Vai esat gatavs papildināt savu zināšanu banku un palielināt izredzes gūt panākumus vēršu skrējienā? Paņemiet tasi kafijas un darīsim to Gatavs?? 1. BITCOIN NEDAĻA TEVI SUPERBAGĀTU. Bitcoin parasti pieņem visi tirgotāji. Iespējams, tāpēc, ka tā ir pirmā kriptovalūta un tiek uzskatīta par karali. Un arī tāpēc, ka tagad tas ir izrādījies drošs patvērums, ne tikai riskants ieguldījums. Bet.... Ja jūs tikko sākat savu kriptovalūtu ceļojumu vai jūsu portfelis ir mazāks par 10 000 USD, bitcoin nav paredzēts jums. Atstājiet to lielajiem zēniem.
Sui (SUI) cena tuvākajā nākotnē varētu pieaugt par 50%,
Lūk, kāpēc?
Sui (SUI) cena ir pārsniegusi ilgtermiņa modeli un apstiprināja iepriekšējo ievērojamo pretestības zonu kā atbalstu. Paredzams, ka tuvākajā nākotnē tas turpinās pieaugt.Ikdienas OutlookSui (SUI) tiek tirgots krītošā ķīļa robežās kopš 2023. gada 10. jūnija. Tas ir strauji mainīgs modelis, kas vairumā gadījumu bieži noved pie pārrāvumiem.Patiešām, SUI cena 28. oktobrī pārcēlās virs ķīļveida modeļa, iezīmējot lejupslīdes beigas.Pēc tam cena turpināja pieaugt un izrāvās virs svarīgās pretestības zonas pie 0.51 USD. Vakar tas apstiprināja šo zonu kā atbalstu (zaļā bultiņa) un izveidoja bullish iesūkšanas rakstu.
Kas ir Ričards Tengs? Binance jaunais izpilddirektors?
22. novembra agrās stundās kopienu satricināja apgalvojumi par Binance un tās dibinātāju CZ, Viņš tika apsūdzēts par nelikumīgi iegūtu līdzekļu legalizācijas novēršanas likumu pārkāpšanu. Neilgi pēc tam CZ paziņoja par atkāpšanos no amata, ieceļot Ričardu Tenu par jauno izpilddirektoru.Saskaņā ar AZCoin News ziņojumiem, Binance par jauno izpilddirektoru izvēlējās savas starptautiskās nodaļas vadītāju Ričardu Tenu. CZ atklāja Tenga plašo 30 gadu pieredzi finanšu pakalpojumu sektorā, paužot pārliecību, ka Teng nodrošinās atbilstību drošības noteikumiem un pārredzamību lietotājiem.
Removing old leaders from the market and setting up new leaders with #Blackrock and #Coinbase in the forefront for power to revolve around the US is what is happening.
Yeah, U.S is getting the power and control they've been thirsty and fighting for 😑
Drošības un maiņas komisija saka, ka viņiem ir vajadzīgas vēl 45 dienas, lai pieņemtu lēmumu par Hashdex by#BitcoinETF lietojumprogrammu, kas jāapstiprina šodien, pārcelta uz 2024. gada 1. janvāri.
Mums ir aptuveni 11 ETF, kas jāapstiprina rīt, 17. datumā.
BITC0IN WIKIPEDIA PAGE RECORD HIGHEST NUMBER OF VISITORS AND VIEWERSHIP SINCE MID 2022
BITCOIN 'S Wikipedia page experienced a significant surge in viewership, reaching its highest level since mid-2022. The surge in interest coincides with a substantial price rally and optimistic news regarding the potential approval of a spot Bitcoin Exchange-Traded Fund (ETF). This newfound enthusiasm for the world’s leading cryptocurrency has drawn curious readers and investors to its Wikipedia page in record numbers.According to data from The Block’s Data Dashboard, Bitcoin’s Wikipedia page garnered a staggering 13,490 pageviews on October 24. This astonishing level of attention signals a renewed fascination with the digital asset and its underlying technology.Source: The BlockThe recent price rally, which saw Bitcoin’s value soar above $35,000 on October 23, has been a key driving factor behind the sudden spike in viewership. Notably, this is the first time Bitcoin has reached this price point since May 2022. Over the past week alone, Bitcoin has surged by a remarkable 13%, with an impressive 29% gain over the course of the last month. This substantial price appreciation has captured the imagination of both seasoned investors and newcomers to the #cryptocurrency market, driving them to seek more information about the digital currency’s history, uses, and #technology.Rebecca Stevens, a researcher at The Block Research, provided insight into the phenomenon, stating that, “Bitcoin’s recent rally and the potential for a spot ETF has people more interested in the asset.” She went on to explain that the heightened interest could be observed in more casual ways, such as the surge in visitors to Bitcoin’s Wikipedia page.The anticipation surrounding a potential spot ETF is another #Bitcoin driving force behind this renewed interest. A spot ETF would offer investors a more straightforward means of investing in Bitcoin, potentially opening up the market to a wider range of participants. Investors and institutions alike have been eagerly awaiting regulatory approval for such a financial product, and the prospect of this development has reignited hope and curiosity among market observers.THE SIGNIFICANCE OF THIS??Bitcoin’s Wikipedia page experiencing such a substantial surge in viewership should not be underestimated.Wikipedia is one of the most trusted and often the first port of call for individuals seeking information on a wide range of topics, and a surge in pageviews suggests that more people than ever are becoming interested in the topic, in this case Bitcoin.It is a clear indication that cryptocurrency has piqued the curiosity of both seasoned investors and those new to the world of digital assets.Interesting days ahead🥂
Avalanche, Aptos, And Hashflow In Highlighted Token Unlocking Events For November 2023
In a significant development in the world of cryptocurrencies, a total of 24 projects are slated to unlock tokens in November 2023, with a combined value exceeding $398 million, more than double the previous month’s figure. According to Token Unlocks, the cryptocurrency industry is gearing up to witness the release of over $398 million worth of tokens into the market during the month of November. Among these projects, Aptos (APT), Avalanche (AVAX), and Hashflow (HFT) stand out as the ones with the largest token unlocks.
Source: Token Unlock Notable Token Unlock Dates November 4th: ImmutableX (IMX) is set to unlock 18.08 million tokens, representing 1.5% of the circulating supply and valued at $12.11 million.November 7th: Hashflow (HFT) is releasing a staggering 160.38 million tokens, accounting for 74% of the circulating supply and amounting to $43.91 million.November 12th: Aptos (APT) is expected to unlock 24.84 million tokens, equivalent to 10.06% of the circulating supply and valued at $168.93 million.November 17th: ApeCoin (APE) will release 15.6 million tokens, constituting 4.23% of the circulating supply, with a value of $21.37 million.November 24th: Avalanche (AVAX) is slated to unlock 9.54 million tokens, making up 2.69% of the circulating supply, with a value of $104.81 million. Other Upcoming Token Unlock Events In addition to these notable token unlock dates, there are several other projects with their own unlock events: November 1st:STEPN (GMT) is releasing tokens valued at $563,910.Pendle (PENDLE) is unlocking tokens worth $46,310.Lido DAO (LDO) is set to release tokens valued at $1,610.Acala (ACA) is unlocking tokens worth $1.34 million.November 2nd: Nym (NYM) is releasing tokens valued at $401,480.November 3rd:JOE (JOE) is set to unlock tokens valued at $11,120.Tornado Cash (TORN) is releasing tokens worth $69,680.November 5th:Liquity (LQTY) is unlocking tokens valued at $1.14 million.Galxe (GAL) is releasing tokens worth $10.28 million.November 7th: Moonbeam (GLMR) is set to unlock tokens valued at $621,640.November 9th:GMX (GMX) is releasing tokens valued at $19,200.Euler (EUL) is unlocking tokens worth $417,110.November 15th: CyberConnect (CYBER) is expected to unlock tokens valued at $7.82 million.November 16th: Flow (FLOW) will release tokens valued at $1.48 million.November 18th: Oasis Network (ROSE) is set to unlock tokens valued at $10.17 million.November 22nd: SPACE ID (ID) will release tokens valued at $4.11 million.November 27th:LooksRare (LOOK) is expected to unlock tokens worth $2.74 million.Yield Guild Games (YGG) is releasing tokens valued at $3.52 million.November 28th: SingularityNET (AGIX) is set to unlock tokens valued at $2.19 million. In summary, the total token unlock value for November matches that of August, standing at $398 million, and it is twice the figure from two months ago, which was $175 million. This surge in token unlocks indicates the dynamic and growing nature of the cryptocurrency market, with numerous projects looking to make their tokens available for trading and investment opportunities in the coming month
YOU'RE AN IDIOT IN THE 1ST CYCLE. Ouch, probably sound harsh???typical of the truthIt's lesson time, let's get down to itIn your first cycle in the crypto space, you're expected to pay your "IGNORANCE DEBT"I paid it, the hard way.Same as you reading this if this is not your first circle.At this stage, you're likened to an "ID!OT"Why??Because you trust influencers more than you should, you see them 100% as the holy grail.But sorry to burst your bubble, they are not.Unless you love being an exit liquidity 🤌You're not to be blamed because you're still figuring out all the basic concepts. We are all I'd!ots when learning something new especially CRYPTO.Trusting every bit of information we see and receive online, without questioning or trying to find out any logic behind it.That's an "ID!OT"So most often than not, you're expected and will lose every damn penny you gather in hope to invest and make it big to your fav influencer who is paid to even shill you the TOP 🤌Revealing some secrets??Shhhh🤫How do you get out of this stage??There are so many easy ways.But the most obvious one is to "STOP TRUSTING EVERY INFORMATION YOU GET FROM AN INFLUENCER"What are other ways to quickly pay your IGNORANCE DEBT and ensure your success in the bullrun?? Also want to know them? I wil be revealing everything, Follow me so you don't miss outSo much to learn, if you don't learn you will pay the "IGNORANCE DEBT" the hard way#DrCrypto #CryptoTalks #Meme
Introducing Memecoin (MEME) on Binance Launchpool! Farm MEME by Staking BNB, TUSD and FDUSD
Introducing Memecoin (MEME) on Binance Launchpool! Farm MEME by Staking BNB, TUSD and FDUSDFellow Binancians,Binance is excited to announce the 39th project on Binance Launchpool – Memecoin (MEME), the native ecosystem token of Memeland. Memeland is the Web3 venture studio by 9GAG, the globally popular meme platform. The webpage is estimated to be available in 4 hours, before the Launchpool starts. Users will be able to stake their BNB, TUSD and FDUSD into separate pools to farm MEME tokens over 30 days, with farming starting from 2023-10-28 00:00 (UTC).Binance will then list MEME at 2023-11-03 08:00 (UTC) and open trading with MEME/BTC, MEME/USDT and MEME/BNB trading pairs. The Seed Tag will be applied to MEME.Memecoin Launchpool Details:Token Name: Memecoin (MEME)Total and Maximum Token Supply: 69,000,000,000 MEMELaunchpool Token Rewards: 1,380,000,000 MEME (2.00% of total token supply)Initial Circulating Supply: 8,797,500,000 MEME (12.75% of total token supply) Smart Contract Detail: Memecoin (MEME)Staking Terms: KYC required Hourly Hard Cap per User: 153,333.33 MEME in BNB pool19,166.67 MEME in TUSD pool19,166.67 MEME in FDUSD pool Supported Pools: Stake BNB (webpage will be available in around 4 hours): 1,104,000,000 MEME in rewards (80%) Stake TUSD (webpage will be available in around 4 hours): 138,000,000 MEME in rewards (10%)Stake FDUSD (webpage will be available in around 4 hours): 138,000,000 MEME in rewards (10%)Farming Period: 2023-10-28 00:00 (UTC) to 2023-11-26 23:59 (UTC).MEME Farming DistributionDates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (MEME)BNB Pool Daily Rewards (MEME)TUSD Pool Daily Rewards (MEME)FDUSD Pool Daily Rewards (MEME)2023-10-28-2023-11-2646,000,00036,800,0004,600,0004,600,000Read about Memecoin (MEME) in our research report here, which will be available within 30 minutes of publishing this announcement.Please note:Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Vault will support the MEME Launchpool. Users who have staked their BNB in BNB Vault will automatically participate in the MEME Launchpool, and receive MEME rewards daily in their Spot Wallets.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault will be split and allocated into each project equally unless otherwise specified.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.Project LinksWebsite: https://www.memecoin.org/; https://www.memeland.com/ Whitepaper: https://www.memecoin.org/whitepaper Twitter: https://twitter.com/memecoin; https://twitter.com/Memeland Discord: https://discord.gg/memeland Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming MEME. Currently, users residing in the following countries or regions will not be able to participate in farming MEME: Belarus, Canada, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, Netherlands, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.Thanks for your support!Binance Team
HONG KONG’S SFC ANNOUNCES STRICTER CRYPTO REGULATIONS IN WAKE OF MARKET DYNAMICS
HONG KONG’S SFC ANNOUNCES STRICTER CRYPTO REGULATIONS IN WAKE OF MARKET DYNAMICS
TLDR The SFC has updated its crypto regulations, with a focus on serving only professional investors and redefining the roles of intermediaries.The new guidelines come after the JPEX scandal and classify virtual assets as “complex products”, aligning them with traditional financial instruments. In response to evolving market patterns and following feedback from industry experts, Hong Kong’s Securities and Futures Commission (SFC) has introduced a series of revamped guidelines surrounding the management and transaction of virtual currencies. These changes, notably announced after a major crypto exchange disaster, promise more comprehensive oversight and a shift in how the city views and handles these assets. Protecting professional investors and emphasizing intermediary roles The key tenet of the newly unveiled regulations targets specific virtual currency offerings. Notably, these offerings will now be designed to serve only professional investors. The move is expected to mitigate risks associated with inexperienced retail investors diving into a complex and volatile market. Intermediaries, often the main point of contact for potential investors, will also see their roles significantly redefined. As crucial players in the crypto sphere, they’ll be mandated to ensure that their clients possess a sound knowledge of the virtual assets they intend to invest in. By placing such a responsibility on intermediaries, the SFC aims to ensure that only well-informed decisions are made within the crypto landscape. This could prove instrumental in reducing cases of investor remorse and large-scale losses. The Commission’s remarks also shed light on the inconsistencies in the global regulatory framework surrounding cryptocurrencies. It noted, “Although virtual assets are gaining traction in select global quarters, the overarching regulatory milieu remains disparate.” This fragmented regulatory environment was a cause for concern for the SFC, which had previously highlighted numerous risks associated with digital assets back in 2018. SFC: Reclassification of virtual assets The SFC has taken a significant step in placing virtual assets in the same league as traditional financial counterparts. These assets are now classified as “complex products,” bringing them under the Commission’s oversight. Such a move will likely imbue confidence among potential investors, who can now expect the same level of regulatory scrutiny for virtual assets as they would for more established financial products. Specifically, the new regulations identify crypto exchange-traded funds and products from beyond Hong Kong’s shores as examples of these newly labeled complex products. This clarification offers a roadmap for how various virtual assets will be treated, aiding in the removal of ambiguities surrounding their transaction and management. The JPEX scandal: A catalyst for change? The crypto landscape in Hong Kong is still grappling with the shockwaves sent out by the JPEX crypto exchange scandal. The fiasco, which unraveled just a month ago, resulted in the SFC being flooded with complaints, numbering over a thousand. Aggrieved users reported significant losses, alleging mismanagement and potentially fraudulent activities by the JPEX operators. The episode culminated in the detention of six individuals linked to JPEX, accused of running an unlicensed cryptocurrency platform. It’s uncertain whether the JPEX incident directly influenced the SFC’s decision to refine its regulations. However, the timing is certainly suggestive. In light of the scandal, the SFC had already expressed its commitment to bolster measures to keep crypto investors well-informed about potential pitfalls. A testament to this commitment is the creation of a joint task force earlier this month. This team, comprising members from both the Hong Kong Police Force and the SFC, is mandated to monitor and investigate any suspicious activities associated with digital currencies. Such proactive steps underscore the city’s dedication to not only nurture the burgeoning crypto market but also ensure it remains a safe arena for investors. Conclusion As virtual currencies continue their march into mainstream financial systems, regulatory bodies worldwide grapple with how best to manage them. Hong Kong’s SFC, with its latest set of guidelines, is positioning itself as a vanguard, ensuring that as the industry evolves, the interests of its investors remain safeguarded. The world will undoubtedly watch how these new measures play out in one of Asia’s financial hubs, potentially taking cues from their markets.
Patricia exchange CEO announces debt restructuring via convertible notes
Patricia exchange CEO announces debt restructuring via convertible notes Patricia's CEO also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency.
Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares. According to a statement from the CEO, this process forms an integral component of the firm’s strategy for fundraising and reorganizing its debts. In anticipation of the firm’s upcoming app relaunch and in preparation for its fundraising initiative, it is affording its users the opportunity to transform their debt tokens into convertible notes at a favorable discount in Patricia. He also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency. However, this option doesn’t seem to agree with some agitated users who took to a Patricia affiliated outlet to make their case heard but met no one. In a video making rounds on X social platform (formerly known as Twitter) the agitated users are seen hanging around the empty building and making statements reflecting their dissatisfaction with the situation of things.
Speaking with Cointelegraph, Hanu stated that the video content is misleading and mischievous as the firm runs a full remote structure. He stated that the office in the video is an innovation hub set up and announced in 2022, to offer free working spaces to developers and crypto enthusiasts as Patricia does not actively operate from that office. When asked about the current solution for users who are still unable to withdraw their funds, Hanu stated that the Patricia app that is about to relaunch is currently at Beta testing, and invites were extended to customers to experience the app before opening to the public. Few customers who opted for the testing process are currently getting their PUTX redeemed.
According to Hanu, Patricia users have also notified customers of the plan to redeem their balances in batches as soon as the firm reopens. This development follows the company’s previous disclosure of a security breach resulting in fund losses in May 2023. Despite asserting that customer funds remained unaffected, platform users have faced ongoing difficulties in accessing their funds since April.
JPMorgan Reveals Its Forecast for Bitcoin Spot ETF Approval Date
JPMorgan Reveals Its Forecast for Bitcoin Spot ETF Approval Date JPMorgan analysts announced that the SEC will have to approve Bitcoin Spot ETFs and listed their predictions.
JPMorgan analysts have stated that they expect multiple spot Bitcoin exchange-traded fund (ETF) applications to be approved by the US Securities and Exchange Commission (SEC) in the near future. Analysts led by Nikolaos Panigirtzoglou believe these approvals could happen “within months” and most likely before the January 10, 2024 deadline for applications for Ark Invest and 21Shares. This optimism was fueled by the SEC's decision not to appeal a recent court decision in favor of Grayscale Investments. Last week, the SEC allowed the Grayscale case to expire on appeal, which the company had won in court the previous month. Analysts noted that this development has led to “increased optimism for multiple spot bitcoin ETF approvals.” They also suggested that the SEC would be forced to approve spot BTC ETFs as a result of the court decision.
Grayscale Bitcoin Trust, currently the world's largest Bitcoin fund with assets under management (AUM) of $17.7 billion, is expected to face pressure to reduce product fees following the possible approval of a spot bitcoin ETF. Analysts also predict that GBTC's discount to net asset value will likely disappear due to the share redemption/creation arbitrage mechanism in the ETF structure. According to JPMorgan's report, eliminating this discount could provide investors with a benefit of $2 billion. Analysts also reiterated that the SEC is unlikely to provide a first-mover advantage to any spot BTC ETF applicants and will likely approve multiple ETFs at once.
Base Network Open-Sources Code For Community Collaboration
Base Network Open-Sources Code For Community Collaboration Base Network has made a groundbreaking decision to open-source its core code repositories. This initiative reflects the organization’s commitment to promoting transparency, encouraging public participation, and further strengthening the collaborative spirit within the crypto and blockchain ecosystem. The move to open-source Base’s code repositories is poised to bring about a wealth of opportunities for developers and enthusiasts in the blockchain space. With this newfound accessibility, developers can delve into the intricate details of Base’s core code, a pivotal component in processes ranging from smart contracts to project deployments. This decision signifies a substantial shift in the organization’s development strategy and seeks to involve a broader developer community in shaping the future of Base Layer 2.
Base’s primary motivation for sharing its codebase is to tap into the collective expertise of the developer community, fostering collaboration and ultimately enhancing the network’s existing infrastructure. By enabling others to scrutinize their code, Base aims to identify areas for improvement, uncover unnoticed bugs, and harness the power of community-driven feedback. This strategic step underscores Base’s commitment to the principle of continuous improvement and the realization that innovation thrives in an open, inclusive environment. One crucial aspect of this development is Base’s ongoing collaboration with Optimism on the Ethereum-based OP Stack. Anika Raghuvanshi, a Senior Software Engineer at Base, emphasized the company’s unwavering support for open-source projects. According to Raghuvanshi, this approach aligns seamlessly with their vision of a decentralized and inclusive technology platform. “Supporting open source has been one of our key tenets since we announced the testnet at the start of the year,” Raghuvanshi stated. “Our goal is to be decentralized, permissionless, and open to anyone. We joined Optimism as a Core Dev on the open source OP Stack, and open-sourcing Base’s contracts and frontend is a continuation of our commitment to building a technology that is open for everyone.” Base’s decision to open its codebase reflects the broader trend within the blockchain industry, where open-source initiatives have played a pivotal role in driving innovation and maintaining trust within the community. By allowing public access to its core code, Base Layer 2 is not only underlining its commitment to transparency but is also actively inviting collaboration, development, and scrutiny from the wider blockchain and cryptocurrency ecosystem.
As seen 3days ago, a positive or negative news from all these can drastically move the market. keep tabs and follow the progress of these market updates
LET ME SHARE YOU A BIG SECRET The Global Banking Crisis.This is a secret and you shouldn't tell anyonedeal??Yeah dealGreat
I was carrying out a research recently and here's something I found, It's the global banking crisis.It started from China.Across major local banks in China, there is high panic among customers.Customers are seen in overflowing queue requesting to withdraw all their money.This is not limited to one bank or one state in China, the Bank-Panic caught across several banks and states in China.The panic is now spreading to other countries like Japan, Korea, Germany and even the United States.It is rumored and believed that the current Israel-Gaza war is a distraction by authorities to the Bank-Panic currently ongoing.As customers are withdrawing from local banks due to panic, the demand to safeguard their funds in including seen as "safe haven" is on the rise
The w a r is a big distraction( not just a mere distraction, but also beyond ) stoping people from paying attention to the Bank-Panic and the demand for digital assets.Does this makes sense?? Let me hear your thoughtsDr. Crypto
Understanding Shiba Inu Ecosystem: What is SHIB's Price Prediction for 2024
Understanding Shiba Inu Ecosystem: What is SHIB's Price Prediction for 2024
(Photo by Kanchanara on Unsplash) The Shiba Inu Coin ecosystem, popularized as 'Shib', is slowly evolving from meme origins to an established player in the cryptocurrency arena. This growing ecosystem comprises the well-known SHIB token and others such as Leash and Bone. The development and diversification of the Shib ecosystem underlines its significance in today's crypto landscape. This article outlines an introduction to the Shib ecosystem and its expanding repertoire, carving out a niche for itself in the digital currency space and why it matters. Shiba Inu's Shibarium Achieves Key Milestones Despite Overall Value Dip SHIB's scaling solution, Shibarium, which was rolled out in August, has now recorded over one million blocks and in excess of three million transactions. The primary objective of Shibarium is to enhance the performance of Shiba Inu by optimizing transaction efficiencies. However, despite the significant strides made by Shibarium, the value of Shiba Inu dropped by 4% on the 9th of October and saw an overall decrease of 8% over the course of that week. The development that has been commanding attention lately is the milestone achieved by the increasingly popular meme coin, Shiba Inu, and its associated projects. Shibarium, in particular, has been garnering noteworthy headlines with its recent achievements. Data from ShibariumScan indicates that Shibarium has reached the significant milestone of one million blocks, underscoring the increasing demand for scalable options. A couple of weeks prior to this, the Layer-2 network breezed past another major highlight when the total transaction count on the network exceeded the highly sought-after target of three million. Presently, this figure is close to 3.4 million while wallet addresses are gradually closing in on the 1.3 million mark. Shiba Inu Coin (SHIB) Shiba Inu (SHIB) is a decentralized cryptocurrency that was created in August 2020. It is an ERC-20 token, which means that it runs on the Ethereum blockchain. SHIB was originally created as a meme coin, but it has since developed into a vibrant ecosystem with a variety of projects and initiatives. Circulating Supply: 589.35T SHIB Utility: SHIB is the native token of the Shiba Inu ecosystem. It can be used to pay for goods and services on a variety of platforms, including ShibaSwap, Welly's and Travala.com. SHIB can also be used to participate in governance and voting within the Shiba Inu DAO. Price Prediction: SHIB is a volatile asset, and its price can fluctuate wildly. However, some analysts believe that SHIB has the potential to reach $0.01 by the end of 2023 and $0.05 by the end of 2024. LEASH LEASH is a decentralized cryptocurrency that is part of the Shiba Inu ecosystem. It was created in May 2021 and has a total supply of 107,646 tokens. LEASH is positioned as a "premium" token within the Shiba Inu ecosystem and offers holders a number of exclusive benefits, including: Increased rewards for staking on ShibaSwapExclusive access to certain features and promotions on ShibaSwapVoting rights in the Shiba Inu DAO Circulating Supply: 107,646 LEASH Utility: LEASH is a governance token within the Shiba Inu ecosystem. Holders of LEASH can vote on proposals and participate in the decision-making process for the future of the Shiba Inu project. LEASH can also be staked on ShibaSwap to earn rewards in the form of SHIB. Price Prediction: LEASH is a more volatile asset than SHIB, but it also has a higher price ceiling. Some analysts believe that LEASH could reach $100 by the end of 2023 and $500 by the end of 2024. BONE BONE is a decentralized cryptocurrency that is part of the Shiba Inu ecosystem. It was created in November 2021 and has a total supply of 250 million tokens. BONE is the governance token of the Shiba Inu ecosystem and is used to vote on proposals and participate in the decision-making process for the future of the Shiba Inu project. Circulating Supply: 229,923,351 BONE Utility: BONE is the native token of the Shibarium Layer-2 network. Shibarium is a scaling solution that will allow for faster and cheaper transactions on the Shiba Inu ecosystem. BONE will be used to pay for gas fees and transaction fees on Shibarium. Price Prediction: BONE is a relatively new asset, but it has the potential to be one of the most valuable tokens in the Shiba Inu ecosystem. Some analysts believe that BONE could reach $10 by the end of 2023 and $50 by the end of 2024. ShibaSwap ShibaSwap is a decentralized exchange (DEX) that is part of the Shiba Inu ecosystem. It was launched in July 2021 and allows users to swap, stake, and yield farm with tokens from the Shiba Inu ecosystem. ShibaSwap also offers a variety of other features, such as a launchpad for new projects and a marketplace for NFTs. What makes ShibaSwap different from other DEXs? ShibaSwap is a community-owned and operated DEX. This means that all of the fees generated by ShibaSwap go back to the community. ShibaSwap also offers a number of exclusive features, such as the ability to stake LEASH and BONE to earn rewards in the form of SHIB. Woof Paper The Woof Paper is the whitepaper for the Shiba Inu ecosystem. It outlines the vision and mission of the project, as well as the technical details of the Shiba Inu token and the Shibarium Layer-2 network. The Woof Paper is a must-read for anyone who wants to learn more about the Shiba Inu ecosystem and its potential. Some of the key takeaways from the Woof Paper include: The Shiba Inu ecosystem is a decentralized community-driven project that is committed to building a better financial future for all.The Shiba Inu token is a decentralized cryptocurrency that is used to power the Shiba Inu ecosystem.The Shibarium Layer-2 network is a scaling solution that will allow for faster and cheaper transactions on the Shiba Inu ecosystem. Shiba Inu Price Prediction 2023 The Shiba Inu token has made significant progress since its launch in August 2020. The SHIB community has grown rapidly, and the token is now listed on a variety of major exchanges. SHIB has also been accepted as a form of payment by a number of businesses and merchants. The forecast for the Shiba Inu token in 2023 and 2024 is positive. The Shiba Inu ecosystem is growing rapidly, and the token is becoming increasingly popular among investors and traders. Some analysts believe that SHIB could reach $0.01 by the end of 2023 and $0.05 by the end of 2024. According to CryptoNewZ's latest predictions, the price of Shiba Inu would potentially fluctuate between a maximum of $0.0000091 and a minimum of $0.00000220 by the conclusion of 2023. In a separate prediction by Changelly, it is anticipated that the SHIB token will oscillate within a price range of $0.0000079192 at its lowest and $0.0000092891 at its peak, with an expected average price point of $0.00000081792 by the end of the same year. Furthermore, CoinPedia's long-term forecast for the Shiba Inu token suggests a potential lows of $0.0000112 and highs around $0.0000259. The average Shiba Inu price prediction stands at $0.0000185, further adding diversity to the forecasts by the end of 2023. Conclusion The Shiba Inu ecosystem is still in its early stages of development, but it has the potential to become one of the most successful projects in the crypto space. The Shiba Inu ecosystem is a rapidly growing ecosystem with a variety of projects and initiatives. The SHIB token has made significant progress since its launch in August 2020, and the forecast for the token in 2023 and 2024 is positive. Investors should carefully consider their own risk tolerance and investment goals before investing in the Shiba Inu ecosystem. However, the Shiba Inu ecosystem is a project with a lot of potential, and it is worth watching in the coming years. #SHIB #shibaInu
What is Crypto Copy Trading? Can you Get Rich from Copy Trading
What is Crypto Copy Trading? Can you Get Rich from Copy Trading
Photo by Kanchanara on Unsplash In the dynamic world of cryptocurrency, where volatility is a constant and the learning curve steep, 'Crypto Copy Trading' offers a glimmer of simplicity and strategy. As both newcomers and veteran traders seek ways to optimize their investments, this method has garnered significant attention. Copy trading has become a massive phenomenon in the crypto market, and leading cryptocurrency exchange Binance launched its Copy Trading feature in selected markets, allowing users to replicate the trades of expert lead traders. Dive in with us as we unravel the intricacies of this approach and evaluate its promise. What is Crypto Copy Trading? Crypto copy trading, at its core, allows novice traders to replicate the actions of seasoned crypto traders. Picture it as a bridge connecting beginners with the veterans of the crypto world, streamlining the process of decision-making. Imagine embarking on a new investment journey where the intricacies of the crypto market can seem daunting. Copy trading serves as a compass, with the experienced trader's strategies acting as a guide. This not only reduces the risk but also empowers newcomers with a learning curve, giving them a sneak peek into the strategies employed by the pros. The salient feature of crypto copy trading is its democratizing nature. It essentially breaks down barriers to market entry, allowing those unfamiliar with crypto nuances to participate with a safety net, thus leveling the investment playground. The concept's success largely hinges on the belief that experienced traders, with their knowledge and market intuition, will likely make more informed decisions than newcomers. Thus, by mimicking their moves, newcomers can potentially maximize their returns and minimize errors. How Does Crypto Copy Trading Work? With a basic understanding of what crypto copy trading is, let us break down its operational aspects: Platform Selection: The journey begins with choosing a reliable platform that offers crypto copy trading services. There are many platforms out there, each equipped with its own set of features and user interfaces.Research on experienced traders: After registering, users can sift through profiles of experienced traders. These profiles typically showcase crucial data like past performances, trading strategies employed, risk tolerance levels, and more. This helps in making an informed decision about whose trades to replicate.Real-time Replication: On opting to follow a trader, the platform instantaneously mirrors the chosen trader's moves in the user's account.Customizable Controls: A majority of platforms offer customization. Users can set parameters to dictate the extent of their fund's involvement, the assets they're comfortable trading, and more. This ensures that even within the automated system, users retain a degree of control over their investments.Continuous Learning: While the system largely operates on auto-pilot, it serves as a continuous learning experience. Users can observe the strategies employed by experienced traders, understand market dynamics, and slowly build their own market acumen. Benefits of Crypto Copy Trading Navigating the intricate world of cryptocurrency can be challenging for both beginners and even seasoned traders. Crypto copy trading presents an innovative solution, allowing individuals to harness the expertise of professional traders. Here are some notable benefits: Ease of Entry: For novices, the crypto market can seem intricate and overwhelming. Copy trading simplifies this by allowing beginners to follow and replicate the trades of seasoned professionals, without the need for deep market knowledge.Time-Saving: Constantly monitoring the markets and making informed decisions can be time-consuming. With crypto copy trading, much of the groundwork is already done by the signal provider, freeing up time for the copier.Educational Opportunity: By observing the strategies and decisions of experienced traders, novices can learn about market dynamics, trading strategies, and risk management, providing an educational experience while earning.Diversification: Through copying multiple traders with different strategies, copiers can diversify their portfolio, spreading and potentially mitigating risk.Emotionless Trading: Since the trades are automatically replicated, it removes the emotional aspect of trading, which can often lead to impulsive decisions.Cost-Effective: Many platforms offer copy trading services with relatively low fees compared to hiring a personal financial advisor or manager.Flexibility: Most platforms allow users to start or stop copying a trader at any given point, giving them flexibility in their investment strategy. Copy Traders have the opportunity to learn various strategies and gain from the trading proficiency of Lead Traders. At the same time, Lead Traders on Binance earn a 10% profit share from their Copy Traders, receive 10% commissions from their Copy Traders' trading fees, and enjoy additional exclusive benefits. Risks of Crypto Copy Trading While crypto copy trading offers numerous advantages, it's imperative to approach it with a holistic understanding of its potential downsides. This ensures an informed decision-making process that weighs both the pros and cons. Here are some risks to consider: Past Performance Isn't Indicative: While traders' past performances can be reviewed, it doesn't guarantee future success. The crypto market is volatile, and strategies that worked once might not work in the future.Lack of Control: Since trading decisions are made by the signal provider, the copier might sometimes feel a lack of control over their investments.Over-Reliance: There's a risk that beginners might become overly reliant on copy trading, neglecting to learn and understand the market dynamics themselves.Platform Risks: Not all copy trading platforms are trustworthy. There's a risk of scams, technical glitches, or mismanagement by the platform.Strategy Mismatch: The strategy employed by the signal provider might not align with the financial goals or risk tolerance of the copier, leading to potential mismatches in investment outcomes.Cost Implications: Although some platforms might seem cost-effective, hidden fees or high spreads might reduce profitability.Delayed Execution: There might be slight delays in trade execution, leading to slippage. This means the copier might get a different entry or exit price than the signal provider, affecting profitability. Can You Get Rich from Copy Trading? Copy trading has gained immense popularity in recent years as a seemingly straightforward route to profit in the financial markets. But the question of whether one can truly amass wealth through this method warrants a nuanced answer. While there are instances where individuals have reaped substantial gains via copy trading, it's essential to understand that every investment comes with inherent risks. The success of copy trading largely depends on the chosen trader's decisions, market volatility, and the timeliness of trade execution. Since past performance is not indicative of future results, even a seasoned trader's strategy can underperform at times. Moreover, relying solely on copy trading without understanding market dynamics or diversifying strategies might limit potential growth. It's a tool that can aid in investment, but like all tools, its efficacy depends on how it's used. In essence, while copy trading can be a lucrative venture for some, it's not a guaranteed path to riches and should be approached with caution and due diligence. How to Choose a Crypto Copy Trading Platform Choosing the right platform is pivotal for a successful copy trading experience. Here are some steps to guide your decision: Reputation and Reviews: Research the platform's reputation. Go through user reviews, expert opinions, and any potential red flags or controversies associated with the platform.Regulation and Security: Ensure the platform adheres to regulatory standards and employs top-notch security measures to protect users' funds and data. Transparency: A good platform will offer transparent data on each trader, including their trading history, strategies, risk levels, and other pertinent information.Cost Structure: Understand the platform's fee structure. This includes any commission taken from successful trades, withdrawal fees, or other hidden charges. For instance, copy traders pay 10% of their profit share with lead traders on Binance.User Interface: An intuitive and user-friendly interface can significantly enhance the trading experience, making it easy for users to navigate and make informed decisions.Diversity of Traders: A platform with a diverse pool of traders allows for better diversification of strategies and risk. It's beneficial to have options ranging from conservative traders to more aggressive ones.Is it Possible to Earn Money Through Copy Trading in Crypto? In conclusion, while the allure of crypto copy trading is undeniable, it's crucial to be discerning in your choices – both in terms of the traders you follow and the platform you trust with your funds. Always remember to conduct thorough research and stay informed. #cryptotrading #crypto2023