Peer-to-peer cryptocurrency MOB Coin was created by MobileCoin Inc., which Josh Goldbard & Shane Glynn formed in 2017. It emphasizes transactional anonymity (fungibility), usability, transaction speed, minimal influence on the environment, and low fees. The foundations of MobileCoin are based on Monero (for privacy) and Stellar (for consensus), and use CryptoNote and zero-knowledge proofs to obscure the specifics of user transactions.
The MOB Coin startup asserts that its coin is faster than most others at facilitating decentralized payments for routine transactions. One-dimensional cryptocurrency blockchain for MOB Coin. The consensus protocol used by blocks was first created for the Stellar payments system. Elliptic-curve cryptography is used for the SGX secure enclaves where transactions are validated.
Merkle proofs of membership and multilayered linkable ring signatures are used to demonstrate the existence of transaction inputs in the blockchain. Pedersen commitments are used to conceal output amounts, and non-interactive zero-knowledge proofs are used to demonstrate that the output amounts fall within a valid range.
MOB Coin History
Joshua Goldbard & Shane Glynn established MobileCoin Inc., the organization that powers MOB Coin, in 2017. Moxie Marlinspike from Signal provided early technical guidance. The goal of the coin is to create a usable cryptocurrency that focuses on quick transactions. In a fundraising deal led by Binance Labs in May 2018, MobileCoin received $29.7 million in return for 37.5 million coins.
The foundation raised $66 million in Series B fundraising in August 2021 and $11.35 million in venture capital in March 2021. Global peer-to-peer payments using MobileCoin are supported by in-app purchases through Signal and Mixin Messenger. FTX and Bitfinex, two cryptocurrency exchanges, list MobileCoin for trade.
Programmers, like Stephen Diehl, who labeled it a pump-and-dump scheme, and security specialist Bruce Schneier, who had previously lauded the app, criticized the addition of MOB Coin wallets to the well-known security messaging software Signal. This, according to Schneier, would overweight the app and draw the wrong kind of attention from the monetary regulators.
MOB Moving Averages And Oscillators Of Interest For Saturday, December 3, 2022
Indicators that are frequently used on all financial markets are moving averages. A trend analysis (MA) is used to smooth price movement over a specific period of time. Being a lagging indicator, moving averages are dependent on prior price movement.
Simple trend analysis (SMA) and exponentially weighted moving average are the two forms of moving averages that are shown in the table below (EMA). Based on the classical pivot point (P1) for today, which is $ 1.221240, MobileCoin offers support levels of $ 1.050578, $ 0.939626, and $ 0.768963, with the last being the strongest.
The resistance levels for MobileCoin are also around $ 1.332193, $ 1.502855. And $ 1.613808. The prices of Celo (CELO), ApeCoin (APE), Dogecoin (DOGE), Frax (FRAX), and Helium (HNT) were most positively correlated with MOB Coin. Over the previous week, while sUSD (sUSD), Fei USD (FEI), Trust Wallet Token (TWT), Kava (KAVA), and Cronos were most negatively correlated (CRO).
MobileCoin Price Correlated
With a value of -0.139 for the top 10 cryptocurrencies by market capitalization, excluding Tether (USDT), and a value of -0.108 for the top 100 coins by share value, excluding all stablecoins, the MOB Coin price is negatively connected.
Currency movements of one have a statistically meaningful weight to influence those of the other when they are favorably associated with MobileCoin. When MobileCoin moves one way while other currency that are negatively associated with it move the other way, the latter coin will also move in that same manner.
What Is The Expected Price Of MobileCoin Today?
According to our MOB Coin price prediction, MOB Coin price will fall by -1.86% and reach $ 1.112249 by December 8, 2022. Our technical analysis indicates that the mood toward MOB Coin right now is adverse. Most technical indicators are indicating sell.
By taking into account on-chain and off-chain measures as well as chart patterns that account for MobileCoin’s historical price performance, you can MOB Coin price prediction cryptocurrency prices. To determine if investors are bullish or pessimistic about MobileCoin, you may also assess market sentiment.
Remember that no prediction of the future can be made with 100% accuracy, and past performance does not guarantee future outcomes.
What Are The Major Price Levels For Mobilecoin?
The $ 1.050578, $ 0.939626, and $ 0.768963 buying pressure and the $ 1.332193, $ 1.502855, and $ 1.613808 resistance levels are MOB Coin price levels. Breaks from certain levels in price could signal further volatility in the following days.
The current MobileCoin estimate for 2022 is bearish based on a number of technical quantitative indicators. This might be a sign that purchasing MobileCoin in 2022 would be a mistake. Before deciding whether to purchase MobileCoin or not, it’s crucial to take into account both technical (price history) and basic (on-chain activity and growth) elements.
What Relationships Do Other Assets And Mobilecoin Have?
Celo (CELO), ApeCoin (APE), Dogecoin (DOGE), Frax (FRAX), and Helium have the strongest positive correlations with MobileCoin (HNT). If there is a positive connection, then these coins frequently trend in the exact direction all at the same time.
The coins that MOB Coin has the lowest correlation with are sUSD (sUSD), Fei USD (FEI), Trust Wallet Token (TWT), Kava (KAVA), and Cronos (CRO). As a result, the price of MobileCoin often moves in the opposite direction from that of these coins.
How Can I Interpret Mobilecoin Charts To Forecast Price Changes?
Candlestick charts are used by most traders because they offer more insight than a straightforward line chart. The price activity of MOB Coin is represented by candlesticks, which traders may watch at several levels of granularity. For example, investors could choose a five minute bar chart to see very short-term market action or a weeklong candlestick chart to see long-term patterns.
The most common candlestick charts are those for one hour, four hours, and one day. Let’s take a look at a 1-hour chart to see how this kind of price chart might tell us about starting and closing values. The chart is broken into “candles” that provide data on MOB Coin price movement every hour.
Each candlestick will show the opening and closing values for MOB as well as the lowest and highest prices MOB Coin experienced over the preceding hour. The color of the candle should also be taken into consideration; a green candle indicates that the book value was greater than the offering price, while a red flame indicates the opposite. Instead of using colors to illustrate the same idea, some charts will employ candlestick bodies that are hollow or filled.
What Factors Influence Mobilecoin’s Price?
The supply and demand factors influence the price of MobileCoin, just like they do for any other asset. Fundamental occurrences like transaction reward halvings, hard forks, or new protocol modifications can have an impact on these dynamics.
Regulations, adoption by businesses and governments, hacking of cryptocurrency exchanges, and other actual occurrences can all impact MOB Coin price. In a short amount of time, MobileCoin’s market capitalization might vary considerably.
Many traders also attempt to track the activity of MOB “whales,” which are organizations and people with significant MOB holdings, in order to construct a MOB Coin price prediction. Because the MobileCoin industry is so small in comparison to other markets, a single “whale” might have a significant impact on price changes.
MobileCoin Price Forecast
Currently, the MOB Coin price is below the 200-day simple moving average (SMA). Since Dec. 3, 2022, the 200-day SMA has been indicating SELL for the last 0 days. Since November 26, 2022, when MOB Coin price fell below the 50-day SMA, this signal has been indicating SELL for the past seven days.
Our most recent MOB Coin price prediction indicates that by December 8, 2022, its value will have decreased by -1.86% and will be equal to $ 1.112249. Our technical indicators indicate that the current mood is bearish, and the Fear & Greed Index is currently at 27. (Fear). In the past 30 days, MobileCoin saw price volatility of 39.55% while recording 12/30 (40%) green days.
Our MOB Coin price prediction indicates that this is not the ideal moment to purchase MobileCoin. According to data from December 3, 2022 at 20:55, there is a general bearish sentiment towards the price prognosis of MobileCoin, with 12 technical indicators indicators indicating bullish signs and 14 indicating bearish signals.
Price Forecast For Mobilecoin (MOB) In 2024
The MOB Coin price is anticipated to cross an average price level of $2.63 in 2024, while the anticipated price cap value of MobileCoin by both the end of the current year should really be $2.54. This is according to the MOB Coin price prediction and technical analysis. Additionally, MOB has a maximum price level of $3.03.
The price of MobileCoin is anticipated to range from $1.69 to $1.90 in January 2024, while the average selling price of MOB in January remains at or near $1.85. The MobileCoin (MOB) pricing for February 2024 is expected to range between a minimum of $1.83 and a maximum of $1.97. In February 2024, the average price of MOB is anticipated to be $1.92.
MobileCoin has a remarkable potential to soar to new heights in terms of pricing. The value of MOB is anticipated to rise. Specific specialists and business analysts MOB Coin price prediction will reach its greatest price of $0.00000119 by 2030.
The value of MobileCoin is anticipated to climb further because scarcity often leads to price increases. Please be aware that every investment carries some risk. Before making any decisions, just concentrate in what you can do and do the most research you can.
Price Forecast For Mobilecoin (MOB) In 2025
The MOB price is anticipated to surpass an average price level of $3.64 in 2025, and the anticipated minimum bid value of MobileCoin by the end of the present year should be $3.51, according to the projected price and technical analysis. Additionally, MOB has a max price level of $4.39.
The least anticipated price for MobileCoin (MOB) in January 2025 is $2.52, and the highest price is expected to be about $2.84. In January 2025, the average price of MOB is anticipated to be $2.76. MobileCoin is expected to trade between such a high of $3.45 and a low of $3.04 in June 2025, with an average price of $3.17.
MobileCoin is expected to trade between such a maximum of $4.39 and a low of $3.51 in December 2025, with an average price of $3.64.
Price Forecast For Mobilecoin (MOB) In 2026
The MOB price is anticipated to cross a $5.13 average price level in 2026, and at the end of the current year, MobileCoin should be valued at a minimum of $4.95, according to the MOB Coin price prediction and technical analysis. Additionally, MOB has a $5.98 maximum price level.
According to MOB Coin price prediction, MobileCoin will cost a minimum of $3.46 in January 2026. The greatest price for MobileCoin is $3.93, with an average transaction value of $3.82 in US dollars. By the end of February 2026, the going value of MobileCoin (MOB) may reach $3.93. MOB may trade at a highest benefit of $4.08 and a minimum anticipated price of $3.75.
The cost of MobileCoin is anticipated to be at least $4.95 in December 2026. MobileCoin’s price ranges from $5.13 to $5.98 with a maximum price of $5.98.
Price Forecast For Mobilecoin (MOB) In 2030
The MOB Coin price prediction to cross an average price level of $23.56 in 2030, and the anticipated minimum price value of MobileCoin by the end of this year should be $22.77, according to the forecast price and technical analysis. Additionally, MOB has a maximum market price of $26.34.
According to the MOB Coin price prediction for January 2030, the MOB might go as high as $17.18 and as low as $15.11. When discussing typical prices, MOB might be as high as $16.70 in January. The highest MOB Coin price prediction is anticipated to be around $17.85 in February 2030.