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Today we have a very interesting project for you. Syscoin - this is fork of BTC. They use the same technology as bitcoin. They offer near zero financial transactions and they are makretplace which offers business space and infrastructure to trade goods, assets, digital certificates and data securely. Unlike other cryptocurrencies, Syscoin’s great value is derived from the decentralized services it provides directly on the blockchain. The blockchain powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network. It means their coin will be used in varety of bussines which makes the demand pression and as a result we may expect significant price rise of the coin (at least in theory). They also offer encrypted messaging between participans, alliases to the wallet addresses (great option as wallet addresses are not memorable by humans ;)). With Syscoin anyone can issue provably-unique certificates with text or ascii content to one or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof of work. This allows for the creation and free exchange of a any kind of digital asset such as ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses and more.
They have a strong team (19 team members) with Sebastian Cheips (founder - very experienced (ex. Oracle Project Manager) - linkedin.com/in/sebastianschepis/) and Dan Wasyluk (linkedin.com/in/danwasyluk/) on board. The have have nearly 70K followers on Twitter. There is a Airdrop of CPScoin (June 1st) for holders of Syscoin. CPS is another interesitng project with strong team. More info here coinpaymentscoin.com Moreover Dan Wasyluk mentioned above is finding ways to add Syscoin to the Shapeshift.io exchange. SHapeshift is supporting dozens of tokens right now including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogecoin, and others.
So fundamental analysis looks good.
Let's look on technical analysis and volume.
We broke MA100
Cup with handle shape observed - confirmed on volume chart
MACD bull's cross and double bottom shape
Weis Waves - explicit growth of demand and at the same time supply is almost spent - look really good - THIS IS VERY IMPORTANT.
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