Connect with us

Bitcoin

Here Are Today’s ICO Movers: Coindash and Darcrus

Published

on

movers ICO

We are closing in on the end of the week and it’s been a pretty wild ride in the ICO and token space. A number of tokens have moved considerably – some with valid reasons behind their movements and some slightly more dubious – and we’ve tried to track the biggest movers along the way in an attempt to figure out why the tokens in question are moving and – ultimately – what’s next for each.

We’re midway through the US session on Thursday, so here’s a look at two of the biggest movers over the last 24 hours with an analysis in line with the above questions – what’s moving the token and what’s next.

So, the two tokens in our crosshairs right now are Coindash (CDT) and Darcrus (DAR).

Let’s start with CDT.

Anyone familiar with this space will know that this one is something of a controversial play. The company conducted its ICO back in July and fell foul of a hacker, who changed the address to which participants were required to send ETH. In total participants sent $7 million in ETH to the hacker’s address instead of that of Coindash.

Anyway, that’s somewhat in the rearview right now and markets are able to focus on the company’s operations as indicative of CDTs inherent value as opposed to the implications of the hack.

That’s good news for the company and it’s paying off – over the last 24 hours, Coindash is up 35% and it’s up 15% since last month. Right now, CDT trades for $0.044, up from its ICO price of $0.031.

So what’s causing the run?

Well, as we’ve seen a couple of times this week, the primary driver behind the run is company’s announcement that CDT is now listed on another major exchange – in this instance, Binance.

When it comes to price, liquidity plays a key role in these tokens and – as such – the more exchanges that list a token, the higher it generally goes on the back of the improved liquidity position.

There’s a good chance we will see this token continue to appreciate moving forward, especially near term (i.e. into the close of this week), as more participants flow to the token on the back of increased and simplified access.

Management over at Coindash just published a fresh roadmap that outlines strategy over the coming twelve months, so that added clarity is also likely serving to lift sentiment a little on the wider markets.

Moving on, let’s get to Darcrus.

This is actually one we covered earlier in the week, with the token having picked up some real strength during the session on Monday and Tuesday on the back of some fresh media coverage.

Fast forward to today and we are seeing a replica of the action. Right now, Darcrus is up 21% on the last 24 hours and up a whopping 45% since last week.

So what’s driving the action this time?

You guessed it – a fresh exchange listing. This week, the company has announced that its token is now available to buy and sell over an exchange called UPbit, which while not one of the major exchanges, adds to a couple of other early week developments to compound the recently seen positive sentiment and to – in turn – keep this stock running.

When it comes to forward action, we’re not quite so optimistic on this one. At least not very near term. There’s a good chance we will see some degree of near-term correction as the shorter term operators pull profits out of the market and this will likely translate to some weakness.

When we see the dip, however, it might be a nice opportunity to pick up some tokens cheap ahead of a longer term recovery.

We will be updating our subscribers as soon as we know more. For the latest cryptocurrency news, sign up below!

Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

Published

on

Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

Continue Reading

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

Continue Reading

Bitcoin

Wisebitcoin Launches Professional-Grade Crypto Exchange

Published

on

Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

Continue Reading

Press Release