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New Innovations in Blockchain Technologies to be Showcased in Bangkok Next Week

BANGKOK–(BUSINESS WIRE)–#Agora—SYNCHRONIUM®, a London based blockchain company, with global headquarters in the USA, Turkey, Georgia and the Pacific, will be showcasing cutting edge developments in blockchain technologies and sponsoring the WBS Trescon World Blockchain Summit in Bangkok December 1-2, 2019.

As a Forbes featured company in innovation, SYNCHRONIUM® is well known for its hybrid innovations in blockchain platforms for both industrial and omni use-cases, including SynchroBit™ Hybrid Exchange, SynchroLedger™ Hybrid Blockchain Framework, and SynchroNet™ Hybrid Blockchain with the capabilities to handle about 1,000,000 TPS.

As featured on Yahoo! Finance, the SynchroBit™ platform is the world’s first Hybrid Multi-purpose P2P Digital Assets Trading Platform for trading all kinds of digital assets including cryptocurrencies, energy, and precious metals etc., with both fiat and major cryptocurrencies. SynchroBit™ provides innovative trading solutions for both rookie and professional traders, including binary trading options, margin trading, and many more.

SynchroBit™ operates on the latest generation of blockchain technology and robust security features, in addition to its native monetary system, SynchroBit Coin (SNB), an ERC-20 Token.

The SynchroBit™ ICO started in Three Rounds, and in the first two weeks of the Round 1 offering, reached its soft cap of $3 million (US Dollars).

As planned, the third round of the ICO will run for about ten days beginning December 1, 2019. The SynchroBit Coin (SNB) will be listed on over 20+ partner exchanges, including BitForex, P2PB2B, SIMEX, Systemkoin, Mercatorx, Shortex, CoinBene, CoinLim, Tidex, IXX, Atomars, Alderdice, Crex24, CoinsBit, BTC-Alpha, etc., following the ICO, in 2020.

The IEO will be conducted beginning in December 2019 on leading exchanges including P2PB2B, LiveCoin, Shortex, Alterdice, and other partner exchanges at 1 SNB for $0.50. Due to its extensive usage, listings and partnerships, the IEO of SNB is expected to be one of the largest in recent years.

Recently, the SynchroBit™ team successfully participated in the Blockchain Life 2019 conference in Moscow, Russia and World Blockchain Summit in Dubai, where their team and project received the top exhibitor award.

SYNCHRONIUM® is growing rapidly and represents innovation in blockchain technologies. The unique SynchroLedger™ blockchain fabric is faster than any other platform available on the market.

During the World Blockchain Summit in Thailand, in addition to presenting the new features and developments on SynchroBit™ Hybrid Exchange, the SYNCHRONIUM® team is going to officially launch their new innovative blockchain based platforms, including:

• SynchroLedger™: the unique hybrid blockchain framework which is considered to be one of the fastest cross-industry platforms available on the market!

• SynchroChain™: the unique hybrid blockchain based integrated supply chain management solution.

• WinkPay®: the revolutionary all-in-one hybrid blockchain based payment processing system with unique features.

• PikChat™: the innovative blockchain based chat and communication system with dozens of use-cases for both business and omni usages.

• Agora: a very unique blockchain based AR platform with extensive features and usages for entertainment, and real estate businesses.

SYNCHRONIUM® is providing solutions to companies, governments and financial institutions around the world. Look for new innovations from the SYNCHRONIUM® team and their diversified platforms bringing advantages of blockchain technologies and innovations to real life and business applications.

Connect with SYNCHRONIUM®

Platform (MVP): https://synchrobit.io
ICO website: https://snbtoken.io
Telegram: https://t.me/snbex
Twitter: https://twitter.com/synchrobit

Contacts

Suvrangsu Das

For Cryptoworldseo

+91-8961559692

[email protected]

Samiran Mondal

For Cryptoworldseo

+91-9647011010

[email protected]

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Business Wire , 2019-11-27 15:02:16 ,

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NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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