Crypto VIP Signal

29 сентября 2023 15:22

Educational Post

What Is PAX Gold (PAXG)?

PAX Gold (PAXG) is an ERC-20 stablecoin backed by physical gold reserves, held in custody by the Paxos Trust Company. Each PAX Gold token equals one troy ounce of a 400-ounce London Good Delivery gold bar housed in secured gold vaults, such as Brink’s. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.

PAXG is regulated and approved by the New York State Department of Financial Services. To ensure that Paxos maintains its reserves, a third-party auditing firm performs monthly checks to verify that Paxos’ gold reserve matches the supply of PAXG tokens, and these attestation reports are released on Paxos’ official website. PAXG’s developers conduct regular smart contract audits to identify potential bugs and vulnerabilities.

In addition, all Paxos customers’ assets, including PAXG, are protected from bankruptcy and held separately from company assets.

How does PAXG work?

PAX Gold runs on the Ethereum blockchain. As an ERC-20 token, PAXG is compatible with Ethereum-based wallets, can be integrated with DeFi DApps and DEXs on Ethereum, and can be traded on cryptocurrency exchanges like Binance.

Compared to owning physical gold bars, owning PAXG doesn’t require any vault storage or custody fees. Each PAXG transaction only incurs a small transaction fee of 0.02% and some ETH as gas fees. It lowers the entry barrier to gold investment by letting users own fractions of physical gold bars without the burden of fees, storage, or transportation costs.

PAXG tokens are allocated serial numbers that match those of individual gold bars. Holders can find their physical gold’s serial number, value, and other characteristics by entering their Ethereum wallet address on the PAXG lookup tool. They can also redeem their PAXG anytime for fiat currency, another crypto asset, or allocated and unallocated gold bullion bars from gold retailers at the current market price of gold.

Crypto VIP Signal

29 сентября 2023 10:29

ETH has broken out of its symmetric triangle in an upward direction, which could result in a move toward the $1850-$1900 area in the next few days. This is a positive indication for the altcoins market, and we may see a relief rally in altcoins too.

Crypto VIP Signal

28 сентября 2023 12:07

ETH is currently testing the downtrend line resistance area. If it breaks above this resistance level, it may move towards the $1850-$1900 resistance area. On the other hand, if it gets rejected from this level, the price is likely to drop back within the symmetric triangle.

Crypto VIP Signal

26 сентября 2023 20:56

GAL analysis:

Price broke the downtrend line and now heading toward the $1.53-$1.56 area. Wait for a test of the resistance area for opening new positions. The major support area is $1.00-$1.05 area and you can open long positions in this zone.

Crypto VIP Signal

24 сентября 2023 19:35

MASK analysis:

Price is now facing local resistance at the $2.85-$3.00 area. A break above the $3.00 resistance level will push the price toward the $3.30 area. This is no trade zone for MASK. The major support is $2.00-$2.30 area and you can place your buy orders in this zone.

Crypto VIP Signal

23 сентября 2023 20:19

JOE analysis:

Currently, the price is hovering close to the significant support zone of $0.19-$0.226. As a prudent strategy, you can initiate small long positions around this support level while keeping a tight stop loss in place. On the daily chart, the resistance stands at $0.299-$0.318, and it is likely that we may witness a surge toward this resistance level in the coming days.

Crypto VIP Signal

21 сентября 2023 20:56

API3 analysis:

The current price seems to be following a falling wedge pattern. It's worth noting that there is significant resistance in the $1.20-$1.25 range, and a test of this level is expected to happen soon. If the price manages to break above this resistance level, it may move towards the $1.90-$2.00 range. However, if the price fails to hold its support level of $1.00, it may move towards the $0.855-$0.865 range.

Crypto VIP Signal

19 сентября 2023 19:58

DENT analysis:

Price is now trading near the major support of $0.00057-$0.00060 area. There is a small downtrend line near $0.00063 area and this is the first resistance. The major resistance is $0.00077-$0.00083 area. Wait for a break above $0.00063 level to open new long positions.

Crypto VIP Signal

13 сентября 2023 14:53

The TOTAL2 (altcoin marketcap) was recently rejected from the resistance area and has since dropped to the support area where it is currently holding steady. A break below this support level would be considered bearish and could lead to a significant drop in altcoin prices. Meanwhile, the resistance level remains the same.

Crypto VIP Signal

13 сентября 2023 11:17

Notice of Removal of Trading Pairs - 2023-09-15
https://www.binance.com/en/support/announcement/7f6d179aff1740d387d451a9659d9c6b

Crypto VIP Signal

13 сентября 2023 08:42

Breaking: Franklin Templeton Files for Spot Bitcoin ETF

https://coingape.com/breaking-franklin-templeton-files-for-spot-bitcoin-etf/?utm_source=Crypto+VIP+&utm_medium=telegram+

Crypto VIP Signal

12 сентября 2023 20:47

OMG analysis:

Price is trading in the falling wedge pattern and we may see a break of this pattern very soon. The resistance is $0.45 level and a break above this will bring some positive movement in OMG. A falling wedge is a bullish pattern and usually breaks in an upward direction. Wait for a break above the $0.45 resistance level for opening new trades.

Crypto VIP Signal

12 сентября 2023 10:20

After the retest, ICP was rejected as expected. I hope you closed your long positions. Currently, the price is attempting to hold at $3.00, and a break below would be extremely bearish. Don't open any long positions.

Crypto VIP Signal

12 сентября 2023 07:06

Bitcoin experienced a notable drop to a key support level but quickly bounced back. The support level of $25,000 has a considerable amount of liquidity. Bitcoin is facing challenges in surpassing the $26,000 level, which may lead to some sideways movement. It's advisable to keep tight stop-losses on all ongoing trades.

Crypto VIP Signal

11 сентября 2023 12:45

XRP is now again testing the support area. You can open long positions here with tight stop loss. A bounce is expected from the support area. A break and daily candle close below $0.45 is bearish.

Crypto VIP Signal

29 сентября 2023 12:49

Just-In: Stablecoin Issuer Circle Steps Up in Binance Vs SEC Case

https://coingape.com/just-in-stablecoin-issuer-circle-steps-up-in-binance-vs-sec-case/?utm_source=Crypto+VIP&utm_medium=telegram

Crypto VIP Signal

28 сентября 2023 21:01

BAT analysis:

It seems that the price is moving towards the resistance area of 0.1775-$0.1820. BAT has been trading in a tight range for several weeks, and there is a chance that it may break out of the accumulation range soon. If you are considering opening new long positions, it would be recommended to wait for a break above the resistance area.

Crypto VIP Signal

28 сентября 2023 08:44

Bitcoin does a push and down type thing, and price nearly tested the resistance line and might expected an another push till there then a lower anticipation in price. BTC is bullish until $24,750.

Crypto VIP Signal

25 сентября 2023 08:31

Bitcoin is currently experiencing a dip, heading towards a major liquidity area. The current price is attempting to hold the $26,000 support level, with a potential drop to $25,000 if it breaks. It is recommended to maintain a tight stop loss for all open trades.

Crypto VIP Signal

24 сентября 2023 06:01

📣 12 hours remaining until our pump on Kucoin! Our pump will be free for all and everyone will receive the signal at the exact same time. A few tips before we begin : Buying early and fast is very important! Make sure to be active during the pump. If you buy and sell for a profit we suggest adding a buy order at a lower level afterwards to ride the waves and help support the pump, never sell on the buy supports! Instead sell slowly in parts as the price goes up. We are aiming at 800%-1000% gains today possibly even more, make sure you have “USDT” in your Kucoin “Trading account” before pumping. We use USDT as a base pair because it offers the most volume and stability.

Crypto VIP Signal

23 сентября 2023 18:02

Exactly 24 hours left for the biggest Kucoin Mega Pump Signal we’ve ever seen, expect profits of no less than 1,000% and a volume never seen before, our big whales will be pushing price up for hours after our initial signal, getting the biggest volume from outside traders, and making sure all our members make huge profits again!

Make sure you have “USDT”in your Kucoin “Trading account” before pumping. Be ready at 4pm GMT tomorrow.

Crypto VIP Signal

20 сентября 2023 20:20

MOVR analysis:

There is a big falling wedge pattern on the daily chart and it is heading toward a breakout. The major resistance is the $4.55-$4.80 area and we may see a move toward this resistance zone. The support is $3.70-$3.80 and you can open a small position near this support zone with tight stop loss.

Crypto VIP Signal

13 сентября 2023 19:57

BSW analysis:

Price is trading in an falling wedge pattern on daily timeframe. Falling wedge is known as a bullish pattern and usually breaks in upward direction. The key level to flip is $0.070 and a daily candle close above this will bring a good rally. The support is $0.058-$0.060 area and you can build long positions in this zone with tight stop loss.

Crypto VIP Signal

13 сентября 2023 14:34

BREAKING 🇺🇸 US #CPI data:
CPI YoY: 3.7% , higher than expectations
Forecasted 3.6%

Crypto VIP Signal

13 сентября 2023 11:08

ALICE price dropped to the support level, causing a bounce. We hope your buy orders got filled. It's advisable to increase your stop loss near the $0.70 level. There's a possibility of a move towards the resistance area of $0.83-$0.845, and this is the recommended zone for profit booking.

Crypto VIP Signal

13 сентября 2023 08:36

Bitcoin is trying to hold above the $26,000 level but rejected from there. There is no volume on the weekly chart. Sideways movement is expected for this week.

Crypto VIP Signal

12 сентября 2023 13:54

The price of LIT managed to break above the resistance area and reached a major resistance area. Unfortunately, it was eventually rejected from the $0.78 resistance area and experienced a significant drop. Currently, LIT is heading towards the $0.64-$0.65 local resistance level, and a successful breakthrough would lead to the $0.78 level once again.

Crypto VIP Signal

12 сентября 2023 08:31

Crypto Volatility Shoots Over FTX’s Rumoured $3.4 Billion Sale, What’s the FUD?

https://coingape.com/crypto-volatility-shoots-over-ftxs-rumoured-3-4-billion-sale-whats-the-fud/?utm_source=Crypto+VIP&utm_medium=telegram

Crypto VIP Signal

11 сентября 2023 20:20

SFP analysis:

Price broke the resistance of $0.587-$0.605 area. The next resistance is the $0.732-$0.78 area and we may see a move toward this support area. The support level area is mentioned on the chart.

Crypto VIP Signal

11 сентября 2023 09:07

Bitcoin continues the sideways movement as expected. Still, there is no sign of strength in BTC. The support and resistance level remains the same. Let's see how BTC reacts to the FTX selling pressure.