The seventh CoinGeek conference is currently broadcast live from the Samsung Hall in Zurich. It will last three days, June 8-10, 2021; and the opening speech of day 1 by the founder of the Bitcoin Association Bitcoin Jimmy Nguyen set the tone for the conference, the aim of which is to educate the masses about the BSV blockchain and inform them about new developments within the BSV ecosystem.
Bitcoin’s rising popularity in recent years has sparked immense interest in digital currencies; What people don’t know, however, is that Bitcoin is “the first working application of blockchain technology” that can be used by virtually all types of businesses to improve and streamline their systems and processes. Currently, most of the digital currencies used for payment systems and asset trading are just the tip of the iceberg.
“There are now thousands of cryptocurrencies and many, many ledger projects, but very little actual use beyond investment trading transactions. People all over the world often ask me, ‘What is the explanation for the price of Bitcoin and other digital tokens when so few people actually use the coins in their daily life?’ And I tell them the truth, ‘There is no such thing as a good answer. For most of the market, there isn’t a good answer. But here at the CoinGeek Conference and in BSV’s entire global blockchain ecosystem, we would like to give you a good answer. ” Nguyen explained.
And the answer lies in that BSV blockchain, an infinitely scalable ledger that is public and distributed and that records transactions immutably and chronologically, giving the data transparency, security and integrity. This makes it extremely useful in many ways and can be applied to various industries such as: B. Healthcare, Banking & Finance, Information Technology, iGaming, Government, and Supply Chain Management to name a few. For example, online gambling on blockchain makes it much easier for operators and regulators to ensure responsible gambling and regulatory compliance.
“BSV is different from much of the cryptocurrency world, almost everything, in fact. And why? We don’t want a coin that you hold for years. We are building a blockchain that is used daily for billions of payment and business interactions to create a technological infrastructure to be the new digital installation that works with the internet to unleash the power of data. “ Nguyen explained.
Compared to BTC’s seven transactions per second (tps) E.TH20 tps from BCH, 60 tps from BCH and 193 tps from PayPal, the BSV mainnet already achieves an average of 5,124 tps at a median of USD 0.00028 per transaction, while the test network has already reached over 9,000 tps. In fact, BSV already surpassed BTC on May 16. This shows how the scalability of BSV has made it possible to overtake BTC, which has existed since 2009. BSV wasn’t founded until November 15, 2018, a decade after the Bitcoin White paper was published; and yet it has already grown so much and is ready to be rolled out to businesses around the world. Last February, the BSV test network processed almost two million transactions in a 384 MB block of data.
“And these blocks can contain more than just payments, they also contain the most valuable asset in our digital economy – the new oil – data and data infrastructure. So many things we give to own and monetize our own data, to send electronic money from person to person, from peer to peer to anywhere in the world, to cross geographical boundaries, to provide us with better business and government services enable and a universal source of truth that breaks data silos and opens data transparency, improves the sustainability of our planet, creates new ways of thinking, cities, towns, houses and a life that is smarter, stronger and better. So many things are given if we allow blockchain and BSV on a large scale. We ignite the power of data “,
All interested parties can continue to participate in the CoinGeek Conference and Register for free to learn more about how the BSV blockchain recognizes and uses the real value of data.
MATIC, Solana, Litecoin Price Analysis: June 13th
Bitcoin lost a solid 6.5% in the past 24 hours and its total market cap fell 3.77% to $ 1.492 trillion. While Solana and Litecoin were trading in red on the 4-hour chart, MATIC appeared to be making a green run for itself.
MATIC reached near its ATH on May 26th and has been in a steady downtrend ever since. In 18 days, the price of the coin fell 41.32% and was trading at $ 1.36 at the time of writing. While Relative Strength Index if it was oversold 12 hours ago, it has since climbed back onto the neutral line thanks to strong buying pressure.
A bullish momentum was seen on the upside Great oscillator in the last 12 hours, with green bars below the neutral line at the time of going to press. Regardless, Parabolic SAR showed an active uptrend as the white dotted line was present under the candlesticks.
Positive dynamism on the market saved the coin falling below the USD 1.23 support level and stronger buy signals could push the price higher.
Solana [SOL] : –
Although SOL has been trading in red for the past few hours, it managed to keep its price from falling closer to the USD 33.5 support level. At the time of writing, Simple moving averages (SMA) leads – 50 SMA (orange) and 100 SMA (red) have different positions on the map. While 50 SMA remained bearish, 100 SMA was just below the price indicator.
In recent observations Average Directional Index (ADX) An increase indicated a decline in prices. The current rise in the indicator could be cause for concern as the red line moves above the 25.0 level. According to the Squeeze momentum indicator, SOL was in an active squeeze release (white dots) at the time of writing, with strong downward pressure.
The chances of the coin dropping below the support line seem plausible based on the indicators, which is why further support has been set at USD 25.7.
Litecoin [ LTC ] : –
Litecoin had developed as expected: The coin did not show any strong volatility in the last few days. LTC’s move remained sideways, consolidating within the USD 185.5 resistance and the USD 145 support level. Even at the time of going to press Bollinger bands showed no inbound volatility as the bands stayed parallel to each other.
Relative Strength Index (RSI) was well below the neutral line. The selling pressure pushed the indicator down to 40.8. Great oscillator on the contrary, there was bullish momentum building when green bars appeared on the indicator
LTC / USD is floating down in the ranges
The market value of LTC / USD is now fluctuating downward in the zone boundaries to trade around the $ 159 level at a percentage of around -1.28 at the time of writing.
Swings deeper in the areas: LTC market
Resistance Levels: $ 200, $ 250, $ 300
Support levels: $ 130, $ 1200, $ 110
LTC / USD – daily chart
The daily LTC / USD chart shows that the cryptocurrency is swinging down at the USD 150 range line. There were still some volatile price movements in the lower trading zone that the market has maintained over time. As a result, all SMA indicators hardly differ in their positions on the chart. The 50-day SMA lies above the 14-day SMA with a small margin in between as the bearish trendline moved across it from top to bottom. The stochastic oscillator lines are slightly open and point south between areas of 40 and 20. This means that a downward force is lasting for some time.
With lower price fluctuations around the LTC / USSD area limits, will it take any longer?
The trading operation between Litecoin and the US dollar fluctuates excessively around the lower bounds of the market. The main range values of $ 150 and $ 200 are still intact as the price continues to fluctuate around them. Bulls also try to locate support around the lower range line over time. But they haven’t made the much-needed effort to achieve a sustainable recovery. However, a lot is expected of them, in particular by finding decent entries as the price drops more significantly below the lower range of the market.
To date, bears between the range-bound zones have the opportunity to defend themselves against any possible active upswing that price tends to make. Meanwhile, the immediate resistance level of $ 200 remains the best entry area to get a decent return on the downside if range trading style needs to continue. But most of all, the LTC / USD bears will have to watch out for the lower range of USD 150 afterwards.
LTC / BTC price analysis
With the value of Litecoin fluctuating downward by a reasonable amount when paired with Bitcoin, the trend still appears to be in favor of the base trading instrument. The bullish trendline drawn is currently the only self-inclined technical tool that represents this on the price analysis chart. The 50-day SMA indicator is broken to the south as the 14-day SMA trendline is just above it. The stochastic oscillators are immersed in the oversold area with slightly crossed lines pointing north in area 20. This suggests that an upswing in the womb is the time to side with the base cryptocurrency versus the flagship counter-cryptocurrency.
Cardano SPO column: WeQanhet (WEQNT)
This week’s guest at the Cardano SPO column is a purpose-oriented participation pool with several Charity projects in developing countries, including solar lighting and freshwater fountain: WeQanhet (WEQNT).
Last week’s guest was a Stake pool managed by a single operator who creates in-depth Cardano-related educational content.
This initiative is a reference point for everything Cardano and every week or two we invite Stake pool operators (SPO) to answer some questions and to give us an update directly from the Cardano community.
When you consider that many of our readers are new to the crypto space, We’ll have a mix of simple and technical questions.
Hello Denicio, nice to have you here. Tell us a little bit about yourself, where are you from and what is your background?
Hello everyone, my name is Denicio Bernier and I come from the Netherlands. I got to blockchain in late 2017 after accepting a colleague’s challenge to come up with a list of projects that I thought were better than Ethereum and Bitcoin.
It took me a week researching multiple projects, but the only one that really caught my focus was Cardano. The reason Cardano caught my attention was because of the team behind the project and their goal of solving the land registry issue, something that has plagued my family for over 30 years.
Since discovering Cardano, I have devoted my time to learning more about the project and to informing others about it.
What made you decide to become a Cardano Ambassador and Stake Pool Operator?
Before I became an ambassador, I had a podcast that focused on interviewing community members. The idea behind the podcast back then was to show the world that Cardano has a real, lively and active community. The community back then wasn’t as big as it is now, so I wanted to show the world that we actually have a community from all over the world.
With regard to running a stake pool, I believe that every active community member should either operate a stake pool or delegate their stake to a community-based stake pool. As an ambassador, I see it as my duty to lead by example and to help secure the network by operating a single stake pool.
What charity projects are you working on and where?
Stake Pool WEQNT is dedicated to providing free solar lighting to people who live in rural desert areas in Africa. We do this with great love and passion for people and hope that through this we can help improve their quality of life. We are also in the process of raising funds to start drilling water wells for the same communities.
I believe that nobody has to walk kilometers just to get a bucket of water. In addition, the water taken from springs often contains a wide variety of bacteria that are not beneficial to people’s general health. So if we can help solve some of these problems with the help of the community, then that’s what we should do.
Your stake pool has been around since the ITN (Incentivized Testnet). Based on your experience, what advice do you have for new SPOs? How can they grow?
Indeed, I’ve been with the ITN. It was a very special time. We were all just learning how to set up an equity pool, market our business, and develop relationships with our delegates. Really an unforgettable time!
Since the ITN, I’ve always said that WEQNT wants to provide free solar lighting to people who live in rural desert areas in Africa, and yes, I’ve kept that commitment!
I would advise other SPOs who are just starting out or who are having difficulty attracting delegations to create more visibility for their company and to build honest and sincere relationships with their community of (potential) delegates
Thanks for your time. Any final thoughts? Where can people find you?
The pleasure is mine. I really enjoyed that. This is a great example of how someone can contribute to the advancement of the Cardano ecosystem – in your very own way.
If someone would like to support us, they can delegate to the WEQNT deployment pool.
We are a high-performance investment pool with a solid mission and we want to continue to grow and do more good for people in need.
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