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FFIE possible range to play0.2% retrace towards the high would land at a price near $400. Personally I think we could see a range developing between the yellow bars. I think we will hit something near $1.7 before $6 and maybe revisit $1.9??? Run around like a drunk girl that's 16 and eventually reject from near $26 to revisit around $4..... Flat line befor hitting some stupid numbers in 2028 or 2029. After that the company crashes and is never heard of again. No crystal ball but if I had an extra million sitting around I'd put $1,000 in 5 different buys. One now and stack them going down to about $1.4. I would still expect to see all the investment to hit ZERO. NOTHING I SAY IS FINANCIAL ADVICE. I AM OFTEN WRONG AND IDGAF ABOUT THIS FFIE MADE MY 2 Gs off it. Might put $500 in when is takes the lower yellow bar out.
NASDAQ:FFIE
by Polarbearman
1
MoonBeam: Polkadot Scam Token? Down 99%Moonbeam is a prime example of a dead project. It is down 99% since its all-time-high and there are no signs of life to be found: the marketing team isn't producing any new content, it is not mentioned by @polkadot CRYPTOCAP:DOT , and its price is still down 99% from its all-time-high despite crypto having experiences a massive surge. Fact: moonbeam is dead and will trend towards $0. If you bought at $10+, you will likely be in profit selling at -95% even at this abismal price. Dead shitcoins such at moombeak will only be worth $0 soon,
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by couldntcomeupwithone
4
MoonBeam: Abandoned Scam Project? Down 99%, soon $0?MoonBeam: Abandoned Scam Project? Down 99%, soon $0? MoonBeam aka SEED_DONKEYDAN_MARKET_CAP:GLMR #GLMRUSD is down over 99% since its all-time-high and while almost all of crypto has been rallying hard, MoonBeam continues to get brutally rejected. Today, it rejected again and crashed HARD, while other cryptocurrencies went up. It appears that MoonBeam project is a dead project. The team has been unable to fulfill their promises and the wider crypto community doesn't care about MoonBeam or what the project stands to do. Projects that die down in this fashion are often scams. It's possible the coin can't rise/breakout because the founders are printing coins out of thing air and dumping on the market. Currently, MoonBeam is down over 99%. Depending on what exchange you look, it's all time high was around $24. It is currently barely $0.45. This has all the hallmark signs of a shitcoin scamcoin that is heading to $0, like Luna. RIP MoonBeam / Polkadot Ecosystem.
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by couldntcomeupwithone
4
$FDUSD is a financial illiquid scamCRYPTOCAP:FDUSD is a financial illiquid scam FDUSD (First Digital USD) is a reserve-backed stablecoin issued by a subsidiary of First Digital Limited, a Hong Kong-headquartered financial firm. Let’s delve into the details: FDUSD Overview: Introduced in June 2023, FDUSD aims to be backed by one U.S. dollar or an equivalent value asset held in reserves. The issuer, FD121 Limited, is a subsidiary of First Digital Limited. First Digital Trust Limited, another subsidiary, acts as the appointed custodian for FDUSD reserves. Reserves are held in segregated accounts, ensuring no commingling with other assets. The goal is to maintain a 1:1 backing of FDUSD with cash or highly liquid assets. Audited Reserves: FDUSD provides an “attestation of reserve” report audited by independent auditors. This report demonstrates that the supply of FDUSD in circulation is fully supported by an equivalent value of cash or cash equivalents held in custody. While FDUSD aims for stability, there are inherent risks: Illiquid Assets: FDUSD’s reserves can vary from highly liquid to nearly illiquid assets. Issuer Risk: There’s a risk that the issuer may fail to uphold stablecoin features, including nominal value and timely redemption at par THE REAL PRICE OF FDUSD AT THE CURRENT HOUR is 25 cents for each 1 dollar 25 cents for each 1 dollar, they are under collateralized. THIS MEANS: 1 CRYPTOCAP:USDT = 4 CRYPTOCAP:FDUSD OR 1 CRYPTOCAP:FDUSD = 0.25 CRYPTOCAP:USDT EXIT BINANCE, DUMP FDUSD, CALL POLICE!.
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by TheTraderrr
1
Beware of Crypto scams- Rug PullsWith the crypto market on a strong run since October of last year and with many dreamers hoping for 100x or even 1000x returns, we must be extremely cautious of scammers. In this article, I will explain one of the most common types of scams: Rug Pulls. The term "rug pull" in the cryptocurrency industry refers to the moment when the founding team abruptly abandons the project and sells or removes all liquidity. The term originates from the phrase "pulling the rug out from under someone," meaning the unexpected withdrawal of support. In 2021 alone, during the previous bull market, rug pulls were responsible for losses of approximately $2.8 billion, a figure close to historical highs and an 81% increase compared to 2020, according to a report by Chainalysis. The cryptocurrency market is susceptible to such scams due to the lack of regulations from central authorities. Unlike traditional companies subject to strict government control, the decentralized nature of the crypto space allows for complete control by private entities. This makes it vulnerable to exploitation by these entities. Types of rug pulls: Liquidity Theft: Liquidity theft is the most common type of rug pull. It involves a developer listing an altcoin on a decentralized exchange (DEX) where it can be traded with a top currency like Ethereum (ETH). To enable trading, the developer must create a liquidity pool. The team generates hype around the new project and attracts investors. As more investors join the project, the coin's price rises, attracting others who believe the project is a viable opportunity. As the coin increases in value, the developer withdraws all ETH from the liquidity pool at some point, leaving investors in the pool with no way to exchange their now-worthless tokens. Technical Manipulation: Some developers intentionally design tokens with the aim of deceiving investors. Therefore, they will include specific lines of code to limit the ability of retail investors to sell, thereby controlling both demand and supply. Of course, they are the only ones capable of selling, and when the price has appreciated sufficiently, they will sell all the tokens they hold. Dumping: This means that developers or promoters who hold a large percentage of the total coins sell off their entire holdings. As new entities invest in the new cryptocurrency, they exchange their valuable cryptocurrencies such as BTC or ETH for the new cryptocurrency. As a result, when the price increases significantly, developers sell off all their tokens, causing the price of the cryptocurrency to plummet. How to Protect Your Investments from Potential Rug Pulls? Lack of a Website: Not all projects start with a website, but many that intend to exist for a long time do. If the developers of the token you want to invest in don't have a personalized domain for their project, this is a clear warning to stay away. There are also fraudulent projects that have websites claiming to be under construction or launching soon. Check the White Paper: This is an excellent way to learn about the plans of the project you want to invest in. Check for the existence of such a document, as well as any discrepancies between the white paper and the website. ALSO, VERIFY IF THE TEAM IS AVAILABLE TO PROVIDE INFORMATION ON PLATFORMS SUCH AS REDDIT OR TELEGRAM. If a developer cannot answer basic questions about their project, this raises major red flags. Anonymous Developers: While the identity of Satoshi Nakamoto, the developer of Bitcoin, is not known for certain, the fact that a project you want to invest in has anonymous developers should raise concerns. If the developers of a cryptocurrency or DeFi project choose not to associate their names with it and remain in the shadows, they may have reasons for doing so, and it's best to avoid such a project. Low Liquidity: Low liquidity of a cryptocurrency means that it is difficult to convert it into fiat currency; therefore, the lower the liquidity, the easier it is for developers to manipulate the price. The best way to check the liquidity of a cryptocurrency is to analyze its trading volume over the past 24 hours. A general rule used by experienced investors is that the trading volume should be more than 10% of the coin's market capitalization. Locked Liquidity: To provide trust and enhance the public perception of their legitimacy, developers of serious projects will relinquish control over the liquidity pool by locking it in the blockchain often with a trusted third party. This process is called locked liquidity and prevents developers from trading with tokens from the pool, thereby making it impossible for them to steal or dramatically reduce liquidity. If liquidity is not locked, then nothing prevents developers from withdrawing their funds. Low Total Locked Value (TLV): TLV is another reliable measure to verify the legitimacy of a project. This term refers to the total amount invested in a particular project. Serious projects have a TLV of hundreds of millions or even billions of dollars, while newly emerging projects with only tens or hundreds of thousands of dollars in TLV should definitely be avoided. Token Distribution: Checking the token distribution of a project on Etherscan or Binance Smart Chain explorer will show who holds the largest amount of tokens and how they are distributed. If a single wallet or two hold more than 5% of the total available, there is a risk that the price may be manipulated. The Project lacks an Audit Report: The most notable projects will have independent audit reports in the fields of security and financial transparency, guaranteeing their authenticity. A project without an audit report is not necessarily fraudulent, but it means that you should research the project in detail before investing in it. Losing investments through a rug pull is a common phenomenon; therefore, before investing in a project, it is wise to analyze the project, developers, liquidity, and also the developers' activity on social media platforms. Additionally, you can opt to use online tools that can detect a potential rug pull. One of these tools is Token Sniffer. This site lists all the latest hacks and scam coins. Rug Doctor is another useful tool for detecting rug pulls. The site analyzes the code of crypto projects, attempting to identify the most common rug pull strategies. Stay safe and good luck! Mihai Iacob
Editors' picks
BITSTAMP:BTCUSDEducation
by Mihai_Iacob
22
Filecoin Rejected for the 8th Time: Ultra Mega BearishWhile the entire crypto + stocks market has been making new yearly highs, filecoin has been struggeling with a minor resistance. As previously mentioned, this is extremely worrisome for holders/buyers of this asset because extreme weakness in an otherwise extremely strong market is recipe for Ultra Mega Bearish Disaster. I expect this coin to drop to sub $1 and never recover. This coin was $230 and is now barely $5, which shows that it has unfortunately already died. I expect the crash to commence soon.
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by couldntcomeupwithone
1
MULTI/USDT - Multichain - Opportunity or scam ?Multichain (MULTI) is currently undergoing a dynamic phase in the cryptocurrency market. Here's a brief analysis: Fundamental Considerations: Multichain (MULTI) is a cross chain router protocol with 93 chains integrated. It has a market cap of 30M$ and a 4M$ trading volume over 24 hours. In July 2023, there was an incident related to a possible exploit or security breach associated with Multichain, causing the price to fall -40%. Technical Overview: Price went up 130 % in just a month from All-time low, and is down 90% from All-time high. However price has made lower highs for the last 2 weeks, approaching the 200 EMA support with a reversal bear probability of 90% looking at moving averages. My personal take: It's just another shitcoin that's probably going down to zero. It was fun scalping it the last two weeks. Now I'm waiting to see what direction it takes, if the support will hold or not. Right now I am pausing trading on this coin until a clear direction is shown. I will keep you guys posted.
M
by cyatophilum
BNB 2days/candle Binance Ponzi 50% correction🔸Hello traders, let's review the daily price chart for BNB today. Prior strong downtrend conditions then compression into rising wedge in downtrend signals further losses. 🔸BNB CZ took down FTX previously, however as a domino effect now Binance is under heavy scrutiny by global regulators and SEC in US. Things are not looking good for Binance and the Ponzi BNB token, previously artificially inflated by CZ/Binance manipulations is under heavy sell side pressure. expecting 50% correction. 🔸Recommended strategy for BNB/Binance bears: Short the Ponzi token at market, after breakdown of rising wedge we are hanging by a thread near 200/220 USD, once this final S/R is broken, free fall mode until 130/140 USD, expecting a waterfall dump and deflation of the artificially propped ponzi BNB. final TP bears is 130/140 USD. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:BNBUSDShort
by ProjectSyndicate
33
DLO DLocal Limited "is likely a fraud"If you haven`t read Muddy Waters Research: "our research leads us to believe that DLO is likely a fraud. We also have concerns over its disclosures about, and controls of, client funds." Then analyzing the options chain and the chart patterns of DLO DLocal Limited prior to the earnings report this week, I would consider purchasing the 13usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $1.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:DLOShort
by TopgOptions
❗ WATCH OUT 👎 SCAMS & WORST Crypto's for 2023Hi Traders, Investors and Speculators of Charts📈📉 Many of these projects might come as a shock and be disappointing. As the markets evolved and crypto regulation has taken a more prominent stance; scammers have had to become smarter. The latest trend seems to be a rug pull and then just let the rest of the project's liquidity bleed out. In other words, remain borderline active as they drain more and more funds over a longer time. Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves. When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to prominence in the portfolios of many retail and institutional investors. At the same time, people are still shocked when something like LUNAUSDT / TERRA happens. 📛 C+CHARGE / CCHG USDT 📛 Initially, the fundamentals sounded noble. But after some research, most members of the team are unverified and there has been no real project activity since late 2022. Apart from this, a coin that loses near 100% is ALWAYS a bad sign and indicates a rugpull, more than anything else. 📛 LUNC As seen on the chart / Terra Classic 📛 A noble rescue at first... TerraClassic community continues to create social media buzz based on the idea that brokerages listing LUNC will implement a burn tax that'll reduce the max supply of close to 6.9 trillion tokens. But even burning billions of coins won't have an impact with a max token supply this large. The bigger problem is that TerraClassicUSD has de-pegged and its native coin Terra Classic no longer serves any purpose. With all blockchain work now revolving around the new Terra, Terra Classic and TerraClassicUSD are shell investments, with nothing to back their value. 📛 FTT / FTX Token📛 Why Kukcoin hasn't delisted this is beyond me... Te infamous token of the Sam Bankman Fried saga, more on it here: 📛BURGER / BURGER COIN 📛 . .. REALLY ? 📛 PIZZA 📛 AGAIN, really... 📛 Bitcoin Gold / BTGUSDT 📛 Bitcoin blockchain underwent a fork in 2017 called BTG. Although the fork was meant to produce a more decentralized form of Bitcoin, it has not been successful. BTG was created to address the issue of mining centralization in Bitcoin, but it has not been able to achieve its goal due to the emergence of specialized mining hardware. Just DON'T. DON'T DO IT. Buy the real thing instead. 📛 PITBULL / PIT 📛 I'm letting the dogs out on this one.. That decimal is basically falling off my screen. 📛 BLUR / BLURUSDT 📛 __________________________ 💭 All the above said. Let's discuss a few ways to navigate this wild west market: - Research the team . Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. Check out their Twitter and Reddit. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects. - Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan. - It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck PANCAKESWAP:CCHGUSDT_A8BAB1 BINANCE:LUNCUSDT BINANCE:LUNCBUSD KUCOIN:FTTUSDT BINANCE:BURGERUSDT MEXC:PPIZZAUSDT OKX:BLURUSDT OKX:PITUSDT BYBIT:BTGUSDT
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by CryptoCheck-
49
ETH The Potential Downfall of EthereumThe recent developments involving a giant whale associated with Vitalik Buterin depositing a significant amount of 2,013 ETH to OKX, combined with Ethereum Co-Founder Vitalik Buterin expressing concerns about the security of over $40 billion worth of staked ETH, present potential reasons for a decline in Ethereum's value. The deposit of such a substantial amount by a prominent figure like Vitalik Buterin's associate raises questions about market dynamics. It could imply a potential sell-off or a lack of confidence in the future performance of Ethereum. Large-scale transactions like these often have a psychological impact on investors and traders, potentially leading to increased selling pressure. The expressed concerns of Vitalik Buterin regarding the vulnerability of over $40 billion worth of staked ETH highlight potential security risks within the Ethereum ecosystem. Such concerns can erode investor confidence and create uncertainty about the overall stability and reliability of the Ethereum network. If investors perceive Ethereum as susceptible to theft or hacking, it may lead to a loss of trust and a subsequent decrease in demand for the cryptocurrency. When a co-founder of a project raises concerns about its security, it can generate negative sentiment among the community and wider market participants. This negative sentiment may result in increased caution or even withdrawals from staking, further impacting Ethereum's price. My Price Target for ETH Ethereum is now $1750, close to the 200 Moving Average on the Daily Timeframe. Looking forward to read your opinion about it.
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by TopgOptions
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.
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by TopgOptions
ETC Ethereum Classic | Why Forks are Useless CreationsForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value. Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively. Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction. In my opinion ETC Ethereun Classic could easily reach $8.30. Looking forward to read your opinion about it!
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by TopgOptions
1
TON Toncoin has been classified as a security by the SEC !The SEC's classification of Telegram's Gram (TON) as a security highlights the regulatory scrutiny surrounding certain cryptocurrencies. This classification implies that Gram tokens are considered investment contracts, subjecting them to securities regulations and requirements. Such regulatory actions aim to protect investors and ensure compliance within the evolving cryptocurrency landscape. It reinforces the importance for cryptocurrency projects to navigate the regulatory landscape diligently and ensure compliance with applicable securities laws to foster investor confidence and industry growth. My Price Target for TON is $0.73. Looking forward to read your opinion about it!
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by TopgOptions
1
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.
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by TopgOptions
1
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.
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by TopgOptions
MONG/USDT 97% Down in 30 Days Important Crypto Investment Reminder Be cautious of rug pulls! Crypto investors, beware of recent incidents like the Mong Coin price drop of almost 97% in just 30 days! It's crucial to diversify your investments and avoid allocating too much of your funds to a single coin. Diversification is key! By spreading your investments across multiple coins, you can reduce the impact of any individual coin's performance on your portfolio. Diversifying helps mitigate risks and provides a safety net against sudden price drops like the one experienced by Mong Coin. Example Case: On 6th May 2023, the price of $Mong was $0.00000038. If you had invested $1000 in #MONG/USDT at that time, your investment would now be worth approximately $35, resulting in a significant loss. Stay systematic and informed! To make smart investments, conduct thorough research, and consider the underlying fundamentals of a project before committing your funds. It's recommended to follow a systematic investment strategy and approach to minimize risks and increase the chances of achieving your financial goals. Stay vigilant and happy investing!
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by CryptoPatel
1