Meme coin DOG in a buy zone - Falling WedgeThe meme coin DOG on the Bitcoin network has already dropped around 65% from its all-time high and is forming a Falling Wedge pattern, which gives us a good buying opportunity in this region.
A breakout for an upward continuation could yield a profit of up to 150%.
Personally, I am accumulating some DOG in this region.
Brc20
ORDI - BITCOIN SUMMERWith the advent of the Fairlight fToken Protocol by Fairlight Protocol & CLTV finance, the DeFi landscape on the Bitcoin network is poised for significant transformation. This protocol introduces a novel mechanism for locking assets within the Layer 1 Bitcoin network (with a current live / ongoing staking campaign), enhancing security and trustworthiness in DeFi operations.
Key Innovations Driving ORDI/BTC Strength:
Asset Locking on Bitcoin L1: The Fairlight fToken Protocol allows for the secure locking of brc20 tokens like 'FCDP,' 'OSHI,' 'SATS,' and 'ORDI' directly on the Bitcoin network. This integration leverages Bitcoin’s robust security infrastructure, increasing confidence in the DeFi applications utilizing these tokens.
Enhanced Liquidity and Flexibility: By converting deposited brc20 tokens into corresponding fTokens (e.g., 'ORDI' to 'fORDI'), the protocol enhances liquidity within the ecosystem. This process ensures that users can manage their assets more efficiently and securely.
Future Expansion: The protocol’s plan to support other brc20 assets, Bitcoin, and Rune tokens indicates a broader scope of application, potentially attracting more users and increasing ORDI's utility and demand.
Economic Incentives: The strategic use of fTokens and a structured fee system incentivizes deposits, particularly of ORDI and SATS tokens, bolstering the protocol's economic stability and fostering a more engaged user base.
Security and Risk Management: With regular audits, data encryption, and continuous monitoring, the Fairlight Protocol ensures a secure environment for DeFi operations. These measures, combined with dynamic risk management strategies, make the protocol resilient against market volatility.
Technical Robustness: Powered by sophisticated smart contracts, the protocol manages operations like minting, borrowing, repayment, and liquidation seamlessly, ensuring a user-friendly experience.
Market Implications:
As the Fairlight fToken Protocol gains traction, the inherent demand for ORDI is likely to increase, driven by its pivotal role within the protocol. This anticipated rise in demand and utilization should reflect positively on the ORDI/BTC pair, indicating potential bullish momentum.
Trade Strategy:
Given these factors, the ORDI/BTC pair (and other strong BRC20's) show promise for an upward trend as the market absorbs the implications of this innovative DeFi protocol on the Bitcoin network. Traders might consider positioning themselves to capitalize on this potential movement, keeping an eye on key technical levels and market sentiment shifts influenced by the protocol’s developments. Tokens connected to CLTV Finance currently are $FCDP & $OSHI - currently offering rewards via staking in way of $CLTV. This initial skating campaign will conclude on 9th June, with the next staking campaign bringing new BRC20 locking options.
From Fairlight: "The Fairlight fToken Protocol is poised to set a new standard in blockchain finance. By leveraging the unique capabilities of the Bitcoin network and brc20 tokens, particularly SATS, the protocol offers a comprehensive and innovative approach to DeFi. Its focus on user empowerment, security, and sustainability positions Fairlight as a transformative force in the decentralized finance arena, poised to redefine user interactions and financial management in the blockchain ecosystem."
ORDI - The Semi Bullish Case (1st scenario)In this scenario I expect SEED_DONKEYDAN_MARKET_CAP:ORDI to compete waves B & C in a main zigzag wave that would bring the correction of the great bullish move SEED_DONKEYDAN_MARKET_CAP:ORDI had since Oct2023 to an end.
I expect after this correction ends a new all time high.
Ordinals | ORDI & Brc20 The live Ordinals price today is 15 usd with a 24hour trading volume of 60 million dollar. Ordinals is up 24% in the last 24 hours
but what is ORDI and BRC20? BRC20 is an experimental token standard that enables the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain
after the Bitcoin Ordinals protocol launched in January 2023, enabling NFTs to be inscribed on satoshis , there has been curiosity about whether fungible tokens could be created on Bitcoin. BRC20 token standards were created in March 2023 by a pseudonymous programmer named Domo to make minting fungible tokens on Bitcoin possible.
The first BRC20 token deployed was called Ordi. Bitcoin wallets quickly deployed tooling to support BRC20 tokens. Numerous other BRC-20 tokens, many of which are meme tokens, were launched in the months after. As of May 2023, some BRC20 tokens have experienced astronomical price increases and obtained significant market caps, the demand for BRC20 tokens caused Bitcoin transaction fees to surge and caused significant congestion on the Bitcoin network. you probably think but we already had Erc20 so what the...well BRC20 tokens exist on the Bitcoin network, while ERC20 is a standard on the Ethereum network. BRC20 tokens don't use smart contracts and, therefore, have much less functionality. On the contrary, ERC20 tokens can interact with other protocols and applications to enable a wide range of services, including borrowing and lending.
ERC20 is a mature token standard with a massive number of ERC20 tokens already created and widely used. Conceived in 2015 and officially recognized in 2017, ERC20 tokens have been battle tested and proven to function stably. That's not the case with BRC20 tokens, whose future has a high degree of uncertainty, despite the hype, BRC-20 tokens have little utility at present
now lets see why Ordi just pumped, OKX just announced the listing of ORDI, and will open deposits at 18:00 on the 20th, and open spot transactions after the deposit amount meets the transaction requirements. ORDI is the first BRC20 asset, with a total of 21 million. Affected by this announcement, its price rose by more than 24% in 1 hour. The current price is around $15, and its market value is $313 million now
Ordi can hit 15.5 , 16 and 16.5 for now
Bitcoin Cats 1CAT Is About To Go ParabolicChart looks really bullish. Selling is done for now it seems. People are buying this up and the rumor or Binance listing may be quite bullish for this token. This is very popular in Asian countries. Watch Youtube vids from Asia on this token with Auto translate CC on. I can this hitting its all time high fairly quickly and begin its real parabolic run. This is not financial advice this is just my opinion. Thank you
MEME/USDT TRADING IDEA UPDATEMEMEUSDT has experienced a breakdown of the rising wedge, with the price potentially forming a bearish SHS pattern.
The recommended approach is to consider short positions below the neckline and target the strong accumulation area, represented by the external demand zone.
It is important to closely monitor the price movement towards the weak support level, as a significant bounce from this point may reignite bullish sentiment for the coin. The chart provides a clear illustration of these dynamics.
Your comments and likes on our analysis are greatly appreciated.
3 (bullish) ideas for $TRAC (BRC20)Narrative: CRYPTOCAP:BTC
BTC and the BRC-20 tokens are taking a little breather, which is certainly good for the market in the medium term. I'm particularly bullish on LSE:TRAC , a project that sits at an MC of just under 100 million and for which I believe a 10x is within the realm of possibility.
These 3 bullish ideas come to mind - accumulation at $4 and at $5 (green zones), TP from $7 (red).
Of course, things can turn out completely differently. Do not forget that the crypto market in general and the new protocols on BTC such as Ordinals, Stamps, PIPE, etc. in particular are subject to huge volatility and any project can go to 0 at any time. HIGH RISK!
NFA.
OZKThis is a very recent project, so please be careful.
That said, I'm positioned on it very quickly at its listing on CMC (I bought between 0.02 and 0.03) because I think it has great potential to make several multiples to the upside in the coming months and bullrun.
The website : ordizk.io
ORDI Over?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#ORDI update.
Took profit on my $8 entry near the 5 of 3 projections.
Entered more on 52.61.
TP on that here as well.
#Elliottwave and TDU giving some corrective vibes here, circled.
65.491 breaks, looking for min a ZZ.
75.349 kills ideal.
🥂
$TRAC (BRC-20): trading and accumulating = investing into BTCThe BRC-20 token LSE:TRAC (don't confuse it with OriginTrail, same ticker) is trading on decentralized exchanges (you need a BTC wallet like Ordinalswallet, XVerse, Unisat) and on Gate.io.
It is a fundamentally very interesting project with a market cap below $10M, the indexer of the BRC-20/Ordinals space on Bitcoin. Lot of room to the upside, but, obviously, also high risk.
I am very bullish on the project and I am using each opportunity to benefit from its high volatility on Gate.io. The black lvls on the chart are the S/R areas where the price is constantly ranging between. I am selling resistances, buying supports. If it breaks the resistance I buy the retest/support and sell the next resistance. If it breaks down I buy the next support. It's basically trading 101. I make 5% or 10% a few times a day.
Bought today's dip at 37c, sold a small bag at 54c.
The green levels/areas are demand zones of different importance. Between 35 and 44c strong support. At the time of writing at $0.47, I consider this still as cheap.
NFA.
I am not selling as much as I buy tho, accumulating this coin for further upside.
DYOR. You do you, I do I.