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LUB – First Crypto Exchange Inside Telegram

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LUB – First Crypto Exchange Inside Telegram


LUB token, a new cryptocurrency that is currently shaking up the market

The LUB token is the first cryptocurrency that can be traded directly on the increasingly popular Telegram messenger service. LUB is conquering this 500,000-million-member marketplace, making it a pioneer in an industry already full of innovation.

LUB is an ERC-20 token that is generated via the well-known and secure Ethereum blockchain

Bots as Secure Trading Partners

Telegram offers buyers and sellers of LUB cryptocurrency the advantage of trading entirely through a bot. The bot handles the trade quickly and accurately, because it’s an automated account on Telegram, so to speak. This week, the inventors of LUB are planning to release numerous extensions and LUB add-ons including support for Spanish, Italian, French and Japanese languages on its bot. By doing so, the platform will be making LUB a lot easier to access for the global community.

“For us, it’s important to provide easy access to LUB to as many people as possible. Therefore, Spanish, Italian, French and Japanese languages will be implemented directly into the bot in the next few days,” a company representative explained.

Wallet provider Metamask.io and LUB are currently negotiating the final details of a close collaboration that will make LUB the first currency to be paid via Metamask through Telegram. Another unique development occurred a few days ago, which will soon enable Bitcoin as one of the deposit methods for LUB.

“Moreover, users can conveniently convert USDT and ETH, as well as many other crypto-coins, such as Bitcoin, into LUB,” the LUB representative said.

Incremental Growth in the Number of Users

A few days ago, the number of LUB users on Telegram exceeded the 69,000 mark. As of today, the number is already well over 100,000 signifying the cryptocurrency’s growing popularity. The imminent launch of LUB on the leading crypto exchanges will further strengthen this trend. Those behind the LUB token are looking forward to its IPO.

“LUB will be a financially powerful asset on Huobi, Bitfinex, Binance, as well as on Coinbase. Our collaboration with crypto exchanges will ensure the projected boost we require to reach our goal of an average price increase of 1% up to 10% per day,” the LUB representative explained.

Predicted Price Development for LUB

There are going to be loads happening in May with regard to LUB. Several new payment methods will be added to simplify the handling of the cryptocurrency, making it accessible to more people. For example, it will be possible to exchange LUB via the Binance Chain BEP20. It’s already possible to make deposits via Binance P2P.

“We expect the price of one LUB to go to USD 0.35. If the price curve develops according to our forecasts, the unit price will be around USD 2.00 in two months. The price on the day of the first listing will settle at an estimated USD 3.60. We expect the price to increase 30 to 200 times after being listed on Binance,” the LUB representative stated confidently.

2,000,000+ LUB tokens on the market

The rapidly increasing number of users doesn’t make the LUB team nervous – in fact, it’s quite the opposite. “We are remaining level-headed and are not allowing ourselves to be unduly stressed due to the success of LUB. Right now, there are just over 2,000,000 LUB tokens in circulation. This provides plenty of potential for trade, exchange, and profit opportunities for investors,” the company representative stated further.

Multi-Lingual Support to Boost Success

The company is certain that the explicit expansion of the variety of languages on offer, will increase access to LUB dramatically. This increase in demand will determine the future price of the cryptocurrency, impacting it daily. The company representative states: “The early adopters of LUB will be the winners in this development. Those who get in on it today will certainly benefit tomorrow.”

 



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Kraken Daily Market Report for May 16 2021 | Kraken Blog

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Investors Confuse Ethan Allen With Ethereum: Shares up 50% Over Average Price – Bitcoin News

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Investors Confuse Ethan Allen With Ethereum: Shares up 50% Over Average Price – Bitcoin News


Ethan Allen, a U.S.-based furniture company, has been getting strange traction in markets this year, due to an interesting coincidence. The company’s stock ticker is the same as ethereum’s ticker, something it shares with one of the hottest cryptocurrencies right now. This has caused confusion among investors, who have bought Ethan Allen without doing research and thinking they are buying ethereum.

Ethan Allen Enjoys Ethereum’s Market Ticker

Ethan Allen, a Nasdaq-listed custom furniture company based in Vermont, has been getting a special kind of attention in the market this year, as its shares are going up for no apparent reason. But what’s the cause of all this? Confusion it seems. It turns out that Ethan Allen’s shares its ticker (ETH) with ethereum, one of the most popular cryptocurrencies in the market right now, making investors ape in furniture company shares rather than in digital currency.

And while this might sound incredible to some, the comments on the social boards of stock investing sites confirm this fact: most of the messages posted are related to ethereum, instead of talking about Ethan Allen. Messages like:

“Sideways for the next few days. Load up now #eth.”

“Sold everything for a 10k profit, now parked in $Eth till the next dip, LOVE IT!”

The aforementioned comments are just a couple of instances that illustrate how investors are indeed confusing the two tickers.

However, there are other savvy investors that mock this confusion, with comments like:

$ETH to the moon! – give us something to sit in when we get there!

In the year 2030, all transactions will be settled digitally with Ethan Allen interiors stock

But, even with all this confusion, Ethan Allen has nothing to regret from this. The firm’s stock has been trading 50% over its 5-year price average, an unexpected blessing for Ethan Allen investors.

Other Instances Where This Has Happened

While Ethan Allen has profited from its coincidental relation with ethereum (ETH), there are other companies that have pivoted their names to benefit from this relation. This is the case of Long Island Iced Tea, a company that changed its name to “Long Blockchain Corp.” during the 2017 bull run. This created a wave of buyers aping in, with its stock surging more than 200% in just one day.

However, this change didn’t help the company in the long run. The company had its ticker delisted from the stock market last year, with the SEC stating it had failed to file financial reports since 2018.

What do you think about the Ethan Allen- ETH ticker confusion? Tell us in the comments section below.

Tags in this story
Bitcoin, Confusion, Cryptocurrency, Ethan Allen, Ethan Allen Shares, Ethereum, Ethereum (ETH), Long Blockchain Corp, Long Island Iced Tea Corp, nasdaq, Nasdaq: ETH, shares, stock price

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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TA: Bitcoin Dives Further, Here’s Why BTC Could Find Bids Near $42K

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TA: Bitcoin Dives Further, Here’s Why BTC Could Find Bids Near K


Bitcoin price extended its decline below the $45,000 support zone against the US Dollar. BTC is declining and it could soon test $42,000 or $40,000 in the near term.

  • Bitcoin started a major decline from well above $50,000 and it even traded close to $45,000
  • The price is now trading well below $45,000 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $45,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to find bids near the $42,000 zone or $40,000 in the coming sessions.

Bitcoin Price Extends Losses

Bitcoin failed to settle above the $50,000 level and started a fresh decline. BTC broke many important supports near $48,000 and $47,000 to move further into a bearish zone.

The price traded below the $45,000 support level and settled well below the 100 hourly simple moving average. Recently, there was a minor upside correction from the $43,800 zone. The price climbed above the $45,000 level, but it failed to extend gains.

Bitcoin Price

Source: BTCUSD on TradingView.com

A high was formed near $46,645 before the price started a fresh decline. There was a break below the $45,000 support zone. There is also a key bearish trend line forming with resistance near $45,000 on the hourly chart of the BTC/USD pair.

The pair even broke the recent swing low at $43,869 and it is extending losses. An initial support is near the $43,200 level. It is near the 1.236 Fib extension level of the upward move from the $43,869 low to $46,645 high.

The main support is near the $42,000 zone. It is close to the 1.618 Fib extension level of the upward move from the $43,869 low to $46,645 high. Any more losses might call for a test of the $40,000 support zone.

Fresh Increase in BTC?

If bitcoin stays above the $42,000 support zone, there are chances of a decent increase. An initial resistance on the upside is near the $45,000 level and the trend line.

The main resistance is near the $46,500 zone. A close above the $46,500 level is needed to start a steady increase in the coming sessions.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is moving lower towards the 20 level.

Major Support Levels – $42,000, followed by $40,000.

Major Resistance Levels – $45,000, $46,500 and $48,000.



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