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SNX volatility optimism updates Chaikin Money Flow and high APYYes, I wish I had bought more on the recent sub-$4 dip. I am still holding long term but volatility is still the price we pay for being early in an enormous opportunity. I remain optimistic. Why? 1. I still see the desire to put money into Synthetix every time the market calms down as witnessed by the recent uptrend in the CMF (Chaikin Money Flow) green line. That will return when volatility subsides. 2. SNX is still smoking through the upgrades. This month isn’t even to the half-way mark and the Synthetix Blog (blog dot synthetix dot io) indicates SNX is on its fourth update for the month of February. Here are the latest take-aways. 8 February 2022, “Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on mainnet Ethereum. With this tool, each staker can hedge their exposure to the debt pool…While this solution has been initially launched to layer one, we're working hard alongside the dHEDGE team and protocols on OE to make this a reality for OE stakers as well.” (OE = Optimistic Ethereum) 9 February 2022, “SIP 185…The Alphard release…This change enables many highly anticipated features, such as debt pool synthesis, putting an end to snapshotting staking rewards, and overall simplification of the debt tracking system.” So, as we get closer to mainnet launch, I continue to earn almost 7.5 tokens every Monday without the risk or worry of staking at 14.05% on the Celsius Network (regulated and licensed by SEC & US Treasury). I have a Celsius referral code that will earn you and I both $50 in BTC if you want it (just ask me).
BINANCE:SNXUSDLong
by tg-l
Giant pennant! Ready for next leg up?INT Chain market cap: 12M :) "An Ecosystem of the Internet of Things INT is the world's first bottom up new-generation blockchain of things (BoT) communication standard and base application platform" The IPBFT consensus protocol adopted by INT is a brand-new consensus protocol improved based on PBFT (Practical Byzantine Algorithm). Lots of good things happening lately with INT Chain. New main-net 4.0 is LIVE and stable!! 11 new community validator Nodes. Staking on main-net 4.0 gives 90% returns. Target this year $1,- Long term targets $1-5,- Hope you like my update and thanks in advanced! Kind regards Cryptodjens
ILong
by Djensboy
1
FLUX Fell Off a Cliff. Now What?! Potential 30% spike.BINANCE:FLUXUSDT is another hype crypto that is probably another scam. Regardless, the chart shows a technical setup that can return 28% once confirmed by breaking above the ascending triangle reaching a target of $2.168. At the same time, we see a unique RSI pattern. There are three lows in price aligning with three lows in RSI which I have marked with vertical lines. The first two lows show RSI divergence which is a sign of reversal. The third low in price shows a higher low in RSI which is confirmation of the reversal trend. On top of that, we see an ascending triangle forming. The triangle is not confirmed because it needs 3 touches on each side. Currently, each side has two touches only. Conclusion: We wait for the triangle to be confirmed. Then there is an obvious trade set-up.
Long
by TechNerdOmar
1
SNX update: Adding partners and featuresEven as the Synthetix token (SNX) attempts to break above its 20-day MA stacking what could be a fifth green-candle day in a row, the project has been busy this year already. Here are the highlights from this month's Synthetix Blog and the announcement dates: 12 January 2022- (after partnering with the Graph to make major subgraph improvements) Synthetix partners with Gauntlet team "to provide automated financial risk management simulations for the Synthetix protocol. The unique mechanics of the Synthetix protocol require deep analysis to optimize, and Gauntlet has the resources, systems, and experience to ensure that Synthetix has both proper risk management and optimized capital efficiency." 19 January 2022- SIP 200 The Peacock release fixed a "FeePool Rewards Distribution" glitch. 22 January 2022- "Integrated the Synthetix loans feature directly into the Staking dapp on Layer Two (Optimistic Ethereum). Loans have been live on mainnet for almost a year now, and we’re excited to allow more of our users access to sUSD loans." 24 January 2022- "Announced a new round of incentives for WETH/SNX on Optimistic Ethereum. Synthetix will partner with Gelato to leverage G-UNI pools that enable rewards for liquidity providers." Note that the blog announcements included "How-to's" as appropriate... like for loans or staking. These were only excerpts to help keep you abreast of the project's rapid advancement. For a deeper understanding, I suggest you read directly from the project's blog. This is still a long position for me as I continue to hodl hassle-free on the Celsius Network earning 14.05% APY or almost 7.5 tokens every Monday. Yes, I realize higher rates can be achieved for those who wish to do their own staking, but I'm lazy and 14.05% is huge for living in Texas and my not having to stake, delegate, or validate ever! If you want to know exactly how I am doing it and earn $50 in BTC using a referral code, message me. TradingView does not want me advertising that information here.
COINBASE:SNXUSDLong
by tg-l
BNB Binance Coin to Lose its 3X Hype Gains. 58% Drop Expected.BINANCE:BNBBTC has gained a lot of attention and hype in March 2021 that contributed to its 3x rise in two months from 4k Satoshi in March to 12k Satoshi in May. The hype was based on Binance entering the DeFi space and announcing its staking returns. At the time, The Binance exchange announced up to 27.49% APY return for staking the BNB token. Currently, the highest APY for BNB according to Binance is 8.69%. Users' interest in gaining annual yield reveals itself to be a delusion to many when they see the gain on capital in the negative 30% territory. Less and less BNB coins are being staked ever the initial announcement in March 2021. There is no more reason to hold BNB. On the other hand, DeFi has also been losing traction as indicated by the price of many DeFi tokens such as AAVE losing 74% of its value vs BTC (even more vs USD). Therefore, it is time for BNB to give back those hype-propelled gains and go back to 4k Satoshi. The first step is breaking the 10k Satoshi support. We are currently sitting at that line. I have drawn a descending triangle there, but it is not confirmed because it needs a third touch on its upper side. My conservative scenario is that we remain within the triangle for 6 more weeks. My bearish scenario is that, if we don't break the 10k Satoshi support right now, we see a weak bounce up to 10.5k Satoshi before dropping to break 10k Satoshi. The first target is 7.7k Satoshi. Follow me to get updates on this trade as it unfolds. I am making this bearish prediction on BNB even though I am biased towards BNB because of its impressive performance in the previous Bitcoin bear market in 2018 to 2020. But I would be happy to get a buying opportunity at 4k Satoshi, and I believe we will reach there.
Short
by TechNerdOmar
ROSE (Oasis Network) Coin Analysis 29/05/2021Fundamentals: Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first-ever responsible data economy. Separates consensus and execution into two layers — the Consensus Layer and The ParaTime Layer — for better scalability and increased versatility. Separation of consensus and execution allows multiple ParaTimes to process transactions in parallel, meaning complex workloads processed on one ParaTime won’t slow down faster, simpler transactions on another. The ParaTime Layer is decentralized, allowing anyone to develop and build their own ParaTime. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential compute, open or closed committees, and more. The network’s sophisticated discrepancy detection makes Oasis more efficient than sharding and parachains — requiring a smaller replication factor for the same level of security. The network has broad support for confidential computing technology. The Oasis Eth/WASI Runtime is an open source example of a confidential ParaTime that uses secure enclaves to keep data private while being processed. Privacy-Enabled Blockchain: The Oasis Network claims to the world’s first scalable, privacy-enabled blockchain. ParaTimes on the Oasis Network can leverage confidential computing technology such as secure enclaves to keep data confidential — unlocking new use cases and applications for blockchain. Scalable, Private DeFi: The Oasis Network’s privacy-first design can expand DeFi beyond traders and early adopters — unlocking a new mainstream market. Plus its innovative scalability design brings fast speeds and high-throughput to DeFi transactions. Enables Data Tokenization: The Oasis Network can Tokenize Data, unlocking game-changing use cases for blockchain, and an ecosystem of apps and projects on the network — powering the next generation of privacy-first applications. Rapidly Growing Community: The Oasis Network has a thriving community of close to a thousand node operators, developers, enterprise partners, ambassadors, and nearly ten thousand community members engaged in global social channels. Top-Tier Team: The Oasis Team is made up of talent from around the world with backgrounds from Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, Harvard, and more — all committed to growing and expanding the impact of the Oasis Network. Supply: The ROSE native token is a capped supply token. The circulating supply at launch will be approximately 1.5 billion tokens, and the total cap is fixed at 10 billion tokens. Token utility: The ROSE token will be used for transaction fees, staking, and delegation at the Consensus Layer. Staking rewards: ~2.3 billion tokens will be automatically paid out as staking rewards to stakers and delegators for securing the network over time. The live Oasis Network price today is $0.071249 USD with a 24-hour trading volume of $10,335,217 USD. Oasis Network is down 12.29% in the last 24 hours. The current CoinMarketCap ranking is #297, with a live market cap of $106,873,116 USD. It has a circulating supply of 1,500,000,000 ROSE coins and a max. supply of 10,000,000,000 ROSE coins. Technical Analysis1: the coin has completed a Bullish cycle and now is reaccumulating at the lower levels. we have defined few Targets for its next Impulsive cycle when the coin has done its reaccumulation with Fibonacci Expansion.
BINANCE:ROSEUSDLong
by BitonGroup
6
AAVE (Aave) Token Analysis 30/04/2021Fundamental Analysis: Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!) AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol. Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol. The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction. Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future. Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake. Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed. Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending. According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community. Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees. An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project. AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort. In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.) The live Aave price today is $436.70 USD with a 24-hour trading volume of $589,636,972 USD. Aave is down 3.64% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $5,453,541,942 USD. It has a circulating supply of 12,488,046 AAVE coins and a max. supply of 16,000,000 AAVE coins. Technical Analysis: The Token has Done its Initialization and Accumulation and currently Range bounding after some Distribution. There are total of 3 Targets Defined by Fibonacci Projection of the Initial Impulsive cycle. 3 TP gets confirmed as the Price Triggers the 2 TP which is the 161.8% (Extension) Level of the Fibonacci Projection followed by some Retracement and Price Correction.
Long
by BitonGroup
16
DNT (district0x) Token Analysis 30/04/2021Fundamentals: Billed as a "network of decentralized markets and communities," district0x is a platform that allows users to easily launch their own decentralized platforms which are governed by a decentralized autonomous organization (DAO) structure. Each of these platforms is termed a “district” and can be launched free of charge on the district0x. The ecosystem is powered by the custom d0xINFRA framework, which provides a set of basic smart contracts and libraries users can use when building out their districts — enabling a wide array of potential use-cases. The native token of the district0x ecosystem is DNT — an ERC-20 utility token that is mostly used for community governance. The platform uses a combination of three main technologies: Ethereum, Aragon and the InterPlanetary File Transfer Protocol (IPFS). The Ethereum blockchain is used for hosting districts, whereas Aragon is used as the governance layer for the district0x network, allowing DNT stakers to benefit from governance rights and help shape the development and operation of their chosen districts. Lastly, IPFS is used for serving the district0x website source code and for user uploads within districts. District0x is built to tackle some of the inefficiencies that come with creating and operating distributed community marketplaces. It does this by providing a wide range of smart contracts and front-end libraries that developers can use to easily launch their own districts, while providing a simple platform for community governance. Unlike some other platforms which charge a fee for launching new applications, developers can create a district for free — though a refundable deposit will need to be paid to be added to the District Registry. This easy access platform has already given rise to a range of successful districts, each of which have varying forms and functions. Some of the most popular districts include decentralized job market Ethlance, peer-to-peer ENS names marketplace Name Bazaar and Meme Factory — a district that provides a simple interface for the creation of rare digital assets. DNT is an ERC-20 token. As such, it is secured by the underlying Ethereum blockchain. As of January 2021, this uses a proof-of-work (PoW) consensus mechanism to ensure the network is secured against attacks. As Ethereum transitions to Ethereum 2.0, it will eventually be secured using a proof-of-stake (PoS) network instead — offering similar levels of protection against attacks at a lower energy cost. District0x was founded in February 2017 by Joe Urgo and Matus Lestan. Joe Urgo is a former professional poker player turned derivatives trader with an extensive history working as an advisor in the cryptocurrency space. He is also the founder and CEO of Sourcerers — a consulting firm specializing in tokenization and crowdsale services. Matus Lestan is a programmer and developer with close to a decade worth of experience working with web and mobile applications. He currently holds the position of lead developer at district0x. Besides the co-founders, much of the district0x team is not public facing. However, the district0x wages transparency page indicates that there were at least five additional contractors working for the firm in early 2021. As of January 2021, at least 600 million DNT tokens were in circulation, representing 60% of the fixed maximum supply of 1 billion DNT. All 600 million DNT were distributed to participants of the 2017 initial coin offering (ICO), in which district0x raised a total of $9 million. Beyond this, 180 million DNT are held in reserve for possible future fundraisers, 22 million DNT are reserved for advisors and community rewards, and the remaining 198 million DNT is held by the district0x founders—and subject to a two-year vesting schedule. Of this, the 180 million DNT reserved for fundraisers remains to be released. The district0x team have indicated this may be burned at a later date. An undisclosed sum of team and other reserved tokens may also be out of circulation. The live district0x price today is $0.282954 USD with a 24-hour trading volume of $15,915,288 USD. district0x is down 4.14% in the last 24 hours. The current CoinMarketCap ranking is #291, with a live market cap of $169,772,380 USD. It has a circulating supply of 600,000,000 DNT coins and the max. supply is not available. Technical Analysis: The Token has done its Initialization and Accumulation Phase, and had its 2 Bullish cycles, where it has Triggered the 161.8 Extension level of the its First cycles Fibonacci Projection, which means the 2TP, which is the 261.8% level of the same Fibonacci Projection Confirmed. There exist a Hidden Bullish Divergence of Price and MACD which is the Sign of Bullish Trend Continuation... There are total of 3 Targets defined By Initial Bullish cycle's Fibonacci Projection. There are Total of 3 Support areas defined by Fibonacci Retracements.
DLong
by BitonGroup
6
Update on UltimoGG (ULTGG)Since my initial purchase of 20 billion ULTGG/USDT on BitMart on 20 November 2021 for about 125 USD, I recently found I have received an additional 114,524,208.6 tokens on 8 December 2021 as an "Event Reward" while they sit in my BitMart Wallet (Yes, I do know that BitMart was recently hacked and no, I didn't lose anything). I didn't mention any of the ULTGG Tokenomics in my previous review of ULTGG. As UltimoGG explains on their website (ULTGG dot io), their 10% tax is distributed in the following manner: 1% Liquidity, 3% Redistributed to holders, 3% to Marketing, and 3% to Development. Apparently, I received my 3% even though my coins/tokens are in a BitMart wallet and not on pancakeswap where their "tokenomics" model is framed in their website description. Needless to say, I was VERY pleasantly surprised. Admittedly, this is still very early in their project/platform development. So, it is important to understand they could be a smashing success, or there is a possibility they could collapse and disappear a year from now (just as 99 percent of all crypto). We are dealing with a very volatile asset class which is why it can be super rewarding... or become a complete overnight flop. My huge investment was a mere 125 US dollars. It is all I will ever put in this project. If it succeeds, my tiny seed will be more than enough. Incidentally, this is one of several small purchases I made on 20 November. On 16 December, I also received 2,244,935,688 Rewardeum (REUM/USDT) as a "staking reward" on the 20 billion Rewardium Tokens/Coins I bought on 20 November for less than 50 bucks (USD) and simply hold in my BitMart account. If both of these fail, I will not miss a meal. That is the beauty of making small asymmetric bets on assets that show this kind of promise. ;) If you like this review, please check out my other reviews in this up-and-coming gaming, NFT, defi crypto space. Whether you agree or not, let me know what you think. I have interest in several other small tokens (Peculium & SportsCashOne ) that are not yet available to chart on TradeView, but can be found elsewhere (BitMart). Just be sure to do your own research. Good luck!
ULong
by tg-l
Stress free trading. BTC, SOL, Crypto.com, Stock Market AnalysisSometimes we way over complicate our trading. Back in 2020 you may remember my breakout chart from 10k and since then I have really loosened up my trading. Bitcoin is succeeding and will continue to succeed. All I am trying to do now is limit my downside and gain more bitcoin . Same with Solana. If you look at my breakout chart for Solana. I bought at $150 but took profits around $260 to be safe. There should be no anxiety about taking some profit, worse case scenario you miss out on some more upside. I got back in a little early, around $220 and held this past week through the dip. But, I still added to my Solana position. I think we can see the push to $300 now if bitcoin also breaks $60k. Not overthinking this. If Bitcoin breaks trend into my red zone, then I will sell my BTC and Solana and convert to USDC Staking. If Bitcoin breaks 60k, I will hold everything and also look at Solana to head up to $300. In my opinion, we will see 50k again so I'm not worried about taking profits here. With the massive growth in Solana it is also like we could see sub $200 again, so there should be no stress in taking profit at any price point here, however a successful next checkpoint would be $300. Along with this, I am also getting into Crypto.com. Mostly because of the naming of the lakers stadium and benefits they provide. The card is pretty cool, 3% cash back, pays for spotify and netflix which saves me money every month and pays for the staking itself. I am considering DCA twice a month into Polkadot and staking at 12% rate. The stock market for now has lost my attention. Many companies are inflated, and many companies are way undervalued, but get shorted to hell. I will just stick to bitcoin , solana, and staking for now. At the end of the day, 10% USDC staking is better than market average. Best, BK , aka . iampatrick
BITSTAMP:BTCUSD
by bishopknight
1