Athene Network's mobile app is available for download on both iOS and Android devices. Search for "Athene Network" on the App Store or Google Play Store and install the app.
2. Sign Up and Registration:
Once you've installed the app, open it and proceed with the sign-up process. During registration, you'll be prompted to enter a referral code. Use the code 154e8067d198 to support me and get a bonus upon successful registration.
3. Start Mining GEMs:
After registering, you can start mining GEMs, the in-app currency of Athene Network. GEMs can be converted to ATH, Athene Network's native token. There are various ways to mine GEMs:
Daily Attendance: Claim your daily bonus by logging in to the app every day.
Daily Mining: The app allows you to continuously mine GEMs.
Quests: Complete various tasks and challenges to earn additional GEMs.
4. Boost Your Earnings (Optional):
While the basic mining features are free, you can upgrade your account to a premium package for faster mining speeds and additional benefits like profit sharing.
5. Withdraw Your Earnings:
Once you've accumulated enough GEMs, you can convert them to ATH and withdraw them to your crypto wallet.
By following these steps, you can start mining GEMs on Athene Network and potentially earn ATH tokens. Remember to use the referral code 154e8067d198 during registration to get a bonus.
Note: This is not financial advice, and you should always do your own research before investing in any cryptocurrency.
Here's a quick overview of token drawdowns compared to their local highs across different narratives: Layer 1s: - $BTC down 5% - $ETH down 15% - $SEI down 42% - $SOL down 18% - $APT down 37% - $AVAX down 29% - $FTM down 25% - $INJ down 39% - $MINA down 40% - $NEAR down 23% - $SUI down 31% - $RON down 18% - $NEON down 63% Modular Blockchains: - $TIA down 48% - $DYM down 46% - $CTSI down 41% - $SAGA down 35% - $ZETA down 42% Layer 2s: - $ARB down 40% - $OP down 39% - $STX down 21% - $METIS down 41% - $IMX down 31% - $MANTA down 35% - $MATIC down 33% - $MNT down 18% - $SKL down 16% - $STRK down 31% Layer 3s: - $DEGEN down 45% AI: - $OLAS down 50% - $RNDR down 35% - $AGI down 52% - $TAO down 10% - $FET down 27% - $AI down 41% Gaming / NFT: - $PIXEL down 32% - $PRIME down 23% - $BLUR down 38% - $MANA down 26% - $AXS down 30% - $SAND down 26% - $RLB down 53% Oracles: - $PYTH down 32% - $LINK down 25% Memes: - $WIF down 27% - $DOG down 12% - $SHIB down 40% - $DOGE down 16% - $PEPE down 36% - $MYRO down 51% DePin: - $AR down 35% - $FIL down 32% RWA: - $ONDO down 28% - $MPL down 21% Liquid Staking: - $JTO down 30% - $LDO down 37% DeFi: - $PENDLE down 2% - $ENA down 3% - $AAVE down 23% - $COMP down 32% - $CRV down 32% - $SNX down 27% - $RUNE down 39% - $UNI down 45% - $JUP down 30% - $SUSHI down 33% - $AEVO down 37% - $DYDX down 34% CEX: - $CRO down 21% - $LEO down 5% - $KCS down 35% - $OKB down 23% Bridges: - $W down 56% - $SYN down 36% Observations: - Layer 1s holding relatively better than other infrastructure tokens - Modular blockchain tokens taking a hit - Layer 2s performing averagely except for a few outliers - AI coins like $TAO gaining momentum again - Possibility of modular tokens and $SEI following $TAO 's lead soon - Top memecoins likely to remain in a supercycle with some quality projects catching up - Certain tokens leading the DeFi/RWA narratives, others sluggish unless new proposals emerge - Bullish outlook for $SUI & $RON, promising R:R for the rest of the cycle
In the realm of cryptocurrency trading, mastering technical analysis tools is paramount for informed decision-making and maximizing profitability. Among these tools stands the Relative Strength Index (RSI), a potent momentum oscillator developed by J. Welles Wilder, widely acclaimed for its efficacy in identifying overbought and oversold conditions of assets.
Understanding RSI
RSI calculates the ratio of upward to downward price movements over a specified period, typically 14 days. It oscillates between 0 and 100, with values above 70 indicating overbought conditions and those below 30 suggesting oversold conditions.
Key Concepts: Overbought and Oversold
Overbought: RSI above 70 signifies an asset potentially overbought, hinting at a price correction or reversal. Oversold: Conversely, RSI below 30 indicates an asset possibly oversold, signaling a rebound or reversal.
Practical Application in Crypto Trading 1.Identifying Trend Reversals Traders leverage RSI to detect trend reversals by observing divergence between RSI and price movements. Bullish divergence (new low in price, higher RSI) may herald an upward reversal, while bearish divergence (new high in price, lower RSI) suggests a downturn.
2.Confirming Trends: RSI acts as a trend strength indicator, remaining above 50 in uptrends and below 50 in downtrends. Traders use RSI crossing above or below 50 to confirm trend direction for entry or exit signals.
3.Setting Entry and Exit Points: Integrating RSI with other indicators and price action analysis aids in establishing optimal entry and exit points. For instance, entering a long position when RSI signals oversold conditions or exiting a short position when RSI indicates overbought conditions.
Conclusion
RSI is a potent ally for crypto traders, offering insights into market dynamics and trade opportunities. By mastering RSI interpretation and incorporating it into their strategies, traders can elevate their decision-making prowess and navigate the complexities of cryptocurrency trading with confidence.