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Cryptocurency - Coin & Token Types: The Ultimate GuideIt’s important not to confuse the terms “cryptocurrencies” , "Coins " and “tokens,” Different type of them ,as there are fundamental differences that distinguish them. Summary: To put simply ,The two most common blockchain-based digital assets are cryptocurrencies and tokens. The biggest differentiation between the two is that cryptocurrencies have their own blockchains, whereas crypto tokens are built on an existing blockchain. What Is a Digital Asset? Broadly speaking, a digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens. What is a cryptocurrency coin? Cryptocurrency coin, like Bitcoin , is essentially a digital form of money that is backed up by a native blockchain The functions of a coin are strictly monetary — you can use it as a mean of payment, store of value, or as a speculative asset to trade, and essentially that’s it. The features of a coin are also similar to fiat money — it is fungible, divisible, and the supply is limited. By definition, a cryptocurrency coin serves only as a digital form of money. The most distinctive feature of a coin is that it is native to the blockchain it’s made on and operates independently from any other platform. Okay, then what is “altcoin”? This is essentially any cryptocurrency coin that has its own blockchain but is not Bitcoin . Some altcoins are just forks to Bitcoin , meaning that they base on Bitcoin’s open-source protocol but still have their own blockchains, like Litecoin. Others, like Monero or Ethereum , are completely independent blockchains. What is a token? The token is a non-native blockchain asset and its value goes beyond only monetary functions. Tokens also require another platform to exist and operate. For example, ETH is a cryptocurrency that is native to the Ethereum blockchain, which makes it a coin. However, one of the primary features of the Ethereum network is the ability to create new tokens within the network. The cryptocurrencies that are created on this network will be called tokens. For example, USDT — the most popular stablecoin pegged to the value of $USD is a token, which operates on the Ethereum blockchain. A cryptographic token is a digital unit of value that lives on the blockchain. There are four main types: 1-Payment tokens 2-Utility tokens 3-Security tokens 4-Non-fungible tokens Fungibility : All crypto tokens break down into two broad categories — non-fungible and fungible, with the latter being the most common type. Fungibility is a feature of a token which essentially means that one token is indistinguishable from another. In simple words, a dollar is always a dollar, and Bitcoin is always Bitcoin . You can exchange the $10 bills with your friend and each of you will still have the same value in the wallet. but Non-fungible tokens, or NFTs, are a type of cryptographic token — a digital representation of value that lives on the blockchain. NFTs can represent the value of physical assets. A painting, for instance. But they can also represent the value of digital assets, such as a short story that is only available online. NFTs have three characteristics that set them apart from other types of token: 1. THEY’RE UNIQUE -2. THEY’RE VERIFIABLE- 3. THEY’RE TRADEABLE -Utility Tokens: Utility tokens are a popular type of fungible tokens that you can think of as the chips at the casino. In the same way that you need to buy chips to play blackjack or poker, you need utility tokens to power the operations on the protocol. The most famous utility token example is Ether which powers all the transactions and smart contracts on the Ethereum network. As we just said before, ETH can be used as a means of payment, however, its primary purpose is to be utilized in the blockchain. Social Tokens (fan tokens):Social tokens can be a very interesting type of crypto utility asset that recently gained a lot of popularity among the crypto space and also presented the concept of tokenization to the broader public. In simple words, social tokens are backed by the reputation of an individual, brand, sports club, or just any community -Security Tokens vs Equity Tokens In simple, security tokens are common stock on the blockchain. These tokens are similar to the company shares held by the investors and companies usually issue voting rights through a blockchain platform. The tokens are liquidated to create an Equity Tokens. In other words, these tokens contribute an investment contract, where the Investors typically purchase in anticipation of future profits in the form of dividends, equal sharing of revenue generated and the normal appreciation process. Security tokens bridge the gap between the traditional financial sector and the blockchain framework; it’s one of the reasons banks have initiated the integrated Blockchain frameworks in their system. Issuing security tokens allows investors to raise funds through a thoroughly regulated digital share of its equity, asset or part of the revenue. The key difference between Security Token and Equity Token is that in the security token, an asset like real estate, gold etc. are used as collateral. However, in the case of Equity tokens, the shares of the company are diluted into tokens. We can place coins and tokens in different categories as you can see in the chart above, and some of them are common to other categories. As digital currencies are emerging, various other categories may be added in the future. -Governance token Governance token is the type of crypto asset that grants its holders decision-making rights over the project’s protocol, its product, and its features .it represent voting power on a blockchain project. They represent the main utility token of DeFi protocols since they distribute powers and rights to users via tokens. Governance discussions on Yearn Finance. With these tokens, one can create and vote on governance proposals. -Also Metaverse tokens are a unit of virtual currency used to make digital transactions within the metaverse. Since metaverses are built on the blockchain, transactions on underlying networks are near-instant. Blockchains are designed to ensure trust and security, making the metaverse the perfect environment for an economy free of corruption and financial fraud. -DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized platforms that operate using smart contracts. These provide users' access to a suite of financial applications and services built on the different blockchains. If you liked this and would like more you can visit us online Hodl & Shill we also have a private Discord Server
Education
by hodlandshill
Is LUNA the lone BULL in a pack of BEARS?As an intra-day/intra week trader it's been tough recently to find enough space for profit without risking too much. So I decided to look through some of my published ideas and found my hit rate to be satisfactory with one call that was way way off. (link below) So I was compelled to dig deeper and zoom out on LUNA/TERRA and see what the BIG PICTURE really is. LUNA had a meteoric rise since December and has never really quit. It's velocity has continued in one direction upwards. Higher highs and higher lows continue to be set as this asset has cracked the top ten crypto market caps and, excluding stable coins, is only behind BTC, ETH, and BNB. Just doing some back of the envelop math with a friend we calculated that LUNA, with BNB's market cap, would be priced around $170. Outside of TA and price spec this asset/network is flush with features and apps that many of it's layer one competitors have failed to check off the list including: 1. UST - The only major USD stable coin that is decentralized and not back by cash and commercial paper (USDT, and USDC are) and has continued to be added to major exchanges and adopted by other chains. 2. Anchor protocol (ANC) - Offering a staggering 19.5% for UST blows competitors out of the water as far as stable coin yield % is concerned. The same protocol/app allows you do deposit bonded LUNA (bLUNA) and bonded eth (bETH) and borrow from them. 3. Mirror protocol (MIR) - First of its kind, mirror protocol allows you to get exposure to traditional finance equities like ALPHABET, AMAZON, and MICROSOFT. And commodities exposure through mirrored assets that track USO (United States Oil Fund), SLV (ishares silver trust), IAU (ishares gold trust). To boot, all of these can be combined with an equal amount (in $ value) of UST and farmed on mirror protocol to earn MIR, or they can be borrowed from. 4. A handful of other earn/borrow decentralized apps like Valkyrie Protocol, Pylon Protocol, Mars Protocol, Orion Money, and PRISM) 5. TERRA has now become the 2nd largest, behind ETH, for TVL (total value locked) 6. NFTs (randomearth.io, KNOWEHERE, OnePlanet, Messier Art) and NFT gaming (levana, deviants factions) 7. Astroport and Terraswap - Next gen Automated market makers 8. StarTerra- Gamified Launchpad 9. Glow Lotto- a no lose savings/lottery platform where your deposit for entry is never lost 10. TNS - Terra Name Service, inspired by ens.domains I have yield-farmed and/or single staked on Binance smart chain, Avalanche, Polygon, Fantom, Solana, Cronos, and Harmony One. By far, my experience in the Terra ecosystem has been the best, without question. Maybe there are some other features I have left out, if you think I have leave some feedback. This is of course my opinion, but I do believe that this asset will jump BNB and become a top 3 crypto. The technical analysis looks good, the network looks good, the value added features look good. I cannot really come up with any rise why LUNA doesn't have ample upside. These are just my thoughts and opinions based on a decade plus experience in crypto-land. It is not meant to be financial advice. Please DYOR and trade at your own risk. Signing off for now, CryptoSlayer
Long
by CryptoSlayerFX
2
SUSHI (SushiSwap) Token Analysis 25/03/2022Fundamental Analysis: SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens. SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI. Who Are the Founders of SushiSwap? SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap. The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known as just Maki. Between them, they handle SushiSwap’s code, product development and business operations. More recently, de facto ownership of SushiSwap was passed to Sam Bankman-Fried, CEO of derivatives exchange FTX and quantitative trading startup Alameda Research. Bankman-Fried is a well-known participant and cryptocurrency market commentator, regularly appearing in media interviews. SushiSwap primarily exists as an AMM, through which automated trading liquidity is set up between any two cryptocurrency assets. Its main audience is DeFi traders and associated entities looking to capitalize on the boom in project tokens and create liquidity. AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges. SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future. The platform takes a 0.3% cut from transactions occurring in its liquidity pools, while its SUSHI token is used to reward users portions of those fees. SUSHI also entitles users to governance rights. SushiSwap attempts to mitigate the traditional risks of depositing funds in smart contracts by upping the governance powers of its users. The anonymity of its developers poses questions beyond a technical standpoint. In September 2020, for example, Chef Nomi was involved in a spat with users after withdrawing 38,000 in Ethereum (ETH) from SushiSwap. The funds were subsequently returned, with Chef Nomi publicly apologizing for doing so and calling the move a mistake. SushiSwap’s in-house token SUSHI is created at a rate of 100 tokens per block. The first 100,000 blocks had a block reward of 1,000 SUSHI. The supply of SUSHI will depend on the block rate. At approximately 6,500 per day, and therefore 650,000 newly-minted tokens per day, there will be roughly 326 million tokens in circulation by September 2021, a year after SushiSwap first launched. SUSHI had no premine, and began to be minted at Ethereum block number 10,750,000, beginning with a supply of zero tokens. The current CoinMarketCap ranking is #135, with a live market cap of $465,604,012 USD. It has a circulating supply of 127,244,443 SUSHI coins and a max. supply of 250,000,000 SUSHI coins. Alt-Season is Starting as the BTC.D of Bitcoin Dominance is Falling and Total Crypto Market Cap seems to be Bullish... Technical Analysis: we can clearly see the price of this Asset has lost 90% of its Value from its All Time High which is very undervalued and discounted for this Particular asset and is worth of investment as it is accumulating below 85%. There exist a Bullish Divergence of Price and MACD, which is a significant sign of Bullish Trend and Beginning of a new Cycle. there are 3 Targets Defined by Fibonacci Trend Base Extension tools to Project the height of the Upcoming Cycle.
Long
by BitonGroup
5
RAY (Raydium) Token Analysis 25/03/2022Fundamental Analysis: Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity. RAY is the native utility token used for: Staking to earn protocol fees Staking to receive IDO allocations Governance votes on protocol decisions AlphaRay leads overall strategy, operations, product direction and business development for Raydium. With a background in algorithmic trading in commodities, Alpha transitioned to market making and liquidity providing for cryptocurrency in 2017 and hasn't looked back. After diving into DeFi in the summer of 2020, Alpha saw a market need for an order book AMM to aggregate liquidity, and with the release of Serum, pulled together a team of experienced trading developers to tackle the problem head on. XRay is Raydium's Chief of Technology and Dev Team leader. X has 8 years of experience as a trading and low latency systems architect for both traditional and crypto markets. X designs all of Raydium’s systems and infrastructure as needed. GammaRay heads up marketing and communications while also playing a key role in strategy and product direction. Gamma spent a large part of his career at a leading data analytics and market research firm, working on both client engagements and corporate marketing. Prior to Raydium, Gamma's focus within cryptocurrency has been technical analysis and discretionary trading. Raydium launched its main net on February 21st, 2021 with 555,000,000 tokens created at genesis. 34% of all tokens will be released as liquidity mining incentives over a 3-year period. 30% of tokens are earmarked for partnerships and the expansion of the Raydium ecosystem. This includes giving grants to projects building projects around Raydium or helping our communities in general. These tokens are generally locked for 1 year and unlock linearly for the next 2 years. The current CoinMarketCap ranking is #179, with a live market cap of $288,449,758 USD. It has a circulating supply of 92,510,164 RAY coins and a max. supply of 555,000,000 RAY coins. we can simply see a huge volume is coming to the Altcoin Market cap and at the same time a huge collapse on the Bitcoin Dominance which is a very powerful sign of Bullish trend on the DeFi and Altcoin Environment and can interpreted as the start of an Alt Season... Technical Analysis: We used Fibonacci Retracement Tool from 0 to ATH and defined the Pivot Levels. The Price has Fallen below 85% of its All Time High and it has nearly Touched 90%, as it is bellow 78.6% of Fibonacci Retracement level, i.e. it is undervalued and seems very discounted for us to Invest in it. We can clearly see Bullish Divergence is Appearing with MACD which is a very good sign of Bearish Trend reversal and start of its New Cycle where it can cross its ATH soon. There are total of 3 Targets defined with Fibonacci Trend Based Extension Tool to define the Upcoming Cycle and the Targets to Unload Partially if required any. 3 TP gets its Confirmation as the Price Touches the 2 TP followed by some correction and Reaccumulation for the 3 TP. 90% (1.75$) and 95% (0.85$) of the Fibonacci Retracement Levels can be considered as the Support Areas.
Long
by BitonGroup
2
TRB / USD (Tellor) Token Analysis 24/10/2021Fundamentals Analysis: Tellor was launched in 2019 by a U.S.-based team with the aim to address the oracle problem on the Ethereum (ETH) blockchain. Tellor is an Ethereum-based, decentralized, secure oracle for decentralized finance (DeFi) decentralized applications (DApps). To learn more about this project, check out our deep dive of Tellor. Tellor allows DeFi DApps to receive high-value data for smart contracts. The data feed’s stability and reliability are ensured by staked miners who participate in proof-of-work (PoW) consensus. The team behind Tellor also built Daxia, which is a derivatives protocol on Ethereum. Daxia created tokens that represented long or short sides of a trading pair, and an oracle was needed in order to execute these smart contracts. As a result, the team created Tellor, which is a decentralized, purpose-built oracle solution. Tellor takes advantage of the proof-of-work consensus algorithm in order to provide a high level of security to the network through decentralization. Alongside the PoW solution, miners need to provide an off-chain data point. Participants of the network also have to deposit a minimum sum of 1000 tokens as a stake, which acts as a guarantee of the correctness of data inputs. The TRB utility token is an Ethereum-based token that powers the Tellor system. Tellor works by allowing users to send queries to the oracle network, where TRB tokens are used as an incentive for miners to choose a particular query. Later on, other users that want the same data can pay for it more to further incentivize miners. Approximately every 10 minutes the oracle selects the best-funded query and provides a challenge for the miners who have opted towards solving it. Miners can then submit their PoW solution and off-chain data point within the oracle contract. The oracle then validates the input and saves it on the chain. Once this happens, the miners are finally rewarded for their mining efforts. Anyone that has TRB tokens can dispute the validity of a mined value, however, this needs to be done in a 24-hour interval by paying a dispute fee. Tellor was co-founded by Brenda Loya and Michael Zemrose. Brenda Loya is the CEO and co-founder of Tellor and in the past worked as the VP and lead developer at Daxia in the field of blockchain, scalability and data science. She was also the supervisory statistician in employment and training administration at the U.S. Department of Labor. Michael Zemrose is a co-founder of Tellor and used to work as the chief strategy officer at Daxia. He was also a coach for small business owners at Real Elevation. The current CoinMarketCap ranking is #404, with a live market cap of $109,136,660 USD. It has a circulating supply of 2,005,905 TRB coins and the max. supply is not available. Technical Analysis: The Token had a Bullish run and made ATH then retraced to 78.6% level of Fibonacci Retracement Level, where it is currently Reaccumulating and we are expecting a bullish wave and a new Higher cycle soon. we have defined three new Targets with Fibonacci Projection of the Past Bullish Run and highest pick and lowest retracement dumps. the 3 TP gets confirmed as soon as the price Touches the 161.8% of the same Fibonacci projection followed by some retracement and price correction.
Long
by BitonGroup
2
Daily Luna Update 3/27Luna gathered up the gumption to retest the $91 s/r yesterday after the decisive break to the downside on 3/25 but just couldn't hold it. Last few attempts showed declining volume and it looks like we're riding the wave back down currently. Big bearish candle after second failed breakout (red arrow.) Not quite "engulfing" but it certainly makes a statement. Looks like short term we're riding a channel. I use these as a weak indicator. Breakouts with a decisive close suggest a change in trend, but other factors such as overall trend movement and historic horizontal support/resistances carry a lot more weight for me. On this short term chart, MACD did flip positive yesterday but is trending back down. RSI crept up to just below 50 and is also swinging back down. Overall forecast remains the same. I think we could dance around in this zone a bit longer but if/when we break below 87 it could be a fairly dramatic move down since volumes this year are relatively thin in the 50-87 range so we might have trouble finding a new support level in there. In terms of big picture trends, we still haven't triggered any major indicators on the 3d chart but we're getting close: Watching for RSI < 50, negative MACD histo, and a drop below the 18 SMA. All are trending in a negative direction. Lastly, bollinger bands (12 day) are getting pretty tight which can be indicative of a big move coming. Nothing is written in stone yet but the failed retest of 91 with overall trends looking the way they do makes me think we're going down before up.
LShort
by kmacman
ICP Weekly is a must watchNot a Financial Advisor. I've been away for a bit - Market looks much nicer! So I've been working on ICP projects (NFTs) during my absence I firmly believe this coin will be 4 figs - the development being done on this blockchain is state of the art. Truly remarkable. Developers all know it, few get to see that side, it's going to incredible in the coming years. ICP is a long term investment - you can make money in the short term likely to hit $100 in the next 8 weeks in my opinion. BTC integration coming. ETH integration coming before 2023. This small community is going to continue growing, ICP should turn heads this year. Breaking major downtrend on the weekly - look into the BTC integration - how many coins have been burned, should help research.
COINBASE:ICPUSDLong
by StofAxeCapital
3
SRM LONGTERM ANALYSISIn our previous SRM analysis, we identified areas to buy and averege in. We have gotten our wish buy zone at the 1.236 fib support region which coincides with the PoC(Point of Control) on the Volume Profile tool. We can also see the RSI is at support region tho not oversold yet(weekly) and the Stochastic is oversold which makes for a good buying opportunity to average in. However, don't go all in and only invest what you can afford to lose at these prices as Bitcoin could still take another rollercoaster ride to the downside. Watch and place more orders around the $1-0.8 dollar region for volatility. Hold till Price Rejection. If you agree pls like and share your thoughts below.
SLong
by RektMyMom
1
$OMG/USDT 8h (#BinanceFutures) Falling wedge breakout and retestOMG Network (a.k.a. OmiseGo) regained 50MA support and is pulling back to it, looks good for another bounce after. Current Price= 4.023 Buy Entry= 4.004 - 3.800 Take Profit= 4.399 | 4.798 | 5.237 Stop Loss= 4.085 Risk/Reward= 1:1.2 | 1:2.16 | 1:3.22 Expected Profit= +25.48% | +45.92% | +68.42% Possible Loss= -21.28% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 2x Estimated Gain-time= 5 weeks Tags: #OMG #OMGUSDT #PoA #OmgFoundation #BobaNetwork #Layer2 #Scaling #DeFi #Payment Website: omg.network Contract: #ERC20 0xd26114cd6ee289accf82350c8d8487fedb8a0c07
Long
by TradingOn
5
$AVAX/USDT 4h (#BinanceFutures) Rising wedge breakdown & retestAvalanche lost 100EMA support and is pulling back to it, probably before retracing down again. Current Price= 79.44 Sell Entry= 79.54 - 82.21 Take Profit= 71.56 | 66.50 | 59.72 Stop Loss= 88.07 Risk/Reward= 1:1.29 | 1:2 | 1:2.94 Expected Profit= +23.02% | +35.54% | +52.30% Possible Loss= -17.80% Fib. Retracement= 0.618 | 0.883 | 1.272 Margin Leverage= 2x Estimated Gain-time= 2 weeks Tags: #AVAX #AVAXUSDT #AvaxNetwork #AvaLabs #PoS #SC #DApp #DeFi #BSC #Gaming $WAVAX Websites: avax.network avalabs.org Contracts: #Mainnet #BEP20 0x1ce0c2827e2ef14d5c4f29a091d735a204794041 #AVAXC 0xb31f66aa3c1e785363f0875a1b74e27b85fd66c7
Short
by TradingOn
🔥DeFi Opportunity - STRONG Entering MAJOR Buy Zones🔥The StrongBlock protocol offers “Nodes as a Service” (NaaS) which allows you to create a full Ethereum and Polygon nodes in a few seconds with no technical expertise. You then get rewarded 0.9 STRONG per day. WHO & WHAT IS STRONGBLOCK? StrongBlock was the originator of NaaS projects and its main co-founder is David Moss who was the VP and Head of Development for Block.one the creators of the EOS blockchain (currently #57 on CoinMarketCap) before launching StrongBlock. The problems that StrongBlock solve are that nodes are an important part of decentralization yet almost all blockchains currently have too few nodes to be anywhere near decentralized and these lack of nodes also become a weakness in the strength of their blockchain. PATIENCE Patience has been the key for potential success in STRONG. StrongBlock has a fully doxxed team, a clear and strong roadmap and most importantly, they solve real world cryptocurrency problems. For these reasons, StrongBlock has the potential to become a major in crypto. You simply had to wait for the right time to enter to start earning your daily rewards, benefit from price appreciation of STRONG which will greatly reduce the time to recoup your initial investment and be able to purchase more nodes because the investment cost has decreased. BUY ZONES 🧨🧨🧨 After an extended period of price decline, STRONG has entered major buy zones. Currently STRONG is in Buy Zone 1 🔥 which is based on historical support & resistance ranges. This range is a good place to start DCA'ing (Dollar Cost Average) into STRONG. STRONG has the potential to go down into Buy Zone 2 🔥 which is a great zone for you to continue to DCA into STRONG. Zone 2 is where it will encounter some historical strong price volume activity which may become a floor to the price. If STRONG falls through this zone into Buy Zone 3 🔥 , then this is definitely a great zone to continue to purchase STRONG as it is in the $0-$50 range which is a new territory for the price but the fundamental strengths of the project remain, therefore a great buy zone to accumulate STRONG. ⭐ If you liked this content, please consider subscribing and giving it a Thumbs Up 👍. If you have any feedback or suggestions, please leave a comment below as I answer each comment. Namaste 🙏
SLong
by TheUnbounded
4