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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.
Here's the Analysis of #HIFI :
#HIFI kinda giving fakeouts over, the large consolidation range tapping into the Major Support Zone of $0.51 - $0.52 and Strong Resistance around $0.83 - $0.85. Currently, price is very confusing, have to wait for the price to reach either end of the zone. Alternatively, you can wait for the break of the $0.62 level, to sell down till major support, as it have enough range take that move.
Here's the Analysis of #APT :
#APT is been moving within ranges to ranges and rejected strongly from both Strong Support around $8.45 - $8.65 and Major Resistance Zone of $10.72 - $10.87. Currently, price lying on the strong flip area around $9.00 - $9.10 and expected to reach at Strong Support Area, where buys will come from, and Trading range is good enough, so take it accordingly.
What Is Hard Peg?
A "hard peg" refers to a fixed exchange rate system in which the value of one country's currency is directly tied to another major currency or a basket of currencies. In a hard peg, the exchange rate is set and maintained rigidly by the government or central bank, and it doesn't fluctuate in response to market forces like supply and demand.
The goal of a hard peg is to provide stability in international trade and financial transactions. However, maintaining a hard peg requires active intervention by the central bank to buy or sell currencies to keep the exchange rate within the specified limits.
An example of a hard peg is a currency board system, where a country's currency is pegged to another major currency, and the central bank holds reserves in that currency to ensure the fixed exchange rate. The Chinese yuan's peg to the U.S. dollar from 1994 to 2005 is another historical example of a hard peg.
Another Example: Tether (USDT) and US Dollar Peg:
Tether (USDT) is a widely used stablecoin in the cryptocurrency market. It is designed to maintain a 1:1 peg to the U.S. dollar. This means that 1 USDT is intended to be equivalent to 1 U.S. dollar.
While Tether doesn't operate under a traditional hard peg system with a central bank, it claims to achieve its peg by holding reserves of U.S. dollars in a 1:1 ratio to the circulating supply of USDT. Users and investors can theoretically redeem their USDT for U.S. dollars at a fixed exchange rate.
It's important to note that the effectiveness of such pegs can be subject to scrutiny and regulatory concerns. The stablecoin market has seen the development of various models, including those backed by fiat reserves, algorithmic stability mechanisms, or a combination of both. The level of decentralization and transparency in maintaining the peg can vary among different stablecoins.
What Is a White Swan Event?
A White Swan event in the financial market refers to a highly foreseeable and expected occurrence. Unlike Black Swan events that are rare and unpredictable, White Swan events are events that market participants generally anticipate due to their regularity or historical precedent.
Example of a White Swan Event in the Financial Market:
Quarterly Earnings Reports:
Quarterly earnings reports released by publicly traded companies are a classic example of a White Swan event in the financial market. These reports are scheduled, anticipated, and provide detailed information about a company's financial performance, including revenue, profits, and future guidance. Investors and analysts typically expect these reports and plan their investment strategies around them.
For instance, if a company is known to release its earnings report on a specific date, investors will prepare for potential market movements based on the outcomes. Positive earnings may lead to a rise in the company's stock price, while disappointing results may result in a decline. Since the timing and content of earnings reports are known in advance, they are considered White Swan events in the financial market. Investors actively incorporate these events into their decision-making processes, and the market usually adjusts accordingly.
A well known example of a White Swan event could be the scheduled and anticipated #Bitcoin halving. The Bitcoin halving is a pre-programmed event that occurs approximately every four years, reducing the rate at which new bitcoins are generated by half. Bitcoin halving's are well-known and expected by the cryptocurrency community because they are part of the Bitcoin protocol. Miners and investors anticipate the impact of this event on the supply and demand dynamics of Bitcoin, making it a White Swan event in the crypto space.
Here's the Analysis of #WRX :
#WRX is been kinda moving confusing moves at the moment, Price already rejected strongly from the Major Resistance Area of $0.26 - $0.27 and might gonna reach the support zone (Grey Box) of $0.19 - $0.20 as there's a ton of liquidity building below it. Buy will come from there so take the setup accordingly.
#BTC gave a bearish weekly closing and but still above the major support area. Price failed to break the resistance and formed new resistance zone. Well, On Daily TF, price hovering over the major support area and inside the triangle pattern too. It's a Near Year Time, so market is kinda ranging now and expected this to happen till the mid week.
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Despite Bitcoin's remarkable price performance, a significant portion of BTC remains inactive, qualifying as Long-Term Holder status in the wallets of investors. Out of the total circulating supply of 19.574 million BTC, more than 14.900 million (76.1%) are stored off exchanges and have not undergone any transactions in over 155 days, marking an increase of 825,000 BTC year-to-date. Consequently, the Short-Term Holder Supply is currently at an all-time low of 2.317 million BTC.
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3 hours left until the mega pump on MEXC! Things are looking great for us and we will definetly be expecting a very nice signal!
Here is a list of things you need to know before the Mega signal:
- The faster you buy the more profit you will make, buying early is the most important factor that will determine your profits.
- If you are using market buy , using the 100% option won't work , instead use between 75% and below.
- The signal will be free for all and on MEXC, the signal will be given on all our telegram groups at the same time
Here's the Analysis of #IOTX :
#IOTX is been rejected hard, from the Major Resistance of $0.060 - $0.064 and resting above, the support zone of $0.046 - $0.048. Price discovered a new range where price will move, in case price break below he support zone then we can go for a shorting opportunity else, buy will be high probable till Major Resistance.
Here's the Analysis of #ROSE :
#ROSE flipped above the strong level of Resistance of $0.114 - $0.121, where price already tested the zone as support and an another retest is expected towards the zone again for continue pushing towards the Next Resistance area of $0.161 - $0.166, as its moving properly inside the uptrend channel pattern.
Hey fellas!! Great news for y'all 🥳
We have received a lot of request from our community for a massive GEM coin signal on MEXC and our team have been working on this. We will share a 100x-200x GEM MEGA PUMP SIGNAL for you guys in next few days🚀
Meanwhile you can transfer a little fund on MEXC exchange so you don't miss this great opportunity because There's a high likelihood of this GEM coin listing on Binance and other major exchanges in the coming months. The project team's track record with Binance-listed coins speaks volumes.
Date & time of MEXC MEGA PUMP SIGNAL : 2pm UTC, December 29
Stay tuned. Happy trading 😊
What Is Flashbots?
Flashbots was launched as an independent research and development organization with an aim to lessen the adverse effects of the Maximal Extractable Value (MEV) extraction. At the same time, the organization works to avoid the existential risk MEV poses to a stateful blockchain such as Ethereum.
Flashbots aims to provide a platform for MEV transactions that is fair, transparent and permissionless. Flashbots comes with three main goals:
—> Making the MEV revenue public
—> Making the MEV activity transparent
—> Making the distribution of MEV revenue fair
MEV Crisis
The Maximal Extractable Value is the maximum value extracted from block production in Ethereum. MEV benefits not only the transactors but also the miners (or validators). With the recent increase in the usage of Ethereum, the MEV system’s mechanism issues have posed threats to network security. The increase in demand for DeFi caused Ethereum to be congested.
As a result, Ethereum introduced an independent centralized R&D organization, FlashBots, which takes the MEV transactions off the main public chain. Flashbots keep transactions private and increase network security. They connect mining pools and searchers directly with each other while keeping information secure, making them perfect for DeFi.
How Flashbots Work?
Searchers look through the whole network for MEV opportunities. As they come across one, they launch the transaction protocol for that opportunity and upload this to the Flashbot server instead of broadcasting it to the whole Ethereum chain.
Then the Flashbots server comes into play. The bot transfers the transaction details to network miners, and a private auction takes place where miners bid on the transaction to build a block on it. Miners are also allowed to include non-MEV transactions from the public network to these blocks.
Drawbacks
Flashbots is working to make the MEV public to execute its core goal of making the blockchain network transparent and permissionless. But the mechanism is not entirely transparent. The process of generating MEV is still a black box for users.
Furthermore, Flashbots is not the only solution to the MEV crisis. Several other networks have also launched their programs for the solution.
Bitcoin prices consolidated between the 200D-SMA 🔵 and the True Market Mean Price 🟢 until August, marking one of the least volatile periods in Bitcoin history. Following this, a rapid deleveraging event caused prices to drop from $29k to $26k in a single day, falling below both long-term technical price averages.
It was the rally in October which really changed the game, recovering through all remaining price models, and breaking through the key psychological $30,000 level.
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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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, Tried to surpass through the build-up resistance area a=but couldn't able to do sp. Well, its still have time for the closing and need a close above the Resistance zone around $43,250. This will again open the room for $47,000 - $48,000 level, also have to prepare for a fakeout too, as #ETF news might drop into the market, which will kick in heavy volatility.
Here's the Analysis of #ID :
#ID is been moving within the range and rejected hard from the major resistance zone of $0.361 - $0.368 and currently testing the support zone of $0.296 - $0.304. Well, a bounce a expected from here, but overall, anticipating price as to go bearish. Buys and Sell only after Daily Candle closure.
#BTC still moving back and forth inside the range and again rejected from the Resistance Zone, with that price nearly got into Major support again. Well, this series might continue until a strong news drop into the market like #ETF Approval, Rejection or Delay. Hodl on with the new alts trade and manage the running one accordingly.
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#BTC goes wild as expected, gave a strong volatile movement, dipping back down towards the Major Support Area of $40,800 - $42,000. Price strongly rejected from Major support, showing buyers confidence, although, price again back inside the range, so continue to do so. More these types of movement ahead, so careful with the movements.
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Here's the Analysis of #WLD :
#WLD is been broke out of the Falling Wedge Pattern and worked pretty well. Right now, price is in consolidating in a range and build-up a support around $3.36 - $3.43. Daily TF looks too messy for price action, so you can wait for a clean breakout either side of the zone.
What Is GameFi?
GameFi, a portmanteau of gaming and decentralized finance (DeFi), is also known as play-to-earn (P2E) games. This innovative concept converges blockchain technology, gaming, and various decentralized financial elements, including non-fungible tokens (NFTs), yield farming, borrowing and lending, and algorithmic stablecoins. The term "GameFi" was coined by Andre Cronje, the DeFi pioneer, in a tweet on September 10th, 2020.
Unlike traditional games where in-game assets hold no value outside the game's realm, GameFi transforms this dynamic through blockchain, cryptocurrencies, and DeFi products. In GameFi, players truly own their in-game items, eliminating the control of developers and mitigating issues such as game hacking.
Blockchain-based games in the GameFi ecosystem typically come with an in-game currency, a marketplace, and a token economy governed by the community. This player-centric model not only eradicates the need for central authorities but also leverages blockchain technology for feeless transactions.
GameFi introduces a new use case for cryptocurrencies by allowing players to earn income while playing. The absence of centralized control enhances its popularity, and the blockchain's feeless transactions facilitate seamless buying, selling, and trading of digital assets.
In the GameFi universe, in-game currencies can be exchanged for other cryptocurrencies and fiat money. Players can invest in in-game NFTs, trade or sell them in open marketplaces, and earn returns. For example, players can buy and sell in-game assets or rent out high-level items to earn additional income.
GameFi has revolutionized ownership of in-game assets, introducing layers to token-based economies and providing opportunities for significant returns through various DeFi products. With a remarkable 121% growth in active players from June to July 2021, reaching 800,000 players, GameFi stands out as one of the fastest-growing sectors in the blockchain ecosystem.
What Is Gas?
Gas on the Ethereum network is the compensation given for utilizing the platform's computational power. This fee is essential for activities such as launching decentralized applications (DApps) and basic transactions like sending ETH. Users pay this fee in Ether (ETH), the native currency of the Ethereum platform.
Gas is measured in small units known as gwei, with one gwei equal to 0.000000001 ETH. The amount of ETH paid in a transaction depends on the resources needed for the transaction and the blockchain's congestion level.
The introduction of transaction processing costs on the blockchain simplifies resource computation for executing transactions. It also distinguishes between computational expenses and the digital currency itself. Charging fees for each transaction acts as a deterrent against spamming and enhances network security.
Users can estimate their gas costs using platforms like ETH Gas Station. However, lower-priced transactions may take longer to process, as miners prioritize transactions with higher fees, which are more lucrative for them.
To illustrate, consider moving funds between traditional bank accounts. In the Ethereum network, the total ETH involved in a transaction is equivalent to the amount being moved, and the gas fee is akin to the transaction fee in traditional banking.
It's crucial to note that gas on the Ethereum network differs from GAS on the NEO blockchain. While on NEO, GAS is a standalone currency, on Ethereum, it represents the cost of running transactions.
Dear members,
6 hours left until the biggest signal we have ever done on MEXC!
- Our target will be 100x-200x gains today. We will be using the MEXC exchange.
- We will be using the USDT pairing to buy, make sure you have USDT in your account to buy the coin.
- Hundreds of hundreds of traders will be buying at once, make sure you buy early before outsiders do.
- If you plan to use your whole balance, you can buy using 75% of your balance initially at market price, use the remaining of your balance to place buy orders!
- When you buy the coin and it's time to sell, never sell on the buy supports! Instead sell slowly in parts as the price goes up.
- After buying, we highly suggest to place buy orders below the market price as the price moves up.
#bitcoin just did a climb up towards the 1st resistance area and broke above it. Well, price is coming from the major support and expected to reach to next major one. Meanwhile, price is retesting the zone as support, which could push the price higher towards the Resistance Area. A ton of liquidity build along both side, let's see which side market will take it 1st.
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#TOTAL MARKETCAP UPDATE :
Marketcap moving into the positive side and even though 4H given a close below of the support area of $1.59T - $1.60T, but Daily giving a close above and multiple wick rejections, showing bullishness. Well, a whole lot of push is anticipated towards the major resistance zone of $1.75T - $1.78T, where alts could fly smoothly.
#BTC.D (#BITCOIN Dominance) Update :
#BTC.D losing it dominance which lead is massive money flow in altcoins. Index reacted from a resistance somewhere in between and back to the Major Support Area of 51.81% - 52.03%. Daily Candle Closing Below, will lead in further move in alts else a rejection would be a matter of concern for a short-term correction.
Here's the Analysis of #SUPER :
#SUPER is been ranging between the a large consolidation, where daily gave a strong rejection from the Resistance zone of $0.71 - $0.72. Price still maintaining the bullish market structure and hoepfully, gonna have a breakout soon. In case, daily candle closes above the resistance area, then you can look for buys over the it.
What Is Maximal Extractable Value (MEV)?
Maximal Extractable Value (MEV), formerly known as miner extractable value, gauges the profit potential for miners, validators, sequencers, etc., by allowing them to arbitrarily manipulate transactions within the blocks they generate. MEV represents the overall profit achievable through ordering, including, or omitting transactions from a block. While it offers additional revenue streams, MEV introduces potential risks to a network's security, fairness, and stability.
The relevance of MEV has surged with the rise of decentralized finance (DeFi) platforms on blockchain ecosystems. These platforms facilitate intricate financial transactions, and as the volume and complexity of transactions increase, there is a higher risk of exploitation by malicious actors.
The concept of MEV dates back to the early days of blockchain, gaining prominence with Ethereum's smart contract capabilities. Ethereum's programmable nature has led to the development of diverse financial products, creating opportunities for extraction by both savvy and unscrupulous actors.
Unlike proof-of-stake chains, proof-of-work chains like Bitcoin are less susceptible to MEV. Bitcoin's lack of smart contracts limits opportunities for transaction reordering. Consequently, parties seeking to exploit MEV opportunities typically focus on ETH rather than BTC due to Ethereum's versatile smart contract functionalities.
How Does MEV Work?
Opportunities can arise when actors with influence over transaction orders can benefit from them. Examples are price differences between DEXs or liquidation events in lending platforms.
The key idea is that transactions compete with each other for confirmation. When a user submits a transaction, it is broadcast to the network and placed in a pool of pending transactions known as the mempool. The transactions with the highest transaction fees tend to get prioritized by profit-seeking miners and validators. Thus, strategically manipulating the ordering of transactions within a block allows them to increase their profits at the expense of others.