Scroll Governance Token ($SCR) Debut at $212 Million Market CapScroll, a prominent Layer-2 scaling network for Ethereum, recently launched its highly anticipated native governance token, $SCR. The token debuted with a market capitalization of $212 million, pricing at around $1.40 before facing a downward trend to its current value of $1.10, reflecting the challenges faced in its initial release. With a fully diluted valuation (FDV) of $1.1 billion, Scroll is positioning TSX:SCR as a key component of its governance and utility framework as the network progresses towards full decentralization.
However, the token's journey has been far from smooth, plagued by negative sentiment and user concerns over token allocation. Despite this, TSX:SCR 's long-term potential, coupled with its essential role in Scroll’s ecosystem, makes it an intriguing asset for traders and investors alike.
Overview
1. Market Cap & Circulating Supply
The TSX:SCR token launched with a market cap of $212 million and a circulating supply of 190 million tokens. While the token initially started trading at $1.40, it saw a swift correction to $1.10 within the first few hours. The correction, while expected in volatile market conditions, was partly driven by criticism over the token allocation process.
2. Airdrop Concerns & Team Transparency:
A significant factor that influenced early price movements was Scroll's decision to give Binance 5.5% of the total token supply for its Launchpool users. This allocation raised concerns among early adopters who felt the token distribution lacked fairness. Moreover, Scroll’s users voiced frustration over rumors that team members were eligible for airdrops, but these claims were swiftly refuted by core contributors.
Scroll ( TSX:SCR ) took a strong stance against these allegations, emphasizing that no co-founders or team members would receive any portion of the airdrop, aiming to restore trust among the community. Despite these efforts, the negative sentiment lingered as the token price experienced a notable decline of 20%, marking a rough start for $SCR.
3. Trading Volume & Liquidity
Despite its price slump, TSX:SCR saw impressive trading volume, with $189 million traded across all pairs on its first day. The token also accumulated over 500,000 transfers and more than 200,000 holders in just 24 hours, signifying strong market interest. Liquidity remains solid, with over $400,000 positioned within 2% of the spot price on Binance, indicating healthy participation and relatively low slippage for traders.
Technical Analysis:
From a technical perspective, TSX:SCR is currently experiencing a dip, down 12% from its initial trading price. The Relative Strength Index (RSI) sits at 43, which places the token in a neutral territory. This suggests that while there’s some downward pressure, the selling momentum is not overwhelming, and the market could soon stabilize.
One notable pattern in the chart is the appearance of a gap-down formation, which often signals a short-term selling climax. This gap, if not filled quickly, could reverse and provide strong buying opportunities, especially as TSX:SCR approaches key support zones.
The recent price action has created the possibility of a bullish engulfing pattern, hinting at a potential trend reversal. The $1.10 to $1.36 range presents critical pivot points, and any surge beyond $1.36 could propel TSX:SCR toward retesting its previous highs, especially as the token gains more market traction.
In addition, the overall volume profile indicates substantial trading interest, with bullish investors likely stepping in once the selling pressure subsides. Historically, tokens like TSX:SCR tend to see increased demand as they integrate more utility features, and with Scroll’s plans to evolve TSX:SCR into a protocol utility token, the long-term outlook remains optimistic.
What Lies Ahead for Scroll and TSX:SCR ?
The future of TSX:SCR hinges on several key factors:
1. Decentralization & Governance: As Scroll becomes more decentralized, the demand for TSX:SCR as a governance token will likely increase. Its utility in voting on key proposals, network upgrades, and other governance-related activities will add more value over time.
2. Institutional Adoption: As the Scroll network matures, its Layer-2 scalability could attract institutional interest, especially as Ethereum continues to deal with congestion and high transaction fees. This could lead to higher demand for TSX:SCR as institutions seek governance influence within the ecosystem.
3. Technical Strength & Support: The $1.10 support level will be critical in the short term, and if Scroll can maintain or reclaim the $1.36 pivot, it could signal a trend reversal and trigger a rally towards its all-time highs (ATH). The bullish engulfing pattern suggests that buyers may soon regain control, especially if the volume spikes in the coming sessions.
4. Addressing Community Concerns: Lastly, Scroll’s transparency and responsiveness to community concerns will play a vital role in fostering long-term trust. By effectively managing token distribution and ensuring fairness, Scroll can rebuild investor confidence, which will ultimately be reflected in the TSX:SCR price action.
Conclusion
Despite the initial volatility and concerns surrounding its launch, TSX:SCR ’s long-term potential remains intact. The Scroll network’s focus on decentralization and its role in Layer-2 Ethereum scaling solutions could see TSX:SCR emerge as a valuable governance and utility token. While the token faces short-term selling pressure, its fundamental strength, combined with the technical outlook, suggests that the worst may soon be over. A bullish reversal looks likely as TSX:SCR approaches key support levels, and with continued development, Scroll and its native token are well-positioned for future growth.
Investors with a long-term horizon should watch for the $1.36 pivot as a potential entry point, while keeping an eye on market sentiment and upcoming developments within the Scroll ecosystem.
Farming
#AAVEUSDT #1h (OKX Futures) Rising wedge breakdown and retestAave just printed a gravestone doji followed by a shooting star, seems likely to retrace down to 200MA support.
⚡️⚡️ #AAVE/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 4.5%
Current Price:
95.44
Entry Targets:
1) 95.87
Take-Profit Targets:
1) 87.43
Stop Targets:
1) 100.10
Published By: @Zblaba
CRYPTOCAP:AAVE OKX:AAVEUSDT.P #1h #DeFi #DAO aave.com
Risk/Reward= 1:2.0
Expected Profit= +44.0%
Possible Loss= -22.1%
Estimated Gaintime= 3 days
#YFIUSDT #2h (OKX Futures) Descending trendline break and retestYearn Finance printed a morning star then regained 50MA support, seems about to make another impulse on Low TF.
⚡️⚡️ #YFI/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (6.0X)
Amount: 5.0%
Current Price:
5841
Entry Targets:
1) 5802
Take-Profit Targets:
1) 6188
Stop Targets:
1) 5609
Published By: @Zblaba
CRYPTOCAP:YFI OKX:YFIUSDT.P #YearnFinance #DeFi #Yield yearn.fi
Risk/Reward= 1:2.0
Expected Profit= +39.9%
Possible Loss= -20.0%
Estimated Gaintime= 4 days
#YFIUSDT #4h (OKX Futures) Falling wedge breakoutYearn Finance regained 100EMA support then pulled back to it after forming a dragonfly doji, looks like bullish continuation is in play.
⚡️⚡️ #YFI/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (9.0X)
Amount: 4.9%
Current Price:
7065
Entry Targets:
1) 7056
Take-Profit Targets:
1) 7374
Stop Targets:
1) 6897
Published By: @Zblaba
CRYPTOCAP:YFI OKX:YFIUSDT.P #YearnFinance #DeFi yearn.fi
Risk/Reward= 1:2.0
Expected Profit= +40.6%
Possible Loss= -20.3%
Estimated Gaintime= 1 week
SUSHI --- Bull run targetsIt's a Cycle 2 coin
with a Cycle 2 narrative #DEFI
So don't expect new high's
Still ... money can be made in Defi, DEX's . Yield ...
It's just not that sexy .
Is what it is friends, we can't fight the Market.
May be we get a right shoulder fill out and then breakout for these linear and log targets.
Best of Luck
(Higher price more risk now ofc)
Harvest Finance (FARM) completed a setup for upto 16% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Harvest Finance (FARM) with US Dollar pair.
Previously we caught almost 200% pump of FARM as below:
Now on a 4-hr time frame, FARM has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#YFI/BTC 1W (Binance) Descending wedge breakout and retestYearn Finance has been down-trending for years in sats but is sitting on historical demand zone once again.
It has recently printed a bullish hammer on weekly, a decent bounce towards 100EMA resistance would make sense.
⚡️⚡️ #YFI/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 3.0%
Current Price:
0.1437
Entry Targets:
1) 0.1432
Take-Profit Targets:
1) 0.2879
Stop Targets:
1) 0.0949
Published By: @Zblaba
CRYPTOCAP:YFI BINANCE:YFIBTC #YearnFinance #DeFi yearn.fi
Risk/Reward= 1:3.0
Expected Profit= +101.0%
Possible Loss= -33.7%
Estimated Gaintime= 3-6 months
Crypto101 - How to Make Money with DeFiHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher.
If you’ve been following me on TradingView for a while, you’ll now that I’m a believer – a believer in the promise of blockchain. One of the principals of this promise is to move away from centrally controlled banking systems. This would eventually include the act of saving and earning interest for the money that you leave in the capable hands of your banker (who also gets to decide whether or not you qualify for loans). Currently, you need to give up all of your personal information to open a bank account and furthermore you are seriously undercut in the returns / interest rate that you will be receiving (to name only two of many problems with the system). For example, where I reside, the most common interest on a savings account is 5% annually, whereas the interest on your credit card is 19.5% annually.
Before we continue, familiarize yourself with these Key Terms:
TVL – Total Value Locked in the platform
DEX - A decentralized exchange. Peer-to-peer marketplace where transactions occur directly between crypto traders like Coinbase and Binance
Blockchain – A unique way of coding that is open for anyone to use, many believe that web3 will be built on top this kind of coding
DeFi – Decentralized Finance such as cryptocurrencies and stablecoins
dApp – Software like apps that work on the basis of blockchain code and thus apps that accommodate cryptocurrency such as UniSwap and NFT Market places
LP tokens - New liquidity pool tokens. LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens.
APY - Annual Percentage Yield, think of it as yearly interest in percentage
Smart Contracts — Electronic, digital contracts coded to integrate with dApps. Automated financial agreements between two or more parties once the pre-determined terms of the contract is reached
With the rise of Blockchain, Crypto and then Decentralized apps, yield farming was born to address some of the banking system's limits. Or at least, that would be in the perfect world. Yield farming is the process of using DeFi to maximize returns. Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. This works for both parties, because yield farmers provide liquidity to various token pairs and you earn rewards in cryptocurrencies. However, yield farming can be a risky practice due to price volatility, rug pulls, smart contract hacks etc.
Yield farming allows investors to earn interest which is called ‘yield’ by putting coins or tokens in a dApp, which is an application (coded software) that integrates with blockchain code. Examples of dApps include crypto wallets, exchanges and many more. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts.
Let’s take a closer look at the different types of yield farming:
Liquidity provider: You deposit two coins to a DEX to provide trading liquidity. Exchanges charge a small fee to swap the two tokens which is paid to liquidity providers. This fee can sometimes be paid in new liquidity pool (LP) tokens.
Lending: Coin or token holders can lend crypto to borrowers through a smart contract and earn yield from interest paid on the loan.
Borrowing: Farmers can use one token as collateral and receive a loan of another. Users can then farm yield with the borrowed coins. This way, the farmer keeps their initial holding, which may increase in value over time, while also earning yield on their borrowed coins.
Staking: There are two forms of staking in the world of DeFi. The main form is on proof-of-stake blockchains, where a user is paid interest to pledge their tokens to the network to provide security. The second is to stake LP tokens earned from supplying a DEX with liquidity. This allows users to earn yield twice, as they are paid for supplying liquidity in LP tokens which they can then stake to earn more yield.
Yield farmers who want to increase their yield output can also use more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains. Pro Tip: Use a High-Speed, Anonymous VPN. This lets you securely access the internet in an untraceable way. If you’re a cryptocurrency trader, you may want to remain anonymous or mask your IP address to another location.
With all of the above mentioned, the first step would be to determine your needs or interests and thereafter, opening an account or accounts. A few popular places to start exploring include:
1. Quint – Voted one of the best yield farming crypto platforms for 2022
2. Uniswap - Second-largest decentralized exchange (DEX) behind Curve Finance
3. YouHodler – Worldwide Exchange with yield farming
4. eToro – Regulated platform offering crypto interest tools
5. Crypto.com – Great platform for earning a high APY on Stablecoins
6. BlockFi – Popular Platform for Bitcoin yields. BlockFi was one of the first platforms to launch its own crypto credit card. The BlockFi Rewards Visa Signature Credit Card earns up to 2% back in the cryptocurrency of your choice and doesn't charge an annual fee
7. Coinbase – Top-Rated yield-generating platform for beginners
8. DeFi Swap – Overall best DeFi yield farming platform 2022 , earning up to 75% APY on DeFi coins
9. AQRU – Voted one of the best crypto Yield farming platforms for 2022
10. Aave - Reigning DeFi king in terms of total value locked
Note that the above is in no specific order. On the chart, you will see some fast facts on some of the options that these platforms offer. This is also not a shill, and I am not currently participating in any of the above mentioned. This is just intended as an easy introduction to another branch of what the world of Blockchain and DeFi has to offer.
I hope you enjoyed this post today! Please give us a thumbs up to support all the efforts that went into this post.
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$VFF: Log Scale Bullish Shark Visible on the MonthlyWe've got an 0.886 Bullish Shark visible on the Monthly Log Scale Chart with heavy amounts of MACD Bullish Divergence, if we can reach the minimum Bullish Shark targets, then we should expect to see VFF reach 5 dollars in the coming months.
$sdex bought at 0.0024 - What to expect T.AAnother one in price discovery, #SDEX is the native token of a new DEX that developed a way to farm crypto without impermanent losses. I got the target of 0.0076(ish) since the Fib Fan lacks to measure well above the zero line (dotted) than I tossed a fork and it helps targeting; It needs volume here. Fundamentally, it's a good aquisition if the pink line holds as support; That makes an easy trade because under the pink line, lies a stop loss for who wants to enter at this point. Easy double investiment. The last price action upwards lacking volume, means a few wallets purchased at what they judged to be a bottom, until the next point of resistance, and the price held there for a good while, meaning there is no interest on the buyers who gave volume candles their sizes in April-23 on taking profits there just yet. Observe the strenght of the next pump, I will keep doubling/tripling profits if the trend keeps going. RSI indicates that sideway action may take place for a while between 0.004 and 0.0056
$LINA/USDT 2h (#Bybit) Ascending channel on resistanceLinear faked-out and got rejected forming an evening star with a shooting star on local top, a retracement down would make sense.
⚡️⚡️ #LINA/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 4.9%
Current Price:
0.01703
Entry Zone:
0.01719 - 0.01835
Take-Profit Targets:
1) 0.01508
2) 0.01305
3) 0.01103
Stop Targets:
1) 0.02002
Published By: @Zblaba
$LINA #LINAUSDT #Linear #DeFi
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.4% | +85.0% | +121.4%%
Possible Loss= -40.5%
Estimated Gaintime= 5-10 days
linear.finance
$TRU/USDT 3h (#Bybit) Descending channel breakoutTrueFi just regained 50MA support and seems about to push higher and recover, short-term.
⚡️⚡️ #TRU/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.7%
Current Price:
0.08935
Entry Zone:
0.08805 - 0.08295
Take-Profit Targets:
1) 0.09990
2) 0.11075
3) 0.12160
Stop Targets:
1) 0.07345
Published By: @Zblaba
$TRU #TRUUSDT #TrueFi #DeFi #TrustToken
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +50.5% | +88.6% | +126.7%
Possible Loss= -42.3%
Estimated Gaintime= 1-2 weeks
LOCL | Good Starter Entry | LONGLocal Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.
Farm coin / harvest finance cup and handle #farm farm coin cup and handle at play 4hr chart the volume of this very low max supply coin of 690k and still less than £40 a coin still volume was up over in its 1000s% over a week. And don’t forget it yields the highest apy within defi. It’s a no brainier this coin in my opinion can trade easy over 5k a coin
Harvest Finance (FARM) formed bullish Gartley for upto 22% pumpHi friends , hope you are well, and welcome to the new trade setup of Harvest Finance (FARM) with US Dollar pair.
On a 2-hr time frame, FARM has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Farm coin with very low max supply inverted head and shoulders This coin on four hour chart has pattern inverted head and shoulders at play this coin is very low max supply check it out it’s a no brainier and will explode soon keep eyes on
KAL | Is My Math Off? | LONGKalera Public Limited Company, together with its subsidiaries, operates as a hydroponic vertical farming company in the United States and internationally. The company operates vertical hydroponic farms and related technology development facilities that produce various lettuce and microgreens for the retail and food service markets. It also holds a license to patented technology related to geopolymer concrete. Kalera Public Limited Company is headquartered in Orlando, Florida.
HARVEST FINANCE TO $500 IN NEXT BULL MARKETI will explain what Harvest Finance (FARM) is, and why I believe this token could go to $500 or higher in price.
I have mentioned many times why tokens with utility will go well in the future. This token certainly has utility and a very strong community.
FARM is a Yield Aggregator, same as Yearn Finance. It also falls in the Defi and Yield Farming category, same as Yearn Finance.
What makes this project interesting is that is has auto compounding rewards. Meaning you don't have to waste fees every time to manually compound your rewards. If you have farmed on ETH blockchains before, you know those fees will cost you a lot. Well that is not an issue here as FARM not only supports ETH, but also supports BSC and MATIC, along with Arbitrum. Multichain support projects are the future, and FARM got this right.
As I mentioned in my Autofarm review, Yield Farming is huge and will continue to keep growing exponentially as there is more and more global adoption.
FARM only has a supply of 690,420 tokens! No more will ever be created. There doesn't seem to a burn mechanism here, but this is not needed when your supply is less than 1 million anyways. The current market cap is only 30m! Which is very early for such a project.
YFI, a very similar project went on to have a market cap of almost 3 trillion. That shows us that such projects do have huge demands as will continue growing larger as we start entering bull markets in the future.
FARM also has a github page, along with passing multiple audits, including from Certik and 3 other auditors. This is generally a sign of a strong project.
Another little fun fact before we get to the numbers, is that the token was listed on Coinbase last year. This was listed around a time when Coinbase was known for only listing the finest projects, whereas now they listed anything. So being listed during Coinbases's 'Golden Age' is certainly a plus. Listing on Binance and other major exchanges have made this very easy to acquire.
According to Gateio, its highest daily close was $459. The lowest price was $26, just a couple weeks back.
We have made calculations as to how high this token can go using the market cap.
Market cap of 100m, price per token = $150
Market cap of 1b, price per token = $1,500
Market cap of 10b, price per token = $15,000
I think 10b market cap is a bit of stretch here, not saying it can't happen but odds are slim unless they incorporate some insane features. I do believe a reasonable price in the next bull run is $500. Which would only require a market cap of 332m. A 332m market cap in for a strong defi yield aggregator project is a respectable target. The previous high as mentioned before was $459. We believe the next bull market will be the largest bull market in crypto history, and therefore FARM will easily make a new all-time high. $500 is target, but we would not be surprised if it touches $1000. Certainly, if they manage to incorporate AVAX, OP, FTM and some other blockchains, that would be a big plus.
Compared to MKR and YFI, the price on this is so low that anyone can afford a couple of tokens. Currently it is having a strong rally and looks bullish on most time frames. I do believe we will visit $26 again this year, and possibly create a new low around $20. If it doesn't, it's still a nice price to start dollar cost averaging in.
Ignore the sloppy drawing, it's just for illustration and no way indicates how price will move between now and next bull run. But target is $500 in the bull run after the 2024 halving, sometime between 2024 and 2025
BINANCE:FARMUSDT COINBASE:FARMUSD COINBASE:FARMUSDT KRAKEN:FARMUSD BINANCE:FARMBUSD COINEX:FARMUSDT GATEIO:FARMUSDT PHEMEX:FARMUSDT
Profiting From Higher Food Prices and Shortages in 2022March comes in like a lion and goes out like a lamb, and April showers bring May flowers. In the northern hemisphere, farmers are now planting the crops that will feed the world after the fall harvest season. Mother Nature is typically the primary determinate of agricultural products as the weather conditions determine if there will be enough supplies to feed the ever-growing global population. As the world addresses climate change, corn and soybeans requirements for biofuel have put additional upside pressure on prices over the past years. Moreover, rising inflation has increased production costs. The war in Ukraine presents a unique set of concerns for the products that provide nutrition and fuel.
Grains and oilseeds are going into the 2022 US crop year at very high prices
The weather is secondary as the war in Ukraine threatens supplies
Higher prices in the US- The potential for famine in other regions
Food shortages lead to political change
Beans above the teens, corn in the double digits, and wheat explosions could be on the horizon in 2022 and beyond
In 2021, a composite of grain, oilseed, and other leading agricultural products rose 29.71%. In Q1 2022, the composite moved another 18.89% higher. Corn, soybean, and wheat prices are sky-high in early April 2022 as the seeds go into the ground, and the prospects for even higher prices are rising each day.
Grains and oilseeds are going into the 2022 US crop year at very high prices
Nearby May CBOT corn futures settled at $7.4875 on March 31, up 26.21% in Q1.
The chart shows corn’s price was higher on April 8 at the $7.6875 per bushel level. Corn’s all-time high was in 2012 at $8.4375, and the coarse grain reached $8 in March before correcting.
Nearby CBOT soybean futures settled at $16.18250 per bushel on March 31, posting a 21.79% gain in Q1 2022.
Soybean futures were higher at around the $16.89 level on April 8 after reaching a high of $17.65 in February 2022. In 2012, the beans reached a record high of $17.9475 per bushel.
CBOT soft red winter wheat is the most liquid wheat futures contract and a global price benchmark. The CBOT wheat rallied 20.34% in 2021 and was 30.52% higher in Q1 2022.
The CBOT wheat settled at $10.06 per bushel on March 31 and was at over the $10.50 level on April 8. The wheat futures rose to a high of $13.40 in May, eclipsing the 2008 $13.3450 per bushel record peak.
As the seeds go into the ground in the US and other growing regions in the northern hemisphere, prices are at multi-year highs and not far from record levels.
The weather is secondary as the war in Ukraine threatens supplies
The weather typically causes price volatility during the annual planting and growing seasons. However, 2022 is anything but a typical year. Rising inflation has caused input prices to soar, pushing land values, rents, financing costs, energy, labor, equipment, seed, and other expenses higher. Moreover, Russia’s invasion of Ukraine has transformed Europe’s breadbasket into mine and battlefields. Russia and Ukraine export one-third of the world’s annual wheat requirements and substantial amounts of corn, barley, and other agricultural products. The Black Sea ports, a critical logistical hub in the region, is a war zone. Meanwhile, Russia retaliated against sanctions by “temporarily” banning fertilizer exports, sending prices higher, and limiting availabilities. The lack of fertilizers will translate to lower global crop yields.
In April 2022, the weather is secondary to the geopolitical landscape for the commodities that feed the world.
Higher prices in the US- The potential for famine in other regions
In the US, consumers will pay much higher prices for food in the coming months and years. However, as a world-leading agricultural producer, the US food supply is likely to fulfill domestic requirements, barring any catastrophic weather events. Other regions worldwide could face food shortages leading to famine.
In a sign that Russia may cut off agricultural exports, Russian President Vladimir Putin said that the West’s sanctions would make Russia keep a close eye on its food exports to hostile countries. The Russian leader said, “They will inevitably exacerbate food shortages in the poorest regions of the world, spur new waves of migration, and in general drive food prices even higher.”
Even if Russia continues to export to some countries, the production loss caused by the war looks likely to be substantial.
Food shortages lead to political change
When governments cannot feed people, revolutions tend to follow. The French Revolution that cost the last French Queen’s head began as bread riots in Paris. More recently, the 2010 Arab Spring came two years after wheat reached its previous record high. Bread riots in Tunisia and Egypt caused by rising prices and falling availability caused the sweeping political change in North Africa and the Middle East.
Inflation, the war in Ukraine, and sanctions on Russia will have severe ramifications for supplies over the coming years. Feeding people is a government’s primary task, and hungry citizens quickly lose patience with their leaders.
Beans above the teens, corn in the double digits, and wheat explosions could be on the horizon in 2022 and beyond
Soybean futures first traded in the teens in 2008. In 1973, the oilseed futures reached a high of $12.90 per bushel, beginning the chant of “beans in the teens” from those bullish on the oilseed. While it took three and one-half decades for beans to trade in the teens, the next time they move out of the teens could be on the upside at prices above the $20 per bushel level.
Corn has never traded above $8.50 per bushel, but it could head for over $10 in the current environment. CBOT wheat already reached a record high in March 2022, and higher highs could be on the horizon over the coming months and years.
While the weather is secondary for the 2022 crop year, a drought, flood, or other weather events that impact the growing season and weigh on supplies could make matters worse. Anything short of a bumper crop from the US and other growing regions away from Europe’s breadbasket could be disastrous for prices and availabilities.
The bull market that took the grain sector 29.71% higher in 2021 and 18.89% higher in Q1 2022 looks set to continue. The current environment limits the downside while the upside remains explosive. Risk-reward favors the upside in the commodities that feed and increasingly fuel the world.
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Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility , inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
$AAVE/USDT 3D (#BinanceFutures) Falling wedges on supportAave is looking bottomed here on High Time-Frame (HTF) and is very likely to bounce back on historical demand zone.
Current Price= 132.77
Buy Entry= 131.50 - 117.30
Take Profit= 169.60 | 220.18 | 275.84
Stop Loss= 93.45
Risk/Reward= 1:1.46 | 1:3.09 | 1:4.89
Expected Profit= +36.33% | +76.99% | +121.74%
Possible Loss= -24.88%
Fib. Retracement= 0.236 | 0.441 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 6 months
Tags: #AAVE #AAVEUSDT #Yield #Farming #Lending #Governance #DAO #DeFi #BSC #SolEco
Website: aave.com
Contracts:
#ERC20 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9
#BEP20 0xfb6115445bff7b52feb98650c87f44907e58f802
#AVAXC 0x8ce2dee54bb9921a2ae0a63dbb2df8ed88b91dd9
#SPL 3vAs4D1WE6Na4tCgt4BApgFfENbm8WY7q4cSPD1yM4Cg
#Fantom 0x6a07A792ab2965C72a5B8088d3a069A7aC3a993B
#Polygon 0xd6df932a45c0f255f85145f286ea0b292b21c90b
$XVS/BTC 4h (#BinanceSpot) Falling wedge breakout and retestVenus is pulling back to 50/200MA support and looks good for another leg-up after, short-term.
Current Price= 0.0002292
Buy Entry= 0.0002301 - 0.0002203
Take Profit= 0.0002617 | 0.0002773 | 0.0003008
Stop Loss= 0.0001991
Risk/Reward= 1:1.4 | 1:2 | 1:2.9
Expected Profit= +13.81% | +23.13% | +33.57%
Possible Loss= -11.59%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Tags: #XVS #XVSBTC #Yield #Farming #Lending #DeFi #BSC #BC #Launchpool
Website: venus.io
Contracts:
#BEP20 0xcf6bb5389c92bdda8a3747ddb454cb7a64626c63
#BEP2 XVS-795
