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We Scored Big On Mysterium (MYST): Here’s What’s Next
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We Scored Big On Mysterium (MYST): Here’s What’s Next
on Mysterium (MYST). At the time, MYST had just come off the back of a couple of really tough months and, during this period, had depreciated considerably from a market capitalization perspective.
That was on the wider timeframe charts, at least. When you zoomed into shorter time frames, things started to look a little different. We suggested that near-term action could indicate a return to the overarching upside momentum that had dominated this coin throughout July and August last year and, if this was the case, then-current pricing could be a great opportunity to pick up some cheap tokens in line with (and in advance of) a recovery.
As the chart shows, MYST was trading for around $0.66 per token at that time. Fast forward to today, January 12, 2018, and the coin goes for $3.21 piece, having corrected over the last few days from highs in and around $4.52.
From our highlight price to highs, that’s a 584% appreciation.
Well, as mentioned, the market is currently correcting and we think current action represents something of a consolidation phase for Mysterium. If this is the case, we could be once again looking at an opportunity to pick up some cheap tokens ahead of the market reversing to trade to the upside.
If this market is going to strengthen, it’s likely going to need some sort of fundamental catalyst to get things moving again. Wider market sentiment is relatively weak right now and it’s unlikely that collateral positivity on its own is going to be enough to push prices higher.
As such, we’ve got to look at the company behind the token to try and figure out if there is anything on the horizon.
, outlining development progress and highlighting certain milestones slated for near-term reaching.
And one of these milestones is a major one – a closed pre-Alpha of the company’s platform set up to facilitate testing. It will be a location shifting VPN service (without payments), accessible to the most active community members who have agreed to test it and share their feedback.
As a quick note, and for anybody new to this token, Mysterium is set up as a decentralized VPN built on blockchain technology and its proprietary token, MYST, is the token that will be used to facilitate payments across the network.
So, reportedly, once the pre-Alpha is in place and has been thoroughly tested to identify bugs, Mysterium is going announce approximate times of other releases. Once these dates are in place, markets will finally have some concrete timelines on which to focus as far as when this platform will be live is concerned.
That’s a major development in the sense that it removes a large portion of the risk associated with picking up tokens in anticipation of future growth and, as such, we expect it to drive a large wave of speculative volume flowing towards the company by way of its MYST tokens.
For us, this is more than enough of a near-term catalyst to get MYST moving to the upside once again.
We are going to be keeping a close eye on how things play out over the coming weeks as, by next month at the latest, we expect the pre-Alpha to be open and price to have finished consolidating.
We will be updating our subscribers as soon as we know more. For the latest on MYST, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Here’s Why $1.00 Is Just The Start For SmartCash (SMART)
Mysterium (MYST): What is Mysterium and Why Should You Care?
We Think Mysterium Is About To Stage A Long Term Upside Reversal
After cryptocurrencies became prominent in the last few years, so did their numbers, and we currently have almost 2000 different digital coins to choose our favorites from. While this is a good thing from one angle, it can also be a bad thing for another.
The rise in many cryptos shows that the interest in them is big. Different coins and blockchains are dedicated to solving different issues, which is seen by many as a step in the right direction.
However, this also makes it harder for investors to focus on a single coin, with so many others being there to distract them. Furthermore, it often happens that the true potential of one coin gets unnoticed due to the fact that the crypto is buried in the sea of other digital assets.
NEO is one such coin, and many believe that it is hugely undervalued. While
does have its own loving community, it would appear that the majority of investors are not aware of NEO coin true potential. Because of this, the investors are missing out on a great opportunity, while NEO’s way to greatness receives even more obstacles than the crypto would usually have to face.
With that in mind, we believe that NEO deserves more attention, especially when it comes to its finest aspects. It is a high-quality coin with a real chance to be a moonshot, and it just needs to be recognized as such.
NEO Coin was founded back in 2014 and was created by Da Hongfei under the name of Antshares. After a while, it changed its name to NEO, and it upgraded its smart contracts to a much better quality. Its goal is to create a fully-functional smart economy which would integrate digital assets, smart contracts, digital identities, and more. This smart economy would be functioning as a P2P network, with no need for a middleman in any sort of transactions.
has gathered an excellent team, great technology, numerous unique features, and has become very developer-friendly. Its community of programmers has grown a lot over the years, and the coin has supporters all around the world.
Now that we know the basics, let’s take a look at some aspects of NEO that actually make it a potential moonshot. In the end, you may start sharing this opinion as well, especially after reviewing some of this project’s best features.
Most blockchains are developed with the creation of dApps in mind, and NEO is no different. Its dApps cover many different sectors such as gaming, IoT, music, WiFi sharing, advertising, and more.
And while the launch of a smart contract is a bit more expensive on NEO than on Ethereum, this will likely help maintain only the best-quality projects on the network. Ethereum has far more dApps developed so far, but a lot of them are not of high quality and are only clogging the system.
It should be noted that NEO has a special domain NEO.Game, which is an exceptional platform from game development on the blockchain. So far, the coin’s team has assigned more than $30,000 in rewards for gamers on the blockchain. Right now, there are more than 30 games that NEO blockchain is creating.
We should make a point that blockchain gaming is not the same as gaming as most of us know it since it mostly focuses on earning virtual assets. These assets can then be sold or traded, and many believe that gaming is the easiest way for cryptos to enter the mainstream.
Smart contracts are one of the biggest aspects of any blockchain, and as such, they need to be as easy to make as possible. Otherwise, they will not be available to a lot of people, and the blockchain will lose in terms of popularity. This is something that NEO understands, and its blockchain supports several programming languages, like Java, C#, F#, Kotlin, and VB.Net. The team is even planning on introducing more languages, which will make NEO smart contracts even easier to create.
that is focusing so hard on development, as well as on creating excellent and easy-to-use development tools, it is not surprising that its developer community is so vast and supportive. NEO organizes meetups, creates new tools all the time, and even provides tutorials for aspiring developers.
It is all done with a goal of creating the best open-source community out there. This is one of NEO’s ultimate goals, and so far, it has done pretty well in this field.
Cross-chain interoperability is a very much desired function in the blockchain. This is, basically, a feature that allows cross-blockchain contracts within a single smart contract. In NEO’s cases, the feature was brought by NeoX protocol.
This protocol also makes NEO compatible with numerous other blockchains, with the only condition being that they support a simple smart contract functionality. For now, the feature is still in development, with the release date still pending.
NeoFS is a distributed storage protocol for NEO, and it utilizes
. This technology is allowing smart contracts to break up data files into smaller groups, and store it in the network’s nodes. When the user proves their identity, they can access these files with no issues.
Next, we have governance, which is one of the most significant aspects for a cryptocurrency, since it shows whether or not it is decentralized. NEO has received some criticism that claims that its nodes are centralized, especially since the project’s developers control the majority of them. NEO has, however, made efforts to decentralize them since.
With nodes being decentralized, the coin holders will be in charge of the blockchain, with decisions being brought via voting.
The speed of transactions is yet another big thing in the world of the blockchain, and NEO can reach between 1,000 and 10,000 Transactions Per Second (TPS). This makes it much, much faster than Ethereum, which can only handle around 15 TPS.
Because NEO does pretty much the same things as Ethereum, only much better, many have speculated that it is only a matter of time before NEO replaces
. However, this has yet to happen, and even though NEO is stronger and more modern, ETH manages to stay relevant.
Next, we have NEO VM or NEO Virtual Machine. It is similar to Java VM, even those with no connection to a blockchain. Mysterium Coin Price Prediction , even those with no connection to a blockchain.
Finally, there is the matter of partnerships. NEO coin has done pretty well for itself even here, partnering up with large venture capital funds, like its own NEO Global Capital, or Fenbushi Capital.
Most recently, NEO has been looking for partners in the gaming industry, which has le it to Parasec Frontiers. This is a company that is creating MMO games on the blockchain, and NEO has decided to join in on this project.
It also entered an agreement with a firm called Elastos. The deal is to explore common apps and technologies so that the smart economy can be developed even better.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full
Only two days ago, August 23, the US SEC once again rejected all
requests, this time filed by Direxion and ProShares. Experts claim that the reason behind the rejection is fear of ETFs leading to fraud and market manipulation.
About a month ago, the SEC stated that market manipulation is a real concern, which is why they rejected the Bitcoin ETF request filed by the Winklevoss twins. The twins managed to establish Bitcoin’s values through the use of their crypto exchange, Gemini, which is said to be strictly regulated.
However, this was not enough for the SEC, and the Commission stated that the markets can be relatively easy to manipulate, given the opportunity. Relying on one single exchange to dictate Bitcoin ETFs’ value would be exactly one such opportunity. Bitcoin ETF can potentially lead billions in new capital to the market, and this is too serious an amount, and represents a high risk to the economy, in general.
Prior to the refusal, the twins were convinced that their proposal actually had a good chance to be approved. This was additionally supported by Nasdaq’s involvement, which is the second-biggest stock market in the world.
is involved in Gemini’s operations so that all tradings and the market itself would always remain authentic and completely transparent.
After the SEC rejected the request of the Winklevoss brothers, it received new proposals filed by Direxion and ProShares. Their proposals used CME and Cboe futures markets, which are also very strictly regulated, to try and establish their ETF’s value. However, the SEC found a flaw to this proposal as well and stated that, while CME and Cboe are, in fact, regulated markets, the BTC futures markets are not large enough to be used for establishing the value of ETFs.
According to the government enforcement defense and securities litigation attorney, Jake Chervinsky, the real reason for the SEC rejecting all of these ETFs is the risk of fraud and market manipulation. If the ETF’s design significantly lowers or even prevents these risks Mysterium Coin Price Prediction , then the SEC would approve it. Unfortunately, these ETFs are not designed in such a way.
He also said that the SEC was not satisfied with the two institutions’ efforts to only rely on the futures markets. This is due to the fact that the majority of BTC trading still goes down in unregulated exchanges and markets. This makes the BTC futures markets too small, as well as unable to provide enough information regarding the market participants’ identities.
market grows, and regulated financial institutions expand enough to create bigger futures markets, the SEC might change its mind regarding the ETFs backed by derivatives. However, for now, the SEC has no intention to approve marked-backed futures in the US. Even so, many believe that the ETFs filed by Cboe and VanEck have the highest chance to actually be approved in a relatively short period, which remains to be seen.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full
The First ‘Ready Player One’-Style Gaming Multiverse is Forming on the Blockchain
A syndicate of six game development studios has banded together to create the world’s first decentralized gaming multiverse by utilizing the blockchain to allow players to own assets that can be used across multiple games.
are all utilizing Enjin Coin’s blockchain development platform to integrate gaming assets stored on the Ethereum blockchain and have committed to creating the first ever gaming multiverse. Players who own these cutting-edge multiverse assets will be able to find and use them in multiple games, enabling developers to cross-promote while offering their players a completely unique inter-universe experience.
Age of Rust creators SpacePirate Games, the first to announce their intent to utilize Enjin Coin as a multiverse platform, sent out a tweet on August 14:
“Decentralized player-owned game items supported by other games is the next evolution in gaming. It’s the ‘ready player one’ type of universe & we’re working with other games to start it. ERC-1155 with @enjin makes this dream a reality. #blockchaingames #enjin.”
Since then, which will allow players to find and use selected items in all participating games. Mysterium Coin Price Prediction , which will allow players to find and use selected items in all participating games.
In theoretical physics, a multiverse is a hypothetical collection of universes, including the one that we see around us. The various universes within the multiverse are often referred to as “parallel” or “alternative” universes.
, a 2018 blockbuster movie that grossed half a billion dollars, popularized the concept of the gaming multiverse with its depiction of the “OASIS,” a sprawling collection of gaming landscapes that citizens of the world use to escape the daily struggles of living in a dystopian future. In the OASIS, players can move seamlessly through parallel gaming universes while taking their avatar, items, weapons, and currency with them.
’s Oasis is owned by a single person, the multiverse growing on the blockchain is completely decentralized and is developing organically through collaboration and innovation. Though all of the games in the multiverse are using Enjin Coin’s platform to create and integrate their blockchain assets, the multiverse is not governed or controlled by a single entity. Any game developer can create blockchain assets or integrate those that already exist, however, Enjin’s platform enables developers to do so without any prior knowledge of or experience with blockchain development.
Players will soon be able to own an entire collection of multiverse assets to take with them from game to game. Eventually, developers will also be able to collaborate and enable players to level up in multiple games simultaneously, using the blockchain a developer can allow character interactions in other games to affect the character’s status in their own. The full range of possibilities is yet to be explored, from finding assets in games that can be used in others, from finding assets in games that can be used in others Mysterium Coin Price Prediction
Previous projects that have attempted to take on the mammoth task of creating the multiverse have been unsuccessful. Most notably, Multiverse Inc., which was founded by a group of Netscape veterans and had James Cameron on their advisory panel, rose to spectacular heights, signing up 10,000 game developers to their platform by 2008. The company began production of the platform in 2004 and ceased operations seven years later, citing lack of revenue as the reason for closing its doors in 2011, leaving 10,000 game developers to find new platforms.
Interestingly, Multiverse earned revenue through a profit-sharing model which allotted them 10% of adopting games’ profits, whereas Enjin is offering their blockchain development platform to early adopters for free. Enjin Coin first started building the blockchain development platform in June 2017 and gained crowdfunding through an ICO a few months later. With CryptoFights and Forest Knight slated for release in late 2018, Enjin Coin has enabled the frictionless integration of multiverse assets into games by creating a comprehensive suite of blockchain development and support software—all in just over a year’s time.
Aptly titled “Blockchain SDK by Enjin” (software development kit), Enjin Coin’s Unity Plugin is currently being used by early adopters and has been submitted to the Unity Asset Store, which will put it within the reach of 4.5 million developers. Through this partnership, Unity will promote “Blockchain SDK by Enjin” and host it on the front page of their Asset Store.
Enjin has also released the Enjin Smart Wallet, a secure multi-token cryptocurrency wallet design to store, manage, and protect gaming assets. Widely considered the world’s most advanced cryptocurrency wallet, the Enjin Smart Wallet is more secure than the majority of banking and finance apps. Enjin will also release the EnjinX blockchain explorer, which will act as an encyclopedia for the blockchain, enabling players to verify the data attached to their items and developers to seamlessly import asset data into their games.
All items minted using Enjin’s development platform are backed by a nominal amount of Enjin Coin (ENJ) to certify their authenticity. This means all a developer needs to create and adopt multiverse assets using the Blockchain SDK by Enjin is a small amount of ENJ.
To celebrate the birth of the gaming multiverse, Enjin will also be hosting a ‘Ready Player One’-style scavenger hunt, giving players the chance to track down, find, and win items backed by millions of ENJ.
For more information, ask the Enjin Coin Telegram group:
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