#RLC made a break below of the support zone and the small uptrend channel too. Price gave a break and retest of the resistance and dropped a bit. Well, price is again up there for shorting, take it accordingly, with minor risk.
RG Analitics π’ [PRIVATE CHANNELπ]
Here's the Analysis of #RLC : #RLC is been rejecting off from the Major Resistance Zone of $2.61 - $2.68 but market still maintaining the bullish market structure. Price travelling inside the uptrend channel pattern and building a small triangle formationβ¦
#RLC made a break below of the support zone and the small uptrend channel too. Price gave a break and retest of the resistance and dropped a bit. Well, price is again up there for shorting, take it accordingly, with minor risk.
#PRA
#CHR / USDT :
TF : 15min
- The price is currently in a downtrend on the lower time frame (LTF) and is following the 200 EMA as a dynamic resistance.
- The price is consistently making new lows. At the moment, it is rejecting from the resistance zone, indicating a potential move towards testing its previous swing low.
Plan :
Entry : $0.246
Target : $0.237
SL : $0.251
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#CHR / USDT :
TF : 15min
- The price is currently in a downtrend on the lower time frame (LTF) and is following the 200 EMA as a dynamic resistance.
- The price is consistently making new lows. At the moment, it is rejecting from the resistance zone, indicating a potential move towards testing its previous swing low.
Plan :
Entry : $0.246
Target : $0.237
SL : $0.251
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
What Is a Liquidity Bootstrapping Pool (LBP)?
Liquidity bootstrapping pools (LBPs) are also known as configurable rights pools or smart pools. A smart pool essentially is a contract that manages a core pool that contains tokens to be used on an exchange. Unlike other shared pools, smart pool controllers have the power to change the specifications of the pool in limited ways. Hence, a smart pool is less trustless than a shared pool but at the same time, does not require the entire trust of a private pool.
The main inspiration behind an LBP is the ability to launch tokens with low capital requirements. To achieve this, a two-token pool is set up with a project and a collateral token. The weights are then set in favor of the project token (at first). Over time, a gradual flip occurs where the collateral coin is favored by the end of the token sale. Controllers can calibrate the sale to keep the price relatively stable to maximize revenue or can decline the price to the desired minimum (e.g. the initial coin offering price).
Another unique configuration of LBPs is the ability to pause swapping whenever needed. A pool controller may want to do this for a variety of reasons such as strong, unexpected demand driving up the token price or people selling tokens back to the pool for profit instead of buying them. When there is no incentive for a whale to profit from a βrug pullβ or a similar technique that leads to instant price volatility, this allows for more fluid price discovery for the token. Despite the power to disable swapping, itβs quite rare since the pool operator is incentivized to leave swapping fully enabled as the main goal of a token sale is to sell tokens.
To use a hypothetical scenario, say a new project wants to hold a token sale while at the same time, build deep liquidity. They can do this by enabling a custom weight/ratio and also the ability to set a fee charged by the pool. This is ideal for distributing new tokens since the LBP controller only needs to provide the new tokens and a small portion of a second asset (e.g. DAI) to start the pool and initiate distribution. Since the parameters are set in a way that releases tokens slowly with changing weights, whales are forced to split their trades into separate, small traders over a longer period of time. Thus, making it easier for everyone else to get in during the course of the sale.
In some cases, whales may decide to wait until the very end of an LBP to buy large positions which then causes the price to pump quickly. However, due to the restrictions of the LBP, a rug pull event is near impossible, hence protecting the value of the token after the pump as the token price initially increases but continues to trickle downwards over time. This process continues until all tokens are sold and the token is evenly distributed effectively.
LBPs are a great solution for those who want to get tokens into the hands of a user base without the limitations of a rapidly increasing price curve. LBP represents the future of fundraising for small projects struggling with liquidity. Unless people buy the tokens faster than the price decreases, then itβs an efficient way to ensure maximum distribution.
Liquidity bootstrapping pools (LBPs) are also known as configurable rights pools or smart pools. A smart pool essentially is a contract that manages a core pool that contains tokens to be used on an exchange. Unlike other shared pools, smart pool controllers have the power to change the specifications of the pool in limited ways. Hence, a smart pool is less trustless than a shared pool but at the same time, does not require the entire trust of a private pool.
The main inspiration behind an LBP is the ability to launch tokens with low capital requirements. To achieve this, a two-token pool is set up with a project and a collateral token. The weights are then set in favor of the project token (at first). Over time, a gradual flip occurs where the collateral coin is favored by the end of the token sale. Controllers can calibrate the sale to keep the price relatively stable to maximize revenue or can decline the price to the desired minimum (e.g. the initial coin offering price).
Another unique configuration of LBPs is the ability to pause swapping whenever needed. A pool controller may want to do this for a variety of reasons such as strong, unexpected demand driving up the token price or people selling tokens back to the pool for profit instead of buying them. When there is no incentive for a whale to profit from a βrug pullβ or a similar technique that leads to instant price volatility, this allows for more fluid price discovery for the token. Despite the power to disable swapping, itβs quite rare since the pool operator is incentivized to leave swapping fully enabled as the main goal of a token sale is to sell tokens.
To use a hypothetical scenario, say a new project wants to hold a token sale while at the same time, build deep liquidity. They can do this by enabling a custom weight/ratio and also the ability to set a fee charged by the pool. This is ideal for distributing new tokens since the LBP controller only needs to provide the new tokens and a small portion of a second asset (e.g. DAI) to start the pool and initiate distribution. Since the parameters are set in a way that releases tokens slowly with changing weights, whales are forced to split their trades into separate, small traders over a longer period of time. Thus, making it easier for everyone else to get in during the course of the sale.
In some cases, whales may decide to wait until the very end of an LBP to buy large positions which then causes the price to pump quickly. However, due to the restrictions of the LBP, a rug pull event is near impossible, hence protecting the value of the token after the pump as the token price initially increases but continues to trickle downwards over time. This process continues until all tokens are sold and the token is evenly distributed effectively.
LBPs are a great solution for those who want to get tokens into the hands of a user base without the limitations of a rapidly increasing price curve. LBP represents the future of fundraising for small projects struggling with liquidity. Unless people buy the tokens faster than the price decreases, then itβs an efficient way to ensure maximum distribution.
Educational Post
What Is the ORC-20 Standard?
The ORC-20 standard is an open standard designed to improve BRC-20 on the Bitcoin network. The ORC-20 standard's objective is to maintain backward compatibility with BRC-20 while improving adaptability, scalability, and security.
BRC-20 is an experimental token standard that allows users to mint and transfer fungible tokens via the Ordinals protocol on the Bitcoin blockchain.
How Does ORC-20 Improve the BRC-20 Standard?
The ORC-20 protocol builds on Ordinals and the BRC-20 token standard. The primary objective of the ORC-20 protocol is to promote the adoption of Ordinals, digital artifacts that can carry various data types on the Bitcoin network. It enables users to deploy new ORC-20 tokens and migrate existing BRC-20 tokens.
BRC-20 is an experimental token standard on the Bitcoin blockchain named after Ethereum's ERC-20. It enables developers to create and transfer fungible tokens through the Ordinals protocol. BRC-20 has become popular in the crypto ecosystem, especially after the rise of meme coins like Pepe (PEPE) in May 2023.
The current limitations of the BRC-20 standard, such as double-spending and restricted naming space, have led to a need for improvements. The proposed ORC-20 protocol introduces several enhancements, such as UTXO and flexible naming space, to address these limitations.
How Does ORC-20 Prevent Double-Spending?
The transaction model used in ORC-20 is based on Bitcoin's UTXO model. When a transfer occurs, the sender specifies the amount to be received by the receiver and designates the remaining balance to be sent back to themselves, simplifying the transfer process.
In the UTXO model, the previous inscribed balance is rendered invalid after each transaction is completed, aligning with the UTXO principles. Each "sends" event in ORC-20 tokens can include a nonce. This allows the sender to include a unique identifier for the transaction, which can be used to cancel a partial transaction if needed. By specifying the nonce, the sender can undo and reverse a transaction that has not been fully processed.
What Is the ORC-20 Standard?
The ORC-20 standard is an open standard designed to improve BRC-20 on the Bitcoin network. The ORC-20 standard's objective is to maintain backward compatibility with BRC-20 while improving adaptability, scalability, and security.
BRC-20 is an experimental token standard that allows users to mint and transfer fungible tokens via the Ordinals protocol on the Bitcoin blockchain.
How Does ORC-20 Improve the BRC-20 Standard?
The ORC-20 protocol builds on Ordinals and the BRC-20 token standard. The primary objective of the ORC-20 protocol is to promote the adoption of Ordinals, digital artifacts that can carry various data types on the Bitcoin network. It enables users to deploy new ORC-20 tokens and migrate existing BRC-20 tokens.
BRC-20 is an experimental token standard on the Bitcoin blockchain named after Ethereum's ERC-20. It enables developers to create and transfer fungible tokens through the Ordinals protocol. BRC-20 has become popular in the crypto ecosystem, especially after the rise of meme coins like Pepe (PEPE) in May 2023.
The current limitations of the BRC-20 standard, such as double-spending and restricted naming space, have led to a need for improvements. The proposed ORC-20 protocol introduces several enhancements, such as UTXO and flexible naming space, to address these limitations.
How Does ORC-20 Prevent Double-Spending?
The transaction model used in ORC-20 is based on Bitcoin's UTXO model. When a transfer occurs, the sender specifies the amount to be received by the receiver and designates the remaining balance to be sent back to themselves, simplifying the transfer process.
In the UTXO model, the previous inscribed balance is rendered invalid after each transaction is completed, aligning with the UTXO principles. Each "sends" event in ORC-20 tokens can include a nonce. This allows the sender to include a unique identifier for the transaction, which can be used to cancel a partial transaction if needed. By specifying the nonce, the sender can undo and reverse a transaction that has not been fully processed.
Donβt miss this chance to get #CVIP here π
XT.com is going to launch #CVIP tomorrow at 13:00 UTC and guess whatβ They have set the opening price on XT exchange at 0.1$ That means you can still grab #CVIP at a bargain price
#CVIP have Partnership with Binance listed project #NULS and #DGB
Also they indicated regarding 10% supply burn and Tier1 #Cex listing on the wayπ
Plus, #CVIP has many exciting collaborationβs coming up it will surely skyrocket in future π
Buy and Hold for massive profits:
PANCAKESWAP - https://pancakeswap.finance/swap?outputCurrency=0xe5a46bf898ce7583b612e5d168073ff773d7857e
MEXC - https://www.mexc.com/exchange/CVIP_USDT
XT.com is going to launch #CVIP tomorrow at 13:00 UTC and guess whatβ They have set the opening price on XT exchange at 0.1$ That means you can still grab #CVIP at a bargain price
#CVIP have Partnership with Binance listed project #NULS and #DGB
Also they indicated regarding 10% supply burn and Tier1 #Cex listing on the wayπ
Plus, #CVIP has many exciting collaborationβs coming up it will surely skyrocket in future π
Buy and Hold for massive profits:
PANCAKESWAP - https://pancakeswap.finance/swap?outputCurrency=0xe5a46bf898ce7583b612e5d168073ff773d7857e
MEXC - https://www.mexc.com/exchange/CVIP_USDT
Donβt miss this chance to get #CVIP here π
XT.com is going to launch #CVIP tomorrow at 13:00 UTC and guess whatβ They have set the opening price on XT exchange at 0.1$ That means you can still grab #CVIP at a bargain price
#CVIP have Partnership with Binance listed project #NULS and #DGB
Also they indicated regarding 10% supply burn and Tier1 #Cex listing on the wayπ
Plus, #CVIP has many exciting collaborationβs coming up it will surely skyrocket in future π
Buy and Hold for massive profits:
PANCAKESWAP - https://pancakeswap.finance/swap?outputCurrency=0xe5a46bf898ce7583b612e5d168073ff773d7857e
MEXC - https://www.mexc.com/exchange/CVIP_USDT
XT.com is going to launch #CVIP tomorrow at 13:00 UTC and guess whatβ They have set the opening price on XT exchange at 0.1$ That means you can still grab #CVIP at a bargain price
#CVIP have Partnership with Binance listed project #NULS and #DGB
Also they indicated regarding 10% supply burn and Tier1 #Cex listing on the wayπ
Plus, #CVIP has many exciting collaborationβs coming up it will surely skyrocket in future π
Buy and Hold for massive profits:
PANCAKESWAP - https://pancakeswap.finance/swap?outputCurrency=0xe5a46bf898ce7583b612e5d168073ff773d7857e
MEXC - https://www.mexc.com/exchange/CVIP_USDT
Here's the Analysis of #JTO :
#JTO is been selling off from the major resistance zone of $2.78 - $83 and reach a strong flip level (Blue Zone) of $1.81 - $1.85. Wait for the daily candle to close before entering any setups. Shorts only after a H4 candle giving a break and close below. Price broke the trendline too, so a break below for shorting will high probable.
#JTO is been selling off from the major resistance zone of $2.78 - $83 and reach a strong flip level (Blue Zone) of $1.81 - $1.85. Wait for the daily candle to close before entering any setups. Shorts only after a H4 candle giving a break and close below. Price broke the trendline too, so a break below for shorting will high probable.
RG Analitics π’ [PRIVATE CHANNELπ]
#PRA #TRX / USD : TF : 1H - The price is currently moving in an uptrend and following the 200 EMA as dynamic support. It retraced to the 200 EMA and bounced back from there, indicating a strong buying opportunity. - Additionally, there's a breakout of aβ¦
#PRA
#TRX has hit our target level β . Hope u guys have booked your profits π°.
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#TRX has hit our target level β . Hope u guys have booked your profits π°.
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
RG Analitics π’ [PRIVATE CHANNELπ]
Bitcoin made another attempt to break above the resistance line but faced rejection. The price is currently heading towards the local support area, aligning with our expectations. Observing how the price reacts at this local support will be crucial. A breakβ¦
Bitcoin has once again reached the resistance area and is currently trading there. A successful break above this area will be a bullish sign, while a rejection could lead to a drop towards the local support.
RG Analitics π’ [PRIVATE CHANNELπ]
#BTC goes with the 2nd scenario, tries to push from the structural level but dropped back to wards the major support zone. Now, price is anticipated to push higher and move back to up the structural resistance zone and major resistance zone too around $45β¦
#BTC pushing as per the plan and kinda slow now, price now reached the Resistance Formed on Daily and will act as the obstacle for it. Therefore, price is still expected to reach the major resistance and continue the range. Monthly, closing already done and its constitutive bullish for 5 months now, so eyes on weekly closing now.
#PRA
#XMR / USDT :
TF : 1W
- The price is consolidating over the support zone. Whenever the price approaches the support zone, it tends to show a bullish move.
- It's expected that the price will continue its trend and soon test its previous swing highs. This could be a good area to consider buying.
- You can aim for a first target of +60% and a second target of +200%. Just make sure to set your stop loss below the previous swing low.
Plan :
Entry : $168.6
Target : $270 and $505
SL : $120
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#XMR / USDT :
TF : 1W
- The price is consolidating over the support zone. Whenever the price approaches the support zone, it tends to show a bullish move.
- It's expected that the price will continue its trend and soon test its previous swing highs. This could be a good area to consider buying.
- You can aim for a first target of +60% and a second target of +200%. Just make sure to set your stop loss below the previous swing low.
Plan :
Entry : $168.6
Target : $270 and $505
SL : $120
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
RG Analitics π’ [PRIVATE CHANNELπ]
STRAX analysis: The price is currently testing the resistance area. A rejection from this level may lead to a downward movement towards the support area. It is not advisable to open new long positions in this zone. Support Area: $0.735-$0.757 Resistanceβ¦
STRAX has been rejected from the resistance area and is now moving towards the support area. It is advisable to wait for a test of the support area before entering new trades. The support and resistance levels remain the same.
π Countdown Alert! Less than 4 hours until CVIP Launches on XT.com! ππ«
Get ready for liftoff as CVIP sets sail on XT.com! πβ¨
π Listing Price: $0.10
Check out the full information on XT's official announcement : https://xtsupport.zendesk.com/hc/en-us/articles/28171801752729-XT-COM-Announcement-on-Launching-CVIP-CVIP
π₯ Don't miss out on the excitement! Secure your spot in the CVIP journey β it's about to get epic!
Get ready for liftoff as CVIP sets sail on XT.com! πβ¨
π Listing Price: $0.10
Check out the full information on XT's official announcement : https://xtsupport.zendesk.com/hc/en-us/articles/28171801752729-XT-COM-Announcement-on-Launching-CVIP-CVIP
π₯ Don't miss out on the excitement! Secure your spot in the CVIP journey β it's about to get epic!
π Countdown Alert! Less than 4 hours until CVIP Launches on XT.com! ππ«
Get ready for liftoff as CVIP sets sail on XT.com! πβ¨
π Listing Price: $0.10
Check out the full information on XT's official announcement : https://xtsupport.zendesk.com/hc/en-us/articles/28171801752729-XT-COM-Announcement-on-Launching-CVIP-CVIP
π₯ Don't miss out on the excitement! Secure your spot in the CVIP journey β it's about to get epic!
Get ready for liftoff as CVIP sets sail on XT.com! πβ¨
π Listing Price: $0.10
Check out the full information on XT's official announcement : https://xtsupport.zendesk.com/hc/en-us/articles/28171801752729-XT-COM-Announcement-on-Launching-CVIP-CVIP
π₯ Don't miss out on the excitement! Secure your spot in the CVIP journey β it's about to get epic!
RG Analitics π’ [PRIVATE CHANNELπ]
Here's the Analysis of #ZRX : #ZRX gave a break of the major level of $0.30 - $0.31 and off the large downtrend channel too. Price rejected from the Resistance Area (Grey Box) around $0.38 -$0.39. Well, right now, price is middle of the nowhere, so its betterβ¦
#ZRX reached the perfect level which was anticipated (Major Support). Price tested and Major Level and now reacting for it. I hope you got into buys and trail Stops with moving price. Marker
RG Analitics π’ [PRIVATE CHANNELπ]
Here's the Analysis of #ZRX : #ZRX gave a break of the major level of $0.30 - $0.31 and off the large downtrend channel too. Price rejected from the Resistance Area (Grey Box) around $0.38 -$0.39. Well, right now, price is middle of the nowhere, so its betterβ¦
#ZRX reached the perfect level which was anticipated (Major Support). Price tested and Major Level and now reacting for it. I hope you got into buys and trail Stops with moving price. Market structure is still bearish, so keep the lots small.
RG Analitics π’ [PRIVATE CHANNELπ]
Here is the analysis of #MULTI: The price broke the falling wedge pattern but encountered significant rejection at the resistance area. Currently retracing after the pump, there's a possibility of sideways movement near the $2.10-$2.25 support zone. Thisβ¦
#MULTI is been formed a support after being rejected high from the resistance and kinda forming a triangle pattern. Now, eyes on Breakout as on the both side we have enough range of 25% - 30% move, so wait for the H4 strong closing to happen.
The significant redemptions taking place from the Grayscale GBTC product as a closed end trust fund, GBTC amassed an extraordinary 661.7K #BTC in early 2021, as traders sought to close the NAV premium arbitrage.
After many years of trading at a severe NAV discount (with a very high 2% fee), conversion to a spot ETF has triggered significant a re-balancing event. Around ~115.6k BTC have been redeemed from the GBTC ETF since conversion, creating significant market headwinds.
After many years of trading at a severe NAV discount (with a very high 2% fee), conversion to a spot ETF has triggered significant a re-balancing event. Around ~115.6k BTC have been redeemed from the GBTC ETF since conversion, creating significant market headwinds.