lot of bullish momentum. However, some signs suggested that EOS might not be able to sustain its momentum in the near-term.

While the market momentum has been bullishly positive for EOS off late, the resistance level at $3.12 has prevented the cryptocurrency from rising to its late-November levels. While the crypto’s price was moving north at the time of writing, a correction could see EOS fall towards the support at $2.91.

The Relative Strength Index was heading towards the overbought territory, at the time of writing. While this was bullish for the price, a reversal could be forthcoming if the index rebounds and shoots lower towards the oversold zone.

The candlesticks were trading on the upper band of the Bollinger Bands, and a potential pullback could be on the cards if the price moves south and towards the lower band.

Ontology has been rising steadily on the charts, with the crypto’s price gaining by 16.7% over the last seven days. A look at ONT’s 4-hour chart showed that the crypto’s price had scaled above the resistance levels at $0.45 and $0.50. Even though the indicators suggested more upside for ONT, a correction on the charts for Bitcoin and Ethereum in the near future could see ONT flash red.

The Chaikin Money Flow rose along with the cryptocurrency’s price and highlighted the fact that capital inflows were pushing the price beyond the aforementioned resistance levels.

The Parabolic SAR’s dotted markers were under the candlesticks, an indication that the price was bullish.

Like its counterparts EOS and ONT, Cosmos also registered positive gains on the charts, with its price up by 6% in the past 24 hours. A move higher on the charts towards the resistance level at $7.06 seemed quite possible as the indicators were bullish for the cryptocurrency. On the flip side, the price could lose steam if the next resistance level is challenged.

The MACD’s fast-moving line was gaining some ground on the Signal line, while the bars on the histogram were also rising above zero. This signaled a potential move higher.

Finally, the Awesome Oscillator’s green bars were also rising above equilibrium, a sign of the buying pressure rising in the market.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

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on a different approach to improving Ethereum. We explore the subtle differences between them and the ways each of them will complement the network they set out to improve.

Scaling blockchain technology has become one of the most pressing issues the industry faces today. The rapid rise the crypto industry has seen in the past several years, both in terms of market cap and number of users, has been unprecedented in its history and has pushed some of its core problems to the surface rather aggressively.

The fact that scaling is such a massive problem across the board doesn’t mean that there aren’t any viable solutions to it—there are numerous Layer 2 solutions being developed, all utilizing different technologies and ideas to create more efficient networks.

A major problem is implementing these solutions—introducing even the slightest changes to a network as big as Ethereum is a slow and tedious process, often requiring a consensus between hundreds, if not thousands of network participants. And while Ethereum 2.0, the network’s second, proof-of-stake iteration, is almost done, there is little faith that these solutions alone will be able to give the market a truly decentralized and efficient network.

It was this lack of faith that led to the creation of multiple-chain networks, all of which set out to solve Ethereum’s lack of scalability. There are dozens of networks like these currently on the market, but few have managed to get the traction and recognition Polkadot, Cosmos, and Avalanche have.

With all of these multiple-chain networks currently in development, it’s impossible to pick a clear winner or predict which one will turn into a go-to scaling solution for the majority of the market. It is possible, however, to dig a little deeper and analyze the basic principles behind each one in a bid to help the market better understand them.

To solve the problem of Ethereum’s lack of scalability, Polkadot adopted a sharding model with multiple chains. This is mostly due to the fact that Polkadot’s consensus protocol can’t scale to multiple nodes on a single chain. However, running multiple chains requires multiple “coordinators” that ensure smooth operating that facilitates transactions.

Polkadot solved the problem of coordinators by establishing two different types of chains—the relay chain and parachains. The relay chain is the primary chain of the network, but it only supports transfers of DOT, the network’s native cryptocurrency, and a handful of other operational transactions such as slashing. The relay chain doesn’t support smart contracts, which is where parachains come in.

Parachains are all other chains that stem from Polkadot but are independent in terms of the functions they offer. The network solves the problem of security by requiring users to bid to become a validator on the main chain in order to run a parachain. After bidding high enough to become a validator of the relay chain, a node operator will be placed randomly to become a validator of one of the parachains—creating a type of “shared security” system that’s similar to what will be used in Ethereum 2.0.

Essentially more similar to Polkadot than Ethereum, Cosmos is a network of blockchains that support the development of decentralized applications.

Just like Polkadot, the network is divided into two different types of blockchains—the hub and the zones. The hub is the main Cosmos chain where all of the network’s validators are, while the zones are all other chains added to the hub that utilize the Cosmos SDK framework. However, unlike Polkadot, where node operators need to be validators on the relay chain in order to validate on any of the parachains, Cosmos validators are independent.

The zones can interact with each other by using Cosmos’ Inter-Blockchain Communication (IBC) protocol, which is set to go live sometime this year. The hub has no control over the zones, which means that there is no guarantee that any of the zones that stem from it are secure. The level of security seen in any of the zones never affects the overall security of the hub, which means that the network’s users take on all the risks of interacting with the zones.

This kind of approach enables Cosmos to be a low latency network. However, the approach also carries a set of disadvantages, the most important one being that becoming a validator is rather expensive. The blockchain also doesn’t support smart contracts and doesn’t use token locking as a security measure.

Just like its two competitors, Avalanche is a network of many networks. All of the networks on Avalanche are called subnets, short for “subnetworks,” but differ slightly in the functionality they offer. According to Kevin Sekniqi, the co-founder of Avalanche, the blockchain’s main network called the primary subnet is a proper, bonafide chain that looks a lot like Ethereum. It has most of the functionalities seen on Ethereum, such as smart contracts and transfers, and is the most secure subnet on Avalanche. With 700 validators, it stands way ahead of other subnets in terms of decentralization.

If the functionality offered by the primary subnet isn’t enough, Avalanche enables users to launch another subnet, much like Cosmos does. That subnet can have its own validators just like Cosmos, but unlike Cosmos, requires them to be validators of the primary subnet. Sekniqi explained that this forces security to pool into the primary subnet, essentially preventing users from launching arbitrary subnets.

However, cross-subnet communication isn’t live on Avalanche yet, and the network is yet to see major traction both among users and developers.

After signing off on an action-packed year, Polkadot is gearing up for an even more eventful 2021.

The price of ATOM, the native cryptocurrency of the Cosmos blockchain network, surged by 68% in merely ten days.

Avalanche, the highly-scalable, open-source platform for launching decentralized finance (DeFi) applications, has begun the final phase of testing of a bridge to connect its ecosystem to Ethereum, it said in a release shared with CryptoSlate.

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

It’s been a bloody past day for the Bitcoin and broader crypto market.

The price of Bitcoin abruptly fell by over 5% in just three hours on January 10.

Ethereum has undergone a remarkable rally over the past seven days.

constituted in its own universe separated from the others. On this occasion, we will talk about COSMOS, a project that fosters unity between crypto initiatives.

Disclaimer: All the information provided in this post shouldn’t be considered investment advice but rather educational content. We are not advisors. If you trade, always contact your professional adviser and never invest more than what you are able to lose

Cosmos Network can be defined as the internet of blockchains. This project unites all types of blockchains taking advantage of Tendermint and the Inter-Blockchain communication protocol (IBC). Projects linked or integrated into the Cosmos Network can exchange tokens with each other natively.

COSMOS is designed around the concept of standardizing communication between various blockchains that are part of its broader ecosystem with the goal of facilitating interoperability.

It is certainly ambitious. Tendermint is unique in that it functions as a multi-chain framework for other Blockchains, while also using its own consensus: Proof of stake (PoS). 

To finance the creation of Cosmos, an Initial Coin Offering of the ATOM token was launched in 2014. Raising in it a total of 16.8 million dollars until April 2017, when the cryptocurrency is finally launched on the market.

The COSMOS network works to reduce the communication gap established between the blockchains that coexist in the crypto market, for which an “Internet of blockchains” is constituted, made up of a central Hub or Blockchain, which is surrounded by different independent chains known as zones.

Thus, the blockchains connected to each other by Cosmos are not directly intertwined with each other. Rather, they all connect to a Hub, which is responsible for serving as an intermediary for exchanges between the chains. So there is no need for them to trust each other, but rather to do so in the central Hub to which they are connected.

The low-level Tendermint protocol that is divided into two fundamental aspects: a blockchain consensus engine and a generic application interface. To understand a bit of what that means, know that there are three conceptual layers to a blockchain: networking, consensus, and the “application layer.”

This protocol prepares consensus and networking packages so teams can focus on their applications and avoid hundreds of hours of complex code. Tendermint is not a blockchain itself, but an open-source developer tool. It is a customizable foundation for blockchain applications.

The development of Cosmos is supported by the Interchain Foundation, based in Switzerland and this is their first project. Many of the developers working on Cosmos are from the company behind the underlying Tendermint blockchain engine, All in Bits. In particular, Jae Kwon, who initially proposed Tendermint in 2014, is one of the main developers and is a member of the board of the Interchain Foundation.

Interoperability with blockchains is considered the next natural step for the industry after scalability. However, projects like Cosmos that are built to scale from launch as interoperable frameworks offer some intriguing insights into what a future outlook might look like.

Determining how Cosmos will play out is extremely challenging, especially considering its reliance on PoS consensus and pending results from its Game of Stakes testnet. The PdS is notoriously difficult to reason with and is predisposed to a subjective interpretation of immutability.

Although decentralization continues to be the object of scepticism among some people, time favours the adoption of crypto and blockchain due to the benefits that these technologies offer, in addition to functioning as a protective framework against government mismanagement and economic crises.

select a platform of your choice to buy Cosmos in 2020.

You can buy Cosmos from almost all major cryptocurrency exchanges operating in the industry. To make it easier and time-efficient we have listed the cheapest digital ATOM trading platforms to help you to invest in Cosmos easily.

All the exchanges you find on this page offer a good ATOM price. Also, you don’t pay any hidden fees, all exchanges have a high confidence score and an insurance policy. Below you will find three exchanges offering the best price for Cosmos. You can select one among the options given on this page.

There are many things to consider when it comes to trading in Cosmos. However, the very first thing you need to know about cryptocurrencies is that they are risky assets. It is not only true for Cosmos, but for all the tokens available in the market. As you know, the cryptocurrency industry is very risky due to the volatile prices. It makes the crypto industry a sweet spot for risk-takers. Also, there are various investors with a different risk appetite. So, some investors take bigger risks while others invest in multiple assets with various risk levels. Thus, it is up to your investment plans on how you want to invest in Cosmos.

There is no second opinion of the risks involved in crypto trading. Undoubtedly, it is a risky industry. Many people have lost their hard-earned money in a matter of a short period by trading cryptos. Also, some people earned a huge amount of profits as well. The price of tokens fluctuates rapidly. So, keep in mind the volatility of price before you invest in digital currencies.

You will find many examples in the industry who made tons of money through cryptocurrency trading. Do you know why? Because they invested at the right time and did some good research. There is a good time and a bad time to invest in Cosmos. If you invest at the right time you can earn a profit, and if you invest at the wrong time you might lose your invested money. The image below shows the best moment to invest in Cosmos.

DYOR is the best practice in the industry. Doing your research gives you many useful insights about the coin you want to buy. Also, it helps you in avoiding emotional decisions. Moreover, if you research the project you will get to know the team behind the project. You can find their past achievements and predict the chance how they will run their current market. The past price trends helps you to understand how the currency was valued in the market by the investors. Also, before you select an exchange to buy Cosmos, visit the social media platforms to see what other people have to say.

Will you buy Cosmos from any exchange available on the internet? We highly doubt it. There are many crypto exchanges in the market offering Cosmos (ATOM), but you need to be very careful in choosing the right crypto exchange. In the past, many scammers took the money of people and disappeared. You need to select a safe and reliable Cosmos exchange. To help you find a well-reputed cryptocurrency exchange quickly, we have listed the best platforms offering Cosmos. You can select one of your choices to buy Cosmos (ATOM).

All cryptocurrency exchanges charge a small trading fee. This helps them run their operations. However, we know that you are investing in cryptocurrencies to make profits. So, we have listed a few exchanges charging the lowest fees possible. It is up to you which one you select.

Knowing the privacy concerns is a good thing. If you are looking for crypto platforms who do not need a lot of personal information when you buy Cosmos, then we have good news for you. None of the platforms force you to fulfill KYC requirements. You can trade Cosmos anonymously on all the crypto exchanges listed on this page.

Some points should be kept in mind before you select a crypto trading platform to purchase Cosmos. We have listed a few of them below:

To buy Cosmos, you need to find a safe cryptocurrency exchange. Finding a safe and reliable crypto trading platform can be a time-consuming task. You need to check various factors before you choose an exchange. If you don’t spend time on research to find a safe and reliable cryptocurrency, chances are you might invest in an unsecured or fake platform. So, to avoid any mistakes, make sure you consider the following details before selecting a trading platform:

Based on these points you can decide which Cosmos exchange suits you the best.

All the exchanges available on this platform offer Cosmos (ATOM). You can select an exchange of your choice to buy Cosmos.

You can use your credit card or bank transfer to buy ATOM. Moreover, most exchanges accept other major payment methods as well. Also, if you want to pay with cryptocurrency then you can do that as well.

A fee charged by exchanges to trade cryptocurrencies depends on the services they provide. It ranges from 0.10% to 0.20% of the total trading value is charged by the platforms. Also, if you hold the native token of the exchange, you can get extra discounts.

You will get your ATOM coins in your built-in wallet as soon as you make the trade.

price consolidation on the charts. Since the start of December, cryptocurrencies like Litecoin, Cosmos, and Dogecoin have remained stuck between their immediate resistance levels and points of support.

Litecoin [LTC]

Litecoin, at the time of writing, was being traded at $89.3 with a market cap of $5.8 billion. Over the past 24-hours, the coin’s price fell by over 2.5 percent, having noted a trading volume of $7.3 billion. Since 1 December, Litecoin’s price has been stuck between its immediate support at $85 and its key $90-resistance level. However, if the coin were to drop in valuation, it can also count on the support at $80.

The Bollinger Bands for LTC were continuing to contract, indicating low levels of volatility. The MACD indicator didn’t look very promising after having undergone a bearish crossover.

While Litecoin has been fairly dormant in terms of recent developments, Binance recently announced the launch of  LTCUSD Quarterly 1225 & 0326 Coin-margined contracts on its platform.

Cosmos [ATOM]

Cosmos was ranked 24th on CoinMarketCap’s list, at press time, with a trading price of $5.4 and a market cap of $1.1 billion. Akin to LTC, Cosmos’s price has also not moved significantly over the past two days. For Cosmos, there were two strong points of resistance at $5.6 and $6.1. If the coin were to see a minor dip, the support at $5.2 may come in handy.

The EMA ribbons, after having settled below the press time trading price, was offering support for the coin. The RSI indicator, after having spent time at the neutral zone, was heading towards the overbought zone.

Dogecoin [DOGE]

For the crypto-market’s favorite meme-coin, Dogecoin’s price action wasn’t very different. It was trading at $0.0033 with a market cap of $448 million. Dogecoin was likely to face strong resistance at $0.0037 and had two points of support at $0.0031 and $0.0028.

The MACD indicator also underwent a bearish crossover with the Signal line going past the MACD line. However, the RSI indicator continued to remain in the neutral zone, but it may soon head towards the overbought zone.

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Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

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the day’s end.

Chainlink was down by almost 4.5% at press time with the digital asset seen hovering just above its immediate support level.

The bearishness in Cosmos and VeChain however was even more prominent, with both recording a loss of over 6% over the last 24 hours, with some scope of bearish weakness for Cosmos visible on its chart.

Chainlink [LINK]

Over the last 24-hours, Chainlink fell by 4.55% driving its price to $10.464. At the time of writing, the digital asset registered a market cap of $4 billion and ranked 7th according to messari.io.

The bearish scenario was also visible through its Chaikin Money Flow Indicator. CMF failed to retain its position above the zero-line and dived below it, indicating pressure on buy liquidities, as the capital quickly flowed out of the LINK market.

The Relative Strength Index too continued to tread well into the oversold territory, depicting extremely low buying pressure in the LINK market.

Given the strong selling pressures, a scenario of price stability above the $10.256 support level will be required to stall the bearishness over the next few days.

Cosmos [ATOM]

Bears appeared to have gained an upper hand in the Cosmos market as well, with the digital asset recording 6% in losses since yesterday.

The MACD histogram closing with red bars and both the MACD and signal lines below the zero line depicted the presence of strong negative momentum in Cosmos.

In fact, in a bearish move, prices had quickly dropped down to the 78.6% retracement region or the $5.2 support level marked by the Fibonacci retracement tool

If the bears gain strength and manage to breach below the 78.6% retracement level, it could push down the prices further, although a bounce above this level seems more likely.

VeChain [VET]

The VeChain market was down by almost 6% since yesterday, witnessing a drop below two of its resistance turned support levels.

The bearishness was further visible from its 20 and 50 period simple moving averages. The 20 SMA in a bearish crossover dived below the 50 SMA, with the bears further not respecting either of the short- or longer-term price trends.

Aroon indicator also clearly confirmed the extremely bearish scenario with the Aroon Up (orange) lying beneath the Aroon down (blue)

If the negative trend continues, VeChain bears could further target its immediate support level at $0.0105.

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A graduate in Economics and International Development, Shubham enjoys researching on economic reform process, with a special focus on China.His interests lie in FinTech & blockchain technology developments across East and S.E Asia.

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were short-term in nature and ultimately unable to shrug off bearish pressure. Litecoin was likely to trade at $50 in the coming days, while Cosmos showed […]

The post Litecoin, Cosmos, BAT Price Analysis: 03 November appeared first on AMBCrypto.

Litecoin, Cosmos, BAT Price Analysis: 03 November written by Akashnath Sumukar @ sis-03-november/ November 3, 2020 Akashnath Sumukar

resistance of $12,000. At press time, BTC was trading at $11,694 and noted a 1.47 percent price hike in the past 24-hours.

Such behavior had a ripple effect on the rest of the altcoin market, with some like Tezos and Monero noting differing fortunes. However, that wasn’t the case with Cosmos.

Tezos [XTZ]

Tezos [XTZ] has been one of the market’s best-performing cryptos over the last 6-8 months. However, this reputation gained steam recently after the months of July and August saw XTZ surge in value on the charts. August, especially, has seen Tezos climb incredibly, with XTZ noted to have registered a hike of over 40% over the last week. At the time of writing, corrections were seeping into the market, which is why the last candle on the charts was a red one.

The aforementioned hike in value was also responsible for Tezos hitting its ATH on the charts recently.

The bullishness in the market was highlighted by the crypto’s technical indicators as while the Parabolic SAR’s dotted markers were well below the price candles, the MACD line was surging well over the Signal line.

In other news, the market’s traders seem to be embracing XTZ’s price action, with more XTZ longs open than ever before.

Monero [XMR]

Compared to Tezos, Monero’s price movements were more inconsistent. While the months of July and August did see Monero climb on the charts, the last week has been quite volatile. In fact, XMR fell by almost 9% over the timeframe, before recovering by over 6%. At the time of writing, however, Monero was continuing to trade well over its support levels.

The cryptocurrency’s price-performance was underlined by XMR’s technical indicators as while the mouth of the Bollinger Bands continued to be wide open in a sign of near-term volatility, the Chaikin Money Flow was just under 0.40 and pointed to healthy capital inflows into the market.

While Monero is the market’s foremost privacy coin, cryptos with such niche utilities haven’t had the best time recently with many agencies and governments keen to keep track of their blockchains. Russia’s ‘Transparent Blockchain’ system is just one such example.

Cosmos [ATOM]

Cosmos, the 17th-ranked cryptocurrency in the market, has seen its value appreciate dramatically over the past 10 days, with ATOM one of the industry’s best performers over the period. In fact, unlike Monero and Tezos, its price movement over the last week has been consistently bullish, with ATOM surging by over 50% on the charts. At the time of writing, ATOM was registering YTD gains of over 40%. Further, ATOM did also breach its highest price point in over a year.

ATOM’s indicators highlighted how well the market was doing as while the Awesome Oscillator’s histogram pictured a lot of bullish momentum, the Relative Strength Index was holding firm in the overbought zone.

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Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

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few months, many of the market’s altcoins have noted good rallies, especially when Bitcoin’s own price was relatively stagnant.

At press time, Chainlink showed no sign of losing momentum, while ATOM exhibited a pattern that might repeat this month. On the contrary, IOTA sought to hold the resistance it recently flipped to support.

Chainlink [LINK]

LINK has been one of the market’s strongest performing altcoins over the past few months. Ranked 5th with a market cap of $6.7 billion, LINK was not a crypto-asset one would want to call the top on.

At the time of writing, it was noting classic bearish divergence, wherein the RSI established lower highs while the price formed higher highs. After each divergence, LINK was noting a small pullback, before pushing forward on the charts again.

The RSI had a value of 65, at press time. In fact, the RSI has consistently been above 50, a sign of the continuing uptrend in the LINK market. Finally, the price appeared to revert to the 20-period moving average towards the middle of the Bollinger Bands and the same could climb to the upper band as well

Cosmos [ATOM]

ATOM was ranked 18th with a market cap of $1.25 billion, at press time. Traders and investors should perhaps be keenly watching the performance of ATOM after it established a crucial support near the $6-level.

The Chaikin Money Flow was below 0 and suggested that money was flowing out of the market. The last time this happened was on 14 July. At that time, the capital outflows had pushed ATOM into a range-bound price action.

In fact, the emergence of a pattern since late-June can be observed, a time when ATOM showed signs of an uptrend (white). This trend later strengthened (yellow) for a while. The next week, the CMF’s values dropped and ATOM was trading near its support level for another week before showing signs of an uptrend on the charts.

Perhaps the pattern would repeat and ATOM would trade near its $5.8 support before picking up steam again. If ATOM loses this support, it might drop as far down as $5.

IOTA

IOTA had its support in the $0.413 region, with the next support at $0.35. Further, the Awesome Oscillator showed that the momentum in the IOTA market was waning too, while the MACD registered a bearish crossover.

This could be indicative of consolidation above its support at $0.41. If both the noted supports are lost, IOTA could retrace all its recent gains. This looked unlikely, given its recent strong performances and the overall bullish outlook of the market.

IOTA held the 20th rank on CoinMarketCap as it had a market capitalization of $1.15 billion.

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would seem likely. The Stochastic RSI was in the oversold zone whereas, the RSI indicator was yet to hit the oversold zone. Expecting a 9% pump after the bounce at the lower band was likely.

Cosmos noted a nasty drop from its descending triangle formation, one that depreciated ATOM’s price by 14% from the base of the triangle. Since then, ATOM has breached two supports – $6.623 and $6.41, with the cryptocurrency very close to hitting $5.879 on the charts. However, the last support seemed unlikely to be tested anytime soon. The natural course for ATOM would be to bounce back to $6.411, a level which would be a bullish surge of 3% from its press time price.

Another leg up can be possible up to $6.623 aka a 6.87% surge.

The price and RSI were forming a bullish divergence [yellow lines], indicating and affirming the aforementioned forecast.

Maker’s charts presented a potential cup and handle in formation, with the handle still being formed. The price of MKR was recorded to be $632, with a pump of 10-11% pump expected soon. This pump will complete the handle part of the potential pattern. However, breaching it would mean a more bullish future for the coin.

The Stochastic RSI was primed for a bullish crossover at press time, but perhaps, this will transpire only after a little bit of sideways price action.

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Akash is a full-time cryptocurrency writer and an analyst at AMBCrypto. He is an engineering graduate with an avid interest in finance and economics. Attracted to the chaos of trading, Akash has invested in BTC, ETH and XRP for educational purposes.

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Bitcoin Cash, Cosmos, Algorand Price Analysis: 01 December

Wanchain blockchains?Let’s find out by going through each one and let you make your own assumptions on which one is better based on facts.👉Huobi account? Sign up here.1. What is Cosmos Network?Cosmos was created in 2016 by Founders Billy Rennekamp, Ethan Buchman and Jae Kwon. Cosmos raised over $16 million in an initial coin offering (ICO) in 2017. Cosmos is a network made up of many independent blockchains which utilize byzantine fault tolerant (BFT) consensus mechanisms, including Tendermint BFT. Each individual blockchain maintains control of its own governance, but is interoperable with other blockchains in the network. Blockchains that do not utilize BFT algorithms can be connected to the Cosmos network via “adaptor” blockchains. Cosmos was not designed for one particular use case, but to be adaptable to suit many different use cases.Cosmos has two types of blockchains: Zones and hubs. Zones are regular blockchains, while hubs are blockchains that connect zones with one another. The Cosmos Hub was the first blockchain (and hub) to be launched in the Cosmos ecosystem. It is a public, proof-of-stake (PoS) blockchain whose native asset is the atom (ATOM).What is ATOM?ATOM is the staking coin that is mainly used for governance. By staking ATOM, the zone validators can join the hubs, with an option to have their stake reduced by misbehaving in their zones. The current annual yield on ATOM is around 6.5 %.🔹Trade ATOM2. What is Polkadot?Polkadot was founded in 2016 by Gavin Wood, former Co-Founder and CTO of Ethereum. Polkadot raised more than $145 million via a token sale in October 2017. Soon after, though, it had ethereum (eth) tokens to the value of $98 million frozen due to a bug in Parity wallets.Polkadot unites a network of heterogeneous blockchains called parachains and parathreads. These chains connect to and are secured by the Polkadot Relay Chain. They can also connect with external networks via bridges. With Polkadot you can create a custom blockchain in minutes using the Substrate framework. Connect your chain to Polkadot and get interoperability and security from day one. Chains remain independent in their governance but united in their security.Why Polkadot?Polkadot builds on the revolutionary promise of previous blockchain networks while offering several fundamental advantages.Blockchains in isolation can only process a limited amount of traffic. Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel, eliminating the bottlenecks that occurred on legacy networks that processed transactions one-by-one. Think of a single lane road to a road with multiple lanes. This parallel processing power significantly improves scalability and creates the right conditions for increased adoption and future growth. Sharded chains connected to Polkadot are called “parachains” because they run on the network in parallel.What is DOT token?DOT is the token native to Polkadot. DOTs serve four key functions in Polkadot, Governance over the network, staking, bonding, and fees.🔹Trade DOT3. What is Ethereum 1.0?Ethereum was created in 2015 by Vitalik Buterin, Charles Hoskinson, Mihai Alise, Amir Chetrit, Joseph Lubin, Gavin Wood, and Jeffrey Wilke. Ethereum is a decentralized open-source blockchain featuring smart contract functionality. Ethereum revolutionized the crypto-space by bringing in smart contracts on the blockchain. Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.Ethereum as of right now is using Proof-of-Work (POW). In a PoW system, miners, who use various types of computer hardware like computer processors, graphics cards, and specialized mining devices, use their processing power to solve complex mathematical puzzles in a race to verify new network transactions. By being the first to solve a given puzzle, a miner adds new transactions (which together form a “block”) to the record of all transactions (the “blockchain”). For their efforts, they are rewarded in newly minted crypto like ETH.What is Eth token 1.0?Ethereum applications and contracts are powered by eth, the Ethereum network’s currency. Eth is used broadly for two purposes: it is traded as a digital currency exchange like other cryptocurrencies, and it is used inside Ethereum to run applications and even to monetize work.What is Ethereum 2.0?Ethereum 2.0 will replace the current Proof of Work (mining) model that the blockchain uses with staking. There are two primary improvements introduced by Ethereum 2.0 that do not exist in Ethereum 1.0: Proof of Stake and Shard Chains.It will likely take many years for the Ethereum 2.0 upgrade — in all its complexity — to be complete. Phase 0 of Ethereum 2.0 will launch in 2020. Phase 1 is anticipated in 2021. Phase 2 and beyond are anticipated for 2021 or later.What is Eth token 2.0?ETH2 will be governed by Proof-of-Stake consensus. 32 ETH is required for staking and earning rewards on the Ethereum 2.0 network. Individuals who are not able to stake the full 32 ETH can also choose to do so in a group with others to make up the total staking feeThe rate of return for staking ETH is expected to be 4% — 10 %.🔹Trade ETH4. What is Wanchain?Wanchain was created in 2017 as a non-profit public blockchain project initiated by Jack Lu, the co-founder, and CTO of Factom. Wanchain is now a Proof of Stake blockchain implementing its own version of Cardano’s Ouroboros consensus mechanism called Galaxy POS. It provides smart contracts, cross-chain transactions, and ring signature-based private transactions designed for decentralized financial applications. Wanchain’s founding vision is to make Cross-Chain DeFi a reality by allowing assets to flow freely between blockchains without any centralized third party limiting their movement.What is WAN Coin?WAN is Wanchain’s native token. All Wanchain transactions, cross-chain transactions, and smart contracts are powered by WAN. WAN is used as a stake in Wanchain’s Galaxy Proof of Stake system, and also serves as a bond for Wanchain’s cross-chain wanSM “Storeman” nodes. Investors can earn passive income by staking WAN either to validators or to Storeman nodes. The current annual yield for WAN validators is around 9% while wanSM delegation is expected to begin in Q4.What is one project built on Wanchain?FinNexus (FNX) — FinNexus is a DeFi focused project which recently went live on Wanchain. FinNexus is building a suite of open finance protocols to power hybrid marketplaces that trade both decentralized and traditional financial products across multiple public blockchains. The first FNX platform is a decentralized options protocol powered by a single liquidity pool on both Wanchain and Ethereum.🔹Trade WANOverview:Now you can see how each protocol is unique within the defi ecosystem.🔹Did you miss DeFi Dash — Part 1? Read it here.👉Huobi account? Sign up here.Follow us on Twitter: @ HuobiGlobal!Risk Reminder:1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

above the $19K price level and with its current drop on the charts, many of the market’s altcoins are now enduring their own price corrections.

Ethereum [ETH]

Ethereum’s price witnessed a $12.5 percent price dip in the past 24-hours and is currently trading at $503.2. According to CoinMarketCap, ETH has a market cap of $57 billion with a 24-hour trading volume of $24 billion. At press time, ETH is testing the support at $504 and if the coin endures a further dip, it can count on the next support at $480. However, if an uptrend were to start there is considerable resistance at the $532 price level.

The Bollinger Bands have contracted significantly and indicate low volatility for ETH’s price. The RSI indicator on the other hand is now moving slowly away from the oversold zone and into the neutral zone.

Cosmos [ATOM]

Since the early hours of 26 Nov, the price of Cosmos has fallen by close to 12 percent. At press time Cosmos is being traded at $5.19 with a market cap of over $1 billion. The current trading price of the coin is now testing the support at $5.14 with strong resistance around $5.4.

The EMA ribbons have now settled above the coin’s current trading price and are likely to offer resistance when an uptrend occurs. The RSI indicator continues to remain close to the oversold zone but is now moving towards the neutral zone.

Basic Attention Token [BAT]

Akin to the price action of most altcoins in the past few days, BAT saw a price drop of close to 15 percent since the dawn of 26 Nov. At press time the coin is valued at $0.217 and a 24-hour trading volume of $213 million. BAT has two strong points of support close by at $0.212 and $0.206. However, there is also resistance at $0.230 if the price correction leads to an uptrend for BAT.

After having a period of high volatility, the Bollinger Bands have now contracted. The MACD indicator however seems to be on the verge of a bearish crossover with the signal line coming very close to going past the MACD line.

Bitcoin Cash short-term Price Analysis: 27 November

Bitcoin flowing out of OKEx and Huobi, mainly enter Binance

Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

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consolidate on the charts under the $19k-mark, many alts fell after a correction wave hit them. While some like VeChain continued to record gains over a weekly basis, other cryptos like Ethereum and Cosmos saw mixed fortunes.

Ethereum [ETH]

Ethereum, the world’s largest altcoin, has been brimming with optimism lately. Not only did the cryptocurrency surge on the back of Bitcoin’s own hike, but the community also welcomed the launch of the Ethereum 2.0 Beacon Chain on the 1st of December. However, despite these updates, ETH’s price fortunes haven’t been the best lately.

Days after ETH surged to levels unseen since June 2018, ETH fell by 8.6% on the charts as corrections ensued. Despite these corrections though, the larger market sentiment remained on the bullish side, at press time.

This was evidenced by Ethereum’s technical indicators as while the Parabolic SAR’s dotted markers were well below the price candles the Relative Strength Index was hovering near the overbought zone.

Cosmos [ATOM]

Cosmos [ATOM], the cryptocurrency ranked 26th on CoinMarketCap’s charts, has seen topsy-turvy movement over the past few months. Despite such volatility, however, ATOM has been unable to hit the highs it last saw back in August. While ATOM’s investors did hope to see the cryptocurrency surge when the rest of the market did, the crypto disappointed. In fact, ATOM was down by almost 15% in the last 10 days alone.

ATOM’s movement on the charts was underlined by the findings of its technical indicators. While the Bollinger Bands were dropping slightly south, the MACD line crept under the Signal line following a bearish crossover.

Cosmos was in the news a few weeks ago after Celo gave Chorus One a grant to build a bridge to facilitate interoperability between Celo and Cosmos.

VeChain [VET]

Popular altcoin VeChain, like ATOM, has seen a lot of sideways movement in the months gone by, despite a host of updates on the developmental side. Thanks to the general bullishness in the market triggered by Bitcoin’s movement over the past week, VET finally surged on the charts, with the crypto up by over 20% on the weekly timeframe. This was a healthy hike, especially since most of the market soon saw corrections after the aforementioned bullishness had passed.

While the Awesome Oscillator underlined the momentum in the market, the Chaikin Money Flow was holding steady under 0.20, a sign of capital inflows being greater than capital outflows.

VeChain’s development of a blockchain-based medical solution was recently adopted by a service provider based in Cyprus.

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Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA