Blockchain

DigitalNote fall: XDN users misled by rumors

DigitalNote currency drop may be connected with a confusion regarding XDN and XUN
23 October 2017   4224

DigitalNote, having a market cap of more than $8 million, dropped 25,55% during last week. 

Anonymous developers of DigitalNote (XDN) have been absent since the ICO ended on June 30 and the rumors about a new team, managing the project and planning to introduce new functions, started to spread. However, there were no official statements made.

Considering absence of DigitalNote developers and lack of any official information, some members of XDN community declared themselves members of XDN official team and claimed that the project is moving to XUN. They stated that UltraNote (XUN) is a project based on XDN source code. Some users were misled by the information that UltraNote is a fork of DigitalNote.

On October 20, a note under the title “DigitalNote: XUN is NOT related to XDN” was published in twitter account of XDN Community, which cleared things up for confused users.

Thuswise, UltraNote and DigitalNote turned out to be two separate projects, independent from each other.

Nonetheless, the price of the XDN continues to decline, and there is no evidence if the development of the project and trade are active or not.

Goldman SachsBlockchain

Goldman Sachs to Give Bullish BTC Forecast

Goldman Sachs experts expect to see bitcoin near the $ 13,971 mark
12 August 2019   286

While Wall Street representatives sometimes come back to criticize Bitcoin, the well-known investment bank Goldman Sachs gives its own forecast for the price of cryptocurrency. To the surprise of many, it turned out to be bullish.

A note for Goldman Sachs customers on Twitter shared by Three Arrows Capital CEO Su Zhu.

As follows from the publication, in the short term, Goldman Sachs expects to see bitcoin near the $ 13,971 mark.

An unnamed analyst builds his forecast based on the Elliott Wave Theory. According to him, with a high degree of probability, bitcoin will rebound from the level of $ 11,094 in the coming days. After this, the opportunity will arise “for at least one more leap to $ 12,916 and $ 13,971”.

On the other hand, a pullback from the indicated levels should be considered as an opportunity to buy cryptocurrency against the backdrop of weakness, if its rate does not fall below $ 9,084.

What is more surprising: that Goldman Sachs has a bullish target on BTC, that they have any target at all, or that they use Elliott Wave Theory? I'm personally most surprised they cant be bothered to use a chart that includes weekend price action.
 

Su Zhu
CEO, Three Arrows

Short-term stop orders for long positions should be placed at $ 10,791, according to Goldman Sachs.