crypto trading

Typically, various time frames perform better or worse for a trader at different times due to cycle overlaps. Having multiple trades on simultaneously from different time frames is typically an excellent hedge. This way, one can catch the specific trading instruments’ various shorter and longer-term trends. BTC in US-Dollar, Quarterly Chart, patience pays: Bitcoin in US-Dollar, quarterly chart as of December 21st, 2021. Typical mistakes are either an early entry or a chased trade and getting out too early of a steady trend. These behaviors have to do with pleasure-seeking and pain avoidance motivation. With the chart above in mind, most pass if presented with an opportunity where rewards are paid out in ten years. Wealth preservation, which we are after, should have nothing else in mind—long-term protection with a low-risk profile and a solid performance. The chart presented above is our most conservative view of the future for bitcoin, both in price and time. Meaning, it would come as no surprise to us if much higher price levels are achieved in a much shorter period of time. Yet, we tend to estimate typically very conservative to keep emotions like greed in check. BTC in US-Dollar, Weekly Chart, Bitcoin’s bullish time cycle alignment: Bitcoin in US-Dollar, weekly chart as of December 21st, 2021. The percentage gain numbers of the previous chart assume the worst possible purchase price, which is an all-time high. If we purchase bitcoin right now or prices below recent trading prices, these numbers already drastically change. Meaning, while our pain-avoiding emotional motivators direct us in declining markets to sell, it is principle-based if you have statistically high probability models over the long term to instead think about purchasing bitcoin. As indicated in the weekly chart above, we see a window of opportunity for entries based on our quarterly chart exit time horizon. Scenario A, the more aggressive position-taking, is in a process already at the release of this chart book. Nevertheless, there is a probability that prices could decline as far as US$40,000, and low-risk entry spots within the price decline to such lower levels would be as a scenario B welcome just as well. Should prices penetrate below the US$40,000 level, a regrouping would be required before new entries could be discussed. BTC in US-Dollar, Daily Chart, Position building in motion: Bitcoin in US-Dollar, daily chart as of December 21st, 2021. Assuming entries here in our entry zone between US$47,000 and US$40,000 and exits in our first chart of this chart book, a bitcoin investment next to be an insurance play against troubled fiat currencies could provide a profit near a thousand percent. The daily chart above has marked days and entry prices of three trades we posted live in our free Telegram channel in the last five days. We took partial profits based on our quad exit strategy within hours of entry. Consequently, eliminating the original stop risk of less than a percent to zero risk. With a risk-reward ratio of 1:1000, we find it reasonable to sit through a few years with the remainder position size for sizeable rewards. Bitcoin’s bullish time cycle alignment: Some of the worst mistakes in history were made based on the shortsightedness not to think long term. As creative and inventive a species, we cannot help but follow emotions that often do not have our own best interest in mind. One such emotion is instant gratification. It seems almost a burden to wait for being rewarded patiently. Yet, it is this discipline one needs to be a successful trader. First, you need the patience to not always be too early with one’s entry in a trade not to catch a falling knife. Then you require the patience not to chase a trade if you missed it.  Instead, wait for a later chance to get another low-risk entry spot or to pass up on the trade altogether. And foremost, once finding yourself in a good trade, it is imperative to sit on your hands and let the trade mature to full profits. The higher the time frame of your play is, the harder this test of your patience becomes.Remedies are good planning, consistent reviewing of a plan, rigorously following it, and employing an exit strategy suitable to your psychology (see our quad exit strategy). Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|December 21st, 2021|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.

The cryptocurrency market has gained another 1.8% over the past 24 hours, bringing its total capitalisation to $2.28 trillion. The index has been choking on growth for the past three weeks at the $2.3 mark, so further rise promises to strengthen the bullish case, at least in the short term. The cryptocurrency fear and greed index has jumped to 45. This is a fear territory, but very close to neutral territory. Judging by the continued demand for risky assets in traditional markets and the positive performance of cryptocurrencies as of this morning, this index could well continue to rise at the end of the day. Bitcoin is trading near $49,000, returning to the highs of the last week and a half, adding 1.3% in 24 hours and 2.3% over seven days. Technically, the first cryptocurrency managed to close noticeably above its simple 200-day moving average, which could spur demand from those buyers who were waiting for the battle for that important level to unfold. The price of Ether is above $4K, which is also a positive signal for the entire crypto market. The situation looks like Ether staying above $4K and Bitcoin staying above the 200-day average is fuelling buying among smaller altcoins. Keeping key currencies above psychological marks fuels hopes that the market has not switched to bearish mode. On the other hand, we remain wary of the crypto market outlook, noting that Bitcoin and Ether look like clinging to meaningful levels. The bearish scenario can only be cancelled if growth develops from current levels.

Ethereum price is still under pressure from the red descending trend line. ETH price is set to break $3,018, bringing the price below $3,000. Expect a further continuation to go hand-in-hand with current financial market sentiment. Ethereum (ETH) price is cracking under the strain and targeting $3,000, with the last line of defense at $3,018 under tremendous pressure from bears. The overall downtrend, dictated by the red descending trend line, and current global market headwinds are only contributing further to downside momentum. Expect a break towards $2,695 before analysts start to speak about a break below $2,000. Ethereum price needs to defend $2,695 to avert a 45% decline Ethereum price is flashing red warning lights all over the place as bears prepare to bomb the $3,000 barrier and price action starts to drill down on the last line of defense at $3,018. Although the area is a historical level and the monthly S1 support level falls in line with this area, it is set to probably break anyway as the mix of the established downtrend and global market headwinds is likely to be too much to bear. The Relative Strength Index (RSI) is close to being oversold; it could still firmly push beyond this level as it already traded around the area back on January 08. The next level of interest for bulls, which they are likely to defend tooth-and-claw, is $2,695, which provided support around September 21 and acted as entry-level for a 75% rally. With the RSI firmly in the oversold area, this should see some pickup in demand on the buy-side. If demand is not there and bulls are reluctant to engage with large demand sizes, expect a break that would see a rapid flood of selling pressure, with the target set to $2,000 as not many elements are in between to provide solid support. ETH/USD daily chart Bulls could sweat out the current market correction and easily make a U-turn once global markets start to return green numbers. A shift in sentiment would easily see Ethereum price bounce off $3,018 and touchback at $3,391. In case ETH should close above that level, it would be set to break out of the red descending trendline, reversing the downtrend, with even more investors and bulls then joining the rally, back up towards $4,000.00.

While the government and Bank of England have attempted to deal with the rise in prices and creeping inflation, today's figures continue to show that the path forward may be longer than expected. While a slight adjustment in monetary policy may contribute, today’s data showed the highest level in 30 years as the economy is still recovering from the pandemic and could take a significant amount of time to return to normal levels. Ultimately, this situation continues to impact everyday consumers who may see some very noticeable changes to their lifestyle and expenses if the ongoing trend continues. Crypto markets retreat as investors worry about increased regulation and central bank decisions Crypto markets along with other traditional risk assets continue to feel the pressure of incoming fiscal and monetary policy changes from central banks which is due to remove some of the excess liquidity from markets after the unprecedented support received by them, However, crypto is currently dealing a wide variety of negative news and potential increases in regulations which have contributed to the recent pullback across assets as Ethereum continues to hover above the key $3000 psychological level. While fundamental factors may have changed slightly, the second biggest coin is trading at the lowest level in several months and as traders await a catalyst, the situation remains potentially quite volatile. Activision Blizzard acquisition by Microsoft could be a game changer This $68,7 Billion deal could prove to be a turning point for Activision Blizzard, who has seen its share price drop more than 44% in the last year on the back of disappointing results and a number of corporate as well as internal issues. Microsoft announced it will be offering as many Activision Blizzard games as possible within Xbox Game Pass and PC Game Pass, which just reached 25 million subscribers, and might provide the much needed boost in player base. Furthermore, a more direct input in general operations decisions could aim to rectify decisional issues and bring a more united direction for the company moving forward. Investors already reacted to this news favourably with Activision Blizzard stock price gaining over 30% on Tuesday while Sony stock actually fell as shareholders consider the risks associated with this acquisition.  

Bitcoin´s New Year’s resolution BTC in US-Dollar, Quarterly Chart, trending up: Bitcoin in US-Dollar, quarterly chart as of January 18th, 2022. Where often the rubber meets the road is accountability. Yes, you technically could trade off a screen the size of your phone and do so in your underwear from home. That doesn’t mean this will lead to profits. More likely, success will come if you tell your spouse that you will only trade for real money once a significant sample size of paper trading shows consistent returns on your well-defined statistical edge. Holding yourself accountable to a person close to you is critical. This way, you won’t slack on facing your shortcomings. There is a thin line between gambling and being a victim of nourishing scarcity emotions and having a well-defined trading system executed with discipline to extract profits from the markets over larger sample sizes consistently. The quarterly chart above shows how bitcoin has been trending up over the last five years. As much as last year’s final quarter was profit-taking after all-time new highs, the price seems to stabilize near the regression channel midline (blue line), which typically acts as support. We find these accentuated retracements typical for bitcoin and are looking for a possible turning point towards a new leg up in the larger time frames. BTC in US-Dollar, Weekly Chart, Bitcoins New Year’s resolution: Bitcoin in US-Dollar, weekly chart as of January 18th, 2022. Patience should be a key element in any such system. Patience to wait for the good trades that have the potential to provide upside moves three to five times greater than the necessary risk taken to try out the trade. What also needs to be thoroughly checked is not to be underfunded and that there is no pressure to make a living off trading right away. If these rules are undervalued, ruin is typical since trading psychology has particular requirements to execute a profitable methodology appropriately. Therefore, this includes that the money at stake lost cannot influence a drastic change in living. When undertaking a venture like this, it is advisable to not increase pressure by spreading the word to friends and colleagues since typical learning curve time frames are somewhere between 3 to 7 years, and the additional stress to defend one’s venture is not helpful. This behavior also supports the necessary feature later as a trader to be highly flexible in changing one’s mind about the market’s price direction. Something outsiders might find foolish. Now zooming into a lower time frame, the weekly chart shows a similar picture of opportunity. Prices are trading at the mean. A mathematical “neutral zone.” As the white ellipse in the past shows, for bitcoin, this is a support zone of prices where bitcoin turned after a temporary sideways trading period. Similar trading behavior is unfolding right now, supporting our bullish tone. BTC in US-Dollar, Daily Chart, possible entry zone: Bitcoin in US-Dollar, daily chart as of January 18th, 2022. If you are already a consistently winning trader, setting the tally to zero at the beginning of the year like this can be very helpful. You start fresh. Consequently, you trade a bit smaller and are very focused and diligent in building a new winnings nest egg that provides for free market play at the beginning of the year. Starting the beginning of the new year supports confidence that no matter what might be faced, if somewhere an exchange is open, you can make a living even after hardships and, as such, refreshes the confidence needed for proper execution throughout the year. Not resting on one’s laurels this way keeps trading exciting and the moral up to par towards the required skill set. The above daily chart tries to identify low-risk entry zones with our typical top-down approach, now zooming even closer. We aim further to stack the odds for a possible low-risk entry spot.After four swing legs down, prices are trading in a congestion zone (green square). We find this an area worthwhile to be on the lookout for a possible low-risk entry. This daily time frame entry could mature to a higher time frame turning point. Our quad exit strategy can capture profits for a more significant developing trend. Bitcoins New Year’s resolution: Trading needs to be treated like a business. A high percentage of businesses fail due to a lack of a business plan. In trading, a clear set of rules is even more critical due to the counterintuitive nature of the markets. In short, one can’t shoot from the hip in this profession. You get nowhere with your gut feeling. The biggest obstacle in trading is that traders underestimate how long it takes before success settles in. Consequently, backup plans are an excellent way to extend one’s learning curve. We also find a great way to overcome obstacles and accept when things go wrong consistently that a new rule is possibly missing.  The business of trading has many components, and as such, it is helpful to seek the outside counsel of a professional when needed. You find good support through the learning process in our free telegram channel within a community of professionals and newbies alike who provide answers to your questions. Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|January 18th, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.

Yesterday’s Q4 earnings report from Netflix was seen as a major disappointment with forecasts pointing to weaker subscriber growth amid rising competition, particularly when compared to the first part of 2021. While the company referred to increased competition as a major cause of this uncertainty, rising prices of plans may also be deterring some customers who now have access to a wide range of streaming services including Disney+ and HBO Max. The company’s stock dropped around 20% in after hours trading and could be set to begin today's trading in the $400 area - the lowest level since May 2020. Despite there being a general risk-off mood in markets, which has seen many other stocks also retreat, it remains to be seen if Netflix will manage to rebound or if it will continue heading lower. Crypto markets tank as risk-off moods dominate While it may appear that the crypto market has taken a big hit today, with the majority of top 100 coins down by around 10%, it is important to note that the general sentiment across markets is quite negative when relating to risk assets. This is in part due to the increasing prospects of fiscal and monetary policy changes from central banks, in particular the FED, which would remove a significant amount of liquidity from the market and that ultimately could lead to a significant fund reallocation. Furthermore, while we have seen major cryptos like Ethereum and Bitcoin drop below key levels like $3000 and $40,000, and reach the lowest level in several months they are both testing key support areas which previously preceded significant upward moves. While the global situation may be slightly different, it is worth keeping in mind that recent negative performance is not limited to the cryptocurrency market but is being seen across many different types of asset classes, albeit on a somewhat smaller scale. UK Retails sales decline and worry investors The 3,7% decline in retail sales illustrated by today’s report continues to indicate rising prices and economic uncertainty as some of the key reasons for the slowing down of sales. Despite Non-food stores sales falling noticeably in December, food store sales managed to only drop by 1% and retail sales as a whole were able to remain above pre pandemic levels. As the situation grows more uncertain and as inflation continues to be a key factor, it remains unclear whether central banks and governments will decide to take action or if they will wait and see if things improve naturally.

The crypto market capitalisation fell to 1.83 trillion, losing 7.3% in the past 24 hours. As we had feared, the selloff was triggered by sharply negative sentiment in US equity markets and intensified by the breakdown of critical support levels. Bitcoin retreated to the $38.8K area. The amplitude of the decline from the peak at the start of the regular session in New York to the bottom at the opening of Asia exceeds 12%. Sellers have proven unbreakable (so far) the upper boundary of the downward price channel that has dominated bitcoin since mid-November. Another worrying fact is that Bitcoin's share has risen to 40.2% of the crypto's total cap. The implication is that investors are breaking out of altcoins even more sharply, as they are less confident in the ability of smaller coins to withstand the titans' fall. Without a sharp intraday reversal (chances for this are minimal), we can confidently expect an acceleration of long position liquidation in Bitcoin and further drawdowns. There is nowhere to look for support until the $30-33K area on the chart. Ether has given up support at $3K, quickly pulling back into the consolidation area of late September, ending up near $2.85K. The intensification of the selloff makes $2K the target of the initial downside wave. Earlier in 2021, the area of 30K for Bitcoin and near 2K for Ether was the bottom of a deep correction. This then attracted buyers, and the total market managed to rewrite highs. In that drawdown, the total capitalisation of cryptocurrencies was down to $1.2 trillion. If the first two cryptocurrencies were targeting lows last summer, it is logical to expect the entire market to return to the lows of that time. But then the external backdrop was highly favourable, as the US market was returning to growth with drawdowns in the 5% range, having already crossed that barrier earlier last year. The continued negative backdrop in equities sets up a deeper pullback in crypto. The crypto market's capitalisation could potentially shrink by half to the $830-900bn area before we see a new wave of long-term buyer inflows. For Bitcoin, this suggests the potential for a drop to 20k.

The cryptocurrency fear and greed index was down to 11 on Sunday and slightly up to 13 by early Monday. Crypto market capitalisation lost another 1.1% overnight to $1.61 trillion, the lowest since August. As is often the case with prolonged sell-offs, altcoins are falling with acceleration to the first cryptocurrency, causing BTC's share gains, which already stands at 41.3% against lows of 39.3% in mid-January. Bitcoin's share of 40% seems like a turning point, twice triggering a correction in the crypto market. This level stood like an informal threshold that optimism about altcoins had gone too far. However, the rise in bitcoin's share does little to help its price. We saw the sixth consecutive bearish daily candlestick on Monday morning, and the price rolled back to $35K. The bears may well be able to sell the price down to $32.5K, closing the gap of July and returning the rate to last summer's support area. Alarmingly, the sharp reversal on Friday was not followed by any meaningful bounce. Some observers point out that this is a worrying signal, suggesting further market declines, as we have not seen a final capitulation. Without capitulation, the markets will remain with an overhang of sellers. The price of ether has fallen to $2400, which is less than half of its peak price in November. Events are developing in a bearish scenario, so far broadly repeating what we saw in 2018 in terms of overall sentiment. Long-term buyers can avoid buying at prices above 30k for bitcoin and 2k for ether. We believe long-term investors will look out for purchases in the 20-30k per bitcoin area. Whether these purchases will be at the upper or lower boundary depends, among other things, on the situation in the stock markets. The return of buyers there will support the demand for risk among institutional investors. But as long as we see only steady selling from them, it is too early to talk about buying.

Bitcoin gained 7.3% over the past week, ending last week near $37,700. Ethereum added 7%, while other leading altcoins in the top 10 showed mixed dynamics: from a decline of 25% over the week (Terra) to a rise of 4.6% (Binance Coin). Terra's collapse is linked to the scandal surrounding the Wonderland DeFi protocol. The total capitalisation of the crypto market, according to CoinGecko, rose 1.7% to $1.79 trillion for the week. The week didn't start encouragingly for bitcoin. The first cryptocurrency updated six-month lows below $33,000, but BTC sharply redeemed the short-term fall amid an equally sharp rebound in US stock indices. The US stock market interrupted last week's decline and rose for the first time after three weeks of decline. Apple's stock price jumped on Friday after a positive quarterly report and on Tim Cook's statements about the great potential of the metaverse. The rise in the stock market also contributed to the rebound in the cryptocurrency market, which again points to the strong correlation of stock and digital assets in recent times. This trend could continue at least until the end of this year. Despite stabilisation, the situation in the crypto market remains very fragile. Bitcoin could end up falling for the third month in a row. The decline in January is over 17%, and the first cryptocurrency has already lost 45% since the highs in November. The US Treasury Department plans to revisit the controversial FinCEN proposal for mandatory verification of bitcoin wallet users in 2022. If adopted, the proposal would require cryptocurrency exchanges to collect personal data from their users.

S&P 500 recoverd the opening setback at 4,500, and the low volume behind the upswing coupled with credit market reversal shows that the push towards 4,600 is next – but it would be fraught with internal vulnerability. It‘s that value has welcomed the risk-on turn while tech barely prevented lower values – the bond reprieve won‘t last, and is providing more fuel behind the commodities push higher, and precious metals recovery. The Kashkari effect and good ISM Manufacturing PMIs have worked fine, but the services data awaits. And I‘m looking at it to throw a spanner in the works, a modest one. For now, controlling the overall risk is key – fresh portfolio highs were achieved yesterday as new S&P 500 long profits were taken off the table – and commodities with precious metals are likely to do well in this extended (sticking out like a sore thumb) rally off oversold levels (in tech). The other key thought expressed in the linked tweet is that S&P 500 hasn‘t entered a bear market, that it hasn‘t rolled over to the downside for good. It‘s that I expect the return of the bears in the not too distant future, and a smoother sailing in 2H 2022. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 bulls prevailed, but the question still remains – where would the upswing stall, or at least pause? Still the same answer as yesterday - ahead soon, still this week. Credit Markets HYG reversed higher, and the pace of its coming gains, would be valuable information. Volume tells a story of a modest setback only thus far – greater battles await. Gold, Silver and Miners Gold and silver staircase recovery goes on, showing that further retreat was indeed unlikely. The long consolidation would be resolved in a bullish way, it‘s only a question of time. Great performance this early in the tightening cycle – look for PMs upswings once the rate hikes get going. Crude Oil Crude oil bulls aren‘t wavering as the whole energy sector attests to. Black gold hasn‘t dipped yet below $86, and keeps marching and leading the other commodities $100 is approaching. Copper Copper‘s recent red flag was indeed dealt with decisively, and higher prices prevailed. Still great room to catch up with the rest after the preceding reprieve across other base metals as well. Bitcoin and Ethereum The narrow crypto trading range continues – I‘m still not looking at the Bitcoin and Ethereum buyers to succeed convincingly. Time for a downside reversal is approaching – will happen just when Ethereum loses the bid. Summary S&P 500 bulls again scored gains yesterday, but the sectoral rotation and credit market turn would build a vulnerability going into Friday when value would suffer. Before that, I look for the bears to gradually start appearing again, taking probing bites, but not yet being decisive. VIX has some more room to decline indeed, confirming my earlier thoughts – the volatility return would happen on non-farm payrolls inducing a fresh guessing game as to the Mar rate hikes – 25 or 50bp? Inflation, precious metals and commodities would though still emerge victorious. For now, overall risk management is key – fresh portfolio high was reached yesterday. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.

S&P 500 is slowly getting under pressure, which is likely to culminate on weak non-farm payrolls tomorrow if Wednesday was any guide. Credit markets are pushing for higher yields as inflation data keep surprising those policy makers who had been already surprised throughout 2021. Commodities though aren‘t freezing as a proverbial deer in the headlights, and once the scare of the Fed‘s short tightening cycle gets done away with, precious metals would join. In the meantime, look for silver to act on copper‘s cue, and for gold to do relatively better in risk-off settings.As for stocks, my gentle selling bias while on the lookout to enter short towards the session‘s end, hasn‘t changed since yesterday, and the new position is already profitable:(…) the low volume behind the upswing coupled with credit market reversal shows that the push towards 4,600 is next – but it would be fraught with internal vulnerability. It‘s that value has welcomed the risk-on turn while tech barely prevented lower values – the bond reprieve won‘t last, and is providing more fuel behind the commodities push higher, and precious metals recovery.The Kashkari effect and good ISM Manufacturing PMIs have worked fine, but the services data awaits. And I‘m looking at it to throw a spanner in the works, a modest one. For now, controlling the overall risk is key – fresh portfolio highs were achieved yesterday as new S&P 500 long profits were taken off the table – and commodities with precious metals are likely to do well in this extended (sticking out like a sore thumb) rally off oversold levels (in tech). The other key thought expressed in the linked tweet is that S&P 500 hasn‘t entered a bear market, that it hasn‘t rolled over to the downside for good. It‘s that I expect the return of the bears in the not too distant future, and a smoother sailing in 2H 2022.Let‘s move right into the charts (all courtesy of www.stockcharts.com).S&P 500 and Nasdaq OutlookS&P 500 bulls prevailed yesterday, but would get under pressure relatively soon. The ominous lower knots say a consolidation is knocking on the door.Credit MarketsHYG repelled selling pressure, but that won‘t last – I‘m looking for lower values across the bond spectrum, coinciding with (temporary) dollar upswing. Risk-off.Gold, Silver and MinersAll this risk-off already in and still to come, is failing to press gold and silver really down – and that tells you the true direction is up, just waiting for a (Fed, inflation, stagflation) catalyst.Crude OilCrude oil bulls aren‘t yet wavering, but remain perched pretty high – I‘m looking for sideways to down consolidation as the bears get emboldened by the rising volume. Trying their luck soon.CopperCopper is back to the middle of its recent range, still positioned for an upside breakout. Commodities are pointing in the right direction – note the absence of sellers yesterday. How far would the USD upswing compress the red metal today? Not much, not lastingly.Bitcoin and EthereumThe narrow crypto trading range is over, and the bears are on the move – look for them to take some time before they get going towards BTC $35K.SummaryS&P 500 bulls are about to meet the bears again, and higher yields won‘t save value stocks, let alone spawn a rush to tech safety. The pressure in stocks to probe lower values, is building up, and 4,450 may not be enough to stop it. For all the pause in Fed hawkish jawboning, the tightening cycle is merely getting started, and stocks will feel it. Unlike precious metals, which would reverse prior hesitation once the rate raising starts in earnest, and start going up. And commodities? These aren‘t waiting for anyone‘s greenlight. And neither should you in life – what I would like to bring to your attention, is that volatility is rising, and it thus makes sense to pare back the overall portfolio exposure and position sizing while taking only the strongest of opportunities.Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.

Proponents noted a 63.07% spike in the total transaction volume of cryptocurrencies across exchanges. Coinmarketcap data reveals a month-on-month increase of 4.75% in crypto trading volume. Bitcoin price crossed $47,000, fueled by $200 million shorts liquidated across exchanges. Bitcoin price is rallying, fueled by a frenzy of massive short liquidations on crypto exchanges. Proponents believe bulls have flocked to the market, as transaction volume exceeded $100 billion. Bitcoin price pushes past $47,000 in recent rally Bitcoin price crossed key resistance to hit a high above $47,000 in a rally fueled by the liquidation of millions of short positions. Analysts at the crypto intelligence platform Santiment observed a massive liquidation of shorts across exchanges at 1 pm and 6 pm UTC across crypto exchanges on March 27, 2022. Analysts argue that Bitcoin’s recent price rally to $47,000 was a response to liquidation in large quantities over the weekend. The average funding rate entered the long zone, where uncertainty among market participants increased. Therefore, analysts conclude that Bitcoin shorts have fueled the asset’s ongoing rally. Bitcoin and altcoin shorts liquidatedColin Wu, a Chinese journalist, reported a spike in the total transaction volume of cryptocurrencies, exceeding $100 billion over the past 24 hours. Wu referred to data from Coinmarketcap and observed a 63.07% increase in crypto transaction volume compared to March 26, 2022. The total crypto market value now exceeds $2.12 trillion. Historically, analysts have witnessed high transaction activity when large wallet investors flock to the market or scoop up crypto. Bloomberg analysts argue that Bitcoin looks overbought, compared to its 50-day Moving Average. Bitcoin price crossed key resistance at $45,000 in the current rally, erasing its losses for the year. FXStreet analysts have evaluated Bitcoin price and predicted the start of a new uptrend in the asset, as it crossed the $45,000 level.

BTC was down 0.8% on Tuesday, ending the day near $39,500. On Wednesday morning, the price stabilized around the $40K level, showing a slight increase of 0.4% over the past 24 hours. Cryptos try to stabilize Ethereum added 1.8% during the same time. Other leading altcoins from the top ten are showing growth in the range from 0.9% (Avalanche) to 3.7% (Binance Coin). The Shiba Inu Token (SHIB) has also jumped by 15%, becoming the growth leader in the TOP-100. According to CoinMarketCap, the total capitalization of the crypto market increased by 1.5% per day to $1.87 trillion. The Bitcoin Dominance Index fell 0.4% to 40.7% on a sharper rebound in altcoins. Related article: What Are Altcoins? (ADA) Cardano Price, (LTC) Litecoin And Bitgert (BRISE) Analysis Сrypto market attempts to stabilize after the downturn caused the Fear and greed index to strengthen. It added 5 points up to 25 by Wednesday morning and remained in a state of "extreme fear". Bitcoin remains the lame duck of the crypto market due to the prevailing price decline in traditional financial sectors. BTC tried to correct upwards on Tuesday after a strong drawdown the day before. According to CoinShares, institutional investors withdrew $134 million from crypto funds last week, the most in 13 weeks. BTC can outperform bonds and stocks It is still difficult to find confirmation of the hypothesis that cryptocurrencies are a hedge against inflation. The latest US consumer inflation data showed an 8.5% rise in prices in the US. During the same time, the capitalization of the crypto market in dollars decreased by 13%, reducing the purchasing power of the initial capital by more than 20%. Speaking of Germany, for example, with its 7.6% price increase per year, an 8% depreciation of the euro against the dollar should also be added to the equation, which will further increase the losses. Investments in gold, on the other hand, give real (inflation-adjusted) growth of 8%, and in euros - more than twice as much. Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! The FxPro Analyst Team emphasized that this relationship is critical for retail investors, most of whom make decisions based on rather impulsive estimates and proceed from the foreseeable horizon. At the same time, the institutional approach still points to the attractiveness of cryptocurrencies. Bank of America believes that Bitcoin and other cryptocurrencies could outperform bonds and stocks in the face of a potential global economic recession. Investment agency Morningstar believes that cryptocurrencies have no equal in terms of income among assets, although they have too high volatility. This is similar to the issue of new assets that the US stock market went through about a hundred years ago. By the beginning of the new century: it was the sector of high-tech companies, and now is the turn of cryptocurrencies.

TL;DR Immutable X is a layer-2 scaling solution for NFTs on Ethereum. It offers instant trade confirmation and near-zero gas fees for minting and trading NFTs. Users can easily create and trade NFTs without compromising the security of their assets. Immutable X uses an engine called Zero-Knowledge Rollup to achieve scalability. It can facilitate up to 9,000 transactions per second. Immutable X’s shared global NFT order book can efficiently enhance NFT liquidity and increase their trading volume. NFTs can be bought and sold on any marketplaces built on Immutable X. IMX is an ERC-20 utility and governance token. It’s used to pay for transaction fees and incentivize users and developers on Immutable X. Token holders can earn rewards through staking and participating in the platform's governance. Learn more on Binance.com Introduction Trading and minting NFTs on Ethereum can be expensive, especially during times of high traffic. Users need to pay higher gas fees to have their transactions confirmed quickly. It’s also common for minting transactions to fail, causing significant losses. Article By Binance: (APE) ApeCoin - What Is It? BAYC, MAYC And BAKC Explained| FXMAG.COM What is Immutable X? Immutable X is a layer-2 scaling solution for non-fungible tokens (NFTs) on Ethereum. It aims to improve Ethereum’s scalability and user experience. Immutable X was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly. It offers instant transaction confirmation and near-zero gas fees for minting and trading NFTs. Users can easily create and trade ERC-721 and ERC-20 tokens at lower costs without compromising the security of their assets. How does it work? At the core of Immutable X is a scaling technology called Zero-Knowledge Rollup (ZK-Rollup), which is a layer-2 protocol for validating transactions on the Ethereum blockchain. Instead of adding every transaction data to the blockchain, ZK-Rollup batches hundreds of transactions into a single zero-knowledge proof known as the zk-STARK proof. Zk-STARK stands for zero-knowledge succinct transparent arguments of knowledge. It’s a verification method used to prove possession of certain knowledge without revealing any information about it. It can provide Immutable X transactions with increased levels of privacy and security.  After batching the transactions, the proof is submitted to the blockchain and verified by a smart contract. The ZK-Rollup smart contract maintains all transaction details on layer 2, so that the proof can be quickly verified as they don’t contain the complete data of every transaction. The computing and storage resources required for validating a block will be lower too. This is how Immutable X can facilitate up to 9,000 transactions per second (TPS) with significantly reduced gas fees. For the end-users, Immutable X transactions have zero gas fees. Another unique feature of Immutable X is a set of powerful REST APIs that can simplify complex blockchain interactions NFTs users trade or mint on Immutable X are 100% carbon-neutral. For example, minting 8 million NFT trading cards for the play-to-earn game Gods Unchained would consume approximately 490 million kWh (490 MWh) on Ethereum. With ZK-Rollup compressing the data required for minting, Immutable X only used 1,030 kWh to mint the same amount of NFTs, which is 475,000 times less energy consumption. The minuscule energy consumption remaining is offset with carbon credits. Article By Binance: Altcoins: Harmony (ONE) - A Blockchain Project Explained| FXMAG.COM Another unique feature of Immutable X is a set of powerful REST APIs that can simplify complex blockchain interactions. Users can create and transfer NFTs easily via API calls without having to interact directly with smart contracts. Combined with Immutable X’s simple software development kits (SDKs), developers can integrate the APIs and Wallet to their platforms easily. This will allow them to build NFT projects, such as play-to-earn games, in just a few hours rather than weeks.  To facilitate a third-party NFT marketplace ecosystem, Immutable X provides a global order book that allows NFTs to be bought and sold on any marketplace that implements their scaling solutions. This means that orders created in one marketplace can be filled in another, effectively increasing the trading volume and liquidity of NFTs. Immutable X also supports all desktop Ethereum wallets. Users can seamlessly trade NFTs on different NFT-enabled crypto wallets without moving their assets across networks. What is IMX? IMX is the native token of Immutable X. It’s an ERC-20 utility and governance token with a 2 billion total supply. IMX is used to pay for transaction fees and incentivize users and developers on Immutable X. They can earn IMX tokens by contributing to the platform’s growth, such as trading NFTs and building applications.  As a utility token, IMX allows token holders to earn rewards through staking in reward pools. They can also participate in the governance of Immutable X by submitting and voting on community proposals. The more IMX coins they hold, the greater their voting power.  Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun How to buy IMX on Binance? You can buy Immutable X (IMX) on cryptocurrency exchanges like Binance.  1. Log in to your Binance account and click [Trade]. Select either the classic or advanced trading mode to start. 2. Search “IMX” to see the available trading pairs. We will use IMX/BUSD as an example. 3. Go to the [Spot] box and enter the amount of IMX you want to buy. In this example, we will use a Market order. Click [Buy IMX] to confirm, and the purchased IMX will be credited to your Spot Wallet.     Closing thoughts Immutable X leverages layer-2 scaling technology to bridge the gaps in trading NFTs on Ethereum. It creates a platform for NFT businesses to grow, including play-to-earn games and marketplaces.

The delay of the Ethereum Proof of Stake change could potentially mean our trade of the year could be a problem. Let's dive into the reasons and how you can handle this uncertainty! 00:00 Intro 00:18 Preview 00:37 General crypto news 02:23 BTC 07:37 ETH 12:45 Avalanche 15:01 Good bye & subscribe Every week Feyyaz Alingan looks at the most important cryptocurrencies and discusses the most important developments in the crypto space to share his thoughts in the Crypto Market Talk. Which coins could go to the moon and which could go bust? What is behind the hype of the different blockchain technologies and how can YOU participate? If you don’t want to miss the dynamic world of cryptocurrencies and want to stay up to date with Bitcoin and co. - Crypto Market Talk is the best place to stay subscribed! Feyyaz Alingan founded Blue Alpine Research and regularly publishes analysis & news on the topic of cryptocurrencies, DeFi and NFTs on YouTube and via Podcast. #cryptomakettalk #trading #crypto #blockchain #token #weeklyshow #cryptoshow Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 Let's stay connected: LinkedIn: https://swq.ch/cH

Summary: Solana is seeing price increases reflecting the current bull market. SOLANA Up almost 5.6% As of today the price of Solana Crypto token is up by 5.6%. The market is in bull at the moment, meaning that investors are confident. The current market position along with increasing investor confidence in cryptos thanks to the UK announcing its plans to regulate stable coins, could be possible reasons for the rise in the value of the coin as of today. Solana (SOL) Price Chart Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun POLKADOT Up by almost 4.9% Since the announcement last monday by the U.K’s treasury finance arm to regulate stable coins, like SOL, the price of DOT has increased. The market and investors would welcome such an announcement to regulate the digital currency world. We should see the price of DOT continue in this direction in the coming days. Polkadot Price Chart Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM SHIBA INU On the Rise As of this morning, the price of SHIBA INU increased by 3.8%. The SHIBA INU coin has recently been listed on the Robinhood trading platform, we saw last week that the value of this coin saw big increases in price as a result of Robinhoods announcement. If we compare how the values of other cryptos went after being listed on Robinhood, we can probably predict the direction of the SHIBA INU price. SHIBA INU Price Chart Sources: Finance.yahoo.com, cointelegraph.com

Bitcoin has fallen by over $ 9,500 in recent days by nearly 20%. Such a significant depreciation made the quotations of the oldest virtual currency drop below several significant support lines, the last two of which are the horizontal level of $ 42,200 and the upward trend line slightly below. Thanks to Monday's rebound of BTC, we are witnessing a re-test of the previously broken upward trend line, the lower boundary of the upward wedge formation, which we have already mentioned several times in the last weeks. The emergence of a more significant supply response here could signal a potential rejection of the track currently being tested, which would indicate a potential for further declines towards $ 37,000 or even below $ 35,000. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM The current situation on the Ethereum quotes is also very interesting. The exchange rate of this cryptocurrency has recently dropped by nearly $ 700, which was almost 20%. This depreciation pushed the ETH back to around $ 3,000, one of the most recent resistance levels. It is noteworthy that for several days this market has been moving in a horizontal trend between $ 2,980 and $ 3,150. The fact that systems of this type are usually corrective formations may be of significant importance here, which in practice means that the quotes more often break out of them in the direction consistent with the previous move. If this were also the case, the ETH price would drop below $ 2,980, which in turn would threaten its further depreciation towards the upward trend line below $ 2,800. The following levels of support are located in the vicinity of where a greater demand response could appear, which could initiate another upward movement The current situation on Solana's trading is also very similar. The exchange rate of this cryptocurrency has recently dropped by over 34%, thus returning below the level of $ 105.50. For several days the market has been consolidating slightly below the defeated support (now resistance). If only this zone is rejected, we would expect the sell-off to continue, which could return SOL to around $ 88 or down further to $ 79. The following levels of support are located in the vicinity of where a greater demand response could appear, which could initiate another upward movement. Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM Looking at the Avalanche quotes, we notice that the price of this cryptocurrency has dropped by more than 30% at the same time. The sell-off stopped only near the upward trend line, where there was a demand reaction on Monday. However, there are many indications that even if this support were rejected, the AVAX rate would only increase around the previously defeated support (now resistance) of $ 83. Therefore, the potential for short-term increases seems to be very limited. It is noteworthy in this case that the price of this cryptocurrency was between the horizontal resistance and the upward trend line, which is key support. These two constraints form an ascending right triangle. From a purely technical point of view, it is technically neutral, which means that the market can break both up and down, and only the direction of the break will signal a future trend. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun A breakout over the top could open the door to further gains as high as $ 100. On the other hand, a drop below the upward trend line would indicate a potential for further depreciation to the $ 54 region. *Subtitles for the YouTube video are available in all languages

Ethereum price is stuck trading between the 50-, 100- and 200-day SMAs, lacking volatility. A triple bottom setup around $2,652 could be the key to triggering an 85% upswing to retest the all-time high at $4,868. A three-day candlestick close below $2,439 will invalidate this outlook and potentially trigger a crash to $1,706 or lower. Ethereum price has been on a downswing since its all-time high in November 2021, but the development of recent events suggests that a change is coming. While there could be a temporary drop, a massive upswing is likely to begin afterward.   Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM Ethereum price at a junction Ethereum price set a swing low at $2,652 on September 19 and rallied 83% in under two months to set an all-time high of $4,868. This impressive upswing was followed by a 55% downswing that pierced the $2,652 swing low. These two touches around the same level could be foreshadowing a triple bottom setup. For this technical formation to be complete, ETH needs to slide lower by 13% and tag the $2,652 support level again. This move will complete the pattern and reverse the trend favoring bulls. In such a case, Ethereum price is likely to make a run at the 50% retracement level at $3,287. However, investors need to exercise caution around the 200-day Simple Moving Average (SMA) at $3,492 and the $4,000 psychological level, as Ethereum price might face headwinds there Clearing the midpoint and flipping it into a support level will open the path for a move toward the range high at $4,868. In total, this run-up would constitute an 85% ascent and is likely to extend to the $5,000 psychological barrier.   Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM However, investors need to exercise caution around the 200-day Simple Moving Average (SMA) at $3,492 and the $4,000 psychological level, as Ethereum price might face headwinds there. Such a move is likely to push the Relative Strength Index (RSI) lower to the 38.16 level. The last two times RSI tagged this level was in June and July 2021, when ETH was forming a base that would eventually lead to a 185% gain. Therefore, the retracement forecasted by the technical perspective also supports a retest of the 38.16 level for RSI, hinting at a bullish outlook. ETH/USDT 1-day chart Supporting this optimistic outlook for Ethereum price is the exchange net position change indicator that tracks the 30-day outflow of ETH. Currently, this index shows that nearly 94,000 ETH has moved out of centralized entities’ wallets, suggesting a reduction in the sell-side pressure. Interestingly, this is the sixth time such a massive outflow has occurred, which in turn reveals the importance of this metric. ETH exchange net position flow.   Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun Furthermore, the number of one-hour active addresses on the Ethereum blockchain has hit a new all-time high at 60,330. This uptick suggests that new users or investors are interacting with the ETH blockchain and is considered a bullish indication. ETH 1-hour active addresses Lastly, the long-term bullish outlook for Ethereum price is perfectly portrayed by the supply of ETH present on exchanges. This level has been in a downtrend since July 2020 and has slumped from 29.69 million to 14.96 million, representing an 11.73 million outflow of ETH in less than two years. This development suggests that more investors are disinclined to sell and are moving their holdings to cold wallets or to DeFi platforms to earn interest, which indicates that they are optimistic about the performance of Ethereum price. ETH supply on exchanges A three-day candlestick close below $2,439 will invalidate this outlook by producing a lower low. In such a case, ETH bears could seize control and trigger a 30% crash to $1,706, which will allow market makers to collect the sell-stop liquidity.

Summary: Solana (SOL) prices went up even further today. DOT and Shiba Inu prices have fallen but are still seeing an overall increase. Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM (SOL) Solana Up by 0.5% from this morning Since this morning, Solana price has increased by a further 0.5%. The growth we are seeing in SOL may just be the price recovering from its fall in March regarding the Fed’s finance announcements along with the increased market trading volume. Although we may continue to see these increases in the coming days, it cannot be ruled out that SOL has a long way to go to regain its pre-2022 values. Solana (SOL) Price Chart Polkadot (DOT) price decreasing since this mornings 4.6% The price of POLKADOT (DOT) has fallen by more than 1% since this morning, however the price of this coin is still in the green. The price fall could be reflecting the current market sentiment and the investors’ bearish attitude towards the marker in general. Polkadot Price Chart Related article: Altcoins Skyrocketing! Solana (SOL) Up Ca. 5.6%, Polkadot (DOT) +4.9% and Shiba Inu Is Launching (SHIB/USD)   Shina Inu (SHIB) Seeing an overall increase. Since this morning, SHIBA INU token is still in the green, however the growth rate has decreased slightly. The SHIBA INU coin has recently been listed on the Robinhood trading platform, despite this fact, SHIBA is still not performing as investors had hoped, this may be due to the timing of the listing being around the similar time of the Feds announcements. The future of this coins value is uncertain at this point. SHIBA INU Price Chart Sources: Finance.yahoo.com

US inflation comes in hotter at 8.5%, with rate hikes likely to continue into 2023. Epic Games raise $2B to fund the Metaverse. Bored Ape Yacht Club is set to create a film trilogy. APR 18, 2022 Key Takeaways The Bureau of Labor Statistics reported headline inflation for the USA at 8.5%, above the Dow Jones estimate of 8.4%. To reduce inflation, the Federal Reserve has begun raising interest rates and will continue to do so into 2023.  The Bank for International Settlements (BIS) released a study on how central bank digital currencies (CBDCs) can play a role in financial inclusion. The range of topics included using CBDCs as a catalyst to innovate and also to serve as a complement to existing systems. The popular NFT collection is set to release a trilogy film. Also, Bored Ape Yacht Club (BAYC) creator Yuga Labs has teamed up with Superplastic to create vinyl art collectibles based on the collection. The general price, volume, and volatility indices were mixed at -5.77%, -8.27%, and +23.23% respectively. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun   Highlights Bank of Japan official says Digital Yen won’t be used to achieve negative interest rate Bank of Canada using quantum computing to simulate crypto adoption scenarios Central Bank of Brazil confirms it will run a pilot test for its CBDC this year Institutional Asset Manager enlists Fireblocks to help with crypto security Fortnite creators Epic Games raise $2B from Sony and LEGO to fund Metaverse plans Pantera Capital set to close $1.3B Blockchain fund BlackRock to handle Circle’s USDC cash reserves as part of $400M funding round Ava Labs raises $350M at $5.25B valuation: Report A16z leads $4M seed round for Web 3 recurring payments startup AMC adds Dogecoin, Shiba Inu payments to mobile app Polygon pledges $20M to fund its carbon negative initiative Opera expands crypto browser to iOS for access to 9 Blockchain ecosystems Check the latest prices on Crypto.com/Price. Market Index Tokens     DeFi Index Tokens     Other Tokens     Source: crypto.com

Bitcoin rose 1.4% on Tuesday, ending the day around $41,300 and remaining near that mark on Wednesday morning. Ethereum added 1.3% to $3080 in the last 24 hours, XRP corrected 0.9% to 0.766, and other top ten altcoins gained 0.7% (BNB) to 4.9% (Terra). Bitcoin on Tuesday tested 8-day highs above $41,700 on the back of rising US stock indices, which strengthened for a second straight day Total crypto market capitalisation, according to CoinMarketCap, rose 1.3% overnight to $1.92 trillion. Bitcoin's dominance index was little changed, remaining at 41.0%. By Wednesday, the Cryptocurrency Fear and Greed Index remained at 27 points (fear). Bitcoin on Tuesday tested 8-day highs above $41,700 on the back of rising US stock indices, which strengthened for a second straight day. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM Correlation between BTC and the Nasdaq Composite Index has been highest since July 2020 Terra (LUNA) gained 5.5 per cent as Terra USD (UST) moved up to third place in terms of capitalisation among stablecoins. Chamath Palihapitiya, CEO of Social Capital and Virgin Galactic, said Solana (SOL) could capture market share in traditional financial services by challenging Visa and Mastercard. SOL is up 4.6%. The creators of the largest anonymous cryptocurrency, Monero, have confirmed that a 15th network hardfork is set for July 16. "It is better not to spend BTC but invest in it long-term" Jack Mallers, CEO of payment service Strike, said that bitcoin as a payment method is superior to all other systems. Nevertheless, it is better not to spend BTC but invest in it long-term. The US Secret Service's Office of Investigations (USSS) has disclosed that since 2015 the service has seized more than $102 million in digital assets from criminals. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun The Financial Action Task Force (FATF) believes that nearly half of the world's countries are not complying with anti-money laundering and counter-terrorist financing (AML) regulations. FATF has pledged to monitor member countries, including the US, China and the European Union.

BTC is sitting around a strong support 38k-40k so we will be looking for buy setups on H4: BTC formed a valid channel in red but it is not ready to go yet. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, until the buy is activated, BTC can still trade lower to complete the inverse head and shoulders pattern or even break the support downward. Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Dogecoin price sees the 55-day SMA underpins bullish action. DOGE price set to jump towards the 200-day SMA, playing the range. With that move, Dogecoin price would gain 35% of value to $0.1800. Dogecoin (DOGE) price jumps as tailwinds in Europe overpower headwinds from the U.S., with bulls storming out of the gate and booking a three-day winning streak. The rally started on Easter Monday with the 55-day Simple Moving Average (SMA) and monthly pivot acting as entry levels, returning 10% of value to investors. In a range play towards the 200-day SMA, coinciding with the monthly R2 resistance, a 35% trade is a possible outcome for this rally. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events DOGE price set to add $0.4 of appreciation Dogecoin price is rallying into its third day today within a rally that started on Easter Monday, where intelligent bulls used the limited trading volume to ramp up price action quite quickly. With markets coming back in on Tuesday, plenty of investors jumped into the spotted trade and could still comfortably place their stops below the 55-day SMA and the monthly pivot. Additionally, the current dollar weakness is helping to open up some more room and enlarge any intraday gains. This evening TESLA (TSLA) will come out with earnings after the closing bell DOGE price at first will face $0.1594, near $0.1600, with the monthly R1 resistance as the historical level as a double issue. From a trade management perspective, this would translate into a 1-to-1 trade setup with a 10% stop loss against 10% possible gains to be booked for investors entering at current levels around $0.1450. Should the dollar further back off and positive sentiment in the market pickup further, expect to see that trade turn into a 1-to-2.5 trade setup with a 10% stop loss and a possible 25% gain entering at current levels, with the profit target set at $0.18, which coincides with the monthly R2 and the 200-day SMA as double and robust resistance to the upside. DOGE/USD daily chart Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM This evening TESLA(TSLA) will come out with earnings after the closing bell, one of the most significant components in the NASDAQ. Seeing the correlation between the NASDAQ and cryptocurrencies, another setback after the significant 25% drop from NETFLIX (NFLX) could trigger a panic trade in markets, with investors quickly unwinding their positions at any price. That would trigger a drop below the 55-day SMA towards $0.1242.

Last year alone, the number of investors in the cryptocurrency market may have increased by nearly 70 percent. - This is according to the "2022 Global State of Crypto Report" published by Gemini Exchange. The report was created after surveying 29,293 adults in 20 countries. The age of the respondents ranged from 18-75, and the survey was limited to those earning more than $14,000 per year. The report helps understand the global adoption of cryptocurrencies among retail investors. It shows that 41 percent of those surveyed made their first investment in cryptocurrencies in the past year, and overall, the total number of investors has increased by about 70 percent in 2021 alone. Key excerpts from the report: More than half of cryptocurrency owners in Brazil (51 percent), Hong Kong (51 percent) and India (54 percent) started in 2021. Among high-income respondents in developed countries, cryptocurrency ownership is trending upward, with 40 percent or more in the United Kingdom, Germany and France reporting cryptocurrency ownership. Regulation is causing concern around the world. Among those who do not own cryptocurrencies, 39 percent in Asia Pacific, 37 percent in Latin America and 36 percent in Europe say there is regulatory uncertainty surrounding cryptocurrencies. Inflation drives adoption Another important finding is that inflation appears to be a key driver of investor adoption. One reason to pay attention to the Gemini survey is that it asked questions about inflation. The report highlights that countries that have recently experienced hyperinflation tend to agree with the statement "cryptocurrencies are the future of money." Respondents from countries that experienced a 50 percent or higher devaluation of their currency against the U.S. dollar over the past 10 years were more than 5 times more likely to say they plan to purchase cryptocurrencies in the coming year than respondents from countries that experienced currency devaluations of less than 50 percent, including South Africa, Mexico, India and Brazil. In the latter country, where the local currency has been devalued by more than 200 percent against the U.S. dollar, 41 percent of respondents own cryptocurrencies. In the U.S., 40 percent of cryptocurrency holders see them as a hedge against inflation. If inflation continues to be an issue around the world, it seems likely that this trend could increase In general, the higher a country's inflation rate, the higher the adoption rate of cryptocurrencies can be. If inflation continues to be an issue around the world, it seems likely that this trend could increase. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Forex service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Gate.io, one of the oldest cryptocurrency exchanges in the world, has become the second largest crypto exchange by trading volume according to data from CoinGecko, securing its spot as one of the leading exchanges worldwide GateChain, its native blockchain ecosystem and Gate Ventures, its venture capital investment division Founded in 2013, Gate.io has become one of the world’s leading cryptocurrency exchanges with a wide range of products including Startup, which allows users to invest in projects early on; NFT Magic Box, which allows the creation and trading of NFTs; GateChain, its native blockchain ecosystem and Gate Ventures, its venture capital investment division. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events Platform surpassing 10 million users in early 2022 Gate.io’s wide range of products and services have led to a rise in the platform’s popularity, with the platform surpassing 10 million users in early 2022, pushing it to become the second largest crypto exchange in the world based on daily trading volume according to data from CoinGecko. The company offers over 1,400 tradable cryptocurrencies on its spot market “This is another remarkable milestone for us at Gate.io as we approach our 9th birthday. Our unwavering commitment to providing our users with a safe and secure platform with a comprehensive suite of products and services remains the key to our exponential growth over the last couple of years, and we have no plans on slowing down,” said Marie Tatibouet, Chief Marketing Officer at Gate.io Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM The company offers over 1,400 tradable cryptocurrencies on its spot market, which has seen daily trading volume surpass $3 billion, securing its spot as the second largest exchange in the world. Gate.io has over 10 million users worldwide and prides itself on having the widest variety of tradable assets of any leading exchange. About Gate.io Established in 2013,  Gate.io is one of the oldest, leading cryptocurrency exchanges. Gate.io offers most of the leading digital assets and has over 10 million registered users across the world. It is consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko, and has been verified by the Blockchain Transparency Institute (BTI). Additionally, Gate.io has been given a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investments, wallet services and more. Disclaimer: Gate.io may not provide its full scale of services in certain markets and jurisdictions, and may restrict or prohibit the use of all or a portion of the services in compliance with local regulations. For the latest list of all the restricted locations, please read the User Agreement, “Section II Eligibility” via https://www.gate.io/docs/agreement.pdf.

Summary: The general downward price trend of the crypto market over the past week. The future of cryptocurrency success may lie in the hands of government policies and regulations. Litecoin (LTC) future values are expected to rise based on current trader sentiment. Since this morning the trading volume of Litecoin (LTC) decreased slightly, however we saw the price of the coin fall throughout the day today, this shows us that the price of LTC is not consistently supported or dependent on the trading volume. In general the cryptocurrency market experienced a decline in prices over the past few days and LTC has reflected the same outlook. However, this decline may not continue for much longer due to the changes in crypto regulations and government policies. LTC-USD Price Chart Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events IOTA price follows the same downward trend as other cryptos on the market. The price of IOTA fell during the day today. The downward price trend of this coin has followed the same trend as the general crypto market over the past few days. We can probably expect to see this price rise as the government policies and regulations around cryptos are finalized. IOTA USD Price Chart  Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM Cardano (ADA) price is still coming down off it's all-time high. Over the past weeks ADA has been facing a continuous downward trend reflecting a bearish attitude toward the coin, however in light of the general downward price trend of the crypto market, this outlook is unsurprising. ADA Price Chart Sources: Finance.yahoo.com, namecoinnews.com

Summary: Binance places sanctions on certain Russian account holders. Terra’s LUNA coin topples Binance. Despite today's drop, BRISE is still on an overall increase. (BNB) Binance Price drops today. Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM   The overall price of Binance has decreased throughout trading today. On Thursday Binance announced the removal of its services for Russian coin holders of certain accounts that hold any value of more than 10000 Euro, the move came in an effort to comply with EU sanctions on Russia. The affected accounts will only be allowed to withdraw their investments. Binance Coin Price Chart Terra’s LUNA coin price continues to rise. Terra’s LUNA coin has increased in price today, continuing on the upward trend the coin has been following for the past couple of days. This price surge came on monday as a result of the algorithmic coin taking over from Binance (USD) as the third largest stablecoin (based on circulation). Terra USD Price Chart Related article: Altcoins: IOTA, Litecoin (LTC) and Cardano (ADA) Threatened? Crypto Markets Lie in The Hands of Regulations and Government Policies? | FXMAG.COM Bitgert (BRISE) price on the rise the past week As of today, the price of Bitgert (BRISE) has decreased, however looking at the price of the coin over the past week it has been on the rise. The coin's value in the future will be dependent on market sentiment and current market conditions. Bitgert (BRISE) Price Chart Sources: finance.yahoo.com, coindesk.com

ApeCoin price is likely to retrace to stable support levels after a 60% ascent. This downswing will set a base around $13.59 before exploding to a new all-time high at $22.05. A three-hour candlestick close below $12.53 will invalidate the bullish thesis for APE. ApeCoin price is undergoing a retracement after the massive run-up triggered on April 18. This move is likely going to allow bulls to recuperate for the next leg that will shatter through the current ceiling and set a new all-time high. The extremely optimistic outlook makes sense considering the rumor mill that has been churning since April 20. The talk of the crypto twitter is that APE tokens will be a medium through which holders can purchase land in a metaverse that is being launched by YugaLabs, the owner of the popular Bored Ape Yacht club. Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM ApeCoin price readies for next move ApeCoin price set a swing low at $9.52 after crashing 45% from its all-time high. This downswing set the lower limit and was followed by a 62% run-up that set a local top at $15.53. Since this range was established, APE has been traversing inside it. On April 18, ApeCoin price kick-started a 62% upswing that pushed it through the previous all-time high at $17.46 and set a new one just above it at $17.53. Since this peak, investors have been booking profits, leading to a retracement. So far, ApeCoin price has dropped 16% and is likely to continue heading south until it encounters the $13.59 support level. If the buying pressure picks up, it will indicate that the bulls are interested in accumulating APE at a discount. Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Therefore, a foothold formation here could be the key to catalyzing the next leg that pushes ApeCoin price beyond the current all-time high and make a run at the $20 psychological level. Using the trend-based Fibonacci extension, the next target at the 100% extension is $22.05. This move from $13.59 to a new all-time high at $22.05 would constitute a 61% gain and is likely where the top will form for APE. APE/USDT 3-hour chart On the other hand, if Bitcoin price continues to descend, there is a good chance ApeCoin price will follow suit. In such a case, APE is likely to slide lower and retest the 50% retracement level at $12.53. Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM This development will provide sidelined buyers another chance at accumulating the altcoin. However, a three-hour candlestick close below $12.53 will invalidate the bullish thesis for ApeCoin price and suggest the possibility of a retest of the range low at $9.52.

Disclaimer: This article is for educational purposes only. Binance has no relationship to these projects, and there is no endorsement for these projects. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.   TL;DR In 2021, the meme coin market saw exponential growth, especially the dog-themed meme coins. As of November 2021, one of the most popular “breeds” is Dogecoin (DOGE) and its rival Shiba Inu (SHIB).  Meme coins are meme-inspired cryptocurrencies. They tend to be highly volatile compared to major cryptocurrencies like bitcoin (BTC) and ether (ETH). This is likely because meme coins are heavily community-driven tokens. Their prices are usually influenced by social media and online community sentiments. This often brings a lot of hype but also FOMO and financial risk. While it’s true that some traders became rich with meme coins, many lost money due to market volatility. Binance Academy: (APE) ApeCoin - What Is It? BAYC, MAYC And BAKC Explained| FXMAG.COM Introduction Some say 2021 was the year of “dogs” for crypto. The doggy duo Dogecoin (DOGE) and Shiba Inu (SHIB) led the meme coin pack and skyrocketed in price and market capitalization. As of November 2021, DOGE has gained over 8,000% since the beginning of the year and is ranking #9 by market capitalization on CoinMarketCap. Its competitor, SHIB, has pumped more than 60,000,000% since January. Learn more on Binance.com What are meme coins? Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin created was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu dog. Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also slump unexpectedly when traders turn their attention to the next meme coin. Another characteristic of meme coins is that they often have a huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply, and over 100 billion tokens are already in circulation. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices. With just $1 USD, you can buy millions of meme tokens. Why are meme coins so popular? While it’s hard to define specific reasons, some say that during the COVID-19 pandemic, the crypto market grew as retail investors wanted to hedge against inflation. Meme coins also boomed amidst the hype, growing both in market capitalization and variety. Read next: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM It all started after the “meme stock” saga of GameStop (GME) and AMC Entertainment (AMC) in late 2020, where the Reddit community pumped up the prices of these shares to as much as 100 times in a few months. In January 2021, a Reddit group joked about pumping up the price of DOGE to create a crypto equivalent of GME. The trend caught on, and along with the influence of Tesla CEO Elon Musk’s tweets, DOGE price rallied. Dogecoin reached a new all-time high of $0.73 USD, with an increase of over 2,000% in five days. In May 2021, Elon Musk joked about DOGE publicly on TV, and many say it was the cause of the following price drop However, in May 2021, Elon Musk joked about DOGE publicly on TV, and many say it was the cause of the following price drop. Several traders then turned to other meme coins on the market, such as the “Dogecoin killer” SHIB. At the same time, retail investors were FOMOing into meme coins hoping to become millionaires overnight, sparking yet another meme coin rally. Another reason why retail investors find meme coins attractive is that they typically only cost a few cents or even a fraction of a cent. Technically, the low price doesn’t mean much because these coins have huge supplies. Still, holding millions of a certain meme coin feels different than holding a fraction of ETH or BTC. Traders can get thousands or even millions of DOGE, SHIB, or Akita Inu (AKITA) tokens with just a few dollars. Binance Academy: Polkadot (DOT) Explained - A Pinch Of Origins And History| FXMAG.COM Apart from the potential profits, the meme coin frenzy is also driven by their respective community sentiments. As mentioned, meme coins are inspired by popular Internet memes, intended to be fun and sometimes considered an “insider joke” for a community. Buying meme coins, in a way, is showing support for their respective community. Following the GME stock market saga, meme coin traders inspired by the Reddit group SatoshiStreetBets started a “David vs. Goliath” battle to bet against the mainstream cryptocurrencies. The crypto market in 2021 was therefore flooded with community-driven meme coins. Potential risks of investing in meme coins Meme coins might have seen exponential growth in 2021, but like all cryptocurrencies, trading and investing in meme coins carries high financial risk. First of all, the tokenomics of meme coins can be concerning. Take Bitcoin as an example. It has its blockchain, a well-written whitepaper, an established ecosystem, and a deflationary nature. We are seeing more institutional adoption of bitcoin in recent years as well. Compared to BTC, most meme coins are inflationary with no maximum supply. Their ecosystem, use cases, and fundamentals are often defined by the collective jokes of the community. Only a few meme coins were built on the technology of major cryptocurrencies. For example, DOGE’s technology was derived from Litecoin (LTC), and SHIB was built on the Ethereum blockchain.  As the meme coin market continues to grow, you should be aware that there might be projects taking advantage of the hype to scam traders Another potential risk is that meme coins are heavily community-driven and are more speculative than the larger market capitalization cryptocurrencies. This volatility constantly leads to unexpected pump and dump. The lifecycle of meme coins is generally short-lived. Their prices can rocket thousands of times from celebrity shilling or FOMO, or crash unexpectedly when the community decides to move on to the next meme coin. As the meme coin market continues to grow, you should be aware that there might be projects taking advantage of the hype to scam traders. For example, Squid Game (SQUID), a meme coin inspired by the popular Netflix show of the same name, surged over 86,000% in a week. However, the development team rug-pulled suddenly and caused the price to plummet by 99%. What’s worse is that holders were not allowed to sell their SQUID tokens. Therefore, you should always be careful and DYOR before trading or investing in meme coins. An overview of the popular meme coins Leading the meme coin market with the highest market capitalization are Dogecoin (DOGE) and Shiba Inu (SHIB). After the success of DOGE and SHIB, a large number of dog-themed meme coins entered the market and gained traction within the second half of 2021. Dogecoin (DOGE) Dogecoin (DOGE) was created in 2013 by software engineers Billy Markus and Jackson Palmer. It was inspired by the meme of a Shiba Inu dog and was intended to be a joke cryptocurrency to attract mainstream attention. As a fork of Litecoin (LTC), DOGE adopts the same Proof of Work (POW) mechanism, and it has no maximum supply. For a more comprehensive overview of DOGE, check out What Is Dogecoin?. Shiba Inu (SHIB) Shiba Inus (SHIB) is the rival of DOGE and is often referred to as the “Dogecoin killer”. SHIB is also named after a Japanese dog breed. It was created by an anonymous developer named Ryoshi in August 2020. The main difference between DOGE and SHIB is that the latter has a limited supply of 1 quadrillion tokens, of which 50% were burnt and donated to charity. SHIB’s ecosystem also includes a decentralized exchange, an NFT art incubator, NFTs, and an NFT game. To learn more about SHIB and its ecosystem, check out What Is Shiba Inu (SHIB)?. Dogelon Mars (ELON) Dogelon Mars (ELON) closely follows the doggy duo in terms of popularity. As the name suggests, ELON is named after Tesla CEO Elon Musk and his passion for his company SpaceX. ELON is a fork of Dogecoin and has a circulating supply of 557 trillion tokens. As of November 2021, ELON has surged over 3,780% since its launch in April 2021. Akita Inu (AKITA) There are many other meme coins using Japanese dog breeds as their mascots, such as Akita Inu (AKITA), Kishu Inu (KISHU), and Floki Inu (FLOKI). AKITA was heavily inspired by DOGE. It was launched on Uniswap as an ERC-20 token in February 2021. Its tokenomics is very similar to SHIB. Like SHIB’s developer Ryoshi, the AKITA team locked 50% of its total supply on Uniswap, while the remaining 50% was sent to Ethereum co-founder Vitalik Buterin. However, AKITA only has a total supply of 100 trillion tokens, which is 1/10 of the total supply of SHIB. AKITA gained traction alongside its fellow doggy coins in May 2021 and is seen by some community members as another “Dogecoin killer”. Samoyedcoin (SAMO) Samoyedcoin (SAMO) is a dog meme coin project built on the Solana blockchain. At launch, 13% of SAMO supply was airdropped to members of the community. According to their website, SAMO roadmap includes burning events, airdrop tools, a decentralized exchange (DEX), and the creation of NFTs. Samoyedcoin recently gained popularity due to a sudden increase in price. SAMO grew over 4,300% within a month. In October 2021, the price went from $0.005 to over $0.22 in roughly 30 days. Read next: Solana (SOL) - Let's Have A Look At This Altcoin| FXMAG.COM Kishu Inu (KISHU) Kishu Inu (KISHU), another canine-themed meme coin, has grown exponentially since it launched in April 2021. KISHU includes participation rewards for active users, non-fungible tokens (NFTs), and a DEX called Kishu Swap. It has been growing in popularity and recorded over 100,000 holders and 2 billion dollars market capitalization within one month after its launch. SafeMoon (SAFEMOON) Another meme coin newcomer that capitalized on the rally was SafeMoon (SAFEMOON). It is a BEP-20 token launched on the Binance Smart Chain (BSC) in March 2021. SAFEMOON rewards long-term holders by penalizing those who sell the token with a 10% exit fee, of which half of the fees will be distributed to existing SAFEMOON holders, and the other half will be burnt. It attracted retail investors’ attention after it soared in April. As of November 2021, SAFEMOON has a 9418.54% ROI, according to CoinMarketCap. How to buy meme coins on Binance? You can buy the more popular meme coins, such as DOGE and SHIB, on cryptocurrency exchanges like Binance. For other less prominent meme coins, you can go to decentralized exchanges.  Let’s take DOGE as an example. 1. Log in to your Binance account. Then, head to [Trade] at the top bar to select the classic or advanced trading page. 2. On the right side of the screen, type “DOGE” on the search bar to see a list of the available trading pairs. We will use DOGE/BUSD as an example. Click “DOGE/BUSD” to open its trading page.   3. Scroll down to the [Spot] box and enter the amount of DOGE to purchase. You can select different order types to buy DOGE. We will use a Market order in this example. Click [Buy DOGE] to confirm the order, and you will see the DOGE you purchased in the Spot Wallet.   Closing thoughts With new meme coins entering the market every day and traders hoping to replicate the profits posted by DOGE and SHIB, it is important to DYOR before committing to any meme coins. Keep in mind that meme coins are highly volatile compared to other digital currencies. Trading or investing in cryptocurrencies involves high risk. Meme coins are largely community-driven and might crash unexpectedly, so you should never invest what you cannot afford to lose. Read next: Litecoin (LTC) Explained - The Way It Works, Terms Associated With LTC| FXMAG.COM

Powell's speech on Thursday night weighed on US markets and echoed on cryptocurrencies, leaving an emerging breakaway from a critical support line. Cryptos go down A decline in US stock indices added to the negative impact amid a speech by Fed Chairman Jerome Powell, who said he could aggressively tighten monetary policy at the May meeting. Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM Bitcoin has lost 2.3% to $40,700 in the past 24 hours. Ethereum is down 2.4%, while other leading altcoins in the top 10 are down 0.4% (Terra) to 4.7% (Polkadot). According to CoinMarketCap, total cryptocurrency market capitalisation fell 2.2% overnight to $1.88 trillion. Bitcoin's dominance index fell to 41.0% due to the first cryptocurrency's tight link to pressured stock markets. The cryptocurrency Fear and Greed Index fell 1 point to 26 on Friday, after three days at 27 points (fear). Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Investors’ record profit Earlier on Thursday, Bitcoin tested the highs of the past 11 days, around $43,000. During the day, BTCUSD crossed the 50-day average, which is often an indicator of a medium-term trend, but failed to close above it. Due to pressure on the stock market, the first cryptocurrency fractured into a bullish scenario with a breakaway from the support line and a trend reversal. However, it is too early to completely write off the strength of the bulls, while the first bitcoin manages to hold above support. Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM FxPro Analyst team emphasised that US crypto investors made a record profit of $46.9bn in 2021, followed by the UK with $8.1bn and Germany with $5.8bn. In Russia, investors earned $4.3bn. According to the Bank of Canada, most Canadians investing in bitcoin lack financial literacy. Meanwhile, more knowledgeable investors have little or no exposure to BTC.

SAND is sitting around a strong demand zone in green so we will be looking for buy setups on DAILY: SAND formed a valid symmetrical triangle but it is not ready to go yet. Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, SAND would be overall bearish and can still trade lower inside or even break the green demand downward. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM In this case, we will be looking for buy setups around the blue demand zone . Good luck! All Strategies Are Good; If Managed Properly! ~Rich

IMF calls for a uniform crypto regulatory framework globally. Germany is the ‘most crypto-friendly country,’ says a recent report. Oman plans to allow issuance of real estate tokens. APR 21, 2022 Key Takeaways On Tuesday, The International Monetary Fund (IMF) released its quarterly Global Financial Stability Report, in which it encouraged global policymakers to implement a uniform regulatory framework for crypto.  Germany surpassed Singapore as the most crypto-friendly country in the world in a recent report from Coincub that ranks 46 countries. The report looks into countries’ crypto acceptance based on a number of factors, including ICO status, fraud prevalence, and general availability. Oman’s virtual asset regulatory framework is set to include real estate tokenization, which will allow the issuance of virtual assets such as real estate tokens for the first time. The country aims to open up real estate opportunities for local and foreign investors.  Highlights Europe’s largest electronics retailer to install bitcoin ATMs Australia’s first spot bitcoin ETF to launch next week Major crypto exchanges in India disable fiat deposits amid regulatory uncertainty El Salvador’s bid for bitcoin bonds sinking as IMF deal ‘practically dead’ BoJ official says digital yen won’t be used to achieve negative interest rate Texas, Alabama securities regulators block sales of ‘metaverse’ casino NFTs Tencent nearing launch of Digital Yuan wallet-WeChat integration New Virginia law allows state-chartered banks to custody crypto EU crypto firms protest ‘alarming’ anti-money laundering laws Portuguese regulator grants first crypto licence to a bank Regulatory arm of UAE Financial Centre releases DeFi discussion paper Alleged Hydra administrator Dmitry Pavlov reportedly arrested in Russia Bitcoin miners to face tougher penalties in Iran if they operate illegally G20’s Latest Crypto Policies * G20 countries here do not include all but only selected member states. * G20 countries here do not include all but only selected member states. G20’s Regulatory Heatmap Data as of April 2022; Source: WhiteSight G20’s Crypto Taxation   Country / Region Classification Type of Tax Tax Rate Argentina Unspecified N.A. N.A. Australia Asset Progressive Income Tax, andProgressive Capital Gains Tax (CGT) 0-45% Brazil Asset Progressive CGT 15-22.5% Canada Asset Progressive Income Tax / CGT 15-33% China (Mainland) Virtual Commodity Progressive Income Tax(for international trading) 3-45% China (Hong Kong) Digital Asset N.A. N.A. France Movable Asset Income Tax Occasional traders – Flat Tax of 30%Professional traders – BIC tax of 45%Crypto miners – BNC Tax of 45%(Effective from 2023) Germany Private Asset Income Tax 0-45% India Digital AssetFinancial Service CGTIncome TaxGoods & Services Tax (GST)Tax Deducted at Source (TDS) CGT: 30%Income tax: 30%GST: 18%TDS: 1% (from 1 July 2022) Indonesia Digital Asset CGTValue-added Tax (VAT) CGT: 0.1% (from 1 May 2022)VAT: 0.1% (from 1 May 2022) Italy Others Unspecified Unregulated Japan Property Miscellaneous Income Tax Under JPY 200K: 0%Residents: 5-55%Non-residents: Flat 20% Portugal Unspecified N.A. N.A. South Korea Property CGT 20% (Effective from 2023) Spain Assets Income Saving Tax Below EUR 50,000: 0%Otherwise: 19-26% Mexico Virtual Asset Income Tax UnregulatedResidents: 30% Netherlands Asset Wealth Tax Below EUR 50,000: 0%Otherwise: 31% Russia Unspecified N.A. N.A. Saudi Arabia Unspecified Unspecified Unregulated South Africa Asset Income Tax 18-45% Turkey Commodity Income Tax 15-40% U.K. Crypto Asset Corporation TaxIndividual Tax Corporations: 19%Individuals: 0-45% U.S. Property Short-Term / Long-Term Tax Short-Term: 10-37%Long-Term: 0-20%   * G20 countries here do not include all EU members, but selected ones only To view a full picture of G20’s cryptocurrency policies, please subscribe to Crypto.com Research’s Weekly Regulatory Update on Substack.Disclaimer: The information provided in this newsletter is for general informational purposes only. It is not intended to constitute legal or other professional advice in any way whatsoever. All information in the newsletter is provided in good faith. However, we have not verified the information independently and make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information in the newsletter. Views and opinions expressed do not necessarily reflect the view of Crypto.com or any of its officials. The information provided herein should not be relied on or treated as a substitute for professional advice. Source: crypto.com

Axie Infinity teases early land gameplay and is set to release Season 21 on 25 April. The Sandbox Game raises another US$400M and Snoop Dogg creates a music video entirely in the Sandbox Metaverse. Move-to-Earn game STEPN continues its momentum with Twitter follower count surging over 43% over 3 weeks to 295K. APR 22, 2022 Key Takeaways Axie Infinity’s Season 21 is expected to launch on 25 April. Origin Alpha is currently available for download on their site. Axie also teased early land gameplay in this post with harvesting, producing and crafting features. The next Origin patch will have 75 balancing changes which can be found here. Minecraft-styled metaverse game, SandBox, is set to raise US$400M of fresh funds. Rapper Snoop Dogg’s new song titled “House I Built” filmed entirely within the Sandbox Metaverse reaches 2.5M views. Move-to-Earn game STEPN released its Epic sneaker category. The game continues its momentum with Twitter follower count surging 43% over three weeks to 295K. The total market cap for GameFi tokens now stands at US$46.61B. Highlights Framework Ventures allocates half of US$400M fund to Web3 gaming Jon Goldman targets VR gaming and the Metaverse with a US$50M venture fund Korean Metaverse startup DoubleMe raises US$25M backed by Samsung Blockchain games are leading the DApp industry, says latest DappRadar report Game studio Blizzard is polling players about Crypto and NFTs Square Enix insists on integrating blockchain elements into its games Rainmaker Games launches first blockchain gaming discovery platform Game Updates AbsolutLand is open in Decentraland!  DeFi Kingdoms – New training quests in Serendale Illuvium Universe Land Sale Pegaxy Fusion update Pegaxy launches mobile app for select gamers Sorare expands with an 11th league CryptoBlades releases dynamic minting and transition details Top Gainers and Losers   Price Change (%) Infrastructure Games Guilds Top Gainers IMX (+5.85%)DAWN (+1.57%) GMT (+40.09%)ALICE (+3.89%)POLIS (+2.5%) UNIX (+1.1%) Top Losers MBOX (-9.08%)ENJ (-4.28%)GALA (-3.67%) ATLAS (-7.63%)MANA (-3.57%)AXS (-3.06%) AGV (-24.09%)GGG (-13.03%)YGG (-9.24%)       *Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV Top Games Metrics     Top 15 Largest Tokens by Market Cap     Daily Gamers by Blockchain Source: crypto.com

Shiba Inu price sees losses being paired back instantly. SHIB price overall in a wedge that looks set to break to the upside. Although still some way off, catalyst events over the weekend could trigger a preemptive breakout. Shiba Inu (SHIB) price slipped in late trading hours on Thursday after earnings shook the markets. Instead of seeing a continuation to the downside, bulls have already pared back most of the incurred losses and are back on track to test the sloping side of a wedge pattern. Add to that the fact that there is a catalyst event this weekend with the French elections, where Macron is set to win according to the polls, and price action is set to pop in favour of bulls. SHIB price set to shift to the upside over the weekend Shiba Inu price is under the pressure of the red descending trendline that kicked in on April 13. Since then, it has withstood two tests followed by a rejection to the downside. But looking from the downside, the green ascending trend line that for now only holds one test is squeezing buyers and sellers towards each other with lower highs and higher lows. SHIB price is thus in the process of an explosive cocktail once buyers and sellers are so close to one another that a simple catalyst is enough to set a spark to SHIB price to either make a big pop or nose dive move. The biggest known catalyst is the French election over the weekend, where Macron is gaining further in the polls and deepening his lead. Assuming he wins, expect to see a sigh of relief on Monday, helping cryptocurrencies to thrive in a risk-on background, where SHIB price is set to pop above $0.00002550 towards $0.00002800, returning 15% of value to your portfolio. SHIB/USD 4H-chart As with any catalyst, the predicted outcome can always surprise in the opposite direction. The French elections could send a shock through the whole political equilibrium of Europe if a far-right president was elected. In such a scenario, expect to see a drop in the euro, feeding dollar strength and, in its turn, a spillover into cryptocurrencies with downward pressure as a result. SHIB price would then drop to $0.00002350 and possibly slip below $0.00002250.  

Summary: Market sentiment and current market conditions remain main drivers in the prices of crypto currencies. TRON (TRX) planning a decentralized stablecoin. Polygon USD Along with most other cryptocurrencies in the market, the price of MATIC has fallen over the course of today. Market sentiment, current market and economic conditions along with the ECBs intention to regulate the crypto market are all factors currently affecting the price of cryptocurrencies. Polygon USD Price Chart Related article: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today| FXMAG.COM Cryptocoin.com (CRO USD) Crypto coin price is following the same trends as the rest of the crypto market by reflecting losses in its price overall today. The crypto market has weak investor confidence in general due to the lack of regulations attached to these coins, we hope to see more stability and more long term investors going forward inlight of the ECBs intention to regulate this market. Cryptocoin.com Price Chart Tron Coin plans a decentralized stable coin. Tron is a blaock-chain based decentralized trading platform with its own cryptocurrency. Whilst most other cryptos fell in price today, Tron's price saw a rise in the first half of the trading day,the price rise came amidst the coin's plans for a decentralized stablecoin. However, overall the price has fallen by almost 6,5%. Read next: Gold Price Forecast: XAUUSD recovers from intra-day dip under $1930, but still pressured as yields/USD rise| FXMAG.COM  Tron USD Price Chart Sources: Finance.yahoo.com, coinmarketcap.com

Dear KuCoin Users, After years of accumulation and developments dedicated to providing an exceptional trading experience for cryptocurrency traders and NFT assets investors, we are proud to introduce a new interactive NFT launching platform designed for crypto games and traditional games - KuCoin IGO (Initial Gaming Offering). Crypto Elite's BATTLEGROUNDS (CEBG) Genesis Mystery Box, will be launched at 11:30am on April 25, 2022(UTC). Check out what is the latest KuCoin IGO Project CEBG and how does the P2E features work? CEBG Genesis Mystery Box Terms: Total CEBG NFTs: 8,000 Mystery Boxes IGO Period: 2022/04/25 11:30am - 2022/04/30 12:00pm (UTC)   Time Price Items Available Purchase Limit CEBG Genesis Mystery Box Whitelist Round 2022.4.25 11：30am 100 USDT 500 10 NFTs per UID CEBG Genesis Mystery Box Round 1 2022.4.25 12：00pm 100 USDT 1,000 4 NFTs per UID CEBG Genesis Mystery Box Round 2 2022.4.27 12：00pm 120 USDT 2,500 6 NFTs per UID CEBG Genesis Mystery Box Round 3 2022.4.29 12：00pm 150 USDT 4,000 - *(web-access preferred) What is KuCoin IGO? KuCoin IGO provides a seamless centralized experience for users to purchase, invest and manage their unique NFTs. Like cryptocurrency trading, IGO allows users to directly purchase NFTs and withdraw to their external address with minimum delay, and there is no gas fee for NFTs purchase and NFTs withdrawal. As our IGO partners, KuCoin IGO provides three different approaches to launch your In-Game items via flat rate sales, auctions, or mystery boxes. IGOs can be conducted over several rounds, offering a different number of assets each round with a tiered price structure. What is CEBG? CEBG is an online multiplayer battle royale game with an anime aesthetic. In the game, players land in the war zone, search for guns, and fight each other for precious resources. The game was inspired by PUBG. EACH TIME, ONLY ONE SURVIVES… In the past 2 months, CEBG invited more than 200 guilds and KOLs to test CEBG, 95% of players responded with a "Strong desire to continue playing” after their alpha trial. CEBG designs a model around co-creation & user acquisition: Co-creation by players; User acquisition provides an easy transition from web 2.0 to 3.0. CEBG is a gateway to a GameFi Studio: With a large user foundation; unique NFT; UGC tools for 3rd developers and players, to build a Web3.0 Game Studio, truly created by its players. What is Genesis Mystery Box? Open the Genesis Mystery Box for a CEBG Genesis NFT and NFT gift pack! Opening the Genesis Mystery Box will give you 100% access to a random Genesis Hero NFT. The Genesis Hero NFT is the key to unlocking CEBG's Play To Earn mode - by fighting with the Hero NFT, players will be rewarded with a steady stream of tokens. With a Genesis Hero NFT, you will additionally receive. Priority to access to CEBG future WHITELIST campaign Token AirDrop Early access to all games developed by CEBG Studio Limited edition skin NFT Distinguished Genesis logo More to come Opening the Mystery Box will give you an additional 30% chance of getting a bonus Weapon NFT and Chip NFT in addition to theGenesis Hero NFT. All these extra NFTs gained will enable players to boost their Play To Earn earnings. It allows players to have stronger battles, flashier skills and higher fun in the game. CEBG NFTs have 3 unique traits-- Modifiable, reproducible and certified，it can be used as identity verification. These qualities can support players' social and UGC needs, motivate players to recommend CEBG games and invite their friends to play together, improving user retention while growing a consistent userbase. All NFTs can be interoperable within the series of future games in the GameFi Studio, as an identification. Find CEBG: Websites: https://www.cebg.games/ Telegram: https://t.me/CEBG_official Discord: https://discord.com/invite/8dWX6jpcME Twitter: https://twitter.com/CEBG_GAME Notes: In order to open the mystery box, users must withdraw their mystery boxes to the CEBG official website ; To participate in the IGO, please make sure you have a sufficient amount of USDT in your KuCoin Trading Account; The user hereby confirms that participation in the activity is voluntary, and KuCoin Group has not forced, interfered, or influenced the user's decision in any form; The users from Mainland China are not supported in the IGO. Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses. Find the Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>

Bitcoin declined by 2.3% over the past week, ending it at around $39.5K. Ethereum lost 3.9%, while other leading altcoins in the top 10 fell from 2.2% (Solana) to 10.5% (XRP). The exception was Terra (+12.9%). On Monday, the pressure on cryptocurrencies continued, taking another 1.3% off bitcoin to 38.9k, sending it to test March lows. The bitcoin dominance index rose 0.2% to 41.2% over the same period. Total crypto market capitalisation, according to CoinMarketCap, changed little over the week, remaining at 1.8 trillion, as a wave of buying in the first half of the week turned into a strong sell-off in the second. The bitcoin dominance index rose 0.2% to 41.2% over the same period. Read next (by FXPro): What Moves Forex Rates? Strong US Dollar Affects British Pound (GBP), Japanese Yen (JPY) And CNH | FXMAG.COM Crypto Fear and Greed Index rose from 24 to 27 and returned to its starting point during the week. By Monday, the index had lost another point to 23, remaining in the extreme fear territory. Bitcoin has declined for the third consecutive week, along with stock indices. BTC tried to rise, renewing its highs in a week and a half, around $43,000. Thursday and Friday saw a sharp pullback along with the stock market, and bitcoin fell below the circular $40,000 level. Changpeng Zhao, the Binance's chief executive, said the adoption of cryptocurrencies would rise as geopolitical tensions escalate and the use of the dollar as a sanctions tool grows. He believes the US will lose out to the rest of the world if it continues to suppress bitcoin. Read next (by FXPro): Want To Exchange 100 GBP To USD? GBP/USD Below 1.3000! (GBP) British Pound Weakens! GBP To USD - 17-Months-Low! | FXMAG.COM A group of US congressmen have spoken out against mining cryptocurrencies using the environmentally damaging Proof-of-Work (PoW) consensus algorithm. They said that cryptocurrencies of particular concern are BTC, ETH, XMR and ZEC. The EU has discussed banning BTC trading because of its energy and environmental impact. Bitcoin's energy consumption continues to increase and is attracting the attention of environmental organisations and regulators.

Summary: What is meant by decentralization and smart contracts. What is the Kishu Inu coin and why is it becoming so popular? The future of Kishu Inu looks bright. Other advantages of the coin. When users make a Kishu transaction, they receive a 2% reward in a decentralized wallet, thus, the more KISHU is used, the more rewards are granted to its users. The Kishu Inu Coin, represented by the token symbol: $Kishu, is a decentralized meme-coin that is community-focused, active users of the coin receive instant rewards. When users make a Kishu transaction, they receive a 2% reward in a decentralized wallet, thus, the more KISHU is used, the more rewards are granted to its users. The main difference between Kishu Inu and its comparable coins is that it is community-owned, the developers do not reserve coins for the team, but instead rely on donations. In addition, the community makes all the decisions. Read next: Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar) | FXMAG.COM A decentralized network is beneficial to all parties involved in the transaction, as it nullifies the need for trust and authority to take part in transactions With decentralization the transfer of control and decision making is taken from a centralized entity (organization, individual or group) and given to a distributed network. A decentralized network is beneficial to all parties involved in the transaction, as it nullifies the need for trust and authority to take part in transactions. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors The $KISHU coin’s smart contract has been audited and its LP (liquidity pool) tokens have been burnt. Smart contracts are digital contracts which are stored on a blockchain, when predetermined terms and conditions are met, the programs are executed. They are beneficial as they leave little to chance. In addition, they automate the execution of agreements so all parties can be sure of the outcome, they also eliminate the need for an intermediary. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors. Originally the creation of the Kishu Inu coin was inspired by Dogecoin (DOGE), it is a meme cryptocurrency, meaning the coin is associated with a joke. However, Kishu Inu hopes to break that stigma and turn their coin into a serious cryptocurrency by taking meme coins to another level. Read next: Altcoins: (BNB) Binance Coin Jumps On The EU Sanction Bandwagon The chart below shows the price of the $KISHU token over the past 2 months or so, it shows a bearish trend overall. In the past 24 hours the value of the coin has fallen by around 8,7%, the coinmarketcap ranking is #2943. The Future: KISHU, as of now the coin is almost similar to the Dogecoin and Shiba Inu tokens. The coin also has an impressive market cap of around 2 Billion, and over 100k coin holders right now. There are some strong indicators that can indicate a jump in price over the next few years, such as the introduction of a new dog stream coin. According to some sources the price of the coin is expected to jump hugely by the end of the year, and possibly continue to increase until 2026. It is probably a good coin to watch going forward. There are many other advantages to investing in this coin, the set up of the coin is very interesting. Some of these other advantages not mentioned above include: The coin can be transferred through an inter-wallet wallet transfer across international borders, this inter-wallet charges much lower transaction fees than traditional banking would. Profit without trading is ensured by the advantage of adding coin earnings to their online wallet through staking of KISHU. KISHU holders are able to provide loans to other users on the network, the lenders will receive interest after the debt is paid. The transaction time can be completed within minutes. Read next: Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar) Sources: Kishu.com, amazon.com, coinmarketcap.com, uptobrain.com Chart: Tradingview.com

Table of Contents: What Is CoolMining? What is the COOHA and COOGA token and what is it used for? How Does CoolMining Work? Who Are the Founders of CoolMining? What Makes CoolMining Unique? Who Are the Partners of CoolMining? Closing Thoughts In 2008, Satoshi Nakamoto published the Bitcoin white paper, which would go a long way in developing the now-famous protocol that has established the cryptocurrency ecosystem. The vision of Satoshi Nakamoto was for Bitcoin to become a peer-to-peer Electronic Cash System. The Bitcoin white paper shows this vision of electronic cash and how it will allow online payments to be sent and received in a peer-to-peer framework without any form of trust or the involvement of middlemen. Read next (by KuCoin): What Is CEBG? CRYPTO ELITE‘S BATTLEGROUNDS (CEBG) is Now Available on KuCoin IGO Platform! Limited Sale of 8,000 Genesis NFTs What Is KuCoin IGO? | FXMAG.COM A little while later, Satoshi Nakamoto released an update to the Bitcoin white paper, including the Bitcoin mining concept. Mining requires hash power, and providing this hash power to publish blocks on the blockchain takes up computational resources, which can be referred to as a form of work. Hence, Bitcoin is a proof-of-work blockchain. However, as the bitcoin network expands so too does the hash rate output requirement increase. For this reason, CoolMining is filling the gap with a platform that allows small-time miners to contribute hash power in an on-chain mining simulation game to generate BTC rewards. This form of mining is a gamified form of mining on the Bitcoin network that boosts hash power output while making the entire process engaging and rewarding. Watch the COOHA Deep Dive Video and Subscribe to the KuCoin YouTube channel:  What Is CoolMining? CoolMining is an on-chain mining simulation game that will enable small-time miners to have an authentic mining experience. However, all the complex operations and the setting up of sophisticated machinery will be removed.   CoolMining has decided to turn mining into an enjoyable blockchain-based game where every participant can be a miner in the game and earn BTC rewards by contributing to the overall hash power. By turning Bitcoin mining into a gamified process, the players can participate in a comfortable environment and engage their imagination to create rare mining rigs. This is a next-level idea in making money and gaming. CoolMining is an Ethereum-based project. Read next (by KuCoin): DeFi For Everyone! Hawksight - What Is It? (HAWK) Explained. Crypto Projects In Eyes Of Kucoin| FXMAG.COM What is the COOHA and COOGA token and what is it used for? CoolHash (COOHA) The CoolMining ecosystem has two tokens. The first is CoolHash (COOHA), an ERC 20 token representing real-world hash power. Every COOHA token is equivalent to 0.01 TH/s hash rate. This token is also the native governance token of the CoolMining decentralized autonomous organization (DAO). There are 10 million COOHA tokens that will be in existence and will be distributed in phase one of the project. The 10 million COOHA tokens are equivalent to 100 PH/s real-world hash rate. As time continues, more COOHA tokens will be minted as real-world hash power participates in the CoolMining gamified Bitcoin mining process. CoolGas (COOGA) CoolMining is also a dual token-based ecosystem. The other token is CoolGas (COOGA), which is also an ERC 20 token that works as that utility token of the CoolMining gamify ecosystem. The COOGA token is unlimited in supply and is the mining reward token that the community is paid when they mine blocks. Miners use COOGA tokens as the mining rigs to operate, and afterward, they get BTC rewards and COOGA tokens as mining rewards. The COOGA and COOHA tokens have different contract addresses. Read next (by KuCoin): KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!| FXMAG.COM The mining host (CoolMining) will receive a portion of the COOGA token paid by the miners as custodial fees. This is how CoolMining makes part of its revenues. The COOHA token economics are simple and reasonably understandable. 50% will be released in a liquidity launch, while the Treasury will remain with 30%. Gamify bonus will be located 10%, while 5% of the tokens will be distributed through community events, and the other 5% will be linearly weighted after one year. This 5% belongs to the initial investors. How Does CoolMining Work? The miners exist as Cool miner NFTs and the players can either mint a Cool miner NFT or Cool part NFT. Alternatively, they can purchase already minted miners on the Cool mart. The CoolMining NFTs are Customizable NFTs that will be distributed in the form of mystery boxes via the CoolMining official website. Players in the CoolMining ecosystem can build their mining rigs by buying different Cool part NFTs that have different capabilities. The Cool part NFTs will be available in four types. Every type of Cool part NFT will assign different attributes to a Cool miner NFT. Some of the parts include the hash board, which determines the hash rate of a miner, the control board, which dictates the reward bonus of a miner; the Power Supply Unit that shows the COOGA consumption level of a miner; and a cooling system which determines the claim fee for the miner when they are redeeming rewards. The Cool miner NFT is an ERC721 token that is unique for every miner. For a player to mint a Cool miner NFT, they need at least one (1) hash board and at most four (4) non-duplicated components of the cool part NFTs. The Cool miner NFT is an ERC721 token that is unique for every miner. It is built by combining different Cool part NFTs. The performance of these miners is determined by the attributes and the level of rarity of the Cool part NFTs that make up the miner. Players will customize their miners by buying Cool part NFTs and minting or by purchasing already minted miners on the Cool mart. Who Are the Founders of CoolMining? The team behind the CoolMining project has chosen to remain mostly anonymous. However, the CoolMining community is vastly active on Twitter, where they have a following of over 11,000 members less than one month after launching the project. This shows the team is committed to delivering and walking with their community until they have achieved the full vision. The project's roadmap is quite extensive and involves a lot of technical advancements, including smart contracts and the launch of the mining game. CoolMining also plans to go multi-chain later in 2022 and launch on multiple chains to harness the KCCGameFi and others. Certik has audited the smart contract code for the CoolMining game to ensure that it is up to standard and is free from vulnerabilities. Who Are the Partners of CoolMining? The partners of the CoolMining project are well-known DeFi and GameFi leaders in the blockchain space. MojitoSwap is a KCC-based decentralized exchange (DEX) that recently announced a partnership with CoolMining. As of February 17, 2022, MojitoSwap launched CoolMining as the first project on its launch pad. The launch was successful, and CoolMining is now listed on the MojitoSwap DEX. On the KCC chain. By extension, the CoolMining project is partnered with the KCC blockchain and the KuCoin pool. Also, since CoolMining is a BTC mining project, they have partnered with Bitmain, one of the world's largest mining rig manufacturing companies. Read next (by KuCoin): VisionGame (VISION) Gets Listed on KuCoin! World Premiere!| FXMAG.COM These are just some of the partners that CoolMining has. At their rate of development, more partners will come in the future. What Makes CoolMining Unique? CoolMining is unique because of its out-of-the-box thinking regarding Bitcoin mining, fused with gameplay. This approach to mining will overturn the common perception that mining is a tedious and monotonous process. On top of this, the COOHA token can be staked to earn BTC rewards. The total BTC rewards are calculated based on real-world total hash rate, and players can claim their share of these BTC rewards at any time. The actual hash power provided by CoolMining Treasury is the cornerstone of the CoolMining project. This hash power unites real-world mining organizations, including mining rig manufacturers, public listed companies, and mining pools, to the CoolMining project. CoolMining provides players with a stable hash power supply, ensuring that the basic or the BTC rewards are secured for the players. The hash power will increase in the future as CoolMining gains more popularity. Closing Thoughts CoolMining is changing the face of mining. While they have chosen to focus on Bitcoin, there is no predicting in which direction they could expand. There are several other PoW chains that Coolhash could incorporate, especially since they plan to go multi-chain by the end of Q2 2022. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin

Bitcoin has fallen by more than $ 4,000 in recent days, thus increasing the range from 29 March 2022 depreciation to over 9,000 US dollars. However, it is worth noting that the BTC rate from 11 April this year moved in the horizontal trend. Therefore, the critical factor here may be that it is a correction pattern from which the market statistically breaks more frequently in the direction consistent with the previous move. It is increasingly likely that Bitcoin may soon fall below the $ 39,000 currently tested support Considering the earlier drops, we observed in the first half of April this year. It is increasingly likely that Bitcoin may soon fall below the $ 39,000 currently tested support, which would drive it further to below $ 37,000 or further toward $ 35,000. Read next: Weekly Crypto Market Analysis With Geco.one - 19.04.2022 | FXMAG.COM At this point, we cannot forget about the robust correlation that occurs in the broad cryptocurrency market, of which Bitcoin is a kind of helmsman. An apparent decline in BTC may significantly contribute to the sell-off of the vast majority of altcoins. The exchange rate of ETH has recently dropped by nearly $ 750, which is almost 21 % The current situation on the Ethereum quotes is also very interesting. The exchange rate of this cryptocurrency has recently dropped by nearly $ 750, which is almost 21 %. The declines that have lasted for several days caused the ETH rate to break down from the price that has been held since 11 April this year. Consolidation is headed straight towards $ 2,800, where the upward trend is located. Read next: Crypto Update – BTCUSD, ETHUSD, BCHUSD – 04/04/22| FXMAG.COM However, if this support is also defeated, it will be necessary to prepare for further depreciation of Ethereum, even towards $ 2,500. It is only there that there is another significant support in the vicinity of which we could expect the emergence of greater demand response. Solana (SOL) - price of this cryptocurrency remains in a horizontal trend between technical support of $ 98 and resistance in the region of $ 109 Looking at Solana’s quotations, we notice that after declines of over 31 % that we could observe from 11 April this year the price of this cryptocurrency remains in a horizontal trend between technical support of $ 98 and resistance in the region of $ 109. Given that this is a form of correction after an earlier downward move, similar to BTC, there is also a statistically higher probability that the market will break the bottom. If this happens, the SOL rate could soon slide even towards the March lows, i.e. below $ 80. Suppose there is no major demand reaction anytime soon that could negate the morning drops, and the breakout will be confirmed by closing the daily candle below $ 1.33 The current situation on Polygon's trading is also very similar. It is noteworthy that the Matic exchange rate breaks down on Monday morning from the 11 April consolidation. Related article: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM Suppose there is no major demand reaction anytime soon that could negate the morning drops, and the breakout will be confirmed by closing the daily candle below $ 1.33. In that case, the rate of this cryptocurrency could fall towards further support around $ 1.22, respectively and a further $ 1.02. XRP has slipped below technical support of $ 0.70 and is currently at its lowest level since February We could also expect further declines in the XRP quotations. The exchange rate of this cryptocurrency has dropped by over 19% over the past few days, increasing the range of the ongoing from 28 March this year's depreciation to over 29% today. As a result of such a significant sell-off, XRP has slipped below technical support of $ 0.70 and is currently at its lowest level since February. If this trend continues, we could soon see the XRP rate drop close to $ 0.59 where another critical support is located. Start your Crypto trading adventure with https://app.geco.one

EOS is sitting around a strong support so we will be looking for buy setups on DAILY: EOS is forming an inverse head and shoulders but it is not ready to go yet. Long-Term Trigger => Waiting for a momentum candle close above the gray neckline to buy. Meanwhile, until the buy is activated, EOS would be overall bearish and can still trade lower inside the orange channel. For the bulls to take over from a medium-term perspective, we need a break above the orange channel which would also act as a trend continuation setup.   Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM   Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Doge made a solid run higher yesterday after the Twitter board accepted Elon Musk’s buy out deal. The deal is reported at $54.20 per share, which is valued at around $44 billion USD. We can see the break of the downtrend on the 16th of March... Doge buyers jumped back into the crypto, adding just over 29% to yesterday’s high. This bar maintains the new uptrend that we’re watching after a new higher low was also formed. We can see the break of the downtrend on the 16th of March. Read next: Eightcap - Crypto Focus: Another Choppy Week on the Markets | FXMAG.COM With this week’s surge and HL we will continue to look at a trend continuation pattern, but the stopping point remains at 0.17 cents. This level has been and continues to be a critical level of resistance. The last time buyers made a close above this level was back in January. For the trend to continue, we need to see buyers break this resistance to show that we really do have an uptrend underway. If this level can’t be beaten, we will be looking for the range to continue unless we see a new move back down to 0.1312 support. Dogecoin D1 Chart The post Crypto News: DOGE soars after Twitter news, but can it continue? appeared first on Eightcap. Read next: Eightcap - CFD News: ASX200 returns to a key supply area | FXMAG.COM  

Bitcoin has gained 4.1% in the past 24 hours, reaching $40.6K. Ethereum rose even more strongly, up 5.3% to $3000. Other altcoins from the top 10 rose from 2.5% (XRP) to 25% (Dogecoin). The total capitalisation of the crypto market, according to CoinMarketCap, increased 3.9% overnight to $1.87 trillion. The Bitcoin Dominance Index added another 0.1 percentage point, to 41.3%. Bitcoin updated to mid-March lows around $38,200 in the first half of Monday The cryptocurrency Fear and Greed Index rose 4 points to 27 by Tuesday and moved into "fear" status. Bitcoin updated to mid-March lows around $38,200 in the first half of Monday. BTC subsequently rebounded and strengthened gains in the US session along with the reversal of US stock indices. Read next: Gold Transformed! Gold Price (XAUUSD): From Haven To Anti-Dollar (USD) | FXMAG.COM Dogecoin soared 25% and returned to the top 10 cryptocurrencies on the back of news of Twitter's purchase of the social network by Elon Musk. DOGE is Musk's favourite coin for payments, and the Tesla founder has previously indicated that he intends to have it used as payment for purchases on Twitter. Billy Markus : new opportunities for holders of this cryptocurrency and strengthen DOGE's position in the ecosystem. The bitcoin buying strategy has proved highly successful, MicroStrategy CEO Michael Saylor said. As of April 14, MicroStrategy remains the largest publicly traded company in terms of bitcoin investments, with assets of 129,200 BTC purchased for $3.97 billion at an average price of $30,700, MicroStrategy noted in its 2021 annual financial report. Read next: A Rocketship! Greenback Has Become A TGV! US Dollar (USD) - How High DXY Can Jump? | FXMAG.COM Hedge fund SkyBridge Capital, founded by former US politician Anthony Scaramucci, plans to move most of its assets under management into cryptocurrency as it sees the prospect of "huge" growth in the sector. The Central African Republic has become the first country in Africa to recognise bitcoin as a legitimate means of payment. Sang Lee, co-founder of cryptocurrency financial services provider VegaX Holdings, said that institutions dealing with traditional finance and banks have already fallen far behind due to the rapid development of the crypto industry.

TL;DR Yield Guild Games (YGG) is a gaming guild focused on blockchain play-to-earn games. It’s a community that invests in NFT assets and connects blockchain gamers around the world. Their goal is to build a network of players and investors who help each other get started and grow in the NFT gaming space. Introduction Since the success of Axie Infinity, the space of play-to-earn (P2E) blockchain games has been growing rapidly. While the P2E trend has attracted millions of people around the world, gaming NFTs are not affordable for many players, especially in developing countries. Yield Guild Games is building a P2E community and offering a solution to these players, so they can get started with NFT gaming. Learn more on Binance.com What is Yield Guild Games (YGG)? Yield Guild Games (YGG) is a Decentralized Autonomous Organization (DAO) that invests in non-fungible tokens (NFTs) used in blockchain games. These games are part of a broader concept known as the metaverse. The term metaverse refers to the many elements of blockchain-based digital worlds, including digital land, digital assets, and more. Read next: Binance Academy: Meme Coins - What Are They? Dogelon Mars (ELON), Dogecoin (DOGE), Shiba Inu (SHIB), SafeMoon (SAFEMOON), Kishu Inu (KISHU) And AKITA| FXMAG.COM The idea of creating a global play-to-earn gaming community arose in 2018. Gabby Dizon, the YGG co-founder and CEO, noticed that blockchain gaming was trending in Southeast Asia. At that time, many gamers were looking to get started in the popular NFT game Axie Infinity, but they lacked the money to buy the in-game NFT characters called Axies. Understanding that blockchain gaming can be an empowering tool for those living in developing countries, Dizon started lending his Axies to other players who couldn’t afford to buy their own. This inspired him to co-found Yield Guild Games with Beryl Li in 2020 to help gamers thrive in the world of NFTs and blockchain gaming. How does Yield Guild Games work? Yield Guild Games combines Decentralized Finance (DeFi) and NFTs to create a metaverse economy on the Ethereum blockchain. The YGG DAO is an open-source protocol with rules enforced by smart contracts. It serves many different purposes, such as carrying out governance decisions voted by the community, issuing rewards, and facilitating NFT rentals. YGG is made up of multiple SubDAOs, which consist of groups of players from a specific NFT game or geographical location. Each SubDAO has its own set of rules to manage the activity and assets of the respective play-to-earn game. Read next: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM This model allows players of the same NFT game to work together to maximize their in-game profits. It also enables guild members to rent and use the community-owned NFT assets to earn in-game rewards. In return, those that lend their NFTs via the DAO can share a portion of the gamers’ earnings. On YGG, all NFTs and digital assets are stored within the YGG Treasury, which is controlled by the community. The treasure provides the NFTs to each SubDAO, and it includes P2E assets from multiple blockchain games. YGG Scholarships To maximize the value and utility of gaming NFTs, the YGG DAO uses an NFT rental program known as scholarships. The idea was initially introduced by the Axie Infinity community to benefit both NFT owners and play-to-earn gamers.  In Axie Infinity, Axie owners can lend their gaming assets to help new players get started in return for a percentage of their in-game rewards. The process is done through blockchain smart contracts in a way that scholars can only use the NFTs in-game. Only the manager (owner) can trade or transfer the NFTs. Similarly, YGG provides scholarships to new players under a revenue-sharing model, where they can get NFT assets to start playing and earn in-game rewards. The scholars don’t need to invest any money upfront, but they share a portion of their earnings with their managers. Apart from NFTs, new players will also receive training and guidance from community managers. YGG scholarships are not limited to NFTs in Axie Infinity. The YGG Treasury also owns virtual lands in The Sandbox and League of Kingdoms, virtual cars in F1 Delta Time, among other play-to-earn games.  SubDAOs As mentioned, the YGG DAO is primarily composed of SubDAOs. You can think of SubDAOs as localized communities within the main YGG DAO. These local communities consist of players from a specific P2E game or location. For example, there is a SubDAO dedicated to Axie Infinity players, a SubDAO for The Sandbox players, another SubDAO for Southeast Asian players, and so on. By grouping players into different SubDAOs, they can discuss gaming strategies and help each other maximize performance. Read next: (APE) ApeCoin - What Is It? BAYC, MAYC And BAKC Explained| FXMAG.COM Each SubDAO manages its respective game’s activities and assets under its own set of rules and conditions, but they still contribute earnings to the YGG DAO. In a SubDAO, there is a community lead, a wallet, and a SubDAO token. Token holders can share the yields generated from the gameplay based on their contributions. They also get to make suggestions and vote on governance decisions related to the SubDAO, such as whether to purchase more in-game NFTs, or how to manage their assets. What is the YGG token? Yield Guild Games (YGG) is an ERC-20 token that gives holders the right to participate in the governance of the YGG DAO. It has a total supply of 1 billion tokens, and 25 million YGG was sold via an Initial DEX Offering (IDO) on SushiSwap in 2021. To support the community, YGG has set aside 45% of the total supply to be distributed to users gradually over four years.  As the platform’s native token, YGG is used to pay for services on the network. It can also be staked to earn rewards in the YGG vaults or used to unlock exclusive content on the YGG Discord channel. In addition, YGG holders can submit proposals and vote on decisions regarding the guild’s technology, products, projects, token distribution, and overall governance structure. The winning suggestions that eventually get implemented on the DAO will be rewarded YGG tokens. YGG Vault The YGG DAO adopts a different approach to yield farming than most DeFi staking platforms. Typically, tokens are staked to earn fixed-rate interest. On YGG, each vault represents a token reward program for a specific activity that YGG operates. For example, one vault may provide yields based on the performance of a scholarship program, while another vault rewards stakers based on the Axie breeding program. YGG also plans to develop an all-in-one super index vault that represents all yield-generating activities in its ecosystem. This vault will reward stakers based on the guild’s revenue from subscriptions, merchandise, rentals, treasury growth, and SubDAO index performance. Token holders can stake for the activity they support, and rewards will be distributed proportionally to the amount of YGG they stake via smart contracts. Depending on how the vault is programmed, rewards might also include YGG tokens, Ether (ETH), or stablecoins.  How to buy YGG on Binance? You can buy Yield Guild Games (YGG) on cryptocurrency exchanges like Binance.  Log in to your Binance account and click [Trade]. Select either the classic or advanced trading mode to start. Click on [BTC/USDT] to open the search bar and type “YGG” to see the available trading pairs. We will use YGG/BUSD as an example. Go to the [Spot] box on the right and enter the amount of YGG to buy. In this example, we will use a Market order. Click [Buy YGG] to confirm your order, and the purchased YGG will be credited to your Spot Wallet.   Closing thoughts Through a unique revenue-sharing model, YGG is building a decentralized community in the real world. It offers participants an opportunity to thrive in these virtual worlds through an innovative gaming economy. As metaverse projects are on the rise, NFT guilds like Yield Guild Games could benefit from the influx of newcomers and crypto enthusiasts looking to explore play-to-earn NFT games for an alternative source of income.

How can you trade the metaverse using coins like Sandbox? The power of ZRX for the area of NFTs on the Coinbase NFT Marketplace and are Cardano's stats ghost stats? 00:00 Intro 00:21 Preview 00:55 Crypto news 03:54 Bitcoin 07:24 Ripple 09:08 0x 11:09 Cardano 13:07 Aave & Avalanche 15:11 Polygon Matic 16:45 Sandbox 18:33 Good bye & subscribe Every week Feyyaz Alingan looks at the most important cryptocurrencies and discusses the most important developments in the crypto space to share his thoughts in the Crypto Market Talk. Which coins could go to the moon and which could go bust? Feyyaz Alingan founded Blue Alpine Research and regularly publishes analysis & news on the topic of cryptocurrencies, DeFi and NFTs on YouTube and via Podcast Read next: Could strong earnings reverse the hawkish Fed moodiness | MarketTalk: What’s up today? | Swissquote| FXMAG.COM What is behind the hype of the different blockchain technologies and how can YOU participate? If you don’t want to miss the dynamic world of cryptocurrencies and want to stay up to date with Bitcoin and co. - Crypto Market Talk is the best place to stay subscribed! Feyyaz Alingan founded Blue Alpine Research and regularly publishes analysis & news on the topic of cryptocurrencies, DeFi and NFTs on YouTube and via Podcast. #cryptomakettalk #trading #crypto #blockchain #token #weeklyshow #cryptoshow  Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5  Let's stay connected: LinkedIn: https://swq.ch/cH

  Table of Contents · An Overview of the Crypto Market · Top Altcoin Gainers and Losers · Crypto & Bitcoin News Highlights for Apr 18 - Apr 25 · Bitcoin (BTC/USDT) Technical Analysis on the KuCoin Chart The global crypto market cap stands at $1.78 trillion as on Monday, Apr 25. It has dipped by 3.72% since Sunday, despite the total market volume picking up by 51.08% in the past 24 hours. The DeFi market accounts for 11.84% of the entire cryptocurrency market’s 24 hour trading volume. Meanwhile, stablecoins have a a total volume of $51.58 billion, accounting for 83.74% of the total crypto market 24 hour volume.   The biggest weekly gainers in the crypto market include ApeCoin (APE) and STEPN (GMT), which have strengthened by over 55.41% and over 34.56% respectively. In this article, we’ll discuss the most important news highlights from the global cryptocurrency market as well as take a look at the technical overview of Bitcoin.   An Overview of the Crypto Market Bitcoin’s dominance currently stands at 41.28%, an uptick by 0.33% in the past 24 hours. The crypto leader is trading at $38,524.48 down by 1.25% over the past one week.   Cryptocurrency Price HeatMap | Source: Coin360   Ethereum, the world’s second-largest crypto by market capitalization, is trading at $2,828.39, after losing 4.08% over the week. While the majors trade under pressure, several new entrants have been making their mark among digital assets, most notable of all STEPN (GMT), which has strengthened by more than 300% in the past month.   The bearish pressure in the crypto market continues into a fresh week, with most of the leading digital assets still trading in the red. However, the losses in digital assets remain far lower than those seen among leading tech stocks lately. This makes us wonder, is the notorious volatility that crypto is infamous for finally reducing?   When it comes to retail investors, the seemingly oversold market offers several exciting opportunities for traders looking to buy at low prices. So, let’s do a recap of all the key market trends from the crypto market over the past week you should know about.   Top Altcoin Gainers and Losers Via Coinmarketcap Top Altcoin Gainers: ➢ ApeCoin (APE) âž 51.39% ➢ STEPN (GMT) âž 46.70% ➢ Curve DAO Token (CRV) âž 26.90%   Top Altcoin Losers : ➢ Moonbeam (GLMR) âž 13.52% ➢ Decred (DCR) âž 12.89% ➢ Waves (WAVES) âž 12.85%   Crypto & Bitcoin News Highlights for Apr 18 - Apr 25 The global cryptocurrency market remained busy through the previous week, making many headlines over the period. Some of the most noteworthy and key market trends from the world of cryptocurrencies include:   AMC Theatres Accepts Payments in SHIB and DOGE One of the biggest positive developments for the global cryptocurrency market, especially for memecoins, was AMC Theatres starting to accept payments in Dogecoin and Shiba Inu via their mobile app last week. US-based customers can now book movie tickets using DOGE and SHIB by updating their mobile apps.   This development comes a few months after the company started accepting payments in digital currencies since November 2021. The leading US-based chain of theaters first started accepting crypto payments in BTC, ETH, BCH and LTC and proposed the idea of adding the two most popular meme tokens in January this year.   BTC, ETH to Soar to New ATHs This Year: Celsius CEO Mashinsky At the Paris Blockchain Week Summit last week, the CEO at Celsius Network, Alex Mashinsky, offered a rather bullish forecast for the crypto leaders this year. He believes that while the current situation remains somewhat uncertain for digital assets, BTC and ETH could touch new highs later this year.   He forecasts a break past $60,000 for crypto king Bitcoin while Ethereum could take out the $4,500 mark before the end of 2022. However, the Russia-Ukraine war and the US central bank Federal Reserve's plans could put some pressure on the cryptocurrency market growth in the near term before this happens.   Goldman Sachs Planning Alliance With FTX on Regulatory Issues Mainstream businesses can no longer ignore crypto or hold off from dipping their toes in these waters. Leading investment bank Goldman Sachs is looking to cement an alliance with crypto exchange FTX, a sure sign of increasing confidence in digital assets by the mainstream financial services industry.   An article by the Financial Times discusses how FTX’s founder Sam Bankman-Fried met with Goldman Sachs’ CEO David Solomon to examine a potential partnership. It looks like the investment banker wants to advise FTX on regulatory issues and possibly even support their future funding rounds.   German Commerzbank Plans Foray Into Crypto The fourth largest bank in Germany, Commerzbank, has applied for a crypto license in the country. Germany is fast turning into one of the most crypto-friendly destinations in the world and such a move will further increase this sentiment and encourage mainstream adoption of digital assets in the German financial sector.   Commerzbank confirmed last week that it had applied for a crypto license in January 2022. It plans to start with providing crypto-related services to institutional clients before rolling it out to a wider customer base in the future.   Given that the bank has around 70,000 institutional clients, it’s a large enough customer base that could soon gain access to the digital asset market via Commerzbank.   Twitter Testing Crypto Earnings Feature for Creators in USDC via Stripe While the Elon Musk saga with Twitter continues (the latest we hear is that he has secured the funds for the acquisition), the social network is getting busy with its plans to become more crypto-friendly by accepting virtual currency.   Crypto payment giant Stripe announced last Friday that it will work with Twitter to roll out a payment system for digital currencies. The partnership will allow Twitter’s creators to start accepting payments in USD Coin (USDC), powered by Polygon's blockchain technology.   Robinhood Acquires Ziglu to Enter UK Market Popular fintech app Robinhood has confirmed its acquisition of London-based crypto app Ziglu Limited. The move will allow the app to start servicing its UK-based customers, a move the company has been waiting to accomplish since 2020.   Since Ziglu is already registered with the UK’s Financial Conduct Authority (FCA), Robinhood’s decision to acquire the company will ease its own process to expand into this market from a regulatory perspective. The fintech app is credited as one of the key drivers for the crypto boom among retail investors in North America through 2020 and 2021.   Google Data Points to Declining Interest in Bitcoin Among Retail Investors According to the key market trends from Google Trends, there appears to be a decline in global search volume for Bitcoin in recent weeks. The sign could potentially point to dwindling interest in digital currencies among retail investors worldwide.   Bitcoin Interest Amount Retail Investors | Source: Google Trends   With the bearish mood in the global cryptocurrency market in recent weeks, we see a sharp decline from the highs seen in April 2021 in online search volumes for Bitcoin worldwide. However, what is encouraging is that, though the numbers are lower than last year, they are mostly holding steady through 2022.   Fear & Greed Index Still Very Much in the Red Market analysis of the crypto market’s Fear & Greed Index reveals a sentiment of Extreme Fear among investors at present. There has been a one point drop in the sentiment since Sunday and also over the past week.   Fear & Greed Index | Source: Alternative   There has also been a sharp drop in the index since last month when the index stood at 51, indicating a neutral bias. On the other hand, the current reading of the index is 23, well in the red, indicating that sellers have the upper hand in the market at present.   The sentiment of Extreme Fear continues from last week into Monday. Although this indicates a bearish mood, it can be a good opportunity to buy virtual currencies at lower prices. A good strategy for crypto beginners who want to ride the volatility could choose Dollar Cost Averaging (DCA) Strategy during this time.   Bitcoin (BTC/USDT) Analysis on the KuCoin Chart With the price getting rejected last Thursday/Friday on the 50-day moving average (green trend-line) but holding and closing all daily candles above the first line of support (red upwards-facing line), Bitcoin was seemingly entering a short-term consolidation phase.   However, in depth analysis of the recent price movement has shown a relatively strong push towards the downside in the past 24 hours, with the price dropping as low as $38,150.   BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   If we take a look at the downside, Bitcoin has its first support level set at the upwards-facing channel bottom level, which currently sits at just over $37,000. If Bitcoin manages to break this level to the downside, it will face a 100-week moving average at the $35,600 level.   However, a bullish reversal might push Bitcoin’s price up towards the top of the current channel and all the way to the Dec 27 high of 52,070.   Which move are you counting on?   Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.   Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange Download KuCoin App >>> https://www.kucoin.com/download Also, Subscribe to our Youtube Channel >>>Listen to 60s Podcast source: KuCoin

NEO is overall bullish trading inside the red channel and now approaching the lower trendline acting as non-horizontal support Moreover, the green area is a horizontal Support. So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the red trendline. As per my trading style: I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...) And for the bulls to take over from a long-term perspective, we will need a break above the gray area covering the entire range / structure. Unless NEO breaks the green zone downward aggressively, then it will become resistance again and a movement till the lower support would be expected (12.5 - 15.0) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Terra’s UST has become the third-largest stablecoin. Bastion Protocol on the NEAR blockchain closes a US$9M Series A funding round. Orbit Network a stablecoin lending protocol announces its incubation under Cronos labs. APR 25, 2022     Key Takeaways  Terra’s UST flips BUSD to become the third-largest stablecoin. Meanwhile, Tron’s Justin Sun announced the launch of algorithmic stablecoin USDD backed by TRX. Bastion (BSTN), the largest DeFi protocol on the NEAR blockchain, has closed a US$9 million Series A funding round on heels of its impending token launch. MetaMask warns Apple users over an iCloud phishing attack, which has recently caused a user to lose about US$650,000. Also, it launched its first hardware wallet integration with Keystone. Orbit Network, a decentralised stablecoin lending protocol, announced that it is incubated under Cronos Labs. This week’s price and volatility indices were negative at -4.21% and -3.69%, respectively, while the volume index was positive at +27.04%. Highlights MetaMask, Ethereum DApps down as Infura suffers outage Twitter to test out Stripe’s newly added support for USDC payments Net Zero protocol receives Chainlink (LINK) grant to build on-chain geospatial pollution data service MakerDAO (MKR) to integrate StarkNet to cut DAI transaction costs US$19.2 billion in staked assets — Liquid staking solution Lido (LIDO) set to surpass Curve (CRV)’s total value locked Frax (FXS), Terra-backed ‘4pool’ went live on Fantom network, attracts US$31 million Derivatives exchange dYdX (DYDX) to become ‘100% decentralised by end of year’ Solana (SOL) crypto wallet ‘Phantom’ launches on Android Hacker ‘self-destructs’ US$1 million loot gained from DeFi exploit Stargate Finance (STG) tumbles after launching staking platform Uniswap (UNI) blocks cryptographic wallets linked to crime KyberSwap (KNC) launches on BitTorrent chain with US$1.5 million in liquidity mining and incentive rewards Check the latest prices on Crypto.com/Price Top Token Metrics     DeFi Index Tokens     Notable Events Curve Finance (CRV) published an elevated earning which was 100% higher than the average of the past weeks. Convex Finance (CVX) has locked over 200 million units of CRV. Compound (COMP) has been cooling down after its Robinhood listing. Anchor protocol (ANC) passed a proposal to redirect remaining ANC airdrops to the community pool. DEX Metrics     Tags CRYPTO CRYPTO.COM RESEARCH CRYPTOCURRENCIES DEFI UPDATE MARKET Source: crypto.com

Cardano price saw an attempt from bulls to reverse the price trend which failed. ADA price is again down for the day and is set to eke out more losses. Not until ADA price dips below $0.80 will bulls show up for a significant turnaround. Cardano (ADA) price is still under pressure from its rejection by the 55-day Simple Moving Average at $0.97 on April 20. Since then, ADA price has been trading lower as more bearish pressure mounts and dollar strength adds a double weight to the downtrend. Expect downside to continue towards $0.80 or $0.69 with either 13% or 22% losses. ADA price at risk of undergoing dollar gravity, dropping 22% Cardano price has been trying to shake off the tail risks that came along with the situation in Ukraine. The election of Macron for a second term securing political stability in the plagued European block should have helped, but instead, since Sunday night, the Greenback has been rallying against all major currencies, including cryptocurrencies, as investors run for cover due to fear of more lockdowns and supply chain disruptions stemming from the covid outbreak in China. With that spillover effect, most cryptocurrencies are on the back foot, except for the few under Elon Musk’s wing and are trading higher for the day. The dollar index will have hit a substantial level in EUR/USD and other currencies In the first correction phase, ADA price will drop to $0.80 and look at the support offered at the beginning of March. If that fails, expect to see a further continuation towards $0.69 with a level that goes back to February 15, 2021. With another 22% loss, ADA price is nearly set to print a new year low. If that transpires, bears will have lost some force in profit-taking and with not much fuel left to eke out further gains, the dollar index will have hit a substantial level in EUR/USD and other currencies. A correlation to keep in mind. ADA/USD daily chart One should almost forget that it is the earning season in the US. This evening, two big tech corporations are set to make a scene. Microsoft and Alphabet are the first of six big tech names that mainly represent most of the Nasdaq and are set to put out earnings. Should those surprise to the upside and show no sign of weakness against the current inflation backdrop, expect to see Nasdaq popping higher by multiple percentage points, which will spill over into cryptocurrencies and drag those higher, with ADA Price revisiting $1.00.

ETH options put-call ratio rising. Commerzbank applies for crypto custody licence. Australia launches its first spot crypto ETF. APR 25, 2022     Chart of the Week: A Tale of Two Put-Call Ratios The open interest put-call ratios of BTC and ETH options are telling diverging stories:After forming yearly lows in early January, put-call ratios for both BTC and ETH trended up until February when their paths started to diverge, with BTC’s dropping and ETH’s continuing to rise. The ETH put-call ratio has stayed above BTC’s for the past one month, the longest period it has done so during the past year. ETH has outperformed BTC by 11.7% over the last three months (ETH +17.1% vs BTC +5.4%), on the back of the altcoin run up and anticipated ETH 2.0 upgrade catalyst. With further delays having been announced to the upgrade, the divergence in the put-call ratios trend could be indicating sentiment shift as investors look to increasingly hedge their ETH exposure. Fund Flow Tracker BTC and ETH balances held at exchanges continue their free fall as flows remain net negative (i.e. net outflow).The past week saw 18.8K and 504.4K of net outflows for BTC and ETH respectively. While this could be interpreted as a bullish indicator, potentially implying strong investor inclination to hold, regulatory risk for exchanges may also be having an impact. However, BTC balance held on OTC desks, after largely following the downtrend on the exchanges, saw a rebound after reaching a yearly low in mid-April.  Derivatives Pulse BTC options ATM implied volatilities remain muted and near yearly lows.Front-end implied volatility (one-month) currently stands at 55.5%, compared to 55.4% last week. Implied volatilities for ETH are also muted and near yearly lows. Front-end implied volatility (one-month) for ETH currently stands at 60.5% compared to 59.3% last week. BTC perpetual futures funding rates have flashed red (i.e. negative) during the past two weeks, although the overall regime remains in positive territory over the longer term. Negative funding rates printed at a higher frequency during the past two weeks for ETH perpetual futures than for BTC, although the overall longer-term remains in positive territory as well. Price Movements         News Highlights The Australian Prudential Regulation Authority (“APRA”), prudential regulator of the Australian financial services industry, outlined a policy roadmap for implementation of regulation for financial entities engaging in crypto-assets activities. It expects the framework to be effective in 2025. Australia is set to launch its first spot Bitcoin and Ethereum exchange traded funds. The products will be the first in Australia to invest directly in the underlying assets. The Sandbox seeks to raise US$400M, which would value the company at more than US$4B, according to Bloomberg citing people familiar with the matter. Commerzbank, one of the largest banking institutions in Germany, has applied for a cryptocurrency custody licence, the first time such a move has been made by a major bank in the country. Financial services provider Stripe will add support for payments in USDC stablecoin on the Polygon protocol for select Twitter creators. SkyBridge Capital reported to have raised US$7M for a new vehicle to invest in Bitcoin mining company Genesis Digital Assets. Catalyst Calendar             Disclaimer: The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing on this report are registered trademarks of their respective owners. Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES MARKET MARKET INSIGHTS MARKET PULSE

Summary: What is the Shiba Inu token? A look into non-fungible tokens. The role burning crypto coins has in the price of Shiba Inu token. A meme coin is a form of cryptocurrency that originated from an online meme or viral image, Shiba Inu is named after the japanese dog breed who has the same name SHIBA INU is a type of meme token. A meme coin is a form of cryptocurrency that originated from an online meme or viral image, Shiba Inu is named after the japanese dog breed who has the same name. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu is a decentralised cryptocurrency, it runs on the Ethereum blockchain platform, giving the token the same functionality and safety of the Ethereum platform. The Shiba Inu token is not a coin, a crypto token is one that is built on top of an already existing blockchain, and this is exactly what Shiba Inu has done, they do not have their own blockchain. Shiba Inu is actually split into multiple tokens, all of which help the cryptocurrency world function. These tokens are; SHIB, LEASH, BONE, ShibaSwap and Shiboshis. SHIB was the founding token of Shiba Inu, it can be traded and is used as a medium of exchange. LEASH is the most limited token of Shiba Inu-related tokens, with a limit of only 107646 tokens. LEASH coin gives staking rewards to those validating transactions in cryptocurrency. BONE is a token with 250 million units available, this token is used as a way the Shina Inu users a platform to vote. ShibaSwap is Shiba Inu’s own decentralised platform for trading tokens. Shiboshis is a non-fungible token (NFT) which basically means that when an investor buys an NFT they get to say they have ownership rights of an original copy of a digital file. NFTs are important and valuable as they represent the authenticity of a non-fungible asset. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Shiba Inu plans to give investors a high return in 2022 by burning tokens. Burning tokens refers to users being able to remove tokens from the market circulation thereby, reducing the number of tokens in circulation. Shiba Inu token saw a 46,000,000% increase in the last year thanks to a high investment, the burn rate of Shiba Inu played a role in this investment. The burn rate was at 41% at one point, this rate and the mass-adoption of the token are reasons for this incredible price increase. Since then, the burning of tokens has been labelled one of the best methods to boost the price of Shiba Inu token. This month Shiba Inu even partnered up with Rysoshi’s decentralised finance project; they did this to offer passive rewards to investors who choose to burn their tokens. This works as follows, the investors in Shiba Inu who burn their tokens will receive a ‘burntSHIB’ token, these tokens pay out RYOSHI token rewards at a variable rate. Investors can use the ShibaBurn website to burn their tokens. Current market sentiment for the Shiba Inu cryptocurrency is negative. Current market sentiment for the Shiba Inu cryptocurrency is negative. Data shows that Shiba Inu has not had a good year so far when it comes to performance, the token is underperforming leading tokens such as Dogecoin (DOGE). Stats also show that 55% of Shib token holders are not making money on their investment. Despite Shiba Inu’s recent Robinhood listing, the token is still not expected to start showing bullish signals. The choice of whether or not holding this token is investor specific, perhaps there are better options where returns are more certain. Other Advantages of the Shiba Inu Coin. Shiba Inu supports smart contracts, this allows their users to stake and lend smart contracts, creating the opportunity to earn passive income through recurring fees. Shiba Inu has Elon Musk's support, improving investor confidence through the confidence of the world's richest man. It is a utility driven ecosystem, not only built off of hype. Some of the utilities supported by Shib Inu are the NFTs and a Defi Platform in ShibaSwap. Sources: decrypt.com, finance.yahoo.com, bankrate.com, analyticsinsight.net, crowdwisdom.live

Today our focus is on Arweave (ARUSD). Buyers, for now, have pulled back most of yesterday’s losses and continue to push at a possible engulfing bar pattern. Last month, price was supported by news 17M was raised to help make Arweaves data storage blockchain more usable. Up until today, thing’s haven’t been the best for Arweave, with the last four weeks of trade being lower. A shift has started this week, and we can see buyers trying to pull back from losses. Pattern focus, for now, remains on the daily. Today’s candle is close to forming an engulfing bar which sits just above a level of demand. A fair bit of pressure remains on today’s bar. We really want to see a firm close that really needs to beat yesterday’s open or high, and we would prefer to see a close above yesterday’s high, confirming the bar pattern. A close at that point should also lift the CCI above the 0, moving back into a bullish area and set up a break of the current downtrend. If those are achieved by the end of today’s NY session, we could be seeing a new up-leg developing. If price retraces today and closes below $27, that would cancel out the engulfing idea. If heavy selling resumes, a break of the demand area would suggest that the current downtrend has further to run. If we do see a new move higher get going, we have marked two levels of potential resistance, but we would think that key resistance could be the first real test if reached. Arweave D1 Chart The post Crypto News: Arweave, rally watch as buyers clear $27 appeared first on Eightcap.

Bored Ape Yacht Club floor price spikes off news of its Metaverse ‘Otherside’. The NBA introduces ‘dynamic’ Ethereum NFTs called ‘The Association’. OpenSea acquires NFT marketplace aggregator Gem.xyz. APR 27, 2022     Key Takeaways BAYC creator Yuga Labs recently launched its metaverse project called ‘Otherside’, sending BAYC’s floor price to spike to 137 ETH after the announcement. Aside from the floor price, trading volume also jumped by 22% within 24 hours of launch. The NBA is introducing ‘dynamic’ Ethereum NFTs called ‘The Association’. This collection of 18,000 NBA NFTs will change and evolve over time based on each player’s performance. Leading NFT marketplace OpenSea recently acquired NFT marketplace aggregator Gem.xyz, making it easier to list, buy, and trade assets across both platforms. Through this acquisition, Gem will integrate some of its features to OpenSea yet will remain a separate product and brand on its own.  LooksRare recorded a -3% decrease in sales and a +77% jump in transactions. OpenSea recorded a +12% increase in sales and a -8% drop in transactions. Crypto.com NFT in the Spotlight ‘The ‘Bull Run Crew’ is a collection of 10,000 3D dancing bulls that have been let loose on the blockchain. Armed with their own music and some super funky dance moves, the party never stops with the BRC. Created by artist & music producer Enchanted Future, this is the first PFP collection featuring full-body, 3D animated characters set to original music – with different dances, songs, and over 300 unique traits. Leading the crew is an elite group of ultra-rare legendary bulls, including the king of them all: the Golden Bull. Each piece is priced from $200, and the collection will be available on the Crypto.com NFT website from Thu, 28 Apr 2022. Fran Rodríguez is a digital artist based in Barcelona. He’s been in the crypto art scene for a year now and his NFTs are sold out everywhere. His latest NFT drop, ‘Lucid Dreams’, features 2 special editions of NFT giveaways created by the artist. Showcasing dream testimonies, incredible landscapes, and visual diary of worlds, all 10,000 of these special NFT redeemables will be up for grabs from 29 Apr 2022. Highlights Moonbirds NFT sales skyrocket capturing $364 million in 5 days Boss Beauties raise $4.4M valuing the women empowerment-themed project at $30M NIKE launches the very first NFT assortment primarily based on the Ethereum blockchain Deadfellaz gains representation from the United Talent Agency NBA Top Shot whale launches NFT lending platform with $4.5M in funding IntotheBlock launches NFTs insights section and collections indicators Crypto exchange Injective rolls out BAYC Perpetuals amid heated NFT market NFT project Tori Zero announces a strategic partnership with Wirex Solana-based climate change project employs ‘NFTrees’ to save rainforests Peter Thiel-backed BitDAO votes to invest $6.5 million into Ethereum NFT collective PleasrDAO NFTs stolen after Bored Ape Yacht Club Instagram, Discord Hacked Aku Ethereum NFT launch ends with $34M locked in flawed smart contract Pudgy Penguins’ NFT sales surge 500% on mystery map Transaction Volume Benchmark     Top Collectibles   Project Name Weekly Sales (USD) Transaction Count Number of Buyers Moonbirds $150,227,369 1,511 1,105 Mutant Ape Yacht Club $91,222,005 891 649 MurakamiFlowers Seed $74,518,153 230 153 RTFKT MNLTH $40,756,390 1,450 917 Bored Ape Kennel Club $40,243,372 1,165 719       * Collectibles data from CryptoSlam.io The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows top upcoming NFT sales and a sample of their art.   Project Name Sale Date Price Items Market Cap Sample Country Ape Squad 1 Jun 2022 0.3 (ETH) 10,000 3,000 (ETH) Puff World 2 May 2022 0.25 (ETH) 10,000 2,500 (ETH) Crazy Karts Society 26 Apr 2022 3.5 (SOL) 5,000 17,500 (SOL) Chilled Camel Club 29 Apr 2022 1.5 (SOL) 10,000 15,000 (SOL) AquaHeads 30 Apr 2022 2 (SOL) 3,333 6,666 (SOL)       Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art.   Platform Artist Sales Volume (USD) Sample Crypto.com NFT The TRIP: Origin $990,400 Solanart Degenerate Ape Academy $102,912 OpenSea Moonbirds $113,150,520       Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES NFT

Summary: SafeMoon Coin, what is it, how can investors purchase it? SafeMoon’s past and future prices. Functions of SafeMoon. SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021. SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021 SafeMoon had around 2.9 million holders in January 2022. The token's founders wanted a coin that would ensure “safe” gains. SafeMoon designed its products to resist volatility through offering rewards to its investors for holding their coins. SafeMoon is a type of cryptocurrency that is based on human-based technology and business, their aim is: “expanding blockchain technologies for a brighter tomorrow”. SafeMoon refers to their community as “The SafeMoon Army” which is a deeply connected community who innovates for good. They are building blockchain, commerce, metaverse and NFT products to attempt at deriving new product values from already standing crypto technology and put it towards better use. The SafeMoon Protocol V2 Token; a community based DeFi Token that is a part of SafeMoon’s expanding ecosystem. Coindesk.com defines DeFi tokens as representatives of “a diverse set of cryptocurrencies native to automated, decentralised platforms that operate using smart contracts.” Recall that a decentralised cryptocurrency platform transfers the control and decision making from a centralised entity (organisation, individual or group) and is given to a distributed network and smart contracts. Recall that smart contracts are digital contracts which are stored on a blockchain, when predetermined terms and conditions are met, the programs are executed. Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns  There are 4 Functions that occur when a SafeMoon trade occurs: Reflection: 4% of the transaction is distributed to all coin holders. This is in an attempt to lessen the problems with mining rewards. This happens in 2 ways: (a) The reward amount is dependent on the size of the purchase. (b) encourages token holders to collect higher payments based on number owned. This will attempt to prevent the earlier investors from selling their tokens en masse and being able to sway the price, like with Bitcoin. LP Acquisition: 3% of each transaction is added to liquidity. The automatic liquidity pool is seen as an advantage of SafeMoons coins, it creates a solid price floor for both buyers and sellers. The LP is meant to help with long-term stability, in addition, written in a smart contract there is a 10% penalty for sellers of the coin and 5% of this penalty is split between existing holders, this is in an attempt to discourage investors from selling their coins. Manual Burn: 2% of tokens are burnt. The burning of SafeMoon Tokens is manual instead of continuous, this is in an attempt to increase the value of the coins for long-term investors. It also increases transparency of the coin as the burns are announced and tracked publicly. Growth Fund: 1% is added to the SafeMoon Ecosystem Growth Fund. The SafeMoon coin is designed to discourage selling, driving the price up over time and benefiting early investors and the owners. There are some analysts who believe that early adopters will pump the coin and hype it up to drive the price up and then sell when they have made money. The price history of SafeMoon has been a rollercoaster. Since the coin was launched its price has risen by more than 140,000%, showing the huge momentum this coin has had. SafeMoon falls under the altcoin category, meaning that it is highly sensitive to movements happening on the wider crypto market. Hence, due to current general bearish market sentiment, it is not surprising that the coin has seen almost a 61% decline in its price over the last month. Price predictions for 2022 will depend on two factors. Market sentiment and the broader crypto markets. We are seeing more of a link between the general stock markets and the crypto markets, this came to light when we saw both markets react to the announcements of rising inflation and rising interest rates. This is because the opportunity cost of holding cryptocurrencies and stocks increases as these yields rise, especially because the investments linked to the rising yields are considered safer than cryptos and stocks. The utility factors of the SafeMoon coin will affect the price, these utility factors will determine how they will manage the coin. SafeMoon Crypto Price Chart Read next: What Is Chia Coin? - (XCH) - First New Nakamoto Coin Since Bitcoin Launch (2009)  To purchase the SafeMoon coin investors will need to download the Trust Wallet App It is necessary to purchase an already established coin such as Binance or bowscoin. Click on the DApp tab on the Trust Wallet App, this allows you to find decentralised coins. Look for Pancakeswap - this will allow you to trade Binance or Bowscoin for SafeMoon tokens. The SafeMoon Tokens will be held in the Trust Wallet App going forward. Sources: safemoon.com, coindesk.com, gobankingrates.com, Finance.yahoo.com, business2community.com, thetimes.co-uk.

LTC is approaching a strong support and round number 100.0 so we will be looking for buy setupson DAILY: LTC is forming a descending triangle in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, LTC would be overall bearish can still trade lower inside the green support zone or even break it downward. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Bitcoin rose 0.6% on Monday, ending the day near $38.4K, cruising at arm's length from the $38K level for the past five days. Ethereum has settled near $2800, losing 0.5% over the past 24 hours. Other altcoins in the top 10 have shown mixed dynamics, ranging from a decline of 1.9% (Solana) to a rise of 1.5% (Terra). Total crypto market capitalisation, according to CoinMarketCap, declined 0.7% overnight to $1.74 trillion. Bitcoin's dominance index added 0.2% to 42.1%. The cryptocurrency Fear and Greed Index was down 1 point to 27 by Tuesday and remains in "fear" mode. Since late March, the bears have been intensifying from $39K, forming a sequence of lower highs. At the same time, the basis in the form of support at $38K generally remains untouched. The crypto market seems to have laid at the bottom, missing the momentum of the US indices growth at the close of trading, indicating a high supply of coins for sale and reluctance to take active actions in anticipation of the Fed's decision on Wednesday. But there may be another lower bottom if the FOMC reaction to the Fed leads to a stock market sell-off.    According to Santiment, large investors have been aggressively buying Ethereum and Binance Coin over the past two weeks, which could signify an impending trend reversal. JPMorgan Chase CEO Jamie Dimon said that cryptocurrencies offer advantages over fiat currencies in some respects, such as fast transaction times for payments. However, Dimon still recommends caution when investing in crypto-assets. According to Coin ATM Radar, the global bitcoin ATM installation rate declined for the fourth consecutive month in April. Meanwhile, Solana's blockchain went down for seven hours to carry out transactions due to a surge in operations that the network could not cope with. Billionaire Mark Cuban suggested using DOGE to fight spam on Twitter, which Elon Musk recently bought out.

Shiba Inu price is set to reboot its uptrend after a false break below. Expect to see a 35% upside towards $0.00002800, a vital level going forward. SHIB price is currently squeezed at the intersection of two major trendlines. Shiba Inu (SHIB) price slipped below necessary support after experiencing bearish pressure from a downward trend line. Bulls, however, have kept any further fades contained and even revealed a squeeze to the upside. Despite four rejections against both the red descending trend line and the green ascending trendline Shiba Inu price is at least posting higher lows on a daily chart. Bullish pressure is mounting and is set to materialise in a pop above $0.00002400 that could lead to a rally up to $0.00002800 around the monthly R1 and the 78.6% Fibonacci level. SHIB price set to restart its 2022 uptrend Shiba Inu price slipped below the essential green ascending trendline that acted as the backbone for the uptrend throughout 2022 thus far after rejection from the red descending trendline to the topside. However, with higher lows, the stage looks set for a squeeze and pop higher as bullish momentum builds and the Relative Strength Index (RSI) builds up to the upside. SHIB price thus will make its way across the intersection between the red and the green diagonal trend lines and, in the process, shift from a downtrend to an uptrend. One bullish indicator will be when the daily pivot at around $0.00002284 is turned back into support. From there, a quick jump looks set towards the monthly R1, just a few ticks away from the 78.6% Fibonacci level at $0.00002782, so presume $0.00002800 as the big figure target, booking 35% profit with it. SHIB/USD daily chart Risk comes with another fifth, firm rejection against the red descending trend line or the green ascending trend line. That could be a setback for bulls, triggering short-term profit-taking and creating a fade that could be extended to $0.00001708, dropping 22%. With that move, the RSI would hit the oversold barrier again and see a bullish reversal for the next attempt.

Bitcoin price prepares for its ascent to $42,100 after bouncing off a stable support level. Ethereum price needs to overcome the $3,000 barrier to have any chance at revisiting $3,500 or $4,000. Ripple price begins its journey to $0.70 after a recovery above the $0.60 support level. Bitcoin price has kick-started its attempt to move higher, picking up Ethereum and Ripple along with it. Investors can expect BTC to revisit Monday’s high and reevaluate directional bias from there. Bitcoin price begins its journey higher Bitcoin price bounces off the lower trend line of the ascending parallel channel, which is formed after drawing trendlines above and below three sets of higher highs and higher lows. Investors can expect BTC to slice through the 100-day Simple Moving Average (SMA) at $41,009, which is the first major hurdle. Doing so, will allow it to retest the 50-day SMA at $41,921, which coincides with the daily supply zone, extending from $43,981 to $41,921. This area of confluence is where the upside will be capped for the big crypto and would represent a 10% gain. BTC/USDT 3-day chart Regardless of the bullish outlook, a daily candlestick close below the $34,752 support level will invalidate the bullish thesis and trigger a crash to $30,000 or lower. Ethereum price to reverse the trend Ethereum price is in a medium-term ascending channel created by connecting its two higher highs and three higher lows since January 28. The third retest of the lower trend line has shown a bullish reaction – lead cryptocurrency BTC is recovering and influencing the rest of the market. Regardless of the bullishness, ETH needs to flip the 100-day SMA at $2,914 followed by the 50-day SMA at $3,069 to continue rising. This development is key to triggering a move that tags the 200-day SMA at $3,443. While a move to $3,500 is likely, a surge in buying pressure could extend the run-up to the $4,000 psychological level. ETH/USD 1-day chart On the other hand, a daily candlestick close below the weekly support level at $2,541 will indicate a resurgence of selling pressure and invalidate the bullish thesis. This could trigger a further crash to the $2,000 psychological level. https://youtu.be/hDdFa7mu7Jo Ripple price purges sell-side pressure Ripple price purged the downside pressure by collecting the liquidity resting below the $0.60 support after a 30% crash. XRP price has since moved back above the said foothold, indicating that buyers are in control. A resurgence of buying pressure is likely to propel XRP price up to the immediate hurdle at $0.696. Clearing this barrier will present two further resistance levels for Ripple bulls to overcome - the 50% retracement level at $0.735 and the 2022 volume point of control at $0.768. For now, the market structure looks uncertain due to the choppiness of Bitcoin. Therefore, investors can expect a local top to form around $0.768, representing a 25% ascent from the current position at $0.615. XRP/USD 1-day chart A daily candlestick close below the $0.601 support level will produce a lower low and invalidate the bullish thesis. In such a case, XRP price is likely to crash to the $0.548 support level. https://youtu.be/hBoG1pklXYI

As per my last BTC posts, we have been waiting for a break above the last major high for the bulls to take over. Which obviously didn't happen Meanwhile, we are still bearish and yes we might still see an aggressive movement lower to take our the wicks highlighted in purple (33k-35k) before the bulls kick in. For now, BTC is around the 38k-40k support and for the reversal to be confirmed, we need a momentum candle close above the last high in gray which would also be a break above the 40k level, back inside the blue rising channel , thus a bullish movement till the upper bound (48k-50k) would be expected. I have attached USDT.D chart on the right, as it clearly highlights the two possible scenarios. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich

IDEA is stuck inside a range between our two red trendlines , and it is currently approaching the lower bound / red trendline acting as a non-horizontal supportMoreover, 0.1 is a strong support and round number. The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support (0.1) and red trendline. (acting as non-horizontal support) As per my trading style:As IDEA approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Games are an excellent way to escape from the daily routine and enter the new world. Gaming has many faces, it could be your biggest passion, Sunday fun, or earning method. The latter mentioned is a relatively fresh concept for the world of digital entertainment. It is worth taking a closer look at it to understand what makes us unable to tear ourselves from the computer or smartphone’s screen for hours. Would you like to know what elements should have the quality Play-to-Earn (P2E) title? We invite you to the text! Refined business model P2E is from the financial perspective a moneymaking tool. It's driven by a game token and provides users with diverse and effective ways to collect funds, some of which will be used to develop the game. It provides an effective model, from which the income will be divided between investors – gamers, the project’s team, and the product – itself. It is a recipe for motivation to keep playing and product development. The possibility of making a steady income that could be your second salary sounds very attractive, especially when we're talking about passive income.  Read next: Play To Earn Games: Revolution On The Games Market – Let's Talk About P2E. What Is Play To Earn? RoboHero (ROBO)| FXMAG.COM As we mentioned before, the fuel that powers the game is token, which value depends on many factors. These include development plans (roadmap), burning part of the supply to increase the price, utility token scope (e.g., internal metaverse economics), etc. It is crucial to reach different clients groups – long-run investors, people who just like to click around and make a few dollars after work, and people who will make it a regular income. Nowadays, we have considerable possibilities, a dozen years ago we wouldn't even consider farming gold in World of Warcraft.  Diverse ways to get funds P2E games offer a wide range of possibilities to claim tokens. It depends on the characteristics of the game. However, the most common theme is a fight in which the winner receives funds from the pot. They are coming from the game’s treasury when the battle is in PvE mode or the players are allocating tokens for the common pool for the winner in PvP. There are also mechanics that we already know from MMO games, such as selling acquired items on the marketplace and trading characters, etc. However, these are ways of active income, which require completing certain tasks to collect a reward.  The real potential of Play-to-Earn is hidden in passive income. At this point, we can use the example of the RoboHero mobile game. In addition to the extensive opportunities to generate active income, we have vast opportunities to earn passively. You can rent your character to another player, lend an advertising billboard in the game and get a lease payment or become the NFT landowner, where the robot fights and get a commission from each battle. This gives many possibilities, from which you can create a superb plan for profit.  Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)| FXMAG.COM In the world of blockchain entertainment, some issues are appearing, foremost – the game’s entry barrier. Usually, you need to pay a minimum of several hundred dollars for a character that you will perform tasks. Here, it is worth mentioning again the example of RoboHero, which came out to meet the community and offered a Watch-to-Earn application. It allows you to raise funds for your first robot by watching ads. This is an excellent practice that can become an inspiration for other game developers.  Engaging gameplay We don't forget how crucial is the user experience itself. The high-quality P2E game features the proper balance between earning and playability. If there will appear a deficit of one factor, it can't be made up with more of the other. Playability is a set of rules and game mechanics that contribute to the enjoyment of the game. The real essence of game success is the level of positive emotions you draw from a title. It consists of elements like among others metaverse design, graphics, idea, and plot. Authors need to find a golden proportion in composing these elements. Sometimes less is better. Do you remember Heroes III? An outstandingly playable game that was a tremendous success. Although the graphics and story were in second place, it was the gameplay mechanics that made this title extremely popular until now.  Different recipes for the game As a curiosity, we can introduce to you a distinguished mechanics we can meet in Play-to-Earn titles. We have to admit that authors’ creativity is limitless. Take a look at the gaming models' examples: CryptoCars - earning tokens by driving the car through the road, avoiding obstacles. Pegaxy - taking part in horse races, in which the best contestants are rewarded with tokens CryptoBomb - Escaping from the bomb field on 2D boards. If you survive, you win. Farmers World – you buy in-game NFT land, where you grow certain resources, harvest, and sell them The very friendly gameplay and refined economics of such titles make earning straightforward and fun. In that industry, everyone can find a title that fits them. Different recipes for the game. Summarizing Creating a good Play-to-Earn title is an art. It’s a huge challenge from the technical, financial, organizational, and marketing points of view. This is a young branch of the market, so we are now seeing its wonderful innovative beginnings. It’s worth being interested in this industry and bringing as much enjoyment and funds out of it as possible. Sometimes it's better to change the approach and give a chance to modern earning methods. Being landlord and billboard in-game tenant sounds fantastic. It’s simple – you get tokens and exchange them for fiat money.  After all, who in their youth didn't dream of making money from playing?

After years of accumulation and developments dedicated to providing an exceptional trading experience for cryptocurrency traders and NFT assets investors, we are proud to introduce a new interactive NFT launching platform designed for crypto games and traditional games - KuCoin IGO (Initial Gaming Offering). X-Rush Genesis Mystery Box, will be launched at 12:00pm on May 10, 2022(UTC).  Check out what is the latest KuCoin IGO Project X Rush ? X Rush Genesis Mystery Box Terms: Total X Rush NFTs: 9,500 Mystery Boxes IGO Period: 2022/05/10 12:00pm - 2022/05/15 12:00pm (UTC)   Price Items Available X-Rush Genesis Mystery Box 299 USDT 9,492 Limited X Racer Mystery Box Auction Highest price will be determined by bidders 8   *(web-access preferred) What is KuCoin IGO? KuCoin IGO provides a seamless centralized experience for users to purchase, invest and manage their unique NFTs. Like cryptocurrency trading, IGO allows users to directly purchase NFTs and withdraw to their external address with minimum delay, and there is no gas fee for NFTs purchase and NFTs withdrawal. As our IGO partners, KuCoin IGO provides three different approaches to launch your In-Game items via flat rate sales, auctions, or mystery boxes. IGOs can be conducted over several rounds, offering a different number of assets each round with a tiered price structure. What is X Rush? X Rush is a casual play-to-earn game designed to provide players with a fun gaming experience by racing & shooting in multiple universes. Users can collect their favorite racers and customize racing cars to compete with other players on the leaderboard. X Rush is developed by Unity 3D and is also compatible with Web3 wallets. X Rush aims to form a great gaming community, letting players not only enjoy the fun of the game but also be a part of it, contribute, and of course, earn the game token $ XOX. Key Features: NFT (PFP) with Passive Income + Gamefi (P2E) + Share to Earn (S2E) Verified and well-designed Tokenomics Multiple play-to-earn methods for players Developed on Unity 3D Engine Easy to play and accessible game that can be played on mobile (both iOS and Android) What is Genesis Mystery Box? Open the X Rush exclusive Genesis NFT mystery box and get a random X Racer NFT! - 100% chance of getting 1 X Racer NFT X Racer non-fungible tokens are hand-drawn by the illustrators behind the iconic 2009 multiplayer online battle arena League of Legends (“League” or LoL). X Racers are player-owned NFTs minted in the Kucoin Community, which can be traded on the NFT marketplace to another player. Players who hold the X Racer NFT will enjoy the following rights: The ability to earn 50 Tokens per day, with the passive income halved every 50 days; The rights of using X Racer NFT as profile picture in the game, others are default; The rights of generating Testnet invitation code; Potential future airdrops. Find X Rush Official website: https://xrush.io/ Discord: http://discord.gg/xrushio Twitter: https://twitter.com/XRushio Telegram: https://t.me/XRushOfficial Notes: In order to open the mystery box, users must withdraw their mystery boxes to the X Rush official website ; To participate in the IGO, please make sure you have a sufficient amount of USDT in your KuCoin Trading Account; The user hereby confirms that participation in the activity is voluntary, and KuCoin Group has not forced, interfered, or influenced the user's decision in any form; The users from Mainland China are not supported in the IGO. Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses. Find the Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>

Bitcoin lower as expected as we collapse from strong resistance at 40100/300 & now holding below the 100 week moving average at 36000 as I write - for a very important sell signal. Ripple has well & truly broken the 100 week moving average, now at 6700/6750. Ethereum we wrote: bulls have defended the 500 day moving average at 2800/2750 all this week but the failure to beat strong resistance at 2950/3000 I think will trigger a break below here now for an important sell signal. I am talking crash conditions. As expected, we have broken lower for an important sell signal. Today's Analysis Bitcoin shorts at resistance at 40100/300 worked as prices collapse to my targets of 37500/37000 & the important 100 week moving average now at 36000. THIS IS MEGA IMPORTANT OVER THE WEEKEND. Holding below 36000 is a MAJOR SELL SIGNAL. First stop is 28900/700. Obviously bulls need prices above 36000 as quickly as possible, preferably above 37000 to show they are back in control, targeting 38200/400. We should struggle to beat this level here but a break above 38900 then targets 41500/42000. Ripple remains very much in a bear trend & selling in to resistance has been a successful strategy for us for a number of weeks. We have 9 month trend line support at 5680/40, with a low at 5800 so far as I write on Saturday morning. A break below here (& I would be careful if you bet against it) triggers further significant moves to the downside initially targeting 5100/5070. On a break below 5050I am looking for 4300/4250, just to start with. Obviously bulls desperately need prices above 6750 to get back in the game but this seems highly unlikely now. Ethereum breaks strong support at 2800/2750 & holds below here for a medium term sell signal exactly as predicted, targeting 2640 (hit), 2600, 2570 & 2500 (just to start with). Bulls obviously need prices above 2800 as soon as possible but I cannot se this happening. If I am wrong, look for a test of the 100 day moving average at 2900/2950. Shorts need stops above 3000. A break higher is a medium term buy signal.   To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

Table of Content · What is Green Satoshi Token (GST)? · How does Green Satoshi Token (GST) work? · What Makes Green Satoshi Token (GST) Unique? · Who created the Green Satoshi Token (GST)? · Closing thoughts As the web3 ecosystem continues growing at an accelerated pace, developers in the space have had to come up with different projects to satisfy the demands of the growing community. While most developers are focused on Game-Fi, Social-Fi, and DeFi, some have raised the bar even higher.   An example is Green Satoshi Token, a Solana-based project, which created by STEPN, a web-3 lifestyle app that features Game-Fi and Social-Fi elements. The application allows users to earn tokens by walking, jogging, or running outdoors. Through STEPN, Green Satoshi Token pioneered the Move & Earn concept, an achievement that saw the application emerge fourth in last year’s Solana Ignition Hackathon, which comprised over 500 projects. By incentivizing the above physical activities, Green Satoshi Tokens seeks to nudge a generation stuck behind computer monitors or VR headsets into leading a healthier lifestyle. Additionally, the project aims to fight climate change, connect more people to the web3 ecosystem, and encourage the creation of web3 content creation. Watch the GST Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://youtu.be/KUyU1gRptvI How Does Green Satoshi Token (GST) Work? To get started, users need to download the STEPN application, which is currently available in public beta on the Play Store and App Store. Once installed, the application will prompt users to sign up via email. The system will automatically send a verification code to open the app to the provided email address. Once in the app, users will need to set up a wallet by clicking the wallet icon in the top right corner. The system will generate a 12-word secret phrase that helps prevent anyone else from hacking into your wallet. The final step is depositing some Solana (SOL) into the wallet to purchase non-fungible token (NFT) sneakers in the marketplace. The marketplace features a Filter tool to simplify the process of choosing sneakers. It is vital to have an account balance greater than the purchase price of the NFT sneaker because some amount will go to gas fees. After acquiring new sneakers, users can start running or walking to earn the Green Satoshi Token (GST). The sneakers are limited in that they drain energy during every activity. However, 25% of the energy is replenished every six hours. The specific schedule for restoring energy is 00.00, 06:00, 12:00, and 18:00 AEDT time. At the moment, STEPN has one game model, Solo. However, a Marathon option is under development. The game also has a Background mode, which lets users who own sneakers earn GST even if they are not walking or running. In the Solo mode, users need to turn on their location. STEPN does not reward moonwalking. Moonwalking is when a user’s GPS signal is weak, making it impossible to monitor activity or when a user is not walking or running organically. STEPN uses GPS tracking, motion sensor and health data, and machine learning to prevent cheating. From levels 0 to 29 of the game, users can only earn GST. Achieving milestones along the way unlocks various features, including sneaker minting, sneaker leasing, and sneaker sockets in which users can add gems to improve performance. The game has four types of gems. These are Yellow for efficiency, Blue for luck, Red for comfort, and Purple for resilience. At level 30, users unlock the ability to earn the Green Metaverse Token (GMT), STEPN’s governance token. Users can swap between earning GMT and GST at this level, subject to cool-down periods. Sneaker types determine how much a user earns. There are four sneaker types: Walker, Jogger, Runner, and Trainer. Walker sneakers earn to lowest, while Trainer sneakers earn the highest. Each category has five qualities: Common, Uncommon, Rare, Epic, and Legendary. Moreover, STEPN seeks to let users customize sneakers by burning GST, GMT, or NFTs. However, this feature is under development. At the moment, STEPN works with top sneaker brands for unique co-branded releases. What Makes Green Satoshi Token (GST) Unique? The STEPN team will charge a 2% fee for marketplace transactions. These funds will go toward sustaining operations and compensating team members. Notably, the project seeks to inject over 5% of the trading fee into the STEPN ecosystem. Any other taxes that the project collects will go to the STEPN Treasury Pool, which GMT stakers control. The voting increases with the period of locking. Users that lock their GMT for a month have a voting power of 1, while someone that locks their funds for three years has a voting power of 64. Unlike other web3 projects, STEPN is actively combating climate change through a partnership with Nori. With the community having a say on what happens to the funds in the Treasury Pool, STEPN created measures to ensure profitability while minimizing greed. The project offers five voting options. These are Generous Giver, Kind Giver, Matcher, Greedy Teker, and Selfish Taker. Generous Givers vote to dedicate 70% of the profits in the Treasury Fund to carbon offsetting and taking only 30% as dividends. Kind Givers voted to allocate 55% to carbon offsetting and 45% to dividends. Matchers vote to take 60% and donate 40%. Greedy Takers seek to give away 25% for carbon offsetting, while Selfish Takers vote to take 90% of the profits. Who created the Green Satoshi Token (GST)? Jerry Huang and Yawn Rong co-founded STEPN. Huang has over 10 years of experience in game development, operation, and marketing. On the other hand, Rong is a renowned entrepreneur, crypto angel investor, and start-up incubator. Jessica serves as the project’s Chief Strategy Officer (CSO). She has a decade’s worth of experience in offering consultancy services to high-end clients. Ryan Turner is STEPN’s Lead Designer. STEPN also has a robust team of advisors, including Adidas VP Scott Dunlap, Alliance Head of Accelerator William Robinson, Folius Ventures founder Jason Kam, and web3 investor Santiago Santos. The STEPN team has also inked strategic partnerships with leading firms like Solana Ventures, DeFi Alliance, Alameda Research, Sequoia, Folius Ventures, and Binance, to name a few. Closing Thoughts By combining Game-Fi and Social-Fi, STEPN positions itself for success. Offering users rewards for leading a healthy lifestyle helps STEPN secure and maintain a large user base quickly. The project’s devotion to fighting climate change also plays well into its plans, as companies and countries across the globe strive to achieve carbon neutrality or negativity. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>>https://www.kucoin.com/download Source: KuCoin

Bitcoin is trading near $33.5K on Monday morning, declining for the fifth consecutive day. Over the past 24 hours, losses are 2.3%, and are approaching 14% over the past seven days. Ether loses 3.5% in 24 hours and 14.3% for the week, settling near $2450. Altcoins from the top ten are down between 0.8% (XRP) and 4.3% (Cardano). This situation points to an increasingly rapid exit from cryptocurrencies Total crypto market capitalisation, according to CoinMarketCap, is down 2.3% overnight to $1.54 trillion. More worryingly, volumes are rising along with falling prices. This situation points to an increasingly rapid exit from cryptocurrencies, even though the process takes place without sharp dips. We see an orderly exit – a sure sign that downward sentiment may prevail. The Cryptocurrency Fear and Greed Index has collapsed to 11 The optimists, however, have something to hang on to. The Cryptocurrency Fear and Greed Index has collapsed to 11. Over the past year, the index has been at the current or lower level six times, and on each occasion, we have seen either consolidation or the start of a rally and a rebound. In March 2020, when the index similarly reached single digits, we saw an influx of long-term buyers. The current extreme fear may attract buyers who have been waiting for extreme oversold conditions to buy cryptocurrencies long term. In our case with Bitcoin, this could translate into a sharp acceleration of the sell-off after falling below $30K However, we note that the amplitude of crypto market fluctuations does not resemble either a capitulation of enthusiasts or a wave of stop orders triggering. Typically, a trend reversal is preceded by a sharp increase in momentum with the eventual resignation of those who stood against the trend. In our case with Bitcoin, this could translate into a sharp acceleration of the sell-off after falling below $30K, all the way to the $23K or even the $20K area. It is only from this level that major long-term buyers can be expected to emerge.

TL;DR MetaMask is a crypto wallet app and browser extension that primarily interacts with the Ethereum mainnet. To download the extension, you can visit the official MetaMask website. Besides Ethereum, Metamask can also interact with other networks like Fantom. To do this, you’ll need to provide some information to MetaMask. This includes a custom RPC URL, chain ID, and network name. Then, you’ll be able to add Fantom tokens once you import the token address. Adding new blockchains to MetaMask is an important crypto skill that applies to other EVM networks like Binance Smart Chain.   Introduction To get started, you’ll first need a supported crypto wallet like MetaMask. Note that Fantom is not a default network on MetaMask. However, you can easily set up your browser wallet to connect to Fantom in just a few minutes.     Learn more on Binance.com   Installing and setting up MetaMask 1. Download and install MetaMask on Chrome, iOS, or Android through the MetaMask website. To ensure you download the real version, double-check you are on the official MetaMask website.      2. Once you have downloaded and installed the extension, click [Get Started] on the MetaMask welcome page.     3. For new wallet users, click [Create a Wallet]. If you already have a wallet, you can import it using the seed phrase with the [Import wallet] option.     4. MetaMask will ask if you would like to help improve the extension by sharing anonymous usage data. Accepting or refusing this will not affect your MetaMask experience.     5. Create a secure password. This will be used to log in to your wallet. Note that your password is not your seed phrase. The password safeguards your wallet from anyone using your device. The seed phrase allows you to access your crypto even if you forget your password.     6. Now that you have created your password, MetaMask will provide important information about your seed phrase. If you’re new to crypto wallets, make sure to read through this section and watch the video before continuing.      7. Next, click the lock to receive your 12-word seed phrase. Write the words down in the correct order and store them in a safe location (preferably offline). Do not share your seed phrase with anyone. If you lose access, the seed phrase is the last backup to your account. Click [Next] to continue.     8. Confirm your seed phrase by selecting the words at the bottom of the screen in the right order. Once complete, click [Confirm].     9. You have completed setting up your MetaMask wallet. To start using your wallet, click [All Done].     10. For easy access, click the puzzle icon on the Chrome browser to pin MetaMask on your toolbar. By default, Metamask is only connected to Ethereum. In the following section, you will learn how to connect MetaMask to Fantom.     Configuring the wallet 1. You will need to provide some network details to add Fantom support to your MetaMask wallet. First, open MetaMask and click the network dropdown menu.     2. Click [Add Network] on the pop-up.     3. On the [Add a network] page, add the following details. Click [Save] when you’re finished. Network Name Fantom New RPC URL Choose any of the following: https://rpc.ftm.tools https://rpc.fantom.network https://rpc2.fantom.network https://rpc3.fantom.network Chain ID 250 Currency Symbol FTM Block Explorer URL https://ftmscan.com/       4. You have successfully connected to the Fantom network.   Adding Fantom tokens to MetaMask To add Fantom tokens other than FTM, you will need to do this manually. Your wallet can still receive tokens that aren’t imported. 1. Visit FTMScan and find the token contract and details of the token you’d like to add. For tokens not on FTMScan, always look for the contract address from the project’s official website or social media channels. Users should be wary of fake contracts created by scammers.     2. Return to MetaMask and click [Import tokens].     3. Copy and paste the token’s contract address, and MetaMask should automatically fill in the rest of the details. Add them manually if the information is not filled in. Click [Add Custom Token] to finish.     4. Click [Import Tokens].     5. Your wallet will now display the token you added with the correct balance.           Closing thoughts Once Fantom is set up on your MetaMask, you can start transacting, collecting NFTs, interacting with DeFi DApps, and managing your crypto. Plus, you can also swap tokens within the extension. MetaMask isn’t exclusive to the Ethereum network or Fantom. It can also be connected to other networks that are compatible with the entire Ethereum Virtual Machine (EVM). These include the BNB Smart Chain, Polygon, Avalanche, Harmony, and many more. With our step-by-step guide, you’re now ready to add more chains and start exploring.

UST depegged after US$285M sell-off but quickly regains peg. Uniswap reports deeper liquidity on multiple Ethereum pairs than leading centralised exchanges. Cronos Ecosystem Grants Program announces third batch of grant recipients. Key Takeaways The world’s third largest DeFi protocol by total value locked (TVL), Anchor Protocol (ANC), has lowered the UST earn rate from 19.4% to 18.0% annual percentage yield (APY) since 1 May 2022. Also, a proposal to roll out voting escrow ANC (veANC) has been approved. Terra’s UST depegged after a massive US$285 million sell–off on Curve Finance (CRV) and leading centralised exchange. It was soon stabilised and back to peg. Meanwhile, Luna Foundation Guard (LFG) has added another US$ 1.5 billion of Bitcoin (BTC) to its UST reserves. Uniswap V3 (UNI) is reported to have deeper liquidity in multiple Ethereum (ETH) pairs than leading centralised exchanges by about 2x or more. Cronos Ecosystem Grants Program announced the third batch of grant recipients, which include a few DeFi projects, such as Argo Finance. This week’s price and volume indices were negative at -7.04% and -9.75%, respectively, while the volatility index was positive at +38.89%. Highlights Curve Finance (CRV) integrates with Near’s Aurora Network. Terra’s LUNA declines 10% amid UST depegging concern Hacked crypto platform offers ‘No Questions Asked’ US$10 million bounty for stolen funds Total investment in Syndicate DAO tops US$28 million after latest funding round Jane Street dives into DeFi with US$25 million USDC loan Lido (LDO) briefly becomes top DeFi protocol by TVL with US$20 billion staked Juno’s DAO votes to confiscate US$35 million in tokens from whale in messy dispute ’Revolution’ promised by Tron’s Justin Sun looks like clone of Terra’s algorithmic stablecoin Ribbon Finance (RBN) gives half its protocol revenue to stakers Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche Tron DAO buys US$39 million worth of TRX as reserves for its USDD stablecoin whose circulating supply has exceeded US$200 million Polkadex has won the 16th Polkadot’s parachain slot Cardano’s first eUTxO cross-chain decentralised exchange goes live on public testnet Check the latest prices on Crypto.com/Price Top Token Metrics   Metrics Top 20 DeFi tokensmarket cap Top 100 DeFi tokens market cap Current $72.41B $92.35B 7-Day Change -12.73% -11.70% 14-Day Change -20.83% -20.67%       *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens   Metrics Price Volume Volatility Top Gainers CRV (+12.63%)UNI (+0.28%)FXS (+0.07%) ANC (+161.57%)FXS (+101.52%)CRV (+22.22%) ANC (+316.91%)FXS (+207.72%)SPELL (+141.28%) Top Losers VVS (-18.62%)MKR (-17.88%)LDO (-14.20%) CAKE (-50.98%)SNX (-41.55%)AAVE (-33.17%) LDO (-89.80%)SNX (-44.24%)CAKE (-43.75%) Benchmark ETH (-10.30%) ETH (+2.43%) ETH (+47.01%)       *DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI Notable Events CRV jumped as institutional capital flows in.     Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES DEFI Source: crypto.com

The Alpine Esports Series Championship 2022 Powered by Binance will be covered by three live streams starting from 2022-04-28. There will be a combined prize pool of $100,000 worth of ALPINE Fan Tokens and NFTs to be shared. 30 drivers from across 10 countries shall fight it out in the Assetto Corsa Competizione game to claim their share of a $90,000 ALPINE token prize pool from Binance as well as other prizes from Alpine Esports partners. Live stream viewers will be entitled to claim exclusive POAP NFTs and share $10,000 in ALPINE Fan Tokens.   Live Stream Schedule Round 1: Races 1 & 2 on 2022-04-28 at 18:30 (UTC)Watch on Binance Live Round 2: Races 3 & 4 on 2022-05-12 at 18:30 (UTC)Watch on Binance Live Round 3: Races 5 & 6 on 2022-06-23 at 18:30 (UTC)Watch on Binance Live New User Exclusive: Watch Live Streams to Share $6,000 in ALPINE All Binance new users who register for a Binance account via this link starting from 2022-04-28 at 18:30 (UTC), watch the live streams and confirm their participation here will be eligible to share a $6,000 prize pool in ALPINE Fan Tokens on a first-come-first-served basis. Scan POAP QR Code & Claim “Binance Alpine GT4” POAP NFTs Binance Fan Token will be giving away exclusive Proof of Attendance Protocol (POAP) NFTs to reward all viewers attending the live streams of the Alpine Esports Series Championship 2022 on a first-come-first-served basis. Look out for the QR code on-screen during each live stream, scan it, and claim a Binance Alpine GT4 POAP NFT in the Binance app. Users can then view the successfully claimed NFTs in Binance NFT Marketplace > User Center > NFT Assets > Collections. Make sure to tune in early to redeem them as there will be a limited quantity of Binance Alpine GT4 POAP NFTs released. Each Binance Alpine GT4 POAP NFT represents a part of the Binance Alpine GT4 car. Viewers who collect all five POAP NFTs will get a chance to win a limited edition Binance Alpine GT4 NFT Mystery Box on a first-come-first-served basis. This Mystery Box collection has four unique car designs, and each of a different rarity. The rarity of each NFT will be determined by the popularity of each NFT design in the Alpine Fan Voting poll. It could be one of the following: Super Super Rare Super Rare Rare Normal For viewers who are not able to collect all five Binance Alpine GT4 POAP NFTs, they may collect Binance Alpine GT4 NFTs on the Binance NFT Marketplace secondary market. These Binance Alpine GT4 car designs will also be available in the Assetto Corsa Competizione game. Additional Benefits Holders of all five Binance Alpine GT4 POAP NFTs who do not win the Mystery Box will share an ALPINE prize pool worth $4,000. Exact mechanics will be revealed later on the Binance Fan Token Twitter page. Holders of all five Binance Alpine GT4 POAP NFTs will be able to join future ALPINE activities, including purchasing new ALPINE NFT collections, participating in ALPINE NFT PowerStation activities, as well as having access to future metaverse partners. Holders of Super Super Rare Binance Alpine GT4 NFTs will receive limited edition merchandise and tickets to virtual meet & greet, with details being revealed later on Binance Fan Token Twitter page. Terms & Conditions Only users who complete KYC by the end of the activity period will be eligible for any rewards. There will be one QR code for ALPINE Fan Token rewards for new Binance users only, and one QR code for the Binance Alpine GT4 POAP NFTs for all users. Users who collect all five Binance Alpine GT4 POAP NFTs stand a chance to receive a maximum of one Binance Alpine GT4 NFT Mystery Box. Binance Alpine GT4 POAP NFTs and Binance Alpine GT4 NFT Mystery Boxes can be viewed on the activity page accessible only through the live stream, and will be available in respective winners’ accounts via Binance NFT Marketplace > User Center > NFT Assets > Collections. ALPINE Fan Token rewards will be allocated to winners’ Binance Wallets within 14 business days after the activity period ends. Users can view their rewards by selecting Wallet > Distribution. Binance reserves the right to disqualify any participants immediately for any improper behaviors. Binance reserves the right to cancel or amend the Activity or Activity Rules at our sole discretion. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Risk Warning: Binance Fan Tokens may fluctuate in value and you should conduct your own due diligence of the suitability of tokens and the risks involved before you enter into any transaction. To access and use the Binance Fan Token Platform you must go through our mandatory KYC and Identity Verification process and agree to the Binance Fan Tokens Terms and Conditions and the general Binance Terms of Use. Binance has the right to modify and terminate tokens, utility features, and the entire Binance Fan Token Platform with all its related content without notice or liability to users. 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Bitcoin has fallen by more than $6,700 in recent days. It increased the range of the ongoing depreciation, which started on 28 March, to over $14,800 - nearly 31%. Counting from the all-time peak in November 2021, the BTC exchange rate dropped by almost $56,000, nearly 51%. Such a significant sale meant that you had to pay less than $34,000 for Bitcoin on Monday morning, one of the lowest levels since July 2021. Given that breaking one technical support level usually opens the door to further drops to the next support area, a decline in BTC below $34,500 could signal its continuation towards $29,500, which would be one of the lowest levels since early January 2021. Read next: Look At That! Bitcoin (BTC/USD) Has Plunged By 22%! Huge Drop Of ETH/USD (Ethereum Price) Price Is Here As Well! | FXMAG.COM The current Ethereum situation is also very interesting. The exchange rate of this cryptocurrency fell by more than $1,150 in just over a month, which was over 32%. These declines caused the ETH price to slide below the upward trend line. The subsequent sell-off also beat horizontal support of $2,735, and we also saw an attempt to go below $2,500 on Monday morning. Read next: Geco.one Crypto Update! Ether (ETH) Has Decreased By Ca. $750! Plunging (BTC/USD) Bitcoin Price! Bitcoin Has Fallen By More Than $4,000 In Recent Days, Solana (SOL) Is Below $100 | FXMAG.COM All this means that we could expect further depreciation of ETH to the region of $2350 soon. However, if this support is also defeated, then the price of this cryptocurrency could go even towards $1,750. It is only there that another significant support is found, in the vicinity of which we could expect a more substantial demand response. Looking at the Litecoin quotations, we can see that the price of this cryptocurrency has recently dropped below the technical support of $95. You currently have to pay around $90 for LTC, the lowest level since December 2020. Counting from the peaks of May 2021, the exchange rate of this cryptocurrency has already dropped by over 78%. As long as this sale continues, Litecoin could return to around $67 - only there is another important support. The current situation on the Polygon cryptocurrency prices is also interesting. Over the last five days, the Matic price has lowered by more than 22%, thus increasing the depreciation range that started on 31 March to over 47%. Counting from the peak of implant times on 27 December 2021, the price of this cryptocurrency has already plunged by 68.5%. Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest | FXMAG.COM Such a large sell-off naturally led to several significant support zones, the last of which was at $1. If the market were to move towards another technical support now, we could see a return to the $0.69. It is only there that there is another barrier in the vicinity of which we could expect the emergence of greater demand response. We could also expect a continuation of declines in the Cardano quotations. Its price lowered since September last year by almost 78%. Such a significant sale meant that you had to pay just over $0.69 for this cryptocurrency, the lowest level since February 2021. As long as the sell-off continues, the ADA rate could drop as low as $0.40. You can watch the Market Analysis here: Start your Crypto trading adventure with https://app.geco.one

Summary: Arqu trading platform How to trade and earn yields on the Aqru platform. Advantages of the Aqru platform Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Aqru is a crypto staking platform that makes it simple for investors to earn interest on their cryptocurrency investments. Aqru cryptocurrency is one of the only listed equities primarily offering exposure to the DeFi sector. Aqru currently offers a yield on certain cryptos such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) and Dai (DAI). If investors hold BTC and ETH they can earn up to 7% APY, if investors hold USDT, USDC and Dai, they can earn up to 12% APY. It is easy for investors to take advantage of compounding interest as the interest is paid daily. Aqru ensures security for users on the platform In order to ensure security for its users whilst they earn interest, Aqru makes use of encryption in transit, encryption at rest and address whitelisting. Users are able to protect their assets with their bank level security and deposit protection insurance, this happens because Aqru makes use of a multi-layered insurance policy, this protects the value of users assets from hacking. In addition Aqru uses the latest Multi-stig technology from Fireblocks (a leading wallet provider) to keep users' assets safe. Encryption in transit protects user data if communications are intercepted whilst transferring between the site and cloud provider. Encryption at rest is designed to protect users from attackers accessing unencrypted data. Address whitelisting enables crypto withdrawals to be transferred to addresses already designated in the users address book. Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. To give their users peace-of-mind, Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. In addition, yield opportunities are monitored by the experienced risk management committee to ensure Aqru stays ahead of all market trends. Fees for using Aqru There are no fees for using this platform nor are there fees for fiat withdrawals, when withdrawing cryptocurrencies there is a $20 flat fee that is charged on the asset you are withdrawing and a 0.5% fee based on the asset value. The platform accepts payment via card, bank transfer, or wallet-to-wallet crypto payments. Aqru’s method for generating enough returns to pay to their users Aqru generates returns by lending out their users digital assets to institutional and retail borrowers as well as participating and supporting decentralised exchanges. The deposits lent to decentralised exchanges are insured and the platform maintains a rigorous risk management process. Money lent to institutional and retail investors is 100% collateralised, thus allowing ease of returns and to pay customers daily. The returns generated by crypto assets remain high as investors are willing to pay high interest for assets that are not readily available by traditional means. As the crypto market grows and capital becomes more available, yields on crypto assets will decrease. Once users have uploaded their funds to the platform, the value of their assets are distributed into a liquidity pool, which is then distributed to earn a fee on pool-to-peer lending platforms. Aqru makes money by taking a share on the income earned from the liquidity pools. There is a lot of room for Aqru and like-companies to grow as investors begin to realise the benefits of gaining safer yields from safe platforms like Aqru. Aqru also offers services to institutional investors Aqru also offers services to institutional investors with bespoke terms for larger investors, if institutional digital assets allocation becomes larger, Aqru’s addressable market becomes larger. Advantages of investing in Aqru: There is no need for investors to go out of their way to start earning interest. If investors do not own cryptocurrency, they can invest fiat currency and the Aqru platform will take care of exchanging it into the cryptocurrency of your choice, if investors wish to do so. There is no native coin on the platform that investors need to hold in order to receive the best interest rates. There is no lock-in period, i.e investors are welcome to withdraw their funds at any time. Aqru processes withdrawals within 24 hours and does not charge fees on fiat withdrawals. User-friendly platform. The platform is currently giving away 10 USDT to every user that signs up to the platform. Aqru also offers services to institutional investors Becoming an Aqru member is simple, it starts with setting up an account on the platform, which is designed to help users get to know and understand the platform. After account creation users can either fund it by fiat or cryptocurrency transfers. In order to sign up to Aqru accounts, the user will need to go through a verification process to confirm the user's identity and the legitimacy of the funds. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  Sources: aqru.io, edisongroup.com, economictimesindiatimes.com.

Financial markets still seem to be discounting the prospects of more difficult and expensive capital raising after interest rate hikes and a weaker outlook for the economy with consumption falling due to inflation. For the first 10 days of the month alone, the German Dax fell by about 4 percent, the U.S. Nasdaq 100 by 3.7 percent, the S&P 500 by 2.5 percent Thus, the stock market saying sell in May and go away in 2022 sounds prophetic, as since the beginning of the month it has been hard to find financial assets that could gain in value. For the first 10 days of the month alone, the German Dax fell by about 4 percent, the U.S. Nasdaq 100 by 3.7 percent, the S&P 500 by 2.5 percent, and the DJIA by 1.5 percent. Silver has dipped by 4.5 percent, Meanwhile, since the beginning of the month, the U.S. dollar has gained 0.64 percent. The markets are therefore seeing a broad outflow into cash as part of the potential cash phase of the business cycle, which typically occurs before the bond phase, when these have reached the peak of their yields. This, in turn, may be related to the anticipation of interest rate hikes and a peak in inflation. Nevertheless, it can be added that today's financial market offers solutions that can allow trading both under the rise and also under the fall of financial asset prices, including cryptocurrencies. It is cryptocurrencies that may be the loudest again today, since the beginning of May brought a crash in this market. It is cryptocurrencies that may be the loudest again today, since the beginning of May brought a crash in this market. Tonight bitcoin was trading near of $29,000, which was the lowest value since the crash in May 2021. It is safe to say that history has repeated itself in May 2022, and the background seems very interesting. We are talking about the breaking of the stablecoin UST, which at one point was trading below $0.7. This in turn may have forced the release of bitcoin reserves, which were a hedge against a 1:1 UST to USD exchange rate and a massive supply of BTC tonight. The event was reminiscent of George Soros' breaking of the Bank of England or the release of the franc from the minimum exchange rate at 1.20 against the euro. Whether cryptocurrencies can recover from this remains an open question, as one of the stable coin foundations has been undermined Once again the financial market, this time in crypto, served up an event like we have never seen before and on a scale that has not been seen before. Whether cryptocurrencies can recover from this remains an open question, as one of the stable coin foundations has been undermined. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Forex service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Bitcoin collapsed 9.5% on Monday and dipped temporarily below $30K in early trading on Tuesday, stabilising at $31.3K. Ethereum has lost 3.9% in the past 24 hours, while other leading altcoins in the top 10 have fallen from 8.7% (Solana, Cardano) to 12% (Avalanche). Bitcoin's dominance index rose 0.3% to 41.8% on more altcoin weakness Total crypto market capitalisation, according to CoinMarketCap, fell 7% overnight to $1.44 trillion. Bitcoin's dominance index rose 0.3% to 41.8% on more altcoin weakness. Terra and TerraUSD continue to lose ground The cryptocurrency Fear and Greed Index was down 1 point to 10 by Tuesday and remains in a state of "extreme fear", touching a low point for the seventh time in the past year. An even higher level of fear in the last four years that we have only seen in March 2020 and September 2019. The current plunge is a retouch of the lows made in January and July last year for the first cryptocurrency Terra and TerraUSD continue to lose ground. Against this backdrop, the Luna Foundation Guard (LFG) has committed $1.5bn to protect the "stability of UST and the Terra ecosystem as a whole". Stablecoin UST, designed to be as close to the value of the USD as possible, lost more than 30% at one point overnight. But at the time of writing, it is trading at a 14% discount to the US currency. The current plunge is a retouch of the lows made in January and July last year for the first cryptocurrency. This could look like a last line of defence for the bulls, who may try to push back from the lower end of the trading range since early January. However, many markets are on a similar informal frontier separating a correction from a potential collapse, so the situation in the crypto market could largely determine sentiment in the deeper debt and equity markets. As we can see, Ether and Bitcoin remain resilient and robust enough to make them somewhat of a safe harbour within the stormy crypto sea Judging by the dynamics of Stablecoin, the crypto market is undergoing one of its most massive tests of the entire market periphery, which could determine the credibility of the crypto market for many months or years to come. As we can see, Ether and Bitcoin remain resilient and robust enough to make them somewhat of a safe harbour within the stormy crypto sea. At the same time, the collapse in quotations has not yet affected miners' confidence in the cryptocurrency's future, as the BTC network's hash rate continues to grow. Ray Dalio, the founder of Bridgewater Associates, one of the biggest hedge funds, said that bitcoin should be in investors' portfolios. Still, the cryptocurrency itself is not a good competitor to gold in terms of inflation protection. But that could change in the next five to 10 years.

Ethereum price bounces off the $2,200 support level after a 12% crash over the last three days. Investors can expect a retest of $2,541 before ETH crashes to $1,730 to collect the sell-stop liquidity. A three-day candlestick close above $3,079 will invalidate the bearish thesis by producing a higher high. Ethereum price has sealed its bearish fate after breaching the consolidation pattern’s lower trend line on May 6. This development has worsened the situation and caused a steep correction for ETH. Ethereum price provides an opportunity Ethereum price set three distinctive higher lows and two higher highs since the January 22 crash. Connecting the swing points using trend lines reveals an ascending parallel channel. This technical formation ideally results in a bearish breakout On May 6, Ethereum price breached the ascending parallel channel’s lower trend line, indicating a breakout. This downswing move caught traction and led to an 18% drop in ETH price in less than a week. At the time of writing, Ethereum price is trading around the $2,199 support level, where buyers seem to be scooping ETH up at a discount. However, considering where Bitcoin price stands, further downside seems more likely. Hence, investors need to be cautious and smart in buying the dips. There might, however, be a minor uptick in buying pressure that could push Ethereum price up to the $2,541 hurdle. This level is likely where the upside is capped for ETH before sellers take control. ETH/USDT 1-day chart Supporting this downswing in Ethereum price is the 30-day intraday Market Value to Realized Value (MVRV). This on-chain metric is used to determine the average profit/loss of investors that purchased ETH over the past month. Based on Santiment’s research, a value ranging from -10% to -15% is termed an “opportunity zone,” since the short-term holders are at a loss and are less likely to sell. However, for ETH, the local base was formed around -16%, which is where the MVRV is currently at and also explains the recent uptick in buying pressure. However, there is another potential base around -30%, where ETH stabilized after crashes in May 2021 and January 2022. Therefore, the chances of Ethereum price heading to $1,730 are high as portrayed by the MVRV 30-day chart. ETH 30-day MVRV intraday Further worsening the situation for bulls is the supply distribution seen across whales holding between 100,000 to 10 million ETH. The first set of wallets – those holding between 100,000 and 1,000,000 ETH – has dropped from 1,452 to 135 over the past three months. For the other group, these numbers have dipped from eight to five. The generalized decline in institutions holding Ethereum indicates that they are not confident in the performance of ETH price in the near future. ETH supply distribution Driving the bearish thesis home is the recent uptick in the supply of ETH on exchanges from 14.86 million to 15.37 million since April 20. This 3.4% surge indicates that investors are moving their tokens to centralized platforms to potentially sell and also adds credence to the outlook described in the supply distribution chart above. ETH supply on exchanges While the bearish outlook seems plausible, a spike in bullish momentum could alleviate the sell-side pressure. However, a three-day candlestick close above $3,079 will invalidate the bearish thesis by recovering its losses. In such a case, Ethereum price could further rally to $3,703 and set a higher high, confirming the start of an uptrend.

WEEKLY: Left Chart XRP is overall bearish however it is currently sitting around a strong support zone (0.5 - 0.6) so we will be "looking" for buy setups on lower timeframes. Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co. | FXMAG.COM H4: Right Chart XRP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, XRP can still trade lower inside the support zone or even break it downward to test the lower support (0.15 - 0.25) Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform | FXMAG.COM Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Table of Contents · Crypto Market Overview · Top Altcoin Gainers and Losers · News Highlights This Week · Bitcoin (BTC/USDT) Analysis on KuCoin Chart On Monday, cryptocurrency prices were in a slight bearish mode and the global crypto market cap was $1.60 trillion, down 3.36 percent from the previous day. Total crypto market volume fell 12.97 percent in the last 24 hours to $80.16 billion.   The total volume in DeFi was $9.10 billion, accounting for 11.35 percent of the total 24-hour volume in the crypto market. All stable coin volume was $74.84 billion, accounting for 93.35 percent of the total crypto market 24-hour volume.   Algorand (ALGO) and TRON (TRX), which increased by more than 20% and 15% respectively, were two major contributors to the gains. So let's take a quick look at the latest crypto market news and the technical outlook of Bitcoin.   Crypto Market Overview Bitcoin dominance is now sitting at 41.60%, down from 42.32% last week. The leading cryptocurrency by market was trading at $33,546.49 while Ethereum, the second-largest cryptocurrency by market capitalization, has plunged by 14.24% in the past seven days. On Monday, it was trading at $2,433.30, a 4.49% surge in 24 hours.   Algorand (ALGO), TRON (TRX), and 1inch Network (1INCH), on the other hand, remained the top performers from the previous week. ALGO increased by more than 20% to trade at $0.072, while TRX increased by 20.72% in the last seven days to $0.08613. 1INCH, on the other hand, rose 11.53% to $1.29.   Cryptocurrency Market Heatmap | Source: Coin360   While ApeCoin (APE) maintained its bearish momentum, losing 31.72% to $11.14 in the last seven days. The crypto market's trading sentiment has shifted negatively due to risk-off sentiment, and digital assets are struggling to rise.   Top Altcoin Gainers and Losers Top Altcoin Gainers: ➢ Algorand (ALGO) âž  31.72% ➢ TRON (TRX) âž  27.05% ➢ 1inch Network (1INCH) âž  26.08%   Top Altcoin Losers: ➢ ApeCoin (APE) âž  31.72% ➢ Terra (LUNA) âž  27.05% ➢ Kava (KAVA) âž  26.08%   News Highlights Here are some of the events that made the previous week's crypto news section stand out:   Klein Finance Completed a Funding Round With KCC Chain and KuCoin-Ventures Klein Finance, a KCC (Kucoin Community Chain)-based stable coin liquidity provider and exchange platform, has announced the launch of its funding program. KuCoin Ventures and the KCC chain have already invested millions of dollars.   Klein Finance's project technology development is believed to be nearly complete, and the new funds will be used for project promotion and team expansion, as well as the subsequent opening of the technology and expansion of its structured products. Klein Finance's financing plan is said to be continuing.   Value Locked in DeFi Slides 17% to $182 Billion Decentralized finance (DeFi) protocols have lost considerable value in the last month, with 17.77 percent shaving off the TVL in defi since April 8, 2022. Curve Finance, the largest DeFi protocol in TVL size, lost 16.55 percent in value over the last month, while Lido lost 13.28 percent. This month, Anchor's TVL is down 10.15 percent, Makerdao's TVL is down 20.48 percent, and Aave's TVL is down 21.12 percent.   Total Value Locked | Source: defillama   Aave's version three (v3) and Tron's Sunswap protocols saw significant 30-day TVL gains. The TVL in defi has lost 6.25 percent of its value in the last 24 hours, and the largest protocol by TVL today is Curve Finance. Curve's $17.24 billion TVL currently leads the aggregate by 9.46 percent as of Sunday afternoon (ET).   However, the drop in TVL is putting additional pressure on overall crypto trading sentiment, driving a bearish bias in the cryptocurrency market.   Bitcoin Extends Sell-Off as US Federal Reserve Hikes Fed Fund Rate by 50 Basis Points Bitcoin is tossing in profit and losses at $33,366 amid risk-off market sentiment. Since February, it fell to its lowest level and has dropped around 14 percent since last Monday. The digital asset has fluctuated between $33,000 and $48,000 since the beginning of the year. It was the last trading under $32,000 in July. Ether, Avalanche, and Solana have all dropped this week.   Bitcoin has largely traded in tandem with tech stocks; both the coin and the tech-centric Nasdaq 100 reached all-time highs in November and have since been on a volatile downward path. The Nasdaq 100 fell for the fifth week in a row.   The Federal Reserve raised the fed funds rate target by half a point to 0.75 percent -1 percent during its May 2022 meeting, the second consecutive rate hike and the largest increase in borrowing costs since 2000, in an effort to combat rising inflation.   The central bank also stated that further increases in the target range will be appropriate, with Chair Powell indicating 50 basis point hikes in the coming meetings.   On June 1st, the Fed will also begin reducing asset holdings on its $9 trillion balance sheet. For the first three months, the plan will roll off $30 billion in Treasuries and $17.5 billion in mortgage-backed securities per month, increasing to $60 billion and $35 billion for mortgages per month.   On the economic front, policymakers noted that the invasion of Ukraine and related events are adding to inflationary pressures and are likely to stifle economic activity. Furthermore, COVID-related supply chain disruptions in China are likely to exacerbate.   Risk-off Sentiment Drives Downtrend in Crypto and Stocks The market's trading sentiment has shifted to bearish or risk-off, as investors seek to invest in risk-free securities rather than risky assets such as stocks and cryptocurrencies. With an increase in interest rates, companies that use debt financing must pay higher interest rates, reducing their profitability. As a result, investors who want to receive dividends or capital gains tend to sell their securities or stocks on the stock exchange.   Traders redirect their investments to less risky assets such as government bonds and treasury bills. As we recently learned, there is a positive correlation between the global stock markets and cryptocurrency prices. As a result, a drop in the stock market is causing a drop in cryptocurrencies. Check out the KuCoin trading strategies for surviving a cryptocurrency crash.   Fear and Greed Index Signals Extreme Fear, Cryptos on a Downtrend The Crypto fear and greed index analyzes emotions and sentiments from various sources and condenses them into a single number. The Fear & Greed Index for Bitcoin and other major cryptocurrencies is calculated daily. The crypto market sentiment shows a score of 11, indicating a strong bearish sentiment across the investors.   Fear & Greed Index | Source: Alternative   On Monday, the fear and greed index continues to exhibit extreme fear, indicating a bearish bias among cryptocurrency traders is getting weaker. Extreme fear can indicate over-anxious investors. It could be a good time to buy as cryptocurrency markets are in an oversold zone. So, look for buying positions as the bulls may enter soon.   Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin is trading at $33,600, with a strong bearish bias. On the daily timeframe, the BTC/USDT is heading south to retest the major support level of $32,990. Since the BTC/USDT has formed a bearish engulfing pattern, the odds of a downtrend continuation remain pretty high.   Furthermore, the candlestick pattern "Three Black Crows" also signaled a solid bearish trend. The RSI and MACD are holding under 50 and 0, respectively, indicating a selling trend. Hence, a downward breakout of the 32,990 support level exposes the BTC/USDT price towards the $29,050 level.   BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   On the upside, the leading cryptocurrency, Bitcoin’s immediate resistance stays at the $37,400 level. A spike in demand, and a slice through the $37,400 level exposes Bitcoin towards $40,000 or $42,600 levels.   Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.       Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange Download KuCoin App >>> https://www.kucoin.com/download Also, Subscribe to our Youtube Channel >>>Listen to 60s Podcast Source: KuCoin

Victoria, Seychelles – KuCoin, a global leading crypto exchange, announced a $150 million pre-Series B funding round, bringing its valuation to $10 billion. The round, led by Jump Crypto, saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. The new influx of capital will allow KuCoin to go beyond centralized trading services and expand its presence in Web 3.0, including crypto wallets, GameFi, DeFi, and NFT platforms through investment arms like KuCoin Labs and KuCoin Ventures. KCC, the public chain built by KuCoin's community members, will also be a significant infrastructure where resources will be deployed to create a decentralized ecosystem. Read more: Bitcoin Price (BTC/USD) Falls And We're Wondering When The Bearish Market Ends... Weekly Crypto Analysis: Bitcoin Falls to Half Its Peak, Everything You Should Know Today | KuCoin| FXMAG.COM KuCoin also plans to leverage the pre-Series B round to: Build the next generation of KuCoin core trading system, resulting in tenfold performance improvement. Support KuCoin’s global regulation efforts to better serve 18 million users in over 200 countries and regions. Enhance security and risk management systems to make the platform more secure and accessible. Johnny Lyu, CEO of KuCoin, states: "The vote of confidence from prominent investors, including Jump Crypto and Circle Ventures, solidifies our vision that one day everyone will be with crypto. KuCoin is built for all classes of investors, and we believe these new investors and partners will contribute to making KuCoin synonymous with a reliable and trustworthy gateway into crypto space."   Tak Fujishima, Head of Asia, Jump Crypto, said: “KuCoin provides a comprehensive platform of crypto services to a global audience, which is one of the many reasons we’re proud to lead this round. We are pleased to support the company as it continues to grow and expand its offerings in futures and margin trading, lending, staking and passive yield generation to support the growth of Web 3.0 and the crypto markets.” According to CoinMarketCap, KuCoin is the fifth largest crypto exchange on the market. In November of 2018, KuCoin secured $20 million in Round A funding.  Read more: KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!| FXMAG.COM About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 700 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 18 million users in 207 countries and regions around the world. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Also, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin the Best Crypto Exchanges and Apps for enthusiasts. To find out more, visit https://www.kucoin.com.  

#Bitcoin Update🔥 Technically, we are repeating the same movement as in 2017. Bitcoin dropped by -84% from all time high from $19,799 to $3,159. As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017. Read more: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co. | FXMAG.COM This same setup is repeating itself. The current bear cycle started in November 2021. So far, Bitcoin has dropped by -58% from all time highs at $68,996 to $29,000. Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section Read more: Despite The Year The Stock Market Has Seen, One Asset Has Succeeded: The US Dollar| FXMAG.COM Please support this idea with a LIKE if you find it useful Happy Trading https://www.tradingview.com/chart/BTCUSDT/PJoZplyZ-Bitcoin-2022-Roadmap-to-19k-16k/ Join my FREE Telegram Channel for daily updates and signals https://t.me/Petrock_Signals

Will it break this time? It goes without saying that it’s been a pretty torrid six months for bitcoin since hitting all-time highs close to $69,000. Soaring inflation has forced central banks around the world into action and at the most aggressive pace since the global financial crisis. What’s more, there’s much more to come, so much so that recessions may well be on the cards. Risky assets have been pummelled as a result, few more so than the ultimate risk asset – bitcoin. Cryptos are no strangers to volatility, even the likes of which we’re currently witnessing, with bitcoin now more than 50% from its highs. But is this time different? They haven’t had to contend with aggressive rate hikes and widespread risk aversion in the way we’re seeing now. At one time, bitcoin was being called a safe haven, an inflation hedge, and a deflation hedge, among other things. Right now, it’s clear it’s a risk asset and one that could be in for a lot more pain if a key support level is broken. We’ve seen $30,000 tested many times before and each time it has rallied strongly from that level – there have been brief moves below but they’ve always been short-lived – establishing it as a critical level of support in the process. If that level significantly breaks, it could be a real blow and we could see sentiment turn far more negative rapidly. Below here, there’s no obvious support until $20,000 with $24,000 perhaps offering some reprieve. The reason is the rally after breaking above $20,000 was so aggressive it took only 17 days to hit $30,000 and it’s barely traded below since. Could we see a repeat in reverse? This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bitcoin added a symbolic 0.1% on Tuesday, ending the day around $31K and adding another $500 this morning. Ethereum has been adding 0.2% in the past 24 hours. Other leading altcoins from the top 10 showed mixed dynamics, ranging from a 10.8% decline (Avalanche) to a 0.2% gain (Binance Coin). The total capitalisation of the crypto market, according to CoinMarketCap, declined 1.6% overnight to $1.42 trillion. The Bitcoin Dominance Index rose 0.4% to 42.2%. The Cryptocurrency Fear and Greed Index added 2 points to 12 by Wednesday, starting recovery from an area where it rarely lingered. Cardano creator Charles Hoskinson has announced the beginning of new crypto winter Although Bitcoin managed to close Tuesday’s trading with a proper strengthening, a powerful offensive did not happen, as bull buying was choked again by stock market pessimism. It remains a situation where the stock or debt markets will determine whether we see another rebound from the critical $30K level or a failure of support and a complete surrender of the buyers. Cardano creator Charles Hoskinson has announced the beginning of new crypto winter. However, he does not see any factors that could trigger the market to rebound soon. Read more: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform | FXMAG.COM Cryptocurrency investment company Galaxy Digital reported a net loss of $111.7 million for the first quarter of this year. Galaxy Digital founder Mike Novogratz allowed bitcoin to decline further in the coming quarters due to the negativity on Wall Street. Meanwhile, last week saw an influx of institutional investors into crypto funds after four weeks of capital withdrawals. El Salvador has bought another 500 bitcoins at an average of $30,744 MicroStrategy chief executive Michael Saylor said it has no plans to sell its cryptocurrency reserves. He said bitcoin would have to fall below $3562 for the firm to have insufficient assets to secure loans. El Salvador has bought another 500 bitcoins at an average of $30,744 amid a fall in the crypto market. Last autumn, the country’s recognition of BTC as legal tender was a landmark event for the global economy.

Summary A look into Terra (UST) coin. Luna and Terra coins. Advantages of holding Terra coin. Past present and future prices. Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Terra is a public blockchain protocol. Terra is a public blockchain protocol that deploys a suite of algorithmic decentralised stablecoins which underpin a thriving ecosystem which brings decentralised finance to a large number of users. Terra assets are supported by leading blockchains. Stablecoins are coins whose value is pegged to a cryptocurrency, fiat currency or to exchange-traded commodities. Terra USD was created in January 2018 and was launched in late 2021. Terra has a market cap of $4.391 Billion, a circulating supply of 407.49 million with no maximum supply. Terra is the leader of decentralised and open-source publics blockchain protocol for algorithmic stablecoins Terra is the leading decentralised and open-source public blockchain protocol for algorithmic stablecoins. The protocol uses a combination of open market arbitrage, incentives and decentralised oracle voting. With this combination, Terra makes stablecoins that track the price of any fiat currency. Read next: (USDC) USD Coin, What Is It And How Does It Work? - Important Altcoins !| FXMAG.COM The Terra ecosystem is a rapidly expanding network of decentralised applications, creating a demand for Terra and pushing Lunas price up. Terra is an industry-leading decentralised stablecoin reflected by $USDT. It has a vibrant Smart Contracts platform. Terra has a thriving cross-chain DeFi environment. Terra is built on the Cosmos SDK & Tendermint consensus. Terra and Luna: the 2 main coins of the protocol. Luna is Terra’s native staking coin which absorbs the Terras price volatility. Luna is used for mining and governance. Users stake Luna coins to validators who then record and verify transactions on the blockchain in exchange for rewards from transaction fees. The more Terra is used the more Luna is worth. Luna provides its holders with staking rewards and governance power. Terra stablecoins track the price of fiat currencies: Users make new Terra coins by burning Luna. Terra and Luna are always tradeable at a 1:1. 1 USD can be traded for 1 UST. Stablecoins and Terra: The main feature of the Terra protocol is its stablecoins, the TerraUSD coin can be used like fiat currency with added blockchain benefits: lower fees, faster settlement processing times, instant transactions and unchangeable public ledger. If stablecoins maintain their price pegs they are considered valuable. Terra protocol determines the price of the Terra coin using the basic markerket forces of supply and demand - when demand is high, supply is low and therefore the price increases. The protocol keeps the price stable by ensuring supply and demand is balanced. Terra protocols algorithmic market module helps to keep the price stable, which incentivises the burning of Terra through arbitrage opportunities. Arbitrage refers to the making of money on an asset through price differentials between markets. Scalability of Terra: Terras protocol is scalable, which is designed to maintain Terras price stability regardless of volatility, demand or market size. Scalability refers to the ability of Terra’s protocol to receive a large influx of transactions at a time. Terra offers rewards for holding the coin Terras protocol incentivises validators and delegators with staking rewards, in the form of gas and swap fees Gas: to avoid spamming, fees are computed onto each transaction. Validators have the power to add minimum gas prices and reject transactions that have implied gas prices below their set level of. Swap fees: tobin tax refers to the fee for swapping Terra UST stable denominations. Spread fees refer to the price discrepancy between Terra and Luna. The swap fees are directed to the Oracle reward pool, which are then distributed over two years to validators who faithfully report correct Oracle prices. Advantages of holding Terra UST There are many advantages of holding Terra coin, it is decentralised and permissionless which makes it ideal for the economy. Interoperability: this means it is able to run on multiple chains. Terra is live on Ethereum and Solana with plans of expansion in the future. Programmable: development focused agenda, which allows programmers to build smart contracts in Rust, Go and Assemblyscript. Oracles are off-chain sensors that have the ability to communicate data to-and-from the blockchain. Streamlined Financial: Terra aims to reduce or completely remove the need for credit card networks, banks and payment getaways with a single blockchain layer. The Sustainability Of Terra Terras coin uses a proof-of-stake model, which means validators verify transactions based on the number of coins they hold. Proof-of-stake models are less energy intensive than some competing models. Past, present and future price movements Terras price has been stable in the past thanks to its market module based on supply and demand. However, investor fears around the general state of the market has been causing the crypto market to see sufficient drops in prices. Investors see the future price of Terra to see substantial increases in the future when markets start to normalise. Terra USD Price Chart Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Sources: coinwut.com, finance.yahoo.com, terra.money, securities.io, investorplace.com

It’s D-day of the week: we will see whether inflation in the US started easing in April after hitting a four-decade high in March, and if yes, by how much. A soft inflation read will come as a relief that the Federal Reserve’s (Fed) efforts to tame inflation start paying off, but any disappointment could send another shock wave to the market. In the FX, the US dollar extended gains, despite the easing yields yesterday, as the risk-off flows continued supporting the greenback For now, activity on Fed funds futures give almost 90% chance for a 50-bp hike in FOMC’s June meeting; there is a lot left to be priced for a 75bp hike, if the data doesn’t please. To avoid pricing in a 75bp hike at next FOMC meeting, we must see an encouraging cooldown in inflation. In the FX, the US dollar extended gains, despite the easing yields yesterday, as the risk-off flows continued supporting the greenback.   The barrel of US crude tipped a toe below the $100 level on news that the Europeans softened their sanctions proposal against the Russian oil The levels against the majors like euro, yen and sterling remained flat, but the positive pressure in the dollar, combined with Turkey’s unconventional monetary policy start giving signs of exhaustion. The dollar-try advanced past the 15 mark, and the government asked institutions to make their FX operations within the most liquid trading hours. Two weeks ago, the bank had revised its regulations on banks' reserve requirements, applying them to the asset side of balance sheets in order to strengthen its macroprudential policy toolkit. The latter required reserves now pressure the overnight rates to the upside – suggesting that the unconventional policy is near limits. Energy are up and down… but mostly up. The barrel of US crude tipped a toe below the $100 level on news that the Europeans softened their sanctions proposal against the Russian oil, but oil is already above the $100 this morning. The upside potential is fading due to slower global growth prospects, and the Chinese lockdown. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Watch the full episode to find out more! 0:00 Intro 0:24 All eyes on US inflation data! 2:30 Market update 3:50 Strong US dollar threatens lira stability 5:50 Risks in energy markets remain tilted to the upside 6.35 Why Chinese zero Covid policy won’t work 8.07 Coinbase hit hard by crypto meltdown 8:39 Energy, still the best option for investors Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.  

Table of contents · What is KaraStar (KARA) ? · How does KaraStar (KARA) work? · What makes KaraStar (KARA) unique? · Who created KaraStar (KARA)? · Closing thoughts As the world continues shifting to the digital age, more and more people are finding it pertinent to focus their lives on the metaverse. According to research, the metaverse was worth $63.83 billion in 2021. Analysts predict that this value will rise above $100.25 billion by the end of 2022 and hit $1.53 trillion by 2029.   Looking to make a statement in the rapidly growing space, KaraStar seeks to project real-world economic value on a virtual game. The KaraStar virtual world empowers creators to develop a one-of-a-kind Play-to-Earn (P2E) ecosystem.   Through this game model, KaraStar allows gamers to stay entertained, earn money and find peace and love by acting as masters to pets dubbed Kara. By combining an opportunity to earn and positive emotions in one game, KaraStar aims to attract numerous players to build a virtual universe together.   How Does KaraStar (KARA) Work? KaraStar runs on BNB Chain, formerly Binance Smart Chain (BSC). In the game, players are considered creators. The KaraStar game currently features two modes. These are player-versus-player (PVP) and player-versus-environment (PVE). Under PVE lies Dungeon gameplay, where players obtain bonuses in UMY tokens by exploring maps and killing monsters.   On the other hand, PVP includes battling in arenas and tournaments. This mode is suitable for comKarasitive games, which display a player’s understanding and strategy of the game. KaraStar plans to offer crypto worth tens of millions for players participating in the comKarasition.   To start participating in PVP or PVE games, players need to buy three or more non-fungible tokens (NFTs). Through the earned UMY, players can choose to breed or evolve their Karas. Evolving a Kara involves either burning UMY or devouring other NFTs. Each Kara has a limited number of times it can breed to avoid overpopulation.   The game is based on the KaraSpace galaxy, which boasts 12,801 planets that serve as irreplaceable resources. KaraSpace features three categories, Superpower, Nature, and Melee. Each category has different Kara attributes. Under Superpower lies light, electricity, and fire. Nature comprises dragon, ghost, and fairy. Melee features rock, steel, and poison.   Out of the 12,801 planets, 10,000 are resource planets, and 2,000 are creation planets. There’s only one Mother Planet, which is the primary carrier of game operations. However, KaraStar has not yet launched the Mother Planet.   The Mother Planet has 255,255 plots. Each plot is encompassed by 33 grids. Once players acquire plots as private property, they can build their Kara Kingdoms. Players will need UMY to purchase maternal resources. There are five types of land on the Mother Planet. These are central, forest, north pole, desert, and high-tower. Each type of land has different treasures.   The Mother Planet and Lands mode will run as a multiplayer Simulated Life Game (SLG). Players will be able to make friends or compete with other players across the globe. Additionally, they will be able to harvest equipment fragments to boost the power of their Karas to earn more KARA tokens.   What Makes KaraStar (KARA) Unique? The KaraStar ecosystem leverages a dual-token economic system. The UMY token fuels the whole KaraStar metaverse. UMY also serves as the foundation of the KaraStar world to achieve stability and peace. Additionally, UMY is used to power the staking and mining of KARA. Creators generate UMY every time they engage with the game.   On the other hand, KARA is the governance token in the KaraStar ecosystem. One KARA is equivalent to one ticket in the ecosystem’s decentralized autonomous organization (DAO). DAO members can vote on the ecosystem’s governance by staking their KARA. Apart from governance, creators can use KARA for in-game payments.   Additionally, creators holding KARA can earn more rewards by staking their holdings for mining in the farm pool. Players can get KARA through airdrops, buying in the market, or obtaining the token in the upcoming MotherLand mode.   The KaraStar DAO seeks to support community builders. Unlike other DAOs, the KaraStar DAO offers careers for all community contributors. After surveying many pre-DAO members, KaraStar decided to establish the House of Lords and the House of Commons.   In doing so, the project offers DAO members a career path. Additionally, this setup helps provide structural momentum for the stability and growth of the DAO.   KaraStar also features a scholarship platform, which offers customer-to-customer (C2C) scholarships. Providers can list the scholarships on the KaraStar website and recruit scholars. KaraStar then rewards contributors with bonuses in the scholarship program.   To ensure the stability of token prices, KaraStar will regularly burn UMY. Specifically, the project aims to burn 80% of the UMY consumed in the game.   Who Created KaraStar (KARA)? KaraStar Technology PTE. LTD, a Singapore-based blockchain game developer, created KaraStar. The company has a rich team featuring game development engineers from Zynga and ROBLOX, seasoned blockchain experts, and Wall Street mathematical actuaries.   At the helm is CEO Dustin, who previously served as the Project Manager for Apple in the Asia-Pacific region. He also has experience in marketing, entrepreneurship, and blockchain mining, among other fields.   Kate Kryvonos serves as the company’s COO. She has over five years of blockchain marketing strategy and leadership experience. Before joining KaraStar, Kryvonos spent four years leading open-source blockchain and cryptocurrency projects like NEM.io Foundation Ltd and the Symbol blockchain.   The firm’s CTO is Kumar, who has experience working as a product manager and program developer for leading game companies like Zynga and Electronic Arts (EA). He has seven years of experience in game development and two years of experience in blockchain product development.   Closing Thoughts As a P2E metaverse game, KaraStar offers players a chance to stay entertained while earning. Additionally, the project’s Social-Fi capabilities allow gamers to connect across the globe. Coupled with a healthy economic model, these features help the project position itself for long-term success.   Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin

TL;DR The Crypto Fear and Greed Index provides a score of 0 to 100 for crypto market sentiment. It’s based on the CNNMoney Fear and Greed Index for analyzing the stock market.  Fear (a score of 0 to 49) indicates undervaluation and excess supply in the market. Greed (a score of 50 to 100) suggests an overvaluation of cryptocurrencies and a possible bubble. Noticing changes in the level of fear and greed can become part of your trading strategy when choosing to enter or exit the crypto market.   Introduction When deciding if you should buy in or sell out of the crypto market, a good trader or investor will always look for supportive data. There are charts to look at, fundamentals to analyze, and market sentiment to tap into. However, studying every metric and index available isn't the most efficient use of time. With the Crypto Fear and Greed Index, a combination of sentiment and fundamental metrics provide a glimpse of market fear and greed. While you should not rely on this indicator alone, it can help you figure out the overall feeling of the cryptocurrency markets.    Learn more on Binance.com What is an index? Traditionally, an index takes multiple data points and combines them into a single statistical measure. You might have already heard of the Dow Jones Industrial Average (DJIA), a famous index that tracks the stock market. The DJIA is a price-weighted combination of 30 large companies listed on numerous stock exchanges in the U.S. Traders and investors can buy DJIA to get a combined exposure to these companies' stocks. The Crypto Fear and Greed Index is also a weighted measure of market data, but that's where the similarities end. The Crypto Fear and Greed Index is not something you can purchase nor any kind of financial instrument. It’s just a market indicator that can complement your analysis.   What is a market indicator? Market indicators make it easier for traders and investors to analyze market data. Indicators exist in all forms of market analysis: technical analysis, fundamental analysis, and sentiment analysis. If you've experimented already with technical analysis (TA), you've probably already got some experience with indicators. These range from simple moving averages to complex chart patterns like Ichimoku Clouds. TA indicators are concerned with analyzing prices, trading volume, and other statistical trends. Fundamental analysis indicators take a different approach. When you research a token or stock, you’re essentially trying to determine the underlying fundamental value of the project. For example, your research could include the number of users and total market value combined into an indicator. In addition, we have market sentiment indicators that measure the feelings and thoughts of investors and traders. The Crypto Fear and Greed Index is just one of many. Other examples include The Bull & Bear Index from Augmento and WhaleAlert that tracks large transfers from whales in crypto markets. To an extent, crypto research relies heavily on analyzing social media, the community, and public opinion. For this reason, sentiment analysis can come in handy for this asset class.   What exactly is a Fear and Greed Index? CNNMoney originally created the Fear and Greed Index to analyze market sentiment for stocks and shares. Alternative.me have since then made their version tailored to the crypto market.  The Crypto Fear and Greed Index analyzes a basket of different trends and market indicators to determine whether the market participants are feeling greedy or fearful. A score of 0 indicates extreme fear, while 100 suggests extreme greed. A score of 50 shows the market is somewhat neutral. A fearful market could be an indication that cryptocurrencies are undervalued. Too much fear in a market can lead to overselling and excess panic. Fear doesn't necessarily mean that the market has entered into a long-term bearish trend. Instead, you can think of it as a short or mid-term reference to overall market sentiment. Greed in the market is the opposite situation. If investors and traders are greedy, there's a possibility for overvaluation and a bubble. Imagine a situation where FOMO (fear of missing out) causes investors to pump the markets, overvaluing Bitcoin’s price. In other words, the increased greed may lead to excess demand, artificially inflating the price.   How does the Crypto Fear and Greed Index work? Each day, Alternate.me calculates a new value from 0 to 100. As of July 2021, the Crypto Fear and Greed Index only uses Bitcoin-related information. The reason behind this is BTC's significant correlation with the crypto market as a whole when it comes to price and sentiment. There are plans in the future to cover other large coins, presumably including Ether (ETH) and BNB.     You can divide the index's scale into the following categories: 0-24: Extreme fear (orange) 25-49: Fear (amber/yellow) 50-74: Greed (light green) 75-100: Extreme greed (green) The index calculates the value by combining five different weighted market factors. Let's take a look: 1. Volatility (25% of the index). Volatility measures the current value of Bitcoin with averages from the last 30 and 90 days. Here, the index uses volatility as a stand-in for uncertainty in the market. 2. Market momentum/volume (25% of the index). Bitcoin's current trading volume and market momentum are compared with the previous 30 and 90-day average values and then combined. Constant high-volume buying suggests positive or greedy market sentiment. 3. Social media (15% of the index). This factor looks at the number of Twitter hashtags related to Bitcoin and, specifically, its interaction rate. Typically, a constant and unusually high amount of interactions relates more to market greed than fear. 4. Bitcoin dominance (10% of the index). This input measures BTC's dominance of the market. Increased market dominance shows new investment into the coin and the possible reallocation of funds from altcoins. 5. Google Trends (10% of the index). By looking at Google Trends data for Bitcoin-related search queries, the index can provide insights into market sentiment. For example, a rise in "Bitcoin Scam" searches would indicate more fear in the market. 6. Survey results (15% Index Score). This input is currently paused and has been for some time.   Why is the Crypto Fear and Greed Index useful? The Crypto Fear and Greed Index can be a valuable tool for checking market sentiment changes. Large swings may provide an opportunity to enter or exit before the rest of the market follows the trend. We can see a brief example of this by checking the last three months of total cryptocurrency market cap versus the index figures.     Point 1 shows April 26, 2021, the bottom of a significant swing in the index value from 73 (Greed) to 27 (fear). Point 2 shows the start of another slide on May 12, 2021, from 68 (greed) to 26 (fear). We can see if this has matched with the crypto market by comparing these changes with the overall crypto market capitalization.     Point 1 again shows April 26 starting at $1.78 trillion (USD) before climbing up to a peak of $2.53 trillion on May 12. If you combine this with what we see above, you see a large swing in sentiment from greed to fear coinciding with a local bottom in the crypto market cap. As the market becomes more greedy, the overall market cap rises until it reaches its maximum. At the maximum, sentiment once again sharply drops. With our example, the index has proven helpful in finding a buying opportunity and predicting a sell-off in the market. Using the index, you can check whether your emotional reactions are overblown or in line with the market. But will it always be helpful for every situation? More than likely, no.   Can I use the index for long-term analysis? The indicator doesn’t work as well on long-term analysis of crypto market cycles. Within a bull or bear run, there are multiple cycles of fear and greed. These switches are useful for swing traders to take advantage of. However, for investors who want to hold, it will be difficult to predict the change from a bull to a bear market just from the index. You will need to analyze other market aspects to get a long-term perspective. As always, recommended advice is that you don't rely solely on one indicator or style of analysis. Make sure to do your own research (DYOR) before investing any money and only invest what you can afford to lose.     Closing thoughts The Crypto Fear and Greed Index is a simple way to gather and summarize a whole range of fundamental and market sentiment metrics. Rather than have to do this yourself, you can rely on the indicator to track social media, Google Trends, and other statistics. If you want to include it in your analysis, consider complementing it with other metrics and indicators to get a more balanced view.

Bitcoin is now sitting around a strong support zone and round number 30kMoreover, the 30k is a demand zone as we previously had an aggressive movement upward from it. Keep in mind that no matter how strong a support is, it can still be broken. That's why we don't buy blindly. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  As per my trading style: I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...) Meanwhile, BTC can still break the 30k support downward, in this case, a movement till the next rejection would be expected which would be the 20k demand zone in red Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.  Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Bitcoin managed a small bounce in the bear trend to my 32000/32100 level & collapsed again as expected in the bear trend. Obviously outlook remains negative. Ripple broke the 100 week moving average at 6700/6750 & then 9 month trend line support at 5680/40 as predicted for another sell signal targeting 4300/4250. No trouble hitting that target!! We have hit 3450 & of course the outlook remains negative with further significant losses expected. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Ethereum broke the 500 day moving average at 2800/2750 as predicted for an important sell signal hitting all downside targets as far as 1920. A huge profit ion shorts & outlook remains negative with further significant losses expected as panic sets in. Today's Analysis Bitcoin break below 28600 is our next important sell signal as we hit 27000. Huge profits on our shorts this week. Further losses are expected of course, as we look for 25800/700 & 24400/200, eventually as far as 21900/700. Gains are likely to be limited as I always write!! Resistance at 28800/29000 & 30000/30200. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Ripple panic has set in & I imagine stops have been triggered after important levels were broken as we target 3400, 3200, 300 & eventually 2500. Huge profits on our shorts this week. Ethereum crashed after my new sell signal to my target of 1920. Next target is the 8 month trend line support at 1800/1700. I would not try longs myself. A break below here is obviously another important sell signal. Losses could then accelerate to the downside. We could hit 1300 very quickly. Gains are likely to be limited with strong resistance at 2100/2200. Shorts need stops above 2300. 2900/2950. Shorts need stops above 3000. A break higher is a medium term buy signal.   To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

Summary:  Fires are springing up everywhere and it feels like markets are under siege, but the volatility curve doesn’t even look particularly alarming yet. We focus on the areas that could continue to keep markets on tilt, including the breaking of the largest "stable" coin Tether already in evidence today after Bitcoin melted through a huge chart level yesterday, the Hong Kong dollar peg under pressure, the Tesla-Bitcoin-Ark triangle, etc. In FX, the focus is on the jolt higher in the JPY even more so than the ongoing USD strength, while commodity traders have it relatively easy on the volatility front. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Listen to today’s podcast and have a look at today’s slide deck. Follow Saxo Market Call on your favorite podcast app: Apple  Spotify PodBean Sticher If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com and we'll look into it.   Read next: Saxo Bank: Markets are assessing the global growth outlook and the pace of Fed tightening| FXMAG.COM   Questions and comments, please! We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.   Read next: Philip Morris Buys Match, Fed Members Spills The Tea And Gold Price Nears Quite Low Values | Saxo Bank| FXMAG.COM   Source: Saxo Bank

Summary: Polkadots aims and desires. A deeper look into how Polkadot works. Past, Present and Future Prices of Polkadot. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol  What is the Polkadot protocol? Polkadot is an open-source protocol built for everyone, it is founded by the Web3 foundation. The Web3 foundation has commissioned 5 teams and over 100 developers to build Polkadot. The Polkadot mission is: they envision a Web where their data and identity is their own and where safety is ensured from any central authority. Polkadot supports the ease of creating and connecting decentralised applications, institutions and services. Through empowerment of investors to build better solutions, they are seeking to free society from the grip of a broken web whereby institutions have the chance to break trust. The aim of Polkadot is to enable a completely decentralised web whereby the users are incontrol. The protocol is built to connect private and consortium chains, oracles, public and permissionless networks and future technologies that are yet to be created. Polkadot protocol offers parachain messaging, this refers to parachain-to-parachain communication, this is Polkadots version of inoperability. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Polkadot launched their DOT token in May 2017. DOT plays an active role in securing the Polkadot network. The DOT token has around $8.3 billion in market capitalization, a circulating supply of more than 1.6 billion tokens and does not have a maximum supply. Polkadot features: True interoperability: Polkadot allows cross-chain transfers of any type of asset or data, users are not limited to token only transfers. When users become a part of the Polkadot network, they open themselves up to a wide variety of blockchain networks. Economic and transactional scalability: unprecedented scalability is provided by Polkadot through the enablement of a common set of validators which have the ability to secure multiple blockchains. Transactional scalability is provided through spreading transactions across multiple parallel blockchains. Easy blockchain innovation: users can create a custom blockchain quickly by using the substrate framework. Once users make their own blockchain, they can connect it to Polkadot and get interoperability and security from the get-go. This ease of development is a major factor helping the Polkadot network grow. Security: Polkadots novel data validity and ability allows the interaction between chains, whilst maintaining independence in their governance but united in their security. User-driven governance: Polkadot maintains a sophisticated governance system, whereby all stakeholders have a say. Network upgrades are coordinated on-chain and autonomously without forking the network. This ensures that Polkadots development remains community-driven and future proof. Advantages of Polkadot: High energy efficiency: in comparison to conventional blockchains, the energy consumed by Polkadot is much less. This energy efficiency is as a result of its next-generation nominated proof-of-stake (NPoS) model. This NPoS uses the equivalent of 6.6 Us households' energy per year. The Polkadot platform has the lowest carbon footprint amongst proof-of-stake protocols analysed in recent research. High security The proof-of-stake network refers to the ability of cryptocurrency owners to validate block transactions based on the number of coins a validator stakes. About the DOT Token: The DOT token was created by the Polkadot protocol and is designed to serve 3 distinct purposes: Governance: the Polkadot token holders have full control over the protocol. The privileges on platforms that are normally only available to minors are given to DOT holders, including managing exceptional events such as protocol upgrades and fixes. Staking: Polkadot uses game theory to incentivise token holders to behave honestly. Those who do not exercise honest behaviour will lose their stake in the network, whereas those who exercise honest behaviour are rewarded by the game theory mechanism. Bonding: new para-chains are added by bonding tokens. Outdated parachains or those that are no longer useful and removed by removing bonded tokens. This bonding represents a proof-of-stake. Where to buy Polkadot (DOT) The DOT token is currently available on many of the major platforms such as Binance, Huobi Global, OKEx, Coinbase, KuCoin and more. Past, Present and Future Prices: We already know that the cryptocurrency market is volatile, this is reflected in the chart below. In the past the price has jumped up and down, with the data it is hard to read a trend for the price of DOT. Currently, the global market conditions have investors turning away from risky assets such as cryptocurrencies, and turning to safer assets. For the future, the price of the DOT token is expected to increase, with some analysts expecting the price to reach over $64 in 5 years time. However, given the volatility in the crypto market, it is difficult to make an accurate assumption on where the price of DOT will go. Polkadot (DOT) Price Chart Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Sources: finance.yahoo.com, polkadot.network, coindesk.com, coinmarketcap.com, capital.com

Terra Luna Crashes The recent crash of one of the most well known cryptocurrencies has added to the widespread panic that has been surrounding the risky asset class. The fall started while the company's stable coin, UST, was unable to maintain its parity with the USD and quickly tumbled as more investors opted to save whatever they had left and exit their positions. While Terra Luna is not the only crypto to be dropping significantly in the last few days, with the entire top 100 down around 30-50% and market cap falling to $1,19 Trillion, it is certainly one of the most prominent examples seen to date of a complete collapse. This event has deeply shaken investor confidence in the asset class and has even led to the most prominent stable coin , USDT losing its 1:1 ratio with the USD. As the situation continues to evolve it seems like this could be the beginning of a significant realignment in the crypto industry as investors either exit their positions or re-evaluate them in search of some sort of a safe haven amid a widespread crash. It is important to note though that the majority of risk-on assets have been deeply impacted by worsening global economic conditions and central bank policies so while this situation is not exclusive to crypto's it is certainly most prominent with them. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM UK GDP report disappoints and pressures GBP and FTSE100 The UK GDP report was released at 7:00 am BST and turned out to be a huge disappointment with the report showing a 0.8% QoQ expansion in Q1 2022 while the market expected an expansion of 1% QoQ. However, March's monthly GDP reading was the biggest disappointment with the monthly reading which was expected to show a 0.1% expansion from February levels and instead showing a 0.1% MoM contraction. March was the first full month since the beginning of the Russia-Ukraine conflict and could be seen as a potential sign of economic difficulties to come. Investors reacted negatively to this news with both the British Pound and FTSE100 taking a hit as the global sentiment continues to shift more towards risk-off   Furthermore, the Bank of England warned that tightening and current geopolitical developments are likely to push the UK economy into recession. Investors reacted negatively to this news with both the British Pound and FTSE100 taking a hit as the global sentiment continues to shift more towards risk-off. Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co. 

Summary:  Over the past couple of days, UST, one of the major crypto stablecoins, completely lost its peg with the US dollar, and today the biggest stablecoin, Tether, has shown signs of a similar trend. In this article, we zoom in on the difference between three of the biggest stablecoins and discuss the potential impact that de-pegging may have on the general crypto market. - co-written by Mads Eberhardt, Cryptocurrency Analyst Stablecoins are crypto tokens that have their value pegged to another currency or asset. The most popular stablecoins are USDT (Tether), USDC, and UST (Terra), which all are created to have the value of $1. Apart from providing crypto traders with a store-of-value within the crypto space linked to fiat currencies, stablecoins play important roles in many of the decentralized applications build on blockchain technology and cryptocurrencies. Read next: Saxo Bank: Markets are assessing the global growth outlook and the pace of Fed tightening| FXMAG.COM The crash of the Terra stablecoin in the beginning of the week has shaken the crypto markets, and UST is currently trading at $0.60 - way below $1.00. This morning the contagion spread to the rest of the stablecoin space with USDT dropping as low as $0.96, however bouncing back to $0.99 this afternoon. It should be noted that other stablecoins are trading above $1.00 as they seem to be receiving value from some of the unpopular stablecoins. Source: Coinmarketcap.com Stablecoin collateral To understand why the stablecoins are suddenly not stable anymore, it is crucial to understand the collateral type for the different stablecoins. We focus on the three mentioned above. Terra (UST) relies on a swap function to maintain its peg through an associated crypto token, LUNA, as 1 UST can always be swapped for $1 worth of LUNA. We elaborate more in the appendix below. But in short, UST is not collateralized by anything other than the market’s belief that LUNA will always have value to some and thus always have interested buyers, and this belief is anyway closely related to the value they see in UST. This belief from the market in LUNA is exactly what is missing right now, disabling the pegging mechanism. During Terra’s recent rally, many also criticized Terra for basically being non-collateralized due to this structure, as it does not have any backing in physical assets. Read next: Philip Morris Buys Match, Fed Members Spills The Tea And Gold Price Nears Quite Low Values | Saxo Bank| FXMAG.COM The second-largest stablecoin USDC is, however, backed 100 % by reserves in cash and cash equivalents such as short-term highly liquid investments. This is fundamentally different from the collateral in UST, and USDC is thus seen as a much more stable peg to the US dollar. The largest stablecoin, Tether, does reportedly have around 85% of its reserves in cash and cash equivalents and the rest in other assets such as corporate bonds and other digital tokens. However, Tether has earlier faced controversies when it comes to transparency around its dollar reserves, so the market has for years questioned what assets its reserve consists of and whether Tether in reality keeps full reserve to back its stablecoin. These controversies are likely what is driving stablecoin investors away from USDT, as the event of UST has refreshed the market’s memory of Tether’s lack of transparency with respect to its reserve. The sell-off in USDT this morning occurred even after the CTO of Tether posted on Twitter that they were continuing to honor USDT redemptions at $1 and that the redemption of more than $300mn has been carried out over the past 24 hours. And as it looks for now, Tether is making a comeback towards the $1.00 level. Regulators may become more harsh The whole narrative of Bitcoin and especially stablecoins is now heavily under pressure, although it is important to emphasize that not all stablecoins are currently under pressure – only those where investors doubt the collateral mechanism. But it is not only investors, who are worried. Regulators and policymakers are still working on national and international regulations for the cryptocurrency space, and fear is now that the regulatory framework will be even more strict, and it could limit some of the existing use-cases for cryptocurrencies. In case potential applications for cryptocurrencies are constrained, the sentiment will likely go down as well. Appendix - Additional reading for those interested in the Terra: Terra had over $18bn worth of stablecoin issued prior to the bank run of its stablecoin. For Terra, there are two tokens. Its stablecoin called TerraUSD (UST) and LUNA. LUNA has no value other than the fact that you can always create and redeem 1 TerraUSD (intended to be worth $1) for $1 worth of LUNA and vice versa. When you create TerraUSD, the LUNA is burnt and TerraUSD is created. When you redeem TerraUSD, it is burnt and LUNA is created. Since you are paying or receiving $1 worth of LUNA for every TerraUSD you create or redeem, people are intended to arbitrage, so TerraUSD is as close to $1 at all times. For instance, let us say TerraUSD falls to $0.95. By buying TerraUSD at $0.95, you can technically redeem it for $1 worth of LUNA, selling it for fiat and earning 5 cents. As mentioned above, TerraUSD is not collateralized by anything other than the market’s belief that LUNA will always have somewhat of a value, which belief is anyway closely related to TerraUSD. Since Terra started gaining momentum last year, people have criticized this structure, as it is basically non-collateralized. The Terra foundation responded by buying $1.5bn worth of Bitcoins at the beginning of this year to show some collateralization. This means that Terra was suddenly solely around 10% collateralized in another highly volatile asset and due to the fact that the foundation controlled the small collateralization there was, Terra was suddenly not that decentralized. Over the weekend, some traders started selling a lot of TerraUSD to un-peg it from the dollar, among some other things. When the un-peg occurred, people started to redeem TerraUSD for $1 worth of LUNA and sell LUNA to fiat to cover their position. This LUNA is created by new and when dumped on the market, the price of LUNA plunges. When the next redeems TerraUSD for LUNA, they need to get credited by even more LUNA. Suddenly not only TerraUSD holders are pushing the LUNA price down, but other traders see it and go short LUNA, pushing the price further down. Now, you have the death spiral. LUNA plunges even more, while more and more LUNA is needed to be issued to redeem one additional TerraUSD. At the same time, there is a cap on how many can redeem TerraUSD to $1 worth of LUNA per hour. People that cannot redeem it start to get nervous and dumps TerraUSD directly to USD or other assets on exchanges, de-pegging it further from $1. As this happens, few want to do arbitrage, because they cannot instantly redeem it for LUNA and sell it for fiat since there is a maximum the protocol can redeem per hour. LUNA's supply has increased 20-fold in the past few days from around 346mn to 7.1bn LUNA to redeem some of its TerraUSD supply. At the same time, its market capitalization has plunged by over 99%. LUNA currently has a market capitalization of $138mn, but technically it still needs to redeem 12bn TerraUSD for $1 each. This means that LUNA is going through hyperinflation, if it will be possible to redeem every UST at all since there is close to no demand for LUNA. Source: Saxo Bank

Summary:  The larger than expected April U.S. CPI and core CPI reversed the attempt of the equity market to rebound and brought major U.S. equity indices firmly back onto their down trends. The surprising strength in services is particularly worrying and the money market is pricing in 143 bp hikes (i.e. almost three 50 bp hikes) in the next three FOMC meetings. What’s happening in markets? What spooked markets overnight was US inflation rose more than expected, which gives the Fed more ammunition to rise rates (more than they mapped out). Rising rates will cause further carnage, as when rates rise, bond yields tend to rise, which may trigger the US 10-year bond yield, to rise back over 3%,  (which is a better yield than the Nasdaq and S&P500 combined – just think about that for a second). As such the Nasdaq (with an average dividend yield of 0.9%) continued to fall and lost 3.2%. The Tech heavy index is down 28% from its high, and the technical indicators suggest it will likely continue to fall on a weekly and monthly basis, which supports our bearish fundamental view. The S&P500 lost 1.7% on Wednesday, (it has an average dividend yield of 1.66%). The U.S. treasury yield curve flattened 13 bps since yesterday’s CPI release.  The 10-year yield fell 10 bps to 2.89% while the 2-year yield rose 3 bps to 2.64%. It is worthwhile to note that the 10-year yield has fallen 30 bps in just three days from its May 9 high of 3.20%.  The treasury market is sending signals of investors being worried about a sharper slow-down in the U.S. economy.  In Australia, the Aussie share market fell 1% and hit a support level 6,991 points, but energy companies hit new highs. If the ASX200 falls further bellow this level, it could fall 2.2% to the next support (at 6,837 points). The technical indicators, suggest this could occur, with the MACD and RSI suggesting a weekly and monthly could pull back. We ideally need to see better than expected news to break the cycle. All in all though, it’s worthwhile continuing to back those stocks that are outperforming and are likely to outperform this trajectory, with rising cashflow and earnings growth. Just take a look at today’s best performing stocks as an example. In Energy there is Ampol (ALD) up 3.5% with its shares hitting a 2-year high, and Viva Energy (VEA) up 3% to its highest level since 2019. China and Hong Kong equity markets rebounded from their lows. After a weak opening, stocks traded in Hong Kong, Shanghai and Shenzhen rebounded from their lows.  Hang Seng Index (HSI.I) was down  1% and CSI300 (000300.I) recouped all its early loss to close the morning session flat.  Infrastructure related A share, in particular county seat modernization names rallied.  Sunac China, China’s 4th largest property developer, failed to make a coupon payment of a dollar bond.  The news pushed down the shares of other Chinese developers traded in Hong Kong. Asia stocks follow Wall Street down. Japan’s Nikkei (NI225.I) was down 1% in the Asian morning following US CPI release overnight and the slide in US indices overnight. Steel makers like Japan Steel (5631) and Kobe Steel (5406) surged in a big way after earnings results and profit outlook was better than expected. Singapore’s STI Index (ES3) was also in the red. Singtel (Z74) was up over 1% leading on the index as it broadened its 5G network to underground metro line. Chinese electric car maker Nio (NIO) is going to start trading on the Singapore stock exchange form May 20. FX range trading continues. The USD had a hard time reacting to the US inflation print, suggesting range trading patterns may continue for now. While USDJPY slipped below 130 on lower real yields, EUR was still unable to overcome inflation and growth worries even with Lagarde hinting at a rate hike for July on stickier inflation, it dipped slightly to remain above 1.05 support. AUDUSD’s move above 0.7000 was not sustained and NZDUSD returned to sub-0.6300. GBPUSD is making a steadier move below 1.2300 ahead of UK GDP release. What to consider? US inflation may have peaked but the descent will be slow and painful. April U.S. CPI came at 8.3% YoY.  Core CPI, which excludes food & energy,  was 6.2% higher from a year ago.  Reiterating what we said in this piece, while headline inflation may be showing signs of peaking as base effects turn, it is likely to stay at these elevated levels. It was important to note that the 0.6% monthly increase of Core CPI  has brought inflation back to the uncomfortably high 0.5%-0.6% range from October 2021 to February 2022, after a temporary moderation in March.  Another worrying sign was the +0.7% core service price, which was the highest since 1990. Regular rents and owner-equivalent rents rose faster than expected and prices of reopening related spending, such as airfares and hotel lodging rose sharply. The US consumer remains very strong, which gives pricing power to companies. Services inflation will also broaden further, suggesting we are in for a higher-for-longer mode. Take into the mix, a prolonged war, sustained disruptions from China and still-tight labor market. This means Fed’s hawkish rhetoric is set to stay. The money market has moved towards pricing in a 50bp hike in the Sept FOMC on top of the two 50bp moves anticipated for June and July. Oil bulls pin their ears back: Both the Saudi oil Chief and UAE have warned that all energy sectors are running out of capacity, which supports our view that the oil price will hit higher levels over the longer term and also once China is out of lockdown. That being said, Saudi Aramco (ARAMCO) has strengthened regardless, along with many other oil companies, as their cashflows are rising at record paces. ARAMCO has now overtaken Apple as the world’s most valuable company. As we have been saying for some time now, it’s wise to consider revisiting oil stocks and oil ETFs. For instance, the ETF OOO that tracks the oil price, looks like it could break above a key trigger level and re-enter another uptrend, so that’s worth consideration. Also have a look at your favorite large oil stocks with rising earnings growth. Malaysia’s rate hike will be a signal for the region. Bank Negara Malaysia started the rate hike cycle yesterday as we had expected, turning away from its patient stance in April. This comes on the back of a similar rate increase decision from the Reserve Bank of India last week in an out-of-cycle meeting. Ringgit interest rate swaps are now pricing in over 75-basis points of rate hikes over the next 6 months. This similar surge in hawkish pricing is being seen across emerging Asia, suggesting more pain for EM bonds. Potential trading ides that could be worth your consideration? US dollar and US dollar ETFs move higher. As mentioned last week the USD dollar is supported higher along with US dollar ETFS. The Invesco USD Index Bullish Fund ETF closed at a brand new record high overnight. BetaShares USD ETF is also hitting higher levels and looks like. As previously mentioned, also as our head of FX Strategy also said, we are bullish on the USD, as higher volatility and bond yield are expected. This supports the USD and USD ETFs. BTC s in a bearish long term downtrend pressured by long term yield rising. For investors it could be worth considering shorting Bitcoin given rates are likely to continue to rise for now. Buy USDHKD 12-month forward. HKD interest rates are set to rise towards or even go above those of the USD as the Hong Kong Monetary Authority (HKMA) withdraw HKD liquidity in its move to buy HKD against USD.  As the USDHKD spot rate touches 7.85, which is the weak-side convertibility undertaking of the HKMA, the HKMA intervened by buying HKD versus the dollar this morning.  Given the strength of the US dollar and the weak economic sentiment in Hong Kong and the mainland, it is likely that the HKMA will have to continue to intervene and withdraw HKD liquidity further.  Given the ample ammunition that the HKMA has in defending HKD’s Linked-exchange Rate Regime, investors who are interested in betting on persistent weakness in the HKD would be better off to take a long position of USDHKD 12-month forward (currently at around 7.83) which can go up as HKD interest rate rise even when the spot being capped at 7.85.  Key economic releases this week: Thursday: India April CPI, US April PPI Friday: US Univ of Michigan sentiment, US import price index   Key earnings release this week: Thursday: Verbund, KBC Group, Brookfield, Fortum, Siemens, Allianz, Merck, Hapag-Lloyd, RWE, Atlantia, Snam, NTT, SoftBank Group, Aegon, Naturgy Energy, Motorola Solutions Friday: Deutsche Telekom, KDDI, Honda Motor, Alibaba   For a global look at markets – tune into our Podcast.  Source: Saxo Bank

XRP price is hovering around the $0.395 weekly support level, trying to discern the directional bias. A breakdown of this barrier could knock Ripple by 50% to the volume point of control at $0.186. If buyers manage to recover above the $0.621 barrier, it will invalidate the bearish thesis. XRP price shows an interesting outlook as it crashes below multiple support levels on a weekly time frame. This bearish outlook is inescapable as the LUNA-UST kingdom collapses. The domino effect is not just felt by BTC but also by the entire ecosystem. Despite the brutality witnessed over the past week, more could be around the corner, which could drive Ripple further down. XRP price at make or break levels XRP price has been producing lower highs since April 12 swing high at $1.96, with the swing lows forming a base around the $0.621 support level. This consolidation was seen for over a year before a decisive breakdown was seen in the second week of May. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Since then, XRP price has crashed 32% to where it currently trades at $0.382. The massive downturn comes as the entire crypto market is in a selling frenzy after the 98% crash in LUNA price due to the instability of the UST peg. While the $0.395 weekly support level seems to have it under control, things are not as simple as they seem from the outside. As Bitcoin hovers around $28,200, the chances of a relief rally are high, especially since it has dipped into most of the 2021 liquidity pools. However, a further descent in the big crypto’s market value will cause XRP price to shatter the aforementioned support level. The remittance token could then crash by 53% to retest the volume point of control at $0.186 for the price action since 2017. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM This point is where the highest volume for XRP price was traded since 2017, making it a critical inflection point. Thus, the $0.186 level will likely serve as stable support and see accumulation come into the picture. Regardless, the point still stands – a 50% crash is on the cards for XRP price if it fails to hold above the $0.395 foothold. XRP/USD 1-week chart Further representing the grim and oversold nature of XRP price is the 365-day Market Value to Realized Value (MVRV). This on-chain metric determines the average profit/loss of investors that purchased XRP over the past year. A negative value indicates that the market participants are at a loss and are less likely to sell, representing an opportunity to accumulate for long-term holders. Historical data notes that the recent sell-off for XRP price puts the 365-day MVRV at -53%. These levels were last seen in October 2015, when Ripple was hovering around $0.0046. This outlook represents the massively unprecedented sell-off and, from a long-term perspective, could be a good place to accumulate. Still, a further crash in Bitcoin price could completely annihilate the current support level and knock the remittance token down by 50% XRP 365-day MVRV It is worth noting that if the bulls manage to kick-start a recovery at $0.395, pushing Ripple toward $0.621, it may encourage sidelined investors to reenter the market. Under these conditions, buyers would have to push XRP price above the $0.621 barrier on a weekly chart to invalidate the bearish thesis. This development could propel the remittance token to sweep the $0.917 equal highs formed on February 7 and March 28.  

George Soros' speculative attack on the Bank of England, the removal of the EUR/CHF minimum exchange rate and finally the collapse of Lehman Brothers - these are the events of the classical financial world, the scale of which may reflect what is currently happening in the world of cryptocurrencies. Unexpected factors like war could have led to price declines Sentiment in the cryptocurrency market seemed to have already deteriorated since last autumn, which could also correlate with the traditional stock markets that are part of the riskier asset category. Expectations of interest rate hikes, the cash phase of the business cycle in anticipation of higher inflation and lower GDP growth, or later, unexpected factors like war could have led to price declines. However, the current events, are no longer just a simple correction, but a true test of the entire crypto-system. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The collapse of the NFT market The breakdown of the Terra ecosystem by detaching the 1:1 convertibility of UST to USD, the fall of its main token - Luna, from over $100 a piece to a dozen cents, the collapse of the NFT market, the attempt to detach the convertibility of the largest stablecoin USDT from 1:1 to USD, and the massive discounts of bitcoin and ethereum, the largest cryptocurrencies - these are all events that happen at once, and in a very short time, and the market is trying to cope with them. This, in turn, can cause extreme fear among cryptocurrency holders similar, perhaps, to the fear in the eyes of tech company stock holders when the dot-com bubble burst. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM On the occasion of the prior cycle, the price of BTC fell from around $19,000 to around $3,000 Nevertheless, anyone who participates in the cryptocurrency market must also be aware of its cyclicality, especially when it comes to bitcoin and halving cycles. From this perspective, a classic bear market may currently be forming ahead of the next halving, which is expected to occur in March 2024. From a historical perspective, it is during the time occurring between the two halving cycles (the previous one was in 2020) that the biggest correction in the BTC price may occur. On the occasion of the prior cycle, the price of BTC fell from around $19,000 to around $3,000. If this is compared to bitcoin's peak in 2021 around $70,000, then even a drop to $11,000 would not be out of the ordinary. However, never before has the cryptocurrency ecosystem been as extensive as it is now, nor has it been as large as it is now, hence perhaps the scale of the repricing in the cycle may not be as significant as before. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Forex service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TL;DR Bitcoin derives its value from a variety of different attributes. Ultimately, both crypto and fiat currencies have value because of trust. As long as society believes in the fiat system, money will continue to have value. We can say the same for Bitcoin: it has value because users believe it does, but there is more to consider. Unlike fiat, Bitcoin has no central bank, and its decentralized structure allowed for the creation of a unique financial system. Blockchain technology offers a great deal of security, utility, and other benefits. It also provided a revolutionary way of dealing with the transfer of value globally. In many ways, Bitcoin can also act as a store of value similar to gold. Introduction One of the biggest struggles for newcomers to crypto is grasping how and why a cryptocurrency like Bitcoin (BTC) can have value. The coin is digital, has no physical asset backing it up, and the concept of mining can be very confusing. In a sense, mining creates new bitcoins out of thin air. In practice, though, successful mining requires a very costly investment. But how can all of this make BTC valuable? Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Think about the money we all use daily. There’s no longer gold or assets backing up our banknotes. Money that we borrow often exists only as numbers on a screen, thanks to fractional reserve banking. Governments and central banks like the Federal Reserve can create new money and increase its supply through economic mechanisms. Although there are remarkable differences, BTC, as a digital form of money, shares some similarities with the fiat money we are all used to. So, let’s discuss first the value of fiat money before we dive into the cryptocurrency ecosystem. Learn more on Binance.com Why does money have value? In short, what gives money value is trust. Essentially, money is a tool used to exchange value. Any object could be used as money, as long as the local community accepts it as payment for goods and services. In the early days of human civilization, we had all kinds of objects being used as money - from rocks to seashells. What is fiat money? Fiat money is the one issued and officialized by a government. Today, our society exchanges value through the use of paper notes, coins, and digital numbers on our bank accounts (which also define how much credit or debt we have).   Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM In the past, people could go to the bank to exchange their paper money for gold or other precious metals. Back then, this mechanism ensured that currencies like the U.S. dollar had their value tied to an equivalent amount in gold. However, the gold standard was abandoned by the majority of nations and is no longer the basis of our monetary systems.  After removing a currency's ties to gold, we now use fiat money without any backing. This uncoupling gave governments and central banks more freedom to adopt monetary policies and affect the money supply. Some of the main characteristics of fiat are: It’s issued by a central authority or government. It has no inherent value. It’s not backed by gold nor any other commodity. It has an unlimited potential supply. Why does fiat have value? With the removal of the gold standard, we seemingly have a currency without value. Money does, however, still pay for our food, bills, rent, and other items. As we discussed, money derives its value from collective trust. Therefore, a government needs to firmly back and successfully manage a fiat currency to succeed and maintain a high level of trust. It’s easy to see how this breaks down when faith in a government or central bank is lost due to hyperinflation and inefficient monetary policies, as seen in Venezuela and Zimbabwe. Why does crypto have value? Cryptocurrencies have some things in common with our standard idea of money, but there are some remarkable differences. Although some crypto like PAXG are pegged to commodities like gold, most cryptocurrencies have no underlying asset. Instead, trust once again plays a significant role in the value of a cryptocurrency. For example, people see value in investing in Bitcoin, knowing that others also trust Bitcoin and accept BTC as a payment system and medium of exchange. For some cryptocurrencies, utility is also an important factor. To access certain services or platforms, you may need to use a utility token. A service in high demand will therefore provide value to its utility token. Not all cryptocurrencies are the same, so their value really depends on the features of each coin, token, or project.   Read next: Binance Academy: Crypto Fear And Greed Index Explained| FXMAG.COM When it comes to Bitcoin, we can narrow it down to six features that we’ll discuss in more detail later: utility, decentralization, distribution, systems of trust, scarcity, and security. What is intrinsic value? A lot of the discussion regarding Bitcoin’s worth is whether it has any intrinsic value. But what does this mean? If we look at a commodity like oil, it has intrinsic value in producing energy, plastics, and other materials. Stocks also have intrinsic value, as they represent equity in a company producing goods or services. In fact, many investors perform fundamental analysis in an attempt to calculate an asset’s intrinsic value. On the other hand, fiat money has no intrinsic value because it’s just a piece of paper. As we’ve seen, its value derives from trust. The traditional financial system has many investment options that carry intrinsic value, from commodities to stocks. Forex markets are an exception as they deal with fiat currencies, and traders often profit from short or mid-term exchange rate swings. But what about Bitcoin? Why is Bitcoin valuable? The value of Bitcoin is a subjective topic with many differing opinions. Of course, one could say that the market price of Bitcoin is its value. However, that doesn’t exactly answer our question. What’s more important is why people judge it to have value in the first place. Let’s dig a bit deeper into some of the characteristics that make Bitcoin valuable. Bitcoin’s value in utility One of the major benefits of Bitcoin is its ability to quickly transfer large amounts of value worldwide without the need for intermediaries. While it can be relatively expensive to send a small amount of BTC due to fees, it’s also possible to send millions of dollars cheaply. Here, you can see a Bitcoin transaction worth around $45,000,000 (USD) sent with a fee of just under $50 (as of June 2021).     While Bitcoin isn’t the only network that makes this possible, it’s still the largest, safest, and most popular. The Lightning Network also makes small transactions possible as a layer two application. But regardless of the amount, being able to make borderless transactions is certainly valuable. Bitcoin’s value in decentralization Decentralization is one of the key features of cryptocurrencies. By cutting out central authorities, blockchains give more power and freedom to the community of users. Anyone can help improve the Bitcoin network due to its open-source nature.  Even the cryptocurrency’s monetary policy works in a decentralized manner. The work of miners, for example, involves verifying and validating transactions, but it also ensures that new bitcoins are added into the system at a predictable, steady rate. Bitcoin’s decentralization gives it a very robust and secure system. No single node on the network can make decisions on everyone’s behalf. Transaction validation and protocol updates all need to have group consensus, protecting Bitcoin from mismanagement and abuse. Bitcoin’s value in distribution By allowing as many people as possible to participate, the Bitcoin network improves its overall security. The more nodes connected to Bitcoin's distributed network, the more value it gets. In distributing the ledger of transactions across different users, there’s no need to rely on a single source of truth. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Without distribution, we can have multiple versions of the truth that are difficult to verify. Think about a document sent via email that a team is working on. As the team sends the document among themselves, they create different versions with different states that can be difficult to track. Also, a centralized database is more susceptible to cyber-attacks and outages than a distributed one. It’s not uncommon to have issues using a credit card because of a server issue. A cloud-based system like the one of Bitcoin is maintained by thousands of users around the world, making it much more efficient and secure. Bitcoin’s value in systems of trust Bitcoin’s decentralization is a huge network benefit, but it still needs some safeguarding. Getting users to cooperate on any large, decentralized network is always a challenge. To solve this problem, known as the Byzantine General’s Problem, Satoshi Nakamoto implemented a Proof of Work consensus mechanism that rewards positive behavior.  Trust is an essential part of any valuable item or commodity. Losing trust in a central bank is disastrous for a nation's currency. Likewise, to use international money transfers, we have to trust the financial institutions involved. There is more inbuilt trust in Bitcoin's operations than other systems and assets we use daily. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM However, Bitcoin users don't need to trust each other. They only need to trust Bitcoin's technology, which has proven to be very reliable and secure and the source code is open for anyone to see. Proof of Work is a transparent mechanism that anyone can verify and check themselves. It’s easy to see the value here in generating consensus that is almost always error-free. Bitcoin’s value in scarcity Inbuilt within Bitcoin's framework is a limited supply of 21,000,000 BTC. No more will be available once Bitcoin miners mine the last coin around 2140. While traditional commodities like gold, silver, and oil are limited, we find new reserves every year. These discoveries make it difficult to calculate their exact scarcity.  Once we have mined all BTC, Bitcoin should, in theory, be deflationary. As users lose or burn coins, the supply will decrease and likely cause an increase in price. For this reason, holders see a lot of value in Bitcoin's scarcity. Bitcoin's scarcity has also led to the popular Stock to Flow model. The model attempts to predict BTC's future value based upon Bitcoin mining per year and the overall stock. When back-tested, it quite accurately models the price curve that we have seen so far. According to this model, the main driving force in Bitcoin's price is its scarcity. By having a possible relationship between price and scarcity, holders find value in using Bitcoin as a store of value. We'll dive further into this concept at the end of the article.   Bitcoin’s value in security In terms of keeping your invested funds safe, there aren’t many other options that provide as much security as Bitcoin. If you follow the best practices, then your funds are incredibly secure. In developed countries, you can easily take for granted the security offered by banks. But for many people, financial institutions cannot provide them the protection they need, and holding large amounts of cash can be very risky. Malicious attacks to the Bitcoin network require owning more than 51% of current mining power, making coordination on this scale almost impossible. The probability of a successful attack on Bitcoin is extremely low, and even if it happens, it won’t last long. The only real threats to the storage of your BTC are: Fraud and phishing attacks Losing your private key Storing your BTC in a compromised custodial wallet where you don’t own the private key By following best practices to make sure the above doesn’t happen, you should have a level of security that exceeds even your bank. The best part is that you don’t even have to pay to keep your crypto safe. And unlike banks, there are no daily or monthly limits. Bitcoin allows you to have full control over your money. Bitcoin as a store of value Most of the characteristics already described also make Bitcoin a good fit as a store of value. Precious metals, U.S. dollars, and government bonds are more traditional options, but Bitcoin is gaining a reputation as a modern alternative and digital gold. For something to be a good store of value, it needs: Durability: So long as there are still computers maintaining the network, Bitcoin is 100% durable. BTC cannot be destroyed like physical cash and is, in fact, more durable than fiat currencies and precious metals. Portability: As a digital currency, Bitcoin is incredibly portable. All you need is an Internet connection and your private keys to access your BTC holdings from anywhere. Divisibility: Each BTC is divisible into 100,000,000 satoshis, allowing users to make transactions of all sizes. Fungibility: Each BTC or satoshi is interchangeable with another. This aspect allows the cryptocurrency to be used as an exchange of value with others globally. Scarcity: There will only ever be 21,000,000 BTC in existence, and millions are already lost forever. Bitcoin’s supply is much more limited than inflationary fiat currencies, where the supply increases over time. Acceptability: There's been widespread adoption of BTC as a payment method for individuals and companies, and the blockchain industry just continues to grow every day. If you want to explore the topic a bit more, check out Is Bitcoin a Store of Value?. Closing thoughts There is, unfortunately, no single and neat answer as to why Bitcoin has value. The cryptocurrency has the key aspects of many assets with worth, like precious metals and fiat, but doesn't fit into an easily identifiable box. It acts like money without government backing and has scarcity like a commodity even though it's digital.  A general lack of knowledge and misunderstanding has led some to question whether Bitcoin has any value at all. With words like "scam" and "Ponzi scheme" used, it's easy to see that some people have unfounded fears. But, ultimately, Bitcoin runs on a very secure network and the cryptocurrency has a considerable amount of value placed on it by its community, investors, and traders.

Summary: Rising inflation and hawkish reserve banks left investors risk averse. No particular news driving the stock price turn around for the market. Read next: Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release  Bitcoins prices crashing The price of Bitcoin crashed almost 7% during the trading day on Thursday. The reason for this seems to be the same as what is happening with investors on the wider financial market, investors are turning risk averse and selling off their Bitcoin holdings in the wake of economic insecurity. The current crash is dropped lower than the value during the crash in July 2021. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The Fed’s increasing interest rates was an initial driver for investor sentiment to change bearish, the increasing interest rates made it more expensive to make bets on the financial markets. Investors are less confident in the ability of cryptocurrencies to hold their value as regulators battle rising inflation. Bitcoin USD Price Chart GBP likely to weaken further According to dailyfx.com, investors are betting on the Pound Sterling to strengthen against the US Dollar. The information the market has right now is that the UK economy is slowing, and likely to enter into a period of stagflation, this will likely cause the value of the GBP to weaken further. The future value of the GBP is not looking too bright. Nasdaq turns around. The Nasdaq has seen poor market performance during the trading week. However, during trading on Thursday, we have seen the stock price for the Nasdaq turn around. According to finance.yahoo.com, there does not seem to be any particular news driving this stock turn around. Nasdaq Price Chart Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.  Sources: slate.com, poundsterlinglive.com, finance.yahoo.com

US inflation data didn’t print a soft-enough figure to reverse the market selloff. Disappointing US inflation data sent another shock wave to the US stock markets sending all major US indices tumbling on Wednesday. The S&P500 lost more than 1.5%, while Nasdaq tumbled more than 3%. Bitcoin slumped below the 2021 lows on the back of a broad-based risk-off selloff, and panic due to TerraUSD losing its dollar peg earlier this week. The US dollar remained upbeat, and the dollar index returned above the 104 mark as the lower-than-expected cool down in the US inflation figure revived the Fed hawks. Gold rebounded from the 200-DMA, as the US 10-year yield eased despite yesterday’s higher-than-expected inflation print in the US The pound-dollar is testing the 1.22 this morning as the UK-European relationship is souring on the Northern Ireland headache. Gold rebounded from the 200-DMA, as the US 10-year yield eased despite yesterday’s higher-than-expected inflation print in the US, as US crude saw a decent dip buying interest below the $100 per barrel, even with the souring prospects of a healthy global economic recovery. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM   Watch the full episode to find out more! 0:00 Intro 0:28 Panic in cryptocurrencies as Terra loses dollar peg 2:22 Coinbase down on SEC filing about bankruptcy 4:08 Markets down on softer cool down in US inflation 6:37 Disney down, Rivian up after earnings announcement 7:25 USD up, pound down on souring EU-UK relations 8:23 Gold, oil rebound Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

Bitcoin added 0.6% on Thursday, ending the day around $28,600, a modest gain but a significant intraday win. Bitcoin managed to find support near $25K on Thursday morning, reversing a multi-day decline. Since the start of the day on Friday, the rate has moved back above $30.5K (+6.9%). Total crypto market capitalisation, according to CoinMarketCap, jumped 14% overnight to $1.32 trillion This could be both the start of an extended buying wave and a trap for the bulls. After serious oversold previous days, altcoins rose at a double-digit pace in the last 24 hours. Ethereum is adding 16%, once again above $2K. The top 10 other leading altcoins are soaring from 25% (Solana) to 41.4% (Cardano). Total crypto market capitalisation, according to CoinMarketCap, jumped 14% overnight to $1.32 trillion. The cryptocurrency fear and greed index was down 2 points to 10 by Friday and remains in “extreme fear” The bitcoin dominance index lost 0.3 percentage points to 44.4% due to weaker altcoins. The cryptocurrency fear and greed index was down 2 points to 10 by Friday and remains in “extreme fear”, but it largely ignores the optimism of recent hours. Thus, the indicator’s current low levels might also attract “buy when you are scared” buyers. LUNA lost nearly 100% of its value Do Kwon, head of Terraform Labs, presented a recovery plan for the UST stablecoin. Against this backdrop, the cryptocurrency LUNA lost nearly 100% of its value. The Terra blockchain has halted. According to media reports, Do Kwon was previously behind Basis Cash – another failed stablecoin blockchain project. The USDT stablecoin price tested the $0.94 level on Thursday amid market turbulence. Paolo Ardoino, technical director of issuer Tether, said the company has enough reserves to buy back all assets at a 1:1 ratio to the US dollar. Tron founder Justin Sun saw signs of an imminent attack on the USDD algorithmic stack coin launched on the Tron network in May. Sun announced a $2 billion allocation from the TRON DAP Reserve organisation to prevent such a scenario.

The dust seems to be settling in cryptocurrencies. Terra and Luna are now worth almost nothing but Bitcoin returned past the $30K, which is a sign that the confidence in the broader sector may have not been damaged as much as we first feared. European stocks opened in the green and US futures are pointing to the upside, yet volatility remains high, warnings that the wind could change direction rapidly, and the high volatility environment is more favourable for further losses than sustainable gains. European gas futures gained another 13% yesterday, and the pressure on energy prices remain clearly tilted to the upside   On the geopolitical front, the Europeans are going around their own sanctions against Russia by opening accounts with Gazprom bank to pay the Russian gas in exchange of rubles (!!), but the latest news suggest that Russia is now cutting the German gas as a retaliation to its sanctions. Of course, the Europeans have been quite bad in this poker game - they showed too openly how scared they were to lose the Russian gas that now, Russia is gaining the upper hand. European gas futures gained another 13% yesterday, and the pressure on energy prices remain clearly tilted to the upside. Saudi Aramco has surpassed Apple in terms of market capitalization this week, to become the world’s most valuable company, and the US dollar index extended gains to a fresh 20-year high. Everyone is now wondering when the dollar rally will end! Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM   Watch the full episode to find out more! 0:00 Intro 0:32 The dust settles in cryptocurrencies 2:22 Market update 3:13 Energy remains upbeat... 4:21 ... and Aramco is now the world's biggest compagny 5:00 High vol hints at further headache 6:34 Meme pop up 7:28 Dollar extends gains, raising bets that it's soon time for correction! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

Gold held near three-month lows near 1,825 USD per ounce on Friday and is falling for the fourth week in a row from 1990 USD. One factor for the decline in gold prices could be the strengthening U.S. dollar, which seems to have stabilized near the 20-year high reached on Thursday. The USD strengthening may have followed the release of US consumer and producer inflation data, which seems to reinforce expectations of aggressive interest rate hikes by the Federal Reserve. This, in turn, may raise concerns about a weaker global economic outlook, helping to boost USD demand. The recent strengthening of the USD may also be related to the divergence in monetary policy on both sides of the Atlantic Recall that the U.S. core CPI remained near a 40-year high of 8.3 percent in April, while the core CPI also exceeded expectations at 6.2 percent, fueling fears that high price levels may persist. Thus, markets are anticipating increases of 50 basis points at each of the next two Fed meetings in June and July. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM This could also be significant for the EUR/USD major pair, which approached the 1.0350 level this week, its lowest level since December 2016. The recent strengthening of the USD may also be related to the divergence in monetary policy on both sides of the Atlantic. The Fed is moving towards aggressive hikes, while the European Central Bank may raise interest rates by 50-75 basis points in total by the end of the year. Thus, the scale of divergences seems to be very large. Bitcoin rebounded yesterday from its lowest level in almost 17 months and crossed the $30,000 mark today In addition to gold and the dollar, attention should again turn to the cryptocurrency market and towards stock market indices, where in both cases an attempt to defend against possible further declines may be underway. Bitcoin rebounded yesterday from its lowest level in almost 17 months and crossed the $30,000 mark today. Despite this, the world's most popular and widely used cryptocurrency is at this point on its way to its worst week in four months, falling more than 10 percent. Yesterday, the market additionally saw a likely panic as the tether to USD exchange rate departed at 1:1. At the apogee of fears for the collapse of the largest stablecoin, the cryptocurrency market seemed to have reached its weekly lows. Currently, USDT is trying to get back to the 1:1 exchange rate, and the rest of the market seems to be stabilizing. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Forex service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Shiba Inu price is set to rebound back to either $0.00001400 or $0.00001708. SHIB price is still under plenty of bearish pressures as the downtrend is nowhere near an end. The current turmoil in stablecoins is negatively impacting cryptocurrencies, setting the scene for SHIB to drop towards $0.00000655, breaching $0.00001000. Shiba Inu (SHIB) price is recovering a bit after it incurred massive losses and instead looked like a wounded deer that has its life hanging by a thread. It is not just the dollar strength and the correction in the stock market but also the weak point in cryptocurrencies that have been exposed in total, with Tether and Stablecoins questioning their credibility. An existential crisis is not yet in the making, but once SHIB price dips below $0.00000655, a total liquidation could be at hand. SHIB price has the world questioning who will step in to catch the first domino falling Shiba Inu price is falling off its pedestal, and saw a massive outflow of capital these past few trading days. Although the markets look set to close the week by paring back some losses or even possible small gains, that does not mean that all is forgiven. Where investors and traders are always happy to buy the dip, SHIB price is not seeing a volume return. SHIB price has that massive headwind blowing in its face after more questions are raised on Tether and Stablecoins. Since those are all privatised firms and enterprises, not providing any detail on their balances (as apparently, they are afraid to give away the secret sauce), at any moment now, one Stablecoin could default, triggering a massive domino-effect with no failsafe system as there is not one central bank mandated to intervene and stop the next domino from falling. With that reassessment of risk, SHIB will need to correct further and is set to be rejected around either $0.00001400 or $0.00001708 and see bears using those handles to push the price to the downside near $0.00000655. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM SHIB/USD daily chart On the upside, only breakthrough headlines can save the day for now On the upside, only breakthrough headlines can save the day for now, with either headlines that a peace truce has been reached between Russia and Ukraine or that inflation is slowing down across the globe. Once some positive headlines cross the wires, expect SHIB price to pierce through the recent supports turned into resistance and break above $0.00001708. A pickup in buying volume could be seen with renewed trust, resulting in SHIB ticking $0.00002282 with the green ascending trendline, the 55-day Simple Moving Average and the monthly pivot as a triple cap to the upside. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM

Summary: What is TRON and How does it work? Advantages of TRON Past, Present and Future prices of TRON TRON is a decentralised, open-sourced blockchain-based operating system TRON is a decentralised, open-sourced blockchain-based operating system which has smart contract functionality and a delegated proof-of-stake principle as its consensus algorithm. The native cryptocurrency for TRON is Tronix (TRX). The TRON blockchain was launched in 2017. The maximum supply of TRX is 100 billion, 98.2 billion tokens in circulation and around $6.8 billion market capitalization. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The TRON project is a decentralised blockchain platform that focuses on entertainment and content sharing. TRX TRON cryptocurrency platform uses a transaction model that is similar to Bitcoin. Transactions take place in a public ledger, where users are able to track the operations history. The TRON platform was created to decentralise the internet and serves as a tool for developers to create decentralised applications (dApps), this acts as an Ethereum alternative. The creation of decentralised applications and creating content on the TRON network is available to anybody. The data hosted on the TRON network is free, with no central authority. Content creators receive TRX tokens in return for their intellectual labour. TRON network also makes decentralised games whereby players can encourage and reward content creators with digital assets directly. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM There is a tri-layers architectural system embedded in TRON There are 3 levels to the TRON network, all of which support the smooth and powerful TRON network operation. Storage layer, this layer is where blockchain state, history data and network data is stored securely. In general the purpose of this layer is to segment all kinds of ecosystem data. Application layer, this layer is where the developers are the key people, and where TRX is used to create wallets and develop applications. Core layer, this layer is where instructions are developed (Java and Solidity are the only two accepted programming languages for this layer). Principle of operation; this layer computes instructions, processes them and then sends them to the Tron Virtual Machine, which is where dApps are executed and where the logic happens. The main protection tool for the TRON network is the delegated proof-of-stake (dPoS) system This delegated proof-of-stake is an alternative to the proof-of-stake (PoS) and proof-of-work (PoW) consensus algorithms. The delegated proof-of-stake system is a competitive advantage for the TRON network as it makes it much more energy efficient. In addition, the tri-layered architecture system processes more transactions at a time than the proof-of-work system. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100. TRONs development team has a higher throughput and is able to process up to 2000 operations without fees, therefore, the network transactions are without fees. TRON Super Representatives (SR): On the TRON network, all TRX token holders can apply to be SR candidates and any TRX holder can vote for these SR candidates. JustLend lending platform: JustLend is TRONs first official lending platform, the lending platform interest rates of its fund pools are determined by an algorithm based on TRONs asset supply and demand. JustLend aims to build a decentralised lending protocol and hopefully become TRONs first official algorithm-powered decentralised bank. TRON advantages: The ability for content creators to create content and share it openly and without hesitation regarding transaction fees. High throughput: this is done by improving the TPS in TRON, which has now surpassed both Bitcoin and Ethereum to a daily use practical degree. High scalability: due to the high scalability and highly effective smart contracts, applications developed on the TRON network are given a wider variety of ways to be deployed. The TRON network can support very large numbers of users. High availability: the network structure is very reliable along with the user asset, the intrinsic value and higher degree of decentralisation consensus come with an improved rewards distribution system. TRON goals: Deliver simple distributed file sharing. Financial rewards to drive content creation. Decentralising the gaming industry. Content creators can launch their own personal tokens. Where to buy TRX: The TRX token is available on many exchanges such as; Binance, Bancor, Poloniex and more. Past, Present and Future Prices In general the cryptocurrency market is volatile, in the graph below we see that the TRX token has experienced the price volatility of the market. There was an initial jump in price when TRX went to the market, but then the price fell to normal levels again. The price of TRX has, on average, been on the rise since July 2021. In the current market environment, the price of TRX has not seen any stability as market participants turn to safer investments during the time of uncertainty. The price of TRX is expected to rise in the future. TRX Price Chart Sources: finance.yahoo.com, tron.network, tronscan.org, coinmarketcap.com, coinbase.com

Table of Contents · What is Acala (aUSD)? · How does Acala (aUSD) work? · What makes Acala (aUSD) unique? · Who created Acala (aUSD)? · Closing thoughts Since its launch over a decade ago, the cryptocurrency industry has evolved to become an integral part of the financial space. The nascent sector promises to deliver an open-source future that boasts decentralization, evenly distributed power, more transparency, and less trust. However, the sector faces multiple issues that currently inhibit it from making good on its promise. One of the most significant pain points in the crypto industry is extreme volatility, which causes wild price swings in digital asset prices. This shortcoming makes it nearly impossible to use cryptocurrencies as a medium of exchange. Hoping to address this issue, developers created stablecoins, which are pegged to a fiat currency in the ratio of 1:1. By acting as a volatility hedge, stablecoins quickly attained mass adoption in the crypto space despite their non-speculative nature. Nonetheless, most stablecoins run on a single blockchain network. As a result, their adoption is capped, seeing as the assets that serve as stablecoin collateral are limited. After realizing that cross-chain communication in blockchain technology serves the same role as the internet in an intranet setup, Acala sought to address the collateral issue by offering a stablecoin protocol that serves as the building block of decentralized finance (DeFi) in the Polkadot. Acala chose to build its stablecoin protocol on Polkadot because it powers public, consortium, and private blockchains. This feature enables true interoperability as well as economic and transactional scalability. Watch the Acala (aUSD) Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://youtu.be/__t4RnDA-Zs How Does Acala (aUSD) Work? The Acala cross-chain stablecoin network seeks to develop a stable currency that enables low-cost borderless value transfers for all blockchains that are connected in a network. To increase the collateral supply, the protocol allows the use of assets on Polkadot or any other connected blockchain. By leveraging Polkadot’s shared security system, Acala aims to offer the highest security. The protocol also plans to achieve censorship resistance through its consortium setup and token release model. Additionally, Acala seeks to use its specialized blockchain network to set up a customized fee schedule while maintaining high security. The Acala protocol also plans to become a futureproof network that features forkless and non-disruptive upgrades. To achieve this, Acala intends to leverage on-chain governance. With most crypto platforms facing liquidity issues for staked assets, Acala leverages the Homa protocol, Which establishes a non-custodial trustless and cross-chain staking pool, where users stake their token and receive a L-Token (e.g. stake DOT and receive LDOT) that represents the principle staked asset plus the staking yield continuously accruing. L-Token are tradeable and liquid across all chains on the Polkadot & Kusama ecosystem. They are also redeemable for the underlying asset. What Makes Acala (aUSD) Unique? Acala features a multi-collateral-backed cryptocurrency dubbed the Acala Dollar Stablecoin (aUSD). This cryptocurrency is pegged to the US dollar in a 1:1 ratio. Unlike other stablecoins, aUSD is completely decentralized. The aUSD stablecoin can be created from blockchain assets connected to the Polkadot network. Anyone that owns Acala-supported cryptocurrencies can use them to create aUSD by creating a Collateralized Debt Position (CDP) through the Honzon protocol. The Honzon protocol is a dynamic ecosystem of CDPs. Alternatively, users can acquire aUSD tokens by buying the tokens from brokers or exchanges. The aUSD stablecoin can be used on any blockchain connected to Polkadot. Applications on the chains can also leverage aUSD. To maintain aUSD’s stability, Acala combines an automatic risk management algorithm within the Honzon protocol and community governance. The Acala network features a governance token dubbed ACA. This token has three use cases. ACA’s first application is serving as a network utility token. Acala users need ACA to pay transaction fees, scalability fees (interest rate on loans taken on aUSD), and penalty fees in the event of liquidation. ACA holders can propose network upgrades and risk level adjustments, which the elected on-chain General Council can either approve or turn down. It is worth noting that holding ACA does not entitle Acala users to any returns the network generates. The final use case of the ACA token in solving contingencies. In the event of a sudden plunge in the price of a collateral asset, the Acala system will liquidate and sell ACA tokens automatically to prevent the under-collateralization of CDPs. Who Created Acala (aUSD)? Four individuals, namely Betty Chen, 0xThreeBody, Ruitao Su, and Bryan Chen, co-founded Acala. Before Acala, Betty co-founded Laminar and served as its COO. She is also the co-founder of Flowingo. Ruitao also co-founded Laminar and served as its CEO. Additionally, Ruitao founded Less Code Limited. Bryan previously served as the CTO at Laminar and is a Polkadot ambassador. The Acala team also comprises Dan Reecer as its Chief Growth Officer. He previously worked in the field of Web 3 and promoted the launch of @Polkadot and @Kusama Network. Closing thoughts By functioning as a decentralized stablecoin protocol, Acala positions itself as a revolutionary protocol that helps unlock the true potential of the crypto industry. Through aUSD, the Acala network helps minimize the crypto sector’s volatility, allowing for more adoption and use in DeFi. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin

Table of Contents · What is FreshCut (FCD)? · How doesFreshCut (FCD) work? · What makes FreshCut (FCD) unique? · Who created FreshCut (FCD)? · Closing thoughts Apart from taking the largest share of the revenue generated, the web2 industry does not have a dedicated home for gaming content The social media industry is rapidly growing as the world transitions into a digital era. At the moment, the industry rakes in North of $120 billion. However, the sector has been leeching on free content from creators and free engagement from fans and members. Although the sector relies heavily on creators and fans, they get little or no share. Apart from taking the largest share of the revenue generated, the web2 industry does not have a dedicated home for gaming content. The gaming industry is spread across multiple platforms that are not designed to handle short-form or gaming content. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM For instance, in 2020, there were 87 million gaming content channels on YouTube and Twitch. By factoring in short-form platforms like TikTok, Instagram, and Reddit, this number rose sharply to hit hundreds of millions. While this industry has been growing at a 40% rate year-over-year for the past three years, creators continue to suffer under the tyranny of social-video platforms. For instance, Instagram creators got nothing despite having millions of followers and fan engagement. On the other hand, TikTok creators are making single-digit dollars. Additionally, revenue share economies take rates ranging from 30% to 50%. Hoping to address these issues, FreshCut launched as a web3 gaming content platform and community for fans and creators. The platform seeks to host the freshest video moments in the gaming community. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM To achieve and sustain this moment, FreshCut intends to empower fans and creators to share the best moments in gaming. Additionally, the platform intends to fairly compensate fans and creators in its ecosystem. Watch the FreshCut (FCD) Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://youtu.be/r2IVxLnF2Kc How Does FreshCut (FCD) Work? FreshCut focuses on disrupting the web2 standards in the social-video industry and shaping the sector’s future. The platform seeks to achieve this by sharing value back to creators and fans, who play a vital role in building and maintaining a healthy, fun, and engaging community. The FreshCut ecosystem features a token dubbed FreshCut Diamonds (FCD). FCD is an ERC-20 community token that runs on Polygon, an Ethereum sidechain scaling solution. Fans and creators can earn it in multiple ways, including community membership, engaging with the platform, and patronage/tipping. Read next: Stablecoins: Acala (aUSD) - What Is It? Unlike Other Stablecoins, aUSD Is Completely Decentralized | KuCoin| FXMAG.COM The FreshCut platform has integrated Engage-and-Earn and Create-and-Earn mechanisms. Additionally, the platform aims to add a patronage product, which returns 90% of the value to creators. Unlike other profit-oriented organizations, FreshCut allocates the remaining 10% to its community treasury. At the moment, creators can earn the FCD token through the Engage-and-Earn and Create-and-Earn mechanics through the FreshCut mobile app or Discord community. Fans that hold FCD can tip creators for their content. In the future, FreshCut aims to introduce an option to purchase digital collectibles, which it will co-create with creators on the platform. FCD holders will also get membership benefits within the FreshCut ecosystem and contribute to the platform’s governance through FreshCut DAO. What Makes FreshCut (FCD) Unique? Unlike web2 social-video platforms, FreshCut enables active content creators that contribute back to the community to earn regular FCD rewards. The platform will only distribute these rewards to creators who complete tasks. Creator tasks include publishing video content, fostering viewership and fan engagement, sharing video content, engaging fans through FreshCut, participating in events like tournaments, as well as creating and organizing sanctioned FreshCut events for fans and community members. Through the Engage-and-Earn mechanism, FreshCut allows fans that contribute to its discord channel to earn rewards. Tasks that creators need to complete to earn FCD include watching videos, engaging with creators, sharing and promoting creator content, and participating in community events. After earning FCD, fans can use their holdings to tip creators, get access to events, and earn exclusive drops. Additionally, they can qualify for community membership and/or creator benefits. Benefits include getting exclusive FreshCut merchandise, gaining access to FreshCut events and IRL meetups Creators and fans that hold FCD qualify as members. Getting the member status enables users to get perks in the FreshCut app and the platform’s ecosystem. Benefits include getting exclusive FreshCut merchandise, gaining access to FreshCut events and IRL meetups, entry into monthly gaming giveaways, and access to a members-only Discord channel. As development continues, FreshCut aims to team up with strategic advertisers and sponsors to increase the rewards that creators and fans receive. After the project achieves this milestone, FCD holders will enjoy both product and reward opportunities via special campaign activations. Considering FCD runs on Polygon, token holders get fast transaction speeds, low transaction costs, Ethereum’s security, a vibrant and rapidly growing EVM ecosystem, and robust development tools and environment. Who Created FreshCut (FCD)？ FreshCut is the brainchild of three individuals: James Kuk, Ben Stueck, and Ernie Le. James serves as the company’s CEO and has more than 10 years of experience in the gaming and creator economy. Before FreshCut, he worked as the Head of Global Business Development & Strategic Partnerships at Twitch. James also worked at Xbox Studios. Ben is FreshCut’s Chief Product Officer. He is a product development officer with vast experience building for gaming creators and their communities at Twitch. Ernie serves as the company’s Chief Content Officer. He previously worked at Twitch and helped the platform’s creator program grow to over 30,000 partners. Ernie also led the Publisher and Developer team at Twitch and is a Forbes 30 under 30 alumni. The rest of the team includes Frank Shotwell as VP of Engineering, Syed Hasnain as Blockchain Engineer, Ken Wattana as the Head of Marketing, Alice Wang as Finance Lead, Kevin McCarthy as Operations Lead, and Derek Hunten as Product Design Lead. FreshCut also has a rich team of advisors, including Twitch co-founder Kevin Lin, Republic Crypto co-founder Bryan Myint, Loot Squad co-founder Bryce Johnson, web3 content creator and YouTube creator Brandon Martyn, Ex Populous Soban Saqib, and Tribe Gaming founder and CEO Patrick Carney. Closing Thoughts By providing tangible value to creators and fans through the Engage-and-Earn and Create-and-Earn mechanisms, FreshCut is well-positioned to revolutionize the social-video industry. The project also helps build and sustain a healthy, engaging, and fun community. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin

TL;DR With Dual Investment, there’s an opportunity to employ different strategies depending on your market view.  For less-experienced investors, you can easily take profits, buy dips, and earn interest on your crypto and stablecoin holdings.  For experienced investors, it’s possible to enter multiple Dual Investment positions and take advantage of a short-term volatile market. Introduction For users looking to diversify their investments, Binance Earn’s products are a good place to start. Dual Investment is one of the more advanced ways to earn and provides a way to buy or sell a cryptocurrency at your desired price at your desired date in the future. Regardless of your position, you’ll earn a high-interest income no matter which direction the market goes. So now we understand the basic concept, how exactly do we start earning? There are, in fact, many ways to use Dual Investment. Each one can complement your trading strategies and predictions for the market. Let’s get stuck in! Learn more on Binance.com 1. Taking profits Although it can be easy to get carried away, it’s always good to take some profits when you can. With this particular Dual Investment strategy, you can benefit from additional returns and realize some of your crypto gains in the future. 1. Select the Sell High Dual Investment product on Binance Earn. In this example, we’ll look at an Ether (ETH) product. The current ETH price is $2,900 (all prices given in BUSD). 2. We’ll set a Target Price of $3,500 and the Settlement Date for a week’s time.  3. We’ll then have the chance to sell the deposited ETH at the Target Price if it’s reached on the Settlement Date in a week. If ETH is 3,500 BUSD or above on the Settlement Date, it will be sold for BUSD. This removes the situation of forgetting to take your profits or not doing so due to greed! At the same time, you’ll also be earning APY. 4. If your Target Price isn’t reached on the Settlement Date, you’ll still earn APY on the deposited ETH and receive the ETH back.   2. Buying the dips Buying the dip is another common trading strategy that allows you to take advantage of a market downturn. By purchasing at a lower price, you anticipate a later market upturn when you can sell for a profit. With Dual Investment, it’s simple to plan for potential future dips while earning an additional interest income. 1. Select the Buy Low Dual Investment product on Binance Earn. In this example, we’ll look at a BTC product purchasable with Tether (USDT) . BTC’s current price is $39,000. 2. We’ll choose a Target Price of $36,500 for BTC with a Settlement Date in one week. 3. If the Market Price is $36,500 or lower on our Settlement Date, for example $36,000, BTC will be purchased at our Target Price. You’ll also get your earned interest too.  4. If your Target Price ($36,500) isn’t reached on the Settlement Date, you’ll still earn APY on the deposited USDT before receiving it back.   3. Growing your HODLed crypto When entering into Dual Investment, you don’t always have to be betting on market movements. In fact, you can make good use of the product even when the price remains relatively stable or doesn’t reach your Target Price. Here, we’re just looking to make returns on crypto through interest. 1. Select the Sell High Dual Investment product on Binance Earn. In this example, we’ll look at a BTC product. BTC’s current price is $39,000. 2. We’ll choose a Target Price of $40,000 for BTC with a Settlement Date in one week. 2. To simply earn APY, we hope that Bitcoin’s price remains stable or decreases and doesn’t meet the Target Price. 3. At the Settlement Date, BTC’s price is $38,000. This means you keep your deposited BTC and receive all earned interest. This provides an easy way to earn high interest on your crypto holdings.   4. Growing your stablecoin stash Many of us keep stablecoins as a way to keep captured profits in the blockchain ecosystem. But that doesn’t mean that we can’t make them start earning too. This strategy is similar to the previous one, in that we hope the Target Price isn’t reached. 1. Subscribe to a Buy Low Dual Investment product on Bina nce Earn. In this example, we’ll look at a MATIC product purchasable with USDT. MATIC’s current price is $1.20. 2. We’ll choose a Target Price of $1.10 for MATIC with a Settlement Date in one week. 2. To earn stablecoin APY, we hope that MATIC’s price remains stable or increases and doesn’t meet the Target Price. 3. At the Settlement Date, MATIC’s price is $1.22. This means you keep your deposited USDT and receive all earned stablecoin interest. This provides a simple way to earn high interest on your stablecoin holdings.   5. Compound earning in a short-term volatile market Our previous four strategies have provided simple ways to earn interest and buy or sell at preset prices according to your strategy. However, there’s also the opportunity for more advanced plays with Dual Investment. As always, investing has an inherent risk. This strategy should only be used by experienced investors who feel comfortable in volatile markets. With this application, we expect market volatility but have no clear view of whether the market is bullish or bearish. To take advantage of this situation, we need to use a combination of Buy Low and Sell High products. Let’s look at an example. 1. Select the Sell High Dual Investment product on Binance Earn. In this case, we’ll look at a BNB product. BNB’s current price is $395. 2. We’ll choose a Target Price of $420 for BNB with a Settlement Date in one week. 3. The market is volatile, meaning two things may happen.  If the Target Price isn’t met, you’ll keep your BNB and earned interest. You can create a new Sell High order, allowing you to earn more interest or sell for a higher price.  If the Target Price is met, you’ll sell your BNB at $420 per unit and gain interest. You can now place a Buy Low order, giving you the chance to purchase crypto at a lower price.  4. Every time your Target Price is met, go for Dual Investment products in the other direction. If the Target Price is not met, continue on with the same direction until the Target Price is met.  4. Playing the market in this way lets you keep on buying lower and selling higher, all while compounding your returns.   6. Double-sided positions Our final strategy has similarities with the previous one, but in this case we open two positions simultaneously. To do this, you’ll need to hold two types of tokens: one in crypto (like BNB) and one in stablecoin (like USDT). Let’s see how it works if the price of BNB is currently $390.  1. Use BNB to subscribe to a Sell High BNB Dual Investment product with a Target Price of $420 and a Settlement Date in one week. 2. Use USDT to subscribe to a Buy Low BNB Dual Investment product. Set your Target Price to $360 with a Settlement Date in one week. 3. The market is volatile leading to three possible outcome:  The Target Price of both positions isn’t met as the price stays between $360 and $420. In this case, you’ll keep your original BNB and USDT deposits, as well as earned interest in both currencies.  The price of BNB reaches $420 or above, meaning the Sell High position’s Target Price is reached. Your BNB and accumulated interest will be sold for $420 per unit, and you’ll also keep your Buy Low USDT deposit plus earned interest. In conclusion, you get to take profit from selling BNB and also accumulate interest in USDT. The price of BNB reaches $360 or above, meaning the Buy Low position’s Target Price is reached. You’ll purchase BNB at your desired price and receive your interest, and you’ll also keep your Sell High BNB deposit plus earned interest. In conclusion, you get to buy BNB at a lower price while also accumulating interest in BNB. Closing thoughts There’s a lot more to Dual Investment than just earning interest and buying or selling. You can use the product as a way of planning your trading strategies with the added bonus of APY. So, if you’re looking for a way to diversify your investments, Dual Investment is a great product to explore. Disclaimer: Dual Investment is not a principal-guaranteed product. Subscribed assets are locked and users are not able to cancel or redeem before the Settlement Date. If the market price goes far below your Target Price to buy on the Settlement Date, you will be buying at a relatively higher price than the market price, and vice-versa. Binance does not assume liability for any losses incurred from price fluctuations. Please read through the product terms carefully before subscribing.

Bitcoin is down 9.4% over the past week, ending at around $31,000. Ethereum lost 16.1%, while other leading altcoins in the top 10 fell from 13.9% (Binance Coin) to 25.4% (Solana). The total capitalisation of the crypto market, according to CoinMarketCap, sank 15% over the week to $1.30 trillion. Bitcoin has declined for six weeks in a row, along with stock indices The bitcoin dominance index jumped 2.9 points to 44.4% over the same period due to a sharp weakening of altcoins. The cryptocurrency fear and greed index fell 8 points in the week to 10 and continues to be in "extreme fear". By Monday, the index had climbed to 14 points, thanks to the cryptocurrency market's retreat from local lows at the end of last week. Bitcoin has declined for six weeks in a row, along with stock indices. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM A prolonged one-way move in Bitcoin was last seen in late 2018 when the first cryptocurrency hit a cyclical bottom. That was followed by many more months of sluggish momentum, so investors have an essential question: choose a low point to buy or join the move when it is certain. Prudence suggests that it is less risky to follow the second strategy. The story of the Terra (LUNA) crash and the TerraUSD stablecoin project added to the negativity on the crypto market, hitting all altcoins hard Last week's decline intensified after breaking through last year's lows near $30,000, becoming the most significant weekly drop since January. The story of the Terra (LUNA) crash and the TerraUSD stablecoin project added to the negativity on the crypto market, hitting all altcoins hard. According to Global Macro Investor CEO Raul Pal, May and June will be the most worrying months, so a new wave of sell-offs in the crypto market is inevitable. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Robert Kiyosaki, the world-famous author of the bestselling book Rich Daddy, Poor Daddy, is looking to buy bitcoin once it tests the 'bottom' at $17,000 Legendary investor Bill Miller said he sold some of his BTC holdings. Although bitcoin may continue to decline in the short term and even drop by half from current levels, Miller looks at bitcoin positively and expects it to grow over a long time. Robert Kiyosaki, the world-famous author of the bestselling book Rich Daddy, Poor Daddy, is looking to buy bitcoin once it tests the 'bottom' at $17,000. The businessman has once again expressed distrust of the US government.

BTC is sitting around a strong support zone 30k and lower trendline in green so we will be "looking" for buy setups on lower timeframes. For the bulls to take over, for the correction to start, we need a break above the red trendline. Meanwhile, we are a bearish and if we break below 30k, a movement till the next rejection would be expected (demand zone 20k) Which scenario do you think is more likely to happen? and Why? Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Always follow your trading plan regarding entry, risk management, and trade management. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Good luck! All Strategies Are Good; If Managed Properly! ~Rich  

Learn more on Binance.com Part I: Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?| FXMAG.COM 6. TPunk #3442 - $10.5 million Some people consider TPunks as Tron’s version of CryptoPunks, with the familiar pixelated faces that carry different rarity and attributes. One of the rarest is this joker-face TPunk #3442. It was sold for 120 million TRX in August 2021 to Justin Sun, CEO of Tron. This was the most expensive NFT ever sold on the Tron blockchain. Sun didn’t keep the TPunk, though. He donated it to APENFT right after the purchase.      7. CryptoPunk #4156 - $10.26 million Yes, another CryptoPunk among the most expensive NFTs. CryptoPunk #4156 is an ape with a blue bandana. Its previous owner was someone with a matching pseudonym “Punk 4156,” who acquired the NFT at $1.25 million in February 2021. However, he sold the NFT for $10.26 million in December of the same year.     8. CryptoPunk #5577 - $7.7 million At #8 sits another ape-like CryptoPunk, this time with a cowboy hat. CryptoPunk #5577 was sold for 2,501 ETH in February 2022. Although not confirmed, many believe that the buyer was Robert Leshner, CEO of Compound Finance, who tweeted a “Yeehaw” after the purchase happened.     9. CryptoPunk #3100 - $7.58 million Sold at $7.58 million in March 2021, CryptoPunk #3100 is also one of the nine rare alien punks and it also wears a headband. As of May 2022, this Punk is listed for 35,000 ETH. If it ever gets sold, it will be the biggest NFT sale in the history of CryptoPunks.     10. CryptoPunk #7804 - $7.57 million CryptoPunk #7804 is the sixth CryptoPunk in our list. It’s a pipe-smoking alien with a cool cap and sunglasses. #7804 was owned by the CEO of the designer software company Figma, who proudly referred to it as the “digital Mona Lisa.” The NFT was sold for $7.57 million in March 2021.     Where can I buy NFTs? You can get your first NFT at various NFT marketplaces. Depending on the blockchain network, you’ll need a compatible wallet and the supported cryptocurrencies for the purchase. For example, NFT prices on Binance Smart Chain (BSC) are almost always in BNB or BUSD, while NFTs on the Ethereum blockchain typically use ether (ETH).  You can buy the cryptocurrencies needed on the Binance exchange and transfer them to a wallet that can be connected to the NFT Marketplace. If you’re purchasing NFTs on the Binance NFT Marketplace, you can simply move your funds to the Funding Wallet. Select the desired NFT and click [Buy Now] or [Make Offer]. Check out our NFT Marketplace guide for more details.     If you’re looking to buy NFTs on other marketplaces, browser extension wallets like Binance Chain Wallet and MetaMask are good options. After transferring your funds from Binance to your wallet, connect it to the NFT marketplace to get started. Don’t forget to check the URL you are visiting to ensure that you’re on the official website. If you connect your wallet to fake or suspicious websites, your funds might be stolen. Closing thoughts It’s no doubt that NFTs are growing in popularity and continuously creating new record-high sales. While most NFTs are simply collectible artworks, we have an increasing number of NFTs created with a variety of use cases. As NFTs mature, we can expect to see more utilities and adoptions than simply digital collectibles and possibly even higher sales.

Between 5 and 12 May 2022, Bitcoin fell by over $13,000, i.e. over 33%. It increased Bitcoin depreciation which started on 28 March, to over $21,000, i.e. 44%. In turn, counting from the peaks of November 2021, BTC decreased by over $42,000, i.e. 61%. Such a significant sale caused the exchange of the oldest virtual currency to drop from $69,000 to below $27,000, which was the lowest level since December 2020. It is noteworthy that this trend did not stop around the critical level of support of $29,000, where various types of demand reactions have occurred many times in the past. However, considering that the demand reaction that appeared last weekend was much more modest than the previous ones around this support, it seems highly probable that it will be only a temporary correction, after which the BTC rate will return to losing value. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM If this sell-off leads to a sustained drop below $24,000, we will have to prepare for a further depreciation towards $24,000 or even below $20,000. The current situation on the Ethereum quotes is also identical. The price of this cryptocurrency fell between 3 April and 12 May this year by 52%, dropping to the Tech Support area of $1,750, the lowest level since July 2021. The demand reaction that appeared last weekend was much more modest than the rebound observed in this region in May, June and July 2021. We assume that it will be only a correction, after which ETH will return to around $1,750. A permanent drop below this price level could open the door for further declines to $1,400 — around this price is another significant support around which we could expect a greater demand response. Solana (SOL) Loses Ca. 77% Looking at the Solana quotes, we notice that the price of this cryptocurrency fell between 2 April and 12 May this year by almost 77%, dropping to the area of technical support of $37, which was the lowest level since August 2021. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM In the second half of last week, the demand reaction appeared. Although it could signal a potential rebound towards the previously defeated support (now resistance) of $78, taking into account the general pessimism currently observed in the broad cryptocurrency market, it seems that the increases can end much earlier. The SOL rate could return to around $37 or even fall below this support if this happens. It would indicate a potential for further depreciation towards $23. The current situation on the Cardano quotes is also very interesting. The price fell between 4 April and 12 May this year by 69%, dropping to the area of technical support of $0.40, which was the lowest level since the beginning of February 2021. It is where the demand response appeared, and if the several-day increases continued, the ADA rate could even return to the area of previously defeated support (now resistance) of $0.75. However, there are many indications that this rebound will ultimately turn out to be only a correction, after which Cardano’s quotations will return to the area of $0.40, or they will drop even lower. Start your trading adventure with Geco.one

LUNA price plummets nearly 38% despite a 200% increase in trade volume. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins. Binance CEO CZ believes Do Kwon’s plan to save LUNA will not work as forking does not add value to the new fork. Do Kwon’s proposal to fork Terra’s LUNA to a new chain has received criticism from Binance CEO and cryptocurrency proponents. The Luna Foundation Guard has spent $3 billion stabilizing TerraUSD’s peg, however, UST has failed to recover. Terra’s LUNA struggles to recover despite forking plan The Luna Foundation Guard has spent billions of dollars reinstating TerraUSD’s (UST) peg. However, UST price is struggling to make a comeback. At the time of writing, UST is priced at $0.082, 91.8% lower than its $1 peg. Do Kwon, the CEO of Terraform Labs, came up with a recovery plan for Terra’s tokens. The Luna Foundation Guard Council proposed forking LUNA to a new chain, using a snapshot from before the attack on the blockchain. The recovery plan proposes a cap of 1 billion coins, where 900 million tokens of the new chain are set aside to be returned to LUNA and UST holders from before the de-pegging event and chain hold, and the last 100 million tranche is to be staked at the network genesis state. Proponents criticize Do Kwon’s plan for LUNA recovery Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange, Binance, critiqued Do Kwon’s recovery plans and revealed that he does not believe that LUNA can recover and make a comeback to $120. Zhao stated that, This won’t work. – forking does not give the new fork any value. That’s wishful thinking. – one cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges). On behalf of Binance, CZ asked the Terra team to compensate retail users first and supported the prioritization of the smallest wallets with UST deposits on Anchor. Binance has nearly $1.6 billion tied up in LUNA’s collapse. Kwon has requested community members for patience as Terraform Labs works on multiple tasks to stabilize UST, repeg it and drive a recovery in LUNA. Still, the CEO of CryptoQuant revealed that market maker(s), including the ones hired by LFG, sent 84,000 BTC, equivalent to $2.5 billion, to multiple exchanges last week. It is unclear whether the BTC tokens were sold, but it is likely that Coinbase digested a majority of the selling pressure and efforts to recover algorithmic stablecoin UST failed. Larry Cermak, VP of research at IntoTheBlock, pointed out that LFG has gone from $3.1 billion in its reserves a week ago to $87 million now as the non-profit organization spent nearly $3 billion on defending UST’s peg. Despite the efforts, the stablecoin collapsed. VisionPulseTrades evaluated LUNA price trend and revealed that if the bottom is in, LUNA needs to gain confidence among investors to begin a trend reversal. If so, the next bullish target for is capped between $0.00025 and $0.00033. A recovery to $120 is therefore unlikely for LUNA, as VisionPulseTrades emphasizes the demand for the token comes from investors expecting a recovery and a purchase of Terra by the LFG. Terra LUNA's collapse dragged the whole crypto market After Terra LUNA's implosion, most crypto assets suffered heavy losses. What's next for Bitcoin?

Table of Contents · Crypto Market Overview · Top Altcoin Gainers and Losers · News Highlights This Week · Bitcoin (BTC/USDT) Analysis on KuCoin Chart On Monday, cryptocurrency prices remained bearish amidst a dramatic drop in LUNA and UST. The global cryptocurrency market cap was $1.30 trillion, up from $1.14 trillion. Total crypto market volume fell from $80.16 billion to $79 billion.   Nigeria's Securities and Exchange Commission has issued new rules to guide the issuance, custody, and exchange of digital assets and classify them as securities, which is a positive development in the crypto space. Nonetheless, the Terra ecosystem collapse remained one of the top stories in the previous week.   Let's delve deeper and take a quick look at the latest crypto market news and Bitcoin's technical outlook.   Crypto Market Overview Bitcoin dominance has soared to 44.4% up from 40.60% last week. The leading cryptocurrency by the market was trading at $30,426 while Ethereum, the second-largest cryptocurrency by market capitalization, has plunged by 15.88% in the past seven days. On Monday, it was trading at $2,076.89, a 3.27% surge in 24 hours.   Maker (MKR), Pax Dollar (USDP), and Binance USD (BUSD) remained the top performers from the previous week. Maker increased by more than 29% to trade at $1,517.75, while Pax Dollar increased by 0.50% in the last seven days, maintaining a $1 peg.   Cryptocurrency Market Heatmap | Source: Coin360   While TerraUSD (UST) experienced a massive plunge, losing 82.15% to $0.1779 and Waves (WAVES) lost 48% in the last seven days. The crypto market's trading sentiment has shifted negatively due to risk-off sentiment, and digital assets are struggling to rise.   Top Altcoin Gainers and Losers Top Altcoin Gainers: ➢ Maker (MKR) ➠ 29.66%➢ Pax Dollar (USDP) ➠ 0.50% ➢ Binance USD (BUSD) ➠ 0.13%   Top Altcoin Losers: ➢ TerraUSD (UST) ➠ 82.15% ➢ Waves (WAVES) ➠ 48.05% ➢ Lido DAO (LDO) ➠ 46.54%   News Highlights Here are some of the events that made the previous week's crypto news section stand out:   Crypto’s Bloodbath: Terra (LUNA) Nears $0 If you haven't heard, TerraUSD (UST), a cryptocurrency that is supposed to remain stable at $1 (also known as a stablecoin), is no longer $1. It's usually a bad sign when a crypto token is supposed to be $1 but isn't. Furthermore, the LUNA crypto token, which underpins UST, has lost nearly all of its value. These losses have been widely reported, so this is likely the umpteenth piece about UST you've seen.   Sister asset TerraUSD, a so-called stablecoin designed to trade at around $1, broke its peg last weekend, falling to 16 cents, algorithms are supposed to help keep TerraUSD at $1, but the token uses luna as a stabilizing mechanism when the price deviates.   During the previous week, Terra (LUNA) prices fell to near $0.01. The LUNA token is currently trading at $0.0002426, down from $80 just a week ago. The platform behind the beleaguered luna cryptocurrency said that it had temporarily halted its blockchain to stop transactions after the token's price dropped nearly 100 percent overnight, making the network more vulnerable to an attack.   There are several stablecoins available, including tether (USDT), USD coin (USDC), Binance USD (BUSD), and Dai (DAI). Notably, we also had TerraUSD (UST). These are the five most valuable stablecoins, worth approximately $160 billion. These stablecoins are collateralized stablecoins issued by centralized entities (USDT, USDC, and BUSD). These entities own a treasury of dollars that back each coin, allowing the holder to redeem each coin for $1 from the issuer. However, it would be fair to say that such an incident has shaken investor sentiment.   Nigeria's Markets Regulator Publishes Rules on Crypto Assets Nigeria's Securities and Exchange Commission has made new rules about how digital assets can be issued, stored, and traded. The central bank of Nigeria prohibited banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies last year.   However, the country's young, tech-savvy population has embraced cryptocurrencies, for example, using peer-to-peer trading provided by cryptocurrency exchanges to circumvent the financial sector ban.   On its website, Nigeria's Securities and Exchange Commission (SEC) published the "New Rules on Issuance, Offering Platforms, and Custody of Digital Assets." These rules classify digital assets as securities, which is a good thing for the crypto space. Such government action points to cryptocurrency acceptance and, as a result, helps to support cryptocurrency prices.   Dogecoin Has Potential as a Currency, Elon Musk Says All that the crypto market requires now is support from crypto influencers such as Elon Musk. So, despite massive sell-offs in the cryptocurrency market, Tesla CEO Elon Musk has issued another bullish statement about the meme cryptocurrency dogecoin (DOGE).   Musk stated that dogecoin "has currency potential." His tweet responded to a comment by dogecoin co-creator Billy Markus, who noted that the meme cryptocurrency appeals to him because "it knows it is stupid."   Elon Musk, the CEO of Tesla, reaffirms that Dogecoin "Has Potential as a Currency" as the Twitter deal is put on hold. The Tesla CEO's tweet reiterated his previous claim that DOGE is the best cryptocurrency for transactions.   On the other hand, he believes Bitcoin is better suited as a store of value. Musk, also known as the Dogefather in the crypto community, stated that dogecoin is "the people's crypto." Elon Musk, a long-time supporter of DOGE, tweeted in April 2019: "Dogecoin may be my favorite cryptocurrency." It's cool." In addition to bitcoin and ether, Musk revealed that he owns dogecoin.   Despite Musk's upbeat tweet, the cryptocurrency market is still struggling to recover, but he has provided some encouragement.   Germany Declares Crypto Gains Tax-Free After 1 Year While Indian investors are disappointed by crypto taxes, the German Ministry of Finance has issued an official letter confirming that the sale of crypto assets after one year is tax-free, even if the coins are used for staking and lending. According to the finance ministry, one of the most heatedly debated issues at a hearing last year was whether the tax-free holding period for crypto lending and staking should be a minimum of ten years.   According to the ministry, in collaboration with the federated states: “The letter now states that the so-called 10-year period does not apply to virtual currencies.” This could be another factor to drive demand in the cryptocurrency market.   Crypto Calendar: Events to Watch This Week The cryptocurrency calendar features two cryptocurrency-related events, one from Basic Attention Token (BAT) and one from EOS. The EOS Hard Fork is scheduled for May 19. The cryptocurrency mainnet adheres to a set of rules.   Changes are made on a regular basis to improve network performance or to correct errors. A hard fork is incompatible with previous versions of programs that support the cryptocurrency network, and miners must update their software to continue mining cryptocurrency.   In some cases, a completely new cryptocurrency may emerge due to a hard fork, as happened with Bitcoin Cash.   Fear & Greed Index Signals Extreme Fear, Cryptos on a Downtrend As investors seek to invest in risk-free securities rather than risky assets such as stocks and cryptocurrencies, the market's trading sentiment has shifted to bearish or risk-off. As discussed in last week's weekly report, companies using debt financing must pay higher interest rates as interest rates rise, reducing their profitability. As a result, investors seeking dividends or capital gains typically sell securities or stocks on the stock exchange.   Traders shift their funds to less risky assets such as government bonds and treasury bills. As a result, the global stock markets and cryptocurrency prices positively correlate, as we recently discovered. As a result, a decline in the stock market causes a decrease in cryptocurrencies.   Fear & Greed Index | Source: Alternative   The market's risk-off sentiment has triggered extreme risk in the market. As a result, the fear and greed index shows extreme fear, indicating that cryptocurrency traders' bearish bias is weakening. Extreme fear can mean overly concerned investors and oversold cryptocurrency markets. Typically, this is when investors look for a buy entry as the coins are already cheaper. So, look for buying opportunities as the bulls are expected to enter soon.   Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin is currently trading at $29,600, with a trading range of $33,150 to $28,040. Overall, the strong bearish bias in the leading cryptocurrency appears to have abated, with the BTC/USD forming neutral candles.   On the daily timeframe, the BTC/USDT has formed a Doji candle and gained support at the 28,000 level. A Doji candle followed by a strong bearish price action typically indicates a weakness in selling pressure and a potential bullish reversal.   The RSI and MACD are holding under 50 and 0, respectively, indicating a selling trend. The RSI, on the other hand, has bounced off after testing 20 levels, indicating a possible reversal. As a result, an increase in Bitcoin demand and a breakthrough $33,1050 resistance exposes the BTC price to $37,500 resistance.   BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   The downward trendline and EMA series are adding to the selling pressure on BTC/USD. On the downside, the leading cryptocurrency, Bitcoin’s immediate support stays at the $28,000 level. A decline in demand and a bearish break below $28,000 expose Bitcoin to a $24,350 support level.   Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.     Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange Download KuCoin App >>> https://www.kucoin.com/download Also, Subscribe to our Youtube Channel >>>Listen to 60s Podcast Source: KuCoin

Summary: What is Monero and how does it work? Advantages of Monero Past, present and future prices of Monero Background of Monero Cryptocurrency Launched in 2014, Monero is a privacy-orientated and open-source cryptocurrency. Its blockchain is not transparent, this makes every transaction untraceable and maintains the users’ anonymity. Its privacy makes Monero an attractive tool to use for illicit activities on the dark web. Moneros token is represented by “XMR”. It has a current circulating supply of over 18 million tokens, with an unlimited supply and a current market capitalisation of more than $3.1 billion. Investors are able to mine their own tokens Investors are able to mine Monero using their own CPUs, which means paying for special hardware is not necessary. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Moneros mining concept is based on the belief that every person using the platform is equal and therefore, deserves equal opportunities. When the blockchain was launched, the developers did not keep any stake for themselves, but they did bank on contributions and community support to further develop the virtual currency. Monero is the leading cryptocurrency that is focused on privacy Monero is currently the number one cryptocurrency that is focused on private and censorship-resistant transactions. Unlike major crypto platforms such as Bitcoin and Ethereum who have transparent and traceable blockchains, Moneros platform prioritises privacy by making use of privacy-enhancing technologies, this way Moneros users remain anonymous. Moneros transactions are untraceable and confidential, the platform is currently the only one whose users anonymity is guaranteed from the start. In order to keep the sender, receiver and transaction amount, the platform makes use of 3 technologies: Stealth Addresses: automatic one-time addresses for every transaction. Ring signatures: a group of cryptographic signatures with at least one real participant, but there is no specific way to know which in the group is the real one as they all appear valid. Ring CT: a way of hiding the amount of money in the Monero transaction. Monero’s fungibility Because there is no transparency in Monero and its untraceability, it is a true fungible currency. Fungible in this context refers t o the property of a currency where two units can be substituted in place of one another. Those who accept Monero transactions do not need to be concerned over tainted or blacklisted coins. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM Monero is electronic cash that allows fast, inexpensive transactions without borders. With the Monero platform, there are no wire transfer or check clearing fees, no fraudulent chargebacks and no multi day holding periods. Monero is decentralised, therefore there are no constraints by legal jurisdictions and provides safety from capital control. Monero attracts the world's best cryptocurrency researchers and engineering talent Monero attracts the world's best cryptocurrency researchers and engineering talent. Monero leads in the security within cryptocurrencies market, they have a research team who are consistently trying to improve on the technology for the platform. Monero relies on proof-of-working mining, which is an algorithm that provides security to certain cryptocurrencies. proof-of-work also prevents errors in the system regarding double spending which can skew supply. Buying Monero: Either buying the currency through an exchange Looking for a seller. Through an automated teller machine (ATM) that is enabled for cryptocurrency purchasing. Is Monero Illegal? Although some aspects of Monero sound as though they are illegal, Monero is infact a legal cryptocurrency. Due to its privacy aspect, the currency is popular on the dark web and is often used for trading on the black market, gambling and purchasing and selling of drugs. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Advantages of Investing in Monero: Its development is focused on a high security, privacy and anonymity guarantee. Transactions are not link-able in any way to any Monero user. The blockchain does not have a block size limit and is dynamically scalable. Even when the Monero total is mined, 0.6 MXR per block will be created to incentivize miners. It has gained a lot of growth regarding its price. Selective transparency, any user transactions visible to the people they choose to share them with. Past, Present and future prices: Some investors believe that if investors are looking to enter the crypto market, Monero could be a good investment, its token price jumped 231% between August 2020 to August 2021. The growth of Monero during this time period impressed stock markets. Recently, the greater financial markets, including the cryptomarkets have been experiencing volatility across the board. There is hope amongst experts that Monero will continue to grow until the end of 2022, and strengthen even further into the future as well. Some experts predict that by 2030, Monero tokens could be worth over $3000 Monero (XMR) Price Chart Sources: academy.bit2me.com, getmonero.org, finance.yahoo.com, investopedia.com

KOK is approaching a strong demand and round number 1.00 KOK is overall bearish trading inside our brown channel. For the bulls to take over, we need a break above the upper brown trendline. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM As per my trading plan, I will be waiting for a third swing high to form around the upper brown trendline to consider it our trigger swing then buy on its break upward. Meanwhile, until the buy is activated, KOK would be overall bearish can still trade lower till the 1.0 round number zone. In this case, we will be looking for buy setups on lower timeframes as price approaches 1.00. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich  

TL;DR FC Porto Fan Token (PORTO) is a BEP-20 utility token of the FC Porto football club. PORTO was launched in 2021 via a Binance Launchpad sale, and it gives fans and token holders exclusive experiences and privileges.  PORTO holders can participate in voting polls for club-related decisions, such as choosing the warm-up song and the welcome message to display in the next match. PORTO can also be used to purchase FC Porto’s NFT Mystery Boxes, and the NFTs can then be used for staking to earn extra PORTO rewards on the Binance Fan Token Platform.   Introduction Dedicated fans can now interact with their favorite sports teams and celebrities in a more innovative and direct way in the crypto world. Fan tokens are the latest trend that leverages blockchain technology to create exclusive experiences for sports enthusiasts and fans alike.   Learn more on Binance.com   What are Binance Fan Tokens? Binance Fan Tokens are utility tokens associated with sports clubs, teams, celebrities, or brands with a large fan base. Fan token holders can enjoy unique fan privileges, such as accessing exclusive pre-sales for event tickets and collecting special Non-Fungible Tokens (NFTs). In some cases, they can also influence club-related decisions like choosing new team uniforms, entrance music, and more. The Binance Fan Token Platform is the official partner of several football teams, including the S.S. Lazio (LAZIO), FC Porto (PORTO), and Santos FC (SANTOS). Unlike NFTs, Binance Fan Tokens are completely fungible tokens. Just like BNB, Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Being fungible means that every token unit holds the same value and utility.   What is FC Porto Fan Token (PORTO) and how does it work? Founded in 1893, the FC Porto football club has won the most international titles in the Portuguese Premier League and many other impressive achievements across Europe, such as the UEFA Champions League. To incentivize its worldwide supporters, the club partnered with Binance in 2021 to release the FC Porto Fan Token (PORTO). PORTO is the second sports fan token released through a token sale on the Binance Launchpad. It is a BEP-20 utility token on the BNB Chain (former Binance Smart Chain, BSC), with a total token supply of 40 million. PORTO has several fan-engagement use cases within the Binance ecosystem. As a utility token, PORTO gives holders governance rights to participate in voting polls related to the Portuguese football club. The more fan tokens they hold, the greater influence their vote will have on these fan-related decisions. For example, PORTO holders can choose the team's warm-up song for an upcoming match, as well as the welcome message to display during a match. Apart from governance rights, token holders can use their PORTO to purchase FC Porto’s NFT Mystery Boxes. These mystery boxes contain neutral, rare, or super rare NFTs from a unique collection. For example, the first PORTO NFT collection featured the team’s legendary goalkeepers. The PORTO NFTs are more than digital collectibles. They can also be used for staking on the NFT PowerStation, an innovative gamification feature on the Binance Fan Token Platform. By charging the required NFTs, fans can power up their fandom and claim extra PORTO rewards. The longer their NFTs are charged, the better their fan rewards. The NFTs can also be traded on the Binance NFT Marketplace. In the future, token holders will be able to use their PORTO for loyalty subscriptions, such as earning special rewards and fan badges, going to “meet and greet” events with team players, and receiving free merchandise. Fans can also use PORTO to purchase match tickets and pay for memberships on FC Porto’s e-commerce platform via Binance Pay.   How to buy PORTO on Binance? You can buy PORTO on crypto exchanges like Binance. 1. Log into your Binance account and go to [Trade] to select either the [Classic] or [Advanced] trading mode. 2. Click on [BTC/USDT] to open the search bar. Enter “PORTO'' to view available trading pairs. We will use PORTO/USDT for this example. 3. Go to the [Spot] box on the right and select your order type. For example, a market order. Enter the amount of PORTO you would like to buy, then click [Buy PORTO] to place the order. Your purchased PORTO will be credited to your Spot Wallet.         Closing thoughts Fan tokens are fuelling a new era of fan experiences by offering an innovative channel for fans to interact with their favorite teams. With the Binance Fan Token Platform adding new use cases to fan tokens, PORTO is expected to bring more exciting experiences to holders in the future.

Bitcoin price sees bulls popping back above $30,000 as it reclaims an important psychological area. BTC price is set to break above the high of last week and could rally to $36,709.19 by the end of this week. Expect to see a continuing rally with all stars aligned towards $44,088.73. Bitcoin (BTC) price sees bulls returning to the scene to pick up the pieces from the scattered BTC price that saw slaughter in the past trading days. BTC price quoting at a lucrative discount has made the asset attractive for cherry-picking traders and investors. With the Relative Strength Index (RSI) showing that Bitcoin still has a heartbeat, expect to see a full recovery towards $45,261, claiming back some critical levels in the process. BTC price set for complete recovery as heartbeat strengthens on the RSI Bitcoin price is showing signs of recovery after it took a beating for over two whole trading weeks. The most significant catalyst in that case was the dollar and its impact on BTC price. With the balance outweighing, in favour of the mighty dollar, BTC price is currently trading at a very nice discount. Should Bitcoin price drop below $30,000 somewhere this week, expect it to be scooped up quite rapidly and to quickly trade higher as the RSI is leaving the oversold area, proving that demand is there. BTC price thus sees investors and traders returning after a short hiatus as the dust settles over a few risk events, and some tail risks have gotten deflated. Hand in hand with that, the dollar is backing off, allowing some room for Bitcoin price to trade higher, with $36,709.19 acting as a line in the sand for this week. In case we see a weekly close above there, expect to see a rally next week towards $45,261.84, on the way up to the 200-day Simple Moving Average. BTC/USD daily chart Investors could be hesitant to pick up BTC prices after the image of cryptocurrencies got dented last week with Terra’s LUNA crash. Lack of interest could trigger a rejection at the first big hurdle at $31,321.98. Bears will probably use that level as entry to push price action back down and break below $30,000.00 again. As the price trades sideways, the risk is that interest fades and BTC price slips below $28,695 to test $24,000 to the downside.

Bitcoin has been hovering around the 30K mark for a second day, forcing the rest of the crypto market to balance declines and gains. Ethereum has lost 1.2% in 24 hours but remains near 2,000. Altcoins from the top ten are mostly declining, losing between 0.7% (DogeCoin) and 3.8% (Polkadot). Tron is gaining 1.7% but has been little changed since the end of last week. Total crypto market capitalisation, according to CoinMarketCap, declined 1.1% overnight to $1.29 trillion. Bitcoin’s dominance index remained unchanged at 44.3%. Bitcoin has stalled at the psychologically significant 30K level The Cryptocurrency Fear and Greed Index was up 4 points to 12 by Wednesday and remains in “extreme fear”. The index’s recovery from lows since 2019 is due to a waning selloff but not a market reversal to growth. Bitcoin has stalled at the psychologically significant 30K level and has also lost the momentum of the rebound at the 76.4% Fibonacci line from the downward move from late March to last Thursday’s lows. This is a typical shallow counter-trend correction. The inability of the market to develop the offensive from the current levels would raise the question that the final target for the downtrend would be the 161.8% area of that move, which is near $11.3K. Such a setback would cancel out all upside momentum from October 2020. So far, this scenario looks exceptionally pessimistic and needs to converge the disappointment of crypto-neophytes on top of an actual collapse of the global economy and stock market. Such a dip would leave Bitcoin’s price at only 16% of its peak, which has happened several times in its history. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM However, a significant drop below previous cyclical highs ($20K) would be unusual, although Bitcoin was previously repurchased on similar drawdowns. Perhaps a more cautious scenario would be a dip into the $20-23K area to close the gap at the end of 2020 or a return to the 2017 highs. The realist-optimistic scenario points to the possibility of cautious buying by long-term investors from current levels. Following TerraUSD, another stable coin - DEI - lost its peg to the US dollar However, it does not suggest a new wave of explosive growth, as financial conditions and a return to the area at the start of 2021 are disappointing for those investors who have been buying cryptocurrencies as a way to make a quick buck. Moreover, inflation has weaned 10% off the dollar’s purchasing power over this period. Among the news that caught our eye were: According to CoinShares, institutional investors invested $274 million in crypto funds last week, a record since the start of the year. Following TerraUSD, another stable coin - DEI - lost its peg to the US dollar. According to the Congressional Research Service (CRS), the stable coin market needs strict regulation. Because of the speculative nature of cryptocurrencies, investors need more protection, or they could lose confidence in the markets, SEC chief Gary Gensler said. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM The Portuguese authorities are considering introducing a tax on income earned from investments in digital assets. Dogecoin co-founder Billy Marcus called 95% of crypto-assets “trash” and suggested that 70% of investors don’t even understand the fundamentals of the crypto market.

Summary: What is the FTX Platform and how does it work? Advantages of the FTX exchange. FTX’s past, present and future price positions. The FTX platform and FTT token The FTX token (FTT) is the backbone of the FTX ecosystem. The current circulating supply of FTT is over 260 million, a current market cap of more than $8.4 Billion, the max supply is 332,173,812 tokens. FTT is the token of the crypto derivatives FTX, The FTX platform launched in May 2019. FTX is focused on trading many assets, such as derivatives, options, leveraged tokens and volatility products. FTT has leveraged tokens, which means traders can trade leveraged positions without the need to trade on margin. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM FTX’s creators The founders of FTX are some of the largest crypto traders who decided to create their own platform after finding many issues with most mainstream crypto exchanges. According to its creators, FTX stands out from other mainstream platforms due to its clawback prevention, centralised collateralised pool and universal stablecoin settlement features. FTX reduces the clawbacks on the platform by making use of a three-tiered liquidation model. Clawbacks refer to the amount of user funds that have been claimed by socialised losses. FTX derivatives are stable-coin settled and only require one universal margin wallet, this prevents fragmented capital across different wallets and exchanges which normally poses a problem for traders when it comes to liquidating positions. FTT has leveraged tokens, which means traders can trade leveraged positions without the need to trade on margin. FTT is an ERC-20- compatible exchange token. The Ledger Nano X/S hardware wallet allows users to securely store and manage FTT tokens via its Ethereum app. Both the leveraged tokens and FTT’s security audits are done by the Blockchain Consilium auditing firm. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM FTX is unique because it is backed by Almeda Research, which is well known as one of the leading companies in crypto trading and one of the largest liquidity providers. FTX covers services such as collateral, maintenance margins, liquidation processes and product listing. They are focused on fast development cycles which allows them to deploy crypto trading systems at competitive speeds. How to buy FTT: FTT is available on many crypto exchanges, such as binance, FTX and many more. The FTX exchange has not taken long to build up a reputation in the cryptocurrency market, it is known to be a fully-featured and robust trading platform. The FTX platform supports more than 275 cryptocurrencies The FTX platform supports more than 275 cryptocurrencies on its exchange, they are constantly expanding to add more cryptocurrencies to their exchanges, this makes it easy to access many trading options. Users are able to deposit to FTX in many different fiat currencies with no fees, trading is then made easy and only requires small fees, fees can be discounted if users are large volume holders as well as holding FTT tokens. The platform also offers spot trading for beginners, which include: stocks, leveraged positions, futures, and more. Advantages of the FTX platform and FTT token: Fast and easy to swap one coin or currency to another. Offers a mobile app for IOS and Android. Supports more than 275 cryptocurrencies. Low trading fees with discounts available. Stacking available: the ability to earn interest on cryptocurrencies. Hold and stake FTX’s tokens and receive benefits. NFT marketplace - buy and sell NFTs. 1% of all net fees donated to charities. FTX pay - an option to get paid in fiat currency or cryptocurrency. Advanced markets - forex, futures, volatility, leveraged tokens, stocks. Extremely secure exchange - suspicious activity is monitored. Past, present and future prices In the beginning, it took almost a year for the price on FTT to take off and gain traction but it soon saw high growth in 2021. Since then the price movements have shown volatility with no true trend. Currently the price of cryptocurrencies within the crypto market have been experiencing a lot of volatility, this is combining as a result of the volatility that is being experienced by the wider market. According to some analysts, going forward, FTTs price is expected to reach more than $90 in 2025. However, due to the volatility of the cryptocurrency markets and uncertainty around regulating the crypto markets, it is difficult to make accurate price predictions. FTT Price Chart FTT is not available in the United States or other jurisdictions that are prohibited. To allow users access to the FTX platform, the exchange created FTX US, which is distinct from the main platform and has fewer features and offerings. FTX has committed to buying FTT on its FTT/USD market, the purchased FTT will be burned weekly according to a schedule adopted by FTX. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network  Sources: finance.yahoo.com, coinmarketcap.com, ftx.us, marketplacefairness.org, cointelegraph.com, cryptonewz.com

KuCoin will be launching the 22nd Spotlight token sale with Pikaster (MLS) on May 18, 2022 (UTC). The MLS token sale will operate using the proportional distribution model. Spotlight Token Sale Details: (Subscribe Now) Token Name: Pikaster (MLS) Spotlight Hard Cap: 180,000 USD Spotlight Allocation: 1,500,000 MLS Spotlight Token Sale Price: 1 MLS = 0.12 USDT Token Supported: KuCoin Token (KCS) Only Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale Token Sale Format: Proportional Distribution Model (PDM) Spotlight Token Distribution: 25% will be distributed on the Token Generation Event (TGE), the remaining 75% will be distributed in 25% batches every 2 months from the first distribution (before July 23rd, Sep 23rd, and Nov 23rd) Total Token Supply: 200,000,000 MLS Initial Circulating Supply: 10,000,000 MLS Pikaster Website: https://www.pikaster.com How to Participate Participants must have an average KCS holding of at least 100 KCS, where their final allocation of the new token is determined by the portion of their average daily KCS holdings against the total average daily KCS holdings by all participating users. To ensure a fair allocation for all participants, there will be a set hard cap for the token allocation per user. However, to let more new KCS holders enjoy the 22nd Spotlight, KuCoin will launch a whitelist campaign to exempt the minimum KCS holdings requirement. Token Sale Subscription Start Time: 08:00:00 on May 18, 2022 (UTC) Token Sale Subscription End Time: 00:00:00 on May 23, 2022 (UTC) KCS holdings Hard Cap Per User < 100 KCS (whitelist required) 150 USD (1,250 MLS) >= 100 KCS *Hard Cap: The max number of tokens you will receive. The Shares of Qualified Users Will Receive: (User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (1,500,000 MLS) Exclusive Bonus for 22nd Spotlight! Bonus1: Each whitelist will be given one Pikaster NFT FREE to use for one month! Bonus 2 (IGO users only): Users who had successfully purchased Pikaster Genesis Mystery Egg in KuCoin 1st IGO will enjoy a bonus coefficient, where their final KCS holdings will be multiplied by 2. e.g. Alice has purchased one Pikaster Genesis Mystery Egg in the 1st KuCoin IGO. Assume that she holds 100 KCS during the snapshot period and has successfully participated in the 22nd Spotlight. Alice’s final KCS holdings will be counted as: 100 KCS * 2 = 200 KCS Daily KCS Holdings: From 16:00:00 on May 19, 2022 to 16:00:00 on May 21, 2022 (UTC), KuCoin will be randomly taking a snapshot of each user's KCS holdings on that day (3 snapshots in total). From the snapshot, each user’s daily KCS holdings will be determined. Only users who have a KCS holding equal to or greater than 0.1 KCS from the snapshot and click ‘Participate Now’ during the subscription period will be qualified for the 22nd Spotlight. *Sub-accounts can’t participate in the token sale as independent accounts. However, the KCS holdings in the Sub-accounts will be combined into the Master account for the calculation of the Average Daily KCS Balance. Daily KCS Holding Calculation Rules: Main Account * 100% Trading Account * 100% Finance Account (including locked and unlocked assets) * 100% Ongoing KuCoin Earn staking programs for KCS (locked assets): KCS-FOR-FCD-20D KCS-PLATO-30D Spotlight Token Sale Timeline: At 08:00:00 on May 18, 2022 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for MLS. At 00:00:00 on May 23, 2022 (UTC), KuCoin will end this round of token sale registrations, counting the shares of all successfully registered participants. From 08:00:00 to 09:00:00 on May 23, 2022 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of MLS. We highly encourage you to have at least 20 KCS in your Trading Account on May 23, 2022. If the deduction is successful, the MLS will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost. To participate in the token sale, your KuCoin account needs to meet the following criteria: Complete KYC2 (Advanced Verification) before 00:00:00 on May 23, 2022. If you fail to pass KYC2, then you will not be eligible for the token sale subscription. The following countries/areas are not supported for the purchase: Belarus, Mainland China, the Democratic Republic of Congo, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, and Crimea. Purchase Agreement Signed. After completing the steps above, please be sure to click the ‘Participate Now’ button on the Spotlight page. Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale. Learn More About Pikaster: Official Website: https://www.pikaster.com Twitter: https://twitter.com/PikasterNFT Telegram: https://t.me/Pikasterofficialchat Discord: https://discord.gg/bZ5EkEN9Z2 What is Pikaster (MLS) and How Does it Work? | KuCoin Crypto Gem Observer Watch the Pikaster video on KuCoin YouTube Channel: https://youtu.be/E7Loz_RhxcM Risk Warning: Spotlight is a high-risk investment channel. Investors should be sensible in their participation and be aware of investment risks. KuCoin is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. KuCoin reserves the right of final interpretation of the activity. Thanks for your support! The KuCoin Team This activity is not related to Apple Inc. Find The Next Crypto Gem On KuCoin! Download KuCoin App >>> Sign up on KuCoin now >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>

TL;DR A typical crypto card lets you earn crypto rewards or instantly convert your crypto to fiat currency to pay for goods and services. Both Mastercard and Visa issue crypto cards, meaning you can use your crypto in millions of locations globally. A prepaid crypto card is similar to a debit card in that it has to be pre-loaded with crypto to spend. You can get a crypto card from a licensed issuer such as a crypto exchange or bank. However, crypto cards aren't without risk. Your funds stored on the card can still lose their market value, and any transactions you make with your card are likely to be taxable. Crypto credit cards work more like standard credit cards with crypto rewards. You can pay your credit card bill with fiat cash but receive crypto bonuses on the money you spend.  Binance offers a Binance Visa Card for KYC and AML verified customers. You can complete the sign-up process in under a few minutes and enjoy zero administration or transaction fees, cashback, and other benefits.   Introduction While much of crypto's interest is in its investment potential, it still has a use case in transferring value. Satoshi Nakamoto didn't create Bitcoin to make people billionaires. It was, however, designed as a global, digital payments system. One way to achieve this goal is with crypto cards. This payment method is now helping people use crypto and digital assets in their daily lives and even receive crypto rewards as well.   Learn more on Binance.com   What is a crypto card? A typical crypto card acts in a similar way to your debit card. You can pay for items or services that accept the card provider. While it might sound like you are paying a vendor directly with digital currencies, this isn't actually what happens. The vendor receives fiat cash into their account and not crypto. Your crypto card takes the cryptocurrency in your linked account, converts this into the local currency you're paying in, and then uses this cash to pay. We'll explain this with an example later on. Both Visa and MasterCard offer crypto cards with partner companies who apply for a license. These are the two most commonly used payment providers globally, making crypto cards almost universally accepted by retailers. Some crypto cards only offer crypto rewards on the money spent with the card. These cards are usually credit cards that require a credit check to sign up for.   How does a crypto card work? As we mentioned, a crypto card doesn't actually pay the vendor with crypto. It conveniently converts your crypto into cash which you can spend with the vendor through the card.  For example, imagine you have $500 (US dollars) of BNB in your Binance Card's Funding Wallet. At a restaurant, you go to pay the $100 bill with your crypto card. Once you have inserted your card and agreed to the payment, Binance sells $100 of BNB and loads the fiat onto the card. The restaurant then gets paid $100, and you're left with $400 of BNB in your Funding Wallet. All of this happens within the few seconds it takes to use your crypto card. You can also use crypto cards for ATM withdrawals if your service provider supports them. The same method above is used to withdraw your physical cash.   What are the differences between a crypto card and a credit or debit card? There are a few minor differences between credit and debit cards and crypto cards. For the most part, they function in the same way when it comes to paying. The most significant difference between a crypto card and a credit/debit card is that you load your typical crypto card with cryptocurrencies. A debit card is pre-loaded with fiat currencies, and a credit card's transactions are paid off later with fiat. A prepaid crypto card works similarly to a traditional debit card. You must have the funds in your account before you can spend them. You cannot load your cards with fiat cash but only with crypto. When you make a payment, your funds are converted immediately in your crypto wallet. On the other hand, Crypto credit cards extend a line of credit that lets you purchase now and pay later. Gemini and BlockFi both have released crypto credit cards with crypto cashback. Your credit card bill is payable in normal fiat currency, meaning that the crypto credit card is basically a rewards credit card. To order a card, you will have to be a customer with a company that already provides a crypto card, such as a crypto exchange or crypto-supporting bank that supports crypto. The process will involve you completing Know Your Customer (KYC) and Anti-Money Laundering procedures before you can order your crypto card, just like with any regular credit or debit card. With a crypto credit card, you will also need to pass a credit check.   What are the benefits of using a crypto card? The key benefit of a prepaid crypto card is the ability to use your crypto for everyday purchases. This has traditionally been difficult to do unless a vendor directly accepts crypto. Even then, some coins like Bitcoin can take 30 minutes for a transaction to confirm. The price is also volatile, meaning you may actually pay more or less than expected. Many crypto cards also come with benefits like cashback rewards or discounts with certain subscriptions like Spotify or Netflix. These benefits lure you towards a specific card provider and are similar to those offered with standard debit/credit cards. Make sure to compare what each card offers to find the best benefits for you. Don’t also forget to look out for possible exchange fees you might have to pay in the conversion process.   Do crypto cards have any risks? Having a crypto card provides all the same risks as holding crypto. If you have loaded up your account with Bitcoin (BTC) or Ether (ETH), your account’s fiat value will constantly change. This means you may not have the exact amount of money in your account as you think, depending on exchange rates. You should also remember that in many tax jurisdictions, the spending of crypto is a taxable event. This doesn't matter if you're spending a few dollars on a coffee or thousands of dollars on a car. If you have made any gains or losses on your crypto before you use it to purchase something with your crypto card, you'll have to pay or write off the appropriate taxable amount. You can avoid this problem by purchasing stablecoins to use with your crypto card, as the price very rarely changes from its pegged value.   What is Binance Card? Binance Card is a Visa debit card connected to your Binance account. By loading up your Card's Funding Wallet, you can spend crypto anywhere that Visa is accepted. It acts in the same way as the prepaid crypto debit cards mentioned above.   Which countries is Binance Card available in? Binance card is available only to users from selected countries, including:  Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.   How to apply for a Binance Card Getting a card is simple if you've already got a Binance account and live in an eligible country. If you aren't yet registered with Binance, you can follow our Binance Beginner's Guide and be set up in minutes. You will need to complete all relevant KYC and AML processes before successfully applying for a Binance Card. To order your card, make sure you're logged in and go to the Binance Card page. You can also navigate to this page by hovering over [Finance] on the Binance homepage and clicking [Binance Visa Card].     Next, click [Get Started] followed by [Order Card]. You'll now see some KYC information and an agreement to confirm.     After confirming, you will land on the Order Card page. Here you can choose the format of your name to appear on the card. Once you have confirmed your choice, click [Continue].       You will now find your details pre-filled out with extra missing information for you to fill in. Finally, agree to the Privacy Policy, Terms of Use, and Cardholder Agreement before clicking [Order Your Binance Card]. Once you've ordered your card, you'll also have access to a virtual card to use before your physical one comes. You can add this card to Google Pay Send, or even use it for online purchases. If you prefer to use the Binance mobile app, you can also order your card there. For more details on how to order a Binance Card, head to our FAQ.   Benefits of using Binance Card Apart from allowing you to spend your crypto in stores, restaurants, and VISA acceptors worldwide, Binance Card also has some unique benefits and perks. 1. Zero Fees - A Binance Visa Card is free for any Binance user. There are no Binance administrative, processing, or annual fees, but you may occasionally be subject to third-party fees. 2. You can keep holding your crypto - There's no need to exchange your crypto into fiat in preparation for purchasing something. Binance converts it exactly when you need to, which means that your crypto can still earn possible market gains.  3. Up to 8% cashback - Depending on your BNB monthly average balance, you will get up to 8% cashback on all your purchases. This cashback is given to you in BNB in your Binance account. You can read more details on the cashback program here. 4. Safe funds - Your crypto funds are SAFU and protected by Binance. Binance has a high level of safety and uses robust security standards.     Closing thoughts If you have some crypto that you no longer want to HODL, a crypto card makes converting to fiat simple. Without using a crypto card, you'd need to go through the conversion process and transfer the fiat manually to your bank account. This can take days to do, depending on your bank and cryptocurrency exchange. A crypto card really is one of the fastest ways to use your crypto for purchasing things and is a welcome development. However, always make sure that you keep accounts of what you spend for tax reasons.

Summary: What is the Litecoin Platform and how does it work? Advantages of the Litecoin exchange. Litecoin’s past, present and future price positions. Read next: Altcoins: What Is FTX (FTT Token)? - A Deeper Look Into The FTX Platform  The Litecoin Platform Litecoin is a peer-to-peer cryptocurrency and an open-source software project that was released unde the MIT/X11 license. Litecoin started in October 2011 as one of the first altcoins. Litecoin expands on the original Bitcoin (BTC) technology. Peer-to peer cryptocurrencies refer to transactions between two parties of some asset (such as digital currency) that does not require involvement from a central authority. LTC, Litecoins native coin LTC is the native cryptocurrency of the Litecoin Platform, the coins market capitailisation is over $4.7 billion, the current total circulating supply is 70.31 million coins and has a maximum supply of 84 million coins. Litecoin was the one of the first altcoins to enter the market, and currently sits in 21st position in terms of market capitalisation. Litecoin improved on the Bitcoin technology in a multitude of ways, some of these include faster processing speeds and lower transaction costs. The primary goal for Litecoin when it was launched, was to create another version of Bitcoin that is scalable and is aimed at smaller transactions. Is Litecoin a good investment? Although Litecoin does improve on Bitcoin technology, it still presents risks to investors. When the coin was first released, its technology was unique in the market, however since then, the uniqueness of the coins structure has began aging. Currently there are many other altcoins that are offering the same benefits and efficiency as Litecoin. Thanks to the age of Litecoin, this cryptocurrency holds value better than its younger altcoin counterparts who have smaller market capitalisations. Litecoin is a decentralised platform that has no censorship and is available to all. Users can send low cost, private, secure borderless payments to anyone they choose at anypoint and to anywhere in the world. Litecoin is blockchain secured, meaning that it is the largest global scrypt based network operating at 100% since 2011, tracasting and securing billions of dollars of value. Decentralised platform, it is not necessary to get approval to join the new age of money, it is easy to download a free exchange wallet and to invest in the future of finance. Evolving and immutable platform, Litecoins has lightning which is a development pioneers technology that allows instant global settlement of funds and atomic swaps for cross blockchain trustless trading. Where to invest in Litecoin: Users need to open a crypto exchange account, which will offer users access to a trading platform where they can buy and sell cryptocurrencies through placing buy and sell orders. Some examples or crypto exchanges that have Litecoin available: Coinbase, eToro, Gemini and many more. Advantages of investing in Litecoin (LTC): Lower transaction costs. With the Bitcoin platform, users lose part of their Bitcoin value when they transact between exchange wallets through a verification fee, this happens with Litecoin aswell, except the verification fee is lower than Bitcoins when transfers are initiated. Faster transaction speeds: the improved Litecoin network doesnt only extend its processing fees, it also allows users to send coins faster than the Bitcoin blockchain does. For example, the average Bitcoin transaction takes around 10 minutes whereas the average Litecoin transaction takes around 2.5 minutes. Open-source platfrom: the Litecoin platform is build on a naturally open-sourced fork of the Bitcoin Core Client. This makes it easier for the platform developers to implement new features and adjust the system in order to keep up with the ever-changing market. The platforms flexibility also allows the developers to implement software development security parts regularly in order to keep up with hackers and their innovative methods. Recognisability: Litecoin has been on the market for some time and despite its modern technological irrelevance, the coin remains one of the more well-known altcoins. Past, present and future prices of LTC In the past, it took Litecoin more than two years for its price to show any upward movements, this is likely due to the fact that cryptocurrency trading was not as popular back when they were first launched as they are now. Investors were even more uncertain of the crypto market than they are now. The price of Litecoin started to see some growth around the start of 2017, since then the price has fluctuated a lot, reflecting the volatility in the crypto markets. Since the start of the year the change in price of LTC has been less than -53%. Currently the broader financial markets have been taking strain, causing the cryptocurrency markets to express more than usual volatility. In the future analysts predict that the price of Litecoin (LTC) is expected to grow according to price predictions. Litecoin (LTC) Price Chart Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!?  Sources: finance.yahoo.com, litecoin.com, benzinga.com, coindesk.com, cryptonewsz.com

On Wednesday, Bitcoin was down 3%, ending the day around $29,200, remaining near that mark on Thursday morning. Ethereum lost 4.3%. Other altcoins in the top 10 fell from 1.8% (BNB) to 9.8% (Cardano). The Cryptocurrency Fear and Greed Index was up 1 point to 13 by Thursday and remains in ‘extreme fear’ territory The total capitalisation of the crypto market, according to CoinMarketCap, fell 3.6% overnight to $1.24 trillion. The Bitcoin Dominance Index rose 0.4% to 44.7%. The Cryptocurrency Fear and Greed Index was up 1 point to 13 by Thursday and remains in ‘extreme fear’ territory. Bitcoin resumed its decline on Wednesday amid a sharp weakening of US stock indices, which fell even more than BTC. The Nasdaq and S&P 500 lost more than 4% on Wednesday. The impressive oversold strength accumulated by the crypto market after it collapsed 40% from late March levels (versus 16% for the S&P500) temporarily limits the declining scale. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Nevertheless, the overall negative market sentiment has prevented the bulls from turning out in full force. So far, it isn’t easy to see reliable signs of oversold or rebound formation. We should be prepared for the cryptocurrency market to test support at last week’s lows again in the near term. We consider the area near 20K the final target for a potential selloff, which corresponds to Bitcoin’s long-term support line. Billionaire Bill Ackman said one of the main reasons for Terra’s collapse was a pyramid scheme of business Among the news that caught our eye were: Former US Federal Reserve chief Ben Bernanke called Bitcoin a harmful currency. He lashed out at cryptocurrencies, calling them “a great tool for extortionists”. Binance lost $1.6 billion due to the collapse of Terra tokens on the exchange’s balance sheet. Billionaire Bill Ackman said one of the main reasons for Terra’s collapse was a pyramid scheme of business. Investors were promised a 20% yield backed by a token whose value was determined by demand from new investors. Microsoft has warned crypto investors of an increase in the activity of a new type of malware called Cryware South Korea’s Financial Services Commission, amid tensions in the Stablecoin market, is proposing to register cryptocurrencies based on their level of risk to investors. Microsoft has warned crypto investors of an increase in the activity of a new type of malware called Cryware, which allows the theft of assets from hot cryptocurrency wallets. Birgit Rodolph, executive director of the German BaFin, called for universal regulation of the DeFi industry across the EU. Follow FXMAG.COM on Google News

Hi traders, today we’re seeing a similar pattern across several coins. After yesterday’s failed lower break attempt, ranges have developed. We’re seeing this pattern on a few, BTC, BNB, ETH, SOL, ADA, and XRP. We’ve zeroed in on Bitcoin as on the 4-hour chart. The range is quite symmetrical. We saw 29K come in yesterday as a demand point, and for now, price continues to hold above. The range can be broken down into inside action and overall action. On the side, we are looking at two possible directions. One, we see price maintain the pattern and move back to the bottom of the range. Two buyers regain momentum as we see a test or break of the range roof. If number two occurs, that will line up with the overall action idea of a new breakout due to steady demand seen yesterday rejecting seller attempts to break lower. We can also see a trend break on the four-hour chart and a fast trend break on the daily. If sellers can not only move back to the range base but break through it, we would look at the 27,600 area to possible offer buyer resistance If buyers clear the range, we could see resistance develop from 32,200. On the other side, if sellers can not only move back to the range base but break through it, we would look at the 27,600 area to possible offer buyer resistance. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM It will be interesting to see which side wins this battle. Hoping all of our readers have a wonderful weekend. Bitcoin 4H Chart The post Crypto News: Bitcoin is range-bound. Will we see a break today? appeared first on Eightcap.

Summary: What is the PancakeSwap Platform and how does it work? Advantages of the PancakeSwap exchange. PancakeSwaps past, present and future price positions. The PancakeSwap Platform PancakeSwap is an automated market maker (AMM), a decentralised finance (DeFi) application which allows users to exchange tokens and provides liquidity via farming and earning rewards. PancakeSwap was launched in September of 2020. PancakeSwap users trade against a liquidity pool, which are filled by users with deposits and in return receive liquidity provider (LP) tokens. The liquidity provider tokens can later be used to reclaim their deposits plus a portion of the trading fees. PancakeSwap also allows users to farm CAKE and SYRUP tokens, users can deposit liquidity provider tokens and receive CAKE as a reward. Current circulating supply is more than 296 million, with a maximum supply of 750 million tokens. The current market capitalisation is more than $1.3 billion. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM PancakeSwap allows users to trade BEP20 tokens (token on the Binance smartchain), and provides liquidity to the exchange and earn fees, stake liquidity provider tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects. CAKE is a BEP20 token, which originally launched on the Binance smartchain, the CAKE tokens main purpose is to try and incentivise the liquidity provision to the PancakeSwap platform. What makes PancakeSwap unique? Due to the automated market maker model, PancakeSwap does not have any order books and so liquidity pools are used instead. Users can earn income through becoming a liquidity provider, this is done through adding their tokens into the liquidity pool and from there they can farm liquidity provider tokens and stake their CAKE, whereby they can earn rewards. PancakeSwap uses a process called farming, which refers to the process of depositing liquidity provider tokens and locking them up. Farming gives users a reward earning opportunity. The tokens can be unstaked without any waiting period. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM PancakeSwap is one of the most popular decentralised platforms that is available to users for trading, winning crypto and earning. The platform is trusted with billions by millions. PancakeSwap has the most users of any decentralised platform, ever. The platform has 2.9 million users over 40 million trades in the last 30 days and a stake of $4.8 billion. PancakeSwap is the leading decentralised exchange available on the Binance (BNB) smart chain and has the highest trading volumes in the market. The fact that PancakeSwap runs on the Binance smartchain means that automatically the transaction fees are lower. The fees are also lower than any of the other top decentralised exchanges. The decentralised aspect of the PancakeSwap platform allows users to trade directly from the wallet app, unlike centralised exchanges, PancakeSwap does not hold their users funds, the users’ cryptocurrency is 100% their own. Earn tokens with Syrup pools, when users stake CAKE, they can earn free tokens. The CAKE Syrup pools are known as the easiest way to earn free tokens on PancakeSwap. The syrup pools in crypto are special staking processes. Advantages of holding PancakeSwap: It solves the problem of growing centralisation in the market, by exiting the confines of the Ethereum ecosystem and the regulation and uncertainty that comes with the Ethereum blockchain. Selection: PancakeSwap allows users access to new tokens, in addition the platform allows users to transfer all kinds of other tokens (USDT, BTC, BUSD and ETH) from the ETH chain to the BSC chain by using the deposit features. Users of PancakeSwap gain access to all the top projects in the market. Interconnectivity: the platform was built with the intention to link multiple wallets such as Trust Wallet, TokenPocket, WalletConnect and more. The point of linking wallets was to try to ensure users are able to trade between the PancakeSwap platform and the Ethereum platform. PancakeSwap linked the blockchains as they knew a large portion of their user base would likely come from the Ethereum platform. Ease of Use, users do not need prior experience to use the PancakeSwap platform. PancakeSwap Transactions are cheaper, the average transaction on the platform sits at around $0.08. PancakeSwap is faster, in many cases the transaction time is 5 seconds or less. Profits, PancakeSwap is consistently introducing innovative ways to create new income streams. Private, the platform doesn’t require an intense signup process, all users need to do is sign up and add their wallets. PancakeSwap is proven to be very secure. Follow FXMAG.COM on Google News Past, present and future prices PancakeSwaps (CAKE) price didn't take very long to begin to see gains. The cryptocurrency hit its peak price in May of 2021, and has since seen an overall downward trend mixed with volatility. In the past 24 hours PancakeSwaps value has increased in value, so far the month of May in 2022 has seen volatility in all markets across the board including the cryptomarket. According to certain analysts going in the future to 2030, the price of PancakeSwap could reach $188. However, markets are volatile and so it is difficult to make an accurate prediction. PancakeSwaps Price Chart Sources: coinmarketcap.com, finance.yahoo.com, docs.pancakeswap.finance, pancakeswap.finance, securities.io, crowdwisdom.live

US stocks edged lower as Wall Street became more focused over a deteriorating growth outlook that could see stubbornly high pricing pressures for the Fed into a much more aggressive tightening cycle. It doesn’t seem like we will see a deceleration in pricing pressures and that has many traders worried that the Fed will send the economy into a recession.  Right now markets are functioning properly but if we see another 5% decline with stocks, credit conditions will worsen and that could provide the Fed an excuse to stop tightening so aggressively.  Tighter financial conditions will hurt the parts of the economy that are doing well and further selling of stocks could remain the theme if the S&P 500 enters a bear market.  The S&P 500 is looking vulnerable here as more strategists slash their forecasts as recession risks rise.  Fed (Federal Reserve) Fed’s George affirmed the board’s stance that a half-point rate increase pace is appropriate.  The Fed remains focused with fighting inflation and they will remain aggressive with tightening policy until liquidity becomes a concern.  FX (Forex) The dollar is in freefall as investors buy up Treasuries over concerns that the economy is headed for a rough patch. The dollar was ripe for a pullback and today’s across the board weakness might continue a while longer. Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform| FXMAG.COM US Data A wrath of US economic data painted a gloomy picture of the economy: Jobless claims rose, the housing market is clearly cooling, another Fed regional survey showed the weakest print since early in the pandemic and the leading index turned negative.  Weekly jobless claims rose from 197,000 to 218,000. The Philly Fed manufacturing outlook fell sharply from 17.6 to 2.6.  Surging mortgage rates and record home prices led to a drop in April existing home sales  Crude Oil Price Crude prices rallied as the EU nears a key deadline to pay for Russian oil with a roubles account.  The oil market just has too many risks to supplies and still a strong short-term travel outlook both in the EU and US.  WTI crude should be well supported at the $100 level as US production is slowly increasing. Recession fears are rising but that impact won’t be felt for quite a while, which means the oil market won’t see imminent crude demand destruction. Crude inventories are too low for oil traders to turn bearish with WTI crude. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Gold Price Gold is acting like a safe-haven again as recession fears are triggering massive demand for Treasuries, which is sending both yields and the dollar lower. The US labor market is showing signs of weakness and that could lead fears that consumer spending will deteriorate much faster than most are expecting. The dollar is getting sold against everything and that is great news for gold. Right now, investors are looking for safety and Treasuries and gold should both outperform in the short-term.   Bitcoin (BTC) Bitcoin is hovering around the $30,000 level as investors continue to shy away from stocks.  A weaker dollar and bear market stock fears are making Bitcoin attractive again.  It seems the fallout from all the stablecoin drama that sent cryptos sharply lower is finally fading.  Bitcoin looks poised to consolidate here, but bulls should be happy to see prices are not mimicking what happens with the stock market.   Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds. Follow FXMAG.COM on Google News

Terra's LUNA price and UST suffered a colossal crash and lost over $39.2 billion in market cap, fueling outrage among holders. A Terra holder filed a police complaint against Do Kwon, revealing thousands of Singapore investors are victims of the death spiral. The Korean National Tax Service has imposed $78.4 million in corporate and income tax on Do Kwon and Terraform Labs. The collapse of Terra's LUNA price and algorithmic stablecoin TerraUSD (UST) has sparked outrage in the crypto community. Institutions and retail investors suffered significant losses when $40 billion in LUNA and UST’s market value was destroyed within a week. Do Kwon, CEO of Terraform Labs, is in the midst of all the anger, and legal issues are starting to surround him. Terra’s LUNA price death spiral The crypto community witnessed the first “crypto bank run” in history when both Terra's LUNA price and UST crashed, wiping out nearly $39.2 billion in market value within a week. UST, Terra’s algorithmic stablecoin, suffered a de-peg, losing its $1 parity, and is trading at $0.08 at the time of writing. Likewise, Terra’s native token LUNA plummeted from $77 to $0.000001 within a week. LUNA and UST three-day chart In a series of tweets, the Luna Foundation Guard revealed that it had transferred 52,189 BTC to “trade with a counterparty” as UST fell below its intended $1 peg. This was an attempt to reestablish the algorithmic stablecoin’s peg. Terra directly sold 33,206 BTC in a last-ditch attempt to defend UST’s peg, to no avail. Terra’s blockchain was halted several times on and thereafter, and LUNA and UST were delisted from multiple cryptocurrency exchanges, including Binance and Coinbase. LUNA and UST holders outrage Cryptocurrency investor forums on Reddit have noted the rising outrage against Do Kwon. A LUNA holder filed a formal complaint with the Singapore Police and referred to Terra's crash as a “cryptocurrency scam,” seeking justice for all affected investors. Meanwhile, another furious investor broke into Kwon’s appartment in South Korea looking for answers after the token spectacularly collapsed. Kwon’s wife has since reportedly been either placed in protective custody or is under police guard at her own request. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Investors from different backgrounds have urged authorities to arrest Kwon, forcing South Korean lawmakers to summon the co-founder of Terraform Labs. Kwon would have to appear before the South Korean Congress and testify on the subject of the algorithmic stablecoin UST’s and LUNA’s collapse. Rep. Yoon Chang-Hyeon, of the South Korean People’s Power Party, addressed the collapse of Terra’s death spiral at a plenary meeting of the National Assembly's Political Affairs Committee on Tuesday. He said: We should bring related exchange officials, including CEO Kwon Do-hyung of Luna, which has become a recent problem, to the National Assembly to hold a hearing on the cause of the situation and measures to protect investors. Do Kwon under investigation According to the Korean National Tax Service, Kwon is currently under investigation for tax evasion after LUNA and UST collapsed due to a corporate and income tax burden of $78.4 million. Korean media's DigitalToday has obtained documents from the South Korean Supreme Court Registry Office that reveal Kwon decided to dissolve Terra's Seoul and Busan branches during its general shareholders' meeting on April 30. Following Do Kwon's decision, the Busan branch was liquidated on May 4 and Seoul branch on May 5. The documents carry Kwon Do-Hyeong's (official name of Do Kwon) name as the liquidator of Terraform Labs' offices. With the new findings, it has become clear that there is more to Terra's collapse than a coordinated attack or UST's de-peg. Kwon remains under suspicion in the investigation conducted by Korean authorities. Moreover, a specialized financial crimes unit in South Korea, the ‘Yeouido Grim Reaper’, has been tasked with the investigation of Terra’s collapse. The unit consists of 48 people made up of seven prosecutors and other executives from the Financial Services Commission and Financial Supervisory Service that have been called to investigate the methods by which Terraform Labs attracted investors to its tokens. The committee was disbanded two years ago but has been put back together to look into the events surrounding Terra’s demise and the extent of investor damage caused. Some win and others lose US asset management company Pantera Capital turned a $1.7 million investment in LUNA into $170 million by cashing out its investment well ahead of the crash. The institution, creator of the first blockchain hedge and venture funds in the US, did not suffer significant losses from Terra’s collapse as it pulled 80% of its investments out of LUNA over the last year. Apart from their LUNA investment, Pantera Capital had backed Terraform Labs, injecting $25 million in January 2021 and joining a $150 million fund round in July 2021. The firm recovered its investment before LUNA’s freefall to zero. Pantera Capital’s exit from LUNA is considered suspicious. Joey Krug, co-CIO at Pantera Capital, clarified that the institution purchased LUNA in the public market in July 2020, and not in a private financing round. Krug said, We managed that position down over time as it became increasingly profitable/large, in order to maintain a diversified portfolio. We initially invested in LUNA because of the progress we saw in developer adoption, the payments usage, and the broader ecosystem being built on Terra. Galaxy Digital, a US broker-dealer and another Terraform Labs investor, didn’t have the same luck. The firm started investing in LUNA in Q4 of 2020 and reported losses of $300 million for this quarter. In a letter, CEO Mike Novogratz told investors that: With our diversified business lines, Galaxy remains in a strong capital and liquidity position. We are well-positioned for long-term growth. Likewise, Binance had invested $3 million into the Terra ecosystem in 2018, receiving 15 million LUNA tokens. At LUNA’s all-time high, the investment was worth $1.6 billion. Yet due to last week's collapse of Luna, those 15 million LUNA tokens plummeted in value to just $3,400. Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform| FXMAG.COM A hard fork to create LUNA Classic and LUNA Core Do Kwon proposed the burning of UST, by increasing LUNA’s minting capacity from $293 million to over $1.2 billion. According to the Terraform Labs CEO, this is the only way to absorb UST’s supply and reestablish its peg. The plan was considered “high cost” for LUNA, UST holders and the Terraform Labs CEO faced criticism for the proposal. Kwon then focused on LUNA’s recovery without the algorithmic stablecoin UST. Since Terra’s ecosystem is not strong enough to build up and drive recovery in both Terraform Lab tokens, Kwon considered a practical and sustainable structure to preserve the developer ecosystem and the community. Kwon’s new and updated proposal suggests a fork in LUNA and the creation of a new Terra chain. The old Terra chain would be called Terra Classic (LUNC), while the new chain would be Terra (LUNA). The new chain would be fully community-owned, and the Terra Foundation wallet would be removed from the whitelist for the airdrop. Validators would reprogram the network ownership to $1 billion, distributing them to affected parties. 40% of the network’s ownership, $400 million would be allocated to LUNA holders (who held the token before UST de-peg). The hard fork offers to allay UST holders’ concerns by offering 25% at the Launch snapshot on May 27, 2022. 10% would be unlocked at genesis and the remainder would be unlocked over a period of two years. 25% would be reserved for the community pool. The co-founder of Terraform Labs believes Terra can recover from the coordinated attack by becoming a fully community-owned chain. Proposal 1623, the revival plan for LUNA without UST, has received 77.96% positive votes from the community. 1.39% of the community members abstained from voting. The whole crypto market bleeds After Terra’s LUNA and UST implosion, most crypto assets suffered heavy losses. Check out in this video what's next for Bitcoin! Follow FXMAG.COM on Google News

Bitcoin fluctuates around $30K and has crossed that line daily in one way or another over the past 12 days. A 3.5% increase in the day’s results on Thursday turned into another pullback on Friday morning. Ethereum has strengthened by 3.5% in the past 24 hours, finding itself pegged at $2000. By Friday, the cryptocurrency fear and greed index is unchanged at 13 points (“extreme fear”) Other altcoins in the top 10 gained between 0.4% (Solana) and 5.5% (XRP). Total cryptocurrency market capitalisation, according to CoinGecko, rose 3.1% overnight to $1.28 trillion. The Bitcoin Dominance Index rose 0.1% to 44.8%. By Friday, the cryptocurrency fear and greed index is unchanged at 13 points (“extreme fear”). Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM MicroStrategy CEO Michael Saylor said his company would buy bitcoin at any price until it reached a million dollars Bitcoin and the entire cryptocurrency market’s protracted tug-of-war promises to resolve with a strong move in one direction. However, there is hope for both bulls and bears. The latter has a minor advantage, as we saw this area touch down from above in January and June-July 2021. But now, all the fighting is concentrated below. Among the crypto news that caught our eye: MicroStrategy CEO Michael Saylor said his company would buy bitcoin at any price until it reached a million dollars. Bitcoin’s drop below $30,000 last week came after a large volume of the cryptocurrency entered exchanges. According to IntoTheBlock, traders have sent around 40,000 BTC to exchanges since May 11. According to an audit report by accounting firm MHA Cayman, USDT stable coin issuer Tether Holdings Limited reduced its reserves in the commercial papers by 17%, improving the quality of its funds. Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform| FXMAG.COM The Ethereum development team said it would migrate the Ropsten test network to the Proof-of-Stake (PoS) consensus algorithm on June 8 2022. According to the legislation, SEC chief Gary Gensler has warned that the regulator is ready to take new measures against unregistered cryptocurrency companies. The US Commodity Futures Trading Commission (CFTC) believes that amid a rise in cryptocurrency crime, the watchdog must strengthen regulation of digital assets to crack down on fraud and manipulation. Follow FXMAG.COM on Google News

Blake and Chris are back in another 'from home' episode! Markets are looking increasingly bleak and our hosts are looking for nuggets for our community of traders. We talk current markets and look at a wide range of asset classes, both fundamental and technical analyses and what you need to know about trading this week.   00:00 - Disclaimer and intro 01:42 - Welcome chat: Numb to volatility? 03:19 - Topical Thunder: Market sentiment 07:03 - Crypto 10:47 - Cuts 14:13 - Safe havens: Gold, Bonds & USD 18:04 - That's a Setup: US500 20:40 - 10Yr US Treasury 22:14 - EURUSD 25:28 - ZAR 28:06 - Westy's Play of the Day: Long/Short idea 29:19 - Blake's Play of the Day: Short BTCUSD 30:26 - Wrap-up   Prefer to listen rather than watch? The Trade Off is also a podcast! Listen either Apple Podcasts or Spotify. Apple Podcast: https://podcasts.apple.com/au/podcast... Spotify: https://open.spotify.com/show/7gzvAJx... Looking for some in-depth how-tos for scalping the FX market? Check out the next week's free FX Evolution webinar on scalping FX majors right here on our channel: https://youtu.be/Xk7wh8fYIWw Follow us on Telegram for daily market news and insights: https://t.me/s/PepperstoneFX Subscribe to Chris Weston's Daily Fix newsletter: https://cloud.go.pepperstone.com/join... The Trade Off is powered by Pepperstone. Pepperstone is an online FX/CFD broker providing traders across the globe with cutting-edge technology to trade the world’s markets. We’re driven to provide traders with low-cost pricing across all instruments including FX and CFDs (crypto, commodities, indices). Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information provided here, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted. #fx #trading #CFDs  

Bitcoin is down 3.6% over the past week, ending near $29,900. Ethereum lost 5.8%, while other leading altcoins in the top 10 fell from 5.4% (XRP) to 9.2% (Cardano). The exception was Binance Coin (+3.3%). By Monday, the cryptocurrency fear and greed index is down 4 points to 10 According to CoinMarketCap, the total capitalisation of the crypto market has changed little over the past seven days at 1.29 trillion, as the decline at the beginning of the last week was largely reversed by its end. By Monday, the cryptocurrency fear and greed index is down 4 points to 10. Bitcoin has declined for seven consecutive weeks amid a sell-off in stock markets. Bitcoin is in its 13th day of trading through the $30K level. Galaxy Digital CEO Mike Novogratz said that the altcoin market will collapse by another 70% Over the weekend, we saw almost traditional buying by retail investors, but their strength only allowed them to bounce back from Friday's losses. If we look at Bitcoin as a leading indicator of risk demand rather than tailing off moves in the S&P500 or Nasdaq, we may well be in a situation where the tail rules the dog. Galaxy Digital CEO Mike Novogratz said that the altcoin market will collapse by another 70% with US Fed policy and a bearish trend. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Microsoft co-founder Bill Gates said he only invests in assets that "deliver returns". In his view, cryptocurrencies do not fall into that category. Billy Marcus, one of the creators of Dogecoin, said the cryptocurrency market is a mix of unhealthy optimism, FOMO, panic, scams, gambling, and widespread stupidity. He said he has not been involved in the DOGE project for more than 7.5 years but describes himself as a coin supporter. Follow FXMAG.COM on Google News ECB head Christine Lagarde said that, unlike central bank digital currencies, cryptocurrencies have no value and are not based on anything. A group of G7 finance ministers pointed to the importance of accelerated legislation to regulate digital assets following the collapse of the UST stable coin and LUNA cryptocurrency.

BoredApeYC #6462 sells for 200 USDC as seller misreads offer. OpenSea announces plans to combat fake accounts and counterfeit NFTs. Crypto.com NFT announces the ‘UFC collection book’. MAY 18, 2022     Key Takeaways BAYC #6462 was sold for 200 USDC because the seller misread the offer. On Sunday, Boredapebot, a Twitter handle that posts sales of Apes from the Bored Ape Yacht Club (BAYC) collection, revealed that someone sold Ape #6462 for a measly 200 USDC (US$200). OpenSea announced last Wednesday that it is rolling out new copy detection and verification features to detect fake accounts and counterfeit non-fungible tokens (NFTs). As the ‘Official Fight Kit Partner’ of Ultimate Fighting Championship (UFC), Crypto.com announced on Monday that the UFC Collection Book is now live on Crypto.com NFT. Fight fans will be able to take their NFT collections to the next level with this exciting launch. LooksRare recorded -75% and -17% decreases in sales and transactions, respectively. OpenSea‘s sales and transactions were also negative, at -52% and -14%, respectively. Crypto.com NFT in the Spotlight Lil Bitcoin GENESIS: Access Pass is the prequel and early access to the “Genesis” of Lil Bitcoin: Satoshi’s Desk NFT drop which comes out next June 2022, created to protect decentralisation from the ‘Fi-Opps’ (worshippers of fiat currency and centralisation). Crypto.com is now introducing its latest in-game development – Player vs Environment! Kryptomon PvE Celebration – Kryptomon, an NFT play-and-earn blockchain game, is celebrating another advancement towards the formation of its Metaverse.  Highlights BAYC Band ‘Kingship’ launch virtual world with Key Card NFTs 24-hour transaction volume of Cryptopunks exceeds $3.8M, an increase of over 350% NBA legend Dwyane Wade likes to take risks in business, and now he’s getting into NFTs Overly integrates OpenSea for simplified AR NFT experiences CleverFiles is launching NFTs for software licences of disk drill AC Milan and BitMEX reach a partnership to release a ‘Born to Lead’ NFT series Chainsmokers will release music NFT on the royal platform The Tezos Foundation commits £1M to create a permanent collection of NFTs A16z leads $25M seed round for NFT infrastructure startup Co:Create Spotify experiments with musician NFT galleries NFT liquidity platform SOLARR completes $2M seed round financing Pepsi and Billboard to drop first-ever live NFTs KFC launches Original Moments NFT series in Malaysia Feminist artist launches ‘no more’ NFT series condemning domestic violence Mr. Bean announces partnership with FOMO lab to launch Mr. Bean NFT Crypto market downturn leads to steep drop in blue-chip Ethereum NFTs Transaction Volume Benchmark     Top Collectibles     The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows the top upcoming NFT sales and a sample of their art.   Project Name Sale Date Price Items Market Cap  Sample Bibbop Collection 25 May 2022 0.70 (ETH) 5,555 3,888 (ETH) Xkart Racing 25 May 2022 2.00 (AVAX) 5,000 10,000 (AVAX) Sol Coin Collections 11 Jun 2022 1.00 (SOL) 7,000 7,000 (SOL) Blankos Block Party 18 May 2022 0.25 (ETH) 1,800 450 (ETH) 3D Venetian Mask 21 May 2022 60.00 (CRO) 20 1,200 (CRO)       * Collectibles data from Rarity Tools, Crypto.com  Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art.   Platform Artist Sales Volume (USD) Sample Crypto.com NFT Loaded Lions $727,400 Solanart Degenerate Ape Academy $34,356 OpenSea PXN: Ghost Division $37,004,652         Tags CRYPTO CRYPTO RESEARCH CRYPTO.COM RESEARCH CRYPTOCURRENCIES MARKET NFT Source: crypto.com

Terra blockchain restarts after LUNA price crash. New BTC mining project launches in Mobile, Alabama. Ex-Meta crypto chief unveils Lightspark, a new project for enhancing Bitcoin, Lightning Network. Key Takeaways The Terra (LUNA) blockchain was restarted on Thursday due to security concerns arising from LUNA’s price crash to under US$0.01. Do Kwon has proposed a plan that may involve forking the blockchain in an attempt to revive the ecosystem. The city of Mobile, Alabama has embraced crypto with a project for sustainable Bitcoin (BTC) mining using 100 Bitmain Antminer S19s. Meta’s former crypto chief David Marcus introduced Lightspark, a new project that aims to expand the capabilities of Bitcoin and the Lightning Network. Infinity Wallet now supports the Cronos chain, including CRC20 tokens and DApps. Cronos (CRO) saw a +4.25% increase in total transactions to 40.96M, while the total number of wallet addresses increased to 802,670, up +5.43% from last week. Highlights Bitcoin miner Bitfarms scales back growth plans for 2022 after drop in revenue, net profit Bitcoin miner Iris Energy reiterates hashrate view; revenue misses estimates Cardano releases new Daedalus wallet updates Celer cBridge partners with Crabada’s Swimmer Network to enable cross-chain asset transfers Celsius announces plans for an IPO of its Bitcoin mining subsidiary Fantom upgrade: Introducing Snapsync Major validator calls for ‘Completely new chain’ to replace Terra Polygon burned additional than 1.6 million MATICs in just 4 months of implementing EIP-1559 Polygon and others extend helping hand to Terra blockchain projects StarkGate Alpha: Introducing the First Version of StarkNet Bridge The latest Zcash software release supports the network’s ‘Largest upgrade in history’ Layer 1 Project Metrics     * % change is based on the difference between two subsequent bi-weekly periods† Sum of P, X and C-chain total transactions ‘–’ denotes missing, unavailable, or incomplete dataSources: Coingecko, Etherscan, Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan, CronoScan, Cronos Explorer, DeFi Llama Layer 2 Project Metrics     * Figure refers to Lightning nodes with active channels† Ronin is the sidechain developed by Sky Mavis for Axie Infinity ‘–’ denotes missing, unavailable, or incomplete dataSources:  DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES LAYER 1 LAYER 2 Source: crypto.com

USDT briefly loses peg after the collapse of LUNA and UST. Do Kwon publishes a ‘Terra Ecosystem Revival Plan’ outlining the way forward. Key Takeaways  Tether (USDT) briefly lost its dollar peg this week, dipping as low as US$0.95 on Thursday as the collapse of LUNA and UST shook the market’s confidence. However, the $1 peg was restored by Friday. At the time of writing, USDT is trading slightly under $1, at $0.9989. Celsius reportedly removed at least $500M from Anchor during the recent UST turmoil. Founder Alex Machinsky took to Twitter to deny recent rumours of losses as a result of market volatility. UST’s depegging continued this week, with LUNA falling to below $0.01. Do Kwon published a Terra Ecosystem Revival Plan over the weekend which aims to lay out the way forward for the ecosystem. This week’s price index was negative at -33.72%, while the volume and volatility indices were positive at +67.25% and +230.03% respectively. Highlights Terra, Luna, and UST: How we got here Lido Warns Leveraged Traders at Risk of Liquidation as ‘Staked Ethereum’ Loses Peg Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg Terra fork won’t work, according to Binance CEO UST’s Do Kwon was behind earlier failed stablecoin, ex-Terra colleagues say Tether to move over 1B USDT from Tron to Ethereum and Avalanche Crypto lender’s Tether loan halved Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision Aurora launches $90 million developer fund to boost DeFi on NEAR Protocol Over $1.2 billion in bitcoin reserves remains unaccounted for by Luna Foundation Guard Blizz Finance protocol drained after Chainlink pauses LUNA oracle Trader may have lost $9M in exit from USDT Abracadabra enables leveraged yield farming on Stargate Check the latest prices on Crypto.com/Price Top Token Metrics     *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens     Notable Events Anchor contributors consider cutting UST yield to 4% from 19.5% Lido Increases Liquidity Incentives as stETH Trades at Discount to ETH DEX Metrics     * % change is based on the difference between two consecutive weekly periods** Omitted due to incomplete source dataSource: CoinGecko, DeFi Llama, Nomics Notable Events PancakeSwap governance proposal set to cap CAKE supply at 750M Tags CRYPTO CRYPTO RESEARCH CRYPTO.COM RESEARCH CRYPTOCURRENCIES DEFI MARKET Source: crypto.com

Summary: What is the Ripple Platform and how does it work? Advantages of the Ripple exchange. Ripple’s past, present and future price positions. The Ripple Network Ripple was founded in 2012 and was based on the founder of the ripple ledger, Ryan Fugger. The ledger is a cryptographic ledger powered by a peer-to-peer network of nodes. The purpose of Ripple is to service the needs of the financial services industry. The XRP token consistently ranks in the top 10 cryptocurrencies in terms of market capitalization. Peer-to-peer networks refers to the direct exchange of an asset between individuals, the transaction does not involve a central authority. XRP is the native cryptocurrency of Ripple Labs Inc, a cryptocurrency payment system. XRP is Ripples digital asset used for global payments, the cryptocurrency allows the transferring of payments at very low cost which aims to attract the attention of banks and retailers. Ripples superpower is the combination of extremely low costs and completing the transaction in under 5 seconds. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM What makes Ripple Unique? Ripple is a cryptocurrency platform that has been sharpened for over a decade. Ripple is known to be a cryptocurrency built for business use. Ripples enterprise-grade solutions are quicker, more cost-effective and more transparent than the more traditional form of financial assets. The Ripple users use these solutions to facilitate instant payments, find and buy crypto, engage audiences, grow their treasury, drive new revenue and lower capital requirements. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Ripple offers innovation for businesses, governments, financial institutions and more. The Ripple platforms allow for cross border payments to enhance payments with real-time settlement, liquidity management and better access to working capital. Ripple also creates crypto liquidity through the use of an all-in-one platform to hold, trade and buy digital assets, delivering the crypto services users’ customers want. CBDCs implement a scalable, secure, and sustainable central bank digital currency that meets the high security standards of a normal central bank. How does XRP work? Unique mining process: Ripple doesn’t mine, the XRP ledger was pre-mined. 100 billion XRP tokens were created and are released publicly periodically. This has raised concerns that if too many coins are released at once, diluting the value of XRP, this is because part of what gives XRP its value is its scarcity. Ripple owns a portion of XRP, this acts as an incentive to help the crypto grow and be successful over time. The maximum supply of XRP is 100 billion, the current circulating supply 48.34 billion tokens. The current market cap of XRP is around $20.742 billion. XRPs Ripple network somewhat centralizes the network and uses a consensus protocol. Anyone can download and use its validation software, it maintains a unique node list, users can select this list and use it to find participants who they believe are least likely to defraud them. Advantages of Holding XRP: Fast settlement: the confirmation of transactions is very fast, the average time is around 4-5 seconds per transaction. Very low fees: the cost to complete a transaction through the ripple platform is the equivalent of 0.00001 XRP. Versatile exchange network: Ripple platform users are not limited to transactions of only ripple, they can also process fiat currencies and other cryptocurrencies Used by large financial institutions: large enterprises have the opportunity to use Ripple as a transactions platform. Santander and Bank of America are 2 large financial institutions currently using the ripple platform, this is an indication that Ripple network has larger institutional adoption in the market than most cryptocurrencies. Past, present and future prices of Ripple In 2018, the price of Ripple XRP skyrocketed. After the sharp increase in price the value of the token fell drastically. Since then the price of the token has not seen any drastic movements. The price did start to increase again in early 2021 but has since seen some volatility and has not managed to find a particular trend. In the present economic conditions, the global markets, including the crypto market ,have seen a lot of volatility. It has become increasingly clear to market participants that inflation and wider market conditions affect the crypto market too. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM In the future some analysts predict that the price of XRP could reach more than $10 by 2030. However, the crypto markets are volatile and so it is difficult to make accurate predictions. XRP Crypto Price Chart How to buy XRP Users need to find an alternative cryptocurrency exchange to the popular ones, such as Coinbase, Gemini or eToro. Uphold could be an option or purchase outside the U.S or take chances on a decentralised exchange. Follow FXMAG.COM on Google News Sources: coinmarketcap.com, ripple.com, time.com, challengelly.com, forbes.com

With the rebranding, Gate.io will also launch its newly redesigned mobile app and mini app with new features, as well as contests offering a total of US$9,000,000 in prizes May 18, 2022 – Gate.io, one of the world’s earliest cryptocurrency exchanges and a leader among digital asset platforms, announced today that the company will unveil a new brand identity, which will be reflected across its platforms during Gate.io’s upcoming 9th birthday celebrations, commencing on May 27th, 2022. In tandem with the complete design overhaul of Gate.io’s logo and branding, the company will launch the Gate.io Lite App and mini app for mobile phones. To celebrate its 9th birthday and rebranding, Gate.io will also roll out multiple contests for its users, with a total of US$9,000,000 in prizes to be awarded. Dr. Han, CEO and founder of Gate.io, shared: “The rapid growth of cryptocurrencies has accelerated the development of mainstream crypto exchanges in terms of products, services, brand values, and more. With our brand DNA of innovation and breakthroughs in mind, Gate.io was in need of a refresh and an invigorating change. We look forward to working with customers from all over the globe and building a sparkling new Gate.io brand identity.” A Brand New Look for Gate.io Gate.io will reveal a revamped brand identity for its logo, slogan, and color scheme, reflecting the culmination of nine years of digital asset innovation since the company was founded in 2013 and signaling that Gate.io has matured to offer a more inclusive, integrated, and unique experience with a wealth of digital asset services for its over 10 million users. The rebranding also marks the beginning of a new chapter for Gate.io in the rapidly evolving and growing crypto economy, which frequently sees the platform reach the second largest daily trading volume in the world. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Easier Than Ever to Trade on Gate.io’s Apps Alongside its new brand identity, Gate.io will launch a notable update to its mobile app that will allow users to opt for a “Lite App” version within its flagship app, offering streamlined and simplified in-app transactions for crypto trading of more than 1,400 coins, tokens, and other digital assets. The Lite App’s cleaner, more user-friendly interface makes it even easier for new and existing users to invest and trade quickly and efficiently as they can access a suite of features for different crypto assets on the go. Celebrate with Gate.io To kick off Gate.io’s 9th birthday festivities, users can take part in a series of exciting contests and promotions, with a total of US$9,000,000 in prizes to be awarded. To start, the Gold Bar campaign on Twitter, gives participating Gate.io users the chance to win a prize pool worth US$50,000 in tokens, and one lucky winner will win a 999 gram 999.9 gold bar. Gate.io will also be hosting NFT and trading contests for its users as part of the celebrations. About Gate.io Established in 2013, Gate.io is one of the world’s earliest cryptocurrency exchanges and a leader among digital asset platforms. Gate.io offers services related to the trading of multiple leading digital assets, and it has grown to serve over 10 million users around the world. It has been consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko, and has been verified by the Blockchain Transparency Institute (BTI). Gate.io has also received a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investing, wallet services, labs and more. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Disclaimer: Please note that Gate.io may not provide its full scale of services in certain markets and jurisdictions, and Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For details of restricted locations, please read the Terms of Service “Section II Eligibility” .

Summary: What is the Cardano Platform and how does it work? Advantages of the Cardano exchange. Cardano's past, present and future price positions. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP  Cardano’s platform Cardano’s mission is to be a blockchain for innovators, visionaries and changemakers, it has the tools and technologies required to create possibilities to bring about positive global change for the many, as well as the few. The Cardano platform was founded in 2015 and launched in 2017. The platform token “ADA” has a maximum supply of 45 billion ADA, a circulating supply of more than 33.7 billion and a market capitalisation of more than $18.25 billion. The cardano platform is a proof-of-stake blockchain, it was the first to be founded on peer-review research and was developed through evidence-based methods. The blockchain combines pioneering technologies to provide unparalleled sustainability and security to decentralised systems, applications and technologies. Proof-of-stake refers to a type of consensus mechanism used to validate cryptocurrency transactions. Cardano’s aim for their platform Cardano’s aim is to be an enabling force for positive change and progress, in order to achieve this they have a leading team of engineers. The platform exists to redistribute power from the unaccountable to the margins and the individuals. Cardano's platform integrations and protocol implementations are first researched, mathematically modelled, tested and challenged before they are specified. The Cardano platform is designed to reward those who act in the best of the network and are also acting in their own best interests. The scalability and sustainability combination allows Cardano to achieve the throughput required to meet the ever changing demand of the global systems: logistics, societal, financial and identity. Some of the uses of the Cardano platform and ADA token: Send, create and receive NFTs and native tokens. Set up and manage your own staking pool on Cardano. Users are able to create their own smart contracts. Users can integrate their Cardano technology into their existing websites and platforms. ADA tokens can be used to vote on governance proposals, those that distribute treasury funds in particular. ADA tokens can be staked to earn rewards. Ouroboros and Cardano Cardano is the first blockchain to implement the Ouroboros protocol. Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, which enables Cardano’s decentralisation and allows it to scale global requirements sustainably without compromising security crucially. Advantages of investing in Cardano The Ouroboros blockchain protocol. Evidence-based development: the evidence-based methods used to create the Cardano blockchain is a combination of methods, which are normally found in critical high-stake applications, along with an agile approach, which helps the project remain responsive and adaptable to new innovations and emerging requirements. Security: when using the cardano platform, it is possible for users who have never met or transacted before to interact and transact with a high level of security. The Cardano platform builds trust where there otherwise may not be any, which opens up doors to many more markets and opportunities. Incentivised participation: Cardano is an open-source project developed through open participation. Cardano has an incentive mechanism to ensure network health and longevity, the mechanism rewards users for their participation, either through stake delegators or as stake pool operators. The governance system gives all users a voice, ADA holders can submit or vote proposals on proposals to improve the platform. Scalable and sustainable: Ouroboros allows the Cardano platform to scale global requirements with minimal energy requirements. Cardano's performance-energy is achieved through a combination of novel approaches namely, side chains, multi-ledger and parallel transaction processing through multi-party state channels. Follow FXMAG.COM on Google News Past, present and future prices of Cardano After the launch of ADA, the original price spiked and then fell back down the pre-launch levels. It took Cardano’s ADA a couple of years to truly see any real price change. In 2021 Cardano reached a maximum price of more than $2.77, but has since been on a declining streak. Currently the cryptocurrency markets have been declining, the current economic conditions are sending investors searching for safe-haven assets, a category that cryptocurrencies do not fall under, this is causing a sell-off investor sentiment. Some analysts believe that the price of ADA will fluctuate but will see an increase, and thereafter consistently increase until 2030 wherein the value is expected to reach around $13.55. However, predicting the future value of cryptocurrencies is difficult due to the volatility of the markets they operate in. ADA Price Chart Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform  Sources: finance.yahoo.com, cardano.org, coinbase.com, changelly.com  

Bitcoin fell between 5-12 May 2022 by over $13,000, i.e. over 33%. It increased the range of the ongoing from 28 March 2022 depreciation to over $21,000, i.e. 44%. In turn, counting from the peaks of November 2021, BTC decreased by over $42,000, i.e. 61%. Bitcoin Price (BTC/USD) Such a significant sale caused the exchange of the oldest virtual currencies to drop from $69,000 to below $27,000, which was the lowest level since December 2020. It is noteworthy that this trend did not stop around the critical level of support of $29,000, where various types of demand reactions have occurred many times in the past. It was no different now. This time, however, the rebound turned out to be extremely modest, and as a result, Bitcoin found itself in a horizontal trend. Considering that the consolidations are corrective formations, statistically, more often, the market will push out of this type of system in the direction consistent with the earlier move. This particular case increases the risk of a potential bottom breakout, which could signal a potential for further declines to the $24,000 region or even below $20,000. This scenario may also be supported by the fact that the upper limit of this system coincides with the measurement of 38.2% Fibonacci correction from an earlier downward impulse. Ethereum Price (ETH/USD)  The current situation on the Ethereum quotes is also identical. The price of this cryptocurrency fell between 3 April and 12 May this year by 52%, dropping to the Tech Support area of $1,750, the lowest level since July 2021. However, taking into account that the demand response that appeared around this support was much more modest than the rebound observed in this area already in May, June and July 2021, one can assume that in the end, it will turn out to be only a correction, after which the ETH rate will return to around $1,750. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM A permanent drop below this price level could open the door for further declines to $1,400. There is another significant support around which we could expect a greater demand response. It is worth mentioning here, however, that although the consolidations are corrective formations, there is no rule determining when the market should break out of the system. This fact means that, although the statistics favour further declines before they happen, the ETH exchange rate may remain in the range of $1,900 to $2,150 for some time. (XRP) Ripple Price Looking at the XRP quotes, we can see that the price of this cryptocurrency fell between 28 March and 12 May this year by over 63%. This sell-off led to the breach of several important support zones and did not stop until around $0.36, where on 12 May this year, there was a demand response. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM However, the subsequent rebound did not last too long. As a result, the XRP price has remained in the horizontal trend for several years. It assumes a return to the vicinity of $0.36 seems more likely. If, however, this support was permanently defeated, then the quotations of this cryptocurrency could even move towards $0.20. Binance Coin (BNB) The current situation on Binance Coin's quotes is also very interesting. The price of this cryptocurrency fell between 7 November 2021 and 12 May 2022 by over 67%. This sale only stopped around $260 technical support - on Thursday, 12 May this year, there was a demand response. Due to the rebound that has continued since then, the BNB price has risen by more than 51%, thus returning to the area of ​​previously defeated support (now resistance) of $330. If a larger supply relationship is around this level, signalling its potential rejection, the BNB price could return to around $260 or even drop further to the $200 region. It’s finally time to get down to business. Start serious trading with Geco.one - top 20 cryptocurrencies, 1:100 leverage, staking, low fees, intuitive design, no KYC. Trading on derivatives has never been easier. Join us https://app.geco.one Follow FXMAG.COM on Google News

Terra’s LUNA price fails to recover despite Proposal 1299 to rescue over 154.7 million UST stuck in Osmosis and side chains. Anonymous Terra community members have come forward as whistleblowers, revealing facts on the deal with Jump Crypto. Do Kwon told the Terra community that sending LUNA to the burn address is "a loss" and "not a good idea." Several whistleblowers have contacted Terra community member “FatMan” and revealed details of Terraform Labs co-founder Do Kwon’s monthly payments to quantitative trading firm Jump Crypto and their role in the crash of UST. Proposal 1299 has failed to fuel a recovery in Terra’s LUNA price. Terra’s LUNA price stuck while whistleblowers call out Do Kwon Algorithmic stablecoin TerraUSD (UST) witnessed a colossal crash more than a week ago, losing its $1 peg, with Terraform Labs’ tokens LUNA and UST lost a combined market value of $39.1 billion within a week. This event has been marked as the “first crypto bank run” in history and had a catastrophic impact on Terra’s LUNA price, which crashed from almost $100 to the current levels below $0.0002 in the span of a couple weeks. Also read: LUNA price has turned into a crypto zombie with no revival to come Terra Research forum user “FatMan” has come forward with insights into Terra’s co-founder Do Kwon and the deal with Jump Crypto. @FatManTerra has published his findings in a recent Twitter thread. According to the findings, Do Kwon pays a fixed monthly installment of LUNA to repay his debt to Jump Crypto. @FatManTerra is yet to publish further details of these transactions. This Agora Terra forum user states that Jump Crypto manipulated retail investors into losing billions on LUNA and UST. The community member is yet to furbish evidence of transactions that connect Jump Crypto to the UST crash. Terraform Labs proposal 1299 fails to rescue 154.7 million UST In order to rescue the UST stuck on side chains, proposal 1299 was put forward by Terraform Labs. During the colossal crash, Terra validators disconnected Inter Blockchain Communication (IBC) as a stop gap solution. The proposal was passed, however, today it failed to execute due to technical issues. Among all side chains, Osmosis alone accounts for 154.7 million in LUNA and UST. The Terraform Labs tokens stuck on side chains are not covered in the “Revival Plan” that compensates holders for their losses in the coordinated attack. As a result of this failure, UST and LUNA tokens stuck on side chains will be excluded from the launch snapshot, thereby resulting in losses for community members. The rescue proposal 1299’s execution is key to a potential Terra’s LUNA price successful recovery. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM LUNA sent to burn addresses "is lost, not a good idea" Do Kwon has been criticized by the Terra community for his plan to leave the algorithmic stablecoin UST out of the final recovery strategy for the Terra ecosystem. Community members have reached out to Kwon on Twitter and informed them that they can aid Terra’s recovery by burning LUNA. Do Kwon answered by telling the Terra community and his 1 million followers on Twitter that LUNA sent to burn addresses is lost and it is not a good idea to burn these tokens. Terra Ecosystem Plan 2, Kwon’s proposal for the rebirth of Terra, has been criticized by the community. Over 52.6 million voters have abstained from voting on Proposal 1623, and 35.2 million have voted “No with Veto.” This puts the count of negative votes at 87.8 million, which accounts for over 33% of the community not having confidence in the plan for the recovery of Terra’s LUNA price. Crypto market trying to bounce back While the prospects for a Terra LUNA price recovery still look grim, the cryptocurrency market is trying to regain its footing, with several coins showing technical bullish setups. Check the following video to see how to trade them. Follow FXMAG.COM on Google News

Tightening financial conditions pose headwinds for risk asset BTC. Elevated options skew shows buying put-protection is currently expensive. A bearish cross has appeared for ETH. Chart of the Week: Mind the BTC and Financial Conditions Gap BTC is first and foremost another risk asset currently, so look for its returns to be driven in large part by macro risk factors. Financial conditions have been tightening YTD on the back of rising energy prices, market corrections, and geopolitical risks.  A gap has been forming between BTC and tightening U.S. financial conditions – does BTC have some more catching “down” to do? The Chicago Fed National Financial Conditions Index (NFCI) shows positive and negative values (from 1 to -1) for tighter and looser financial conditions, respectively. It tracks U.S. financial conditions in money markets, debt and equity markets, and the traditional and “shadow” banking systems. Indicators are grouped into risk (captures volatility and funding risk), credit (measures credit conditions for households and companies), and leverage (measures leverage of households and businesses). Fund Flow Tracker Aggregated exchange balances of BTC and ETH have dipped, after the sharp rebound during peak fear surrounding the recent Terra stablecoin collapse.    In the past week, aggregated exchanges saw net outflows of 19.8K and 234.0K for BTC and ETH respectively. BTC balance held on OTC desks dipped as well, following a sharp spike upwards during the week of the stablecoin drama. However, the uptrend from the lows established in March 2022 remains intact. Derivatives Pulse Options implied volatilities (vol) for BTC have quietened down considerably after going parabolic 2 weeks ago. 1-week implied vol currently stands at 73.9%, compared to 83.0% a week ago. ETH implied vols have come down significantly as well, with 1-week implied vol currently at 82.0% compared to 96.5% last week. The options put-call ratio for BTC continues to climb, while ETH’s has dropped from its YTD peak in April. BTC’s put-call ratio has only started playing catch up in the last 2 weeks, signaling increased exposure hedging – however, since most people buy protection late, this is occurring when BTC has already fallen 36.2% YTD and 55.2% from its peak in November 2021. Premiums typically are high when insurance is needed most – buying BTC and ETH put protection is indeed currently expensive, as seen in the elevated options skew. BTC and ETH perpetual futures funding rates are mostly positive overall, despite a few flashes of red during the past week, potentially signalling tilt towards long positioning. Technically Speaking A bearish cross has appeared for ETH, with the 50-day moving average crossing the 100-day moving average on the downside. The other occurrence this year was back in January, after which ETH declined 40.5% before consolidating into a base. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Price Movements         News Highlights USDT issuer Tether published a reserves report in a bid to boost transparency across backed assets. In the report, Tether reduced exposure to riskier assets and increased holdings in safe haven assets. This follows in the footsteps of stablecoin USDC issuer Circle’s reserves statement. Financial messaging network, Society for Worldwide Interbank Financial Telecommunication (SWIFT), is conducting tests for interoperable CBDCs across multiple domestic CBDC networks. The company previously conducted its first set of cross-border transactions in 2021. China has re-surfaced as the world’s second largest Bitcoin miner, despite the government’s ban in June 2021, according to a report from the Cambridge Centre for Alternative Finance. Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM Catalyst Calendar             Disclaimer: The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing on this report are registered trademarks of their respective owners. Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES MARKET MARKET INSIGHTS MARKET PULSE Source: crypto.com Follow FXMAG.COM on Google News

Bitcoin continues its tedious walk around $30K in a narrow range of $28.6-30.6K. Ethereum lost 0.4%, while other leading altcoins in the top 10 fell between 1% (XRP) and 2% (Solana). The exception was Binance Coin (+2.9%). Bitcoin reversed from the upper end of its range for the past two weeks The total capitalisation of the crypto market, according to CoinGecko, fell 0.8% overnight to $1.33 trillion. The Bitcoin Dominance Index fell 0.5% to 42.1%. The cryptocurrency Fear and Greed Index was up 2 points to 12 by Tuesday and remains in “extreme fear”.The dynamics of the first cryptocurrency in recent days seem to have become determined by the balance of power between bulls and bears, but not the stock market dynamics. The latter showed gains on Monday, while bitcoin reversed from the upper end of its range for the past two weeks.CoinShares data for last week showed a record weekly outflow of institutional investors from crypto funds since the start of the year. Funds are operating cautiously, and their actions may be holding back growth while buying on the dips comes from retail and crypto-kits. Thus, the market is distilled from sporadic participants who want to “ride the wave” but are not crypto enthusiasts by nature. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM According to Gary Gensler, head of the SEC, many crypto-sphere projects are about to fall Without the hype inherent in the golden days’ for crypto, the flow of money into the industry is drying up, a cruel test of strength. Over the past two weeks, investors have withdrawn more than $10bn (13%) from Tether’s USDT stable coin. According to Gary Gensler, head of the SEC, many crypto-sphere projects are about to fall. But that is not stopping lobbyists from promoting cryptocurrencies as a long-term investment vehicle. A bill has been introduced in the US House of Representatives that could lift restrictions on crypto investments by pension funds. Follow FXMAG.COM on Google News

Stock markets are back in the red on Tuesday, with US futures also pointing to a negative start on Wall Street in a couple of hours. These wild swings from one day to the next have become the norm as investors try to pick the bottom in the markets only to be dealt another blow from one negative headline or another. And they continue to come thick and fast, leaving equity markets vulnerable to further drops. Snap Stock Pessimistic Chinese growth forecasts and a profit and revenue warning from Snap appear to have been behind the latest tumble, although there are so many headlines pouring out, you could probably pick another half a dozen reasons to explain the selling. Ultimately it comes down to the fact that the level of economic uncertainty is immense and while recessions are not the base case, they are a very realistic prospect. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM Not least in the UK, where PMIs slipped back to levels not seen since lockdown. Except that the economy is fully open and operating without any restrictions at all, which is deeply concerning. The cost-of-living crisis is already having an impact and is expected to hit the economy hard, with the BoE anticipating double-digit inflation and a possible recession. The PMI data appears to be backing that up, with the services survey falling heavily from 58.9 last month to 51.8 this. That’s barely in growth territory and a hugely negative shift. The squeeze on household budgets is going to intensify later in the year which creates a feeling of inevitability about a recession. Perhaps that’s why we’re starting to see attitudes shift within government although as yet, we haven’t seen any new measures announced. Bitcoin consolidation continues There hasn’t been much change over the last week or so on the bitcoin front. It continues to bounce around USD 30,000 with moves below not gaining much traction to the downside and those above the same. It continues to look vulnerable below as there simply isn’t much of a bullish case for it in a monetary tightening and risk-averse environment. If we start to see markets pricing in fewer hikes then it may change but that looks a little hopeful at this point. For a look at all of today’s economic events, check out our economic calendar: www.marketpulse.com/economic-events/ This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds. Follow FXMAG.COM on Google News

Summary: What is the Stellar Platform and how does it work? Advantages of the Stellar exchange. Stellar's past, present and future price positions. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Stellar Platform The Stellar network is an open-source platform for currencies and payments. Stellar has no owner, it is said to be owned by the public. Stellar relies on the blockchain to keep the network in sync, but the end user experience is more similar to cash, the platform is much faster, cheaper and more energy efficient than most other typical platforms on the blockchain. Stellar was launched in 2014, the platform was intended to enhance the current financial system, rather than undermine or replace the one already in place. The co-founder of RippleNet, Jed McCaleb, founded the Stellar network, as a non-profit organisation, which was first named the Stellar Development Foundation. The Stellar platform is a peer-to-peer (P2P) decentralised network that is borderless, powerful and limitless. Stellars platform makes it possible to send, trade and create digital representations of all forms of money, such as dollars, pesos, bitcoin and more. The platform is designed to allow all the world's financial systems to work together on one single network. The Stellar network is designed for developers, the network has all the necessary tools needed to get a project up fast. Stellar's API and SDKs are available to help you transform the financial world. The network's currency connections could give even a small company the reach and power of an international bank. Stellars native digital currency Stellars native digital currency is the Lumen (XLM), users are required to acquire this currency in small amounts to use in making transactions and initialising accounts. Other than this fact, Stellar does not privilege any currency in particular. There are 24.85 billion XLM currently in circulation, a market capitalization of $3.325 billion and a maximum supply of 50 billion lumens. The Stellar platform maintains a high level of security, the XLM holders have to own at least one token in order to remain active on the platform. Lumens also offer protection against hackers by making microtransactions too expensive for hackers with no chance of profits, therefore Stellar is kept safe from serious threats. Stellars platform can be used in the following way With a few lines of code, users can create the following: Global Payment Apps: allow users to leverage the many currency-backed tokens that are already available on the Stellar network. Asset exchanges: users have access to Stellar’s built-in decentralised exchange for forex, cryptocurrencies or securities. Users can swap between tokens by using simple functions that are built into the protocol. Micropayment services: Stellar’s low, flat fees and fast transactions make it possible to make powerpayments of any size. Advantages of the Stellar Platform Fast transaction speed: it is possible for around 2000 transactions to be processed each second, therefore, a maximum of 5 seconds is required to validate a transaction. The fast transaction speed of the platform makes Stellar an attractive tool when there is a need to make fast and secure transactions. Multi-currency support: it is possible to carry-out multi-currency transactions on the Stellar platform, to support this system Stellar makes use of an anchor system. The anchor system works by accepting any money as a deposit and a loan is issued in the desired currency. The system independently selects a profitable course. Extremely low transaction fees: unlike some other cryptocurrencies on the market, the Stellar payment platform is not designed to prioritise profits. It is possible to reduce the overall transaction fees thanks to the transaction speed and operating efficiency. Simplicity: the simplification of currency exchanges and the ease of use are benefits of the Stellar platform. Stellar is a decentralised and independent system. Past, present and future prices In the past, Stellar has experienced many growth jumps, such as when Mercado Bitcoin announced his use of the platform. In general, it is clear that Stellar has shown price promise, however, like with most other cryptocurrencies, the XLM token does carry risk. The XLM hit a slow patch between 2019-2021. Since then the price of XLM has shown volatility. Currently the cryptocurrency markets have been declining, the current economic conditions are sending investors searching for safe-haven assets, a category that cryptocurrencies do not fall under. Some analysts believe that an investment in XLM can bring future passive incomes for investors. It is also believed that the price of XLM may see some strengthening going forward and join some of the other larger cryptocurrencies. It is expected that by 2026 the price could reach up to $0.34 per XLM. XLM Price Chart Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM Sources: finance.yahoo.com, crypto-academy.org, stellar.org, coinmarketcap.org, gobankingrates.com, cryptonewsz.com

Key Takeaways Ethereum’s (ETH) Ropsten testnet will attempt to simulate the Merge by combining proof of work with a proof of stake consensus layer. Meanwhile, $8.1B in ETH has been burned since the implementation of EIP 1559 in Aug 2021. Cardano (ADA) plans to improve scalability by reducing the transaction size of smart contracts in the upcoming Vasil hard fork. The Filecoin Foundation and Lockheed Martin (an American aerospace corporation) announced plans to host blockchain nodes in space. Cronos (CRO) reached 42.39M total transactions, an increase of +3.44% from last week. Highlights Cloudflare to run Ethereum node experiment to help ‘build a better internet’ Litecoin activates MimbleWimble Extension Blocks (MWEB) Computer scientists unveil rapid energy-efficient Bitcoin mining algorithms Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem Uniswap confirms launch on Gnosis and Moonbeam ZCash (ZEC) could soon transition to proof of stake as a means of driving sustainable growth Terra (LUNA) network dropped by Coinbase Cloud service Terra LUNA fork voting in chaos amid massive inflation Do Kwon says Terra collecting snapshot data for LUNA airdrop           Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES LAYER 1 LAYER 2

Bitcoin’s fluctuations continue to shrink, meaning the spring is being compressed further. The lower bound of the trading range has moved to $29K, from where the BTCUSD has received support since the start of active trading in New York. The upper bound of the formed triangle has moved to $30.5K against current prices at $30.0K, reflecting a 1.8% gain over the past 24 hours. Ethereum has added 0.3% in the past 24 hours, with other altcoins in the top 10 from a 2.9% decline (Avalanche) to a 1.0% rise (BNB), but all faring worse than the crypto flagship. Total coin capitalisation, according to CoinMarketCap, rose 1.1% to $1.28 trillion, with the Bitcoin Dominance Index up 0.4% to 44.7%. The Cryptocurrency Fear and Greed Index was down 1 point to 11 by Wednesday and remains in “extreme fear”. The bitcoin price is in consolidation mode, equally dangerous for both bulls and bears. Both gain liquidity over time and get used to the current prices. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM On the market cycle side, the chances are higher than the current consolidation will culminate in a breakdown of the lower boundary and liquidation of stop orders, reinforcing the initial downside momentum. Behind the pessimistic outlook is a tightening of monetary policy with slowing economic growth, which puts retail investors in the mode of withdrawing capital from cryptocurrency in favour of consumption. It does not help that the expectations of getting rich fast through cryptocurrencies are not paying off, as bitcoin is worth as much now as it was in early 2021. The ECB warned that the high correlation between cryptocurrency and stock markets... Investing in the industry is becoming more professional, moving beyond naïve attempts to buy and hold. According to CoinShares, investors are withdrawing money from bitcoin and investing in blockchains that support smart contracts, such as Cardano and Polkadot. Net capital outflows from crypto funds last week amounted to $141m. The ECB warned that the high correlation between cryptocurrency and stock markets is usually seen in times of dire economic conditions and will no longer allow the diversification of investment portfolios with digital assets. Follow FXMAG.COM on Google News

TL;DR NFT virtual land is an ownable area of digital land on a metaverse platform. Popular NFT land projects include Decentraland, The Sandbox, and Axie Infinity. NFTs are suited to representing land ownership as each one is unique and easily proves digital ownership. You can use NFT land for advertising, socializing, gaming, and work, among other use cases. The landowner can normally use their plot to host online experiences, display content, or gain benefits in a game. Large brands and celebrities, including Adidas and Snoop Dogg, are also beginning to invest in and use NFT land. The value of a plot is affected by its utility, project, and market speculation. You can purchase NFT land from a project in a land sale or on the secondary market via an NFT exchange, such as the Binance NFT Marketplace or OpenSea. Before purchasing, make sure you understand the risks and use cases of the land and its associated project. In some cases, it might be better to rent instead of buying an NFT land. Introduction The metaverse's development has rapidly created interesting new blockchain use cases. As 2020 was such a massive year for the metaverse and Non-Fungible Tokens (NFTs), it's no wonder that virtual land has become a hot topic. Some NFT sales of land have reached prices greater than properties in the physical world, making the concept difficult to grasp for some. In fact, there are actually a lot of similarities between NFT land and typical real estate. But as a digital asset on the blockchain, NFT land has some unique features to explore. What is the metaverse? The metaverse is an online, virtual world that will combine multiple aspects of our digital and real lives, including work, socializing, and recreation. 2021 saw many tech giants, including Meta (previously Facebook), Microsoft, and Epic Games, begin developing and exploring the space. Blockchain technology plays a crucial role in the metaverse as digital ownership, identity, and economies are central concepts. For a deeper explanation, read our introduction article to the metaverse. What is NFT virtual land? As mentioned, metaverse projects are digital worlds that users can usually explore with 3D avatars. SecondLive, for example, provides areas and venues for concerts, conferences, and expositions. While projects like SecondLive don't let users purchase a permanent virtual reality space, other metaverse worlds do. Developers create large maps of land divided into small parcels to sell on the market. To represent the unique ownership of the area, users purchase NFTs linked to a particular plot of land. You can purchase these plots through a land sale directly from the project or on the secondary market. Exactly what you can do with NFT land depends on each project. Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM What are the use cases of metaverse land? Apart from speculation, landowners can use their virtual space in various use cases: 1. Advertising - If your plot is in a popular area or district and attracts many visitors, you can charge for advertising space.  2. Socializing -You can host events on your digital land, including concerts, conferences, and community meetups. 3. Gaming - Your NFT land might have a use in an NFT video game. For example, land in Axie Infinity can provide extra resources, tokens, crafting ingredients. 4. Work - Land that can be explored with a 3D avatar can be used as a virtual office space or to provide digital services. PwC Hong Kong will use The Sandbox land in their Web 3.0 advisory services. Are global companies purchasing metaverse land? Prominent celebrities and brands have already begun to purchase land in the metaverse. For example, Snoop Dogg is creating his own Snoop Dogg Metaverse Experience on The Sandbox. Adidas has also purchased space on the platform for their own AdiVerse metaverse experience. Apart from joining in the metaverse and NFT hype, brands and companies will offer users the chance to interact with them by accessing metaverse services, games, and products.     NFT land has even made the jump from retail investors to institutional investors. For example, The Metaverse Group has made headlines purchasing large amounts of digital real estate, which we'll dive into later. The group is even virtually headquartered in Decentraland's Crypto Valley. The consultancy firm PwC also bought plots in Decentraland in December 2021 as part of their web 3.0 advisory services. What affects the price of NFT virtual land? The price of a plot of virtual land is determined similarly to other non-fungible tokens or cryptocurrencies. There are three main factors to examine: 1. Utility - Virtual land differs from many other NFTs as it usually has a variety of use cases. These will differ depending on the platform they're on. For example, digital worlds like Decentraland allow users to customize and create on their land. If your land is in a popular area or receives many visitors, you could charge for advertising. Your land might also provide you benefits in a blockchain video game. You could have improved staking bonuses or experience unique in-game events like in Axie Infinity. 2. The platform - Popular platforms like Decentraland, The Sandbox, or the upcoming My Neighbour Alice tend to have higher prices for their NFT land. This is due to market supply and demand. The user base and interest of these platforms are much higher than smaller projects. 3. Speculation - Large sales of NFT lands in the past have led to an increasing amount of speculation. For example, the NFT real estate company Metaverse Group spent roughly $2.43 million in November 2021 purchasing a parcel of 116 plots of land in Decentraland. Each plot is 16 meters squared, giving them a total area of 1,856 meters squared of land in the Fashion Street district. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Where to buy land in the metaverse There are two main methods for purchasing Metaverse NFT land. You can take part in a land sale and purchase it directly from the project, or you can buy land from other users through a marketplace. An NFT land sale is a good way of buying your land at a lower price than on the secondary market. Most large metaverse projects with NFT land have seen rising prices, meaning buying land in a sale tends to be better. Some projects sell all their plots in one go, while others sell them in rounds.  An NFT exchange is the safest and most reliable way to purchase land on the secondary market. This way, both the buyer and seller are protected by a smart contract that ensures the trades occur smoothly for both parties. Binance NFT Marketplace and OpeaSea are two of the most popular options to use. Binance NFT Marketplace supports Ethereum and Binance Smart Chain, while OpeanSea supports Ethereum, Polygon, and Klaytn.   Tips before buying your first metaverse land Buying NFT land in the metaverse should be treated like any other investment or financial transaction. Make sure to do your own research and consider the points below: 1. Buy your NFT land from a reputable source. If you purchase the land through a project's sale, make sure you have the correct official link. If you buy land from someone else, never make any transfers directly to their wallet. You should always make the sale through a trusted, reputable marketplace or crypto exchange. Binance NFT Marketplace and OpenSea are two possible choices, as previously mentioned. 2. Decide if you want to buy or rent your NFT land. Depending on your needs, you might not need to purchase a piece of land. For example, you might want to host a single event in a popular district. If the platform you're using supports rentals, then the price you pay depends on the plot's traffic, closeness to other important plots, and its size. 3. Consider the NFT land's project carefully. The project you choose will determine the utility and partly the cost of the NFT. If you want to speculate and resell your land, look at the project's fundamentals, such as popularity, number of users, and team. If you're going to sell advertising space or take part in another use case, research which metaverse platforms are most suited to your needs. Not all NFT projects will succeed, so make sure to consider the financial risk before buying NFT lands. If you buy land that has no use or demand, you might end up holding it forever. Closing thoughts To many, the idea of virtual land sales might seem far-fetched. However, you only need to look at the rise of NFTs, digital collectibles, and the metaverse to understand how NFT land has developed.  The idea isn't much different from owning a website or other virtual space. For example, popular domain names have sold for hundreds of thousands of dollars. However, the way NFT lands guarantee ownership is where we see a difference. With the tech world preparing itself for a metaverse future, we shouldn't be surprised to see even more metaverse NFT land for sale soon.

Table of contents · What is USD Coin (USDC)? · How does USDC work? · What is the advantage of USDC? · How is USDC different from UST? · Opportunities for the future · Conclusion The crypto ecosystem has evolved rapidly since the launch of Bitcoin (BTC) in 2009. Over the years, the crypto market has quickly expanded, hitting a total market cap of $2.3 trillion during the 2021 bull rally. However, these gains did not last, and the marketplace quickly plunged, losing over $1 trillion of its market cap. With the industry being historically volatile, it is only natural that crypto adopters seek an instrument to protect their crypto holdings against the wild price swings in the space, and then stablecoins become the safe haven. What is USD Coin (USDC)? Launched on September 26, 2018, USDC is a fully collateralized stablecoin pegged to 1:1 to the US dollar. It is an alternative to other USD-backed cryptocurrencies like Tether (USDT) or TrueUSD (TUSD). It was worth mentioning that USDC can be redeemed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with a smart contract based on the blockchain. At the moment, there is $53.1 billion worth of USDC in circulation. USDC was created by CENTRE, an organization founded by crypto exchange Coinbase and financial technology (FinTech) firm Circle. To ensure transparency, the Centre Consortium maintains USDC’s peg to the US dollar, and Circle uses a range of assets, including dollars, T-bills, and other highly liquid investments. USDC was issued on the Ethereum blockchain in the early period. With the booming of crypto, it is compatible with several blockchains, including Ethereum, Algorand, Solana, TRON, and other major public chains. Currently, KuCoin has supported deposit USDC with Ethereum, TRON, KCC, Algorand, ARBITRUM, and OPTIMISM networks. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM How does USDC work? A USDC token is created and requires 1 US dollar to be deposited in the issuer's bank account. The issuer uses USDC smart contracts to create an equivalent amount of USDC. The newly minted USDC are sent to the user, while the substituted US dollars are held in reserve. Then, when a customer wishes to redeem USDC back for dollars, the USD Coins are permanently destroyed in order to keep a consistent backing. The entire concept of stablecoins depends on there actually being a 1-to-1 backing. So trust and transparency are most important and essential for the stablecoin protocol like USDC. And USDC cooperated with the top-five accounting firm Grant Thornton to provide a high level of transparency and to maintain full reserves of the equivalent fiat currency. Click here to learn more. What is the advantage of USDC? By converting the cryptocurrencies like BTC, ETH, and other altcoins to USDC, investors can hedge against the risk of volatility in the crypto market. Furthermore, as a digital currency, it brings US dollars to the crypto world, avoiding traditional financial instruments and institutions, bypassing hyperinflation, and completing global transactions almost instantaneously and at low cost. In the crypto world, the USDC can be used to buy a variety of products across different decentralized applications (Dapps), exchanges, and blockchain-based games. Also, it opens up new opportunities for trading, lending, risk-hedging, and more. How is USDC different from UST? At the moment, there are four types of stablecoins. These are stablecoins that are fiat-collateralized, crypto-collateralized, algorithmic uncollateralized, and hybrid. TerraUSD (UST), a stablecoin from TerraForm Labs, is an algorithmic stablecoin that leverages a complex algorithm linked to Terra (LUNA), another crypto token from TerraForm Labs. While USDT has maintained its peg against the US dollar, UST’s algorithmic backing failed after the Terra network lost over $39 billion of its value. At the moment, UST is changing hands at $0.055 after losing nearly 95% of its value since the start of the year. Unlike UST, USDC is fully collateralized, meaning that it is difficult to depeg it. With USDC being fully backed by highly liquid yet stable assets, the stablecoin has stood the test of time. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Opportunities for the future With Centre leveraging a wide range of assets to maintain USDC’s stability, the consortium has helped the stablecoin secure a leading spot as a hedging instrument against volatility in the crypto market. USDC has a current market cap of over $53 billion, which makes it the fourth-largest crypto by market capitalization. Meanwhile, As the second-largest stablecoin after Tether (USDT), USDC has been accepted by as many wallets, exchanges, service providers, and Dapps as possible. With USDC having an impeccable reputation, it stands a chance to surpass USDT to become the ultimate stablecoin. Conclusion By using highly liquid yet stable assets to maintain its peg against the US dollar, USDC positions itself for success. Additionally, USDC’s backing by Circle and Coinbase helps boost the stablecoin’s adoption, seeing as both companies are trusted in the crypto industry. Find The Next Crypto Gem On KuCoin! Download KuCoin App>>> Sign up on KuCoin now>>> Follow us on Twitter>>> Join us on Telegram>>> Join the KuCoin Global Communities>>> Subscribe to YouTube Channel>>> Follow FXMAG.COM on Google News

Summary: What is the Tether Platform and how does it work? Advantages of the Tether exchange. Tether's past, present and future price positions. Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM The Tether USDT Platform Tether is a Hong-Kong based company that issues the USDT is a stablecoin that mirrors the price of the US Dollar. Tether. A stablecoin refers to a stable-value cryptocurrency. The token is pegged to the US Dollar, the peg is achieved via maintaining a sum of fiduciary deposits, cash, commercial papers, treasury notes and reserve repo notes in reserves that have the same US Dollar value as the number of USDT that are in circulation. Tether has a current market capitalization of $73.198 billion, more than 73 billion USDT in circulation and no maximum supply. The aim of the Tether platform is to combine the unrestricted nature of cryptocurrencies (transferring of assets between parties without the need of a financial intermediary) with the stable value of the US Dollar. Tether USDT was originally launched as Realcoin in July 2014 through using Omni platform. Realcoin was built as a second-layer cryptocurrency token built on Bitcoins blockchain, which was then updated later to work on Ethereum, EOS, Tron, Algorand and OMG blockchains. In recent times, stablecoins are sometimes being used as a hedge against inflation, instead of keeping fiat currency in an account earning small interest where users can lend their stablecoins and earn yields between 3-20%. What makes Tether USDT unique? Tether guarantees to its users that their USDT coin value will remain pegged to the US Dollar, this is guaranteed through the promise of updating the reserves with the value of USDT that is issued, ensuring that the 1:1 ratio always exists. Therefore ensuring that USDT is fully backed up by cash and cash equivalents. USDT is protected from the normal price fluctuations that occur daily in the cryptocurrency market, making USDT one of the more reliable cryptocurrencies to hold value. This feature of USDT makes the coin a safe-haven asset for cryptocurrency investors, during periods of high volatility in the cryptomarket, investors can leave their crypto assets in Tether without having to cash out into US Dollars. In addition, USDT provides an easier way to transact a U.S Dollar equivalent between continents, regions, and countries via blockchain, without having to worry about a slow, expensive intermediary like a bank or another financial institution. Security of USDT Tether does not have its own blockchain, instead operates as a second-layer token on top of other cryptocurrencies’ blockchains: Ethereum, Bitcoin, EOS, Tron, Algorand and OMG, the hashing algorithms of these blockchains secures Tether USDT. Advantages of the Tether platform and USDT Price stability: 1 USDT = 1 US Dollar. User transactions are extremely cheap, sending money from one USDT account to another has no chargers with it. There is a small fee attached for other transactions like trading USDT for other cryptocurrencies or fiat currencies. Highly integrable currency, it is easy for users to integrate USDT into other exchange platforms. It is successful in protecting the funds of traders and potential cryptocurrency traders as it allows users to quickly trade more volatile cryptocurrencies like Bitcoin in a more stable cryptocurrency. Past, present and future price of Tether USDT After going to market, the price of the USDT coin originally saw a substantial amount of growth, and then saw a lot of volatility. Since then due to its peg to the US Dollar, the price of Tether USDT has remained relatively stable over the years. The current investor risk off sentiment has not affected Tether USDT the same way it has to some of the other cryptocurrencies, instead Tether has mainly held its position in the market. However, in May, Tether’s price did drop, this reflected the irrationality of the investors in the market during the recent sell off sentiment. Looking a few years ahead, some analysts predict that the price of Tether USDT will rise to above $1 and hold around that position for the large part of the decade. This forecast is based solely on numerical data, due to the volatility of the cryptocurrency market, it is difficult to make an accurate forecast for the price of USDT despite its increased stability. USDT Price Chart Purpose of creating Tether Its users do not have limitations when making transfers, Tether users receive all the benefits of owning cryptocurrencies without the high fees or any major problems. The Tether platform allows exchanges to maintain a high level of liquidity and protection against the volatility of the crypto market. It offers a way to protect investments from traders within an exchange platform. In terms of volatility, the Tether platform offers a secure form of payment. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: academy.bit2me.com, finance.yahoo.com, coinmarketcap.com, capital.com

Bitcoin ignored the positive dynamics of US stock indices on Wednesday, further reducing the amplitude of its fluctuations. The first cryptocurrency has been moving in a $29.5-30.0K range since the start of active trading in New York. We caution that this reduction in volatility risks turning into an explosion in the near term, potentially setting off momentum for a few days or weeks. BTC Price A formal break of consolidation would be considered a consolidation beyond the previous local extremes, which are located at $30.2K and $29.3K. Going beyond those limits in a sharp move promises to trigger a wave of liquidation of positions that the bulls and bears have brought closer to the current price due to low volatility and bored speculators in recent days. Outside of Bitcoin, the situation is more worrying. The total capitalisation of the crypto market, according to CoinMarketCap, has fallen 1.6% in the last 24 hours to $1.25 trillion. Bitcoin’s dominance index is 0.4 points to 45.1%. Ether Price (ETH/USD) Ethereum lost 3%, dropping to 1915, the lower end of a steady trading range for the past two weeks. The daily candlestick chart clearly shows a sequence of increasingly lower local highs. This dynamic is a sure sign of a sustained sell-off in crypto, temporarily covered by Bitcoin’s stability. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Bitcoin’s stability against such an external backdrop may be nothing more than a temporary consolidation of capital in the most liquid cryptocurrency and is supported by improved sentiment in stocks. Crypto Fear And Greed Index The cryptocurrency Fear and Greed Index was up 1 point to 12 by Thursday and remains in “extreme fear”. Ripple lawyer Stuart Alderoty criticised the stance of US Securities and Exchange Commission Chairman Gary Gensler and the SEC’s desire to seize administrative control of the cryptocurrency market. Stellar will provide its technology to the Central Bank of Brazil to develop the digital currency. Follow FXMAG.COM on Google News

Could Avalanche face another 50% drawdown due to the stablecoin crisis in crypto? 00:00 Intro 00:26 Preview 00:52 Crypto-News 03:01 Bitcoin 10:27 Ethereum 14:35 Avalanche & Luna 17:00 Aave 19:26 Polygon / Matic 19:44 Good bye & subscribe _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

What is blockchain? In short, a blockchain is a list of data records that works as a decentralized digital ledger. The data is organized into blocks, which are chronologically arranged and secured by cryptography.  The earliest model of a blockchain was created in the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta employed cryptographic techniques in a chain of blocks as a way to secure digital documents from data tampering.  The work of Haber and Stornetta certainly inspired the work of many other computer scientists and cryptography enthusiasts - which eventually led to the creation of Bitcoin as the first decentralized electronic cash system (or simply the first cryptocurrency).   Although blockchain technology is older than cryptocurrencies, it was only after the creation of Bitcoin in 2008 that its potential started to be recognized. Since then, the interest in blockchain technology has been growing gradually, and cryptocurrencies are now being acknowledged on a larger scale. Blockchain technology is mostly used to record cryptocurrency transactions, but it suits many other kinds of digital data and can be applied to a wide range of use cases. The oldest, safest, and largest blockchain network is Bitcoin, which was designed with a careful and balanced combination of cryptography and game theory. Learn more on Binance.com How does blockchain work? In the context of cryptocurrencies, a blockchain consists of a stable chain of blocks, each one storing a list of previously confirmed transactions.  Since the blockchain network is maintained by a myriad of computers spread around the world, it functions as a decentralized database (or ledger). This means that each participant (node) maintains a copy of the blockchain data, and they communicate with each other to ensure that they are all on the same page (or block). Therefore, blockchain transactions occur within a peer-to-peer global network and this is what makes Bitcoin a decentralized digital currency that is borderless, and censorship-resistant. In addition, most blockchain systems are considered trustless because they do not require any kind of trust. There is no single authority in control of Bitcoin. A central part of almost every blockchain is the process of mining, which relies on hashing algorithms. Bitcoin uses the SHA-256 algorithm (Secure hash algorithm 256 bits). It takes an input of any length and generates an output that will always have the same length. The output produced is called a "hash" and, in this case, is always made of 64 characters (256bits). So the same input will result in the same output, no matter how many times the process is repeated. But if a small change is made to the input, the output will change completely. As such, hash functions are deterministic, and in the cryptocurrency world, most of them are designed as a one-way hash function. Being a one-way function means that it is almost impossible to calculate what was the input from the output. One can only guess what the input was, but the odds of guessing it right are extremely low. This is one of the reasons why Bitcoin's blockchain is secure. Now that we know what the algorithm does, let's demonstrate how a blockchain works with a simple example of a transaction. Imagine that we have Alice and Bob along with their Bitcoin balance. Let's say Alice owes Bob 2 Bitcoins. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM For Alice to send Bob that 2 bitcoin, Alice broadcasts a message with the transaction that she wants to make to all the miners in the network. In that transaction, Alice gives the miners Bob's address and the amount of Bitcoins she would like to send, along with a digital signature and her public key. The signature is made with Alice's private key, and the miners can validate that Alice, in fact, is the owner of those coins. Once the miners are sure that the transaction is valid, they can put it in a block along with many other transactions and attempt to mine the block. This is done by putting the block through the SHA-256 algorithm. The output needs to start with a certain amount of 0's in order to be considered valid. The amount of 0's needed depends on what's called the "difficulty," which changes depending on how much computing power there is on the network. In order to produce an output hash with the desired amount of 0's in the beginning, the miners add what's called a "nonce" into the block before running it through the algorithm. Since a small change to the input completely changes the output, the miners try random nonces until they find a valid output hash. Once the block is mined, the miner broadcasts that newly mined block to all the other miners. They then check to make sure that the block is valid so that they can add it to their copy of the blockchain and the transaction is complete. But in the block, the miners also need to include the output hash from the previous block so that all blocks are tied together, hence the name blockchain. This is an important part because of the way trust works in the system. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Every miner has their own copy of the blockchain on their computer, and everyone trusts whichever blockchain that has the most computational work put into it, the longest blockchain. If a miner changes a transaction in a previous block, the output hash for that block will change, which leads to all the hashes after it changing as well due to the blocks being liked with hashes. The miner would have to redo all of the work in order to make anyone accept his blockchain as the right one. So if a miner wanted to cheat, he would need more than 50% of the network's computing power, which is very unlikely. Network attacks like this are thereby called 51% attacks. The model of making computers work in order to produce blocks is called Proof-of-Work (PoW) there are also other models like Proof-of-Stake (PoS) which do not require as much computing power and are meant to require less electricity while being able to scale to more users.   Follow FXMAG.COM on Google News

The global cryptocurrency exchange KuCoin has released the Into The Cryptoverse US Report detailing statistics about the adoption of cryptocurrencies and blockchain technologies in the United States. The report provides important insights into the penetration of decentralized technologies and digital currencies into US citizens’ financial and investment behavior based on a survey conducted among adults in the US. According to the survey by KuCoin, the share of crypto investors among US adults has gone up 5% compared to Q4 of 2021, which is equivalent to 8 million people entering the cryptocurrency investment market. As of March of 2022, 50 million, or 27%, of US adults aged 18-60 are crypto investors who currently own or have traded in the past six months. The report also reveals essential shifts in demographics – in Q1 2022, women accounted for 35% of crypto investors, 5% up from the previous quarter. In Q1 2022, 47% of female crypto investors stated that they are familiar with how cryptocurrencies work and how to invest in them, which is 17% lower than their male counterparts. 41% of female crypto investors claimed to understand the basic concepts of cryptocurrencies, and another 12% only know cryptocurrency as a term. The findings show that the cryptocurrency market has become less men-dominated, and female crypto users have gradually increased. But at the same time, the gender gap in crypto literacy and confidence in crypto investment remains. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Interest in cryptocurrencies is rated high, as 53% of the surveyed US crypto investors claimed to have doubled down their money invested in cryptocurrencies in the first quarter of 2022. At the same time, 59% plan to increase their investment in cryptocurrencies over the next six months. The generation gap is also narrowing, as the share of 41-50-year-olds rose by 7% over the past quarter, cannibalizing the percentage of younger age groups.   Financial results from crypto investments have played an essential role in the given share since those earning more than $100,000 a year have grown by 7%. A contributing factor is a good level of familiarization with decentralized assets, as evidenced by the results of Q1 2022, in which 58% of crypto investors claimed that they were familiar with how cryptocurrencies work and the way to invest in them. The given share is a 6% drop from the previous quarter, indicating a more robust demand for crypto education. 68% of crypto investors report actively learning about crypto on social media, a 7% increase from the previous quarter. The number is higher among young investors aged 18-30, reaching 75% in Q1 2022. The top sources of crypto information are social networks, as 46% of respondents stated that they acquired their knowledge on YouTube, which is more prevalent than most crypto-specific data and news platforms. 32% of crypto investors find their data on Facebook, 25% on Twitter, and 24% on Instagram through searches for crypto-related content. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM The improvement of the quality of life is a leading factor for investments in cryptocurrencies among 37% of users, while 22% do so to buy things they enjoy. Financial freedom is a top goal for 27% of crypto investors, who hope to profit from cryptocurrency investments to free themselves from 9-to-5 workplace routines. The motivation is powerful among Millennials and Gen Z, and older Gen X. 28% of crypto investors above age 50 bet on crypto as part of their early retirement plan, and 18% plan to use crypto gains to start their businesses. Despite the lackluster results on penetration, 48% of US crypto investors consider cryptocurrencies to be “the future of finance,“ which is the top reason to invest across all age groups. For many, cryptocurrencies are a culture and a part of their identities and beliefs backed and strengthened by the communities formed around them. Younger users see cryptocurrencies as a source of hope for the future and a path to accumulate wealth. 37% of crypto investors expect to earn high returns from their crypto investments, in the long run, 38% use them as a source of passive income, and 31% consider them a reliable store of value. Another 36% stated that cryptocurrencies are a trend that has to be leveraged. Follow FXMAG.COM on Google News The “Fear of missing out” factor is still a key driving factor for crypto investors since 26% of respondents stated that they invest in cryptocurrencies to gain short-term returns, while more than 35% invest to diversify overall portfolios as a growing number of brands and platforms supporting cryptocurrency payments emerges, as many as 35% of users stated that they are buying crypto for its uses in transactions. The KuCoin Into The Cryptoverse US Report indicates that a growing share of the US population is getting acquainted with cryptocurrencies, which have acquitted themselves as reliable investment assets with high yields. KuCoin believes that the penetration of decentralized technologies in US society will grow as sources of crypto-related information multiply and crypto payments become mainstream in light of the stabilization of the market. Click here to download the full report. About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. Find The Next Crypto Gem On KuCoin! Download KuCoin App>>> Sign up on KuCoin now>>> Follow us on Twitter>>> Join us on Telegram>>> Join the KuCoin Global Communities>>> Subscribe YouTube Channel>>> Source: KuCoin

BTC has been stuck inside our gray range, and the last couple of days, that range is contracted to form range within a range. The longer the consolidation, the more aggressive the movement would be after the breakout. So be prepared! The question is... which way? Scenario 1: Trend Reversal For the bulls to take over, we need a daily momentum candle close above the upper bound / gray zone. In this case, a movement till the upper resistance zone 38k - 40k would be expected. Scenario 2: Trend Continuation For the bears to take over, we need a daily momentum candle close below the lower bound / gray zone. In this case, a movement till the lower demand zone resistance 18k - 20k would be expected. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Good luck! All Strategies Are Good; If Managed Properly! ~Rich Follow FXMAG.COM on Google News

Summary: What is the HEX Platform and how does it work? Advantages of the HEX exchange. HEX's past, present and future price positions. The HEX Platform HEX was launched in December 2019, and is the first blockchain Certificate of Deposit, that offers high returns, no minimum and decentralised design. The average return staked on HEX is around 38%. The current circulating supply of HEX is more than 173.4 billion coins, with no maximum supply. The market capitalization is more than $12.8 billion, which puts HEX in the top 10 cryptocurrencies in terms of market capitalisation. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM HEX is an ERC20 token that is launched on the Ethereum network. The HEX token is designed to act as a store of value to replace the Certificate of Deposit as the blockchain counterpart of the Certificate of Deposits used in traditional financial markets. HEX token is also designed to leverage off the emerging decentralised finance (DeFi) ecosystem in finance using the Ethereum network. Outperforming Ethereum? According to HEX.com the HEX cryptocurrency was designed to outperform Ethereum, and has achieved good results since its inception. Behind the scenes, the HEX cryptocurrency is an advanced game theory that has been updated to eliminate all of Bitcoins flaws. HEX utilises the Ethereum network for the transaction layer (the layer that makes it possible to send and receive HEX tokens as well as allowing interactions with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract. Certificates of Deposits are common investment tools that are normally managed by banks. The Certificate of Deposit market is a trillion dollar market and is used worldwide. HEX took the concept of Certificates of Deposits, removed banking fees, added a higher average return rate and turned it into a decentralised cryptocurrency. HEX’s coin - HEX USD HEX allows their users to stake their HEX coins for a share of a new coin issuance, or inflation and contains features that are designed to incentivise behaviours that will encourage price appreciation and discourage behaviours that could harm the price. The HEX smart contracts rewards stakers for staking larger amounts of HEX for longer periods and penalises stakers for ending their stake early. When lockup periods are over, HEX coins are created to pay off the existing holders. At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have active stakes. After the first year of launch, the maximum possible annual inflation is designed to be 3.69%. For Bitcoin holders, HEX coin is a free airdrop, when switching from Bitcoin to HEX, users are not required to pay anything in the process. Interest on HEX coins are paid in HEX, the monetary value of the paid interest is determined by the market value of HEX at the time of maturity. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Advantages of the HEX blockchain Faster and cheaper to transact, the Ethereum platform that HEX operates on Makes use of Ethereum's security which makes the HEX platform safe. The biggest benefits are offered for users that stake for a longer period of time. There are no intermediaries required for users that convert Ethereum to HEX. Early claimers are rewarded with bonuses. Bonuses are given to both the referrers and to those who are referred. Users who lock their HEX on time receive interest and unclaimed coins. Larger and longer term investments are rewarded with additional shares, the price per share continues to rise. HEX equalises incentives, therefore, the more participants on the network, the better. Follow FXMAG.COM on Google News How to buy HEX Users will need to download the coinbase wallet if they want to buy HEX. Buy and transfer Ethereum (ETH) tokens and transfer them to your coinbase wallet. Using the trade tab, use your ETH to buy HEX. Past, present and future prices HEX price only started picking up in the first quarter of 2021, before then the price remained low. In October of 2021 the price of HEX rallied, and then fell again. HEX had a disappointing start to 2022 and lost 35% of its value. The current investor risk off sentiment has affected HEX the same way it has to some of the other cryptocurrencies. There is a link between the cryptocurrency market and the broader markets, the broader market sentiment's sell-off attitude is reflected in the graph below over the past few months. Some analysts believe that the price of HEX will continue to increase for the next 10 years, with the possibility of the price reaching $4 per coin by the time 2031 comes around. This forecast is based solely on numerical data, due to the volatility of the cryptocurrency market, it is difficult to make an accurate forecast for the price of HEX. HEX Price Chart Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Sources: finance.yahoo.com, coinbase.com, techstory.in, coinmarketcap.com, hex.com, technewsleader.com

Note: The first section of this article explains the previous burn function of Binance Coin while it was on the Ethereum network. Binance Coin is now on the Binance Chain, so the burn function behaves differently. However, the discussion still applies to all current ERC-20 tokens that support the burn function.   Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply. To explain how this works, we will be using Binance Coin (the old BNB ERC-20) as an example. The previous contract for BNB, while it was on the Ethereum network, can be found here. When the Binance Coin was still part of the Ethereum network, Binance performed periodic Coin Burn events using a smart contract function known as burn function. The BNB burning events are scheduled to occur every quarter until 100,000,000 BNB are finally destroyed, which represents 50% of the total BNB ever issued (200,000,000 BNB). The amount of BNB coins to be burned is based on the number of trades performed on the exchange within a 3-months period. So after each quarter, Binance burns BNB according to the overall trading volume. However, it seems that a considerable amount of people still fail to understand how Coin Burns are executed. The present article aims to provide relevant information in regards to the burn function and the quarterly BNB Coin Burn events. Learn more on Binance.com How does it work? Basically speaking, a token burn event happens in the following order: A cryptocurrency holder will call the burn function, stating that they want to burn a nominated amount of coins. The smart contract will then verify that the person has the coins in their wallet and that the number of coins stated is valid. The burning mechanism only allows positive numbers. If the person doesn’t have enough coins, or if the stated number is invalid (e.g., 0 or -5), the burn function won’t be executed. If they do have enough, then the coins will be subtracted from that wallet. The total supply of that coin will then be updated, meaning that the coins were permanently burned. If you execute the burn function to burn your coins, they will be destroyed forever. It's impossible to recover coins after they are burned, and thanks to blockchain technology, the proof of burn can be easily verified on a blockchain explorer.   In other words, the Binance Coin contract has a function known as burn function, which is available to anyone at any time. By calling this function, you can permanently remove a nominated amount of coins from the circulating supply of a blockchain network. As mentioned, every token burning event is recorded as a transaction on the blockchain. The burning mechanism is transparent, and anyone is able to verify that the coins have been destroyed. As soon as a quarterly Coin Burn takes place, Binance makes an official announcement that specifies the amount of BNB coins that were burned (based on the trading volume for that quarter). You can verify all BNB ERC-20 Coin Burn transactions on an Ethereum blockchain explorer, such as Etherscan. The burning transactions are public, irreversible, and permanently recorded on the blockchain. On Etherscan, you can see the details about a burning transaction on the Input Data box.   If you click Decode Input Data, you can check the amount of BNB that was burned. The number includes the 18 decimals, so in this example, 1,623,818 BNB were burned.     The current Binance Burn function Since the launch of the Binance Chain, the BNB ERC-20 tokens were gradually swapped by the native Binance Coins (BNB BEP-2). This means that the Coin Burn events now take place on the Binance Chain and not on the Ethereum network. It’s worth noting that all BNB ERC-20 coin burns were “replicated” on the Binance Chain to ensure that the total supply is the same. As such, the 11,654,397 BNB ERC-20 tokens that were previously burned on the Ethereum network were also burned on the Binance Chain (right after the mainnet launch). You can check this specific burning transaction on the Binance Chain Explorer. You can also check the total supply of BNB. The current BNB coin burn mechanism doesn’t rely on a smart contract anymore but on a specific command executed on the Binance Chain. You can find more details on the Binance Chain Docs page. As of April 2022, Binance completed 19 BNB Coin Burn events. In total, 36,723,852.37 BNB coins were burned, reducing 18.36% of the Total Supply (now at 163,292,674.61 BNB). Coin Burn BNB Burned Approx. BNB Price Approx. USD Value % of Total Supply #1 (Oct 2017) 986,000 $1.52 $1,500,000 0.49% #2 (Jan 2018) 1,821,586 $21.96 $40,000,000 0.91% #3 (Apr 2018) 2,220,314 $13.52 $30,000,000 1.11% #4 (Jul 2018) 2,528,767 $12.93 $32,700,000 1.26% #5 (Oct 2018) 1,643,986 $10.34 $17,000,000 0.82% #6 (Jan 2019)  1,623,818 $5.83 $9,400,000 0.81% #7 (Apr 2019) 829,888 $18.79 $15,600,000 0.41% #8 (July 2019) 808,888 $29.47 $23,800,000 0.40% #9 (Oct 2019) 2,061,888 $17.80 $36,700,000 1.03% #10 (Jan 2020) 2,216,888 $17.50 $38,800,000 1.11% #11 (April 2020) 3,373,988 $15.55 $52,466,000 1.69% #12 (July 2020) 3,477,388 $17.40 $60,500,000 1.74% #13 (Oct 2020) 2,253,888 $30.17 $68,000,000 1.13% #14 (Jan 2021) 3,619,888 $45.80 $165,791,000 1.81% #15 (Apr 2021) 1,099,888 $541.25 $595,314,380 0.55% #16 (Jul 2021) 1,296,728 $303.59 $393,673,653 0.65% #17 (Oct 2021) 1,335,888 $478.68 $639,462,868 0.66% #18 (Jan 2022) 1,684,387.11 $474 $798,399,490 0.84% #19 (Apr 2022) 1,839,786.26 $403.22 $741,840,738 0.91% TOTAL 36,723,852.37 - $3,760,948,130 18.36% BNB Destruction History (Quarterly Coin Burn).

Square Enix to heavily invest in Web3 gaming after selling Tomb Raider franchise. Sony dives into the Metaverse using the Playstation platform. Key Takeaways In its Q1 earnings report, Square Enix revealed that they plan on heavily investing in Web3 gaming, including implementing NFTs in more of their games and issuance of their own tokens. The gaming giant sold the rights to Tomb Raider, among other titles earlier this month to make way for the sweeping changes.  In their latest annual corporate strategy meeting, Sony announced their intention to dive into the metaverse. The electronics giant plans on using the Playstation brand to “create new experiences in the area of the metaverse”. a16z has announced a US$600M Web3 gaming fund, named “GAMES FUND ONE”. The initiative will go towards gaming studios and other companies building infrastructure for Web3 titles.  The total market cap for GameFi tokens now stands at US$35.47 billion, down -1.48% from last week. Highlights Saga raises US$6.5M seed round to help build dedicated blockchains for gaming and entertainment Azra Games raises US$15M for play-and-earn RPG with NFTs The Smurfs village to debut in the metaverse after partnering with The Sandbox Gap partners with Roblox for metaverse experience Pantone partners with Spatial Labs for metaverse wearable hardware product Zoom introduces new metaverse meeting feature in beta Apple unofficially targeting the metaverse with mixed reality headset Soap brand Dove files metaverse patents Metaverse social app BUD raises US$36.8M in Series B funding World Economic Forum jumps on the metaverse craze with virtual global collaboration village Boss Cat Rocket Club builds first all-inclusive metaverse on Cardano NFL and Mythical Games to launch ‘play-and-own’ NFT game ‘NFL Rivals’ Game Updates Nitro League updates roadmap for its racing metaverse Crypto Blades introduces its largest patch to date Decentraland is postponing The Wearable fee changes Sorare adds scarcity filter Shine Fusing goes live on Gods Unchained Realms of Ethernity staking goes live Top Gainers and Losers     Top Games Metrics     Top 15 Largest Tokens by Market Cap     Daily Gamers by Blockchain Tags CRYPTO CRYPTO RESEARCH CRYPTO.COM RESEARCH CRYPTOCURRENCIES GAMEFI MARKET

Summary: What is the Tesoz Platform and how does it work? Advantages of the Tesoz exchange. Tesoz’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Tezos Platform Tezos platform is an open-source platform that tries to fix the main barriers that are facing blockchain adoption for assets and applications. Tezos is backed by validators, builders and researchers from a global community. Tezos’ design embraces upgradability in the long-term, collaboration, participation and smart contracts safety. Tezos was launched in June 2018, there is a maximum supply of 763,306,930 XTZ, the current circulating supply is 756,203,598 and has a market capitalization of $1.632 billion. The Tesoz platform was designed to power the web3 revolution. According to Tesoz.com, “The future of the internet is being built on Tezos” the core of the Tesoz platform is user participation and governance. Users are able to frictionlessly and directly communicate with each other over a decentralised network, interacting with various applications and exchanging value, without the need for intermediaries. On Tezos, web3 can be truly user-governed and user-centric, the way it was meant to be. Web3 in crypto refers to a blockchain-integrated internet whereby NFTs and cryptocurrencies are built into the platforms that are used. Basically, it is an internet owned by users. How the Tezos platform works? Tezos offers institutional grade security. It is designed to provide the safety and code correctness that is required for assets and other high value cases. This safety is and code correctness is provided at both the application and protocol layers, this is done by leveraging the OCaml and Michelson languages, both of which facilitate formal verification, a practice that is normally used in mission-critical industries. The future of web3 can be secure on Tesoz. The Tesoz platform was built with mechanisms to ensure that there would be participation and active community governance - this is a key component of web3. Tesoz is governed by the people, users are able to act actively by proposing, evaluating or approving amendments to Tezos. This allows Tesoz to remain on the top of technology, and is why Tezos is in a good position to underpin the revolution of web3. Tesoz facilitates an energy efficient algorithm through its proof-of-stake (PoS) network. The proof-of-stake network is not only energy efficient but is also cost efficient. As the web3 movement gains momentum regarding adoption, scaling responsibility requires a more energy efficient approach. Tezos is one of the leading smart contracts proof-of-stake blockchains, the Tesoz smart contracts can use formal verification which allows them to be secure, mathematically verified and reliable. The Tezos platform is built to be able to adapt, adjust and add features and functionality through its proven on-chain upgrade mechanism. The Tezos platform is powerfully scalable, the platform is built to remain state-of-the-art. Tezos’ XTZ token Tez (XTZ) is the Tezos blockchains native token, it is used to interact with dApps, pay for fees, provide a basic accounting unit on the Tezos platform and secure the network through staking. Advantages of Tezos Tezos utilises Proof-of-Stake consensus mechanism, this only requires the users to provide the necessary resources to keep the network working. Tesoz’ blockchain allows any stakeholder to participate in the consensus mechanism and offers rewards for contributing to the stability and security of the network. Tezos has a modular architecture and formal upgrade mechanism which allows the platform to smoothly adopt new technological innovations as they emerge. Tezos offers formal and systematic procedures for stakeholders to reach some agreements on proposed protocol amendments. Past, present and future prices of XTZ The history of Tezos’ price has shown large volatility, the price originally spiked after being launched, in 2019 the price of XTZ fell to its all time low, since then the price has not seen much stability, but has, overall increased. Over the past month, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price has been falling. The future price prediction of Tezos is based on data and does not take into account investor sentiment and the changing market conditions. According to some analysts, overall the price of Tezos is expected to rise in the future and could reach a value north of $45 per token by 2030. XTZ Price Chart Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: finance.yahoo.com, blockchain-council.org, tezos.com, coinmarketcap.com, cnet.com, chanelly.com

Bitcoin is down 2.5% over the past week, ending near $29,200. Ethereum lost 10.6%, while other leading altcoins in the top 10 fell from 1% (Polkadot) to 14.8% (Solana). The total capitalisation of the crypto market, according to CoinMarketCap, sank 2.4% over the week to $1.26 trillion. Bitcoin’s dominance index jumped 1.3 points to 44.9% over the same time due to the better performance of the first cryptocurrency. Cryptocurrency fear and greed index The cryptocurrency fear and greed index was down to 10 points by Monday. However, this drop does not consider the positive market performance in the early hours on Monday. Bitcoin has closed lower for eight consecutive weeks, the longest sell-off streak in the first cryptocurrency’s existence. But the last two weeks have been very tentative declines. Follow FXMAG.COM on Google News How Much Is 1 Bitcoin? On Monday morning, BTCUSD surpassed the $30K mark again and returned to last week’s highs, breaking above the downside resistance line in a strong move. It will be premature to talk about a bullish counteroffensive until Bitcoin gets above $30.6K, its horizontal resistance line since mid-May. Renewed risk appetite in global markets is fuelling hopes of a turnaround. Divergence in equity and cryptocurrency dynamics was conspicuous last week, highlighting the weakness of the crypto market. Bill Miller, head of investment firm Miller Value Partners, called bitcoin an effective means of accessing financial services regardless of military and economic situations Dan Held, business development director at crypto exchange Kraken, believes the current crypto crisis is not as severe as previous ones, as institutional players have entered the market in recent years and increased market liquidity. We would add that thanks to the expanded crypto market capacity, we haven’t seen as much of a surge in the bull cycle of 2021 as we did in 2013 and 2017, which explains the not-so-high ‘winter’ losses. MicroStrategy CEO Michael Saylor said he will always buy bitcoin. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM According to him, BTC is the most reliable asset in this very volatile world. Bill Miller, head of investment firm Miller Value Partners, called bitcoin an effective means of accessing financial services regardless of military and economic situations. Regulation of cryptocurrencies would help with the crisis in the crypto market, according to Deutsche Bank.

After a fall of more than $13,000 that we saw between 5 and 12 May, Bitcoin stopped in the area of ​​$28,500 technical support. There have been many different kinds of demand reactions in this area. It was no different now. Bitcoin Price (BTC/USD) This time, however, this rebound turned out to be highly modest; as a result, Bitcoin has been moving in a horizontal trend for three weeks. The rebound from the lower bound of this formation observed last weekend may drive an increase towards its upper limit, i.e. resistance of $31,500. However, it seems highly probable that the increases observed since Saturday will not lead to a permanent change in the market attitude and the return of BTC to the path of long-term gains. For this to happen, the quotations of the oldest virtual currencies would have to break above $31,500. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Price Of Bitcoin Reaching $20K!? Considering that consolidations are corrective formations and, statistically, more often, the market breaks out of these systems in the direction consistent with the previous move, there is a high probability that there will be a more significant supply response in the area of this resistance. It could signal a potential for further declines in the region of $28,500, even further toward $24,000, or even below $20,000. This scenario supports the fact that the upper limit of this system coincides with the measurement of 38.2% Fibonacci retracements from an earlier downward impulse. This prediction can change if Bitcoin breaks above the technical resistance of $31,500. Then we could expect a continuation of increases towards $34,500, or further to $37,000. Ether Price (ETH/USD) Looking at the Ethereum quotes, we notice that, in line with our last week's projection, the cryptocurrency's rate in the second half of last week broke below the technical support of $1,900 and slipped as much as $1,730. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM It is where the demand reaction reappeared last weekend. As the new week starts, it has led to a re-test of a previously defeated support (now resistance) of $1,900. The immediate future of ETH will now depend on what happens around the level currently being tested. Its permanent defeat, i.e. a break above $1,900, could open the way to further increases towards $2,150 or further towards $2,350. However, the emergence of a more significant supply response at this point, signalling a potential rejection of the resistance currently tested, could, in turn, indicate a potential for a further decline to $1730 or even further toward $1400. Polygon (MATIC) Looking at the MATIC quotations, we can see its price has been in the horizontal trend for almost three weeks between the technical support of $0.57 and the resistance of the $0.75. If the increases observed since last Saturday will continue, the MATIC quotations could return to $0.75. However, considering that this resistance coincides with the measurement of 38.2% Fibonacci retracements, it seems highly probable that more supply pressure will reappear in its vicinity. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM It is also worth remembering that consolidations are corrective patterns, which in this particular case increases the probability that the market will try to break out of this pattern with the bottom and further decline even towards $0.45. It’s finally time to get down to business. Start serious trading with Geco.one - top 20 cryptocurrencies, 1:100 leverage, staking, low fees, intuitive design, no KYC. Trading on derivatives has never been easier. Join us https://app.geco.one

Today we are looking at BNBUSD as price continues to post a solid rally off the back of a wider risk and crypto rally. Weekend action was choppy, with price setting up a minor range before buyers took control in today’s Asians session. Buyers continued to drive up to the Europeans session breaking above the weekend range. ST Support ST support is seen at 300, and resistance is seen at 328. For the trend to continue, we would like to see buyers push price back up to test and, hopefully, through to continue to the current ST uptrend. If buyers can continue to push higher, we will be looking at the downtrend point as possible higher resistance. A break back below ST support and through the current ST uptrend would be a worry that the overall downtrend could still be in play. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Recently, BNBUSD has been seeing more demand than other coins in the top 10 so if today’s momentum continues, we would be looking for BNBUSD to continue to run. BNBUSD D1 Chart The post Crypto News: BNBUSD set to retest resistance? appeared first on Eightcap.

Summary: What is the Bitcoin Cash Platform and how does it work? Advantages of the Bitcoin Cash exchange. Bitcoin Cash’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Bitcoin Cash Platform Bitcoin Cash (BCH) is an extension of the Bitcoin (BTC) cryptocurrency and was created as a way to get around some of Bitcoins flaws, it was launched in August 2017. Anybody who held Bitcoin (BTC) at the time of Bitcoin Cash’s launch, received BCH. Both platforms are run mainly on the framework, proof-of-work (PoW), and make use of nodes to verify transactions. The main differentiating characteristic between Bitcoin Cash and Bitcoin is the blocksize. The blocks in the Bitcoin Cash blockchain can be larger, this means that more Bitcoins can be processed at a time, therefore the additional space aids in avoidance of higher fees. Bitcoin Cash has a maximum supply of 21 million tokes, a market capitalisation of more than $3.5 billion and a current circulating supply of just over 18.5 million tokens.   Bitcoin Cash offers peer-to-peer electronic cash. The Bitcoin Cash platform brings safe money to the world, which fulfils the original promise of Bitcoin as “Peer-To-Peer Electronic Cash”. Through reliable confirmations and low fees, traders feel empowered. The future of Bitcoin Cash looks bright with its permissionless innovation, global adoption, unrestricted growth and its decentralised development. Benefits of the BCH platfrom Bitcoin Cash offers more anonymity and privacy than mainstream platforms such as banks and credit cards etc. it is almost impossible to discover who controls a Bitcoin address. Bitcoin Cash supports token protocols that are able to power a wide diversity of projects and makes it easy for users to create their own token backed projects. Bitcoin Cash supports worldwide freedom thanks to its permissionless open network. Bitcoin Cash users are empowered to speak with other real people without being interrupted. In addition the platform is decentralised, non-aggressive and voluntary. Decentralised finance (DeFi) applications are supported by the SmartBCH, which is a high performing EVM and Web3 compatible sidechains. A growing number of NFT projects and decentralised exchanges are included in this. Advantages of the Bitcoin Cash platform The Bitcoin Cash platform is extremely fast, transactions happen in seconds and get confirmed within minutes. Reliable, the Bitcoin Cash platform runs without problems or backlogs. The fees to send money both locally and to anywhere in the world using the Bitcoin Cash platform are extremely low. The Bitcoin Cash platform is extremely user friendly with no limits on transaction sizes and without the need for permission. The stability of the Bitcoin Cash platform has been a proven store of value. The Bitcoin Cash platform has been proven to be one of the worlds most robust blockchain technologies. The Bitcoin Cash platform is available to its users 24 hours per day 365 days per year. Users are their own bank and have full control over their money. Bitcoin Cash gives users full sovereign control over their funds, which are accessible from anywhere in the world. Bitcoin Cash has their own currency which has a fixed supply of 21 million tokens, this represents sound money. Many merchants offer discounts for paying with Bitcoin Cash due to the fact that it eliminates credit card fees and helps to expand adoption of this new system. Merchants also have certain benefits: Very low fees, the fees for transacting Bitcoin Cash are super low, in addition, the fees for going through merchants to exchange Bitcoin Cash for fiat currency are also lower than more traditional methods of doing this. There are no chargebacks for merchants, fraud protection is built into the Bitcoin Cash system, with no extra charge for the merchants. As Bitcoin Cash becomes increasingly popular, users often favour merchants who allow Bitcoin Cash payments and sometimes seek them out, Free press and marketing. Past, Present and future prices of BCH In the past, the price of Bitcoin Cash reacted to mining and rival coins and made BCH spike hugely. Many market participants began to see Bitcoin Cash as a rival currency instead of a fork of Bitcoin. After the spike, the price has fallen consistently, until seeing a rise in the price in the first half of 2021. Over the past month, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price has been falling. According to some analysts, the price of Bitcoin Cash is expected to increase to more than $905 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. Bitcoin Cash Price Chart Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM Sources: finance.yahoo.com, bitcoincash.org, coinmarketcap.com, cryptonewsz.com

Shiba Inu price shows signs of expansion after coiling up for roughly two weeks. The recent recovery could be key in triggering a 75% upswing to $0.0000201. A breakdown of the support level at $0.0000106 will invalidate the bullish thesis for SHIB. Shiba Inu price shows that the bulls are back in town, however, a confirmation is still required before a green light can be given. A retest of the immediate barrier will provide SHIB with the required validation and further trigger a minor uptrend. While technicals provide one half of the picture, adding fundamentals completes the analysis. For Shiba Inu, the developers seem to be keeping their heads down and working on major upgrades and additions to the meme coin ecosystem like ShibaSwap, ShibaBurn and SHIB: The Metaverse. All positive developments. Decentralized Exchange, ShibaSwap Launched in July 2021, ShibaSwap is a decentralized exchange (DEX) built on the Ethereum blockchain using the ERC-20 standard. Like many other decentralized platforms in the game, Shiba’s native DEX will allow investors to swap tokens, and provide liquidity to liquidity pools. However, unlike Uniswap, SushiSwap or other DEXs, ShibaSwap allows its users to stake their tokens, participate in governance and trade on its NFT marketplace known as Shiboshis. The main constituents of this exchange include - SHIB, BONE and LEASH. While SHIB is a native token, BONE can be used as a governance token while LEASH, a play on algorithmic stablecoins, was going to be used to track Dogecoin’s price at a /1,000 rate. However, this mechanism has since stopped and the tokens are now unleashed and have a total supply of only 107,647. Reducing Circulating Supply Through ShibaBurn ShibaBurn capability was launched on April 24, when SHIB’s market value was down 77% from its all-time high of $0.0000885. The portal was launched to allow holders to “generate passive income.” The concept of burning in the crypto ecosystem indicates reducing the effective supply of tokens in circulation. This is done by sending the tokens to a predetermined wallet by the underlying project and its developers which will not allow users to retrieve the burned tokens. Since its inception, 410 trillion SHIB have been burned, reducing the total supply of Shiba Inu tokens by 41%. Therefore, a reduction in the supply causes a negative supply shock ie., when the supply is reduced but the demand remains the same or increases. Such a development will have positive effects on the underlying asset. Shibburn.com Typically, projects burn their funds trying to keep up with declining prices and user sentiment in the bear market. Some developers continue working on their ecosystems and very few come out of the crypto winter. Despite SHIB’s fall from grace over the past months, there have been massive developments in the Shiba Inu ecosystem on multiple fronts. Hence, investors should expect the market value of the meme coin to reflect the same very soon. Interestingly, technicals are already showing bullish signs that could be the start of a quick run-up. Expanding into Web3 with SHIB Metaverse The latest addition to the ShibaBurn and ShibaSwap features is SHIB: The Metaverse, which is a play on the ongoing fad for the crypto ecosystem to be interconnected with Web3. Like many Web3 or Metaverse-focused projects, Shib’s Metaverse plans include selling virtual land or plots. The entire metaverse can be split into four districts - Growth District, Defense District, Technology District and Currencies District. These districts further have segregations from Tier 1 through 4, with the former being the most “rarest” and by extension the most expensive. After minting their lands using their SHIB tokens, investors can add logos, rename plots, and lease them, all of which will leverage the native altcoin and even burn it. The developers have further plans to integrate LEASH and BONE as the metaverse receives updates. Shiba Inu price readies for significant recovery Shiba Inu price created a range, extending from $0.0000114 to $0.0000143 as it rallied 35% between May 12 and 13. This run-up faced a sell-off and swept the range low to retest the $0.0000106 support level. Since then, SHIB has recovered into the said range and is aiming to continue this trend. Interested investors can wait for Shiba Inu price to retrace and retest the range low before triggering a 25% move to retest the $0.0000143 hurdle. While this move is impressive, this is not where SHIB will stop its journey, since the bulls are aiming for the $0.0000201 barrier, which was significant support for Shiba Inu price between January 22 and May 6. In total, this move would constitute a 75% gain and is likely where the upside is capped for the meme coin. SHIB/USDT 4-hour chart On the other hand, if Shiba Inu price fails to bounce off the range low at $0.0000114, it will indicate buying weakness. If this move breaks down the subsequent support level at $0.0000106 it will create a lower low and invalidate the bullish thesis. Such a development will open the path for bears to tank Shiba Inu price to $0.0000089. Where is Bitcoin price heading next? In the following video, FXStreet analysts evaluate Bitcoin price action to determine where it will go next and whether altcoins will move in the same direction:

Bitcoin jumped 7% on Monday, ending the day at around $31.2K. On Tuesday morning, positive momentum persisted, with the rate climbing above $32.0K, a 20-day high. Ethereum added 8.2%, while other top-ten altcoins gained between 4.9% (BNB) and 14.8% (Cardano). The total capitalisation of the crypto market, according to CoinMarketCap, rose 4.3% overnight to $1.31 trillion, with the Bitcoin Dominance Index rising 0.1 points to 46%. The Cryptocurrency Fear and Greed Index was up 6 points to 16 by Tuesday but still in “extreme fear”. Long-term? Due to the US bank holiday, markets were minimally active on Monday, but the momentum was on the plus side. The emerging rebound from the bottom may be self-sustaining at first, as many market participants believe that the crypto market has corrected enough to become attractive for long-term buying. Bank Of America And Crypto However, fundamentals such as halving, soft monetary policy or accelerated adoption are needed for growth to continue. But the latter is not easy right now. Bank of America CEO Brian Moynihan has stated that the bank has no plans to introduce cryptocurrencies in the foreseeable future because the industry is too strictly regulated. After the Terra project collapsed, CFTC Commissioner Caroline Pham compared investing in crypto-assets to buying lottery tickets, which can be expected to both win and lose. ETH With Bigger Market Capitalisation Than Bitcoin? Real Vision CEO Raoul Pal reiterated that in the long term, Ethereum, the leading smart contracts platform, will surpass bitcoin in terms of market capitalisation, trading volume and number of active wallets. SkyBridge Capital founder Anthony Scaramucci noted the interest of large investors in spot bitcoin ETFs and suggested they could be launched as early as this year. Payments service MoneyGram plans to launch Stablecoin transfer services in partnership with Stellar.

Summary: What is the Avalanche Platform and how does it work? Advantages of the Avalanche exchange. Avalanche’s past, present and future price positions. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The Avalanche Platform The Avalanche platform is extremely fast, low-cost and eco-friendly. The Avalanche platform is an open, programmable smart contracts planform for decentralised applications (DApps). The Avalanche cryptocurrency rivals Ethereum, and its native token is AVAX. Avalanche prioritises transaction speed and scalability. In addition, the Avalanche network is a proof-of-stake (PoS) network. The Avalanche platform was officially launched in september of 2020. The platform is built across three chains: the C-chain (contract chain) which hosts Avalanches DeFi ecosystem, X-chain (exchange chain) and P-chain (platform). Through the launching of Ethereum's decentralised applications, (which confirm and instantly process thousands of transactions per second, which is far ahead of any decentralised platform today) it is possible to build fast, low-cost solidity-compatible dApps. Avalanche has a maximum supply of 720 million AVAX tokens, with more than 271 million in circulation currently. Avalanche’s current market capitalisation is around $7.25 billion. It is possible to launch private and public customised blockchains; these blockchains can be deployed to fit users own personal needs, dictate how the blockchain should operate and build their own virtual machines. Users are able to scale to millions of validators even through using minimal hardware. Users can lock-up or stake their AVAX to help process transactions and further secure their platform (the security guarantees are well above the 51% standard). The hardware required to join the platform likely exists on your devices already. The Avalanche platform has strong, rigid competitors such as Ethereum, the validators on the platform must stake 2,000 AVAX, careless or malicious validators do not get penalised on this platform. Avalanches native token, AVAX AVAX is used to secure the Avalanche network, to act as a basic unit of account amongst the blockchains in the Avalanche network and to pay transaction processing fees. Avalanches transaction fees are burnt. The AVAX token is used in staking (pledging crypto), to participate in the validation process and to help secure the blockchain. Factors that make Avalanche unique: The rate of coin creation: Avalanche users decide how fast new coins are created. The users control the rate of coin creation by means of voting to change the amount of AVAX that is rewarded to those users who add new blocks to the Avalanche blockchain. Transaction fee structure: the transaction processing costs change depending on the type of transaction and Avalanches network congestion at the time. All fees are burned (removed from circulation) to enable AVAX to become more scarce over time. The AVAX transaction fees are changeable due to the fact that Avalanche users vote on the fee. Consensus mechanism: the transactions made on the Avalanche blockchain are confirmed through the use of a unique method that requires many small, random subsets of network participants in order to confirm transactions before they are finalised. Participation incentives: both high uptime and fast responses can boost the amount of AVAX rewards that a network participant can earn for processing AVAX transactions. Advantages of Avalanches platform: Fast transaction processing time. Reward structure incentivises participation. The avalanche platform is capable of supporting many blockchain-based projects. The randomness of the consensus mechanism makes it a secure cryptocurrency. Avalanche claims that its platform supports stronger safety measures, therefore making the blockchain less vulnerable than other blockchains. Where to buy AVAX There are currently many top exchanges where users can obtain AVAX, such as Binance, OKX, CoinTiger and FTX. Past, present and future prices of Avalanche After the launch of the Avalanche network, the price took a few months to take off, and has since seen quite a lot of volatility. The price rose substantially in the second half of 2021 but has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Avalanche falls under this category. According to some analysts the future price of AVAX could reach up to $268 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. AVAX Price Chart Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Sources: cryptonewsz.com, finance.yahoo.com, coindesk.com, investopedia.com, avax.network

Axie Infinity (AXS) has been increasing since May 28, moving upwards by 52% from its May lows.       AXS has been falling since reaching an all-time high price of $166.09 in Nov 2021.  The downward movement so far led to a low of $16.20 in May. The ensuing bounce (green icon) served to validate the $20 area as support. The area had previously not been reached since July 2021.       The entire downward movement was preceded by a sharp bearish divergence in the weekly RSI, whose trendline is still intact. Until this trendline is broken, the trend cannot be considered bullish. If the ongoing bounce continues, the closest resistance area would be at $50. AXS/USDT Chart By TradingView Double bottom leads to bounce Between May 12 and 20, AXS created a double bottom, which is considered a bullish pattern. In addition to this, the pattern was combined with bullish divergence in the RSI (green line). As a result, its significance is increased. Furthermore, the RSI has now moved above 50, another sign that the trend is bullish. As long as the trendline of the divergence is intact, it is likely that the upward movement will continue. If it does, the closest resistance levels would be between $39 and $46, the 0.382 to 0.5 Fib retracement resistance levels. AXS/USDT Chart By TradingView AXS wave count analysis Cryptocurrency trader @Mesni_burek tweeted a chart of AXS, stating that the price is correcting after completing a five-wave upward movement. Source: Twitter While it seems that the price has completed a five-wave upward movement since March 2021, the count for the drop is less certain. It is possible that the decrease is a completed A-B-C structure. But the B wave does not retrace enough relative to the A wave, and the C wave shows no relation to A.  AXS/USDT Chart By TradingView So, the alternative would be that the decrease is a completed five-wave downward movement.  While this would mean that AXS will eventually reach a lower low, the short-term movement would be the same, in which a significant bounce towards $74 would be expected. AXS/USDT Chart By TradingView For Be[in]Crypto’s latest bitcoin (BTC) analysis, click here Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto

Terra 2.0 launches with airdrop for previous Terra holders. Staking for ETH 2.0 reaches 10% of ETH circulating supply. Bitcoin Lightning Network’s capacity reaches new high at 3,900 BTC. Key Takeaways Terra was rebranded as Terra Classic (LUNC), while its hard fork Terra 2.0 (LUNA) commenced with an airdrop for previous holders. After peaking at $19.53, the new LUNA is trading at around $9.67 as of the time of writing. Ethereum (ETH) is preparing for the Merge, with 10% of its token’s circulating supply now being staked in ETH 2.0 and developers agree to delay the difficulty bomb by two to four months. The mining difficulty of Bitcoin (BTC) dropped by 4.3%, while the capacity of the Lightning Network reached an all-time high of 3,900 BTC. Cronos (CRO) reached 44.03M total transactions, an increase of +3.86% from last week. Highlights Ropsten Beacon Chain successfully launched OpenEthereum support ends with the Merge fast approaching Ethereum Beacon Chain experiences 7 block reorg: What’s going on? Ethereum miner tries to expedite testnet Merge by 2 weeks Optimism Foundation cracks down on airdrop farmers Avalanche’s new proposal wants ApeCoin on its subnet Hydropower plant in China’s Hubei province fined for powering crypto mining Cryptosat’s first nanosatellite blasts off Wednesday on SpaceX rocket Injective partners with Wormhole to bring 10 new blockchains to the platform Improving Bitcoin privacy with silent payments Frank McCourt, Gavin Wood team up to create new social media platform Layer 1 Project Metrics     Layer 2 Project Metrics     Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES LAYER 1 LAYER 2 Source: crypto.com

Summary: What is the Uniswap Protocol and how does it work? Advantages of the Uniswap exchange. Uniswap’s past, present and future price positions. Read next: Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie  Uniswap protocol Uniswap is an automated liquidity provider that operates on the Ethereum blockchain, Uniswap is also supposed to make it easier for users to exchange Ethereum (ERC-20) tokens. The Uniswap protocol does not have a central facilitator (intermediary) nor an orderbook, instead tokens are exchanged through liquidity pools that are defined by smart contracts. Uniswap is the largest decentralised exchange (DEX) on the Ethereum blockchain. It acts as a medium of exchange for people anywhere in the world wanting to trade cryptocurrencies without a need for an intermediary. UNI is Uniswaps governance token, owning these tokens allow users to vote on any key changes. Uniswap is also one of the largest cryptocurrencies on Coinbase, in terms of market capitalization. Uniswap was one of the first decentralised exchanges to gain any significant grip on Ethereum, and has remained one of the most popular ones. The current market capitalization of Uniswap is more than $4 billion, it has a maximum supply of 1 billion tokens and there are currently almost 719 million tokens currently in circulation. Uniswap is powered by the Automated Market Maker model, this works by users supplying Ethereum tokens to Uniswap’s liquidity pools, thereafter algorithms set market prices based on the laws of supply and demand. An Automated Market Maker model allows users to trade digital assets automatically and without permission through the use of liquidity pools instead of using a traditional market of buyers and sellers. By supplying tokens to the Uniswaps liquidity pools, users can earn rewards whilst simultaneously enabling peer-to-peer trading (users supply tokens to liquidity pools, create and list their own tokens or trade tokens). There are currently many tokens available on uniswap, and many are popular trading pairs, such as USDC. Security of Uniswaps protocol UNI is an ERC-20 token, which means it requires Ethereum to continue to function. ERC-20 defines a certain set of rules for tokens, as well as security considerations that are related mainly to the strength of the Ethereum network. Uniswap is secured by the Ethereum blockchain. Advantages of Uniswap protocol Self-governing: no funds are ever transferred to a third party, there is no counterparty risk because both parties are trading directly from their trading wallets. Global and permissionless: there are no restrictions or borders on who can trade on Uniswap. Anyone who has internet connection and a smartphone can participate. Thanks to its user-friendly design, the Uniswap platform is easy to use. No account sign up or personal details are required. It is possible to swap ERC-20 tokens on the Uniswap platform. It is fast to trade any digital assets compatible with Ethereum, and seeing as quite a few cryptocurrencies are created on Ethereum there are quite a few available for trading on this exchange. It is possible to earn interest on Uniswap by staking tokens, through staking cryptocurrencies into Uniswaps liquidity pools, users can become a liquidity provider. Uniwaps charges fees on each crypto trade, and distributes that fee amongst liquidity providers. Because to connect to Uniswap users need an Ethereum wallet, Uniswap indirectly offers cryptocurrency wallet support to all the wallets Ethereum supports. Factors that make Uniswap unique To enable community ownership over the Uniswap protocol in their path to complete the decentralisation process, Uniswap created the UNI token. In September of 2020, Uniswap released its UNI token, the token was released using a unique form of distribution, it “airdropped” 400 UNI tokens to each Ethereum address that had ever used the Uniswap protocol. Over 250,000 Ethereum addresses received the airdrop, which was worth almost $1,400 at the time. Buying Uniswaps UNI token Uniswaps UNI is available for trading on many of the larger exchanges against other cryptocurrencies, stablecoins, fiat currencies and more. Past, Present and future prices of UNI Since its launch in 2020, UNI has seen a lot of volatility. The first few months after launching, (beginning of 2021) the price began to rise, reaching above $40 per token by during the second quarter of 2021. Since its peak, the price of UNI has been on a steady trend downwards. It is now around the same level as when it launched. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, evidently, Uniswap falls under this category. According to some analysts the future price of UNI could reach up to $44 by 2027. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. UNI Price Chart Read next: Altcoins: Bitcoin Cash (BCH), What Is It - A Deeper Look Into Bitcoin Cash  Sources: finance.yahoo.com, coinmarketcap.com, coinbase.com, uniswap.org, fool.com, changelly.com

Golf Brand Callaway joins LinksDAO as equity investor. Free-to-mint Goblintown NFT collection is capturing millions in sales. ‘UFC x Gian Galang’ NFT collection available exclusively on Crypto.com NFT. Key Takeaways Non-fungible token (NFT) country club LinksDAO has brought Callaway Golf Company in on its quest to own and operate an actual golf course. Callaway is one of the largest golf equipment manufacturers and owner of driving-range game Topgolf. Mysterious free-to-mint Goblintown NFT collection is capturing millions in sales. The NFT project, consisting of 9,999 goblins, has recorded US$22.85 million in sales this week, surpassing Otherdeed’s US$20.73 million.  The Ultimate Fighting Championship presented the first-ever artist collaboration—the ‘UFC x Gian Galang’ collection. The debut collection, featuring Israel Adesanya, Valentina Shevchenko, and Conor McGregor, will be dropped exclusively on Crypto.com until 2 June. LooksRare recorded -11% and -33% decreases in sales and transactions, respectively. OpenSea‘s sales volume dropped by -15%, while its transaction count rose +17%. Crypto.com NFT in the Spotlight Sheepfarm in Meta-land: a P2E project built on the Klaytn network. It allows players to own metaverse pastures and run their own farm, from which they can profit by raising sheep. A total of 99 Aurora Boxes are being dropped on 1 June, each containing a redeemable NFT (redemption period will end on 1 July 2022). Crypto Ciber Pirates #3: the third and last drop of the “Crypto Ciber Pirates” collection, which includes headdresses and tattoos and will be launched on Tuesday, 7 June. Highlights NBA star Ben Simmons buys Otherdeed #19191 for 50 ETH Nigeria’s NFT marketplace Ayoken secures $1.4M to expand venture Prada joining top luxury brands in Web3 with Ethereum NFTs EuroLeague basketball dives deeper into Web3 with video NFTs Vitalik Buterin presents future of Ethereum and NFTs: introducing Soulbound tokens Moonbirds NFTs drained in US$1.5M phishing scam Thomas Edison inventions to become NFT collection ‘NFL Rivals’ – the upcoming American football NFT game How FanTiger plans to shake up the music industry through NFTs Hacker tastes own medicine as community gets back stolen NFTs Chinese stock image agency VCG tests NFT marketplace Aussie ‘Boy & Bear’ launch NFTs in collaboration with Amex  OpenSea redesigns parts of its NFT store as sales continue to slump Transaction Volume Benchmark     Top Collectibles     The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows the top upcoming NFT sales and a sample of their art. Project Name Sale Date Price Items Market Cap  Sample Martizens 15 June 2022 2.50 (ETH) 10,000 25,000 (ETH) Chilliens 23 June 2022 0.50 (SOL) 5,000 2,500 (SOL) Miningverse NFT 2 July 2022 0.25 (ETH) 10,000 2,500 (ETH) Naked Panda Crew 8 June 2022 1.80 (SOL) 3,888 6,998 (SOL) Pepe Frens 10 June 2022 200.00 (CRO) 750 150,000 (CRO) * Sources: Rarity Tools, Crypto.com Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art. Platform Artist Sales Volume (USD) Sample Crypto.com NFT Loaded Lions $334,800 Magic Eden Trippin’ Ape Tribe $7,470,426 OpenSea goblintown.wtf $22,972,950 Tags CRYPTO CRYPTO RESEARCH CRYPTO.COM RESEARCH CRYPTOCURRENCIES MARKET NFT UPDATE Source: crypto.com

Apecoin (APE) has been moving upwards since May 12 and has so far created one higher low in the process.   APE has been falling since reaching a high of $27.60 on April 28. Initially, the price bounced at the $14.70 horizontal area, seemingly validating it as support (green icon). But, the upward movement was unsuccessful and the price broke down the next day.        The breakdown was also combined with an RSI decrease below 50 (red icon). Such RSI movements are considered signs of bearish trends. As a result, an RSI increase above 50 would be required in order for the trend to be considered bullish. So far, the price has reached a low of $5.17 on May 11. It has increased slightly since and is currently trading at $6.70. APE/USDT Chart By TradingView Future movement Crypto trader @MTI_Trading tweeted a chart of APE, stating that despite the increase, the price is still facing significant resistance at $8. Source: Twitter A closer look at the six-hour chart shows that the price has been following a descending resistance line since May 9. The line rejected it on May 31. Additionally, APE has already created one higher low (green icon).  The main resistance area is between $7.70 and $8.30. This is the 0.5 – 0.618 Fib retracement resistance area. Additionally, it coincides with a horizontal area that previously acted as support. The area is now expected to act as resistance.  So, even if APE were to break out from the resistance line, there would be strong resistance all the way up to $8.30. The six-hour RSI is at 50, which is considered a neutral reading. So, it does not assist in determining if APE will break out or not. APE/USDT Chart By TradingView APE wave count analysis The downward movement since the April high resembles a five-wave decrease. So, it is possible that the ongoing bounce is part of an A-B-C corrective structure.  If so, the price could increase to $11, giving waves A:C a 1:1 ratio. Though, if this is the correct count, it would mean that another downward movement would eventually follow. APE/USDT Chart By TradingView For Be[in]Crypto’s previous bitcoin (BTC) analysis, click here Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto

Shiba Inu (SHIB) has increased by 30% since its May 12 bottom and created its first higher low in the process.   SHIB has been falling since reaching an all-time high price of $0.000088 on Oct 28. Initially, the price bounced at the $0.00002 horizontal area. This is an important level since it had previously acted as resistance during the May 2021 old all-time high.    While SHIB bounced at first, it eventually broke down in May. The $0.0002 area is now expected to provide resistance once more. Besides the breakdown, the RSI has also fallen below 50 (red icon), which is considered a sign of a bearish trend. If the downward movement continues, the next closest support area would be at $0.0000065. The area has not been reached since last Sept. SHIB/USDT Chart By TradingView SHIB double bottom The daily chart shows that in the period between May 12 and 29, the price created a double bottom. This is considered a bullish pattern, meaning that it often leads to bullish trend reversals.  Additionally, the pattern was combined with bullish divergence in the RSI (green line). This in turn makes the pattern more meaningful.  If the upward movement continues, the first significant resistance area would be at $0.000017, the 0.382 Fib retracement resistance level. SHIB/USDT Chart By TradingView Short-term breakout SHIB enthusiast and holder @army_shiba tweeted a chart which shows an ascending triangle. He suggested that the price could soon break out. Source: Twitter While it took longer than anticipated, SHIB did eventually break out on May 29 after creating a descending wedge. After the breakout, the price reached a high of $0.0000123 but was rejected by the $0.0000125 resistance area. If the price manages to reclaim this resistance area, it could continue increasing until $0.000014. This would take it to a horizontal resistance area that also coincides with the top of the wedge. SHIB/USDT Chart By TradingView For Be[in]Crypto’s previous bitcoin (BTC) analysis, click here Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto

With the Addition of New Cryptocurrencies, B2Broker Now Offers 150 Cryptocurrency CFD Pairs The B2Broker team is excited to announce the addition of new cryptocurrencies to its already impressive lineup. With 150 cryptocurrency CFD pairs now available, there are plenty of new coins to choose from, including FTT, MANA, AAVE, COMP, SNX, APE, QTUM, THETA, KSM, and YFI. All of these coins are paired with USD, so you can trade with confidence no matter which one you choose. Providing comprehensive services and instruments to our clients is always a top priority for B2Broker, and this expansion is yet another example of our dedication to meeting your needs. Adding new crypto pairs to our CFD instrument portfolio provides our clients with more opportunities to trade and take advantage of market conditions. These new pairs also offer the same high level of liquidity and tight spreads that our clients are used to, as well as a deep order book for added convenience. As a result of these additional pairs, we expect our clientele's market trading opportunities to be further expanded. We've reached a new milestone as a team, and we're proud to announce that we now offer 150 pairs of crypto CFDs. This is the best liquidity on the market, and our clients will benefit greatly from the new level of service. We're dedicated to providing the best possible service to every client, and we're grateful for your support. In the world of forex and crypto, B2Broker is a major player. The company has been around for eight years and counting, providing top-tier technology and liquidity solutions to clients of all sizes. Thanks to its sophisticated liquidity solution, B2Broker has become one of the most successful firms in the industry. Here at B2Broker, we're committed to providing our clients with the best technology and customer service available so they can reach their goals. Are you looking for a 24/7 solution in the cryptocurrency market? Our company offers 24-hour liquidity and support to our users, so you can always count on us. Whether your users are trading early in the morning or late at night, our support team will be there for you every step of the way. We continuously enhance our services to keep up with our clients' evolving needs, so you can be confident that we're always at the forefront of the industry. With our competitive and unique offers, we're sure that we can provide the best service for you. Contact us today to get started. In our latest video, B2Broker CEO Arthur Azizov and Head of the Dealing Division John Murillo provide an inside look at what we do at B2Broker and the value we bring to our clients. They also share their insights on the current state of the industry. Check it out now!  

Be[in]Crypto brings you an overview of this week’s price movements for bitcoin (BTC), gold, and our stock pick, GameStop.     BTC While an improvement over the prior two weeks, bitcoin has been struggling to maintain a $30,000 baseline. Trading just below $29,000 on May 19, BTC rose above $30,000 the next day, but swiftly returned below. Over the next two days it trickled upward, before accelerating up to $30,000 by May 24. Hitting resistance again, it dropped back down to $29,000 and failed to recover over the next few days, eventually slipping further down to $28,250 by May 27. While it rose a bit over the following days, BTC spiked on May 30, reaching $32,000 by May 31. Once again, BTC plummeted from there to $29,000 by June 2 and is now trading around $30,000.     Bitcoin’s rise to $32,000 was a result of markets responding to the relaxation of COVID-19 restrictions in China, in addition to the possibility that the Federal Reserve could loosen its hawkish stance later this year. “Bitcoin’s price action today is not entirely surprising,” said Joe DiPasquale, the CEO of crypto fund manager BitBull. “Not only is it facing pressure from traditional markets, it has also been struggling to breach the resistance zone between $31K-$32K, resulting in a breakdown from the range it set over the weekend.” GOLD The gold price has fared well over the past two weeks. Trading around $1,810 on May 19, it then shot up to $1,845 later that day, before rising even further to $1,865 by May 23. While sinking a bit from there, gold rose a bit higher by May 24 before sinking a bit back to $1,845. Over the next few days, gold reached $1,855, then dropped down further to $1,830 by June 1. However, over the past day, it has surged and is now trading around $1,865.  Gold prices rose yesterday bolstered by a dip in the dollar and data showing U.S. private payrolls rose less than expected last month. “[The job data] is really raising the recession concerns that have been brewing in the market and supporting gold,” said Ryan McKay, commodity strategist at TD Securities. According to ADP National Employment Report data, private payrolls rose by 128,000 jobs last month against a forecast for an increase of 300,000 jobs. GME GameStop shares have trickled down over the past two month, but have surged over the past week. At the beginning of April, GME dropped from $190, and had fallen to $140 by April 18. Despite a brief recovery, it continued to trickle down, hitting $115 by May 1. While maintaining around $120 the next few days, it continued to fall and hit $80 by May 11. It then shot up the next day to nearly $110 and traded between $100 and $90 until May 25. From there it shot up to nearly $150 on May 26, and while it has fallen a bit since then, it is currently trading around $135. During its latest financial results, GameStop reported sales of $1.378 billion, up from $1.277 billion during the same period last year. The company said that new and expanded brand relationships have helped boost sales, in what is likely a reference to its crypto efforts. CEO Matt Furlong said in the earnings call: “We firmly believe that digital assets are core to the future of gaming,” giving a clear indication that the company is going to double down on its digital assets strategy. GameStop will release its highly anticipated NFT marketplace in the second quarter of the year, which should inject a lot of life into the company’s business, having seen a resurgence since last year’s stock incident.  Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto

Summary: What is the Decentraland Platform and how does it work? Advantages of the Decentraland exchange. Decentraland’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM The Decentraland platform Decentraland defines itself as a virtual reality platform, it is powered by the Ethereum blockchain which allows its users to experience, create, and monetise applications and content. In this virtual world, users can buy plots of land and monetise them by navigating and building upon them. The Decentraland platform was launched in 2017 which came in the wake of a $24 million initial coin offering (ICO) and opened to the public in February 2020. Since the platform became available users have shown creativity by creating a wide range of on their plots of land using interactive experiences, including 3D scenes and interactive games. Decentraland was launched with the unique premise of offering users an entirely virtual world that they own, operate, and where they can trade. The platform is based on innovative blockchain architecture that uses virtual reality (VR) along with open-source technologies that empower its users. Decentraland uses two tokens, MANA and LAND. MANA is an ERC-20 token that requires being burned in order to gain non-fungible ERC-721 LAND tokens (NFTs). MANA tokens can be used by users to buy a range of wearables, avatars, names and more on the Decentraland marketplace. Key features and takeaways of Decentraland Decentraland is one of the top 100 cryptocurrencies in the world, and MANA, is one of the most popular cryptocurrencies in the market. Some of the features and key takeaways are: Re-create a free-market economy that is located in virtual space through the use of blockchain technology. The avatar passport is connected to a cryptocurrency wallet, however, it is not possible for users to upload 3D custom models as avatars on Decentraland. Users have the opportunity to build completed environments and scenes on the Decentraland platform, with the platform offering its users with a scene pool that contains various members' contributions. Tradeable real estate was one of the primary use cases for Decentraland. All items that are featured on Decentraland come with a pre-expiry date, therefore, are perishable. Decentraland’s Uniqueness The Decentraland platform was built to meet the needs of content creators, individuals and businesses who are looking for a new artistic medium, business opportunity or source of entertainment. The Decentraland gameword or the “Metaverse” is divided amongst 90,601 plots of LAND, each of which is represented by an ERC-721 non-fungible token. Each piece of land can be found in the metaverse using a specific coordinate. LAND holders are free to design their plots as they please, however, most of the Metaverse is divided into districts, each with a different theme and size. These districts were generated through individual crowdsales for the MANA tokens, and plots in this LAND are not tradeable. Decentraland is also one of the growing projects to use a decentralised autonomous organisation (DAO) governance decision structure. Therefore MANA token holders are in control of what happens in the Decentraland world through proposing and voting on policy changes, specifics on any LAND auctions and the type of content that is allowed with the Metaverse. In addition to being a creative outlet, often Decentraland users monetize their LAND through leasing, advertising and paid experiences. At the same time, other users generate an income by creating and selling items on the Decentraland marketplace in exchange for MANA tokens. Advantages of Decentralands Platform The Security Advisory Board (SAB) backs the Decentraland community governance. There is an option for users to auction NFTs and sell their LAND in exchange for MANA. Decentraland tokens have several use cases. The platform is being continually updated to ensure that there are new features being introduced to the protocol. Past, Present and Future Prices After the launch of the Decentraland network, the price took almost 3 years to take off, and has since risen quite substantially. The price rose substantially in the second half of 2021 and peaked at the start of 2022, however, has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Decentraland falls under this category. According to some analysts the future price of MANA could reach up to $22.9 by 2026 and almost $100 by 2031. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. MANA Price Chart Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Sources: finance.yahoo.com, capital.com, sashares.co.za, coinmarketcap.com, decentraland.org

Dogecoin price is struggling to break out but shows a decent probability of a bullish move. Investors should expect a volatile 18% move as on-chain metrics also suggest the same. A four-hour candlestick close below $0.076 will invalidate the bullish thesis. Dogecoin price continues to coil up, hinting that a volatile move is on its way soon. Adding evidence from on-chain metrics leans the scales favoring bulls. Dogecoin price and bullish narratives Dogecoin price shows a descending triangle formation by connecting the four lower highs and three equal lows formed since May 12 using trend lines. This technical formation forecasts an 18% move obtained by adding the distance between the first swing high and the swing low to the breakout point. While a descending triangle has a bearish bias, the recent recovery actually suggests a potential for bullish recovery. Adding credence to this outlook is that price has flipped the $0.082 resistance barrier into a support floor. Investors need to wait for a decisive four-hour candlestick close above $0.087 to confirm a bullish breakout. Once this development occurs, the theoretical target lies at $0.100, obtained by measuring the distance between the first swing high and swing low to the breakout point at $0.087. Despite a bullish breakout, DOGE needs to overcome the $0.093 hurdle to reach its theoretical target. In some cases, this move could extend to $0.101. Supporting this bullish outlook for Dogecoin price is the increase in the number of addresses holding DOGE for more than a year. The count of these market participants has increased from 1.74 million on May 8 to 2.49M as of June 5. This 43% spike in long-term investors indicates that these buyers are confident in the bullish performance of the Dogecoin price. Regardless of the bullish technicals and on-chain metrics, a correction or sell-off in Bitcoin price could stop or hinder bulls’ plans dead in their tracks. Investors need to be cautious about a sudden reversal in Dogecoin price that produces a four-hour candlestick close below $0.076. Such a move would constitute a bearish breakout from the descending triangle and invalidate the bullish thesis. In such a case, the theoretical forecasts reveal an 18% crash to the $0.062 support floor.  

Looking at the Bitcoin quotes, we notice that the exchange rate of the oldest virtual currency has been in the horizontal trend for four weeks between the technical support of $28,500 and the resistance in the region of $32,000. Even though we observed quite a clear upward rebound at the beginning of the new week, in practice, it does not change anything at all - no key level of resistance was broken. From a technical point of view, Bitcoin continues to consolidate, which is a form of correction after previous declines. Due to this fact, the potential for short-term increases remains quite limited. Bitcoin may limit its appreciation to a region of technical resistance of $32,000. In practice, only a permanent break above this level could open the door to higher gains in the area of ​​$34,500 or even $36,900. While the market stays inside the consolidation, the breakout is statistically more likely to be low, which would mean a further decline to around $24,000 or even further toward $20,000. Looking at the Ethereum quotes, we notice that the price of this cryptocurrency has been moving inside a parallel downward channel for nearly four weeks. Although the recent sell-off has already halted around the horizontal support of $1720 and therefore did not re-test the bottom-end of the pattern, increases since last Saturday could soon re-test the downward trend line at the top of the set. However, suppose supply pressure reappears around this resistance. This barrier could be rejected again, naturally supporting a fallback to $1720 or even further to $1600, where the channel's lower boundary trend line runs. Looking at the Litecoin quotes, the price of this cryptocurrency fell between 30 March and 12 May 2022 by over 61%, increasing ongoing depreciation to almost 83%. In turn, counting from the historic peaks in May 2021, the LTC price has dropped by over 87%. Such a significant sale meant that on 12 May this year, LTC costs only $52, which was the lowest price level since November 2020. The demand reaction that appeared around this support turned out to be very small concerning the dynamics of the previous downward movement. The consolidation observed for almost four weeks may be only another temporary correction in the downward trend. The LTC rate will return downward, slipping towards $50 or even $39. Nevertheless, in the context of the short-term outlook, there are some indications of a potential for slight increases. The rebound observed on Monday morning led to the defeat of local resistance in $64,50. This fact means that soon we could expect a continuation of this trend towards $69,50, or even further towards $74. We could also expect a short-term continuation of Avalanche (AVAX) trading gains. The exchange rate of this cryptocurrency broke on Monday morning above the downward trend line, which is the upper limit of the downward channel, which may naturally drive a further increase towards the next resistance. This one, however, is very close, already in the vicinity of $28,50. The nearest resistance has been tested recently, from the top (as a support) and the bottom (as a resistance). Moreover, this level coincides with the so-called The Golden Ratio, i.e. measuring 61.8% Fibonacci retracements from the earlier downward move, which may determine the emergence of more significant supply pressure in his area, which in turn could drive further declines. Watch full analysis here: https://youtu.be/yqOXmdSqL50 It’s finally time to get down to business. Start serious trading with Geco.one - top 20 cryptocurrencies, 1:100 leverage, staking, low fees, intuitive design, no KYC. Trading on derivatives has never been easier. Join us https://app.geco.one

Summary: What is the Algorand Platform and how does it work? Advantages of the Algorand exchange. Algorand’s past, present and future price positions. Read next: Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform  Algorand Platform Algorand is a self-sustaining, decentralised, block-chain based network which supports many applications. The aforementioned systems are scalable, efficient and secure, all of which are critical for effective applications in the real world. In addition, Algorand supports computations that require reliable performance guarantees in order to create new forms of trust. Algorand claims to be the world’s most “decentralised, scalable, and secure blockchain infrastructure”. The Algorand platform is sustainable and is powering economic models of the future through generative NFT art (and everything that comes in between) and decentralised finance (DeFi). The Algorand platform is releasing scalability through the use of fusing TradFi and DeFi, and accelerating sustainability globally. Algorands mainnet went live in June 2019, and was able to process almost 1 million transactions per day as of December 2020. Algorand defines their mission as: creating global trust through the use of decentralisation, using simple designs that helps drive platform adoption and a platform that rids all barriers to prosperity for all. Algorand was created to improve efficiency and to speed up transactions, in response to the slower transaction times of Bitcoin and other blockchains. Algorand is designed with lower transaction fees and no mining, as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol. Algorand was the first ever permissionless proof-of-stake (PoS) protocol on the blockchain and its performance is nothing short of phenomenal. The platform is a smart contract platform that is similar to Ethereum, but has some key differences that make it more advantageous. Smart contracts allow economic disruptions and the creation of new business models across different industries with efficient and automated transactions and applications, allowing for a trustless execution of an agreement. ALGO is Algorands native token, it is also a cornerstone of its network structure. Another part of Algorand’s unique protocol design, the rewards that are paid to validators for producing blocks are paid to all ALGO holders, instead of only to the block producers. Thus, all ALGO coin holders can earn around 7.5% annual percentage yield from February 2021. There is currently a circulating supply of 6.9 billion ALGO, with a maximum supply of 10 billion. The current market capitalisation is more than $2.8 billion. Advantages of the Algorand platform Every token holder who has at least 1 ALGO token in their account can choose to participate, if they choose to participate they can be either randomly selected or selected to propose and add new blocks to the chain. The more one token holds, the more likely it is to be chosen to vote. If users wish to participate in a consensus, they only need to keep their ALGOs in their official wallets and declare their availability through a transaction, which is otherwise known as “Going Online” The proof-of-stake consensus used by Algorand and its advantages: makes it extremely safe due to the fact that a hacker is unable to see which block is beforehand, thus, making it impossible to trace and hack. It promotes decentralisation, due to it not needing any complex calculations, anyone is able to participate in the consensus process without needing any special equipment or high energy usage. The transaction takes around 5 seconds and has a fee of less than $0.001, it is both faster and cheaper than some other blockchains. Past, present and future prices of Algorand (ALGO) After the launch of the Algorand network, the price took off almost immediately, however, the spike in price was followed by a substantial fall. Since then the price took some time to rise again. The price rose substantially again towards the end of 2021 and peaked at the start of 2022, however, has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Algorand falls under this category. According to some analysts the future price of ALGO could reach up to $5.2 by 2026 and almost $30 by 2031. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ALGO Price Chart Read next: Altcoins: Uniswap Protocol (UNI), What Is it? - A Deeper Look Into The Uniswap Protocol  Sources: finance.yahoo.com, gemini.com, algorand.com, coinmarketcap.com

Bitcoin rose 4.9% on Monday, ending at around $31.5K. However, on Tuesday morning, the first cryptocurrency collapsed 7% to $29.5K, the second such bear attack in the past seven days. Both were of similar magnitude, but the latter should have a more considerable negative effect. It more than offset Monday's gains and temporarily brought the price back to levels from May 30. The BTCUSD consolidation has been going on for more than a month. Earlier it was formed as a triangle with decreasing amplitude of fluctuations, but since the end of last month, it became more like a sideways pattern, from which it makes several failed attempts to break upwards. The market dynamics this Tuesday morning are a reminder that the market cannot now rally again as it did in 2020. Bitcoin's prolonged sideways slide is turning current prices into the norm, although current levels seemed like a good buy for the long term two months ago. 2018 and 2019 teach us that such consolidations can last for months and often lead to new selloffs from frustrated fast earners. In our view, the bitcoin bear market is not over yet, although it has made a significant part of its way down. The market is full of rumours that short-term buyers have already capitulated, backed up by Kathy Wood. But the whole bear market rarely ends at this phase. Far more often, a bull market begins when medium-term investors and even some long-term investors capitulate, bringing stressed market professionals into play. It is unlikely to reach this point before the price returns to the highs of 2017. Bitcoin's short-term volatility is irrelevant, MicroStrategy CEO Michael Saylor said. He said BTC is the surest thing in a very volatile world and is more suited to long-term investment rather than trading. According to a survey by The Economist, 37% of respondents in the world's leading economies are interested in having their governments adopt cryptocurrencies as legal tender.

Summary: What is the NEM Platform and how does it work? Advantages of the NEM exchange. NEM’s past, present and future price positions. Read next: Altcoins: Algorand (ALGO), What Is It? - A Deeper Look Into The Algorand Platform  The NEM Platform NEM or “New Economy Movement”, aims to provide a more efficient way to move blockchain assets and verify them for enterprise-level clientele. To this extent, the company functions as a sort of missing link between the public and private blockchains through connecting this network in ways that expand usability. Due to its unique business strategy and versatility, The NEM blockchain continuously sees growing interests. Using this new-era blockchain, it is easier for users to manage their assets and data. The blockchain has earned the nickname “Smart Asset Blockchain.” The NEM blockchain was launched in March of 2015. It was one of the more exploratory cryptocurrencies at the time, and aimed to improve on the inefficiencies of other blockchains at the time. NEM’s PoI consensus The NEM platform introduces a new consensus mechanism to the market, the Proof-of-Importance (PoI), this new consensus takes into account the time and amount of money users have invested in the NEM network. The Proof-of-Importance algorithm has the requirement that a user has more than 10,000 XEM vested in the system in order to generate new blocks. Users that are able to add new blocks to the NEM blockchain receive rewards and a portion of the transaction fees generated. The Proof-of-Importance network also rewards users for trading with other users in the NEM network. This information is taken by the Proof-of-Importance algorithm and is used to boost the users Proof-of-Importance score, every user has a PoI score, which is based on their overall participation and contribution. The Proof-of-Importance consensus mechanism has another crucial element attached to it, the harvesting protocol. This coding links the users accounts to an existing supernode, which are the backbone of the NEM system. Linked accounts allow these supernodes to utilize a strengthened Proof-of-Importance to increase the users’ chances of blockchain generation. Supernodes borrow a users Proof-of-Importance score linked to their account to complete blocks on the users behalf. This ensures the NEM remains secure without requiring all users to exert effort. Advantages of this harvesting protocol: Improved efficiency: Eigentrust++ is used by the NEM platform in order to maintain the reputational architecture of the Proof-of-Importance consensus. The protocol is able to monitor network nodes accurately to ensure only quality contributing nodes are part of the consensus system. The system removes any unused nodes on its own. Namespaces: NEM brings the concept of namespace into blockchain, which functions similarly to domain names that are on the internet, users are able to create and manage their own names on the NEM blockchain. This provides improved flexibility for both businesses and users. Multisignature transactions: this advantage is huge for the enterprise-level clientele. These users provide the admin with the ability to expand and monitor the network in order to meet the firm's needs. NEM makes it more simple for companies to monitor an accounts activity, create new tokens and control assets, such as XEM, from one account. Advantages of the NEM platform The platform is vital to mainstream adoption because it links some of the world's best blockchains. The firm’s focus is placed largely on large businesses which makes it an important cog in the gears of growth. The platform is packed with an API interface in order to maintain and keep agile and keep achieving market growth. The NEM users are able to customize how they allow the use and access of NEM. Open and self-scaling framework, which enables developers to distribute, trade cryptocurrencies through the NEM blockchain and create them easily. Past, present and future prices of NEM (XEM) After the launch of the NEM network, the price took off almost immediately, however, the spike in price was followed by a substantial fall. Since then the price took some time to rise again. The price began to rise again toward the end of 2020 and spiked again during the first half of 2021, however, has since fallen consistently to date. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, NEM falls under this category. According to some analysts the future price of XEM could reach up to $0.25 by 2026 and almost $1.26 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. XEM Price Chart Read next: Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform  Sources: finance.yahoo.com, cryptopolitan.com, securities.io, coinmarketcap.com, helsinkitimes.com

Summary:  In August, Ethereum’s transition from proof-of-work to proof-of-stake known as the merge is expected to take place, and the first public test of the merge is set to occur tomorrow. The merge might be one of the most influential events in the history of crypto by impacting Ethereum both technically and economically. We look into the ways that the merge changes Ethereum. Since releasing the first Ethereum whitepaper in 2014, Ethereum’s developers have explicitly mentioned their desire to eventually adapt proof-of-stake instead of proof-of-work, but due to technical difficulties, it has not previously been feasible. Yet, Ethereum’s transition from proof-of-work to proof-of-stake - known as “the merge” - is now closer than ever. On the 8th of June, the first public test of the merge is set to occur subsequent to seven other minor tests. On this day, the existing test network Ropsten is set to perform a merge. If the Ropsten merge is successful, Ethereum will merge two other existing test networks, ahead of the actual merge. With this knowledge and insight from the Ethereum Foundation, it seems reasonable to consider that the merge will take place in August, considering that the tests turn out well. With the merge taking place in the near future, we look at the ways it changes Ethereum both technically and economically. From miners to stakers The most substantial change is the transition from proof-of-work to proof-of-stake, fundamentally changing by what method the network verifies transactions. Instead of tremendous computing power put at the network’s disposal by miners, holders of Ether are those to verify transactions. This means that holders have the option to lock their Ether as collateral to be able to verify transactions, in other words, stake their Ether. In return, they receive the transaction fees alongside the security cost. The latter is the newly issued Ether to financially encourage miners at this point in time, but it later goes to stakers for verify transactions. With proof-of-stake, the main security feature is that stakers can be slashed. In case the network determines that a staker has behaved unethically, for instance, tried to reverse transactions, the network can take some or all of their staked Ether. More environmentally friendly When adapting proof-of-stake, Ethereum reduces its energy consumption by around 99.95%. To understand why we must again consider the differences between the consensus mechanisms. With respect to Ethereum, a new block is currently finalized around every 13th second. In these 13 seconds, every miner fights to be the one to finalize the block. This involves applying computing power and thus requires electricity. However, in the end, it is solely one miner that finalizes the block and verifies the transactions, even though other miners have spent a tremendous amount of energy on the same block. In terms of proof-of-stake, one validator is randomly chosen to finalize a block based on one’s amount of Ether staked. This happens prior to the block, so no other staker is trying to finalize the same block, ultimately reducing Ethereum’s energy consumption by around 99.95%. Improved and fairer economics Because the energy required to verify transactions on Ethereum drastically decreases, the security cost can likewise decline massively. With proof-of-work, Ethereum’s security cost amounts to around 5.4mn Ether yearly. This means that 5.4mn new Ether gets issued yearly to the present supply of around 120mn Ether to encourage miners to verify transactions. At the time of the merge, the security cost declines to around 0.5mn Ether yearly being compensated to stakers. This is an extensive reduction in the inflation of Ethereum, which might even make Ethereum deflationary since the paid transaction costs are expected to outpace Ethereum’s security cost. With respect to transaction fees, a substantial part of these get burned, hence removed from the supply. Over time this might result in a supply shock because the market is used to absorbing 5.4mn newly issued Ether yearly but suddenly only around 0.5mn Ether is to be issued.One might also argue that proof-of-stake is economically fairer for holders of Ethereum than proof-of-work. With proof-of-work, you can technically verify transactions without holding Ether as long as you invest heavily in computing power. This means that holders are not compensated for the inflation and transaction fees, effectively diluting them. In the case of proof-of-stake, stakers are compensated fairly for the inflation and transaction fees. Not significantly more scalable, though By default, the merge does not make Ethereum significantly more scalable. If the merge turns out well, the merge decreases the block size from around 13 to 12 seconds but maintains the same block size. This ultimately leads to an increase in transactional output of 7.5% but not much more than that. Based on the present schedule, Ethereum will first significantly improve scalability sometime in 2023. It is intended that shard chains get implemented around here, which will massively improve Ethereum’s scalability and possibly require even less hardware to verify transactions. 12.8mn Ether to be unlocked later On December 1st, 2020, the proof-of-stake version of Ethereum went live, known as the Beacon Chain. The Beacon Chain is technically the one to be merged with proof-of-work based Ethereum when the merge occurs. The Beacon Chain has been finalizing empty blocks since it went live to ensure that it works as intended. To verify these blocks, Ethereum holders have been able to stake Ether on the Beacon Chain. Over 10% of the total supply of Ether, around 12.8mn Ether, is now staked on the Beacon Chain.However, by staking Ether on the Beacon Chain, the Ether has been locked. It was originally planned to unlock the staked Ether when the merge occurs, but to simplify the merge from a technical point of view, Ethereum’s developers have chosen not to unlock the staked funds at the time of the merge. The unlocking will likely follow 6 months after the merge, in which the 12.8mn Ether alongside the afterward staked Ether will be unlocked. The compensated security cost and transaction fees to stakers are likewise locked in these months. This means that presumably until next year no newly issued Ether nor transaction fees are expected to hit the circulating supply, potentially limiting selling pressure. On the other hand, when the staked Ether is unlocked, which is not unlikely to be above 15mn Ether at that time, it might result in severe selling pressure. More of the same The merge will not impact Ethereum by other substantial means. First, it is not planned to impact or require holders of Ether to take an active stance. The merge will occur without them noticing. Secondly, it should not influence tokens or decentralized applications presently utilizing Ethereum. This means that deployed tokens and smart contracts on Ethereum are planned to work like before the merge.Although Ethereum’s developers have worked on the merge for years, it can turn out bad or be further delayed. Just like everything else in crypto, there are simply no guarantees.   Source: What you need to know about the Ethereum merge | Saxo Group (home.saxo)

How could a Bitcoin code change impact the environment? And more importantly: What is needed to do this type of change and actually succeed? 00:00 Intro 00:24 Preview 00:50 Bitcoin 07:20 Ethereum 10:58 Solana 13:10 MoneyGram & Stellar Lumens 16:05 Algorand 17:29 Polkadot 18:59 Play 2 Earn Axie Infinity 20:51 Good bye & subscribe _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

Solana halted due to a bug. 1.4M addresses hold at least 1 ETH. Optimism’s airdrop hit turbulence. Key Takeaways The Solana (SOL) network was halted for four hours due to a bug related to durable nonce transactions. Despite this recent stoppage, Alchemy announced support for Web3 application development for Solana-based apps. Ethereum (ETH) adoption and accumulation grows ahead of the Merge, with 1.4M addresses holding at least 1 ETH. Optimism (OP) experienced a turbulent airdrop but earned Vitalik’s support for its new governance structure. Cronos (CRO) reached 45.09M total transactions, increasing +2.40% from last week. Highlights Terra confirms that some users received less LUNA than expected from the airdrop and is working on a solution Balancer launches on Ethereum Layer 2 network Optimism (OP) The Graph (GRT) poised to expand to Arbitrum in Layer 2 win Middle East oil producers move into Bitcoin mining with Crusoe Energy stakes Kenya’s largest power provider to offer geothermal energy to Bitcoin miners Ooki 2.0 is live on Ethereum with the latest features previously enabled on Layer 2 deployments Bifrost wins 18th Polkadot (DOT) ‘parachain’ slot to bring cross-chain liquid staking to PoS chains Cardano (ADA) users to explore Djed stablecoin trial on EVM sidechain: Details Zcash nixes trusted setup, enters new era with major network update LUNA 2.0 stakers to decide on future of Luna Classic (LUNC) and re-enable IBC Layer 1 Project Metrics     Layer 2 Project Metrics     Tags APECOIN CRYPTOSAT ETHEREUM BEACON CHAIN FRANK MCCOURT GAVIN WOOD HUBEI INJECTIVE LUNC OPENETHEREUM OPTIMISM FOUNDATION ROPSTEN BEACON CHAIN SILENT PAYMENTS TERRA CLASSIC WORMHOLE

Relevance up to 17:00 2022-06-08 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Technical analysis: BTC has been trading downside today and I found the brekaout of the rising trend line, which is good sign for further downside movement. Trading recommendation: Due to the downside fresh move today, I see potential for the downside continuation. Watch for potential selling opportunities in case of the breakout of the pivot support at 29.300. MACD is showing neutral reading, which is sign of indecision. Key short-term resistance is set at $32.400 Read more: https://www.instaforex.eu/forex_analysis/279157   Read more: https://www.instaforex.eu/forex_analysis/279157

Summary: What is the ZCash Platform and how does it work? Advantages of the ZCash exchange. ZCash’s past, present and future price positions. Read next: Altcoins: NEM (XEM) What Is It? - A Deeper Look Into The NEM Platform  The ZCash Platform ZCash is a decentralised cryptocurrency that places its focus on anonymity and privacy. The ZCash exchange uses the zero-knowledge (zk-SNARK) proof of technology, which allows the nodes on the network to verify transactions without revealing any sensitive information regarding those transactions. Although making transactions on the ZCash platform still requires being relayed through a public blockchain, ZCash does not reveal the receiving and sending addresses or the amount being transacted. However, if desired by the user, this information can be revealed on request for auditing or regulatory compliance needs. ZCash was first released in October of 2016, and was originally based on the Bitcoins (BTC) codebase. ZCash has four types of transactions, Public (t-to-t): occurs between two transparent addresses. Shielding (t-to-z): occurs between a t-address(sender) and a z-address (receiver), transaction is private on the z-address but public on the t-address. Deshielding: (z-to-t): occurs from t-address to z-address, the transaction is private on the z-address but public on the t-address. Private (z-to-z): occurs between a t-address and a z-address, all aspects of the transaction are not visible to the public, only recording that a transaction did occur. All transactions of Zcash are recorded on the Zcash blockchain. Zcash can be purchased on cryptocurrency exchanges and stored in a Zcash wallet or any other regulated exchange crypto wallet. The current market valuation for ZEC is more than $1.325 billion, with a circulating supply of more than 14.5 million ZEC and a maximum supply of 21 million ZEC tokens. The funding of new ZECs is done through “block rewards”, this means that when a new block is mined, it is added to the end of the blockchain, thereafter, coins are minted and split in a 80:20 ratio, 20% into a founders reward and 80% into a miners reward. As the maximum limit of 21 million ZEC is being approached, the block reward is halved after every four years in an attempt to slow the issuance rate. ZCash uniqueness One of the main advantages of the ZCash platform is its optional anonymity, which gives ZCash a level of privacy that is unattainable with regular, pseudonymous cryptocurrencies, like Ethereum or Bitcoin. ZCash transactions can be sent in 2 ways, either shielded or transparent. The transparent transactions work in pretty much the same way as in Bitcoin, whose codebase ZCash was based on originally, the transactions are sent between public addresses and thereafter are recorded in a public ledger (the blockchain). All information that is essential is available online for anyone to see, this includes the amount that was sent and both the sending and receiving addresses. The transparent transactions don’t directly reveal user identities, the only identifiers an outsider to the platform are the public addresses. Shielded ZCash transactions leverage the zero-knowledge technology condensed non-interactive knowledge arguments, zk-SNARKs, this technology allows the anonymity of transactions over a public blockchain. The fact that the transaction has occurred is recorded in the ledger, but the amount, sending and receiving addresses are not revealed to the public. Therefore ZCash users can enjoy a decentralised, permissionless currency whilst maintaining their right to privacy. Advantages of the ZCash Platform Low-rate transactions. The anonymity of users’ transactions metadata. Selective disclosure of payment data to a third party. Transaction expiration. Multi-signature transactions Past, present and future prices of ZCash (ZEC) After the launch of the ZEC network, the price took off almost immediately, however, the spike in price was followed by a gradual but substantial fall. Since then the price took some time to rise again. The price began to rise again toward the middle of 2021 and spiked again during both the first and the second half of 2021, and has since seen quite a lot of volatility. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ZCash falls under this category. According to some analysts the future price of ZEC could reach up to $520 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ZEC Price Chart Read next: Altcoins: Algorand (ALGO), What Is It? - A Deeper Look Into The Algorand Platform  Sources: finance.yahoo.com, coinmarketcap.com, cryptonewsz.com, corporatefinanceinstitute.com

Summary: What is the Axie Infinity Platform and how does it work? Advantages of the Axie Infinity exchange. Axie Infinity’s past, present and future price positions. Read next: Altcoins: ZCash (ZEC), What Is It? - A Deeper Look Into The ZCash Platform  The Axie Infinity Platform Axie infinity is a trading battling game that is block-chain based and is partly owned and partly operated by its players. The Axie Infinity platform was inspired by popular games such as Tamagochi and Pokemon, and allows users to breed, raise, collect, battle and trade token-based creatures that are called Axies. The Axie Infinity platform is Ethereum based. These Axies can take various forms, and there are more than 500 different body parts that are available on the platform. Each different part comes with a different rarity scale, from common, rare, ultra-rare and legendary. Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) each with different strengths and attributes and can be entered into 3v3 battles with the winning team earning more experience (exp) points, these experience points can be used to level up the stats or evolve the body parts of an Axie. These Axie’s can be bred together to create new and unique offspring, which can either be used or sold in the Axie marketplace. The Axie Infinity ecosystem also has their own unique governance token called the Axie Infinity Shards (AXS). These AXS are used in key governance votes and allow users an opportunity to have a say in how the funds in the Community Treasury are spent. Axie Infinity Shards (AXS) Axie Infinity describes their Axie Infinity Shards (AXS) as “the glue that binds all Axie community members together. AXS holders are able to claim rewards if they stake their tokens, participate in key governance votes and play the game. Players are also able to earn $AXS when they play different games within the Axie Infinity universe and through user generated content initiatives. Axie infinity also allows staking, players are able to lock up their tokens to receive AXS that have been newly created. Stakers are also required to vote and play to claim rewards. AXS is also accepted as a form of payment within the Axie Infinity Marketplace. AXS may also be used to determine eligibility for sales/auction participation conducted by the Axie team. In early 2021, the community treasury went live, and began to receive revenues that were generated by Axie Infinity as well as a portion of staking rewards. This treasury is governed by the AXS stakers once the network has become decentralised sufficiently. Axie Infinity (AXS) has a current circulating supply of more than 63.5 million AXS, with a maximum supply of 270 million tokens. The current market capitalisation of AXS is more than $1.25 billion. Advantages of the Axie Infinity Platform Gameplay based on trading and battling: The Axie infinity game’s graphical user interface and its general appealing appearance and feel are actually quite simplistic. The play-to-earn feature gives it the upper hand and makes it an appealing game title. Players can earn the Ethereum-based tokens AXS by fighting or breeding Axies, which can then be exchanged into Ether and utilised as real-world money. Axies are NFT’s: When a player owns numerous Axies, it is the equivalent of he or she is effectively owning a collection of digital goods with real monetary worth. These Axies can be bought and sold on the open market. Complexity and future development: the game is difficult and is constantly being developed. Runs on Desktop and mobile operating systems, Axie Infinity is compatible with most desktop and mobile operating systems (Android and IOS). The video games cross-platform blockchain interoperability makes Axie Infinity accessible to a wide range of people, thus, allowing it to draw more players and extend future growth possibilities. Play-to-earn and the blockchain economy. Past, present and future prices for Axie Infinity (AXS) After the launch of the Axie Infinity network, the price took almost 6 months to take off, the spike in price that occurred in 2021 saw the price go above $125, and was followed by a gradual but substantial fall. Since then the price has not risen noticeably again. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Axie Infinity falls under this category. According to some analysts the future price of Axie Infinity (AXS) could reach up to $89 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. AXS Price Chart Sources: coinmarketcap.com, finance.yahoo.com, axieinfinity.com, cryptonewsz.com, analyticssteps.com

Relevance up to 14:00 2022-06-10 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Crypto Industry News: While New York State is pushing through a bill that will ban Proof of Work mining, members of the crypto community are voicing their opposition via social media. Jake Chervinsky, head of policy at the Blockchain Association, explained in a Twitter thread that the move would not "reduce carbon emissions" at all. According to Chervinsky, the mining ban will force New York miners to operate elsewhere where the state has no control over them. Chervinsky hopes New York Governor Kathy Hochul will veto the bill "for the sake of New York." The lawyer noted that the move sends a message that "crypto is not in a welcome state". Chervinsky added that if the law was implemented, it would be a political mistake on the part of the world's financial capital. In addition to Chervinsky, this was opposed by US Senatorial candidate Bruce Fenton. In a tweet, he said governments have no right to control the specific software that citizens use. He noted that "code is speech," implying that the ban is a movement against freedom of speech. Ethereum founder Vitalik Buterin also agreed with Fenton. Sharing his thoughts on the subject, Buterin said the government should not decide which uses are "okay" for electricity. He suggested introducing carbon prices. On June 3, a bill to ban mining was approved by the New York State Senate. After approval by the governor, the law will ban mining in the state and make it difficult to renew previously issued cryptocurrency mining permits. Technical Market Outlook: The range bounded trading conditions are still being developed on the BTC/USD pair, full of fake-outs and blow-outs and false movements. The market participants has still not decided whether the down trend should be continued or terminated and keep trading in a narrow range between the levels of $32,892 - $28,741. The first indication of the deeper correction would be a clear breakout above the range high located at the level of $32,892, however all the current attempts to rally are being faded and the Pin Bar candlesticks inside the range zone are present already.     Weekly Pivot Points: WR3 - $34,666 WR2 - $33,580 WR1 - $31,452 Weekly Pivot - $30,233 WS1 - $28,222 WS2 - $27,019 WS3 - $24,877 Trading Outlook: The down trend on the H4, Daily and Weekly time frames continues. So far every bounce and attempt to rally is being used to sell Bitcoin for a better price by the market participants, so the bearish pressure is still high. The key long term technical support is seen at the round psychological level of $20,000.   Read more: https://www.instaforex.eu/forex_analysis/279285

Bitcoin was down 0.3% on Thursday, continuing to hover around $30K. This mild decline was a bonus of last month's loss of correlation between the cryptocurrency and stock markets. Ethereum lost 0.4%, settling near $1800. Other top-10 altcoins showed mixed dynamics, ranging from a 2.5% decline (Cardano) to a 3.6% rise (Solana). Financial market veteran Peter Brandt believes Ethereum is in a downward triangle and could fall to $1268 within a month. The total capitalisation of the crypto market, according to CoinMarketCap, fell 0.2% overnight to $1.24 trillion. The cryptocurrency fear and greed index were up 2 points to 13 by Friday and remains in "extreme fear" mode. Bitcoin has crossed the $30K mark almost daily over the past month, with no significant preponderance of buyers or sellers to form a clear trend. Generally, the correlation gap between cryptocurrencies and stock markets is long-term good news as it attracts the attention of professional investors. Weakness in equity and bond markets, sagging gold and the murky outlook for the real estate market are turning their eyes to cryptocurrencies as another tool in a diversified portfolio. CNBC's Mad Money host Jim Cramer has changed his mind about investing in cryptocurrencies, calling BTC and ETH the best long-term investments. However, they should not account for more than 5% of a portfolio. PwC, an audit firm, reported that most hedge funds invest less than 1% of their assets in cryptocurrencies because of regulatory uncertainty in the industry. According to a Deloitte survey, 75% of US retailers will implement support for cryptocurrency payments within two years. USDT, the world's most prominent staple by market capitalisation, will be available on the Tezos blockchain powered by the Proof-of-Stake consensus mechanism. The USDT ecosystem is now open on 12 networks, including Ethereum, Solana, Polygon, Tron and Algorand.

Summary: A summary of SHIB, $KISHU, STC, XCH, SFM Meme coins, Decentralised Finance, Platforms. Proof of work, proof of space and time. Shiba INU, the meme coin platform. SHIBA INU is a type of meme token. The platform is named after the japanese dog breed who has the same name. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu is a decentralised cryptocurrency, it runs on the Ethereum blockchain, giving the token the same functionality and safety of the Ethereum platform. ShibaSwap is Shiba Inu’s own decentralised platform for trading tokens. Shiboshis is Shiba Inu’s own non-fungible token (NFT), an NFT ownership basically means that when an investor buys an NFT they get to say they have ownership rights of an original copy of a digital file. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Read more on Shiba INU here: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns  The Kishu Coin Platform. $Kishu, is a decentralised meme-coin that is community-focused, active users of the coin receive instant rewards. When users make a Kishu transaction, they receive a 2% reward in a decentralised wallet, thus, the more KISHU is used, the more rewards are granted to its users. The $KISHU coin’s smart contract has been audited and its LP (liquidity pool) tokens have been burnt. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors. Read more on the Kishu Coin platform here: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin  The Student Coin Platform. According to the studentcoin.org website, Student coin is the first crypto coin that allows users to easily design, create and manage personal, start-up, NFT and DeFi tokens. The mission of Student Coin is to allow organisations and people to create, manage and develop their own tokens, they hope that through this platform they will achieve a concept called tokenization. The aim of Student Coin is to “enable scalability of startups in their early stages by creating an opportunity for numerous investors to engage through tokenization, which also contributes to increased visibility, customers, and the fundamental values.” Student Coin has many products namely, STC Terminal, STC Wallet, STC Staking, STC Voting, STC Academy, STC Exchange. All of which make up the basis of the Student coin platform Read more on the student coin platform here: Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?  The Chia Crypto Platform Chia cryptocurrency is a type of crypto that aims to use the space already in circulation (proof of space and time), their mission statement aims to build a more sustainable, more secure and more powerful blockchain. The coin is based on an innovative consensus algorithm which leveraged the over-allocated hard drive space to create the first new Nakamoto consensus since Bitcoin in 2009. The Chia crypto uses the ‘proof of space and time’ which allows coin farmers to prove that they allocate unused harddrive space to the network. The proof of time and space improves the attack resistance of the network by 51%. Chia is as secure as other proof of work cryptos whilst being less energy intensive. Chia delivers a high quality coin, with the safety and security inline with Bitcoin along with the functional benefit of a purpose built and more secure on chain smart coin environment. Summary of the advantages of Chia coin: The coin uses 0.12% of the energy that Bitcoin uses and 0.23% of the energy that Ethereum uses. Better security due to its more decentralised blockchain. More eco-friendly than other crypto coins. Read more on Chia coin here: https://www.fxmag.com/crypto/what-is-chia-coin-xch-first-new-nakamoto-coin-since-bitcoin-launch-2009  The Safemoon platform SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021 SafeMoon had around 2.9 million holders in January 2022. The token's founders wanted a coin that would ensure “safe” gains. SafeMoon designed its products to resist volatility through offering rewards to its investors for holding their coins. There are 4 Functions that occur when a SafeMoon trade occurs: Reflection: 4% of the transaction is distributed to all coin holders. This is in an attempt to lessen the problems the platform is facing regarding mining rewards. LP Acquisition: 3% of each transaction is added to liquidity. The automatic liquidity pool is seen as an advantage of SafeMoons coins, it creates a solid price floor for both buyers and sellers. Manual Burn: 2% of tokens are burnt. The burning of SafeMoon Tokens is manual instead of continuous, this is in an attempt to increase the value of the coins for long-term investors. Growth Fund: 1% is added to the SafeMoon Ecosystem Growth Fund. Read more on the Safemoon platform here: What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?  Sources: fxmag.com  

Terra price drops massively as external pressures mount on its price action. LUNA price is set to dip towards $2.00 in a rapid correction. Expect a possible complete pairing back towards a few cents as the question remains what to do with stablecoins going forward. Terra (LUNA) price action is on the cusp of making a massive correction after the playing field changed on Thursday after the ECB massively dropped the ball. The repercussions of that central bank miscommunication have triggered a massive move in the dollar that will not only weigh on the LUNA/USD spot price, but will also turn on the screws for Terra to maintain its peg against the dollar. With several headlines on Thursday out of Congress with questions on a regulatory crackdown on stablecoins, the last days of this second version for LUNA look to be counting down. LUNA price last trading days are counting down Terra price could be in for a bit of pain as two significant external factors could cause a massive headwind, or rather even a massive hurricane, for that matter. On Thursday, the ECB dropped the ball by committing to the most minor rate hike in global markets, while other major central banks are committing to longer, more extensive and faster rate hikes to tame inflation. The most significant side effect of this mishap was that the euro tanked massively and, in turn, made the dollar more expensive across the board. LUNA price has not yet repriced its own intrinsic value against that stronger dollar, and then there is still the issue of its peg to the strong dollar, which will force the hand for Terra to buy more assets to support that peg, and which may prove difficult with stocks on the back foot losing value. As more headlines appear regarding regulatory crackdown, LUNA price looks set to cave in on the pressure and is set to fall back to $2.00, a 35% decline. If the dollar strengthens further and makes new lows, expect to see a further drop towards possibly just a few cents as investors turn their back on the stablecoin for good. LUNA/USD 4H-chart A jump to the upside, towards $3.80 or $4.00, on the other hand, could come about if, later this afternoon, the US inflation numbers are a surprise to the downside. That would mean that the FED is excellently taming inflation, and less severe action is needed. That would, in turn, trigger a jump in equities, creating a double supporting tailwind for LUNA price with both the risk-on from equities and the weaker dollar as driving forces. A rally all the way up to $6.00 could be possible, but then markets would need to pump price action up.

Relevance up to 11:00 2022-06-11 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. The summer of 2022 becomes the key for the future of the main altcoin Ethereum. On the one hand, the asset is approaching a historical event and the transition to Proof-of-Stake. On the other hand, the asset is trading near the dangerous level of $1.8k, and risks updating the local bottom near the level of $1.3k. This development is indicated by both fundamental factors and technical metrics. The coin largely echoes the movement of Bitcoin and is approaching a defining moment. The asset is completing the formation of a "wedge" figure on the daily chart. This indicates an increase in volatility, as well as a likely momentum out of the narrowing range. The technical indicators point to an ongoing period of consolidation. However, the RSI and the stochastic oscillator are gradually dropping to the lower border of the bullish zone, which indicates a slight dominance of sellers.   In addition, there is a constant influx of ETH coins to exchanges, which is a negative factor in anticipation of the transition to PoS. At the same time, it should be noted that there are impulsive withdrawals of coins from cryptocurrency exchanges, but they are local in nature and do not occur on an ongoing basis. In many ways, this situation was formed due to the growing level of Bitcoin dominance. Ether failed to become a full-fledged deflationary asset, including due to the transition to Proof-of-Stake.     The Ethereum team has already migrated the Ropsten testnet to the PoS consensus algorithm. The first transactions have already been included in the testnet based on the new algorithm. The merge did not go smoothly, and the developers noticed problems with the proposal of new blocks by the validators. The team is currently working on a solution to this problem. In the long term, as the ETH network migrates to PoS, Ethereum's influence on the crypto market should increase. However, in the current environment, investors are not very enthusiastic about everything that happens, and there are two reasons for this. Both of them are directly related to the bear market and its consequences. The total cost of funds in DeFi applications has decreased by 55% since the beginning of 2022. This indicates a low level of liquidity, and many projects have to adjust in order to survive. Transactions on the ETH network have also dropped to a minimum, as decentralized applications are the main source of transactions on the main altcoin network. A bear market will significantly "cleanse" this market, which will negatively affect the Ethereum ecosystem and the capitalization of the coin.     The second reason is the current macroeconomic situation. The main altcoin is not an important tool in the current environment, when the main goal of investors is capital protection and related investments. CoinShares notes that more and more VCs are opting for Bitcoin-based products due to high inflation rates. Similar forecasts are given in the central bank of the EU and the USA. In the current conditions, ETH completely loses the competition to Bitcoin.         In the current situation, the further movement of the ETH price will largely depend on Bitcoin. The main digital asset increased its dominance level to a six-month high, due to which the correlation of the altcoin with BTC increased significantly.     And if Bitcoin makes a downward breakdown of its own triangle, then there is every reason to believe that the ether will follow a new local bottom, which runs in the $1.3k–$1.4k area.   Read more: https://www.instaforex.eu/forex_analysis/313098

Bitcoin is losing for the seventh consecutive day, at one point on Monday morning, falling below $25K. The loss in seven days of selling is approaching 18%, bringing the rate to its lowest since December 2020. Ethereum has lost 28% in seven days. Altcoins in the top 10 fell in price from 14.5% (Tron) to 32% (Solana). The total capitalisation of the crypto market, according to CoinMarketCap, sank 20% for the week, approaching the 1 trillion mark and crossing it at some point in the morning. As the price falls, so does trading volume, meaning we see investors fleeing the crypto market. However, the traditional market is suffering from the same symptoms. The cryptocurrency Fear and Greed Index dipped to 11 points by Monday. Two similarly prolonged swings of this index in the 10-20 range were in December 2018 and March 2020. In the first, it was the end of the crypto-winter; in the second, it was the final chord of the sell-off. However, it may be too early to rush to redeem the drawdown. Bitcoin does not seem to have closed the gestalt yet, having not tested the 200-week moving average as it did in the previous two cases. It is now passing through 22K. A more ambitious target for the bears would be an attempt to push Bitcoin back to the 2017 highs region, above $19K. US Treasury Secretary Janet Yellen called cryptocurrencies a ‘very risky’ option for retirement savings. Galaxy Digital CEO Mike Novogratz warned investors of a prolonged phase of market consolidation amid tightening monetary policy by the US Federal Reserve. Cardano blockchain founder Charles Hoskinson believes there are positives to be found even in the current market situation, as a bearish trend opens new opportunities for the crypto sphere. The Central Bank of Canada reported that the share of its citizens owning BTC almost tripled to 13% in 2021. The Swedish Central Bank has called for a ban on bitcoin and other Proof-of-Work cryptocurrencies because of the environmental impact.

Summary: What is the yearn.finance Platform and how does it work? Advantages of the yearn.finance exchange. Yearn.Finance’s past, present and future price positions. Read next: Altcoins: Axie Infinity (AXS), What Is It? - A Deeper Look Into The Axie Infinity Platform  The Yearn.Finance (YFI) Platform Yearn.finance (YFI) is an Ethereum based token that governs the yearn.finance platform. The platform is a yield organiser, which moves funds around the decentralised finance (DeFi) ecosystem in an effort to generate a higher return. Running on the Ethereum platform, the yearn.finance platform's primary focus is to simplify yield farming. Yearn.finance is an aggregator service for decentralised finance (DeFi) investors through the use of automation, allowing them to maximise profits through yield farming. Its goal is to simplify the DeFi space for those investors who are not technically minded or those who wish to interact in a manner less committal than that of serious traders. Yield farming is a process of staking cryptocurrencies in an attempt to earn a passive income. The yearn.finance platform is an automation tool that invests into the liquidity pools of various cryptocurrencies and other projects to deliver the best profits. According to the whitepaper, the yearn.finance platform offers 3 main products: Earn: refers to the lending aggregator on the platform, and shifts funds between different platforms, users are able to deposit these aggregators to earn interest. The smart contracts linked to the earn lending aggregator ensure that users are earning the highest interest rates at all times. Vaults: the vaults on the yearn.finance platform are like savings accounts for crypto assets. Users are able to manage their holdings and choose the best strategies to maximise their yields. The platform offers more than 10 different strategies for every kind of user. In addition, the platform also assists users with capital shifting, rebalancing and auto-compounding. Iron Bank: this refers to lending services for both protocols and users. This service allows borrowing, by using the crypto as collateral. For some whitelisted protocols, this service also offers zero-collateral loans. There are many benefits to crypto-lending, such as: Low interest costs: due to the assurance of a stable asset, the fees for crypto-lending have moderate interest costs. Claims: the users have complete control over the whole process, the users can also receive different advantages such as getting the physical money required without actually having to go through the management of the lending site advising to trade owned crypto holdings. Accelerated crypto funding: offers a face paced transaction, hence there is the ability for a collateral loan reserve to be processed within a few hours of sanctioned approval. No mandatory credit checks conformities: during the initial investing process, there is no need for a credit screening in crypto lending. The users’ loan access will likely be granted even if the credit is not up to the mark. This can be a lucrative offer for users with unsatisfactory credits.   Yearn.finance was launched in 2020, the current circulating supply of YFI tokens is 36,637 tokens and has a maximum supply of YFI is 36,666 tokens, currently 100% of the YFI tokens are circulating. The current market capitalisation is more than $178 million. Advantages of the yearn.finance platform The Yearn.finance platform offers some of the highest returns on investments. Yearn.finance offers a high level of security. The yearn.finance platform has locked a net value of over $5 billion. Ease of use of the yearn.finance platform. Past, present and future prices for Yearn.finance (YFI) After the launch of the yearn.finance network, the price took off almost immediately, the first spike in price that occurred in September of 2020 and saw the price go above $43,000, and was followed by a gradual but substantial increase. Since then the price rose noticeably again in May of 2021, reaching above the $60,000 level. Since its price peak in 2021, the price of YFI has been gradually declining. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, yearn.finance falls under this category. According to some analysts the future price of yearn.finance (YFI) could reach up to $9,138 by 2026 and could see a price of around $11,692 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. YFI Price Chart Read next: 5 Cryptocurrencies That You Probably Forgot About - Take A Look At Shiba INU (SHIB), Kishu INU ($KISHU), Student Coin (STC), Chia Crypto (XCH), Safemoon (SFM)  Sources: coinmarketcap.com, finance.yahoo.com, cryptonewsz.com, coinbase.com, yearn.finance, coinpriceforecast.com

Bitcoin collapsed 15.1% on Monday, ending the day around $23,200 and slipped another 10% on Tuesday morning on inertia before finding support from buyers after touching $20,800. Ethereum has lost 7.8% in the past 24 hours and more than 30% in the week. The top ten altcoins show buyer optimism, with Solana up 9.5% and Cardano up 7.3%. Among the decline, leaders are Tron with -8% and BNB with -3.5%. The total capitalisation of the crypto market, according to CoinMarketCap, sank 6% overnight to $0.965 trillion. The Cryptocurrency Fear and Greed Index was down 3 points to 8 by Tuesday and remains in “extreme fear”. Bitcoin collapsed on Monday in the biggest decline since the March 2020 crisis amid falling stock markets and a rising US dollar. Bitcoin closed the December 2020 gap by touching the area below the 200-week simple moving average. But in our view, Bitcoin needs to touch levels near 19500: the 2017 peak, which is also where the most aggressive growth phase started at the end of 2020, for a definitive return of long-term buyers. A similar three-point checklist for Ether is also incomplete. ETHUSD touched the 200-week average and dived below the peak levels of the previous cycle in 2018. However, the most aggressive rally at the end of 2020 came from $740, which is well below the day’s lows today at $1075. However, the latter target may prove too ambitious for the bears. Along with BTC, cryptocurrency-focused stocks also collapsed. MicroStrategy shares lost 25.2%, while Coinbase dropped 11.4%. The key trigger for the sell-off in the crypto sphere is the US inflation hike to 8.6% on Friday, followed by speculation that the Fed could raise rates by 75 points at Wednesday’s meeting or at the end of July. According to IntoTheBlock, about half of cryptocurrency holders are now incurring losses. According to Crypto.com CEO Chris Marszalek, the market has entered a phase of “cryptozyma” that could drag on, according to Crypto.com CEO Chris Marszalek. Cryptocurrency lending platform Celsius has suspended withdrawals, exchanges and transactions of digital assets due to “extreme market conditions”. Tether has ruled out the impact of the Celsius incident on USDT reserves. The US Office of the Comptroller of the Currency has warned of the risks associated with Stablecoin, citing the collapse of the Terra project. The US Treasury Department believes that the country’s authorities should be more proactive in seeking to regulate the crypto industry, given the active digitalisation of the financial sector.

Wall Street was quick to fade the morning rebound that stemmed a modest improvement with producer prices, possibly providing some hope that core inflation continues to ease for businesses. Wholesale prices are still climbing higher and while they are slightly off the record annual pace, this report does not change anything for the Fed.  Aggressive tightening over the next handful of policy meetings is the only course of action for the Fed. PPI PPI rose 0.8% for the month and 10.8% over the past year.  The April reading downward revisions across the board, so that could support the idea that consumers might see slightly less price increases passed on. The Fed will focus on the month-over-month readings and those are still rising.  The headline 10.8% increase in wholesale prices for the month of May was lower by a tick for both the downwardly revised prior reading and consensus estimate. Oracle earnings sparkle Thank you, Oracle!  If Oracle didn’t crush earnings and remind Wall Street that it is not all doom and gloom out there, US stock markets might have kept the selling pressure going.  Oracle boasted a strong outlook as they saw a “major increase in demand” for cloud infrastructure.  Oracle is somewhat viewed as a safe-haven tech trade and this strong fourth quarter performance will keep it as a must hold on Wall Street. MicroStrategy One of the biggest bitcoin backers, Michael Saylor remains committed to relentless belief with the world’s largest cryptocurrency.  Saylor tweeted, “When @MicroStrategy adopted a #Bitcoin Strategy, it anticipated volatility and structured its balance sheet so that it could continue to #HODL through adversity.” MicroStrategy is in danger of a massive margin call and there is no going back for them. In May, their president, Phong Le noted that bitcoin would need to lose half its value around USD 21,000 before they’d have a margin call. Regardless of what happens with bitcoin, investors should be hesitant to use MicroStrategy as their way of gaining exposure to cryptos.  MicroStrategy could have bought protection at any point and they remain blindly bullish on cryptos. Bitcoin ​ Bitcoin traders better be buckled up heading into the FOMC decision.  Bitcoin is still holding the USD 20,000 level and if Wall Street gets a very hawkish decision and press conference, Treasury yields and the dollar could surge once again and that would test the line in the sand many crypto traders have drawn.  If bitcoin breaks below the USD 20,000 level, support might not emerge until the USD 17,000 level. Another crypto plunge might not see major support until the 2019 summer high around the USD 14,000 level. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds. Morning rebound faded as PPI remains elevated, Oracle impresses, MicroStrategy all-in on bitcoin, bitcoin holding above USD20k - MarketPulseMarketPulse

The Federal Reserve (Fed) will announce its latest rate decision today, but most of the wild ride is certainly done by now; the market fully prices in a 75bp hike at today’s decision. The aggressive rise in hawkish Fed expectations pushed the US 2-year yield to 3.45% on Tuesday. The 10-year yield flirted with 3.50%. The S&P500 lost another 0.38%, while Nasdaq eked out a small 0.20% gain, but after hitting a fresh low since November 2020. The US futures are in the positive this morning, but the market will likely remain tense until the Fed breaks the news that it hikes by 75bp. The updated economic projections and the dot plot have an important weight for future expectations. Bigger rate hikes from the Fed, and the soaring US dollar are certainly not a gift for other central banks. The US dollar is a base currency, and the rapid appreciation in the greenback increases the cost of the goods that the other countries negotiate in terms of US dollars on international markets, starting from oil and commodities. As a result, a stronger US dollar is a bigger inflation threat for the world. This is why, the hawkish Fed expectations have a bigger domino effect power on the rest of the world. The German 10-year yield continues pushing higher, and the EURUSD sees a decent support near the 1.04 threshold after the European Central Bank (ECB) announced an unscheduled meeting to discuss the market turmoil. Cable slipped below the 1.20 mark, and a 25bp hike from the Bank of England (BoE) may not suffice to compensate the hawkish Fed, and the renewed Brexit fears.   Watch the full episode to find out more! 0:00 Intro 0:27 The Fed decision 4:26 Market update 5:32 Gold, Bitcoin down 6:43 FedEx jumps & dividend paying stocks see higher interest 7:41 Expensive dollar threatens ECB, BoE 8:52 FTSE to feel the pinch of engdangered Brexit deal Ipek Ozkardeskaya has begun her financial career in 2010