that bullish pressure is fading and sellers might return. Price is still above the moving averages, though, so there’s some upside momentum left. The indicators could also hold as dynamic support on a pullback.

RSI is also turning lower to signal a return in selling pressure so Monero price might follow suit. Similarly stochastic is pointing back down to indicate that sellers have the upper hand until the oscillator hits oversold conditions and moves back up.

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IOTA Smart City Project Granted €20 Million in EU Funding

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The +CityxChange consortium, which includes the IOTA Foundation, has won a bid to lead a new smart city lighthouse project under an EU research and innovation program. A total of €30 million euros worth of backing has been committed, the majority from the EU, for seven EU cities to experiment with smart positive energy innovations.

A total of 25 enterprises and organizations, including distributed ledger technology innovator IOTA, form the +CityxChange consortium. The group, which will be led by the Norwegian University of Science and Technology (NTNU) in the project, competed against 11 other proposals to become the lighthouse project for developing energy independent cities.

Blockchain Technology to Improve Quality of Life in European Cities

Over the next five years, the European cities of Trondheim, Limerick, Alba Iulia, Pisek, Sestao, Smolyan, and Voru will experiment with using digital services, including blockchain and peer-to-peer technology, to improve quality of life and generate more energy than they consume. Their experiences will be shared with cities across Europe to continue the wider development of the smart city ethos.

The funding of €20 million euros will be provided by the European Research and Innovation program Horizon 2020. Some of the project partners will add €10 million euros of “in-kind” efforts towards local implementation of demonstration projects in Trondheim and Limerick.

The +CityxChange project was commended by independent experts for showing that it will contribute to the wider roll-out of “Positive Energy Districts” across Europe.

The energy solutions proposed will include local governments and residents “involving the entire district energy value chain, extending to high-level policymakers and cities, universities, large enterprises, distributed network operators, SMEs, and not for profit organizations.”

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