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Bitcoin Is Perfect Fit for Green Infrastructure of Slovakia

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Bitcoin is a perfect fit for the green infrastructure of Slovakia since the digitization of money and blockchainization offer people and enterprises the opportunity to drastically reduce the costs.

Bratislava, the capital of Slovakia, is undergoing a critical change of its built environment due to an enormous process of development since the mid-2000s. This series of construction, transformation and modernizing processes has radically transformed a central industrial locality of the city into a totally new business-administrative district.

Green Infrastructure

At the heart of such a transformation is green infrastructure. Multiple issues are affecting the state of green infrastructure in Slovakia, however, it seems that Slovakia could be on the right track into the future. Bitcoin is a perfect fit for the green infrastructure of Slovakia since the digitization of money and blockchainization offer people and enterprises the opportunity to drastically reduce their costs.

The key element of the Bitcoin physical network as part of Slovakia’s progression in green infrastructure is crypto ATMs. At the end of August, there were 44 cryptomats in Slovakia. Currently, the country has already welcomed 49! Slovakia is on the path to get more such machines because many producers and operators of crypto ATMs see a big potential for their business in this country. One of the local crypto ATM producers, KELTA, after dipping a toe into the water and installing the first own Bitcoin machine on 17th August, is going to scale up its business. According to the source inside of KELTA it’s going to install several more crypto ATMs in Slovakia and eyes the possibilities to expand its operations abroad.

Bratislava Is Passionate about Bitcoin

The local Bitcoin community looks very vibrant, and it fosters the interests of people and businesses into cryptocurrencies. They do amazing things. For example, one of the Bitcoin activists in Slovakia reveals in the tweetstorm that he’s going to rent at least one JCD Citylight in the center of Bratislava, for 21 days for 210 EUR, just to spread Bitcoin promotion to the people in the capital’s downtown.

Bitcoin ATMs are on the rise globally. There are 10,211 machines now, and the place is becoming a hot competitive point. Actually, crypto ATMs are gates from fiat to cryptocurrencies and vice versa. There are 558 companies producing such machines, and Lamassu is one of the oldest manufacturers of crypto ATMs and the third-largest worldwide. There is Lamassu that has already supplied two cryptomats to Bratislava. As it was mentioned above, the Slovakian Bitcoin community is very passionate about cryptocurrencies, and it’s a crucial factor for the adoption of crypto ATMs. To be a Bitcoin evangelist is a great career path too, as the example of Lamassu shows. On 11th September Lamassu confirmed that the company took on board Lucas Betschart since “few people have the integrity and dedication to the cause that Lucas has, and his experience promoting and navigating Bitcoin in Switzerland will benefit us greatly.”

From Euro to Bitcoin

There are only 42 global operators of crypto ATMs worldwide. So the niche for being an operator has more opportunities to thrive than the producers’ side that seems to be overcrowded. The development of such crypto infrastructure is a backbone of the transformation of the burgeoning DeFi sector when it achieves the inflection point where the online business and cryptocurrencies meet. To pay an invoice in Bitcoin, to withdraw euros and Bitcoins at one point is the key for the further cryptocurrencies adoption. It’s worth mentioning that crypto ATMs become an integrated part of the business landscape of the global capitals that only highlights that humankind rushes into the new financial world.

Slovenia, Cyprus, Malta, and Slovakia became members of the European Monetary Union in 2007-2009 years. There was a very challenging part of their monetary history. As a result, the currency union increased trade.

Times change and so do people and their financial habits. We see the dawn of the Bitcoin epoch. Bitcoin allows for a business to go fully green since cryptocurrencies in their inner nature have all functions allowing their holders to get all financial services at two clicks putting aside almost all burdensome paperwork. Any modern crypto ATM as the case with KELTA shows includes the “door” into the innovative ecosystem where the use of financial services gets crypto haute mode.

The cryptomat becomes the ultimate solution for financial services, and the Bratislava Bitcoin community is absolutely right in its enthusiasm. The recently installed KELTA crypto ATM accepts “any payment card”, and it beats options of the most classical ATMs.

As blockchain gets more adoption this paper work becomes redundant. There are about three million classic bank ATMs worldwide. The development cryptomats make it a case that they will substitute the classical “machine bank tellers”, and Slovakia shows us that this trend takes a new turn.

Bitcoin News, Cryptocurrency news, News

Author: Andrey Sergeenkov

Cryptocurrency investor, journalist, analyst, and growth hacker. I cover crypto, blockchain, crowdfunding, and education.





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Altcoin

3 altcoins whose tweet volume spiked before a strong rally

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On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum.

This is exactly what happened with some of the coins that saw a greater increase in average daily tweet volume this month, compared with the last. KuCoin Shares (KCS), which went up from $7.40 on July 4 to $14.20 on July 14, generated a staggering increase in average tweet volume, totaling more than 1,100% month-to-month.

Another big winner in terms of price, Axie Infinity (AXS), added 456% in tweet volume over the same period. In both cases, tweets mirrored the rallies’ dynamics, with the tweet volume curve closely following the price chart.

In other cases, however, the relationship can be reversed. Sometimes, the Twitter crowd picks up the news or emerging narratives that the wider market has yet to absorb, producing tweet volume spikes that come before price increases. Is there a way for traders to spot these dynamics early enough to gain an edge over the rest of the pack?

Data intelligence for early birds

Tweet volume is one of several metrics used to calculate the VORTECS™ score, an algorithmic indicator that compares complex patterns of market and social activity of an individual digital asset to years’ worth of historical data.

Exclusively available to Cointelegraph Markets Pro (CTMP) subscribers, the algorithm assesses parameters such as the market outlook, price movement, social sentiment and trading activity to generate a score that shows how suitable conditions of the observed combinations are for any coin at any given time.

On top of that, there is a dedicated space on the Markets Pro dashboard featuring assets that see abnormal tweet volume in real-time. Once they are alerted that something is brewing around a coin on Twitter, traders can be incentivized to take a closer look at the asset and make a judgment as to whether its price is likely to go up soon.

Here are three examples from the last thirty days where Twitter activity foreshadowed price action.

Crypto.com Coin

CRO’s Price vs VORTECS™ chart. Source: Cointelegraph Markets Pro

In the case of Crypto.com Coin (CRO), the source of Twitter users’ excitement is crystal clear: A few hours before the coin flashed on Markets Pro’s Unusual Twitter Volume box (red circle in the chart), it emerged that CRO became the first digital asset platform to partner with the Ultimate Fighting Championship, or UFC. The announcement was also delivered to Markets Pro users seconds after the original source published it, thanks to the platform’s instantaneous NewsQuakes™ functionality.

Unsurprisingly, the big news triggered a sprawling Twitter conversation. If traders had not been convinced by NewsQuake™ and coin’s rising VORTECS™ score, the skyrocketing tweet volume could be the final argument in favor of opening a CRO position. The coin had been valued at $0.113 when tweet volume peaked on July 8, and it kept climbing in the next four days, eventually hitting $0.132 before the price began to decline.

Quantstamp

QSP’s Price vs VORTECS™ chart. Source: Cointelegraph Markets Pro

Establishing what had triggered the surge of tweets referencing Quantstamp (QSP) around June 1 is less straightforward. One potential reason could be the launch of oneFIL, a stablecoin for the Filecoin community, around that time.

The protocol behind oneFIL is audited by Quantstamp. While QSP generates just a handful of Twitter mentions per day, on July 1 it got over 150 tweets, immediately putting it on the Markets Pro radar (red circle in the graph). While the peak tweet volume corresponded to the QSP price of $0.030, the coin pulled off a strong performance in the following days, reaching $0.034 on July 4, continuing to push further.

Flow Dapper Labs

FLOW’s Price vs VORTECS™ chart. Source: Cointelegraph Markets Pro

Flow Dapper Lab’s (FLOW’s) peak tweet volume came late on July 10 (red circle in the graph) in response to a highly successful week that the asset had, more than doubling its price from $9 to over $18.

A high VORTECS™ score that FLOW received some 50 hours earlier indicated that in the past, such rallies unfolded in several rounds and that historical precedent suggested a possibility of the second leg. Sure enough, the price kept climbing even after the wave of tweets began to recede, eventually hitting $21.20

These examples demonstrate that, while an onslaught of tweets alone is not always a harbinger of an impending rally, spotting abnormal Twitter activity early on can lead to a profitable trade. It can be especially useful when combined with other metrics and a robust understanding of the coin-specific context.

Disclaimer. Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions. Full terms and conditions.