Trading Crypto Guide ™
Choose a Coin For Analysis
Here's the Analysis of #KLAY :
#KLAY is been strong rejected off from the Resistance Area, and broke off the consolidation range. Price Nearly reached out the very last support zone of $0.145 - $0.148 and still we can expected to tap into it as market structure is bearish. Shorting can be done near at $0.186 - $0.188 till support with a medium amount of risk.
#KLAY is been strong rejected off from the Resistance Area, and broke off the consolidation range. Price Nearly reached out the very last support zone of $0.145 - $0.148 and still we can expected to tap into it as market structure is bearish. Shorting can be done near at $0.186 - $0.188 till support with a medium amount of risk.
Trading Crypto Guide ™
#BTC on H4 TF, still remains the same but the Weekly closing made a good push and given the close above the structural Resistance. But the thing is, Candle have a large wick on top of it, showing the selling pressure/ Rejection. Marketing is also showing some…
#BTC didn’t followed our plan but goes as per weekly idea. Price broke though the Strong Resistance Area and Pumping. Moreover, #ETF news is just on the head now, so this might be due to that and now price will sustain over the level until further release. A potential retest is expected back to $45,000, which will be a healthy correction.
Trading Crypto Guide ™
An Easy and Quick trade in #WRX made a high of $0.30, which is nearly 49% in profit. I Hope you guys secured some the Major Resistance Area. There was a short selling opportunity, as going good too. Potential buys will again come from the Support area.
#WRX playing with the support very well, and keep on hodling the support. We callout buys over there and pushed good around 17% and 13.9% as well. I hope you took advantage of it and currently, this support looks weaken but still good, so wait for the further opportunities and hodl any longs and add anymore.
What Is Impermanent Loss?
Impermanent loss can arise when there is a price discrepancy between the two assets a trader holds on a DEX, usually a cryptocurrency and a stablecoin (such as USDC). When the price of the cryptocurrency falls relative to the stablecoin, the trader can experience a loss due to the difference in prices. This is known as impermanent loss.
How Does Impermanent Loss Work?
Impermanent loss occurs when traders use a DEX to buy one asset with another asset. For example, if a trader buys Ethereum using USDC, then the trader is exposed to the price movements of both assets. If the price of ETH falls relative to USDC, the trader’s profit from the trade will decrease or even become a loss. This is because they have to sell the ETH at a lower price to get back to the original USDC amount.
Let’s imagine that a provider needs to offer equal levels of liquidity in both USDC and ETH but suddenly, the price of ETH goes up. This creates an opportunity for arbitrage because the price of ETH in the liquidity pool now doesn’t reflect the market price. Other traders will buy ETH at a discounted rate until the equilibrium is restored.
After arbitrage, a liquidity provider may end up with a greater amount of USDC and slightly less ETH. Impermanent loss is the difference between the trader's new portfolio balance and what they would have had if they had just held on to their old balance. The loss is realized when a trader withdraws the liquidity from the pool.
How to Avoid Impermanent Loss?
One way to prevent impermanent loss is to use stablecoins, such as USDC and DAI, or wrapped versions of the same assets like wBTC offered by Curve. Balancer also offers arbitrary weights for its liquidity pools different from the 50/50 model, which can reduce the risk of impermanent loss if a token has a higher weight in the pool.
Additionally, a few DeFi protocols are beginning to explore innovative solutions like price oracles used by Bancor, and single-sided liquidity pools employed by Tokemak, where the protocol’s native token absorbs the risk of impermanent loss in exchange for swap fees and bribe rewards.
Impermanent loss can also be minimized by setting up a portfolio of assets that are relatively well-correlated. This way, when the prices of the assets diverge, the portfolio will remain relatively balanced, and the trader can avoid any unexpected losses.
Impermanent loss can arise when there is a price discrepancy between the two assets a trader holds on a DEX, usually a cryptocurrency and a stablecoin (such as USDC). When the price of the cryptocurrency falls relative to the stablecoin, the trader can experience a loss due to the difference in prices. This is known as impermanent loss.
How Does Impermanent Loss Work?
Impermanent loss occurs when traders use a DEX to buy one asset with another asset. For example, if a trader buys Ethereum using USDC, then the trader is exposed to the price movements of both assets. If the price of ETH falls relative to USDC, the trader’s profit from the trade will decrease or even become a loss. This is because they have to sell the ETH at a lower price to get back to the original USDC amount.
Let’s imagine that a provider needs to offer equal levels of liquidity in both USDC and ETH but suddenly, the price of ETH goes up. This creates an opportunity for arbitrage because the price of ETH in the liquidity pool now doesn’t reflect the market price. Other traders will buy ETH at a discounted rate until the equilibrium is restored.
After arbitrage, a liquidity provider may end up with a greater amount of USDC and slightly less ETH. Impermanent loss is the difference between the trader's new portfolio balance and what they would have had if they had just held on to their old balance. The loss is realized when a trader withdraws the liquidity from the pool.
How to Avoid Impermanent Loss?
One way to prevent impermanent loss is to use stablecoins, such as USDC and DAI, or wrapped versions of the same assets like wBTC offered by Curve. Balancer also offers arbitrary weights for its liquidity pools different from the 50/50 model, which can reduce the risk of impermanent loss if a token has a higher weight in the pool.
Additionally, a few DeFi protocols are beginning to explore innovative solutions like price oracles used by Bancor, and single-sided liquidity pools employed by Tokemak, where the protocol’s native token absorbs the risk of impermanent loss in exchange for swap fees and bribe rewards.
Impermanent loss can also be minimized by setting up a portfolio of assets that are relatively well-correlated. This way, when the prices of the assets diverge, the portfolio will remain relatively balanced, and the trader can avoid any unexpected losses.
Tether Treasury minted 1,000,000,000 USDT (1,000,497,499 USD) just a few minutes ago.
You know that, what this for :-)
You know that, what this for :-)
Trading Crypto Guide ™
Choose a Coin For Analysis
Here's the Analysis of #FET :
#FET is been moving very correctively, rejecting it from the Strong Resistance Area of $0.71 - $0.75 and also made a structural shift form the Strong Support area of $0.57 - $0.59. Well, its been a range and a retest back to support will good for buys with a slightly bigger stops.
#FET is been moving very correctively, rejecting it from the Strong Resistance Area of $0.71 - $0.75 and also made a structural shift form the Strong Support area of $0.57 - $0.59. Well, its been a range and a retest back to support will good for buys with a slightly bigger stops.
Trading Crypto Guide ™
#BTC didn’t followed our plan but goes as per weekly idea. Price broke though the Strong Resistance Area and Pumping. Moreover, #ETF news is just on the head now, so this might be due to that and now price will sustain over the level until further release.…
#BTC made a potential retest back to the Major Support zone as expected. Well, this was due to a Positive tweet from Official X account of #SEC on #ETF. This was a fake news as it dropped when came into highlight. Also, mostly event aligns with Technical most of the time. Now today we've to wait and watch for the news to kick in momentum into the market.
Notice of Removal of Spot Trading Pairs - 2024-01-12
https://www.binance.com/en/support/announcement/f7e3c64aa763470980050f3b823b8ccd
https://www.binance.com/en/support/announcement/f7e3c64aa763470980050f3b823b8ccd
What Is an Initial Bounty Offering (IBO)?
Whereas initial coin offerings require people to purchase tokens using fiat, initial bounty offerings result in people being rewarded with free or discounted tokens in exchange for their services.
Enthusiasts who dedicate their time and skill to further a project — by completing tasks related to translation, marketing, business development or human resources — can be eligible in an IBO.
This can mean that they’re emotionally invested in a project and more determined to see it succeed, and this approach can be more effective in building a community.
As a result, IBOs require more mental commitment from the receiver.
Those who receive tokens can cash them out at a later stage once they are listed on an exchange, or they can hold on to them in the hope that their value grows.
Upon completion of an ICO, bounty programs may be utilized to obtain feedback on a cryptocurrency project’s code or to compensate for efforts for promoting the coin.
Coders who are able to identify flaws in the blockchain may also be given rewards in the form of bug bounties, and these rewards can run into many thousands of dollars.
Some well-known cryptocurrencies — such as Zcash and Ethereum — have utilized bounty programs to reward developers who assisted in the development of the blockchain.
Whereas initial coin offerings require people to purchase tokens using fiat, initial bounty offerings result in people being rewarded with free or discounted tokens in exchange for their services.
Enthusiasts who dedicate their time and skill to further a project — by completing tasks related to translation, marketing, business development or human resources — can be eligible in an IBO.
This can mean that they’re emotionally invested in a project and more determined to see it succeed, and this approach can be more effective in building a community.
As a result, IBOs require more mental commitment from the receiver.
Those who receive tokens can cash them out at a later stage once they are listed on an exchange, or they can hold on to them in the hope that their value grows.
Upon completion of an ICO, bounty programs may be utilized to obtain feedback on a cryptocurrency project’s code or to compensate for efforts for promoting the coin.
Coders who are able to identify flaws in the blockchain may also be given rewards in the form of bug bounties, and these rewards can run into many thousands of dollars.
Some well-known cryptocurrencies — such as Zcash and Ethereum — have utilized bounty programs to reward developers who assisted in the development of the blockchain.
Trading Crypto Guide ™
Choose a Coin For Analysis
Here's the Analysis of #BAKE :
#BAKE is been moving inside the small downtrend channel pattern and kept on rejecting the Strong Support Zone around $0.31. Well, As per market structure is it looks bearish, it will be risky setup, so you can take low risk here. alternatively, you can wait for a breakout of the channel to get-in.
#BAKE is been moving inside the small downtrend channel pattern and kept on rejecting the Strong Support Zone around $0.31. Well, As per market structure is it looks bearish, it will be risky setup, so you can take low risk here. alternatively, you can wait for a breakout of the channel to get-in.
Trading Crypto Guide ™
#BTC made a potential retest back to the Major Support zone as expected. Well, this was due to a Positive tweet from Official X account of #SEC on #ETF. This was a fake news as it dropped when came into highlight. Also, mostly event aligns with Technical most…
#BTC, did multiple retest back to the zone and kinda have it break and retest. Price already rejecting the zone multiple times, which is sort of #bullish as of now. #ETFs also get approvals, good to see price sustaining over the zone. Well, if #Bitcoin remains silent over this, then we can see a good rally in alts soon.
Trading Crypto Guide ™
#WRX playing with the support very well, and keep on hodling the support. We callout buys over there and pushed good around 17% and 13.9% as well. I hope you took advantage of it and currently, this support looks weaken but still good, so wait for the further…
#WRX support playing out well and another quick jump from there of 29% and previous trade also running the same. Well, its forming a range now, so i hope you book the profits there up and now support looks less promising to hodl, so if price dips down then wait for buys until daily formed new Support
Trading Crypto Guide ™
Here's the Analysis of #BAKE : #BAKE is been moving inside the small downtrend channel pattern and kept on rejecting the Strong Support Zone around $0.31. Well, As per market structure is it looks bearish, it will be risky setup, so you can take low risk…
#BAKE made a good move from the call and made a high of $0.422, which is 27.2% in profits. Secure some right here and take it up with the trailing stoploss. More scale-in opportunities will come after Daily Candle Closure and with a pullback.
What Is an Initial Dex Offering?
Initial dex offerings, or IDOs, are tokens that represent any type of asset hosted on a decentralized exchange (DEX) — an IDO is when a project launches a token through a decentralized liquidity exchange. IDOs can be created for anything from cryptocurrency to a music album, to aether powered battle ships. IDOs offer businesses a tool for engaging their communities in an economy that both enriches their products and services while allowing them to make smart business decisions regarding their assets.
In the same way that traditional startups receive venture capital before launching, projects issuing initial DEX offerings receive financing from individual investors. Unlike an initial public offering, investors in initial dex offerings never own any equity in the project.
IDOs have some benefits that may make them more attractive than ICOs and IEOs: immediate liquidity, immediate trading and lower costs for listing.
An initial DEX offering or IDO refers to the launching of a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project makes a coin’s first public debut on a DEX in order to raise funding from retail investors. IDOs have similarities with initial exchange offerings (IEOs), where crypto projects launch their token and raise funds via a centralized exchange, since both allow immediate trading on top of raising funds. However, centralized exchanges impose strict ground rules including:
—> Payment of a huge sum or offering a portion of the tokens to the exchange;
—> Prohibiting the project from listing their token on competing exchanges;
—> Having very small leeway in controlling the parameters of a project’s token sale.
IDOs, on the other hand, can offer a far more cost-effective token sale and listing model. Firstly, an IDO provides quick liquidity with little to no slippage through available liquidity pools in a DEX. Relatively, it has cheaper listing costs. And like IEOs, it allows instantaneous trading.
Examples of DEXs that offer IDO services include Binance DEX, Polkastarter and Uniswap. Most traders also prefer IDOs over ICOs since IDO listings prevent the issuer of the tokens from controlling how the fundraising round will go. One of the first IDOs launched in the space was RAVEN, which was listed in Binance DEX in June 2019.
Initial dex offerings, or IDOs, are tokens that represent any type of asset hosted on a decentralized exchange (DEX) — an IDO is when a project launches a token through a decentralized liquidity exchange. IDOs can be created for anything from cryptocurrency to a music album, to aether powered battle ships. IDOs offer businesses a tool for engaging their communities in an economy that both enriches their products and services while allowing them to make smart business decisions regarding their assets.
In the same way that traditional startups receive venture capital before launching, projects issuing initial DEX offerings receive financing from individual investors. Unlike an initial public offering, investors in initial dex offerings never own any equity in the project.
IDOs have some benefits that may make them more attractive than ICOs and IEOs: immediate liquidity, immediate trading and lower costs for listing.
An initial DEX offering or IDO refers to the launching of a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project makes a coin’s first public debut on a DEX in order to raise funding from retail investors. IDOs have similarities with initial exchange offerings (IEOs), where crypto projects launch their token and raise funds via a centralized exchange, since both allow immediate trading on top of raising funds. However, centralized exchanges impose strict ground rules including:
—> Payment of a huge sum or offering a portion of the tokens to the exchange;
—> Prohibiting the project from listing their token on competing exchanges;
—> Having very small leeway in controlling the parameters of a project’s token sale.
IDOs, on the other hand, can offer a far more cost-effective token sale and listing model. Firstly, an IDO provides quick liquidity with little to no slippage through available liquidity pools in a DEX. Relatively, it has cheaper listing costs. And like IEOs, it allows instantaneous trading.
Examples of DEXs that offer IDO services include Binance DEX, Polkastarter and Uniswap. Most traders also prefer IDOs over ICOs since IDO listings prevent the issuer of the tokens from controlling how the fundraising round will go. One of the first IDOs launched in the space was RAVEN, which was listed in Binance DEX in June 2019.