Today we will talk about one of the thousands of projects aimed at protecting user privacy on the internet.
The NYM project was founded in 2018. The CEO is Harry Halpin, PhD in artificial intelligence, who previously worked at W3C and MIT.
The highlight of NYM will be its own decentralized platform that ensures anonymity: technologies for masking metadata, preventing information leaks, infrastructure for protecting transactions, and mixnodes.
The project has been invested in by Polychain Capital and Binance Labs.
© Learn more about the project
© Learn about development plans
Homework — find out what nodes and mixnodes are in cryptocurrency and what they are used for.
Technical analysis of $NYM
Previously, the asset broke through the descending trend channel, forming and completing the 'ascending triangle' figure — the bullish sentiment is confirmed.
Currently, a new model of a 'bull flag' is forming, indicating a continuation of growth.
It is recommended to enter the trade at the support level around $0.1090 (100% according to Fibonacci correction).
Movement targets
Short-term for everyone who doesn't like to wait and wants to be 99% sure — $0.1286 (138.20% according to Fibonacci).
And long-term, for those aiming for maximum profit and not in a hurry — $0.1612 (200%).
MACD indicates a continuing correction, but this works in our favor for opening a trade from the support zone.
For personal study and research, the NYM project is definitely recommended.
Profit, colleagues!