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Stablecoin

Is Dogecoin Crypto's New Stablecoin?A few months ago I argued that Dogecoin's numerous partnerships with various businesses out there (which now seems never-ending at this point) made it a perfect candidate to emerge as a crypto-based "stablecoin" in the Web3 ecosystem as a whole. Given the astronomical jump in 2020-2021 (almost 100000%+) and wild volatility that the coin typically exhibits, the idea may seem absurd but if you look at the project more closely it seems more and more likely that we're starting to get there. - Dogecoin's current inflation rate is around 4%, which is set to gradually taper off over time. (Disinflationary model.) - Businesses like Dogecoin because its inflation rate is reasonable and predictable, which allows them to use the coin for long-term projects. (Inflationary assets are good for speculators but businesses need stability, not growth.) - Bitcoin and Ethereum are currently treated as speculation assets (what happens with ETH2/ConsenSys is TBD) but Dogecoin has focused on usability from the very beginning. As argued in the previous idea, the widespread adoption of Dogecoin by the business communities make the coin less useful for speculation (it's not likely we're going to see a huge spike like we did in the last few years) but as a stablecoin, it tends to whether downturns in the market a lot more. This week may be the first time we've seen this pattern emerge so clearly.
Long
by RyanTanaka
BINANCE USD (BUSD) IS AT A CRITICAL LEVEL TO NOTE. BUSD all time high has occurred twice leading to formation of a relative M pattern. BUSD retracement is currently at about 40% from the beginning of the BULL RUN that led to the last all time high (ATH). This asset has been retracing, hitting and retesting the FIB levels as displayed on my TA (chart). BUSD is currently sitting at $400, FIB 61.8 level, horizontal TL and they are all my support level (zone). My opinion: 1. Continue bullish run to $440 zone 2. Break the current Support zone and run down to my target buy zone @ $360 - $340. This my target is also at the beginning of the neck of the M-pattern. I will wait to add more to my portfolio at around my option 2. KINDLY SUPPORT ME WITH YOUR LIKES, COMMENTS AND FOLLOW.
BINANCE:BNBUSDShort
by ForexClinik
USDt update todayThe exchange said that the new margin trading service aims to improve its stablecoin offerings to enable it to remain consistent with user demand and market evolution. The new service would, therefore, enable Bitfinex investors to conduct leveraged trades for the trading pairs. This means that customers will be able to borrow money from the platform to exchange USDt and EURt, GBP and USDt, GBP and EURt, and JPY and USDt. Bitfinex mentioned that the addition of the new trading pairs is in line with its stated commitment to providing a ‘coin agnostic platform’.
COINBASE:USDTUSDLong
by Christina60081
In a game of probabilities, Bitcoin is looking primed for upsideIn a game of probabilities, one could never be 100% certain of the outcome. I'd be very happy if my opinion is helpful, yet of course - I can't predict the future, just working with what I see. In a search for evidence, however, my bias remains bullish. My conviction is we have bottomed and price will expand to the upside moving forward. It's worth noting that find similarities between now and 2020 (before the 10-60k expansion). To name a few - the Supply Side dynamics, Golden Ratio Multiplier, 2Y MA, RSI and many others. This to me builds a case with a much higher probability for upside going forward.
BITSTAMP:BTCUSDLong
by FiveMillionMax
7
Btc update Hello everyone! As we can see price was squeezing in ascending triangle,finally yesterday price managed upside breakout at the same time broken our resistance (red downward sloping trendline) Retail traders get excited after seeing this breakout and ofc youtubers (moonboyz) add fuel to the fire)) tbh I wont surprise if price reverses after trapping these traders! Short term might be bullish but as long as price below MA200 and Macro side risky because of rate hikes we have zero confirmation that the downtrend is over! Stay safe.. Important events for crypto: 1) House of Representatives committee schedules hearing on stablecoins for February 8 2) US Senate slates hearing on stablecoins for February 15
by Madinakh
2
yAxis Seems to be Very Good for Investment 22/02/2021What is yAxis? yAxis markets itself as a meta yield farming aggregator that is able to switch the underlying assets when deploying strategies. Yield farming strategies are governed by a DAO, where token holders vote regularly to implement the best strategy out of a selection of strategies provided by multiple yield aggregators. yAxis price today is $33.70 with a 24-hour trading volume of $3,473,514. YAX price is up 0.2% in the last 24 hours. It has a circulating supply of 800 Thousand YAX coins and a max supply of 938 Thousand. Uniswap (v2) is the current most active market trading it. What are YAX tokens? The YAX token is yAxis’s native governance token. As the platform is developed further, YAX tokens will be used to shape the direction of its future. Among the proposals that the DAO may choose to execute is to alter the emission of YAX or to reward early users of the protocol. Governance may also vote for the protocol’s fees to be distributed to YAX holders. 10% of YAX tokens is saved into a community treasury which could be deployed via a governance vote. How does yAxis work? The goal of yAxis is to create a meta yield aggregator which can obtain the best yield by taking advantage of other existing yield aggregating platforms such as yearn.finance or Pickle Finance. In other words, it operates above these platforms and can switch between platforms that offer better yields. Currently, the product can be divided into MetaVault and governance. Multi-Asset MetaVault The multi-asset MetaVault allows users to deposit different types of stablecoins such as USDC or DAI. Users who deposit stablecoins will receive MetaVault tokens (MLVT) to represent their share of the vault. MLVT tokens will accrue value as the deposited funds are deployed to the best yield-aggregating strategy. Depositors will get to save on gas fees as the fees are distributed to all depositors. Whenever there is a better strategy available, MetaVault will convert the underlying deposits into the appropriate asset to begin yield-farming using the more profitable strategy. Users can choose to withdraw their funds anytime by returning their MLVT tokens for any stablecoin of their choice and interest. yaxis metavault page Governance Strategies are decided by the community by staking YAX tokens on the governance platform. YAX holders can choose from a preselected list of yield farming aggregators, and stake their tokens in the contract which they believe will provide the best return. Strategy risk, fees, and the overall DeFi market sentiment will be displayed on the governance user interface. In return for voting, the community will reward voters with a share of the MetaVault’s performance fee. How do I get YAX tokens? You can obtain YAX by purchasing them from cryptocurrency exchanges such as Uniswap or Bilaxy. Besides that, you can also earn YAX through the staking section on the yAxis platform. Users can stake their existing YAX to earn a share of farming rewards which are sold to YAX and redistributed back to stakers. Users may also provide liquidity for the YAX-ETH pair on Uniswap and stake the liquidity provider tokens to earn YAX in the LP section. To know more about this and other yield farming programs, you may head over to our Yield Farming page. there are total of 3TPs i have mentioned where easily we can achieve them. i have mentioned these levels for those who did not invest on time so you can understand where to jump in the market in case you where interested
YLong
by BitonGroup
6
$RSR/USDT 3D (Binance Futures)Symmetrical triangle near breakoutReserve Rights is accumulating above 50MA support and preparing for the next big move to come! #RSR #DeFi reserve.org Current Price= 0.035359 Buy Entry = 0.035421 - 0.031653 Take Profit= 0.051122 | 0.075996 | 0.113954 Stop Loss= 0.024730 Risk/Reward= 1:2 | 1:4.82| 1:9.13 Expected Profit= +52.41% | +126.57% | +239.74% Possible Loss= -26.27% Fib. Retracement= 0.786 | 1.272 | 1.764 Margin Leverage= 1x Estimated Gain-time= 6 months Contracts: #ERC20 0x8762db106b2c2a0bccb3a80d1ed41273552616e8 #XDAI 0x5a87eac5642bfed4e354ee8738dacd298e07d1af
Long
by TradingOn
Positive signs in OHM's chart, Project outlook is good, i'm longOHM is showing why it is the best DAO - treasury is healthy, staking has been steadily in the range of 7,600-8,400% APY; and Olympus Pro is expanding its ecosystem. Many new DAOs are appearing that are forked off of OHM, which is growing the entire DAO market cap, and is suggesting great potential for the viability of actual DeFi stable coin. I think OHM will end up having the largest cap out of all of them, and is a wise investment choice at this time.
OLong
by Tokademics
6
EPS/USDT Downtrend breakout. How high can we go till EOY?In case you miss a chart you can suggest it in the comments. Maybe we will cover it next time. Intro: - Ellipsis is a low slippage stable coin swapper onto the Binance smart chain ( BSC ). - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. Daily chart: - Price shows a breakout above the purple resistance line. The 0.45$ line now acts as support. We immediately face the local resistance around 0.53$. - Volume is on a steady decline since September where price peaked. Once we confirmed the trend reversal we expect additional price spikes. - RSI analysis confirms the breakout alongside price. - Support lines are at 0.45$ and 0.35$. - Resistance lines are at 0.53$, 0.8$, 1.075$ and 1.5$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. After the peak around 1.1$ we got hammered down to 0.45$ and expect to recover within this month. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - Binance got rid off some FUD that partly caused it's price to fall. Now BNB sees a great recovery which opens the doors for BNB projects like EPS . - DeFi will get more attention during Q4 again and not only for Tax reasons. - End of the year prediction: We will see a 1.5$+ EPS before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - 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. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
ELong
by tumbler55
3
$FXS/BTC 4h (Binance Spot) Bull-pennant breakoutFrax Share broke out bullish locally and looks ready for another leg-up that pull-back. FXS is not only a DeFi token but also a member of the Avalanche Ecosystem! It works as a governance for the Frax Protocol, which is the first fractional-algorithmic stablecoin system (FRAX). Current Price= 0.00012369 Buy Entry= 0.00012395 - 0.00011715 Take Profit= 0.00014456 | 0.00015810 | 0.00018294 Stop Loss= 0.00010275 Risk/Reward= 1:1.35 | 1:2.11 | 1:3.51 Expected Profit= +19.92% | +31.15% | +51.75% Possible Loss= -14.77% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 weeks
FLong
by TradingOn
Algorand Longterm Trading Strategy. +Buy and Sell zonesFor the last few years Algorand has been one of the leading candidates for a Government-backed stable coin, already securing contracts with nations such as the marshall islands and having massive institutional backing from investors. However, due to a flawed initial coin sale, the price has lagged behind the general market this year in terms of gains. The issues with the emission schedule of Algo and its supply have been addressed by the Algorand foundation and I now believe we have the potential to see some significant gains over the next few months and years. I am not jumping on to the train just yet as it still needs to break its current channel that has been holding since late May. Hence the reason why this trading idea contains two buy zones, the first buy zone is the area I will begin loading up at if we go lower from here. Buy zone 2 is the area I will begin buying at if we have a confirmation of this current channel's break out in the upward direction. I will allocate 40% of my total purchased $ALGO to my long-term portfolio, and the rest of it I will sell at the indicated target levels. I labeled the strong reaction zones (orange) These are areas where higher volatility is to be expected if reached. This could be up or down, but they are definitely areas to watch for strong rejections and breakouts. Therefore if you see the beginning of a rejection at one of these levels I’d consider trimming the position.
Long
by Helios_Capital_Investment