💟 Market Health (October-19) In this period, BTC is approaching the $64000 zone and it will take more time to conquer this zone. And in the past few days Altcoins are accumulating quite a lot but the price is still decreasing, so we can expect that in the next few days Altcoins will have rapid and strong price increases and it will be very difficult to buy these coins at good price range. Let's continue to accumulate according to our plan
💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
KNC has conquered the $1.50 zone and is moving towards the 1.8 and 2.3$ zone this August. If it loses the $1.50 zone, then the $1.30 zone is still a reliable support
📈RED PLAN 🔴Buy : 1.46-1.54$. SL if B
🔴Buy : 1.76-1.84$ if A. SL if B
📉BLUE PLAN 🔴Sell : 1.76-1.84$. SL if A
🔴Sell : 2.25-2.35$. SL if A
🟣PURPLE PLAN 🔵Buy : 1.27-1.33$. SL if B
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Kyber is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). In 2019, Kyber ranked as the most widely used DeFi application on Ethereum.
Unlike other protocols, Kyber Network is fully built on-chain, without any off-chain component, and allows instant settlement of token-token transactions (e.g., MANA to BAT).
At its core, the Kyber Network interacts with a system of reserves, i.e., liquidity pools, working as pre-automated market-maker on the blockchain. There are three types of reserves: Price Feed Reserves (work with an off-chain component), Automated Price Reserves (built on an automatic algorithm within a smart contract), and Bridge Reserves (permissionless third-parties e.g., Uniswap, Bancor).
Kyber Network is an implementation of the Kyber protocol on Ethereum. It is by far the most used implementation of the protocol. However, the Kyber protocol itself has been deployed in alternative blockchain like EOS (YOLOswap) and TomoChain (TomoSwap). In addition, the project team has been working on cross-chain protocol like Waterloo to allow EOS/Ethereum token swaps.
The Kyber Network Crystal (KNC) token is an ERC-20 token running on Ethereum used to connect multiple participants in the Kyber Network ecosystem, including both liquidity contributors and different entities building on the protocol. For instance, to operate and provide token liquidity, third-party token reserves are required to use KNC to pay for their operation in the network as Kyber Network charges transaction fees in KNC from these reserves.