What is Pirate Chain?
Pirate chain the most anonymous cryptocurrency, a truly private decentralized blockchain. So essentially it uses a privacy protocol that cannot be compromised by other user’s activity on the network. Most privacy coins are riddled with holes created by optional privacy. If we watch the Netflix series startups we'll know what that means by optional privacy that's kind of what Iraq net was doing. Pirate chain uses zk snarks to shield 100 of the peer-to-peer transactions on the blockchain making for highly anonymous and private transactions. We can see this independent blockchain is secured by delayed proof of work. Which protects against 51 attacks there are only private transactions no public sense makes it the largest shielded funds pool of any project using the zk snarks. Sapling upgrade implemented and opens the path to light wallets mobile wallets and point of sale functionality there are multiple walls we can use to get pirate depending on what platform and app we're using.
The main net was launched in 2018. It hasn't gone through a bull cycle yet the tor network is supported by pirate chain. That's where we get the total anonymity from and e-commerce enabled, so they offer a variety of tools for integration to online stores to make your stores more secure. We might have to look into this because we have some e-commerce shops as well and it'll be cool to accept some pirate or some ARR. Just to get a little more detail about the 51 attacks to 51 attack pirate we would have to first 51 attack Bitcoin this makes security against double-spending and hostile takeovers nearly impossible. If not impossible altogether if we want to do a little more research we can dig into videos and stuff like that. We can see they were just listed on Digifinex not too long ago so they're still getting a lot of updates and news see we have mining pools if we want to take advantage of the last ten per cent before it runs out. We can see going through their white paper they're pretty transparent with everything that they do. The mission statement is to preserve people's financial privacy in a system dominated by transparent transactions to ensure their financial freedom, so power Pirate chain transactions are private by default the chain is fully decentralized. It allows for secure and quick transfer of value it uses and it uses the strongest privacy protocols so the reason why they focus on privacy is that crypto offers advantages to users and businesses. But it shouldn't come at the cost of financial freedom fiat currencies are already making a mass exodus towards digital systems. Crypto has been shown to offer numerous advantages for business such as cost savings and fees and transaction speed and with all of that users deserve privacy in those transactions privacy. Therefore be needed by all parties that want to accept cryptocurrencies such as vendors, distributors, merchants, purchasers, supplier’s service providers, and customers so businesses can assure their clients and themselves that both parties to the transaction will receive the best combination of privacy speed and cost-saving through pirate.
$ARRR Technical Analysis
Now going into the chart we couldn't find this chart on trading views so this is going to be the next best thing. When we're looking at this chart we can see this right here would have been our first major flip point this would have been a great buy-in for the long-term. Buyers as the price was sitting low and flat lining for so long, finally got that break over. Which triggered this first impulse move. Based on that current impulse move for a long-term trader we would have started our fib from the bottom up to the top. So we can see that since we have the retracement price has sat on 0.786 which is normal for a large impulse move. If we look closely we can also see we are starting to form a pennant, so the first line will come from here the second line of the pennant can come from down here. We can see we're getting pretty close to this point of breaking we've been testing the trend break from a long term. Since the impulse, we're finally testing the resistance. We can see they've popped twice on resistance but they're holding support on the ema’s currently. We're looking to break this and hopefully find support on top of this trend and then break and find support on the 0.6180. Which would be the gross golden ratio number. We can see based on these areas too that it's also going to be a major flip area because it acted as a resistance. Now if we can get a price hold here it can act as support before we make our way upwards again but right now we are essentially waiting to see this breakout. Then hold the support before we get in on a short term and wash this right up to test all-time highs that would be around five dollars and fifty cents. On a solid buy-in area going up to eighteen dollars. A little bit less than a three times move just to test an all-time high. When we go through the ema's we can see we finally cross over. Hopefully, we can hold in a bullish ema from now when we're looking at this volume. We can see the volume is significantly high here and we've been flatlining in volume since now. We're getting these little minor spikes here and there that's a good sign especially on this little point here that triggered this up move.
$ARRR Price Predictions
So we can see price and volume are starting to come back in and from the MACD. We had a major spike hit a peak came back down went bearish the volume, oscillators are showing bearish as well, and since then we're sitting on the 50. We finally pulled over into bullish again and we're looking to see these candles come up on the bullish side as well before the price starts to push up. Now if these go in line with this and we start seeing volume and price movement go up while this MACD starts moving up with momentum. That's a great sign on top of getting a support hold that's ideal of what we want. Just for shits and giggles since we're at a 1 billion dollar market cap if this thing wanted to double, and go to 2 billion, we're still not in the top 50. 10 times this and still only be at 10 billion which is nothing now if this takes off and becomes the largest private and anonymous blockchain. We can see this potentially get to 100 we're talking about 100 times move so 555 a coin for pirate chain. Yeah, it's a long shot under let's say 400 billion which would be somewhere around Ethereum is so 100 billion isn't too dramatic! For something that's going to be new and could potentially take over and be on top of its sector. Considering that Monero NC cash right now is on top and both of them are pretty shitty, so all in all we're staying bullish on pirate chain make sure to wait for a good buy-in because the market can still dip. Now if we're doing a long-term buy for example and this drops down here we got lucky we might have to hold a little longer that's the whole game. But entrances are going to be based on if we’re doing a short term or a long term.