Steemit to release smart media tokens

The largest social network on the blockchain, Steemit, announces the launch of a new cryptocurrency project
30 September 2017   1701

The largest social network on the blockchain, Steemit, announces the launch of a new cryptocurrency project. It aims at creating new revenue streams through consumer involvement, expanding the client base and developing the opportunities for content-oriented social platforms.

According to the project's whitepaper, Steem’s Smart Media Tokens (SMTs) are "to give anyone the power to launch and sell Proof-of-Brain tokens, which are tokens distributed by “upvote” and “like”-based algorithms and can be integrated with websites to align incentives and spur growth, while websites are empowered to adopt sustainable, currency-centric revenue models". 

Ned Scott, CEO Steemit, claims that the new software will allow leading media and social media platforms to create Smart Media Tokens (SMTs) based on Steem's blockchain.

As reported, the integration of a customizable and clever system of tokens will be available both for editions and small independent blogs on WordPress. On top of that, the system involves remuneration not only for publishers, but also for consumers based on their contribution: likes, comments and votes, which is to serve as the basis for new revenue streams.

Goldman Sachs to Give Bullish BTC Forecast

Goldman Sachs experts expect to see bitcoin near the $ 13,971 mark
12 August 2019   238

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.