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@CRYPTOMECHANIC
Trading Crypto Since 2016 | Mainly Focused on Technical analysis 🟢 Twitter @cryptomechanicX
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Everything You Need To Know About Simon's Cat |Binance HODLer Airdrop
Crypto market is full of memecoins as new memecoins are launching every day and somehow people are now more interested in trading memecoins. Beside that there are only a few who make it to binance listing and Simon's Cat is one of a few and this is what we will discuss in this article.
Simon's cat was also airdropped to the BNB holders. I will also share how you can get future airdrops on binance. Let's dig into it.
What is Simon's Cat?
Simon’s Cat Token represents the seamless integration of t
Simon's cat was also airdropped to the BNB holders. I will also share how you can get future airdrops on binance. Let's dig into it.
What is Simon's Cat?
Simon’s Cat Token represents the seamless integration of t
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A Deep Dive Into Pengu Token & Binance Hodler Airdrop
The $PENGU token is all over the internet since it's launched. You might be wondering what's this token and why is it so famous.
As the token is listed on Binance so let’s explore more about PENGU. This was also airdropped to BNB holders. We will discuss how you can get free airdrops.
What is Pengu?
PENGU is the official token of the Pudgy Penguins NFT collection
The Pudgy Penguins project has long been a symbol of positivity and innovation within the NFT and crypto space. Known for its iconic
As the token is listed on Binance so let’s explore more about PENGU. This was also airdropped to BNB holders. We will discuss how you can get free airdrops.
What is Pengu?
PENGU is the official token of the Pudgy Penguins NFT collection
The Pudgy Penguins project has long been a symbol of positivity and innovation within the NFT and crypto space. Known for its iconic
$USUAL Slowed down while everything else moved. I said it yesterday stop chasing when it was at the peak and everything else was at the lows.
This is what the majority of traders do. First they chase things and then they say.
"I don't know why every time i sell it goes up and when i buy it goes down."
This is what the majority of traders do. First they chase things and then they say.
"I don't know why every time i sell it goes up and when i buy it goes down."
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Just get to know that people are selling their other Alts to buy $USUAL because it's going up.
Why would you even do that? stop chasing other coins just because you want to recover your losses.
it's very likely that you are selling the bottom and buying the top.
Why would you even do that? stop chasing other coins just because you want to recover your losses.
it's very likely that you are selling the bottom and buying the top.
7 years ago today Bitcoin dumped 30% in one day from $15.7k to 10.8k and i was witnessing it live 😄
And today we witnessed it on Altcoins.
And today we witnessed it on Altcoins.
i Was going through 2021 Bull market and found that Altcoins Dropped 50-60% on average in 2021 bull market and it goes for new highs again.
Take a look at the pictures i attached.
$ETH dropped 60% despite being the second biggest crypto.
$SOL did almost 50% and $DOT faced 78% dump.
We are in a similar situation right now I don't know if we will see new highs on every Altcoin. Not every coin will make it that far but i do know we are still in a bull market as long as Bitcoin is holding fine and I don't see any changes on BTC.
Take a look at the pictures i attached.
$ETH dropped 60% despite being the second biggest crypto.
$SOL did almost 50% and $DOT faced 78% dump.
We are in a similar situation right now I don't know if we will see new highs on every Altcoin. Not every coin will make it that far but i do know we are still in a bull market as long as Bitcoin is holding fine and I don't see any changes on BTC.
We'll discuss Altcoins on monday.
I want to see some High timeframe closes before i post the charts.
Monday new weekly opens so we will have a better picture.
Enjoy your weekend and do not get liquidated :)
I want to see some High timeframe closes before i post the charts.
Monday new weekly opens so we will have a better picture.
Enjoy your weekend and do not get liquidated :)
$BTC If you watched today's stream i did a few hours before.
you know this chart
you know this chart
Just get to know that people are selling their other Alts to buy $USUAL because it's going up.
Why would you even do that? stop chasing other coins just because you want to recover your losses.
it's very likely that you are selling the bottom and buying the top.
Why would you even do that? stop chasing other coins just because you want to recover your losses.
it's very likely that you are selling the bottom and buying the top.
My friend just deposited fresh cash to buy more Altcoins. He is trading for 8 years and he is a very profitable trader.
Is it a right decision?
Is it a right decision?
Never seen Market this dead before.
I mean it would be ok if it was bear market but it's happening during the bull market.
So crazy
I mean it would be ok if it was bear market but it's happening during the bull market.
So crazy
I wrote a brief article on $USUAL when it was listed.
if you want to know what the project is, you can read this article 👇🏻
if you want to know what the project is, you can read this article 👇🏻
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A Deep Dive Into Usual | The Un-tethered & RWA Era
We are in crypto bull market and it always represents a different opportunities that we can dig into and take the advantage. Just like that there is going to be a new coin and it will be listed on Binance soon.
I am talking about the new Binance Launchpool ( #USUAL ) token it will be listed on binance soon along with pre-market trading (starting soon). You also have the opportunity to farm tokens by locking BNB and FDUSD.
But before that let's Dive into Usual project and see what's it's all about.
What is Usual?
Usual is a new type of decentralized stablecoin issuer, which means it offers a stable currency tied to fiat money, like the dollar, but it’s not controlled by a single company. Instead, Usual redistributes ownership and governance to everyone holding its token, USUAL.
Usual doesn’t just hold fiat money for stability; it uses Real-World Assets (RWAs), like investments from huge companies such as BlackRock, Ondo, and Mountain Protocol. These assets are transformed into a stablecoin called USD0, which is verifiable on the blockchain and doesn’t require permission from a single authority to use.
Usual was Launched three months ago, it has now grown to $423M TVL and 256k users. The protocol raised $7M overall and is backed by 160 investors.
What makes USUAL different?
The key elements that makes Usual from others are
- The Stablecoin Problem:
Stablecoins such as USDT and USDC generate significant profits (6B+ in 2023), yet the value they create is retained by a small group of shareholders. These entities operate similarly to centralized banks, privatizing profits while socializing risks.
Most tokens that they are speculative, serving insiders and diluting users. As a result, users hold tokens that continuously lose value.
**Here is what makes Usual different**
The USUAL token is the backbone of the Usual platform, serving as a means of governance, value distribution, and access to the platform’s features.Usual’s flagship product, the USD0USD0 stablecoin, provides a stable and reliable alternative to traditional fiat currencies, empowering users to transact with confidence.Usual’s innovative model allows users to become part-owners of the stablecoin issuer, redistributing value and control to the community.Usual is designed to enable a new era of financial dom, untethering users from the constraints of traditional banking systems and empowering them to take control of their financial future.
USUAL Token Usecase
Governance Rights: USUAL holders have a voice in protocol decisions, including treasury management and voting on protocol upgrades.
Yield-Bearing Opportunities: By holding or staking USD0++, users receive yields in USUAL tokens, aligning incentives with long-term platform growth.
Liquidity incentives: USUAL tokens can be used to vote on the allocation of LP rewards. This mechanism ensures effective incentivization of liquidity providers, allowing stakeholders to direct rewards to specific pools they support, enhancing the protocol’s liquidity and efficiency while giving extra utility value to the token.Disinflationary issuance: Issuance of USUAL is tied to the TVL of staked USD0 (USD0++), creating scarcity as new TVL enters the system.
Products that Usual is offering
currently usual is offering three products to it's users.
1- Usual Stablecoin (USD0)
Designed for payments, trading counterparty, and collateral use. USD0 is a stablecoin fully backed 1:1 by Real-World Assets (RWA) like US Treasury Bills. It provides users with a stable, secure asset that is independent of traditional banking systems, fully transferable, and accessible within the DeFi ecosystem.
2- Usual Liquid Staking Token (USD0++)
A yield-generating product: USD0++ is a liquid staking version of USD0, acting like a savings account for Real-World Assets with a 4-year lock-up. It offers rewards while remaining transferable, with $USUAL rewards incentivizing the growth and adoption of USD0.
And the 3rd product is it's governance token which is USUAL that will be listed on binance soon.
**USUAL Tokenomics**
Total and Maximum Token Supply: 4,000,000,000 (4 Billion)
Initial Circulating Supply When Listed on Binance: 494,600,000 (494M)
90% of USUAL tokens are distributed to the community, ensuring a fair and equitable distribution mechanism.
USUAL will be distributed among USD0++ holders, LPs, staking, and other products, with 90% allocated to the community.
This also includes the community airdrop and Binance launchpool reward.
Here is the detailed list
And here is how they will unlock the supply going forward.
USUSAL Price Prediction
When a new project comes we all get interested in what will be the price at the time of it's launch. So lets do some math and predict the price.
The average marketcap of newly listed project on binance is usually between $220M to $350M
if usual launches at this average marketcap i think the price will be around $0.4450 - $0.7100
The prediction is based on the previous history so i can be wrong.
Here is how you can get free usual tokens via #USUALonLaunchpool
We all like to have free money and if you are a holder of BNB or FDUSD you can have it by staking your $BNB and FDUSD. Or you can buy BNB and FDUSD and stake it to get usual tokens.
Here is the simple method simply go to the below links depending on what you have and stake it.
Get Usual Tokens by staking FDUSD 👈
Get usual token by staking BNB 👈
Usual token will also be available to trade in the premarket before the official spot listing.
I hope you Liked the detail i shared
STAY INFORMED
I am talking about the new Binance Launchpool ( #USUAL ) token it will be listed on binance soon along with pre-market trading (starting soon). You also have the opportunity to farm tokens by locking BNB and FDUSD.
But before that let's Dive into Usual project and see what's it's all about.
What is Usual?
Usual is a new type of decentralized stablecoin issuer, which means it offers a stable currency tied to fiat money, like the dollar, but it’s not controlled by a single company. Instead, Usual redistributes ownership and governance to everyone holding its token, USUAL.
Usual doesn’t just hold fiat money for stability; it uses Real-World Assets (RWAs), like investments from huge companies such as BlackRock, Ondo, and Mountain Protocol. These assets are transformed into a stablecoin called USD0, which is verifiable on the blockchain and doesn’t require permission from a single authority to use.
Usual was Launched three months ago, it has now grown to $423M TVL and 256k users. The protocol raised $7M overall and is backed by 160 investors.
What makes USUAL different?
The key elements that makes Usual from others are
- The Stablecoin Problem:
Stablecoins such as USDT and USDC generate significant profits (6B+ in 2023), yet the value they create is retained by a small group of shareholders. These entities operate similarly to centralized banks, privatizing profits while socializing risks.
Most tokens that they are speculative, serving insiders and diluting users. As a result, users hold tokens that continuously lose value.
**Here is what makes Usual different**
The USUAL token is the backbone of the Usual platform, serving as a means of governance, value distribution, and access to the platform’s features.Usual’s flagship product, the USD0USD0 stablecoin, provides a stable and reliable alternative to traditional fiat currencies, empowering users to transact with confidence.Usual’s innovative model allows users to become part-owners of the stablecoin issuer, redistributing value and control to the community.Usual is designed to enable a new era of financial dom, untethering users from the constraints of traditional banking systems and empowering them to take control of their financial future.
USUAL Token Usecase
Governance Rights: USUAL holders have a voice in protocol decisions, including treasury management and voting on protocol upgrades.
Yield-Bearing Opportunities: By holding or staking USD0++, users receive yields in USUAL tokens, aligning incentives with long-term platform growth.
Liquidity incentives: USUAL tokens can be used to vote on the allocation of LP rewards. This mechanism ensures effective incentivization of liquidity providers, allowing stakeholders to direct rewards to specific pools they support, enhancing the protocol’s liquidity and efficiency while giving extra utility value to the token.Disinflationary issuance: Issuance of USUAL is tied to the TVL of staked USD0 (USD0++), creating scarcity as new TVL enters the system.
Products that Usual is offering
currently usual is offering three products to it's users.
1- Usual Stablecoin (USD0)
Designed for payments, trading counterparty, and collateral use. USD0 is a stablecoin fully backed 1:1 by Real-World Assets (RWA) like US Treasury Bills. It provides users with a stable, secure asset that is independent of traditional banking systems, fully transferable, and accessible within the DeFi ecosystem.
2- Usual Liquid Staking Token (USD0++)
A yield-generating product: USD0++ is a liquid staking version of USD0, acting like a savings account for Real-World Assets with a 4-year lock-up. It offers rewards while remaining transferable, with $USUAL rewards incentivizing the growth and adoption of USD0.
And the 3rd product is it's governance token which is USUAL that will be listed on binance soon.
**USUAL Tokenomics**
Total and Maximum Token Supply: 4,000,000,000 (4 Billion)
Initial Circulating Supply When Listed on Binance: 494,600,000 (494M)
90% of USUAL tokens are distributed to the community, ensuring a fair and equitable distribution mechanism.
USUAL will be distributed among USD0++ holders, LPs, staking, and other products, with 90% allocated to the community.
This also includes the community airdrop and Binance launchpool reward.
Here is the detailed list
And here is how they will unlock the supply going forward.
USUSAL Price Prediction
When a new project comes we all get interested in what will be the price at the time of it's launch. So lets do some math and predict the price.
The average marketcap of newly listed project on binance is usually between $220M to $350M
if usual launches at this average marketcap i think the price will be around $0.4450 - $0.7100
The prediction is based on the previous history so i can be wrong.
Here is how you can get free usual tokens via #USUALonLaunchpool
We all like to have free money and if you are a holder of BNB or FDUSD you can have it by staking your $BNB and FDUSD. Or you can buy BNB and FDUSD and stake it to get usual tokens.
Here is the simple method simply go to the below links depending on what you have and stake it.
Get Usual Tokens by staking FDUSD 👈
Get usual token by staking BNB 👈
Usual token will also be available to trade in the premarket before the official spot listing.
I hope you Liked the detail i shared
STAY INFORMED
it's been two days since $1000CAT (Simon's Cat) Listed on Binance and it's always good to have some important information of a project including what the project do, usecase and the future plans.
Here is the most amount of information about the movement token.
**What is Simon’s Cat?**
A Web3 token based on the iconic Simon’s Cat IP by Simon Tofield, blending Web2 familiarity with Web3 innovation to engage fans and promote blockchain adoption.
**Key Features**
Hybrid Integration: Combines Web2 and Web3 for seamless user experiences.
Community-Driven: Rewards, exclusive events, and interactive content.
Global Accessibility: Multi-chain presence on BNB Chain and Solana.
Social Responsibility: Supports animal welfare through donations and partnerships.
**Utility & Tokenomics:**
Multi-Chain Compatibility: Expands earning and trading options.
Low-Cost Transactions: Powered by BNB Chain and Solana.
Revenue-Based Burns: App-generated revenue funds token buyback and burn.
Charitable Efforts: Supports animal welfare via the Simon’s Cat Foundation.
**Tokenomics**
Total Supply: 9T (10% burned; 8.1T remaining).
Circulating Supply on Binance: 6.75T (1.14T Binance hodler airdrop).
$1000CAT tokens were airdropped to users holding BNB and subscribed to Simple earn.
I have shared in depth analysis of the project in this article you can give it a read . 👇
Everything You Need to know about CAT
Here is the most amount of information about the movement token.
**What is Simon’s Cat?**
A Web3 token based on the iconic Simon’s Cat IP by Simon Tofield, blending Web2 familiarity with Web3 innovation to engage fans and promote blockchain adoption.
**Key Features**
Hybrid Integration: Combines Web2 and Web3 for seamless user experiences.
Community-Driven: Rewards, exclusive events, and interactive content.
Global Accessibility: Multi-chain presence on BNB Chain and Solana.
Social Responsibility: Supports animal welfare through donations and partnerships.
**Utility & Tokenomics:**
Multi-Chain Compatibility: Expands earning and trading options.
Low-Cost Transactions: Powered by BNB Chain and Solana.
Revenue-Based Burns: App-generated revenue funds token buyback and burn.
Charitable Efforts: Supports animal welfare via the Simon’s Cat Foundation.
**Tokenomics**
Total Supply: 9T (10% burned; 8.1T remaining).
Circulating Supply on Binance: 6.75T (1.14T Binance hodler airdrop).
$1000CAT tokens were airdropped to users holding BNB and subscribed to Simple earn.
I have shared in depth analysis of the project in this article you can give it a read . 👇
Everything You Need to know about CAT
Once this is over there will be some great opportunities for the next leg up.
so make sure you don't blow your accounts using high leverage trying to guess where the bottom is.
so make sure you don't blow your accounts using high leverage trying to guess where the bottom is.
It's a pretty good Spot to deploy some Capital in the market in my opinion
40 -50% discount on average is so good.
40 -50% discount on average is so good.
If you're holding Altcoins on Spot, I don't think you should panic knowing that Altcoins are down 40-50% on average from the last peak.
It's not going to zero. this is the third sell off without any significant bounce. I do think there will be a good bounce soon.
Remember we are still in bull market , $BTC Is still close to $100k.
If you're on Spot, Take no worries.
It's not going to zero. this is the third sell off without any significant bounce. I do think there will be a good bounce soon.
Remember we are still in bull market , $BTC Is still close to $100k.
If you're on Spot, Take no worries.
Got a few comments asking me if I'm buying or not.
No not buying. I probably won't do anything until next week.
No not buying. I probably won't do anything until next week.
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You might be waiting for me to post if I'm buying anything like i always do when the market is dipping hard.
No I'm not buying. My last buying was from the same zone so I'm not too bothered to buy again at the same price.
No I'm not buying. My last buying was from the same zone so I'm not too bothered to buy again at the same price.
Based on the current market situation , I would suggest you to study this article on market structure.
If you're holding Altcoins. Apply this on your Altcoin charts. Preferably Daily and weekly charts.
If you're holding Altcoins. Apply this on your Altcoin charts. Preferably Daily and weekly charts.
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How To Identify The Market Trends | Bullish , Bearish Or Shift In Structure
Crypto is a trending market when it catches a trend it usually keeps going into that direction and this is why it is so important to know how you can identify if the trend is bullish or bearish or it's about to shift into the opposite direction.
Identifying The Bullish trend
To identify a trend it's always better to start from the high timeframes because it doesn't matter what's going on in the lower timeframe it will end up going into high timeframe direction. That means you can use the lower timeframe price action to execute on your high timeframe setup.
The best timeframe is 1Day and weekly chart.
Now let's have a look at how bullish trend looks like
When the trend is bullish you will see price is continuously creating higher highs and the higher lows. This is an indication that the trend is bullish.
Here is the live example of the trend.
Look at the chart above. Price didn't break any of the low and this is your confirmation that the uptrend is still intact and you can continue to be bullish on it.
Where can you enter your trade?
Nothing goes up in a straight line. Lower time frames will provide you pullbacks while high time frame just consolidate. for example look at the chart below
It looks like the high timeframe is just consolidating but it's actually a 32% price drop which you can catch using the lower timeframe charts.
When price drops into high timeframe key zone (Previous higher low) that area can provide you an entry trigger and the target will be new highs.
Identifying the bearish trend
As the same as bullish trend but in an opposite way
When the price is creating lower highs and the lower lows this shows the trend is bearish.
Here is the live example.
Where can you enter your trade?
If you're interested to short the market when the market is bearish. The method is the same as trading in the bull market. When lower timeframe gives you a bounce into the high timeframe lower high zone. You can look for a short trigger there and the target will be new lows.
Identifying the Trend Shift
No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
How can you identify a trend shift?
it's quite simple you can use the same trend strategy you were using to identify bullish and bearish trend.
When bullish trend breaks
when the market breaks a bullish trend you will see it will break below the higher low. Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Here is the live example when price broke under the higher low
When Bearish Trend Breaks
Similarly when the price breaks above the lower highs it indicates that the trend is now shifting from bearish to bullish.
Here is the live chart example
This is exactly how you can identify different market trends.
Just be bullish when the trend is bullish and be bearish when the trend is bearish.
Shift your bias when the trend shifts.
This is the only way to survive and be a profitable trader.
I hope you learned something from this article.Your feedback will be appreciated
Identifying The Bullish trend
To identify a trend it's always better to start from the high timeframes because it doesn't matter what's going on in the lower timeframe it will end up going into high timeframe direction. That means you can use the lower timeframe price action to execute on your high timeframe setup.
The best timeframe is 1Day and weekly chart.
Now let's have a look at how bullish trend looks like
When the trend is bullish you will see price is continuously creating higher highs and the higher lows. This is an indication that the trend is bullish.
Here is the live example of the trend.
Look at the chart above. Price didn't break any of the low and this is your confirmation that the uptrend is still intact and you can continue to be bullish on it.
Where can you enter your trade?
Nothing goes up in a straight line. Lower time frames will provide you pullbacks while high time frame just consolidate. for example look at the chart below
It looks like the high timeframe is just consolidating but it's actually a 32% price drop which you can catch using the lower timeframe charts.
When price drops into high timeframe key zone (Previous higher low) that area can provide you an entry trigger and the target will be new highs.
Identifying the bearish trend
As the same as bullish trend but in an opposite way
When the price is creating lower highs and the lower lows this shows the trend is bearish.
Here is the live example.
Where can you enter your trade?
If you're interested to short the market when the market is bearish. The method is the same as trading in the bull market. When lower timeframe gives you a bounce into the high timeframe lower high zone. You can look for a short trigger there and the target will be new lows.
Identifying the Trend Shift
No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
How can you identify a trend shift?
it's quite simple you can use the same trend strategy you were using to identify bullish and bearish trend.
When bullish trend breaks
when the market breaks a bullish trend you will see it will break below the higher low. Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Here is the live example when price broke under the higher low
When Bearish Trend Breaks
Similarly when the price breaks above the lower highs it indicates that the trend is now shifting from bearish to bullish.
Here is the live chart example
This is exactly how you can identify different market trends.
Just be bullish when the trend is bullish and be bearish when the trend is bearish.
Shift your bias when the trend shifts.
This is the only way to survive and be a profitable trader.
I hope you learned something from this article.Your feedback will be appreciated
$WRX getting Delisted
They closed down the operations or what? I don't have much information as i wasn't interested in this token. But i do know it was an indian exchange if I'm not wrong.
They closed down the operations or what? I don't have much information as i wasn't interested in this token. But i do know it was an indian exchange if I'm not wrong.