CryptocurrencyScripts

Tag: cryptocurrency

I rode the Solana Memecoins Wave; here’s what I learned

This isn’t even a flex, but, thanks to the profits made from this venture, CryptocurrencyScripts now has a runway of at least, 5 years. I’ve spilled the beans, now we can move on. Even if you have yet to dip your feet into any of the flurry of solana memecoins, you must have heard about one of them. The one Wif a hat or the one about a used Honda 2001 Civic. Really cool memes from each of these projects, but if they are worth the millions…I can’t say for sure. But I know one thing, everyone dabbling into those projects is looking for a Max Wynn…sorry, win. Memcoins are fun, especially when they 10X your ‘investments’, can’t say the same if they -90%ed your investment in one hour. I’ve been in both, I enjoyed the former, the latter was also fun.

After a few months of ‘aping’ into weird projects, I have a diary to share. Not like anyone cares, but even if this doesn’t get to the cabals and the cults, it’s always fun to write on this platform. Just to mention, the next episode of the Snack Talk is also in the works!

I’ll get to it quickly

We are all here for the money!

Yeah, quit the ‘tech’ talks already. It’s obvious, no one is here for the technology. I used to put it at 10%, but it’s actually 0%. Memecoiners are just like everyone else who dabbles their money into a magic internet coin with the hopes of making massive profits, and converting everything to fiat…and buying a Lambo. Only difference is; others play the long game while memecoin connoisseurs play the fast game. Most investors are a hybrid. The random investor will take a quick 100X over ‘a ground-breaking decentralized innovation’. No pun intended, but reality hits hard. The usual 1hr chart for every new memecoin depicts, FOMO, profit taking, and rugpull, in that order. And this is where the fun lives!

Are crypto investors really smart?

Smart investments are preceded by proper research and risk-managed entry. Thing is, memecoins don’t give anyone a chance to do any of these. The boat might be far gone before you get to any of these. It’s the old-fashioned ‘first ape, then research’. If that’s the case, then, are we really smart investors or autistic degenerates who jump into the water without checking the depth? This question is not even a caution or a corrective ponder, just asking if we are still moving in line with the goal of breeding a generation of smarter investors. It is clear why the wizard of Berkshire Hathaway isn’t a fan of anything we are doing here. No problem, he can have his fiat while we have our Bonk!

The Bigger Fool Theory

Remember what you had in mind while buying that memecoin? I can’t read your mind, but somewhere in there, you are convinced that someone will be dumb enough to buy after you and drive the price up. This is not about memecoin only, maybe it is actually a big factor driving the general cryptocurrency gains. A lot of unconvincing crypto projects make it to reasonable heights simply because the next partially convinced investor jumped in with the hope that the dumber money would follow. The pyramid collapses when the next ‘fool’ doesn’t emerge.

Rugpulls are only serious if the project never recovers

Removing liquidity is the old-fashioned way of doing rugpulls. That act already improved and I think the new method is more lucrative. It’s simple and it gives the project a chance of making a recovery if the community takes over and “work for their bags”. Here’s how it goes, create a weird coin, keep a majority percentage, add the rest to the liquidity pool, and dump your bags once buyers come. This way, the initial liquidity remains, you make your money and if the community is strong enough, the project survives and everyone wins…well, not everyone exactly. I’m not telling you how to get away with murder, but this gives the project a chance of surviving and maybe you can get away with your Theft. Yes, theft.

‘Influencers’ are the literal Wolves

You’d ask why UsedCar is sitting at a multimillion-dollar market cap while Panda, an older and similar project on ZkSync is wallowing below the $30,000 market cap. The answer, the influencers didn’t get to it or haven’t gotten to it yet. It’s never a crime to talk about a project you are interested in, but doing it just to lure your followers and dump the tokens you got for free on them is a ‘wolf and Lamb’ parable. For every memecoin that made it to the top, there are tons of influencers using their followers as exit liquidity. Really plausible how they are able to do the luring game, something to learn about marketing there, the end goal is the only negative part. Lots of quality memcoins projects never make it out because they prefer to stick to the community-building goal instead of greasing influencers’ palms. Well, no sympathy here, it’s all a game anyway.

The biggest Fundamental is Shilling

If you want something out of a project you are invested in, the only thing to do is to Shill it. To your friends, your colleagues. Yeah, they are your exit liquidity, but that’s how this thing goes. Bluechip or just a memecoin, the biggest fundamental is Shilling. To put it straight, the project with the most shillers wins.

Ask if I still nurse the idea of gambling on memcoins? The answer is a big Yes, just like anyone else who wishes to test their risk-taking abilities. The essence of this whole rambling is to share my experience, not to announce that I’m leaving the game. Another goal is to ask the big question; “Are we actually investing or Gambling?” The events around these memecoins suggest that this is all a gamble, whichever one, managing risks is recommended. On the outlook, the Rugpulls and investor deception do not paint a good picture of the whole space. But hey, the warnings are everywhere. Memcoins, just like any other crypto investment is a high-risk venture. The thrill is there, the stock market and its 20% annual gains are boring and it’s human to go in search of thrills. Memcoins present that on a platter, it is not clear if this is good or bad.

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22/01/2024
2024 in the Crypto Space – Year in View.

Bitcoin opened the year at one of the highest price levels ever. Really looking like a solid year, if we don’t ruin it with some funny events. In all my time in the space, I’ve not seen a year as bullish as the one we just entered, but it’s hard to tell the future. $100,000 Bitcoin and $5,000 Ethereum, you are surely expecting your shitcoins to print some good numbers this year too, the Lambo dreams look more realistic than ever. The stars are aligning, but this space has a history of being wild.

This isn’t even financial advice but here’s how we might rock this year;

Bitcoin Halving

At the time this article was written, a Bitcoin miner earns 6.25 Bitcoins for each block they mine successfully. This is set to change later this year after the next Bitcoin halving, stipulated for April this year. 3.125 BTC per block is still a very significant reward. Compared to what miners used to receive, we’ll have a 50% lesser emission rate. This has been shown to have a positive effect on the price of Bitcoin, hopefully, history continues to repeat itself. Bitcoin Cash and Bitcoin SV will also be halving this year; you probably don’t care much, but I just had to put it there in case.

Spot EFTs

If things go as expected, we could have some major developments on the Bitcoin ETF applications from the previous year. The build-up from 2023 was catalyzed partly by rumors surrounding spot ETFs for Bitcoin, Ethereum, and a few other cryptocurrencies. The effect on the value of these assets is out of the question, IF the ETF applications go through, then we can expect some real fireworks, but IF. Apart from the assets with filled spot ETF requests currently, ETF listing applications for more crypto assets could happen in 2024.

Pump it, Nope?

Bitcoin halving and Spot ETFs in the same year. Cryptocurrencies have pumped due to some ridiculous news, these two events are of very much importance compared to these. I’d say we are due for that $100k Bitcoin and $5,000 Ethereum. Altcoins are due for a pump, memecoins too. Everyone, really. Just remember to take profits on some of your ‘blue chip memecoins’ though. This might not last for assets in that class, but this is not financial advice either.

Shift in CEX dominance

Centralized exchanges are controlling crypto trading. For all the average investor cares, this is more than fine. But the thing is, decentralized exchanges are getting better, apart from the periodic exploitations, of course. The big advantage is the freedom it gives investors and project teams as well. The fact that you don’t need to pay a listing fee to create a liquidity pool is cool stuff. On CEXs, listing fees run into hundreds of thousands (dollars). If you are not a liquidity provider, Decentralized exchanges are a bit safe, but don’t forget to revoke access when you are done with your swap. I could make a list of some promising decentralized exchanges; Mute on ZkSync, Uniswap, DyDx, and a few others, but I’m sure there are tons of other excellent decentralized exchanges. These decentralized exchanges will likely challenge CEXs for trading volume. I said, Challenge!

Regulatory crackdowns to continue

We saw many crypto institutions sit in the courtroom and even more invited to investigation panels. Regulatory bodies in different countries are taking a closer look at what we are doing here, and where they see an opportunity, they will certainly swoop; especially if there’s a possibility of going away with a few billion dollars. Don’t get this wrong, the space needs some regulation and we will surely be seeing more of these this year, hopefully they don’t ruin our party!

Bitcoin Virtual Machine (BitVM)

BRC-20 tokens might make the wave this year. SRC-20 tokens as well. But I think another trendsetter will be the Bitcoin Virtual Machine. No need for my personal opinion here, so I will just say what you want to hear; this Bitcoin VM could signal another Era for the Bitcoin blockchain. Decentralized finance and DApps on the oldest cryptocurrency blockchain will be an interesting one to see. Seriously, it will be even better if we just focus on making Bitcoin a perfect P2P payment facility. But that’s my opinion and it doesn’t even matter.

What else?

What else? This post surely didn’t cover everything, neither are the predictions correct. But before you laugh at the ‘ridiculous’ predictions, let’s know what we missed out on, and your personal predictions as well. No, don’t start with Michael Saylor buying more Bitcoin, that’s surely going to happen since the man actually wishes to own every Bitcoin on Earth. Also, what is a Bull run without ridiculous gas fees on Ethereum and some other L1s and even L2s? Maybe good news for projects like ZkSync and Arbitrum. Well, What else?

Concluding, it will be really interesting to see how these events unfold during the year. Sometimes things don’t really work out the way we want them. Hopefully, the disappointment is your memecoin printing a 10X instead of a 100X. Anyways, it’s all the same if you pass up on the profit-taking opportunities. On a more serious note, 2024 might not be business as you know it, even a semi-bear like myself is feeling so bullish! Looking forward to it!

Happy New Year!

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01/01/2024
How crypto fared in 2023

2023 is one of those events you cannot describe with one word. It’s been a hell of a year! If anyone in the government gets to read this; consider extending the holidays. Unfortunately, in the capitalist world we live in, this isn’t even up to the government anymore. One of the year’s biggest events in crypto is Bitcoin’s climb to $44,000 from levels below $17,000. An over %150 rise in a year is a significant one. Ethereum hit $2,300 as well…at least we are leaving this year better than we met it. Yes ‘WE’.

Well, while you decipher that, here are some of the notable events of the year;

Rug Pull, court, jail

Forbes’ ’30 Under 30’ is the new prerequisite for jail time, at least that’s the new conspiracy theory. It’s not really a ‘theory’ when we’ve seen it play out quite a couple of times this year and even the years before. In the crypto space, there’s been lots of court time and jail time. Luna guys, FTX guys, and maybe Binance too. Different levels of Rug pull. We will keep calling out the memecoin rugpulls, but the CEX rugpulls are a thing. The space needs regulation, no doubt, even though the regulators aren’t the best kind of people. Several interventions have seen notable figures in the space go through court sessions and potentially, jail time. Financial crimes aren’t a joke, but we can’t keep ourselves from finding something funny out of any situation…like the courtroom painting of Mrs. Caroline.

Institutional insurgence on crypto

Multi-billion dollar mainstream financial institutions are steering into the crypto space in many ways. The mainstream VC invasion has been a thing for a while, but some big money institutions are launching spot ETFs for cryptocurrencies. Bitcoin, Ethereum, Bitcoin Cash, and LiteCoin. According to rumors, there is one for XRP…and PEPE. Not sure about these two but if the rumors are true, then the theory about mainstream institutions “coming for your Bitcoins” might be true as well. The BlackRock spot ETF for Bitcoin is yet to launch, but ‘rumors’ have it that we are close. Didn’t happen this year, maybe next year. Regardless, of the intent, we are seeing an increased mainstream exposure. This could be good for the price, we are not sure what it means for ‘Satoshi’s Vision”, but the random altcoin trader will take a solid 10X over that.

L2, Meme, Cashout, repeat

Over 11,000 cryptocurrencies are listed on asset-tracking platforms. Untracked assets are at least twice this figure, mostly memecoins. ‘Blue chip memecoins’, RugPull memecoins, and proper memecoins that accept their fate as being reliant on pumpamentals…and luck. But if you made that quick 10X on assets like this, then you can proudly enjoy your win. Like the past two years, 2023 witnessed a flood of memecoins, just like the tons of Layer-2 scaling solutions that launched this year. For each new L2, there are at least 50 memecoins, we’ve lost count of the memecoins on Ethereum and other L1s. Many L2’s usage statistics ride on the back of memecoins, and this is fine. We just want you to know that Memecoins didn’t die in 2023, we’ll check again in 2024.

Bitcoin – The new ‘Ethereum Killer’

BRC-20, BitVM…the Bitcoin blockchain now runs its own kind of smart contract. On the bright side, you can inscribe data on the Bitcoin network, on the other side, the Bitcoin blockchain was developed for the sole purpose of P2P transactions. The experiments are cool, but the after-effects are also significant. But this is not the time to say these; this paragraph only serves to inform readers that Bitcoin could be gearing up for a (very) new set of utilities. BRC-20 tokens and NFT-like inscriptions made the wave in the second and third quarters of 2023. The hype has died down since this time. The team behind BitVm is developing a Virtual Machine for the Bitcoin blockchain, these developments could shape 2024.

The Airdrop hunting continues

Every new protocol that launched in 2023 reached the one million user milestone in a very short time. We’d like to attribute this to the quality of these projects. But once we are done with that, we’d also like to talk about an obvious major contributor – Airdrop hunting! Lots of juicy airdrops from 2020-2022 and no one wishes to be left behind in the next multi-thousand dollar earndrop. So, the hunting continues. Good enough, even more projects have conducted such programs this year; Arbitrum, Celestia, PYTH network, no need for a long list. The average airdrop hunter should have something to show for the ‘hustles’ this year!

Not to jinx it, but 2023 looks like a perfect tone-setter for a massive 2024. The coming year is packed already and this year has done a good job at shining the lights to even better things…hopefully. If we don’t witness another Luna-level collapse, 2024 might just be the year. 2023 was a huge role-player here. The whole space has gone through a huge rebuild and regardless of how it went on individual terms, it is another one for the record books. And if you ever thought memecoins would fade out one day, this year is a good reminder that things like this are part of what makes this space what it is. The lights fade; the show continues in 2024!

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27/12/2023
The 2023 scripts – CryptocurrencyScripts Annual Report

CryptocurrencyScripts serve one purpose – to give investors something to read; when they wish to. We admit that the current setup isn’t perfect for this goal, but this is a work in progress. For the ‘work’ in progress, we have spent another year working on everything we want CryptocurrencyScripts to stand for; humor, simplicity, and versatility. In general, 2023 has been another step in the right direction.

Wrapping up an impressive year, we present our annual report, as usual. We understand that our readers could have missed some significant developments, or better said, some developments we feel are ‘significant’. Now, we aren’t good with hype words, so the following updates are as plain as they can be!

Here’s how we ran through the year;

In 2023 we;

Built a community for Writers…and readers

The regular cryptocurrency investor is more interested in partnership, airdrop, and technical exploitation announcements. How-to guides come immediately after these. Lesser attention is paid to regular articles, which form the bulk of our publication, but we are glad to operate in this area, and we are assembling other writers who hold this belief too. As part of our effort to pool writers into a single community, we created the CryptocurrencyScripts medium publication. Don’t ask how we could afford the $50 annual medium membership for this feature! Just visit the Cryptocurrency Scripts Medium publication. Join a community of writers.

FYI over 700 investors read our publication every month! Rookie numbers? Nope? Thanks!

Didn’t stop writing

We are writers at heart, for the passion and the Pa$$ion. The former supersedes and this is why we keep working on the next paragraph. For cryptocurrencyScripts, external projects, and for individual media projects, we didn’t stop writing, and we are planning to change this anytime soon, even when the readers stop reading. CryptocurrencyScripts is built with words, for words.

Traded memecoins

Before you read the next words, CryptocurrencyScripts is not a fan of Memecoins. But we’d like some quick profits and memecoins are some of the quickest movers, and we mean this in both directions. So, we dabbled into a few of them; the dog-themed ones. We can’t say the same for the writers in our community, but if you are still wondering how we got $50 to pay for a Medium membership, your answer might be staring at you.

Watched the Charts

If you trade memecoins, or any digital asset, then you surely watch the charts. That’s what brings us all together. We weren’t left out, GeckoTerminal to watch memecoin charts and Coingecko to watch every other chart. DexScreener is cool too. You certainly have your picks, TradingView probably. Whichever one, the number of times you open these in a day is what sets you above others. We should be somewhere at the top of the list.

Started the Snack Talk series.

Everyone loves to shit-talk while they chew on a sugary snack. Same here! We started a series where we pick up snacks and talk about the crypto space while we eat them. Not a serious thing to do? Of course, you are right, but it’s certainly a fun thing to do, which is why we do it once in a while. The crypto space is only fun during the Bull Run, so the series is a bit slow. If the bull season eventually returns we can drop these things faster.

What’s your favorite snack? Check out our snack talk collection.

Closing up; We are gradually drawing the curtains on another rewarding year and are even more inspired to do better next year! If there is anything we are most proud of, it is the fact that you are reading these words and probably enjoying them. We are growing as fast as we can, organically, and we want our readers and followers to be made up of people who are interested in reading more from us. Remember to hit the follow button if this is you.

20/12/2023
Snack Talk – The Cheesecake

We are all in support of a well-regulated crypto space, but the regulators should at least get the pronunciation right for the firm they are prosecuting. Well, maybe we’ve all been pronouncing it the wrong way. The memecoin peddlers are already having a field day with that one and that’s fine, a few 10x on those BENANCE coins wouldn’t hurt…before they pull the rug.

4.3 billion cheese in the pocket, you can see the idea behind the title now. The SEC could run solely on the money made from crypto firms in the past three years. Can’t lie, the whole space needs to be tightened up, it is currently loose. But I suggest that Mr. Logan should at least give back some of the money he made from that sports drink stuff to the guys he ran away with their cheese for some NFTs that never came to life.

A silver lining; Bitcoin rose past the $30k area and Ethereum breached the $2,000 level. Even though I don’t have much of those, some altcoins have seen a few gains too. Wondering how I could afford another snack? You have your answer now. I had the opinion that bull runs were fueled by greed and hype, this one could be fueled by conspiracy theories. The Bitcoin ETFs are taking quite some time to go live, the real problem is… every cryptocurrency appears to be getting a Blackrock ETF too. Solana, XRP, PEPE. If you believe the XRP part, you should believe the part PEPE too.

Memcoins should find a way to include an ETF in their ‘utility’ list, but if “they got rid of CZ to pave the way for an industry-controlled Bitcoin” then these ETFs should pack more punch than we expect. Since we are all here for the money, this should be good news, right? No? Have fun explaining the ‘satoshi vision’ to the regular investor who just wants his altcoin to go 5X.

If you want proof that a good percentage of ‘cutting-edge decentralized AI projects’ is just an extension of ChatGPT, the price movements of these projects in response to the hide-and-seek at OpenAI is your best proof. Sack, re-employ; turns out these jobs are more secure than we thought. For whatever reason these guys sacked Altman; the employee movement sufficed…they probably had a hard time understanding Sam’s codes though.

The AI team at X launched a more vicious ChatGPT – GROK. There are more chances that you saw that name first in the Memecoin market. But yeah, crypto always moves first. If there is anything I’m convinced about in the coming bull run, it is that AI coins are going to run to show.

Gensler believes in the possibility of rebooting FTX Exchange. Associated tokens have since gone haywire, and if FTX gets rebooted, the next on the list should be Luna. USTC might already be trading around $0.1 by the time you get to read this article. Still, a long way to go for a dollar-pegged coin, but in this space, ‘never say never’. FTX, Luna, Voyager, Celsius…the list is long, but, one after the other.

I’m revealing the snack of the day for the first time; since everyone is getting cheese, it’s just reasonable to get a cheesecake, and Sprite. Unlike the guy behind the KyberSwap exploit, a handful of snacks could get us ‘fully rested’ in a short while. The Poloniex hacker and the SIM swap guys made the list of ‘cheese getters’ too. Guess the whole space is just about people getting cheese.

Bankman Fried and other FTX guys will learn their fate soon, I will have to drop the pen here and return whenever we have definite news. But if Bitcoin crosses $40,000, then we might be back sooner than expected. Gone past the 600-word point too. Just in case you read up to this point; see you next time…guys! And hit the FOLLOW button!

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29/11/2023
DexCheck is solving a billion-dollar problem.

The bulk of crypto transactions are peer-to-peer transactions and trading transactions the former might not always be profit-oriented, but for a majority of cryptocurrency trading transactions, the participants hope to generate significant profit from their transactions. Compared to other financial investments, crypto investments are ‘special’. The technology and the core financial aspects intercept at a point.

Cryptocurrency investors report grave losses annually, these losses run in billions, cumulatively. On individual terms, investors have reported losses ranging from a few thousand to even millions. There are some common causes; in any case, the most popular one is the lack of correct information. While many investors simply gamble their investments, a good portion perform actual research, but unfortunately, adequate tools for this process are unavailable at times. DexCheck – a blockchain and AI project is putting up solutions to the core issues investors face in the crypto space.

DexCheck’s solutions are tailored for the everyday investor. It is an ecosystem of tools that are focused on assisting investors to make the right decisions. Here’s how DexCheck solves these issues.

Trading losses to wrong information

Thanks to decentralized trading platforms, routing trading transactions can now happen on-chain, exclusively. Even investors who trade on centralized exchanges leave footprints of their activities when they move their funds to their personal wallets. Part of an investor’s research process is studying the on-chain activities of other investors and using information obtained from this process for their own good. Investors fail at getting the right information from on-chain analysis because these information are raw and sometimes hard to piece together.

This is where DexCheck shines. DexCheck is developing a suite of applications that can be used for on-chain analysis. DexCheck’s applications track activities on decentralized exchanges, and individual wallets to obtain raw data and process them into useful information for an investor. It removes human error from on-chain analysis and offers machine-level accuracy to information obtained this way. DexCheck also has analytic tools that track high-profit wallets to enable users to trade along with investors who are markedly more informed than they are.

Trading losses due to poor timing

Crypto trades happen quickly and cryptocurrencies are known to be volatile. Therefore, significant changes in asset value can happen in the shortest period and traders who fail to follow up with these changes could run into losses. Also, many investments, albeit brilliant, were made at the wrong time. DexCheck offers two solutions to this; first, a tool that allows traders to execute trades quickly and tools that track the movements of other investors in real time and notify the investors.

The first tool is the DexCheck Telegram trading bot, the second tool is DexCheck’s InsightGPT. DexCheck’s trading bot allows investors to trade from their Telegram messaging applications. This bot connects to decentralized exchanges in over 15 blockchain networks and allows decentralized trading of over 1000 crypto assets. investors save ample time by completing their trades from the Telegram messenger interface as compared to visiting a DEX, connecting their wallet, and going through the process of setting up the pairs.

InsightGPT is a powerful trading assistant powered by Artificial intelligence and developed with gilt-edge data analytics algorithms. It screens traders’ transactions to detect high-value trades and notifies investors using simplified language to ensure that every investor is able to comprehend the message it conveys. High-value trades are trades that have high chances of being profitable. InsightGPT users have reported increased profits.

Reluctance to trade due to trading complications

Crypto is complicated, no doubt. The basic technology is daunting, but this is just the smallest part. Sometimes the procedure for other trades is more complicated than usual. Traders miss out on good gains because they are reluctant to take the long route to purchase these assets. DexCheck’s Trading bots tackle this by handling trades on behalf of the users and offering a simpler route to buying and selling crypto assets. DexCheck makes crypto trading relatively easier and puts traders in charge.

Closing Thoughts

Investors are trying out DexCheck, the results have been impressive so far and these tools are still being built. With scheduled upgrades and new additions, DexCheck’s applications are set to work even better in the future. The billion-dollar problem is investors losing tons of money to the issues presented above. DexCheck operates in a trillion-dollar market and offers utilities to traders. As investors levitate to these solutions, it will be interesting to watch how the project grows in the future.

17/11/2023
Exploring DexCheck token ($DCK) Utility

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.

15/11/2023
DexCheck Pro trader features you are missing out on.

DexCheck is empowering cryptocurrency investors to make informed decisions in their routine investments. By making actionable data available at every trader’s fingertips, DexCheck hopes to improve the recorded success rate for cryptocurrency investments. In a space as volatile and challenging as this one, this is for sure a tasking goal. I have made a number of reviews of the different applications in the DexCheck ecosystem. The telegram bots and the wallet analytics applications are at the top of my list, but there is still a whole lot to discover.

The Telegram bot and most of the analytics applications are free to use, technically, all applications in the DexCheck ecosystem are free to use. However, the pro features will require you to stake some DexCheck tokens. By staking the DexCheck token, you also get to enjoy tons of staking benefits in addition to gaining access to the Pro features. There are two tiers, expert and Oracle. To enjoy expert features, you will need to stake at least 20,000 $DCk. The Oracle tier is the most advanced tier and gives you access to every feature on the platform. The required stake to enjoy Oracle benefits is 100,000 $DCK. At current DCK token prices, this is about $2000. You can purchase DCK tokens from Kucoin, PancakeSwap, and MEXC exchange. Click here to enter the DCK staking portal

Here are some pro traders’ features you are missing out on

InsightGPT

Insight GPT is DexCheck’s flagship AI-powered investment tool. It is only available to pro traders and packs a lot of powerful data-driven analytics for every investor. Under the hood, InsightGPT is a data-sourcing machine that is designed to collate related data and analyze them into presentable information in single sentences. It leverages the ‘Smart money’ feature which is also available on DexCheck. Smart money is a collation of top traders for specific crypto assets. InsightGPT proceeded to apply an algorithm to analyze these data. For instance, if two traders featured in the smart money list buy the same assets, then the asset is deemed a potentially profitable one. InsightGPT proceeds to notify Pro traders of this transaction in plain words. An InsightGPT data presents a brief summary of the trader’s records and an insight into their most recent trades.

An insightGPT alert takes this form,

For any trader, this takes up the bulk of their copy trading process and gives them ample time to follow up with the most experienced traders in the market. InsightGPT combines the functionalities of wallet analytics and whale tracker applications and employs artificial intelligence algorithms to develop a compact data machine. The Artificial Intelligence arm of insightGPT is schooled on the best trade moves and the core signs of an experienced trader. Just like most other AI-powered applications, InsightGPT is in evolution. While the current stage is quite impressive, it will be interesting to see how the DexCheck team hones the application to adapt to even newer trading moves.

How to use InsightGPT for your trading.

Click here to access the application on the DexCheck Platform

The InsightGPT interface is real-time and newer information is shown as soon as the application detects, you can follow up on a specific trader or simply screen through the sniped addresses.

You can also run analytics on a trader that interests you. To do this Click Analyze from the top right corner.

This takes you to the Wallet analyzer interface for the address. Here’s how to navigate the wallet analyzer interface;

How to use the Wallet Analyzer.

First, the network section presents a list of blockchain networks where the address is active.

You can navigate to the different networks by simply clicking on them. The analyzer presents information for the selected network Only.

On the Top section of the wallet analyzer page, you can see the calculated PnL for the address, the total volume of trades made on the selected network, and the total value of the asset in the wallet’s custody.

The page usually opens to the PnL calculator, otherwise, navigate to the PnL section by clicking PnL calculator from the options in the left corner.

The PnL page presents the profit and loss the address has across different trades on the selected network. You can see a detailed breakdown of each trade and the profit or loss generated for the trade(s)

To see a breakdown of the assets in the trader’s custody, click Holdings from the menu to navigate to the Holdings section. Here you will see assets the trader is invested in. if you wish to limit the presented assets to assets listed on Coingecko only, check the box next to Coingecko Tokens in the Top right corner.

The Trading history, the Buying, and the Selling section show a further breakdown of trades by the wallet. You can navigate to these sections to obtain detailed information on the separate transactions.

Setting up a notification

You can set up notifications to follow a wallet closely. The Notification feature is a function of the DexCheck Telegram wallet-checking bot.

To use this, click the bell icon from the top section, beside the wallet address.

This should immediately open your Telegram messenger or request permission to open the Telegram messenger.

We covered the control procedures for the Telegram wallet tracker bot. Check out this article for the Wallet Tracker bot guide.

You can now set up a notification for the wallet and get a push notification on your device when the wallet makes a trade.

SmartFolio

Smartfolio is your intelligent portfolio manager and investment assistant, it is a Telegram bot that helps you track your investments and updates you with signals and price movements as it concerns assets in your wallet. You can integrate your wallet into the bot or manually add the assets you are invested in.

Here’s how to manage your portfolio using the Smartfolio Bot

Click here to navigate to the smartfolio section

This automatically opens the Telegram Bot.

Click Send Message to open the Telegram messenger

Click Start to continue

Click My portfolio to add asset

This returns a message with an option to import your wallet or track the asset manually

To track assets manually, click Add Coin manually.

Enter the Smart contract address or the name of the coin you wish to track

The Bot presents a list of similar assets, Choose a line number that applies to the asset you wish to track

Now enter the amount of the asset you own. Send to complete.

To add import your wallet, Click Wallets from the menu.

Click Import Wallet address to continue

Enter your wallet address and send

The bot now tracks the assets in your wallet

Click My Portfolio from the Main menu to see assets

To set up an alert

Click Smart Alerts from the main menu

Click Add New Alert.

Enter the line number for the alert you wish to set.

You will receive alerts as it applies to your choice.

Top traders (for fungible tokens and NFTs)

The top trader’s features are another quite interesting application available to pro traders only. Like InsightGPT, it is a data-driven machine as well, however, it gets quite interesting. Instead of presenting the data on interesting trades separately, the top traders’ feature collates high positive PnL traders and traces these trades down to the maker, then it runs a calculation on the total profit and loss generated by the trader. It then shows on the interface, the traders with the highest gains over a specific period of time. This feature is flexible, you can adjust the timeline for the calculations and filter your searches to narrower data. The Top Traders application (for fungible tokens) supports over 20 blockchain networks and 30 decentralized exchanges

The interface is quite intuitive and also has a link to the wallet analyzer to allow you to perform deeper studies on the trader.

Here’s how to use the top traders feature (for fungible tokens)

How to Identify Top Crypto Traders Using DexCheck

Click here to navigate to the Top Traders application.

The list is set to a specific network, Click the Network section from the top right corner to select a desired network.

You can now see the list of traders with the most successful trade on the network. This is initially set to 30 days period.

To change the period, Click on Time Basis, you can set it to 7 days or 24 hours.

You can also arrange the list according to the Traders’ PnL and unrealized profit. Click on any of these as shown above.

To run a deeper analysis on the wallet, Click Analyze from the right corner to access the wallet analytics page for the address. Follow the wallet analyzer guide above to navigate through the wallet analyzer interface.

How to Identify Top NFT Traders on DexCheck

Flipping an NFT for some profit isn’t really as easy as it appears, but some popular NFT traders have mastered this trade and constantly print profits in their NFT trades. As a newbie and regardless of your expertise in the sector, following up traders with a recurring record of profitable trades can improve your performance as well. With the DexCheck Top NFT Traders application, this is much easier.

The Top NFT Trader application works in a similar fashion as the Top Crypto Traders application, but it tracks NFTs instead. Also, the Top NFT Traders application only supports the Ethereum network at the time of writing.

To use the Top NFT Traders application;

Click here to navigate to the application

The landing page lists NFT traders with the most profits in a period of time. Click the duration box in the top right corner to change the duration.

To run a deeper analysis on any of the traders, click Analyze Address from the top right corner.

The wallet analytics page for NFT traders is similar to that of crypto traders. Refer to the wallet analyzer guide above to navigate through the wallet analyzer interface.

Closing Thoughts

We could see traders raving about insightGPT, this is quite understandable, the lead it gives the everyday trader is handy, but the underlying technology is even more impressive. It is likely that we see this tool develop into a more capable application. However, the Smartfolio comes close in terms of utility. By being integrated into the telegram messenger, it delivers its role perfectly. Still, one to keep tabs on as the project develops. The Top Trader feature might also fall down the pecking order as InsightGPT continues to evolve. Either way, it is still a handy tool.

The point here is, looking at the utilities of the pro trader features and how accessible they are, every trader should consider trying these out. Even better, newer features will be available to pro traders.

We have covered a few aspects of DexCheck from the technological point of view. Check out some of these articles

A definitive Guide on how to use the DexCheck Telegram bot.

How to perform on-chain analysis using DexCheck Analytics tools.

For more resources

Follow DexCheck on X

Available utilities on the DexCheck Platform

Join the Telegram community

03/11/2023
Bitcoin at $34,000; this Mid-cap token is set for a 300% gain

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.

Stay up to date with the project

Follow DexCheck on X

Visit the platform

Join the DexCheck Telegram community

27/10/2023
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