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Here's the Analysis of #XRP :
#XRP is been on bouncing between the strong support zone of $0.61 - $0.62 and Strong Resistance Zone of $0.68 - $0.69. Price also formed the channel/ bear flag formation, which will lead the next directional move. Incase of break and close below of the Support then you go for shorts over a retracement.
Here's the Analysis #NEO :
#NEO is been rejected strongly from the major resistance zone of $14.70 - $15.50 and made a consolidation below it. Price build a structural support zone and might gonna push into the strong support area of $11.40 - $11.55. Until then wait for the price to reach either end and Watch Daily TF to build up a support to trade the range.
Here's the Analysis of #ETC :
#ETC is been made a good rally with the alts-season and nearly sell-off from the major resistance zone of $22.29 - $23.29. Well, price kinda still maintaining the bullish market structure and might tap-in once again before moving down. so, wait for the support to from in 4H TF before executing buys here.
What is Daedalus Wallet ?
Daedalus Wallet is a cryptocurrency wallet designed specifically for the Cardano blockchain. Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts. Daedalus Wallet is the official wallet for storing and managing ADA, the native cryptocurrency of the Cardano network.
Key features of the Daedalus Wallet include:
1. Security: Daedalus is designed with a focus on security, implementing advanced cryptographic techniques to protect users' private keys and funds.
2. Full Node: Daedalus operates as a full node, meaning it downloads and validates the entire Cardano blockchain. This enhances security and decentralization but requires significant disk space and processing power.
3. User Interface: The wallet provides a user-friendly interface for users to send, receive, and manage their ADA holdings. It also includes features for delegation and staking.
4. Staking: Cardano uses a proof-of-stake consensus algorithm, and Daedalus allows users to participate in staking by delegating their ADA to stake pools. Staking allows users to earn additional ADA as a reward for supporting the network.
5. Decentralization: Daedalus contributes to the overall decentralization of the Cardano network by providing users with the ability to run their own full node.
It's important to note that the information provided here is based on my knowledge as of January 2022, and there may have been updates or changes to Daedalus Wallet or the Cardano ecosystem since then.
#TOTAL2 (Altcoin MarketCap) Update :
#TOTAL2 gave a strong breakout over the consolidation by which we have seen strong impact over the market. Index flipped above the strong Resistance zone of $608B - $616B. It made a retest of the zone and might continue up also, another thing can be it can turn into a fakeout for a potential reversal in the market.
The Long-Term Holders (LTHs) remain unfazed by the recent market rally, as their total holdings have reached a new all-time high at 14.899 million BTC. This steady increase in holdings indicates that a significant amount of supply has crossed the 155-day holding threshold without being spent.
Around 29.6% of LTH supply is currently held at a loss, which is historically high considering the strong market uptrend seen since the 2022 lows. This situation is reminiscent of the late 2015 and early 2019 periods, as well as the March 2020 bottom.
This suggests that the LTH cohort may be more resolute and less inclined to sell compared to previous market cycles.
Here's the Analysis of #IMX :
#IMX is been very aggressive move to the upside and kinda retracing now. Price is expected to reach out the support nearby $0.80 - $0.81 where we could buy from. Moreover, the next strong resistance zone is at $1.04 - $1.06, were a rejecting could happen, if #BTC sustains above $34,000 level.
Here's the Analysis of #CYBER :
#CYBER flipped above the strong resistance zone of $5.43 - $5.78 and a triangle pattern, which did played out pretty well. Price is been again back near the support where a bounce is expected. Buys will be risky here, but can go with small lots. Price breaking below will give a clean short-sell opportunity/
A Short Note on Corporate Treasury ?
Corporate treasuries assume responsibility for a company's cash reserves, functioning as financial risk managers focused on shielding the company's value from routine business-related risks. They also play a pivotal role in managing a company's cash reserves to guarantee liquidity, risk mitigation, funding, optimal capital allocation, and resource alignment with the company's strategic objectives.
To enhance liquidity management, they employ various tools such as assessing the balance sheet's size and asset and liability liquidity. This approach ensures that sufficient liquidity is available for crucial operations like acquisitions while maximizing returns on cash reserves.
Furthermore, corporate treasurers oversee the implementation of company-wide strategies, providing the C-suite with essential insights regarding potential acquisitions or expansions into new markets. When the need for funds arises, they are responsible for sourcing capital, which may involve asset liquidation, stock issuance, or utilizing existing reserves.
Finally, corporate treasuries are entrusted with the critical role of risk management. These risks encompass interest rate fluctuations, credit exposure, currency exchange rate volatility, commodity price risks, and operational uncertainties. Among these, the most prevalent risk categories include those linked to liquidity, creditworthiness, and currency fluctuations.
Dear members, With the success of our previous big pump signals #FRTN (6500%), #JET (+10600%) on MEXC, which remained in the "Top Gainers" for over 24+ hours. we are ready to announce our next big signal on MEXC.
Date : 4-November-2023 Saturday
Time : 4 PM GMT
Pairing : USDT
Exchange : MEXC
We have decided to start pumping on MEXC for multiple reasons. 1st of all, we believe that with our massive buying power we will be able to reach 5000% easily possibly even more. 2nd of all, MEXC doesn't require KYC meaning you can make an account there without verifying your identity and get past any restrictions other exchanges could have. Finally, there is very little hidden sell pressure in the orderbooks. After the previous signal and hours of discussion with our team, we have decided to schedule our next signal in 7 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
We have 7 days to prepare for this massive pump, this event will be the biggest one that we have done in the history of our group and will top our previous ones in terms of % gain. Instructions will be given out in the upcoming days to make sure all our members are prepared for MEXC. We are expecting hundreds of thousands of people all across the world to attend this pump and possibly more than a million people across all social medias will be watching. Be prepared. We will be giving out more information when we are closer to the signal date, stay tuned!
Historically, Bitcoin tends to lead the digital asset market, with market confidence then flowing towards Ethereum, and then further out on the risk curve from there.
A powerful tool to visualise this capital rotation is using the 30-day change in the Realized Cap for 🟠 BTC and 🔵 ETH, and the total supply of 🟢 Stablecoins (as a proxy for USD quote capital, often deployed for speculation).
What Is Composability in Crypto?
Composability in the world of cryptocurrencies can be understood as the way different digital assets or protocols seamlessly interact with each other, creating a sort of financial synergy. In simpler terms, think of it as building with digital Lego blocks, where different pieces fit together to form something more complex and valuable.
This concept is particularly important because it enables the development of innovative financial products and services within the realm of decentralized finance (DeFi), a space where you can perform various financial activities without relying on traditional banks. DeFi protocols act like Lego bricks, allowing users to combine them to create intricate financial tools. For example, you can lend a stablecoin like DAI on one platform to earn interest, then take that DAI to another platform to trade it for another cryptocurrency or use it in another financial service.
The benefits of composability are numerous. It enhances transaction efficiency by allowing multiple actions to occur simultaneously, reducing fees, increasing liquidity, and encouraging innovation. It's like streamlining your chores by completing them all in one place, offering convenience and cost savings.
However, there are risks associated with composability. Smart contract vulnerabilities can jeopardize the entire system if one protocol has flaws. Interoperability issues can hinder the seamless interaction of various protocols, much like trying to mix different types of playdough with your Lego blocks. There's also a risk of sudden liquidity shocks if significant players withdraw funds from the system.
Composability is driving the future of the crypto industry by enabling the creation of new financial products and services, challenging traditional finance, and supporting the industry's growth through enhanced efficiency, flexibility, and innovation. It's akin to rocket fuel propelling the crypto industry forward.
Notice of Removal of Spot Trading Pairs - 2023-10-27
https://www.binance.com/en/support/announcement/04cbc1c3c77449f9b77d48a353cead34
The activity within the on-chain #Bitcoin supply continues to display remarkable inactivity. Both the amount of value moved and the arrival of new capital appear to be at historically low levels. To gain insight into investor engagement, we can examine the movement of Bitcoin to and from exchanges.
Over the last 30 days and year, the average total trading volume on exchanges (combining inflows and outflows) has stabilized at approximately $1.5 Billion. This marks a significant drop of 75.5% compared to the all-time high of $6 Billion recorded in May 2021.
"This observation is further substantiated by an analysis of the Average #BTC Volume Transferred per Active Entity, which has decreased to approximately $12.2k (equivalent to around 0.44 #BTC). This metric has reverted to levels previously witnessed in late 2017, marking the end of the bull run, and once more in late 2020, before the initiation of the last cycle's bull run."
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the HODLer Net Position Change (Vaulted Supply) metric has displayed a consistent uptrend in #BTC inflows since June 2021, with a notable surge following the June 2022 sell-off. This metric underscores the growing maturity of the #Bitcoin supply, indicating increased accumulation by investors. The sustained trend reflects a collective inclination to hold onto #BTC, signaling confidence in its long-term value appreciation.
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What Is Decentralized API (dAPI)?
A Decentralized API (dAPI) is an application programming interface (API) that operates on decentralized or blockchain networks. Traditional APIs are typically centralized, with a single entity or organization providing access to their services or data. In contrast, dAPIs are designed to operate in a decentralized and trustless environment, where no single entity has control over the data or services provided.
Key characteristics of decentralized APIs (dAPIs) include:
1. Decentralization: dAPIs are built on decentralized networks, such as blockchain platforms. These networks are often maintained by a distributed network of nodes, rather than a central authority. This ensures that the API's functionality and data are not controlled by a single entity.
2. Trustlessness: dAPIs are designed to be trustless, meaning users can interact with them without needing to trust any single party. The trust is instead placed in the underlying blockchain technology and the consensus mechanisms that secure the network.
3. Security: Decentralized APIs benefit from the security features of blockchain technology, such as cryptographic encryption and immutability. Data stored on the blockchain is highly secure and resistant to tampering.
4. Smart Contracts: Many dAPIs are powered by smart contracts, which are self-executing agreements with the terms of the contract directly written into code. Smart contracts enable automated and secure interactions on the blockchain.
5. Tokenization: Some dAPIs use blockchain tokens or cryptocurrencies as a means of payment for accessing services or data. These tokens are often required to pay for transactions and services on the network.
6. Open and Permissionless: dAPIs are typically open for anyone to use without the need for permission. They provide a level of openness and inclusivity that traditional APIs may lack.
Examples of dAPIs include decentralized finance (DeFi) platforms that provide financial services, decentralized identity systems, and various blockchain-based services like oracles that provide external data to smart contracts. These dAPIs enable developers to create and integrate decentralized applications (dApps) and services that leverage the capabilities of blockchain technology.
While dAPIs offer many advantages in terms of decentralization, security, and trustlessness, they also come with challenges, including scalability, interoperability between different blockchain networks, and the need to ensure data privacy and compliance with regulations. As the blockchain and decentralized technology space continues to evolve, dAPIs are expected to play a significant role in the development of decentralized applications and services.
All About Day Trading
Day trading is a popular trading strategy in the markets where traders aim to profit from short-term price movements within a single trading day. It involves buying and selling financial instruments, such as stocks, currencies, commodities, or cryptocurrencies, within the same trading day, with the goal of capitalizing on price volatility.
Here are some key aspects of day trading:
1. Short-Term Trading: Day traders open and close positions within the same trading day, and they rarely hold positions overnight. This approach is in contrast to swing trading or long-term investing.
2. Capital Requirements: Day traders typically need sufficient capital to trade comfortably, as they aim to take advantage of small price movements. This means having enough funds to cover potential losses and meet margin requirements.
3. Technical Analysis: Day traders often rely on technical analysis to make trading decisions. They use charts, indicators, and patterns to identify potential entry and exit points.
4. Volatility: Day traders seek out assets that exhibit significant price volatility, as these fluctuations provide opportunities for quick profits. Highly liquid assets are also preferred to ensure smooth order execution.
5. Risk Management: Effective risk management is crucial for day traders. This includes setting stop-loss orders to limit potential losses and using proper position sizing.
6. Trading Strategies: Day traders employ various trading strategies, such as scalping, momentum trading, breakout trading, and mean-reversion trading. Each strategy has its own set of rules and objectives.
7. Market Monitoring: Day traders need to closely monitor the markets during trading hours. They often use real-time news, level II quotes, and trading platforms to make informed decisions.
8. Psychological Discipline: Day trading can be emotionally taxing, as traders face the pressure of making quick decisions and managing the stress of financial risk. Maintaining discipline and emotional control is vital.
9. Regulations: Day trading is subject to regulatory rules, including pattern day trading rules in the United States that require traders to maintain a minimum account balance if they make more than a certain number of day trades in a rolling five-day period.
10. Tax Considerations: Tax implications can be significant for day traders, as short-term capital gains are typically taxed at a higher rate than long-term gains. Traders should be aware of tax laws in their jurisdiction.
11. Education and Practice: Novice day traders are encouraged to undergo education and practice on demo accounts before risking real capital. This helps build skills and gain experience without financial risk.
12. Record-Keeping: Maintaining detailed records of trades is important for assessing performance and tax reporting.
It's important to note that day trading is not suitable for everyone. It requires a solid understanding of the markets, a disciplined approach, access to real-time data, and sufficient capital. Many day traders experience both wins and losses, and it can be financially risky.
Additionally, it's recommended to research and understand the risks and potential rewards before engaging in day trading, and some traders may consider seeking advice or mentorship to improve their trading skills.
Prior cycles have seen ETH drawdown to depths of over -50% on a relative basis during the bear market recovery phase, with the current drawdown reaching -38%. Of particular interest is the duration of this trend, where ETH has depreciated against BTC for over 470-days thus far. This highlights an underlying trend between cycles, where BTC dominance increases over a longer duration in the hangover period after a bear market.
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What is Crypto Winter ?
"Crypto Winter" is a term used to describe a prolonged period of significant decline in the prices of cryptocurrencies, often accompanied by a decrease in trading volumes and overall market activity. It is analogous to the concept of a "bear market" in traditional financial markets. During a Crypto Winter, the prices of many cryptocurrencies experience a substantial drop, leading to a pessimistic sentiment among investors and traders.
Crypto Winters are typically characterized by several factors:
1. Price Decline: The most prominent feature of a Crypto Winter is a sustained and substantial decline in the prices of various cryptocurrencies. This decline can range from several months to over a year.
2. Reduced Market Activity: Trading volumes and liquidity in the crypto markets tend to decrease during a Crypto Winter. Investors become more cautious and may refrain from making new investments.
3. Negative Sentiment: Negative news and events in the crypto space, such as regulatory crackdowns, security breaches, or market manipulations, can contribute to a sense of uncertainty and pessimism among market participants.
4. Impact on Projects: Many cryptocurrency projects, especially those without robust fundamentals or strong use cases, may struggle to secure funding or maintain their operations during a Crypto Winter. Some projects may even face bankruptcy or suspension.
5. Investor Apathy: During a Crypto Winter, some retail investors and traders may lose interest in the market due to the prolonged downtrend. This can result in reduced participation and slower adoption of cryptocurrencies.
6. Industry Consolidation: The challenging market conditions of a Crypto Winter can lead to consolidation in the cryptocurrency industry, with weaker projects failing and stronger ones continuing to develop and innovate.
It's important to note that Crypto Winters are part of the natural market cycle of cryptocurrencies, and they have occurred multiple times since the inception of Bitcoin and other digital assets. While Crypto Winters can be difficult for market participants, they can also provide opportunities for long-term investors to accumulate assets at lower prices before the market enters a new bull cycle.
#TOTAL MARKETCAP :
#TOTAL MARKETCAP flipped over major levels and kinda moving very correctively. Well, Overall market looks exhausted but looks like there a little more room to go for resistance around $1.34T - $1.36T. Also, on Daily and Weekly, We've clean traffic to the left.
#BITCOIN WEEKLY UPDATE :
#BITCOIN in Weekly TF, gave an another small to the upside, after that strong impulsive move. Well, looking into Daily TF, Market Structure still intact bullish at this point. This also indicates exhaustion in the market, so with the Monday Market Open, we can expect the new direction in price either in the form of correction or next upmove.
Hello everyone, 3 days left until our next free for all pump on MEXC. We can guarantee that this upcoming pump will have amazing results and You should be expecting massive profits on this one. We have a big team of whales on our side, which is by far the strongest in the market, we’re ready to see our biggest volume in history, we don’t expect this pump to make all our members less than 5000% in profits. That’s exactly why we decided to pump on MEXC, and why this pump will be the biggest we’ve ever seen. As we get closer to the pump, more details will follow , stay tuned! Read pinned post 😊
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Here's the Analysis of #ZIL :
#ZIL is been flipped above the resistance area, which turned it into support around $0.0180 - $0.0181. Price is rising a bit and moving slowly up and reach out the resistance zone already. Next Resistance is at $0.02 where price can reach. If price creates Resistance then you can look for setup with it.
Net position change metrics, we convert this 30-day change to a relative percentage of the Realized Cap (BTC and ETH) or total supply (Stablecoins).
Next, we construct a simple model to identify whether the market is within a risk-on, or a risk-off environment, respectively:
🟢 Risk-on is defined when all three of these major assets are exhibiting net capital inflows.
🔴 Risk-off is defined if any of the three major assets starts to exhibit net capital outflows.
What Is a Consumer Price Index (CPI)?
Primarily speaking, a Consumer Price Index (or CPI) is a type of index where the prices of a basket of goods and services are tracked to gain insights into market segments. CPI is designed to track the prices of consumer goods and services that the average consumer is expected to spend on and should be able to afford. It is a benchmark for measuring economic developments, specifically the impact of inflation or deflation. This is essential as governments can gather insights on their monetary policy decisions and thereafter tweak how much should be given to those with subsidized incomes.
But beyond measuring the effectiveness of the central government’s economic policy, the CPI also gives businesses and citizens information about the price changes in the economy, which then helps them make informed decisions. The CPI statistics cover a wide range of individuals, including professionals, self-employed, the unemployed, and more. Some of the major groups of the CPI include housing, apparel, education, and communication. While the CPI is mostly effective, it often fails to capture regional variations in prices, and it also assumes that all buying patterns are homogenous.
The average Profit or Loss realized per coin has also reached cycle lows, reinforcing the observation that the majority of coins being traded were last transacted at a similar price to today. We also note that profits are equal to losses, suggesting a state of equilibrium has been reached (an indicator for heightened volatility ahead).
With the majority of coins transacting in close proximity to their original cost basis, this describes a market where active investors are either price insensitive HODLers, or traders jostling for a marginally better position.
The Moving Average Convergence Divergence (#MACD) is a trend-following momentum indicator that helps traders and analysts identify potential buy and sell signals in an asset's price chart.
1. MACD Line (Blue Line): This is the difference between the 26-period Exponential Moving Average (EMA) and the 12-period EMA. The MACD line is more responsive to short-term price changes.
2. Signal Line (Orange Line): This is a 9-period EMA of the MACD line. It's used to generate trading signals.
3. Histogram: The histogram is the vertical bars that represent the difference between the MACD line and the signal line. It provides a visual representation of the MACD's divergence from the signal line.
What Is Collateral Cap?
A collateral cap functions as a security safeguard intended to disperse the overall lending risk across various assets within a protocol. It dictates the highest permissible collateral amount for a specific market, quantified in units of the relevant token. Essentially, it offers a means to gauge and restrict the borrowing capability associated with each asset.
For instance, if a market has a collateral cap of 1 million tokens, it implies that only 1 million of that specific token can be utilized as collateral for borrowing purposes. This strategic mechanism serves to mitigate systemic vulnerabilities posed by single assets, particularly those with limited on-chain liquidity.
To elaborate, if a protocol were to take possession of an asset during the liquidation of provided collateral, the challenge arises when there is insufficient on-chain liquidity to convert or swap this asset into other assets. In essence, the collateral cap is an individualized setting for each token market, aimed at controlling and curtailing potential risks within the protocol.
Unanticipated and irregular price declines can stem from various factors, including scenarios like infinite token minting, protocol vulnerabilities, or exploitations of different kinds. In this context, collateral caps represent a vital restriction that governs the highest feasible losses the protocol might encounter in the event of a market collapse or an extreme price plunge in the associated token markets. This measure proves to be highly effective in risk management and necessitates vigilant monitoring, particularly in volatile market conditions. Inadequate management could reverberate throughout lending and borrowing protocols and the interconnected ecosystems, instigating a domino effect of consequences.
Here's the Analysis of #RLC :
#RLC is been in a consolidation phrase and kinda moving inside the downtrend channel too. Price just pushing multiple times over the support zone of $0.929 and next support is at $0.671 - $0.703. Also, Currently, price reached at $1.09 - $1.14, where its rejecting, so wait for the price to break out of the consolidation.