DPW Ault Global Holdings 1050% growth Y/Y | Crypto play! Q2 2021 Revenue of $62.1 Million, up 1050% From Q2 2020
Q2 2021 Net Income of $42.2 Million Vs $1.4 Million Loss in Q2 2020
Total Assets of More Than a Quarter of a Billion Dollars ($259.1 Million)
Revenue from cryptocurrency lending and trading activities of $53.3 million!
Revenue from cryptocurrency mining of $291,000.
DPW Ault Global Holdings has 1,000 miners!
Net income: $42.2 million - largest quarterly profit in Company history!
Cash of $105.4 million
Marketable securities of $30.2 million
Other investments of $81.5 million
Total assets $259.1 million
DPW Market Cap ONLY 118.463Mil
My price target is 11usd.
When was the last time you saw such a strong quarter in a company compared to its mk cap???
Lending
What to do with uncommitted part of the capital in USDT or BTCHello everyone,
We often experience situations when we have to hold spot positions for a long time or just hold cryptocurrency in Stable Coins.
At the moment, the cryptocurrency market infrastructure has grown, and traders now have a huge choice of tools for passive income. We have tried different services, exchanges for trading accounts, and staking during the last 6 months. So we decided to share the best decisions in terms of safety and profitability.
Important! Never keep your capital in one place. No one is protected from hacking or the disappearance of an "exchange. It is best to keep some part of your capital in a cold wallet and use the remaining part on several exchange platforms.
Binance Swap.
For BTC, in our opinion, the ideal product is the Binance Swap. (www.binance.com).
You temporarily give part of your BTC to provide liquidity in the BTCWBTC pair. The average rate is 3-5%, sometimes it increases to 7% per annum. Binance also shares with you a part of the commission from deals.
You can also place there your Stable Coins. For example, BUSDT/USDT, USDT/DAI, and others. All rates are different, but on average, it is from 4 to maybe 12% annually.
Okex / Huobi lending
On these two exchanges, you can lend your USDT for a fixed time and interest. On average, it is 7-10% per year.
The other instruments that we tested were either extremely insecure or had too low a return rate.
Nexo coming out of massive accumulation periodNexo could do what Celsius did. For now Nexo isn't listed on many exchanges but it could easily get some more at some point. Not comparing the quality of the platforms, but the potential of the token give how the chart looks like. Currently very strong and ready for a pump.
Is it time for DeFi again? Most likely yes!DeFi on Ethereum had a big correction after things got really frothy and fees on Ethereum skyrocketed. For about 2 months DeFi took a back seat as everything else was pumping. During those months we saw tons of pumps from different categories, while DeFi & ETH had a 35-60% corrections vs BTC which is quite large. What we need to note however is that DeFi had gone up over the summer while the rest hadn't. Also part of DeFi bottomed vs BTC in November while the rest bottomed in January.
Now clearly fees will be an issue again, but the influx of new people is going to push DeFi much higher. Not only the influx of new people, but people selling their Coinbase stock and we need to remember Coinbase went heavy on DeFi tokens over the last year with lots of listings. To me this is a key rotation (from CEXs to DEXs) and includes not only Coinbase stock, but also stuff like BNB, FTT etc.
AAVE, SNX, BAL, COMP, MKR, YFI are the larger ones which have also been lagging to an extend compared to others. All of those are listed on Coinbase. UNI hasn't been lagging and its UNIBTC chart looks like a gigantic cup & handle pattern. Now SUSHI and CRV got recently listed on Coinbase, so they have the potential to do very well given that there will get more buyers this time around. BNT has a quite special chart and its price action seems controlled by a bigger entity. GRT is a special one as it has had several big pumps and looks ready for its next big one. LRC has been a massive lagger too and it is pretty cheap compared to others so potentially cheap to own here after such a big move.
The DeFi index doesn't show the full picture yet because it has weird mix of coins, however the breakout is very clear. This could be very similar to what happened earlier this year in terms of magnitude. We are 3.5 months into this alt season and we are getting breakout after breakout. Rotation from one category to another with no signs of weakness as a whole. Yes some look weak, yes some haven't done well... Yet the market as a whole has been pushing higher and higher. Ethereum is also looking very strong and healthy so it can push much much higher from here over the next few weeks. I can see the whole altcoin show going up until the end of June, so be prepared for big stuff.
I think we in Phase 4 or Phase 5 of this alt season. Given that we are going back into DeFi assuming this pump won't fail or that others don't do better than this market sector, we are probably in a new phase. We are potentially 60% into this alt season and there is a lot more to it!
AAVE Primed and Ready for 2021The price of AAVE/BTC is currently consolidating in the lower band of a 10 month long parabolic trend. .0061 sats is the current support line and .0073 sats, the previous all time high from the last blow off top in September, is the resistance line. If it doesn't break resistance it'll test the local support line. However, I anticipate it will drop below that local resistance line down to .0049 sats, and possibly even .0040 sats. Fortunetly, that drop would be totally normal, and a healthy correction. Overall, the chart looks like people anticipate huge growth. It had two blow offs top within six months. Once a L2 solution successfully solves the gas fee issue, AAVE will go on an insane run. .015 btc in the summertime would be reasonable, if a L2 solution is successful by June. This is not financial advise. I am not an expert.
AAVE/USDT Possible bullish recovery lies aheadAAVE as most other altcoins suffered from the Bitcoin dump.
Finally AAVE reached support. (was a long way due to the massive pump before)
So we finally would have a possible entry here.
Next possible support is marked (lower orange line).
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
LONG AKROUSDT - OverDue For Pump!Overview
Akropolis is a domain-specific protocol that allows users to save in groups and get access to cheap uncollateralized loans, pensions and other financial services. Akropolis tokenizes credit unions and allows user groups to get uncollateralized loans, provide capital to pools, and earn interest out of it.
History
The initial idea for a distributed pension fund was born out of what one of the founders, Ana, has witnessed as a result of the Lehman Brothers fallout in 07-09. The problem is both simple and relatively unknown to the younger population: it's the current and ever-increasing pensions deficit crisis and no visible solutions to it.
Akropolis wanted to create a solution alternative to current pension schemes - a way to save money, protect wealth against inflation, ensure access to credit and basic insurance, and remittances through a p2p network that can communicate with but doesn't structurally depend on the banking system. It was started with more of an enterprise angle, with institutional parties support but it became clear that their enthusiasm for exploring alternatives in this sector closely tracks public sentiment, which in turn was negatively affected by the collapse in prices in 2018. And, of course, client acquisition in enterprise usually exceeds 12 months.
As the team continued customer research, it became clear that pensions, savings, remittances, insurance have to be enabled for the product to be economically viable. In that sense, they didn't exactly pivot away from pensions, as pensions are effectively long-term savings with a tax shield, but to a slightly different model.
AkropolisOS is a modular framework for creating for-profit DAOs with complex business logic and customizable user incentives & treasury management. The first two products, Sparta & Delphi, are built on it.
AAVE - long @ Linear Regression SupportLONG AAVE @ LINEAR REGRESSION SUPPORT -
STOP @ 69
TARGET 1: 93
TARGET 2: 110 or trail with 4 hr ATR
==========================================
Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. It also enables ultra-short duration, uncollateralized flash loans designed to be integrated into other products and services.
LONG AAVE / bouncing off of POC support LONG AAVE / bouncing off of POC support
Stop: 64.75
Profit Target 1: 90.00 / move stop to BE
Profit Target 2: 110 or Trail with a multiple of Lower Time Frame ATR
=============================================================
Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. It also enables ultra-short duration, uncollateralized flash loans designed to be integrated into other products and services.
LONG BZRX - BZX network leverage, borrowing, and lendingLONG BZRX -BZX Network
1. ACCUMULATION on VOL PROFILE
2. bullish MACD divergence on 4 hr
3. oversold
bZx is a financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free blockchain applications. Fulcrum, originally launched in June 2019, is a DeFi platform for lending and margin trading built using bZx. Fulcrum enables users to collect interest by lending assets, and to enter into tokenized long or short positions at up to 5x leverage. Fulcrum 2.0 was launched in 2020 and is twice as gas efficient as its predecessor. Also built with bZx, Torque is a DeFi platform for borrowing assets instantly, with indefinite-term loans and fixed interest rates.
The most important thing that sets the bZx Protocol apart from other decentralized lending protocols is its commitment to developing the most decentralized solution possible. The bZx Protocol is currently the only lending protocol to make use of decentralized price feeds for calculating interest rates and our unique architecture makes it so the gas fee associated with using bZx does not increase along with the number of assets supported by the platform.
BZRX is the governance token of the bZx protocol. BZRX token holders can vote to upgrade the bZx protocol as well as stake their token to begin earning a share of bZx protocol fees.
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Banks Predicting a Crash!This is an updated version of the multi-year topping pattern of the S&P 500 I've posted a few times now. The previous post is linked below in Related Ideas.
The situation today adds to the previous update... we've continued the massive rally, extending this historic bull market even farther and poking over the megaphone top. We've recently had some downside and fallen back into the pattern. The recent rally has extended the downside target of the megaphone pattern even lower. Interestingly the predicted downside target now points right to the lows of the 2000 tech crash and the 2008 financial crisis.
Do I still think we're headed into a bear market and likely below the bottom of the Megaphone? YES! There is no rational argument for the market continuing higher. Bull markets eventually die and bear markets are born. This is true even if the Robinhood traders are too young to have ever seen a bear market.
Despite a terrible economic environment due to covid, everyone is long and chasing momo-stocks like TSLA and AAPL expecting the Fed to prevent any downside. Everyone has so ignored the potential downside and are long on margin, that brokers have started forcing a bit of restraint recently by increasing margin maintenance requirements (which restricts lending to traders). A similar thing happened as the 2000 tech crash started.
In addition to the brokers tightening lending, banks are also tightening lending and that's an even bigger indicator of an upcoming bear market. To see the clear pattern of bank tightening into bear markets, below is a chart of Federal Reserve data on bank tightening going back to 1995. Every time bank lending tightening goes above 40% or so, there has been a bear market and related crash. This year bank tightening for loans has shot up to over 70% and yet the equity market hasn't caught on yet.
See an image of data at the below link (or go to fred.stlouisfed.org search on "tightening" and find it yourself). The blue and red lines are bank tightening standards for small and large firms. The green line is the Wilshire 5000 to show what the equity market was doing at the time. Look at what happens when we get bank tightening spikes--NOT GOOD:
imgur.com (click on the image itself to make it bigger)
So it's not just me who sees a bad economic environment, it's most of banking (including brokerages). And they are doing something about it--they are making it harder to borrow, reducing their own risk. These bank actions not only suggests a bear market is coming, it can cause a bear market. The reduction of bank lending takes money out of the economy (as banks are responsible for most of the credit creation into the economy) and that can CAUSE a deflationary contraction just by itself.
This is long term data, so there's no specific timing on this. But the tightening has already happened and has not remotely started to decline. The economy is only continuing along due to government stimulus. Once a bear starts the market can decline for years. I'm surprised the market hasn't already crashed, but IMO a bear market can arrive at any time. Anyone chasing stocks higher at this point (especially on leverage) is nuts, again in my opinion.
In addition all the indexes look like hell with obvious double tops formed or forming. But that's a shorter-term comment for another post...
LONG AAVE/USDT on breakout of downtrend!LONG AAVE/USDT on breakout of downtrend! Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. It also enables ultra-short duration, uncollateralized flash loans designed to be integrated into other products and services. Aave began as ETHLend in 2017 after it raised $16.2 million in an Initial Coin Offering (ICO) to create a decentralized lending platform. Later, they announced a parent company, Aave, which would house multiple different products including EthLend, Aave Lending, Aave Pocket, Aave Custody, Aave Clearing, and Aave gaming.
BZRX - DeFi - THE ONLY COIN I ENTERED IN THE LAST DAYSHello, as promised, here a brief analysis on the only coin of which I decided to build a long positions in the last days. Indeed, the mood is not very optimistic and Btc could face some more downward pressure, hence on all other, I am monitoring. The other one I am interesting to is YFI, but it is still very expensive.
However, this made BZRX to fall to a very interesting level, unlike most of other (defi) tokens.
This means BZRX is crap!
Well, it is not. It is not hyped and many traders overlook it, focusing on BZRX's more famous and traded rivals, which however, are still very far from being cheap.
We can consider it as a mix between a Dex and a lending platform token.
The bZx protocol is an open protocol
for decentralized exchange on the
Ethereum blockchain, it facilitates
peer-to-peer margin lending, shorting,
and leverage of ERC20 tokens.
Actually I think this coin is one of the best DeFi projects out there at the moment.
Please note that this is not a decentralized exchange, but a protocol for building a decentralized exchange on top of it. The protocol is BZX and its token is BZRX. It is connected to Fulcrum and Torque (I suggest you to read about them) and is already integrated with Kyber network.
As you see there is not much data related to the level of price we are currently, but it is crazily cheap compared to the recent highs and it trades almost at the July levels, before the DeFi frenzy started. I am buying it here. Targets on the chart.
always DYOR guys!
Let me know what you think in the comments