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What is Coldstack?

Coldstack is said to be decentralized cloud storage aggregator that will aim to bringing all data storage provider at one place. Clodstack has unified protocol that will aggregates cloud storage service provider like Storj, Filecoin, Sia, BitTorrent and others. however, project will be providing simplest, faster and most affordable way for cloud user for their project within blockchain space.

Cloud aggregator will be formed all-in one platform that will be having integration with top decentralized cloud storage provider. Unified API will allow to use this service with one just one key by anywhere and anyone. Migration data also not required, if user desire to change their service provider.

“Join These Biggest ICOs of 2021”

Main purpose of Coldstack network is storing and retrieve data for user on clouds by forming integration with unified data exchange API, as this APIs will be compatible with amazon S3 API. so, anyone can access any AWS SDK for their project without involvement of experts. Coldstack will be sharing open-source library, which are 100% compatible with AWS S2. Every Coldstack storage system will get discount on storage cost by automatically comparing with different service provider using AI pipeline.

Coldstack Price Prediction

Siacoin Price Prediction | Storj Price Prediction

Coldstack Overview

Project name Coldstack
Ticker Symbol CLS
Total Supply 50,000,000
Official website Coldstack.io
Based on Cloud Storage
Launched year 2020
All-time high $33 USD
Exchange Platform Uniswap, Balancer
Wallet Metamask, Trust Wallet.

CLS IDO Overview

Platform used SuperStarter
Raised by $250,000 USD
Date of ICO 10th may 2021
ICO Price $0.50 USD
Partners GBV, Ankr, Blockgroup, x21, Prometeus, Alpha Chain, Stakely.vc, Tenzor Capital, Drop Ventures, Au21 Capital, Kenetic, BitTorret.

CLS Price Analysis

CLS is native token of ecosystem with primary uses to established interaction with file storage and retrieval system. CLS at first will be based on Ethereum network, as later it will be issued on Binance Smart chain (BSC) network. the project about to implement cross-chain bridge to swap token different available network. CLS total supply is very low as compared to other cloud storage project, so its per token value be higher than expected.

Coldstack Price Prediction

CLS public sale was hosted by SuperStarter, where whitelisted user of Super Token holder purchased token at price $0.50 USD. as of now, Coldstack announces Balancer LBP, where prices set at highest price from that point it continues drop till user starts buying. CLS Price in LPB starts with $33 USD and now it falls down below $10 USD, as due to market is down will affect CLS price. Buying point of CLS will be around $3 to $5 USD i.e., 10x from IDO Price.

FAQ

How much CLS will be worth in 5 years?

Probably worth above $50 USD mark.

Is Coldstack a Good Investment?

Consider this project for long term investment, as its product demand will favor in price surge.

Conclusion

In recent time, Data market showing huge rise as of most of growing technologies, enterprises and individual too choosing cloud storage over other traditional storage services. we have key project in blockchain space that include Storj, Filecoin, Sia that already dominating top crypto project chart with huge market cap. These projects are equally having different special feature, when it comes to cloud storage pricing may changes, which may confuse consumer. So, Coldstack could solve many problems, as putting data at single platform where user can seamlessly change Data Storage service provider with few steps.

However, price difference will be automatically tracked via network to provide cheapest cloud services for available user. so, once they got better pricing then they just need to change plans and providers. Coldstack will be playing huge role in future blockchain project development, as every project required cloud storage to launch their project. so, in this growing number of crypto project cloud storage-based project definitely sees huge growth in market cap volume in upcoming year.

Coldstack Rating

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Tesla and Elon Musk’s Didn’t Sell Their Bitcoin Holdings, and They Won’t

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Tesla reported a $23 million impairment on its bitcoin holdings. This is because for the reason that is considered a list of assets. which means that under Generally Accepted Accounting Principles its value gets to be recorded at the smallest price bitcoin hit in the quarter.

It was in May which Musk announced that Tesla would no longer accept bitcoin for its products.And they made this decision because of environmental concerns over bitcoin mining’s use of coal and other fossil fuels. At the beginning f this month, however, Musk said bitcoin’s environmental profile is getting better and that Tesla would probably resume accepting bitcoin for its payments.

“The speculation that has ensued around our specific plans for cryptocurrencies is not true,”. That was a spokesperson idea.

Amazon has announced and flatly denied a British newspaper’s report that the e-commerce ghoul was planning to accept bitcoin (BTC, -3.52%) payments by the end of the year.

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,”. “We remain focused on exploring what this could look like for customers shopping on Amazon.”

City A.M., which is distributed for free on the London Underground published a report, quoted a single, unnamed “insider”. Nevertheless, many quoted it as one reason for the bitcoin price’s bounce back after dropping under $30,000 last week.

After that Bloomberg reported Amazon’s reluctance about using Bitcoin , the price started retracing some of the day’s gains. On the financial data provider’s flagship terminal, but promptly signal-boosted by ZeroHedge. As the spokesperson’s comment offers, Amazon is testing the situation.

Last week the company said it was looking to hire a “digital currency and blockchain product lead.”

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Review

Bitcoin is in rally mode, Possible Trend Reversal on the Weekend

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Bitcoin has a very swingy and rally mode. It was representing its largest daily gain in six weeks. Since shorts covered positions over the weekend. The cryptocurrency was trading around $38,874 at time of this report and is up 14.5% over the past 24 hours. Sentiment changed and moved from excessive bearishness after a sharp correction in May and two months of stabilization between $30,000 and $40,000. Some of the analysts anticipate further upside and view the recent bounce as a trend reversal.

“We turned bullish last Wednesday but weren’t expecting the short squeeze to happen quite so soon,”. QCP Capital talked about in a Telegram chat. “We’ve been pleasantly surprised by how supported the market was after Wednesday and sentiment flipped decisively bullish into the weekend.”

“This move higher feels more like a bounce back into a neutral state after being overstretched to the downside below $30K,” QCP mentioned. “The real pain could be lurking from short gamma positions above the $40K level.”

“Bitcoin momentum is back, and incremental endorsements on Wall Street could easily be the catalyst to help prices rally towards the $45,000 level,”. It was Edward Moya’s saying, strategist at Oanda. Blockchain metrics are also representing positive signs for bitcoin.

“Bitcoin has slowly trickled back into the hands of longer-term holders throughout these months after the dramatic sell-off from all-time highs in May,” Sean Rooney said. He is the head of research at crypto asset manager Valkyrie Investments.

“Historically this trend of entities that hold long term does not reverse quickly, which will likely result in further advance in price as we move towards Q4,”. Rooney continued.

Pressure on stablecoins

The strong leap in bitcoin over the weekend happened as shorts covered positions. Hardly 2,000 short positions were liquidated over a two-hour period,. This data was according to data from CryptoQuant. The short-squeeze rally happened in spite of regulatory pressure surrounding stablecoins.

“The short order liquidation amount in the past hour reached $640 million, which is the largest single-day liquidation volume in more than two months,”. WuBlockchain in a tweeted that on Monday.

Bitcoin Price Range

A strike price of $40,000 represents the largest source of open interest for the upcoming bitcoin options expiry this Friday, which could be a source of volatility.

“BTC has been range bound between $28K-$43K and most expect an upside squeeze to occur on a break above $40K,”. Coinbase wrote about it in a newsletter to institutional clients on Saturday.

“But with overwriting strategies forced to settle on lower strikes ($35K-$38K), a sharp short-covering rally will likely begin from lower levels,”.  Coinbase also continued.

Investors dragged money out of digital-asset funds as bitcoin dropped under $30,000 last week. Based on a report published on Monday by CoinShares. Outflows accrued with negative sentiment that preceded a near-24% price jump in bitcoin over the past week.

On Monday’s crypto price rally ,bitcoin increased above $38,000. This could cheer digital-asset inflows because many investors have been on the sidelines since the sell-off in May.

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Review

Altcoins’s Price Analyze in The Market

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USDT holds dollar peg: USDT has mostly kept its dollar peg since Bloomberg reported Monday that the U.S. Department of Justice is investigating Tether, issuer of the biggest stablecoin, for probable bank fraud. The token, which works as crucial plumbing for the $1.6 trillion crypto market. It traded at $1 for most of its record. However, past scares made it to lose parity with the greenback, but not permanently. In 2018, for example, USDT dropped to as low as 92 cents in the middle of concerns about its collateral and about Bitfinex. The crypto exchange that shares owners and managers with Tether. The reflex to the latest news is mild by comparison.

Altcoin rally:Bitcoin’s price surge at the beginning Monday headed to a rally in so-called altcoins. With aave (AAVE), chainlink (LINK) and bitcoin cash (BCH) notching double-digit percentage gains. Aave, an open-source and non-custodial protocol that performs on the Ethereum blockchain that allows users to lend and borrow a range of crypto assets. It has climbed 18% in the last 24 hours, based on professional annalists data. Chainlink, a decentralized oracle network, was trading at $19.17.It was representing a 14% gain in the last 24 hours. Bitcoin Cash, the blockchain that forked off Bitcoin in 2017, had a rise to 13%.

Uniswap Labs Limits Access to Some Tokens: Uniswap Labs is limiting availability to some tokens. It is including tokenized stocks and derivatives on the protocol interface that it backs up. However, the software development studio mentioned in a blog posting Friday. That news comes days after U.S. regulators’ announcement that they would scrutinize these types of decentralized finance (DeFi) products more and more. Uniswap quoted an “evolving regulatory landscape” in explaining its decision.

Pressure on stablecoins

The strong leap in bitcoin over the weekend happened as shorts covered positions. Hardly 2,000 short positions were liquidated over a two-hour period,. This data was according to data from CryptoQuant. The short-squeeze rally happened in spite of regulatory pressure surrounding stablecoins.

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  • tetherTether (USDT) $ 1.00
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  • xrpXRP (XRP) $ 0.640631
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