Market Turned to RED Again I think we will not be able to relax until #BTC tests 23K while the other cryptocurrencies also drop %30-%40 from their current level. I do not want to be in the bearish side but these short term pumps do not bring us long-lasting green days. I'm going to start #Dollar Cost Averaging some of my favorite coins but the percentage of my purchases will not exceed %20 until we test important support line for BTC, #ETH and top coins of #crypto ecosystem.
Hive Moving Average 20 Stands Strong Yesterday I created a post about the support level that is made by Moving Average (20 days) on #Hive Daily chart. Even though the market crashed above 5%, it seems like the support level is working as expected. Although 4h chart's support is broken, the daily chart, still, shares a positive signal. IF Bitcoin does not go down to 23K in the near future, then I expect HIVE to stay above 50 cents ✌🏼
Initial #Token Allocations of Top #Coins Interesting data from #Messari over initial token allocations for public blockchains. As you can see on the allocations, there are some projects that distributed more than 50% of their supply to the developers and team even before they were launched. The one that made me laugh is the allocation of #BNB 🤣 They really got half of the allocation. #Solana 's public sale allocation is the most hilarious one of all time 🤓
Is #BNB in Trouble with SEC ? SEC, Security Exchange Commission, is watching #crypto ecosystem closely. According to the latest new in crypto Twitter, SEC investigates BNB if it is a security token or not. I think the case is pointless while SEC is still working on XRP case for a long time. Would this effect the market? I do not think so. The only thing that I expect is a slight decrease in the price of #Binance Coin but that's all. BNB is a real security token for Binance…
#PolyCUB Chart is Strong Do you have an investment in the PolyCUB platform? I've been using it since the first minute of launch and it has been an amazing adventure in #crypto De-Fi. Thanks to PolyCUB, I'm getting decent APR for my stable coin investment (#HBD & #USDC) as the major source. The price of the token is 20 cents as of writing. Due to the deflationary nature of the token, I believe there will be a rush into that valuable asset.
Security in Crypto World I only have one sticker on my laptop and it says "security first". However, I realized that I'm holding an important portion of my porfolio on #Binance and some CEXs. That may not be a solid idea as CEXs have their own risks like #DEX alternatives we have. Whatsoever the reason, it is safer to have a hardware wallet that can be physically and digitally secured by you! In #crypto ecosystem, anyone can steal your money with a little trick.
A New Trading Platform is Coming Fidelity, Citadel, and some more popular financial giants are building a crypto trading exchange that will target the other giants to provide services. As retail investors, we will also have the opportunity to use the exchange but what I understand from the speech of the founders is their first target will not be ordinary people. I believe it will be good for the #crypto ecosystem as these people will be bringing institutional investors…
USDD is likely to be the next #UST No need to FUD but obviously, there is a huge problem with USDD (#Tron backed #stablecoin). I, personally, do not believe in the vision of Justin S. and I never invest in any project that he built/copied in the #crypto ecosystem. Better to take precautions against another #FUD wave due to #USDD by #tron and the possible failure of it. If it happens, we may see another red day for the crypto ecosystem. We'll see guys ✌🏼
Celsius, stETH, and Alameda Research! The crypto market is shaking like crazy. On one side, the threats on #USDD that is not sustainable and vulnerable to attacks, and, on the other hand, Celsius stopped transfers deliberately. Though it is good to have a clear vision before taking an action, I really have difficulty setting my short-term investment plans in #crypto . What I know is that the FUD is temporary and these price levels are juicy for me to make some purchases.
MA50 Support for Bitcoin Weekly Chart As you can see below, the blue line represents 50 weeks of moving average for the #Bitcoin chart. It shows that above 21300 can be a support for Bitcoin if the whole #crypto market does not go down due to some global reasons. Even though I would not be surprised If I see below 17K, I'm taking risks by adding some #BTC to my crypto portfolio. Yet, it will be at most 20% of my budget ^^
#Bitcoin MA Support Levels Do not Work I'm disappointed with the ongoing sell-off in crypto market. Though 20K is though to be one of the support levels that will be strong, it is not... #crypto market is still suffering and it is getting harder to spot the right time to make purchases. Below these levels, there is no other Moving Average that we can rely on in Monthly and Weekly charts of #BTC . Good luck for us 😅
#BTC Chart Looks Pretty Bearish We are witnessing the history! Some people have no concern about selling #Bitcoin at 17K 😅 I cannot believe it is happening. I'm getting greedy but also fearful at the same time. #crypto is not good for health for sure 🤣 Jokes aside, I'll open a position soon.
Daily Rewards & Packs in Splinterlands Today I only got 6 daily chests by doing my daily challenge. As a result of the quest, I received 6 reward chests. One of the chests had a Chaos Legion pack and the daily reward reached $4+ with #NFT assets and #crypto combined. When I opened the chest, it had 1 Legendary + 1 Summoner NFTs that made my day 😎 I really enjoy opening chests on #Splinterlands , they are both exciting and profitable ✌🏼
More Stablecoin Options! Tether is set to launch another pegged stablecoin that will be equal to 1 Pound. Although launching a pegged stablecoin is not a huge concern, the use case is the major point that people should consider. For example, will #Binance have pound pool as there is in #USDT ? IF the exchanges create new pairs for pound, will they have any liquidity for holders to buy and sell at the lowest difference between the #crypto buy and sell orders?
How do you feel about #Solana Mobile? First of all, it is a great step taken as a part of #crypto ecosystem. Contrary to those who support the idea that crypto is not different from gambling, such products prove that crypto is here to change the world. On the other hand, Solana has been losing its credibility with frequent problems in the blockchain time and the take-over proposal on the Solalend platform. If Solana has such an issue, the news will stay under the shadow of…
20,000 Coins on Coinmarketcap! In 2017, it was quite easy to know the cryptocurrencies that are listed on Bittrex, Poloneix and some other popular #crypto exchanges. In 2022, things are getting wild and we are supposed to know about hundreds of coins to catch 10x 20x in the bull run. I will think a bit old-school and focus on veteran coins rather than 2021 - 2022 made coins. IDK, maybe it is because they have been making me happy with their growth and performance 😅
Transaction Fees of #Ethereum and #Bitcoin Ethereum is seriously having issues with the increasing transaction fees in the bull run. Nowadays the transaction fees on Ethereum L1 look affordable compared to the other months and now it is around $10-15M fees paid in these months. Unfortunately, many blockchains cannot handle the transaction fees, tx speed, and security concerns fundamentally. Not sure if we are ready to build "metaverses" in #crypto ecosystem while we still…
GameFi has long way to go! Take a look at the chart that shows the revenue by #AxieInfinity . I love the game and all benefits that it brought to our #crypto ecosystem but, sad to admit, we need to make all our blockchain based games more sustainable, fun and worthy of our time and effort. Every single day I play several blockchain based games such as #Splinterlands, Rising Star, Alien Worlds, Waves Ducks... but I have to admit that these games need more time and development…
Crypto Companies are Shrinking! It has attracted my attention in recent days that many #crypto service providers "reduce the workforce" in the bear market claiming that they are having problems sustaining their operations! Imagine an employee of these service providers: 1- They become unemployed 2- They already lost their crypto portfolio due to the bear market. I think it is too risky for now to be an employee of crypto service providers if there is no insurance etc. 😶
Messari.io to Explore Crypto! I'm sorry but I want to shill Messari like crazy as it even enables you to check the investors of a project! In time, I learned about the Venture Capitals and the effects of their presence in newborn projects. I regret not using Messari to learn a lot more about #crypto projects before! I'l bookmark this amazing website to remember to use it frequently 😎
If they convince you that crypto is hazardous and Ponzi, they hunt your money! The stock exchange is melting. Not kidding, it is more regrettable than we had envisioned. Didn't #crypto was a BIG NO while different investments were fine to #invest. I see that 2022 is the year that individuals can't stand to purchase houses, vehicles, or valuable metals yet they get an opportunity to put resources into digital assets as early financial investors. I'm up for crypto, the #stock…
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