People have long been asking the question: What is the next Ethereum (ETH)? Maybe there won’t ever be a new Ethereum, but there are several coins that are close in concept, if not in price. Here’s why we put NEM vs. Lisk and why both are creeping up on Ethereum. NEM (XEM) Smart contracts are one of the best things about Ethereum. Binding, automatic, and no third-party hindrance. Just set up to your specifications and go. NEM has the Smart Asset. While a slightly different concept, a Smart Asset does allow for the customization of an Ethereum smart contract. The NEM Smart Asset allows you to completely customize how you want to use the NEM blockchain. Customization ranges from naming your space on the blockchain to individually naming Mosaics, which are the building blocks of Smart Asset
Cryptocurrency by Michael on March 14, 2018 New Economy Movement (NEM) is one of the few altcoins whose concept is to address all the inherent issues affecting cryptocurrencies such as Bitcoin. Issues such as scalability, energy consumption, ease of use, incentive to use, consolidation of power by miners and governance are what NEM seeks to address. NEM cryptocurrency whose ticker symbol is XEM is an open-source blockchain altcoin which was launched in January 2014. NEM is a highly versatile crypto solution which seeks to adhere to a host of mainstream industry requirements. Essentially, NEM is designed as a financial blockchain solution and can be used for payment, clearing and settlement in a private enviro...
Even though all cryptocurrency markets are on wobbly legs right now, some altcoins make positive ways at the same time. The NEM price, for example, is going up pretty nicely, thanks to a solid 9.13% gain over the past 24 hours. It is evident the currency still has a long road of recovery ahead as we speak, but things are looking up. Although no one will be surprised to learn the cryptocurrency markets have taken yet another overnight hit for no good reason, there are a few positive trends to take note of as well. More specifically, the NEM price is moving up quite nicely, even though it remains to be seen how long this trend can be maintained. As of right now, we are looking at a 9.13% N...
The bounce came and the bulls are back in charge again this morning. Many were wondering if the markets would fall to Feb 6 lows but they did not make it that far down. Bitcoin found support at $8,500 and has climbed back 4.6% to over $9,300 bringing the altcoins up with it. They are all recovering but one that is leading the way is Nano. Coinmarketcap reports that Nano is up over 34% during this morning’s Asian trading session. This altcoin seems to have wilder swings than the rest and is a bit more volatile. Trading at a low of $8.72 yesterday Nano is up to $12.24 today. Over the past week it has slumped 45% from just under $16 to yesterday’s low but has now rebounded stronger than the rest. Nano is the re-branded version of RaiBlocks, it has been in a general downtrend since its all
A monthly low was hit over the weekend as crypto markets continued to slide. This morning they have bounced back a little but are still largely trending downwards. Bitcoin has made gains in the past 24 hours of around 8% sending it back over $9,000 once again. Altcoins have been a mixed bag, some have rebounded while others are still floundering, and this morning’s top performer is Bitcoin Cash. Most of the altcoins are in the green during the morning’s Asian trading session however only a couple are double figures. Bitcoin Cash is one of them trading 11.3% higher than this time yesterday. BCH is currently trading at just over $1,100 (0.117 BTC) up from $989 (0.114 BTC) this time yesterday. Looking at the weekly chart however paints a bleaker picture as BCH is down 14% since last Monday
Markets have been pretty flat during this morning’s Asian trading session. Momentum in either direction has been elusive and Bitcoin has gained nothing on yesterday’s prices. Altcoins as a result are largely stagnant with only a couple showing solid gains. One coin that has taken off this morning and nudged its way into the top 25 is Binance Coin. Coinmarketcap reports that Hong Kong exchange Binance’s own coin, BNB, has exceeded a billion dollar market capacity and made it in to the top 25. It is trading almost 30% higher this morning from $8 yesterday to over $10 today. In terms of Bitcoin it has jumped a similar proportion from 88750 satoshis this time yesterday to 114500 sats today. BNB is a coin that Binance customers can use to pay for trading fees at a discount. It has been slowl
Most altcoins didn’t recover immediately as expected and even though most are, we shall remain neutral until after there is confirmation of our previous forecast. That might happen today and I’m particularly checking out Monero, NEO and Lumens which are reacting at key support lines. Lumens and LTC for example have been moving horizontally along $0.30 and $180 respectively for the past 3 days or so and this makes it possible that a break out might happen in the coming sessions. This is why I will be watching these two coins today. Let’s have a look at these charts: XLM/USD (Lumens) XLM/USD Bittrex Daily Chart for March 12, 2018The momentum on March 10 didn’t provide enough thrust to push Lumens prices higher as per our initial plan. Instead, what we are seeing now is a rebound and basic
LATTICE80, a Fintech Hub that has recently migrated its headquarters from Singapore to London, has announced its intent to launch Altcoin Futures. LATTICE80 expects to reveal details during Money20/20 taking place in Singapore this month. LATTICE80 is co-founded by Joe Seunghyun Cho, and is backed by his Hedge Fund Marvelstone Group. “Demand in the Crypto market is growing tremendously but properly structured products are not easily accessible tofinancial institutions and retail investors yet,” said Cho. “We are glad to announce our plans to launch World’s first Altcoin futures this year. We will continue to work with regulators, financial institutions and Fintech startups to bring more products to serve the market needs.” LATTICE80 said it will introduce Smart Crypto Indexes first, an
The markets just cannot gain any momentum at the moment and after a brief and short-lived rally yesterday they are mostly back in the red today. Bitcoin failed to break resistance at $10k and has fallen back closer to $9k. Altcoins have, as usual, slumped with it losing most of their gains over the past two days. There is only one cryptocurrency in the green during this morning’s Asian trading session and that is Nem. Coinmarketcap reports XEM trading 20% higher on the day. Last month was a bad one for this cryptocurrency as it lost over 50% of its value and was the worst performer in the top 25. Nem is showing some recovery now though and is trading at $0.42 up from $0.34 this time yesterday. In terms of BTC it is performing even better, up 26% to 4648 satoshis from 3676 sats the same
Of all the 5 alt coins under our radar, Monero and LTC have distinct accumulation characteristics after periods of lower lows. In my view, our key support lines especially in NEO is being tested and while the depreciation or breakaways are not yet visible, that might happen today if $85 is smashed. Let’s have a look at these charts: XLM/USD XLM/USD Bittrex Daily Chart for March 13, 2018After yesterday’s bear candlestick and relative swings over the last couple of days, Lumens prices are basically in an accumulation. The more prices oscillate like this, the longer the BB squeeze and the stronger the break out. Considering this boring technical development, our forecast remains the same and all we have to do is play the patience game as we wait for a possible break above or below. Of cour