GET DAILY SIGNALSIs 2018 the Year of Blockchain?
2017 was the year bitcoin's value grew by leaps and bounds, from slightly below $1,000 at the beginning to roughly $20,000 by the end. For every pundit declaring bitcoin a fad, there are multiple people investing with confidence – some projections even predict its value will reach $1 million per coin by the end of 2020. But for all the optimism, it might be bitcoin’s underlying technology that holds the most potential for the future.
Blockchain, the foundational element of cryptocurrency that functions as decentralized transaction ledger, is being applied creatively in diverse fields far beyond bitcoin as people embrace its transparency, efficiency, and security. Among the industries implementing blockchain are:
Investing
Initial coin offerings, or ICOs, allow entrepreneurs and startups to raise capital by issuing their own variety of coins or tokens directly to the public. These tokens allow companies an efficient way to get funding without giving up equity or being saddled with repayments at a high-interest rate, and the tokens can ultimately be used to purchase goods or services from the issuing company.
Media
The same tokens used to raise capital for a platform can also be used to incentivize participation with it – users can receive tokens for uploading content to a video website or adding friends to a social network. These tokens benefit the network and the people who the network is composed of, a crucial difference from current network-focused business models. There are companies competing with heavy-hitters like YouTube and Wikipedia, as well as interesting organizations like Civil, a journalism platform built on blockchain.
Public records
Blockchains are secure because of their decentralized nature – hackers would theoretically need to hack every computer in a network, spread around the world, to make a change to the ledger. This makes it a natural fit for record-keeping, and several countries like the Republic of Georgia and Estonia are experimenting with uses like putting land titles on the ledger and giving citizens access to medical records, respectively.
Foreign aid
Because blockchain records every step of a transaction, it can help eliminate fraudulent payments for aid agencies like the United Nations’ World Food Programme. They can even be used for conditional aid payments, where recipients only receive money upon confirmation of their identity. UNICEF and the World Bank will both be releasing blockchain projects in 2018.
The sky is the limit for blockchain. In addition to the previously-mentioned examples, the technology is making a difference in health insurance, voting reform, medical data, and more. Blockchain has the potential to help humanity in ways far beyond cryptocurrency, and 2018 may be the year these innovations start to enter our lives in increasingly-prominent ways.
Contributor
Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.
BTC.X's Stochastic Oscillator remains in oversold zone for 3 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BTC.X's RSI Oscillator exited the oversold zone, 10 of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 25%.
Following a +4.86% 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in 123 of 425 cases, the price rose further within the following month. The odds of a continued upward trend are 29%.
BTC.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 05, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In 41 of 144 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 28%.
BTC.X moved below its 50-day moving average on October 22, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BTC.X crossed bearishly below the 50-day moving average on October 25, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 22 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 27%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 29%.
The Aroon Indicator for BTC.X entered a downward trend on November 10, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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