This is one of the few coins that I am long term bullish on. Market cap is still relatively low for a coin that can unlock billions in value across multiple industries. Expecting the bullish price action to really ramp up once the Bitcoin markets rebound.
Technical Analysis:
Long term trend: Bullish
Currently sitting on support within the buy zone
Fundamental Analysis:
The main goal of Enigma is to transform the way that data is transmitted using their network. Many cryptocurrencies offer a safe, decentralized protocol. A decentralized protocol is a data stream that is not controlled by anyone or group. Enigma operates on an off-chain data network and will be able to store a large volume of information that is securely transmitted and utilizes decentralization to ensure that there is no single point of failure. The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they run a computation correctly. This opens the door for a new type of Smart Contracts – dubbed Secret Contracts, where the underlying data processed in the contract remains encrypted at all times Their first product to be launched on the new Enigma protocol is, of course, Catalyst.
Partnerships: Kyber Network, Ether Delta, AION, ETHLend
Technical Analysis:
Long term trend: Bullish
Currently sitting on support within the buy zone
Fundamental Analysis:
The main goal of Enigma is to transform the way that data is transmitted using their network. Many cryptocurrencies offer a safe, decentralized protocol. A decentralized protocol is a data stream that is not controlled by anyone or group. Enigma operates on an off-chain data network and will be able to store a large volume of information that is securely transmitted and utilizes decentralization to ensure that there is no single point of failure. The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they run a computation correctly. This opens the door for a new type of Smart Contracts – dubbed Secret Contracts, where the underlying data processed in the contract remains encrypted at all times Their first product to be launched on the new Enigma protocol is, of course, Catalyst.
Partnerships: Kyber Network, Ether Delta, AION, ETHLend