Why are Elrond and Enjin Coin pumping? What are security tokens? - YouTube

Welcome to the Crypto Buzz where we investigate into all things buzzing in the week surrounding

crypto, defi and blockchain.

Who says they can call Bitcoin?

Even if you have your eyes on the charts 24 hrs a day, Something I wouldn’t encourage,

It’s almost impossible to place a one way bet with crypto.

There are more ups and downs in the volatile asset class than a busy airstrip.

There is no doubt that the physical law of what goes up must come down does dictate the

markets.

The drop in the price of Bitcoin that we are witnessing this week was evident from chart

analysis conducted about 4 weeks ago before Bitcoin reached it’s all time high earlier

this month.

As we try to work out the driving factors behind the price movement of this elusive

asset class, we are beginning to see that volume, hashrate, maybe inflation and regulations

do have some sort of impact on the price of Bitcoin.

But exactly how they correlate is still not yet entirely clear.

In today’s show as well as looking over the price of bitcoin and Ethereum the 2 largest

crypto’s by market cap.

We’ll also deep dive into security tokens in today’s show – namely tZero, Spice

VC and Blockchain Capital.

Plus, we’ll look at trending crypto’s Elrond, Ultra and Enjin Coin.

At the time of writing this report during the Asian mid-market session the price of

BTC is at $56,773 approximately being up just under a percent according to Coinbase.

So, will the price of Bitcoin reach $100,000 before the end of the year?

I wish I had a crystal ball so I could tell you.

But for now we’ll just have to wait and see.

Ethereum is also feeling the pull of the bears.

With ETH being down 14% over the last 14 days, during the Asian mid-session today the price

of ETH is at $4141 being down approximately 1.7% in the last 24 hours according to Coingecko.

If the bearish trend continues the price of ETH could seep below the $4000 level before

any move upwards to reach the anticipated $6000 levels that the ETH bulls are pushing

for.

The crypto market is very volatile and investors should do their own due diligence before taking

any open positions in the crypto markets and monitor their positions regularly.

A lot of investors get confused between security tokens, utility tokens and crypto coins.

Now with a proverbial bridge being built between the crypto universe and the traditional fiat

world, security tokens will come more into the spotlight.

So, I’m going to use today’s show as somewhat of a decoder ring to help distinguish between

security and utility tokens.

Most people have heard of Bitcoin or cryptocurrency by now, after being invented in 2009, Bitcoin’s

mysterious whitepaper appeared under the pseudonymous Satoshi Nakamoto.

Since then the term ICO or initial coin offering has been used on a regular basis, after thousands

of new alt-coins have been founded using blockchain infrastructure.

ICO’s generate coins that are usually referred to as tokens.

These tokens more often than not are utility tokens, Utility tokens offer their holders

access rights to promotions, such as airdrops and insight into future product or service

launches.

Utility tokens don’t represent ownership and are largely unregulated.

Governance tokens are a slightly upgraded utility token which can give holders governance

rights over the crypto like in the case of a DAO, or decentralized autonomous organization.

Processes such as staking and creating loans can be actioned with governance tokens.

We’ve now reached the time for a short break.

After the break we’ll take a look at security tokens in detail and some of the most popular

security token STO protocols out there.

So stay with us.

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Welcome back after the break this is Sage and you are watching the Crypto Buzz by Kalkine

TV.

Now that we have a better understanding of what a utility and governance token are let’s

look at security tokens.

Polymath and Swarm are two blockchain protocols that issue security tokens and whose business

is involved in introducing businesses to tokenization.

The idea of a security token is not as other-worldly as most other crypto concepts and can be thought

of as familiar when phrased slightly differently to be “securities tokens” instead.

Once a security token is purchased the owner becomes a shareholder.

The process now becomes familiar to buying shares in publicly listed companies, as the

money you invest into security tokens is directly linked to the value of the company the tokens

are associated with.

Security tokens authenticate identity by storing personal information and are thought to be

a safer inlet to crypto’s for the new investor as they are a regulated space.

Security tokens allow investors to buy into companies, with this type of hybrid blockchain

models allowing ownership in shares of companies that adopt blockchain models.

And asset tokenization marries demand with supply in a new, innovative format and the

liquidity produced from the fractionalization of digital assets could be a way that the

decentralized finance world can make more of a mark in tandem with the traditional fiat

system of finance.

Although many STO’s are regulated there is still a risk of fraud so stay streetwise

when contemplating investing in any asset class.

A security token does provide an extra level of security by a password being required in

order to access the system.

Because the generated password gets encrypted and it is only possible for it to be decrypted

by the same device, there is less risk of hacking into security tokens.

Although Polymath and Swarm may be the most popular STO’s with their broad ability to

tokenize almost any asset.

Today let’s take a quick look over 3 more.

Spice V, tZero and Blockchain Capital.

tZero are building an exchange for the regulated trading of security tokens and digital securities.

If they are successful with their mission they could become the Binance of the regulated

security tokens.

The tZero tokens can be purchased directly from their website www.tZero.com

Spice VC is a notable STO as they are heavily involved with investing into other STO protocols

such as Securitize, Bakkt and Lottery.com

In this way Spice VC is investing into the future of the security token space and can

be purchased on the OpenFinance platform.

Blockchain Capital founded in 2013 have many popular crypto investments, such as Coinbase,

Ethereum, Ripple, Kraken and more.

They really need very little introduction.

The BCap token can be purchased on OpenFinance.

In 2019 Coinbase pledged support for the BCAP token to add more regalia to the camps impressive

accolades.

Security Tokens are different from Coins which represent currency.

A coin usually has a given cash equivalent which is based on the supply and demand as

well as other market factors. 

We’ve now reached the time for a short break.

After the break we’ll look into pumping crypto’s Elrond, Ultra and Enjin Coin.

So stay with us.

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Welcome back after the break as the crypto market as lost several billions of dollars

this week some of the altcoins are still making waves.

Elrond came into the news in Aug 2021 being the first internet scale blockchain project

has announced that it is using less carbon dioxide than it is compensating for being

focused on reducing it’s carbon footprint.

Elrond has a DEX called Maiar DEX which has a valuation of more than $1 billion.

The platform announced a $1.29 billion liquidity incentive program – Cryptopotato reported:

“By distributing Maiar DEX ownership to the next billion users, we lay the foundation

for a truly global financial system that is accessible to everyone, everywhere.”

– commented Elrond Network CEO Beniamin Mincu.

According to Coinmarketcap Elrond is ranked #23 by market capitalization.

And set a new all time high of $499.15 today during the Asian mid-market session.

Elrond dubbed itself the blockchain for the new internet economy.

Elrond is up about 8% today sitting on $490.70.

Over the last 7 days EGLD is up 55% and in the past year it is up a staggering 6022%

approximately according to Coingecko.

Ultra protocol is a blockchain based PC distribution platform providing opportunities to gamers

and developers.

The Ultra token (UOS) has many uses from staking to transacting.

Ultra is up today about 13% and over the last 7 days it is up 48% and over the last one

year it is up 1277% according

to Coingecko.

Enjin Coin is up today about 6% and over the past 30 days it is up 92% and over the last

year it is up 2350% according to Coingecko.

ENJ is highly involved with the NFT space and it’s product Efinity is trending with

a $100milion metaverse fund and some interesting collaborations with the Bitboy team.

They are in the process of trying to secure one of the slots in the Polkadot parachain

auction.

Enjin Coin is ranked 57th by Coinmarketcap and could be one to watch as the NFT space

grows with the mass adoption of the metaverse.

Thanks for joining us for today’s crypto catch and hope you got something out of it.

If not just one or two more crypto’s to keep on your watch list, at least some interesting

dinner conversation topics to keep your friends heads spinning with your inside goss on the

trending cryptos that you gain from watching the show.

Happy hodling till the next episode.

Don’t forget to comment below and let me know which crypto’s you’d like me to report

on.

Keep watching kalkine TV for more live market updates and expert talks.

This is Sage signing off.