Coins that shined in July. Check their success stories!Hi traders! There's a list of coins that I'd like to highlight today. Let's discuss it.
Maker (MKR) is a DeFi protocol on Ethereum that issues and manages Dai, a stablecoin pegged to USD. Users can lock collateral like ETH into Maker's smart contracts to create Dai. The MKR token governs the MakerDAO, which oversees the protocol.
Recently, MKR has surged 47%, reaching 41st in market cap. MakerDAO has made significant moves, including increasing the Dai Savings Rate (DSR) to 3.49% and buying $700M in U.S. treasury bonds to diversify its balance sheet.
The price of the MKR is trading within a defined channel, indicating a period of consolidation or range-bound movement. The lower boundary of the channel is acting as a support level, with prices finding support around the range of $1070 to $1073
I am watching the scenario unfold.
Worldcoin
Worldcoin, co-founded by OpenAI CEO Sam Altman, introduces "proof of personhood" using biometric data via an "Orb" device. World ID enables fair voting and value distribution, possibly leading to universal basic income. The WLD token will be issued to users completing proof of personhood.
The main risks of this coin
Privacy
Despite using cryptographic methods to protect data, there is a risk of information leakage or misuse.
Accessibility
The need for physical access to the "Orb" device limits the project's coverage, potentially leading to uneven distribution in favor of urban centers.
Centralization
Despite Worldcoin's promises of decentralization, there are concerns about the possibility of introducing "backdoors" or creating fake identities.
Security
Risks associated with the potential hacking of phones, etc devices
Currently, the coin's price pattern appears unpredictable. However, I speculate that a potential bounce reaction might occur around the $1.7-$2 level.
XRP
The legal case initiated by the U.S. Securities and Exchange Commission against Ripple Labs in 2020 has concluded in favor of the latter. Throughout these years, the company had accused of selling unregistered securities.
Great news for this currency as it has already rebounded. As we know, "sell the news, buy the rumors." In this case, I would consider buying at lower levels. I will definitely keep an eye on the developments in August.
Thank you for reading my shortcut, folks!
What are your favorite coins that you traded this July or see? Write in the comments below. I will be glad to check it!
Worldcoin
1000X Worldcoin is a revolutionary projectWorldcoin is a revolutionary project aiming to create a global identity and financial network accessible to all of humanity. It seeks to address the challenges of proving personhood in an increasingly AI-driven world, enabling fair distribution of resources, and supporting global democratic processes. World ID, a privacy-preserving digital identity network, is central to Worldcoin, and it uses custom biometric hardware called the Orb for verification. The network also includes a digital currency called WLD, issued to align incentives for network growth. World App serves as the initial frontend to World ID. Potential applications of Worldcoin include enabling universal access to finance, eliminating bots and spam, enhancing governance mechanisms, and promoting equal distribution of resources.
Meet Sam Altman: The Visionary Behind Worldcoin
In the fast-paced world of technological innovation, few names shine as brightly as that of Sam Altman. Hailed by many as the most intelligent mind of our time, Altman has been at the forefront of groundbreaking ventures that challenge the status quo and push the boundaries of human potential.
At the core of Altman's latest brainchild, Worldcoin, lies an audacious goal - creating a global identity and financial network accessible to every individual on Earth. Founded with the noble vision of inclusivity, Worldcoin's mission is to redefine economic opportunities and ensure privacy while differentiating humans from AI in the digital realm.
The foundation of Worldcoin revolves around World ID, a privacy-preserving digital identity network. Using cutting-edge zero-knowledge proofs and the innovative Orb biometric device, World ID empowers users to prove their humanness without divulging their real-world identities. This addresses the pressing issue of distinguishing real humans from AI and sets the stage for fairer distribution of limited resources.
The Worldcoin protocol further introduces the WLD token, incentivizing network participants to contribute to its growth. Early adoption of the token is crucial to overcome the "cold start problem" and eventually pave the way for the most widely distributed digital asset in existence.
World App, the project's initial frontend, guides individuals through the verification process using the Orb and provides seamless access to the decentralized financial infrastructure. This technology holds the potential to connect people globally, revolutionizing the way money is sent and received, and democratizing financial participation like never before.
Beyond the realm of finance, Worldcoin's influence spans governance and identity. By eliminating bots and spam through robust proof of personhood, World ID brings reliability to web3 token-based governance, enabling a truly democratic decision-making process. Additionally, the protocol opens up possibilities for governments and organizations to distribute resources more equitably and combat economic inequality effectively.
The man behind the genius, Sam Altman, envisions a world where AI-driven advancements align with human values and aspirations. With Worldcoin's potential path to AI-funded Universal Basic Income (UBI), Altman aims to ensure that the benefits of technological progress are shared by all, transcending economic disparities.
Worldcoin has the power to reshape the future of our global society. With Sam Altman's visionary leadership, this venture strives to unlock the true potential of humanity, leaving an indelible mark on history as a beacon of inclusivity, innovation, and empowerment. As we embark on this exciting journey with Worldcoin, let us embrace the promise of a new identity and financial network, ushering in a world where all individuals thrive together.
AUCTION/USDT Technical Analysis: Potential Long Trade SetupAUCTION/USDT Technical Analysis: Potential Long Trade Setup
Hey Traders!
Check out this technical analysis on AUCTION/USDT for a potential long trade opportunity. Remember, this is not financial advice, and always do your own research before investing in any coins.
Price Action Analysis:
AUCTION/USDT has seen an impressive 300% surge in the past week. However, it's crucial to approach trading with caution and not let FOMO (Fear Of Missing Out) guide your decisions.
Long Entry Strategy:
Based on my analysis, Wave (III) seems to have completed, and a correction in the form of Wave (IV) could be coming. If you're considering a long position, wait for the completion of Wave (IV). A retracement of around 40-50% from the peak of Wave (III) is expected.
Ideal Entry Zone: $8.88 - $10
Stop Loss: $7.58
Price Targets:
Should the anticipated pattern play out, significant upside potential is possible. Primary price targets for the long trade are set at $17 and $22.
Risk Management:
Remember, risk management is crucial in trading. Enter the market with a well-calculated risk-reward ratio to protect your capital and avoid substantial losses. Consider short trading opportunities as well, but be aware that they may require a wider stop-loss due to higher volatility.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, so exercise caution and conduct thorough research before making any investment decisions.
Happy trading, and may the markets be in your favor!
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Worldcoin(WLD)🗺️Road map🗺️(short term)!!!Hi everyone👋.
In the past few days, the Worldcoin(WLD) project has been one of the projects that has attracted the attention of many users.🥳
Today, I tried to show you the roadmap of Worldcoin, and I'd like to say that it's better not to rush; the time to invest in this project hasn't come yet.⚠️
In terms of Elliott wave theory, Wordcoin is completing corrective waves. Currently, Wordcoin has managed to complete the main wave B with the help of the Rising Wedge pattern .🌊
🔔I expect Wordcoin to start to decline after completing the pullback to the lower line of the Rising Wedge pattern, confirming the start of wave C. The fall of Worldcoin can continue at least to the 🟢 support zone($1.913-$1.850) 🟢.
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🌐➕ Positive News ➕🌐:
The token of the Worldcoin project, WLD, is listed in various exchanges daily.
🌐➖ Negative News ➖🌐:
Vitalik Buterin: Worldcoin(WLD) has fundamental problems that will take years to solve.
Worldcoin may face UK data regulators inquiry days after launch.
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Worldcoin Analyze ( WLDUSDT ), 15-minute time frame ⏰.
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