Connect with us

News

We Scored Big On Mysterium (MYST): Here’s What’s Next

Published

on

Back on December 4, 2017, we published this piece on Mysterium (MYST). At the time, MYST had just come off the back of a couple of really tough months and, during this period, had depreciated considerably from a market capitalization perspective.

That was on the wider timeframe charts, at least. When you zoomed into shorter time frames, things started to look a little different. We suggested that near-term action could indicate a return to the overarching upside momentum that had dominated this coin throughout July and August last year and, if this was the case, then-current pricing could be a great opportunity to pick up some cheap tokens in line with (and in advance of) a recovery.

As noted, this was on December 4, 2017.

Take a look at the chart below:

MYST Daily Chart

MYST Daily Chart

As the chart shows, MYST was trading for around $0.66 per token at that time. Fast forward to today, January 12, 2018, and the coin goes for $3.21 piece, having corrected over the last few days from highs in and around $4.52.

From our highlight price to highs, that’s a 584% appreciation.

So what comes next?

Well, as mentioned, the market is currently correcting and we think current action represents something of a consolidation phase for Mysterium. If this is the case, we could be once again looking at an opportunity to pick up some cheap tokens ahead of the market reversing to trade to the upside.

So what are the chances of a reversal?

If this market is going to strengthen, it’s likely going to need some sort of fundamental catalyst to get things moving again. Wider market sentiment is relatively weak right now and it’s unlikely that collateral positivity on its own is going to be enough to push prices higher.

As such, we’ve got to look at the company behind the token to try and figure out if there is anything on the horizon.

And there is.

On January 10, the team behind Mysterium put out this update, outlining development progress and highlighting certain milestones slated for near-term reaching.

And one of these milestones is a major one – a closed pre-Alpha of the company’s platform set up to facilitate testing. It will be a location shifting VPN service (without payments), accessible to the most active community members who have agreed to test it and share their feedback.

As a quick note, and for anybody new to this token, Mysterium is set up as a decentralized VPN built on blockchain technology and its proprietary token, MYST, is the token that will be used to facilitate payments across the network.

So, reportedly, once the pre-Alpha is in place and has been thoroughly tested to identify bugs, Mysterium is going announce approximate times of other releases. Once these dates are in place, markets will finally have some concrete timelines on which to focus as far as when this platform will be live is concerned.

That’s a major development in the sense that it removes a large portion of the risk associated with picking up tokens in anticipation of future growth and, as such, we expect it to drive a large wave of speculative volume flowing towards the company by way of its MYST tokens.

For us, this is more than enough of a near-term catalyst to get MYST moving to the upside once again.

We are going to be keeping a close eye on how things play out over the coming weeks as, by next month at the latest, we expect the pre-Alpha to be open and price to have finished consolidating.

One to watch.

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

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Mysterium

News

ONGX – Tokenized Ownership of Pharmaceutical Facility Listed on HOBIT.io

Published

on

OncoGenerix.io and OGInvest Limited have announced that the ONGX Token will be tradable via the Hobit.io exchange. The ONGX Tokens are built on the ERC20 blockchain protocol, serve as a SAFE (which stands for “simple agreement for future equity”), and will be exchangeable at the option of the investor for equity-token securities.  The ONGX Token offering is a first-of-its-kind digital investment opportunity, the company stated, as it offers tokenized ownership of a pharmaceuticals manufacturing facility. Through ONGX Tokens investors have an opportunity that is typically available only to industry insiders and large investment firms, the company stressed. 

“We are excited to see OncoGenerix.io work with Hobit.io, as we believe it is a strong ecosystem to provide ONGX investors with potential liquidity. We believe ONGX is the pharma industry’s largest digital offering to date, as measured by target investment size, underlying valuation, and production capacity of the asset. The ONGX Token brings pharma production investments to a much larger audience and democratizes the pharma investment opportunity,” said the president of Hobit.io Mr. K. Holtser.

Hobit

The OncoGenerix project anticipates to benefit from a combination of the OncoGenerix plant’s strategic location, favorable valuations of pharma manufacturers, and continued global pharma market growth. As a novel and generics pharma producer, OncoGenerix specializes in injectable…

Continue Reading

Featured news

Business incubator GDA Ventures acquires first client MobileGo, introduces MGO Token for blockchain gaming

Published

on

GDA Ventures, a business incubator backed by the GDA Group of companies, has  announced its first client – blockcain gaming platform MobileGo (MGO). The MobileGo project was initially launched in 2016 and focused on gaming, with significant closed partnerships including Unity and Xsolla, the gaming industries leading game engine and one of the most utilized payment processing providers. 

GDA Ventures 

Similar to many early blockchain projects, MGO built a significant community and blockchain offering while securing partnerships with top companies in the industry. The 2018 market crash combined with failed deliverables from various signed partners slowed the project down. Now, as crypto sees a revitalization, MobileGo has engaged GDA Ventures to restructure and revive the MGO project, the two companies announced.

“This is a huge step forward that will continue to bring innovation and originality to the blockchain gaming ecosystem; benefiting developers, gamers and everyone in between. We are very excited to work with GDA Ventures as their experience with venture incubation and development will help take MGO to the original heights set out in 2016, becoming an industry pioneer that bridges the gap between gaming and blockchain,” the MobileGo team announced in a statement.

MGO co-founders were some of the first to recognize that peer-to-peer gaming and unique…

Continue Reading

Featured news

SyncFab Boosts Aerospace Division While Strengthening MFG Token Utility

Published

on

Manufacturing blockchain company SyncFab has been selected as an official showcase solution finalist for the United States Air Force AFWERX program, the company announced this week. AFWERX is a community of innovators devoted to creating a faster and smarter US Air Force. SyncFab showcased its technology enabling agile manufacturing and reverse engineering of mission-critical component parts. 

SyncFab MFG Token

Additionally, Jason Smith, a veteran in the aerospace industry, joined the SyncFab team recently.  Smith possesses a tremendous knowledge of the industry, having worked with L3 Vertex Aerospace, the United States Air Force, commercial airlines, and government agencies to uncover business opportunities for engineering, maintenance, and repair services. 

SyncFab’s advisory board has also welcomed Urs Breitmeirer, former group CEO RUAG Swiss Aerospace Defense CO to boost the blockchain adoption strategy. 67% of space and aerospace executives anticipate the combination of blockchain distributed ledger technology, AI, XR, and quantum computing will have a transformational impact on their organization as reported by Accenture. With thousands of suppliers responsible for delivering advanced and innovative components or materials to Tier 1 suppliers and OEMs, supply chain and logistics have long been critical to the success of every major aerospace and defense program, SyncFab team stated.

This substantial reinforcement of the core team at SyncFab is expected to help boost the aerospace industry…

Continue Reading

Press Release