Back With Trade Analysis. Bitcoin Today🔽🔼.
This is a short Analysis and is purely Technical.
The price of bitcoin is still trading within the $19,000 range. The price of bitcoin could be trading at $19386, where ot will find a new resistance zone. We're currently at $19256.
Though we just hit a moving average acting as a resistance zone, I don't think it will be acted upon.
Disclaimer: This article and analysis was solely done by @InvestorOmar.
A Brief Intro To Avalanche.
Avalanche is an open-source, decentralized platform for programmable smart contracts. It is the fastest and cheapest smart contract platform based on time to finality. The Avalanche decentralized world has multiple applications in the crypto and blockchain industry. It helps developers to launch solidity, compactible decentralized applications quickly and cheaply. Avalanche dApps can execute thousands of transactions per second at lower fees than other services. Platforms like Ethereum need high gas fees for deploying smart contracts; simultaneously, it offers low-cost smart contracts.
The four-hour chart shows that the AVAX price has been in a tight range in the past few days. A closer look shows that the coin has remained below the 25-period and 50-period moving averages.
Most importantly, the coin has formed a bearish pennant pattern. In technical and price action analysis, a pennant is usually a bearish sign. The stochastic oscillator has moved to the middle level.
Therefore, the outlook of Avalanche is lower considering that the pennant is nearing its confluence level. As such, there is likelihood that the coin will have a bearish breakout, with the next key support level being at $25. A move above the resistance at $37 will invalidate the bearish outlook. AVAX was traded around an average price of $3 in 2020 and went for a steep rise to $56 within two months. A return of around 18X times within two months. AVAX tokens traded in the range of $22 to $37 for the next three months. After a gradual price drop, it formed a round bottom formation on the daily chart and broke the rejection range at $38.
AVAX’s downtrend appears to have slowed down with the price finding solid support at $28. The cryptocurrency is unwilling to go lower and the bulls will have to break the key resistance at $32 if they want to turn around the bearish momentum.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my personal views for education/entertainment purposes only . Do your own research and due diligence.
Countries With The Highest Crypto Holders
Vietnam is the most adopted country to crypto achieving an overall index score of (1.00), India (0.37), and Ukraine (0.29). Below are some of the countries with high rate of crypto adoption and usage Worldwide;
**•Nigeria**
Cryptocurrency use is on the rise, with 33% of Nigerians either using or owning cryptocurrency, according to a recent survey. Almost a third of Nigerians said this applied to them. The high cost of sending money across borders the conventional way has caused many to turn to local cryptocurrency exchanges catering to overseas workers and their families, according to Bitcoin.com. Nigerians also often use their phones to send money to each other or to pay in shops. Recently, businesses in the country have been adding crypto plugins to their phone payment options, adding another way in which Nigerians can use cryptocurrency in their everyday lives.
•Vietnam and Philippines
The second and third highest rates of cryptocurrency use in the survey were recorded in Vietnam and the Philippines, respectively. Again, remittance payments play a role in the widespread use of cryptocurrency. According to bitcoin.com, the Philippines' Central Bank has approved several crypto exchanges to operate as "remittance and transfer companies" in the country. The government itself is already meddling in cryptocurrency by setting up blockchain app bonds.ph with Unionbank to distribute government bonds. Unionbank has also installed a Bitcoin ATM in Makati (Metro Manila), showing how cryptocurrencies are slowly entering the mainstream in the country. Currently, Vietnam has the second highest rate of cryptocurrency use globally, despite crypto being made illegal throughout the country. Considerable fines and imprisonment are currently imposed for the use or trade of cryptocurrency, so it's surprising that 6.1% of Vietnamese residents own some form of it. There's also a lot of online Vietnamese traffic on crypto sites, so much so that Vietnam currently ranks fifth in the world for accessing crypto-related online platforms. With almost 60% of Vietnamese individuals showing an interest in owning cryptocurrency, it seems its crypto market will be continuing to grow in the future.
•United States
The USA's cryptocurrency market is currently one of the biggest globally, and it is legal to buy, sell, and spend cryptocurrency in the USA. So it's no surprise that the market is growing each year.
A Research study found that 16% of Americans say that they have invested in, used, or traded some form of cryptocurrency, while Gemini's 2021 State of Crypto report puts that number at around 14%. While there is no exact figure, it's believed between 30-50 million US citizens have engaged with crypto in some form, but there's no knowing whether or not this number will double, triple, or halve over the next decade. Perhaps most interestingly, Gemini's research also found a huge number of "crypto-curious" US citizens. Some 63% of respondents indicated they hadn't invested in crypto yet but were curious to learn more and plan to buy soon.
•India
Though India's relationship with cryptocurrency has been rocky over the past few years, with a total ban set in 2018 and struck down in 2020, its crypto market has grown massively to become one of the biggest in the world. At the time of writing in 2021, the Indian cryptocurrency market is worth an estimated $5.39 billion, with the estimates on the number of crypto users ranging from lows of 15 million to 20 million to as many as 100 million users. However, the Indian government is again reconsidering the presence of cryptocurrency across the country and believes it is a threat to India's national currency, the rupee (and a potential Indian CBDC). As a result, there are now fears that a total ban on cryptocurrency will be reinstated on a country-wide level, but officials have not yet confirmed this.
•Japan
Japan's crypto market grew exponentially throughout 2021, with the amount of crypto being traded in the country increasing almost six times over between Autumn of 2020 and Winter of 2021. In the same year, it was found that only around 4% of Japanese residents have interacted with cryptocurrency in some way. However, this still amounts to around 6.29 million people, which is by no means an insignificant number.
While you could certainly say the rapid growth of Japan's crypto market is impressive, some are now speculating that it may not always be this way. The tough regulations placed on crypto managers and the stability of the country's national currency both play a role in the possible stunt of its crypto market's growth. There's no knowing how things will turn out in a few years, but it seems the Japanese government is keen on keeping its crypto industry contained.
•Ukraine
Ukraine is certainly becoming a player to watch out for when it comes to the crypto game. Currently, over 5.5 million people within the country own cryptocurrency. That's a shocking 12.7% of the total population and one of the highest rates of ownership worldwide.
Ukraine;;0 is now even opening crypto mining plants, with a plan to open a facility near its Zaporizhzhia nuclear power plant and one near the Rivne nuclear plant in the west. The Ukrainian government certainly seems to be embracing the crypto market (even though it still isn't legal to actually pay for goods or services using crypto within the country).
•El Salvador
El Salvador takes the cake for its commitment to cryptocurrency among all others on this list. Its government has recently invested millions in Bitcoin after announcing it will now be accepted as legal tender. The country's president, Nayib Bukele, has announced that this decision has been made to alleviate the country's citizens from having to pay high transaction fees when sending currency internationally to friends and family, which is pretty commonplace in El Salvador. Additionally, given that almost three-quarters of El Salvadorians don't have a bank account, conducting transactions using cryptocurrency should make things considerably easier for them.
•Peru
Peru's residents are certainly showing a keen interest in cryptocurrency, with 3.7% of the population claiming to currently own some assets (amounting to around 1.2 million people). What's more, the country saw an 18.3% increase in crypto wallet use between June and July of 2020. However, Peru's government isn't planning on letting things carry on without a little bit of intervention. Authorities have announced that investigations into cryptocurrency are currently being carried out for the appropriate laws and regulations to be put in place. This may spell trouble for Peruvian crypto owners, given that many believe crypto should remain unregulated.
•United Kingdom
The cryptocurrency market is currently on the rise, with almost a million people claiming to own some kind of crypto asset. This ownership rate has risen six times over the past three years, indicating that more and more UK residents are interested in the crypto world. Given that crypto is totally legal in the UK, there are a lot of British citizens now looking to crypto as a solid investment. It's no surprise that things are on the up for this particular market.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my personal views for education/entertainment purposes only . Do your own research and due diligence.
Decentralized Finance.
To understand how DeFi works, we must first delve into what’s behind it. DeFi uses blockchain, which connects users without a central server and can transfer data and assets securely, under the users' own watch. Transactions are regulated under "smart contracts", computer programs that also use blockchain and run automatically when the parameters the parties set in advance are met.They use blockchain to store and transfer digital assets and smart contracts to make sure the parties keep their end of the bargain.
DeFi app users looking for a return on investment in tokens can program a smart contract to sell cryptocurrency at a certain price. And users who want to buy tokens can prepare a smart contract to automatically acquire them when they reach the desired value. In both cases, transactions are automatic and there’s no middleman.
The most popular method of crypto theft is the infiltration of crypto-exchange security systems. Centralised cryptocurrency exchanges often act as custodians and hold the private keys on behalf of the users who purchase and trade tokens on the exchange. Even though users can access their exchange their own accounts using logins and passwords, what they see is a representation of the tokens held on their behalf – the exchange’s wallet actually holds the tokens and private keys.This custodial structure has advantages such as speed of transactions, customer support, insurance and the ability to deposit and withdraw fiat currency. However, the central control over private keys and user accounts and passwords has proven to be a major cybersecurity risk.
Since DeFi apps have an open code, anyone with Internet can use it, create and offer services (like lending), and combine existing services. DeFi software and systems are available to the public free of charge and can even be copied, enhanced or adapted to user needs. As a decentralized financial ecosystem, it’s not regulated. Under the traditional financial system, personal details can be checked to review loan applicants' indebtedness and other aspects. In blockchain, however, a public key that holds no personal information is the "identifier". This can make preventing fraud and other financial crimes tricky.
Security is an important factor to be considered. On DeFi platforms, users safeguard their own assets via access keys and authentication to sign in to apps. Because no entity can provide or restate their personal details if they're stolen, users could lose all their assets. The most common DeFi cybersecurity risks are “key management compromises” (e.g. by individual users or by admins/developers at projects and exchanges), coding mistakes, misuse of third-party protocols, and business logic errors. Exploits still happen frequently by hackers who take advantage of these vulnerabilities.
Servers storing private keys for cryptowallets are also a prime target for cybercriminals, the researchers warn. In several instances, wallets were swiped with stolen keys, the report says, sometimes with devastating losses; one wallet had a balance of about $60 million, for instance. Financial loss could have been avoided by auditing the companies’ underlying servers and adding technical and organizational measures (such as multisignature wallets) with zero-trust and least-privilege principles, the report states.
DeFi averaged five attacks per week last year, with most of the them (51%) coming from the exploitation of "smart contracts" bugs, the analysts found. Smart contracts are essentially records of transactions, stored on the blockchain. Other top DeFi attack vectors include cryptowallets, protocol design flaws, and so-called "rug-pull" scams (where investors are lured to a new cryptocurrency project that is then abandoned, leaving targets with a worthless currency). But taken together, 80% of all events were caused by the use (and re-use) of buggy code.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my personal views for education/entertainment purposes only . Do your own research and due diligence.
Binance Huge Loss on The Terra Labs Investment.
Binance invested $3 million in the Terra network in 2018 making it the owner of 15 million LUNA tokens. According to CEO Zhang, going by the peak price of LUNA, Binance’s investment was, before the implosion, estimated to be worth $1.6 billion.
The Binance CEO said that he was “very disappointed” with how the team behind Luna and UST handled the collapse. When Terraform Labs CEO Do Kwon said he wanted to fork Terra, or create a new blockchain and distribute millions of tokens in a new cryptocurrency to supporters, Zhao said it won't work. The market capitalisation of the token slumped from around $40 billion to around $6 million, according to Coinmarketcap. Luna’s downfall started when sister token UST, was 'depegged' from its $1 value as big investors started dumping it.
CZ says that Binance is now more concerned with how retail investors will be compensated. The Binance CEO also added that the exchange had previously held talks concerning investing $300 million in LUNA in a $1 billion funding round, but that deal is now obviously off the table.Along with thousands of retail investors who lost money following the collapse of the Terra ecosystem alongside its Terra USD (UST) stablecoin, Binance has seen its investment written down to a mere $3,400.
Though, it's not all bad news. The exchange received around $10.3 million worth of UST in staking rewards (likely through Anchor, which offered up to 20% yield). While that would be worth $74 million if UST was holding its peg to the dollar and not trading at its current value of $0.13, it means Binance is still up on its initial investment.The algorithmic stablecoin UST broke from its peg to the US dollar last week, resulting in huge losses for investors in both UST and Luna, whose price was meant to support UST's peg.
The protocol founder and CEO – Do Kwon – came up with a revival plan. Without going into the details of how the plan changed over the course of a few weeks, the Terra community and validators voted and accepted the proposition, and the tone was set.Terra Ecosystem Revival Plan 2, the plan aims to see the creation of a new Terra chain that won’t have an algorithmic stablecoin. The old chain will be called Terra Classic, and its LUNA will carry the ticker LUNC. The new chain’s token will be called LUNA. Multiple exchanges have attested support for the project. some of these exchanges are:
Kucoin
Huobi
Bitrue
GateIO
Binance
FTX
Bybit
Bitfinex
The exchange(Binance) indefinitely suspended the trading of Luna and UST tokens across all its spot, cross margins and isolated margins pairs after the tokens lost nearly 100% of their value in a span of days. The move, which follows the exchange pulling support for trading of futures contracts for the Luna token earlier on Thursday, comes as Terraform Labs has increased the circulating supply of Luna tokens to over 6.5 trillion, up from 386 million three days ago (according to Terrascope, a tool that tracks Terra stats) in an attempt to push its sister token, a supposed stablecoin, to regain its 1-to-1 peg to the dollar.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my personal views for education/entertainment purposes only . Do your own research and due diligence.
Is There A Possible Mass Crypto Adoption Worldwide?
A top-ranking executive at one of the leading credit card companies in the world is weighing on what it would take for the industry to adopt blockchain technology on a mass scale.
The vice president of Mastercard Harold Bossé responds to the question of when major financial institutions will be ready to adopt crypto assets in a widespread manner by explaining the importance of current user demographics and mainstream perception of the space.
“It’s only going to happen and I think it’s going to happen a little bit sooner than later, given the situation of the crypto assets right now, because it’s about the expansion to new demographics.
We know that today the individuals that are using, consuming, sending digital assets around the world, there are specific types of demographics. They are early adopters and new adopters, they are becoming more and more democratized, but we haven’t yet made the switch towards mass market. That is going to be a very important aspect of the decision by financial institutions to move into the space.
It is related to the business, but it’s also very much related to the perception, if there are some demographics that are currently not very much interested in the digital asset itself if these demographics start to see the point, the reason why it is interesting to leverage digital assets for cross-border activities and that might pivot the perspective of the bank.
Crypto asset-based lending services are not exactly a new concept but it’s great to see them being implemented on such a large scale – Indonesia has the 4th biggest population in the world, their government is very much pro-crypto and the company providing those loans is Danamas – one of the biggest financial institutions in Southeast Asia. This is yet another example of a slow but clear shift in the attitude towards cryptocurrency.
While digital currencies are on the rise, Bitcoin and other cryptos are yet to gain global mass adoption for several reasons.There is actually plenty of bullish news coming out on a regular basis. Just in the last few weeks, the English government announced plans for the UK to become the hub for everything crypto-related, the Central African Republic became the second country to accept Bitcoin as a legal tender and in Indonesia, NanoByte Token ($NBT) is now accepted by one of the country’s leading financial institutions for instant fiat loans.
There are a few stages for mass adoption to happen. The first was awareness, which was kicked off by the hyper-innovation stage that happened with the ICO craze. The current stage is institutional adoption. Libra is trying to open the way, by enabling institutional, political and regulatory acceptance. The next will be an easy and seamless experience for both users and institutions, where users don’t have to deal with the difficulties that come with today’s crypto technology.
It is also great to see large and rapidly developing countries embrace crypto, especially considering the increasing number of crypto control measures in many of the most populous countries in the world such as China and India. Of course, everyone saw it as bullish news when El Salvador announced last year that they will accept Bitcoin as a legal tender but let’s be honest – we won’t see true mainstream crypto adoption until more populous countries start utilizing crypto.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my personal views for education/entertainment purposes only . Do your own research and due diligence.
Decided to improve the number of articles I write per day. Hope you're finding the articles interesting to read.
"Overwhelmed".Opportunities In the Crypto Space
The problem is that the crypto market has been dominated by speculators. Those who have purchased individual cryptos in hopes of making a quick buck instead of taking a professional and more sensible approach to crypto investing.
Even after the most recent crypto market pullback, the overall cryptocurrency market has significantly outperformed other investments.As a result, many investors have shifted their focus to the crypto space and made a point of including cryptocurrencies in their portfolios.
There are clear and very distinct sectors within the cryptocurrency market that we can invest in. The most established sectors are the:
Smart contract platforms,
Decentralised Finance (DeFi) applications, and
Payments coins.
p.s, not all cryptocurrencies are trying to become digital money. Only the payment coins are trying to do this.The term cryptocurrency can be confusing for this reason as it insinuates that all blockchain-based projects are trying to create a new form of value transfer. It’s for this reason why you’ll often hear die-hard crypto fans talk about cryptoassets instead.
The smart contract sector has been drawing the attention of the world with the sector producing 12-month returns of +111%. This is due to the fact that smart contracts have started to pave the way forward for many other blockchain-based applications like DeFi and NFTs.
DeFi comes in next with an overall sector performance of +33% over the last year.
And lastly, the payment sector is in third place and is starting to gain momentum as more names like PayPal, Visa and Google start to get involved with decentralised crypto based payments and try to incorporate blockchain technologies into their offerings.
Regardless of how long the cryptocurrency has been around, and the number of times it has bounced back from dipping too low in value, there are still people who are hesitant to participate in this concept. Even though it has managed to prove itself to be something quite stable in comparison to the fiat currencies of the world.There are some of the fortunate people who took the risk when Bitcoin was still brand new and barely spoken about, who are now seriously appreciating the growth in their investment and this is not an impossibility for you. The crypto space offers a decentralized framework that levels the playing field by eliminating intermediaries and making it possible for individuals to transact autonomously, peer-to-peer.
The opportunities to make it big in the crypto space is very vast regardless as you can still earn through:
Mining
Airdrops
Staking and Lending (Defi)
Trading
Investing
Crypto Social Media
To make profit in all of the above mentioned, one has to be really cautious of scams as they thrive in in the crypto space but it's notable that earning through the Crypto Social Media is rather usually safe than than the other options mentioned above. But that does not still make it scam proof as there could be high rate of scammers operating various accounts on the Media platforms.
Nevertheless, crypto can be rather really promising when it comes to it's earning potentials. Buying some crypto during this bearish market can turn out to be profitable once the crypto market gets back on it's feet.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my views for education/entertainment purposes only . Do your own research and due diligence.
Are My Seed Phrase Secured?
Crypto wallets are neither issued nor insured by any central governing authority such as the federal government, central bank, or an insurance agency. You can think of a public key like a bank account username, and a private key like a PIN code or a password. It’s these private keys that you need to safeguard, or else your entire wallet could be emptied within seconds.
Maybe the most important word in crypto – security – is its one aspect that most often remains overlooked, and users continue to fall victim to their own negligence and lack of knowledge. In reality, following several simple rules is sufficient to secure your digital holdings, and it all starts with choosing the right crypto wallet for your needs. It doesn’t end there, however – protecting your funds is a continuous process, as many crypto horror stories prove.
Generally speaking, most cryptocurrency wallets come with a number of protection mechanisms such as complicated passwords and secret phrases. It is not possible to easily hack any wallet. But due to a rise in hacking attempts on cryptocurrency wallets and exchanges, crypto users should start taking extra safety precautions.
Hacks, as they are called, but are more into the field of social engineering, are also a major problem, and in 2021 alone, more than $14 billion worth of crypto was stolen, as reported by Time. Someone out there is after your funds, which is why security is of the utmost importance.Your crypto wallet is your treasury, your virtual fortress on the blockchain. Let’s explore its variations and how to protect them.
Maybe the most important word in crypto – security – is its one aspect that most often remains overlooked, and users continue to fall victim to their own negligence and lack of knowledge. In reality, following several simple rules is sufficient to secure your digital holdings, and it all starts with choosing the right crypto wallet for your needs. It doesn’t end there, however – protecting your funds is a continuous process, as many crypto horror stories prove.
Half of all ICOs in 2017 are now non-existent projects, as reported by Fortune. Scams have and continue to run rampant, and nearly 80% of all ICOs for 2017 were, in fact, operated by scammers, CoinTelegraph says. Hacks, as they are called, but are more into the field of social engineering, are also a major problem, and in 2021 alone, more than $14 billion worth of crypto was stolen, as reported by Time. Someone out there is after your funds, which is why security is of the utmost importance.
Your wallet is where your crypto journey begins. It is the first thing you acquire, and it is the foundation you build your portfolio, so securing it is of the utmost importance. The first choice one must make when it comes to crypto wallets is this: custodial or non-custodial.
A custodial wallet means that, while having access to it and the funds stored inside, you do not actually own the keys to the treasury, so to speak. A custodial wallet is a wallet that is hosted by a third party – most often a centralized exchange – which in turn owns the cryptographic keys that allow access to the stored funds. You have undoubtedly heard the expression “Not your keys, not your wallet”, and that is very much true – yes, you maintain access to it, but the third party may decide at any point that you are, for example, in violation of their terms and conditions, and can therefore lock you out or freeze your funds with no warning. A custodial wallet beats the entire purpose of crypto – decentralization, and privacy, with your private keys handled by a centralized organization.
A non-custodial wallet, on the other hand, places control in the hands of the user, honoring the Bitcoin legacy of empowering the everyday investor. Non-custodial wallets are hosted on your desktop computer, mobile device, or even browser, eliminating the need for a centralized entity. Non-custodial crypto wallets can be hot and cold. A hot wallet is simply a wallet you have installed on a device, while a cold wallet (also called a hardware wallet) is a physical device that needs to be connected to a computer only when transactions are in order.With non-custodial wallets, you are the owner of your private keys and all funds stored inside; therefore, the responsibility to secure your holdings is entirely up to you.
All non-custodial wallets must be protected by a strong and unique password – one that you do not use in any other accounts. Use a random sequence of numbers, letters, and symbols, and aim for a length of at least 30 characters. It might seem like overkill, but it is better to overdo it than wake up one day to find your funds missing. Do not write your password down on your device no matter what – keep it strictly on paper and never share it with anyone. And remember: non-custodial wallets do not keep your password for you, and you cannot reset or change it – if you lose it, it is gone, and with it, your access to funds. There is, however, a backup solution.
All non-custodial wallets have what is called a seed phrase, one of the first screens you see when installing a new wallet on your device. A seed phrase, also called a mnemonic phrase, is a string of randomly generated words, which can be used to reinstate your wallet on any device in the worst-case scenario of it being lost or destroyed, or if you lose your password. Your seed phrase is unique, no one else has access to it, and if you lose it, it is gone forever. The seed phrase is where things end. Never, and this cannot be overstated enough, never store your seed phrase on any device, and do not take pictures of it.
Some types of malware are specifically designed to look for .txt or .doc files with 12, 18, or 24 words inside, which is the most common length of a seed phrase. If you store your phrase on a device, your holdings are compromised from the first day. Do not use cloud storage or any other online storage services you may have – if your seed phrase is kept on anything that has electricity and a connection to the internet running through it, your assets are in danger.
Write your seed phrase on a piece of paper, make a copy, and lock it up in two different places – it is the only way to be safe. While doing that, and if you really want to be cautious, make sure nobody is watching and that you are away from windows and cameras. Never share your mnemonic phrase, never upload it, never send it – if anyone has access to it, they can “recreate” your wallet from anywhere in the world, and they don’t even need your device to do it.
If this seems like too much work, a custodial wallet might be a better option, although you will also have to take good care of your account there and be extra careful. The password still needs to be unique and strong, and two-factor authentication (2FA) is necessary in order to increase your chances that, even in the case of a malicious attack, your account will remain secure.
Apart from that, whitelisting addresses is a very good idea, and most centralized exchanges offer it as a service. When you whitelist, you can only transfer funds to the whitelisted address while still having to use 2FA to sign the transaction. This is another layer of security that can be vital in case of an attack. 2FA has its critics, though, and sim-swapping, where an attacker highjacks your phone, remains a danger.
Some other ways to protect your wallet and seed phrase from Hackers and Malware are to:
USE UPDATED ANTIVIRUS PROGRAMS.
ALWAYS DOUBLE-CHECK THE RECIPIENT’S WALLET ADDRESS.
USE A SECURE INTERNET CONNECTION.
STAY VIGILANT OF PHISHING ATTACKS.
AVOID CRYPTO SCAMS ON SOCIAL MEDIA PLATFORMS.
🛑DISCLAIMER: I am not a financial advisor. All contents discussed on this blogpost are solely my personal views for education/entertainment purposes only . Do your own research and due diligence.
"Anonymous". Crypto Theft/ Money Laundering.
The problems in regards to Crypto theft aren't trivial. In fact, they're so complex that it can take a single PC thousands of years to solve just one, so attackers use malware to hijack computers, unite them in a network and dedicate all or part of their collective processing power to crypto mining. Some recent attacks can even launch mining processes from individual webpages without the user's knowledge.
News emerged overnight of the potential theft of more than US$326 million (A$457.7 million) of Ethereum tokens from a blockchain bridge (which connects two blockchains so cryptocurrency can be exchanged between them). It’s no surprise. Crypto crime has been on the rise – especially since the pandemic began. A less malicious, but also insidious form of cryptocurrency theft is mining malware. This takes advantage of a unique characteristic of many virtual currencies, which is that they can be earned. To do that, people solve complex equations in a process called mining, with rewards in cryptocurrency for every problem they solve.
Crypto mining isn't stealing, but it still has an impact on victims. In addition to the costs of power, large-scale-mining malware infections can slow computers to a crawl. Customer support reps can't access account records on a timely basis and financial transactions may be delayed or cancelled. That's not to mention the productivity drain of having the performance of every computer in your company fall by half.
When the bitcoin cryptocurrency briefly topped $19,000 in value last year, it got the attention of more than just investors and day-traders. It also caught the eye of cyber criminals. They have responded as expected, stealing more than $1.1 billion in cryptocurrency during the past six months. Their weapons of choice include good old-fashioned hacking and new breeds of malware that specialise in stealing from cryptocurrency exchanges, businesses and individual users. Security software firms have estimated that there are 12,000 marketplaces on the dark web selling more than 34,000 forms of this malware at prices beginning at just over one US dollar.
Given the huge run-up in the value of some cryptocurrencies over the last year, businesses may be tempted to invest or start conducting transactions with virtual money. Be aware of – and prepared for – the cyber security risks you'll be taking with a form of currency that's largely unregulated and mostly anonymous.When the bitcoin cryptocurrency briefly topped $19,000 in value, it got the attention of more than just investors and day-traders. It also caught the eye of cyber criminals.
When the bitcoin cryptocurrency briefly topped $19,000 in value last year, it got the attention of more than just investors and day-traders. It also caught the eye of cyber criminals. They have responded as expected, stealing more than $1.1 billion in cryptocurrency during the past six months, according to a new report by Carbon Black. Their weapons of choice include good old-fashioned hacking and new breeds of malware that specialise in stealing from cryptocurrency exchanges, businesses and individual users. Security software firm Carbon Black has estimated that there are 12,000 marketplaces on the dark web selling more than 34,000 forms of this malware at prices beginning at just over one US dollar.
There are two basic approaches to cryptocurrency theft that attackers use to steal from their victims. Unlike a conventional bank account, money owners have the option of transferring funds to a local electronic wallet on a PC or mobile device. In many cases, these private vaults are protected by nothing more than a password. Malware harvests legitimate credentials from a victim's computer to look for those that might unlock the wallet, using the same techniques criminals employ to steal passwords. If a crook gains access to a local wallet, funds can disappear just like that.
Crypto crime is a fast-growing enterprise. The rise of the crypto economy and decentralized finance (or DeFi), coupled with record cryptocurrency prices in 2021, has provided criminals with lucrative opportunities. DeFi’s open-source nature also makes these projects enticing to hackers. Thieves can spend time scouring codes in search of weakness, said Chainalysis, which notes that DeFi protocols need to employ a more thorough approach to security.Hackers are ferreting out larger exploits as decentralized finance (DeFi) becomes more popular. They tend to go after new protocols that haven’t been fully vetted.
Some of the hacks organized are not always done by an individual, however, but a crypto exchange. That's an online platform that enabled cryptocurrency owners to trade virtual currencies with each other or for real cash. There are thousands of such exchanges, and regulatory oversight is light. One of them, a Korean exchange called Coinrail, reported that almost £30 million worth of cryptocurrency was stolen, apparently by an attacker who was able to channel funds from the accounts of law-abiding customers into its own.
That follows upon a much bigger hack in, when Japanese cryptocurrency exchange Coincheck said it lost more than £380 million in tokens. The value of bitcoin plummeted 10% in a single day following the Coinrail revelation, dramatising how sensitive the market is to even a small compromise.
🛑DISCLAIMER: I am not a financial advisor . All contents discussed on this blogpost are solely my own personal views and for education/entertainment purposes only . Do your own research and due diligence.
There's actually a chance of being bullish today on BCH due to a cross over on the MA (Moving Average); So Brace Up :)
Bearish Terra (LUNA); The Lost Fortune!
With the current bearish price of Terra (Luna), we're all left surprised and perhaps even depressed after losing a whole lot of investments on the Terra coins. The Founder Do Kwon had something of a reputation on Twitter for arrogance, in some circles, so some think it may have been a personal attack as well. One theory was put forward by the founder of Cardano Charles Hoskinson, although he later deleted the tweet.
He tweeted that a large institution borrowed 100,000 Bitcoin from Gemini exchange. They then exchanged a large amount of that BTC for UST over the counter (OTC) with Do Kwon at a discount. He agreed, lowering the UST liquidity.That institution then allegedly dumped large amounts of both BTC and UST on the market causing a liquidation cascade of leveraged longs, slippage and panic selling by investors, many of which sold their LUNA holdings and unstaked their UST to sell it.
Many crypto investors could not resist the high returns offered by Luna and UST, which had almost $15 billion in total locked value at one time. Unfortunately, many people who had locked their UST have suffered massive losses, with some losing their entire life savings in the latest crash.
LUNA did pump over 100x from the lows of $0.00000112 . The LUNA price a week after the crash was $0.00018.It may be impossible unless a large part of the hyper inflated circulating supply of LUNA ( about 6.5 trillion LUNA coins) is burnt – the LUNA market cap would flip Bitcoin (with its $578 billion market capitalization) before the LUNA price even reached nine cents ($0.09).
After a significant amount of UST left the network, Terra stakeholders had to mint a lot of Luna to replace the UST, but they could not keep up with the large amounts of UST leaving the network. Hence, the death spiral continued up to the current dire situation.However, the company explained that it was doing this to attract investors and that the rate would fall over time.Luna and UST’s massive implosion is not unique. Many other algorithmic stablecoins have failed, with the most famous being the titan token that lost investors over $2 billion in June 2021, including Mark Cuban.
The idea to create an ‘algorithmic stablecoin’ where LUNA could be burnt in order to ‘mint’ UST to stabilize it whenever it loses its 1:1 peg to the dollar, and vice versa, is different to how other stable coins like Tether (USDT) and USD Coin (USDC) function. For example if UST hit 0.99, a small amount of LUNA would be burnt, and if it hit 1.01, a small amount of UST would be burnt.It worked, until it didn’t.Investors can burn UST tokens to reduce their supply and create more Luna to maintain their USD. However, the latest death spiral was triggered by an $85 million UST transfer from the Terra blockchain to the Ethereum blockchain via the Wormhole bridge.
The reasons for the LUNA crash are deeper though, and are a warning on crypto price volatility. Some investors are also looking to buy the dip on Bitcoin and buy Terra (LUNA) at these low price points.The LUNA market cap would reach its former $40 billion at a LUNA price of just over half of one cent ($0.006). That’s calculated by multiplying the LUNA crypto token price by the supply in circulation.
It seems like this is the end of the road for UST and Luna since there is little chance that the two tokens shall recover if history is anything to go by. Investors should learn a lesson from this debacle and steer away from algorithmic stable coins.
🛑DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for education/entertainment purposes only . Do your own research and due diligence.
Polkadot: Buy The Dip?
Since the December 4 crash, Polkadot’s price has been consolidating and is indicating that it is about to make a move higher. Polkadot’s price could rise to $35.04 in a highly bullish scenario, representing a 34% increase.
Polkadot’s first hurdle will be $29.54, roughly 14% above its current price of $26.01. Beyond that, DOT will test the $30.92 resistance level, which would indicate a 20% upswing. If DOT eventually establishes a swing low below $24.35, it will establish a lower low, thereby invalidating the bullish sentiment. Polkadot’s price may then revisit the immediate support level at $22.66.
According to the daily chart, after touching the resistance level of 3460 SAT, the DOT price slides a little below the daily high of 3460 SAT but still keeps the price above the 9-day MA. Now, traders may begin to retreat and could touch the nearest support level of 3000 SAT and below. However, if the current level can act as a solid line of defense against any further downtrend; the resistance level of 3900 SAT and above may come into focus.
Polkadot’s price could rise to $35.04 in a highly bullish scenario, representing a 34% increase.As a result, investors can anticipate an increase in Polkadot’s price. However, there is a possibility that DOT will retest the $24.84 support level for the third time in a special circumstance. This move would result in a triple bottom formation, increasing the likelihood of an upswing.
As of today, On the 4h timeframe, there's also a cross over on the 50 MA which indicates a bullish movement unless there's a sudden retest.
A couple of retests on the support and resistance zone had also been made as the above chart says it all.
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
Until next time, Peace.
Ethereum Fees reach a 6-10 months low!
On the Daily Chart With the current price of Ethereum being at $1,879.2, ETH is struggling at a descending line that has provided both support and resistance for more than a year.
The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction . The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the median-sized ethereum transaction fee on May 29 is around 0.00086 ether or $1.56 per transfer.
Some media outlets are reporting that a drop in NFT transactions is a reason for the drop in ETH gas fees, but that doesn't seem to be the case. If you look at the last 30 days of activity on the definitive site for NFT metrics -- NonFungible.com -- the number of NFT sales is up more than 565%, sales revenue is up 231%, and active wallets are up 280%.While not financial advice, and keeping in mind that you should always do your own research and only invest what you can comfortably afford to lose, if you're looking to buy your first NFT you can save a lot on transaction fees right now.
The cost to move an ERC20 token like USDT or USDC, is about $4.37 per transfer. In terms of Ethereum’s aggregate 24-hour ETH mining rewards, miners pulled in approximately $50,241,489 on Sunday, May 29. That’s around 94.7% of the fees bitcoin (BTC) miners acquired on Sunday, as bitcoin miners captured $53,035,200 in BTC mining rewards during the past 24 hours.
There are likely several contributing factors to the lower usage of the Ethereum network and the corresponding drop in fees. One of the most popular drivers of volume on that network for more than a year has been for decentralized finance (DeFi) activity. When DeFi initially launched, Ethereum had more than 90% share of the traffic. According to DeFi Llama, the DeFi dominance of the ETH blockchain is waning. Users have been moving transactions to other blockchains with cheaper fees as seen in their share below of the current DeFi market:
Ethereum: 54%
Terra: 13%
Binance Smart Chain: 6.0%
Avalanche: 5.5%
All others: 22%
Boba Network’s ether transaction fees are $0.17 right now, and the cost to swap a token using Boba is $0.35. When ETH fees are low, it’s a good time to transact if there’s a need to move ethereum or an ERC20, swap tokens, or conduct a sale on a non-fungible token (NFT) marketplace.
Ethereum network fees are the cheapest they have been in over ten months and around 12 p.m. (ET) on Sunday, the average ETH transfer fee slid to a low of $2.96 per transaction. As the day continued on, average ether fees have jumped a bit higher to 0.002 ether or $3.56 per transfer.Ethereum’s transaction fees have not been this low in quite some time. Bitcoin.com News has been covering the fact that gas costs have been dropping since mid-February and during the first week of March, ethereum transaction fees slid to just above the $10 mark.
The last time average ETH fees dropped below $3 was on July 11, 2021, or roughly ten months ago. In fact, during a few weeks in July 2021, average gas costs using Ethereum’s layer one (L1) network were between just under $3.00 to just above $8.00 per transfer.In addition to average ethereum fees dropping to fresh lows, median-sized gas costs have dropped a great deal this week as well. For example, on March 8, 2022, the median-sized ether fee was 0.0014 ETH or $3.73 per transfer, and today it’s 0.00086 ether or $1.56.
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and ideas concluded after some research education/entertainment purposes only . Do your own research and due diligence.
BCH: Was the Bearish Movement predictable? #71
Well if you ask me, it was totally predictable due to my use of technical analysis and maybe a little bit of fundamental analysis but it was surely predictable.
What's the beauty of knowing an upcoming trend on the crypto market are the amazing gains and profit you make. Many Holders in the crypto space that have most of their portfolio filled with those top Crypto coins Such as BTC,ETH,BCH and the list goes on would probably be in a massive loss right now with the exception of those that had the idea of an upcoming bearish market.
Having an idea on the upcoming bearish market could have saved you a whole lot of cash and even give you gains ontop of your initial capital if you took the right steps to overcome the bearish movements in general, we'll get to that shortly....
I made an analysis on BCH on this post were I spoke about the next possible bearish movement especially as there was a retracement on a resistance zone at $384. Right from that moment, we were already bearish, but just at the early phase when the price dropped to about $295 but we still had hope on a price increase which came about and we went bullish to the point where we were priced at $347. As the time goes on, the bearish movement became quite clear and inevitable. https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series64-5f05c93b
Back to the question, Can we be profitable on a bearish market? ofcourse we can. You have varying options to choose from in regards to how to use your Crypto on a bullish market.
You could choose to either convert your Crypto coins into stable coins like usdt,usdc and the rest to prevent a huge loss on your portfolio.
Investing in developing projects is major jab on gaining massive profits. But what to be aware of is the fact that to be successful on investing on developing and upcoming projects, is the risk that accompanies it as there's a really high risk of investing on a scam project.
Last option on the list, which is my favorite is to trade your coins on various trading platforms out there. This could also be very rewarding if you're to use a good strategy and follow it up with a good and proper risk management.
The current price of BCH is at about $197 after all the bearish movements. The price of BCH is has not only gone bearish but it even went as far as breaking the support zone at $264 and also seems to have created a resistance zone at $227.
The 200 Exponential Moving Average (EMA) and 50 Exponential Moving Average (EMA) are also not supporting a bullish movement right now as we still are unable to cross above it.
Note: A successful crossover usually supports a bullish movement 60%-80% of the time. And it becomes even more reliable if there are other strategies that are used to support it.
If you have plans to invest in projects on Smatbch then I'll say it's a good idea but just to be on a clear side and to make things clear for the readers of this post, Alot of projects coming up nowadays are scams. Even though investing in projects are things we all should consider doing at some point of time, You should always remember to Do Your Own Research and invest on projects with a bright future not on a rug pull shit scam projects.
`DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for education/entertainment purposes only...`
STEPN: (The Move-To-Earn Project).
STEPN is basically a move to earn project which was developed on the Solana blockchain which is a non- fungible tokens (NFT) based game that literally pays you for moving, Just as it says.
With the new advent of Play to earn games (P2E) on the crypto world, we also have new projects that are the likes of STEPN like Genopets (GENE) and Dotmoovs (MOOV) which are Move to earn games (M2E). The M2E games can also be seen as a Web3 fitness app which rewards you for training.
For you to be eligible to play the the actual STEPN game, you'll have to earn your very own NFT sneaker which comes in different quality and rarity levels basically having different skills and attributes which can be minted and also sold off on NFT Markets. The better the quality of the sneakers, the higher chance of you been profitable. Nevertheless, the higher the quality, the higher the price.
Having to earn while walking I a good and easy way to earn money,but is STEPN really profitable and even worth investing on?.. well it's all up to you to decide. Let's breakdown the basics of using STEPN.
Firstly, for you to get started with the game, you'll have to buy an NFT sneaker which you'll be using for the game which will cost you nothing less than $1100 Worth of solana early this month.
Not to mention, there are limitations to each sneakers which could be the time allowed for an individual to walk. Just as the basic NFT sneakers would allow a 10 minutes walk every 24 hours, better rated sneakers will allow longer time durations but will in turn cost more.
The sneakers are also not lasting for a lifetime, as you'll have to replace them as they wear off. To prevent them from wearing off, you'll have to repair them to keep them in good shape.
The current price of the native token of STEPN which is GST is at $5.33 Although there are other fees which makes your earnings even less, I'll say it's still a rather entertaining way to earn money as you stay fit.
Previous Articles:
BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#70 https://read.cash/@InvestorOmar/btc-analysis-crypto-analysis-crypto-to-the-moon-series70-5bbd7740
BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#69 https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series69-9f8d478f
BTC Analysis; Crypto Analysis; Crypto To The Moon Series.#70
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
BTC 1D Timeframe
Using the 1D timeframe, we can definitely see as though we are about retesting on a support zone, if there's a successful retest then we're going bullish. But the question is what are the chances of actually going bullish on BTC, I'll say it's pretty low as of now.
I personally think that the above support zone won't necessarily be acted upon and we're going to be breaking it. Hopefully we don't take the bearish movement too far though.
BTC 2h Timeframe
We seem to be going bullish over here on the 2h timeframe, the analysis shows that we'll soon be enrolling in a bearish run for sometime the reason been that we just retested on a resistance zone which is close to the $40,000 mark.
The M.A says we're bullish, I'll say yes,we are.. But not for so long Due to the fact that we're not necessarily going to be acting on it for so long.
The next support zone is on the $39,129 zone which could be our next stop hopefully as we go bearish.
`More Fundamental Analysis Below`:
**Bitcoin follows fresh US stocks dive as analysis 'expects' BTC price to take $37.5K liquidity** https://www.google.com/url?sa=t&source=web&rct=j&url=https://cointelegraph.com/news/bitcoin-follows-fresh-us-stocks-dive-as-analysis-expects-btc-price-to-take-37-5k-liquidity/amp&ved=2ahUKEwimpfe93Kr3AhWJg_0HHThfCdEQke8DegQIRxAZ&usg=AOvVaw3Tz6Bp5v_F5TQIKEGLBe6i
**Bitcoin funding rates show demand to short BTC as $40K becomes resistance.** https://www.google.com/url?sa=t&source=web&rct=j&url=https://cointelegraph.com/news/price-analysis-4-22-btc-eth-bnb-xrp-sol-ada-luna-avax-doge-dot/amp&ved=2ahUKEwimpfe93Kr3AhWJg_0HHThfCdEQke8DegQIRxAU&usg=AOvVaw0bbF_pbWNdjz_uFLiE-cZG
Until Next Time, Peace.
Previous Analysis:
**BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#69** https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series69-9f8d478f
**BCH Analysis, Crypto Analysis, Crypto To The Moon** Series.#68 https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series68-20d44341
April 23,2022

BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#69
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1D Timeframe
The 1D Timeframe shows us a retest and respect to the resistance zone above as we're not able to cross over it.
Furthermore, there M.A (moving average) acts as a resistance zone as we go bearish upon a retest.
As of making this analysis, we're currently going bearish and experiencing a decrease in price on BCH.
Even though we're still based on a support zone to make us bullish, the chances are quite low for us to experience a bullish movement as of now.
upon experiencing a bearish movement, the next support zone should be at about $295.
BCH 5min Timeframe
The 5 minutes timeframe also shows a continuous bearish movement as the moving average is above the candlesticks formed further taking the price down.
A good breakout can bring about a change in the current bearish market for good.
Previous Articles:
**BCH Analysis, Crypto Analysis, Crypto To The Moon Series.#68** https://read.cash/c/bitcoin-cash-hub-0cd1
**BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #67** https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series-67-6a5cd8a7
**Swap your crypto anytime for free without account registration** https://sideshift.ai/a/Omar
Until Next Time, Peace.
BCH Analysis, Crypto Analysis, Crypto To The Moon Series.#68
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said let's get into it;
BCH 1D Timeframe
The analysis we are making on BCH is been followed up step by step as we progress through the days.
After the retest on the resistance zone at $295 mark, we went bullish just before stopping at the resistance zone at $347 before going bearish at which point we made our analysis on yesterday.
The decrease in price we experienced yesterday was also partly due to the breakout on a formed trend line.
BCH 4h Timeframe
We mentioned yesterday of the possible bullish or increase in price as we were based on a support zone yesterday which will support a bullish movement or increase in price. And guess what? We were right on that.
As for now, I think a continuous bullish movement could help a little especially if there's a breakout on the above resistance zone.
What we can base on right now to support a bullish movement or an increase in price is the fact that the M.A (Moving Average) is under or below the candlestick and it therefore acts as a support zone.
As we all know, Support zones supports an increase in price. So, yeah, I think that's what we're relying on for now for a bullish movement and that too if reacted on. If not, we go the opposite direction which is bearish. But thankfully the support zone is not far from where we are.
`Have A Nice Day:)`
`@InvestorOmar✓`
Previous Articles:
BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#66 https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series66-d4f9051c
BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #67 https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series-67-6a5cd8a7
Until Next Time, Peace.
BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #67
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1D Timeframe
Looking back at our chart, It's Good to say the points we made on our analysis on BCH are been met as the days go by. We unfortunately woke up to a bearish market but might not last for too long, in time we'll get to see why.
On Our last analysis on BCH, we where still at $347 mark which was acting as a resistance zone, and as we all know, resistance zone are made to make the price bearish in other words make a possible decrease in price if respecected.
Even Though a breakout of the resistance zone could have made us bullish or increase in price, we just couldn't breakthrough which made us bearish as we're now priced $325 as of making this analysis. Any expected point to stop the bearish movement?
BCH 4h Timeframe
We'll be using the BCH 4h Timeframe to find the next possible support zone to stop our bearish movements.
It might be delightful to know that we're already on a possible support zone which can stop the bearish movement and possibly start a bullish one if acted on. But the downside of this support zone we are currently based on is that it's quiet a weak one.
Failure to act on this very support zone, we'll go even further down to to the nearest support zone which is at $295 once again.
`@InvestorOmar✓`
Previous analysis:
**BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#66** https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series66-d4f9051c
**BTC Analysis; Crypto Analysis; Crypto To The Moon Series.#65** https://read.cash/@InvestorOmar/btc-analysis-crypto-analysis-crypto-to-the-moon-series65-9a8a0038
Until Next Time, Peace;
Introduction To Yooshi.io
The decentralized Meme coin grows into YooShi's game Metaverse.
YooShi devotes to build a bridge between the the P2E game and players and make the game not only for fun but also can make money!
Growing 430k+ Community & more on the horizon!
Though their DAO is not available yet, these are some common answered questions investors might have.
Why is it named “YooShi”?
YooShi’s name and image are inspired by a dinosaur in Super Mario, whose name is Yoshi.
**What’s the tokenomics of “YooShi”? And how do we expect the price of “YooShi”**
At the genesis of Metaverse, more than 50% of YooShi tokens will be burned by sending to “Black Hole Account”. In the operation of Metaverse, 4% of transaction fees will be distributed to all holders including Black Hole Account, resulting in exponential burn of the total supply, 3% of transaction fees will be locked in liquidity pool, 3% of transaction fees will be allocated to NFT Farming. These have guaranteed a continuously rising price floor.
**How do I buy $YOOSHI? Is it safe?**
$YOOSHI is based on Binance Smart Chain and liquidity is locked in PancakeSwap. The ownership of contract has been transferred to the burn address. It is totally unruggable.
You could get $YOOSHI on PancakeSwap (More exchange platforms is coming).
Contract address: 0x02ff5065692783374947393723dba9599e59f591
**Is there a presale or team allocation?**
100% Decentralized. YooShi token is community-led and managed by volunteers. There is no presale and team allocation.
**Is the $YOOSHI auto-staking? Could I get tokens just by holding it on my wallet?**
Yes, Safe Auto-farming: 4% of all transaction fees are distributed to holders. You will see a wealth accumulation in your wallet at the minute you start holding.
**What’s the NFT blind-box (Farming)? How do we participate in ”YooShi BOX”?**
YooShi token owns an innovative NFT blind-box playing way. Users can use YooShi to open YooShi BOX for NFT. You not only gain collection value, but also can be pledged to NFT farm to obtain YooShi token income.
3% of all transaction fees will be injected into NFT Farming. The rarer the NFT, the higher the profit will be obtained!
Does Yooshi have any plan in marketing and listing?
Firstly Yooshi will add the liquidity on PancakeSwap, and will work with more exchanges, communities, medias to increase exposure. All achievements come from and belong to the community.
Completed and Achieved: Roadmap
`CoinGecko Listing`
`CoinMarketCap Listing`
`Partnership Announcements`
`Audit By Ether Authourity`
`YooShi Family`
`Donation Campaign`
`Game+NFT+Farming`
`NFT Farm Performance Upgrade`
Yet to Complete: Roadmap
`Marketing Push`
`New Top Exchange Launch`
`Further Ecosystem Development`
Yooshi app available:
**Playstore** https://play.google.com/store/apps/details?id=com.yooshi.imyooshi
**Download Apk Android** https://api-server.yooshi.io/service/pkg?type=apk
Source: **Yooshi.io** https://yooshi.io/
BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#66
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said,let's get into it;
BCH 1D Timeframe
Looking back at the previous analysis made before the dip, we currently seem to be retesting on a major key level which where formed by many candlesticks with the last one formed on December 4th.
Since we experienced the dip, we've been finding it hard to cross the $400 mark as that's where the resistance zone is formed.
A good breakout from the resistance zone could be a sign for a possible continuous bullish movement for some time.
BCH 4h Timeframe
On the 4h Timeframe, we could see the retest at $384 which made us go bearish and finally landing at a support zone at $295.
Upon reaching the support zone, we immediately got an increase vin price which brought us to where we are now which is still a resistance zone and could anticipate a bearish movement unless there's a successful breakout.
BCH 1h Timeframe
The use of the 1h timeframe brings more hope of a bullish movement as we made it across a trend line formed after multiple retest on a resistance zone.
The structure is more of like a symmetrical triangle and the break out is at a bullish path. Hopefully the resistance zone doesn't have much effect on us and we go even more bullish.✓
`•~•`
Swap your crypto anytime for free without account registration https://sideshift.ai/a/Omar
**Previous Articles**:
BTC Analysis; Crypto Analysis; Crypto To The Moon Series.#65 https://read.cash/@InvestorOmar/btc-analysis-crypto-analysis-crypto-to-the-moon-series65-9a8a0038
BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#64 https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series64-5f05c93b
Until Next Time, Peace.
BTC Analysis; Crypto Analysis; Crypto To The Moon Series.#65
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
Starting off with the;
BTC 1D Timeframe.
Upon the use of the 1D timeframe, It seems to be as though BTC is respecting a major key level which is acting as a support zone which could in turn bring about an increase in the price of BTC.
A successful retest and increase in price can easily get us above the $45,000 mark once again.
BTC 4h Timeframe.
Upon the use of the 4h timeframe, there has been a breakout from a trend line after we experienced an increase in price which took the price of BTC to about $48,000.
We also got to find out that a failure to retest on the current support zone which we are based on, we'll head even more downwards as we reach for the lower support zone which is at about $39,129.
Overall, many people in the crypto field generally accept that the price of BTC is Soon about to skyrocket Which might be creating a FOMO feeling for some.
The price increase is quite obvious but we can't tell when it's happening.
**https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series64-5f05c93b**
**https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series-63-02c1cca1**
Swap your crypto anytime for free without account registration https://sideshift.ai/a/Omar
Until Next Time, Peace.
BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#64
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1D Timeframe
Starting of with the 1D timeframe, we can see a clear bearish movement as BCH failed to break the support zone. A retest occurred as we respected the resistance zone which made the price of BCH drop.
But not to worry, we're probably already at the next support zone which could act as an agent leading to a bullish movement or increase in Price. Failure to retest and act on this support zone, we might head towards the lower support zone which is at about $295 respectively.
Upon the use of the 4h Timeframe, we can see a proper bearish movement or decrease in price which occurred on the BCH chart. As we make use of the Moving Average (M.A), A breakout in a bearish path is easily spotted as we drastically make our way down.
Although the Moving Average is now on our side supporting a price increase, Only Time will tell if it will be acted upon or rejected.
BCH 2h Timeframe
The BCH 2h Timeframe could also be supporting a price increase if the Moving Average is respected as a support zone.
There's also a key level at $347 which could act as a resistance zone upon us reaching it successfully.
Hopefully, The bullish path is supported and we get an increase in price Soon:)
Have A Nice Day:)
Swap your crypto anytime for free without account registration https://sideshift.ai/a/Omar
Until Next Time, Peace.
BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #63
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1D Timeframe.
On the 1D Timeframe, the analysis we made on the previous articles regarding BCH are still in use. As we've stated before, the price will go down which it did eventually.
And we also stated that it will slowly but steadily recover which is were we are now as the price reaches for the resistance zone. Though we could say it's already there since it's really close to the resistance zone already.
At this point, either one of two things could happen, which are:
We breakout the resistance zone and continue our way up. Which is what most of us want.
`OR`
The resistance zone has effect on us and therefore takes the price further down. Which is not what most of us want.
BCH 2h Timeframe.
Whereas on the 2h Timeframe, we are moving in a rather ranging pattern which is not something I like personally while making analysis as it makes it difficult to determine the next price movement.
We are at a point which seems to be acting as a support zone which is good. But like I said, it's ranging and there's no real pattern to identify a possible trend.
BCH 1h Timeframe.
After a breakout from a trend line which leads to a a ranging pattern On the 1h timeframe, we are still in a ranging like pattern but just that the support zone looks even more reliable on this timeframe as it has been acted upon many times.
This could be a positive sign that we're going bullish anytime soon.
**Swap your crypto anytime for free without account registration** https://sideshift.ai/a/Omar
Until Next Time, Peace.
My Seasonal Depression.
This time around, I think your investor is gonna finally take a break on crypto analysis and just speak on life experience and feelings, let's take a little break. But don't worry, I'll be continuing with our analysis.
Seasonal Depression
Have you ever felt or experience this feeling of depression and anxiety (sometimes anger) but all just during some certain seasons? Trust me, people like me that experience this feeling really know how weird and strange this feeling is.
Can't explain the laziness, anger, feeling sad and moody all for literally no reason at all. Even though things for me regarding these emotions I felt during these season, mine specifically the Monsoon or Rainy season are really better almost as though I had never experienced this before, I can still pretty much remember it as if it was yesterday.
Funny enough, I remember the fright and anxiety I felt seeing the huge dark clouds form as I can tell what's coming next. People seeing me angry and moody, probably asking me sometimes "what's wrong" but coming to think of it now, I'm just laughing as I would usually feel too angry to even speak or answer them. Fair enough, this really pissed some people off and rightly so. Not to speak of some other things I did out of anger as there's the belief that "wine and anger are the root of all evil". I eventually got quite frustrated at myself for some of my actions.
As of the solution to this, hmm, there might just be different ways you can at least try to feel better in these situations, not to cure them entirely though, but yeah, it's still worth trying.
One of them is probably just taking a trip to a different region be it a different state or country having a different climate or weather condition that's more favourable to you if you're chanced. This step can be really effective as it gives you a chance to socialize and make new friends, explore different places and also most importantly elevate your seasonal depression. So you can really try this out, if you're down for it.
Another more simpler but still effective way is performing activities you love usually your hobbies with the people that make you feel better. These could be your friends or close relatives you generally feel good been around. Even though this is effective, I'll say it is not as effective as the first as you might not possibly always be around and nevertheless, things might get really boring, as you run out of ideas.
These are just a few steps to feel good eventually during these seasons. What do you think of Seasonal depression? Had once or still experience it, Let me Know in the comment section. Like I always say, feel free to express yourself.
By the way, don't get me wrong as Rainy or Monsoon season are really the best for kids, trust me when I say the fun I felt as a kid was unlimited, Just when I grew older..
`Don't Forget To Have A Nice Day:)`
**Until Next Time, Peace.**
BCH Analysis, Crypto Analysis, Crypto To The Moon Series. #62
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1D Timeframe.
The analysis we made on Bitcoin cash yesterday is as of now still going as said and planned as we slowly but steadily approach the nearest support zone seeking a bullish movement.
As of writing this article, the price of Bch is at about $357 after going bearish yesterday. But all these will change if there's a successful retest on the support zone.
BCH 2h Timeframe.
As per the 2h timeframe, after a successful retest on the resistance zone, it made it's way down still heading for the support zone.
Our last analysis on the 2h timeframe was based on the use of the Moving Average which was however about to be Crossed yesterday.
But as of now, I'll say it has successfully crossed and also now acting as a resistance zone. Hopefully it turns to a support zone sooner than later.
BCH 1h Timeframe
Whereas on the 1h Timeframe, we're able to successfully spot out a trendline which is acting a resistance zone as it pushes bthe price downwards.
A successful break out and maybe a possible retest, we'll definitely be on a bullish path as we gradually increase in price.
For now, even though we're reducing in price, I'll say it hopefully won't be for so long as long as the support zone is respected.
`Have A Nice Day.`
Swap your crypto anytime for free without account registration https://sideshift.ai/a/Omar
Until next time, Peace.
BCH Analysis; Right Expectations; Crypto To The Moon Series. #61
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1Day Timeframe.
From where we stopped at on our last analysis on BCH, our expectations on the price movement of BCH have been proven to be right, as they say "So far, so good".
Our previous analysis was based on the bullish movement of BCH for sometime and also on the bearish movement (reducing in price) of BCH after a retest on the resistance zone which have All occurred so far.
Although from our analysis, the price will continue it bearish movement for some time as we're currently priced at about $359, the price would be expected to reach about $350 before a final really good increase in price (Good Bullish movement).
The increase in price might be due to the upcoming retest on the support zone not so far from where we are now.
BCH 4h Timeframe.
Upon the use of the 4h Timeframe, apart from the retest we previously discussed on the 1D timeframe, there's also about to be a break out on the Green Moving Average (M.A) as we head towards a support zone for a bullish movement.
We can easily spot a second support zone around $320. A failure to retest on the first support zone which is at about $350, we might eventually go further down to retest at the second which is at about $320 respectively.
BCH 2h Timeframe.
On the 2h timeframe, we get the same view as that of the 4h but in a detailed manner. The breakout on the Moving Average has already occurred here on the 2h Timeframe as we head towards the support zone for a possible increase in price.
Well, I think that's it for today:)
`On today's analysis on BCH, Our final Verdict is a soon expected increase in price.`
Previous BCH Analysis: **BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #59** https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series-59-47c35b17
**Until Next Time, Peace.**
BTC Analysis; Crypto Analysis; Crypto To The Moon Series. #60
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BTC 2h Timeframe
Upon the use of 2h Timeframe, it's quiet obvious that the price of BTC will be increased initially even as I successfully spot a support zone which will probably increase the price of BTC maybe for a relatively short period of time though since we're on the 2h timeframe. Although, let's go on with the analysis to get more information, shall we..
BTC 4h Timeframe
Upon using the 4h timeframe, we're currently able to see a bullish movementmovement or increase in price taking place after a retest on a support zone.
Although after the increase in price, we eventually reached a possible resistance zone which could eventually lead to a bearish movement if it happens to have affect on the price movement. But for now we're still bullish.
A successful continuation on this bullish path and we'll break the resistance zone and furthermore have even more higher potential for a better bullish (increase in price movement).
BTC 1D Timeframe
Moving on toa larger timeframe, on the 1D Timeframe we're left with an already retested support zone which lead to an increase in price.
As of making this analysis, we're still stuck up at the resistance zone as a break out to a bullish path will certainly help, a retest on the resist zone could also lead to a bearish movement.
Hopefully we go the Bullish though but if there's eventually a drop in price, we might just be landing at $39,200 respectively as it is, there's a key level at that point which acts as a support zone. Support zones support increase in price while Resistance zone support a decrease in price.
`Well, I think that's it for now, Please don't feel shy to leave a comment on the comment section:)`
**https://sideshift.ai/a/Omar**
**Until Next Time, Peace.**
**Have a nice Day.**
BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #59
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1w Time Frame
A single candlestick formed on the 1w timeframe makes a big change on the price of a Crypto Assets be it Bitcoin, Altcoins or shitcoins.
As for now, there's a bullish formed candlestick which is on an increase. To support the bullish movement comes a moving average cross and a retest on a support zone.
If we're to continue on this path, we might just be going bullish.
BCH 2h Timeframe.
On the 2h timeframe,we just broke out from the symmetrical triangle from the previous analysis I made on 2h timeframe on a bearish path though.
After the break out, we went bullish for sometime before retesting on the former trend line used as a support zone. We're currently based on a key level which can act as a support zone and further lead to an increase in price as we go bullish.
BCH 4h Timeframe.
On the 4h Timeframe, I can easily identify the next resistance zone or the next price we can potentially reach after going bearish or increasing increasing in price which is at about $300.
`Well, I guess that's it for now. Have A Nice day:)`
https://sideshift.ai/a/Omar
****Until Next Time, Peace.****