In this game since 2015. Learned a couple of lessons. One of them is holding established cryptos. --- profile picture taken from unsplash. Artist is Matheo JBT
💥 $RAY is remarkably strong right now. It has the biggest momentum of all of #Top100Crypto lately. The gains since the last time I posted about it are nearly 50%.
Those investors who got in when the lows of 2022 were in - these were about $0,15$ at the time - are meanwhile on such a terrific profit if they held through all the hassle since then.
What this shows is that picking the right #altcoin during crypto winter, investing a plausible and meaningful amount of your funds, and then holding onto it for as long as the #AltCoinSeason unfolds can give life changing gains. The challenge here is clearly to find these gems early enough and to recognize the unique properties which make that project so relevant.
Whoever is invested in this token, I am congratulating to you! I wish us all a nice ride ahead 🚀🌕
As mentioned in my last post, I was keen on adding KAIA to my holdings. Its rocket-like increase from $0.10 to $0.42 made me really intrigued. I was lucky to buy below $0.20 today. And I think this token is definitely a candidate for a price of more than $1.00 😎
Now I hope the bottom of this correction is in. We saw 50% dips on many altcoins - which has been a benchmark in earlier cycles where #buythedip was favorable. The next days will make all of us smarter. Looking at how $BTC gained value over the last 10 hours, we can start to find some confidence in looking to the upside again! 🤑🤑🤑
$BNB holds up relatively strong compared the the majority of altcoins.
BNB can be considered more like a stock with generous dividends. Its volatility is much lower than that of most other cryptpcurrencies. Those dividends come in the form of launchpool rewards, the lately introduced 'BNB hodler airdrops' and from several other programs that binance developed over time.
Market in general:
After many coins made gains between 100% and 500% since Trump won the elections (which ignited a strong bullish market move) it's just totally expected that there is a correction and prices decline on a broader scale. Investors sell parts of their holdings to secure gains made. And being able to invest at a later point in time - when prices are lower. All over all the trend is bullish and you should not get scared out of the market! 🤠
If you are in spot right now I'd say HODL strong. This decline will be relatively short lived. And if you are lucky to sit on some liquid funds, you could consider buying BNB to get more of the dividends I was writing about. Or on the more risky side, I expect $KAIA to have a strong move up after the dust settled from the current correction. I am considering opening a position in KAIA myself.
$BNB holds up relatively strong compared the the majority of altcoins.
BNB can be considered more like a stock with generous dividends. Its volatility is much lower than that of most other cryptpcurrencies. Those dividends come in the form of launchpool rewards, the lately introduced 'BNB hodler airdrops' and from several other programs that binance developed over time.
Market in general:
After many coins made gains between 100% and 500% since Trump won the elections (which ignited a strong bullish market move) it's just totally expected that there is a correction and prices decline on a broader scale. Investors sell parts of their holdings to secure gains made. And being able to invest at a later point in time - when prices are lower. All over all the trend is bullish and you should not get scared out of the market! 🤠
If you are in spot right now I'd say HODL strong. This decline will be relatively short lived. And if you are lucky to sit on some liquid funds, you could consider buying BNB to get more of the dividends I was writing about. Or on the more risky side, I expect $KAIA to have a strong move up after the dust settled from the current correction. I am considering opening a position in KAIA myself.
😃 How will be the first launch of a token that had a premarket ? My feeling is that a majority of the community tends to expect a rise above the $1 mark.
$USUAL definitely performed remarkably well during pre-market. Thus a continued rise during the current positive market circumstances could very well push the price higher on listing day. I am definitely curious what will happen. I am sitting on 230 $USUAL tokens and would not complain 😁
I am impressed by how SUI is already above the highs it set before the short correction two days ago. While binance suggested to use the hashtag #BTCReclaims101K to speak about $BTC , I'd rather look onto how the altcoins recovered since the correction occurred, where the corresponding hashtag is #MarketMajorComeback
SUI vs APT
I do not hold SUI currently because I made my bet on $APT to bring in greater gains - and practically aiming to solve the same use case. So these two projects are in competition. For now it seems I am wrong about the better gains, but only time will tell. The weekly chart of APTOS also look really strong and like approaching a breakout to old highs, around $20.
Some thoughts on RAY
Another token that has a great recovery after the correction is $RAY . I'd say for this token it's a bit late to open a spot position in it. As the lows in 2023 were somewhere around $0,15 and thus the current profit margin is enormous. But for all people looking into what futures they might pick to open a long position, this might be you best friend in the next weeks :)
I was lucky to receive 200 USUAL tokens from binance launchpool. Naturally seeing its price surge for about the last two weeks made me happy (to own this token) but also interested in why this is performing so well lately. Or is this just a short hype of just some weeks=
Started to gather information
I had a quick glance on their website. I could not tell where this project sets itself apart from other stable coin issuers, like $ENA or $LISTA . But I'll invest some time to find out more about the essentials. Thus I thought one of my reseach steps includes a thought of exchange with fellow binance #squarecommunity .
Launchpools and airdrops
This year binance #Launchpoolrewards were really thriving. Whereas some launched tokens during the summer months did not perform too great, lately the projects are quite promising again. And out of those, USUAL looks extraordinary regarding its #momentum . Additionally, binance launched another programm that will host airdrops in the coming weeks. You will find news about this on official pages from binance as well as the following hashtag: #MajorAirdropWatch
#Litecoin #LitecoinBoom Litecoin is one of the most underappreciated and thus most undervalued tokens in my opinion. It’s sovereign from the trends which determined the earlier crypto hype cycles and it is still independent from the trends shaping the current hype cycle. It is the number 1 solution for sending money via crypto. As the transaction cost is among the lowest of all established blockchains. The acceptance at point of sales is basically identical to Bitcoin. It’s still very attractive for investors as the price of Litecoin just doubled since it’s last lows in October. I expect Litecoin to atleast reach it’s last ATH from 2021 which was about $400. Given the current hype regarding the coming government of USA pushing crypto really hard, I’d say $800 is definitely possible. And it would be plausible given the fact that it is essentially very similar to bitcoin. And the network of $LTC has never been down since it’s launch in 2011.
This is no invesment advice. Investing into cryptocurrencies comes with increased risks. Do your own research. And trade safe. 🌞
Hey binance square, I wrote about it on Nov 3 and I give an update on this now. Currently is not a good time to buy WLD token. In general I assess this token to be a risky investment. Here is my reasoning:
First of all I do not trust Sam Altman. Founding partners of OpenAI left the company because they said they don't trust Sam and that he was dishonest with them about critical areas of the AIs security measures. There were allegations from senior leaders of Sam acting psychologically abusive. So why should we trust him on this "crypto" project? My standards of protection of privacy are high. And to handover a scan of my iris to a highly capitalist company would be the last thing I would want to do. How about you?
Second of all, millions already made this "mistake" and registered their iris with an orb scan. This creates such huge selling pressure on the price, as many of them live in underdeveloped countries and desperately need the WLD rewards. They sell pretty much immediately to buy food and other essentials for life.
So despite that WLD's price has doubled since its last low, I would like to repeat that you should be really careful with your investiment in this project.
The #DelistingNotice caused lots of discontent yesterday. $REN and $KEY holders were caught flat-footed. After receiving a lot of comments to my post about this, I thought I make a little series of posts about this topic, DELISTINGS, to help fellow binanace users to avoid such losses.
The 1st post today will look at what binance does to make sure users understood the risks of tokens that the are marked with the monitoring tag.
The 2nd post will look into common long term chart patterns that can be indications to know beforehand that a token will either receive the monitoring tag or worse, gets the delisting notice.
👉To dive into the first topic I created a screenshot of the user dialog that is shown when opening the trading view of a token with the monitoring tag. Users currently have to take a quiz containing four questions to prove their understanding of the monitoring tag. See the end of this post for the screenshot. Especially the last two questions should be an urgent warning to everyone entering trading or having investing ambitions on such a token. There the following answer has to be selected to be able to begin trading: "Yes I am aware that I might incur losses or even a total loss [...] by trading tokens marked with 'Monitoring'." But still it happens that users get caught in such loss scenarios like yesterday. What else could binance do to make users aware of the risks? Probably show this quiz regularly instead of just once? Or by sending monthly reminders to holders, emphasizing that they are holding a token in risk of being delisted. What are your ideas?
LIVE
the patient hodler
--
Bearish
#DelistingNotice of $REN and $KEY 🦧 🚨 I guess some investors are upset. My empathy to all investors and hodlers who have these losses now!
Basically it's a good thing that binance delists tokens where the underlying project looks lazy or doesn't match binance's quality requirements anymore. But what happened today is certainly a bit different to former delistings. REN had a really healthy looking price development, where it doubled from its Nov 4 low. Despite that showing increasing investor interest and confidence, it will be delisted from the exchange in a couple of days.
The notice had a devastating effect on the price and all the gains since Trump's election win are practically gone. I assume many investors of the last 3 weeks are kinda upset, and I think they are right to be so.
Additionally KEY is also among the tokens that will be delisted. Surprisingly for me. Because if I recall correctly the project was on Binance since 2017 and there were no signs that this longlasting partnership would come to an end in late 2024.
#DelistingNotice of $REN and $KEY 🦧 🚨 I guess some investors are upset. My empathy to all investors and hodlers who have these losses now!
Basically it's a good thing that binance delists tokens where the underlying project looks lazy or doesn't match binance's quality requirements anymore. But what happened today is certainly a bit different to former delistings. REN had a really healthy looking price development, where it doubled from its Nov 4 low. Despite that showing increasing investor interest and confidence, it will be delisted from the exchange in a couple of days.
The notice had a devastating effect on the price and all the gains since Trump's election win are practically gone. I assume many investors of the last 3 weeks are kinda upset, and I think they are right to be so.
Additionally KEY is also among the tokens that will be delisted. Surprisingly for me. Because if I recall correctly the project was on Binance since 2017 and there were no signs that this longlasting partnership would come to an end in late 2024.
$BTC is approaching the biggest price milestone in years. Honestly I anticipated this already in 2021 and was surprised it did not reach it back then. This time it will, no matter what 🤑
I assume we will see this price reached by Friday of this week. And psychology might create enough sell pressure to prevent the price going higher on its first attempt. Additionally As there lie about 2 weeks of big gains behind us, chances aren't that small well see an intermediate correction, a broader correction that will not only affect BTC but most of the market.
Think about selling a fraction of the coins you are in bigger gains. For example Solana or RAY. Wait until the correction heats up, and put the money back into the game. Because the game isn't over at $100k. It's not even halftime.
Please comment under this post if you disagree with any statement made by me.
My assessment in my earlier post is still valid. $LTC has properties that sets it apart from many altcoins that were released during the last years. It's distribution is much fairer compared to most #alts where the founders hold huge percentage of the supply. Thus one can assume that broad market corrections in the coming months wont affect #LTC✅ as much as new altcoins or memecoins. For memecoins I expect heavy sell pressure from whales cashing out. This could help Litecoin propell an X10 towards the peak of this cycle. And I also expect LTC wont crash as hard as many other altcoins.
If you are interested in more reasons I think Litecoin will do very well in the future, see my earlier post that I linked to.
Disclaimer: This is no investment advice.
LIVE
the patient hodler
--
Bullish
🆙️$LTC is on the move.
It's been a while that the increase within 24 hours was greater than 5%. But today that is the case. This coincides with the price breaking through an upper resistance on the 1D chart.
#Altcoinseason2024 will certainly be really good for the value development of LTC. Here are my 2 main reasons:
[1] The price is pretty much at the same level as it has been for the majority of the time in 2023 and 2024. You will most certainly not see a big correction in 2024 because noone who bought after 2021 is in big gains. This leaves a lot of freedom to grow naturally.
[2] LTC is mined like $BTC and has a much better distribution than many new cryptocurrencies that emerged during the last 3 years, where creators and devs often still posses more than 50% of the whole supply. This distribution of LTC which is much fairer means that no big bag holders can put sustained sell pressure on it.
#Ada is on fire 🔥 -- What are your thoughts? -- after consolidating for some days $ADA 's momentum has stated to push its price further up from already great gains since Nov 4th. Under current positive conditions surrounding crypto projects made in the US, ADA might be one of the big gainers of #Altcoinseason2024 and #Altcoinseason2025 😏
I have a small position in it and I will try to make a handful of successful swing trades on it.
Update: Woah, nice leg up yesterday. I suppose there will be another one in case $BTC marches towards $100k in the coming week.
🤕 $WLD looks weak and risky again. Updated assessment of its situation.
I've written about the risks that come with investing in worldcoin already in June and July. Now, after we saw the #Altcoinseason2024 wasn't really happening yet. Just a little runup from the beginning of October which allowed some tokens to X2 or slightly better. Worldcoin was also able to gain X2 from the local lows in August and September. So far so good for short term traders. Medium and long term things look different. Rather Bleak. The upward trendline of the last weeks is clearly broken and it's definitely possible hat another wave of heavy selling occurs in the coming weeks, driving price downwards significantly.
So be very careful about this specific project. There are red lights flashing again.
Please make informed decisions by yourself. This is not investment advice.
The price of RAY found a steady upward direction which starts to look parabolic. Very important within a longer timeframe is that the price broke the March high (by nearly 10%) and the weekly candle closed above this former high.
I see a chance that RAY will shine very bright during the next #AltCoinSeason - It seems a little overbought right now and I think a correction in the coming weeks could retest $2,77 (which is the last high before the current rise).
Despite a luring correction the upward trend is very tangible and given that DEX usage, especially on $SOL #Solana_Blockchain is thriving like never before, essentials are great and give investors and clients enough reasons to get on the boat.
In continuation of my post from 2 days ago, I would like to highlight that RAY pursues its upwards trend. Especially of interest for me is how it behaved during the relatively big price changes of $BTC . RAY's upward movement was stronger compared to the downward price movement while price of BTC decreased. These are often signs of market circustances where the buying side is in control of what happens.
Compared to the whole altcoin market, RAY developed better than average since the August lows. Keep 👀 this token.
In the absence of general market turmoils, it would make a lot of sense for RAY to go above 2,85$ soon. Do your own research. This is not an investment advice.
Review how RAY developed within the last two weeks! As we witness a current uptrend for the overall crypto market (within the timeframe since approximately end of September), RAY specifically stands out with strong gains.
This should not go unnoted. As many coins which were the front runners of the beginning bullrun in 2020 were the ones gaining the most all over all. I see similarities to how $SOL or $FTM made strong gains early into the last #AltCoinSeason
A correction within the next days seems plausible reviewing the development of RSI indicators. Maybe it's your chance to open a position in this token.
I have about 3% of my portfolio in RAY. Do your own research! This is not an investment advice.
I am aware that we can see more downtrend in the coming days. But that's always the case. One has the be prepared for all scenarios. I had a trade setup for altcoins that was dependent of a BTC keylevel (one I deem is a key level, in my setup). The plan was to DCA more alts when BTC is near 62k$. I sticked to the plan despite current buzz around looming war and another selling government. because I am CONFIDENT that my strategy will play out long term.
Leave a like if you bought the dip aswell.🤑 #buythedip 💎👏
The smallest amount I've invested was in $ENA . The biggest in $ETH