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New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher

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On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment giant will allow its U.S. consumers to pay with cryptocurrencies when they transact with millions of its global merchants. The mainstream adoption of cryptocurrencies takes a major step here. 

A daily view of crypto market data. Source: Coin360

In other news, the Chicago Mercantile Exchange plans to launch a new Micro Bitcoin (BTC) futures contract on May 3, which will enable investors to precisely hedge their Bitcoin risk. Hotcoin HOT was featured on Cointelegraph on Feb. 25 when the price of HOT was $0.0030.

During the month that followed, the token rocketed to an intraday high of $0.0206, a gain of 5,860% in just a month. During the latest leg of the rally Holo Limited announced in March that its rrDHT networking innovations were granted a US patent.

HOT/USDT

Holochain HOT token was featured on Cointelegraph on Feb. 25 when the price was at $0.0030. A blog post by Holo on their website clarifies the patent was filed to prevent trolls from filing patents on this innovation and also to protect “users’ rights to data sovereignty.” 

?? OGN price has gone through the roof in recent days.

According to the chart above, the VORTECSTM score for HOT was converted to green on March 26, just hours before the rally started. As the rally was starting on March 29, the score turned green again.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for HOT on March 26, prior to the start of the rally.

On March 25, the price was only $0.0067; by Friday, it had reached an intraday high of $0.0206, a 207% appreciation in six days.

Strong momentum underpins the upward trend. Source: Cointelegraph Markets Pro

The daily HOT/USDT chart. Generally, in strong uptrends, bulls buy every dip.

Initially, the 38.2% Fibonacci retracement level at $0.0153 provides support on the downside. The strength of a reversal from here indicates price strength.

The bulls will then attempt to resume the uptrend by pushing the price above $0.0206. It is possible that the HOT/USDT pair may go up to $0.0289 and then $0.0308. Conversely, if the bears sink the price below the 50% retracement level at $0.0136, the correction could deepen to the 61.8% retracement level at $0.0120.

An increase in volatility usually signals the end of a correction to the upside. Source: TradingDocumentation released by Origin on March 17 explains how the Origin NFT launchpad allows users to build their own marketplaces via custom landing pages and dynamic auction formats.

This protocol claims that the world's first tokenized album by a musician, named 3LAU, was successfully auctioned off for $11.6 million within 24 hours, due to the fact that this was the first time it had occurred before. An exclusive NFT release will be available on the NFT Launchpad on April 12 by Grammy Award-Winning Multi-Platinum Musician Lupe Fiasco. In an AMA session with BINANCE China, Origin’s cofounder Matthew Liu announced that the protocol would include NFT drops and NFT bonuses in the future. In addition, Origin plans to develop payment apps and launch a debit card in the US. OGN's recent inclusion as a collateral asset on Cream Finance and the launch of OGN staking on Binance are attracting investors in the project. OGN prices have appreciated in the last couple of days.

From $0.75 on March 25 to $2.36 today, it has gained 214% within less than a week.

As demonstrated by the long candlestick wick on the day’s candlestick.OGN/USDT daily chart, traders appear to be profit-booking today. TradingBuyers will then raise the price above $2.30.If profits continue to be booked tomorrow, the OGN/USDT pair could reach the 50% Fibonacci retracement level at $1.55.

OGN/USDT

Origin Protocol (OGN) started off with a focus on the sharing economy but the project has expanded into building applications for peer-to-peer commerce and decentralized finance.

Nevertheless, if the selling trend continues, the pair could drop as low as the 61.8% retracement level at $1.36 if the support level is broken. 

The protocol claimed to have successfully auctioned the world’s first tokenized album by Electronic music producer 3LAU and the sale generated $11.6 million in 24 hours. Origin also tweeted an NFT drop on Origin’s NFT Launchpad by Grammy Award-Winning Multi-Platinum Musician Lupe Fiasco that will go live on April 12.

Before this announcement, Wanchain had been drawing attention for its ability to incorporate interoperability features.

The decentralized bridges of Wanchain connect several blockchain networks, enabling cross-chain transfers.

Wanchain released a new version of its cross-chain function on Feb. 26, allowing for unified collateral pools, boosting cross-chain capacity.Wanchain CEO Jack Lu announced in March that he had successfully executed the first direct Bitcoin to Ethereum transaction.

Then, the team made the announcement that they would test cross-chain compatibility between XRP and Ethereum on March 29. Keeping in mind that high network fees can hurt users, Wanchain announced that it will reduce the gas costs required to move assets from Ethereum to Blockchain by 33%. The wan token has gained 111% in the past five days to a high of $2.30 today. As seen on the day’s candlestick.WAN/USDT chart, traders appear to have booked profits after the rally today.

Support would be an indication of strength if bulls flip this level into support.Buyers will then raise the price above $2.30.The previous resistance level at $1.67, acts as an initial support on the downside. Source: TradingDocumentation released by Origin on March 17 explains how the Origin NFT launchpad allows users to build their own marketplaces via custom landing pages and dynamic auction formats.

Once that target is reached on the upside, the next price target is $2.88. However, if the bearish forces sink the pair below $1.67, the WAN/USDT pair could fall to $1.40.

After a bounce off this level, the pair could be range-bound for some days until it begins its next trending move.

Cointelegraph does not necessarily endorse the views or opinions expressed here, since each individual's views are different. When investing or trading, you should conduct your own research and understand the risks involved.

WAN/USDT

On March 30 Wanchain announced that the State Grid Corporation of China had selected its blockchain technology for upgrading thei national data management system. Dan Schulman told Reuters on March 30, PayPal will allow U.S. customers to pay with cryptocurrencies when dealing with millions of its global merchants.

Cryptocurrencies have been increasingly adopted by the mainstream due to this success. Here's a look at cryptocurrency markets daily. Should they succeed, the HOT/USDT pair may start a new uptrend with a target price of $0.0289 and then $0.0308.Also in news, the Chicago Mercantile Exchange will launch Micro Bitcoin Futures contracts on May 3, allowing investors to precisely hedge their Bitcoin risks.

Wanchain founder and CEO Jack Lu tweeted on March 9 that he had successfully sent the first-ever Bitcoin to Ethereum transaction using the decentralized BTC to ETH direct bridge. That was followed by the announcement that the team would test XRP's cross-chain compatibility with Wanchain and Ethereum on March 29.

To reduce the impact of high network fees, Wanchain announced that it will reduce the gas fees needed to move assets cross-chain to Ethereum by 33% in order to bring some relief to users.

Recently, Holo Limited announced on March 25 that the rrDHT networking innovations within Holochain had been granted a U.S. patent. In other words, this patent offers a “highly resilient system for representing distributed data models which is easy to manage.”

In a blog post, Holo clarified that the patent was filed to protect the rights of the users to have sovereignty over their data, and to stop patent trolls from filing patents on the innovation. Source: TradingDocumentation released by Origin on March 17 explains how the Origin NFT launchpad allows users to build their own marketplaces via custom landing pages and dynamic auction formats.

In the chart above, your VORTECSTM Score for HOT switched green just hours before it began to rally. When the rally began, the VORTECSTM Score turned green again on March 29. This time, HOT rose from zero on March 29 to one cent per share on March 30. During the six-day rally, the price rose from a low of $0.0067 on March 25 to an intraday high of $0.0206, a rise of 207%.

Strong momentum reflects the strength of the uptrend. A rise in the relative strength index has led to extreme overbought levels, which increases the possibility of a mild correction and consolidation in the next few days.

HUF/USD daily chart. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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 3/31/2021

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