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Erc20

XSWAPUSDT: Attempting to Double Bottom at the 0.618 RetraceXSWAP very recently listed and there's not much yet known about the coin, however, the combination of the lower timeframe price action surrounding the macro 0.618 Fibonacci Retrace and the current trend of decreasing supply on this coin has caught my attention and therefore I see it worth playing to see if we can get some major Bullish Continuation Candles in the near future perhaps taking it up to around 10-12.5 dollars which at its current level of supply would bring the market cap up from 37 million dollars to around 3-4 billion dollars. Assuming the supply keeps going down and the double bottom holds we may even manage to go higher, but that's yet to be seen and I currently do not know why the supply is currently contracting as much as it is, but I can confirm that for whatever reason over the last 24 hours at least 3,299,262 Coins have been burned.
XLong
by RizeSenpai
LUKSO $LYX and digital identities, a hidden gem?Chart: This is the old LUKSO chart before they migrated from ETH, current price sits at 9 - 10 $ but due to no history i used the old chart. 16$ area will be important to break and then 24$ in sight with 40$ ATH. LUKSO should easily reach price discovery due to new chart and the reasoning below. WHAT IS LUKSO: LUKSO was initially launched as an ERC-20 project by Fabian Vogelsteller, father of the ERC20 Standard. LUKSO is aiming to be more social and more community oriented. LUSKO focuses on bringing Blockchain to the masses, similar to what AMEX:NEAR aims to do, make it more accesible and useable for all. With even more normies onboarding this cycle especially due to possible ETF approvals, i think the "accesible to all L1" narrative is strong. UNIVERSAL PROFILE - Page 24 WP The big statement LUKSO wants to make is stop storing everything on keys and start storing on your universal profile. A profile that can receive any asset, they all call the same function. Basically embracing the narrative of a Digital identity which is an untapped market to my knowledge. There is a lot to read and more to LUKSO than just their universal digital profiles, its an old project with a mediocre performance last cycle on its old chart at 40$ ATH. Currently around 9-10 $. Yet their team has been building and they are developing a product that stands out. LUKSO was one of those projects that seemed promising but had little to provide, thus stayed in the shadows.
CRYPTO:LYXEUSDLong
by Suneater69
AMP providing good R:R for a 300-400% Bull Cycle Altcoin PumpAmp is an Ethereum token that aims to “collateralize payments on the Flexa Network, making them instant and secure.” If a BTC or ETH payment fails due to unconfirmed or long transaction times “the Amp collateral can instead be liquidated to cover losses” while the vendor receives payment in fiat, potentially providing greater assurances to both parties. The Risk: Reward looks very good for bullish reversal out of the extreme bear channel. Be disciplined and take profit whenever the Beta to Alpha pump has completed
GEMINI:AMPUSDLong
by noam_chom
2
Callisto Network - Adam & Eve pattern - #2023YearofERC223Callisto Network is forming an Adam and Eve pattern on its trend analysis chart, indicating a potential uptrend in the market. Callisto Network, a blockchain platform focused on providing security and scalability solutions, has announced the end of write the Proof of Concept about Z Consensus. The new protocol will have a significant impact on both PoW and PoS on Callisto Network, as it could provide a new approach to achieving consensus in blockchain networks. This could potentially lead to more efficient and secure consensus mechanisms, improving the overall performance and reliability of blockchain systems. In addition to this, Callisto Network has also been working closely with Dexaran, a well-known blockchain Security Architect and Callisto CTO. Dexaran has been advocating for the adoption of ERC223 since its proposal in 2017 and has actively worked towards its integration with the Ethereum network. He is intorducing and ERC20-to-ERC223 wrapper contract to facilitate the transition towards the use of ERC223 tokens, which are more secure and efficient than the widely-used ERC20 tokens. This highlights the importance of community-driven efforts in shaping the future of blockchain technology. Overall, these developments are likely to increase the adoption of Callisto Network as a reliable and secure blockchain platform. The integration of ERC223 tokens and the implementation of ZPOW consensus algorithm demonstrate Callisto's commitment to innovation and improving the overall user experience. Additionally, the security department continue to offer its services to other projects and companies that require security audits or consultancy. With these enhancements, Callisto Network aims to become a leading provider of cybersecurity services in the blockchain industry. For more other info, the strategic plan is reported on the following link > docs.callisto.network
CLong
by lelonex
Is NFTfi the future for the crypto?In 2020-2021, DeFi was the main driver of market growth and bull cycle development, giving users more uses for tokens and opportunities for users to earn. DeFi will likely no longer be able to give the same opportunities to the crypto market due to the lack of implementation of new breakthrough concepts. The only thing DeFi apps can do is to give a lighter user experience, but that probably won't have the same effect as in 2020-2021 But there is another sector which can repeat and is likely to surpass everything which was given by DeFi. Is it really NFTfi? Let’s go step by step: 1. DeFi were created for ERC-20 to give the users more opportunities to use it. NFTfi are created with the similar aim, but for the ERC-721/ERC-1155 standard tokens. 2. ERC-20 is the project tokens based on a blockchain. ERC-721/ERC-1155 are the project tokens based on a blockchain. 3. The projects, which had the ERC-20 tokens, have their own products and applications. We can say the same about the ERC-721/ERC-1155 tokens. At first sight, we see that these two sectors are identical to each other. Why can the NFTfi and ERC-721/ERC-1155 tokens give the market much more than DeFi and ERC-20 could? ERC-721/ERC-1155 is a natively more understandable technology: trading pictures with a monkey is more understandable than trading token SocialFi platform or AI solution. NFT is a more scalable technology as it allows you to tokenize a single cluster, whose object has unique properties and cannot be evaluated like any other object within the cluster. For example, real estate, premium and unique accessories, resource deposits and other. It is much easier to make convenient and simple NFTfi applications for NFT. NFTfi is the same as DeFi, not for common tokens but for unique assets. NFTfi gives all the same application options as DeFi: loans, credits, p2p exchanges, liquidity pools, decentralized futures etc. At the moment the most promising and largest sector within NFTfi is NFT lending. NFT lending are products that allow NFT owners to borrow and lend. Lending is the first level of the whole financial system, just like TradFi, then DeFi and now NFTfi. A brief review of the TOP 5 products of the NFTfi sector for traders BendDAO ($BEND) TVL: $187m Price: $0.024 ATH price: $0.069 Market.cap: $9.3m FDMC: $243m ParaSpace (no tokens) TVL: $37.7m Jpeg’d ($JPEG) TVL: $23m Price: $0.0013 ATH price: $0.0066 Market.cap: $27m FDMC: $92m NFTfi (no tokens) TVL: $10m Frakt ($FRAKT) TVL: $6.6m Price: $0.1$ ATH price: $2.4 Market.cap: $487k FDMC: $5m As we can see, almost all projects from the NFT lending sector are undervalued by the market. TVL of projects which have a token is higher than the current market capitalization, and for Frakt it is even higher than the total capitalization. Two of the top-5 projects currently don't even have a token. Moreover, it's worth mentioning that many cutting-edge and exploding products are also still under construction. Conclusion Now we can conclude that the NFTfi market is severely underestimated, considering that the NFT sector takes about 50% of all transaction turnover on Ethereum, for example, and Solana got users and developed as a project only through NFT. If the idea was interesting, give us a rocket and express your opinion on the topic. Soon we will post a second part of it, where we will look at other projects and mention the ones that may become the leaders of the market after the launch. Stay tuned!
Education
by Samura0x
5
$ERC20WETH ERC20 The ERC20 Token was originally conceived as an upgraded alternative version of a cryptocurrency, providing advanced features. But through the years 97.000 holders of ERC20 token since 2017 found many ways to use the token according to trends people need. What is more interesting is that the EC20 Token can move far beyond just crypto-currency. Smart contracts, fast transactions, collecting and other advantages of ERC20 Token around decentralised blockchain and decentralised markets, among dozens of other such concepts, have the potential to substantially increase features and usage of the crypto industry, and provide a massive boost to other peer-to-peer world by adding for the first time an economic layer. Finally, there is also a substantial array of potential that have nothing to do with money at all. Progress does not stand still, and in the future many issues and problems can be resolved. ERC20 Token with a built-in smart-contract introduced the future needs and desires of users and make it possible to carry out reliable and confidential transactions without the participation of external intermediaries in the person of banks or other third parties. The concept of decentralizing and “Internet of money” as implemented by the ERC20 Token provides for users with unique potential; rather than being a closed-ended and borders limited, transaction's time limited, tools limited, ERC20 Token is open-ended by design, and we believe that it is extremely well-suited to serving as a foundational layer for a very large number of both financial and non-financial world in the years to come..
ELong
by BADQOMOCAWGOWLD
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Equities and crypto have reinitiated a correlation in today's session as they both rallied on news of China reopening. Aside from that I don't see too much else being bullish with a lag in further supply chain disruptions, the Fed beginning its balance sheet reduction tomorrow and committing to a whatever it takes monetary policy to ring in inflation, a potentially higher CPI number due June 10th and oil prices due to rise as the EU prepares for life without Russian oil.* Recommended ratio: 55% ETH, 45% Cash. Price is currently testing the upper trendline of the Bull Flag from 05/12/22 ($1975) while simultaneously testing $1941 resistance (if it closes above it today it will flip to support). Volume remains moderate and is on track to break a three day streak of buyer dominance if it closes today in the red; Price is currently trading in the third largest supply/demand zone. Parabolic SAR flips bullish at $2407, this margin is mildly bullish. RSI is currently trending down slightly at 42.17, the next support is at 36.91 and the next resistance is at 55.31 (which would coincide with the descending trendline from February 2020). Stochastic remains bullish and is currently testing 80.69 resistance. MACD remains bullish after breaking out of the downtrend from 04/04/22 and is currently trending up slightly at -170.81; the next resistance is at -90.80. ADX is currently trending down at 45.70 as Price is surging, this is mildly bullish. If Price is able to establish support at $1941, the next likely target is a test of the 50/50 uptrend line from February 2017 at $2140. However, if Price breaks down here and falls back into the Bull Flag, it could potentially retest $1711 minor support. Mental Stop Loss: (two consecutive closes below) $1925.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Weekly TA Neutral BearishETH/USD Weekly neutral with a bearish bias. *Depending on the outcome of the launch of the Merge (transition from POW to POS) on Ropsten testnet 06/08/22, many in the Ethereum community ( including co-founder Vitalik Buterin ) believe that it could launch on Mainnet by August if the transition is successful... or by September-October if there are any hiccups.* Recommended ratio: 45% ETH, 55% cash. Price is currently formally testing $1944 major support (which coincides with the uptrend line from June 2020); this is a critical support, if broken it will likely lead to a significant drop (at least 25%) down to $1400 and perhaps below. Volume remains moderate and is currently on track to favor sellers for eight consecutive weeks (new Ethereum record). RSI is currently trending down at 34 and is quickly losing support at 37.35 as it aims to test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently testing max bottom as it will look to form a trough and attempt to cross over bullish. MACD remains bearish and is currently forming a new ATL at -274.38 with no signs of trough formation. ADX is trending up slightly at 21 as Price continues to fall, this is mildly bearish. If Price is able to defend support here between the uptrend line from June 2020 ($1825) and $1944 major support, the next likely target would be a test of $2361 resistance. However, if Price breaks down below the uptrend line from June 2020 at ~$1825 then it will likely test the lower trendline of the descending channel from October 2021 at $1407 support before potentially heading lower to test the 200 MA at ~$1200 for the first time since July 2020. Mental Stop Loss: (two consecutive closes above) $2000.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Equities are seeing a small bounce today with markets trying to price in a theory that the Fed may slow down interest hikes after frontloading in May and June; either crypto markets led the rally earlier this week or they're following. If crypto surges it may be short-lived so it's prudent for traders and investors to have tight mental stop-losses and be wary of a potential Dead Cat Bounce or Bull Trap.* Recommended ratio: 53% ETH, 47% cash. Price is currently completing a weak Descending Triangle formation (weak because it can also be a Bull Flag) as it tests $1941 support for the eighth consecutive session and now twelve of the last fifteen sessions (80%). Volume remains moderate (low) and fairly balanced between buyers and sellers; however, it is currently on track to favor sellers in today's session (this would be mildly bearish). Parabolic SAR flips bearish at $1760, this margin is neutral at the moment. RSI remains testing 36.91 resistance for the tenth consecutive session and is currently trending down at 35.40; it has been forming higher lows since 05/18/22, this is mildly bullish. Stochastic crossed over bearish in today's session and is currently trending down at 84.50 as it approaches a test of 80.69 support. MACD remains bullish and is currently trending up slightly at -200 as it attempts to break out of the descending trendline from 04/05/22; if it can successfully break out above -200, the next resistance is at -90.80 so there is a lot of upside potential. ADX is currently trending down at 48 as Price continues to hover at $1941 support; this is mildly bullish. If Price is able to break out above the upper trendline of the Descending Triangle/Bull Flag at $2025, it will have to reclaim support at the 50/50 uptrend line from March 2017 at ~$2130 before it can aim to test $2408 minor resistance. However, if Price breaks down below $1941 support then it will have the lower trendline of the Bull Flag at ~$1840 to test as support before potentially falling to test $1426 support. Mental Stop Loss: (tight stop loss - one close below) $1840.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. *Bulls are defending the CRITICAL SUPPORT at $2000 for the seventh consecutive day and may succeed but be wary of a potential bull trap.* Recommended ratio: 40% ETH, 60% cash. Price is currently testing $1941 support for the fourth time in the past seven sessions after being rejected by the 50/50 trendline from February 2017 as resistance at $2100. Volume is back to being moderate and fairly balanced between buyers and sellers as Price is testing a very critical support. Parabolic SAR flips bearish at $1717, this margin is mildly bearish. RSI is currently trending up and testing 36.91 resistance; if it can break above it then it will likely test 55.31. Stochastic remains bullish after resisting a bearish crossover in yesterday's session and is currently trending up and testing 46.76 resistance. MACD remains bearish and has been trending sideways at -252 for six consecutive sessions now in trough formation; if it is able to break above -224 then it would cross over bullish. ADX remains trending up and is currently beginning to form what could be a peak at 48 as Price is seeing support after a 45% drawdown since April 5th; if ADX begins to trend down as Price goes up, this would be mildly bullish. If Price is able to defend $1941 support then the next likely target is a retest of the 50/50 trendline from February 2017 at $2100 before potentially heading higher to retest $2408 minor resistance. However, if Price breaks down here, expect quite a violent sell-off that will likely take Price down to $1426.78 support. Mental Stop Loss: (two consecutive closes above) $2100.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. Weak Head and Shoulders formation from March 2021 still in play -- equity markets and crypto markets are still highly correlated, equity markets have been bullish this week so be ready for it to carry over into cryptos . Recommended ratio: 47% ETH, 53% cash. Price is currently trending down at $2050 after being rejected by the 50/50 uptrend line from February 2017 ($2100) as resistance on the first test. Volume has dropped back to being moderately low and has favored buyers in four of the past five sessions, indicating that there is a bit of support at $1941. Parabolic SAR flips bearish at $1700, this margin is neutral at the moment. RSI is currently trending up at 33.60 as it approaches 36.91 resistance. Stochastic remains bullish and is currently trending up at 35; it is still technically testing 22.98 resistance. MACD remains bearish and is currently trending sideways (slightly up) at -254; it will need to break above -208 to crossover bullish. ADX is currently trending up slightly at 46 as it continues to trend toward a peak formation, which would in this case signal a potential incoming retracement or reversal. If Price is able to close above the 50/50 uptrend line from February 2017 ($2117) for two consecutive sessions, the next likely target would be a test of $2408 minor resistance. However, if Price continues to fall here it will likely retest $1941 support before potentially heading lower to $1426 support. Mental Stop Loss: (two consecutive closes above) $2117.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily Neutral BearishETH/USD Daily neutral with a bearish bias. Bounce Watch + weak Head and Shoulders formation from March 2021 playing out . Recommended ratio: 45% ETH, 55% cash. Price is currently testing the 50/50 uptrend line from February 2017 ($2100) as resistance after bouncing from $1941 support. Volume is low and has been shrinking for three consecutive sessions while favoring buyers; this shrinkage paired with the Bear Flag being formed by Price after the bounce from $1941 is mildly bearish. Parabolic SAR flips bullish at $2172, this is bullish in the short term. RSI is currently trending up at 34.92 after bouncing from the uptrend line from 01/22/22 (25.64) and is on the verge of testing 36.91 resistance. Stochastic remains bullish for a third session and is currently trending up at 33 as it is still technically testing 23 resistance. MACD remains bearish and is trending up slightly at -245 as it approaches a bullish crossover (would need to cross -203). ADX is currently trending up slightly at 45 as it appears to be forming a peak while Price is attempting to reclaim support at the 50/50 trendline; this is currently neutral. If Price is able to close above $2100 for a second consecutive session, then it will imply that the 50/50 uptrend line from February 2017 is still intact and would support a move to retest $2408 minor resistance. However, if Price breaks back down here, then it will likely retest $1941 support before potentially making a move lower. Mental Stop Loss: (one more close above) $2125. *Sunday Scaries watch... Sundays and Mondays are notorious for Bull Trap set ups, so please be vigilant!* **This is a critical support for both Ethereum and Bitcoin... if Ethereum loses $2000, it will likely visit $1400 and potentially lower... and if Bitcoin loses $30k, it will likely visit $20k and potentially lower**
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. Bounce Watch . Recommended ratio: 40% ETH, 60% cash. Price is currently testing $1941 support after briefly touching $1700 and is still technically testing the 50/50 uptrend line from February 2017 (~$2100) as support (but is on the verge of losing it). Volume dropped by almost half and is now moderate and on track to break the two day streak of seller dominance if it can close today in the green. Parabolic SAR flips bullish at $2500, this margin is neutral at the moment. RSI is currently trending up at 37 after bouncing from the uptrend line from 01/22/22; the next resistance is at 36.91. Stochastic is currently regressing to a bearish crossover at 7.36, the next support is at max bottom and the next resistance 17.81. MACD remains bearish and is trending down slightly at -241.22, the ATL is at -318.82. ADX is currently trending up at 40 as Price continues to see sell pressure, this is bearish. If Price can establish support at $1941, it will have to reclaim the uptrend line from February 2017 to continue the bull run. However, if Price breaks down below $1941, this will likely take it down to test $1379 support before potentially going lower (would confirm a full blown recession is underway). If there is more widescale LUNA/UST type panic this could potentially take price down to $400 to retest the major February 2017 trendline for the first time since July 2020. Mental Stop Loss: (two consecutive closes above) $2149. **Interesting to note that a massive (but weak) Head and Shoulders formation developed in tandem with the 2021 Covid QE... and now that the Fed is doing QT and raising funds rate, the H&S completes?... almost as if the Fed stimulated all PA above $1400... which in a way, when it was that cheap to borrow money, there was a lot of excess (froth if you will)... when the Fed decided to start selling/running MBS and treasury securities and raise interest rates it was in part to curb this excessive speculation that led to such high prices in such a little time... it's rather unfortunate but the markets are the whim of the Fed yet again, and if it is isn't obvious yet, the Fed has been reacting to lagging data.**
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily Neutral BearishETH/USD Daily TA neutral with a bearish bias. Recommended ratio: 35% ETH, 65% cash. Price is currently retesting $2684 minor support after being rejected by the uptrend line from 01/22/22 at ~$2900 as resistance. Volume remains moderately low and has favored sellers in two consecutive sessions, if bulls can't defend this minor support then three consecutive seller dominant days is likely. Parabolic SAR flips bullish at $2960. RSI is currently trending sideways at 55.31 just above 36.91 support. Stochastic is on day 2 of being bearish and is breaking down below 46.76 resistance after briefly breaking out above it; it is currently trending down at 29.77 with no signs of trough formation and the next support (minor) is at 17.81. MACD remains bearish after a failed attempt at a bullish crossover and is currently retesting -90.80 support. ADX is currently trending up slightly at 26 as Price continue to see selling pressure, this is bearish. If Price is able to defend support at $2684, then the next likely target is a retest of $3000 resistance (which would also be the largest supply zone). However, if Price breaks down here, then it will likely retest $2544 support before potentially retesting $2408 minor support. Mental Stop Loss: (two consecutive closes above) $3000.
COINBASE:ETHUSD
by dailytaguy