TRON is the leading large altcoin this cycle!!TRX was especially strong this bear market. It was able to steady itself from falling too far. Similar more to Bitcoin then other alts like Solana. TRX fell around 74% in the bear market like BTC. SOL fell more like 94%.
TRX now 150% above old highs and SOL below old highs.
This is not to take anything away from SOL but comparing TRX to the other strongest alt this cycle. I suspect SOL might end up following TRX in a TRX like breakout from its old 2021 highs.
TRX has been able to capture a key part of the crypto market in being a chain for stablecoin transfers and is trying to expand into more typical defi areas.
Altseason
Dent Projection for the next 18 monthsNo one gives this info for free, Enjoy it and get rich ,even if u have 10 cents to invest make it happen.
46x on the cards boy, shall this happen we get rich as duck.
A push down in to that zone 0.000650 to 0.000370 is likely to occur.
Then we drop the guns and wait ..... like a ticking time bomb.
Reserve Rights (RSR) ResearchThe Reserve protocol is an innovative platform on Ethereum that, for the first time, enables the creation of asset-backed and over-collateralized stablecoins without the need for permissions. Reserve's primary mission is to introduce scalable, decentralized forms of stable currency designed to reduce the volatility common to cryptocurrencies like Bitcoin and Etherium.
The Reserve protocol empowers anyone to generate stablecoins, which are secured by collections of ERC-20 tokens across Ethereum, Base, and Arbitrum. These digital currencies, underpinned by stable assets within the Reserve framework, are dubbed "RTokens". After setting up an RToken, users can produce these tokens by contributing the full set of backing collateral tokens, and similarly, they can retrieve this entire set upon redemption. Consequently, the trading value of an RToken closely aligns with the aggregate market value of its backing basket, with discrepancies inviting arbitrage opportunities. RTokens boast an overcollateralization feature, ensuring that in the event of a collateral token failure, there's a reserve of value to offset the deficit. This extra security layer comes from holders of Reserve Rights (RSR), who have the option to stake their RSR on any RToken. Should a collateral token falter, the staked RSR can be automatically claimed through a system driven purely by blockchain-based price oracles, devoid of any need for governance decisions or human intervention.
Long-term goals of the project
Examining the lineage of currency shows us that as one dominant global empire cedes to another, the currency of the former inevitably declines. Historical examples include the Dutch Guilder and the British Pound, and now, according to Ray Dalio, the U.S. dollar might not retain its status as the global reserve currency forever.
Bloomberg has highlighted concerns, echoed by figures like Larry Fink of BlackRock, that burgeoning U.S. fiscal deficits might alienate significant foreign investors. This scenario could lead to a potential 30 percent drop in the dollar's value, as the Federal Reserve might find itself compelled to finance the national debt through monetization.
In response to this, the Reserve community is motivated to craft a stablecoin, known as an RToken, which aims to decouple from the U.S. Dollar's peg. The ultimate ambition for cryptocurrencies is not merely to mirror the stability of existing assets in the short term but to innovate a financial instrument that maintains stability in the immediate and exhibits superior stability over extended periods.
Investors
The RSR (Reserve Rights Token) project has attracted attention and investment from a number of prominent cryptocurrency and venture capital market participants.
Coinbase Ventures
GSR (MM)
Arrington Capital
Shima Capital
NGC Ventures
Fenbushi Capital
Digital Currency Group (DCG)
BlockTower Capital
Distributed Global
Chapter One
PreAngel (China)
Sam Altman
Peter Thiel
These investors are investing in RSR believing in the project's potential to improve the stability and availability of cryptocurrencies, especially in regions with unstable economies. The participation of such significant names indicates the high interest in the project in investment circles.
Staking
Reserve Rights (RSR) serves as an over-collateralization mechanism to protect RToken holders in the rare event of a collateral token default. To enable RSR holders to provide this over-collateralization, they have the option to stake their tokens on any single RToken or distribute their RSR across multiple RTokens. Additionally, RSR holders can choose not to stake their tokens at all.
In exchange for providing this over-collateralization, RSR stakers can expect to earn a share of the revenue from the specific RToken they stake on. Generally, the greater the market cap of the RToken they stake on, the more revenue RSR stakers will receive.
When RSR is staked on an RToken, the tokens are deposited into a staking contract specific to that RToken, and the staker receives a corresponding ERC-20 token, which represents their staked RSR position on that particular RToken. This token is transferable and fungible with other staked RSR for the same RToken, allowing you to send any portion of the staked position to someone else or trade it, and the new holder has the option to unstake it if they choose to.
Understanding RSR Staking Rewards and Mechanics:
Rewards Calculation: Your rewards from staking RSR tokens are influenced by how much revenue the RToken generates, the percentage of this revenue allocated to RSR stakers by governance, and your share of the total staked RSR. For example, if an RToken earns $100, 20% is set aside for stakers, and you've staked 10% of all RSR staked on this RToken, you'd receive $2 as your reward for that period.
Mechanism of Reward Distribution: Rewards are not directly paid out but are used to buy back RSR through market auctions, increasing the value of staked RSR relative to unstaked RSR over time.
Staking Risks and Unstaking Delays: When you stake RSR, your tokens are at risk of being used to cover losses if there's a default in the collateral tokens backing an RToken. Unstaking isn't immediate; there's a delay (typically set between 7 to 30 days by governance) to ensure enough RSR remains staked to cover potential defaults. During this unstaking period, you won't earn rewards, but you can cancel the unstaking process to continue staking.
Accessing Staking: The simplest method to stake RSR is through platforms like Reserve Register, which provide user interfaces to interact with the smart contracts of the Reserve Protocol.
This system not only incentivizes staking by offering rewards but also secures the protocol by using staked RSR as a first line of defense against collateral defaults, ensuring the stability and integrity of RTokens.
Tokenomics
The Reserve Rights (RSR) token has a capped supply at 100 billion. As of now, 50.6 billion RSR are circulating, with the remaining 49.4 billion held within the Slow and Slower Wallets.
Slow Wallet: This wallet, managed by the Reserve project team, is designated for funding initiatives that drive RToken adoption. Any withdrawal from this wallet requires a compulsory 4-week waiting period after the transaction is initiated on the blockchain.
Organizational Shift in 2024: The governance of the funding for the Reserve Ecosystem underwent changes, introducing Confusion Capital. This entity oversees financial support for projects within the ecosystem like Best Friend Finance and ABC Labs, which concentrates on the development of the core protocol.
Slower Wallet: Under the administration of Confusion Capital, this wallet inherits its funds from the Slow Wallet but introduces stricter withdrawal rules. Besides maintaining the initial 4-week delay, it limits withdrawals to no more than 1% of RSR's total supply over any 4-week period. This adjustment aims to minimize the level of trust required in Confusion Capital. Here’s how the withdrawal throttle works:
After a period of no activity, the withdrawal cap could reach its maximum of 1 billion RSR.
Upon initiating a withdrawal of 1 billion RSR, the cap drops to zero.
After 2 weeks, the cap replenishes to 500 million RSR, allowing for a new withdrawal of up to 250 million RSR, reducing the cap back to 250 million RSR.
One week later, the cap increases again to potentially 500 million RSR, depending on previous activities.
This structured approach ensures a gradual release of funds, reinforcing trust and stability within the ecosystem's financial operations.
Blockchain
GSR Marketmaker activity has been spotted and is beginning to gear up for the alt season and pump up the asset. Be ready for a rapid growth of RSR in the near future!
Below are a couple of wallets owned by investment funds. As you can see, they continue to hold RSR after unlocks, which indicates that there was no distribution and we should prepare for pumping, which will trigger liquidity. This way large investment funds will be able to start selling their assets due to “born liquidity”.
It is also worth noting that most of the issuance is in the hands of those who benefit from growth! It can be seen that SlowerWallet and team have >50% of all tokens, followed by exchanges. After exchanges, the obvious leader is investment funds, which I wrote about a bit above.
Conclusion
Reserve Rights and the RSR token are on the cusp of significant change, with the potential for exponential growth. Given its innovative approach to currency stabilization, growing community, expansion into new markets and positive technical analyses, the project is well positioned to strengthen its position in the cryptocurrency ecosystem. The fundamental aspects of Reserve Rights offer an optimistic outlook on its future, making RSR interesting for long-term oriented investors.
Best wishes, Horban Brothers!
FANTOM BULLISH-POTENTIAL 6.39RRFantom (FTM): A Bullish Opportunity with Controlled Risk
BINANCE:FTMUSDT
The current price action of Fantom presents an attractive setup for taking calculated risks. Here are the key bullish arguments supporting this perspective:
Previous Monthly Low (PML - November): Disrespected, signaling strength.
Previous Monthly High (PMH): Disrespected, further affirming bullish momentum.
Monthly Bullish Fair Value Gap (FVG): Holding so far; confirmation expected by early Sunday morning.
Previous Weekly High (PWH): Disrespected.
Previous Weekly Low (PWL): Disrespected.
Daily Bullish FVG: Being respected, showing demand at this level.
4H Swing High: Disrespected.
4H Swing Low: Disrespected.
Bearish Arguments:
Previous Daily High (PDH): Respected, a minor resistance to watch.
Previous Daily Low (PDL): Respected.
Trade Management:
Stop Loss (SL): $0.84–$0.82
Take Profit (TP): $1.90–$1.88
Entry Zone: $0.9951–$0.9683
Risk-to-Reward Ratio (RR): 6.39
I am using Quantfury to manage this trade, a platform I find effective for precise execution.
Final Thoughts: The market appears poised for further upside, but stay disciplined and avoid being influenced by noise. The next five months are crucial for crypto, requiring full focus and adherence to your own strategies. Remember, every lesson comes from experience, not just from external opinions.
Stay patient, trade smart, and blessings to all!
1000RATSUSDT: Breakout Watch – Will Bulls Take Charge ?!?!?!?!?!This chart shows a potentially bullish setup but with important caveats to consider:
- The **Parabolic SAR (PSR)** has flipped green, signaling bullish momentum.
- The price is trading above the **200-day MA**, a strong indicator of a potential trend reversal. However, this signal will be more significant if confirmed by today's **daily close**.
The **descending trendline resistance** remains intact and is yet to be broken. A breakout above this trendline would confirm further bullish continuation and strengthen the overall setup.
**Oscillators** add further insight:
- The **RSI** is above 50, suggesting growing positive momentum but still leaving room for a stronger move.
- **CMF** has turned positive, indicating buying pressure and healthy money flow.
- **OBV** is trending upward, showing steady accumulation and reinforcing the bullish outlook.
While the current setup offers an **entry signal** based on the PSR and 200-day MA, traders should watch for a breakout above the descending trendline for stronger confirmation. Volume will also play a critical role in validating any breakout.
ADA | ALTCOINS | Altseason Approaches AN ENDA quick look into Cardano after a near 330% increase, there seems to be room for further growth.
Key Fibonacci levels are a great watchpoints, especially the 618's.
Two other coins that pumped recently :
Just remember that after the pump, comes the DUMP. Almost every time .
Here's my thoughts on the BTC ATH being in:
Can ETH Cause ALT Season? MartyBoots here , I have been trading for 17 years and sharing my thoughts on ETH here.
ETH is looking BEARISH near term, but very strong chart for more upside on larger time frames
Very similar to past bull market
Do not miss out on ETH as this is a great opportunity and can later cause a real ALT Season
Watch video for more details
Ethereum Eth usdt Daily analysis
Time frame daily
Risk rewards ratio >2
Ethereum Will Lead New Wave of Altcoin Uptrend
altcoins are likely to rise after a major cryptocurrency takes the lead.
Ethereum’s rise would be very favorable for the altcoin market. I believe that Ethereum is very close to breaking resistance and starting its long-term uptrend, and a weekly candle close above $3,700 could end the 2024 downtrend. I also noted that Ethereum’s move above $3,100 would cause capital to shift from Bitcoin to Ethereum and then to mid-cap and smaller coins. As for Bitcoin, I believe that a daily candle close above $97,450 could see the bullish trend continue to near $100,000.
Bitcoin Dominance and Altcoin PerformanceAs anticipated in our previous analysis, Bitcoin dominance has encountered resistance at around 61%, subsequently declining to its current level of 55.6%, where it is now testing a significant support zone.
At this juncture, we may observe a potential bounce at the current support level. However, should the downward trend in dominance persist, the next critical support level to monitor is approximately 51%.
While we are witnessing substantial gains in altcoins, attributed to the recent decline in Bitcoin dominance, it is important to note that we are still in the early stages of this market shift. Current indicators suggest that a full-fledged altseason has yet to materialize, although we are moving in a positive direction.
In summary, the key support levels to watch are as follows:
55.6% (current level)
51%
The 2022 lows at 39%
We will continue to provide updates and further analysis as the market situation evolves.
Arbitrum is back!ARB (Arbitrum) is making a major comeback, climbing back to the $1 mark!
After facing turbulence in the market, ARB is showing signs of resilience and strength. But here's where it gets even more exciting — we're potentially witnessing the formation of a *Golden Cross*!
For those who are familiar with technical analysis, a Golden Cross occurs when a short-term moving average (like the 50-day) crosses above a long-term moving average (such as the 200-day), signaling a possible breakout and a bullish trend ahead.
Could this be the start of a new uptrend for Arbitrum? With growing interest in Ethereum Layer 2 solutions, ARB's return to the $1 level could just be the beginning of something much bigger. The network’s speed, scalability, and low transaction costs continue to make it a standout player in the Ethereum ecosystem.
As more users flock to decentralized applications (dApps) and DeFi platforms, Arbitrum is well-positioned to capitalize on the growing demand. If the Golden Cross plays out as expected, we might see a surge in price momentum, attracting more investors and traders looking to ride the wave.
While the market is still volatile and unpredictable, ARB's return to $1 is a promising signal of potential bullish action in the near future. Keep an eye on the charts, because things could heat up fast!
Analysis of TOTAL2 TargetsAs we can see, the overall trend is bullish. After breaking the March high, the only remaining step for the market to truly thrive is to break the most recent peak and form a new high. There is only one direction now: upward.
The potential paths for this upward movement are as follows:
Scenario 1:
A pullback to the 1.27T level followed by a strong continuation to the upside.
Scenario 2:
A direct upward move without any significant correction.
Potential Milestones After Breaking the All-Time High:
2.11T
3.57T
11T (final target)
The market is showing promising signs of strength, and these key levels could be the focus for the next phases of growth.
Let’s keep a close eye on price action and prepare for what’s coming!
$BTC.D dominance again overheated. Time for the Alts to catch upCheck out this chart— CRYPTOCAP:BTC is on fire, but the market? Totally overheated. 🚀🔥
Sure, CRYPTOCAP:BTC dominance had its pump, but now all the indicators are screaming *RED ALERT*:
- **RSI** is overbought with a bearish divergence.
- **MACD** just hit a bearish crossover.
- Sitting pretty (or not) at the **61% resistance**.
Translation? We’re ripe for a (much-needed) dominance correction. Expect CRYPTOCAP:BTC to chill sideways this weekend, with a likely correction kicking off next week.
Now, about those altcoins... 🤔 The memes have already had their moment—most hitting ATHs. But hold up! There's still plenty of action brewing:
CRYPTOCAP:ETH is waiting to pump, all the DEFI ( CRYPTOCAP:RUNE , CRYPTOCAP:UNI etc..) are waiting to pump.
Some great projects are under valuated like CRYPTOCAP:INJ
Also the L2 and L1 haven't pumped yet, think about CRYPTOCAP:AVAX , SEED_DONKEYDAN_MARKET_CAP:MATIC etc...
Ket's start an altseason! Even a mini one, for Christmas!
YFI Looking Bullish#CryptoWhale100Billion Alt Coin Analysis: YFI
🚀 Bullish Trend Alert for YFI! 🚀
My analysis indicates that YFI may experience a bullish trend in the medium term. The current price is hovering around the support level of $5300. If it manages to hold this level, we can expect the price to rise to the next resistance level at $8400 and potentially break out.
🔍 Technical Indicators:
RSI: Currently in the oversold region, indicating that ATOM is undervalued and may experience a bullish reversal soon.
MACD: Showing signs of a bullish crossover
Buy: At the current price or lower.
Hold: Maintain the position and consider adding more if the price breaks through the resistance level.
Stop-Loss: If the price drops below the support level of $5000, consider buying or setting stop-loss orders.
📈 Your Thoughts?
Shoot me a message with your Technical Analysis to share your thoughts and trading strategies. Let's discuss where ATOM might go next!
👍 Press the Thumbs Up and leave a comment below with your ideas on ATOM's future movements.
Follow and like! I'll keep making more of these charts.
Thank you for the support!
🔗 Previous Chart Links for Reference Below
#CryptoWhale100Billion #YFI #CryptoAnalysis #TradingStrategy #BullishTrend #TechnicalAnalysis #CryptoCommunity
FET - Artificial Superintelligence Coin With BIG BIG Upside MartyBoots here , I have been trading for 17 years and sharing my thoughts on FET .
FET Is an Artificial Superintelligence Coin
FET is looking beautiful ,large bullish structure. Very nice chart for more upside.
Very similar to RSR back in 2020 which is up nearly 10x gain
Do not miss out on FET as this is a great opportunity
Watch the video for more details
BTC Dominance Chart - BITCOIN DOMINANCEBTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season.
Currently, Bitcoin Dominance is in a strong bullish trend and has reached the 60% level. This means that Bitcoin alone holds 60% of the total crypto market value. In other words, the entire altcoin market, including ETH and other large-cap coins, represents only 40% of the market. Considering the crypto market has over 2,500 different coins/assets, it’s notable that all of them combined only account for 40% of the total market value, while Bitcoin alone makes up the other 60%.
In previous bull market cycles, this chart typically shows initial bullishness, followed by a strong reversal to the downside after a few months, which brings the largest returns in the altcoin market.
A bullish trend in BTC Dominance indicates that Bitcoin will outperform altcoins, whereas a bearish trend suggests the opposite.
Currently, BTC Dominance is moving within a parallel channel driving its bullish movement. It has reached the weekly supply level and is now approaching the monthly supply level. I expect BTC Dominance to hit this monthly supply level at the top of the channel, experience rejection, and start moving lower. Eventually, I anticipate it will break below the entire channel, signaling a large influx of capital into altcoins. This shift has the potential to create significant returns for altcoin investors.
I believe this scenario is likely during the 2025 bull cycle, so be prepared to build generational wealth.
Nothing New Here With XRPThis thing has been trading in a giant range against Bitcoin. It has been exploited as an accumulation tool, with very specific and seemingly coordinated price action. I'm honestly a bit surprised Ripple got away with their shenanigans and that their court case went the way it did. The result left the doors open for this thing to fly. It's important to pay attention to the token supply - it is primarily used to enrichen its founders during price bumps. At one point, I was bullish on it, but after observing this behavior over and over again, I caught on.
Interestingly, it almost seems like XRP and XLM were repressed a little bit during the last cycle due to the court case, and now they've got a bit less sell pressure. XLM is associated with XRP, due to its founder having been originally part of the Ripple project.
These coins can be extremely volatile during period of price appreciation. Just look at those spikes and retraces. Best not to get caught off-guard. All I can say is, I'm happy for those who held this long and are able to skim some profit today.
A note of caution: Explosive price behavior from XRP often precedes a broader shift to the downside for the market. This can come in the form of an extended correction or the end to a bull market.
Looking at XLM/BTC, price has only reached levels seen not too long ago. In 2017, the ratio exploded 30x once it hit those sub 200 sats levels. So, in theory, price has a lot of room for upside...it's just that once the end of the pump is reached, it could be many years before it sees prices that high again, particularly in Bitcoin valuation.
XLM/BTC for reference:
Though I also suppose, if I'm going by my previously held opinions on XLM, its applicability as a currency is far superior to Bitcoin, so, in a world where cryptocurrencies exist AS CURRENCIES, I'd rather XLM win out in the end. I don't mind the project so much as its price action appears somewhat manipulated and unpredictable.
That's it from me! Thanks for reading as always. And of course this represents my opinion only, and is not meant as financial advice.
-Victor Cobra