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When the general trend is rising, the flow of funds...Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) The key is whether it can rise and maintain the gap above 83.475B. I believe that a large candle size means that a significant amount of funds are moving or being used for trading. Therefore, I think the size of these candles that have been showing recently should become smaller than before. Until then, the period of profit realization is expected to continue. The time of profit realization and the time of day trading coexist. This is because the final stage of profit realization is day trading. Therefore, the day trading period ends with significant volatility. Large volatility can appear either upward or downward. In whatever form it appears, it will be moved to the vicinity where large volatility begins to appear. After that, it is expected that the mainstream upward trend we have been hoping for will begin. --------------------------------------------- (USDC 1D chart) Although we created HA-Low and HA-High indicators, it is surprising to see a different interpretation method than what we created. The original purpose of creating it was to conduct transactions using Heikin Ashi. If you check the formula, you will see that it is a very simple formula. Therefore, if the price is located near the HA-Low indicator, it means that the current price is located in the low range. Accordingly, if it falls below the HA-Low indicator, there is a high possibility of renewing the previous low point. Conversely, if it rises above the HA-High indicator, there is a high possibility of renewing the previous high point. Therefore, when the general upward trend begins, the HA-High indicator appears as a stepwise rise. I learned that when this type of trend, that is, a stepwise rise or fall, meets other indicators, it enters a trend reversal phase. Therefore, for USDC to turn into an upward trend, it must meet the HA-High indicator. The current HA-High indicator is located around 43.294B, so you can see that it is quite far away. -------------------------------------------------- ----- (BTC.D chart) I believe that BTC dominance must rise to at least 61 for a major uptrend to begin. Therefore, no matter what the coin market looks like, we expect BTC dominance to eventually rise above 61. Accordingly, the coin market is expected to conclude the day trading period with a rapid rise in BTC dominance. A rise in BTC dominance ultimately means that funds in the coin market are concentrated towards BTC. Therefore, caution is required as altcoins are likely to see a large downtrend. -------------------------------------------------- -------- (USDT.D chart) I think USDT dominance reflects the current direction of the coin market well. Therefore, if USDT dominance rises, the coin market as a whole is likely to decline. Conversely, if USDT dominance falls, the coin market as a whole is likely to show an upward trend. One thing to consider here is the role of BTC dominance. No matter how much USDT dominance falls, if BTC dominance does not fall along with it, only BTC will show great volatility and altcoins will show sideways or downward trends. Therefore, in order to see the movement and flow of funds in the coin market, I think you should at least look at the BTC.D chart and USDT.D chart together. When the day trading market closes and enters a period of high volatility, only BTC will see large price movements and altcoins will show sideways or downward trends, as described above. This is the second buying period for altcoins from a mid- to long-term perspective. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
🔥 Stablecoins Predicted Bitcoin DUMP🚨 100% Accurate Signal!In this analysis I want to take a closer look at my previous relative Stablecoin marketcap analysis back in August. To be more precise, I'm measuring the stablecoin marketcap as a percentage of the total marketcap, which constructs this bullish channel pattern. To build it yourself, put this in the TV search bar: (CRYPTOCAP:USDT+CRYPTOCAP:USDC)/CRYPTOCAP:TOTAL In my previous analysis I mentioned that this "indicator" has a 100% correctness-rate at predicting Bitcoin dumps. As of now, it has correctly predicted 4 major BTC tops. It's still unclear to me whether we're going up for a few weeks, or that we go up for months and that this indicator will retest the top resistance. From a long-term investing perspective, I hope that we go up for months and go for a retest. Crypto will be extremely cheap at that point with a high probability for gains in the future. Do you enjoy this indicator? What is your view on the market? Share your thoughts in the comments 🙏
CRYPTOCAP:USDTLong
by FieryTrading
30
A rise above 83.318B with a gap signals a trend reversalHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) What is important in the market cap chart is whether a gap has occurred. In a market that operates 24 hours a day, 365 days a year, the occurrence of a gap means that funds are moving rapidly. In that sense, I think the rise in the gap is the basis for the inflow of new funds. On the contrary, I believe that the gap decline is evidence that funds have flowed out of the coin market. Accordingly, the key is whether the gap can rise above 83.318B. I do not think that the movement of candlesticks has much to do with the inflow and outflow of funds on the basis that trading is actively taking place. ------------------------------------------- (USDC chart) The gap is showing an increase above 26.143B. The key is whether the gap can rise above the HA-Low indicator (26.212B) on the 1D chart and be maintained. What is important is whether this gap increase can serve as an opportunity to change the trend. ------------------------------------------------ (BTC.D chart) BTC dominance is located around 50. It can be interpreted that funds were moved from the altcoin side to BTC. This trend is expected to continue until around 61-68. This trend is expected to take place due to the BTC Halving next year. -------------------------------------------------- ---------- (USDT.D chart) If it shows support around 8.03, it is expected to renew the new high (ATH). The section that begins to be considered a bullish market will be felt as it falls below 6.6. Accordingly, what you should focus on now is BTC or ETH. Since altcoins have fallen a lot now, you might think that if you buy now and wait, you can make big profits. However, the waiting is quite tedious and dangerous. This is because psychological anxiety can increase due to fear of not knowing when the trend will turn to an upward trend. Therefore, below BTC 29K, you need to focus on BTC or ETH and increase the number of coins you hold. Also, it is a good idea to make the first purchase of a coin (token) among altcoins that you think is worth trading in the mid to long term. The reason for making the first purchase is so that you can feel the price changes directly. Secondary buying of altcoins can begin when BTC rises above 32K. However, secondary purchases of altcoins can be made slowly since the range is currently quite large, up to 43K. In order to trade, we need to have a trading strategy in mind. As mentioned above, this trading strategy must be gradually developed into a detailed trading strategy based on a mid- to long-term trading strategy. What is important here is that the mid- to long-term perspective, that is, the big-picture trading strategy, should not change. This is because if you frequently change the big picture trading strategy and are unable to match the detailed strategy accordingly, you may proceed with trading in the wrong direction. Day trading is a good trading method in that respect. However, day trading may be less profitable than mid- to long-term trading, so it is recommended to combine it with mid- to long-term trading. The obvious coins for mid- to long-term transactions are BTC or ETH. So, I am saying that the current position is a time to focus on BTC or ETH. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
The Key Is Whether USDT Can Convert To Gap RiseHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) We need to see if it can rise above 83.333B. If not, 1st: 82.959B 2nd: 81.839B You need to make sure that it is supported in the vicinity of the 1st and 2nd above. (USDC chart) We need to see if it can rise above 26.525B. (BTC.D chart) We need to see if it can fall below 47.64-48.81. (USDT.D chart) Regardless of whether the size of funds changes or where the flow of funds is concentrated, the most important thing is that USDT dominance must decline. Otherwise, the coin market cannot continue its upward trend. If USDT dominance remains above 8.12, it is expected to renew the new high (ATH). Therefore, the key question is whether a decline can be achieved around 7.14-7.39. ------------------------------------------------ (USDT 1D chart) After gapping down around June 17th, BTC surged. It remains to be seen if funds flow into the coin market through USDT after this drop. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
1
USDT is looking to enter a new phaseHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) The OBV, indicated by the 'Vol & Trend' indicator, is about to turn from buying to selling. Therefore, the possibility of volatility in the coin market is increasing. Similar to the present situation, It looks similar to the chart above. Therefore, if USDT starts to decline, it is expected to show a similar flow to the previous chart when it is supported and rises around 82.959B-83.333B. -------------------------------------------------- (USDC chart) If USDC remains below 26.129B or continues to fall, it is expected that a crisis in investment products or stocks related to the stock market will occur. Therefore, caution is required if you are investing in investment products or items that are related to the stock market and coin market. Since the funds leading the coin market are likely to be funds inflow through USDT, the continued decline in USDC is not expected to have a significant impact on the coin market. However, since USDC's continued decline causes the stock market and the coin market to separate, the coin market itself is highly likely to show a different look from the stock market. -------------------------------------------------- ---------- (BTC.D chart) It is expected that BTC dominance should fall below 47.64-48.80 for the altcoin bull market to start. Therefore, when BTC dominance shows a decline until then, quick trading is needed from a short-term and day trading perspective. BTC dominance is expected to rise in the 56.78-61.73 range and form a new trend afterwards. -------------------------------------------------- --------------- (USDT.D chart) USDT dominance is rising above the 6.85-7.27 range. Therefore, the coin market is more likely to show a downward trend. A large trend in the coin market is expected to form when USDT dominance breaks out of the 6.21-8.25 zone. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
2
Experimental observations.Hi all. I keep looking for signs about what is happening on the market. After consulting with @dieseldub I found it interesting to add up 4 stablecoins, and then plotted them by dividing their capitalization by TOTAL crypto market capitalization. Displaying chart logarithmically, I did three things: 1. Build two channels, an inner channel and an outer channel. 2. Measured percentage drop from peak to bottom in the three cases. 3. Included 9 seasons rainbow . 1. So, for most of its history, this chart has been at least in the big channel, and mostly traded in the inner channel, entering the outer channel only on peaks or declines. On June 20, the candle broke through support and trading went into uncharted territory. 2. Ok, let's see, what was the rate of decline in the past times? October 2020 - February 2021 ~ 57.3%. July 2021 - November 2021 53% June 2022 - July 2023 ~51.6% What is the commonality here? The correction is at least 50% and there is a correlation in the decline at each successive one. 3. 9 seasons. "Support / Oversold (Blue): a support area, may become a Bottom, or be broken through" . Let's pay attention to the blue marker and the price behavior in the first 4 cases. However, starting from the end of April 2023 we have a large area formed on several frames of the indicator, which consists of several blue bars. It would seem that this is already quite serious oversold on the one hand, and the bottom of a large channel on the other. And around June 20, a small white cluster "Neutral (White): a wandering season without direction, evolves into Bull or Bear" appears on the 4th bar. In my opinion, the most unlikely thing happens, the price breaks the channel. What happened? Nothing in the chart itself. But it was affected by the magnetic field of a larger celestial body... What is this celestial body? SP500. Which for a month has been forming a reversal pattern with three gaps, completely unseen before. Therefore, the wandering season (white) has turned bearish after the SP500 broke 4400 level. So, conclusions. If the market just wants to rise because it doesn't care about the rate hike announcement and slowdown in China, no arguments and calculations can work, as they didn't work for me a month ago. In case the SP500 started a correction and they announce a rate hike on the 27th, we can also expect this chart you are looking at now to rise. The only thing that remains unclear is which channel bottom the candle will test? Is it the outer or the inner channel? We already have a fresh blue indicator. This chart is inversely related to bitcoin. If it goes up, bitcoin goes down. Good luck.
CRYPTOCAP:USDT
by averkie_skila
5
🔥 Stablecoins Predicting Bitcoin DUMP🚨 100% Accurate Signal!If you enjoy this analysis, please give it a like and a follow. In this analysis We're going to take a look at the stablecoin marketcap, USDT and USDC to be precise. As seen on the chart, the stablecoin marketcap is trading in a well-defined bullish channel. Consequently, every single time that this metric has touched the bottom support, Bitcoin dumped. I'm aware that there's only a couple years of history, but a 3/3 hit-rate is still impressive and deserves your attention. To further strengthen the bearish narrative, BTC's volatility is currently at historical lows and the stock markets are seeing terrible results after the US downgrade from AAA to AA+. Do you think a dump is imminent? Or are we going back up? Share your thoughts below🙏
CRYPTOCAP:USDTShort
by FieryTrading
47
The market value of Ethereum fell from 100 billion to 7.6 billioAccording to data disclosed by Tom Wan, an analyst on 21co, the parent company of 21Shares, the total market value of Ethereum’s stablecoins has dropped from 100 billion to 7.6 billion. The decline is mainly due to USDC and BUSD. The market value of USDC has dropped from 41 billion to 24 billion (-40 %), BUSD dropped from 16 billion to 3 billion (-77%). USDC became the biggest beneficiary, and its dominance increased from 32.3% to 51.5%. The market share of TUSD and DAI increased slightly by 0.5%. The current price of GHO is $0.982, with a decoupling rate of 1.8%. GHO was launched by AAVE on July 15. The underlying reason for the unpegging could be due to the fixed borrowing rate of 1% to 1.5%. This could cause borrowers to use it to dump high-yielding stablecoins, creating significant selling pressure.
CRYPTOCAP:USDT
by babs3mo
Alphapo Attackers Traded Some of Stolen Funds for BitcoinCoin World reported that according to PeckShield monitoring, Alphapo attackers transferred about 6 million USDT, 108,000 USDC, 100 million FTN, 430,000 TFL, 2,500 Ethereum, and about 1,700 DAI to the address starting with 0x040a. After that, some stable coins and altcoins were traded for 5730 Ethereum and traded for Bitcoin through Avalanche Bridge. In addition, about 12 million USDT and 5.2 million TRX Tron assets were transferred to the address starting with TDoNAZ.
CRYPTOCAP:USDT
by babs7mo
Coin market funds are starting to move againHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) Looking at the 1D chart, The gap rose above the HA-High indicator on the 1D chart. I think this movement of USDT tells us that funds are flowing back into the coin market. Therefore, since it has started to move away from this short-term sideways, it is expected that the coin market will experience great volatility in terms of the historical USDT flow. I think the key interpretation method is to use Bollinger bands as a concept of contraction and expansion. --------------------------------------- (USDC chart) Below 26.129B may trigger a red flag for USDC, so careful trading is required. Extreme outflows of funds can be dangerous by disrupting the flow of funds, so caution is required. -------------------------------------------- (BTC.D chart) It seems that the HA-High indicator on the 1W chart will be created at the 49.72 point. Accordingly, it is necessary to check whether it is supported or resisted around 49.72. BTC dominance is expected to rise around 56.78-61.73 and then pick up its direction again. Therefore, I think it is advantageous to do day trading or short-term trading when trading altcoins. If you want to trade altcoins from a mid- to long-term perspective, you need to find and observe the altcoins you want to trade in the BTC 29K-32K range. Then, you should proceed with the second purchase by looking at the flow of altcoins in the BTC 32K-43K section. ------------------------------------------------ (USDT.D chart) It is necessary to check which direction the USDT dominance deviates from the 6.85-7.27 range. Looking at the big picture, it is expected that the trend of the coin market will be formed only when it moves out of the 6.21-8.25 range. Therefore, rather than looking at the chart from a day trading perspective, I think it is better to look at the chart from a mid- to long-term perspective and reorganize your trading strategy in the future. The volatility period for USDT dominance is around July 5th - August 2nd. I think the key is whether there can be a movement out of the 6.21-8.25 section in this volatility period. USDT dominance must fall so that the overall flow of the coin market will show an upward trend. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
Hong Kong is exploring the launch of stablecoin HKDGHong Kong is exploring the launch of stablecoin HKDG to compete with established stablecoins such as USDT and USDC. By backing HKDG with foreign exchange reserves, the government seeks to foster financial innovation and maintain its leadership in the blockchain space. By issuing a Hong Kong dollar-pegged stablecoin (HKDG), the government aims to increase transaction efficiency, reduce costs and improve the existing payment system. The move is expected to strengthen Hong Kong's fintech capabilities and improve the efficiency and inclusiveness of its financial system. However, the government’s current plan to allow private institutions to issue Hong Kong dollar stablecoins may limit its market share and overall impact.
CRYPTOCAP:USDT
by babs83902
1
🔥 Stablecoins Are Predicting A Massive DumpIn this analysis I want to take a look at the stablecoin (USDT/USDC) dominance. To construct this indicator yourself, simply put "(CRYPTOCAP:USDT+CRYPTOCAP:USDC)/CRYPTOCAP:TOTAL" in the symbol search area. As seen on the chart, the stablecoin dominance (the stablecoin value / all crypto value) has been steadily rising over the years. There can be a multitude of reasons for the rise, but more important in this analysis is the fact that the stablecoin dominance seems to follow a clear bullish channel pattern, where it bounces from both the top resistance and the bottom support. The stablecoin dominance is currently closing in rapidly on the bottom support. The last three times that the stablecoin dominance reached this support it always pinpointed a local Bitcoin top and signaled an incoming dump. Will this happen again in the near future? We can't say for certain, but historically we're getting very close to a moment where Bitcoin can dump. There's definitely more room to grow, but risk is on the horizon. Best case for the bulls would be that the dominance would fall through the support and continue to go down.
CRYPTOCAP:USDTShort
by FieryTrading
13
Wu Jiezhuang: Virtual asset rating is of certain importance to tCoin World reported that Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, posted on social media that he learned today that hongkongvac HKVAC, a virtual asset rating agency in Hong Kong, announced the calculation method of the virtual asset index. Among them, 30 currencies were announced, including the virtual asset rating index composed of rippleXRP1, litecoin, filcoin, cardanocf, polygon, etc. I think virtual asset ratings are of certain importance to the development of the industry and can provide third-party platform analysis. It will bring important benefits to promote the development of virtual asset transactions in Hong Kong. Friends in the industry around the world are welcome to give comments on the ratings and indexes, and I will pass them on to relevant institutions.
CRYPTOCAP:USDT
by babs7mo
Possibility of trying new challengeshello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) After June 3rd, it is showing a decline as it creates a gap for the second time. If this decline continues, there is a possibility that the coin market will plunge. (USDC chart) The reason is that USDC's continued decline is believed to limit the current uptrend of the coin market. Therefore, if even USDT shows a downward trend by creating a gap, it is expected that the rate of outflow of funds from the coin market will accelerate and the possibility of a sharp drop will increase. However, USDT is currently in a state where it has renewed its previous high price (ATH), so it is not at risk yet. If USDT falls below the previous high of 82.467B, i.e., below 81.839B-82.467B, a red flag is likely to be generated, so you should think about how to respond. It is possible that these outflows were caused by the uptrend in the stock market. If so, this phenomenon is likely temporary. Since a lot of money is currently flowing into the investment market, I think that if an issue is created in any investment market, great volatility can occur. The size and flow of funds in the investment market alone cannot determine the price fluctuations of individual stocks, coins, or tokens. However, I think it will be a great reference for creating a trading strategy that can respond according to the importance of the current point or section by chart analysis of individual stocks, coins, and tokens. -------------------------------------------------- ---- (BTC.D chart) No matter what anyone says, BTC dominance is expected to remain on the rise. The uptrend is expected to continue around 56.78-61.73. Therefore, it is expected to confirm direction again around 56.78-61.73. I think this phenomenon confirms that the current BTC price is located at the bottom. Therefore, it is considered that the second wave of the rising wave is in progress for the BTC wave from a long-term perspective. (USDT.D chart) If USDT dominance is maintained in the 7.14-8.25 section, it is expected to continue its upward trend. When that happens, it is expected to renew the declared price (ATH). Therefore, for the next period of volatility, the move from around July 5 is expected to be significant. If it falls below the 6.85-7.27 range, it is expected to escape the risk of a sharp decline in the coin market to some extent. A full-fledged uptrend in the coin market is expected to begin with a decline around 4.97-5.53, so it is important to check for a drop below 6.21. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
1
Detect new changes in USDTHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) Looking at the 1D chart, the High indicator on the 1D chart was created with an increase, increasing the possibility of forming a new trend. Accordingly, the key is whether USDT is maintained above the HA-High indicator on the 1D chart. If this is not the case and falls below the HA-High indicator on the 1D chart and shows resistance, USDT is expected to fall to around 81.839B-82.467B. (1D chart) The Stochastic and RSI indicators, which are included in the 'Strength' sub-indicator, are showing signs of a decline (Stoch > RSI). Therefore, it can be seen that the possibility of USDT declining is increasing. Looking at the previous data, it can be seen that USDT recorded a sharp drop once it exited the overbought zone and fell. -------------------------------------------------- - (USDC chart) (1D chart) The section 26.129B-27.456B is an important branching section. Therefore, the key is whether you can touch the area around this section and make an upward transition. If not, I think there is a high possibility of giving a serious blow to the investment products in the coin market. However, since it is believed that the funds that move the coin market are being made through USDT, the coin market is expected to defend the price if there is no outflow of funds through USDT. Since the outflow of funds through USDC is highly likely to accelerate the decoupling of the coin market and the stock market, caution is needed when using stock market indicators. -------------------------------------------------- -------- (BTC.D chart) Looking at the 1M chart, a new uptrend line has been created. Therefore, it is necessary to check whether it can be maintained below the newly created uptrend line. If not, I expect it to continue moving towards the 56.78-61.73 area. The rise in BTC dominance will cause a phenomenon in which funds are concentrated towards BTC as BTC is leading the coin market. As a result, BTC price fluctuations will have a great impact on the coin market. However, if BTC dominance rises, we cannot tell if the BTC price will rise or fall. It just tells you whether the flow of money is going towards BTC or towards altcoins. -------------------------------------------------- --------------------- (USDT.D chart) The overall trend of the coin market can be seen by the movement of USDT dominance. When USDT dominance rises, the coin market is likely to show a downward trend. Conversely, when USDT dominance declines, the coin market is likely to show an upward trend. Therefore, I do not think it is correct to try to confirm the trend of the coin market, that is, BTC or other coins (tokens), with USDT dominance. USDT dominance is also related to the flow of funds. Therefore, it is better to recognize it as a flow of funds in the coin market. If USDT dominance breaks out of the 6.21-8.25 zone, it is expected to break out of the sideways that BTC is currently showing. So, if USDT rises above 8.25, there is a high chance that BTC will plunge. Therefore, it is necessary to check whether the USDT dominance can be maintained by falling to or below the 6.85-7.27 range. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
2
BTC mining in South America for Tether adds to the longAre you ready to take your mining game to the next level? Look no further than Tether's latest venture in Uruguay. With its stablecoin technology and top-notch infrastructure, Tether is poised to revolutionize the mining industry. Join us as we explore this exciting opportunity and discover how you can reap the rewards of this cutting-edge technology. Also , Tether's recent $1B USDT mint on Ethereum is for chain swaps! This clarification comes straight from the Tether CTO, so you can rest easy knowing this is a positive development for the crypto community. For more information, check out the official statement from Tether. Happy trading!
CRYPTOCAP:USDTLong
by bryandowningqln
The cross-chain bridge SyncSwap Move is officially launched and On June 5th, zkSync-based DEX SyncSwap tweeted that the cross-chain bridge SyncSwap Move has been officially launched. SyncSwap Move is supported by the official zkSync bridge and ZK tech, allowing transfers between Ethereum and zkSync Era. USDT and WBTC are the first native tokens supported by Move, and users can trade on SyncSwap. Move allows users to check withdrawals and claims without any additional fees. The Gas cost of the official zkSync bridge is the same. The bridge token is 100% zkSync native assets and there is no third-party risk. Move is the front end of the official zkSync Era bridge, powered by ZK tech, with the same security as the official bridge. When users approve or transfer funds with Move, they interact directly with the official zkSync smart contract.
CRYPTOCAP:USDT
by babs7mo
Changes to the stablecoins USDT and USDCUSDC market share has fallen from 34.88% to 23.05% Over the past 1 year, USDC market share has fallen from 34.88% to 23.05%, with market cap dropping from a peak of $55 billion to $29 billion. BUSD's market share has plummeted from 11.68% to 4.18%, while Dai has kept its participation rate at 3.66%, down from 4.05% in May 2022. USDT, on the other hand, moved in the opposite direction, with stablecoin market dominance rising to 65.89% from 47.04% a year ago. Its market cap soared to $83.1 billion, the In a recent interview with Bloomberg, Circle CEO Jeremy Allaire blamed the decline in stablecoin market cap on the crackdown on cryptocurrencies by US regulators. The current environment in the US seems to be working in Tether's favour.
CRYPTOCAP:USDT
by MieMie87