Meme Coins VS Web 3.0 Cryptocurrencies !I'm writing this article during the crypto selloff, almost as a joke, taking inspiration from the story of a trader who purchased a cryptocurrency known as SAFEMOON, basically a shitcoin:
After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million.
What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then.
So he made $47.5 million with only $2.5 thousand invested, and now the project is dead!
I remember this SHIB signal back in the days:
I still consider it worthless, even if i bought it back then.
I don't see any difference between SHIB, SAFEMOON, FLOKI, KEKE, and other crypto projects that are solely based on a community rather than focusing on developing the infrastructure of Web 3.0, similar to larger projects.
There`s no intrinsic value in any of those.
But opportunities will come!
Positivity
SHIB Shiba Inu Whales are Selling !If you haven`t bought SHIB here:
Or sold it here:
Then you should know that another notable transaction was reported on June 9 by Blockchain tracker Whale Alert, involving the transfer of 4 trillion Shiba Inu tokens to Binance. This transfer, worth $31.7 million, incurred a minimal fee of only $1.78 before the price of Shiba Inu experienced a decline.
Following the transaction, there have been various reactions from market participants, with some highlighting that it resulted in a 1% increase in Shiba Inu's circulating supply to 578.9 trillion tokens. It appears that whales are engaging in selling activities.
My price Target for SHIB is $0.00000500.
Looking forward to read your opinion about it!
Why is APEcoin still in Top 100 Cryptocurrencies?!?!If you haven`t read the APE Coin Growth Thesis:
Then you should know that APEcoin's current market cap of $2.3 billion and its position within the top 100 cryptocurrencies seem overinflated and unjustified. The project's reliance on non-fungible tokens (NFTs) raises concerns about its intrinsic value and utility within the broader crypto ecosystem.
Unlike other cryptocurrencies that offer tangible benefits, APEcoin's NFTs fail to provide significant value. While NFTs have gained popularity, their long-term sustainability and practical applications remain questionable. APEcoin's NFTs lack a compelling narrative or clear use case that would justify its market capitalization.
In contrast to APEcoin, top-ranking cryptocurrencies have solid underlying fundamentals, offering functionalities such as decentralized applications, smart contracts, or efficient cross-border transactions. APEcoin's limited value proposition puts it at a disadvantage in the highly competitive crypto market.
Considering these factors, a market correction or revaluation for APEcoin appears likely. A more realistic price target of $1.04 is in line with its current value and potential market demand.
Looking forward to read your opinion about it.
TRX Potential Death Spiral similar to Terra LUNAHistory repeats itself for those who haven't learned from it.
SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.
Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but...
The reason for the potential collapse of TRX Tron is their stablecoin, USDD.
According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.
This is the USDD collateral:
TRX 10,929,535,279
BTC 14,040.6 = about $313Mil
USDT 29,964,253
USDC 39,719,839
so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil.
Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion.
Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654.
Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin".
Looking forward to read your opinion about it.
PEPE Coin | A Whale Sold PEPE at 52% Loss !A substantial loss was incurred by a whale who sold over 400 billion PEPE tokens at a 52% loss. The sale involved the transaction of 468.5 billion PEPE tokens, in exchange for 109 ETH valued at $190,000 and 237.5 thousand USDT.
The unfortunate outcome of this transaction left the whale with a significant loss. On May 9, the whale withdrew approximately $890,000 worth of PEPE tokens from the KuCoin exchange.
In my view, there appears to be a significant downward trajectory ahead.
Looking forward to read your opinion about it.
LTC & ADA Will Crash 90% – Bear Market Has Not Even Begun Yet!The bear market has not even begun yet for 99% of altcoins, such as Litecoin (LTC) and Cardano (ADA).
I expect these coins to crash at least another 90% from where they currently are.
I agree with people such as Big Cheds, Bob Loukas, Benjamin Cowen, and others that altcoins are far from having bottomed and in fact that the bear market has not even begun yet.
Anyone using leverage of 1.01x or higher and who is long will surely get liquidated within the next 1-3 months.
Bitcoin will crash to sub $10k as well.
PEPE The New Meme Coin | Buy Area !PEPE was the new sensation in the meme coins!
After a huge bull run, now it has retraced significantly.
Drawing the Fibonacci retracement tool, I would consider the following level for a potential entry:
between $0.000001010 and $0.000001750.
I know, the range is high, i would also consider $0.000001510, to be more precise.
Looking forward to read your opinion about it!
Bitcoin repeating the post-scam cycle MxGox=FTX 1 million bet Bitcoin has been relegated in the last market by a conjunction of events related to the large frauds that have permeated the cryptographic market driven by an insane level of credit available between 2020 to 2021. This has led to a hyperbubble of all kinds of assets, crypto had to go through a purge similar to that of 2014 and with events representatively similar, such as what was the annexation of Crimea by Russia curiously between the dates of February 20 and March 20, 2014, the curious thing about this is not something else that in 2022 the turns of war would start by February 24, 2022. On the other hand, scams like FTX and other scam funds that backed the rise and fall of the biggest scam in crypto history Luna. It was very similar to the fall of MTgox , probably will have an added impact of the same magnitude.
We have to understand one thing the amount of bitcoin out of circulation due to these scams, where bitcoins end up in custody of some government agency, has a strong impact on the circulating supply, because for example still not delivered assets associated with MTgox, after almost 10 years. The current rise is also explained by an ideological discourse framed in what I have given to call the Genesis block strategy, this strategy is really a puzzle and a proposal that is unfolding, that is when you look at the Genesis block, this block has a sentence that proposes a challenge , think about the categories that we conceive through the state, or the central entity and allow to think freely how to manage systems without biased supervision from "
Bitcoin has faced many challenges in the last market due to a series of events that shook the crypto world. These events include massive frauds, excessive credit availability, geopolitical tensions, and ideological debates. All these factors have created a huge bubble in all kinds of assets, which eventually burst like in 2014. Interestingly, some of these events have historical parallels, such as Russia’s annexation of Crimea in 2014 and the war that started in 2022. Another similarity is how some crypto platforms like FTX and Luna turned out to be scams, just like MTgox did in 2014. These scams have taken away many bitcoins from circulation, as they are now in government hands. Some of these bitcoins have been locked up for almost 10 years, like those from MTgox. Bitcoin’s current rise is also influenced by a philosophical vision that I call the Genesis block strategy. This vision is based on a message hidden in the first block of Bitcoin’s blockchain. The message invites us to question our assumptions about governance and to explore new ways of organizing systems without central authority or interference.
The universal basic income and the 15-minute cities are a currency of the same class, since they are complementary, these cities will be for those who are useless in the world of AI that we are entering.
No, Cardano is not bullish. It will crash another 92% to $0.01No, Cardano is not bullish. It will crash another 92% to $0.01
Anyone who bought cardano above $0.33 will never break even.
Charles is selling ada relentlessly and the drop will not stop until literally everyone who ever touched cardano has been wiped out.
Do not be fooled. Just because ada is a shitcoin that's already down 94%, doesn't mean it can't drop another 100%.
12/14 - 2/3DTTF, 3/6hEC ETHUSDT 2/3DTTF, 3/6hEC
Low risk high reward.
Looking for a sweep back into the dashed white. We already got it earlier, but risk to reward is looking much better now with this short term retrace (earlier EC now).
Safer entry would be under the dashed again but better R:R here.
- Invalidation is a 3D close over that dashed level -
YFII - $2,600 in sight! BTFD!Here we got our inevitable pull back / retest.
Expecting it to resume the uptrend today, no leverage on this trades.
Sell Zones:
$2,100
$2,600
$3,400
$5,600
Stoploss: What you can afford to loose.
Entry: Now
Coinbase to delist Bitcoin Cash (BCH) from Coinbase Wallet last chart
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar (XLM) from Coinbase Wallet!
My price targets:
BCH/USDT short
Entry Range: $108 - 113
Price Target 1: $88
Price Target 2: $79
Price Target 3: $70
Stop Loss: $129
Colombia slowly but surely on the road to hyperinflationThe inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia.
This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and technological development sectors have always been depressed. which logically implies that there is a brain drain and a growing commercial imbalance with respect to the United States and now China.
The rulers who are nothing more than a kleptotractic class, who since the beginning of the nation has been bolted to power, have never offered a structural change, also because the legal and structural incentives of the economy prevent political and social change, Consequently, the economic deterioration has been associated with an internal enemy during the more than 50 years of civil conflict and lately the blame has been placed on the immigration of Venezuelans and on Venezuela itself (external enemy).
All these representations already mentioned have implied for the nation a walking on stakes, which cannot produce more than a process of hyperinflation in the medium term. It should be noted that the country's international gold reserves have been depressed by 60% during the pandemic and that the state also assumed new loans that increased the external debt with respect to GDP from 49.5% in 2019 to 54.8% according to the latest report, which implies that in less than 18 months it has increased by a factor of 10.71%.
This aforementioned scenario, logically implies that there are some accused systemic risks within the Colombian economy. It is worth mentioning that the hydrocarbon exploitation and tourism sectors have been depressed for almost a year due to the collapses in the price of crude oil and a significant decrease in tourism due to the pandemic, since these are the most fluid sources of international foreign exchange for the country.
Colombia must take a more serious stance in order to get out of this quagmire, it is not useful for foreign investment or for investor confidence that every two by three they are reformulating trade rules and bureaucracy, the Colombian people will end up going through the gillotine to their rulers sooner or later when there is a depression in the cost of living and a significant decrease in purchasing power as projected in this analysis.
I will finish by explaining the technical part, what we observe in a projection in an equidistant channel; In it, we observe 3 elements, a temporary one that is based on tracing the most significant points of change in the trend or strong movements, in order to postulate a temporary projection of when the next inflationary peak will occur, this is close to the end of 2024, but is can produce sooner. On the other hand, the price is in the upper part of the channel, the only way to reverse this scenario is for the price to correct strongly and touch the lower part of the channel or break it, but it seems that this will not happen. rather it seems that it will look for the technical level of the 3.61 of fibonacci. in less than 3 years. Therefore, it is a bad time to make medium-term investments in the country.
I will end by observing that the country can get out of this scenario, if there is a structural change in the long and medium term in the ways in which the country's economy produces and if the government decides to reduce externalities and make more territorial presence in the country. On the other hand, it is important to have simplified fiscal rules for internal and external investment, under conditions that promote competition between both types of investment, it could be a requirement that such investment must be by mixed law and promote the development and industrialization of the field. ; However, a change in the internal dynamics of drug trafficking and the use of public spending must be fostered. since public spending encourages social immobility, due to the large number of subsidies.
To clarify whether the private sector is encouraged with mixed investment (this is understood as foreign and internal investment, the latter understood as state and private), macroeconomic solutions will be given in the medium term. This will imply a flow of capital and a decrease in structural unemployment, since official data say that there is much less unemployment than in reality, since informality is arbitrarily measured within this standard.
español
las debilidades inherentes producidas por la pandemia en latinoamerica, han producido el escenario propicio para que se produzca una nueva hiperinflacion en la region, en este caso en colombia.
esta nacion que alrededor de su historia y por su abundancia de recursos naturales a estado sometida a la vieja historia de la enfermedad holandesa. de tal manera que sus sectores industriales y de desarrollo tecnologico siempre han estado deprimidos. lo que implica de un modo logico que exista una fuga de cerebros y un desbalance comercial creciente respecto a estados unidos y ahora china.
los gobernantes que no son mas que una clase cleptotractica, que desde los inicios de la nacion ha estado atornillada al poder, nunca han ofrecido un cambio estructural, tambien debido a que los incentivos legales y estructurales de la economia impiden un cambio politico y social, en conseuencia, el deterioro economico ha estado asociado a un enemigo interno durante los masd de 50 años de conflicto civil y ultimamente se le achaca la culpa a la inmigracion de venezolanos y ala propia venezuela(enemigo externo).
todas estas representaciones ya mencionadas, han implicado para la nacion un caminar sobre estacas, que no puede producir mas que un proceso de hiperinflacion a medio plazo. cabe recalcar que las reservas de oro internacionales del pais se han deprimido en un 60% durante la pandemia y que ademas el estado asumio nuevos prestamos que incrementaron la deuda externa con respecto al pib del 49.5% en 2019 a 54.8% segun el ultimo reporte, lo que implica que en menos de 18 meses se ha aumentado en un factor del 10.71%.
este escenario mencionado anteriormente, implica de un modo logico que exista unos riesgos sistemicos acusados, en el seno de la economia colombiana. cabe mencionar que los sectores de la explotacion de hidrocarburos y turismo se han deprimido por casi un año debido a los desplomes en el precio del crudo y una disminucion significativa del turismo debido a la pandemia, pues estas son las fuentes mas fluidas de divisas internacionales para el pais.
colombia debe asumir una postura mas seria para poder salir de este atolladero, no sirve para la inversion extrajera ni para la confianza del inversor que cada dos por tres esten reformulando las reglas comerciales y la burocracia, el pueblo colombiano terminara pasando por la gillotina a sus gobernantes tarde o temprano cuando se produzca una depresion del costo de vida y una disminucion significativa del poder adquisitivo como la proyectada en este analisis.
terminare explicando la parte tecnica, lo que observamos en una proyeccion en un canal equidistante; en la observamos 3 elementos uno temporal que se basa en trazar los puntos mas significativos de cambio de la tendencia o movimientos fuertes, para asi postular una proyeccion temporal de cuando se dara el siguiente pico inflacionario, este esta cerca de finales del 2024, pero se puede producir antes. por otra parte, el precio se encuentra en la parte superior del canal, el unico modo de revertir este escenario es que el precio corrija con fuerza y toque la parte mas inferior del canal o lo rompa, pero parece que no va ocurrir esto. mas bien parece que buscara el nivel tecnico del 3.61 de fibonacci. en menos de 3 años. por lo cual es mal momento para realizar inversiones a medio plazo en el pais.
terminare por observar que el pais puede salir de este escenario, si existe un cambio estructural a largo y medio plazo en los modos en que la economia del pais produce y si el gobierno decide reducir las externalidades y hacer mas presencia territorial en el pais. por otra parte, es importante tener unas reglas fiscales simplificadas para la inversion interna y externa, en condiciones que propicien una competencia entre ambos tipos de inversion, podria ser un requisito que dicha inversion deba ser por ley mixta y propiciar el desarrollo e industrializacion del campo; sin embargo, debe propiciarse un cambio en las dinamicas internas sobre el narcotrafico y el uso del gasto publico. pues el gasto publico propicia una inmovilidad social, debido a la gran cantidad de subsidios.
para aclarar si se incentiva el sector privado con inversion mixta(esto entendido como inversion extrajera y interna esta ultima entendida como estatal y privada), las soluciones macroeconomicas se daran en el medio plazo. lo que implicara un flujo e capitales y disminucion del desempleo estructural, puesto que los datos oficiales dicen que existe un desempleo mucho menor que el que en realidad existe, ya que se mide arbitrariamente la informalidad dentro de este estandar.
ATOM/USDTAtom shows more quickness then other shitcoins but trend still looking in to the hell.
So we got 2 scenarios: upside and downside ( it always been lol)
case of upside depends on the low of 11.5 so bulls need to save that low to prevent structure breakdown then we may see upside
case of hell which looks mmore real to me: bears will ruined the level then MM going to take all that liquiduty( blue lines) he made while we grew and the character of trend makes me to look more at hell scenario, common this lows is too obvious. ISNT?
but one legit thing in hell scenario is corrections around $8-$10 we could see and I could long because the healthy assets doesnt fall in couple bars, you know. MM playing with ATOM like a mf so I want to see good bounces.