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Here's the Analysis of #TRX :
#TRX is been flipped above the zone and kinda rejected off from the Major Resistance zone of $0.11 - $0.12. Price already retraced from the zone and again backed up. Well, Price formed a new Range, where a breakout will lead in the direction of the price. The range is pretty good for scalp, so take it accordingly, for a good swing, better wait for the breakout.
#Ethereum Short-Term Holder sentiment indicator, as reported by Glassnode, has made a significant shift to optimism for the first time since Nov-2021.
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#BTC experienced a breakout from the narrow trading range but faced rejection at the $42,000 resistance zone. If the price fails to surpass this level, a retracement back to the $40,000 zone is likely. It's advisable to set stop losses in all open positions to manage risk effectively.
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What is Snapshot ?
Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).
Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.
Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.
According to #Glassnode, a number of long-term holders cut their losses two days ago, sending more than $430 million in Bitcoin to the exchange on January 22.
Recently, short-term and long-term hodlers have stopped taking profits, but switched to cutting losses.
Here is the analysis of #SUPER:
The price is currently fluctuating within the support and resistance zones. There is a possibility of a movement towards the support zone, presenting an opportunity for new entries in that area. Note that a small downtrend line acts as a resistance area, and a downtrend channel is observed on lower time frames. The overall structure is bearish until we see a test of the support zones.
Keep a close eye on the price dynamics, especially around the support and resistance zones, for potential market setups.
#BTC created the low around $38,550, nearly reaching the area of support. Still anticipated price to reach either end of the zone (a clean retest or tap in into support). Daily TF, build up a support where, retest are high probable, also price travelling inside the downtrend channel pattern and breakout of that and resistance would be considered as bullish.
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What Are Laser Eyes?
The laser eyes meme, popularized on Twitter, symbolizes a bullish stance on Bitcoin's price, aiming for $100,000. Advocates of this trend, exhibiting strong confidence in Bitcoin's future, are often characterized by "diamond hands," signifying a long-term HODL strategy to accumulate more BTC. Originating from the #LaserRayUntil100 hashtag in February 2021, the meme involves users adding red (or varied colored) laser beams to their profile pictures for 24 hours, with some adopting it permanently.
Initially associated with superheroes, laser eyes became a symbol of extraordinary power. Influential figures like Elon Musk, Tyler Winklevoss, Tom Brady, US Senator Cynthia Lummins, and El Salvador’s President Nayib Bukele have supported the laser eyes campaign, showcasing their backing for Bitcoin. Even Ricardo Salinas Pliego, Mexico's third wealthiest individual, has expressed his support for BTC through this viral meme.
#TOTAL2 (Altcoin MarketCap) Update :
#TOTAL2 made a strong decline with the market conditions and made its way back to the support zone of $745B - $750B mark. Overall, market is also over the major level, and similar goes here too, if Index giving close below then we can expect it to move towards the Major Support Zone around $645B Mark, so better wait for making fresh entries in the market or make some minor ones.
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What Is an Initial Game Offering (IGO)?
Initial Game Offering (IGO) launchpads are the latest trend in the crypto world and the concept is similar to Initial Coin Offering (ICO). The only difference is that in IGOs, the platform hosts gaming projects that are based on NFTs or tokens as their in-game currency and rewards.
Investors can put their funds into the gaming projects offered by IGO launchpads and expect significant ROI once that gaming project is launched on major crypto exchanges or gains popularity in the ever-increasing gaming community.
With the rise of blockchain gaming, IGOs are becoming the next big thing in the crypto space. Games like Axie Infinity (AXS), CryptoBlades (SKILL), and Alien Worlds (TLM) have thousands of daily active users. Axie Infinity is currently leading the pack with over $1.1 billion USD in sales so far in 2021. While Axie Infinity has launched its initial token sale of $AXS on the Binance launchpad, players in the game earn income primarily from its Smooth Love Potion ($SLP) token. $SLP are obtained by completing daily quests, competing with other players (PvP) and battling monsters in adventure mode (PvE). Players can trade $SLP to fiat on exchanges like Binance, and users in the Philippines can check the SLP exchange rate to PHP directly on CoinMarketCap.
Owing to this huge popularity, several IGO launchpads have surfaced, including Gamefi (GAFI), Enjinstarter (ENJINSTARTER), Gamestarter (GAME), Seedify.fund (SFUND), and others.
IGOs may seem a good investment, however, before investing in any IGO platform or projects that are in its initial game offering (IGO) phase, a few things should be considered:
See the holder benefits of the native tokens. Check the percentage of benefits and compare them with other IGOs.
—> Check whether the IGO launchpad is providing guaranteed allocation. This may cost higher than IGO launchpads that use a lottery mechanism; however, in that case, allocation is not guaranteed.
—> Evaluate the ROI of the active IGOs offered on the platform. A launchpad with a history of good projects is likely to provide major returns on most of its upcoming projects.
—> Check the launchpad's holder value which acts as a performance metric for any IGO launchpad. A high holder value amounts to a higher token valuation, which implies that investing in that IGO may prove to be beneficial.
—> Check the number of token generation events of an IGO launchpad. A higher number of events imply the platform strives to host quality initiatives to boost its overall valuation.
#BITCOIN DAILY TF UPDATE :
#BITCOIN pinpoint and precisely, from levels to level, pushed due to #ETF news but ended up being rejected from the Resistance Area of $47,000. Price again tapped into the major level (Grey Box) around $42,000, where rejection might happen. Structure now turned bearish, so careful with any sort of fresh trade now. Also, if #BTC remains stable here let's say, consolidation happens, alts will fly strongly.
#BTC.D gone as per our plan, #BTC tighten the market which lead in alts dump but over all rejected from the mentioned area of Resistance Zone. Well, its been a huge drop, which made a rally in alts and now reaching the support zone of 51.8% - 52.0%. Keep the Stops tights and watch our over it. Moreover, if #bitcoin stable down here, then we can break those support, which will the open signal for alts buy setups.
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Here is the analysis of #TRX:
Price seized the liquidity and gained momentum. There is a high probability of a move towards the $0.108-$0.110 resistance zone. Wait for sometime and see how price reacts on the resistance and consider opening long positions only after a breakout above the resistance zone.
What Is Impermanent Loss?
Impermanent loss can arise when there is a price discrepancy between the two assets a trader holds on a DEX, usually a cryptocurrency and a stablecoin (such as USDC). When the price of the cryptocurrency falls relative to the stablecoin, the trader can experience a loss due to the difference in prices. This is known as impermanent loss.
How Does Impermanent Loss Work?
Impermanent loss occurs when traders use a DEX to buy one asset with another asset. For example, if a trader buys Ethereum using USDC, then the trader is exposed to the price movements of both assets. If the price of ETH falls relative to USDC, the trader’s profit from the trade will decrease or even become a loss. This is because they have to sell the ETH at a lower price to get back to the original USDC amount.
Let’s imagine that a provider needs to offer equal levels of liquidity in both USDC and ETH but suddenly, the price of ETH goes up. This creates an opportunity for arbitrage because the price of ETH in the liquidity pool now doesn’t reflect the market price. Other traders will buy ETH at a discounted rate until the equilibrium is restored.
After arbitrage, a liquidity provider may end up with a greater amount of USDC and slightly less ETH. Impermanent loss is the difference between the trader's new portfolio balance and what they would have had if they had just held on to their old balance. The loss is realized when a trader withdraws the liquidity from the pool.
How to Avoid Impermanent Loss?
One way to prevent impermanent loss is to use stablecoins, such as USDC and DAI, or wrapped versions of the same assets like wBTC offered by Curve. Balancer also offers arbitrary weights for its liquidity pools different from the 50/50 model, which can reduce the risk of impermanent loss if a token has a higher weight in the pool.
Additionally, a few DeFi protocols are beginning to explore innovative solutions like price oracles used by Bancor, and single-sided liquidity pools employed by Tokemak, where the protocol’s native token absorbs the risk of impermanent loss in exchange for swap fees and bribe rewards.
Impermanent loss can also be minimized by setting up a portfolio of assets that are relatively well-correlated. This way, when the prices of the assets diverge, the portfolio will remain relatively balanced, and the trader can avoid any unexpected losses.
#APY vs #APR: What’s the Difference?
#APY, or annual percentage yield, incorporates interest compounded quarterly, monthly, weekly, or daily, while APR, or annual percentage rate, doesn’t. This simple distinction can make a significant difference to the calculations for returns over a period of time. It is therefore important to understand how these two metrics are calculated and what it means for the returns that you can earn on your digital funds.
#APR
#APR stands for annual percentage rate. This is the simpler of the two terms. In simple terms, the Annual percentage rate is the interest a lender is bound to earn on their money. Also, the borrower pays for the interest over one year.
#APY
#APY stands for Annual Percentage Yield. Unlike in the #APR model, where you get a fixed amount after every year, which is decided upon by the initial principal amount itself, in the annual percentage yield, you will receive some interest every month.
#SUPER has broken out of the small downtrend channel and is currently heading towards the major resistance zone. Traders may want to consider a potential setup for short positions near the resistance zone. Keep a close eye on the price action for confirmation and adjust your strategy accordingly.
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Here is the analysis of #MULTI:
The price broke the falling wedge pattern but encountered significant rejection at the resistance area. Currently retracing after the pump, there's a possibility of sideways movement near the $2.10-$2.25 support zone. This could present an opportunity for considering new long positions.
#CHZ has broken out of the triangle pattern and the major resistance area with substantial volume. If you're holding long positions, consider moving your stops to the breakeven point. There's a potential for a move towards the $0.123-$0.132 resistance zone in the coming days, and this zone could be an opportunity for profit booking.
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#BTC doesn't made a move al all and price did moved aggressively as predicated as breakout was not healthy. Price made a small range after the tiny break and on daily TF, look like price trying having a pullback back inside the major resistance. Need to see a strong breakout either side.
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#ETH approaches the support area and encounters strong buying pressure in this zone. Consider establishing long positions near the support area. There is a possibility that the price may trend towards the formidable resistance zone around $2400. Keep a close eye on the market dynamics for potential opportunities.
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#BTC slides below the Major Support Zone now and turned it into the Major Resistance now. Price given a sharp closing below the strongly, expected to reach out the next support zone of $38,000. Before that a retest is expected back tot major level before going any lower. This week, the weekly candle will play an important role for the market.
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#Bitcoin perpetual funding rates have consistently shown a strong positive bias, signifying a prevalent net long position among leveraged traders. The short-side annualized yields have occasionally exceeded +50%, emphasizing the sustained bullish sentiment. A notable phase shift occurred in mid-October, transitioning from oscillating around neutral to a consistently positive structure. While funding rates have cooled off this week, the overall trend remains positive.
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Here's the Analysis of #ICP :
ICP is been rejected hard from the major resistance zone of $15.34 - $15.75 and reached the support zone of $10.50 - $10.95. Price also forming the Triangle formation by which a breakout will decide the next move of the market. You can take a small risk here as a early entry. Shorting only after the candle closure below the support.
#Bitcoin made a strong move to the down side which was least expected but it happened. Anticipating, a up move with the confluence but dip down to the Major Support Zone and price still rejecting the it. Price should strongly bounce from here but a Daily Candle closing below the zone, would be the matter of concern, so eyes on it.
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Here's the Analysis of #GRT :
#GRT is been kinda making messy moves and slides below the Zone of $0.174 - $0.177. Price testing the zone as Resistance where price cloud the reach the next support around $0.160, but the trading range is small. So, wait for the setup to appear, which can be daily candle closed closing either side of the zone.
Here's the Analysis of #RUNE :
#RUNE is been rejected from the major Resistance Area of $5.98 - $6.13 also also sliding below the strcutural support zone of $4.65 - $4.79. Well, price already gave a fakeout but unable to sustain over it. In case price again close below the support, then we can go short over the retest of the zone as resistance area.
#BTC, kept on sustaining over the zone, but did also rejecting from Structural Resistance area. Well, its been looks like price forming a range, potentially price will retest the Major Support zone, before going higher. Altcoins gave a good push with the market momentum and more yet to come as soon as price stable down, money will start flowing into alts.
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What Is an Initial Dex Offering?
Initial dex offerings, or IDOs, are tokens that represent any type of asset hosted on a decentralized exchange (DEX) — an IDO is when a project launches a token through a decentralized liquidity exchange. IDOs can be created for anything from cryptocurrency to a music album, to aether powered battle ships. IDOs offer businesses a tool for engaging their communities in an economy that both enriches their products and services while allowing them to make smart business decisions regarding their assets.
In the same way that traditional startups receive venture capital before launching, projects issuing initial DEX offerings receive financing from individual investors. Unlike an initial public offering, investors in initial dex offerings never own any equity in the project.
IDOs have some benefits that may make them more attractive than ICOs and IEOs: immediate liquidity, immediate trading and lower costs for listing.
An initial DEX offering or IDO refers to the launching of a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project makes a coin’s first public debut on a DEX in order to raise funding from retail investors. IDOs have similarities with initial exchange offerings (IEOs), where crypto projects launch their token and raise funds via a centralized exchange, since both allow immediate trading on top of raising funds. However, centralized exchanges impose strict ground rules including:
—> Payment of a huge sum or offering a portion of the tokens to the exchange;
—> Prohibiting the project from listing their token on competing exchanges;
—> Having very small leeway in controlling the parameters of a project’s token sale.
IDOs, on the other hand, can offer a far more cost-effective token sale and listing model. Firstly, an IDO provides quick liquidity with little to no slippage through available liquidity pools in a DEX. Relatively, it has cheaper listing costs. And like IEOs, it allows instantaneous trading.
Examples of DEXs that offer IDO services include Binance DEX, Polkastarter and Uniswap. Most traders also prefer IDOs over ICOs since IDO listings prevent the issuer of the tokens from controlling how the fundraising round will go. One of the first IDOs launched in the space was RAVEN, which was listed in Binance DEX in June 2019.
#BTC.D is made a retest but failed to create a lower low, instead given a break and close above of the Resistance Area. Alts were dumping aggressively right now, as #BTC make short-term aggressive moves, and money started flowing into it. Dominance Reached towards the Resistance area of 54.5%. Still, there's index reached area, so alts will react and might jump a little bit.
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