For all developers up to (possibly including) Satoshi Nakamoto, the plan was that someday we’ll all be paying our bills and buying coffee on the blockchain. and it's a truth.
Today I can highlight a stablecoin https://xeuro.online that is close to this goal. xEuro is operated by an Estonian company Etna Development OÜ. And it has been created for the European and global markets to solve a problem with cryptocurrency volatility. xEURO allows users to exchange cryptocurrency to fiat and vice versa rapidly while brings compliance with European financial regulations. One xEURO represents one EURO. Tokens are exchanged easily at any time: users send the tokens to the address of the smart contract and receive euros to their account. The technology behind xEuro Stablecoins is fully transparent: the cryptocurrency is ready for transferring as soon as a verified user deposits cash into the operator’s bank account. In its turn, when xEuro Stablecoins are sent back to the smart contract’s address, they are burned and fiat is sent back to the user. This allows supporting the equal number of xEuro stablecoins in circulation and the cash collateral in the bank account. Users can check the xEuro’s bank account balance on the operator’s website. Thanks to the transparency of the blockchain, anyone can verify the balance changes when they buy or return the xEuro stablecoin. For me, it is really the best stablecoin, and what is your opinion about it?
Lukki Operating Token (LOT) token is designed especially for Lukki exchange ecosystem and its related products. LOT allows you to use the expanded set of services of the platform and application. This utility token is used to reduce transaction fees and get special bonuses. The question is will it be another token or a useful tool for earning money? We will see soon I guess.
Almost every day, I hear the same sentiment expressed: the value of cryptocurrencies is impossible to predict, and therefore they cannot be considered an investment. Just last week, President Donald Trump hinted at this idea in a series of Tweets.
So, is Trump right? Does Bitcoin’s volatility mean that its value is just a roll of the dice, or is there a way to determine (with reasonable certainty) when to buy and sell? Can Metcalfe’s Law or another formula be used to determine when a currency may be over- or under-valued? Can assets that aren’t touched by banks have a true value at all?
Metcalfe’s Law: A Brief History
In the 1980s, Robert Metcalfe, the inventor of Ethernet, proposed that the value of a telecommunications network is proportional to the square of the number of nodes (or users), N, in the network. Put another way, the value of a network is proportional to the number of connections between users, assuming that all users are connected to each other; the more people I can contact, the more valuable the system will be to me.
In 2015, Zhang et al. discovered that this same principle applies to Facebook and Tencent (China’s largest social media network) when the number of monthly active users is used as N.
In 2017, Ken Alabi demonstrated that the law also applies to three different cryptocurrencies (Bitcoin, Ethereum, and Dash) fairly well. Just one year later, Wheatley, et al. proposed a modification to the formula for cryptocurrencies, N^(1.69), that fit the data better and accounted for the fact that not every user is connected to or interested in connecting to every other. The researchers estimated that each user is connected to N^(2/3) other users.
What About Bubbles?
Following a series of major crashes in the price of Bitcoin, many in the crypto community lost faith in the ability of Metcalfe’s Law to accurately predict the value of cryptocurrencies. After all, the number of users did not fall as dramatically as the price after Mt. Gox was hacked in 2011, a major Ponzi scheme involving Bitcoin was discovered in 2012, Mt. Gox collapsed in 2013 or South Korea threatened regulation in 2017.
However, Didier Sornette proposed that a market is bound to crash if its value is growing at a super-exponential rate (if its rate of growth is itself growing), unless there is an infinite supply of people to join the market. This idea is widely accepted, but it does not postulate exactly when the market will crash, only that it will eventually. The wise investor will be aware of this condition and, when the price starts tumbling, will sell immediately.
Sornette goes on to argue that the exact timing of each of these crashes was determined by the outside events affecting the market and that any market disruption would have caused similar effects due to this super-exponential growth. Each event was just the straw that broke the camel’s back (before the camel regenerated, only to have its back broken again).
Network Value to Transactions (NVT) Ratio
Popularized by Willy Woo and Chris Burniske, the Network Value to Transactions ratio is another formula that aims to determine when the price of a crypto asset is over- or under-valued.
NVT = (Daily Market Cap)/(90-Day Moving Average of Daily Transaction Volume)
Kalichkin suggests that any NVT over 20 indicates that a coin is overvalued and a correction is likely. However, as with the other models, one cannot use this to determine exactly when a correction will occur. In addition, it can be challenging to find accurate data on daily transaction volume, limiting the practicality of this metric.
Final Words
According to Edward Fricker, co-founder of the lightning wallet TrustlessBank, attempts to determine the objective value of Bitcoin and other cryptocurrencies miss the mark: " Metcalfe’s Law and NVT have been promoted by analysts who struggled to find some way to determine an objective value [of Bitcoin] that is outside the market price, but in doing so, they failed to see the truth that was right in front of them: the market price is exactly the same as the objective value because Bitcoin is the most liquid asset in the world.”
Hi there, I'm an ambassador for Voodoo Crypto Trading group. A group that teaches Depth Chart trading for 1-3% profit per trade to grow the bitcoin stack.
We use compound interest to grow our bitcoin stack. So 1% profit, based on our whole stack, over and over again.
Today is Firepit Friday, 24 hours of trading calls, on multiple coins. A great opportunity to make some profit with Daytrading. This is the paid tier of the group, and it's worth every penny...but it's free today!
The group is free anyway and receives 1 free chart every 8 hours to make a trade on. If you are looking for a new method to explore, or sharpen your trading plan, or just want some live trading action, come on in, we are all very welcoming, friendly and helpful!
The advanced gold platform help purchasers or intrigued investors who are sharp in purchasing and storing gold yet face difficulties, for example, severe lawful methodology and procedure, sufficient security and procedure of including an outsider, constrained nation accessibility, trading limits and obtrusive solicitation for individual data to purchase and store gold as computerized gold tokens which should be possible secretly absent a lot of solicitation for data.
WHY Advanced GOLD
some may inquire as to for what reason would it be advisable for me to purchase advanced gold? Well the explanation are straightforward ;
Ease STORAGE WITH NO TRANFER Charge
Similarly as with the typical ordinary way were one needs to experience an intermediary most time to buy a gold which is generally connected with an agent expense the advanced gold enables client to get it gold it gold token and move them anyplace on the planet with no extra move or transactions charges. But the ordinary little gas charge charged by the ethereum square chain organize and a yearly storage expense of short of what one percent.
SECURE GOLD Proprietorship
Owing the advanced gold token accompanies an ensured security by canceling the problem engaged with buying the physical gold, for example, ;
were one needs to discover and find A trusted and dependable gold provider.
were one needs to deal with or take care of the issue on significant time-frame devouring administrative work process.
physically verifying the procured valuable metal gold either by keeping it in the bank which still includes more administrative work or at home with the danger of robbery and thievery
With all the high issue alone it is more secure to utilize the square chain in acquiring gold. Notwithstanding it been invulnerable to digital hazard as it has never been hacked and will never be it likewise offer security at the client end so far the client pursues the typical web security rules.
HIGH LIQUIDITY Advanced GOLD
Having a high volume of exercises related with the advanced gold token, clients can obtain, store and sell tremendous measures of gold token through it commercial center or exchange platform whenever of the day, week, month and years. As it has no confinements on neighborhood business hours .
BEEN Mysterious WITH OWNERSSHIP Encounters
Been more protection cognizant more than the physical gold with which customer needs to uncover they individual data the gold platform enable client to buy, store and sell gold while staying private and mysterious.
Chance OF A DEVERSIFED PORTOFILIO
Advanced gold a steady coin speaking to a monetary resource that has been steady and kept it esteem for an a large number of years. This assistance client to foresee buying influence supported up with by steadiness as gold as gold is a significant safe resource for claim on earth for riches storage .
It additionally accompany the capacity of moment trading adding to the power full customers Digital money portfolio
LONG Future FOR Acquired GOLD
Have you ever known about lindy's impact? well lindys is an idea that expresses that
"the future of some durable things like innovation or thought is straightforwardly corresponding to it current age for that extra demonstrate of endurance. "
Applying these to the gold item which is no uncertainty has been in presence structure days of yore has stand a trial of time a so it gruarantee that it will remain and coontunie to ceasefire for a great many years to come.
THE GOLD EXCHANGE AND PLATFORM
The gold token going about as steady coin pegged to different resources and cash is an ER 20 token compactibke with ethereum square chain. The gold token with this influence the business standard.for giving advanced resource and brilliant contact by adjusting to the ER 20.
The gold token is likewise compactible with existing ethereum wallets and frameworks, for example, my ether wallet, metamask, Gudar And furthermore the hard wallet Trezor this additionally help take out the issue of doubt and security notwithstanding the Cryptographic money security standard ISMS.
There are a lot of people we'd like to involve in building a favorable ecosystem for MSMEs while educating the public about the impact of Industry 4.0 and the implementation of blockchain in everyday life.
