Coin of the day is Ardor.
One of the useful things to do during the stagnating markets look for the bottoming patterns, a possibility to buy the bottom at low prices with high potential. Again, while the crypto community is concerned with the cost of bitcoin , we could concentrate on companies which are not aiming to become new era money, but rather bring new technologies in future. One of such spheres is Blockchain-as-a-Service projects, sounds fair that soon a lot more companies will use blockchain technologies and will not build it from the scratch.
One of such projects, which seems like be drawing a bottoming pattern recently, is Ardor.
Ardor is a Blockchain-as-a-Service (BaaS) Platform that will allow businesses to create their own "child chains" based on the main maternal Ardor chain and take full advantage of the block-chain technology.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
One of the reasons, why Ardor still looks attractive, despite bearish pattern on the chart is because of the business-to-business approach. BaaS could get a significant support if their technology will be used successfully by big companies.
Latest news:-
2 June Dominium group is planning to launch its blockchain on Ardor.
Blockchain based platform, Dominium, will allow global users to invest in property from just 1 and to launch a regulated property fund without a lawyer.
The Dominium property platform will allow users to list, trade, finance and manage property assets utilizing a suite of tools, with all activities safely recorded on the blockchain. Business tools will include full Client Relations Management, project management, and maintenance systems.
Technicals:-
After March-April uptrend, which stopped under the 100-days EMA , not able to break through it, the coin went down. Having reached psychologically significant level 0.00003 level, which almost coincides with Global Bullish Trend Line at this point in time, the price started to draw a turnaround pattern. The price seems to be low enough for investors to buy-in and start a new growth cycle, to test 100-days EMA once again. A breakthrough above Bearish Trend Line will be a confirmation sign of the beginning of reversal pattern, the next goals, in this case, will be 0.000035 level and 0.00004. From the below dive below the Global Bullish Trend Line will cancel a turnaround pattern.