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Decentralized

[40%] INJ /USDT (LONG)The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed. The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem. Analysis : - We still in the canal - hidden bullish divergence (RSI) - Buy Zone : 14.5$ - 15$
Long
by HolderYoda
Market Makers get vilified. Why not own one?Dear friends, let me introduce to you my favorite crypto project of all. This automated market maker initiative is literally making the world a better place. My all time favorite crypto project happens to be an Ethereum token (compatible with Ethereum wallets) that is a governance token of the Maker System. The Maker system behaves as a market maker and generates a stable coin that is pegged 1:1 to the USD and is called Dai. Through this brief conversation we are going to discuss some stats, quotes right off a paper on the Fed's website and see if there is helpful data to unpack here. Stats: Market Cap $2.6B Circulating Supply 995,700 Tokens Protocol that Generates Dai Stable Coins First things first, what is MakerDao? Decentralized Organization that offers two tokens Dai & MKR The Protocol enables users to supply collateral which they can then use to borrow funds. Being that it runs via smart contracts, this negates counterparty risk all together. Imagine in essence you are the vendor with goods within a vending machine, and the user wants to purchase something from the vending machine - the autonomous vending machine administers the transaction securely where both parties can remain anonymous and have total trust in each other, and not need to run credit checks, nor balk at payment terms etc. I do not know if this is a helpful example for understanding Smart Contracts, but it is the best I can think of. Just imagine now that the vending machine runs on an immutable blockchain that is practically impenetrable. Technically a quantum computer could penetrate it, but then again a quantum computer could penetrate all of legacy financial institutions - as Russia proved - even super computers can. MKR is one of the largest players on the Eth Blockchain, and is currently the 14th most popular crypto project on Coinbase. Through collateral MKR generates Dai, which is a stable coin that targets parity 1:1 with the USD. We will reference the Federal Reserves source to learn more about Dai in a few moments. So briefly let me explain legacy financial institutions: First off we are dealing with Fractional Reserve Banking Banks need to be stress tested as they only have a fraction of bank deposits of actual cash on hand and readily available for withdrawal. The Federal Funds rate acts as a lever or a tool controlling reserves, and if they were to force legacy institutions to increase their reserves it would reduce the loans that could be administered which could then cripple businesses, and prevent new home purchases - etc. Hence higher interest rates would strengthen the dollar, and integrity of financial institutions but the consequence would be hampering the money supply and risk deflation. People would purchase less homes, vehicles, not be able to start new businesses - etc. Dai is different Dai does not rely on fractional reserves in an account, similar to what Tether is accused of doing now (although Tether has far higher reserves then legacy financial institutions using fractional reserve banking) Dai is generated when users use a smart contract on the ETH network and deposit assets as collateral that has been audited and is publicly viewable for all to see at any time. There are a SURPLUS of assets that generate Dai, so in essence the Dai has actual reserves backing it with real collateral rather then legacy financial institutions "fractional reserves" MKR is a token that maintains Dai is pegged to the actual value of the USD The fact Dai is decentralized, unbiased, collateral-backed makes it a wonderful tool for countries experiencing inflation concerns. And the surplus collateral make it actually safer then financial institutions fractional reserves. Ever hear of a "run on the banks" - this would not be a problem if you are banking using Dai - as every dollar has collateral backing it. What is nice is rather than waiting for stress test on legacy financial institutions and trusting them, just like we did into 2008's housing fiasco, Maker provides total visibility, current stats: Total Dai - $2,324,560,767 Dai Dai Debt Ceiling - $3,039,965,535 Dai Surplus Dollars - $8,431,217 Dai Visibility is continually available and updated dynamically here: daistats.com Dai is not mined or minted, but rather only generated when collateral is deposited by borrowers. The stability fee is a variable rate that reflects the cost paid by borrowers who deposit collateral to generate Dai. Instead of a centralized Federal Reserve, the community of MKR token holders gets to vote on the stability rate. Each MKR token provides the owner one vote per proposal. An alternative proposal would be voting on what assets constitute collateral willing to be accepted as deposits. The stability fee enables the Dai to be pegged to the USD. Let me explain. If Dai's market price falls below one dollar, the community could vote to increase the stability fee. This would then decrease the amount of Dai in circulation which will raise the price of Dai. If Dai's market price rises above on dollar, the community could vote to decrease the stability fee. This would then increase the amount of Dai in circulation which would lower the price of Dai back to $1 parity. Quick chart of Dai vs its top reputable competitor which is USDC: Now here is the great part of Dai! The thing that makes this a true Gem! If the MKR community make good decisions and the system performs well, the excess surplus if it exceeds a certain point will auction off Dai, and use the proceeds to purchase more MKR tokens which are then permanently removed from circulation - which raises the value of all of our MKR tokens. If the inverse were to occur, and if MakerDao becomes under collateralized, and there is more Dai then collateral the system will initiate an auction with new MKR being minted and sold for DAI, with that Dai then being burnt. This automated process will enable this to always maintain 1:1 parity with the USD. Again, much more sophisticated, and much safer then "fractional reserve banking" - shudder. This project is a beautiful one, and I truly believe that if you can fix the money, you can fix the world. If someone is in a country suffering from inflation, they can open an ETH account and purchase Dai, and in essence maintain their buying power much better than the Turkish Lira for example. I believe everyone has the capacity for production, creativity, and industriousness all over the planet and this is a project that is providing infrastructure for people to access banking all through an application on their phone. So let's talk Technical Analysis: Currently ranging and finally broken above the EMA ribbon after consolidation following the big breakout from the ascending Triangle Pattern leading up to this: I would advise that just as we beta-weight everything in the S&P500 one could in essence beta-weight this fairly well against Ethereum itself. I would project that they balance each other out well. Our next breakout point after ranging will be the $2,800 ceiling, where following that it will then move parabolic till we uncover our new range: Now an excerpt as promised from the Federal Reserve: Some DeFi applications allow users to create collateralized debt positions and thereby issue new tokens that are backed by the collateral. To be able to create these tokens, the person must lock cryptoassets in a smart contract. The number of tokens that can be created depends on the target price of the tokens generated, the value of the cryptoassets that are being used as collateral, and the target collateralization ratio. The newly created tokens are essentially fully collateralized loans that do not require a counterparty and allow the user to get a liquid asset while maintaining market exposure through the collateral. The loan can be used for consumption, allowing the person to overcome a temporary liquidity squeeze or to acquire additional cryptoassets for leveraged exposure. To illustrate the concept, let us use the example of MakerDAO, a decentralized protocol that is used to issue the USD-pegged Dai stablecoin. First, the user deposits ETH in a smart contract classified as a collateralized debt position (CDP) (or vault). Subsequently, they call a contract function to create and withdraw a certain number of Dai and thereby lock the collateral. This process currently requires a minimum collateralization ratio of 150 percent, meaning that for any 100 USD of ETH locked up in the contract, the user can create at most 66.66 Dai.6 Any outstanding Dai is subject to a stability fee, which in theory should correspond to the Dai debt market's maximum interest rate. This rate is set by the community, namely the MKR token holders. MKR is the governance token for the MakerDAO project. As shown in Figure 3, the stability fee has been fluctuating wildly between 0 and 20 percent. To close a CDP, the owner must send the outstanding Dai plus the accumulated interest to the contract. The smart contract will allow the owner to withdraw their collateral once the debt is repaid. If the borrower fails to repay the debt, or if the collateral's value falls below the 150 percent threshold, where the full collateralization of the loan is at risk, the smart contract will start to liquidate the collateral at a potentially discounted rate. Interest payments and liquidation fees are partially used to "burn" MKR, thereby decreasing the total MKR supply. In exchange, MKR holders assume the residual risk of extreme negative ETH price shocks, which may lead to a situation in which the collateral is insufficient to maintain the USD peg. In this case, new MKR will be created and sold at a discounted rate. As such, MKR holders have skin in the game, and it should be in their best interest to maintain a healthy system. It is important to mention that the MakerDAO system is much more complicated than what is described here. Although the system is mostly decentralized, it is reliant on price oracles, which introduce some dependencies. Final comment guys, the best oracle is LINK, which I am also bullish on & will touch on in a future date. Additional Citations: -Federal Reserve Bank of St. Louis: research.stlouisfed.org -Whitepaper makerdao.com -Similar to how as shareholders we can vote with our underlying equity. MKR holders can go onto the Maker Governance Dashboard and vote on proposals and decisions and in a decentralized manner make decisions that will benefit the stability of MakerDao. -Maker Governance Dashboard: vote.makerdao.com -How to vote: We can likewise see the mean (red line has caught up to price and is strongly pointing up). The mean reverting to price, or mean reversion indicates to me that we may tag it and then continue higher on our trend as the mean continues higher. A great way to spot the trend is just to see what direction it is pointing.
COINBASE:MKRUSDLong
by ZenMode
6
Is it too late to long Bitcoin?Feeling late to the crypto party? Please friends keep in mind that less than 0.5% of the planet are long Bitcoin yet. As I have said, even on the terms of thinking generationally, we are still in the genesis. As Lord Elon Musk himself stated recently, "There is a good chance crypto, is the future currency of earth." My take as has been consistent through this whole bull market, is "nibble on dips and enjoy the rips". My plan for bailing on my massive bitcoin position is when the Fed starts touting raising interest rates. What happened with Bitcoin literally this week? Fed comes out publishing a paper mentioning strengths the DeFi network will bring to consumers research.stlouisfed.org Fed's academic paper literally mentions wrapped Eth -right on their website. Miami FL proposes for local taxes to be paid in Bitcoin, and for employees to have a percentage of wages paid in Bitcoin. nypost.com Nigerian Senate advises that "Bitcoin has made our currency almost useless or valueless"... just shocking Jack Dorsey & Jay Z invest 500 BTC to make Bitcoin "Internet Currency in an endowment to fund development in Africa & India" techcrunch.com BNY Mellon (America's oldest bank) offers institutions access to Bitcoin www.wsj.com JPMorgan co-president and COO Daniel Pinto has said that the banking giant will support bitcoin trading if there is client demand for it. Exciting times friends. And I must advise that if you even view Bitcoin as a moonshot - even moonshots deserve a small bit of exposure within any portfolio aiming at the stars. This is not financial advice, but my personal opinion as I have certainly partake in this mindsight with much more than a small bit of exposure as the bull market clearly unfolded. www.theblockcrypto.com Additional Citation: finance.yahoo.com www.cnbc.com twitter.com
BYBIT:BTCUSD.PLong
by ZenMode
11
Uniswap (UNI) $20 Support Forming Road to $27?What a magnificent performance we have been witnessing from Uniswap since the begging of this year. Cheers to everybody that has held to $20! Every hodler, trader, and investor should be excited and thankful for the explosive growth that we have been seeing with Uniswap and within the Decentralized Finance (DeFi) realm overall. Almost every week we have been seeing the DeFi sector increasing Total Value Locked (TVL) by the billions. It is very refreshing and reassuring to see Uniswap hugging the 2.618 Fibbonacci level of $20. Many believed we'd dump right after $20 but that doesn't seem to be that case so far. We've traded through $20 five times starting to form the basis of a $20 support area. As of right now we have a low support of $17.80 and a resistance of $21.56 The next destination for Uniswap will be the 3.618 Fibonacci level putting us at a new all time high target of $27.00 if this momentum continues. So far Uniswap just reached a milestone of 30 Billion dollars in Total Value Locked (TVL) and is nearing 4 Billion dollars worth of liquidity. Uniswap is only about 2.8 Billion dollars away from Binance's 8.6 Billion dollar market capitalization. If we continue this bullish momentum througt 2021 there's doubt in my mind that Uniswap will eventually be the biggest cryptocurrency exchange overtaking Binance. Uniswap is truly a game changer and as always I'm keeping a nice bag of UNI for the long term. Much Peace and Love! Cheers!
COINBASE:UNIUSDLong
by peacefuljustin
6
Uniswap (UNI) to $20? In Price Discovery Phase Good morning everybody! Congratulations to all the Uniswap Hodlers and Investors. We've sailed through our previous all time high of $8.70 and now it's forming to be a solid zone for support. Resistance becomes support, that's always a good sign. As of now Uniswap is in price discovery phase so I heavily caution people taking positions at these levels. I'm just not the kind of person that buys at the top especially at new all time highs. Uniswap has a lot of steam but please always bare in mind that it is overbought and past 70 on the Relative Strength Index (RSI). But that's just my personal preference. I'm calling for a $20.00 Uniswap by March if we continue to grow at this pace. Another 100% increase from $10.00 will put Uniswap at $20.00 which is not a farfetched price target at all. This will put Uniswap at a total market capitalization of $6,000,000,000 doubling from where it is currently. These are reasonable goals considering what Uniswap is. Uniswap is a Decentralized Exchange (DEX) meant to easily trade coins and create liquidity without any human involvement or corporate hierarchy. Meaning you will never need to divulge your personal information or identity to start using the platform. This is extremely powerful and attractive to many investors and traders alike. With this being said it is already a function product and platform being heavily utilized every second. Decentralzied Finance (DeFi) is the future and as DeFi grows so will Uniswap. Uniswap is becoming the Binance equivalent of the DeFi ecosystem and is the current leader of Decentralized Exchanges (DEX's). It is already listed on Coinbase as well. I see Uniswap continuing to perform extremely well in the months to come. Cheers! Much Love and Peace!
COINBASE:UNIUSDLong
by peacefuljustin
6
The only rational way is up!Hello, I decided to not draw any crazy lines, trends, moons or anything like that etc. I am sharing only long term view at SCBTC chart to see that SC cannot go much lower and with upcoming news, partnership, application and adoption I see only one way - up! (well, if BTC will go straigt to 100K than maybe we can dip a little bit lower). I invest in SC because I believe it! If you do a little research, maybe you will start belive as well as Sia, Skynet, SkyDB is amazing and very similar to the King BTC (just in different area of application). There are plenty amazing things happening in the background and also plenty open doors with oportunities to be build on top of Sia. Adoption just needs time (it was the same with TV, Internet and other things which are very comon today). Altcoin market is very wide and full of scams, but Sia definitely is NOT one of that. Sia team is working hard with focus on their vision, roadmap and real world application and marketing was almost ignored during the develepment period. This may change soon as new marketing person was hired into the Sia team. SC is not only good investment (value will increase with adoption) but it is also great utility coin as it gives you very cheap way to store you data in fully decentralized way, stream your movies directly to TV or other devices or build decentralized internet => WIN-WIN. check sia.tech, siastream.tech, siasky.net ... Not an financial advice.
Long
by MrCrypto007
4
LONG BAL with stops and profit targetsLong BAL - Expecting Reversion to POC @ 13.76 Stop: 10.78 Profit Target 1: 12.00 Profit Target 2: 13.76 or Trail with a multiple of a Lower Time Frame ATR ======================================================= Balancer is a non-custodial automated portfolio manager, liquidity provider, and price sensor. The big idea of Balancer is, it is a new financial primitive that combines asset management and decentralized exchange. In traditional finance, this is similar to combining Fidelity asset management and NASDAQ’s exchange, then distribute NASDAQ’s trading profits to Fidelity’s asset holders.
Long
by HodlTradeCrypto
Crypto.com CRO - Another Contender for BinanceCrypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao. one of decentralized exchanger. if u see the chart, it on the lowest point for support now. commonly if it break the support then, it will go lower. but if failed, it going up again. i quite dislike decentralize exchanger today. as now the put a very high minimum to but a crypto. i never try this one myself. i buy a token first. who knows might crossing Binance exchanger soon. very cheap at the moment. Current rank 20 $0.063825 USD (-3.07%) 0.00000337 BTC (-0.60%) 0.00010834 ETH (1.06%)
by doqstrader
8
Can it break out & key resistances to watch for next*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:CGLDUSD
by CryptoRush_
ANT on the next Bitcoin spike in 2022Please, this is only my opinion and the price I am looking at for Aragon into the middle of 2022 is between $1200.00 and $1400.00 per token. Given the recent move by Tim Draper with his $1 million dollar investment into Aragon plus the wide DAO market that is before the Aragon organization, I am very confident that we may be able to reach these insane price valuations. Granted, Tim Draper is not 100% on the money with his calls but I have to give it to him for thinking outside of the box here and into the broader blockchain sphere of reality. If the DAO's that come on board with Aragon is successful then Aragon could literally explode in price. I know that I will get ridiculed here but oh well such is the life of a crypto dreamer.
ALong
by altcoinb
When will SKY finally wake up ?There has been some big volume coming in lately ! Look at the white rectangular box ! Massive green volume candle !! There is evidently BIG MONEY interested in this project - even if it seems to be a sleeper ! It has been difficult non to sell a portion of my 3rd biggest holding. I was tempted to allocate funds to some project that made 4 - 5 - 6 - 7 or even 10 x for me !! However I held strong ! Something in my guts is telling me this one is worth waiting. RSI is showing some parabolic strenght. OBV is ticking up - even if the rise is not linear. BIG BASE - BIG MOVE - have told me those that taught me Technical Analysis. Keeping a close eye on SkyCoin !
SLong
by Dangermousebanana
2
An In-Depth Lesson on Risk-Reward [XRP/USD]In this technical analysis on XRP/USD I will be mainly talking about the theme of risk and reward. Also we'll be touching a little bit on horizontal support and resistance. Risk-Reward is a powerful concept in trading. It allows you to manage your portfolio smartly and allows you to not have to be right all the time. You cannot be right a 100% with your trades, and the beauty is you don't need to be. I don't understand all the hate on Tradingview in the comments when somebody makes a call and it turns out it is all wrong. This happens, it can happen, and it's all fine. If you manage your risk in a basic way, I'd say that a 51% win rate is enough to become rich over time. But the beauty of proper risk management is that even a win rate of 20% can allow you to gain money over time. As long as your rewards are significantly higher than your losses. In this trade I'm going to display that. We will be using the age-old concept of buying low and selling high. Using the horizontal support zones you can get a feeling of what "low" and what "high" means on a chart. Prices near the horizontal support are "low" and prices near the horizontal resistance are "high". It's really that simple. The price has been around the horizontal support zone already for quite some time, and the zone got confirmed a lot. This is a fantastic buy opportunity. There is a high chance that the price will go up. We have a clear exit strategy (stop loss directly below the horizontal support, take profit directly below the horizontal resistance), and there is more to be gained than to be lost. Good luck! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:XRPUSDLong
by Trading-Guru
9