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IS DexCheck token (DCK) set to go up in Q4 2023? Fundamentals says Yes!

The last quarter of the year is usually a dramatic one for the crypto space. One to look up to. I’ve been going through the assets in my portfolio and also looking into other assets and applying analytics to estimate their different potential going into the last weeks of the year. I’m personally not so much into TA analysis, fundamentals have consistently proven to be the most trustworthy metrics, especially for prolonged periods, say 4 weeks or more.

The whole year is setting up the tone for a green 2024, the whole market has been in consolidation for the majority of the year, and with so much silently bullish news coming up in the past few months, even the last months of the year looks promising.

My biggest bet for Q4 is the DexCheck token. Surprisingly, I got into DexCheck just last week, and have been doing deeper research on the whole project. I will be surely writing more about it in the coming weeks as I learn more. Apart from the technology, which is pretty solid, I’m looking at the potential of DCK, the project’s native token.

DexCheck token is at the heart of the DexCheck project and is positioned to grow even faster than the project itself. DexCheck token currently trades at $0.022 per token, the whole project is valued at just $3 million. For such utility, these figures might not last for so long.

Looking at the fundaments, these are some of the reasons why DexCheck token is set for an uptrend in Q4 2023 and Q1 2024;

Long-term Consolidation

DCK has been trading between $0.04 and $0.02 for the past three months. During this period, the daily trading volume has stayed above $150,000 on average. The strong market interest and balanced price fluctuation are strong indicators of long-term accumulation. Despite the project making significant breakthroughs during this period, the price has remained stable around this range. An interesting part is the accumulation pattern that has followed the short-term pump in the early weeks of October 2023. The charts look to be headed for another uptrend. Due to the long accumulation period, this could last longer than the last two peaks. This translates to up to 100% gain in the next three months.

DCK has shown built a strong support around $0.02 which is just a little above the recorded ATL, it is very unlikely that it will drop below this level. How the rest of the market moves might affect this, but if Bitcoin remains stable and doesn’t go below $27,000 during this time, DCK could be on its route to price recovery in the last quarter of the year or early in the first quarter of 2024. A price of $0.05 puts the whole project at an FDV of just $5 million and a total market capitalization a little below that. For a decentralized application that actually works, there is still so much room to grow at $5 million.

New Updates coming to the platform

DexCheck announced a new staking pool for the DexCheck token with up to 36% APY. DCK token Holders can earn some good rewards by locking up their tokens in the pool. But this is actually the least update from the project. DexCheck has announced a handful of exciting updates.

I’m personally excited about the Initial Private Sale Offering (IPSO) feature. IPSO is a launchpad for new crypto projects powered by DexCheck. IPSO allows investors to buy into new projects before they start trading openly. This is reserved for DCK token stakers and is another way the project attempts to boost the utility of its native token. DCK holders can now invest in promising projects before anyone else and enjoy the full privileges.

The Beta version of the Smartfolio feature has also been launched and the roadmap hints at even more exciting releases in the last quarter of the year. On the technological grounds, this is good news for the project and the investors. how this affects the DCK token price depends on how the rest of the community reacts to the update, but price growth is likely if the new features work as promised.

The AI and Trading bot narrative

AI-powered trading utilities made the headlines in the mid-quarters of the year. Some notable ones include Unibot, PAAL AI, and for a shorter term, DexCheck. DexCheck token, unfortunately, gained pace when the wave already started settling down. But this is normal in the crypto space, every trend gains an initial wave, settles down, and returns with an even bigger wave. We have witnessed the first wave of AI and messaging-app trading bots. But while the wave appears to be settling down in terms of the price of these projects’ tokens, the technology is actually growing and even more people are embracing the technology.

DexCheck’s Telegram bot has grown to over 2,500 active users in the past three months. This growth is continuous. Other Telegram bots have seen significant growth as well, but DexCheck seems to be catching up faster, relatively. With this growth pattern across AI and trading bot projects, both could experience another wave. DexCheck fits into both narratives, coupled with the current low capitalization, this is one to watch going into the last months of the year. The number of DCK token holders has also grown to over 4,800 at the time of writing, showing strong signs of adoption.

Exciting partnerships

Between October, 10 and October 20, 2023, DexCheck has announced a handful of very interesting partnerships on marketing and technological grounds and doesn’t show signs of stopping any time soon! First, the marketing partnership with Kucoin Exchange is set to run for a couple of weeks. We will see the DexCheck token and project being marketed to traders on the exchange during this period of time, this could grow traders’ and users’ interest and an overall growth in the token value is not out of the line.

Apart from marketing partnerships, DexCheck has partnered with USDD to bring the stablecoin to the platform, as part of this partnership, USDD will also integrate the DexCheck trading bot into their platform. With the two projects pursuing mutual growth, we could see some benefits from this partnership. The partnership between DexCheck and Syncswap will also enable DexCheck to make an entry into the ZkSync Era network. This follows the expansion into the Binance Smart Chain.
DexCheck has also announced a partnership with InterSwap to bring more AMMs into the platform. DexCheck is growing its community by expanding into new communities. This is yielding returns in terms of adoption, it is only a matter of time before the DCK token catches up to these developments too.

Bitcoin ETF

A fake Bitcoin ETF approval news caused a rapid price jerk throughout the crypto market earlier this week. Even though this didn’t turn out how every crypto investor wanted it, the price movement is a micro show of what could happen when the first Bitcoin ETF gets approved. How the news unrolled is yet to be fully diagnosed, but from developments around the ETF fillings, the first Bitcoin ETF could be around the corner, the last quarter of the year could be the time. This is a wild guess, but has some backing to it, judging from how things have unfolded in the financial space.

Bitcoin ETF as a factor here is from the widely known “bitcoin pumps and others follow” pattern. If Bitcoin finally moves big, the DexCheck token will be one of the best-positioned assets to move even harder. The Bitcoin effect is hardly avoidable, the whole space appears to be tied to its movement and the DexCheck token isn’t different. If Bitcoin moves, DCK is the token to watch closely.

Final Thoughts

There is a lot on the line for the DexCheck project, and its utility token is certainly not being left out. To get the best out of the platform, the DexCheck token is a must-have, the tokenomics is in the best interest of the investors. The market usually moves toward the real builders and the team has been working hard behind and on the scene.

However, Predicting price developments for crypto assets is tough. Fundamentals are the best bet, but this could also go south. DexCheck is being run by a dedicated team, which is one of the most important clues for investors. While the team strives to grow the project, the market could also react differently or less than expected to some new developments. That being said, always do your own research before investing.

Here are some resources to assist you;

My previous post on DexCheck

See latest updates on X

Available utilities on the DexCheck Platform

Join the Telegram community

20/10/2023
I’m buying into DexCheck (DCK); Here’s why you should consider doing the same.

Alright, I get it; investing in a promising low-cap crypto project is a no-brainer and everyone knows this. So I guess you are wondering why I am making a fuss about this. But DexCheck is actually a bit special to me. The feeling is the same as when I bought Fantom (FTM) at $0.003 in 2019. I’ll save the long story for whenever.

I stumbled on DexCheck while researching cool low-cap crypto projects to invest in since the whole market looks like a black Friday discount right now. The potential for the $DCK token to moon in the near future is there, but the technology, the community, and the team (of course!) are what impressed me most. I’ll put an early disclaimer, this is simply a review by an impressed user and not financial advice. Having said that, I’ll reiterate the positive impression the application has left on me.

If you wonder what DexCheck is;

DexCheck is an investor’s best friend. It is a suite of investment utilities powered by Artificial Intelligence (AI) and blockchain technology. DexCheck utilities range from deep asset analysis to expert investment suggestions backed by strong data. With an integrated decentralized exchange powered by Kyberswap, DexCheck lets you implement your analysis by making a sale or purchase. It offers a full suite of trading utilities and tops it off with a Revenue sharing program that offers passive income opportunities to top users and community members.

Sometimes I’m not so good with words and I admit that this description is a bit shallow. I will take these features one after.
First, from my experience so far, DexCheck truly works!

I subscribed for a DexCheck Oracle account that allows me to enjoy all of the available privileges. To subscribe for a DexCheck Oracle account, you only need to stake 100,000 DCK tokens (luckily this costs less than $2500 at current token price!) and enjoy staking rewards as well!

Free-to-use DexCheck utilities include Token Analytics, Whale tracker (For NFTs and Fungible tokens) and the Token unlock features.

For traders who take the vesting schedule of assets into consideration before investing, the Token Unlock feature details the vesting scheme for every token. You can now see when the next big supply is getting released with a single click.
The DexCheck Whale Tracker.

I’m particular about the DexCheck Whale Tracker! The Whale Tracker screens through decentralized exchanges to detect huge transactions and the wallet behind these transactions. It offers a one-click access to a full analysis of the wallet. Considering the prevalence of whales in the crypto space, this is a must-have. I snipped up a couple of giant PancakeSwap and Uniswap Whales with realized PNLs of over $150,000 and set up an alert on their trades. This takes the bulk of my Whale watching duties!

Trading Features for Pros!

The upgraded version of the Whale Tracker feature is available for pro traders. The Top Traders feature screens through Dexes and NFT trading platforms to detect wallet addresses with the highest ROI on trades. Using the top traders feature lets you see what the best traders are trading and how much they commit to their trades. This is available for NFTs and Fungible tokens as well.
Alright, I’ll get to my favorites, the Telegram bot and DexCheck’s trademark insightGPT.

InsightGPT: In-depth Trading Analytics powered by Artificial Intelligence!

In case the whale trackers and the Top trader’s features don’t cut your workload enough, insightGPT is what you’ve been looking for! InsightGPT is a next-level automated trading analytics application. According to DexCheck, InsightGPT leverages Artificial Intelligence to analyze vast data in real-time, enabling it to provide actionable insights. InsightGPT offers smart money alerts and details on winning traders.

InsightGPT is your loyal transaction and big operation sniper! The dashboard is an all-around optimized interface that allows you to get regular delivery of interesting moves for specific tokens and take prompt action, you can quickly follow the featured wallet to get an alert when the trader moves again.

For most, InsightGPT is an advanced version of the wallet tracker and the top trader feature, but it is actually a way to augment the two. It combines the core functionalities of the two applications but the best trading will be made by the trader that is able to fuse the three utilities together.

DexCheck Telegram Bot: Advanced crypto trading Telegram bot

It gets even better with the DexCheck Telegram bot. I admit that sometimes, it could be tedious to swing between different decentralized exchange platforms just to make your trades. This is a time-tasking process as well. The Dexcheck Telegram bot is a fix for this. It offers investors a way to execute normal and advanced trading activities from the comfort of their Telegram Messenger.

The integration process for the Telegram bot is easy and requires no technical experience. Once installed, you can trade on decentralized exchanges, Track cryptocurrency wallets, and perform advanced trading operations like Sniping trades. I’m a bit excited about the potential of this particular feature.

The Snipe trading bot screens exchanges to detect profitable opportunities and trade accordingly. For instance, the snipe trading bot notices newly added liquidity pools and moves to make a purchase before anyone else does. This allows you to purchase tokens at the lowest price and trade them in for a profit when full trading starts. The Snipe trading bot is equipped with advanced trading and analytics algorithms that enable it to run trades better than the regular trader. One thing I left out, the Snipe bot is automated, you can simply set it up with funds and it runs on its own.

You could mention a handful of similar projects, but DexCheck stands out for a couple of reasons. I’ll list them;

A Truly working application

I took the time to go through the features on DexCheck. It is easy to draw up a prototype but harder to develop an application that works as stated on paper. DexCheck runs as stated and the positive first impression was sustained throughout the times I used the application. From the smart contract token analytics to the trader and wallet analytics to the advanced Telegram Bot and the AI-powered InsightGPT. Each application leaves you coming back for more. Even without subscribing to the pro-trader feature, DexCheck offers the utility that most normal traders lack and crave.

An intuitive interface

DexCheck might sound very technical and it actually is. But these complexities are packaged into an intuitive user interface. Regardless of your technical abilities and your knowledge of the crypto space, DexCheck is very easy to use. Each feature is distinct and easily accessible. In case of confusion, the DCK team has also shown dedication to guiding users through using the application.

Have a question? You can join the Telegram community and the MODs will be happy to help!

Investor-friendly tokenomics

The DCK token is at the heart of the DexCheck applications. The DCK token powers the DexCheck application’s economy and supports its ecosystem to promote application usage and incentivize user involvement. DCK is a BEP-20 token on the Binance Smart Chain. The DexCheck team has developed a scheme to grow the DCK token and also fast-track the project’s growth through its token.

Via a symbiotic growth scheme, the DexCheck application and its token are designed to grow in utility and value. DCK is used in the project’s governance through the DexCheck DAO. DCK holders vote on new features and changes to the project’s operations. DCK token is also used for purchases, subscriptions, and user reward schemes through the Revenue sharing program.

Check out active trading pairs for the DCK token.

A Promising Team

This should actually come first but I had to save the best for the last. The success of any project depends 60% on the team behind it. Looking at the DexCheck team, the advisory team, and the partners, we could see this project climb to higher highs in the near future. Partner projects are prestigious and DexCheck is integrating across notable blockchain networks and communities including Polygon and Fantom. The DexCheck advisory team is made up of top officials from Polygon, ChainGPT, Kucoin, and Maven Capital.

What’s Next?

I took a look at the DexCheck roadmap and it looks packed for the future, the last quarter of the year will surely see many exciting releases the AI-DexFolio and the AI-arbitrage scanner are some of the new features I am looking forward to. It is interesting to see how the project employs Artificial Intelligence in these two new features.

I’ve personally picked interest in arbitrage trading multiple times, but it is clear that arbitrage trading will be a very tough thing to do without some sort of automation, the AI-arbitrage scanner might just be the tool that finally unlocks arbitrage trading.

Closing up

The thing is, I attempted to go through every utility that DexCheck offers, but this whole article is in fact, a scratch on the surface. I’ll eventually follow this up with even more articles and possibly some user guides and personal tips. Not sure how soon this will be anyway. However, the project is evidence of the evolving trading culture and the role of advanced technology in improving trader’s decisions. As a cryptocurrency investor, you are already wondering how these features will boost the price of the DCK token, I do too. And while I already bought some DCK tokens, I’m focused on discovering the best ways to put the basket of utilities on the platform to use. The general design makes it easy to do this.

Loving DexCheck already?

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16/10/2023
Snack Talk: The Gobsmack!

Hey guys! Yeah…’guys’ does really sound chauvinistic but I’m sure everyone understands. Anyways, shitposting isn’t really my thing and this ‘Snack talk’ thing is a literal shitpost. Like two beer lovers discussing their favorite brand, a better example is two memecoin investors discussing the ‘utility’ of their cat-themed memecoins. Cat-themed memecoins don’t really do so well, relative to the doggy ones, but I get it…we all do.

Alright, I named this one ‘The Gobsmacked’ and I must say I’m gobsmacked by a lot of things. First, uptober doesn’t seem to be turning out great and the charts are looking like it’s Halloween already. Someone played MJ’s thriller on the bus today. Noisy, but that’s exactly what the whole market sounds like. I could go on with the second but if the charts continue this way then Christmas might be in jeopardy. But it doesn’t matter, we are here for the technology anyway. I said ‘we’ like we are not all waiting for the next earndrop so we can ‘cash out’.

Speaking about earndrops, I did claim a few $TIA from the Celestia airdrop. You can check your eligibility here too. Celestia is working on a couple of things that could become useful for the whole space. A bit excited to hold a (little) stake. Anyway, that’s it with the brief commercial.

JP Morgan just launched a tokenized collateral network, that should come second on my list but, then, these guys have been all around crypto and always trying to come in in their own way. Not sure this is the best way to make a dive into the space, but maybe I’m overreacting to an asset-creation platform.

By the way, if you’ve been following the court hearing for SBF and the FTX guys, you should be astonished…’ gobsmack’ is the word of the day. I forgot. Couple of impressive incomes in those lists from Caroline. Not sure which is more lucrative, Sports, Music, or running a crypto-trading platform. If every exchange operator earns that much, then the latter wins, hand-off. If you haven’t been paying attention, this is the second one on my list.

The third one? This snack of course! I wouldn’t be here after 70 days to write another snack-time talk story if I didn’t find a befitting snack. No need to dwell on that, I came across the whitepaper for BitVM. The Bitcoin blockchain could run smart contracts in the near future. Safe to say that even Bitcoin now copies Ethereum. No jokes on the team working on this impressive development, just saying that Bitcoin has spent a majority of its lifetime being compared to Gold. If it finally turns into another virtual machine, then it will spend another decade being compared to Solana, Taraxa, and Polygon, I left out Fantom…another cool EVM network! But technology is about finding out, sorry, that’s science. Never mind, I own up to that statement.

Deploying memecoins on the Bitcoin network would have been historic, but BRC-20 tokens already did that and suddenly no one talks about them. Not sure why they faded so quickly. Big guess, The Bitcoin blockchain was built to support P2P BITCOIN transfers and not inscriptions. Ethereum and all of its offspring were built for this. And if you think Bitcoin running smart contracts will kill off other smart contract blockchains, just remember the same was said about BRC-20. Too early to call it, but this is where we are headed.

I would have loved to put a word out for everyone getting a 10% refund on their failed NFT investments but I never got a refund from the handful of rug-pulls myself and other memecoin investors had to go through. So, if Logan Paul finally sends your 10% Cryptozoo investment back to you, then you should consider buying a good snack and some Sprite. Project literally sound like a straight scam, but that’s how most rugpulls sound. Cool name projects pull the rug equally, don’t judge a book by its cover, this doesn’t apply to your Algebra textbooks though.

Time to drop the keyboard, just took the last bite and it is not certain when the next snack talk stuff will drop. Judging from the current trend, Q1 2024 is very likely. Maybe Bitcoin will be back above $30K then. If the ETFs finally land, then sure, we can be positive. Yeah, that’s it …guys.

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13/10/2023
Satoshi Nakamoto: Who is he?

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In the world of cryptocurrencies, one name stands out as both an enigma and a legend: Satoshi Nakamoto. The pseudonymous creator of Bitcoin, Nakamoto’s true identity remains one of the most captivating mysteries of the digital age. In this article, we’ll delve into the story of Satoshi Nakamoto, exploring the origins of Bitcoin and the enduring intrigue surrounding this elusive figure.

# The Birth of Bitcoin:

In October 2008, a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” appeared on a cryptography mailing list. This whitepaper, authored by Satoshi Nakamoto, outlined a revolutionary concept—a decentralized digital currency that would operate on a peer-to-peer network, free from the control of any central authority. Nakamoto’s vision was to create a system that allowed individuals to send and receive digital payments without relying on intermediaries like banks or payment processors.

Nakamoto’s invention addressed the double-spending problem that had plagued previous attempts at digital currency. Through a clever use of blockchain technology—a decentralized ledger that records all Bitcoin transactions—Nakamoto ensured that each unit of cryptocurrency could not be duplicated or spent more than once. This innovation paved the way for the creation of a digital currency that was truly scarce and secure.

*The Mystery Deepens:*

Shortly after publishing the whitepaper, Nakamoto released the Bitcoin software, and the first-ever block, known as the “genesis block,” was mined in January 2009. From that point, Nakamoto remained actively involved in the development of the Bitcoin software and community, communicating with early adopters through forums and email. However, Nakamoto was always careful to guard their true identity, communicating only through an online persona.

Despite Nakamoto’s frequent online presence, efforts to unveil their identity were fruitless. The name “Satoshi Nakamoto” was believed to be a pseudonym, and the creator’s true identity remained a closely guarded secret. Some speculated that Nakamoto was an individual, while others believed it could be a group of people working together. The mystery only deepened as Nakamoto’s involvement in the Bitcoin project gradually waned.

*Legacy of Satoshi Nakamoto:*

Regardless of Nakamoto’s identity, their creation has had an indelible impact on the world. Bitcoin, often referred to as “digital gold,” has become a global phenomenon, attracting both enthusiasts and critics. Its decentralized nature and limited supply have made it a store of value and a hedge against inflation, while its underlying blockchain technology has inspired countless innovations beyond cryptocurrency.

Satoshi Nakamoto’s decision to remain anonymous also had a profound effect. It allowed Bitcoin to develop organically, without a central figure to exert control or influence. This decentralized nature aligns with the core principles of cryptocurrency, emphasizing trust in code and the network rather than in individuals or institutions.

*The Quest to Unmask Satoshi:*

Over the years, many individuals and journalists have embarked on quests to uncover Nakamoto’s true identity. Some have claimed to have found the real Satoshi, but these claims have often been met with skepticism and debunked. In one instance, Newsweek published an article in 2014, identifying a man named Dorian Nakamoto as the creator of Bitcoin. However, Dorian Nakamoto denied any involvement, and the story raised more questions than answers.

As of my knowledge cutoff date in September 2021, Satoshi Nakamoto’s identity remains a mystery. Despite the tireless efforts of researchers and journalists, the true identity of the Bitcoin creator has eluded discovery.

*Conclusion:*

Satoshi Nakamoto’s creation of Bitcoin represents a watershed moment in the history of finance and technology. Whether an individual or a group, Nakamoto’s brilliant vision has reshaped the way we think about money, trust, and the power of decentralized networks. The mystery surrounding Nakamoto’s identity only adds to the intrigue and mystique of Bitcoin, ensuring that the enigmatic creator will forever be a central figure in the world of cryptocurrencies. While the identity of Satoshi Nakamoto remains concealed, the legacy of their invention continues to evolve and inspire innovation in the digital age.

25/09/2023
Snack Talk: The jump-off

Alright, I just got a sack full of snacks, it’s been a long day! The neighbour, just a block away is blasting some hip-hop music. Since this is crypto-related content, you’d guess the artist would be Soulja Boy or Lil Yachty; but coincidences aren’t as usual as we’ve made them be. Talking about those guys, we might see them return to the crypto space when the next memecoin season dawns on us. Soulja Boy led the marketing for the LimeWire token. Unfortunately, it couldn’t do a quick and temporary 10X before it crashed into obscurity. That $30 million ICO fundraiser will be enough to pay off Soulja and Bahd Barbie; since the latter is aboard the ‘content creation’ project as well. Well, time to move on, condolences to the ICO participants turned into bagholders.

Back to my neighbour’s music, it’s a 2009 Kanye, Jay Z, and Rihanna classic. A rich song…literally. But the inspiration for this article didn’t even come from there. Actually, there was no inspiration for this article. I just needed to slow down the half-life of this snack by talking crypto and web3 along the line. This is the first ever ‘snack talk’ (from me), new editions will be made anytime I stumble on a good snack. Good snacks aren’t so common in this area of the world, so, be rest assured that the next edition of this terrible series (might) take time.

Going ahead, UNIBOT is doing some face-melting on the charts, but that isn’t the main thing you should be worried about. There is a new Bitcoin in town, not the Satoshi one, the Obama one. Funny enough, Mr.44 wasn’t even a fan of crypto. He might have taken a few Bitcoin from that silk road seize, but that’s not enough to put his name in a top 300 crypto asset. Mr.45 was a more crypto person than his predecessor. He even runs a whole NFT project. Really significant, for the fact that he did bash Bitcoin. If Americans vote for another Democrat that isn’t Joe, then we might see a real Bitcoin fanboy in the Whitehouse. Heard he got two bitcoins each for his 7 kids. I’d give the best gifts to my kids too. W dad!

Hollywood is jumping between worlds. From the black-and-white world with Oppenheimer and then to the Pink world with Barbie. I’ll most likely pick a Chris Nolan movie, but this isn’t a recommendation. And this isn’t even any of our business, well, until Oppenheimer Memecoins start trooping in. Before then, we can only enjoy the current calm.

But it’s never calm in the crypto space. Just in case you live under a rock, FTX exchange is trying to make a comeback. If you dipped some cash into the troubled coin, you may have seen some pumps a few weeks ago. I’m sure you weren’t expecting that as the main gist from a guy with a sack of snacks. The news is, Sam is getting sued. I whispered those words, don’t shout! We can all pretend to be surprised when we hear that from a friend at work. Talking about friends at work, you should be planning a memecoin launch with your friends, you could just create the next Pepe.

Not sure if you are expecting another full paragraph, it’s just a snack-time talk. I just took the last bite. Last bites are like breakups. They leave a taste until your next meal. If you bought UNIBOT about a month ago, your next meal should be a steak, else, just have a burger and pray for a green candle. Been a good time, this is the Jump-off; title of the next edition will be inspired by the name of the snack. You don’t want to miss it, so just follow, even if it’s just for the sake of following. Yeah, that’s it for now…this Soda tastes bad…

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28/07/2023
NFT arbitrage: How will it work?

NFTs are one of the seven wonders of crypto, the list will surely change and get even longer in the future, but NFTs have had a hell of a time in the space. From a high-tech concept with huge potential to a meme-like multimedia idea and again to an entity of high financial significance. NFTs reportedly moved over $24 billion in cumulative volume in 2021. This figure has since due to the raging bear market and a lowering interest in NFTs, but NFTs are still very significant.

A handful of arbitrage protocols have seen huge success in trading cryptocurrencies across centralized and decentralized exchanges. However, these projects are only focused on fungible tokens which make up a majority of cryptocurrency investors’ portfolios. But NFTs are fast becoming popular and coveted assets.

Proposed theories for an NFT arbitrage system will certainly involve the synergy of protocols that surf through NFT marketplaces to garner data on the trading conditions of recognized NFTs from different collections and compare these data to evaluate the difference in floor prices collections and selling prices on individual NFTs across selected market places and trade accordingly to take full advantage of the deviations to return maximum profits for each successful trade.

Noted challenges to the NFT arbitrage scheme are the illiquidity of NFTs and loss of profits to MEV (Miner Extractable Value). NFTs are illiquid in the sense that they are first listed and stay waiting for an eventual buyer, NFTs could spend hours to days on the marketplace before a buyer comes around.

MEV is an issue that plagues cryptocurrency as a whole. Additional charges on every transaction build up into tangible expenses, enough to get rid of every profit made in trades, especially for routine traders on decentralized exchanges. Thanks to MEV, an NFT arbitrage system could see a good percentage of its profits eaten away by extra charges or even fall back into losses even after successfully arbitraging an NFT.

NFT arbitrage protocols could tackle this using a pool. By creating a pool for NFTs. This pool will present an instant demand for the NFT and ensures that they can be sold immediately. Only NFTs demanded in the pool will be considered for arbitrage opportunities.

The arbitrage system will basically compare prevailing prices for NFTs in its pool and the price of the same NFTs on other marketplaces. The arbitrage system will proceed to purchase NFTs where they trade for cheaper prices and trade it on the on-demand pool, making a profit. This is recurring and continues until the trades are no more profitable.

Note that there are currently no known NFT arbitrage projects and this content is only a theory of how a system like this could work. Taking into consideration, the basics of NFTs and available technologies, this might be a ground-breaker for NFT investors.

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05/07/2023
BRC-20 tokens: Memecoins on the Bitcoin Blockchain.

Bitcoin maximalists used to hold on to Bitcoin as a store of value and a major contender to gold. The Ethereum community claims the top spot is well deserved for their virtual internet and computer. No pun, both are great projects, and any joke made henceforth is just for fun…I needed to put that straight.

The idea that Ethereum invented a shitcoin production factory isn’t far from the truth. The Bitcoin guys would blame smart contract tokens and institutions that promote them for spoiling the crypto space. With each memecoin season that passes, this becomes even more obvious. I’d appreciate stricter regulation in that space, but Mr. Gary Gensler has other plans. Side news, FTX is making a comeback, and the crypto space seem to have gotten over that multi-billion-dollar tragedy. Well, everyone probably made their money back by buying PEPE and BOB tokens.

Now, whatever agenda the Bitcoin community is pushing against Ethereum and the whole EVM clone space might have to stop very soon. Not even an opinion but a reality. Bitcoin influencers are on about Ordinals, and all of a sudden, NFTs are cool again. Not funny, just surprising. Even the legendary Peter Schiff is minting ordinal NFTs; it’s surprising how these tables turn. The thoughts of making some easy dollars will certainly turn anyone’s head anyway.

The BRC-20 token market is growing in headcount and dollar value. Ordi is the first; now, there are many more. For an idea that isn’t up to six months old, the space has grown into something huge. How much can you count? Even Pepe has opened up a branch in one of the oldest blockchain networks in modern times. Time isn’t an excuse in this space anymore, so it is time to query the BRC-20 space already, just like Bitcoiners query the smart contract tokens.

A quick one, apart from pumps and dumps and wash trades, what are the utilities available for BRC-20 tokens? Ok, again, apart from clogging the Bitcoin network, what other utilities? Really some bold claim, but BRC-20 have a huge shoe to fill already; the big problem is, they are working on a system that wasn’t meant for any of these.

Satoshi envisioned a tool to facilitate routine transactions between people anywhere in the world and also create a system that works for and with the people. None of these were in the plan. Inscribing on Satoshis is a stretch. The space doesn’t need another memecoin factory. There are tons already, and another ‘blockchain developer’ is in an enclosure developing another clone of the Ethereum blockchain that uses POS consensus while the airdrop hunters are waiting to hump on it, just in case there is some free governance token to be shared, like lollipops. Pun intended.

A number of brilliant smart contract projects have launched on these smart contract blockchains, and some EVM-compatible blockchain has shown great professionalism as well. Tokens on these networks have the chance to thrive since these networks were built from the onset with these extra tokens in mind. Bitcoin’s seven transactions per second speed wasn’t intended to power hundreds of extra tokens and high-quality art uploaded to the network.

How this goes in the future will be interesting to watch, but then, at the time of writing, BRC-20 tokens are showing the power of hypes and community action on price development. Exactly the same thing Shiba Inu, Pepe, and BabyDoge already proved to us… nothing new.

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03/07/2023
What is cyclic arbitrage?

Arbitraging is as easy as buying from one end and selling for an assured profit on the other end because the sale point is positively ahead of the purchase point in terms of price development, or lagging as the case may be. Arbitraging is partially the reason why asset prices stay relatively the same across different markets and pairs. Manual arbitragers, arbitrage sniffing bots, and algorithms are lurking on centralized and decentralized exchanges to quickly take advantage of temporal shifts in asset values. Cyclic arbitrage is a common practice in arbitrage trading.

A number of decentralized and centralized arbitrage projects and even projects not directly related to arbitrage trading utilizes the mechanics of cyclic arbitrage to balance their trading system. Cyclic arbitrage could be a really handy theory for cryptocurrency and mainstream trading platforms, even ones that hope to develop an extra income opportunity for themselves.
Here’s the basic theory of cyclic arbitrage: The arbitrage trading algorithm sniffs three different exchanges or more with a special focus on a single asset. It collates the current trading price on these exchanges and compares them with respect to their pairs. Using information garnered this way, it simultaneously trades the asset in such a way that it yields a net profit, trades might end up with a different asset, but this asset must have an instantly redeemable value that is above the starting capital.

Protocols that use (or attempt to use) this theory, develop a trading bot that automates it trading in accordance with this theory. Depending on the design of the algorithm, this process is repeated as many times as possible, wither in the same direction as long as the trade remains profitable in a different and more yielding direction.

Here’s a scenario. Say the arbitrage bot detects a difference between the trading price of MATIC on Binance and Huobi with the price on Binance lower than that on Huobi. The bot detects a third exchange (say Kucoin) on which a MATIC pair (like MATIC/FTM) trades below the market value. This bot makes a MATIC purchase on Binance and exchanges the Matic purchased on Binance for FTM on Kucoin. To complete the cycle, it sells this FTM on Huobi for MATIC and realizes more profits in MATIC.

Cyclic arbitrage accumulates the profits from arbitrage trading as opposed to regular one-directional arbitrage trading. Further applications of the cyclic arbitrage trading algorithm will reveal more details about how it works.

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30/06/2023
Are cryptocurrency ETFs enough to start a Bullrun?

Well, I’m yet to put up a poll, but it’s almost certain that a majority of ‘cryptocurrency enthusiasts’ are yet to understand what cryptocurrency ETFs are. Not sure most care anyways. As long as it keeps the market green, we’re fine…I’m fine too. Pun intended.

Exchange Traded Funds are like pooled funds by users of financial institutions, Like mutual funds. But since we agreed to keep this simple, I’ll skip the details and simply attach a link where you can read up on this. Again, this whole article is limited to 500 words. Subsequent ones will grow in length if Bitcoin blows past $30,000

Bitcoin ETFs, Ethereum ETFs, and maybe one for the handful of memcoins flying around. My wild guess is a DogeCoin ETF; if that fails, a PEPE ETF is my backup guess. Elon is cracking down on Twitter bots ‘powered’ by memecoins, so I will stay away from that space.

Binance’s tussle with regulatory bodies around the world was expected. I must say that the firm is handling it considerably well so far. At least relative to FTX, funds are still SAFU. The market slumped on the news, not surprising when the biggest exchange is getting served by the SEC. Mr. Gensler hasn’t been easy on this space!

But we have the ETF news to thank for keeping everyone in the market. Not a big deal, to be honest. Bitcoin traded below $17,000 this year, and the investors’ spirits weren’t damped. Oh well, it actually was, just not totally annihilated. I’d take an exception for the bears who shorted everything they could lay their hands on during this time.

Bitcoin has tumbled almost twice since this time; altcoins are still left in the dust. The market appears to be jostling towards the green lines. The ETFs are a huge factor, but is this enough to take us back to the late 2020 and early 2021 days? You have your personal opinion, and it will be cool to put them in the comments.

I’ve come across a number of Tweets analyzing how ETFs will push Bitcoin to $300,000. If that materializes, then we are 10X away from the future. Bitcoin will have to behave like a real memecoin for the first time since Peter Schiff accused it of being a memecoin. And that’s fine for me. Even Peter is inscribing and selling Bitcoin ordinals now; I guess that’s a good step to becoming a moonboy. Turns out Gold doesn’t have ordinals.

For the most serious part of this article, I’d like to opine that ETFs aren’t enough to launch us into another Bullrun, at least not before the next halving. While a Bullrun before the next halving will be very much desired, the current sell pressure on cryptocurrencies is something these analyses haven’t considered yet. And mathematics doesn’t always work in the real world. $30,000 for a bitcoin in the middle of a global financial turmoil is already a big statement, and the bears can rear their ugly heads.

But there is still a long distance to the next $5,000 pump on Bitcoin. The market is in a pullback at the time I wrote this sentence. Might change by the time I push this article to my blogs. But for now, we can expect thins to dangle between $29,000 and $32,000 for a while. Even with every institution launching an ETF for the two biggest cryptocurrencies.

Again, we blew past 500 words! You guys owe me now!

28/06/2023
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21/04/2023