As blockchain continues to disrupt processes across industries, niche coins — with hyper-specific purposes — have been grabbing their own little pieces of the crypto market. This trend of niche-specific ICOs is perfectly reflected in CannabisCoin (CANN), a blockchain cannabis solution. The CannabisCoin team aims to decentralize marijuana delivery for medical (and legal) marijuana users across the world.
The primary driver of CannabisCoin is the crypto elements, which looks to service the cannabis industry. This proof-of-work coin uses the same infrastructure as Bitcoin, which was a popular method for early blockchain adopters. This means that the coin halves, has a set reward-per-block, and uses Bitcoins original algorithm structure (POW + KGW.) It’s important to note that CannabisCoin has been established for four years now, which makes it one of the older coins on the market.
One of the tweaks that the Arizona based crypto-startup made on the original Bitcoin infrastructure was to reduce the hardware requirements (i.e., processing power) to mine the coins (X11 algorithm.) Currently, consumer-grade mining equipment can solve the coin equations, with an average mine rate of 42 seconds. Of course, CannabisCoin shares the same core features as Bitcoin (i.e. decentralized, gamified, mined, etc.)
Initially, the founder (known as Ty) started a movement — Yes We CANN! — which sought to get growers onboard with the decentralized currency to boost usage. The movement started with a ratio of 1 gram: 1 CANN, which has now changed to 1 gram: CANN ratio (being the equivalent coins-to-dollar.) Marijuana sold through this effort is called CANNdy.
The Current State of CannabisCoin
CannabisCoin is sold on four markets currently — Yobit, Cryptopia, CoinExchange, and Bittrex.
As usual, exchanges allow you to buy CannabisCoin using any of the other coins (Bitcoin, LITE, Ripple, etc.)
Currently (December 2018,) there are 77.23 million CANN in circulation with a total market cap of $400,783. The future status of CannabisCoin (like all cryptos) is difficult to ascertain. At launch (Aug 2014) CANN was $0.0003 per coin and stands at $0.005 today. The market high was $0.359, which makes the coin volatile.
This volatility proves some inconsistencies in the original model, which was aimed at offering a 1:1 ratio per gram of marijuana. But, with prices situation at half-a-penny a coin, that ideology hasn’t come to fruition. This makes CannabisCoin a primarily traded coin — as utilization was initially tested but has since halted. In 2018, there are no known dispensaries that accept CANN.
The Model of CannabisCoin
The original CannabisCoin structure had a unique value proposition. It’s important to note that CANN was one of the first three coins (PotCoin, DopeCoin, and CannaCoin) to attempt to align coin values with real products — namely, marijuana.
Despite the initial burst popularity of CANN, the external infrastructure couldn’t handle the original intent of the product. There were few dispensaries (1 initially confirmed, which no longer accepts CANN) and no external growers to support the internal infrastructure, which is still running smoothly.
While there are no current applications for CannabisCoin, the model that CannabisCoin helped derive — coins for physical products — is still a strong offering in the blockchain community.
CannabisCoin’s unique infrastructure and 1:1 ratio model are both incredibly exciting offerings from a blockchain startup. Unfortunately, there are no current adaptors of “Yes We CANN” rendering the coin virtually useless for transactional purposes. This is a coin that will continue to be traded until it ultimately dies away unless it’s resurrected during upcoming legalization talks.
Brennan is a blockchain technical adviser in the healthcare sector and blockchain entrepreneur who has worked on developing proprietary concepts for both artificial intelligence and enterprise blockchain. He is a graduate of Rutgers University School of Health Professions where he earned a M.S. in biomedical informatics.
Polkadot Price Prediction -How High Will DOT Price Go?
The growing crypto world has enabled the rise of new projects which aim to bridge the gap between the traditional financial system and that of cryptocurrencies. Started back in 2017, Polkadot came in mainstream media recently, when it secured its position in the top 10 from nowhere. In this writing, the complete history of the …
The growing crypto world has enabled the rise of new projects which aim to bridge the gap between the traditional financial system and that of cryptocurrencies. Started back in 2017, Polkadot came in mainstream media recently, when it secured its position in the top 10 from nowhere.
In this writing, the complete history of the token and future estimate is covered with accurate information.
Table of contents
What is Polkadot?
Polkadot is considered as one of the most pioneering projects based on a multi-chain framework that can be a competitor. It aims at providing the most advanced peer-to-peer network for numerous blockchains.
Polkadot was developed by Swiss-based Web3 Foundation looking forward to provide a fully functional and user-friendly decentralized platform. The main features of the polkadot platform are listed as,
- Strong interoperability approach
- Shared security of relay chain & parachains
- Performant, sharaded netwrok
- Sophisticated governance process
- Easy blockchain setup
After conducting an ICO in 2017, Polkadot launched an experimental and unaudited version called ‘Kusama’ in 2019 and recently, in May 2020, the Polkadot mainnet was launched.
Polkadot’s native token is DOT which intends three main purposes- governance over the network, staking and bonding. In September 2020, a sudden spike in the market capitalization made the token enter the top 10 cryptocurrency list. However, Dot is not an ERC-20 token, rather a Polkadot blockchain based cryptocurrency.
Polkadot(DOT) Price Today
Polkadot currently manifests a great potential in reaching highs. The asset which had dipped in the past couple of days has risen to heights in very small time frame. However, it always gave a tough try to reach to its current all-time high but woefully dipped below.
DOT price is $4.28 with a massive gain of 7.40 percent in the last 24-hours which is considered as a good start to enter the correction phase. Currently, the community has showcased intensified buying which is giving a nice push to the DOT price. The most prominent aspect for the asset would be to break the current all-time high and move to new levels.
Polkadot(DOT) Technical Analysis
The polkadot foundation conducted a successful ICO in October 2017, raising over $140 million and sold nearly half of 10,000,000 DOT supply. But unfortunately, the company was driven by losses which compelled them to conduct two rounds of private sale, one in 2019 and other in 2020.
During the ICO days, a single DOT was priced at nearly $30 but in August 2020, the DOT holdings were redominated. Meaning, for the users who bought a coin for $30 were presented $100 new coins for $6 each. Therefore giving a total value of $600 for one coin.
Considering the journey of DOT token, it initiated with a redonimated price of $6 but later a sudden crash led the token down to $2.81. With the new redonimation, many tokens were created which led to a sudden spike in the market capitalization from zero to more than $5 billion within a day. Hence it entered the top 10 cryptocurrency list in a very small time frame.
The current technical indicators for DOT are as follows,
- Price at press time is recorded as $4.28
- The resistance level for the current price is $4.58
- The support level is formed at $3.76
- The current technical indicator points at ‘buy’ signal
However, if the token successfully clears the current resistance level, the next level to clear are formed at $5.61. Further to this, another push is subsiquently required to push the prices to touch and surpass the current all-time high at $6.84.
DOT Price Prediction
Polkadot Price Prediction for 2020
As mentioned earlier that DOT price has manifested the potential to surpass the current all-time highs. In order to do so, the first level to cross would be surrounding $4.5 which is speculated to be attained by November 2020.
Further to this, the price are expected to surge even more to hit the next target set around $5-$5.4 by the end of 2020 in december.
Polkadot Price Prediction 2021
Polkadot price in the start of year 2021 is expeceted to carry forward the price in December 2020. The price of the digital asset is expected to swing in between $4.5 to $5.3 in January 2021.
Further, by mid of 2021, in June-July 2020, the asset is expected surge accumating nearly 20-25 percent gains. The DOT price is expected to surge to $7 to $7.25 by the mid 0f 2021 and by the end 0f 2021 in December, the price may come close to $10.
Dot Price Prediction for 2020-2025
The DOT price is as per analyst has a steady growth and possess less frequency of a steep decline. However, the market behaviour cannot be fully determined as it tends to swing at its own pace.
The start of 2022 would be a good phase for DOT to be priced above $8 or at higher side, the price could touch $10 too. The 2022 would end escalating the price above $11 levels which might go as high as $12.
In January 2025, the prices are expected to rally close to $20 to $25 which is anticipated to touch above $35 by the mid of 2025. The 2025 would end by bringing the DOT price to somewhere around $40 to $42 in december 2025.
Polkadot (DOT) Market Prediction
Cryptocurrency price prediction
The analysts associated with cryptocurrencypriceprediction believe, the DOT price would rally surrounding $40 by the end of 2025.
Digital coin price
Digitalcoinprice speculates the DOT price to touch $8.43 by 2021. However, their prediction for DOT price in 2025 is pretty low than the above. They anticipate the price to swing near to $13.91 by the end of 2025.
Changelly.com has predicted a nail-bitting prediction for DOT in the coming days. They present with a very scary prediction that the DOT price is expected to fall more than 90 percent and by the end of 2020 or start of 2021, the DOT price would crash down to $0.2.
Our Polkadot Price Prediction
Analysing the market predictions of the polkadot currency and based on research conducted by our team, we also speculate a good DOT momentum within the crypto space. We also believe DOT price can surge recording decent gains till the end of 2020, which could continue in the coming years.
The DOT price as per our analysis also may touch $13 to $15 by 2022 which could touch $20 in the next couple of years.
Polkadot Recent Updates
Recently, Polkadot was featured as one of the 10 diverse projects in ‘Scanning the European Ecosystem of Distributed Ledger Technologies for Social and Public Good”
Summarizing the whole story, Polkadot project and its native currency ‘DOT’ intends to provide access to multiple blockchain with a strong coordination between different blockchains. The project has good potential to surge to good heights but as mentioned above the market fluctuations do not occur in favour of any project or asset.
After understanding the composition, we hope you might have got a clear picture about the Polkadot project and DOT’s possible price in the coming five years.
So, when do you feel is the appropriate time to invest in the DOT project? Do let us know after conducting your own research.
Polkadot is an project that aims to bridge the gap between n number of blockchains by building better cordination between them.
The current all-time high lies more than $6 which is pretty tough for the DOT to attain by the end of 2020. But yes, it may surge above the levels in the coming year.
As per some analysis, DOT price is however expected to reach $40, but the path seems to be pretty tough.
NO, DOT is not an ERC-20 token but a asset build and developed based on Polkadot blockchain platform.
New Huawei Mate 40 Phone Includes Hardware Wallet For Digital Yuan
The Huawei Mate 40 smartphone comes with an in-built wallet for China’s digital currency.
- Huawei’s Mate 40 smartphone comes with an in-built hardware wallet for China’s digital currency.
- The release follows China’s recent public experiment with digital currency in Shenzhen.
- China has been working on a central bank digital currency since as early as 2014.
Huawei’s new smartphone, the Huawei Mate 40, supports an in-built hardware wallet for China’s central bank digital currency, the digital yuan or DCEP (Digital Currency, Electronic Payment). The smartphone is reported as the first of its kind that enables a hardware wallet for the Chinese digital currency.
The smartphone delivers hardware security and anonymity, and is reportedly also capable of initiating transactions while offline.
The announcement that the new smartphone will come with a digital yuan hardware wallet comes after China’s public trial of the central bank digital currency.
Earlier this month, nearly two million Shenzhen residents signed up to take part in a digital yuan experiment. Those who signed up enjoyed a distribution of 50,000 digital gift envelopes that contained 200 yuan each.
This was reported as the first time China had experimented on digital currency with the general public, yet China has been laying the groundwork for a central bank digital currency since as early as 2014.
Huawei’s Android swansong
As a result of US sanctions restricting access to some of the advanced tech required to make these smartphones, the Mate 40 may be the last Android-powered Huawei smartphone.
Notably, the smartphone’s Kirin 9000 chip is made by a Taiwan-based manufacturer, whose partnership with the tech giant has now been forced to end as a result of sanctions.
More obvious to the everyday user, US sanctions have also restricted Huawei software from using Google’s core services, such as YouTube, Gmail, and the Google Play store.
Huawei Mate 40 specs
The Huawei Mate 40 takes inspiration from the previous Mate 20 model. Weighing in at 188g, it sports a 6.5in 1080 x 2376 OLED screen with a 90Hz refresh rate and curved edges, alongside a 5nm Kirin 9000 5G chipset, 8GB of RAM and 128GB of storage.
The phone’s rear “Space Ring Design” camera array arranges a 50 megapixel f/1.9 main camera, a 16MP f/2.2 ultra-wide lens and an 8MP f/2.4 telephoto lens in an eye-catching circular design. Round the front there’s a dual-lens 13MP ultrawide camera alongside a 3D depth sensor, powering the Mate 40’s face unlock system.
Among other technological highlights, the phone features a fingerprint reader under the display, while its battery life has impressed—with one reviewer saying the Mate 40’s 4,400mAh battery “gets me through 12 to 14 hour days with 25 per cent power to spare.”
SBI Holdings CEO Promotes Ripple Labs’ Possible Move to Japan
Ripple Labs is currently at a crossroads. Based in San Francisco, the company has hinted numerous times this year that it could pack up and leave the United States. This week, Yoshitaka Kitao, the head of Japanese financial services giant SBI Holdings, welcomed the idea of the top blockchain firm moving to the Asian state.
Time to Jump Ship
In a press briefing from Wednesday, Kitao expressed optimism that Ripple Labs would move its operations base to Japan if the company decides to leave the United States. He explained that Ripple also understands this, and the company had made Japan a strong frontrunner on the list of places it could eventually move to.
Ripple’s rationale for moving out of the United States stems from what appears to be frustration with the country and its regulatory regime. Late last week, Brad Garlinghouse, the company’s chief executive, told CNBC that the firm could relocate as unfavorable regulatory conditions had become too much of a burden for them.
The company, which operates the XRP token, is one of the United States’ premier crypto firms. Garlinghouse told CNBC that the Securities and Exchange Commission (SEC) had yet to define whether its token is a currency or a security. The executive also pointed out that Ripple Labs is now facing a lawsuit from investors who claim that it offered unregistered security through its token. Regulatory clarity would be required to solve such a problem, but the SEC has so far dragged its feet.
Ripple Goes House Hunting
However, while Kitao pumped up Japan, Garlinghouse claimed that the United Kingdom was a prospective landing spot for Ripple. The CEO explained that the U.K.’s Financial Conduct Authority (FCA) had taken a more active role in policing the country’s crypto industry.
“What you see in the U.K. is a clear taxonomy, and the U.K.’s FCA took a leadership role in characterizing how we should think about these different assets and their use cases. The outcome of that was clarity that XRP is not a security and is used as a currency. With that clarity, it would be advantageous for Ripple to operate in the U.K.,” Garlinghouse said in part.
Chris Larsen, Ripple Labs’ co-founder, expressed a similar sentiment. Speaking with a Fortune Magazine reported earlier this month, Larsen explained that the United States had been “woefully behind” when it comes to financial innovation and cryptocurrencies in particular.
Larsen also criticized the SEC for its “regulation through enforcement” approach to the crypto space, explaining that this could eventually drive several other firms out. For him, the company would be better served if it moved to countries like Switzerland, Japan, or the U.K.
The blockchain firm has also reportedly shortlisted Singapore. Per a Bloomberg report from last week, Garlinghouse claimed that he had spoken to SPBI about a potential move to the “land of the rising sun.” Now, Kitao is weighing in as well. He does appear to have first-hand information, given that SBI Holdings is an investor in Ripple and he holds a seat on the company’s board.
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