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Dodobtc

DODOUSDT - BULLISH SIGNAL UPDATE!!As you all know, DODO is not performing well from last 11 Months and according to the Chart patterns, BULLISH Pattern is formed, Breakout formation is also nearly there and also indicators e.g. RSI showing bullish signal. DYOR Before taking trade, as I'm not responsible for your loss. RISK FACTORS: Market/ BTC CRASH Duration: MID TERM TRADE (2 - 6 Months) Happy Trading :) Good Luck! If you like my idea, please support: Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
Long
by SignalSpot
Did you miss the FIrst Opportunity on DODOBTC? In case you missed the first opportunity that presented itself for a buy of DODO with some BTC, this analysis shows that you can still join the train and get yourself some DODO with your BTC. As usual, we see basic Market structure and Price doing it's thing. After a break of structure, the market is doing another complete retrace which coincides actually with the FIB 61.8%. This is very interesting because, we can a see a rejection or a bounce off the TL and also, this is a double Bottom into place. All of this a showing Buying pressure on DODO. In a short term, we are looking at the -0.272 for target1 and -0.5 for the target2. N.B: This is not a financial advice. Make sure to do your own research on the pair, make good use of risk and money management cause as we all know, the Crypto market is a very volatile market.
Long
by PrimeTradeX
3
DODOBTC: important level" What Is DODO? DODO is a DeFi protocoldecentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward. DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens. DODO’s smart contract operates as an ERC20 token on the Ethereum network. Who Are the Founders of DODO? Dodo was officially launched in August 2020, founded by Diane Dai, Radar Bear and an anonymous development team. It initially attracted a $600,000 seed round led by Framework Ventures. The team announced in September 2020 that it had successfully completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs and Three Arrows Capital. The private sale round also attracted investment from several other prominent venture capital firms, cryptocurrency exchanges and trading firms that include Coinbase Ventures, Galaxy Digital, CMS Holdings and Alameda Research. What Makes DODO Unique? DODO positions itself as one of the most competitive liquidity providers that offers very low transaction fees and price slippage through its PMM algorithm, first conceived in April 2020. The team claims their PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve. The PMM collects funds near market prices to establish enough liquidity, which drops quickly the further the price moves from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity provider portfolios stable. This ensures more favorable pricing, higher fund utilization and decreased price slippage, single risk exposure and no impermanent loss (explained here). For traders, DODO offers sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Arbitrageurs can also take advantage of price differences between DODO and other exchanges. Liquidity providers are not required to make a minimum deposit and are not restricted on the type of asset they provide. LPs can create their own trading pairs, deposit their own tokens to negate price risk and also collect a portion of DODO transaction fees as rewards. DODO also attracts new crypto projects with a free listing as an Initial DODO Offering (IDO). Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only need to deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth. To start an IDO, a project needs to only set the oracle price to a constant. Liquidity is improved by depositing more quote tokens." source: CMC
by sequentialvision