The DexCheck ecosystem is powered by the DexCheck token. DexCheck token currently trades at $0.022 at the time of writing with a total market cap of just $3 million. The DexCheck ecosystem is built to grow mutually with the DexCheck token. The DexCheck token can be traded on decentralized exchanges on Ethereum and Binance Smart Chain (PancakeSwap) and centralized exchanges like Kucoin and MEXC.
For the over 6,000 investors who currently hold DexCheck tokens in their personal wallets and investors who will be buying this token in the future, there are a number of benefits. These benefits are related to the ecosystem and beyond it.
We explore some of the use cases of the DexCheck token.
Platform access and privileges
Staking the DexCheck token qualifies you for numerous benefits on the platform. One of these benefits is access to special applications according to the tiered provisions. Note that you only need to stake your tokens to qualify for these benefits. Staking at least 20,000 DCK tokens allows you to enjoy pro traders’ features.
This includes access to applications like InsightGPT and top traders analytics. Staking the DexCheck token also gives you access to the IPSO and allows you to participate in the revenue-sharing program.
IPSO is DexCheck’s launchpad which is open to stakers only. Stakers are given the opportunity to invest in new projects before they launch. The revenue-sharing program allows stakers to benefit from the platform’s financial success.
Passive Income Opportunities
DexCheck offers income opportunities to holders of the DCK token through staking programs and yield-farming opportunities. The on-chain staking program offers APY of up to 35%. APY varies according to the selected lock-up period which could be up to one year.
DexCheck also partners with centralized exchanges to host staking programs for investors. the recent staking program in partnership with Kucoin offers investors up to 100% APY for staking their tokens on the exchange. Liquidity providers for the DexCheck token trading pairs on decentralized exchanges also earn from the trading fees paid by other traders. The revenue-sharing program is also a good income opportunity presented by DexCheck.
Governance
The DCK token also plays a role in the administration of the project, DCK holders, through the DexCheck DAO can vote on proposals concerning the development of the project. Through the DCK token, DexCheck tokenizes the governance of the project, this makes for decentralization at every level. DCK token holders can vote on proposals related to platform upgrades, fee structures, token burns, and other important decisions. Holding the DCK token gives you a say in the project you are invested in.
Intrinsic value investment
The value of the DexCheck token fluctuates over time. Investors bet on the possibility of the token’s value appreciating over time according to market conditions and the project’s fundamentals. While market conditions are unpredictable, projects with strong fundamentals are known to grow over time. DexCheck has solid fundamentals the token’s value has been in appreciation for a majority of its existence. In addition to the utilities mentioned above, holding the DexCheck token can also return tangible value to investors. Investors can decide to hold the tokens and trade them in when the value grows or commit them to any of the passive income programs for extra benefits.
Closing Thoughts
Click here to see active trading pairs for the DexCheck token. We have discussed a few benefits of holding the DexCheck token. These are accurate at the time of writing. These benefits could improve as the project continues to grow, but it is also important to note the risks of investing in crypto assets. It is recommended that investors do proper research before purchasing any crypto assets. Also, note that this article is not financial advice.
I could draw a couple of TA charts to prove that a token is about to go 10x in the next few hours, yeah, these things don’t happen like that most times. So, this is not what I’m about to do. But I will be sharing my pick for the next run. With bitcoin sitting above $34,000 after some impressive gains, it is expected that altcoins will follow suit, also, the Fear and Greed Index is turning green and the whole market might move again soon.
Alright, no long talks, here’s my pick – the DexCheck token. I did a guide on how to use the Telegram bots in the DexCheck ecosystem a while ago and it’s one you need to check out. DexCheck’s fundamentals are quite solid, an interbreed of Artificial Intelligence and Decentralized finance (DeFi). The technology is impressive as well. But on economic grounds, these are not the only reasons why I am projecting it to 3X its current price within the next three months. Note that this is not financial advice. Always do your own research.
Why DexCheck could go 3X within the next three months
DexCheck has been in consolidation for Long term
DCK token has been trading between $0.045 and $0.02 for the past three months. During this period, the daily trading volume has stayed above $200,000 on average. The strong market interest and balanced price fluctuation are strong indicators of long-term accumulation and consolidation. Despite the fact that DexCheck has made significant breakthroughs during this period, the price has remained stable around this range.
It is also interesting that the accumulation pattern followed the short-term pump in the early weeks of October 2023. The chart looks like it is headed for another uptrend. Due to the long accumulation period, this could last longer than the last two peaks. This translates to up to 300% gain in the next three months and would place the price somewhere around $0.06.
DCK token has shown built a strong support around $0.02 which is just a little above the recorded All time low. Despite intermittent drops to levels below 0.02 in the past few days, it has swiftly reclaimed the support level each time. Therefore 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 $0.06 puts the whole project at an FDV of just $6 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 $6 million.
Dexcheck’s technological fundamentals are quite solid
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.
DexCheck’s Telegram bot has grown to over 2,500 active users in the past three months. This growth is continuous and is proof that other investors are buying up the idea. Even though other Telegram bots have seen significant growth as well, DexCheck seems to be catching up faster, relatively. With this growth pattern, it is striving to be a major force in the AI and trading bot narrative. AI and trading bot projects, both could experience another wave. DexCheck fits into both narratives, coupled with the current low capitalization. DexCheck 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.
Interesting updates for DexCheck are lined up for Q4 2023!
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.
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.
Exciting partnerships with reputable projects
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.
Low Market cap and ALT season
The first Bitcoin ETF could be around the corner and 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. The recent BTC gains are majorly due to rumors around the ETF filling. If BTC continues to move we could go into a major ALT season.
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, this is not only due to the fundamentals (which are quite strong) but also due to the relatively ‘tiny’ market capitalization.
Over the years, small-cap and mid-cap projects have turned out to be the biggest gainers in every bull run. For a conservative guess, I’d say 300% (3X) in the short term is feasible, for an optimistic guess, we could be looking at 10X to 100X in a few months. This is however not financial advice, it is important to do your own research and apply risk-management strategies as much as possible.
Closing Thoughts.
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. However, if the market stays stable and alts get to run in the next few weeks, DexCheck is well positioned for another good run.
By holding out on its support for the past few months and printing some good volume over this time, it has spent a relatively long period of time in consolidation and could be set to move upwards with an energy higher than the last pump it had. That being said, always do your own research before investing.
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.
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.
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.
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…
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.
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!
Snoop Dogg revealed that his NFT portfolio is worth millions of dollars. The most popular names you could think about are fast hopping on the NFT trend. Lil Yachty influenced the very popular Safemoon moonshot. A tough one to say, but SouljaBoy once turned into a proper cryptocurrency pump and dump specialist of the McAfee type.
Celebrities of the most elite echelon are fearlessly pushing cryptocurrency, decentralization, and financial technology-aided human freedom. Unarguably, your recent love and respect for a couple of them stem from the fact that they helped ‘pump’ some of your cryptocurrency holdings.
Hate or love him, Elon Musk has been the most influential figure in the crypto space in 2021. Yeah, it’s the rocket man, not even Michael Saylor and the thousands of Bitcoins he regularly buys via his investment startup — Microstrategy. NSFW projects have also attracted adult content producers into the crypto space.
As if this is the first time cryptocurrency made its way to mass awareness, the rave seems to have shot up from nowhere! Amazing, yet confusing…what could have caused this rush and how have this changed things for the larger cryptocurrency community?
Flashback to a couple of years ago; bitcoin was relatively stuck in obscurity, despite performing way better than every other asset you could think of over the past decade. Only the most curious and financially knowledgeable celebrities cared about making their opinions about the shady digital asset known. The dollar was the rave, amongst celebrities and other people alike…it probably still is.
A couple of them surely moved a chunk of their funds into bitcoin and cryptocurrencies but barely cared to talk about them as much as they do currently.
NBA teams are proposing to pay part of their players’ salaries in bitcoin, popular racing companies, and F1 racers have lucrative deals with cryptocurrency startups. The bitcoin car didn’t win that race, but still, it has served its purpose. It’s not so odd to see new people join a trend, but then they barely cared about it a while ago and suddenly get so involved, it looks weird…or amazing, rather.
Who’s your favorite celebrity in cryptocurrency? For me, it’s certainly not Soulja Boy. The ‘Crank dat’ emcee hasn’t been such a healthy figure in the crypto space and represents everything that makes cryptocurrency investment risky. His influence is very similar to that of many other celebrities who ventured into the space during the cryptocurrency bull run of the first quarter.
Anyone who really cared would wonder what these popular guys have contributed to the real growth of cryptocurrency and blockchain technology.
Pump and dump specialists? Remember when meme tokens nearly took over the Binance Smart Chain? The safe, moon, baby, Shiba, and Inu tokens. As funny as they sound and function, many of them were being advertised by elite celebrities; Snoop Dogg, The Game, members of the Faze Clan, to mention very few. Thanks to the large audience they gained via their music success, and otherwise, these tokens gained enormous popularity accompanied by face-melting price moves. Thanks to Automated Market Protocols, every buy or sale has a tangible influence on price.
Price easily went haywire, 10X gains were as common as ever, 100X gains and even higher could come within a week. The peak of these gains was usually followed by rug pulls and teams selling the majority of their holdings, leaving holders to nurse their irrecoverable losses as trading volumes shrink out while the project goes into obscurity. Unto the next one! “what’s the next 100X?” cryptocurrency’s reputation was left to bleed, volatility and betrayal were demonstrated in their worst manners. These influencers already cashed out before the storm, depending on whether they were paid upfront or in the tokens.
Money grabs? For most of these celebrities, cryptocurrency is simply an avenue to boost their net worth or get out of their bad financial situations. NFTs, Defi, memes, and passive reward coins; the boom of each of these presents an avenue for celebrities to jump in and make some dollars. Celebrities would mint NFTs and only sell them for Dollars and USDT.
Funny how the rest of the crypto space boarded their ship and paid ridiculous fees for these NFTs. Well, thousands bought meme coins simply because a celebrity said inaudible words and mentioned the coin at the end, lol. Well, the gains were good, for these popular guys, and they get to keep their reputation intact and gain more followers.
Politically influenced moves? Actually, I have been mentioning rap stars and pop stars, that’s partial! Elite politicians have also joined the movement, either against or in support. Most of these moves are politically motivated as some of these politicians, in fact, have no interest in cryptocurrency, while a good number of them actually hate it but put their weight behind it to earn voters’ attention and support.
Politicians with real interest in cryptocurrency have stayed outspoken way before the boom, most of them against it, however…but they are genuine, at least.
Well, as long as global awareness goes, these celebrities haven’t been such a bad influence in the space. To be fair, a good number have pushed cryptocurrency closer to global adoption…very few of them anyway. Regardless of how they did it, more people got to know about cryptocurrency via their popular shills and toxic support for certain projects.
In the real sense, long-term supporters have continued to have the most important contributions to the positive growth of cryptocurrency and blockchain technology, while the new ‘converts’ continue to find their way into the space.
It’s safe to say that Elon Musk facilitated two very interesting trends; electric cars and meme coins. To the moon! But before that, how much have you earned by simply holding ‘baby’ tokens? Only very few ‘blue chip’ projects are yet to get a ‘baby’ token which yields their holders some dividends in parent tokens for holding the spinoff tokens.
The crypto space offers a free market opportunity where concepts sell according to market demands. Regardless of intrinsic values, a project’s valuation could steam from numerous factors; ‘luck’ included. DogeCoin’s transition from a ‘joke’ fork of the bitcoin blockchain to a top ten token in a Two-trillion-dollar sector with tons of other relatively ‘more useful’ projects, goes a long way to portray the randomness of the crypto space.
Well, that’s not the first time this space has looked ridiculous; and not the last time either. If you bought some Safemoon and sold it off at its all-time high, then you’d probably be in a realistic moon currently, same if you invested in a number of meme coins.
Meme coins hold one thing in essence, ‘communalism’. Interesting, to be fair; group marketing creates enormous hype and could drive a huge buy pressure on the concerned project. Meme and moon coins utilize this idea a lot and make tangible price and community success thanks to the correct use of this strategy.
Hype marketing has played out well for a good number of cryptocurrency projects. Well-planned shills by a group of people could create thrills and lure potential investors into investing in a project despite having no clear information about the project. These projects sometimes involve prominent cryptocurrency influencers and mainstream celebrities creating these shills.
If done well, hype marketing could override utility and push a project to tangible price levels regardless of the proper utility it presents. This growth despite being organic is actually built on ‘unverified beliefs’ and bloated utility.
Memes are cool, but are they worth over 40 billion dollars? Well, arguably. The doge army would present reasons why they think dogecoin should actually overthrow bitcoin at the apex, lol. Regardless of how convincing these reasons may be, meme coins owe a majority of their success to well-planned hype marketing…and Elon Musk.
Alright; you might not be a fan of jokes and memes, and communalism either, but passive income is an idea everybody fancies; well, most people. If that’s the case, then you’d fancy some of the ‘baby’ coins being filtered into the crypto space.
Baby tokens reward holders by selling contract taxes to buy parent tokens and distributing these tokens to holders according to the proportion of tokens they hold. Dividend tokens are usually allocated in a 1:1 ratio and enable automated distribution of the concerned parent token. These protocols are all embedded in the smart contract. Tweaks and ‘hacks’ are possible anyways. Well, I’d say ‘technological exploitations’
Actually, it doesn’t matter how the rest of the crypto space feels about these tokens, they skyrocket at launch. Only a few of them manage to maintain this speed for a while though, most others falter as the hype falls. Nevertheless, they make a bold statement about marketing in cryptocurrency and the world outside it.
A true businessman knows the value of marketing; however, the same cannot always be said about a nerd who prefers to push code bits to GitHub and deliver clever solutions. Disproportionality between marketing and technology has seen mediocre projects with good marketing climb the stairs in terms of market capitalization while plausible projects languish at the bottom and most times, die off.
You probably have your reservations about ‘marketing coins’ and hype marketing as a concept; but there is no denial about the fact that they shine a light on subject many projects ignore — marketing. Successful cryptocurrency projects are built by properly marketing good utility(ies). When done so well, one might offset the effect of the other.
Well-developed utility, successful hype marketing? A project might survive by having just one of these. The perfect strategy is a combination of the two, many projects with solid utility and tokenomics miss out on the latter.
A lesson to learn? I’m not sure if these other projects are willing to learn from memes and ‘baby’ tokens.
