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We Think Mysterium Is About To Stage A Long Term Upside Reversal

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In this piece, we are going to take a look at decentralized VPN company Mysterium and, specifically, we are going to put forward an argument as to why we think this one could be a nice turnaround play in the cryptocurrency sector.

So, here goes.

Before getting into detail, take a quick look at the two charts below. The first is a zoomed out view of price action in the company’s representative token – MYST – since its initial offering and the second is a much shorter time frame chart looking at somewhere in the region of the last seven days’ worth of action in the same.

Chart one:

Chart two:

As the first chart illustrates, action since the initial offering hasn’t been particularly inspiring as far as the open market price of MYST is concerned. MYST debuted back in May this year in and around $0.92 a token. Right now, the same tokens go for around $0.76 – a decline of circa 18% in a little over six months.

One of the primary drivers behind this decline is a serious lack of communication between the guys behind the company and its investors (i.e., those token holders who took part in the ICO). Aside from a few updates released once or twice every couple of months, progress towards pre-stated goals is very tough to quantify and this, in this space, isn’t a smart move from the Mysterium team.

The more successful tokens all have one thing in common – holders pretty much know exactly what’s going on at the company that underpins them based on constant communication from founders and those involved through Twitter, Medium, Reddit, that sort of thing.

With that said, however, every company works differently and, for us, while the lack of communication is a negative aspect of the way Mysterium is being managed, there are enough positive elements of this company to make it a pretty attractive play. When combined with the fact that price seems artificially subdued because of a lack of communication, this attraction compounds.

For those unfamiliar with Mysterium, the company is trying to apply the concept of decentralization to VPN networks. Basically, nodes (which are just individual computers with network space that they wish to rent out) are rewarded for allowing others to utilize their unused network traffic. This is pretty much exactly how the current VPN space works but instead of utilizing the unused network traffic of an individual the user purchases access to a centralized server.

The reason we think this one is so exciting is because the VPN market is huge and growing fast. Moreover, alongside this growth, centralization issues and concerns are rising, with many of these issues rooted in data control and privacy. With the FCC net neutrality topic very much in the media right now and the potential applications of VPNs to this issue (which, it’s worth pointing out, remains an uncertain and variable topic depending on how ISPs decide to deal with VPNs), potential solutions (like that which Mysterium offers) have the potential to really take advantage of what analysts expect will be a conservative doubling of the current $50 billion global VPN market over the next five years.

Going forward, then, we’d like to see some confirmation that Mysterium is progressing towards a point from which it will be able to take advantage of this industry growth. This is going to require some increased level of communication between the company and its token holders, almost certainly.

Jumping back to the second chart outlined above, price over the last seven days looks to have bottomed out and is slowly starting to stage a recovery. If we are right, this current action could be the start of a longer-term turnaround and – in turn – might be a nice point at which to load up on MYST in line with a bullish long-term thesis.

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

Image courtesy of Mysterium

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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