Zerotoherochallenge
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I'm bullish too. $SOL is one of those i added at the beginning of my #Zerotoherochallenge and was my first reward here on Binance. It was a Gift in the learn to earn section and it rises a lot and in a solid way.
#Solanaecosystem #SOL🔥🔥🔥🔥
#Solanaecosystem #SOL🔥🔥🔥🔥
LIVE
Cointelegraph
--
Solana Struggles to Recapture $200, but DApp and Derivatives Markets Remain Bullish
Solana’s native token SOL (SOL) experienced a 12.8% increase from March 24 to March 26, only to face a downward correction to $186 afterward. Despite this, investors remain hopeful, citing the surge in activities such as memecoins and airdrops on the Solana network as key factors that could maintain SOL’s positive trajectory and potentially elevate its price above $200.
SOL price succumbed to Bitcoin’s correction and a stricter regulatory environment
In a broader context, the cryptocurrency market faces potential vulnerabilities, particularly after Bitcoin (BTC) failed to hold above the $71,000 mark on March 26. This failure is seen as an indicator of dwindling investor confidence, especially concerning the outflows from spot Bitcoin exchange-traded funds (ETFs). Should institutional investors further reduce their stakes in listed crypto assets, the outlook for SOL and other alternative coins could darken.
Further pressure on SOL’s valuation could stem from recent legal actions by the U.S. Justice Department, which has brought criminal charges against KuCoin exchange and two of its founders. The U.S. Commodity Futures Trading Commission has accused KuCoin of offering unregulated and unlicensed derivatives contracts to U.S. clientele. Prosecutors maintain that the exchange facilitated transactions involving over $5 billion in “suspicious and criminal proceeds.”
Overlooking the short-term implications of Bitcoin's spot ETF flows and regulatory uncertainties, the price of SOL tends to respond favorably to growth within the Solana ecosystem. The successful performance of Solana SPL tokens, highlighted by the popularity of memecoins, has bolstered the blockchain's attractiveness to new projects, thereby sustaining demand for the SOL token.
A 30-day analysis of the Solana network reveals significant increases in user activity and volume, presenting a challenge to a bearish stance on SOL. Solana has notably narrowed the gap with its direct competitor, the BNB Chain (BNB), according to available data.
Top blockchains ranked by 30-day DApp volumes. Source: DappRadar
This data highlights that Solana's decentralized application (DApp) volumes saw a 334% increase in the 30 days leading up to March 26. In comparison, its competitors, BNB Chain and Arbitrum recorded growth rates of 146% and 82%, respectively. Moreover, the Solana network's active addresses surged by 43% to 2.66 million over the same period, outperforming the growth rates of BNB Chain’s 15% and Arbitrum’s 30%.
Derivatives markets reflect inflows to cryptocurrencies and bullish leverage demand for SOL
Forecasting the flows of spot Bitcoin ETFs and the market's response to a stricter regulatory landscape is impossible, so investors should focus on derivatives trading metrics to gauge market sentiment. Specifically, the behavior of perpetual contracts, often called inverse swaps, offers insights. These contracts include an embedded rate to balance leverage. Notably, a negative rate signals stronger demand from short sellers.
SOL perpetual futures 8-hour funding rate. Source: Coinglass
Recent observations highlight a strong leverage demand for bullish positions on SOL, seemingly undeterred by the token’s inability to surpass the $195 mark on March 26.
To further validate whether the inclination toward leveraged long positions mirrors the broader market sentiment, examining the demand for stablecoins in China can be enlightening. This is because such demand serves as an indicator of retail investors’ movements within or outside the cryptocurrency markets. The premium on USD Coin (USDC) transactions, when compared to the official U.S. dollar rate, is particularly telling.
USC Coin (USDC) peer-to-peer trades vs. USD/CNY. Source: OKX
On March 26, the USDC premium in China maintained a level above 3%, indicating a strong demand for converting the local CNY into the USDC stablecoin. This trend suggests sustained interest in cryptocurrencies within China, thereby supporting the optimistic outlook in SOL’s derivatives markets. Although it remains uncertain when SOL will breach the $200 threshold, the current on-chain and derivatives metrics suggest a healthy market environment.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
SOL price succumbed to Bitcoin’s correction and a stricter regulatory environment
In a broader context, the cryptocurrency market faces potential vulnerabilities, particularly after Bitcoin (BTC) failed to hold above the $71,000 mark on March 26. This failure is seen as an indicator of dwindling investor confidence, especially concerning the outflows from spot Bitcoin exchange-traded funds (ETFs). Should institutional investors further reduce their stakes in listed crypto assets, the outlook for SOL and other alternative coins could darken.
Further pressure on SOL’s valuation could stem from recent legal actions by the U.S. Justice Department, which has brought criminal charges against KuCoin exchange and two of its founders. The U.S. Commodity Futures Trading Commission has accused KuCoin of offering unregulated and unlicensed derivatives contracts to U.S. clientele. Prosecutors maintain that the exchange facilitated transactions involving over $5 billion in “suspicious and criminal proceeds.”
Overlooking the short-term implications of Bitcoin's spot ETF flows and regulatory uncertainties, the price of SOL tends to respond favorably to growth within the Solana ecosystem. The successful performance of Solana SPL tokens, highlighted by the popularity of memecoins, has bolstered the blockchain's attractiveness to new projects, thereby sustaining demand for the SOL token.
A 30-day analysis of the Solana network reveals significant increases in user activity and volume, presenting a challenge to a bearish stance on SOL. Solana has notably narrowed the gap with its direct competitor, the BNB Chain (BNB), according to available data.
Top blockchains ranked by 30-day DApp volumes. Source: DappRadar
This data highlights that Solana's decentralized application (DApp) volumes saw a 334% increase in the 30 days leading up to March 26. In comparison, its competitors, BNB Chain and Arbitrum recorded growth rates of 146% and 82%, respectively. Moreover, the Solana network's active addresses surged by 43% to 2.66 million over the same period, outperforming the growth rates of BNB Chain’s 15% and Arbitrum’s 30%.
Derivatives markets reflect inflows to cryptocurrencies and bullish leverage demand for SOL
Forecasting the flows of spot Bitcoin ETFs and the market's response to a stricter regulatory landscape is impossible, so investors should focus on derivatives trading metrics to gauge market sentiment. Specifically, the behavior of perpetual contracts, often called inverse swaps, offers insights. These contracts include an embedded rate to balance leverage. Notably, a negative rate signals stronger demand from short sellers.
SOL perpetual futures 8-hour funding rate. Source: Coinglass
Recent observations highlight a strong leverage demand for bullish positions on SOL, seemingly undeterred by the token’s inability to surpass the $195 mark on March 26.
To further validate whether the inclination toward leveraged long positions mirrors the broader market sentiment, examining the demand for stablecoins in China can be enlightening. This is because such demand serves as an indicator of retail investors’ movements within or outside the cryptocurrency markets. The premium on USD Coin (USDC) transactions, when compared to the official U.S. dollar rate, is particularly telling.
USC Coin (USDC) peer-to-peer trades vs. USD/CNY. Source: OKX
On March 26, the USDC premium in China maintained a level above 3%, indicating a strong demand for converting the local CNY into the USDC stablecoin. This trend suggests sustained interest in cryptocurrencies within China, thereby supporting the optimistic outlook in SOL’s derivatives markets. Although it remains uncertain when SOL will breach the $200 threshold, the current on-chain and derivatives metrics suggest a healthy market environment.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
...and up it goes today $BTC $ETH $SOL
and it pulls the alt-coins up, too!
I'm looking positivly into the Future.
What do you think? Do we get another small bullrun before halving? Leave a comment,please!
#Zerotoherochallenge #BullishFuture
and it pulls the alt-coins up, too!
I'm looking positivly into the Future.
What do you think? Do we get another small bullrun before halving? Leave a comment,please!
#Zerotoherochallenge #BullishFuture
Some of you had seen it already...i stopped the #Zerotoherochallenge right after the first two posts, where i explained my first money gains for money which i invested in crypto.
But why?
So Binance restricted me because of sharing the apps( and especially the referrals) which i used for getting some cash to invest.
At first i was a bit grumpy but you know what? i got over it 😅
So stay tuned and we go right into the first 150 Usd which i used to start up my challenge.
See you later folks!
But why?
So Binance restricted me because of sharing the apps( and especially the referrals) which i used for getting some cash to invest.
At first i was a bit grumpy but you know what? i got over it 😅
So stay tuned and we go right into the first 150 Usd which i used to start up my challenge.
See you later folks!
Like i mentioned yesterday i started the "Zero to Hero" - Challenge. First of all i have to make one or another Statement.
#Zerotoherochallenge #play2earn
#Zerotoherochallenge #play2earn
LIVECpt-Kosmoshout
--
First Step: Accumulating money to invest
I announced it in my last post already: The first step in my "Zero to Hero" - Challenge is getting some money which i can later invest in crypto.
I tested a lot in the last months and finally i get some really interesting ways which i want to share with you.
But first of all i have to made a Statement: I only recover my own way and opinion in that challenge and this is no financial advise. There is a lot of scam in the Internet and i take distance from many apps shown in the advertisments in different gaming apps.
Also be sure: You will not get rich with #Play2Earn but you can get your first bucks to invest and scale it.
Cryptoinvestments are sometimes a bit risky, that is why you should only invest money you don't miss when it is wasted.
So let's get started with the first app, which i discovered tomorrow.
#Zerotoherochallenge #write2earn
I tested a lot in the last months and finally i get some really interesting ways which i want to share with you.
But first of all i have to made a Statement: I only recover my own way and opinion in that challenge and this is no financial advise. There is a lot of scam in the Internet and i take distance from many apps shown in the advertisments in different gaming apps.
Also be sure: You will not get rich with #Play2Earn but you can get your first bucks to invest and scale it.
Cryptoinvestments are sometimes a bit risky, that is why you should only invest money you don't miss when it is wasted.
So let's get started with the first app, which i discovered tomorrow.
#Zerotoherochallenge #write2earn
From Zero to Crypto Hero: A Beginner's Blueprint PART 1.
Embarking on the journey into the world of cryptocurrencies can be both exhilarating and daunting for beginners.
1. Understanding the Basics:
Dive into the fundamentals of what cryptocurrencies are and how they work.
Explore the concept of blockchain, the decentralized ledger that underpins most cryptocurrencies.
2. Getting Started Safely:
Choose reputable cryptocurrency exchanges for buying and selling.
Implement two-factor authentication (2FA) to enhance account security.
3. Wallet Wisdom:
Learn about different types of wallets – hot wallets for regular use and cold wallets for secure storage.
Understand the importance of keeping your private keys secure.
4. Navigating the Cryptocurrency Market:
Grasp the essentials of market cycles and the volatile nature of cryptocurrency prices.
Stay informed about news and developments that impact the crypto market.
5. Crafting Your Investment Strategy:
Set clear investment goals and define your risk tolerance.
Consider dollar-cost averaging as a strategy for consistent investment.
6. Exploring Altcoins:
Diversify your portfolio by exploring various cryptocurrencies beyond Bitcoin.
Research and choose altcoins based on their utility and potential for growth.
7. Staying Informed:
Follow influential figures and reputable sources in the crypto community.
Engage in online forums and communities to share knowledge and insights.
8. Embracing the Long-Term View:
Adopt a patient and long-term perspective in the face of market fluctuations.
Avoid succumbing to FOMO (Fear of Missing Out) and making impulsive decisions.
9. Managing Risks:
Invest only what you can afford to lose.
Diversify your investments to spread risk across different assets.
10. Security Measures: - Regularly update software and wallets to benefit from security patches. - Be cautious of phishing scams and fraudulent schemes.
TO Be Continued.
#KnowledgeSharing #write2earn #Zerotoherochallenge #AirDropSeries
Embarking on the journey into the world of cryptocurrencies can be both exhilarating and daunting for beginners.
1. Understanding the Basics:
Dive into the fundamentals of what cryptocurrencies are and how they work.
Explore the concept of blockchain, the decentralized ledger that underpins most cryptocurrencies.
2. Getting Started Safely:
Choose reputable cryptocurrency exchanges for buying and selling.
Implement two-factor authentication (2FA) to enhance account security.
3. Wallet Wisdom:
Learn about different types of wallets – hot wallets for regular use and cold wallets for secure storage.
Understand the importance of keeping your private keys secure.
4. Navigating the Cryptocurrency Market:
Grasp the essentials of market cycles and the volatile nature of cryptocurrency prices.
Stay informed about news and developments that impact the crypto market.
5. Crafting Your Investment Strategy:
Set clear investment goals and define your risk tolerance.
Consider dollar-cost averaging as a strategy for consistent investment.
6. Exploring Altcoins:
Diversify your portfolio by exploring various cryptocurrencies beyond Bitcoin.
Research and choose altcoins based on their utility and potential for growth.
7. Staying Informed:
Follow influential figures and reputable sources in the crypto community.
Engage in online forums and communities to share knowledge and insights.
8. Embracing the Long-Term View:
Adopt a patient and long-term perspective in the face of market fluctuations.
Avoid succumbing to FOMO (Fear of Missing Out) and making impulsive decisions.
9. Managing Risks:
Invest only what you can afford to lose.
Diversify your investments to spread risk across different assets.
10. Security Measures: - Regularly update software and wallets to benefit from security patches. - Be cautious of phishing scams and fraudulent schemes.
TO Be Continued.
#KnowledgeSharing #write2earn #Zerotoherochallenge #AirDropSeries
It goes on with the literally "First Steps" at the #Zerotoherochallenge . My coincidence to join one of the first #Play2Earn projects to get some Money to invest and how i think about it, you can read in the article below.
Feel free to leave a like or comment.
If you want to join the project use the link for a small extra goodie. 😉
https://sweatco.in/hi/cpt.kosmoshout
#SweatcoinRevolution
$SWEAT
Feel free to leave a like or comment.
If you want to join the project use the link for a small extra goodie. 😉
https://sweatco.in/hi/cpt.kosmoshout
#SweatcoinRevolution
$SWEAT
LIVECpt-Kosmoshout
--
It was a coincidence, but great
My personal experience with SWEAT
At first i introduce you to an app that i found as i looked for a Step-Counter.
Offline i walk a lot and i would know, how much it is for real. And for sure, knew about those scammy apps which promise that you can redeem a lot of cash with only a few steps. It is clear that this is scam but there are some serious ones too.
So i found sweatcoin at first. At that time you could redeem vouchers and more for your sweatcoins BUT shortly after i joined they introduced their Sweat-ecosystem and announced the creation of $SWEAT.
#SWEAT is the web3-token of the Sweat-ecosystem and gives an opportunity to join, i thought. ...and i was right even it had not that big value at this time.
Meanwhile i got a great Number of SWEAT only by walking and with the last #bullruns it has grown more than i expected.
More Info about SWEAT
Here you can find all about SWEAT:
https://sweateconomy.com/
If you want to join the project and walk for crypto, you could use this Link to get some Bonus Sweat: https://sweatco.in/hi/cpt.kosmoshout
At first i introduce you to an app that i found as i looked for a Step-Counter.
Offline i walk a lot and i would know, how much it is for real. And for sure, knew about those scammy apps which promise that you can redeem a lot of cash with only a few steps. It is clear that this is scam but there are some serious ones too.
So i found sweatcoin at first. At that time you could redeem vouchers and more for your sweatcoins BUT shortly after i joined they introduced their Sweat-ecosystem and announced the creation of $SWEAT.
#SWEAT is the web3-token of the Sweat-ecosystem and gives an opportunity to join, i thought. ...and i was right even it had not that big value at this time.
Meanwhile i got a great Number of SWEAT only by walking and with the last #bullruns it has grown more than i expected.
More Info about SWEAT
Here you can find all about SWEAT:
https://sweateconomy.com/
If you want to join the project and walk for crypto, you could use this Link to get some Bonus Sweat: https://sweatco.in/hi/cpt.kosmoshout
First Step: Accumulating money to invest
I announced it in my last post already: The first step in my "Zero to Hero" - Challenge is getting some money which i can later invest in crypto.
I tested a lot in the last months and finally i get some really interesting ways which i want to share with you.
But first of all i have to made a Statement: I only recover my own way and opinion in that challenge and this is no financial advise. There is a lot of scam in the Internet and i take distance from many apps shown in the advertisments in different gaming apps.
Also be sure: You will not get rich with #Play2Earn but you can get your first bucks to invest and scale it.
Cryptoinvestments are sometimes a bit risky, that is why you should only invest money you don't miss when it is wasted.
So let's get started with the first app, which i discovered tomorrow.
#Zerotoherochallenge #write2earn
I tested a lot in the last months and finally i get some really interesting ways which i want to share with you.
But first of all i have to made a Statement: I only recover my own way and opinion in that challenge and this is no financial advise. There is a lot of scam in the Internet and i take distance from many apps shown in the advertisments in different gaming apps.
Also be sure: You will not get rich with #Play2Earn but you can get your first bucks to invest and scale it.
Cryptoinvestments are sometimes a bit risky, that is why you should only invest money you don't miss when it is wasted.
So let's get started with the first app, which i discovered tomorrow.
#Zerotoherochallenge #write2earn
My way to the sky - Introduction (Part1)
Hey everyone,
I wanna kick off a journey with you all. I've been trading in crypto coins since 2018, but haven't had much luck so far. There have been plenty of hurdles and setbacks along the way, but I've learned a lot from them.
This won't be a guide! I'm not promising millions or fast riches like some folks try to sell us on.
Sure, this industry makes a lot of people wealthy, but it makes even more people poor! And that's how these supposed Samaritans keep boosting their wealth.
Let me share my first big mistake with you:
Remember all those pyramid schemes and their collapses in the past? Back then, those folks ended up in jail; today, they're telling you which coin to buy! We all know the scam, but these individuals often wield so much influence due to their status that we keep ignoring it.
NO ONE's giving you a tip to make YOU wealthy!
When the value goes up, the supposed samaritan sells their stash and takes YOUR money! You panic-sell out of emotion and end up even poorer than before.
Stay away from these people, unless you're savvy enough to sell before they do and be content with a 5% gain!
I'm starting this journey with about $1500 in this wallet, money I'm willing to lose without going broke. In 2019, I lost around $4000, which hit me hard, but I only learned from it much later.
Don't play with money you can't afford to lose!
That just leads to making rookie mistakes! You gotta detach emotionally from the money.
Follow me to watch my journey to the sky (or maybe a total crash?).
In the next post, I'll introduce myself properly. I'd love to meet people like me on the same journey there, so feel free to introduce yourselves too!
#Zerotoherochallenge #altcoins #inspiration #liveauthentic #Happiness
Check out the other parts of "my way" here:
My way to the sky - Introduction (Part1)
My way to the sky - Introduce yourself (Part2)
My way to the sky - No time to get rich (Part3 preview)
I wanna kick off a journey with you all. I've been trading in crypto coins since 2018, but haven't had much luck so far. There have been plenty of hurdles and setbacks along the way, but I've learned a lot from them.
This won't be a guide! I'm not promising millions or fast riches like some folks try to sell us on.
Sure, this industry makes a lot of people wealthy, but it makes even more people poor! And that's how these supposed Samaritans keep boosting their wealth.
Let me share my first big mistake with you:
Remember all those pyramid schemes and their collapses in the past? Back then, those folks ended up in jail; today, they're telling you which coin to buy! We all know the scam, but these individuals often wield so much influence due to their status that we keep ignoring it.
NO ONE's giving you a tip to make YOU wealthy!
When the value goes up, the supposed samaritan sells their stash and takes YOUR money! You panic-sell out of emotion and end up even poorer than before.
Stay away from these people, unless you're savvy enough to sell before they do and be content with a 5% gain!
I'm starting this journey with about $1500 in this wallet, money I'm willing to lose without going broke. In 2019, I lost around $4000, which hit me hard, but I only learned from it much later.
Don't play with money you can't afford to lose!
That just leads to making rookie mistakes! You gotta detach emotionally from the money.
Follow me to watch my journey to the sky (or maybe a total crash?).
In the next post, I'll introduce myself properly. I'd love to meet people like me on the same journey there, so feel free to introduce yourselves too!
#Zerotoherochallenge #altcoins #inspiration #liveauthentic #Happiness
Check out the other parts of "my way" here:
My way to the sky - Introduction (Part1)
My way to the sky - Introduce yourself (Part2)
My way to the sky - No time to get rich (Part3 preview)
From Zero to Crypto Hero: A Beginner's Blueprint Part 2.
Let continue.
11. Practical Tips for Transactions: - Test transactions with small amounts to gain confidence. - Understand and be mindful of transaction fees on different blockchain networks.
12. Learning Resources: - Explore online courses and educational materials to deepen your understanding. - Read whitepapers to grasp the technical details of specific cryptocurrencies.
13. Networking and Collaboration: - Attend conferences and events to expand your network within the crypto community. - Collaborate with others to share experiences and insights.
14. Building Privacy and Security: - Use virtual private networks (VPNs) to enhance online privacy. - Regularly update passwords and ensure the physical security of your devices.
15. Tracking and Record-Keeping: - Use portfolio tracking tools to monitor your investments. - Maintain detailed records of your transactions and investments.
16. Engaging with Decentralized Finance (DeFi): - Learn about decentralized finance and explore opportunities within the DeFi space. - Understand the risks and rewards associated with DeFi platforms.
17. Future Trends and Innovations: - Stay curious and open to ongoing learning as the crypto space evolves. - Explore emerging trends such as NFTs, decentralized applications (DApps), and more.
18. Celebrating Milestones: - Acknowledge and celebrate your milestones and achievements in the crypto space. - Share your knowledge and experiences with others to contribute to the broader community.
Remember, learning about crypto is an ongoing journey, so take your time, stay curious, and enjoy the process! 🚀🌟
#CryptoTrending #Write&Earn #Zerotoherochallenge
Let continue.
11. Practical Tips for Transactions: - Test transactions with small amounts to gain confidence. - Understand and be mindful of transaction fees on different blockchain networks.
12. Learning Resources: - Explore online courses and educational materials to deepen your understanding. - Read whitepapers to grasp the technical details of specific cryptocurrencies.
13. Networking and Collaboration: - Attend conferences and events to expand your network within the crypto community. - Collaborate with others to share experiences and insights.
14. Building Privacy and Security: - Use virtual private networks (VPNs) to enhance online privacy. - Regularly update passwords and ensure the physical security of your devices.
15. Tracking and Record-Keeping: - Use portfolio tracking tools to monitor your investments. - Maintain detailed records of your transactions and investments.
16. Engaging with Decentralized Finance (DeFi): - Learn about decentralized finance and explore opportunities within the DeFi space. - Understand the risks and rewards associated with DeFi platforms.
17. Future Trends and Innovations: - Stay curious and open to ongoing learning as the crypto space evolves. - Explore emerging trends such as NFTs, decentralized applications (DApps), and more.
18. Celebrating Milestones: - Acknowledge and celebrate your milestones and achievements in the crypto space. - Share your knowledge and experiences with others to contribute to the broader community.
Remember, learning about crypto is an ongoing journey, so take your time, stay curious, and enjoy the process! 🚀🌟
#CryptoTrending #Write&Earn #Zerotoherochallenge
