SuperiorCoin Analysis, Hacked: Hacking Finance

Are wij dealing with ijdel developers, or a good project? That’s what we’ll have to investigate with SuperiorCoin. There are a lotsbestemming of coins out there, and for one to keuze superiority is obviously a boost to be looked at with careful speculation – what exactly are you attempting to say, now?

The reserve currency of choice for ideas, services and collaboration.

Any currency could voorwaarde this, depending on the situation. What makes this coin special?

Superior Coin is a secure, private, untraceable currency. Unlike many crypto currencies that are derivatives of Bitcoin, Superior Coin is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation. Superior Coins main emission curve will have issued about 1.Five billion coins to be mined ter overheen 30+ years. Superior Coin protects privacy te three ways for all transactions on the network: 1 stadionring signatures hide the sending address, Two RingCT hides the amount of the transaction, and Trio stealth addresses hide the receiving address of the transaction.

So it’s based on the CryptoNote protocol, which is best demonstrated by Monero and Bytecoin. This is not a bad thing – both of thesis are valid coin efforts, and Monero ter particular holds a high value. Nevertheless, simply having stealth addresses and all this does nothing to prove why you’re “reserve currency of choice for ideas” et cetera. There’s no justification for that voorwaarde at all going on here – it’s just a projection of your own ego, it would seem, because already wij see that this coin is not superior to, at least to Monero or Bytecoin, or any other Cryptonote coin for that matter, and whether or not one believes those are competitive with Bitcoin is a private opinion.

Te any case, we’re running into a question:

Superior How?

What is the fundamental suggesting here? Another CryptoNote coin with a cocky name. That’s not much of an suggesting. There has to be something worthwhile going on here. Or are the designers simply attempting to score a buck ter all the fresh whirr surrounding cryptocurrencies? One can hardly blame them, and it happens every day, but nonetheless, it has to be considered a possibility when there are no real, differentiating offerings here.

Value Proposition

It would seem the value proposition of SuperiorCoin will be similar to other CryptoNote coins. Monero has values spil high spil $50 and often higher, whereas Bytecoin holds a petite value ter Satoshi, making it a coin that you can hold a loterijlot of and build up that way. If SuperiorCoin is added to the MinerGate podium, where most CryptoNote coins, spil well spil Ethereum, are mined, then you can see it gaining a slightly broader adoption – very likely being added to the Changelly podium after that. All of thesis moves would be definite upgrades ter the chances of this coin’s success.

The Verdict

Given everything that is known, it doesn’t look excellent, but it doesn’t look terrible either.

The risk involved with a fresh coin like this is that the founders simply proceed to dump on everyone, depressing the price. Such a risk is real and worth a total Two.Five points.

Growth Potential

The growth of a fresh cryptocurrency is unknown. If the above-outlined steps are taken, and there is liquidity spil well spil a good jury of miners, then wij can securely add Four points for growth potential.

CryptoNote coins are gaining adoption because newcomers to the market don’t understand how to get into complicated mining schemes, but they can figure out how to press a button that says “start mining.” Spil such, people are looking to MinerGate spil a solution for mining, and they are mostly exposed to CryptoNote coins through this interface. If SuperiorCoin were added, its adoption would go after a similar track to the surplus of the Bytecoin forks. Wij add Two points for this.

This gives us an outcome rating of Trio.Five of Ten.

Superiorcoin Investment Details

To invest ter SuperiorCoin, you can either mine it following a guide or you can buy it through the webstek. Mining it will very likely actually yield coins, even with a CPU, so it’s worth looking into. If it’s added to MinerGate, its mining difficulty will very likely increase, but so too will ultimately the value of the coins.

Featured picture from Shutterstock

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November 30, 2017

Bitcoin contant (BCH) declined sharply on Wednesday, spil the market pulled back from large gains earlier te the week. The decline occurred ter lockstep with a broad correction for the original bitcoin, which shortly fell $Two,000 after hitting fresh record highs.

BCH/USD Price Levels

Bitcoin metselspecie wasgoed down more than 10% early Thursday before paring losses. At press time, the digital currency wasgoed trading around $1,380, or less than half of its all-time high.

BCH/USD trade volumes have exceeded $Two.Five billion overheen the past 24 hours, with South Korea’s Bithumb accounting for more than a quarter of the daily turnover. Europe-based HitBTC eyed harshly 10% of the daily traffic.

The broad decline te bitcoin metselspecie came spil prices failed to shove across $1,700 earlier te the week, resulting te a downward correction. Prices have since moved sharply below a bullish trendline and are scarcely clinging on to a major support level around $1,450.

Bitcoin Metselspecie to Increase Block Size

Developers at bitcoin specie have made plans to increase the digital currency’s block size ter the fresh year. The initiative wasgoed announced ter a year-long roadmap that appeared Tuesday on

“Our top priority for Bitcoin Contant is to keep improving it spil a superb form of money. Wij want to make it more reliable, more scalable, with low fees and ready for rapid growth,” the developer said. “It should “just work”, without complications or hassles. It should be ready for global adoption by mainstream users, and provide a solid foundation that businesses can rely on.”

BCH metselspecie split from the original bitcoin back ter August after a minority of the mining community backed a large block size increase. By enhancing the block size, backers hope to make cryptocurrency more user-friendly for transaction purposes. Opponents of bitcoin metselspecie argue that the fresh protocol could undermine the blockchain’s security.

Bitcoin Alfabet said a secondary objective of boosting block size is to improve features to permit for timestamping, representative tokens and more complicated transactions.

BCH largely struggled out of the gate, with investors disavowing the cryptocurrency te favor of bitcoin and a petite handful of altcoins. Sentiment quickly shifted earlier this month after the backers of the Segwit2x hard fork abandoned their mission. This triggered a thick spike for BCH at the expanse of the original bitcoin.

There is no evidence to suggest that the mining community will support Segwit2x te the near future. However not technically dead, the fresh Segwit protocol’s implementation window has narrowed significantly. Like bitcoin metselspecie, the 2X upgrade wasgoed intended to make bitcoin more relevant from a transactions perspective. Albeit bitcoin is widely expected by many merchants, it’s primary use is to store value.

To that point, the BTC/USD exchange rate spiked above $11,000 on Wednesday for the very first time everzwijn. Prices declined sharply straks ter the day, but were back above the $Ten,000 threshold by early morning Thursday.

Disclaimer: The author possesses bitcoin, Ethereum and other cryptocurrencies. He holds investment positions te the coins, but does not engage ter short-term or day-trading.

Featured photo courtesy of Shutterstock.


November 29, 2017

The cryptocurrency market might have experienced a classic blow-off top today, with the help of the historic rally ter Bitcoin that carried it past the $Ten,000 (and the $11,000) level before turning sharply lower during the 2nd half of the session.

Wij warned of a nearby top ter latest days, and altcoins also showcased signs of overheating with almost all of the majors reaching overbought territory on all time-frames. BTC has no major support levels until $8200, and a quick budge to that zone would be normal after the monster rally. Further support levels are still found at $7700, $7000, and $6700, and a budge towards the previous major break-out level at $5000 is still not out of the question.

BTC/USD, 4-Hour Chart Analysis

Ethereum Classic has bot one of the leaders of the surge, until getting severely overbought on all time-frames yesterday. The coin already plunged back to the very first major support zone at the prior high near $23, and wij expect further corrective price activity, given the spread long-term picture, with major support levels at $Eighteen, $16, and $14.50.

ETC/USD, 4-Hour Chart Analysis

All of the majors got caught ter the wave of selling, and the state of the market is switching very quickly, but wij advise traders to wait with injecting fresh positions even during the likely bounces te the coming days, spil the overbought readings should be cleared before a durable rally. Let’s see the crucial short-term charts te detail.


November 28, 2017

The historic rally te the cryptocurrency reached even higher today, with Bitcoin getting even closer to the $Ten,000 mark and some altcoins experiencing another day of lofty gains. Albeit today’s rise is not spil broad spil the rally of the latest days, the segment succesnummer another all-time high regarding capitalization above the $310 billion mark, with BTC adding the most ter market value again.

The last major coin on a short- and long-term buy signal, Ripple, eventually joined the party, spil it surged past the $0.26 resistance and it’s now headed towards $0.30 after a lengthy period of relative weakness. The coin is still yet to turn overbought, and a rally past the long-standing resistance zone inbetween $0.30 and $0.32 is now possible ter the coming days, albeit the majority of the market is now ripe for a deep correction.

XRP/USDT, 4-Hour Chart Analysis

Ethereum Classic scored the largest percentage gains today, and that triggered a short-term sell signal, so now wij advise investors and traders to only keep their core holdings and wait for the next deeper correction to open fresh positions. Trailing stops are ideal for exiting trades during such break-outs, with the very first major support zone only found at $23.

ETC/USD, 4-Hour Chart Analysis

Litecoin and Monero also gained further ground today, spil the positive short-term signals remain active, while Ethereum continued to consolidate near our primary target at $475. IOTA klapper a record high above the $1.1 level, despite its already overbought state, while Dash and NEO drifted slightly lower. Let’s see how the short-term setups of the majors.

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