My top 1 coin and pick during this bear market for the next bull run.
It's been over a year since we experienced the start of a major down trend in the crypto market and since then fears are the sentiment from a lot of people in the crypto space. And indeed we got in the expected bear market where most coins dropped over -90% from their last bull run highs.
When the whole market was in an uptrend, lots of people became too greedy for more and ended up losing their investments when a major drawdown happened. But right now, when the market has dropped significantly, people are worried and feeling fears that the market won't be able to recover anymore.
But the best time to build up our portfolio was during these times, when the whole crypto market was in a huge sale and trying to pick up a project and get ready for the new bull run that could be happening in a time where no one can expect.
And this article will be about my top 1 pick that has a huge upside potential when a new uptrend takes place that's currently undervalued with great history of price action from the last bull market.
**$WOO Token**
$WOO is probably my best pick at these time that can have the same potential as $BNB. The people behind this project aren't just small fries in the crypto space. Kronos, a group of people, that contributes billions of dollars of volume trading everyday, are behind this great project.
During the recent bull market, $WOO token made an all-time high of over $2.00. Currently, $WOO is trading at $0.1850 with a market cap just over $220 million. Such a low cap with great features and huge upside potential in the near future.
$WOO is a deflationary exchange token because of its monthly burning mechanism. WOO Exchange, the trading platform of WOO network, uses a huge percentage from trading fees to buy back $WOO tokens and burn them to have a lesser token circulation in the open market.
WOO token offers great features for its users. And the best thing I personally like is its zero-trading fee in its platform. You would only need 1,800 $WOO tokens, stake it and you will be automatically eligible to have a zero-fee trading experience in their platform.
You can also stake $WOO and receive a yummy APR of 16% from the different liquidity pools that's available in their platform.
My Price Prediction For $WOO Token.
Currently sitting at just over $220 million market cap, $WOO is undeniably a very low cap project that has a lot to offer for investors, traders and institutions. For the next bull run, I can see this project skyrocketing to at least at $10 billion valuation - that will be around 50x of current valuation.
It may seem very impossible to reach it but if the team behind this project continues to deliver. We might see $WOO token trading at $10 per piece. Of course, this will not happen overnight and obviously no one can say when will it happen. But the product, the team and its value for the crypto space is saying that it will eventually get there.
*This article is not a financial advice to anyone and does tell anyone to do everything I mentioned in this content. This is only my personal view and serves as guide to everyone who reads. Trade responsibly and trade at your own risk.*
Lead Image from *Coinkolik*. https://www.coinkolik.com/wp-content/uploads/2022/10/woo-network.jpg
Is this the best time to buy again? BCH price correction as an opportunity.
As crypto pioneers and analysts says, during a bear market is the best time to build your wealth/portfolio in crypto. Accumulating the asset that has a fundamentally huge upside potential that is currently at a very huge discount (from its all-time high) is the best approach while waiting for another crypto market cycle (bull market).
Bitcoin Cash is one of the best option to have in our portfolio as it has already fundamentally proven its worth during its 5 years of its existence. It has survived lots of downfalls but it always managed to came back as one of the best performing crypto asset to be in everyone's portfolio.
Bitcoin Cash Correction Equals To Opportunity.
During a market bull run 2 years ago, Bitcoin Cash outperformed Bitcoin in terms of price growth where we saw Bitcoin Cash was up by more than +500% in just a span of less than 6 months. During that time, Bitcoin Cash went over $1,600 and we had wish since then for Bitcoin Cash to go back below $1,000 to accumulate more.
After more than a year since reaching that high, Bitcoin Cash went to $95, just over -20% more to reach its all-time low, due to bad market conditions. And this unexpected opportunity came before our eyes which is indeed the best time to jump in to not make the same mistake of being left behind again.
Currently, Bitcoin Cash is trading around $137, a growth of over 45+% from this year's low. It has corrected to more than -17% after making a run to over $160 per Bitcoin Cash. If you have read my previous article about BCH price analysis, it was almost 100% accurate and I'm expecting for it to reach my targets in the coming months. If you want to read it, click *here* and I will also leave a link below. https://read.cash/@Mr.Valentine/bitcoin-cash-showing-strength-against-btc-and-usdt-b72a58c8
BCH Price Analysis. Possible Ways To Go.
This wasy previous charting from my previous analysis and it's an accurate one where BCH were rejected clearly from the resistance that was once a support.
This currently my charting for BCH. As shown in the image, BCH respected the $129 support and bounced from that area. It was once a resistance and currently flipped into a support for the price of BCH.
But the most noticeable in the chart is that the confluences are giving indication for a possible continuation of growth for BCH. As you can see, the daily chart of BCH formed a big cup and currently trying to create a handle. I am expecting that the handle will be created not long from now and if this plays out, BCH might target $200 in the coming days according to chart.
The cup and handle pattern is a bullish pattern where traders are waiting for an opportunity if the pattern breaks out, their will be a possible huge buying volume continuing the run of BCH.
However, if the cup and handle pattern failed, the most possible scenario is that BCH might range from the rejected resistance to the flipped support before deciding for the direction to go.
BCH has a strong support at $117 and this also confluence as this is where the daily MA50 lies that also acts as a strong support for BCH. If BCH losses this support and trading below the daily MA50, there is a high possibility for it to be in a down trend in daily once again. But if BCH continues to hold this level and manage to break the $170-$117 range in an upside direction, BCH can easily go above to $200 in the next coming days or weeks.
Summary.
BCH went to $166 resistance and rejected from there.
BCH find support at $129 and currently holding this range.
A huge cup and handle pattern was detected and this strongly indicates for another upside direction.
BCH might range from $166 to $117 in the coming days to decide where to go.
BCH strong support at $117 and confluences at daily MA50.
Breaking support can create new downtrend momentum.
Breaking cup and handle pattern and $166 daily resistance can lead to $200 for BCH.
*All images are from my TradingView account.*
Related article: *BCH Price Analysis.* https://read.cash/@Mr.Valentine/bitcoin-cash-showing-strength-against-btc-and-usdt-b72a58c8
I am now Grad-waiting!
From the beginning of this year, I have been very busy and more focusing on school things that I lacked so much focused on the things that I used to love - writing, talking with crypto friends and learning and researching new crypto projects.
For the past 6 months, I am now nearly 100% to completion and just down to 3 things that I still need to accomplish; Thesis, OJT manual and the Graduation day.
During the last quarters, life wasn't so easy as I was struggling so much especially when it comes to my financial situation. During OJT days, I was lucky that I was deployed in our Municipal Hall which is only a few meters away from my home and that made me save a lot from transportation expenses.
After finishing my OJT duty, we were immediately called to report to our university to comply some paper works in preparation for the graduation. I didn't thought that are still some pending works and expenses waiting for us to comply with them.
And the most frustrating thing we did was to finish our Thesis defense. Yes, we finished our OJT without finishing our Thesis that's why our coordinator were hurrying us to finish our Thesis because we needed the graded for us to proceed for the graduation. We finished our final defense, however, there are still some things we need to change but we will get through it.
Right now, we are focusing on finishing our OJT manual which was needed to be passed last Friday but due to unexpected circumstances, I was not able to.
Last week, my brother was admitted to the hospital due to amoeba and I spent 3 days and 3 nights in the hospital looking out for him. And just 3 days ago, this week, my girlfriend was also admitted to the hospital for the same reason. Obviously, there is already an amoeba outbreak in our province but the government is still not announcing it.
It might take time but I know I can finish my manual within this week. Hopefully our OJT coordinator will still accept my manual even though it was already very late.
When everything is done, all we really need to do is to wait for the graduation day announcement. There was an ongoing conflict with teachers about the graduation date since the newly elected Vice President wants the graduation to be on August but the teachers demanded to make it on September because there are still lots of things needed to be done.
And because of that reason, we are still blind when will the graduation date will take place. Us students wants the graduation to be early but we don't want to hurry our teachers. We haven't even started our graduation practice and graduation song yet so there is a high possibility that the graduation day might happen on September. Until then, we are still a Grad-waiting student.
Bitcoin Cash Showing Strength Against BTC And USDT.
These past few weeks were very crucial for Bitcoin Cash but Bitcoin Cash buyers and hoarders were protecting the $100 mark and trying to stand still in this prices.
The $100 price for Bitcoin Cash is an imaginary support for traders and long term buyers of BCH that needs to be defended because losing this price can lead to visiting the all-time low price of Bitcoin Cash which was at $75. Visiting this price could mean losing billions of market valuation for BCH and could possibly lead to a new all-time low.
BCH Technical Analysis Against BTC and USDT.
**Against USDT.**
On its daily chart, BCH has a small resistance around $157.6. With great volume, this can easily break and be flipped where the next target is $171.5.
If Bitcoin Cash reached $171.5, BCH might resist from it and correct to around $157 to gain more momentum to attempt breaking $171.5 again. The $171.5 price level is a strong resistance that needed to be flipped. If this happens, BCH can target $300 in the next 2 to 3 months. However, since BCH correlates with BTC most of the time, it will still somehow depend on how BTC will move.
**Against BTC.**
BCH made a great performance against BTC and flipped the MA50 on its daily chart. However, BCH was rejected at 0.00646 resistance and currently creating a wick from showing a possible correction. There was a strong volume and there's a high chance that it will be flipped in the next coming days and BCH against BTC might target 0.008 which is a very strong resistance that also needed to be flipped into a support to continue moving upside.
Final Thoughts.
Everything is bullish for BCH until it will drop and close below $110. If BCH close below $110, it is possible to drop near $100 again and demands from there might react once again. However, losing $100 might cause fear and we might see again its all-time low.
Currently, with USDT and BTC chart of BCH, everything is bullish after flipping the MA50 daily resistance. MA50 is a very respected indicator especially on a higher time frames. As long as BCH respect the MA50 on its daily chart, BCH will remain bullish and will continue to mover higher.
*This is a personal opinion as a trader and does not serve as anyone's financial advice. Always trade at your own risk.*
Is Bitcoin Cash Worst Case Scenario Still Yet To Come? What Should We Do?
Bears has beaten bulls and we have finally came in a very traumatizing season of a bear market. Analysts and market makers/dip buyers nearly reached their big target for Bitcoin as the price plummeted to $20,100 which was last seen over 2 years ago. As the reigning cryptocurrency, Bitcoin dragged the crypto market along with itself where top altcoins are losing already more than -90% since its peak during 2021 bull market.
Along with other top altcoins, Bitcoin Cash that was even fundamentally strong was not an exception to once again experienced a -90% loss in value. No matter how much confidence people has with the fundamentals and potential of Bitcoin Cash, it was still taken over by the fear of bear market.
Bitcoin Cash Possible Worst Scenario In This Bearish Market.
When it comes to its price, Bitcoin Cash somehow correlates with Bitcoin. When Bitcoin started dropping from $30,000 to nearly down to $20,000, the price of Bitcoin Cash was also dragged down but even more painful as it has dropped nearly -50% since the first day of June 2022. From $210 on June 1st to currently just over $114 as of making this article.
Though Bitcoin has dropped to a key levels traders were expecting to reach, there was no sign of demands and it was concluded that a possibility to drop even lower might happen in the next coming days or weeks. This could also mean that there will be potentially new bloodbath in the market and as Bitcoin Cash showing weakness in the charts, there is a high possibility that it will once again dropped below $100, or worst go below to its all-time low of $75 from 2018 bear market.
Data from Coinmarketcap. https://coinmarketcap.com/currencies/bitcoin-cash/
As I'm doing my research, there is currently no centralized exchange data for the total chart history of Bitcoin Cash and this is also the reason why the current chart of Bitcoin Cash in every centralized exchanges shows new all time low and showing very weak and massive sell pressures.
As we are already 100% sure that we are in a bear market, there is no assurance when will the market will start recovering or if there will be a continued bloodbath or will it be a long side way market. If the bears continues to take over the price action, surely more dumps will be seen in the next coming months. And in the case with Bitcoin Cash, this might be hard to accept but as the chart and emotions are saying, reaching or making a new all time lows are more possible in the short than a +100% recovery.
What Should You Do?
During bull market, people say to buy the dip and keep holding. For long term holder, this is a very good approach but if you want to maximize the potential earnings in the market, you should know when you should go in and go out.
Fomo and hype were building during a bullish market when people started buying instead of selling. While fears and panicked are build during a bear market when people are selling and staying aways instead of accumulating.
As one of the cryptocurrencies, Bitcoin Cash is one of the strongest coin/asset that are fully decentralized and community-driven with a long term potential.
No one can really predict how low can Bitcoin Cash go or when will it start its run again in the market. But as one the strongest and pioneer cryptocurrency in the crypto market, Bitcoin Cash gives assurance that even if it creates a new all time low, it will always be back on its knees and high possibility to reach and break and its past highs.
Conclusion.
Bear market is time when lots of people are staying away in market instead of building up their portfolio. People should know that if a bull market ends, a bear market should too. There will always be opportunities in the crypto market and a bear market is a good time to start building up your wealth.
In the case of Bitcoin Cash, buying it below $100 will always be better that the time you were buying it above $500. No one knows how and when will the painful days will end but one thing is for sure, a bull market is just ahead of us.
Axie Infinity Killers: Top NFT Games In 2021 That Failed To Dethrone Axie Infinity.
During the 2021 NFT Play-To-Earn gaming hype, most Play-To-Earn projects during that year had one goal - to dethrone Axie Infinity and be the best NFT game in the whole blockchain space. With Axie Infinity leading the NFT gaming industry, thousands of NFT gaming projects were launched and developed causing for a massive adoption into the cryptocurrency space. Some NFT games are still operating and running but most of the projects that were launched on 2021 to outrank Axie Infinity are mostly dead and some are just barely working and paying. This article will feature 2 of the once most hyped NFT games on 2021 but eventually failed to dethrone the leading Axie Infinity NFT game.
My DeFi Pet - Blockchain Pet Game.
My DeFi Pet was launched on May 2021 and back then, its design are way too amazing that it instantly gained the attention of investors and players. During that time, Binance blockchain and tokens running under its chain were very hot and people saw a potential in the game that it can be the next Axie Infinity and it will take over the leading game in the future.
The My DeFi Pet NFT game were gaining a momentum and attracting lots of players and its native token $DPET started to skyrocket from less than $0.1 to around $10.00 per token. Because of the positive and bullish momentum, and the hype that the potential earning opportunities and gaming experience can be way better than Axie Infinity, lots of people were caught in the hype and bought the peak of $DPET token to use in hatching eggs and own a pet in the game.
However, the positive momentum in the game started to vanished when new and other NFT games emerged and players were already playing and earning while My DeFi Pet are way behind its roadmap and still no earning features in the game. With the constant FUDs and negativity around it, the price of $DPET tokens started to plummet from around $10 to now just over $0.25.
My DeFi Pet can be played now and players can earn through Boss Fight event where players can earn elixir that can be exchanged to $DPET token or they can buy and sell pets in the game's marketplace.
The last good update from the game is the testing of Arena and its reward system and it will soon be fully live anytime. Players are hoping and expecting it to be released within 2022 and more delays can lead to negativities around its community.
Cryptoblades - The First Click-To-Earn NFT Game.
Cryptoblades could be one of the worst nightmare for most players who jumped into the game. The game used to be the greatest NFT game in the Binance Smartchain as it has once contributed 50% of all transactions in the Binance blockchain. The game even won the Binance Most Valuable Builder 2 and people were already 100% that the $SKILL token, Cryptoblades' native token, will soon be listed in Binance Exchange.
The game were pretty simple, you buy or mint NFT characters and NFT weapons, click it to battle, wait for the result, and if you win you will be rewarded with $SKILL token depends on your character's level and weapon's star count.
The game were the first oracle-based game where the system rewards its players based on the token's price. The higher the price of the token, the lesser amount of the token the players will receive but with the same dollar value.
The game were looking good not until the price of $SKILL started to correct. The biggest flaw of an oracled-system game is when the price of the token is in a bearish chart. When $SKILL token keeps on dropping, the oracle is also reacting which means the lower the price of the token, the more $SKILL tokens it needs to rewards players but still in the same dollar value.
The price of $SKILL keeps plummeting day by day and the game are giving out more and more tokens that it eventually leads to draining its reward pool. The reward pool came from new and old players who mints NFTs and because of the FUD that the game are dying soon, less and less people are getting interested in the game and hesitating to invest in the game leading to unhealthy reward pool. Since there are only small numbers of people minting in the game, there are also amount of $SKILL in the pool.
Currently, the game is still running but it wasn't as profitable as it was before. They have expanded to other chains as well that only cost small transaction fees since Binance blockchain is a pain in the wallet for every transaction. In order to be profitable in the game, you need to invest more by burning characters to make your other characters stronger so it can be more profitable when used in a battle.
Final Words.
The two games mentioned above are still running well and somehow still rewarding its players. It has already thrown away its goal to dethrone Axie Infinity but instead working better and continuously developing to be a better, enjoyable and profitable NFT game in the long run.
The Two Market Cycle: Why Bear Market Is An Opportunity.
Most veteran people says that a bear market is a life-changing opportunity for every investors. For everyone who still doesn't know what's a bear market and still haven't experienced it, here's a short explanation about it and some reasons why smart investors are making money in the bear market while newbies are losing money from it.
Two kinds of market cycle.
Image source: *Quora*. https://search.brave.com/images?q=bear%20vs%20bull%20market#18
**Bull market**.
This is the time where most cryptocurrencies are going up in value. Lots of people/investors are willing to spend money and invest in a cryptocurrency because they are thinking that the assets they want to invest in will still go up in value. In simple terms, this is the time where big money are coming into the cryptocurrency space.
During a bull market, we will notice that most crypto's price are just continuing to go up in an ascending direction. The higher it go up, the more people are buying and the more people are getting FOMO. Even people who doesn't have an idea about cryptocurrencies are getting interested in entering in the space and invest on it thinking that there will be an easy money in crypto and this is how greediness take place.
**Bear market.**
Bull market will not stay forever and many people will FOMO and ending up buying the top and losing money. And this is where bear market will enter where fears takes over the market and investor's feeling.
This is the time where we can witness the value of cryptocurrencies keeps on declining and the worst part about this is no one knows that we are already in a bear market and people still keep on believing that a bull market is not over yet and it will still continue. This will slowly kill people's portfolio until they realize that we are already in a bear market and will start selling their cryptos with massive loss
The confidence from people to invest in cryptocurrency is very low during a bear market because fears are everywhere and taking over. Because of this, it will cause for panic selling and the market will keep on declining because of it.
Why bear market is an opportunity for smart investors.
A bull market will not last forever and this also applies with a bear market. During a bull market, people are feeling fear of missing out and greediness are taking over them when they should do the opposite. And during a bear market is when people are panic selling and being hesitant to invest simply because of fears and negative sentiment all over the market.
But wise money/investors already know what to do during these times. Smart investors are building up their portfolio with the assets they like by accumulating it in every decline in price.
While newbies are panic selling and trying to save their money as much as they can, other investors keeps on buying.
Smart investors accumulate and but the assets through averaging and holding it until a new bull market starts. Others stake the assets in different platforms such as DeFis so while they are holding the assets and waiting for a new cycle, they are generating a passive income for themselves.
These kind of investors understand the saying "there's always a rainbow after the rain", this means that even though no one knows when will a bear market ends, a bull market is just waiting ahead. Investors know this fact very well that's why building up a portfolio during a bear market is way better than building up portfolio during a bull market.
Summary.
A bear market is not really the time to be in fear but since human's approach to the market tends to do the opposite, this became a reason why people are losing money in the crypto space. Smart investors use dollar cost average when buying a potential assets and always diversifying their portfolio. There are lots of opportunities in a bear market and during this time is a better time to build up wealth and hold the assets for the next bull market.
Investing During A Bear Market: 3 Tips To Make Money During Cryptocurrency Bear Market.
Financial freedom is what mostly everyone are seeking being in the cryptocurrency space and a bear market is a great opportunity to start with. Most people in the space are anticipating a bear market where in fact when Bitcoin started plummeting from its all-time high of $65,000 while dragging altcoins down marks that the bear market has already started. Obviously, no one really knows about it and it has just been realized when the market keeps on tanking.
As experts or veteran in cryptocurrency space says, a bull market is where you sell while in a bear market is where is accumulate the assets you love. And as we are obviously currently in a bear market, here are 3 of the most basic approach in investing during a bear market and getting ready for a new bull market.
Dollar Cost Averaging - Accumulate Responsibly.
Dollar cost averaging is one of most effective and probably the best lesser risk approach to invest in an asset you truly believe in that has a huge upside potential in the future.
Using dollar cost averaging or DCA during a bear market is one of the safest way to invest since no one knows when will a bear market ends and a new bull market starts.
Here's a simple explanation how to DCA your investments;
If you have $100 to spare, an amount you are ready to invest in and the money you won't be needing in a next coming months or years, here's a way of how to DCA.
(*This is only an example/demonstration and not a financial advice).*
If $ETH's price is currently at $2,000, put $10 first.
If $ETH goes down to $1,500, put $20 into it.
If $ETH goes to $1,000, put $30 this time.
If ETH goes down to $500, invest the remaining $40.
You now have 0.1283 $ETH and $780 is the $ETH's price need to reclaim for you to have a break even or get your $100 back in $ETH. Instead of putting it all during $2,000 price, you DCA and now your base price in $ETH is way lower and it's a pretty solid entry to get ready for a bull market since $ETH is a strong asset with a great potential in the future.
Diversify Your Portfolio With Strong Assets.
Bitcoin and Ethereum is probably the strongest asset that will eventually get up on its feet after it falls. But the market isn't just all about Bitcoin and Ethereum because there are other potential cryptocurrencies out there that can still outperform them when it comes to potential percentage growth.
You can love Bitcoin and Ethereum but putting all your investments in those assets means missing out on the other opportunities the market can offer.
Diversify your portfolio with different assets that has the potential and with real use cases like Bitcoin Cash, BNB, ZPAY and more. Do not invest your money in one place because diversifying means a possibility of other assets to help or save your portfolio when other assets are performing not very well.
Invest In Real Assets.
A bear market is the best opportunity to buy assets that are fundamentally strong. During a bear market, prices will be dragged down to the lows you might not expect but if you are aware of the assets you are looking into, you'll realize how huge it is as an opportunity to start building up a portfolio.
Avoid adding meme coins or coins that doesn't have a real utility in your portfolio. This doesn't mean that their price can't surge up in the near future but the probability of losing it all during a market crash or bear market is higher compared to a bull market.
Looking in the longer term and getting ready for the next bull market, making a deeper research for the top 100 in the cryptocurrency ranking assets and investing into it is way better than gambling in a meme coins that are only meant to be a degen trades.
*This not a financial advice. Always trade at your own risk and do your own research.*
Original Image: *Coincodex*. https://www.google.com/search?q=make+money+in+bear+market&tbm=isch&ved=2ahUKEwjO9OHik5H4AhXKIaYKHTprAS0Q2-cCegQIABAC&oq=make+money+in+bear+market&gs_lcp=ChJtb2JpbGUtZ3dzLXdpei1pbWcQAzIECAAQGDIECAAQGDoECCMQJzoECAAQQzoFCAAQgAQ6BAgeEAo6BggAEB4QCFC5CFjDMWCNNWgAcAB4AYABiwOIAZsjkgEIMC4xMi42LjOYAQCgAQHAAQE&sclient=mobile-gws-wiz-img&ei=P-2ZYo7ZB8rDmAW61oXoAg&prmd=niv#imgrc=pEHrSjofbFEYRM
***End***.
Read.cash Will Stay (An Author's Theory).
It's pretty devastating to see that Bitcoin Cash BCH dropped nearly -90% in just a year. From exactly $1,650 (according to Binance Exchange) from May 2021 high, Bitcoin Cash is currently traded around $200 - a massive loss to have when you have bought, accumulated and held BCH when it was above 4 digit value.
Bitcoin Cash was not the only one experienced this kind of massive drop in price. Most cryptocurrencies lost more than 60% after a bull run in the first and second quarter of 2021. Even Bitcoin and Ethereum and other top cryptocurrencies had lost so much from its peak.
As we entered the bearish market on June 2021, Bitcoin Cash were continuously losing value, both technically and fundamentally - the chart were bearish and FUDs around cryptocurrencies affecting Bitcoin Cash.
With the overall FUDs that targeted Bitcoin Cash, probably one of the biggest concern right now in the Bitcoin Cash community is the question of read.cash sustainability. The read.cash platform has been operating very well for 3 years and it has done its core mission- to onboard more people by writing, learn about Bitcoin Cash and cryptocurrencies while being rewarded with $BCH.
Read.cash Sustainability
The platform is a community-funded platform where most of its fund came from Mr. Marc DeMesel. A year ago, Mr. Marc funded read.cash with $1 million worth of $BCH. The fund was more than enough to reward authors for even 5 more years with the help the random rewarder, if $BCH managed to make its price stay above $1,000.
However, since cryptocurrencies are very volatile and price can't be predicted where will it go next, $BCH now is just around $200.
I don't have the exact math or formula of how much have already been spent from the $1 million fund, but the only fact I know is that it has losses so much value in dollar. If those $1 million has not been spent yet, its dollar value today could just be only over $200,000 worth of $BCH. But since it has obviously been used to reward authors in this platform (and maybe in noise.cash too), I am skeptical to believe that the funds is worth over $500,000.
In my personal opinion, even if read.cash only had $200,000 worth of $BCH left, it can still operate normally for more than 2 years using the funds Mr. Marc gave. But this could still be changed if we will see another massive decline in price of $BCH.
Operation Will Still Continue...
I know most authors are very concerned about what will happen to the platform if the funds Marc gave were all used and depleted, and I admit it to myself too. We can't deny the fact that read.cash had a very large space in our hearts and thinking of it to vanished and stop operating is very destressing and somewhat painful. But here are possible scenarios of what might happen.
**Rewards will be back to what it was before.**
Back then, way before Marc funded read.cash, the platform used a point system to rewards authors and users and the rewards came from other users and the platform itself. The rewards were a lot lesser compared when the random rewarder were implemented but still works out great and produced quality contents from quality authors.
If Marc's funds depleted, the platform can always go back to the old rewarding system and make read.cash continue to operate. There will be lots of differences if that will happen and some authors might leave seeing their rewards decreases a lot from it. But this will also produce and realize passionate authors by staying in the platform and continue to create quality contents without thinking about the rewards.
**$BCH instead of dollar in value.**
The current rewarding system of the platform is with the use oracle system (*there is no official declaration about this but it is obviously what it is*). In simple terms, the more $BCH dropped in price, the more $BCH that will be rewarded to authors, and the faster the funds of read.cash will plummets. In order to make the platform more sustainable in rewarding authors, the price of $BCH needs to continuously surge higher so it can rewards authors in same dollar value but with lesser amount in $BCH.
This is currently the flaw (personal opinion) of the platform that one day the team might rethink about changing the current rewarding system.
Like in Pantera's article, the team of read.cash should consider the idea of changing the tipping system with quantity of $BCH rather than using a dollar value.
Changing the system comes with a hidden flaws and it will be realized after implementing. A trial and error might be needed to give more sustainability in the platform.
*End*.
Reasons Why Your Crypto Wallet Got Hacked.
In a world full of opportunities and possibilities, scams, frauds and other risks also lies with it. This also goes when you are interacting in the crypto space. Cryptocurrency space is full of opportunities but carrying a lot of risks not with just investing and trading but also being prone to hacking. Scammers scam people by recommending to invest in the project that will eventually turned out to be a rugpull, slow rug or honeypot project while hacking your crypto wallet comes with different approach but can easily be prevented. And here are possible reasons why your crypto wallet can be hacked and how to avoid it.
Phishing Sites To Expose Your Seed Phrase.
This is the most common method hackers or scammers used to tricked people yet many people still fall on this one.
Basically, people or a group will message you that you won some amount of crypto, eligible for airdrop and etc. from a known project, and all you need is to click the link to the scam site and enter your seed phrase in order to claim. And that's where the scamming/hacking happens. Entering your seed phrase to any site is like giving them gateway or access to your assets.
Scammers or hackers can saved any inputted letters from the site and people who falls for this and entered their seed phrase, their seed phrase is now recorded to the hacker's sheet and if you are not fast enough to realize the mistake, the hacker can get access to your wallet and will eventually send all of your assets to a different wallet or address.
There are only 2 best approach to this to avoid it;
Check the site and check the real project if they really are having the event.
Never ever give, show or enter anywhere your seed phrase.
Scam Apps, Sites And Wallets.
This is probably one of the most riskiest and working way of scamming and hacking people especially to people who are just new in the space.
Back in early 2021, where decentralized exchange Pancakeswap was hot, there were lots of reports from people that they were losing their assets after connecting to the DEX. This turns out that most of these victims downloaded a scam Pancakeswap application on Google Play Store. The app almost looks like a legitimate app and newbie easily falls for this since it was the trend of DEXes back then and they have trusted the app since it was from Google Play Store. Eventually the application was removed from Google Play Store after a mass report of being a scam.
This scam applications also works like a phishing sites since people need to enter their seed phrase if they want to access their assets in a different apps or wallets. It will always be better to crowd source first and ask if the application is legitimately from the real project before you decide to import your wallet. But if you want to sure, it's better not to import your wallet to other apps/wallet and let it stay on your trusted wallets like Trust Wallet, Metamask and Safepal wallets
Ending Words.
Not only newbies are prone to this kind of scamming or hacking but also some people who are old enough in the crypto space can still be victimized and still prone to losing funds. Veteran traders can still fall in this scheme as degen plays or trading requires different wallet connection to a site where they want to participate in.
As a newbie, always be cautious in whatever your doing - connecting your wallet to a new site, download a crypto application or entering any giveaways. Always ask first before doing so. Ask I the project's community group, you can also ask and get the opinion of other people form different social medias like Facebook and Twitter. Being in a crypto space is always a risky play, never hesitate to seek guidance from others as prevention will always be better than losing your funds while learning.
Up From The Bottom: Is Vicmove Move-To-Earn Ready To Explode?
*This article is not and will not be a financial advice. Everything about Vicmove in this article is from my own analysis and how I see the project will play in the future. Please do your own research and always trade with your own risk.*
Vicmove up by 100+% from the bottom.
In my last article about Vicmove, I discussed the hidden potential of the project together with the current risks when it comes to its price. Since the token $VIM of the project is still in a low market cap, its price can still easily be manipulated by big buys. The project made a noise when its price reached over $0.20 with a market cap of over $20 million. Since then, it has been on my radar that it will have a correction before going up again.
In the past 3 weeks, the crypto market has been in a roller coaster ride and most tokens/coins were also dropping in value, and $VIM was not included. I restricted myself to catch the dip of the token since no one can really predict how low it can get.
When I covered Vicmove in my article, it was ranging from around $8-10 million market cap. When the recent sell-off in the market happened, $VIM losses its market cap to just over $1 million market cap. As of this writing, $VIM's market cap is over $3.5 million with a price of just over $0.072. It was up by more than 100% but still down by over -60% since I covered it. Still it's a good start for a recovery since move-to-earn hype looks like about to build up once again.
What causes the price to jump?
There were few reasons why $VIM was continuously dropping its value after reaching $20 million market cap;
It's an expected correction
Poor communication to the community causing FUDs
Too much delays in launching the app for iOS users.
Mirror effect from market tanking.
However, after a massive drop in price for $VIM, it's price cooled down at around $0.03 and the selling pressure was halted giving signs that no one wants to sell anymore and it was already the bottom.
With Bitcoin and the crypto market looks like going side ways, $VIM's price was slowly recovering and with just one announcement made it blow up which caused the price to grow by more than 100%.
The team announced that iOS version of the Vicmove app will be released today (May 20, 2022) together with 1 million $VIM tokens as a reward and 2.5 million $VIM tokens to burned.
To summarize it;
iOS version will soon be released
1 million tokens currently worth around $72,000 as a rewards
Burning mechanism to make the token more scarced.
Should you buy?
Like I mentioned above, I will not be giving a financial advice to buy or invest in this project. But if you are a risk taker, a degen trader and a gem hunter, here's the best approach to not miss out in the project;
Everything around the Vicmove project is so bullish. Since it's a low cap project, it can be easily manipulated and its price can possibly skyrocket to another 100% or more. Putting a small amount, the money you can afford to hold or lose can be at a high risk but can also have a high return. This way you can be at safer side with only a small amount that can have 8x return if the price can go back to its previous all-time high.
But since a 100% growth is already high enough to, you can just wait for its price to have a correction. What comes up must go down, however no one knows and can predict 100% how the price will perform. If you are managing your risk and want to enter in a lower price but doesn't mind if it continues to skyrocket, then waiting for a nice correction is a great move.
Conclusion.
Comparing to others who bought $VIM at over $5 million market cap, at the current price of $0.07, this is still a good opportunity to have a position. The project has great tokenomics for the token and no wallets holding so much supply making it community-driven. I personally loved the project as I have thoroughly researched it. Though the project was not doxxed yet and lacking some audits, everything about it gave me a conclusion that it has the potential to be consider as a low cap gem.
Play-To-Earn And Move-To-Earn: Which One Has The Most Potential?
The cryptocurrency space might still be speculative but it's undeniable that it is also a place for technical innovation. Time flies so fast in the crypto market that the evolution from what's present in the physical world can be found in the space by using blockchain technology.
Time after time, everything we usually do, love or use are being converted digitally. Decentralized and cashless payments, innovative internet usage using blockchains, decentralized storage and many more. But one of the greatest innovations right now in cryptocurrency is the use of NFTs with blockchain gaming.
There are innovations right now that are still making noise in the space and even though it's still in the early stage, it has gathered the attentions of million people around the world. Blockchain gaming with gaming incentives called Play-To-Earn games and exercise with your NFTs and earn from it called Move-To-Earn. These two innovations are creating hype in the space and we will discuss which one has the greater potential between them in the future.
Play-To-Earn or Move-To-Earn?
In summary, Play-To-Earn blockchain gaming is an innovative way for gamers to play the game in their mobile devices or PC while being incentivized with in-game tokens or the project's native token(s). Players need to own an NFT to play the game and this can comes with a cost. On the other hand, Move-To-Earn has almost the same concept with Play-To-Earn but with a big difference. In order to "Move-to-earn", players need to own a shoe NFT, use the application and start exercising.
And this is where a huge differences of the two occurs. It is turning out that compared to when Play-To-Earn were still building some hype in the crypto space back in 2021, Move-To-Earn concept are lacking some interest from the people. There was no hard evidence but there are few possible reasons about it;
1. People are less interested with move-to-earn since they prefer gaming over exercising for getting rewards.
2. The market has a bearish sentiment and it has affected the timing to create or build more hype for the new innovation/concept.
3. Lots of people are still hesitant about it.
4. People fears that what happened during the trend of Play-To-Earn games (honeypot, rugpulls, scam, etc.) might happen again with the use of Move-To-Earn concept.
During the first 3 months of Play-To-Earn trend, thousands of projects emerged with its concept with a good number still running while most of it eventually dies and ended as a failure. But Move-To-Earn gave a different approach for its first 3 months as there were only few projects running about it compared to Play-To-Earn projects and as of now, only STEPN has been recorded to be the successful Move-To-Earn project. There is also one big Move-To-Earn project that is currently underdevelop but already gained some great amount of attentions from the people and it was already listed in some big exchanges like Kucoin. It is being called as the next STEPN as it almost has the same ideas and there could some hidden future potential. The project is called FITFI and it's currently under $100 million market while $GMT has $800 million market cap.
Summary.
Both Play-To-Earn and Move-To-Earn concept has a great future potential but when it comes to choosing between the two, Play-To-Earn has more rooms to grow. People might be ignoring Play-To-Earn games for now and jumping a little into the Move-To-Earn's trend but it will eventually halt as more people would still prefer to stay where they are, focus more what's on the screen probably will enjoy and spend more time in gaming than doing some exercise. This doesn't mean that exercise to earn will be wiped out by Play-To-Earn games rather it will be overtaken when it comes to people using it.
Related articles:
*Is NFT Still Worth The Hype?* https://read.cash/@Mr.Valentine/the-trend-of-a-bearish-market-is-nft-still-worth-the-hype-e74a4046
*Vicmove Pros And Cons.* https://read.cash/@Mr.Valentine/vicmove-pros-and-cons-move-to-earn-project-worth-to-look-at-f00a8b2b
*Avoid This Move-To-Earn Project.* https://read.cash/@Mr.Valentine/avoid-this-huge-move-to-earn-project-at-all-cost-a-lot-of-red-flags-2154a7c3
*Wirtual Move-To-Earn Project.* https://read.cash/@Mr.Valentine/wirtual-free-move-to-earn-project-thats-on-par-with-stepn-and-gmt-c6bfbb41
*Sweatcoin.* https://read.cash/@Mr.Valentine/fitfi-move-to-earn-could-potentially-be-the-next-wave-of-trend-and-here-comes-sweat-coin-2650973c
The market should not be the reason to end your life.
The recent crash in price of $LUNA was a very tragic experience for lots of people, especially for its holders and investors way before the tragedy happened. Though there was no strong evidence about it, but there are lots of reports from Facebook, Twitter, Reddit and other social media platforms about some people who were invested so much in $LUNA and $UST taking their own lives for losing mostly everything they had.
The burden created by the -99% price crash of $LUNA was too much for everyone believing in the project. Seeing the price of a cryptocurrency losing 99% of its value is not new in the space but with the case of $LUNA and $UST is very different.
The algorithmic $UST that was supposed to be pegged with $1.00 dropped to now just over $0.10. This is not a new scenario for a stablecoin to lost its peg but this is probably one of most historic crashed for a stablecoin. While $LUNA, that was once in the top 10 of overall cryptocurrency market cap ranking dropped below $100 million market cap from nearly $20 billion market cap. It's supply turned from 400 million to 6.5 trillion in just a couple of days affecting its price to drop from over $90 to a low of $0.000006.
Cryptocurrency is all about ups and downs.
*Image source.* https://www.google.com/search?q=crypto+market+crash&prmd=nvi&sxsrf=ALiCzsYpla6RJyYMMA-bnedkksKru4B6mw:1652784551719&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiivOGgrub3AhUkNaYKHdI6BB0Q_AUoA3oECAIQAw#imgrc=WN_UCx9RsOIiZM
The volatility of cryptocurrency is a great feature to take your chance to have your wanted financial freedom. However, it was not called volatile for no reason.
No people in the space will ever know when and how a price of cryptocurrency can do great or have its worst scenario. No matter how great the technical analysis or the fundamentals of that cryptocurrency is, there will always be time for the market to judge its price.
Investing in cryptocurrency is totally not for the faint of heart but still it shouldn't be the reason for you to decide to end you life just because you have lost so much from it.
Cryptocurrency is still in a speculative stage and that's where lots of opportunities can come. What this mean is that even if you lost a lot from one project, it doesn't mean you can't recover from it. Day by day, more potential projects can enter in the space and you can take your chance to get some risks from it in exchange for a possible recovery. This may sound easy but cryptocurrency is a place for risky plays. You can lose, you can win.
Everyone's life is more precious than the money we put and lost in the project. After all, money can still be gained over and over again even if we lose a lot of times. But losing your one and only life is a risk that you cannot get back again.
It's not only you against the market.
You might and probably feel envious when you see that there are lots of people gaining a lot from their investments. But that's only the one side of truth about the market.
Those people you see gaining a lot probably once or a few times had lots of losses too. And the other truth about the market is that a genius mind always wins the money of someone who just invests blindly without the risks ahead.
What this all means is that it was not only you who are losing but there lots of other people too. Many people were already passed the losing stage and managed to overcome the bad things that happened in the market. If they can do it, why can't others do it? And more importantly, why can't you do it? Everything takes time, patience, knowledge and some luck. Just don't give up.
Whatever market that is, stocks, forex, cryptocurrency and etcetera, it will always be a rollercoaster ride. In our case, cryptocurrency are way more volatile and the risks are way more higher when investing since lots of scam projects are also getting into the space. Even though that's the case, it should be the reason to stop you or worst end your life. There will always be opportunities ahead of you and that time will eventually come.
*END*.
The Trend Of A Bearish Market: Is NFT Still Worth The Hype?
Many people still speculates that this major drops in the current crypto market is only to grab more liquidity especially for Bitcoin to continue going up and strongly hoping to break another all-time high this year. While many people are also anticipating a bear market ahead and slowly cashing out their assets into fiats or stablecoin to mark their portfolio as safe from the threats of the incoming possible huge drop.
After the massive sell-off during the May 2021 market crash, most people already took it as a sign for a long bear market but the anticipation was reversed due to the sudden growth of trend of NFTs. Starting from Axie Infinity, CryptoPunks and other successful NFT projects, the trend contributed billions and billions of volume in the crypto market, onboarded millions of people and saved the crypto market from entering a bear market and it recovers pretty well for the past 8 months.
However, the first quarter of 2022 didn't end pretty well and the market is currently experiencing a bearish market kickstarted by Bitcoin losing almost -30% since February.
**NFTs aren't that hyped anymore compared to mid 2021 hype to save the market once again.**
Cryptocurrency space is a place for technological evolution and it is expected that more trends using NFTs (but not limited to) are still about to emerge.
The new trend of NFTs right now is with M2E or Move-To-Earn. Revolutionizing the daily exercises of everyone by giving incentives with the use of NFT. However, compared with Play-To-Earn NFT games, less people are interested with using the main concept as most people still prefer staying in front of their devices. Move-To-Earn got lesser attention from people since most are not fun of moving around just to get some tokens.
And talking more about NFTs, the trend was so bearish that even pioneer NFTs were slowly losing so much value.
A CryptoPunk NFT that was bought on 2021 for over a million dollar was sold for only one $200,000.
Another thing that happened and still happening now is that most blockchain games using NFTs were victimizing lots and lots of people from scams, rugpulls, honeypot and slow rug projects. This cause the interest for NFT and blockchain games from people to slowly fade as the space were full of fraudulent projects.
It is still too early to say that the fading interest with NFTs is a sign that NFTs had already reached its peak and it's already the end game. Fears are what mostly covering the whole crypto market currently and as of this moment, what's happening with Bitcoin will also correlates with altcoins and NFTs aren't excluded.
NFTs had a long bullish trend and just like any other trends, NFTs trends need to calm down even not for a little bit. When all the fears are distinguished and new trends for NFTs are starting to build up, it will onboard more people that was left behind and that could mean onboarding more and new people in the cryptocurrency space.
Cryptocurrency is still new, most projects are still building up foundation and better fundamentals for the usecases of cryptocurrencies. And same with NFTs, things are just getting started and the true potential of NFTs will be unleashed sooner than we think. We are in a speculative space and fundamentals and adoptions is all we have and what we need to reach the success we are all anticipating.
Conclusion
Just like other cryptocurrency projects, NFTs will also experienced some major drops as volatility still exist in its soul. The trend for NFTs still hasn't shown its true potential and most people strongly believed that the peak hasn't reached yet. NFTs are the future of digit assets and the next evolution of gaming. Believing on its takes a matter of time to harvest its fruitful success.
Image sources:
Image 1. https://search.brave.com/images?q=NFTs#15
Image 2. https://search.brave.com/images?q=market%20drop#3
Dropping The Bomb: Terra's $LUNA Will Never Get Back To $1.00 (And Above).
The recent 20-50% price crash during the first 2 weeks of May 2022 in the crypto market was also a ripple effect Terra made in order to save their failed algorithmic stablecoin $UST. In summary, and according to analytics, most (if not all) of the Bitcoin reserves of Luna Foundation Guard (LFG) was used to counter the depegging stablecoin. BTCs were sold in the open market causing to shake the price of BTC and the fear from people that "there's more into it" for Bitcoin that leads to a sell-off and Bitcoin plummeted to $26,000 while the rest and most of cryptocurrencies in the market losses around -50% in estimation as it correlates with $BTC and affected by FUDs.
Holders of $LUNA was really or totally devastated to see it drops -99% in 2 consecutive days. It was a total wreck that even dip buyers who taught it was already the bottom to see $LUNA at $0.1 got wrecked when it dropped to a low of $0.00006. But still, many people believe that TerraLuna can get back from this tragedy.
Hopium From Dip Buyers And Solid Holders Of $LUNA.
Many people concluded that $LUNA could be the easiest catch for financial freedom as they see it to still have the potential of getting back to at least $1.00.
From the recent all-time low $LUNA created, it rose by 20,000% after the CEO of TerraLuna announces a recovery plan and after $LUNA gets listed back in Binance.
Many people got the opportunity to buy it at the lowest and now up so much from their initial buys and the way $LUNA's price performed in the last 2 days, people are creating hopium that the price of $1.00 for $LUNA is still achievable without knowing what can it cost.
**Supply and market cap of $LUNA.**
$LUNA's circulating supply was just over 400 million before the crashed and most people doesn't know that TerraLuna has the capabilities to mint more tokens if they needed to. And indeed they did when $UST crashed and depegged from $1.00.
In order to repeg $UST, trillions of $LUNA were minted causing for the price of $LUNA to crash and losses its market cap.
From just over 400 million, the current supply of $LUNA is now over 6.5 trillion tokens. If that's not clear yet, that was 1000x more tokens that were minted and added to its circulation.
As of this writing, the current price of $LUNA is $0.00033 with almost $2 billion in its market cap.
The supply of $LUNA has been steady on 6.5 trillion after TerraLuna and Binance communicated. And according to the tweet of CZ, CEO of Binance, that there will be no more minting of tokens that can hurt the price of $LUNA even more. Still, this doesn't assure everyone that TerraLuna will not mint new tokens again as it has the power to do so anytime.
**Calculation and why $LUNA can't (or easily) reach $1.00 again.**
This is a read purely with no intentions of sugarcoating. But $LUNA reaching $1.00 is very impossible with its current supply. It might not get to even $0.10 and here's why.
Let make everything estimated to avoid more confusion:
The current supply of $LUNA is at 6.5 trillion tokens while its current market cap is almost $2 billion.
*Formula*:
MarketCap = Supply x Price.
Supply is 6.5 trillion while predicted Price is $1.00
MarketCap = 6.5 trillion x $1.00
MarketCap = $6.5 trillion.
What does this mean?
Is ever $LUNA gets back to $1.00, its market cap will be at $6.5 trillion - a market cap that will be over 6 times than Bitcoin. Even if $LUNA gets back to just $0.10, it will still have a market cap of $650 billion which higher that Bitcoin's market cap that is just currently at $550 billion.
To make it short, it's very much unlikely to happen even if TerraLuna will burn $LUNA in the circulation, why?
It's very impossible for the project to spend billions of billions of money just to burn a portion of supply of $LUNA while the trust and confidence from its investors has already totally broken. It will be huge risk for TerraLuna and Do Kwon, CEO of TerraLuna, to spend so much money for the project while its future success is so translucent.
Final Words.
TerraLuna made a foundation and a good contribution to the crypto market but seeing it falls from the top is totally heartbreaking especially for the investors of the project. Currently, the future of TerraLuna is unsure and still no sign of a great recovery for the project.
Accumulate, DCA or Stay Away: What Are Your Plans During This Bearish Market?
Sanctions, inflation hike and war are making global economic problem and financial markets are reacting to it. Stock markets reacting and the 2-year bearish trend was even more triggered when 2022 came in. Cryptocurrency also correlates with stocks and other markets but gets affected more than any other assets since crypto is still an speculative assets and it has more volatility in price.
Starting with Bitcoin that losses over -25% of its valuation in just a month, and as a top cryptocurrency where most altcoins correlates with it, altcoins were also seen a massive sell-off and losing much more than Bitcoin.
**What triggered the bearish crypto market?**
Aside from the fact that Bitcoin and cryptocurrencies reacts on how other markets performs, what really triggered a ripple effect in crypto was all because of the genius attack to TerraLuna's native assets - $LUNA and its stablecoin $UST. And here's a summary about it.
$UST, a stablecoin backed by Bitcoin losses it peg to $1.00. In order for $UST to regain its peg, Terra sold its Bitcoin reserves which give a huge effect in Bitcoin's price. The massive sell-off in $UST was too much pressure that Terra needed to announce about minting more $LUNA to sell in the open market just to peg $UST again to $1.00. This caused so much panic to $LUNA holders and its price tanked and was down to -99% in just less than a week.
As of this writing, $UST that was supposed to be a stablecoin pegged to $1.00 is ranging around $0.60 while $LUNA is just over $0.10 - this will be an another history for the cryptocurrency market as one of biggest downfall of one of the largest market cap project in crypto. Currently, there are rumors that $LUNA token might be the sacrificial piece and will eventually lose its value in the market since Terra are more prioritizing $UST than $LUNA.
What's happening right now with Bitcoin and cryptocurrencies are the ripple effect from global markets and Terra selling its Bitcoin reserves. Altcoins are experiencing massive decline in price and losing so much value making the crypto market in total control of bears.
**What should we do?**
There are so much volatility right now in the market and if you are not an experienced trader who can see opportunity from it, it would be better to stay away from margin and leverage trading.
If you are one of the million people in the world who truly believes in cryptocurrency and saw its potential in the long run and has the means to invest, a bearish market can be an opportunity.
There are two of the best ways to take an advantage during this kind of market:
Dollar Cost Averaging - no one knows when will this downward market will cool off or when will the market recovers. If you are buying the dip, do not put all your money in one set up. If possible, put a certain percentage of your capital in an asset you truly believed in. If that assets dropped even more, add another percentage of the capital and so on to average your buying. This way you can take advantage of every dips but you must remember that the money you used is the money you wouldn't be needing in the next coming months or years.
Accumulate - using DCA can also be noted as part of accumulating but this one will be different. What I mean with accumulate is to get those cryptocurrencies that you can get for free. Crypto faucets, crypto giveaways, crypto social platforms that rewards users with cryptocurrencies are one of the best thing to start with. With the current market situation, every cents of crypto you get for free can make a difference when bull market resumes. Accumulate what you get and hold it until you want to sell it is one of the best strategies you can do during this kind of market.
**Ending words.**
There are lots of potential coins or projects out there that are currently at a very discounted prices. I'm accumulating cryptocurrencies that has real-world utility such as Bitcoin Cash, CEX tokens like $BNB, $CRO, $KCS and more. Lots of potential altcoins right now in the market and all you need to do is to choose the right one and hold it strongly.
Mythbusting Social Media Rumors: Bongbong Marcos Jr. Presidency Are Making PH Stocks Plummets.
The Philippine 2022 Presidential election has been concluded and Ferdinand Marcos Jr. has been unofficially announced to be next President of the Republic of the Philippines according to the final tally of votes. Marcos won with a massive 20 million(+) more winning votes against Vice President Leni Robredo.
It was a massive win for the side of Marcos but critics and haters of the party are once again in an attack to degrade and spread fake information against the soon-to-be President of the nation.
Even before the votes has been decided, false information once again circulates around social medias about how the performance of the Philippine Stocks are performing and reacting with Marcos leading in the tally.
It was all over in Twitter and Facebook that Philippine Stock Exchange Index (PSEI) are dropping and stocks are declining because of the threat that a new Marcos is about to take the presidential seat and assigning him will have a bad economic impact. People or the ones spreading false information are sharing charts and change of prices in the PH Stock market posting that stocks prices are about to have a massive dumps in price when Marcos will be declared as the Presidential election winner.
**Stocks Are In Bearish Market And Other Markets As Well.**
Stocks has been in a bear market for 2 years now. Not only in the Philippines but other countries too like US, Japan, Canada and etc.
The market such as DOW, bonds, crypto and stocks has been in a bearish trend since the first quarter of 2022.
Marcos' haters are using this kind of event to attack the President-elect by telling that investors in the Philippines are now pulling out their money without knowing what's the global market is facing.
The global market are facing economic crisis such as inflation rate hike, ongoing conflict between Russia and Ukraine and sanctions.
The way PSEI and PH stocks declines in price are normal reactions from the crisis and it doesn't have anything to do with the election in the Philippines.
Even the largest cap stocks in the US such as $TSLA, $APPL and $AMZN saw a massive decline in their price. Ph stocks is nothing special and it will eventually correlates with other and larger markets.
It was not because of the election why PH stocks are dropping, instead it was a reaction from the global economy and markets sentiment.
**Investors Pulling Out Investments And Stocks Will Have More Downwards.**
Fake information around social medias says that PH stocks are dropping in response to Marcos being in the lead of votes. People were showing the March 6, 2022 charts of PH stocks where the fact is that Philippine Stock Exchange trading were closed for 3 days (Saturday, Sunday and Monday).
PSE declared Monday as a holiday for the National election and will open again its market on May 10, 2022 at 9:30 AM.
With this, haters spread a FUD that if Marcos will be the winner and will be declared as the new President, stocks will drop so bad. Yes, there's a high chance but with a valid reasons;
1. Since stocks and other markets are in a bear trend, PH stocks will 99% follow the trend. Not election-related price movement but markets sentiment says PH stocks are about to drop more.
2. Investors might pull out money and be in the side way to secure their funds and avoid possible civil disturbance. Civil disturbance might occur as before the election, there were threats of people's rally if Vice President Leni Robredo will lose the election. And this disturbance can make a negative impact for the PH stock market, specifically for the the stock's prices.
**Final Words.**
The election has already been concluded and petitions to check what's happening during the election day and a possible recount from the opposing party were declind. Philippines is a democratic country and the majority votes for Bongbong Marcos Jr.
Everything is a risk and we will soon see how the new Marcos make the Philippine better especially about its economy. Few years from now, we will soon realize if it was worth putting another Marcos in the highest power or not.
Sources : *Image from Rapple**r and* *Time.com**.* https://www.rappler.com/business/253876-philippine-stock-exchange-index-march-9-2020/ https://time.com/6162028/bongbong-marcos-philippines-president-popular/
The Crypto Market Is Tanking: What Should You Do During This Time?
Cryptocurrencies are volatile assets which makes the journey to decentralized the world even more thrilling and exciting. No assets in the world will only have one direction for its price to go to and investing in crypto is literally like a roller coaster - it will go up but will also go down, it will go down but will eventually go back up.
For the past 2 months, Bitcoin (BTC) continues to dropped in price and now just sitting above $32,900 (6:30 PM), around -25% lost in value since March. The last time we saw Bitcoin (BTC) in this range was still during July 2021 after the massive sell-off in May 2021 that resulted to months of lows and accumulations before breaking another all-time high.
Again, in this not-so-new scenario, the crypto market once again slowly losing fuel to drive investors to be bullish and the overall market is bearish making fears and uncertainties from the people. Like it was mentioned by a lot, the market will not always go up and it will eventually halt at some point, but temporarily. Here are some ways you can do while being in this side of the market.
Accumulate As Much As You Can.
There are these 2 kinds of market events - bullish market and bearish market..
During bullish market is where most people get caught in FOMO as everything seems like flying and people do not intend to miss it. People get FOMOed while people who accumulated in the dips seeking a good price to sell their assets.
Bearish market is where panic selling mostly happens. The sentiment are driving people to sell or cut the loss they have as they are having fear that the market can still continue to drop and they are saving their portfolio as much as they can. In this scenario, wise investors get their assets that they think have the potential in the future by using dollar cost averaging. Every dips can be eaten by wise money while people who panicked and sold are the ones tend to lose in the game.
To put it simple, during a bullish market is where everyone should sell while during a bearish market is where everyone should start accumulating.
This is not a financial advice, during this bearish trend is the best time to put your extra money in an asset you truly believed in. Even a single dollar everyday can make a difference over time. Accumulate, DCA and hold until it reached the price where you wanted to sell.
Get a job to have a source of income and something to use in your accumulation, join crypto giveaways, be a content creator and there are more ways for you to accumulate. Just have the perseverance to do it and be patient along the way.
Don't Glue Yourself In The Chart.
Watching the market and the price of your assets shouldn't be your life. There are much more important things to do than watching the chart all day. If you think you have a great assets in your portfolio and do not want to sell with a loss, stay away from watching the chart from time to time.
Watching your assets can be really depressing especially if have invested a lot in it. Do not waste your time praying over the chart to go back up again as the crypto market has its own time for that.
Go out with your family, friends and special someone. Spend your precious time with them instead of getting depression from the market.
Focus on your work or side hussle. If you are a writer in different publishing platforms, give more time it to enhance your knowledge and enrich yourself during a bearish market.
Working and getting paid if you want to have something to use to accumulate the assets you want is one of the best thing you can do. Forget the chart and focus a little more what's outside in the chart.
Conclusion.
Seeing the crypto market being in an overall bearish sentiment is hysterically depressing. But everything that's going on now can be considered as a temporary. This is not the first time the crypto market experienced this. It has tanked a lot of times in the past but got up on its feet even stronger. Cryptocurrency is here to stay to revolutionized the world of finance.
*Image Source:* ***NewsRoomPost***. https://www.google.com/search?q=crypto+market+crash&prmd=nvi&sxsrf=ALiCzsYIgPXiKUZXeUdrNfFxsTbfucsYIA:1652093909212&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjd6N-0odL3AhUXBpQKHWB5CEcQ_AUoA3oECAIQAw&biw=424&bih=714&dpr=1.7#imgrc=sZIFamOjNFHiCM
How To Know If The Token Is Safe For Buying: Tips For Gem Hunters And Short Term Investors.
Investing in a new cryptocurrency projects always comes with a risks and nothing is certain that the investor's money will always be safe as trading and investing in cryptocurrencies is highly volatile. Especially with low market cap project/token, the token's price can be easily manipulated by big money resulting in a pump and dump scenario.
If the token has high ratings from checkers and with good ratings in audits, not only it is safe but it will also be considered as a potential token especially if it comes with great utility and fundamentals. Like it was mentioned, investing always comes with a risk but with proper analysis you can minimized the risks by knowing an important key features to consider for buying or investing in a token.
Token's Holders And Supply Distribution.
All crypto projects has or used to have "Whale" investors - these are people who got into the project early on and accumulated large amount of the token supply. Whale investors are now considered important in a project as it brings more volume in the token and can attract more attentions from the outside crowd.
Whales aren't that bad as most people think it is except if that whales is holding more than 5% of the supply. A token can be considered as safe when no wallets or a few wallets doesn't have 20-30% supply of the token. Wallets having this amount of supply can make huge impact in price when it sells.
Communicative And Transparent Team.
Building trust in the community through communication, interaction and being transparent to its investors could be one of the best asset the project could have. When the team gives time to answer and entertain its community, this brings healthy aura and positive vibes and a potential that the team is really taking the project seriously.
The team should explain any confusions in the community especially with it comes to the tokenomics of the project, how much LP and how long is it locked and what are the future utilities of the token.
Locked Liquidity And LP Amount.
A considerable amount of LP in a token can be at least 10-15% of the token's market cap while the best of it could have is having 20-30% of the token's market cap. The 90% part of the LP that was locked is considered as a green flag for the project especially if it was locked for a very long time. A token with lesser liquidity brings more volatility in price making it easier to pump and dump while token with a huge liquidity can make the price of the token less volatile and stable.
When it comes to the locked liquidity, the liquidity of the token should be locked for at least a year to be considered as safe for investors. Locking the liquidity for just a day, week or months can bring fears and making the project less attractive. This can lead to advance massive sell-off and dump in price as there will be a risk of pulling out the liquidity or being rugpulled if the liquidity isn't locked anymore.
Always Check With Token Checker (Bonus).
Most people doesn't know how to read smart contracts and can be lazy to read the whitepaper of the project to read how the token is going to work out. Therefore, the best and easiest thing to do is use a third-party application to read and check what's in the token. There are lots of token checkers out there but probably one of the best is by using Tokensniffer.
Tokensniffer made everything easy for gem hunters as it reads the most important thing in the token such as;
Token holders.
Token's liquidity, locked and unlocked date and where was it locked.
Realized the risk of a honeypot.
Token supply, max supply or the token's ownership.
Article: How To Use Tokensniffer. https://read.cash/@Mr.Valentine/tokensniffer-will-soon-track-smartbch-tokens-your-first-step-for-dyor-141ef3a5
Lead Image Source: *Cointelegraph*. https://www.google.com/amp/s/cointelegraph.com/news/how-to-analyze-crypto-tokens-properly-before-investing/amp
*END*.
Bitcoin Cash Recovery: Reasons Why Bitcoin Cash Will Still Recover From The Ground.
The current market sentiment is totally bearish starting with Bitcoin BTC losing around 8-10% of its price value when it entered the month of May - which was foreseen by analysts that May will be one of the most bearish months for cryptocurrencies especially from how they saw it performed during May 2021 massive sell-off.
Just like most cryptocurrencies, Bitcoin Cash BCH still correlates with Bitcoin BTC in terms of its price. So when Bitcoin BTC dropped, most of the time, Bitcoin Cash BCH will eventually follow. It's not a new scenario and altcoins like Bitcoin Cash suffer even more when Bitcoin BTC underperforms.
Over the year since Bitcoin Cash last reached its 2021 high on May, it has been performing very bad. Of course, this is only about the price and not how it performs as a decentralized cash. In the last 30 days, Bitcoin Cash losses nearly -30% of its value and now currently just over $270. This kind of experience will soon just be a remembrance as Bitcoin Cash BCH will eventually have its massive recovery.
Source: *kindpng*. https://www.google.com/search?q=cartoon+green+rocket&tbm=isch&ved=2ahUKEwi5-v2N98r3AhUFTPUHHTQtCS4Q2-cCegQIABAC&oq=cartoon+green+rocket&gs_lcp=ChJtb2JpbGUtZ3dzLXdpei1pbWcQAzIICAAQCBANEB46CggjEO8DEOoCECc6BwgjEO8DECc6CAgAEIAEELEDOgQIABBDOgcIABCxAxBDOgQIABADOgUIABCABDoGCAAQCBAeOgQIHhAKUOcVWOlrYKdtaAVwAHgAgAHcA4gBoSmSAQowLjYuMTIuMi4ymAEAoAEBsAEFwAEB&sclient=mobile-gws-wiz-img&ei=8xt1Yvm0G4WY1e8PtNqk8AI&prmd=nisv#imgrc=tEPHHRRh0bW3iM
**It's Still The Hype For Do-To-Earn And NFT.**
Over the years that had passed, lots of innovation were emerging in the crypto space. Stake to earn, play to earn and now the hype is with the move to earn applications. This is not bad as this is how cryptocurrency should be - it needs to evolved they world over time with the use of blockchains.
But the main problem is, people are forgetting the main concept of how and what cryptocurrencies should be. It looks like they have forgotten how important digital cash is and how it can revolutionized the world.
And this is the case for Bitcoin Cash that it is currently experiencing. The market is currently ignoring the potential and real value of Bitcoin Cash as a peer-to-peer and decentralized payment and currently totally devoted with the hype that NFTs currently have.
NFTs are here to stay, and that's a fact I also strongly believed in. Play-To-Earn and blockchain gaming will continue to revolutionized the gaming industry. But time will eventually come that people soon get filled with NFTs and will be back on track with the importance of decentralized payments. Bitcoin Cash will soon get the attention back of the market and will be aligned once again to reach its full potential.
It Has Been Very Undervalued For Very A Long Time.
The last time we saw Bitcoin Cash performing very well was still during the May 2021 bull season where it reached nearly $2,000 in its price. But also after the massive sell-off on May to June, the price of Bitcoin Cash continues to perform bitterly and now at the 2022 low of $270 - that was around -85% loss of its price value for a year.
But the worst thing that I can consider as an opportunity about Bitcoin Cash is that the last time it reached an all time high was already over 4 years ago now (December 2017). Compared to other cryptocurrencies that was breaking all-time highs but nearly have the potential with Bitcoin Cash BCH as a cash, Bitcoin Cash BCH gives a sign that it was getting ready in the ground for a massive recovery ahead.
I always believed with the saying, "What comes up must go down". And I can mirror this to the hype NTFs currently have.
And in reverse, "What goes down, must come up" will not always be applicable to every projects. But Bitcoin Cash with the potential to distinguish paper money and a great/potentially competitor for Bitcoin BTC to be the most accepted digital cash, seeing it reaches a higher valuation is not a surprise.
Final Words.
Bitcoin Cash will not always be in the ground but will always be accessible by anyone. Seeing it recovers from its massive loss will take time to get the best valuation we can have for Bitcoin Cash. No one knows when will it be specifically and the only fact we have is that we will eventually get there.
Vicmove Pros And Cons: Move To Earn Project Worth To Look At.
As the hype for move to earn concept continues to build up in the crypto space, I'm on the hunt for potential projects that could really give good returns in the short, mid and maybe in a long term. Speaking of hype, I also covered and will also cover more projects in the future that has lots of red flags that gives lots of hypes to execute a possible scam.
I recently started writing about this kind of projects and this will be the fourth time. The last one was controversial as I saw lots of red flags and the risks are very high. But this article will be about a great project with a very minimal risks and currently one of my favorite project. The project is called VicMove - a move to earn project getting ready to revolutionized our daily activities.
Move And Earn With Vicmove.
Vicmove is a new crypto project that was launched in the BNBChain but will be expanded to other chains in the future. The main concept of the project is to incentivize people by doing their daily workouts using their application. Vicmove's application is now available on Android and can be downloaded already and their application for iOS approval is on the way.
Vicmove will incentivize users who do their daily workouts with their native token $VIM. The $VIM token is a Bep20 token from BNBChain and can be bought legitimately only in PancakeSwap DEX. It has been recently listed in a central exchange but the team announced that they didn't had a partnership for the listing and they were first-handedly unannounced about it. The team are looking for possible high tier CEX listing in the future but they are currently working and focusing the innovation of their app.
Pros And Cons Of Investing In Vicmove.
*Like always tell in my articles, everything I write about a certain project is not a financial advice. Everything is for the idea of how the crypto project will perform in the near future by looking at the analytics.*
*Image source and website :* *Vicmove*. https://vicmove.com/
I thoroughly review almost everything about Vicmove and what I saw is a potentially great project. There are lots of good things in the project but only few bad about it that could still be addresses in the future.
**The Pros.**
The very first thing I do to review a crypto project is by looking at their token's tokenomics and what's in their smart contract. The first thing I do is to check it in a different token checker like Tokensniffer and all I get was 100% ratings. And here are a few reasons why:
The contract was renounced so the developer cannot change anything in the token anymore. Which makes the token decentralized and community-driven.
More than 90% of the Liquidity was lock for a long time giving more confidence for the investors to avoid a possible rugpull.
No buy tax and only 3% tax for every sell of the token which will be used for adding more Liquidity and rewards players.
According to bscscan, there were no addresses that holds more than 5% of the token's supply.
The project also has a transparent team and there can be seen in their website. This gives a little confident for investors knowing who they are investing into.
**The Cons.**
There are only few things I saw that the project need be solved:
The project should have more audits and need to be audited for more security. The community are ignoring how important audits are and how it can help them. The project has an old audit in GitHub but things already changed especially about renouncing their ownership. Getting audits will exposed if there are any malicious codes in the smart contract like giving access to reclaim the ownership of the smart contract.
There are lots crypto projects, specifically Play-To-Earn games, where most people lost so much money form Nguyen devs - Vietnamese project. Vicmove, despite being transparent and doxxed, are still being hesitated because of the bad reputation that other Nguyen devs left behind. And because it was on BNBChain, a chain that gave a lot of trauma from scams and rugpulls, the project seems like getting a little interest for now from the people.
Another thing which I didn't like about the project is the slow response from the team about the community's concerns. It should be understandable that the project is busy working on the project but answering people's concerns will totally make changed the rhythm in the community.
Conclusion.
Vicmove might be a slow project for now but I still love that it's taking its time to develop a product. I still personally give the project a 99% rating and will probably be at 100% it the project will give time to more audits. Vicmove is already a move-to-earn to people who bought the limited NFTs but they still can't earn $VIM tokens. Sooner or later, the project will probably announce or release their marketplace and the real move-to-earn experience will be available for everyone.
Cough, cold and feeling sick. 3 days of being unproductive.
It's been more than a week since I last finished and passed all the requirements that I need for our OJT and although I have a very slight problem when it comes to my live birth certificate, I am still okay with it because I can just settle it while having my OJT. Speaking of OJT, we are still waiting for an announcement from our OJT coordinator about the deployment date. We were expecting it to be around the first week of May 2022 but since the election day is coming, it was really unlikely and we expect it to be during the 3rd week of the month.
I was supposed to have 1 week of rest or to enjoy the limited time that I have because when the we get deployed to our agencies for our OJT, we expect that we will be having a very busy time as we need to take it very seriously. But I was very unfortunate because I caught some disease that made me stay in our house for 3 days now.
It all started from a little itchy throat.
The first day I noticed that my throat was itching and felt that I am going to have cough, I immediately took an action and take a medicine. I bought a box of carbocisteine medicine and drink it so I can prevent having cough. I was overconfident that I will be and during the night, I stayed up so late outside with friends without a jacket on. It was so cold that it might be the reason that triggered my cough to worsen.
The next morning, I noticed that my nose was also itchy and it was watery. It was really my bad that I didn't take any medicine for it and only took a rest and drink a lot of water. Unfortunately, it worsen and legitimately I had a cough, cold and a runny nose. I was forced to stay in bed most of the time because I started feeling weak and the cough is getting worst.
Though I was sick, and during my rest, I never missed to spend time being in different social medias but it was really different when you have the strength. I only managed to surf in read.cash but didn't have the strength to think and composed an article, until now. It's been 3 days since my last published but it feels like a year that I missed lots of opportunities. Same thing with noise.cash, I managed to post only 1 time there in 3 days, if I recall correctly, and didn't managed to interact with other users in the platform.
Getting good progress.
It was 3 days that I'm feeling so illed but I'm feeling a little improvement now. The cold I was feeling is now bearable and I can go outside the house with just a t-shirt or without a jacket. I still have a runny nose but it was not that bad compared to what it was yesterday. Drinking water and just a little rest really gave me some help to recover. The only problem that I have now is my cough because it feels like it's getting worst day by day. During the fist day it was only itchy, 2 days later it really became a cough and now I'm having problem with because it feels like it was evolving. From soft cough, not it became hard and honestly I'm feeling a little pain in the chest everytime I cough.
My plans after this.
I know this sickness I have will not last long and I am confident with it. I'm trying my best to get better with a week or before the election day. When I'm done with this, I'm planning to be more active in different social medias like noise.cash, Twitter, Hive, Publish0x and of course here in read.cash. I will make up the days I missed and will published the drafted articles in those sites.
I am also preparing for OJT even though there was still no announcement about when will we be get deployed. I'm preparing some baggage because I have a feeling that there will be an emergency call from our coordinator since we are so behind already because other courses had already started their OJTs.
Image from Unsplash. https://www.istockphoto.com/photo/3d-render-of-stressed-out-yellow-emoji-face-in-medical-mask-protecting-from-gm1211586280-351423370
Tokensniffer Will Soon Track SmartBCH Tokens: Your First Step For DYOR.
People always refered to do their own research to be responsible with their own act of investing and find it hard to start doing 'it'. There are many ways on doing research such as watching YouTube videos, reading articles and how positively and negatively the hype around the project is in different social medias like Twitter, Reddit and Facebook. However, it was not enough as a little more deeper research is needed to understand the project better.
Tokensniffer made it all easy for everyone to get in track with different projects from different chains. Making people to have an easy first stop for their research. It is just a simple and friendly platform that can be use by anyone easily with any hassles.
Tokensniffer.
Tokensniffer tracks thousands of different projects/tokens from lots of known chains such as BNB, Ethereum, Polygon, Fantom, AVAX and soon will be tracking SmartBCH in their platform.
According to the tweet from Tokensniffer it replied to my comment on when will SmartBCH be available in the platform, they said that it will be sooner and they are now preparing after the smart contracts of different SmartBCH tokens. Hopefully, this will be live in the next few weeks.
It might be taking them time for SmartBCH to be live in the platform and all we can do is to have a little more patience.
What Can You Do In Tokensniffer?
There lots of things you can do using Tokensniffer. Using Tokensniffer will make you feel like you are a pro in doing research because of how easy it is. I Tokensniffer you can;
Track new tokens deployed.
Trending tokens from different chains
Latest scam projects that you can avoid.
But the best part that everyone should like about using Tokensniffer is the ability to show how the the smart contract of the token is deployed. Tokensniffer reads the the token's smart contract and rate it to show to its users how confident you should be in the project.
Tokensniffer read the swapping program if the token can or cannot be sellable and tracks the current transaction tax to be charge from the contract.
It also tracks if the source code of the contract is verified in the explorer and more importantly, it tracks if the ownership of the smart contract is renounced or not - if not, the creator or the devs can have full control over the token especially in its supply.
You can also track the creator of the contract how much percentage of the token supply he is holding and if there are other wallets holding over 5% of the token supply.
It also tracks how much Liquidity the token currently has, is the LP locked or not, how long it is locked and how many tokens currently are sent to the burning wallet.
Tokensniffer also tracks where the tokens are currently listed in.
Lastly, you can also see similar contracts of the token. If you saw lots of similar contracts that you pasted in Tokensniffer, be aware.
After reading everything in the smart contract, Tokensniffer Will then rate it by over 100 and its up to you how you would feel.
How To Use Tokensniffer?
Using the platform is very very easy.
Copy the contract address of the token
Go to Tokensniffer and finish captcha.
Paste the address in the search bar.
Tokensniffer Will then automatically read and rate the token's smart contract for you.
Final Words.
I've been using Tokensniffer for many months now and it's my haven for easy researching about a certain token. Adding SmartBCH in the platform will be an advantage for the Bitcoin Cash community to know if the project they're getting into is worth their time.
Sometimes, Tokensniffer is not 100% accurate in reading the project and it was mostly helpful most of the time. So better step up your way of DYOR but with the help of Tokensniffer.
Related articles:
Avoid This Move-To-Earn Project. https://read.cash/@Mr.Valentine/avoid-this-huge-move-to-earn-project-at-all-cost-a-lot-of-red-flags-2154a7c3
Wirtual Move-To-Earn. https://read.cash/@Mr.Valentine/wirtual-free-move-to-earn-project-thats-on-par-with-stepn-and-gmt-c6bfbb41
How To Find Red Flags In The Project. https://read.cash/@Mr.Valentine/saving-your-portfolio-how-to-find-red-flags-in-a-crypto-projects-3b226e45
Image sources:
SmartBCH Logo. https://www.google.com/search?q=SmartBCH+logo&tbm=isch&ved=2ahUKEwiV_4Tbur33AhUezIsBHarRA4EQ2-cCegQIABAC&oq=SmartBCH+logo&gs_lcp=ChJtb2JpbGUtZ3dzLXdpei1pbWcQAzIECAAQGDoHCCMQ7wMQJzoKCCMQ7wMQsAIQJzoECAAQAzoHCAAQsQMQQzoICAAQgAQQsQM6BQgAEIAEOgQIABANUI0IWMwlYNsnaABwAHgAgAHlAYgBqxiSAQYwLjE4LjKYAQCgAQHAAQE&sclient=mobile-gws-wiz-img&ei=yQtuYtX2NZ6Yr7wPqqOPiAg&bih=714&biw=424&prmd=ivsn#imgrc=UNzVf2uv5dEK3M&imgdii=eDz727dtVVJg2M
Tokensniffer Logo. https://www.thecoinrepublic.com/2022/02/26/do-you-know-what-is-token-sniffer-that-sniff-out-scam-defi-tokens-is/
Avoid This Huge Move-To-Earn Project At All Cost: A Lot Of Red Flags!
Move-To-Earn is the new trend in the cryptocurrency space, and in the next coming months it is expected that hundreds of other move-to-earn projects will emerged following the new hype. The new trend will probably follow the Play-To-Earn gaming trend back in mid 2021 and this could last for many more months compared to the last trend.
I have already anticipated that when a new trend is built, new fraud projects will also emerged to milk money from people. Promising great returns and shouting that they are a potentially huge cap project in the near future just to hype people to invest into them. I love reviewing potential projects but this time I invested my time to review and write projects that are potentially scams, frauds or future rugpulls. And this article is about this million dollar market cap move-to-earn project and the reasons why you need to stay away from it.
Introducing Movey.
Movey is a standard mobile technology application that integrates blockchain and cryptocurrency. Movey users can not only track their health, but they can also earn $MOVEY tokens by moving and playing games
Movey's simple, user-friendly design interface will make it easier for users to experience the power of cryptocurrencies and make positive changes in their lives for the better while promoting the investment that will strengthen the stability of the $MOVEY token.
Source: *Movey website.* https://movey.io/
Nothing special, really. If it's about Play-To-Earn games, this is no different from other scam projects promising great and rewarding experience but a fraud in different design.
This project has been around for a few months and still developing their product actively since more hype about move-to-earn is still building up. The project seems like a very beautiful place since its website is almost perfectly designed and they have release an application for their move-to-earn trackings. They are also featured in some social media pages for being one of the first few move-to-earn projects in the BNBChain.
The Red Flags Of Movey.
When I want to do my own research, the first thing I always do is to read the project's website and the whitepaper if it's available. I liked Movey's website but upon reading its tokenomics in the whitepaper, it shows me signs that this project is not for the long term.
And the second thing I do is using Tokensniffer for easy understanding what's in the smart contract of the of token. I will make an article introducing Tokensniffer and how you should gain advantage using it.
**First Red Flag: Current Selling Tax Is High.**
When the project was launched, its selling tax was a massive 30%! Those 30% tax divide into different parts and a percentage of it goes directly to the developer's wallet. To calm its investors, it has been decreasing the selling tax which right now only has 15% selling fee or tax for every sell transaction.
The reason the developers can do this is that they have access to the source code of the contract and they can decide anytime and anywhere if they want to increase or decrease the buy and sell tax of their token - this is a huge red flag and a high chance that the token can be no longer sellable (honeypot).
**Second Red Flag: Infinite Minting In The Future.**
This is the biggest red flag for me when I knew that a project's token can be minted infinitely.
$Movey token has an initial supply of just around 20 million tokens but this can be changed (or already had changed) in the near future. $Movey is the utility token, which means it's the reward token also of the project. The project rewards its users with $Movey and just like other reward token, this will eventually lose its value slowly.
But that was not the case here, I've been watching all the trades in the chart and this is what I found.
If you didn't noticed it, two same wallets were selling huge amount of tokens.
You might tell me that it was just a regular trader or investor taking profits but take a look at it again. The time difference is not far from each transactions. This is probably some bot or someone's wallet continuing to sell why others are buying - this is how the project with infinite Minting of tokens can milk money from investors. You buy, and then they sell.
I've been in the telegram group of the project for 2 weeks now and I have asked a lot about their token's contract but the admin of the group was just ignoring my question. I tried mentioning them a couple of times but still there were no response from them.
I kept asking them even though I already probably know answer which will be because they need it to mint new tokens to rewards players - which could also for them to sell it for cash.
**Third Red Flag: No Information About The Team.**
We are not in 2009 anymore where we neglect who was Satoshi Nakamoto and why he created Bitcoin. It's 2022 and everything about the project should have transparency.
Researching Movey project feels sketchy for me since there are no any information about the people behind the project. No names, no photos, no whereabouts or even just a cartoon face in their website. I can't find it in their whitepaper too and even in their telegram group there CEO cannot be interacted with.
Conclusion.
There are still lots of red flags I saw in the project such as the low liquidity locked and the way they worked on their tokenomics but I'm just gonna leave it for now.
Like I said, these are the red flags that I personally saw in the project but that won't totally mean that the project won't have a temporary success. Everything can still be changed such as renouncing their token's smart contract to have a fixed program.
Overall, I can say that this project had a huge risk of being a rugpull or a slow one since the ownership is still not renounced and the demands from the tokens will probably be smaller if more supply will be added in the circulation.
What will you do with $5,000 airdrop?
Most people are still hesitant but it's real, there are money in airdrops. Airdropping cryptocurrencies is one of the best ways for a crypto project to have more exposure from a lot of people by letting them have some of their tokens whether they hold it, use it, stake it or sell it.
The reason why most people are still hesitant about airdrops is that most of it was just a fraud or either the token or cryptocurrency doesn't really have that great value. Participating in airdrop is not really easy as you think it is because most of it requires you to use your real social medias - this one way how a crypto project can gain more community members or followers. And you wouldn't really like that especially if you want to protect your identity exposure in cryptocurrency since scammer can use your identity.
Like I mentioned, most of airdrops are just frauds or the token will probably won't have a considerable value, but if you are lucky, you can have a thousands of dollars from it.
The $5,000 Airdrop Of $FORTH Tokens.
I was a beginner in writing articles in one of the crypto-blogging platform where readers and authors can be rewarded with different kinds of cryptocurrencies - the platform is called Publish0x.
Since I was still new in the platform, what I mostly did was just to read and published articles to get a few rewards and joining Publish0x' meme contests.
I was lucky to win in one of the contests and was rewarded with $10 worth of $AMPL tokens. It was sent to my Trust Wallet and since it was only worth $10, I decided to just let it stay and hold it in my wallet.
Months gone by, the Ampleforth team announced an airdrop for all $AMPL holders. All holders of $AMPL will receive $FORTH tokens in their decentralized wallet and I was lucky to be one of those holders.
I received and claimed $FORTH Tokens nearly worth $5,000 and it was really unbelievable when I saw it in my own wallet.
Renovate A Little Part In Our House.
When I received the money from the airdrop, I immediately took some amount to be used for repairing. I have withdrawn nearly $1,000 and that includes for the materials and daily expenses for it.
I decided to fix the front of our house and added extension for another room so each of my siblings will have its own room. The front house was really my only plan because I really want it to be fixed so we can use and place a washing machine. And it was done in just 2 weeks.
Papa's 50th Birthday.
One of the best thing I did was to give a celebration for my Father's 50th birthday. We don't really celebrate expensive birthdays but I have decided that at that time it should be different since it was his 50th - golden years.
I did really know how much should I spend for it but I took another $1,000 just to be sure and it was exactly predicted.
I have bought a pig so we can have a lechon, a Philippine delicacy, and that was worth nearly $400 - it was the first time I spent that much for a foods.
And of course, drinks should not be absent so I ordered alcoholic drinks worth nearly $200. I didn't expected it but there were lots of people and my Father was happy watching his visitors so I didn't mind the expenses at all.
I also spent some side expenses like payment to someone who roasted the pig, some side dishes and other things.
Bought A Washing Machine.
The reason I want to renovate the front of our house was for the washing machine to have a place. I've been wanting to buy it so my mother and my sister won't have a hard time washing the laundry with their bare hands.
I let my cous choose which washing machine should I buy and she choose the automatic with digital screen. It was worth around $250 and I have no problem with the price since I really think it was a good deal and it's been almost a year and it still in good shape.
Invest and Lost It.
I have decided to diversify some amount for trading and investing and some actions were good but mostly bad.
I have invested in different tokens especially in DEX tokens and it was the worth experience I had. Cake, XVS, WEX and JULD were all DEX tokens in my portfolio were I lost nearly $2,000 from it. I have decided to pull my investments from them to trade it for other assets.
I also have good investment that gave me good returns but I also lose money multiple times from NFT tokens, scams and rugpulls. It was a bad experience but that made me wiser.
Final Words.
Airdrops are not a total fake kind of money. There are thousands of airdrops in cryptocurrency and all you need is to get lucky with one. Airdrop hunting is pretty hassle but there's money from it and all you need to have is patience and being careful.
3 Reasons Why Bitcoin Cash Is Still Being Undervalued.
Bitcoin Cash aims the financial freedom of everyone from central authorities and working perfectly to be the best option to use for day to day and peer-to-peer payment whether it's for the big companies or for regular people.
It has been around for almost 5 years from the idea of a real peer-to-peer and decentralized currency of the infamous Satoshi Nakamoto and now available to thousands of merchants all over the world.
Speaking of adoption, Bitcoin Cash is one of the most used and easiest way to make payments wherever you are in the globe as it is borderless, fast and doesn't cost so much when making a transactions. Merchants or any business having Bitcoin Cash BCH in their option can literally save them time and money.
With all the adoption and the potential we saw in Bitcoin Cash, we still can't deny the fact that it is still being undervalued no matter how great and perfectly it works.
*Freepik.com* https://www.freepik.com/premium-vector/abstract-futuristic-technology-background-bitcoin-cash-bch-coin-digital-cryptocurrency-market-graph-volume-indicator_18603136.htm
Its Price Still Correlates With Bitcoin.
Bitcoin Cash BCH was a hard fork cryptocurrency from Bitcoin BTC but works even better compared to it. Any exchanges where Bitcoin Cash is listed, it will always be paired with Bitcoin BTC.
The price movement of the crypto market is 99% percent relies on how Bitcoin BTC performs. In simple term, Bitcoin BTC can drag the price of most cryptocurrencies especially if it was paired to it. And Bitcoin Cash BCH was not an exception especially because it is somehow related to the existence of Bitcoin BTC.
No matter how great Bitcoin Cash can work to serve the people in the real-world with a real-world utility, its price will still and always rely on Bitcoin. Bitcoin BTC is recognized as the king of cryptocurrencies, if any bad fundamentals targets Bitcoin BTC, it was already expected that if Bitcoin BTC reacted to it and started plummeting, the whole crypto (or mostly) will follow. This is one reason why dethroning Bitcoin BTC is a great move for the crypto market. When that happens, every cryptocurrencies that has the potential to grow, especially Bitcoin Cash that works perfectly in the world of cash payments, can achieve its deserving value.
Bitcoin Cash Was Always Behind In The Trend.
Back in late 2020 and the first 2 quarters in 2021, DeFis was a trend. Hundreds of new chains emerged from different blockchain project giving opportunities to investor to stake and farm different assets in different AMMs but back then, Bitcoin Cash and SmartBCH was still preparing to join the trend. Those chains and AMMs was seen to have a massive usage, adoptions and growth but Bitcoin Cash was still not prepared and jumped when the trend was slowly fading.
During the last 2 quarters of 2021, NFT and GameFi was the new trend. It was one of the reasons why millions of people were adopted and expose to cryptocurrencies. But the experienced from different NFT projects was not 100% positive because lots of people also lost money from scams with an idea of Play-To-Earn gaming. People becoming a lot more wiser on where and when to invest. Bitcoin Cash and SmartBCH jumped into it a little bit late. NFT and Play-To-Earn trend is slowly fading and Bitcoin Cash with SmartBCH was only starting in the trend where the crypto market are making another trend - move-to-earn.
Competitions Are Getting Harder.
Just few years ago, Bitcoin Cash was in the top 10 of all the crypto ranking - in the top 5 to be exact. It has been there for quite sometime and things have changed when the market evolved.
When DeFis boomed, different blockchains emerged and was massively valued. Even meme coins also has a run. Bitcoin Cash was slowly being out of place in the crypto ranking, not because it was not working, but because the interest of the people was redirected.
People forgot how important peer-to-peer payment is and what cryptocurrency should be.
From being in the top 10 crypto ranking, Bitcoin Cash was overtaken by lots of new cryptocurrency projects and now sitting around in the top 20 ranking.
Final Say.
Bitcoin Cash being undervalued because of new crypto projects does not mean it will always stay in that spot. Personally, all of these new trends right now in the crypto space, I considered it as temporary. The crypto market will soon realize and get back on the real track of how decentralized payment should be and Bitcoin Cash will eventually get back in the crypto ranking and will eventually get the price its deserves
Wirtual Free Move-To-Earn Project That's On Par With STEPN And $GMT.
It is now undeniable that we have already taken the step to the new trend in the crypto space. It all started with STEPN with the concept of rewarding people by having a healthy lifestyle through moving around anywhere and anytime. The $GMT token, which is the utility token of the STEPN project, had seen massive growth of investors and holders and the demands for it from people is still massively growing and shows no sign of stopping.
From just around $2 million in market cap, the $GMT token has now reached a valuation of nearly $2 billion market cap in just a few months since listing on exchanges. Since move to earn is the new hype and trend, the $GMT token is expected to overtake the valuation of $AXS token of Axie Infinity, where Play-To-Earn hype started with, which means that $GMT token still has a wide room to grow in terms of its price.
This new concept and way of earning is very unique and sooner more people will embrace and use it for their daily activities. However, you wouldn't be so sure where to start so I have this one great move to earn project where you can start and it also comes with free usage.
Wirtual - Exercise Daily.
https://wirtual.co/
Wirtual is one of my favorite move to earn project right now in this new trend. Wirtual is an activity app where people can join in running, walking, dancing, swimming, cycling and more and get rewarded with their native token $WIRTUAL.
However, this project is not really that decentralized because you will be required to register first before going in any activities in the app.
Registering us pretty easy:
- Choose your country code, enter your phone number.
- Enter the OTP code sent to you as verification in order to enter your account
- Tick “Terms and Conditions”
- Registered successfully
And get started:
- Register the app
- Connect to health and fitness app
- Join a Challenge
- Exercise
- Submit your activity result
- Receive WIRTUAL Coins (00:00 UTC+0)
Source: Wirtual website. https://wirtual.co/
The Wirtual App is available in Google play and App Store and you can just click the lick from the website to be redirected to the downloading app.
The $WIRTUAL Token.
https://wirtual.co/
The $WIRTUAL token is currently being reviewed by Certik Audit to ensure the safety of the investors. Anytime soon, the audit will be completed and more security will be added to gain confidence from the people.
It also has a 100% safety score from Tokensniffer showing the token was deployed perfectly.
The token is currently available in the BNBChain.
Currently, the $WIRTUAL token has a circulating supply of 998 million tokens with a market cap of enormous $713 million - if compared with $GMT, the $WIRTUAL Token has more rooms to grow and it could possibly get over $1 billion again anytime sooner.
Since launching, the price of $WIRTUAL token has grown from $0.2 to over $2.6 per token - that was over 10x if invested and was lucky to jumped in early. Currently, the price of the token is trading around $0.7 and no one is certain where will it go in the short term.
Sweatcoin - Earn With Every Steps (Bonus).
I have write about this project and I am very hyped about this. This project has been around 5 years already, rewarding its daily users with their $SWEATCOIN token that can be exchanged inside their app.
For 5 years in operation, the project has now jump into the crypto space and soon will launch their in-game token as a cryptocurrency - meaning their own token will have a real-world value and not just inside their application.
Starting in SWEATCOIN is basically easy;
Go to their website
Download the app from playstore
Regsiter in the app through email
Activate the wallet (an email will be sent and make sure not to delete it)
Start walking/running and earn points (1000 steps/points is equivalent to 1 $SWEATCOIN
For more information about the app/project, you can read it here: FitFi; Move-To-Earn with Sweatcoin. https://read.cash/@Mr.Valentine/fitfi-move-to-earn-could-potentially-be-the-next-wave-of-trend-and-here-comes-sweat-coin-2650973c
Conclusion.
We are just still in the starting phase for more adoption of move-to-earn concept and Wirtual and Sweatcoin serves as our gateway to step into the trend. Nothing is certain about the future but these projects has the potential to be used by the people for their daily activities.
OJT Application Done: We Just Had Our Pre-deployment Orientation Seminar.
**OJT Blog #1.**
It's been 4 months since we, the 4th year students of Business Administration school, started compiling the requirements we need for our OJT application. It's been a very tough months for us as we struggled so much especially when it comes to our grades because a missing grade would mean no OJT for the next semester. As of now, we still lack 1 grade from our Thesis subject and the instructor only gave us a temporary grade and we still need to finish the project for us to graduate after our OJT.
During the past 4 weeks, I focused myself on compiling the papers to be passed to our OJT coordinator. It was not easy as I thought it would be because things gets rough after one paper is done. I had a hard time getting my police clearance because the staff in our barangay is hard to find to get my barangay clearance (a requirement for police clearance), getting a notary from a lawyer, getting the signatures of the school staffs and lots of photocopies from those papers. Luckily I had no problem creating a folder for those papers and making a tabbings since I have my girlfriend, who is also my classmate, that helped me out.
The only problem I have left for now is my PSA both certificate because according to paper, the surname I had is the last name of my mother indicating that my parents were not married. That was not really the case because according to my live birth, I am correctly using my surname now and the fault is really not on me but with the PSA office because they were not able to update my personal information. I still need to fix this problem so I won't be having any future problem especially when graduation comes.
Pre-deployment Orientation Seminar Concluded.
Today, April 21 2022, was our first and probably last seminar before our deployment to different agencies. The seminar tackled the do's and don'ts of things if we are already in the field for our OJT experience.
We were also given a chance to asked questions for ourselves if there are something we need to understanding.
The coordinator updated us that those students who wants to take their OJT outside the province can prepare already because they have already talked with different agencies in different places such as Cebu, Tacloban and Ormoc and they were already approved.
And for us students who want to take the OJT within the province, the expected deployment would be around first to second week of May (next month). They are still yet to talk with different agencies in our province to estimate the students on where and how many students should be deployed in that place. They announced that probably by next week, they will be assigning each students their designated agencies and just be prepared and stack some confidence for the experience that is yet to unlock.
Since our coordinator let us choose freely where and which agency we would want to take our OJT, I choose the place of our hometown. I knew there are two places where I might possibly be deployed - our Municipal Hall and OCCCI (lending/bank). I was hoping to be deployed to our Municipal Hall because it is just a few walks from my house and I think I won't be having a hard with the people because I know most of them since most staffs only live in my neighborhood.
Final Words.
It was a motivational seminar and honestly had listed some tips on how to perform while in the office/field. This will be a very new experience for me as I was only used to work virtually and online class wasn't enough to cover the knowledge I should have during face-to-face classes. I'm feeling less confident about myself if I can really do some office works but I am also open to new experiences and hopefully, by the end of our contract, everything is on place properly.
FitFi: Move-To-Earn Could Potentially Be The Next Wave Of Trend And Here Comes Sweat Coin.
DeFi marked a trends on late 2020 and early 2021 and AMMs were dominating in the space showing enormous growth and adoptions. SocialFi has been steadily keeps on increasing as time goes by as it is becoming the haven for content creators that can greatly monetized and give real and so much value to their works. NFT and GameFi started its strong trend on mid 2021 and until now it has keep on onboarding new investors and players as this is potentially the new evolution from traditional gaming.
DeFi, SocialFi and GameFi are just few of the hottest words during 2021. And as time flies and the idea of blockchain is being inserted into the lives of everyone, new waves of trends keeps on coming. And the latest trend that can potentially be the next big thing in the space will not only benefit the people's wallet but also for their health - FitFi or Fitness Finance. And here is SweatCoin jumping early into the trend of walk-to-earn.
Let's Walk With Sweatcoin.
Even before the idea of Play-To-Earn and move to earn in the crypto space, Sweatcoin has been around since 2017 rewarding its users with $Sweatcoin, the in-app reward currency that can be exchanged with every move. Yes, move-to-earn was already an idea in the app and that's how they rewards their users.
For every steps the users take, an equivalent of coins will be credited into the users account. When a users reached a considerable amount, users can go to the in-app marketplace and they can exchange those coins into an item available in the SWEAT Marketplace.
Like it was mentioned above, the app has been around since 2017 and after announcing that the SWEAT project will soon release their own cryptocurrency, the app has been already downloaded over 50 million times and now has over 60 million registered users. When the project launched its own cryptocurrency, it is expected to reach 100 million users.
The $Sweatcoin And How To Earn In The App.
I've been doing my research about the project and the company and all the informations I've gathered will most likely to be changed in the future since the project still hasn't released the whitepaper and tokenomics of their future cryptocurrency.
$Sweatcoin, according to the app, is almost like Bitcoin. The more people uses the app, the more it gets harder to earn. Think of it as mining, but instead of mining, people can earn the cryptocurrency through walking. As of writing this article, 1,000 steps you make is equivalent to 1 $Sweatcoin and as time goes by, the ratio will be changed accordingly.
According to the official Twitter account of SWEAT, their native cryptocurrency will have no max supply - therefore it is infinite. Personally, that is a red flag for me but I am giving the project a chance since it has promised that lots of mechanisms to balance the supply of the coin and its demands. Like I said, it was only said in their Twitter account and not yet on their official whitepaper.
There are only few options to earn $Sweatcoin in the app;
Move-to-earn - use the app while walking or running and get $Sweatcoin.
Finish the 3 daily tasks to receive random amount of coins.
Refer and earn. (I will not use my referral link here as it is against the platform's rules).
To get started, simply go to their official website to download the app; Sweat Economy Website. https://sweateconomy.com/
Registration only takes a few seconds and only requires you your email address to register.
Additional information and a warning: Once you signed up in the app, you will be needing to create your own wallet where you can send and receive your earned coins. After creating it, the app will send you a very important email. The email will serve as your keys to gain access to your coins in the app. **Do not delete the email**. Deleting the email would mean losing access to your coins to be send outside the app once the coin launches and affordable in the public.
Conclusion.
Sweat Coin app has been running for around 5 years and rewarding their users through their in-app exchange. The project announced that they will launched their cryptocurrency on summer, no specific time announced. No one knows what will be the future value of the project but since it was strongly founded and established, this will probably worth the people's time and effort to try the app and since the coins can already be exchanged inside the app.
Sweat Economy Twitter 1, Twitter 2. https://mobile.twitter.com/Sweatcoin https://mobile.twitter.com/SweatEconomy
Website. https://sweateconomy.com/
The 3 Reasons Why You Should Join The Club1BCH Discord Channel: Hop Into The Server Now.
Learning will be so much fun if you have the people around you to help you grow and take the possible risks together and minimized it by sharing each other's idea and taking each other's advice.
The cryptocurrency space is literally like the space - a never ending learning and financial opportunities. You can jump into it alone by yourself but having people to accompany you will make the journey a lot more interesting.
The Club1BCH was organized and founded for over a year now and its sole purpose back then was only to gather different people in the Bitcoin Cash community and challenge themselves to accumulate and hold 1 whole Bitcoin Cash BCH no matter how and when will it take you to reach the goal. But now, the club is more than what it was supposed to be in the past.
Meet Different People - Crypto Enthusiasts, Blogger and More.
Who would not love to interact with knowledgeable people when it comes to cryptocurrency?
You want to know new crypto projects/review, earning opportunities (competitions, NFT games, etc.) and solid articles with meaty information? Hop into the server and meet different crypto content creators like @PVMihalache, @Pantera, @MoreGainStrategies, @Idksamad7869 and there are more of them in the channel.
Love blogging or reading real-life and fiction stories? @Jane, @Eybyoung, @carisdaneym and @bmjc98 got you. Of course, in a not particular order. Their ideas are not only limited to making stories but also have a wide idea when it comes to cryptocurrency.
They are only few of the authors/content creators I would love to mention in the article and you can hop anytime to the Club1BCH discord if you are looking for more.
Random Links and Giveaways.
You love free stuffs? Bitcoin Cash BCH, NFTs and more?
Well, the channel has a specific server for it. @PVMihalache, @Crackers and @Halu are dropping random links (BCH shareable links, Wax NFTs, etc.) and you would want yourself to be the first one to click and claim any of those links. Of course, dropping links are not only limited to the person mentioned above. Some members are also and can drop and share whatever they like to share. This creates some interesting activities in the channel. Imagine communicating with lots of different people and learning from them while randomly and possibly be the first one to click the random link that popped out? How cool is that?
SmartBCH Forum.
Different people, different chains - but that doesn't mean we are divided.
SmartBCH is the primary chain for most people in the discord channel and admins in the channel created a specific group that is mainly about SmartBCH.
This is the place where everyone can talk about any projects in SmartBCH. Share new projects, refers to presales, public launches and many more. Here you can get updates on which new project you can jump into and which will be the trend - whether it's NFTs, Play-To-Earn games and even degens.
One thing I'm expecting in the channel is when the group has enough members, SmartBCH gained more attentions and new projects keeps on emerging, hopefully there will be future AMAs from different projects that want to launch their product in the Bitcoin Cash ecosystem. Fingers crossed, we will soon be there.
**Bonus.**
Club1BCH consists of different authors with different expertise. Together, we share our works in a specific channel where we can drop the links of our work and members can decide whether or not, when or never, they will appreciate your work.
New authors in any platforms can get some audience from the discord channel and every work can be appreciated in different forms such as sending cryptocurrencies or sharing it too other social medias.
Final Words.
Club1BCH is great community rooted from the Bitcoin Cash community but not limited to it. Club1BCH has also expanded to other chain/s as WAX blockchain and in the next months or years, it will expand even more to other known chains there is in the crypto space. Jump in now and join in this great community.
The Discord Channel. https://discord.gg/UzSB2Zjn
@Mr.Valentine
