WOM Protocol Recommended by Premier Crypto Analyst (www.blockcast.cc)

Singapore, 21. August 2020 — WOM Protocol, a next-gen MarTech solution that enables brands to leverage word-of-mouth recommendations, has been added as a portfolio pick of Palm Beach Research Group (PBRG), strongly recommended as “a leader in marketing technology.”

PBRG is a leading investment analysis service with a large portfolio of expertise across stocks, bonds, real estate, private equity, gold, cryptocurrencies, and more. The Palm Beach Confidential newsletter has more than 600,000 subscribers and is run by Chief Editor Teeka Tiwari, one of the premier crypto analysts in the world, and Chief Analyst Greg Wilson.

In January, Melanie Mohr, CEO of WOM Protocol, spoke in Davos around the World Economic Forum 2020, including events such as the CV Labs Summit and Digital Davos. WOM Protocol was presented in front of a blockchain expert panel of judges hosted by Teeka Tiwari, winning the first prize and a feature in the renowned Palm Beach Confidential newsletter.

After months of in-depth due-diligence, Teeka and Greg upgraded the WOM Protocol from a newsletter feature to a full-fledged portfolio pick. This upgrade came, in part, due to the fact that the WOM Protocol is already live and being tested with more than 900 brands–including Adidas–and platforms with a network of hundreds of thousands of creators and authenticators. 

Source: Wom

Jens Willemen, a WOM Protocol advisor and Managing Partner at Kairon Labs, a dedicated algorithmic trading and crypto advisory company, about the WOM Protocol feature in Palm Beach Confidential:

“WOM winning the first prize in Davos and getting covered by Teeka Tiwari is a real catalyst for large scale global exposure. When Teeka announced one of our existing clients that is listed on a respected tier 2 exchange in his Palm Beach Confidential newsletter as a high-quality project a few months ago, we saw an organic spike in buying demand for their token. WOM will have the unique chance to convert these new token buyers into ambassadors for the brand and the WOM Token.”

About WOM

The WOM Protocol, together with the WOM Token, provides a way to reward creators without compromising consumer trust in the content and its creators. The WOM Protocol will become the main marketing channel for brands, targeting the $335 billion annual digital marketing spend, and the main revenue stream for content platforms.

For more info about WOM.

About Palm Beach Research Group

PBRG is based in the heart of one of America’s “Millionaire Capitals” and has access to some of the richest and most well-connected people in the world. They don’t limit their ideas to just stocks and bonds. They also research options, real estate, private equity, and alternative assets like gold and cryptocurrencies.

For more info about PBRG.

Disclaimer: This is a paid post and should not be taken as news/advice.

Let’s block ads! (Why?)

WOM Protocol Recommended by Premier Crypto Analyst (www.blockcast.cc)

Singapore, 21. August 2020 — WOM Protocol, a next-gen MarTech solution that enables brands to leverage word-of-mouth recommendations, has been added as a portfolio pick of Palm Beach Research Group (PBRG), strongly recommended as “a leader in marketing technology.”

PBRG is a leading investment analysis service with a large portfolio of expertise across stocks, bonds, real estate, private equity, gold, cryptocurrencies, and more. The Palm Beach Confidential newsletter has more than 600,000 subscribers and is run by Chief Editor Teeka Tiwari, one of the premier crypto analysts in the world, and Chief Analyst Greg Wilson.

In January, Melanie Mohr, CEO of WOM Protocol, spoke in Davos around the World Economic Forum 2020, including events such as the CV Labs Summit and Digital Davos. WOM Protocol was presented in front of a blockchain expert panel of judges hosted by Teeka Tiwari, winning the first prize and a feature in the renowned Palm Beach Confidential newsletter.

After months of in-depth due-diligence, Teeka and Greg upgraded the WOM Protocol from a newsletter feature to a full-fledged portfolio pick. This upgrade came, in part, due to the fact that the WOM Protocol is already live and being tested with more than 900 brands–including Adidas–and platforms with a network of hundreds of thousands of creators and authenticators. 

Source: Wom

Jens Willemen, a WOM Protocol advisor and Managing Partner at Kairon Labs, a dedicated algorithmic trading and crypto advisory company, about the WOM Protocol feature in Palm Beach Confidential:

“WOM winning the first prize in Davos and getting covered by Teeka Tiwari is a real catalyst for large scale global exposure. When Teeka announced one of our existing clients that is listed on a respected tier 2 exchange in his Palm Beach Confidential newsletter as a high-quality project a few months ago, we saw an organic spike in buying demand for their token. WOM will have the unique chance to convert these new token buyers into ambassadors for the brand and the WOM Token.”

About WOM

The WOM Protocol, together with the WOM Token, provides a way to reward creators without compromising consumer trust in the content and its creators. The WOM Protocol will become the main marketing channel for brands, targeting the $335 billion annual digital marketing spend, and the main revenue stream for content platforms.

For more info about WOM.

About Palm Beach Research Group

PBRG is based in the heart of one of America’s “Millionaire Capitals” and has access to some of the richest and most well-connected people in the world. They don’t limit their ideas to just stocks and bonds. They also research options, real estate, private equity, and alternative assets like gold and cryptocurrencies.

For more info about PBRG.

Disclaimer: This is a paid post and should not be taken as news/advice.

Let’s block ads! (Why?)

Top Analyst Who Called Bitcoin’s Rally to $9,500 Warns a “Hard Dump” May Happen

 

If you told investors in mid-January that Bitcoin would soon surmount $9,000, they might’ve thought you were crazy.

At the time, the cryptocurrency had just been rejected multiple times from key resistances in the high-$8,000s — namely the ever-so-important 200-day moving average (seen as a “make or break” level) and the horizontal right around $9,000 sharp.

But, trader NebraskanGooner predicted what came next, saying a tweet published on January 16th — a day when Bitcoin dropped by 4-5% from $8,800 to $8,400 — that he expects for the asset to not “go any lower than $7,800 or higher than $9,600 this month.”

I think #bitcoin is likely to range for the next couple weeks. I don’t see it going any lower than $7.8k or higher than $9.6k this month. Those are the upper and lower limits of this current HTF range I’m seeing
Even more likely it stays in a tighter range between $8.2k-8.8k.

— NebraskanGooner📈 (@nebraskangooner) January 16, 2020

Bitcoin traded in the range the analyst described near perfectly, with BTC recently topping at $9,600 almost exactly and finding a local bottom around $8,000.

NebraskanGooner, a founder of crypto exchange Level, is looking to build on top of his prior success, on Monday releasing a “blueprint” as to how Bitcoin could trend in all of February.

Considering his track record, which has been underscored by an eerily accurate fractal he touts, his blueprint may be something to keep a close eye on.

Bitcoin Must Hold This Key Level, Top Trader Says

In a tweet outlining his blueprint for February, the trader provided a more neutral to bearish outlook for the cryptocurrency market, contrasting the exuberance being displayed by many traders at the moment.

NebraskanGooner said that Bitcoin likely put in a monthly high in $9,600, before adding that the range he mentioned in the January blueprint remains intact.

While the prominent commentator did admit that BTC is most likely to find a range, he did warn of Bitcoin “dumping hard” if it breaks below the $8,900 level and closes beneath it on a daily basis.

As to why $8,900 is so important, NebraskanGooner didn’t explain further. But, below you can see a TradingView chart from NewsBTC, which shows the $8,900 level as the white band.

The chart shows that for about a year now, the $8,900 level has been a key point for Bitcoin to hold, with the cryptocurrency finding resistance and support at this level on multiple occasions over the past 12 months.

A “hard dump” could see Bitcoin fall to the low-$8,000s or high-$7,000s, the analyst implied, meaning losses of 10 to 12% could soon be had.

Related Reading: Here Are 7 Reasons Why Bitcoin Could Explode Past $10,000

Can Bulls Maintain Crypto Market Momentum, Hold $8,900?

The question remains: can Bitcoin hold $8,900 as the aforementioned trader says bulls should?

According to a number of traders, it’s highly likely.

Prominent trader Filb Filb noted that Bitcoin’s charts across multiple timeframes paint a “pretty bullish outlook” for the cryptocurrency because “volume indicators are good,”  not to mention the “moving averages are trending up.”

He added that his monthly chart coupled with his proprietary indicator is printing a buy signal, “which in the past has meant a big upside move.”

Not to mention, Litecoin over the past few weeks has surged much higher than Bitcoin and the rest of the market. In 2019, strong rallies in LTC, specifically outperformance of the cryptocurrency against Bitcoin, were a precursor to similar surges in the rest of the market once bulls caught up.

What if Litecoin is leading Bitcoin again, like it did last year? pic.twitter.com/VHB3RLm5rd

— Loma (@LomahCrypto) February 1, 2020

 

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Analyst: Bitcoin Will Skyrocket to $100,000 in 24 Months and “There’s Nothing You Can Do About It”

• A position trader is making noise on social media after tweeting an ultra bullish prediction on bitcoin.
• The cryptocurrency’s performance in the last two halvings may have prompted the analyst to make a bold call.
• Other big names in the industry share a more conservative price target.

Bitcoin’s recent bullish price action is giving new life to crypto enthusiasts. The crypto token is up over 12% year-to-date. While the gains are not as impressive as they sound, the technical ramifications of bitcoin trading above $8,000 is what’s important. To many bulls, this is an indication that the king of cryptocurrencies has already bottomed out.

Trader Mac says that the bottom is in as long as $7,450 holds. | Source: Twitter

As bulls come out of hibernation, there are those who are giving their fearless forecasts on how high bitcoin will fare in the next few years. Some are sharing conservative targets around $12,000 by the end of 2020. Then, there’s one trader who believes that bitcoin will soar to $100,000 in 24 months.

Bitcoin to Soar by 2021: Analyst

Do you think that bitcoin can surge over 1,130% in the next two years? Whether you believe it’s possible or not, it doesn’t matter according to trader Bitcoin Macro. The position trader took to Twitter to share his ultra bullish prediction on the top cryptocurrency. The analyst boldly said that the coin will breach $100,000 in a couple of years.

Bitcoin Macro with his out of this world prediction. | Source: Twitter

Many of his followers were quick to dismiss his forecast. User Don Barafranca replied that Bitcoin Macro is not thinking straight.

One follower who’s not buying Bitcoin Macro’s bullish call | Source: Twitter

Others gave Bitcoin Macro the benefit of the doubt. They wished that the analyst supported his outrageous call with facts or analysis.

Another follower hopes that Bitcoin Macro provided backup statements. | Source: Twitter

Bitcoin Gained Nearly 3,000% After the Second Halving

If you look at the historical performance of bitcoin after every halving, you would realize that Bitcoin Macro’s prediction is not so far-fetched. The top cryptocurrency rose from $12.31 at the price of the first halving to $994.21 at the all-time high of the reward era. At the time, the cryptocurrency surged 7,976%.

Furthermore, bitcoin stunned critics and naysayers as it catapulted from $650.63 to an all-time high of $19,535.70 after the second halving. Gains of more than 1,130% is within the realm of possibility.

Analyst ‘dave the wave’ also believes that the cryptocurrency will move above $100,000 in the coming years. Even if the law of diminishing returns kicks in, the cryptocurrency would still ignite a face-melting bull run.

In the analyst’s calculations, bitcoin is poised to hit $120,000. | Source: Twitter

Other Crypto Big Shots Are Not So Optimistic

While bitcoin looks bullish, some top names in the industry are keeping their expectations conservative. Mike Novogratz, chief executive of crypto investment firm Galaxy Digital, predicts that bitcoin will end 2020 at $12,000. Fundstrat founder Thomas Lee says that the cryptocurrency will likely generate gains above 100% this year.

Only in bitcoin will you hear possible gains of 100% and people still call it conservative. The historical performance of the number one cryptocurrency has captured the imagination of both investors and speculators. Whether it goes above $100,000 or not, there’s likely a possibility of raking in profits in the next few years. Of course, that’s a classic high-risk, high-reward tradeoff.

Disclaimer: The above should not be considered trading advice from CCN. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

This article was edited by Sam Bourgi.

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Analyst Dispels the Myth: Bakkt Futures are Not Backed by Bitcoin

• Bakkt’s arrival was supposed to be rocket fuel for the number one cryptocurrency.
• Even with Bakkt’s growing volume, the demand has not translated into bullish bitcoin prices.
• Institutions participating through Bakkt are trading on leverage instead of taking physical delivery of bitcoin.

Many crypto enthusiasts saw Bakkt’s entry earlier this year as a bullish driver. The launch of the ICE-operated platform was to mark the arrival of institutional investors. With all the hype surrounding the bitcoin futures exchange contract facilitator, the supposedly industry-bending event came as a non-event.

Bakkt failed to deliver as expected.

A few months later, I understand why the launch of the ICE-backed company was not a bullish event. Thanks to the in-depth research of trader and economist Alex Kruger, we can all comprehend how Bakkt is being used.

Bakkt’s Bitcoin Futures Contract Volume Is Steadily Growing but Bitcoin Is Still Dumping

The prevalent story behind Bakkt is that institutional investors now have a way to legally buy bitcoin through a reputable and regulated company. Through the futures exchange’s custodial services, institutions can buy bitcoin and store the coins in the company’s warehouse.

This sounds like a bullish narrative. Institutions can take coins out of circulation and store them in Bakkt’s warehouse. As monthly futures volume grows, one can expect that demand for the number one cryptocurrency would increase as well.

If you’re a retail investor, it is easy to make the mistake that Bakkt’s strategy is bitcoin rocket fuel. However, the ICE-operated company may not have been 100% transparent to the crypto community.

Case in point: The volume of its bitcoin monthly futures contract has been on the rise yet bitcoin remains sluggish. The theory that institutions are taking bitcoin out of circulation does not appear to be holding up.

This chart is supposed to be bullish for the dominant cryptocurrency. | Source: Twitter

Fortunately, Alex Kruger shed some light on this issue. In a tweetstorm, the analyst explained how dollars and treasuries are backing Bakkt futures, not bitcoin.

Alex Kruger: ‘Almost No One Takes Physical Delivery’

It appears that institutions trading on Bakkt have very little interest in storing bitcoin. The growth in the monthly futures contract volume seems to indicate interest in margin trading. Alex Kruger explains how Bakkt’s volume is not backed by bitcoin.

Almost no one is taking interest in storing bitcoin through Bakkt. | Source: Twitter

The trader showed that in October only 15 BTCs were physically delivered. That number increased to 17 in November.

This may come as a shock to die-hard crypto fans who believed that Bakkt will change bitcoin. Nevertheless, almost all institutions participating through Bakkt are interested in trading on leverage.

Bakkt’s step-by-step trading flowchart. | Source: Twitter

Mr. Kruger explains that while traders have the option to take physical delivery, most either roll the contract to the next month or close the position. Bakkt’s services have not been bullish for the top cryptocurrency because only a handful of traders have taken physical delivery. Others are taking advantage of the opportunity to have bitcoin exposure without the risk of owning the cryptocurrency.

Bakkt Bitcoin Futures Backed by USD Cash and US Treasuries

The trader also explained that traders on Bakkt only have to shell out 37% as initial margin for each future contract.

Alex Kruger showing that cash rules Bakkt, not bitcoin. | Source: Twitter

With a minimum exposure of 10 BTCs, institutional traders deposit around $27,000 at the current bitcoin price of $7,300. That’s peanuts for offices that manage millions of dollars in assets. However, they can still make money by exploiting the volatility of the number one cryptocurrency.

In the end, it’s not Bakkt’s fault that traders are not using their services to buy and store bitcoin. The service is there but institutions are just not interested for now.

Disclaimer: The above should not be considered trading advice from CCN. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

This article was edited by Sam Bourgi.

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Ethereum’s Potential is ‘Exciting’ and It Will ‘Ultimately Succeed’, Analyst Says – CCN.com

 

Ethereum has been at the center of controversy as of late due to its scalability issue. At its current iteration, the number two cryptocurrency can only process 15 transactions per second. With over 2,500 decentralized applications (DApps) and more than 16,000 daily users, the network is struggling to keep up with the demand.

In fact, the network utilization of the cryptocurrency has topped 94%.

The bottleneck in this blockchain is keeping big organizations from joining the network. In addition to that, this issue is causing transaction fees to skyrocket according to Vitalik Butrerin himself.

It appears that the scalability problem may be the downfall of Ethereum. However, one analyst that goes by the name of The Crypto Oracle thinks that this issue will eventually lead to the success of the cryptocurrency. The distributed ledger technology (DLT) researcher exclusively spoke to CCN about how Ethereum might pivot to circumvent its scalability concerns.

Radical Solution to Scalability

Most crypto enthusiasts find value in Ethereum due to its ability to deploy smart contracts. The Crypto Oracle affirms this view as the analyst said,

Everyone thought Ethereum might be a massive computing engine.

Seeing the digital asset in this particular light has led to extreme network congestion. With Ethereum unable to scale with demand, developers are finding unique ways to ease up traffic. They’re doing it by transferring transactions off-chain with the final execution settled at a later date.

Most computation, privacy, and connectivity is moving off-chain, while final execution will remain on-chain

says The Crypto Oracle. The DLT researcher also added that there are several ways off-chain transactions can take place,

Sidechains, off-chain, in a trusted execution environment, routed to another blockchain, and state channels.

Off-chain transactions provide a number of benefits to the main Ethereum blockchain:

• First, and most important, off-chain transactions help alleviate the network congestion by not adding traffic to the primary blockchain.
• Second, off-chain transactions are exponentially faster as they’re not happening on-chain.
• Lastly, off-chain settlement allows more people and organizations to leverage the Ethereum network without relying so much on the main chain.

Transactions happen off-chain before they are recorded on the blockchain | Source: Steemit

With off-chain solutions providing a quick fix for scalability issues, Ethereum has the potential to be known as a platform for value exchange.

Ethereum to Become a Global Settlement Layer

Another reason why The Crypto Oracle finds Ethereum exciting is due to its potential to become a global asset registry. According to the analyst,

It is looking more and more like Ethereum will become an international digital asset registry.

The DLT researcher added:

Global asset registry just means it will be the database that lists tokenized assets so all types of things can be tokenized and ownership of them can be stored on the blockchain.

It appears that The Crypto Oracle may be on to something.

As of this writing, there are over 212,000 ERC-20 token contracts found on the Ethereum network. That’s an increase of over 1,000% from the 2017 count of 17,724 ERC-20 token contracts. We can expect the number of ERC-20 tokens on the Ethereum blockchain to explode as a report predicts that the tokenization market to balloon to as much as $2.67 billion in 2023 from $983 million in 2018.

Ethereum Faces Competition But Other Projects Don’t Have As Much Support

There are many coins that have been dubbed as the “Ethereum-Killer.” For instance, Cardano has been hailed by many to be Ethereum’s top competitor. Other than that, Ethereum’s Chinese counterpart, NEO, is not far behind.

There are plenty of other cryptocurrencies providing advanced smart contract features. Nevertheless, The Crypto Oracle believes that Ethereum will remain the king of smart contract deployment. The analyst said:

No other project is really close when it comes to their ecosystem of developers, enterprises, and enthusiasts supporting the platform. It won’t succeed unless it solves its base layer scaling problem, but it will be given more leeway and a longer timeframe than other competitors considering its current network effects.

For these reasons, the DLT researcher told CCN,

I’m very excited about Ethereum’s potential and believe it will ultimately succeed.

 

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