Coin of the day is Ardor
Ardor showed a significant grow after Binance listing. Such a huge rise after a listing is not unexpected, but still higher than expected, and probably could be affiliated to extremely low prices of the coin.
Recap: Ardor is a Blockchain-as-a-Service (BaaS) Platform owned by Barcelona-headquartered Jelurida that will allow businesses to create their own "child chains" based on the main maternal Ardor chain and take full advantage of the block-chain technology.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
Ardor claims to reduce blockchain bloat and provide multiple transactional tokens. Jelurida plans additional child chains to be launched on the Ardor mainnet in the third quarter of this year, as well as lightweight contracts runner add-on.
Latest news
18 July - Binance Listing. “Binance will open trading for ARDR/BNB, ARDR/BTC and ARDR/ETH trading pairs at 2018/07/18 11:00 AM (UTC). Users can now start depositing ARDR in preparation for trading.”
Technicals
Almost 50% leap saves the coin from more than a Yearly low (the last time when ARDRBTC traded so low was at 2017.04). Will such big jump give the coin enough momentum to rise higher and maybe went into the more positive state than it was before only the time will show? For now, we can state, that ARDBTC broke above Global Bullish Trend Line, which brings the coin back into a gradually growing state, 0.00003 level, and 100-days EMA was also overcome. If the price manages to hold on above 100-days EMA – the pattern could be evaluated as bullish and target the price to the next resistance at 0.0004. 0.0003 level should stay strong to support any bullish possibilities, dive back below 0.00003 will destroy all newly-formed interest in the coin.
Ardor showed a significant grow after Binance listing. Such a huge rise after a listing is not unexpected, but still higher than expected, and probably could be affiliated to extremely low prices of the coin.
Recap: Ardor is a Blockchain-as-a-Service (BaaS) Platform owned by Barcelona-headquartered Jelurida that will allow businesses to create their own "child chains" based on the main maternal Ardor chain and take full advantage of the block-chain technology.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
Ardor claims to reduce blockchain bloat and provide multiple transactional tokens. Jelurida plans additional child chains to be launched on the Ardor mainnet in the third quarter of this year, as well as lightweight contracts runner add-on.
Latest news
18 July - Binance Listing. “Binance will open trading for ARDR/BNB, ARDR/BTC and ARDR/ETH trading pairs at 2018/07/18 11:00 AM (UTC). Users can now start depositing ARDR in preparation for trading.”
Technicals
Almost 50% leap saves the coin from more than a Yearly low (the last time when ARDRBTC traded so low was at 2017.04). Will such big jump give the coin enough momentum to rise higher and maybe went into the more positive state than it was before only the time will show? For now, we can state, that ARDBTC broke above Global Bullish Trend Line, which brings the coin back into a gradually growing state, 0.00003 level, and 100-days EMA was also overcome. If the price manages to hold on above 100-days EMA – the pattern could be evaluated as bullish and target the price to the next resistance at 0.0004. 0.0003 level should stay strong to support any bullish possibilities, dive back below 0.00003 will destroy all newly-formed interest in the coin.
