Crypto VIP Signal

20 марта 2024 14:49

Educational Post

What is SPL?

SPL stands for Solana Program Library (SPL). It is a set of rules and protocols governing how tokens behave and interact on the Solana network. In other words, it is a collection of predefined protocols and specifications that dictate how tokens function within the Solana blockchain.

This standardization ensures consistency, interoperability, and ease of integration across various applications and platforms within the Solana ecosystem.

Similar to ERC-20, BEP-20, and other token standards, the SPL token standard serves as a blueprint for developers looking to create, manage, and deploy tokens on Solana, providing a cohesive framework for the Solana blockchain's evolving token ecosystem.

Key Features of SPL

1. Interoperability: SPL promotes interoperability by defining a common set of rules for tokens. This ensures that tokens adhering to the SPL standard can seamlessly interact with Solana wallets, decentralized applications (DApps), and other smart contracts on the network.

2. Composability: Composability is a crucial aspect of SPL, allowing developers to create innovative and complex applications by reusing existing SPL-compliant components. This accelerates the development process and encourages the exploration of new use cases within the Solana ecosystem.

3. Efficiency: SPL enhances the efficiency of token-related operations on the Solana blockchain. Smart contracts and decentralized applications can interact with SPL-compliant tokens more effectively, thanks to the standardized features and functions provided by the SPL token standard.

4. Native Token (SOL): The native token of the Solana blockchain, SOL, adheres to the SPL standard. This means that SOL tokens exhibit interoperability with Solana wallets, DApps, and other components of the Solana ecosystem, contributing to a seamless user experience.

Implementation of SPL

Developers on Solana can leverage the SPL token standard to create a wide range of tokens, each tailored to specific use cases. These tokens can represent anything from fungible assets like stablecoins to unique non-fungible tokens (NFTs) such as digital collectibles. The adherence to SPL ensures that these tokens share a common language, allowing for smooth integration and interaction within the Solana blockchain network.

Crypto VIP Signal

20 марта 2024 09:27

Bitcoin Dominance is currently situated between its support and resistance areas. Due to the instability of BTC, altcoins have experienced a decline in value. Altcoins are now near the support zone, indicating that there may be an opportunity for market accumulation before the next upward movement. If you're looking to invest in altcoins, it may be wise to establish your positions near the support zone. Please note that the support and resistance levels for BTC.D remain unchanged.

Crypto VIP Signal

20 марта 2024 06:16

Bitcoin has been struggling to hold the $64,000 support area and is slowly moving towards a major support area. We may see some sideways movement until we reach the support area. We need to wait and see how BTC reacts when it reaches this support area. If it breaks below, the market will turn bearish in the short term, leading to heavy selling.

Crypto VIP Signal

19 марта 2024 14:00

MicroStrategy continues to bolster its Bitcoin holdings, acquiring an additional 9,245 BTC for approximately $623.0 million. This purchase, funded through convertible notes and excess cash, equates to roughly $67,382 per Bitcoin.

As of March 18, 2024, $MSTR now holds a total of 214,246 $BTC, acquired for approximately $7.53 billion at an average price of $35,160 per bitcoin.

Crypto VIP Signal

19 марта 2024 10:24

It appears that MANTA is currently testing the support area, which was expected. If you're interested in investing, you might consider purchasing some MANTA at this support area. However, if the price breaks through this support, we may see a move towards the major support area. Despite this, MANTA seems to be a good investment option for the mid-term to long-term.

Major Support Area: $2.00-$2.20

Crypto VIP Signal

18 марта 2024 18:56

ALT analysis:

The price is currently breaking down the long uptrend channel, indicating a potential test of the local support level. It's important to observe whether the price can hold this level. It is recommended not to open new long positions at this time, and instead wait for a test of the major support area.

Local Support Area: $0.43-$0.46

Major Support Area: $0.29-$0.32

Resistance Area: $0.535-$-.583

Crypto VIP Signal

18 марта 2024 12:03

ETH has recently retested the expected support zone and as anticipated, the price has started to move up after the support area retest. If you have opened long positions, it is suggested to increase your stop loss and hold your position. We may see another move towards the $4000 level now.

Crypto VIP Signal

18 марта 2024 06:35

Bitcoin has recently rebounded from the support level between $64,000-$65,000 and is currently range trading between support and resistance. It remains to be seen whether BTC will be able to break above the $70,000 resistance area or not. We anticipate more sideways movement for the next 2-3 days.

Crypto VIP Signal

17 марта 2024 15:17

The shortage of Bitcoin supply gets more real. In the last 7 days, demand for Bitcoin surpassed supply on exchanges by around +$1.2 billion USD.

Crypto VIP Signal

17 марта 2024 06:59

Bitcoin has been struggling to break through the $70,000 mark and recently tested the expected support area. Currently, BTC is holding steady above this support level and we may see some sideways movement over the next few days. If the price does drop, the next support level to watch for is in the range of $59,000-$60,000. The resistance level remains unchanged.

Crypto VIP Signal

16 марта 2024 15:29

Educational Post

What is Law of Demand?

Demand can be described as the preparedness of consumers to buy a specific amount of assets, goods or services for a particular price. So, the main elements of demand include, among other factors, the price of the goods, and the consumers’ preferences.

We may assume that the quantity of customers who are willing to purchase a given amount of goods depends on a number of variables. In this case, one of the most important variables is the asset price.

The aspect of demand and supply echoes from that perspective. The law of demand states that as the price of commodities increases, the quantity demanded decreases, and as the price declines the quantity demanded increases.

In other words, the law of demand is perceived to occur in the following circumstances: as the price of an asset or good increase, consumers will opt to buy less. But, if the price declines, they will be naturally inclined to purchase more of the same exact product.

Crypto VIP Signal

16 марта 2024 11:13

MATIC has been moving upward and the long position has generated a peak profit of more than 75% from our entry. The price is currently testing the support area, and if you missed the earlier opportunity, you can consider opening a small long position here with a tight stop loss.

Support Area: $1.04-$1.09

Resistance Area: $1.48-$1.55

Crypto VIP Signal

16 марта 2024 06:15

Bitcoin made an attempt to surge past $70,000 but faced rejection. If it fails to breach this level, we may witness a test of the $64,000-$65,000 support range. Anticipate sideways movement during the weekend.

Crypto VIP Signal

15 марта 2024 21:42

DEGO is going as predicted and price made a high of $4.21 today. That is more than 75% profit from our entry level. Book some profit here and hold the rest with trailing stop loss.

Crypto VIP Signal

15 марта 2024 21:34

UFT made a high of $0.68 today and achieved our second target. That is more than 55% profit from our entry level.

Crypto VIP Signal

20 марта 2024 12:27

1INCH just heavily dropped below the lower with the market scenario and reached the Support. This can be a short scalping opportunity to us and can be risky also. Take it accordingly with short targets

Crypto VIP Signal

20 марта 2024 07:07

Binance Will Delist DREP, MOB, PNT on 2024-04-03

https://www.binance.com/en/support/announcement/1e531578a30c46eebf52c8dae3c56092

Crypto VIP Signal

19 марта 2024 19:02

ORDI analysis:

The price has broken the long uptrend channel, and it remains to be seen whether this is a fakeout or not. It would be prudent to wait for a candle close for confirmation. If the price is unable to close above the trendline, then we can expect a move towards the major support area. This zone presents an opportunity for new entries.

Major Support Area: $40.80-$44.50

Resistance Area: $62.5-$65

Crypto VIP Signal

19 марта 2024 12:33

QTUM is now testing the support area. Price was rejected from the resistance area and moved towards the support area as expected. You can start accumulating near the support area with tight stop loss.

Support Area: $3.50-$3.85

Crypto VIP Signal

19 марта 2024 07:52

Bitcoin is unable to go above the $70,000 level and is now back in the support area. There is a falling wedge formed on lower time frames. Let's see if BTC can hold $64,000-$65,000 support otherwise we see a dump to the $59,000-$60,000 support area.

Crypto VIP Signal

18 марта 2024 16:10

Educational Post

What Is a Social Recovery Wallet?

A social recovery wallet, also known as a social key recovery wallet, is a type of crypto wallet that includes a mechanism for recovering access to the wallet through a social network of trusted individuals. Self custody crypto wallets using this approach can provide an additional layer of security and convenience for wallet owners.

With a traditional wallet, if users lose their private key or forget their password, they may permanently lose access to their funds. With a social recovery wallet, however, the user creates a network of trusted contacts who can collectively help restore access to the wallet in the event of a lost key or forgotten password.

How Do Social Recovery Wallets Work?

Social recovery wallets work by each trusted contact having a piece of the recovery key or a unique piece of information needed to regain access to the wallet. When needed, the user can initiate the recovery process and the trusted contacts work together to reconstruct the necessary credentials, allowing the user to regain control of their wallet and funds.

Crypto VIP Signal

18 марта 2024 09:13

Solana's global Google search interest skyrockets to an all-time high, marking a historic milestone for the revolutionary blockchain platform.

Crypto VIP Signal

17 марта 2024 19:01

MANTA analysis:

Price is trading in a range and a break of this will be epic. You can build your position near the support area. MANTA has good potential and will be in the top 20 coins in the coming months.

Support Area: $2.45-$2.60

Resistance Area: $3.75-$4.00

Crypto VIP Signal

17 марта 2024 11:11

The total marketcap of altcoins, also known as TOTAL2, recently faced rejection from a significant resistance area. We may witness a test of the lower support area in the coming days before the continuation of the uptrend. If you plan to invest in altcoins, it is advisable to wait for some time before opening new long positions.

Support Area: $925-$975 Billion

Resistance Area: $1.20-$1.25 Trillion

Crypto VIP Signal

16 марта 2024 19:39

QTUM analysis:

Price has been rejected from the resistance area and is moving downwards. This may lead to a test of the support area, which could be a good opportunity for new entries. The price may bounce back after some accumulation at the support area.

Support Area: $3.50-$3.85

Resistance Area: $5.00-$5.50

Crypto VIP Signal

16 марта 2024 13:54

FIDA continues the upward movement and made a high of $0.726 today. The long position gives more than 120% profit from our entry. You can book the profit now or hold with trailing stop loss. Keep Earning 😊

Crypto VIP Signal

16 марта 2024 08:31

MicroStrategy acquired 205,000 Bitcoin over four years.

In contrast, BlackRock swiftly purchased 223,645 Bitcoin for its spot Bitcoin ETF in just a few months.

Crypto VIP Signal

15 марта 2024 21:45

Our analysis team is a force to be reckoned with. We tirelessly search for the most optimal Technical Analysis (TA) and Fundamental Analysis (FA) setups for our community. If you've benefited from our trades, remember to spread the wealth with your loved ones. Let's keep the earnings flowing! 😊💰

Crypto VIP Signal

15 марта 2024 21:41

DEGO BTC pair achieved second target and printed more than 43% profit from our entry.

Crypto VIP Signal

15 марта 2024 21:31

FIDA achieved our third Target and print more than 95% profit from our entry level. Book some profit and hold the rest with tight stop loss.