A Look into Yield Farming on Harvest Finance and Yearn Finance
Generally i am not a fan of yield farming due to the risks involved in that investing business which include permanent losses. I started knowing about Harvest Finance when i joined Publish0x and iFarm was part of the tokens used for tipping and at that moment i started falling far the harvest finance and i am now even part of the investors group in Harvest Finance. https://www.publish0x.com/?a=BDbD9wAKdl
**What makes Yearn Finance so catchy?**
If you take a look at Yearn Finance you can see that it has an all time high of $93,435.53 which was set just 8 months ago and if you check a year ago it had an all time low of $739.44. So for someone who sacrificed a few dollar and bought 1 YFI 1 year ago that person had $93,000 8 months ago. So you can see how this paid off.
**What could be the reason for this?**
Yearn Finance has a limited supply of 36,666 YFI and with this low supply it wont meet the whole demand and therefore the price will surge. it has a total locked value of $5,735,658,422 and currently trading at $5,735,658,422.$-1,832.90
It is currently suffering a major blow from the bears and in the last 24hr its lost $-1,067.83 in value and its promising to keep on going down and it might reach $34,700 and if that zone fails to hold we then look forward to $34,000.
**Harvest Finance Analysis**
Technically looking at Harvest Finance we can clearly see that has been sinking into the red sea for some months and is finding it hard to break $200 zone. We can not say FARM is a sh*tty token because the whole of crypto market is going some ups and downs.
What gives me hope in this token its limited supply of 690,420 which is few enough to push the price up provided that it stays in the right direction without any complications.
Currently its deposits in the Yield farming are at **USD288,021,066.15 USD** and the market capitalization has increased a bit and its standing at $$112,250,813.
The guys behind it are working tirelessly to make things work and recently they updated their system and they added a new feature **"Polygon MATIC".** They are now listed on some big exchanges which include Coinbase and Binance and recently its performance has been good**.** So considering all these we can see there is light at the end of the tunnel as they are pushing to make this a worthy investment.
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The Crypto.com Season is just warming up
Crypto.com has outperformed other crypto assets in 2021 and it wrapped it up in style. All that happened in the 4th quarter was signs that its gearing for massive gains. I was not that late i jumped in when it was trading around $0.18 before they got listed on Coinbase and it sky rocked whilst i was on board.
*In that same quarter the following happened:*
Mainnet went Live - In November they had their mainnet live and this proved they were just getting started.
Staples Center Deal - They signed a $700 million deal for 20years and they took over on the 25 December and on the second quarter of 2022 they will replace the Billboards and names on the stadium. Considering the number of events hosted in the Staples center we expect a huge adoption of the CRO since the majority will be using their metallic cards to stake CRO and buy tickets and get cashback's. https://www.ticketfaster.com/venues/staples-center?gclid=Cj0KCQiA2sqOBhCGARIsAPuPK0i8Na6rJRDJk80PWJ9WnsoUW-XR6FFfWrFrWVcesQs4zDAQqpfkTswaArrVEALw_wcB
IG group 2 exchange Deal -They bought 2 US exchanges for $216 million and the deal is set to be sealed in the second quarter of 2022.
This was a nice foundation setup by CRO, they are so dedicated at marketing the CRO and there is no doubt that their exchange will become the second biggest to Coinbase if the continue like that.
**CRO Technical**
The above chart shoes that the price of CRO was going up nicely before it retraced. Then it later on broke out of the upper trendline and has now found support on the lower trendline as it is preparing to skyrocket. Currently we can safely say they are accumulating more orders preparing to takeoff, the arrow i included in the charts is showing how its likely to move.
Since this is a new year we are expecting a lot of good news from the CRO team to fully backup the bullish syndrome. They have so many partnerships which include UFC, Formula1, PSG and so many others CRO has proved to be a promising alt coin and its worth looking into.I am not a financial advisor but on this i can encourage not to miss it since it has so much to offer.
Join me on https://www.publish0x.com/?a=BDbD9wAKdl for other detailed articles and also earn for just reading articles
Covid-19 Vaccines and How they relate to Economy
When there was Covid outbreak in China the majority never thought this is going to be a world pandemic. When it started spreading to European countries some officials from African countries were now saying it was God punishing the whites and some claimed because Chinese eat dogs and some other unusual animals that's why there was covid? Some believe is a virus created out of the labs for some reasons.
**Whats could be the reason for this Pandemic?**
**Revenue** Honestly speaking no one really knows what transpired, but lets assume that is was truly created by scientist what would they want to benefit from this? The motive might be to make billions of dollars form selling vaccines. For a scientist to make money from vaccines its obvious there should a virus e.g in the computer and software world you can not create an antivirus, sell it and make money.You should create a virus and spread it then you provide the solution in form of antivirus then the equitation is complete.
So the same could have happened with covid because with the global population of more than 7.9 billion, imagine if everyone is forced to get 2 to 3 jabs of vaccine how many vaccines will be created from the labs? How many vaccines will be sold to different countries and how much revenue is generated? We have so many companies making vaccines and they are pocketing a lot from this pandemic.
**Population Control** Some might say the reason for this pandemic is to reduce the global population which is growing on daily basis resulting is high levels of unemployment. If we are to look at this with the employment perspective we can say it has affected negatively because now companies are shutting down and people losing jobs which is increasing the high numbers of unemployment.
**How Badly this pandemic Contributed to the Economy?**
It has damaged the day to day operation of business because now businesses are no longer operating at full capacity do to limitation of trading hours. Some countries closed their boarders and this has affected the import and export which will reduce the GDP of countries. The health sector is the only sector which will boost in this current situations because their share will surge on the stock market.
**How safe are the vaccines?**
Recently Dr Robert Malone the mRNA vaccine inventor had his Twitter account suspended for saying the vaccines are not safe for children. So this action will have people thinking "Why would they suspend a Virologist account for expressing some information about the vaccine, this will leave people with a lot of questions.
People has different perspective on this because some people are refusing to take the vaccines saying they are not safe since they are not trusting the outbreak of this pandemic so as the vaccines. Some are taking the vaccines and experience nothing but some are having some negative effect after taking this so we would say its 50/50.
The ones who took the jabs are waiting for the unvaccinated to catch the virus and the unvaccinated are waiting to see the vaccinated suffer from the jab so its two sided.
Check out my other blog for other interesting articles
https://www.publish0x.com/?a=BDbD9wAKdl
What are Pumps and Dumps in Crypto & how are they Done
I came back with another interesting topic on what is pump and dump in Crypto markets and how it is done.
**What Is pump & dump?**
Pump and dump is a process where buy a whale investor or a group of many investors influence the price movement in order to gain massive profits over short time influencing other traders with the intention of selling later offloading their assets to the public and therefore making the price fall hard.
**How is it done?**
This is widely done is Centralized in exchange platforms like Binance, Crypto.com and so many other where there is direct trading interaction between different traders fro world wide.Firstly lets say a whale investor spotted a Crypto asset which is undervalued an it has low supply he can buy a lot of those tokens. Obviously he will have a group of traders who will be following his/her signals daily. Once her acquires as much as he can he then give a signal to the rest of the traders to buy and hold and this will push the price up in minutes even in seconds, that is pumping.
Then when the price hits certain levels where they expect to take their profits they then dump the assets forcing the price to fall, that is dumping.
The above picture has a clear picture of how it is done, as we can all see the price started at loss and it was pumped up to the top then its was later on dumped and it fell below and now its trading close to its opening price. Now those who entered as a result of FOMO are now back to where they started. They were just used to provide liquidity to the whales.Traders makes millions with this as they just buy a lot of assets and dump them.
That is why it is always said never trade the news in the Crypto and financial markets as that is used to hake the markets an that is how prices are manipulated so its wise to stay away from news.
**CONCLUSION**
If you are to participate in the pump and dump make sure you know when to buy and when to sell or just make sure you trade with the whales and do whatever they are doing that moment.
What is Adshares and Its Ecosystem
**Overview**
Adshares is a decentralized web3 advertising protocol launched in 2017 with the intention to allow users rent advertising space and monetize it in the metaverse space. You can wrap your Ads and store them on Binance Smart Chain, Ethereum or Polygon Matic Chains since its a cross-chain and this is an advantage in-case the other chain is experiencing overload and higher fees your can simply switch to the other.
All the payments on Adshares are settled in ADS coin and this token is deflationary which means its supply is constantly reduced due to burning. Its current circulating supply is 20,984,392.21 ADS and the maximum supply is 38,758,206 ADS and its Market capitalization is $64,151,997 with daily volumes of $3,139,089.
**The benefits of decentralizing advertising networks**
Lets take a tour on the Adshares ecosystem and see some of the advantages it brings to its community:
Speed - Its ultra-fast blockchain can process millions of transactions in second
High Performance - It is cost efficient which makes it cheaper to advertise on
Privacy - Personal data is not shared to the public
Staking- ADS holders receive rewards for monetization
Cross Chain - Users always have an option to switch between networks due to its cross-chain functionality
Middleman Elimination - There are no 3rd Parties since the deal is done between the publishers and advertisers
With the emerging and fast growing Metaverse in the Crypto world, we can say this is the right moment for Adshares to shine as you can integrate any blockchain game on it and monetize it.
**Decentralized Autonomous Organizations Governance.**
As the Adshares is a decentralized network it falls under the Decentralized Autonomous Organization (DAO) which means it belong to the public and element of centrality is eliminated. All the decision making process involves each of every member which means everyone from the bottom to the top will participate. With this it gives the users the right to decided the future of the Adshares though guided by the rules enforced on the Blockchain. If it wasn't a DAO then we would say its future is bleak because once member feels like they are not part of the family they will lose faith in its.
**Decentralized advertising VS Facebook**
People and most business uses Facebook for advertising their business but the only disadvantage is that it has an element of centrality in it. Facebook advertising forbids users to advertise promoting some products so with this metaverse in play it will be difficult to fully implement its advertising on Facebook . Also for you to monetize on Facebook you should have 600,000 minutes of viewed content for you to start monetizing. Where as in decentralized the market place will be fully decentralized and lets the publishers and advertisers on a public blockchain. This will make Adshares the best advertising platform for the Metaverse and gaming products and monetize it.
**What ad formats can we design inside Metaverse**
When internet and online shopping first came in most people never knew it will take the world in a storm but now we have billionaires who emerged from that. Now that we have Metaverse on the ground its going to conquer the world and since this is still new most people might not understand how it will work, so there is need for a 3d virtual advertising. Imagine making an advert which demonstrate what its like in the metaverse, making dreams come to reality.
**Implementing the Adshares protocol to help Monetize Metaverse and Gaming.**
Adshares integrates publishers and advertisers in one place using blockchain making it the most advanced blockchain adverting platform. Members can create and implement their ads, monetize them and settle their payments using the ADS coin. Its an ecosystem which is fully packed with whatever the users might need for their work to go further.
**Need for Decentralization and how Blockchain will change Marketing**
Decentralization means that the member are part of the ecosystem and all their thoughts matters and are free to participate in decision making and determining the future plans of the platform and integrating it into Blockchain is a game changer because the world is going to fully digitize and blockchain advertising will be made easier and not forgetting monetizing at the same time. Every business will be more than happy to advertise on a Decentralized Blockchain making their customization on their adverts without limitations.
HiFi Gaming Society Hosting a Dual Tournament on 2048 and Tetris with $888,8 USD to be Won
HiFi Gaming Society chose to end the year of 2021 in style by holding a dual competition and players are going to compete playing Tetris and 2048. Currently they have another 2048 competition which is ending on 27-12-21 and the pot size to be won is 60,000 HiFi's equivalent to $264 which is to be shared amongst the top 5 winners. The pot size of the Dual competition is 202,000 equivalent to $888.8 to be shared amongst winners. https://hifigamingsociety.org/browse-games
**Who are to Participate in this Tournament?**
This competition is not limited to the HiFi community members only but its open for everyone else, gamers from Tetris community, 2048 community and other gaming platforms are all welcome to participate.
On the current ongoing competition we got a nice response from the 2048 community and players from that community are taking the lead already in the tournament and i am sure they are going to win this tournament. On the next dual competition we expect more gamers from other gaming platforms and communities and its going to the be clash o the Titans.
👋 ****HiFivers****
📣 **Announcement**
So far we have 202.000 HIFI 🤑, (currently worth $888,8 USD) in the prize pot for the last HiFivers Compete “Community edition”
What better time than the holidays to introduce friend and family to HiFi Gaming Society and invite them to compete with us for prizes in HIFI!
🕹 HiFi Gaming Society https://hifigamingsociety.com/
The games we will be playing next week are:
- Block Puzzle (Unity game with ranking)
- 2048 a great puzzle game
Thanks to these HiFivers for the contribution
🎁Hubble: 20.000 x2
🎁Mariano: 20.000 x2
🎁Miguel: 20.000 x2
🎁Chimptastic: 20.000 x2
🎁And1: 11.000 x2
🎁Jaeger_Sc: 10:000 x2
What’s planned: 🙉
**Monday January 3rd**
- First official HiFivers Compete 🕹
- Block puzzle competition
I have to admit, off all the communities that i have ever been , HiFi Gaming Society is the most exciting with a strong community and dedicated devs. The team behind has its community at heart and they always interact with them taking note of their concerns.
**What other Promo are they offering?**
While they are running a tournament and giving away prizes to winners, they chose to make another giveaway to 25 lucky winners who are willing to participate in this coming dual competition and each of these lucky winners will each receive 1000 HiFi tokens in their wallets. This is an opportunity you would not want to miss. Remember Christmas comes once in a year, so you never know you might be amongst the lucky winners and receive your 1000 HiFi.
For those who want to participate in this dual tournament join them on their Telegram Channel through this link HiFi Gaming Society I Platform and get ready to rumble and also to be amongst the lucky winners show yourselves in the comment section and i will give you further details. Do not be left out, if you are a champion come an prove yourself. https://t.me/HiFiGamingSocietyPlatform
What is HIFI Gaming Society & Its Ecosystem
HIFI Gaming Society is Play to Earn Metaverse platform were gamers are paid for playing games on the HIFI platform. I can say its a one stop gaming platform were you will also find most of the retro games you might think of. Whilst other Metaverse just have their own games, HIFI Gaming Society also integrated other retro games on their platform which makes it a more powerful Metaverse platform as you will have a variety of games to play. It is a BEP-20 token and runs on the Binance Smart Chain. https://hifigamingsociety.com/ https://hifigamingsociety.org/browse-games
**How Does the HiFi Gaming Platform work?**
If you log on to the platform HiFi Gaming Society you will notice that there are different segments which are as follows: https://hifigamingsociety.org/browse-games
Games - This is where all the games are listed and you can chose what you want to play from that list.
Stats - This is where you see the amount of HiFi's you have earned from playing games and staking.
Ranking - On the Rankings tab you will see all the rankings, from Daily logins, amounts staked, daily challenges, total time played e.t.c.
Farms - This is yet to come, but currently you can farm HIFI's on Ape Swap with an APR of 91.74%. https://apeswap.finance/farms
Compete - the compete is coming on Monday January 3rd 2022 but currently they are holding community driven competitions every week
Staking - On this there are 2 staking options, either you stake to play games or you stake to earn with APR of 51%.
**How to Stake, Play & Earn?**
**Stake & Play.** The platform accommodate all, for those who just want to play their old and new favorite retro games without earning you go on the stake and play tab then stake 1000 HiFi's which is about $4.5. All you have to do is connect your meta-mask wallet on the platform then you click the stake button and it will prompt you to confirm the transaction in you meta-mask wallet.
**Steak & Earn**. If you are a gamer who wants to get paid for playing games then you are on the right platform, you just have to stake 10 000 HiFi's on the platform which is about $44.5 and earn a juicy 51% for playing games for just 10mins and if you continue playing for extra 50mins there are other rewards for that. Every gamer need HiFi Gaming Society is their lives to earn a living from playing games.
**Boost.** This option is for boosting gaming rewards and with this you will accumulate more HiFi's for just playing games. There is Early Adopt Boost (Bronze) for 2000 HiFi's, then there is Power User Boost (Silver) for 5000 HiFi's and lastly the Game Master (Gold) for 10 000 HiFi's.
The above chart shows the amount of HiFi's you will earn for playing games on different level with no and Boosters included. The boosters are more effective if you have been logging in for 60 days and above and this is done to make sure the most loyal HiFivers benefit form that in less time. Currently HiFi Gaming Society is the hottest Metaverse you should not miss.
**What more should you expect from HiFi Gaming Society?**
The HiFi developers are working day and night to make it the Godfather of the blockchain Games and Metaverse by introducing new and constant updates. They are releasing the following:
**"On the 27 of December**
- New API
- Unity games compatibility
- Block puzzle (Unity game)
- High score leader board
- HiFivers compete “community edition” Block Puzzle
- HiFivers compete “community edition” 2048
- Announcement winner Meme competition
**Monday January 3rd**
- New Game (Unity game)
- First official HiFivers Compete 🕹
- Block puzzle competition
**Tuesday January 4th**
- Watch Twitter that day 🙉 (4:30 UTC 🤫) https://twitter.com/HiFiDeFi
**Early January**
- Announcement HIFI partnership😱"
For these and more constant update check out their social pages, Twitter and Telegram https://twitter.com/HiFiDeFi https://t.me/HiFiGamingSocietyPlatform
When is the Correct time to Buy Dips
**"Buy the Dip",** these days its an everyday theme as crypto analysts, traders and big whales are always advising others to buy cryptos while they are down. Even Robert Kiyosaki once said that as he was giving a financial advise to buy while its low.
**What does Buying Dips mean?**
Buying dips its when the market fall as a result of market correction or a crash and when its still down its called dips as the bears would have out numbered the bulls then traders and investors will take advantage of that and acquire more crypto assets.
**What to do?**
As always advised its good to buy dips but its not all about just buying. When it comes to crypto trading what matters most is patience though it must never be too much. Timing it what matter most so if you combine Patience and Timing you will buy value and sell at premium. Lets say a knife is falling, what is the best thing to do, to catch it while its falling or to wait for it to drop down then pick it up? Obvious it would be wise to pick it up after it falls because if you try to catch it you might hurt yourself in the process.
**Review**
I previously wrote an article and on that article i predicted BNB to fall to around $300 but it has not tested that low yet, the lowest it tested is $350 and its currently trading at $541 and i am hoping to buy until it hits $700.
I also talked about bitcoin and i predicted it to test $38400 and it tested that level now its trading at $50000, i am expecting it to continue buying until it reach $62500 and i will buy till that level and will ind a minor resistance around that price then it will break above.
Then Ethereum i predicted it would test $3000 and it fell as low as $2800 which is the key level now its trading at $4,031.93 and i am expecting it to test $3700 then maybe i will consider buying again.
**Conclusion**
This might be the right moment to buy dips but for someone who has Forex trading background combined with crypto technical analysis, it would be wise to wait for a clear setup and when it ready to buy we then buy but as for me i am not buying anytime soon as this setup might take days to complete.
What makes HiFi Gaming Society the Backbone of Metaverse
There is no doubt that Metaverse has taken the crypto market by storm. There was a time when Meme token made headlines and Metaverse is now proving to be the hottest topic at the moment. It is the future and you have to make sure you are invest in the metaverse before its too late.
Of-course we know that metaverse is the future but, its incomplete if there is no HiFiverse (HiFi Gaming Society) in the equation. I am sure a lot are now wondering what is HiFiverse? Lets get into detail and see what it is and what makes it the Backbone of Metaverse.
**What is HiFi Gaming Society?**
HiFi Gaming Society is a metavese token which is a play to earn token where players stake their tokens then play games and earn rewards for just playing. It still has a low market capitalization of $5,559,125 which makes its a good investment. Its total supply is 1,000,000,000 and out of that 300,000,000 is circulating and 214454424 HIFI is locked across the network which left us with 85,545,576 HIFI on pancakeswap and apeswap. The below picture shows the statistics of the number of tokens mined and locked at the moment.
**How do Players Play and Earn**
Players stake 1000 HIFI is they want to play games only and if they want to play and earn rewards they stake 10 000 HIFI and play for just 10minutes and earn with an APY of 51%. Then there are also other rewards for just playing, you will never find a platform with juicy rewards like this. You can also boost your rewards by purchasing boosters for amplifying your rewards and earn more.
**Whats Makes HiFivese unique from other Metaverse**
HiFiverse is more than just a Metaverse, if i am a asked what makes HiFiverse unique i would say it is the God Father of Metaverse. Unlike other metaverse HiFiverse brought back the good old days on 80's and 90's and integrated those retro games like *R Type, Blocks From Hell, Blood Bros* into their HiFivese.
You can imagine in your HiFiverse playing retro games and competing for rewards. On HiFiverse they always host competitions and players will be competing against each other and get reward, like currently they have a competition on *RType* going on and there are suppose to be 5 winners.
**HiFiverse NFTs**
The thing with HiFiverse is they are always working hard on making HiFiverse the the backbone of metaverse, firstly they first brought back the retro games on their platform. So while we are waiting for the other developments and games in progress we will be competing and earning loading more HIFI in our bags. Their NFTs are already listed on pancakeswap and you can go and buy you NFTs there. currently we have 2 competitions ongoing and soon we will have new competitions. 2022 we have more coming, just fasten your seat belts and the HiFiverse is gonna drive you crazy. https://pancakeswap.finance/nfts/collections/0x3E8bb868753357be4492958A8f63dfa29432996D
The above screenshot is of some of the HIFI NFTs you can see how amazing they are. Get yours before they run out because they are selling like hot cakes. Below i attached links on were you can learn more about HiFi Gaming Society.
NFTs :https://pancakeswap.finance/nfts/collections/0x3E8bb868753357be4492958A8f63dfa29432996D
Website: https://hifigamingsociety.org/browse-games
Telegram: https://t.me/HiFiGamingSocietyPlatform
Twitter: https://twitter.com/HiFiDeFi
An Alternative for Token Swapping on Decentralized Exchange
Whichever problem you are facing there is always a solution, as long you keep on digging you will find an alternative. Back in the days when there were more much tokens transaction fees were less and you could made a lot of transaction without thinking of charges. Now we have Tokens e.g ERC-20, Bep-20, TR20 and so many more and these for you to get them you have to swap them with another coin or token.
**Problems Faced with Swapping**
Swapping is a huge challenge on the Ethereum based tokens as they are charging exorbitant fees like $130 just to swap and the fees vary. Even if you want to invest in crypto tokens if you just think of the charges you will have second thought because its expensive. As for Bep20 or Tr20 token its very cheap to swap them as you are charged less and the problem is on Ethereum based Tokens.
The image below its of a transaction on Binance Smart Chain where i was swapping Ban with HIFI an the maximum network fee was $1.71 which is reasonable. With these gas fees you wont hesitate to swap tokens.
Then this one below its of Ethereum main-net an i wanted to swap NOW Token with CRO and the estimate gas fees was $103 and the maximum network fee was $189 for a transaction which is less than $40, is it normal to pay fees more than 4 times your investment?
**Alternative Solution**
The solution is to buy these tokens from an exchange its much better as the charges will be less. If you can check the image below we can see that for me to withdraw 100CRO i am supposed to pay 20CRO which is equivalent to $11.50. So i would rather deposit my coins on a centralized exchange like Binance, kucoin e.t.c then trade them there for tokens and withdraw to my wallet.
So buying tokens on a centralized exchange and withdraw it its much better than swapping token on decentralized exchange like uniswap or in web wallets like metamask. unless if its Bep-20 tokens or other tokens running cheap chains.
What does the Future Hold for Binance Smart Chain BSC & Crypto.com CRO
Hi my family and friends welcome back do my daily update and to our new friends who recently joined us we receive you with warm heart and you will never regret joining us. Lets get into today's article and see what we have in-store from Binance Smart Chain and Crypto.com.
**Binance Smart Chain**
This is the Binance Network on which smart contracts and applications are running on and they run as BEP-20 for Binance Smart Chain and BEP2 for Binance Chain. Its native token is called BNB and is ranked number 3 on the coin market cap with circulating supply of 166,801,148.00 BNB. Binance Smart Chain is the Biggest rival of Ethereum smart contract. When 10 tokens are listed you will see that 7-8 will be BEP20 and 2-3 with be On Ethereum Network.
When Binance was first launched it was trading at around $0.11 but now its trading at $565.25. For those who got in earlier they are eating. You would wonder why BNB Network is hitting the wave an becoming a big rival for Ethereum. Currently Ethereum is facing challenges with higher transaction fees which makes it unfavorable to work with it whereas Binance is very cheaper. Binance got powerful because its trying to correct the errors on Ethereum so every Mainnet which comes in trying to perfect Ethereum will sky rocket.
**Crypto.com CRO**
This is the native token for the Cronos Mainnet which was launched on 8 November and its promising fireworks. Its Capitalization increased and its now sitting at $ $15,074,481,966.44 and the daily volume is $174,079,464.24 and this figure once increased with more than 300% from 1 November and with its listing on Coinbase which proved to be successful, though currently its down due to market corrections .
The above screenshot its of Crypto.org Explorer and as we can see it has all the detail showing the price and the capitalization all you need to know is there. Since the Mainnet went live on 8 November but the transactions are now more than 7 million and they have 100 validators and also rewards are also shown on the mainnet. This CRO is proving to be a threat as it has lower transaction fees of $0.002 CRO which is almost nothing.
Looking at the current price structure of CRO we can see that it is very bullish and i am sure by the end of this year the price will be trading above $1 per coin and its promising fireworks. CRO is among big exchanges and if it gets listed on many big exchange platforms it will sky rocket as this will increase its capitalization and daily turnovers and by end of 2021 we expect CRO to be in the top 10. This will likely happen soon since its now sitting on number 14 all the way from number 40.
**Crypto.com's Ground Breaking Deals**
Crypto.com is dedicated and we can see this when we look at its marketing, recently it signed the naming rights deal and will have staples center for the next 2 Decades. On December 25 that's when they will takeover of the staples center an it will now be called Crypto.com Arena and then in June 2022 that's when they will change the banners and names from staples center to crypto.com and this deal was signed for $700 million.
Not many days ago they signed another deal with IG Group and bought 2 exchanges for $216 million. So in about 30 days only they had their mainnet running live, signed the staples center deal and the IG deal so this is evident enough that it means business. I think now its the right moment to jump in and buy some CRO because its gonna sky rocket soon.
3 Tokens you should consider Investing in
Hi fellas, welcome back to my Blog. On this article i am going to talk about 3 tokens you should consider investing in.
When it comes to crypto assets investing it has to be an asset worth investing on. It has to be a promising investment which can make you a fortune in a few years to come. As a Crypto Enthusiast who is keen to identify and invest in the future i spend most of my time analyzing and evaluating the tokens i add on my watch list so to day i am going to give you the 3 i have in mind.
If you you did not know, when you are investing you have to diversify and mix different types of tokens in case it flops, imagine if your whole portfolio is full of Meme token. On this list i have an instant exchange based token, DeFi based on Tron then lastly NFT based.
NOW Token
JUST
HiFi Gaming Society
**NOW Token** is a native token of Changenow exchange platform based on Ethereum. It started trading in April 2019 with a price of $0.03 and it has an all time high of $0.4324 but now its back to $0.07044. Its circulating supply is 80,114,980.23 NOW and its capitalization is still low at $5,907,389 but i see this going far. You can buy your NOW Token on their website and you can stake them for a maximum of 2 years if you like. https://changenow.io
**JUST** is a DeFi TRC-20 token based on the Tron blockchain. It was launched in May 2020 with its price trading around $0.006 and now its trading at $0.06747. Its supply is 2.26Billion JST and capitalization is $492,334,189. Its return on investment is 3250.89% which is good.
The reason i consider this a good token, it because it from a different network and blockchain, Tron is venturing into new thing so this will bring awareness and because of its lower fees investor will soon jump into the ship.
**HiFi Gaming Society** This one is a game changer and i am sure you do not want to miss this. This HiFiverse is a gaming token and it just went live a few months ago and today its NFTs went live on pancake. Their maximum supply is 1Billion token and out of that 300,000,000.00 are in circulation an out of that 215,088,917 are locked up which leaves us with 84,911,083 left in pancake swap and ape-swap.
The developers are so dedicated and working day and night to make this a success. The current price is still as low as $0.00899 which is still affordable. On my next article i will go deep on the HIFI and take you all step by step and show you how beautiful this project is. For now you can go on their twitter page and telegram and see their stuff there, i will put up the links down.
https://twitter.com/HiFiDeFi
https://t.me/HiFiGamingSocietyPlatform
Capitalizing and Maximizing on Non Fungible Tokens & DeFI Tokens
Its not a lie when its being said "Early birds catch the fattest worms". Punctuality and Timing matters most when it comes too crypto asset investing. I always remind people of what happened with Bitcoin for those who jumped earlier when it was still worth cents which seemed worthless at that time but now some are billionaires.
Its always wise to keep up with the current trending and those still down with future. I wouldn't wanna lie, a lot including me never thought DeFi swap tokens will make it this far. Just thought they are those scam shit tokens but i later on discovered it a new Era but it was a bit late because some token had gone up already.
**The Future Pay Cheques**
There is no doubt that the next set of Millionaires and Billionaire is in those who will but and hold NFTs and DeFi Swap tokens. Those are the next tokens with future. **Reasons for DeFi be said future pay cheques:**
Decentralization
Voting
People are so much in love with the DeFi because no one would feel safe when he or she knows that his money is in a wallet controlled by someone anonymous and there are higher chances that frauds will happens.Another fact the community will always want to be part of the decision making process of token protocols through voting provided they own governance tokens.
**Reasons for NFTs to be called pay cheques:**
Affordability
Higher Adoption Rate
These NFTs are still affordable and you can afford to buy a lot since their prices are still low and total sales value up to date is just above $63,930,917,845 which is a good start and it has been gradually increasing.
There are higher chances of mass adoption as artist and content creators are now racing it so that they get what they deserve when they create content.
You may also do you own research and find out in-case i miss something but i believe there is money in these tokens because on DeFi only its capitalization is over $160 billion and the number of tokens are increasing daily and as a result it means the swap token behind the DeFi platform will become much more powerful.
Analysis and Comparison of Centralized & Decentralized Exchanges
Centralized Crypto Exchanges has been in existence for so long and the competition has been stiff. Now they are facing a huge competition from their competitors.
**What could be the Highest threats being faced by Centralized Exchange?**
Centralized Exchanges are facing a lot of threats and these are:
Hacking
decision making is centered in a few hands
Centralized Exchange has been a victim of cyber crimes as they have lost a lot of investors funds to hackers. Decentralized Exchanges has taken this as an opportunity to penetrate the markets. Every investor doesn't feel OK when his/her money is in someones hands, so with Decentralized Exchanges they just transact and they store their crypto assets wherever they want to.
Decision is self centered or is in the hands of a few people and most of the exchanges they just do whatever they want, they can just adjust fees and protocols whenever they feel like.
With Decentralized Exchange its different because there is nothing much its just a transacting platform and if it happens that there are changes which need to take place, then they vote. Evey investor who possesses the governance token has a chance to participate.
**The New Challenger**
Decentralized Exchanges is the new challenger and it is taking over bit by bit.They may not completely takeover but they will soon have the largest market share. Investors are in love with the Decentralized Exchanges as they have total control of their own funds. They can store them wherever they want. The only problem with some Decentralized Exchanges is when swapping tokens, you will be charged exorbitant fees.
Decentralized Exchanges seem to have an upper-hand over the Centralized Exchange and we can say it belongs to the community as the decision making is not self centered and also the investors own their Private Keys and Secret Phrase. So to be just short and precise you do not own you money when you keep it on centralized Exchanges unless you move it.
If you store your altcoins on the Centralized Exchange wallets they if you are withdrawing you are given rules and regulations and mostly the minimum withdrawal is huge e.g minimum of $150. This is a huge disadvantage to small scale investors. Recently i bought 4million SHIB tokens from 1 Centralized Exchange and the withdrawal fee was 2million SHIB so you can imagine the type of processes you have to go through.
Unlike Centralized Exchanges on Decentralized Exchanges there is no need for verification processes, no need to upload your documents. So its an advantage to those countries which are restricted or under sanctions they can buy and sell their crypto.
Does Bitcoin Drag Everything Down with it?
This is a serious question and i know a lot has never knew why it happens like this. When ever Bitcoin is Bullish almost every altcoin will be Bullish and when Bitcoin set an all time high so as the rest, though there are others which are repellent to Bitcoin they just go on the opposite direction.
**What Could be the reason for this?**
Let me give you a real example and if you have some basic knowledge on Forex trading this will be easy to get.
If the US Dollar index is showing that the US is weaker then the US will be weak against all major currencies e.g EUR/USD or GBPUSD. Then there are cases when you will findout that the US Dollar index is weak and you expect the Euro and Pound to be bullish but maybe you will see only the Euro bullish and the Pound bearish or maybe bullish to some extent. So this means that the trend of these 2 are not fully determined by US Dollar index. If there is some news in the EUR Zone this will affect currencies like EUR, GBP, CHF and these will all fall against the USD and other major currencies. So it just happens coincidentally if the USD index moves the other way and the other major currencies the other.
In our case Crypto currencies are the base currencies and stable coins are the quote currencies e.g BTC/USDT or ETH/USDC. Investors always look for an asset which is profitable, so if they see the Bitcoin to be bullish they might sell off some other assets and invest heavily on Bitcoin, so it also happens coincidentally that When Bitcoin is bullish some assets will see and when it falls the rest might as-well fall and investors convert to stable currencies.
**Volatile Altcoins & Stable Coins**
Bitcoin is an ancient altcoin and is a volatile altcoin, so whenever it goes up it has to correct after sometime. The only difference on *VOLATILE ALT-COINS/STABLE COINS* and currency pairs like EUR/USD is when EURO is going up it means investors are selling Dollar so that they can Buy Euros. On the issue of Volatile Assets/Stable Coins the Volatile Assets gain or lose value but Stable Coins they don't change. They are just a store of value only. So investors will be selling volatile coins which means they will be taking their profits and buying Stable Coins to safe keep their portfolio value.
So its now like Bitcoin in the one which drags everything down but its the volatile altcoins which will be moving and the Bitcoin just happens to be the major player with much dominance.
If we would say Bitcoin drags everything down with it then it means crypto currencies are not decentralized, so Bitcoin moves when volatile altcoins are moving not the other way.
How People Lose Money In Crypto Pumping & Dumping
Hi my fellows friends, family & subscribers um back again with another episode on pumping and dumping of crypto currencies. Without wasting much of your time lets get into detail and see how investors lose money during the pumping and dumping process.
**How is it Done?**
What happens is the scammers behind the Pump and Dump they decide on which exchange platform they will be pumping e.g Kucoin, Crypto.com, Uniswap, Pancake-swap etc and they create a group and then they add their victims in that group.
They will then tell their victims on the day they will pump and that moment they will tell the victims the base currency they will use e.g if its on **UNISWAP** they will tell you to have Ethereum in your wallet ready and if its on Pancake swap they will tell you to have BNB and if its an Centralized Exchange like Kucoin, Crypto.com or Binance they will tell you to have USDT in your trading wallets. So what they will do is they will find a token with low supply as this is easy to manipulate.
They will start giving you a countdown reminder reminding you on the day it will happen so you will have to be ready on the day. Lets say the day is Saturday 21 2021 at 17.00pm then at exactly 17.00hrs they will give you the quote currency e.g Shiba Inu so if its happening on Centralize Exchange the pair will be *Shiba/USDT* so when they post you will have to be quick to open the currency pair and place you trade as fast as you can then once the price is up people close their buys.
**The Pump Results**
When the game is over there is always 2 things involved its either you win or you lose. 99% of the Investors lose their money and i am sure you are all wondering how do they lose their money. So lets look at the last segment and see how they are tricked and trapped which will lead to their downfall.
**How they are Tricked and Trapped**
You know as human being when we are after something there are always keen and will be all happy to jump in and they forget to pay attention so some details which will costs them their fortune.
If you have noticed from the beginning of my article i have mentioned that they will give you the base currency only then on the day of pumping they will just surprise our on the Nicodemus hours and they will tell you the quote currency and tell you to trade but when you enter you will notice that you will be late and your trade will never get into profit and you will ask why.
What you do not know is that these they would be holding their buying positions and they will then tell you the coin to buy but what we do not know is they will be just tricking us to provide liquidity for them to sell their positions that is why when you buy you will notice that the price will fall drastically. There is no easy money in pumping and dumping its all just misery in there. What i have discovered is that mostly they pump and dump newly listed tokens and some of them you can buy but you will not be able to sell them.
I am talking from experience i have been tricked too and i lost money so its not something that i am just writing about. I am not saying do not participate you can do your own research and find out you might be on the winning side.
How to Professionally deal with Crypto Markets
In Crypto Market there is a syndrome called Fear Of Mission Out (FOMO) whereby traders and investors react to the markets whenever they seem to be sky rocketing. There might be some fundamentals and the Markets spike to the bullish side and they rush to buy assuming that the market is now on road to the moon only to find out that they will be trapped in losses due to the pump by the market makers and the rest of the big whales then they dump to them .
**How to overcome FOMO**
You should have your own reason to buy so that you are not trapped and make sure that the fundamentals are inline with the technical so that you avoid buying at higher prices and sell at losses. When you see those large green candles do not just jump without assessing the market structure. Instead wait for the market to retrace then you buy at good prices and sell at premium prices.
**How to make your Portfolio Survive**
Assuming that you bought your crypto assets at the right moment and you are in profits, you should always remember there is need for you to know when to take profit and when to hold depending with the crypto assets you have. At times you might be holding an asset which is not a utility token and there are higher chances that if that asset reaches a certain level it will not surpass that level again because it lacks proper uses and we can refer so of those crypto assets as sh*t tokens. Make sure you know when to dispose them.
**How to deal with Bearish Markets**
This is the most important thing in the Crypto Markets , we see a lot of traders struggling when the Markets are bearish. They find it difficult to interpret if the Market is reversing or is just a retracement. If it is a reversal then you might hold depending with your goal or you may take your profits. If its a retracement its either you hold on to your positions and add more positions so that you maximize. We all know that the market moves up and down so you must be able to eat on every loop hole you find with caution though.
Avoid being on the losing side as a result of panic selling because you will always regret. The world is embracing the crypto markets and very soon crypto currencies will be the considered the greatest of all time so handle them cautiously and rip later.
Another thing you can do is to stake in these bearish moments because you will get more quantities and when the price skyrockets those quantities will become a huge fortune
**Conclusion**
Always remember that the jungles feeds on the weak, the sick and the dead, so as the Crypto Market it is not for the weak and the faint hearted. Do proper analysis and do not be fooled with the news and other traders sentiments, always remember there is money in HODLing unless you are a short term trader.
What is Slippage in Crypto and How to Avoid higher Slippage
It is the difference between the final executed price and the original order price.
**How does it Happen?**
This happens mostly when the Market is volatile in the time when financial news is being released or financial and economic data is being announced. The below images makes it easy to under stand what it really means, and for those who trade during data release you can confirm that you can set you pending order and your order is not execute at the price you want but its released on another price and that slippage.
In Decentralized Exchanges like Pancakeswap, Uniswap etc, if you try to purchase coins lets say with slippage 0.5% your order might not go through and you wonder why it happens. So normally the token developers will advise on their website the slippage for sell orders and slippage for buy orders.
Higher slippage is not even good at all as it can make you lose money and buying on unfavorable prices. I believe mos traders lose money through this and they do not know what it is and how to avoid it especially to newbies as-long their transaction is processed they are good to go.
**How to avoid higher slippage**
As said before higher slippage is not good as it will make you lose money so you have to avoid higher slippage and here are the ways to avoid it. When you are buying on a Centralized Exchange make sure that you buy and limit with sell orders that is the only way you can override this. If you use the market orders you have to know that you will be buying and selling at whatever the market offers you and mostly the Market has an edge.
The above image is of a transaction which failed to go through on pancake swap due to low slippage. Normally on other tokens anything less than 15% will not work unless you perform the trick and i am gonna show you on the next image.
If you are buying on Decentralized Exchanges like Pancake or Uniswap you have to play with the last figures. Lets say you want to buy 614841 Hungry Doge tokens and the slippage for your order to go through is 12% and you want to override that. you just have to use slippage 1% and then on the number of tokens just change the last digit from 1 to 0 and you are good to go.
The picture below shows a transaction being successful with slippage of 1%. After it was rejected with slippage 10% i then showed you it can work with a lesser and make sure i am on the winning side.
How People Lose Crypto Assets from their wallets and how to avoid it?
Loosing crypto assets is web3 and DeFi wallets has become a norm these days as investors are always being victimized. At first scammers targeted their victims through Ponzi Schemes and ICOs. There was an Era when there was an outcry when people lost money through onecoin.eu , swisscoin.eu and so many other multi-level marketing.
Those scams still exist but its now to a lower extent as we now have rug pulls where scammers launch a token and list it on exchanges e.g pancake-swap and they present their whitepaper promising heaven on earth and investors buy that token. Then the price is pumped and investors buy more and when they try to take their profit they will find that the token is not saleable then its game over for them.
There is a new trick being used and investors are falling victims to this kind of scammers. I will upload a screenshot of a chat i had with another scammer on telegram and i will explain how he intended to scam me.
So what happened is i bought a token called Pyroworld and i joined their telegram group. So i posted in the group that i am failing to stake my tokens and the admin responded nicely and finally my stake was processed. Then this scammer came into my inbox pretending to be a good Samaritan an he asked if i had received my rewards and that very moment i knew it was a scammer and i just played dump and pretended as if i was new to this.
So he sent me a link and then he told me to connect my wallet and put my seed phrase and claim my rewards and from that moment i insulted him and he blocked me instantly.
**What was the trick?**
*The trick was if you click that link it will ask you to put your secret word and sync your wallet details. Remember those 12 or 24 words are the keys to your wallet so once u put them on that site he will gain access to your wallet and they wipe your account.*
The only way to survive the jaws of these scammers is to always avoid revealing your private keys and secret words to anyone or entering them on any site. Another issue, if you check your address on the Bscscan you will discover that you have other tokens in your wallet which you never bought so make sure you avoid tempering with those, do not add them to your wallet or sending them because they might pose a risk. Just make sure you touch only whats yours an the rest leave it before you regret
Will Metaverse & Blockchain Games overtake MeMe & become the future of Crypto world?
All this while MeMe tokens where there but not so many like these days. I remember back in the days we only knew about Doge coin we never took it that serious since it was a token claimed to be created as a fun token and with a huge supply. So for those trades and investors who are prize action trades care most about the volume as this will impact the price. So Doge had too much supply and none ever thought that it will someday reach $0.70.
It took Doge so many years to get there and is now trading in the top 10. Soon after Doge made History there where now a lot of MeMe tokens claiming to be the second Doge.
All those where impacted by Doge and started creating and currently we have Shiba Inu which has made so much headlines and is being regarded as the second biggest MeMe token. It is believed that the owner of Tesla Co who is also a Billionaire Elon Musk put MeMes on the map and he is the driving force in these as most of the MeMes now claim to be an idea of Elon Musk
**New Kid on the Block**
With all these noise in the Meme market we where hit with another banger but from a different category, the Metaverse also known as the play an earn type of a token. With this token gamers are to buy these, stake them and play.
Its more like they are mining. We have Axie infinity, Decentraland and Sandbox these are the top 3 leading the market. It is believed that these are the future token which will make history as we have people who are into gaming a lot so its easier to convince those to buy Metaverse tokens an earn while they play than to just convince someone who doesn't have any idea of crypto currencies.
Facebook recently rebranded is parent company to Meta and they invested billions in the Meta because they have faith in the Metaverse. As a result of that we saw Decentraland soaring and setting a new all time high of $4.69 just 5 days ago and Sandbox just 21 hours ago it set $3.45 as its new all time high. Elon Musk is the catalyst behind Memes and now Mark Zuckerberg is going to be the catalyst of the Metaverse tokens.
Now that Metaverse is penetrating the Market the Memes know their chances of becoming dominates are slim as they have a new and tough competitor on the ground so now they are now in-cooperating into Metaverse aswel. They are more like Meme Tokens in the Metaverse business and i am sure that will make them secure their position. If we look at the total capitalization of Meme tokens is on the below picture.
****Meme Tokens Capitalization****
The above picture is of Meme capitalization which i took on 4 November 2021, i want us to compare it to the 1 i took on 28 Nov so we see how that category performed..
The above is the new picture showing the performance of Meme tokens, we can see that the capitalization dropped with $ Billion and the daily trading volume dropped from $8.4 Billion to $2.9 Billion. Its a huge fall, Lets now see how the Metaverse has performed that period.
****Metaverse and Blockchain Games Capitalization****
The above image is of Metaverse and Blockchain games and by that time the market capitalization of Meta and Blockchain Games was far much less than that of Meme but the daily volumes were high leading with $3 Billion. Lets take a look at the new numbers and see how it has performed.
From the above image we see that the capitalization of Metaverse and Blockchain games has doubled and the daily trading volumes has increases with close to $2 Billion which is a sign that Metaverse and Blockchain games is slowly taking over. We can imagine what will happen in the next 5 to 10 years, Metaverse will completely takeover.
If you are to invest i think its wiser to invest in Metaverse tokens but if you are a fan of Meme tokens then you should invest in Meme token which are into Metaverse because that i were we are going now.
Why Traders make losses when Trading Crypto currencies and Financial Markets
Without wasting much of your time i will be short and precise: How you approach the market determines for how long you will survive in this trading business. Lot of traders will remain newbies and amateurs for years because they are going round and round on the same place.
**How to Approach the Markets?**
If you approach these markets in a wrong way you will get burnt, remember these markets are volatile and they always go up and down. Just like a gambler who knows when to play and when to run, if you buy certain crypto assets you should know when to take profit.
So traders purchase crypto assets and hold them for so long to the extent that they will lose the profits they were holding and close in loss. For example there are some who bought Bitcoin at $60k and it reached $67k and they kept on holding but now its trading at around $54k something now they are holding their losses. So depending on which type of a trader and how you intend to deal with your portfolio you just have to make sure you make wise choices.
If you are buying Stock, Shares an Crypto with the intention of holding for so long as maybe 5 to 10 years then you do not have to worry because you know market always swings up and down it will always come back around.
**Lack of Patience**
I always like using examples of things which surrounds us e.g if you follow how lions hunt you will learn something and apply it to you trading skills. If have noticed lions are very patient when they are hunt. When they have eyes on a certain prey even if there are mo than 50 preys which comes near them they will never be distracted and change plans, they will always stick to plan and that is how traders should do.
Only trade when necessary and when all conditions are met and you are sure that the odds are in you favor. Do not chase the price, instead let the price come to you. If you see that the price is going up massively do not just jump in but wait for it to give you an opportunity to jump in to make sure you do not make losses.
**F**ear **O**f **M**issing **O**ut is the main reason why we end up buying assets at higher prices and the price then fall hard and we end up holding losses. You just have to make sure you approach the markets with caution to avoid being in positions you will regret.
How do Rebase Tokens & Stable Tokens Differ?
We are going to look into these 2 Tokens to see how they a different from each other. They are different but they operate in a similar way, so lets get into detail and see how they differ.
**Rebase Tokens**
Rebase Tokens are also known as elastic tokens, i am sure we have heard about elasticity of demand and how it works. Well for the benefit of those who do not know how it works, the price is determined by how elastic is the demand. If the demand is too low with too much supply then the price will fall and also if the demand is high with less supply then the price will rise.
On the issue of rebase tokens they try to maintain the price of an asset at a constant price so as to store its value, e.g AMPLEFORTH maintains that its target price is $1.04.
If you check the all-time high of AMPL its $4 but now its trading below $1, the reason being that when the price surpass $1 they flood the market with more AMPL so as to dilute the demand therefore the price will fall because demand will be well met by the supply. So when the price is above normal target price they will apply negative rebase and the supply will increase and the price will fall.
**Stable Coins**
Stable coins are now more popular than ever because people tend to buy them when the market is bleeding so as to safe-keep the value of their portfolios. Unlike Rebase tokens, the prices of Stable coins are always pegged to a constant value which is $1. Stable coins have some backing so as to maintain the volatility.
Stable coins are not those type of crypto you buy expecting to make profit, remember they are just a store of value. So only sell your volatile alt-coins and buy stable coins when the markets are bleeding not when the markets are bullish.
These too works almost the same though with some differences, Stable coins are really stable and can be relied upon because you will have the number of your tokens and they do not decrease whereas in the rebase tokens when the price is going up they apply negative rebase and the wallet balance will reduce automatically.
Lets you bought 100 AMPL and there is negative rebase, your balance will be decreasing daily and you will be shocked seeing you balance now maybe 60AMPL. So that's how they differ from each other, they are not profitable tokens.
How to determine if a Token has a bright future
Spotting highly lucrative tokens with a possibility of booming is not that easy as some suffer due to lack of adoption and poor management from the creators. However there are some factors which determine the future of a certain token, e.g we have DEX Tokens, those have higher chances of making it in the markets.
**What Other factors determine?**
There are factors which affect and these include:
the technical of tokens
supply and demand
the number of markets
Projects in support
**Technical and Fundamentals** A lot of traders take this into consideration because they know this plays a pivotal role. Mostly traders only put their focus on the technical side checking how the price is moving. If you are a trader you must be able to interpret the candlesticks patterns and chart pattern for you to tell how the price will move be it bullish or bearish. However there are some who say fundamentals only act as a catalyst to allow breakouts to take place.
**Supply and demand** plays a significant role aswel because if the demand is so much and supply is too much then the token will not survive because there is no any factor to push the price up but if we have too much demand and the supply is low then the price will hit the roof and that token will pay the bills.
**Numbers of markets** on which the token is listed is another important factor and this shows that the token is not a useless token if it is listed on many exchanges as this gives hope to investors. Imagine you see token listed on crypto.com, Binance or coinbase this will give you that energy because if it listed on large and many exchanges then this will push the volumes of capitalization, therefore the price will go up.
**Projects behind** or in support of a certain token will help in determining, e.g tokens like CRO from crypto.com and BNB from Binance even UNI from Uniswap, you can tell that they have a bright future do to the projects in support.
**Conclusion**
So these are some of the factors which play a role in determining the future, i know there are so many which include the backup from the company behind the token and so many other. You can share what you have in the comment section for the benefit of others.
Liquidity Pools in Crypto Explained
Liquidity Pool is when money is deposited and locked up in Pools for the sake of earning reward and these rewards come from trading fees that happen in that pool.
**How Does Liquidity Pools Work**
When investors have their crypto assets in the liquidity pools they choose the assets they want depending with the Annual Percentage Yield being offered. There are a lot of liquidity providers you can chose from e.g Harvest Finance, Yearn.Finance e.t.c, you can see the number of assets and assets value locked up as this will help you in decision making when choosing.
**What are Risks of Liquidity Pools**
Everyone wants money but you should always consider the risks involved before you jump into the ship and do proper risks analysis so that you avoid disappointments. Liquidity Pools have risks of:
impermanent loss
Hacking
Rug pull
**Impermanent Loss** Lets say you chose your crypto asset that you want to invest in and then you deposit into the liquidity pool. Then it happens that the price of that asset changes drastically either up or down its called impermanent loss and then if you chose to withdraw your assets from the liquidity pool then that loss will become permanent.
**Hacking** Liquidity Pools are prone to hacking attacks and investors might lose their funds if the pool is infiltrated by hackers, e.g Harvest Finance was hacked in October 2020 and the hackers stole assets worth $24 million and this is a big risk with liquidity pools as you will lose you assets .
**Rug Pull** There are also chances that the admins behind the liquidity pool might varnish with investors money. After they see that they have enough to squander they will shut down the website like what happened with Defi100. So you should lock up what you are capable of losing and not to put all you eggs in one basket.
Liquidity pools are lucrative but proper analysis has to be done so that you won't lose money and also make sure you chose assets with no impermanent loss so that you avoid losses.
Is it Good or Bad to buy tokens during ICO?
I am going to do a short analysis on whether you should buy tokens during ICOs or wait until they are listed on the coin market capitalization and being traded on CEX & DEX.
**The Positive Side**
Like its always said the early birds catch the fattest worms. If you buy during ICO at a lower price and then if the token is listed and it gets a good response an the price go to the mood then you will make yourself a fortune and that is how some became millionaires.
**The Negative Side**
Then there is always a negative side when it comes to this. There are high risks involved in buying tokens in their ICO stages as you might buy worthless token.When they are selling to you they will give you price projections saying coin X will reach $10 in this years to come, but do not be fooled the price of an altcoin or token is determined by the rte of adoption, demand and supply.
There are also higher chances that you might buy an over valued token because the price is being determined by the developers yet they can not control rate of adoption so thats another factor to look at.
It now depends on how you manage your risks as it is good to be among the early adopters and considering that there are higher risks involved so you have to manage your risk properly, i hope a lot of you knows what happened to Onecoin and Swisscoin. They promised investors that these coins will be bigger than Bitcoin and investors bought their idea not knowing the guys behind were just wolf in sheep skin and they varnished with investors money and the token is nowhere to be found.
The Good & Dark Side of Crypto Pumping & Dumping
On my last article i talked on What is Pump & Dump and how they are done, and on this article i am going to take a look on the good an bad side of the pumping and dumping in relation to the people behind the project in question and the traders behind the pump and dump process. First lets take a look on the: https://www.publish0x.com/defiant-pathfinder/what-are-pumps-and-dumps-in-crypto-and-how-are-they-done-xjoxvrj
**Traders Side**
On the trader's side its obvious that they are into this in order to make money so they are excited about the process. During the pump and dump process you will see someone turning $500 to $5000 in less than 3 minutes. This process is only done on Centralized exchanges e.g Binance Exchange, Kucoin, Crypto.com and so many CEX exchange.
The trader prepare for a coin to buy an on that day they buy in but mostly what happens is the guys who are leading the pack scan for coins that has low supply and lower prices then they buy more of it so on the day they just send a signal and the other traders jump in creating volumes an the major holders will offload in seconds and the majority will be left holding losses if they take long to close.
So if you want to participate in that process make sure you are fast enough to buy and close. Recently there was a massive pump on dump on a token called Baby Floki Billionaire as it just surged from $0.00000009 to $8 per token and traders were not able to cash out their huge gains and it was umped now they are drowning in losses.
Taking a good look at the above picture, those last 3 candles can tell you that this game is not for the faint hearted. You must be fast enough to act otherwise the Market will prey on you. You will buy what they don't need anymore and you will be forever stuck in the past. Another good example is on Squid Games, this one was a headline maker and its still making headline because it just left everyone in shock.
**Project Team**
The guys who had spend so much time putting a project in place will just watch their project going in the drain. Normally when the project is dumped investors will lose confidence in it an they will never have faith in it again and it will suffer the consequences. So those newly listed project you should not just jump because some might be scams or either they will just be pumped and dumped,
Impermanent Loss & Liquidity Pools Explained and How to cope with it
DeFi and Yield Farming are getting popular each and every day as investor are depositing their tokens into liquidity pools so that they can get as many tokens as they can. There is what called impermanent loss and most investors do not pay attention to this as maybe they might not be sure what it is or maybe they doesn't know it exists.
**How Risky is it?**
Well there are high risks involved in providing liquidity pools as you can make losses instead of profits and you will realize it was better to hold your tokens in your wallet than depositing them in liquidity pools.
Lets say you deposited DAI/ETH in Harvest finance and 1 ETH is valued at $1000 the ETH appreciates in value and now valued at $1.100 and that difference is called impermanent loss. If you decide to withdraw your funds then that impermanent loss will become a permanent loss.
**How to avoid impermanent loss?**
The only way to avoid this is by providing liquidity inform of stable coins which do not fluctuate and they always remain stable. There are also other yield farm which have no impermanent loss e.g Venus.
Many would invest in liquidity pools expecting to make a fortune but it later turns out to be costly because if the price goes up or own and you withdraw your money that loss would become permanent.
**Conclusion**
Proper assessment has to be done and make sure the DeFi you are getting into has no impermanent loss or less so that you will not regret ever depositing you tokens in the liquidity pools. The idea is to make money not to lose money.
Over Valued Crypto Assets vs Low Priced
Without wasting much of your time, let me get in detail so that i make this article short and precise. Lets first see what is valuation a then we check the difference and see why its done.
**Whats Crypto Asset valuation?**
Valuation is the setting up of value on an asset so as to reveal its true public value. It is Overvalued when it is being sold at a higher price and undervalued when it is sold at a much lower price less than the asset value. There are higher chances that a crypto asset can be overvalued, lets se why.
**Why Crypto assets are overvalued?**
Normally this is done when the company behind the project i trying to raise some funds.When the Initial Coin Offering is being launched the Assets will have a higher prices so that they can raise as much money as they can.
**What are the Risks of Overvaluation**
The price of a crypto asset is driven by supply and demand. If the demand is high then supply is low, automatically price will go up and you can benefit. If a token asset is launched and and is being over valued, when it hits the market the price will fall drastically. That is the disadvantage of buying tokens in the early stage and those tokens being sold for higher price, e.g check HEIDI you can see whats happened and it feel hard.
The Market is the one which will determine the price and do not rely on those price projections from the admins behind the project. Lets supply and demand set the price then you decide.
When buying token you have to chose token which have a low reasonable price so that you maximize on it and you do not take the risk of buying tokens which do not have an future. Instead buy coins which has low value, e.g when Binance was launched it was worth $0.11 but look where it is now. That is the power of buying cheap tokens and change them later.
Rug Pulling in Decentralized Finance
In this technological era we live in if you want to succeed in the business and investment field, you have to find the problem and then you create and offer solution. That s the ethnics of business. So in the current world we in the problem is everything is centralized and people do not enjoyed freedom of their money.
The solution has been brought on the table and crypto currencies are the game changers. Now we have DeFi and their main aim is to eliminate the middleman which is the banks.
**Scavengers on the Lookout**
Whenever an opportunity arises some people grab it will both hands and some even try to see how they can capitalize on that. With the crypto market going to the moon everyone is now talking about it and newbies are now keen what DeFi is all about. At this moment those scammers that is when they maximize their chances and they prey on those newbies scamming them their hard earned money.
**How do they Scam investors?**
Creating and Selling worthless Tokens which will be stuck forever with no value
Creating Scam Tokens which acts as normal tokens and those are used in hacking wallets
Rug Pulling and the developers will just run away with the investors money
Scammer mostly used Ponzi schemes to scam investors their hard earned money but now they have realized that DeFi is making waves there are higher chances that they will try and create so many DeFi Token and sell them to investors. Imagine they create 500 million tokens and claim that this project is a deflationary which means the supply will be less in future and therefore the price will sky rocket and they sell them for $0.01 per coin which means they will pocket 5million and those worthless coins are those type which will suffer still birth. They will just be listed and sold then its over.
Some are clever enough to create scam tokens which doesn't even have blockchain at all, they are not even worthy to be classified as crypto. People are just fooled by the whitepaper stating the roadmap promising to be the best crypto among best top 10 but that wont happen. I remember i lost my money 3,500euros in *swisscoin.eu* scam and people lost to *onecoin.eu* aswel.
So be alert scams are on the rise and there are higher chances that they will be targeting the DeFi, don't be fooled do your proper research first before you invest in DeFi so that you pick the correct one. Even when farming make sure you make the right choice and decision don't just do because you are lured by hire return percentage. I hope this ill be helpful to you guys.
Recently investor lost money in the squid token, the price went high but they were not able to sell and the token fell like crazy.
Will crypto currency replace Gold and become the safe Haven?
For centuries now people has been using Gold as their safe haven. When a crisis hit hard and stocks starts falling down resulting in investors pulling of their monies and investments they would buy Gold as their safe haven so as to maintain the value of their money. We are now living in a new Technological Era and investors are now grabbing the new technology and investing in crypto currencies.
Investors love crypto currencies much as compared to fiat currencies because there is freedom when it comes on to how you spend your money. You wouldn't want to invest in something when the authorities are always on your back if they suspect fraudulent activities or even if they see that you are transacting large amounts.
**Crypto currencies is Gold in what sense?**
It is a valuable digital assets which has a limited supply and for that reason the demand will always be high and this will result in the prices going higher daily. If you just spend some few dollars and buy some crypto currencies which are still affordable, you will be rich in a few years because the market capitalization of crypto is booming now it is $2,841,326,136,730 which shows a good growth compared to previous years. https://coinmarketcap.com/charts/
**How to maintain the value of your portfolio in volatile periods?**
People would say Crypto is not overtaking gold because the price can be volatile and one can lose money but well those people are not well equipped with proper knowledge.
When it comes to the crypto assets, there are stable coins which are not volatile they always maintain their value, so lets say you Bought your BTC, ETH, SYN or UNI and the price starts falling down, do not worry you just switch to stable coins e.g DAI, USDC, USDT and your portfolio balance will be safe. When Bitcoin and other Altcoins are showing bullish signs then you sell your stable coins an buy these volatile altcoin.
In a few years to come crypto currencies will be fully dominating the financial sectors because they are now on their peak and everyone is talking about them. Currently gold has a market capitalization of USD $11 trillion and Crypto market is penetrating the market and recently it crossed $3 trillion so with time it will be leading because there is freedom in crypto currencies which differs from gold where the Government is in full control and they determine whats to happen with it.
@drmudpro
