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What is Balloon Loan ?
A balloon loan is a type of loan that does not get fully amortized. The payment made at the end of the loan term is referred to as the balloon payment due to its size. A balloon loan is mostly used for short-term loans ranging from 5-7 years and has a relatively lower interest rate initially.
How Does Balloon Loan Work ?
Balloon loans usually have short terms (mostly ranging from 5-7 years), and a small amount of interest is applied to them. The payment method for balloon loans differs from that of a traditional loan. It is not designed to pay the whole loan amount by the end of the term; instead, only a small amount is to be paid monthly. At the end of the term, the principal balance left is to be paid off by a single payment called the balloon payment.
Balloon loans are primarily used for mortgage or auto loans. In a balloon mortgage, the buyer takes out a loan with a low-interest rate; the payment method used is mostly the same as for a 30-year mortgage. After the end of the term, the balloon payment is to be paid off. The buyer has a few options at this stage: sell the property or apply for a traditional loan with lower interest rates than before. There is a risk that the property might not be worth the amount required or that the interest rates are higher.
Example of Balloon Loan
A person is looking to buy a house worth $200,000. He takes out a balloon loan with an interest rate of 4.5% per month. The term is decided to be seven years. The person has to make a payment of $1,013 per month for the next seven years. At the end of the term, he paid $85,092, and $175,066 remains. This remaining amount will be called a balloon payment.
Here's the Analysis of #XRP :
#XRP moving inside the uptrend channel pattern after rejecting the major support zone of $0.462 - $0.464. Currently, price on it verge to break the channel or might have a bounce from here to retest the strong Resistance Zone of $0.538 - $0.547. You can go shorting after the channel breaks.
#BITCOIN DAILY TF UPDATE :
#BITCOIN doesn't played that well, and moved in a range. Price Retesting the Resistance zone around $26,600 and failing to break it. Well, its weekend now, expecting the volume to dried up more. A Rejection is expected through the level as overall, trend is down.
What is Polkadot Crowdloan ?
"Polkadot Crowdloan is the process of depositing Polkadot (DOT) tokens to endorse specific projects in the Polkadot Slot Auction. In return, participants stand to gain rewards from these projects.
Polkadot (DOT) is an open-source protocol facilitating data and application exchange among diverse blockchains. Within the Polkadot ecosystem, two blockchain types exist: the main chain, known as the Relay Chain, and parallel blockchains, referred to as parachains. The Relay Chain serves as the central hub, interconnecting various parachains. Parachains, akin to Ethereum Plasma chains, can process transactions independently, contributing significantly to blockchain scalability.
To secure a connection between parachains and the Relay Chain, parachain projects must secure a parachain slot through the Parachain Slot Auction. To participate in the auction, projects stake DOT, Polkadot's native token. The projects offering the highest DOT stakes can become Polkadot parachains and lease slots for durations ranging from 12 to 96 weeks.
To accumulate more DOT tokens for bidding, parachain teams can engage in Polkadot Crowdloan to obtain DOT from the community. Crowdloan functions as a crowd-funding mechanism enabling individuals to support specific parachain projects by staking DOT. Participants who stake DOT in a crowdloan campaign may receive rewards from the project, which can manifest as tokens from the supported parachain. Once participants engage in a crowdloan, the staked DOT becomes locked within the project's slot auction bid. In the event the project secures the auction, it can lease a slot to establish a connection between its parachain and the Relay Chain. The DOT tokens acquired through the crowdloan are subsequently locked within the parachain slot for the entire lease period, which spans from 12 to 96 weeks."
#INJ flips above the $6.97 level and moved as per our plan as mentioned. Price is been pushing around 4% in favor and might move more. Currently, price testing the resistance and break & Close, which push the price till next resistance around $7.78.
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Here's the Analysis of #KLAY :
#KLAY is is been heavily trending down breaking the major support zone of $0.132 - $0.136. and making Lower Lows. Well, No past levels w can see here as of now, so better wait for deeper retracements, to go shorts in it.
#BTC.D nearly reversed from the major support zone and broken the structure too. Due to this, Altcoins made some crash over the short period of time. 50.64% is the next Resistance area where index can reach, so tighten the strong in open trades.
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#BTC reversed after some sort of panic mode and manipulation and but still $26,600 Mark is standing strong as resistance zone. Good thing to say, price is good above $25,000 breaking it lower will lead in Panic dump again.
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What is Orphan Block ?
An orphan block, also known as a stale block, is a term used in blockchain technology to refer to a block that was successfully mined but is not included in the main blockchain. Orphan blocks typically occur when multiple miners solve a block at nearly the same time. Only one of these blocks can become part of the blockchain, while the others become orphans.
Working
Miners compete to solve complex mathematical puzzles in order to add a new block of transactions to the blockchain.
Sometimes, multiple miners solve the puzzle at a similar time. These miners then broadcast their newly mined blocks to the network.
The network chooses one of these blocks to be added to the blockchain. This choice is typically based on which block is received and verified by the majority of nodes in the network first. The first block to reach consensus becomes part of the blockchain, while the others are considered orphaned.
Orphan blocks do not contain invalid transactions or incorrect data, they are simply not included in the main blockchain.
Miners who contributed to the orphaned block do not receive the usual block rewards for their efforts. This is because their block was not added to the blockchain.
In summary, orphan blocks are a natural occurrence in blockchain networks and are a result of the decentralized and competitive nature of blockchain mining. They represent blocks that were almost part of the blockchain but ultimately were left out due to the network's consensus mechanism.
Notice of Removal of Trading Pairs - 2023-09-15
https://www.binance.com/en/support/announcement/7f6d179aff1740d387d451a9659d9c6b
#BTC did what we said, price rejected nearby its drawn up resistance zone around $26,600 and dropped. Well, now we can expect a new lower low to form and tapping below $25,000 support.
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What is OCO Order ?
An OCO (One Cancels the Other) order allows you to place two orders at the same time. It combines a limit order with a stop-limit order but only one of them can be executed. This means that as soon as one of the orders is partially or fully filled, the other is automatically canceled. Manually canceling one of the orders will also cancel the other one.
When trading on Binance, you can use OCO orders as a basic form of trade automation. This feature allows you to place two limit orders at the same time, which can minimize potential losses. However, the use of OCO orders may vary slightly, depending on the specific exchange used.
For instance, you may have bought 5 ETH for 0.34 BTC due to speculation that ether will likely increase in value against bitcoin. You can then use OCO orders to minimize losses should your prediction be incorrect, or take profits if the outcome is in your favor.
To do this, you could place a profit-taking order at 0.4 BTC, along with a stop-limit order at 0.3 BTC. If the price rises to 0.4 BTC, your sell order will be executed and the stop-limit order will be canceled automatically. Conversely, if the price drops to 0.3 BTC, the stop-limit order will be executed and your profit-taking order will be canceled.
The sell order will only be placed if the trigger price is reached or exceeded, which in this case is 0.34 BTC. So, if the price of ETH/BTC drops to or below 0.34 BTC, a sell order will be placed at 0.3 BTC.
The OCO feature allows traders to work in a safer and more versatile way by automating the aforementioned tasks, so they can lock in profits and minimize risk. Do note that while this is a simple tool, using it effectively requires a good understanding of limit and stop-limit orders.
#ADA is been given a break below of the zone which is the short-sell opportunity. Price moved in 5.62% in profits. Better it time to set at breakeven and hodl it. We've clean traffic, to the left and might hit BE stops. Attempting sells until it flips above the zone.
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Here's the Analysis of #LUNA :
#LUNA is been consolidating in a range and kinda trying to hodl above the support zone of $0.388 - $0.393. Well, if market remains stable, then we can see a push in price till Resistance zone around $0.46 5 - $0.470. You can either trade the range or Wait for Break below of the zone.
#UNFI made a final push and dumped hard back to the support zone. Well, In this ranging market, our call peaking more than 50% in favor. Right now, Price broke below the support zone, so buying would be risky. Shorting would he Higher Probabilistic.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN just moved back and forth, by which it gave a breakout over the strong zone of $26,700. Well, price testing the downtrend resistance line and might turn into a fakeout too. Eyes on Daily Candle closing, if sustains above the zone then we can see a push higher.
What is Race Attack ?
A race attack, in the context of cryptocurrency or blockchain technology, is a type of security vulnerability or exploitation that occurs when an attacker attempts to manipulate a blockchain network's consensus mechanism by submitting multiple conflicting transactions with the aim of double-spending their digital assets.
In a race attack, the attacker tries to create confusion within the network by broadcasting two conflicting transactions at nearly the same time. One of these transactions typically involves sending cryptocurrency to a legitimate recipient, while the other sends the same cryptocurrency back to the attacker's wallet or address. The objective is to deceive the network into accepting both transactions simultaneously, allowing the attacker to spend the same funds twice.
The success of a race attack often depends on the speed at which the attacker can propagate these conflicting transactions across the network. If the attacker can spread the double-spending transactions quickly enough, there is a higher chance of both transactions being included in a block.
To mitigate the risk of race attacks, blockchain networks typically employ consensus mechanisms like proof of work (PoW) or proof of stake (PoS), which prioritize the transaction that is first confirmed and included in a block. As a result, only one of the conflicting transactions will ultimately be accepted by the network, while the other will be rejected.
It's important to note that the effectiveness of race attacks varies depending on the blockchain's specific consensus rules and transaction confirmation times. As such, blockchain developers and users need to be aware of the potential vulnerabilities associated with race attacks and implement appropriate security measures to minimize their risks.
Here's the Analysis of #APE :
#APE Approaching towards its listing price in #binance and its ATL (All-Time Low) and kinda continue to drop like this till $1.00. Nothing we can do it right here, it better to have an eye on it. A deeper retracement can be good opportunity for shorting.
If we isolate #stablecoins, we can see that a total of $43B in capital has been redeemed, representing a total decline of 26% since the high set in March 2022. This can be argued to be a result of both capital leaving due to bear market conditions, but also a reflection of the opportunity cost of higher interest rates, which are not passed onto non-yielding #stablecoins.
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#BTC sustaining above the $26,000 level and breaking the resistance area too. Well, that's pretty much corrective move and price might dump which result a fakeout. Alternatively, a Daily Candle Close is Required.
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What is Permission less Blockchain ?
A permissionless blockchain is a type of blockchain network that allows anyone to join the network, participate in the process of block validation (often referred to as mining), and perform transactions without needing approval or permission from a centralized authority. It is characterized by its open and decentralized nature, which contrasts with permissioned blockchains that restrict access to a select group of participants.
Here are the key features and concepts associated with permissionless blockchains:
1. Decentralization: Permissionless blockchains operate on a decentralized network of nodes (computers) that collectively maintain the blockchain ledger. No single entity or authority has control over the network.
2. Open Access: Anyone can download the necessary software, become a node on the network, and participate in activities such as mining, transaction validation, and adding new blocks to the blockchain. There are no entry barriers or requirements to join.
3. Trustless System: Permissionless blockchains rely on cryptographic algorithms and consensus mechanisms (e.g., Proof of Work or Proof of Stake) to validate and secure transactions. Participants do not need to trust each other; they trust the blockchain's rules and mathematics.
4. Censorship Resistance: Transactions on a permissionless blockchain are resistant to censorship because there is no central authority that can block or reverse transactions. This feature is particularly valuable in regions with limited freedom of speech or oppressive governments.
5. Public Ledger: The entire transaction history of a permissionless blockchain is publicly accessible and transparent. Anyone can verify transactions, ensuring the integrity of the network.
6. Cryptocurrency: Many permissionless blockchains have their native cryptocurrencies (e.g., Bitcoin, Ethereum). These cryptocurrencies are used as incentives for miners, as a means of exchange, and to pay for transaction fees on the network.
7. Innovation: Permissionless blockchains encourage innovation because developers can create decentralized applications (DApps) on the platform without seeking approval. This has led to a wide range of use cases beyond simple currency, including smart contracts, tokenization, and more.
8. Energy Consumption: Some permissionless blockchains, such as Bitcoin, use energy-intensive consensus mechanisms like Proof of Work (PoW). This has raised concerns about their environmental impact due to the significant amount of computational power required.
9. Scalability Challenges: As more users join a permissionless blockchain network, scalability can become a challenge, leading to issues like slower transaction processing times and higher fees. Various solutions are being explored to address these challenges.
Notable examples of permissionless blockchains include Bitcoin (the first cryptocurrency), Ethereum, and many others that have emerged over the years. These networks have gained popularity for their ability to provide secure, decentralized, and borderless financial and technological solutions. However, they also face ongoing debates and challenges related to scalability, energy consumption, and governance.
#BTC following up the range, and moving in our favor if you managed to enter after rejection. Price almost reached out the other end of the zone, so make to book profits and prepare for shorts over there.
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Here's the Analysis of #INJ :
#INJ is been been trying to breakout of the Downtrend Channel Pattern and also flipping above the support zone of $6.88 - $6.96 . Well, in that case, if price closes above the zone, then we can see a mid-term bullish move in #INJ. Overall, market is in downtrend, so it can turn into a fakeout, so care watch it.
🟢 #Stablecoins have experienced a persistent decline in supply since April 2022, as redemption commenced following the collapse of LUNA-UST.
Both 🟠 #BTC and 🔵 #ETH experienced a net inflow of capital since the start of the year, seeing their Realized Cap's climb by up to $6.8B/month (#BTC) and $4.8B/month, respectively.
This Concludes, Stablecoins started losing value since April 2022 due to issues with #LUNA-#UST. #Bitcoin (#BTC) and #Ethereum (#ETH) gained more capital this year, but since late August, things have slowed down for all three. This might mean that the market is uncertain and not moving much."
#SNX is not good enough for buys, already told. Price created below the range and retesting as resistance multiple times around $2.13. This looks good for short-sells now, take it accordingly.
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Here's the Analysis of #SUSHI :
#SUSHI is been consolidating over the last area of support or we can say nearby its ATL (All-Time Low) around $0.472 - $0.551 and kinda wait for a breakout to take any setups into account. You can have a range trading or Potential buys above $0.63 Mark. For shorting, wait for the major support to break.
#Bitcoin network settlement continues to languish, currently residing at a value of $2.63B.
This remains just $660M (25%) off of the cycle low of $1.97B, highlighting the significant full in network settlement.
#BTC goes exactly what HTF indicated. Price Strongly dipped below the $25,000 level and even goes nearby major support zone $24,880. It might be a manipulation move, so overall, upper are will remain as resistance and might reject again.
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What is Multi-signature Wallet ?
The term multisig stands for multi-signature, which is a specific type of digital signatures that can be created through the combination of multiple unique signatures. The multisig technology makes it possible for two or more users to collectively sign digital documents or cryptocurrency transactions.
Despite the fact that multisig has been extant within the world of cryptocurrencies, the principle is one that existed long before the creation of Bitcoin. The technology was first implemented to Bitcoin addresses in 2012, but the first multisig wallet was only created one year later.
How does it work?
In short, the funds stored on a multi-signature address can only be accessed when 2 or more signatures are provided at the same time.
As a simple analogy, we can imagine a secure deposit box that has two locks and two keys. One key is held by Alice and the other one is held by Bob. The only way they can open the deposit box is by providing their both keys at the same time, so one cannot open the box without the approval of the other.
This means that multisig wallets offer an additional layer of security and by using this technology, users are able to prevent the problems that often occur with the use of single-key wallets (the ones that rely on a single private key to be accessed). By having a singular key, the funds of common cryptocurrency wallets are protected by a single point of failure, and that is why cybercriminals are constantly developing new phishing techniques to try and steal the funds of cryptocurrency users.
Since multisig addresses require more than one signature to transfer funds, they are also suitable for businesses and corporations that may want to store funds on a shared wallet. This would mitigate the risks that arise by keeping the funds in the hands of a single person or by handling a single private key to multiple individuals at the same time.
#ADA gave a break below, of the zone started to pushing lower. Well, Its as per our plan, so if you took the trade, then try to trail the stops with moving market.
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