CryptocurrencyScripts

Tag: defi

What is pump and dump in crypto and how does it work?

Pump and dumps are coordinated manipulation of the value of a commodity for a quick rise followed by a sharp drop in the asset’s value. As the name implies, the ‘Pump’ describes a sharp price growth, while the ‘dump’ describes the following sharp drop.

Pump and Dump is a generic term, with its application cutting across every investment space. However, it has seen more relevance in digital investment spaces. Such practices are easier to effect in environments like these. Such assets include stocks and shares, precious metals, and digital currencies like Bitcoin. This article focuses on Pump and Dumps in the crypto space and how this applies to the everyday trader. First, what is pump and Dump in crypto?

What is Pump and Dump in Crypto?

Cryptocurrencies are known for their volatility. But sometimes, this volatility is influenced by artificial causes and could be followed by a sharp drop. The basic concept is sustained, but cryptocurrencies are involved this time. Pump and Dump in crypto is a common concept, for assets with low liquidity, this is even more common. Crypto pumps and dumps are coordinated and targeted towards a pre-selected crypto asset. The common goal here is a quick profit for the perpetrators. Here’s how it works

How crypto pump and dumps work

The execution of a pump and dump is straightforward,
First, a congregation of traders is built using available social media platforms, then the pump and dump selects a crypto asset and crypto exchangeto be used and communicates the schedule for the event and target price.

During the agreed time, the traders in the community proceed to make quick purchases of the selected asset, this leads to a sharp rise in the value of the asset. The rise attracts other traders to buy into the asset, which further grows the price, when the target price is reached, the traders proceed to sell the purchased asset, making profits and leaving other buyers in losses. The success of the pump and dump depends on how well the community adheres to the plan.

Another step in a pump and dump is the shilling of the asset. This usually starts after the community members have made their purchase. A coordinated dissemination of information about the asset follows. This attracts other traders to take a look at the asset which is already growing in price. This is also known as a pump signal, but it is not limited to this explanation.

What is a pump signal?

For the pump and dump community, a pump signal is a notice of the details of the pump and dump. It is an invitation to purchase the asset before the external pump signal commences. For the non-members of the community, the Pump signal is usually a shill by contracted influencers or community members. This is done by a coordinated positive evaluation of the asset, including the sudden price growth. This attracts more people to buy and grows the price further.

What are Pump and Dump groups?

Most crypto pump and dump groups use Telegram, another known social media platform used by crypto Pump and Dump groups is Discord. Depending on the popularity of the pump and dump group, each community could consist of a few hundred to thousands of traders.

The pump and dump groups consist of different tiers of members. The Admins control activities in the group, including the dissemination of information about the intended activity. The community also consists of coaches who are usually tasked with educating new members of the community’s culture. Older members are also tasked with inviting other traders to the group, this is usually rewarded with perks such as a growth in their rank. This might mean access to more information.

How to detect Pump and Dumps

Due to the widespread volatility of cryptocurrencies, it is hard to differentiate a pump and dump from a genuine price jerk. However, there are a few things to look out for

Liquidity and popularity of asset

If a relatively obscure crypto asset with low liquidity suddenly starts going up massively in price. It is advised to do proper research before buying into the pump. Low liquidity and less popular assets are easy targets for pump-and-dump groups. This is because their price moves up easily.

Sudden hype

One of the ways pump and dump groups boost their profits is by shilling the target asset. If an asset suddenly starts being discussed by social media accounts and popular traders, it is also advised to do further research.

While this doesn’t guarantee it to be a pump and dump, it is one of the common characteristics of known pump and dump cases.

What are pump bots and how can they help you make profits?

The hack in pump and dump is Speed. Your ability to detect the pump, and make quick buys and quick sale is paramount to making profits in your trade. A pump bot can help you do each of these faster and with ease.

Once you obtain information about the assets to be pumped, the pump bot can help you make a quick buy and when you wish to sell, the bot can also help you make a sale. This can be done in a few seconds. Some advanced bots can be automated to make repeated buys and sales according to set algorithms.

FAQ

Are Pump and Dumps legal?

The legal provisions for pump and dumps are not clear, since it is not the same as insider trading. However, from a financial law aspect, they are illegal as artificial manipulation of community prices is illegal.

How much profit can you make from a pump and dump?

How much profit you can make from a pump and dump depends on four factors.

• Your capital
• Your point of purchase
• The Success of the pump and dump activity
• Your point of sale

You can make a substantial amount if you buy early and sell before the asset starts to dump.

Is it possible to join a pump and dump group?

Yes, however, this might depend on the community structure. Some Pump and Dump groups are public while some are strictly based on invitation.

Conclusion

Pump and dump is a turbulent way to make profits. while this can be rewarding, it also has its risks. One of the risks is being trapped when the asset dumps. Traders who fail to take profit before the pump even ends could run into losses. Therefore, it is important to do proper research and invest wisely |

05/02/2024
Snack Talk: The Green Tea

Green Tea doesn’t always taste nice and this might be reflected in this episode. Picking it for this episode was so random, but that’s just how the whole crypto space is. We were promised a bullrun immediately the Bitcoin ETFs are approved. Not all promises get satisfied, and this one has successfully joined the list. I mean; I already planned my first payment on a gently used 2001 Honda Civic, but by the look of things, I might just get a 1998 Panda. Now I said that with much positivity. Considering that Grayscale still has thousands of GBTC waiting to be sold, the public bus service might still be all I have. I had to personalize this because anyone shorting the hell out of the whole space should be on that Lambo dream.

Alright, shake that off, we might still get the Bulls this year. It’s a halving year and some guys just made over $100 million from that XRP hack. If they put all the money in memecoins, we might just get many 100Xs and subsequently a bullrun. Dare to dream, huh? I’d get a Lambo before anything else, but I’m far from being a hacker.

The Super Bowl is just around the corner, the last time it happened, every ‘big’ crypto firm was all over the place. Safe to say we funded the Super Bowl that year. Coinbase, FTX, Crypto.com…even the Super Bowl committee must be mouth-gaped at how much money these ‘internet coin’ guys can cough out for a 4-minute advert. But that was before they learned that we buy naming rights to sports centers. No pun intended but you’d expect things to go left after all the rights we bought. This time will be different though, or I hope so.

For the third time in history, memecoins could rule another bullrun. The narratives will even be funnier this time. The good thing is, the NFT scams in the name of memecoins might not work this time. Good news, right? The rug pulls will still continue. And airdrop farmers couldn’t care less about a bullrun, it’s always raining free money in their space and every testnet can boast of hitting one million farmers…sorry users; within a month. Good to see how much difference the thoughts of making a couple of free hundreds could make for a project. A silver lining is the fact that projects are substituting private sales with the initial liquidity provided by the airdrop hype. Anyhow that money is made.

Heard the American government is selling off that Silk Road Bitcoin. Everyone seems to be hunting for that crypto money lately. Not sure what they intend to do with the money, but whenever anyone sells crypto for fiat, that Lambo dream comes to mind. The German government is seizing crypto too, this is what mass adoption looks like! The good news for this paragraph? FTX might just give you back all the money you kept on their platform before they closed the doors on everyone. Considering the amount of Bitcoin they dumped on the market recently, this should be doable.

DePIN, AI, fit in any other crypto narrative you have in mind. We are really advancing in technological terms. The surprising thing is how these projects have been in existence for years and just pick up pace when these narratives are carried by influencers. This why I hold memecoins in high esteem, they have been here for years (well, not most of them) and have managed to be a booming narrative throughout this time, especially the dog-themed ones. Not a huge fan of dogs but if that memecoin will bring in the 100X then we all love dogs. The higher the MC, the more loveable the dog breed becomes.

Alright, just to end this long screaming and go back to something more beneficial to society, I’d have loved to put some words in for everyone hustling for the Lambo money. But since Elon Musk called crypto a ‘hustle’ on SNL, things have never been the same. So, whether we go to the moon or remain here with the stars, it is important to have a place in your heart for the real technology and the real builders in this space…like Vitalik when he’s not on a Fashion show. True nerd, that one. Five more of that and we could be three steps closer to the Satoshi vision. But it’s fine, we are still good with all the Ben Armstrongs we have now. And Ben is ending his infamous crypto livestream. The only outcome is more enterprises like this rising to fame. All good, y’all stay safe.

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02/02/2024
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
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
Transform your crypto investment with DexCheck’s Telegram Bots.

DexCheck Telegram bot is a suite of trading tools you can operate from your Telegram messaging application. The bot is available for Mobile and Desktop versions of Telegram Messenger. Telegram trading bots are not a thing in crypto and you can find a number of them with little research, but the functionalities and accuracy could differ.

I have been doing a continuous study on DexCheck and writing about my experience so far. The Telegram bot has been a handy one, for anyone trying out DexCheck’s Telegram Bot, here’s a detailed guide on how to use the features. Note that this article isn’t exhaustive of the Telegram bot application.

Here are some of the features we will be trying out

● The DexCheck Multi-wallet crypto Trading bot

● DexCheck crypto wallet tracker bot

● Smartfolio bot

● The DexCheck Token Scanner bot

First, set up the Telegram Bot

How to setup the DexCheck Telegram Bot

The Telegram Bot can be easily accessed from the DexCheck application or using the direct link to the bot.

● Here’s the Direct link to the Multi-wallet Trading bot: https://t.me/DexCheckTradingBot

● Here’s the Direct link to the crypto Wallet tracker bot: https://t.me/DexCheckWalletBot

● Here’s a link to the Smartfolio bot: https://t.me/thesmartfolio_bot

● Here’s the Direct link to the token scanner bot: https://t.me/DexCheckScanner

If you are using the project’s website, Click here to visit the Telegram Bot section on the Platform.

Here you can find all available Telegram Bots by DexCheck.

From the featured bots, select a desired bot. Click on the bot to proceed.

This opens a dialog on your browser, Click Send Message to open the Telegram Messenger.

On Telegram, Click Start to start interacting with the Bot.

How to use the DexCheck Multi-wallet Trading Bot

The Trading Bot is an integrated and simplified bot for traders who seek a more comfortable way to run their trading activities. The trading bot connects to decentralized exchanges to execute buy and sales for coins and tokens.

The DexCheck trading bot also have limit order functionalities, you can set up a complete conditional sale or buy order from your Telegram messengers.

To use the DexCheck trading Bot

Click https://t.me/DexCheckTradingBot to Message the Trading bot

Click start to continue

Select a network

The bot provides you with three wallet addresses. You have the option to use any of them for your trades.

You can also export the wallets or import your old wallet to the Telegram Bot.

To export/import wallet click Settings.

Click Import Wallet to add an existing wallet to the bot

Click Private Keys to see your wallet keys.

You can export the wallets using the private keys

Trading with DexCheck Telegram Bot

Fund your wallet by transferring BNB to the provided wallet address

To make a purchase,

Click Buy tokens from the menu

Click on the wallet to select the wallet you are trading from

Set the amount of BNB you are spending on the trade by selecting any of the options, you can set a custom amount by clicking Custom.

Set the slippage

Click Enter Token Address to enter the smart contract address of the token you wish to buy.

The Bot proceeds to execute the trade

To Sell a token

Click Sell Tokens from the Menu

The bot presents a menu.

Set the trade details from the menu

Click select Token to sell.

The bot presents a list of tokens in your wallet(s).

Enter the line number of the token you wish to sell and send.

The bot executes the sell order.

How to set up limit order trades using DexCheck Telegram bot.

Click Buy Limit or sell limit from the menu

Set up the trading conditions including the asset you wish to trade, percentage of your portfolio you wish to trade, the conditions for the trade (percentage increase or decrease) and the lifetime of your order (time for expiration)

To transfer assets from your Telgram bot Wallet to other another wallet

Click Transfer BNB

Set the wallet you are sending to.

If you are sending to an external wallet, Click Customto enter the wallet address

Set the amount you wish to send

Click Send Transfer to complete

PnL Analysis

You can also see a breakdown of your profit and loss using the bot.

To do this, click PnL Analysis from the main menu

The bot shows a list of the assets you have traded and the PnL in BNB

You can also generate a picture to share with your peers or audience by clicking Share.

Enter the line number of the asset for which you wish to share a PnL analysis.

You can now download the image from the bot

How to check your token balances

To see your bot token balances, click Token Balances from the main Menu

The bot presents a list of tokens held in your wallets

How to use the DexCheck crypto Wallet tracker bot

DexCheck Wallet tracker keeps you notified of transactions from a specified wallet. It allows you to set up a desired wallet and screen every transaction from the provided wallet. Wallet tracking is an important part of investment research. As a cryptocurrency investor, track other investors’ wallets and run your trades from information obtained from their operations.

For instance; if you just discovered a trader with a high success rate on their trades, you can set up the Telegram bot to follow up on their trades and keep you updated on their subsequent moves. You can now copy their trades easily.

Another use for wallet trackers is to follow up on labeled or suspicious accounts. This comes in handy if you wish to track the movement of a specific asset from the wallet. The DexCheck Telegram bot is able to narrow down your tracking operation to single networks and a specific asset. DexCheck wallet tracker supports 10 networks including Ethereum, BSC, and Arbitrum. It can track up to 20 wallets.

From the Crypto whale tracker on the Platform, I researched some whales with winning trades on Uniswap (Eth and Arbitrum) and Pancake Swap and I’m tracking their trades using the bot.

Here’s how to set up the Telegram wallet tracker

Click https://t.me/DexCheckWalletBot to message the bot

Click Start to continue.

Click Subscribe Address to add the wallet you wish to track

Enter the wallet address and send to add.

Now the wallet is added, you can add a tag to the wallet for Identification

Click Yes, and set a name for the Address.

You can access the bot menu by clicking Menu from the left side of your screen

To add another address, click Menu and select Subscribe address .

To tag a wallet, click Menu and select Add tag to address.

The setup is done, the bot now tracks trading activities from the wallet across the 20 supported networks. When the wallet executes a trade, you will receive a push notification on your device with details of the trade.

You can also visit your chat with the bot to see the complete details.

To stop tracking a wallet, click Menu and select Unsubscribe address .

Enter the wallet address you wish to stop tracking and send to complete

How to use the DexCheck SmartFolio bot

The Smartfolio bot is an optimized asset tracker and management bot developed by DexCheck to help investors keep a check on the assets they are invested in from the comfort of their Telegram messenger. You can import your wallet to the bot or add the assets manually to allow the bot to track them. Here’s how to use the smartfolio bot

Click https://t.me/thesmartfolio_bot to message the bot.

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 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 Portfoliofrom 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.

The DexCheck token Scanner Bot

The Token Scanner bot is the Sniper bot in development. Currently, the bot scans decentralized exchanges for new tokens and alerts users. When the Sniper bot is finally deployed, users will be able to quickly trade (Snipe) these new tokens and make profits by moving before the rest of the market.

How to use the Scanner Bot

Click https://t.me/DexCheckScanner to interact with the Bot

Click Join Channel to continue.

The Bot now updates you with newly added tokens. When the Sniper bot it deployed, you can quickly trade these new tokens by clicking Snipe token .

Closing Thoughts

As financial operations advance, they get even easier. DexCheck’s Telegram Bots make managing cryptocurrency investments as easy as Texting a pal from your messaging application. But this is just out of the numerous advantages it offers. The automation and the ability to run even more advanced operations with minimal effort and maximum accuracy are at the top of the benefits. DexCheck offers vast options in this space.

For investors whose regular investment procedure involves studying other investors and following their moves, the wallet tracker ensures you don’t miss out on any important move. With vast options to select from, every investor can find a DexCheck Telegram bot that works for them and use it.

Having said this, it is important to understand how these bots work and how to use them, we have gone through the processes in this article. You can post any questions you may have in the comment section.

For more information on DexCheck, here are some leads.

My previous post on DexCheck

See the latest updates on X

Available utilities on the DexCheck Platform

Join the Telegram community

23/10/2023
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