ETH/USD Price Analysis: $10 Ethereum will still be considered expensive in the future

ETH/USD Price Analysis: $10 Ethereum will still be considered expensive in the future
  • ETH/USD has been in a downtrend since the crypto-bubble burst in early 2018.
  • ETH/USD bear trend remains intact as sellers are eyeing a break below $100.
  • Ethereum has been declining steadily after the crypto-bubble burst in early 2018. ETH/USD is trading below all its main weekly SMAs as bulls are holding on with the skin of their teeth. A break below the 100 level could have very bearish implications with a drop to the levels prior to 2017. That is to say ETH/USD is most likely to depreciate to around 10 or $5 in the future. 

    Source: www.fxstreet.com


    Deflexchange - mirakuru 79 - Medium ⋆ Crypto New Media

    Deflexchange – mirakuru 79 – Medium ⋆ Crypto New Media

    What is Deflexchange?

    What do you know what Deflex is? Deflex is the first cryptocurrency exchange. Deflex has created an exchange that combines deflation with the entire cryptocurrency, whether it's a token or a coin. In their view, there are two types of exchange. One type of exchange is one that creates new features and services and takes the cryptocurrency industry one step further for mass adoption.

    Deflex will set up its own server locations in certain regions worldwide so that it not only has control over its own network and thus ensures the caution and security required for users, but will also become more decentralized. This means that Deflex is central and decentralized. Since the location of the server is unknown, no setup problems can arise and any user can use Deflex without problems and restrictions.

    The problem

    Bad technical architecture

    Exchange will not exist without the right infrastructure. Nowadays, many exchanges use cloud services or third parties that offer them the computing power they need and can provide it immediately. However, this creates a problem as the dependency on these service providers and third parties increases. This poses the problem that if a third-party server fails, Exchange itself will also fail. This can also increase the risk of a hacker attack because the infrastructure is not available.

    Deflex will set up its own server locations in certain regions worldwide so that it not only has control over its own network and thus ensures the caution and security required for users, but will also become more decentralized. This means that Deflex is central and decentralized. Since the location of the server is unknown, no setup problems can arise and any user can use Deflex without problems and restrictions.

    KYC Revolus

    This is a real problem that threatens the decentralization and anonymity of the cryptocurrency. Cryptocurrency was created to change and revolutionize the current money situation. The KYC process is required by the authorities, and the stock exchanges often have to request this from their users due to international law. On the one hand, exchanges can meet certain regulatory requirements and enter into various partnerships, and users can also feel more secure because KYC increases account security. On the other hand, this increases the authorities' influence on the exchange and fewer users dare to go to exchanges that require KYC.

    Anonymity Deflex and decentralized infrastructure guarantee not only the security of assets and other data, but also immunity from individual authorities. Deflex does not require KYC from its users and also defends the freedom and anonymity of cryptocurrency when trading.

    Customer service

    By far the biggest complaint that users have with existing cryptocurrency exchanges is poor customer support. The issues are many and include long payout times, sign-in issues, support tickets that are not answered, and documentation that is not available. With such large amounts of money, users need professional customer support to get the support they need.

    At Deflex, a pleasant user experience is a top priority, and one of the biggest improvements to the user experience that need to be made in today's digital money exchange is customer support.

    Lack of transparency

    From a user perspective, it's difficult to know what's going on behind the scenes. Many exchanges keep secrets of their income because they want to hide it from “competitors”. Many are kept secret. Also for what costs are used.

    We want to change it with Deflex. Exchange only climbs through its own community. For this reason, users must be able to know what the company is doing in the background and what ownership is currently in place. Therefore, the public can view the latest data on platform deflex status. This includes the current balance of fees charged.

    Deflex exchange

    ● Deflation exchange

    Every month there is a burning day in Deflex on which the collected currency is burned for a period of one month. The currency is collected for every transaction subject to a charge. Part of each fee is added to the Burning Pool and kept transparent there. These are then opened later on the day of burning and sent transparently to the burning address so that they can be burned. This happens with every cryptocurrency collected and anyone can freely display this account on the blockchain.

    ● Suitable machine

    Our machine can manage 900,000 orders per second. This is the beginning. Over time we will improve our machines. We expect a level of 1,700,000 orders per second.

    coin

    Deflex supports trading in pairs in the following coins:

    ● BTC

    ● DEF (Deflex Coin)

    ● USDT (tether)

    ● TRX (Tron)

    From time to time more trading pairs will be added and we will ask the community if and which more trading pairs are desired. This coordination takes place in our exchange in the survey section. Deflex will also support ERC20 token trading and TRC20 token trading.

    Revenue model

    Deflex's revenue comes from the following sources:

    ● Exchange fees

    Deflex initially charges a fixed fee of 0.1% per trade. Other variants will be introduced later, including manufacturers who are tiring due to the volume and advertising costs. We do not intend to charge more than 0.1%.

    ● Withdrawal fees

    Deflex can charge a small fee for withdrawals

    ● Record costs

    Deflex selects innovative coins and other assets to be listed on the stock exchange. There may be costs associated with the listing.

    Deflex coin (DEF)

    We'll issue our token called Deflex. A strict limit of 91,000,000 DEF is set, which is never increased. DEF runs natively on the Ethereum blockchain with ERC-20. DEF is also a cryptocurrency with deflation, as the DEF offer has not increased and the burn day we are targeting also includes burning DEF.

    Assignment

    ● 60% – first coin offering (ICO)

    ● 35% – company funds

    ● 5% – founding team

    Use of funds

    ● 65% of the funds will be used to build up Deflexchange and

    Infrastructure that includes team recruitment, training, law

    Support, administration costs and development budget.

    ● 25% is used for deflex branding and marketing, including

    Promotion and further education of Deflex and Blockchain

    Innovation in industrial media. Adequate budget for different things

    Advertising measures to make Deflex popular with people

    Attract investors and active users to the platform

    ● 10% is saved in an emergency or as a backup

    unexpected situations that may arise.

    Coin Deflex offers owners various options to take advantage of the platform. By using Deflex Coin when trading, users can save 50% of the cost. Another option is to put Defleks Coins on the platform and get some of the cost for yourself. Monthly burns also occur, reducing the supply of Deflex coins and thus the amount of DEF in circulation.

    Our tokens

    ● 50% trade discount

    ● deflation

    ● Passive income

    Coin Deflex offers owners various options to take advantage of the platform. By using Deflex Coin when trading, users can save 50% of the cost. Another option is to put Defleks Coins on the platform and get some of the cost for yourself. Monthly burns also occur, reducing the supply of Deflex coins and thus the amount of DEF in circulation.

    Token sale

    ● Token symbol: DEF

    ● Total Token Offer: DEF 91,000,000

    ● Total token stock sold: DEF 54,600,000

    ● Token exchange rate offered: 1 ETH = 1595 DEF

    ● Crowdsale Public Date: Start: March 20, 2020 End: April 10, 2020

    ● Hard Cap: equivalent to $ 4,500,000 in ETH

    ● Soft Cap: equivalent to $ 1,700 at ETH

    ● Minimum contribution: 0.1 ETH

    Assignment

    ● 60% – first coin offering (ICO)

    ● 35% – company funds

    ● 5% – founding team

    Use of funds

    ● 65% of the funds will be used to build up Deflexchange and

    Infrastructure that includes team recruitment, training, law

    Support, administration costs and development budget.

    ● 25% is used for deflex branding and marketing, including

    Promotion and further education of Deflex and Blockchain

    Innovation in industrial media. Adequate budget for different things

    Advertising measures to make Deflex popular with people

    Attract investors and active users to the platform

    ● 10% is saved in an emergency or as a backup

    unexpected situations that may arise.

    60% – First coin offer (ICO)

    35% – corporate funds

    5% – founding team

    65% of the funds are used to build the Deflexchange and infrastructure, including recruiting teams, training, legal support, administrative costs and development budgets.

    25% is used for deflex branding and marketing, including advertising and training through deflex and blockchain innovations in the media industry. Adequate budget for various advertising activities to make Deflex popular with investors and to attract active users to the platform

    10% is saved as a backup to deal with emergencies or unexpected situations.

    August 2019

    Concept development & development

    The international team starts working on the platform.

    December 2019

    White paper publication

    Website publication

    January 2020

    MVP release, ICO planning and preparation begin

    Our MVP will be available on our website

    March 2020

    The coin offering starts on

    May 2020

    Deflex Beta launched

    Beta tests will be open to the public.

    Open deposits and withdrawals. Trading begins.

    Q2 2020

    Deflex 1.0 launched

    Network expansion

    Website: http://www.deflexchange.com/

    Whitepaper: https://drive.google.com/record/d/1m2JDtqHLpmUHfy795EWBQu7VYIoACnTJ/view?usp=sharing

    Twitter: https://twitter.com/deflexchange

    Message: https://t.me/officialdeflex

    GitHub: https://github.com/deflexchange

    Reddit: https://reddit.com/r/deflexchange

    Disputes: https://discord.gg/QUyd4Ph

    Ann Link: https://bitcointalk.org/index.php?topic=5227059

    Username mirakuru79

    Link: https://bitcointalk.org/index.php?action=profile;u=2583798

    Source: cryptonewmedia.press

    By Butalik

    Deflexchange - mirakuru 79 - Medium ⋆ Crypto New Media

    Solana (SOL) Price Soars More Than 300% Following Binance Listing And Other Major Announcements

    Traders of SOL, the native cryptocurrency of the Solana blockchain platform, must be in a great mood as the price of the coin has surged by more than 300% in the last 24 hours. The reason for this is the recent listing on the Binance exchange. 

    Being listed for trading on the world’s largest crypto exchange is a milestone for blockchain many projects, including Solana. 

    Binance first announced on Tuesday that it would list Solana (SOL) on its trading platform with zero listing fees. The cryptocurrency, however, is currently only available on the BNB market. 

    The exchange also launched a bounty promotion for the coin worth $50,000, where users can win up to $1,000 in SOL tokens by completing different tasks. 

    Solana was founded in 2017 by the former engineers of Qualcomm, Intel, and Dropbox. The project is a single-chain, delegated proof of stake protocol that delivers scalability without compromising decentralization or security. The Solana platform claims it can handle up to 65,000 transactions per second without sharding. 

    The project has reportedly raised over $25 million from several investors like Multicoin Capital, Foundation Capital, Distributed Global, Blocktower Capital, NGC Capital, and Rockaway Ventures.

    Solana recently partnered with decentralized oracle solution, Chainlink, to build an oracle that updates prices every 400 milliseconds, which it claims is incredibly faster than existing oracles. 

    Less than 24 hours after being listed on Binance, the price of SOL has surged above 300%, pushing the token to its All-Time-High (ATH) since launch. 

    SOL’s seed price was $0.04 while the auction price on Coinlist was cleared at $0.22. The project had touted a 90% price guarantee during its Dutch-style Coinlist auction for 8 million tokens last month. At the end of the auctioning, the project raised at least $1.76 million, but the recent surge must have increased the total balance. 

    At the time of writing, the cryptocurrency is trading at $0.8424 on Binance, leaving traders with at least 320% gains against the USD over the last trading session. 

    It’s also trading favorably against Bitcoin, as it managed to gain about 370% at the time of this writing.

    Binance Futures Limited Offer: Use this link to register & get 10% discount on fees (Exclusive to CryptoPotato).

    Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.

    Source: cryptopotato.com


    ETH/USD Price Analysis: $10 Ethereum will still be considered expensive in the future

    Previous
    Crypto newsThis Crypto Could Explode Over 100% If It Builds Confluence with Bitcoin
    Next
    Crypto newsLatest Cryptocurrency News
    Did the article help? Rate it
    1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
    Loading...
    Add comment

    Get Awesome Reviews

    Coins, exchanges, wallets, crypto games, crypto cards.
    Search for reviews and share your own experience.

    GO TO REVAIN