Crypto VIP Signal

23 декабря 2023 09:45

ETH broke the small downtrend line and is now trading above it. This is a good sign for the altcoin market and we may see a small upward rally in altcoins. The resistance for ETH remains the same.

Crypto VIP Signal

22 декабря 2023 12:25

SAND has rebounded from its support area and the long positions are now in more than 20% profit. It is recommended to increase your stop loss and hold the long position for maximum profit, as we may see a move towards the resistance area soon. The resistance level remains unchanged.

Crypto VIP Signal

21 декабря 2023 15:03

What Are Bitcoin Ordinals?

Bitcoin Ordinals were introduced in January 2023 as a method of generating Bitcoin NFTs by attaching information to individual satoshis. This is achieved through a process called “inscribing.”

Until recently, NFTs have primarily been minted and used on blockchains like Ethereum, Solana, and BNB Chain. This changed when the team behind Ordinals recognized that non-fungible tokens could also have a place on the Bitcoin blockchain. Consequently, this has led to the emergence of the Ordinals project.

History has proven that changing a piece of Bitcoin’s code is extremely difficult. This issue is mainly due to the decentralized network of nodes and developers who don’t want to risk network security. As such, Bitcoin NFTs have not gained as much traction. Nevertheless, the growth of the crypto ecosystem has opened the gates to innovative minds for whom the creation of Bitcoin NFTs is part of the future of Web3.

Since its inception, Ordinals have grown steadily as a growing number of users contribute by uploading different types of content, such as images, audio, and videos. Let’s take a closer look at how it works.

Crypto VIP Signal

20 декабря 2023 11:09

SUI moved as expected and tested the resistance area. The long position gave more than 30% profit from the entry point. You can book some profit here and hold the rest with tight stop loss. A break above the resistance area will send the price towards the $0.90 level.

Crypto VIP Signal

19 декабря 2023 13:19

Educational Post

What is an elastic supply token?

An elastic supply (or rebase) token works in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called rebasing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token.

In some ways, elastic supply tokens can be paralleled with stablecoins. They aim to achieve a target price, and these rebase mechanics facilitate that. However, the key difference is that rebasing tokens aim to achieve it with a changing (elastic) supply.

Wait, aren’t many cryptocurrencies operating with a changing supply?

Yes, somewhat. Currently, 6.25 new BTC is minted with every block. After the 2024 halving, this is going to be reduced to 3.125 per block. It is a predictable rate, so we can estimate how much BTC will exist next year or after the next halving.

Supply-elastic tokens work differently. As mentioned, the rebasing mechanism adjusts the token circulating supply periodically. Let’s say we have an elastic supply token that aims to achieve a value of 1 USD. If the price is above 1 USD, the rebase increases the current supply, reducing the value of each token. Conversely, if the price is below 1 USD, the rebase will decrease the supply, making each token worth more.

What does this mean from a practical standpoint?

The amount of tokens in user wallets changes if a rebase occurs. Let’s say we have Rebase USD (rUSD), a hypothetical token that targets a price of 1 USD. You have 100 rUSD safely sitting in your hardware wallet. Let’s say the price goes below 1 USD. After the rebase occurs, you’ll have only 96 rUSD in your wallet, but at the same time, each will be worth proportionally more than before the rebase.

The idea is that your holdings proportional to the total supply haven’t changed with the rebase. If you had 1% of the supply before the rebase, you should still have 1% after it, even if the number of coins in your wallet has changed. In essence, you retain your share of the network no matter what the price is.

Crypto VIP Signal

19 декабря 2023 07:29

Bitcoin has rebounded from its support level and is now testing its resistance level. The price is currently trading within a range, and there has been no significant movement in either direction. It is recommended to have stop losses in all open positions.

Crypto VIP Signal

17 декабря 2023 19:23

NEO Analysis :

NEO is been rejected multiple time s from the resistance area of $13.55 - $13.71 and on LTF its kinda consolidating. Price is expected from the support area of $11.54 - $11.94. Right now, price is indecisive at the moment, so better wait for the price to reach out those area to taking potential setups.

Crypto VIP Signal

16 декабря 2023 12:57

ICP analysis:

Price has reached a major resistance area. Let's observe how price reacts here as it is a multi-year resistance area. A break above this resistance level will bring a good rally.

Support Area: $6.95-$7.35

Major Resistance Area: $9:20-$9.75

Crypto VIP Signal

15 декабря 2023 10:21

ADA broke through the major resistance area of $0.46, and as expected, the price rose towards the $0.60 level. If you have opened long positions, book partial profits and hold with a trailing stop loss.

Support Area: $0.595-$0.607

Resistance Area: $0.685-$0.70

Crypto VIP Signal

14 декабря 2023 19:51

BEL analysis:

Price has been rejected at the resistance area. However, a break above this level can potentially push the price towards the next resistance area.

Local Support Area: $0.62-$0.63

Major Support Area: $0.491-$0.517

Resistance Area: $0.77-$0.81

Crypto VIP Signal

14 декабря 2023 07:20

Bitcoin has recently rebounded from the support area and has now reached the resistance area. However, it seems like BTC is facing some selling pressure at the resistance level. We will have to wait and see whether BTC can break and maintain its position above $43,000. If it does, we might see a significant gain and a move towards the major resistance area.

Support Area: $40,000-$42,000

Major Resistance Area: $45,000

Crypto VIP Signal

13 декабря 2023 07:48

The market remains stagnant and Bitcoin is not experiencing any significant changes. The bears are exerting pressure to pull down the price below the $40,000 level. It is possible that the market will undergo a correction, therefore it is advisable to use tight stop-loss measures for all open positions.

Crypto VIP Signal

11 декабря 2023 19:40

ATOM analysis:

After breaking above the resistance area, the price faced a strong rejection, indicating a potential test of the support area. This zone can be considered for new entries.

Support Area: $8.25-$8.50

Resistance Area: $10.25-$10.50

Crypto VIP Signal

10 декабря 2023 14:57

Educational Post

What is Token Lockup?

The term token lockup refers to a specific period of time in which cryptocurrency tokens cannot be transacted or traded. Typically, these lockups are used as a preventive strategy to maintain a stable long-term value of a particular asset.

This may help to prevent the holders of big bags to sell their tokens all at once in the market, which would likely cause prices to tank very quickly.

It is common to see massive sell-offs after Initial Coin Offerings (ICO) where early investors (or even the project’s team) end up selling their holdings right after the cryptocurrency hits the market, causing massive drops in price.

So token lockups are used to avoid this from happening and they bring an extra level of confidence to the potential participants of a token sale.

Token lockups may also be called vesting periods. These are often set as one or two years after the launch of a cryptocurrency.

For example, if a startup creates a cryptocurrency and launches it through an ICO, they may define a lockup period for the team of two years, meaning that no team member will be able to access their tokens before the lockup period ends.

This brings a positive sentiment about the project and the team as it will likely keep them motivated to focus on long-term work, without worrying about the market value of their token.

Crypto VIP Signal

09 декабря 2023 12:17

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Crypto VIP Signal

23 декабря 2023 06:14

Bitcoin has once again been unable to break through the resistance level. The bears are currently holding the resistance level and are applying significant sell pressure near the resistance area. It's important to keep an eye on the key level of $45,000. It is recommended to set a stop loss in all open positions to minimize risk.

Crypto VIP Signal

21 декабря 2023 19:54

MANA analysis:

Price retested the support level and bounced from there, indicating a potential move towards the resistance area. Long positions can be opened if the price drops to the support level or breaks above the resistance area.

Support Area: $0.427-$0.447

Resistance Area: $0.54-$0.562

Crypto VIP Signal

20 декабря 2023 20:03

FLOW analysis:

Price broke through the resistance level and retested it, indicating a potential move towards the next resistance area. Consider opening long positions if the price drops to the support level.

Support Area: $0.707-$0.74

Resistance Area: $0.947-$0.981

Crypto VIP Signal

19 декабря 2023 20:00

SAND analysis:

Price is now testing the support area and you can open small long positions with tight stop loss.

Support Area: $0.457-$0.48

Resistance Area: $0.612-$0.620

Crypto VIP Signal

19 декабря 2023 11:13

NEO has tested the expected support area and bounced from there. If you have opened long positions, increase your stop loss to breakeven price and hold. We may see another test of the resistance area.

Crypto VIP Signal

18 декабря 2023 10:09

ICP breaks above the major resistance area and price is now retesting the level. You can open small long position here with tight stop loss. The next major resistance level is $15.

Crypto VIP Signal

16 декабря 2023 18:57

STORJ analysis:

Price is currently testing a resistance area. A clear break above this resistance level would signal a bullish trend and offer an opportunity for new long entries.

Support Area: $0.648-$0.664

Resistance Area: $0.908-$0.976

Crypto VIP Signal

16 декабря 2023 11:38

MATIC has been rejected from the resistance area. If you have long positions open, increase your stop loss to the breakeven point and hold. We may see a move towards the resistance area again.

Crypto VIP Signal

15 декабря 2023 07:09

Bitcoin is unable to hold above $43,000 and the price keeps rejecting from there. Price is holding above the support area and this is a good sign for the market. Keep an eye on the $40,000 level.

Crypto VIP Signal

14 декабря 2023 09:05

It seems like NKN has retested the support zone as we expected. If you have opened a long position there, we suggest increasing your stop loss to the breakeven point and holding onto the long position. It's possible that we may witness a move towards the major resistance area now and this would be an ideal zone for profit booking.

Major Resistance Area: $0.143-$0.15

Crypto VIP Signal

13 декабря 2023 19:26

COTI analysis:

Price has been rejected from the resistance area, indicating a potential test of the support zone. Consider placing buy orders in this area for new entries.

Support Area: $0.0544-$0.0571

Resistance Area: $0.0653-$0.0685

Crypto VIP Signal

12 декабря 2023 06:58

Bitcoin is currently holding a crucial support level and attempting to regain momentum. Meanwhile, altcoins experienced a downturn but have now started climbing once again. It's important to monitor whether Bitcoin stays stable above the $40,000 mark, as this will determine whether the upward trend in altcoins will continue. It's recommended to keep a close eye on any potential breakdown below $40,000, as it could trigger a chain of stop loss events. Additionally, it's advisable to use tight stop loss in all trades.

Crypto VIP Signal

10 декабря 2023 19:04

C98 analysis:

Currently, the price is testing a resistance area. It's important to observe how the price reacts at this level. A break above the resistance area will indicate a continuation of the upward movement. Therefore, it's best to wait for a break above the resistance area or a test of the support area before considering new entries.

Support Area: $0.177-$0.185

Resistance Area: $0.238-$0.25

Next Resistance Area: $0.297-$0.31

Crypto VIP Signal

10 декабря 2023 06:46

Bitcoin has failed to break the trading range resistance and its price continues to move sideways. Altcoins are showing good rallies, so it's recommended to book profit and increase stop loss in open positions.

Support Area: $40,000-$42,000

Resistance Area: $45,000

Crypto VIP Signal

09 декабря 2023 12:03

MEXC will list TBT in Kickstarter at Dec 9, 13:00 (UTC).

https://mexc.com/en-US/support/articles/17827791511914