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Cardano

🐋 Deep Dive Part II: Whale Behavior & Market Mastery!🌊📚 (Vid)Hey Crypto Enthusiasts! 🚀 In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊 Cardano's (ADA) Meteoric Rise 🌟 ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause. Optimism (OP) and the Altcoin Breakouts 🌈 In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins. Bitcoin (BTC) and Whale Dynamics 📉 Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge. Solana (SOL) and Market Trends ☀️ Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players. 🔍 Insight on Whale Behavior: My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄 The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠 Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐 Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding! One Love, The FXPROFESSOR 💙 part 1:
Education
by FX_Professor
2
Introduction to CardanoA deep dive into Cardano Cardano has been in the top 10 for many years. It has an insanely strong community and is often the topic of the day. Many see Cardano as on of the potential ‘eth killers’. But why is that? How capable is Cardano and how far does its potential reach? Let us have a look. Cardano is a third-generation cryptocurrency that was developed by IOHK. It is a decentralized platform that runs smart contracts and is fully open source. It uses a unique proof-of-stake algorithm called Ouroboros, which allows users to earn rewards for validating transactions on the network. Cardano also has a treasury system that funds future development of the platform. Scientific Approach Cardano is the first blockchain platform to evolve out of a scientific philosophy and a research-first-driven approach. This entails that every upgrade, before implementation goes through a peer review assessment. The development team consists of a global collective of expert engineers and researchers. Three companies; IOHK, Emugro, and the Cardano Foundation, develop and maintain Cardano. The native currency on the Cardano blockchain is called ADA. The mission of IOHK is to "create accessible financial services for all" by utilizing the peer-to-peer reviewed blockchain technology. They are the primary force behind the development of Cardano. The development is supported and funded by Emugro. Finally, As the custodian organization for Cardano, the Cardano Foundation is a non-profit corporation that is subject to regulation. To preserve, keep safe and promote the Cardano Protocol technology is their primary duty. Blockchain Trilemma Cardano's approach to the blockchain trilemma of security, scalability, and decentralization is twofold; First, the project uses a unique proof-of-stake algorithm called Ouroboros which allows users to earn rewards for validating transactions on the network. This consensus algorithm is incredibly energy efficient, meaning that it can be run on a large number of nodes without the need for special hardware. Second, Cardano has a treasury system that funds future development of the platform. This two-pronged approach gives it a unique advantage in the blockchain space. Cardano also uses a unique system of layered protocols, which allows it to scale without sacrificing security or decentralization. To tackle this scalability, IOHK has drafted a scientific paper by the title of ‘Hydra’. It is a layer 2 solution, soon to be deployed on the Cardano blockchain. The image depicts the basis of Hydra. It shows that Cardano’s blockchain can simply confirm that the 30 ADA coins that once left to ‘Hydra’s head’ are returned to the blockchain. The number of coins never change. It is just that in the second layer (Hydra), coin ownership might have changed, giving Alice 20 ADA and Bob and Carol each 5. The benefit is that a lot of quick transactions between lots of users can happen at the second layer without directly affecting the blockchain. Hence, more speed and less fees. Additionally, every stake-pool (the ones confirming transactions on the network due to the ouroboros mechanism) can open one of these Hydra heads. One head is designed to cover 1000 TPS. This means that as the project grows, the number of stake-pool operators will grow too which in turn enables more Hydra heads and thus more throughput and TPS. A linear growth model, and the first of its kind. Cardano vs Ethereum Cardano is often compared to Ethereum because both platforms are hosting a number of decentralized applications (dApps) and both aim to solve some of the same problems. Due to its early entry into the market and significant adoption, Ethereum has the first-mover advantage. However, Cardano's advantage is that it has learned from the errors of tens of thousands of earlier initiatives to create a more resilient solution that is future proof. It's important to note that Charles Hoskinson, the founder of Cardano, originally co-founded Ethereum. Moreover, Cardano is more scalable than Ethereum, meaning that more transactions can be processed per second. Additionally, Cardano is more flexible than Ethereum, as it offers a wide range of features that can be customized to fit the needs of a particular application. This does not mean Ethereum is out of the game. The most probable scenario is that both chains will co-exist and fulfill the needs of its clients. The picture shows some of the current stats of the projects building on Cardano (compiled by community members and no official company release) Cardano and Africa IOHK has plans to help develop Africa through their partnership with the African Development Bank. The project is called “IOHK for Africa” and it is a five-year plan. The goal is to use blockchain technology to help with financial inclusion, elections, and land rights. They are also working on a project called “Atala Prism” which is a blockchain-based identity system. IOHK has been working towards solutions to balance the influence of institutions and politics in Africa. One way they hope to accomplish this is by creating a decentralized platform on which African entrepreneurs can establish their enterprises. These businesses will then have the same access to the global market as their competitors in wealthy countries because of blockchain. This would immensely help to level the playing field and allow African entrepreneurs to compete on a global basis. From an investment perspective, partnerships and real world applications and solutions like these, open up a path towards more adoption. Cardano has stated multiple times that they are building a road towards a billion users. And by conquering the continent of Africa, this ambition goes beyond just a possibility. Backlash for Cardano One of the main complaints that the Cardano ecosystem has received over the years is its slow development. Its scientific approach and development which includes writing papers and having these ideas peer reviewed, take a long time. Only after that, development starts which takes a while as well. This slow approach results in the ecosystem still being at the very start and behind competitors, some that even launched after Cardano.. Compared to its competitors such as Ethereum or Binance, Cardano only has a handful of projects actually operating. Many of them are still developing and were/are waiting for various updates on the network. There is not much DeFi happening on the chain, nor does it have a stable coin yet. The main activities taking place currently are NFT’s and staking. It is fair to say that they are still behind on their competitors regarding the ecosystem as of today. Charles Hoskinson, the CEO and founder of IOHK, has stated that this is only for the better as it means that every implementation is carefully designed to outperform and outlast its competition. Looking at the technology of Cardano, it is in many aspects ahead of its competition, despite the fact they are slow. Especially with looking at current problems in the crypto space: many blockchains are unsustainable as they are not able to scale. Others are not designed to be interoperable. IOHK has taken every detail since its inception into careful consideration by numerous experts in various fields to make Cardano future proof. Perhaps the slow but delicate progress of the project will deem to be profitable in the near future. As they often say, ‘slow and steady wins the race’.
Education
by vf_investment
4
Hydra - Cardano´s scaling solutionBlockchain Trilemma Cardano's approach to the blockchain trilemma of security, scalability, and decentralization is twofold; First, the project uses a unique proof-of-stake algorithm called Ouroboros which allows users to earn rewards for validating transactions on the network. This consensus algorithm is incredibly energy efficient, meaning that it can be run on a large number of nodes without the need for special hardware. Second, Cardano has a treasury system that funds future development of the platform. This two-pronged approach gives it a unique advantage in the blockchain space. Cardano also uses a unique system of layered protocols, which allows it to scale without sacrificing security or decentralization. To tackle this scalability, IOHK has drafted a scientific paper by the title of ‘Hydra’. It is a layer 2 solution, soon to be deployed on the Cardano blockchain. The image depicts the basis of Hydra. It shows that Cardano’s blockchain can simply confirm that the 30 ADA coins that once left to ‘Hydra’s head’ are returned to the blockchain. The number of coins never change. It is just that in the second layer (Hydra), coin ownership might have changed, giving Alice 20 ADA and Bob and Carol each 5. The benefit is that a lot of quick transactions between lots of users can happen at the second layer without directly affecting the blockchain. Hence, more speed and less fees. Additionally, every stake-pool (the ones confirming transactions on the network due to the ouroboros mechanism) can open one of these Hydra heads. One head is designed to cover 1000 TPS. This means that as the project grows, the number of stake-pool operators will grow too which in turn enables more Hydra heads and thus more throughput and TPS. A linear growth model, and the first of its kind. (Note¨this an extremely simplified exampled in layman terms. It should give a simple idea to the not so tech-savvy and encourage one to do more research)
Education
by vf_investment
1
Will the crypto market recover? ❇️Hello guys, Some of you have texted me asking if this market will stay this way? What happened to LUNA? What happened to Tether and Terra? Well, I will keep this short. You do not need to worry! People always do this. They always panic and sell RANDOMLY, without reading and investigating the situation. There will be no time until all intelligent investors realize that it is a significant opportunity for buying. And as soon as the buy volumes start to increase and the fundamental news starts to spread about what a great chance it is to buy crypto, people worldwide will begin to follow and buy more and more out of FOMO, which is not a bad thing. Of course, we have to be careful. There have been regulations and apparent reasons behind this big crash. And indeed, there will be more regulations. So If you are waiting for this buying opportunity, do not jump ahead. Wait for some signals, read the news, analyze the market and make sure before jumping on the recovery train. Until then, have these items in mind in heavy dumps: 1. Do not do leverage trading 2. Do not buy coins in FOMO 3. Do not stick to the screen all-day 4. Do not do revenge trading 5. Do not average out every dip 6. Do not go all in one coin Let me know your ideas. Good luck. Source and Reference: www.forbes.com
Education
by ShawnMCR
2
Wyckoff trading using the example of ADA/BTC Accumulation schemePay attention to the phases and letter designations on the graph that I showed on the ADA / BTC pair. (Cardano). A diagram of the accumulation phases is shown. Which are relevant for trading now. Several trading methods are combined on the chart: 1) Trading by the Wyckoff method. 2) Trade in horizontal channels. 3) Trade from important areas (price reversal points). 4) Trading in secondary local trends. Now the price is at the important zone of the mirror level which, from the development of the situation, can act as support or resistance. Channel pitch 30%. You can work in two directions. _________________________________ About Wyckoff's trading method. The forerunner of volume analysis (VSA) is Richard Wyckoff. Roughly speaking, the whole point of the method can be expressed - trade for a major market player. The creator of this technique himself was a man who had a system-forming influence on stock trading. It was not a poor theorist who got rich after publishing books! He was a very successful trader and earned impressive capital in his day. The very method that he was allowed to achieve and the entire 40 years of experience in trading, he published in his book in the public domain is already closer to his death Wall Street Ventures and Adventures Through Forty Years. At the end of his life's journey, Wyckoff became more altruistic, and decided to share the knowledge that led him to wealth. He died in 1934. The Wyckoff trading method was developed in the early 1930s. It consists of a number of principles and strategies originally developed for traders and investors. Wyckoff devoted much of his life experience to studying market behavior, and his work still has an impact on much of modern technical analysis (TA). Currently, the Wyckoff method is applied to all types of financial markets, although initially it was focused only on stocks. During the creation of his work, Wyckoff was inspired by the trading methods of other successful traders (especially Jesse Livermore). Today, he enjoys the same respect as other key figures such as Charles Dow and Ralph Nelson Elliott. But for example, unlike Elliot’s theory, which is good in theory, but not always applicable in practice, the Wyckoff method is many times more effective for making money not in theory, but in practice. _________________________________________ According to Richard Wyckoff's trading method, there are 3 laws: 1) The law of supply and demand. 2) The law of causation. 3) The law of communication efforts and results. The first law states that the value of assets begins to rise when demand exceeds supply, and accordingly falls in the reverse order. This is one of the most basic principles in the financial markets, which does not exclude Wyckoff in his work. We can represent the first law in the form of three simple equations: 1) Demand> supply = price increases. 2) Demand <offer = price falls. 3) Demand = supply = no significant price change (low volatility). The second law states that the differences between supply and demand are not a coincidence. Instead, they reflect preparatory actions resulting from certain events. In Wyckoff's terminology, the accumulation period (cause) ultimately leads to an uptrend (consequence). In turn, the distribution period (cause) provokes the development of a downtrend (consequence). Wyckoff’s third law states that price changes are the result of common efforts that are displayed on the trading volume. In the case when the growth in the value of the asset corresponds to a high volume of trading, there is a high probability that the trend will continue to move. But if volumes are too small at a high price, growth is likely to stop and the trend may change direction. _____________________________________ Wyckoff Price Cycles. According to Wyckoff, the market can be understood and predicted using a detailed analysis of supply and demand. This can be done based on price action, volume and timeframe. By observing the behavior of large groups of investors, Wyckoff was able to learn to notice certain points during which preparations were made before a large price move. These moments were called accumulation (before the upward movement of prices) and distribution (before the fall of prices). _____________________________________ “Composite person” (major player) and phases. Wyckoff created the idea of ​​a “composite man” (from the English composite man, composite operator), which embodies the imaginary personality of the market. He invited all investors and traders to study the stock market from the point of view if it were controlled by one subject, as this could facilitate their further following the trends. At its core, the composite person represents the largest players (market makers), wealthy people and institutional investors. The behavior of a composite person is the opposite of most investors and traders that Wyckoff often observed, given their financial losses. This is the opposite of crowd action. The cycle described in the Wyckoff method consists of four main phases: 1) Accumulation (accumulation). 2) Impulse or uptrend. 3) Distribution. 4) Markdown (correction, downtrend). 1 phase. Accumulation . A composite person accumulates assets before most investors and traders begin to do so. This phase is usually marked by lateral movement. Accumulation occurs in a gradual manner to avoid significant price changes. 2 phase. Impulse or uptrend. When a composite person takes possession of a sufficient amount of assets, while the sales force is depleted, he begins to push the market upward, forming an emerging trend that gradually attracts more and more new investors, which subsequently leads to an increase in demand. 3 phase. Distribution. Then the “composite person” distributes the purchased assets. He begins to sell his profitable positions to those who enter the market at a late stage (“hamsters”). 4 phase. Markdown (correction, downtrend). Shortly after the distribution phase, the market begins to fall. In other words, after the composite person has completed the sale of a significant amount of his position, he begins to push the market down. To repeat the cycle again. The hamster is not a mammoth - it will not die out. In the end, supply becomes much larger than demand, and a downtrend will follow. _________________________________________ Approach to the Wyckoff market in five steps. Wyckoff also developed a five-step approach to the market based on numerous principles and methods. Simply put, such an approach can be considered as the procedure for applying his work in practice. S tep one: identify the current trend. The primary task is to determine the current trend and a superficial assumption where and how far it can go, in connection with which the following questions arise: "what is the current trend?", "What is the relationship between supply and demand?". Step two: determine the strength of the asset. How strong is the asset in relation to the market? Does its value move with the market or the opposite of it? Step three: find an asset with a reason for further growth. Are there enough reasons to open a position? Is the reason good enough for the potential benefit (consequence) to justify the possible risks in the future? Fourth step: determine the likelihood of cost increases. Is the asset ready for the intended move? What is its position relative to the current trend? Does the price and volume of trades correspond to possible growth? This step often includes Wyckoff tests for the purchase and sale of the selected asset. Step Five: Your Login Time. The last step contains all the timing information. For the most part, this is due to the analysis of a trading instrument to compare their behavior with the main market. In cryptocurrency, for example, with bitcoin. __________________________________________ Wyckoff Trading Schemes. Accumulation and distribution schemes are the most popular part of Wyckoff’s work, at least among cryptocurrency communities. This model breaks down these two schemes into smaller sections of five phases (from A to E), as well as several events that are briefly described below. Pay attention to the phases and letter designations on the graph that I showed on the ADA / BTC pair. A diagram of the accumulation phases is shown. Which are relevant for trading now ACCUMULATION DIAGRAM PS - preliminary support (initial support) the first resistance - appears after a significant decrease in the price, the volume increases, and the price accelerates the decrease over time. SC - the culmination of sales - there is a sharp drop in prices for large volumes. AR - automatic rally (automatic upward movement) appears because there are very few sellers in the market, and buyers quickly raise the price up. ST- secondary test (repeated test) - occurs to check the forces of supply and demand. There may be several ST and SC. ST can even slightly break the price level set by SC. Spring ("Spring") - does not always occur, in the late stages of accumulation. The logic of false breakdown. Test - Occurs after Spring is formed and should be on a small volume. Usually above the low at a lower level. SOS - a sign of strength (signs of strength) the price begins to rise and stands out from the price range TR (trading range) with an increased volume. LPS - the last support point, the last resistance level, occurs after a breakdown (SOS), this is a return of prices in the vicinity of TR with low volume and low price dynamics. BU (back up) - the return of prices to the accumulation channel, which follows the realization of the profit of short-term investors and is a demand test. It does not always happen, for obvious reasons. Phase A. The strength of sales decreases and the downtrend begins to slow down. This stage is usually marked by an increase in trading volume. Preliminary support (from the English preliminary support, abbr. PS) indicates that new customers are starting to appear, but this is still not enough to stop the downward movement. The culmination of sales (from the English selling climax, abbr. SC) is formed through intense activity aimed at selling assets, as a result of which investors begin to capitulate. This often manifests itself as the highest point of volatility, when panic sales form high candles and wicks. A strong drop quickly develops into a jump or automatic rally (AR), due to the fact that buyers begin to absorb excess supply. Thus, the trading range (TR) of the accumulation scheme is determined as the distance between the minimum culmination of sales and the maximum of automatic rally. A secondary test (ST) occurs when a drop in market prices crosses the sales climax (SC) to verify the validity of a downtrend. In this case, trading volume and market volatility are usually lower than usual. While the second test often forms a higher minimum relative to the culmination of sales, this does not always happen according to plan. Phase B. Based on the Wyckoff law of causation, phase B can be considered as a cause that leads to a certain effect. Phase B is the consolidation phase in which a composite person accumulates the largest amount of assets. At this stage, the market tends to test various levels of resistance and support in the area of ​​its trading range. Numerous secondary tests (STs) may occur during phase B. In some cases, they show higher highs (bull traps) and lows (bear traps) with respect to the culmination of sales and the automatic rally, like phase A. Phase C. This phase is a typical period of asset accumulation. It is often the last bear trap before the market begins to show higher lows. During phase C, the composite person provides a small proposal, and in fact, those who were supposed to sell their assets have already done so. During this phase, support levels begin to break through to stop traders and mislead investors. We can describe this as the last attempt to buy an asset at a lower price before the start of an uptrend. Thus, the bear trap encourages small investors to abandon the holding of their assets. However, in some cases, support levels can be maintained, and the "spring" simply does not begin. In other words, there may be another accumulation scheme, which includes slightly different elements, but not “spring”. However, the overall structure of the circuit remains valid. Phase D. Phase D represents the transition between cause and effect. It is located between the accumulation zone (phase C) and the breakout of the trading range (phase E). Typically, a significant increase in trading volume and volatility occurs during phase D. Usually it assumes the last point of support (from the English last point support, abbr. LPS), demonstrating a lower minimum before the market begins to move up. LPS often precedes breakthrough resistance levels, which in turn creates higher highs. This indicates the manifestation of signs of strength (from the English. Signs of strength, abbr. SOS), as the previous resistance levels become new levels of support. Despite a somewhat confusing terminology, there may be several last points of support during this phase. They often increase trading volume when testing new zones. In some cases, the price may create a small consolidation zone before effectively breaking through a larger trading range and moving on to phase E. Phase E. Phase E is the last step in the accumulation pattern. It is marked by a clear penetration of the trading range due to increased demand in the market, which indicates the beginning of an uptrend. __________________________________________ Volume in separate phases (VSA). A key element in the analysis of the Wyckoff method is the preservation of volume at the individual stages of accumulation / distribution. Phase A. In this phase, dynamic movements of prices with an increased volume occur. We have new highs / lows and climax points, followed by automatic price rallies in the opposite direction, and then retest on a smaller volume. This phase forms the border of the TR (trading range) channel, in which the price will consolidate until the rebound in phase D and E Stage B. Here, large investors get rid of their last position from the previous trend and prepare for its reversal. Phase C. This is a very important phase, because in phase C it comes to the end of the current trend. Weak players leave the market for Spring (accumulation) or UTAD (distribution). If these formations do not exist, then we are dealing with LPS, where the inability to continue the current trend is visible, the price practically does not move. Phase D. With signs of weakness in the current trend from phase C, the time comes to show the strength of the adversary. The price breaks the level in the expected direction, with high dynamics and increased volume. Phase E. Confirmation of our assumptions and completion of the accumulation / distribution process. Price accelerates in the expected direction. If we were unable to join the movement during phase D, then further problems may already arise with this. And this deal will be less profitable. ______________________________ Conclusion on the Wyckoff trading method. Almost a hundred years have passed since the publication of the work, but the Wyckoff method is still in demand to this day. By nature, the market does not always exactly follow similar trading patterns. In practice, accumulation and distribution patterns can occur in different ways. For example, in some cases, phase B can last much longer than expected. For this reason, spring, UTAD and other tests may simply be absent. However, Wyckoff's work offers a wide range of reliable trading techniques that are based on numerous theories and principles. His work is certainly valuable to thousands of investors, traders and analysts around the world. The accumulation and distribution schemes described in this article may be suitable for understanding the general order of cycles in financial markets. But recently, due to the widespread introduction of algorithmic trading and the use of it by large players, it has become increasingly difficult to notice a large player on highly liquid instruments, but it is possible. According to three schemes of dialing / resetting by the position algorithm. This analysis method is more relevant for medium-liquid instruments, where fewer algorithms and highly professional traders are clearly hard to see. One person can hide his real work, and do fake trade for dozens of people. It is clear that with good preparation, it is possible to calculate and understand what will happen next, but naturally this is not an analysis of the schedule. Analysis of the schedule in the work of a truly successful trader in fact takes no more than 20-30% of the work. __________________________________ It is impossible to describe everything in one article. The Wyckoff method at first glance seems complicated, but it is not. The main thing is to understand the essence of the work and practice trading tools. To start, start trading with a symbolic amount. Always remember, a theory without practice is zero. Once again, the Wyckoff method works well on medium-liquid instruments such as cryptocurrencies, but not lower than the top 100.
Education
by SpartaBTC
6
Crypto Explainer - What is Cardano (ADA)?Cardano emerged back in 2015 and presents today a strong contender in the smart-contract arena. Similar to Ethereum, developers can create smart-contracts for their DApps. On the other hand, Cardano is highly scalable, and is able to process more than 250 transactions per second, versus Ethereum that currently does around 15 only! This solves the major obstacles and backlashes that many cryptocurrencies faced: Eco-friendliness and scalability. Invest responsibly, and always do your own research. Cheers! CT Team
KRAKEN:ADAUSDEducation
by CryptoTicker
Top 10 Cryptocurrencies & Their Real World UsesIn this video we explain the real world use cases of each of the top 10 cryptocurrencies. A lot of focus in crypto is focused on the price and the volatility of each coin without many people necessary understanding what their purposes are. Bitcoin (BTC) Digital Gold, a store of wealth and protection against inflation… this is because there’s a limited supply of BTC (21 Million) that will ever be mined. It’s supply cannot be inflated like FIAT currencies (Dollar, Pound, Euro etc) can simply be printed. 
Collateral in DeFi, in many DeFi (Decentralised Finance) Bitcoin is used as collateral for you to borrow against the value of in return for a cryptocurrency loan for example. We will explain DeFi in a little more detail later.

 Banking the unbanked, in many struggling economies (El Salvador for example) Bitcoin is a useful way for communities to gain access to banking facilities. While in many of those regions economies are still largely cash-driven and people cannot afford to pay for transportation to visit banks for registration, the number of those who have access to or own mobile phones is increasing. Thus, using digital wallets to transfer Bitcoin independent of traditional banks may provide a viable alternative for people without a bank account to participate in finance and to create a store of value.     

 Ethereum (ETH) Smart contracts, In essence, smart contracts are created to automatically execute and complete processes, such as a payment process, in digitised form. This is the key to Ethereum’s success and its core use case. It enables developers to create complex applications powered by Ethereum’s platform. 

DeFi applications, The largest category of smart contracts on Ethereum’s platform is in the form of Decentralised Finance applications. 
With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it’s faster and doesn’t require paperwork or a third party. As with crypto generally, DeFi is global, peer-to-peer (meaning directly between two people, not routed through a centralized system), and open to all.   
NFTs, an emerging use case for Ethereum is in the form of payment for NFTs… you will find that most NFT’s prices are denominated in ETH. NFTs for anyone that isn’t aware are essentially digital art that its authenticity is confirmed in blockchain data. 

Think of it as a version of the Twitter blue tick for limited edition digital art.

 Cardano (ADA) Store of Value & Smart Contracts - The Cardano coin can be used as a transfer of value in a similar way that cash is currently used. This is not very different from other cryptocurrencies such as Ethereum and Bitcoin, but ADA has other uses as well. One of the core principles of Cardano is its PoS blockchain protocol where ADA is staked to the blockchain to successfully verify transactions on the blockchain. This is where Cardano crypto comes in handy. Those who stake their ADA to the blockchain are rewarded for their efforts with more Cardano crypto in return. This staking system helps maintain security throughout the blockchain. There is also the use of ADA in voting. In Cardano, unlike other blockchain projects, it is not miners who vote and decide on changes to the protocol, it is token holders. Therefore, when a new change or development is proposed to the Cardano blockchain, Cardano crypto holders use their ADA to vote on these proposals. This way, everyone who owns the cryptocurrency has a say in its development. ADA also can be used to power the smart contract platform on the Cardano blockchain. Developers utilise ADA to create smart contracts and applications that run on the secure, decentralised Cardano blockchain. 

In the case of running smart contracts it is cheaper in transaction fees than Ethereum. 

 

Tether (USDT) Stablecoin - Backed by US dollars and value is pegged to always be at-or very close to £1 per 1 USDT Transferring Crypto - Lots of people will use Tether as a middleman when transferring money from one cryptocurrency to another without paying the fees associated either between each crypto or back and forth into Fiat currencies. Generating a Yield - Some tether users also simply hold their funds in Tether because it generates a higher yield or interest rate than their money would in a bank for example. Binance Coin (BNB) Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury. Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services. Ripple (XRP) Very quick & cheap cross border payments

, The primary use case for XRP is intended to be for transfer of other currencies (or indeed commodities or assets such as gold or oil) over the Ripple network. Each time a money (or asset) transferring organisation such as a bank uses the network to conduct a transfer and settlement, the cost is deducted in a small amount of XRP.

 Cross-border payments between banks and organisations currently run on a system called SWIFT… a system created in 1973. This is essentially what Ripple and its coin XRP could replace with a much quicker and cheaper system. 

 Solana (SOL) Smart Contracts platform.

Much in the same way that both Ethereum & Cardano is used on a day to day basis as developers who make applications on the Solana blockchain pay SOL coins for the processing / transaction fees. 

Large numbers of NFTs are also available on the Solana blockchain. 

 Polkadot (DOT) Interoperability - Allow different blockchains to talk to each other and share data / features between each other. This is useful for developers when making new blockchains, as they are able to use sections of features from different chains without the need to create them from scratch each time. Unlimited Supply - Unlike most other cryptocurrencies, DOT isn’t limited in supply. This is designed to incentivise the network and dynamically adjust according to participation rates of users. 

Dogecoin (DOGE) Meme coin which was originally created as a joke or parody of the crypto world. 

Now however has gained massive popularity and even is considered for payments as a real world use. This is still to be widely accepted however. 

USDC (USDC) Stablecoin, backed by US dollars and value is pegged to always be at-or very close to £1 per 1 USDT. Not as popular or widely used by the market than Tether. 

Editors' picks
CRYPTOCAP:USDCEducation
by JoelWarby
47
How to Draw Fibonacci Channels Fibonacci Channels are used to determine fibonacci support and resistance levels within an identified trend. These channels can easily be drawn in both uptrends or downtrends to find potential areas where price action could change. Uptrend When drawing a Fibonacci Channel on an uptrend, a clearly identified trend needs to be established with higher lows being created. To draw the channel, first select the two low points on the trend, and then the high point in-between them. After the channel is drawn, the Fibonacci levels calculated can be used to help speculate price action by watching these areas as support or resistance. Downtrend When drawing a Fibonacci Channel on a downtrend, a clearly identified trend needs to be established with lower highs being created. To draw the channel, first select the two high points determined by the trend, and then the low point in-between them as shown below. Do you use Fib Channels? If so, share your ideas in the comments below!
Editors' picks
Education
by TradingView
133
Cardano - Just Getting StartedCardano is not even above its 2019 high but it doesn't matter. Whales and capital are going to push this thing up. 2017 is no longer relevant. It was ICO mania. We are heading into another cycle of bull market. Most people will get into crypto again at the peak of next bubble. Typical human beings. This is free market. This is Capitalism. Nobody is putting a gun telling you you can't invest or buy this or that, but some people prefer to keep blaming others and rich people for their miserable life. Then, they deserve to be poor forever. Please don't reach out to me. I don't read messages and comments.
CRYPTOCAP:ADAEducation
by UnknownUnicorn735418
1
Interesting price action for Cardano (ADA)Hi guys, I have seen that Cardano just breakout the descending wedge which have been formed since the last july 2018. On the other hand, there is a big green candle just after the breakout of the resistence on the weekly MA 50. I expect that if we don't see a high sell presure, this green big candle will close as a big green as a Green Candlestick . Other interesting point is the fractal that I have observed in the altcoins market cap which might mean a reversal trend of this last bear market: Finally, we can see how Cardano made a higher high and higher low. This is a clear reversal trendline and it is the fist time that we can see this pattern since we began the bear market. All this ingredients make me think that Cardano is likely starting the new bull market. The first target that I expect after the breakout of the falling wedge is at 0.21$ This is not an investment advice.
BINANCE:ADAUSDEducation
by Jose-Coin
The importance of name branding and logo in cryptocurrencyName and logo are important in evaluating the possible value of a cryptocurrency, for example, during the dot com bubble, Boo.com, 3com, lastminute.com all experienced large gains within the first months of IPO release but prices steadily declined to zilch. This is most likely due to fundamentals however name and logo both play into this also. Attracting investors based on appearance and branding, establishing a memorable impression with these factors is vital for the survival of a company. Not much has changed with cryptocurrency the spread of Name and logo is pretty clear, for example (my personal opinion) Waves, Seele, Ravencoin, all provide less than notable impressions, while Augur, Ethereum, NEO and Cardano give quality first impressions (again my opinion). The stellar rise of these coins and similar coins may be seen once maturity of the market is observed, again fundamentals plays a big part but branding also is notable. Leave some feedback and your own thoughts!
KRAKEN:ETHUSDEducation
by Bixley
4
Cardano (ADAZ18) Long Again (BitMEX) - Tips 4 BeginnersI should have focused my energy on BitMEX earlier, this thing is a huuuge money maker... Easy money maker. I am going LONG on ADAZ18 and would like to share some details with you if you want to trade as well. Main support for me will be 940 satoshis on the daily time frame. When using leverage I want a liq. price that is below this level. My main target is profits. For you, I trade with specific numbers and we aim to earn certain percentages but that is not how I trade myself. My strategy is incredibly simple as I like simple... Simple is best. Buy low... Later sell high. Meaning, it doesn't matter if a target is hit or not or how long it takes. What matters to me is coming out a winner and in good profits. You can always close a trade that is either in profits or at a loss, regardless if you hit target or stop loss. Sometimes it is good to cut losses before hand, or collect profits right away. If you are a beginner and trying to trade on BitMEX for profits, try starting small, with very low leverage on a low risk trade and allow time for it to develop. Always make a habit of withdrawing and enjoying your profits, as well as leaving some behind to grow your capital and join new trades. I hope you liked my advice. Namaste.
AEducation
by AlanSantana
9
TRADING WITH THE TRENDIdentifying the trend and trading with it is vital to your success as a crypto trader. The crypto market can be an emotionally charged place and, when traders start pushing the price of a coin in one direction or another, other traders typically start to follow suit and push the price of the coin in the same direction. When you see increasing momentum building behind a moving coin, the chances are good that the coin will continue moving in that direction. At that point you increase your odds of making money by trading with the trend. Fighting the trend generally turns out to be a losing proposition. Trends tell you where prices will most likely be going in the future. If traders are pushing the coin price higher you ought to buy the coin to make money. If traders are pushing the coin price lower, you ought to sell the coin to make money. If traders in disagreement over where the coin price should go and are pushing the coin price sideways, you ought either to alternate between buying and selling the coin or wait until the trend is clearly up or down to make money. PAYING ATTENTION TO SUPPORT AND RESISTANCE Support and resistance levels are like the ends of an Olympic swimming pool. Just as the ends of the pool tell swimmers when it is time to turn around and start swimming in the opposite direction, support and resistance levels tell you if the price of a coin is likely to stop, to turn around, and to start moving in the opposite direction in the future. Knowing where a coin may stop and turn around helps you to enter and exit your investments at the most profitable times.
Education
by TheWolfOfBinance