SRM - Serum Feb 2021 OutlookSerum is the world’s first completely decentralized derivatives exchange with trustless cross-chain trading.
As Serum approaches 600m in lifetime volume, we’re consistently seeing $15m+ trading days, as such buy and burns are increasing in size.
As of Jan 12 2021
As the markets get more volatile, we’ve seen larger orders executing on Serum DEX.
$450000 of BTC
$525000 of BTC
$237000 of ETH
***
100M users from $MAPS will add huge value into $SRM and $SOL
Serum is not only a DEX, it is an on-chain financial infrastructure built on Solana.
Don't be surprised if you see $SRM and $SOL in the top 20.
DEX
Uniswap Gearing Up New All Time Highs (Biggest DEX in DeFi Now)We called Uniswap at $4.50 on December 31st 2020 and now it's currently trading at $7.70 still boiling up. I've been adding to my Uniswap Bag.
As of now Uniswap is right on the cusp of re-testing and surpassing it's all time highs at around $8.70. Uniswap now has over 3 Billion in liquidity locked in the decentralized exchange (DEX) and is swiftly rising. It now sits as the biggest decentralized exchange in the DeFi ecosystem surpassing Compound Finance and Sushiswap according to coingecko.com
I'm extremely bullish on Uniswap as I see it as being the Binance of decentralized exchanges this year. Nothing but adoption and utility are surrounding this project. It is becoming clear that Uniswap is becoming a juggernaut in the Defi ecosystem for liquidity and still has much more room to grow this bull cycle.
Fundamentally and technically it's looking positive for Uniswap. We blasted though the 0.786 ($7.20) on the Fibonacci levels and now we're looking to test all time highs at 1.0 on the Fibonacci levels putting us at ($8.70) for our finally target before a new price discovery phase.
Decentralized Finance (DeFi) is going to explode in 2021 and there's no doubt that Uniswap will play a critical role. I have Uniswap inevitably being over $10.00 by early Feburary or even sooner at this pace.
Current Support Levels: $6.00
Resistance: $8.70
Cheers! Happy Trading and Investing! Have a wonderful and positive weekend.
Uni 1D Global thoughtsIn recent days, Uni's growth has been amazing, surpassing our expectations from the previous idea.
Now, the Uni price is reaching the liquid zone $4.35-4.50.
The Uni price fixing above this zone will open the way to the next level $5.50.
If sellers become active, then the first significant stop of the fall should be expected no earlier than $2.70.
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UNI 12h. What does it take to grow to $3.65?The previous UNI idea achieved its target.
It's time to continue the series of predictions.
Now the UNI price is stuck in the no gravity zone and is waiting for an impulse that will guide it to the right direction.
The most correct thing is to wait for this impulse and then join the strong ones.
If the price can fix above $2.55 , then will open the way up to $3.36-3.65 .
But at the moment, there is a significant weakening of interest in UNI purchase , if this trend continues and the price fixes below $2.12 , then the fall into the zone $1.35-1.40 may begin.
It is also interesting that both growth and fall can reach their targets in 7-8 November , although forecasting in the time frame is in most cases thankless task.
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Why Uniswap Is So undervalued ? King of DEXs?Last year, the world’s three largest stock exchange operators grossed $7.3 billion in profit. Combined, these companies have a global market value of $92.4 billion. They are money machines. All they do is sit in the middle and match buyers and sellers.
Now, they do it very efficiently. And they do it very quickly. That’s why they make so much money. When seconds can mean the difference between making thousands on a trade or millions, traders are willing to put up with their fees.
For crypto, Uniswap saves users time and money. You don’t need to send your tokens to an exchange, wait an hour, trade, and then send the crypto back to your wallet. It can all be done almost instantly through Uniswap’s wallet and on-chain. In return, it collects a smaller fee than the big exchanges today.
We see Uniswap as the hands-down king of DEXs. And as it takes its place at the top, UNI holders will benefit through a potential 0.05% fee change in the coming months.
To gauge what UNI is worth, let’s assume the fee gets implemented – which we believe will happen in the coming months.
Since September 1, Uniswap has averaged $386.7 million in volume per day. If it were to merely maintain its market share – based on UNI holders earning 0.05% in fees on this volume – over the course of a year token holders can pull in just north of $70.5 million.
By January 2021, UNI’s total circulating supply is expected to be nearly 240 million tokens. This would work out to be just over 29 cents per year per token in earnings.
Now, to get a starting point for what the market pays for these earnings, let’s look at three publicly traded exchanges and their price-to-earnings (P/E) ratio.
CME Group: 25.65
InterContinental Exchange: 26.65
Nasdaq: 26.45
Average: 26.25
So investors are willing to pay an average of $26.25 for every $1 in earnings.
Using an average P/E ratio of 26.25 would give UNI a price of about $7.73. At the time of this publishing, UNI was trading around $3.0078 So it’s already trading at a more than a 59% discount compared to traditional exchanges.
The same way Amazon owned e-commerce by making it easy for people to buy online, Uniswap is in a position to dominate the trading of ALL assets, not just crypto because it’s made it easier and far cheaper to use than traditional exchanges.
And because of the design of the blockchain, it can do this with just a handful of people. Think about that: Uniswap is dominating all crypto trading with just 10 people. The top three exchanges – Binance, Kraken, and Coinbase – have a total of 2,469 people on their teams.
It took Uniswap less than two years... only $11 million dollars... and only 10 employees to reach the same trading level it took Coinbase 5.5 years, 1,200 employees, and $500 million in capital to reach.
I need you to understand how disruptive that is. If I were a Coinbase, Binance, or Kraken shareholder... I’d be very worried right now.
As a cheaper, faster, and easier option, Uniswap is going to eat their lunch.
Buy AST - Strong Accumulation - Low Risk Entry based on PriceBuy AST - Strong Accumulation - Low Risk Entry based on Price
BAND- Just got listed on Coinbase! Another oracle play like LINKThere is no denying that LINK's first mover advantage in Oracle space, amplified by the DeFi gold rush, has resulted in its tremendous surge recently.
Another reason is that many of its competitors such as BAND, TELLOR, DOS and NEST can only be traded on Dex (decentralized exchange), centralized exchanges such as Polonix (who still use it?) and foreign exchanges that don't take U.S residents (Binance and many other obscure exchanges)
That changed today when Coinbase added BAND! With the increased liquidity and exposure, I ams sure people who are eagerly looking for the next LINK will not miss it.
ETH- Stars are aligned Simply put, ETH's 400 price lvl is equivalent to 6k price level of BTC.
Once S/R flip happens, it should be all smooth sailing for ETH as long as the macro condition remains strong.
Three main catalysts all converge together at the same time.
#1. Fundamental factor-
Medalla is the final testnet before the launch of the Eth 2.0 network, which according to Vitalik's optimistic expectation, can be expected to happen before the end of this year. The official launch timeline of ETH 2.0 has been delayed several times already, but the benefits of enhanced scalability and privacy can't be overstated once the network switches to Proof-of-stake (PoS).
#2. Short-term hype & buzz-
DeFi gold rush has just started. However, there is a good chance that it will fade away like IEO of last year. The high interest rate is unsustainable as ppl are moving from one lending platform to another in the constant search of high yield and governance/lending token appreciation. Most decentralization exchanges (DEX) also benefit from the yield farming phenomenon as most experienced record trading volume last month.
There are two reasons why ETH's price will go up because of the yield farming. First, since most lending and DEX tokens are sitting on the Ethereum blockchain, it is plausible to think that it could propel ETH's price as long as the amount of ETH locked in DeFi contracts has the impact on the supply of ETH. Second, according to The Block, the market cap of all ETH tokens recently surpassed the market cap of ETH itself. Therefore, ETH is possibly poised to rise as growth in the utility layer trickles down to the base layer.
#3. Technical lvl-
As stated above, 400 price lvl is an important psychological lvl. Once it is breached and retested, it will become a strong support lvl. Moreover, I believe ETH has more upside than BTC as it still has a long way to go before it reaches its previous ATH.
Furthermore, two of Ethereum's major competitions, Tron and Cardano, are falling behind in the DeFi and Dapp race as TRX has just announced to enter the DeFi space and ADA is lackluster in the Dapp performance.
Even if the 400 resistance lvl is strong, ETH is still poised for the major breakthrough in the near to mid-term. I would continue to accumulate on the dip when the price drops to those two buy zones I list in my chart.
Thanks for reading through my analysis :) Don't forget to click like!
Solana - Huge giveaway, Cybertrack, and Dex with FTX Despite the scary wicks, highlighted on the chart, I still believe that SOLUSDT doesn't topped yet.
Why? The overall environment is looking good. FTX is launching a decentralized crypto exchange built on the Solana blockchain soon, besides, The Solana Foundation will conduct airdrop with a chance to win a Tesla Cybertruck (rules on their website or in my TG channel).
Outlined a couple of trading ideas on the chart.
Disclosure: Currently I long Solana.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
BNB/BTC starts a new up trand waveActually we have broken the consolidation triangle with increasing volume which marks the beginning of the new up trand.
Accortding to FIB it should touch at least 42k of satoshis.
Moreover it's quite real with all upcoming upgrades of binance (DEX, BNB Blockchain, the progressive adoption)
SPOTTED! $LRC Whale Is On The Silent Accumulation!Long term investment and playing trend is no doubt on LRC chart. It looks juicy how whale is actually accumulating without people's knowing that. Well, what if people know that you just ain't get the information. Hmmm interesting.
Loopring is ranked #70 on coinmarketcap.com with 1.375 billion of total supply and 789 millions are on the circulating.
Loopring is DEX that have quite nice interface and friendly use. But the think that i need to highlight is the color gain and correction. Both are green at the moment lol
So be careful..
DEX is not really relevant but DEX need to be prepared for future users gains and protect users from centralized exchange. I think even tho i'm not really interested using DEX recently, but they need to be supported, it's a long game.
Judging the fact that this chart is quite tempting for mid term game. I don't need to speak a lot. But beware of the RSI. Even the price action is so flat i don't why RSI is quite high. It means that even the pump might occur soon but it'll limited due to this factor. Well, let's see.
The most closer resistance for mid term game is 2794 sats. Will post the close look on the update for short term game.
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AST/BTC: Reversal on the MACD, back to the top of channel!MACD 4hr reversed. AST kissed the support line and bounced right off of it. Good signs for the next target of ~8069 satoshi.
Things are very shaky thanks to BTC, trade at your own risk! I'm expecting a big dip soon in BTC.
Bitshares [BTS] vs Bitcoin [BTC] with EOS Win Button!Bitshares is moving alongside EOS, and has the ability to use its Dex within the EOS system environment
expecting big things here, we gotta long way up to go again so rewards are good and the risk is low
possible entries 2700 and under, watch bitcoin price for further push down on BTS price
www.futuretechpodcast.com
KMD THE SLEEPING GIANT Breakout confirmed + Bitcoin Hush AIRDROPKOMODO will likely emerge as one of the most liquid privacy coins in 2018, and I would suggest anybody to look into the huge potential it has for this year! They have an open-source project that is making waves in the blockchain technology. Leading 1st place with over 30,000 Atomic Swaps, its BarterDEX technology hopes to create a decentralized exchange (DEX) for Bitcoin, bitcoin-protocol, as well as other SPV Electrum-based coins. Not only this, but it utilizes something called JUMLR which is an anonymizer that allows individuals to mask their trades. More recently, Komodo has got an Airdrop coming up with Bitcoin Hush and some planned further announcements coming up like a New Website Launch. I'm sure more marketing will get pushed as they go LIVE and attract more investors into their community. As we seen in December, this coin can rally fast so lets check out what it offers.
TA - On the DAILY:
- Recently broke descending triangle pattern
- Heavy rejection on 50,000sat support level
- MACD crossing supports bullish movement
- RSI moving (also a good short-term BUY)
My Trade Idea:
BUY: Below 63,000sats
SHORT-TERM (1-2Weeks)
Target 1: 70,700sats
Target 2: 79,000sats
MID-TERM (1-2Months)
Target 87,600sats
Target 4: 98,000sats (0.618 Fib)
STOP-LOSS: 44,000sats
PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice!
SOURCES:
komodoplatform.com
twitter.com
medium.com