#crypto trading volumes

[usa-journal]

Changpeng Zhao

Changpeng “CZ” Zhao is the Founder and Chief Executive Officer of Binance, the largest cryptocurrency exchange in the world by volume. Prior to Binance, he developed futures trading software for Bloomberg Tradebook. In 2005, he founded a trading system for brokers known as Fusion Systems, and in 2013 he briefly served as Chief Technology Officer for OKCoin. In 2015 he created BijieTech, which provided cloud-based trading technology to several Asian exchanges; and two years later, when he founded Binance, he filled many of the senior positions with BijieTech senior developers and engineers.

In 2021, Binance saw its share of spot-market crypto trading volumes increase to 69%, up from 49% the previous year, and earned an estimated $14.6 billion in trading fees. As of April 5, 2022, Zhao is the 19th richest person in the world, with a net worth of $65 billion. In a November 2021 interview, he said he plans to donate up to 99% of his wealth. He majored in Computer Science at McGill University.

[signode-blog]

Effective Trading Strategies Using the Double Top Pattern

Understanding the Double Top Pattern The Double Top pattern is a classic chart formation widely recognized in technical analysis. It typically signals a potential reversal in an uptrend, indicating that the market might shift from bullish to bearish sentiment. This pattern comprises two distinct peaks of similar height, separated by a trough. The key components of a Double Top include: Two…

[bitcoinversus]

Bitcoin ETF Trading Volume Reaches Record $6.9 Billion

On November 11, 2024, total spot Bitcoin exchange-traded fund (ETF) trading volume reached an unprecedented $6.9 billion, reflecting a surge in investor interest and market activity. This milestone underscores the growing acceptance of Bitcoin ETFs as a mainstream investment vehicle. BlackRock’s iShares Bitcoin Trust (IBIT) led the market, recording over $4.1 billion in daily trading volume.…

[crypto195]

Best Platforms for Low-Volume Crypto Exchanges You Can Trust

Best Crypto Exchanges for Low-Volume Traders: Best Picks Sure, we've all heard the stories of overnight fortunes, but not everyone in the crypto sphere is swimming in millions. In fact, many users are just dipping their toes into these digital waters, preferring to swap in lower volumes as they get a feel for the market. The good news? There are exchanges out there that totally get it, offering tailored experiences for those just starting out or preferring a more cautious approach. The platforms listed down below are proof that you don't have to be a high roller to make the most of crypto. ChangeNOW Low-volume traders, listen up! ChangeNOW might just be the platform for you. For starters, it boasts speedy transactions, typically taking only 2-5 minutes, and you’ll need as little as $2 to get started. And since it’s a non-custodial platform, there is no need to verify and register an account to exchange your cryptos.

To Know More- low-volume crypto trading

[dencyemily]

SHIB's Steadfastness in the Face of Market Turbulence: What Lies Ahead for Shiba Inu?

The crypto market's dynamism is on full display with the recent performances of Bone (BONE), Doge Killer (LEASH), and Shiba Inu (SHIB). Bone has demonstrated impressive resilience, witnessing a 24% surge in the last 7 days, though it experienced a slight 4% decline to $0.001999. Meanwhile, Doge Killer, with its quirky niche presence, maintains its unique stance, exhibiting a 2.1% increase in the last 24 hours, trading at $285.72. Shiba Inu, the meme-inspired token, maintains its allure despite a minor 1.16% price dip to $0.059634 in the last 24 hours.

This trio's diverse performances highlight the volatility inherent in the crypto world. Investors are advised to approach these markets cautiously, conducting thorough research before engaging in these rapidly changing dynamics. As these tokens continue to make waves, the crypto community remains on alert, navigating the unpredictable landscape of opportunities and risks.

[probablyasocialecologist]

“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.

[...]

The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.

[cryptoschmypto]

Here Is A List Of The Most Common Trading Indicators

In trading, an indicator is a statistical measure of market conditions used to forecast price changes. These are some of the most commonly used trading indicators, which are typically available on trading platforms like KuCoin: Simple Moving Average (SMA): An average of the price over a certain number of periods (like days or hours). The formula for SMA is (A1+A2+A3…+An)/n, where A is the asset…

[blueiscoool]

Maurizio Cattelan Comedian

Banana and duct tape. Executed in 2019, this work is number 2 from an edition of 3 plus 2 artist’s proofs.

Duct-Taped Banana Artwork Sells for $6.2M

Maurizio Cattelan's provocative artwork of a banana duct-taped to a wall has fetched $6.2m (£4.9m) at Sotheby's in New York - four times higher than pre-sale estimates.

The auction house says Chinese cryptocurrency entrepreneur Justin Sun outbid six other rivals to get the "Comedian" installation of the Italian visual artist on Wednesday.

"In the coming days, I will personally eat the banana as part of this unique artistic experience," Mr Sun was quoted as saying.

The taped banana - now perhaps one of the most expensive fruits ever sold - was actually bought earlier in the day for a mere $0.35, according to the New York Times.

"Comedian" was first unveiled to the public in 2019, instantly becoming a viral sensation and also provoking heated debates about what art is.

The installation - which has travelled around the world - comes with instructions on how to replace the banana whenever it rots.

In fact, the fruit has been eaten not once, but twice.

In 2023, a South Korean art student helped himself when the installation went on display at Seoul's Leeum Museum of Art.

The museum later placed a new banana in the same spot, local media reported.

Four years earlier, a performance artist pulled the banana from the wall after the artwork was sold for $120,000 at Art Basel in Miami.

The banana was swiftly replaced, and no further action was taken.

Justin Sun runs the Tron blockchain network, which facilitates some cryptocurrency transactions. Last year the US Securities and Exchange Commission accused him of fraud, saying he had falsely inflated trading volumes of TRX, Tron’s crypto token. Mr Sun denies the charges.

By Jaroslav Lukiv.

[mariacallous]

The price of bitcoin went over $100,000 for a few hours on Dec. 5, peaking at $103,400. The financial press can’t resist constructing a hand-waving story of market forces, so bitcoin going past $100,000 has been attributed to a market reaction to President-elect Donald Trump’s lining up a slate of pro-cryptocurrency cabinet, advisory, and regulatory picks after the crypto industry put more money into funding Republican candidates in this last election cycle than anyone had previously put into an election in history.

But crypto trading is thin and almost entirely unregulated—perfect conditions for commodity market manipulation. The public image of cryptocurrency is still shaped by the 2023 trial of Sam Bankman-Fried of the failed FTX crypto exchange, culminating in his conviction—and not to mention the hangover from the NFT fiasco. Crypto is seen as the domain of cheap scammers. Ordinary people are not flocking into crypto.

Coincident with the bitcoin price news was the collapse of the Hawk Tuah crypto token. Haliey Welch, who told an oral sex joke that went viral on YouTube, leveraged her momentary fame into a career as an influencer and podcaster. This culminated in the meme-coin cryptocurrency $HAWK, marketed entirely on amusement value, which crashed on launch in what looked very like a pump-and-dump—tokens were dumped on ordinary buyers soon after launch, crashing the price.

Welch denied that insiders had dumped her token and blamed automated snipers who bought the token the moment it was released, then dumped immediately. The Hawk Tuah-token fiasco only strengthened crypto’s image as a place where fools lose their money being foolish.

The price of bitcoin has recovered since the November 2021 peak of the last bubble—but actual-dollar retail trading volumes have not. Coinbase’s retail trading volumes are $127 billion so far in 2024—much better than 2023’s $75 billion, but nothing like the 2021 bubble’s $545 billion.

Bitcoin remains a strangely useless asset that doesn’t do anything. All you can do with it is buy, sell, or hold. The only use for cryptocurrency other than pure zero-sum speculation is bitcoin’s original use case: evading regulations, most often for illegal purchases, money laundering, or dodging sanctions. One might be justified in evading some regulations in some cases—but most are there for good reason.

The largest actual-U.S.-dollar crypto exchange is Coinbase. But price discovery takes place at the venue with the largest trading volume: the offshore exchange Binance. This exchange admitted a string of money laundering offenses in 2023, was fined over $4 billion, and was placed under stringent compliance monitoring by the U.S. Department of Justice and FinCEN.

But the Binance trading floor itself remains an unregulated free-for-all as long as U.S. entities are not caught trading there. Every market manipulation that would be illegal in the United States happens at Binance and similar unregulated, offshore floating crypto casinos—wash trading, flash crashes, delayed settlements, spoofing, and the exchange trading against its own customers.

Bitcoin trading volume is substantially against two dubious U.S.-dollar stablecoins: tether and FDUSD. These are minted in round billions at a time. It is frankly not plausible that anyone put billions of U.S. dollars into tethers or FDUSD to buy bitcoins on an offshore exchange with above-board intentions. They could have just used the money to buy bitcoins directly at a U.S.-dollar crypto exchange or, safest of all, to buy bitcoin ETF shares from any securities broker. The purpose of buying billions of tethers is to manipulate the price of bitcoin.

Each stablecoin is supposedly backed by a U.S. dollar held in a bank account—except when it isn’t. Tether Inc. has long created tethers out of thin air as loans, with the listed backing asset being the loan itself. Banks do this, too, but banks are regulated. Eighteen billion tethers have been created just since Trump’s election on Nov. 5, bringing the total issuance to 135 billion. How far could you pump the price of bitcoin with 18 billion instant pseudo-dollars?

The other use case for tethers is crime. Zeke Faux’s Number Go Up details the value of tethers as a dollar substitute for those too crooked to get dollars—it’s the favored currency for “pig-butchering” romance scams run by human traffickers. The U.K. National Crime Authority and the U.S. Treasury recently cracked an international money-laundering ring that used tethers to serve drug dealers, ransomware groups, Russian espionage operations, and sanctioned entities; the NCA called tether, not bitcoin, the “cryptocurrency du jour.” The news of the bust came out just before bitcoin hit $100,000. Tether-fueled bitcoin pumps seem to coincide with bad news mentioning tethers.

Tether Inc. is sensitive to the criminal use case for its coin and frequently freezes tainted tethers on the requests of the Office of Foreign Assets Control and FinCEN—but only after the fact. This requires Tether Inc.’s operations to be much more organized than they have been previously—such as during the years when the reserve was tracked, not in proper accounts but in a shared spreadsheet that was often out of date. Despite its compliance efforts, Tether Inc. is the subject of an ongoing federal criminal investigation by the Manhattan office of the Southern District of New York into possible anti-money-laundering and sanctions failures.

Tether Inc. has worked to mend its reputation in the corridors of power. The company does not operate in the United States, but it does keep much of the cash portion of its reserve in U.S. Treasury bills. These are custodied by Cantor Fitzgerald, whose CEO, Howard Lutnick, wanted to become Trump’s new Treasury secretary and will be brought in for commerce. Cantor Fitzgerald recently bought a share in Tether Inc.

After the crypto industry’s success with directing unheard-of quantities of campaign funding to the cause of electing Trump, we should anticipate further such attempts to curry favor. The Trump family’s own crypto project, World Liberty Financial, was set to fail until crypto entrepreneur Justin Sun, proprietor of offshore crypto exchange HTX, dived in and bought $30 million of its WLFI coin—taking World Liberty over the threshold so Trump would get a $15 million payout from the project.

Sun is given to flashy stunts, like purchasing Maurizio Cattelan’s duct-taped banana artwork Comedian (with cryptocurrency) and then eating the banana on stage. These give the media something to talk about other than Sun’s legal and regulatory issues, most recently the U.S. Securities and Exchange Commission’s ongoing suit against Sun for securities violations. Sun looks forward to a more “friendly” U.S. crypto market under the new administration, with the pro-crypto Paul Atkins as Trump’s planned SEC chair.

One of the greatest channels for payback to his crypto allies may be Trump’s proposal at the Bitcoin 2024 conference in June for a U.S. strategic bitcoin reserve, apparently on the basis that the nation needs a store of this speculative commodity largely used for crime. Trump originally proposed that the government hold onto bitcoins that had been seized as proceeds of crime, rather than sell them off.

The current proposal to bolster crypto is Senator Cynthia Lummis’ Bitcoin Act of 2024, in which the Treasury and the Federal Reserve would buy 200,000 bitcoins each year for five years. The U.S. government would become the bitcoin holder of last resort, and the beneficiaries would be the crypto industry—and not ordinary Americans.

The incoming U.S. administration wants to clear “experts” from the bureaucracy. If the incoming executive branch wants crypto to operate freely, it will do its best to force crypto through and remove all possible impediments. Crypto’s perennial issues with fraud and impoverishing retail investors, and regulator’s fears of the risk of contagion from crypto to the wider economy, are likely to be glossed over so as to ensure market opportunities for administration insiders.

But in the end, gravity still works, and a balloon can be inflated only so much. The bitcoin bubble is an artifact of market manipulation and has no more economic substance than the Hawk Tuah coin does. The U.S. government may be ripe for plunder, but other nations need to take steps to shield themselves from the impact of rug-pulling on a global scale.

[jrahlly-blog]

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[oliverethanrobin]

Crypto Exchange API Integration: Simplifying and Enhancing Trading Efficiency

The cryptocurrency trading landscape is fast-paced, requiring seamless processes and real-time data access to ensure traders stay ahead of market movements. To meet these demands, Crypto Exchange APIs (Application Programming Interfaces) have emerged as indispensable tools for developers and businesses, streamlining trading processes and improving user experience.

APIs bridge the gap between users, trading platforms, and blockchain networks, enabling efficient operations like order execution, wallet integration, and market data retrieval. This blog dives into the importance of crypto exchange API integration, its benefits, and how businesses can leverage it to create feature-rich trading platforms.

What is a Crypto Exchange API?

A Crypto Exchange API is a software interface that enables seamless communication between cryptocurrency trading platforms and external applications. It provides developers with access to various functionalities, such as real-time price tracking, trade execution, and account management, allowing them to integrate these features into their platforms.

Types of Crypto Exchange APIs:

REST APIs: Used for simple, one-time data requests (e.g., fetching market data or placing a trade).

WebSocket APIs: Provide real-time data streaming for high-frequency trading and live updates.

FIX APIs (Financial Information Exchange): Designed for institutional-grade trading with high-speed data transfers.

Key Benefits of Crypto Exchange API Integration

1. Real-Time Market Data Access

APIs provide up-to-the-second updates on cryptocurrency prices, trading volumes, and order book depth, empowering traders to make informed decisions.

Use Case:

Developers can build dashboards that display live market trends and price movements.

2. Automated Trading

APIs enable algorithmic trading by allowing users to execute buy and sell orders based on predefined conditions.

Use Case:

A trading bot can automatically place orders when specific market criteria are met, eliminating the need for manual intervention.

3. Multi-Exchange Connectivity

Crypto APIs allow platforms to connect with multiple exchanges, aggregating liquidity and providing users with the best trading options.

Use Case:

Traders can access a broader range of cryptocurrencies and trading pairs without switching between platforms.

4. Enhanced User Experience

By integrating APIs, businesses can offer features like secure wallet connections, fast transaction processing, and detailed analytics, improving the overall user experience.

Use Case:

Users can track their portfolio performance in real-time and manage assets directly through the platform.

5. Increased Scalability

API integration allows trading platforms to handle a higher volume of users and transactions efficiently, ensuring smooth operations during peak trading hours.

Use Case:

Exchanges can scale seamlessly to accommodate growth in user demand.

Essential Features of Crypto Exchange API Integration

1. Trading Functionality

APIs must support core trading actions, such as placing market and limit orders, canceling trades, and retrieving order statuses.

2. Wallet Integration

Securely connect wallets for seamless deposits, withdrawals, and balance tracking.

3. Market Data Access

Provide real-time updates on cryptocurrency prices, trading volumes, and historical data for analysis.

4. Account Management

Allow users to manage their accounts, view transaction history, and set preferences through the API.

5. Security Features

Integrate encryption, two-factor authentication (2FA), and API keys to safeguard user data and funds.

Steps to Integrate Crypto Exchange APIs

1. Define Your Requirements

Determine the functionalities you need, such as trading, wallet integration, or market data retrieval.

2. Choose the Right API Provider

Select a provider that aligns with your platform’s requirements. Popular providers include:

Binance API: Known for real-time data and extensive trading options.

Coinbase API: Ideal for wallet integration and payment processing.

Kraken API: Offers advanced trading tools for institutional users.

3. Implement API Integration

Use REST APIs for basic functionalities like fetching market data.

Implement WebSocket APIs for real-time updates and faster trading processes.

4. Test and Optimize

Conduct thorough testing to ensure the API integration performs seamlessly under different scenarios, including high traffic.

5. Launch and Monitor

Deploy the integrated platform and monitor its performance to address any issues promptly.

Challenges in Crypto Exchange API Integration

1. Security Risks

APIs are vulnerable to breaches if not properly secured. Implement robust encryption, authentication, and monitoring tools to mitigate risks.

2. Latency Issues

High latency can disrupt real-time trading. Opt for APIs with low latency to ensure a smooth user experience.

3. Regulatory Compliance

Ensure the integration adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.

The Role of Crypto Exchange Platform Development Services

Partnering with a professional crypto exchange platform development service ensures your platform leverages the full potential of API integration.

What Development Services Offer:

Custom API Solutions: Tailored to your platform’s specific needs.

Enhanced Security: Implementing advanced security measures like API key management and encryption.

Real-Time Capabilities: Optimizing APIs for high-speed data transfers and trading.

Regulatory Compliance: Ensuring the platform meets global legal standards.

Scalability: Building infrastructure that grows with your user base and transaction volume.

Real-World Examples of Successful API Integration

1. Binance

Features: Offers REST and WebSocket APIs for real-time market data and trading.

Impact: Enables developers to build high-performance trading bots and analytics tools.

2. Coinbase

Features: Provides secure wallet management APIs and payment processing tools.

Impact: Streamlines crypto payments and wallet integration for businesses.

3. Kraken

Features: Advanced trading APIs for institutional and professional traders.

Impact: Supports multi-currency trading with low-latency data feeds.

Conclusion

Crypto exchange API integration is a game-changer for businesses looking to streamline trading processes and enhance user experience. From enabling real-time data access to automating trades and managing wallets, APIs unlock endless possibilities for innovation in cryptocurrency trading platforms.

By partnering with expert crypto exchange platform development services, you can ensure secure, scalable, and efficient API integration tailored to your platform’s needs. In the ever-evolving world of cryptocurrency, seamless API integration is not just an advantage—it’s a necessity for staying ahead of the competition.

Are you ready to take your crypto exchange platform to the next level?

[wgscoin]

A Beginner's Guide to Cryptocurrency Sentiment Analysis for Maximizing Profits

Emotions are a natural aspect of existence, directing many of our decisions, whether as humans or in animals. These emotional choices don't always work out as planned, but they frequently have unanticipated consequences. Financial decisions that are driven by emotions can have serious repercussions, particularly in the cryptocurrency market. This blog examines the significance of sentiment research in cryptocurrency trading, demonstrating how monitoring public sentiments can provide traders with an advantage in a chaotic market.

Sentiment Analysis

Sentiment analysis is a computer approach for detecting and categorizing emotions and opinions conveyed in textual data. Using this method, one may parse text to ascertain if a message is positive, negative, or neutral. 

Sentiment analysis helps in comprehending the views, attitudes, and responses of the public toward a range of subjects, goods, or occasions by examining and interpreting the emotional tone of written text. To obtain insights into consumer feelings and industry trends, it is commonly utilized in domains including financial analysis, social media monitoring, and market research.

Crypto-Related Sentiment Analysis

Sentiment research is essential for comprehending and forecasting market activity in the cryptocurrency space. This is how it's relevant:

News and Social Media Impact: Sentiment analysis monitors the voice of news stories, tweets, and forum comments to determine how the general population feels about cryptocurrency. This aids in determining the potential impact of current affairs and social media trends on market values.

Sentiment Indicators for the Market: Traders can discern bullish (positive) or bearish (negative) movements by assessing the general sentiment. An increase in favorable attitudes toward a cryptocurrency, for example, may portend an impending price increase.

Early Warning Signals: By examining abrupt alterations in public opinion or sentiment patterns, sentiment research can offer early alerts of impending market shifts or reversals.

Investor insights: By assessing the general sentiment of the market, traders and investors may make more informed judgments about their trading tactics.

How Sentiment Analysis Works in Crypto?

1. Data Sources for Sentiment Analysis

A. Social Media Platforms

These platforms provide a real-time gauge of popular sentiment. Sentiment research tools may detect trends early on and provide a clear picture of the market mood by examining posts, comments, and hashtags. Examples: Facebook, Twitter, Reddit. 

B. News Sources:

Information about current affairs and events impacting the market may be found in reports and news articles. One approach to track how the public's perception of the present is evolving and how this is impacting market behavior is to keep an eye on the tone of news items. Websites featuring financial news and cryptocurrency news portals are two examples.

C. Community Conversations and Forums:

Forums and discussion boards can be used as a proxy for the community's atmosphere. They give a comprehensive examination of in-depth discussions and opinions from cryptocurrency enthusiasts, providing illuminating details on the overall mood of the market. The specialized Bitcoin forums CryptoCompare and Bitcointalk are two examples.

D. On-Chain Data for Market Trends:

On-chain data provides insight into the inner workings of the market. Sentiment research provides a more comprehensive understanding of market dynamics by revealing hidden trends and investor behaviors via the examination of transaction patterns and wallet movements. As an illustration: Blockchain data, transaction volumes, wallet activity.

2. Sentiment Indicators

A. Fear and Greed Index:

This index measures the amount of fear and greed in the market. It is a barometer of mood. It provides a quick glimpse into the psychology of the market by combining elements including volatility, market momentum, and emotion on social media. Severe anxiety or avarice frequently portends important shifts in the market.

B. Bullish/Bearish Sentiment Indicators:

These indicators measure the ratio of bullish (positive) to bearish (negative) sentiment. They provide hints for forecasting future price movements and market shifts and assist in determining whether the market is bought by optimism or burdened by pessimism.

Methods of Conducting Crypto Sentiment Analysis

Manual Sentiment Analysis: Hand-reading textual data from news articles, tweets, Reddit posts, and forums allows individuals to interpret sentiment, considering context and tone, providing nuanced understanding, and capturing subtleties that automated tools might miss.

Automated Sentiment Analysis: The tool uses Natural Language Processing and machine learning algorithms to analyze text data, categorize sentiment as positive, negative, or neutral, and is efficient, scalable, and consistent in applying sentiment rules.

Natural Language Processing (NLP): The AI branch enables interaction between computers and human language using Natural Language Processing (NLP) techniques to extract sentiment, identify patterns, and handle diverse linguistic styles, enhancing understanding.

Machine learning algorithms: Labeled datasets are used to train algorithms for sentiment classification, often using supervised learning techniques. These models can adapt and improve over time, delivering high accuracy with well-trained models.

Sentiment Analysis Tools and Platforms: Specialized software and platforms analyze sentiment data from various sources, providing dashboards and reports for market tracking. User-friendly interfaces and pre-built algorithms simplify sentiment analysis without technical expertise.

Is Sentiment Analysis the Key to Crypto Success?

Early Detection of Market Trends: Traders can predict market movements by using sentiment research to identify trends early on. Through the surveillance of public opinion on various platforms, traders may adopt calculated positions to optimize profits or minimize losses.

 Enhanced Decision Making: Sentiment analysis enhances traditional analysis by providing insights into public opinion and behavior, adding a psychological dimension to market conditions. Combining sentiment with other methods allows traders to make informed decisions, with real-life case studies demonstrating its predictive power.

Risk Management: Sentiment analysis aids traders in avoiding emotional decisions influenced by hype or fear, enabling them to stay calm during market volatility, preventing impulsive actions that could lead to losses, as well as avoiding FOMO and other emotional trading pitfalls. Bottom Line 

Let's take a look at Wagescoin (WGS), a cryptocurrency that rewards users for participating in activities and adding value to the network, to demonstrate how sentiment analysis may be used. Sentiment data about Wagescoin from social media, news, and forums may be analyzed to determine how people feel about the project as a whole, spot possible buy/sell opportunities, and make wise trading decisions.

Crypto sentiment research is a useful tool for identifying market trends and making sound trading decisions. Through the examination of public opinion on social media, news sites, and discussion boards, traders can learn more about the psychological factors influencing price fluctuations.

Sentiment analysis should not be used in isolation, even if it can supplement technical or fundamental research and offer early insights.

Traders should integrate sentiment insights with more comprehensive market data and research for the best outcomes. Sentiment research has the potential to improve strategic decision-making and aid in navigating the unstable cryptocurrency market when applied appropriately.

For More Info:

Website :  https://wgscoin.com/  

Telegram : https://t.me/wagescoin

TikTok : www.tiktok.com/@wagescoin 

[dencyemily]

Ethereum's Soaring Ascent: Smart Whale's $31.1M Binance Maneuver Yields $2.2M in Profits

The recent Ethereum (ETH) breakout has garnered attention, with a strategic move by a savvy investor, the smart whale with the address 0xb82bc321850ccd550394f413800ef4e0bef4901f, taking center stage. This investor's impeccable market timing was showcased through a substantial deposit of 12,219 ETH, equivalent to $31.1 million, into Binance. The move resulted in a remarkable $2.2 million profit just before a market dip approximately 20 hours ago.

Spot On Chain, a prominent analytics platform, revealed the strategic $31.1 million Ethereum move on Binance. The smart whale's meticulous timing of the deposit at an Ethereum price of around $2,547 contributed to an overall profit from ETH trading amounting to $7.79 million, reflecting an impressive gain of 8.8%.

With a win rate of 75%, the smart whale secured three successful trades out of four, demonstrating insightful decision-making. The investor's ability to swiftly move ETH out before the market downturn, employing stop-loss tactics to safeguard gains, showcased insider-like instincts.

Crypto Rover, a seasoned crypto analyst, predicted sustained momentum for Ethereum in a recent tweet. Ethereum's current trading value at $2,512.90 reflects a robust 12.90% surge over the past seven days, solidifying its position as the second-largest cryptocurrency by market capitalization, valued at $302,001,832,603.

Despite a marginal dip of -1.54% in market cap, Ethereum's trading volume remains robust at $9,983,052,494 over the last 24 hours. Technical indicators point toward a bullish trend for Ethereum, with a Volume/Market Cap ratio of 3.31%, indicating strong liquidity and investor interest. According to Crypto Rover, this breakout is just the beginning, signaling potential for further gains in the days ahead.

This strategic move by the smart whale and Ethereum's robust performance position the cryptocurrency as a frontrunner in the current market landscape. As the crypto market evolves, investors are advised to stay informed through reliable analytics platforms like Spot On Chain and follow experienced voices such as Crypto Rover to effectively navigate the dynamic terrain.

[sokowachi]

How the Trust Score on STON.fi Transformed My Crypto Trading

If you’ve been in the crypto world for a while, you probably know how overwhelming it can be. With thousands of tokens in circulation, choosing the right one to invest in can be daunting. Over time, I realized that relying on hype and gut feelings wasn’t the best approach. That’s when I discovered the Trust Score on STON.fi, and it completely changed how I trade. Let me tell you why.

What is the Trust Score

Simply put, the Trust Score is a rating system that helps traders like us make informed decisions about tokens on STON.fi. It looks at several important factors like:

Trading volume: How much activity is happening with a token.

Price fluctuations: How stable or volatile the token is over time.

Liquidity: How easily you can buy or sell a token without affecting its price.

Minting potential: The risk of new tokens being created, which can impact the token's value.

The Trust Score gives each token a percentage rating based on these factors, so you can easily see how healthy or risky a token might be.

Why Does It Matter

When I first started trading crypto, I was easily swayed by the latest trends or what others were talking about online. But soon, I realized that many of those "hot" tokens didn’t have strong fundamentals. They were just popular for a moment.

The Trust Score helped me avoid these quick hype cycles. Instead of just chasing the latest token, I started using the Trust Score to assess whether a token was genuinely worth my time. If a token had a high Trust Score, it meant it was backed by solid data. If it had a low score, it raised a red flag for me.

How the Trust Score System Changed My Strategy

Using the Trust Score has completely shifted how I approach crypto trading. Here’s how:

1. It saves time: Instead of spending hours researching every token I’m interested in, I can quickly check the Trust Score. If the score is good, it tells me the token is worth looking into more.

2. It helps reduce risk: When I see a token with a low Trust Score, I now know that there are probably some underlying issues with it. This helps me avoid risky investments and focus on more stable options.

3. It highlights opportunities: I’ve discovered some of my best trades by looking at tokens with high Trust Scores that weren’t trending. These hidden gems often have strong fundamentals that others might overlook.

Real-Life Example of How Trust Score Helped Me

There was one time when a new token was getting a lot of attention on social media. Everyone seemed to be talking about it, and the FOMO hit me hard. But when I checked the Trust Score, I saw that the liquidity was low, and the price was highly volatile. Instead of rushing in, I decided to pass on it. A few weeks later, the price had dropped significantly. I was glad I trusted the data rather than the hype.

On the other hand, I found another token with a solid Trust Score that wasn’t getting much attention. After doing a little more research, I saw it had great potential. I invested, and the price steadily rose over the following months.

Why Trust Score Works for Everyone

What I love about the Trust Score system is that it’s simple enough for anyone to use. Whether you’re new to crypto or an experienced trader, you can easily look at the Trust Score and get a sense of whether a token is a good investment. For beginners, it’s a straightforward way to get a sense of a token’s stability. For experienced traders like me, it serves as another useful tool to confirm or challenge our decisions.

How Trust Score Helps the Crypto Ecosystem

The more people who use the Trust Score system, the better it is for the entire crypto ecosystem. By relying on data, rather than just hype, we all help create a more transparent, trustworthy market. As more traders use tools like the Trust Score, we can collectively reduce market manipulation and increase the overall stability of the market.

Final Thoughts

Crypto trading is unpredictable, and the risks are high. But by using the Trust Score system on STON.fi, I’ve been able to make smarter, more informed decisions. It’s helped me avoid bad investments, find promising tokens, and most importantly, trade with more confidence.

If you haven’t already, I highly recommend giving the Trust Score a try. It’s not a guarantee of success, but it’s a tool that has certainly made my trading journey easier and less stressful. How do you make your trading decisions? I’d love to hear your thoughts on how you assess tokens and whether the Trust Score system has helped you too.

[obanicrypto]

Understanding Liquidity Pools: A Simple Guide for Beginners

If you're just starting to explore the world of cryptocurrency, you’ve probably heard the term liquidity pool tossed around. But what does it really mean? How does it affect your ability to trade or earn in the crypto space?

Let’s break it down and explore this concept in a simple and relatable way, so you can better understand how liquidity pools work and why they matter in the world of decentralized finance (DeFi).

What is a Liquidity Pool

Imagine a large community market where you can trade apples for oranges. You don’t need to wait for someone else to have exactly what you want. The apples and oranges are always available because the market has stocked them in equal amounts.

This is very similar to how liquidity pools function. A liquidity pool is like a digital reservoir that holds two different cryptocurrencies, or tokens, in equal value. These tokens are ready for trading at any time, which means you don’t have to wait for someone to sell their tokens before you can buy. It’s as if the market is always ready to make a trade.

Who Provides the Tokens in the Pool

Now, you might be wondering, “Where do these tokens come from?” The answer: liquidity providers.

Liquidity providers are like the individuals or businesses that stock the market’s shelves. They deposit their own tokens into the liquidity pool to keep things running smoothly. Why would they do this? Because they get rewarded.

Every time someone trades through the pool, liquidity providers earn a small fee. For example, on platforms like STON.fi, liquidity providers earn 0.2% of each transaction. This is shared among all the people who have contributed tokens to the pool. If you provide 50% of the liquidity, you get 50% of the fees. It’s a great way to earn passive income.

How Can You Get Involved in Liquidity Pools

If you have some crypto and want to start earning from liquidity pools, it’s actually quite easy. Here’s a basic breakdown of what you need to do:

1. Choose a Pool: First, you’ll want to pick a liquidity pool. This involves selecting two tokens you want to trade between. For example, you might choose a pool with Token A and Token B.

2. Deposit Tokens: Next, you’ll need to deposit an equal value of both tokens. If you want to add $500 worth of Token A, you’ll also need to add $500 worth of Token B.

Once you’ve made your deposit, you become a liquidity provider and start earning fees from the trades that happen in that pool.

Think of it like owning a small business where you provide a product (your tokens) and earn a small profit every time someone makes a purchase (a trade).

How Do You Know Which Pool is Right for You

Not all liquidity pools are the same, and it’s important to evaluate a few key metrics before diving in. Let’s take a look at three key things to consider:

APR (Annual Percentage Rate): This shows the potential yearly earnings of a pool. It’s like the interest rate you might get on a savings account. Keep in mind, this can change from day to day based on trading activity.

TVL (Total Value Locked): This is the total amount of tokens locked in the pool. The higher the TVL, the more stability and liquidity the pool has. Bigger pools are less likely to cause price fluctuations during big trades, so it’s generally safer to participate in a pool with a higher TVL.

Trading Volume (24h): This tells you how much trading is happening in the pool. The higher the trading volume, the more opportunities you’ll have to earn fees, since more transactions mean more earnings for liquidity providers.

Are There Any Risks

While liquidity pools are a great way to earn passive income, there are risks involved. The main risk is impermanent loss.

Let’s say one of the tokens in your liquidity pool suddenly increases in value while the other doesn’t change much. You might end up with fewer of the more valuable token than you originally had, resulting in a loss. It’s called “impermanent” because it only becomes a real loss if you decide to withdraw your tokens while the price difference is still there.

However, in high-volume pools, the fees you earn can often offset these losses. It’s like investing in stocks—you weigh the potential gains against the risks.

Why Do Liquidity Pools Matter

Liquidity pools are the backbone of decentralized exchanges (DEXs). Without them, you’d have to wait for a buyer or seller for every trade, making the process slow and inefficient.

They allow for instant transactions and decentralized trading, meaning you can swap tokens anytime without relying on a centralized authority. It’s like walking into a market where everything is self-service and always available.

Liquidity pools also democratize finance. By providing liquidity, you help keep the market running while earning a share of the fees, even if you’re not a professional trader.

How to Get Started

Ready to dive in? Here’s how to start:

1. Choose a reputable platform (like STON.fi or any other decentralized exchange).

2. Pick a pool that aligns with your goals and risk tolerance.

3. Deposit an equal value of both tokens and watch as your passive income grows with every trade.

Remember, the key is to start small and build your knowledge as you go. Like any investment, it’s important to do your research and understand the risks before committing significant funds.

Final Thoughts

Liquidity pools may seem complex at first, but once you understand the basics, they’re an excellent way to earn passive income while supporting decentralized finance. They enable instant trades, allow users to earn fees, and keep markets running smoothly.

So next time you hear the term “liquidity pool,” think of it as a well-stocked community market that benefits everyone who participates. It’s a win-win situation for both traders and liquidity providers alike.