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COINBASE Ahead of an enormous bullish break-out.In recent times, we have focused on Coinbase's (COIN) long-term potential on higher time-frames (1W) like the one below (September 09) where we gave a great buy signal on the absolute bottom of the 2-year Channel Up: On today's analysis we look into the 1D time-frame as Coinbase is about to test its longest 2024 Resistance, the Lower Highs trend-line that started after the March 25 2024 High. With added bullish pressure by the 1D MACD Bullish Cross formed 2 days ago, if this Lower Highs trend-line breaks, we can technically have a very aggressive rally. The September 06 bottom can be seen as the start of the Head of an Inverse Head and Shoulders (IH&S) pattern, which has a standard Target on the 2.0 Fibonacci extension. That is just above $340. As a result, if the Lower Highs trend-line breaks, you can take additional buys to target $340. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COINLong
by TradingShot
1
COINBASE Bottomed and turning bullish for 2 months.Coinbase (COIN) completed a 2-day green streak following a Lower Low within the Falling Wedge, which is technically the Bearish Leg of the 6-month Channel Up pattern that started on the October 27 2023 Low. By tomorrow the 4H MA50 (blue trend-line) would have crossed below the 4H MA100 (green trend-line), forming a Bearish Cross, which is a pattern last seen on February 02 2024. The stock bottomed 2 days later, above the 4H MA200 (orange trend-line), which is currently at. In contrast to the stocks Lower Lows, the 4H RSI formed Higher Lows, which is a Bullish Divergence, the same kind of pattern it completed on February 05. Technically, once it breaks above the 4H MA50 again, we will have a confirmed Bullish Leg (dotted) at its very start. The last one reached the 1.786 Fibonacci extension, so we are targeting at least $370.00 on this run. It is worth noting that there is a high degree of consistency in the frequency on the Highs and Lows of the Channel Up, which is clearly shown by the Sine Waves on this chart. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COINLong
by TradingShot
$HOOD FINDS FOOTING AMIDST BULL MARKET$HOOD:1D Long-term Fib Retrace from ATH. Short-term Fib Extension from January 2024 lows. Top indicator = Relative Strength Index (RSI) Middle indicator = On Balance Volume (OBV Oscillator) Bottom indicator = Directional Movement Index (DMI) VWAP from highest high (yellow) After coming out of a protracted, multi-year basing (blue), upside price momentum looks to be waning with bearish price to RSI divergence (violet) forming on the 1D time frame. NASDAQ:HOOD volume flows as measured by on-balance-volume (OBVOSC_LB, middle indicator) are extremely constructive and posting historically high levels from price inception at initial IPO. Given the strength of the bullish trend as measured by the directional movement index (DMI, bottom indicator) price is well cushioned to withstand a pullback and remain positively trending. EWT counts are speculative and intended as a theoretical guide rather than an absolute path. The 3rd wave up could have the momentum to reach the 1.382(22.51) before meeting an increased potential for pullback into the 4th wave. The VWAP from ATH (yellow) is roughly in confluence with the 0.786 (15.81) and provides an impulsive shelf of support for a retrace as long as price were to consolidate above these respective levels. The next level of downside support would be the 0.5(13.57) price level and while a breach of this particular level would not invalidate the count by dipping below 2 (10.38) it would invalidate my thesis and close the trade. Upside price target for a 5th wave would be a 23% move to the upside with consolidation above the longterm Fib level of 0.786 (23.54) by end of July 2024. The secondary, 'reach target' sits 41% percent above current levels at the short-term 1.786 (27.00) Fib level. I would like to see this 1.786 (27.00) level taken out before end of November, 2024. NOT FINANCIAL ADVICE.
NASDAQ:HOODLong
by The_Firewalker
COINBASE: The lengthy BUY/SELL wave pattern to $280.Coinbase is trading on its 1D MA50 on a marginally bullish 1D technical outlook (RSI = 55.372, MACD = -1.520, ADX = 34.856) despite the recent breakout. The long term pattern is a Channel Down and according to the Wave Structure of the HH and HL levels, we still have another 30 days (March 14th) until the bottom of the current Wave, which should at all times be supported by the 0.618 Fibonacci level and of course the 1D MA200. When the 1D RSI crosses over the LH trendline, we will have a buy signal regardless of the price level. The range between each HH-to-HH and HL-to-HL isn't absolute but is close, well balanced and as you can see, fairly symmetric. Our target is at +144.50% from the recent low (TP = 280.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COINLong
by InvestingScope
Coinbase in a correction, the levels to look atHi guys! This is a technical analysis on Coinbase (COIN) on the 1 Week timeframe. On the week of July 10th, we ATTEMPTED to try and break through the $116 ish level, which is the level where our GREEN rectangle Resistance zone begins. BUT got rejected and have been in a DECLINE for about 4 weeks including this week. Note: This weeks candle has not yet closed and we have to wait till end of week. Notice the 2 RED circles, highlighting 2 seperate times where we tested the MAJOR RESISTANCE ZONE. -> This can very well be a DOUBLE TOP. -> Which can support a continuation of the downside action. We are currently TESTING SUPPORT at the upper border of my BLACK rectangle zone This coincides with the 0.618 FIB level or the $84.07 level. Since we havent closed yet, watch how we react here -> with a potential of price bouncing to the upside. If we end up below, and in the coming weeks CONFIRM below: Our next level will be the 0.5 FIB Level, which is at 73.99 Here the 21 EMA also converges at this point This could be a STRONG SUPPORT zone due to the confluence of 2 SUPPORT levels. This could then be a BUY ZONE, area to Scale in. We can also look to the 0.382 FIB level or $63.91 This level converges with the RESISTANCE Turned SUPPORT line from the price top. This is another level, provided the 0.5 FIB level fails to hold -> WHere you can add BUY ORDERS STOCH RSI indicator -> Had a BEARISH Cross and we are currently below the 80 level. If we continue down, we can reach and stay below the 20 level for some time. This normally leads to PRICE DECLINES. Wave trend oscillator -> We have reached at area where the GREEN line is starting to show curvature to the downside. If it continues this pattern, itll add to the probability of price DECLINES. Finally the RSI - Watch how the Orange line interacts with Black line, if Orange crosses below -> it normally indicates that we are in a price decline. "COINCLUSION" (See what i did there, lol): The Week of July 10, we attempted to test resistance to enter the GREEN REsistance zone, to only meet with REJECTION. This had lead to a correction in COIN, moving us to test the 0.618 FIB level. The area which converges with our Upper border of Black Rectangle/ Resistance turned Support. This area can be a place where we could bounce in price to try and reclaim the 0.786 FIB level. But if we cant HOLD 0.618, our next level will be 0.5 FIB level. This area due it being a strong support zone, can be an ENTRY point for potential trades or scaling in/ DCA'ing. Worst case is below that level at the 0.382 FIB level, which can also be a 2nd BUY ZONE. We would like to be ABOVE the 21 EMA though, to maintain the Bullish case. Always make sure to wait for confirmation before placing BUY orders. For example: if we confirm SUPPORT above 0.618, we can have a potential bounce back to the 0.786 FIB level. So you wouldn't short but Long. Stay tuned for more updates on COIN in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COIN
by SafofAllTrades
Bitfinex's LEO Token: An Unconventional Investment OpportunityAs I made a case for FTT and have made a case for COIN and GBTC before, I want to keep sharing some unique charts and cases. Again, my FTT idea was banned (from a little mistake), so I just reposted it and want to continue with more special cases. By special cases, I mean stuff that looks weird, infeasible, or tricky, where sentiment is leaning against my case, while there could be a significant catalyst that helps the trade. In my previous ideas, I went deep on some of those, and in the idea below, I shared some extra ones, like LEO. For example, FTT had people very negative about FTX being bankrupt, yet FTX might be revived, boosting the token's price. COIN had everyone bearish due to the SEC lawsuit, yet it's pumping hard, as most of the news was priced in, and Coinbase might win against the SEC. GBTC had a massive discount as everyone was bearish and worried, yet an ETF is coming. So what about LEO? LEO is a token created by Bitfinex, an exchange token with some 'special' rights. Those rights are that if Bitfinex gets the 2016 hacked coins back, it will distribute 80% to LEO holders. The FBI caught the hackers 1-1.5 years ago and is sitting on those coins. I assume that it will eventually give Bitfinex the coins back. If they don't, LEO will crash, but if they do, LEO could easily do a 2-3x from here. As you can see in the chart above, if the price of LEOBTC goes up to the highs it reached when the FBI caught the hackers, that's a 150% increase. Is it reasonable? The current market cap of LEO, in BTC terms, is 120k BTC. The hacked coins were 120k BTC. 80% of that is 96k BTC will go into buying back LEO tokens, and the rest to the Bitfinex team and shareholders. I expect that Bitfinex will get a big boost from this. As Binance is in a bad state, Bitfinex could capitalize on this opportunity. They have been making tremendous progress on many fronts, and I believe that this could be a significant catalyst. Giving 3B back to LEO holders and Shareholders is massive. The publicity will be huge too. The main issue against my idea is that LEO is the second biggest exchange token, yet Bitfinex isn't in the top exchanges by real volume. That means that, to a large extent, LEO has the return of the coins priced in because its price would otherwise not be so high. In my opinion, there is a chance that they will give the coins back to Bitfinex holders, potentially before the launch of the ETF, to cause selling pressure on the Bitcoin price. As BTC faces selling pressure from several 'sides' (Mt.Gox, US gov, Bitfinex, Bankrupt companies), prominent players/whales may use that opportunity to scoop cheap coins before the ETF launch.
BITFINEX:LEOUSDLong
by BitcoinMacro
OKB - The Token for OKX Exchange Part 2OKB / BTC (Part 2) Part 1 is OKB / USD. I continue my search for coins/tokens that outpace BTC. - Broken out of parallel channel & retest. - Bounce off 200 week could present buying opportunity. Fundamentals interesting - Top 25 Token by Market Cap. - OKX is a Malta-based crypto exchange OKX (Europe) - The OKX platform is the de facto European counterpart of the leading Chinese exchange, OKCoin. OKB is the global utility token issued by the OKX exchange, much like Binance offers BNB utility token. - The OKX Platform has the 7th largest Trading volume in crypto (just under Bybit and Bitfinex) - With MICA crypto regulations recently approved this could offer OKX a MASSIVE opportunity to compete with those in the top 5. - Designated as having a clean reserve by Crypto quant (excludes OKB token in POR calcs).
Long
by PukaCharts
OKB - The Token for OKX Exchange Part 1Chart Part 1 (OKB / USD) Chart Part 2 (OKB / BTC) follow up chart on my profile here. I continue my search for coins/tokens that outpace BTC. BTC / USD - Broken out of parallel channel & retest. - Long term trade 12 - 24 months to see upper targets hit. Some very interesting fundamentals occurring as you may not be as familiar with this exchange. - Top 25 Token by Market Cap. - OKX is a Malta-based crypto exchange OKX (Europe Section) - The OKX platform is the de facto European counterpart of the leading Chinese exchange, OKCoin. - OKB is the global utility token issued by the OKX exchange, much like Binance offers BNB utility token. - The OKX Platform has the 7th largest Trading volume in crypto (just under Bybit and Bitfinex) - With MICA crypto regulations recently approved this could offer OKX a MASSIVE opportunity to compete with those in the top 5 Exchanges. - Designated as having a clean reserve by Crypto quant (excludes OKB token in ProofOfReserve calcs).
Long
by PukaCharts
🔸What's going on with Binance?For ordinary traders of the exchange almost nothing has changed, which creates a dangerous illusion of non-seriousness of what is happening. At the same time, for professional participants dramatic consequences of this situation are already obvious ▪️First, just a week the exchange lost 16% of the market share. ▪️Vo. Secondly, we see an increase in the average withdrawal volume indicator by 5 times. Yes, we don't see sharp outflows, but what's worse, we see a dangerous trend ▪️Third, Binance's liquidity level has updated a two-year low, indicating a mass exodus of professional participants How dangerous is this? The main thing Binance has been accused of is working illegally with U.S. customers. Since spring 2021, when China banned crypto, Binance's average daily volume distribution has clearly shifted in favor of the U.S. session But the scary part is not that they are guilty, but that Binance's main market makers, which have enabled them to achieve such liquidity superiority, are based in America If they decide to leave now, reducing risks (and the data points to exactly that), there will be less and less liquidity on the exchange, and less liquidity = less attractiveness for institutional investors. Fewer institutions = less liquidity. As you can see, this is very dangerous. I recommend to take some time and register on other exchanges, but hold main of you asset in cold wallet: MEXC (The largest leverage in the market) ByBit (Exchange #2 in crypto futures trading ) Bitget (Huge deposit and withdrawal limits without verification) Huobi (Best conditions for institutional traders) BringX (Futures, stocks, commodities, FX) Best regards EXCAVO
by EXCAVO
3
Deeper Network DPR Crypto Bearish MDeeper Network DPR Crypto breaking down from the Bearish M Pattern with a drop to .0186cents. I am assuming it will do the drop when BTC Bitcoin does its next major drop. Bearish News: Eric CMO will be leaving Deeper Network, the employee turn over rate continues. Will they find another smooth talker, the possible new replacement is very choppy. Bullish News: Aug. 5 & 6, 2022 Deeper Network has an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. (On the AMA on 7/13/2022 at time spot 37:36 Eric said this might not translate directly into higher token prices. So that means something different and the thing right now we are also developing. I didn't get into too much of it, So apparently don't get your hopes up on a boost on the token price for this event. So they are just focusing on equipment sales I guess. Which has been a complaint from the community. Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time, there is an estimated amount of 3.3Million to 6.6Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live. -Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now) - Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect.............. - 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU -Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period. -Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity. - Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity. - Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet - Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed) - Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support) -10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors -Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown. - Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds…… Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed. -Company Info: -Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction) -Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything. -Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location. (A Few people have come and gone from the head ranks, not sure if currently accurate) Chief Executive Officer: Hui (Russell) Liu; San Jose, California Chief Technology Officer: Hui Liu/Chao Ma Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada Corporate Officer: Adam Wolfe Lei Chang; Saratoga, California Chief Marketing Officer: Eric Ma (Thailand) (He is leaving for another job now, another one of the upper ranks leaving, I believe the next person will be #3+ for this job title next) Chief Branding Officer: Yinan S. Software Developer: Arturo Jimenez Product manager: Kain Xu
Short
by C-J_
BKKT Extreme Volatility Option CallsBKKT is now at all time low, $3.41, after almost 3 months ago it was trading at $51. Bakkt is oversold for the last 24 days! But yesterday i noticed the highest out of the money calls that implied a huge volatility for BKKT: $35 strike price expiring May 20! I haven`t seen such a 900% price difference since the GME calls 2 years ago. This might be a great buy opportunity! if you don`t know BKKT, here are some details: Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards. Bakkt has announced a separate deal with Fiserv . Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet. Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app. BKKT`s Market Cap is 194Mil, basicaly a penny stock, lower than some of the most obscure crypto exchanges utility tokens. And when you think Bakkt is owned by ICE, Intercontinental Exchange , the company who owns the New York Stock Exchange! How high can this stock skyrocket from here?
NYSE:BKKTLong
by TopgOptions
3
BKKT at All Time Low ! Buy Opportunity ???Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards. Bakkt has announced a separate deal with Fiserv . Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet. Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app. 52 Week Range 6.13 - 50.80 BKKT`s Market Cap is 353.847Mil, lower than some of the most obscure crypto exchanges utility tokens. And when you think Bakkt is owned by ICE, Intercontinental Exchange, the company who owns the New York Stock Exchange! How high can this stock skyrocket from here?
NYSE:BKKTLong
by TopgOptions
2
Different Type of Crypto ExchangesLet's talk about Different Type of Crypto Exchanges Centralized Exchanges ( CEX ) 👉A third-party managed exchange system used to transact, manage your portfolio, store, and trade. 👉Binance, Kraken, FTX, Coinbase, and ByBit are some of the most renowned and heavily used centralized crypto exchanges. 👉Centralized crypto exchanges provide a convenient and user-friendly interface, including websites and apps that make it easy to transact cryptocurrencies at any time. 👉Since centralized exchanges are managed by companies who are responsible for the holdings of their customers, they are susceptible to cybersecurity risks. Decentralized Exchanges (DEX) 👉Decentralized exchanges allow users to trade cryptocurrencies without the need for a third party or Know-Your-Customer requirements. 👉Dydx, Uniswap, 1Inch, PancakeSwap, and SushiSwap are some of the most popular decentralized exchanges with good volume . 👉Decentralized exchanges aren't as easy to operate and are not recommended for beginners. This is due to factors such as gas fee settings, price slippage settings, use of hot wallets, etc. 👉Decentralized exchanges are non-custodial, meaning your funds are held in your wallet of choice. This lowers the susceptibility to cybersecurity risks, but since all dexes operate with smart contracts, potential exploits are possible. Hybrid Exchanges 👉Hybrid exchanges are a combination of both centralized and decentralized crypto exchanges. They combine the positive features of both the exchanges. 👉Some of the examples of hybrid exchanges are Qurrex, Eidoo, and Legolas. 👉They adopt the ease of use of centralized exchanges and the security and privacy of decentralized exchanges. 👉Hybrid exchanges are the missing link that unites the advantages of both decentralized and centralized exchanges. 👉The funds are not held in hot wallets, which means that they are placed in cold storage, thus making cyber-attacks on hybrid exchange highly impossible. Let us know in the comments section below and tell us what exchanges you trade on and why? For more educational ideas, analysis and scripts follow us. Happy Trading!
Education
by Tuned_Official