Einsteinium Partners with IndigoChild to Increase EMC2’s Presence in Korea
- Einsteinium (EMC2) signed a partnership with Indigochild through the IndigoChild Group.
- The aim of the partnership is to increase the presence of the project in the Korean peninsula.
- The daily EMC2/USD chart shows the possibility of a trend reversal or sideways movement.
In the past few days, the price action of Bitcoin (BTC) has stolen the show eclipsing the achievements of other crypto projects in the same time period. On the 14th of this month, the team at Einsteinium (EMC2) announced a strategic partnership with IndigoChild (CEO Hyun-Duk Na) through the IndigoChild Group.
The IndigoChild Group to Serve as Einsteinium’s Ambassador in Korea
The partnership is geared towards the IndigoChild Group becoming Einsteinium’s representative ambassador in Korea. IndigoChild (Na Hyun-Deok) is a leading blogger in Korea with an extensive social media presence. The partnership will be mutually beneficial as explained in Na Hyun-Deok through the following statement.
We are delighted that the Indigochild Group will strengthen its foundation as a global cryptocurrency accelerator through a partnership with Einsteinium. We will continue to select projects with potential for growth to help them advance into Korea, and we will do our best to contribute to the growth of the cryptocurrency industry.
Brief Technical Analysis of EMC2/USD
Checking the charts, EMC2/USD seems to have found valuable support at $0.02911 and an overhead resistance of $0.046. The coin is currently trading at $0.0375 and is up 8% in the last 24 hours and at the time of writing this.
Further analyzing the 4-hour chart courtesy of Tradingview.com, we find that the cryptocurrency is forming a wedge. Its current value of $0.0382 is below the 50 (white) and 100 (yellow) moving averages, thus indicating the possibility of the wedge breaking in the downward trajectory.
However, Bitcoin is exhibiting bullish behavior having gained almost $500 in the last few hours and trading at $5,855. It is a well-known fact that when BTC is doing well in the markets, all other cryptocurrencies will follow suit and exhibit their own impressive gains. EMC2 is already up 8% in 24 hours. Perhaps these gains will be extended by the end of the week.
More About Einsteinium (EMC2)
The Einsteinium Foundation is the world’s first Non-Profit Organization to be backed by a cryptocurrency. The vision of Einsteinium is to harness the power of the global community to vote for and fund scientific research that is needed to protect and advance our civilization. EMC2 is the minable cryptocurrency primarily used for the fundraising of these research efforts. The Einsteinium Foundation has so far donated 16 Million EMC2 tokens for such science projects.
(Feature image courtesy of Jude Beck on Unsplash.)
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Crypto Gazette or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.
John P. Njui Author
Crypto Enthusiast. Terrible dancer. Former DJ. Amateur Marathoner. Electrical Engineer. Kool kat.