Some Bullish Vibes for Crypto Market I'm not truely concerned about the current situation of #crypto market as it is quite natural to tank while the whole world is dealing with War, Inflation, Oil Crisis, Pandemic etc. However, sometimes I feel hopeless for crypto ecosystem's well-being. When I come across such #bullish scenarios that targets 100k - 200k for #BTC, ( you guess the price of #ETH , # BCH , #BNB etc.) I feel much better and more motivated. Long run is green for…
Voyager, 3AC, BlockFi ... The List Gets Longer Ce-Fi is dying. Not sure if we have a couple of strong CeFi projects that we can rely on. I did not expect the ecosystem to suffer from all these issues for such a long while. It is obvious that we will never trust these #crypto service providers as before. It has always been fundamentally problematic to have centralized solutions in a decentralized world. However, it takes some time to get rid of old habits. Now that we all…
How is your #crypto bag? Sometimes I feel like we are in a deep depression for the crypto market. We lost the investors' faith in terms of the growth and new products in short term. It may even take 1-2 years to gain them again ( and #money ) On the other hand, the problems in the world may trigger the bull run as before. Whatever happens, the picture represent the current situation of many crypto investors for sure 😅
93% Loss of Value in 5 mins? Welcome to #Gari Hard to feel "secure" these days. Actually, the crypto world has never been safe heaven but it has never been that health-threatening for sure. Gari #token has tanked to cents and the reason is still not clear. Some people blame the team of Gari while others blame #Kucoin exchange as everything started over there. No one knows yet... Note: The candle is like a horror movie, impossible to forget 😅
This time, #Solana is in trouble According to SEC, Solana Labs manipulated the price of #SOL token and they caused loss of retail investors. If we go back in time, we remember that #XRP was accused of a similar thing and the team of XRP has been dealing with problems with SEC. I'm not a Solana investor, do not plan to be. However, any harm given to Solana will end up harming the whole #crypto ecosystem for sure. If the problem gets bigger, SOL may not be available for some…
New #stablecoin by Aave - GHO Aave is one of the most popular De-Fi platforms and it has been using some centralized stablecoins like USDC, USDT as well as decentralized ones like DAI. Since the #LUNA case, the trust in stablecoins has decreased a lot. With the new stablecoin by Aave, I expect many #DeFi projects to create farms of GHO stablecoin rather than #USDT or #USDC by Circle. Even if it takes some time to go viral, GHO will have a solid position in #crypto ecosystem…
#Blockchain com is affected by 3AC's default $270 million worth of crypto, most probably #BTC , #ETH, #LTC in the majority, is lost. It is easy to say that the funds are gone but we are talking about a quarter trillion worth of #crypto lost in Three Arrow's default by blockchain.com I have some balance on blockchaincom but I'm not going to touch it as it has been on since 2017 and blockchaincom is big enough to cover the losses. Yet, each day we learn new crypto service…
Is Crypto the Only Way to Secure Yourself? We are globally suffering from #inflation and the side effects of pandemic, global war and corrupted monetary policies. The problems happening in Sri Lanka are not genuinely unique to this country, in reality, it is the trail of what will take place in the whole world. My way will always be following #crypto , both "partially" #CeFi and mostly #DeFi investments. I regret not using Uniswap when it was first launched and today, I have…
#Binance vs #FTX - Who wins? The cold war between CZ and SBF is pretty interesting. Normally, I'm not a huge fan of Binance there are 2 things that made me appreciate CZ and Binance team's efforts. 1 - Binance has no exposure to #crypto lenders that have defaulted because of #LUNA 2 - Binance, or let's say CZ, does not play dirty like Alameda Research by SBF. Unfortunately, Sam from FTX is not a trustworthy person under any circumstances. During this cold war, I give more…
Zombie Companies & Bankruptcies I believe the major problem of #CeFi in our crypto ecosystem is not the ones who are known by everyone and already having financial problems but the ones which are not known by customers and trying to survive with huge debt. $18B #UST has melted but we only have 5 - 10 casualties like #3AC , #Voyager and some more. To be honest, I expect more to come and shake the #crypto ecosystem for some more time.
9.1% CPI 😶 Not Good! Though the expectation was 8.8%, the Consumer Price Index is relatively high for this term. We may expect #FED to take some more precautions to handle the #inflation problem that is faced in the US. When FED tries to strengthen Dollar, it directly affects the stock market and the #crypto ecosystem. Even if the CPI rate has a negative outlook, first, I expect a short-position hunt and then some more drop in the prices. Smart #money loves to surprise…
Lens Protocol - Social Media by #Aave I heard about #Lens but I did not check it before. It is a social media platform designed by Aave team! I think even having Aave team behind you is a strong narrative. What I'm gonna do? Of course I'll read the whitepaper and try to understand the vision of the project. We need solid #crypto projects like that. A real usecase, a strong team behind and owning authentic audience may make your project skyrocket all of a sudden 🔥
Have you checked Stablecoin Yields in #DeFi recently? I do not feel satisfied with the APY rates offered by DeFi giants like Aave, Compound, Venus etc. Owning 2-3% for your #USD investment means accepting the lose of purchasing power around 5½ for next year. For stablecoin investment, I prefer pHBD farm on #PolyCUB platform. It is on #Polygon (Matic) layer.2 and the ROI is much better than other DeFi platforms. #crypto services should compensate for the drop in purchasing…
Splinterlands has several benefits for the Hive ecosystem I'm addicted to #Splinterlands and I keep investing in the game more. I believe it is the best #play2earn game in the crypto ecosystem with its strong team and sustainable tokenomics. In the next bull run, it will help the Hive ecosystem to be explored by many people as it happened in October 2021. #Crypto ecosystem is exponentially growing. As the marketing of the game goes well, the project developers will see Hive…
Interesting Price Actions in Crypto I did not expect to see a 7% increase in the price of #Bitcoin while FED is expected to increase interest rates 100 base points. It is good to see #cryptocurrencies green once again. When I checked the moving averages, MA 20 (20 days of Moving Average) works as a support at 20,400+ while MA 50 will the the first resistance level at around 23,300 for #BTC . I still did not make a bunch of purchases in #crypto . Not sure if this pump is a…
Circle to Go Public by 2023 Circle is the company that created #USDC and became the owner of the second most valuable #stablecoin in terms of market cap. Since the debut of the stablecoin, it is preferred by millions. Also, Circle has several partnerships (such as Goldman Sachs) that are giant companies. When it goes public, I really wonder how will traditional market investors and #crypto people will react. I like USD and use it frequently. I may consider becoming a…
Insider Trading in Crypto Exchanges It has been a long time since the last time we heard about a case about a crypto exchange being accused of trading #cryptocurrencies with insider information. In such cases, either the platform itself will be accused of market manipulation or some people will be fired from their job. Unfortunately, #Coinbase is having hard days due to the lawsuit with #SEC . Honestly, I expect the case to get worse every time Coinbase goes against SEC. We…
Do you Expect Any Major Event for Bull-Run? I expect the narrative of #BTC Halving to lit the market once again. As usual, #Bitcoin halving is always priced in the crypto markets. When Bitcoin gets enough volume and it becomes overpriced, the money flows to the altcoins that are in Top 50. Once they are also overfed, it is time for all market to go green regardless of the projects and their benefits. In #crypto, people seek short term gains due to global issues that we…
Splinterlands is a Rewarding #Play2Earn Game! I have to admit that I'm addicted to this game. Over 365 days, I do at least 360 daily quests and never miss Guild Battles. The game has been conducting an #airdrop for 365 days and tomorrow is the last day of this long story. I earned more than $9 with a daily quest and it is exceptional in this bear market. Just waiting for the time when bull-run comes and #Splinterlands proves the #crypto ecosystem that it is leading the…
First Coinbase, Then Kraken It looks like we will have some more lawsuits against centralized exchanges in the #crypto ecosystem. The problem is that the scope of the cases is not limited to the future of the companies, rather, they affect the prices of cryptocurrencies, the liquidity, and the sentiment of the market. Even if I hate a company, I do not want it to be in trouble with regulators as it directly affects the ecosystem. The bull-run may be still far away from us 😶
Do you play #WavesDucks? Today, I hatched 2 ducks that were raised from duckling and I breed the ducks to get the duck with 13% rarity. It has been a long and tiring journey in #Waves ecosystem but in the end I earned NFT ducks that are like Splinterlands cards or Axies. I was not lucky to get great ones as my ducks have 3% rarity :I Anyway, it was exciting and now 3 of my ducks have $180 value in the market ( $20 = EGG price). If you have any experience in Waves Ducks ,…
Something is made clear: We have Recession (Globally!) It's the second time US gets negative growth in quarterly reports and its impacts will be visible on our #crypto market and stock markets. So far market perceives it as positive, most probably, because we knew that it will be negative and the fiat #money system is already in trouble for several years. Though it is green, crypto market may face with a "bull trap". In this scenario, the whales may hunt people who are…
#BNB Chain is Still Alive! There have been 3.25B transactions on the #Binance Chain so far. To be honest, I hardly invest in BNB Chain while Ethereum and Polygon are advancing and attracting more users. As long as Binance, the CEX, is still strong, I expect BNB to stay strong (even if I refrain from investing in it). I'll go for more sustainable and decentralized blockchains to put my #money in. While the transaction fees are still high compared to the other options, BNB…
Are you following the news? The global tension is high again. Unfortunately, we are in the corner of another war that will make millions of people suffer from its side effects of it. Yesterday #Bitcoin lost more than 1k value due to the news that turned the candles red. Though there was a hype for 28k (and higher highs for altcoins, too), today the market is moving sideways after some time. #Crypto is vulnerable to such occasions. Better to be more cautious these days 😶
@idiosyncratic1