ETC is trying to attain some visibility from Berlin for the first time. But are they going to succeed with the same? Maybe today’s analysis will help in understanding if the valuation has improved because of the same.
Current Statistics of Ethereum Classic:
- Market Ranking: 18
- Return on Investment: 703.20%
- Total supply/ Circulating Supply: 112,882,800 ETC/ 112,882,800 ETC
- 24 Hour Volume: 833,460,288 USD
- Market Cap Value: 682,131,813 USD
- 7 Day high/ low: 6.38 USD/ 5.37 USD
ETC to USD Price Comparison:
Yesterday, the value was initially seen at $6.359 at 03:33 UTC. The value then dropped by 7.24% at 16:07 UTC when the value dropped to $5.899. The value was seen escalating from there by 5.24% today at 01:05 UTC with the trading value changed to $6.205. The value from then is dropped to 2.39% as of now.
ETC Price Prediction and Conclusion:
Users might have to hold on to their position for a while to boost some returns in the ETC network. Touch down to $10 might be visible by the end of the year. But well, it will be worth watching! You might want to hide your returns as of now to enjoy the greater profits in the future. Meanwhile, the resistance support level may assist you with intrastate trade decisions:
R1: 6.38, R2: 6.62, R3: 6.87
S1: 5.89, S2: 5.64, S3: 5.4
We should not overlook that Ethereum Classic is known to be a compelling coin (after Bitcoin, obviously) in the realm of digital currency. In any case, ETC may walk consistently; however, it appears that it may increase your interests in the coming years.
INVAO Trading AG: INVAO issues world’s first fully fledged bond on Ethereum blockchain
- INVAO sets a new standard: IVO Blockchain Diversified Bond is the first bond on the Ethereum Blockchain to be issued exclusively as a token
- The IVO token according to ERC-20 standard secures the profit participation rights of investors in the blockchain through smart contracts
- INVAO provides structure and operation of the security token OpenSource
INVAO has launched the world’s first fully-fledged bond issue on the Ethereum blockchain. With the successfully completed Token Generation Event [TGE] of the IVO – Blockchain Diversified Bond [ISIN: LI0471823018], all investor rights granted in the securities prospectus approved by the FMA Liechtenstein were realized in the form of a security token according to the ERC-20 standard. The bond is the world’s first fully-fledged security of its kind, which exists exclusively on the Ethereum blockchain: all shares are issued and held exclusively as tokens.
As part of the Token Generation Event on September 27, 2019, all units of the IVO Token [IVO] were created in the Ethereum Blockchain. This step came after INVAO recently subscribed to around half of its target issue volume of $ 20 million.
New standard for Blockchain financial products
Frank Wagner, CEO of INVAO said,
“Our IVO – Blockchain Diversified Bond does not simply secure ownership of a traditional bond, it’s structured entirely on the basis of the Ethereum blockchain, and realized exclusively as a token. Unlike any other blockchain bond, we are the first issuer to fully rely on the classic paper form renounce and set a completely new standard for Blockchain financial products. Due to the tremendous potential for digitizing financial products through Blockchain technology, we have decided to make the full programming of the IVO Bond, including all Smart Contracts, open-source to the public.”
Other projects may use the developed software building blocks under the GNU license. The IVO token was programmed on behalf of INVAO by Validity Labs in Zug [Switzerland] and certified by MonteLabs in Savosa [Switzerland]. The Berlin-based Finoa, which provides a fully digital custody solution for blockchain assets that complies with regulatory guidelines such as PSD2 and EBICS, provides secure custody of issued security tokens.
INVAO is a global investment manager based in Liechtenstein with offices in Liechtenstein, Berlin, and Dubai. Through its IVO – Blockchain Diversified Bond [ISIN: LI0471823018], the company offers investors diversified market access to blockchain assets. With a smart mix of active portfolio management and AI-based automated trading, the blockchain portfolio is designed to generate high returns across all market cycles and provide downside protection in a still volatile and volatile asset class. Consolidating various blockchain assets into a single token will also provide investors with tax benefits.
The financial product is a tokenized zero-coupon bond under the ERC-20 standard, which represents a liquid asset, which can be traded on exchanges and peer-to-peer. The prospectus of the IVO – Blockchain Diversified Bond has been approved by the Financial Market Authority Lichtenstein.
Through the INVAO Foundation, which is under the supervision of the Liechtenstein Foundation Supervisory Authority, the Investment Manager donates a fixed portion of its annual profits from trading blockchain assets to charitable projects in order to have a lasting positive impact on society and the environment.
For more information about INVAO and the IVO – Blockchain Diversified Bond, visit website.
Altseason Incoming? Ethereum and XRP Carving Out Potential Bottom Against Bitcoin, Says Peter Brandt
Veteran trader Peter Brandt says both Ethereum and XRP appear to be forming a bottom against the leading cryptocurrency Bitcoin.
Brandt recently spotted a similar pattern for XRP, and joins a number of crypto analysts who believe a significant altcoin rally may be on the horizon.
And analyst Scott Melker of Texas West Capital says that in his humble opinion, alt season has already arrived.
“The way people here think, they will START calling alt season only if coins do a 5-10x. By the time they accept it is happening they’ll be buying the top, just like they did in 2017.”
But not everyone on crypto Twitter is so optimistic.
The host of CNBC’s Crypto Trader Ran NeuNer says the days of quick and easy 100x profits in the crypto markets are a thing of the past.
In a viral tweet, NeuNer says he thinks the vast majority of altcoins will essentially go belly up in the long run, and real-world adoption has become more important than promises of breakthrough technology.
Ethereum technical analysis: ETH/USD price remains at risk of full blown bear attack
- Ethereum price is trading in minor positive territory, up 0.10% the session on Tuesday.
- ETH/USD price action is moving within a bearish flag structure via the daily.
- Strong daily supply should be noted at $180, a breach would open door to another wave of upside.
ETH/USD daily chart
Price action remains within the confinements of a bearish flag structure via the daily chart view.
ETH/USD 60-minute chart
Heavy supply can be observed via the 60-minute view at the $185 price territory.
Spot rate: 177.74
Relative change: +0.10%
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