Review of EOS Cryptocurrency. Forecasts, Latest News and Predictions of Analysts

EOS

New promising coins enter the market every year, and their developers promise to change the world. If you analyze new cryptocurrency projects carefully, you can see that some of them have a really huge potential. One such project will be discussed in our today’s article. So, the EOS coin: a new global computing platform with a huge bandwidth that is capable of “killing Ethereum” or another scam? Let’s find out.

Contents:
(please, click the topic to scroll down to it)

  1. The main characteristics of EOS
  2. Forecasts for EOS cryptocurrency
  3. EOS news, investments in the second half of 2018
  4. Conclusion

1. The main characteristics of EOS

EOS was one of the most memorable and high-profile ICOs in 2017. The project attracted $465 million of investment during the first stage of token sale, which was an absolute record for the last year. The ICO was finished in the summer of 2018 with the record $4 billion.

The platform is built on the Ethereum blockchain, but it has few similar characteristics. Although EOS functions on the blockchain of Ethereum, it has a number of fundamental differences from its “older brother”. One of the key differences is the availability of the EOS confirmation method Proof-of-Stake. We remind you that Ethereum is only planning to abandon Proof-of-Work, but nobody knows when it is going to happen.

2. Forecasts for EOS cryptocurrency

The main purpose of EOS is to support decentralized commercial applications. The platform has a wide functionality for developers of third-party applications. This is, in fact, a new OS for blockchain projects. The platform has all the prerequisites for scaling, since its mechanism can provide hundreds of thousands of transactions per second. This aspect is the “Achilles’ heel” for the vast majority of blockchain projects. EOS has a visible advantage over key players in this field.

However, we can not truly evaluate this platform, because the system was launched just a few weeks ago. The development team promises to implement a fully working version of the platform in the second half of 2018, that is, we have to wait for a while.

If the development team manages to realize all its ambitious plans, then EOS has every chance to replace Ethereum. At this point in time, the coin occupies the 5th place in the Coinmarketcap rating with a capitalization of $7.2 billion, with the price of about $8. It is worth noting that we see an increase of 800% on the annual chart, this is given the current deep correction of the market. The coin should show good dynamics this year, but the full potential of the EOS project will only open in 1-2 years. Therefore, analysts advise buying a coin exclusively for long-term and give a pretty bright forecast to EOS for 2019-2020.

But you should not expect for the rate of this coin to be $500-$1000, as Ethereum’s, as it is hampered by the total number of tokens. The emission of the coin is limited, but its total number is 1 billion pieces. For example, this number is ten times smaller for direct competitors (NEO and Ethereum), which makes them more limited, and, therefore, more valuable.

3. EOS news, investments in the second half of 2018

We remind you that the EOS main network was launched on June 9, 2018. Immediately thereafter, the arbitrators decided to freeze transactions for 27 suspicious wallets. This caused a stormy reaction in the cryptocurrency community, the question of the immutability of the blockchain and the fight against centralization was raised. Literally a couple of weeks after that, the project’s main inspirer Dan Larimer said he intended to change the EOS constitution and restrict the rights of arbitrators. To do this, it is necessary to vote among the token holders, and only 120 days after this, you can proceed with the change of the main project document.

The abovementioned small scandals do not interfere with the project plans to achieve the set goals on time. The network is running, the developers do not sit still, it helped the coin take the honorable first place in the rating of the China Electronic Information Industry Development. By the way, Bitcoin took only the 17th place in this rating.

Should you invest in EOS now or not? There is no clear answer to this question, otherwise, people would simply read the forecast, invest into the favorites and drink cocktails in Monaco after a year or two. But in all seriousness, the fundamental reasons for the growth of this coin are certainly there. But do not forget that the cryptocurrency market can sometimes be, to put it mildly, not entirely rational. There may be force majeure circumstances that prevent the team from implementing its plans or a new, more technological product will appear on the market. Calculating all the variables in this equation is simply impossible.

Perhaps, the right decision might be to buy EOS only for a long-term (1-2 years). And, of course, it is necessary to follow the rule of financial asset diversification. If you form your investment cryptocurrency portfolio, the share of EOS should not exceed 2%-5% of the total investment in the industry. You can store coins both on stock exchanges and on the multicurrency Exodus wallet. The first option is not entirely suitable for safe long-term storage, so it’s better to use a hot or cold EOS wallet.

4. Conclusion

The startup EOS has made a lot of noise in the cryptocurrency community in 2017, having collected $465 million in the first stage of the ICO. EOS is a platform for developing blockchain-based  applications. It is built on the blockchain of Ethereum. The main advantage of EOS over other projects is the declared bandwidth of the network. According to the developers, the system is capable of processing hundreds of thousands of transactions per second. The project has every chance to replace Ethereum and become the new favorite platform of the industry.

If you are going to invest in EOS, then it might be better to regard this asset for a long term, since it will be possible to fully realize its potential in only 1-2 years.

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TOP 5 Most Convenient Applications To Use And Work With Cryptocurrency

Cryptocurrency is one of the most promising and growing industries in our modern world. It is becoming more and more valuable to our society, as well as to the nations’ economies and banking systems, since people prefer more convenient ways of trading and transferring money. We therefore offer you to look at top 5 apps that the most convenient in using and working with crypto.

1. Keymano

Keymano is a top wallet that provides a customer with a myriad of opportunities. It’s very convenient, fast and secure. Managing crypto or fiat money through Keymano wallet is easy. Using Keymano wallet anyone can sell, buy or send crypto on the go. It is user-friendly and straightforward.

Connect Keymano Card and Wallet to get even more functions. This Card allows you to make payments online and in-store. Moreover, the user can withdraw cash at any ATM terminal.

Keymano is a fully-featured product which not only simplifies managing crypto but also creates more ways to use it. With Keymano any transaction (from buying coffee to money exchange) is simple and always available in any part of the whole world. Having Keymano you can:

  • pay with crypto in any part of the world;
  • pay with BTC, ETH, etc;
  • manage multiple currencies in one App;
  • pay online or in-store using Keymano Card.

2. 365Сash

365Cash is a platform that provides services to users in different countries by organizing P2P transfers of digital assets. By the time of publication, the platform overcomes 850,000 cryptocurrency swaps. Such a big number extols this platform over others on the market. The service also possesses the following features:

  • Its own large ecosystem which uses nodes for cryptocurrencies and works automatically.
  • The most favorable rates for customers. The service earns on the difference in sales rates due to a large flow of customers and hedging the risks of cryptocurrency fluctuations.
  • Fully automatic system of receiving and paying funds to customers using the most popular payment system in Russia – Qiwi.
  • In future, it is planned to expand the pool of available cryptocurrencies.

3. Quppy 

Quppy is multicurrency payment system with unique cross-platform applications.The wallet provides users the ability to share crypto assets via different accounts inside one single wallet as far as within a decentralized storage system. By the end of the month, users will be able to withdraw money in euro. The platform also have some interesting features:

  • Sharing all your crypto assets through various accounts on one single platform.
  • Superior security for users based on blockchain technology.
  • Fast cryptocurrency exchange and instant transactions;
  • Multicurrency support including Bitcoin, Bitcoin Cash, Litecoin, etc.
  • Integration of Nexo – a service of the world’s fastest instant credit.

4. Chatex

Chatex is a platform that makes transfers, exchanging or paying for goods much more easier for every customer. Cryptobanking facilitates access to the use of cryptocurrency for those who have never had a cryptocurrency wallet and who do not want to understand difficult passwords, 12 words, etc. The service eliminates the possibility of loss of big passwords or phones, since it allows you to regain access during a personal appearance to the certification center. Unique feature are:

  • The wallet is protected by an additional PIN-code and in exchange transactions between people.
  • Instant internal transfers without commissions. Instant purchase with any VISA/MC.
  • Respond quickly to digital assets management requests from your smartphone.

5. Waves

Waves is revolutionary mobile app which enables users to connect to the network and make transactions. It is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set that includes a crypto wallet, the Waves DEX, and fiat gateway. The biggest advantages of the platform are:

  • All traffic is encrypted, hence privacy and security are fully provided. Private keys never leave users’ smartphone and are never exposed to the web.
  • Supporting Face ID, Touch ID and Fingerprint scanning.
  • Trading on DEX, with the great tools and charts, it provides access to fiat and crypto gateways, so the customer can deposit, store, trade and withdraw other assets.
  • The customer can send tokens to one’s address book contacts, lease one’s WAVES, receive warnings about suspicious tokens and burn any spam assets he/she doesn’t want.

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Baksman: Fast And Instant Cryptocurrency Exchange

Trading is nothing without buying and selling, the same goes to cryptocurrency. Thousands of crypto related people conduct tens of transactions every day. What do they need most? Of course, it is a fast and instant exchange – Baksman. So, let us dive into the speed and accuracy of the best exchange across the Europe and Asia.

Advantages of the Baksman exchange

Baksman is a crypto platform which provides exchanges in all the most demanded directions, if the customer is not satisfied with the proposed ones, the platform is ready to separately consider other fronts. The Baksman exchange is the official partner of the payment systems, such as PerfectMoney, ADV cash, Payeer, Capitalist. Their capabilities include working in rare directions like ePayments services, banks of Kazakhstan and it is not the limit. The service is constantly improving and upgrading its functionality. The platform is able and is ready to provide individual support for a client.

One of the biggest advantages of Baksman is a non-stop work. The exchanger works 24 hours a day and 7 days a week. The average processing time for transactions takes 5-15 minutes. More importantly, the technical support is always online and ready to answer any questions; the assistance is provided regarding to the functional wallets and other systems. Thus, no matter problem you have met, you can easily find to solve it.

In order to make the customer even more satisfied, the Baksman team has developed an app on the Android and IOS platforms, which can be downloaded and installed on a smartphone.

For EXMO Exchange users, the platform has allocated a separate direction of EXMO codes with the top list of cryptocurrencies. Users do not need to send funds to the network to transfer them and wait for confirmation of the transaction in the network, he/she just should create an Exmo code and transfer it to the service for exchange. It is very convenient and fast.

Comfortable Coin Converter

The platform offers you an extremely convenient calculator estimating how much you get if you spend a particular sum of money or crypto. The service provides options for:

  • 24 crypto coins, like Bitcoin, Ethereum, Litecoin;
  • 20 EPS, including Yandex Money, QIWI Rub;
  • 16 banks, such as Raiffeisenbank, Alfa Bank, Tinkoff.

Stylish design and fast calculating will make your experience of exchanging assets unforgettable.

Referral Program and Discount System

The project offers its partners a referral program which includes two layers giving the opportunity not only receive income, but attract referrals. If the user refers to the first level of referral, he/she will get 0.6% of the turnover, if second level, the income payment will accumulates for 0.2%. All you have to do is to become a partner Baksman and you will get your revenue.

In addition, Baksman has developed a discount system. What is more pleasant, that it is cumulative. Its value is determined by the total amount of operations performed by the participant for the entire time of using the resource.

If you still hesitate, please, follow the link and find more information about this exchange.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Top Global Digital Agencies That You Can Entrust Your ICO Business To

We live in an amazing time, when each of us is able to realize any idea or at least try to do it, even if it is ICO. A startup needs a high-quality development and a launch plan, as well as good promo both online and offline. If you are just at the beginning of your long business journey or you are somewhere along the way, but your project is “not working” properly, you should consider collaborating with professionals in this field. Today we will talk about top-5 digital agencies from different parts of the world based on various ratings and case studies.

1. Crowdcreate – #1 developing marketing agency 

According to Forbes, this ICO agency from Los Angeles is one of the leading cryptocurrency service providers. Crowdcreate has helped more than 60 projects raise about $133 million since its was founded in 2014.

What do they do?

  • Organize a fundraiser;
  • Build a community and management;
  • Attract users;
  • Use influencer marketing, i.e. promote projects with the help of popular opinion leaders.

3 reasons to work with Crowdcreate:

  1. They work on popular online platforms such as YouTube, Reddit, Telegram, Twitter and are featured in well-known media outlets: CNBC, Bloomberg, Forbes.
  2. Crowdcreate has a full-fledged marketing team: the client receives all the necessary services in one place;
  3. They have been working since 2014, which means that the team is at least more experienced in the field of cryptocurrency than other agencies on the market.

2. ICO Box – Box solution for conducting ICOs/STOs

According to The Media Shower, the digital agency ICO Box is ranked second in the Best ICO Marketing Agencies rating.

ICO Box began its work quite recently, only in 2017, but quickly became the leading representative of ICO marketing services in the industry. The agency goes beyond just marketing and includes web development, legal and technical advice in the list of services.

What do they do?

  • Provide technical support for the project;
  • Provide legal advice from experts;
  • Attract users;
  • Digital marketing.

3 reasons to work with ICO Box:

  1. The agency collected over $650 million of investments for 100+ of its clients;
  2. ICO Box assists projects in accordance with US regulations;
  3. Services are divided into many basic and additional packages, which allows the client to choose the type of cooperation he/she needs.

3. FoxTail – changing the digital marketing industry

FoxTail Marketing ranks the 4th in the top-10 rating of Bitcoinist for 2018. This is an American digital agency with a list of successful ICO campaigns. FoxTail Marketing also provides lead generation services for medium-sized businesses. Unlike many agencies, it also provides regular marketing services to companies outside the ICO market.

What do they do?

  • Customize search engine optimization;
  • Social networks;
  • Content marketing;
  • Blog management;
  • Paid content promotion;
  • Email management;
  • Conversion optimization;
  • Optimization of sales funnel;
  • B2B lead generation.

3 reasons to work with FoxTail Marketing:

  1. It focuses on social media and content marketing;
  2. It helps to increase traffic conversion without relying solely on SEO;
  3. It works not only with ICO-projects.

4. BoomICO will raise money for your ICO/STO

This company is the representative of Ukraine among the other marketing agencies in our rating. BoomICO does not just “pack” your ICO, but works with the project since the birth of the idea itself.

What do they do?

  • Legal and technical support of STO/ICO

The defining moment in each ICO is the creation of a token with all legal aspects taken into account. Professional lawyers and technical programmers will help you understand this and prepare everything.

  • Roadshow Event Service

Venture investors are still looking for worthwhile projects with original ideas. BoomICO helps your ICO find big players.

  • Marketing with accredited American investors

BoomICO will present your product to more than 8000 accredited investors by contacting them by email or phone.

  • Promotion at ICOPantera

Korean market whales will become more accessible through the ICO review blog #1 in South Korea.

3 reasons to work with BoomICO:

  1. It has successfully conducted more than a dozen ICOs with the total capitalization of $50 million, some of them being Alttex, RAcoin, and Buddy.
  2. The rating of the agency on ICObench is quite high – 33 points.
  3. BoomICO has access to Korean and US markets, which is rare for most marketing agencies.

5. Black Ball – an investment agency

The company Black Ball works with various projects, attracting both cryptocurrency and fiat investments.

The agency prepares projects no matter what stage of development they are at. Black Ball has a lot of experience working with private and institutional investors from different parts of the world, which makes it possible to promote startups quickly and efficiently.

What do they do?

  • Develop a technical document – WP;
  • Make up a business plan;
  • Prepare a presentation;
  • Work on the creation of an adaptive cross-browser site;
  • Develop smart contracts;
  • Create a secure personal account of the investor;
  • Increase project awareness through branding;
  • Make representative videos;
  • Provide legal support.

3 reasons to work with Black Ball:

  1. The ability to get all the elements of “packaging” in one place;
  2. You will be able to replenish the list of the 38 successfully completed projects and 121 million collected investments;
  3. With Black Ball, you can start working at any stage of the development of your project, even if you only have an idea for now.

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Weblium: A New Website Builder That You Need in 2019

The development of websites is somewhat similar to real estate: despite a number of new buildings, developers are actively generating their business, and are still working in one of the most demanded niches in the market. The same can be said about the websites: there are millions of them, but the number of people willing to make a high-quality platform for their projects does not diminish at all.

That is why the representatives of website designer which contains new features and is able to help various businesses in this difficult tasks are entering the online market.

A newcomer with a “story”

The times when the website could only be created on WordPress are long gone. Therefore, these days website designers are more likely to take part in the “tech arms race”, and try to become more convenient for the client than the competitor.

“We created Weblium, trying to solve the problem of existing market leaders. New website builders today obviously have a technological edge in front of market leaders,” the entrepreneur David Brown, CEO of Weblium, says.

According to the creator of the new platform, the technologically outdated predecessors no longer satisfy the requirements of advanced and experienced users. Today, having a simple and beautiful site does not make any sense, because you need to take into account the requirements of search engines, download speed and security.

From idea to implementation

Weblium is rather not a classic website builder, but more a website helper. The platform not only allows you to create a website yourself, but also to do it from a design point of view “as it should be”.

The first version of Weblium was launched by developers in 2017, introducing the product in the do-it-for me mode to the world, which helps to create “simple, but at the same time tech-friendly, fast and secure sites”.  That time the team realized that users, in addition to high-quality usability, need freedom of creativity, which falls within the framework of a modern adaptive site. And the creators have provided them this advantage in Weblium 2.0.

Gaining momentum

Such a “false start” for Weblium, in consequence, only added the chances to “finish first in the race of technological weapons.” The release of the first version of the sitebuilder allowed us to fix errors and inaccuracies in Weblium 2.0.. Moreover, the developers have spent a huge amount of time and money on the development of artificial intelligence. The patented AI Design Supervisor became a bright business card of the website designer at the beginning of 2019. It is this function that will not let you create a poorly designed project. Personal AI-designer helps to choose compatible colors, fonts, determine the ideal indents, correctly position of all the elements on the site so that they look equally good on any screen. In a word, it helps to avoid design mistakes for those who are far from this sphere.

What does Weblium offer besides AI?

1. Always perfect layouts

No matter how many elements you have in a block, 5 or 50, your website will still look appropriately on any device.

2. Works with any blocks

You can use a block from any template in your website, even if it is not selected as the basis for creating a website.

3. UI-kit is not a smart phrase, but your smart assistant

Smart UI-Kit is one of the components of AI. It allows you to select color schemes, fonts, styles of elements, and apply them in one click to the entire site instead of doing it manually.

4. Without errors

We all make mistakes when writing a text, and this is normol. Here it is, if we wrote this phrase in Weblium, then it would definitely not have missed this.

In addition, the website builder adapts to any device. At any stage of creating a site, even if you need to make it from scratch, Weblium will help you with this.

At the moment, Weblium is actively collecting requests for creation of a new functional, and so far everyone insists that the ability to hear the end user is the very key to a good product.

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Interview with Marco Robinson: Bitcoin is the Best Performing Asset of All Time

Nowadays pretty much everyone has an opportunity to become a successful entrepreneur and investor. With the emergence of cryptocurrency and blockchain, perhaps it has become even more accessible.

Today, we invited to talk Marco Robinson a man who not only managed to become a world-famous investor, but also created a number of successful projects. An Award Winning Entrepreneur, Prime Time TV Star, Philanthropist, #1 Bestselling Author, Winner of the iProperty People’s Choice Awards Best Real Estate Company, World Renowned Property Investor, and Restaurateur he knows how to make money work for you better than anyone.

Hello, Marco. First of all, let’s discuss your success as an investor. At what point in your life did you start investing in real estate, and why this particular area was one of the first you chose?

I first invested in real estate fairly late in life at 40 years old after I had a great business success and had quite a bit of money I didn’t know what to do with.

It was an interesting time in 2009 as it was the subprime crisis, I discovered properties were very cheap especially in the USA, and I found that fascinating so I started to study what made Real Estate go up and go down and wondered why this happened continually…I got so into this I decided to write a book about property cycles and what made them do that and I developed an algorithm based on four main drivers that triggered property price increases, they were:

  1. Cycles (economic cycles) for example in the UK there is a proven 18-year cycle
  2. Population growth. (Rent prices and property increased basically supply and demand.
  3. Structure plan. (What they are gonna build in the area, for example, new manufacturing, schools, etc)
  4. Local and individual property taxes & including friendly states and governments (some taxes are so high you can easily get negative cash flow)

When did you first learn about the blockchain technology, and how did it help you in the development of your projects?

I was introduced to Bitcoin in 2015.

I saw as a real threat to the banking system which I liked very much and after some detailed research discovered it was a genuine reaction, I felt, to the US sub prime crisis which made 40 million people homeless. I loved the security of it and especially it’s decentralization, that it could not be shut down and the founder very cleverly could not be identified.

I was also looking for a loyalty solution to connect all my businesses including my restaurants, my cosmetics, my property, my travel, my education and film companies, a currency everybody could use that I could keep within my own eco-system, so I could keep my clients loyal and grow my client based with the best value proposition in the market place. That currency I created is called NAKED DOLLARS and is now listed on LATOKEN.

Besides NKD, what do you think about investments in cryptocurrency in general?

It’s a brand new sector and to be frank not even the end of day one yet. A lot of cowboys presented a fabulous whitepaper in 2016 and 2017 and made a fortune off speculation…2018 saw a massive correction and the crypto market lost 80% of its value in one year because of this and because not many people had a real product.

It is here to stay, only just yesterday JP MORGAN created their own cryptocurrency, governments are creating their own, they have to as the FIAT CASH currency system is not sustainable, a new debt system has to be created or the majority of the world will go bankrupt.

Bitcoin is the SAFEST currency in the world, it cannot be hacked, it has no founder, no company, no office, and no assets, yet it is the best performing asset of all time increasing 350,000% in ten years! You cannot ignore it at all!

Are there any startups in the cryptocurrency world which you have invested or would like to invest in?

There are very few I would because of the losses in 2018. New projects don’t just have to have great technology, they must have great founders with great track records in business and great profiles in terms of influence.

How do you feel about buying, for example, real estate for Bitcoin?

I’d rather keep the bitcoin it gives a higher return potentially. I would rather use other cryptocurrency like Ethereum to buy real estate.

However I also use a profit strategy, so when I make great profits in bitcoin I will buy real estate as real estate gives me great cash flow.

In what areas, do you think, the use of blockchain technology is necessary?

I think it’s critical in pretty much every industry to prove the origins of each product or service and the security of it, especially in supply chain businesses such as gold and diamond mining to supply to make sure they are not conflict diamonds etc. I also love the adoption to health and medicine, for example, if someone has an accident one drop of blood or even a thumbprint can track the entire medical history of that person in seconds and the perfect medication can be administered!

You are a well-known philanthropist and are famous for your good deeds for the homeless and the needy, because you know very well what it feels like to not have a home. Let’s talk about an 18-year-old teenage mother Holly, a part of the TV Show “Get a House for Free.” Have you thought about not just “giving a fish” to people, but also trying to “teach people to fish”, that is, to give the needy the knowledge of how to “get back on their feet”?

I’m already now doing that with FREEDOMX, www.freedomxmovement.org where I have created a new charity social impact program where the victims of homelessness are rewarded on a merit based philosophy: “I help you if you help someone else” this is CONDITIONAL ALTRUISM, so we only help them if they want to be helped and IF they want to be microfinanced for a coffee shop on a bicycle, for example, they have to be certified and trained which lowers risk and creates a new economy for people to thrive in.

In what areas besides real estate, restaurant business, TV-shows would you like to or plan to realize yourself?

I’m making my first Hollywood movie “legacy of lies” next month, I helped fund the whole movie and my profits will be going to help the homeless

You can see the trailer here:

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How To Read Trading Charts

Cryptocurrency exchanges work on the same principle as traditional exchanges. Potentially, it is possible to earn very good money on these platforms, but for this, it is needed to be able to correctly read the cryptocurrency coin chart. Of course, in order to become a professional trader, it needs to learn and practice a lot, but if your goal is to understand the basics, this article will be an excellent starting point in the exciting world of trading for you.

There are a huge variety of different charts, but the most common is the “Candlestick chart”. The chart is a much more informative tool than digital or text analysis. Using graphics, it is possible to quickly navigate and understand the current mood of the crowd, as well as the balance of power between sellers and buyers of a particular asset. Based on the obtained data, it is possible to calculate the potential profitability or unprofitability of a particular deal.

1. The main types of stock charts

As it was mentioned above, there are a huge number of different types of charts, but the main ones are lines, bars, and candlesticks. All of these tools (with the exception of the line charts) can tell about:

  • price at the beginning of the selected period (1 minute, 5 minutes, 15 minutes, 1 hour, 1 day, 1 week, etc.);
  • price at the end of the selected period;
  • the minimum and maximum rate of the selected period.

By and large, the crypto chart clearly shows the history of the struggle between bulls and bears. In the process of this confrontation, a large number of deals are made. It should be understood that even a slight fluctuation of the price means that some have already earned on it, while others, on the contrary, have suffered losses.

2. “Candlestick chart”

Let’s take a closer look at the most common version of charts, namely “Candlestick chart”. It was invented almost 400 years ago by a rice seller from the country of the Rising Sun. The process of observing a line chart is not entirely convenient; for this reason, the construction of “Candlestick chart” is based on the principle of dividing the total time into specific periods. This principle helps to quickly navigate what is happening on the market and, accordingly, to give the Bitcoin trend prediction or any other financial asset forecast.

3. How to read the chart “Candlestick chart”?

One candle represents the range of prices for an asset for a certain period of time. The boundaries of the candle are the lowest and highest asset price in this period of time. If the candle`s color is green, this means that the asset has increased in value over a given period of time; if it is red, then, on the contrary, it has fallen.

Source: https://www.tradingview.com/

If you look closely at the above chart, you will notice:

  • the candle corresponds to the time interval – 60 minutes;
  • the minimum asset price was $3485,24;
  • the maximum asset price was $3733.58;
  • This hour began with a price of $3506,42 and ended with the price of $3687 (for this reason, the candle is green).

The main parameters that should be paid attention to when reading cryptocurrency charts are:

  • asset price;
  • time;
  • trading volume.

By and large, the entire analysis of charts is an ordinary calculation of the balance between supply and demand. It is possible to estimate the level of the strength of bulls or bears through the asset price (vertical axis) and the volume of transactions (horizontal axis). These skills allow experienced traders to take the right position in advance and earn money on any price movement.

4. Conclusion

In this article, we talked about how to read cryptocurrency charts. As it was mentioned above, there are a huge number of different types of charts, but the most popular and often used is the option “Candlestick chart”. The basic principle of this type of charts is to divide the time into certain periods. It is quite informative and easy to read. If you want to start trading, then you definitely need to get a deeper understanding of this topic.

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