What Are Meme Coins?
#Meme coins, also known as meme cryptocurrencies or internet meme #tokens, are a type of digital #currency that gained popularity primarily through social media platforms and #online communities. These coins often feature a humorous or lighthearted theme, and their value and appeal are largely driven by internet #memes, #jokes, or viral trends.
Meme coins are typically created as a form of #decentralized cryptocurrency on blockchain platforms such as #Ethereum. They often have unique characteristics, including catchy names, distinctive logos or symbols, and community-driven marketing efforts. Some well-known meme coins include #Dogecoin (#DOGE) and #Shiba Inu (#SHIB).
While meme coins may have gained attention and a dedicated following due to their meme-driven nature, it's important to note that they often lack substantial utility or #fundamental value. Their prices can be highly volatile, and #investments in meme coins carry significant #risks. Meme coins should be approached with caution, and thorough research is advised before considering any investment or involvement with these types of cryptocurrencies
#Meme coins, also known as meme cryptocurrencies or internet meme #tokens, are a type of digital #currency that gained popularity primarily through social media platforms and #online communities. These coins often feature a humorous or lighthearted theme, and their value and appeal are largely driven by internet #memes, #jokes, or viral trends.
Meme coins are typically created as a form of #decentralized cryptocurrency on blockchain platforms such as #Ethereum. They often have unique characteristics, including catchy names, distinctive logos or symbols, and community-driven marketing efforts. Some well-known meme coins include #Dogecoin (#DOGE) and #Shiba Inu (#SHIB).
While meme coins may have gained attention and a dedicated following due to their meme-driven nature, it's important to note that they often lack substantial utility or #fundamental value. Their prices can be highly volatile, and #investments in meme coins carry significant #risks. Meme coins should be approached with caution, and thorough research is advised before considering any investment or involvement with these types of cryptocurrencies
What is Crypto Faucet ?
A crypto #faucet is a website or application that rewards users with small amounts of #cryptocurrency for completing certain tasks or activities. It is called a "#faucet" because it operates similarly to a tap or faucet that releases small amounts of water.
In the context of #cryptocurrency, a faucet typically dispenses small fractions of a cryptocurrency token, such as #Bitcoin or #Ethereum, to users. These tokens are usually given away for #free and serve as a way to introduce new users to the world of cryptocurrencies. The tasks or activities required to earn the #rewards can vary and may include #watching advertisements, #completing surveys, #playing games, or #solving captchas.
Crypto faucets are often used as a promotional #tool by cryptocurrency projects to increase awareness, drive user engagement, and distribute #tokens to a wider #audience. While the rewards from crypto faucets are typically small, they can #accumulate over time, especially if users consistently engage with multiple faucets.
A crypto #faucet is a website or application that rewards users with small amounts of #cryptocurrency for completing certain tasks or activities. It is called a "#faucet" because it operates similarly to a tap or faucet that releases small amounts of water.
In the context of #cryptocurrency, a faucet typically dispenses small fractions of a cryptocurrency token, such as #Bitcoin or #Ethereum, to users. These tokens are usually given away for #free and serve as a way to introduce new users to the world of cryptocurrencies. The tasks or activities required to earn the #rewards can vary and may include #watching advertisements, #completing surveys, #playing games, or #solving captchas.
Crypto faucets are often used as a promotional #tool by cryptocurrency projects to increase awareness, drive user engagement, and distribute #tokens to a wider #audience. While the rewards from crypto faucets are typically small, they can #accumulate over time, especially if users consistently engage with multiple faucets.
What is Stablecoin ?
#Stablecoin are a type of cryptocurrency that are designed to maintain a stable value, usually #pegged to a fiat currency like the #US dollar. Unlike other cryptocurrencies such as #Bitcoin or #Ethereum, which can experience significant price volatility, stablecoins aim to provide stability and minimize fluctuations in value. They achieve this by backing the value of each coin with #reserves of the pegged fiat currency or other assets.
Stablecoins offer several benefits in the crypto ecosystem. They can be used as a store of value, a medium of #exchange, or a unit of account, providing stability for users and facilitating everyday transactions. Additionally, stablecoins can enable #faster and cheaper #cross-border transactions compared to traditional #banking systems.
Different types of stablecoins exist, including #fiat-collateralized stablecoins, crypto-collateralized stablecoins, and algorithmic stablecoins. Each type has its own mechanism for maintaining price stability.
Overall, stablecoins play a crucial role in the cryptocurrency market, providing a reliable and stable digital #asset that combines the benefits of cryptocurrencies with the stability of traditional fiat currencies.
#Stablecoin are a type of cryptocurrency that are designed to maintain a stable value, usually #pegged to a fiat currency like the #US dollar. Unlike other cryptocurrencies such as #Bitcoin or #Ethereum, which can experience significant price volatility, stablecoins aim to provide stability and minimize fluctuations in value. They achieve this by backing the value of each coin with #reserves of the pegged fiat currency or other assets.
Stablecoins offer several benefits in the crypto ecosystem. They can be used as a store of value, a medium of #exchange, or a unit of account, providing stability for users and facilitating everyday transactions. Additionally, stablecoins can enable #faster and cheaper #cross-border transactions compared to traditional #banking systems.
Different types of stablecoins exist, including #fiat-collateralized stablecoins, crypto-collateralized stablecoins, and algorithmic stablecoins. Each type has its own mechanism for maintaining price stability.
Overall, stablecoins play a crucial role in the cryptocurrency market, providing a reliable and stable digital #asset that combines the benefits of cryptocurrencies with the stability of traditional fiat currencies.
What is #DEX ?
A #DEX, short for Decentralized Exchange, is a type of cryptocurrency exchange that operates on a #decentralized network, such as a blockchain. Unlike traditional centralized exchanges that rely on a central #authority to facilitate transactions, DEXs enable peer-to-peer trading directly between users. They typically utilize smart contracts and decentralized #protocols to execute trades in a secure and transparent manner.
#DEXs offer several advantages over centralized exchanges, including increased #privacy, reduced reliance on intermediaries, and greater control over one's funds. Since transactions occur directly between #users, there is no need for a centralized party to hold and manage user funds. This enhances security and eliminates the risk of #hacking or theft associated with #centralized exchanges.
DEXs also promote the principles of decentralization and censorship resistance, aligning with the ethos of cryptocurrencies. By leveraging blockchain technology, DEXs enable users to trade digital assets while maintaining ownership and control over their private keys.
Examples of popular DEXs include #Uniswap, #SushiSwap, and #PancakeSwap, each operating on different blockchain networks such as #Ethereum and #Binance Smart Chain.
A #DEX, short for Decentralized Exchange, is a type of cryptocurrency exchange that operates on a #decentralized network, such as a blockchain. Unlike traditional centralized exchanges that rely on a central #authority to facilitate transactions, DEXs enable peer-to-peer trading directly between users. They typically utilize smart contracts and decentralized #protocols to execute trades in a secure and transparent manner.
#DEXs offer several advantages over centralized exchanges, including increased #privacy, reduced reliance on intermediaries, and greater control over one's funds. Since transactions occur directly between #users, there is no need for a centralized party to hold and manage user funds. This enhances security and eliminates the risk of #hacking or theft associated with #centralized exchanges.
DEXs also promote the principles of decentralization and censorship resistance, aligning with the ethos of cryptocurrencies. By leveraging blockchain technology, DEXs enable users to trade digital assets while maintaining ownership and control over their private keys.
Examples of popular DEXs include #Uniswap, #SushiSwap, and #PancakeSwap, each operating on different blockchain networks such as #Ethereum and #Binance Smart Chain.
What is Core Wallet ?
A #Core wallet refers to the original software wallet implementation of a cryptocurrency. It is typically developed and maintained by the core developers or the official team behind the #cryptocurrency. Core wallets provide users with full control over their funds and offer features such as creating new addresses, sending and receiving transactions, and participating in the cryptocurrency's network consensus.
Core #wallets often require users to download and synchronize the entire blockchain of the respective cryptocurrency, which can take time and require significant storage space on the user's device. They are considered to be more secure than other types of #wallets, such as web wallets or mobile wallets, as they do not rely on third-party services or online platforms.
Examples of core wallets include #Bitcoin Core, #Ethereum Core (Geth), and #Litecoin Core. These wallets are typically designed for advanced users who prefer to have direct control over their cryptocurrency holdings and actively participate in the network.
A #Core wallet refers to the original software wallet implementation of a cryptocurrency. It is typically developed and maintained by the core developers or the official team behind the #cryptocurrency. Core wallets provide users with full control over their funds and offer features such as creating new addresses, sending and receiving transactions, and participating in the cryptocurrency's network consensus.
Core #wallets often require users to download and synchronize the entire blockchain of the respective cryptocurrency, which can take time and require significant storage space on the user's device. They are considered to be more secure than other types of #wallets, such as web wallets or mobile wallets, as they do not rely on third-party services or online platforms.
Examples of core wallets include #Bitcoin Core, #Ethereum Core (Geth), and #Litecoin Core. These wallets are typically designed for advanced users who prefer to have direct control over their cryptocurrency holdings and actively participate in the network.
#PayPal launches #stablecoin on #Ethereum, citing 'shift toward digital currencies'
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
π’ #Stablecoins have experienced a persistent decline in supply since April 2022, as redemption commenced following the collapse of LUNA-UST.
Both π #BTC and π΅ #ETH experienced a net inflow of capital since the start of the year, seeing their Realized Cap's climb by up to $6.8B/month (#BTC) and $4.8B/month, respectively.
This Concludes, Stablecoins started losing value since April 2022 due to issues with #LUNA-#UST. #Bitcoin (#BTC) and #Ethereum (#ETH) gained more capital this year, but since late August, things have slowed down for all three. This might mean that the market is uncertain and not moving much."
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
Both π #BTC and π΅ #ETH experienced a net inflow of capital since the start of the year, seeing their Realized Cap's climb by up to $6.8B/month (#BTC) and $4.8B/month, respectively.
This Concludes, Stablecoins started losing value since April 2022 due to issues with #LUNA-#UST. #Bitcoin (#BTC) and #Ethereum (#ETH) gained more capital this year, but since late August, things have slowed down for all three. This might mean that the market is uncertain and not moving much."
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
#ETH / USDT : Chart Analysis
#Ethereum
TF : 4h
Current Price : $2068 level .
Trend : Sideways , Price Consolidation between $1930- $2100 Levels Range .
Strategy : Instead of Forming new high price is facing rejection from previous swing high .
-short term fall is expected .
-Breakeven Short Position once price hit TP-1 and let it run for TP-2 . Or can Book Profits .
Trading Plan :
-Short Entry : $2068
-Targets :
TP-1 : $2005
TP-2 : $1944
-StopLoss : $2131.5
#Ethereum
TF : 4h
Current Price : $2068 level .
Trend : Sideways , Price Consolidation between $1930- $2100 Levels Range .
Strategy : Instead of Forming new high price is facing rejection from previous swing high .
-short term fall is expected .
-Breakeven Short Position once price hit TP-1 and let it run for TP-2 . Or can Book Profits .
Trading Plan :
-Short Entry : $2068
-Targets :
TP-1 : $2005
TP-2 : $1944
-StopLoss : $2131.5
#Ethereum Short-Term Holder sentiment indicator, as reported by Glassnode, has made a significant shift to optimism for the first time since Nov-2021.