Vilnius, 16 February 2018: Health and wellness app Lympo¹ has raised US$5.5 million in its pre-sale, which is a strong indication of significant demand for the company’s ICO, which opens today.
The Lympo platform is gaining significant support from the health and fitness sector as well as the Blockchain community.
Lympo has signed a raft of strategic partnerships in recent weeks, including an arrangement with Blockchain payment systems company Pundi X, which allows buyers to purchase products directly with their Lympo tokens (LYM).
Lympo CEO and founder Ada Jonuse said
Lympo’s partnership with Pundi X give us access to point-of-sales technology. Cryptocurrency users will be able to shop online and at stores or gyms through a system, similar to PayPass.
The Lympo token sale starts on February 17 and will be processed through Eidoo’s ICO engine, after the companies formed a partnership earlier this week.
Through the Eidoo app, users will be able to purchase LYM tokens and receive LYM airdrops in the future.
Ms. Jonuse said:
Joining forces with Eidoo allows Lympo to reach more than 150,000 users, promoting our token sale effectively. The Eidoo wallet also gives purchasers the best user experience for managing their Lympo tokens.
Lympo is a Blockchain app that allows users to track their fitness and mindfulness activities and goals through smartphones and wearables. Users are rewarded with LYM for meeting milestones, which they can redeem on health products and services.
To promote the app, Lympo has been actively forming partnerships with elite sportspeople, including current World Champion discus thrower, Andrius Gudžius – named as a Lympo ambassador this week.
Lympo also recently invited fitness trainer and crypto millionaire Jordan Travers to become an ambassador and appointed poker player, politician and philanthropist Antanas Guoga (aka Tony G) as head of its Blockchain for Sports Foundation.
The Sports Foundation backs sporting events and initiatives to promote healthy living. Lympo users can put their tokens into the Sports Foundation, actively giving back to the fitness community.
Lympo is also creating awareness by sponsoring major sporting events, such as the world’s first ever Blockchain Marathon to be held in Lithuania in September.
All of the 15,000 marathon runners involved in the event will be given LYM tokens for participating.
Ms. Jonuse said:Lympo is working hard at building a strong group of famous athletes, sporting leaders and crypto users to help drive the success of the app. We are disrupting the fitness market by allowing people to connect with health industries directly through the use of cryptocurrency.
The Lympo token sale begins on February 17. More information can be found at
ABOUT THE LYMPO APP
Lympo is a health and wellness ecosystem, with a wallet that rewards users with Lympo tokens (LYM) for sharing and achieving their health goals. It is part of a Lympo ecosystem for health and wellness data sharing including all industry players: personal trainers, gyms, sports and wellness businesses and health insurances.
By tracking health-related data on smartphones and wearables, Lympo aims to build healthy lifestyles and grow the Lympo community. Tokens earned can be used to pay for fitness, wellness and other health-enhancing products and services.
When users sign up to the system, they will be able to aggregate and later monetize their health and sports data, allowing them to interact with health insurances, sports and wellness businesses and employers who want to encourage their staff to remain healthy.
ABOUT LYMPO BLOCKCHAIN FOR SPORTS FOUNDATION
The aim of the Lympo Blockchain for Sports Foundation is to support sporting events and initiatives around the world while promoting the Lympo app and encouraging healthy lifestyles.
Some of the Lympo tokens will be reserved for the Sports Foundation, which will be overseen by a board made up of famous athletes, Lympo partners, and leaders in sports communities from various countries.
Lympo token holders owning a considerable amount of tokens will be invited to vote on funding proposals.
ABOUT PUNDI X
Pundi X provides a point-of-sales system for retailers, allowing anyone who has cryptocurrencies to buy products through the Pundi X system. It is currently being rolled out across 12 countries.
Eidoo provides an ICO engine to cryptocurrency companies to sell their tokens through a mobile app that is both Android and IOS friendly. The app allows for a transparent, safe and quick token sales process.
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Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely
- There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar.
- The price is holding the $10,000 support and it could bounce back in the near term.
- There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
- The price could dip in the short term before it starts a fresh increase above $10,500 in the near term.
Bitcoin price is showing positive signs above $10,000 against the US Dollar. BTC could rise steadily as long as there is no close below the $10,000 support area.
Bitcoin Price Weekly Analysis (BTC)
In the last weekly forecast, we saw bitcoin price holding the key $10,000 support area against the US Dollar. The BTC/USD pair climbed higher and traded above the $10,000 resistance area. Moreover, there was a break above the $10,800 level and the 100 simple moving average (4-hours). However, the price failed to continue higher and topped below the $11,000 resistance.
A swing high was formed near $10,954 and recently the price started a fresh decline. It broke the key $10,500 support area and the 100 SMA. Moreover, the price spiked below the $10,000 support area. Finally, a swing low was formed near $9,903 and the price is currently correcting higher. It broke the 23.6% Fib retracement level of the last decline from the $10,954 high to $9,903 low.
However, the upward move is facing hurdles near the $10,400 and $10,500 levels. Additionally, the price is also struggling to climb above the 50% Fib retracement level of the last decline from the $10,954 high to $9,903 low. If there is a break above the $10,450 and $10,500 levels, the price could continue to rise. The next key resistance is near the $10,800 level.
On the downside, there are many supports near the $10,100 and $10,000 levels. Additionally, there is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair. If there is a downside break below the trend line and the $10,000 support, the price could resume its decline.
Looking at the chart, bitcoin price seems to be consolidating in a contracting range below the $10,500 resistance. It might soon break the $10,500 resistance and continue higher. Conversely, a downside break below $10,000 could start a strong decline in the coming sessions.
4 hours MACD – The MACD for BTC/USD is slowly moving back into the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently stable above the 50 level.
Major Support Level – $10,000
Major Resistance Level – $10,500
Bitcoin Price Stays Over $10K as Trader Warns Ethereum Chart Is ‘Ugly’
Bitcoin (BTC) price was consolidating $10,000 support on Aug. 23 after successfully shunning four figures during the day’s trading.
Market visualization. Source: Coin360
Bitcoin delivers firm bounce off $10K
Data from Coin360 show a newly strengthened Bitcoin managing to stay above the $10,000 marker, which it had crossed four times over the course of the week.
Currently in the upper end of a $300 trading corridor, BTC/USD circled $10,200 at press time, as analysts considered the opportunities ahead for fresh gains and less bearish volatility.
Bitcoin 7-day price chart. Source: Coin360
“The trend toward stability, an essential ingredient in a median of exchange, is accelerating Bitcoin’s advancement as a digital form of gold,” Bloomberg quoted its own Intelligence analyst, Mike McGlone, as saying on Thursday.
Sentiment had waned earlier after Bitcoin appeared to be heading broadly lower. Analysts voiced concern about support, arguing a further loss could trigger dives to as low as $7,000.
“In the short term, I’m a little bit cautious,” CNBC’s active Bitcoin bug Brian Kelly told the network on Friday. He added that at future lower levels, the buying opportunity for BTC accumulators was unparalleled.
“When people start saying ‘Is Bitcoin dead again?’ — that’s when I get real bullish,” he added.
Altcoins rally but Ether worries loom large
A Bitcoin breakdown was also still on cards for regular commentator Josh Rager, but for the short term, it was top altcoin Ether (ETH) which presented more worries.
Heading a troubled altcoin market, ETH had circled multi-year lows against BTC before rising above 0.019 on Thursday. For Rager, however, the general trend is down, and he advised not to buy under current conditions.
“If BTC breaks down to $8ks, ETH will follow with a break under $150,” he summarized in a fresh update.
“ETH chart is ugly,” he added.
ETH/BTC briefly outperformed BTC/USD in daily progress Friday, rising 3.7% to $192 against the latter’s 2.8% gains.
Ether 7-day price chart. Source: Coin360
Other altcoins in the top twenty meanwhile delivered even stronger performances, such as Bitcoin Cash (BCH) on 5.35% and EOS (EOS) on 6.8% daily gains.
The overall cryptocurrency market cap also staged a recovery versus Thursday, rising to $266 billion. Bitcoin’s share dipped slightly to 68.4%.
Crypto Inflation Figures Show Why Bitcoin is King Above Others Like ZEC and XRP
The high inflation figures for altcoins like ZCash (ZEC) and XRP are providing yet another basis for the “bitcoin is king” argument.
Indiscriminate Dumping Hurting Altcoin Value
Tweeting on Friday (September 13, 2019), economic and crypto analyst, Alex Krüger highlighted the relationship between high inflation figures and poor price performance for certain altcoins.
Krüger’s tweet was based on figures published ViewBase — a platform that provides information on ‘coin’ dumps.
Whether by fixed or fluctuating schedules, altcoins like ZEC and XRP are showing significantly higher inflation figures. ZEC, for example, currently has an annualized inflation rate of more than 35%.
More than 7,000 ZEC tokens are ‘minted’ per day. This figure amounts to about 0.098% dilution of the circulating supply, much higher than cryptos with daily coin additions via mining.
Earlier in the year, Zcsh disclosed an inflation bug that was capable of creating an infinite number of tokens.
On the fixed inflation end of the spectrum, Ripple releases 1 billion XRP every quarter. XRP has an annualized inflation of close to 30%.
As previously reported by Bitcoinist, some XRP proponents have expressed displeasure with the constant dumping of the token by Ripple.
Earlier in the week, the company transferred 100 million XRP (about $26 million) to former CTO Jed McCaleb sparking fears of more sell-offs.
Bitcoin is Separate from the Rest
For bitcoin, the situation is completely different, with the top-ranked cryptocurrency sporting an inflation rate of 3.97%.
After the 2020 halving, this figure will be cut in half taking bitcoin’s inflation even lower than the current Federal Reserve interest rate.
Compared to bitcoin’s lean inflation figures, altcoins like ZEC and XRP seem like penny stocks whose value is constantly declining.
Bitcoin is up more than 170% since the start of the year while ZEC and XRP have moved over 25% in the opposite direction.
Together, XRP and ZEC are among some of the worst-performing cryptos of 2019. Altcoins, in general, have endured a miserable 2019, continuing the pains for bag holders from 2018’s bear market.
Meanwhile, commentators are calling a new all-time high (ATH) for bitcoin before the end of 2019. The emerging consensus is that the price action for the top-ranked crypto has entered another zone of parabolic advance.
Thus, a move for BTC towards its previous ATH would mean a further leg-up that could go as high as $30,000 in 2021.