Breakout on Battery Production NewsPositive divergence can be seen on a yearly basis with MACD leveling out crossing into positive territory.
SP appears to have formed a double bottom and is currently breaking out from a narrower down trend.
Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend.
The SP collapsed last year as a result of the public offering in December, cash burn rate and a gross loss for the most recent quarter.
Revenue YoY has grown 142% and revenue growth FWD is 118%. With the high growth rate and being profitable on a yearly basis, a PE of 22 is cheap.
Growth
Is it Worth Buying MSFT Today ?Microsoft Corporation, the American multinational technology company, has been one of the most prominent companies in the tech industry. Founded in 1975, the company’s market capitalization was $2.15 trillion, as of April 18, 2023. The company has had a strong revenue growth, reaching $198.27 billion in 2022, with projections of $262.57 billion in 2025. This growth has been fueled by several products, including Windows, Office Suite, Xbox, and LinkedIn, among others.
The company’s financial statements show strong performance, particularly in revenue, with an impressive compound annual growth rate of 13.3% between 2017 and 2022. The company has also maintained a good profitability level, with an average EBIT margin of 41.4% between 2017 and 2022. However, the company’s net income margin has been fluctuating between 2017 and 2022, reaching its highest at 36.5% in 2021 and its lowest at 31.0% in 2018.
The company's valuation ratios have been at reasonable levels over the years. The price-to-earnings (P/E) ratio has ranged from 26.6x in 2022 to 35.3x in 2020. The P/E ratio is expected to reach 23.0x in 2025. The price-to-book (P/B) ratio has ranged from 11.5x in 2022 to 14.3x in 2021, and it is expected to reach 6.54x in 2025.
Microsoft Corporation's enterprise value (EV) to revenue ratio has also remained reasonable, ranging from 9.4x in 2022 to 11.7x in 2021, while its EV to EBITDA ratio ranged from 19.1x in 2022 to 24.1x in 2021. The company's enterprise value over free cash flow (EV/FCF) ratio was at 28.6x in 2022, and it is expected to reach 22.6x in 2025.
The company has a strong balance sheet, with net cash position ranging from $54.98 billion in 2022 to $135.17 billion in 2025. The company's free cash flow (FCF) margin has been reasonable, ranging from 32.9% in 2022 to 34.0% in 2025. Furthermore, Microsoft has maintained high return on equity (ROE) ratios of over 30% since 2018.
In light of the above financial performance, it is not surprising that analysts have a positive outlook for the company's future. They estimate that the company's net income will increase from $92.49 billion in 2025 to around $ billion in 2027, while the earnings per share (EPS) will reach $14.4 in 2027, according to the consensus of Wall Street. Moreover, the company's management has a history of generating high shareholder returns, primarily through share buybacks and dividends. The company’s dividend yield has ranged from 0.83% in 2021 to 1.13% in 2025, and it is expected to remain stable in the future.
Overall, Microsoft is a highly profitable and financially stable company, with strong growth potential in its cloud computing and artificial intelligence segments. While its current P/E ratio of 26.6x may seem relatively high compared to historical averages, it is still within reasonable range for a tech company with its growth prospects. The company's strong net cash position and negative leverage ratio further demonstrate its financial stability.
In conclusion, I believe that Microsoft is a strong investment opportunity for long-term investors. While short-term volatility and market fluctuations are always a possibility, the company's financial strength and growth potential make it an attractive option. With its continued investments in cloud computing and artificial intelligence, Microsoft is well-positioned for success in the rapidly evolving technology landscape.
Is It the Right Time to Buy Apple StockAs an avid follower of the tech industry and an investor myself, I've been keeping a close eye on Apple Inc. This technology giant, known for its innovative products and services, has consistently piqued the interest of investors. As of April 2023, many people are wondering if now is the right time to buy Apple stock. In this article, I'll dive into Apple's historical performance, recent financial ratios, market outlook, risks, and challenges to provide some insight into whether it's the right time to invest in Apple shares.
1. Historical Performance of Apple Stock
a. Long-term growth
I've observed that since the early 2000s, Apple's stock has experienced exponential growth, primarily driven by the company's success in launching groundbreaking products like the iPhone, iPad, and Apple Watch. Apple's stock reached a record value of over 500 USD in 2020, showcasing the company's ability to maintain its dominant market position.
b. Performance between 2021 and April 2023
In the period between 2021 and April 2023, Apple's stock continued its upward trajectory, albeit with occasional dips due to market fluctuations and global events. Despite these temporary setbacks, the overall trend remained positive, highlighting the company's resilience and adaptability.
2. Key Financial Ratios (as of April 2023)
a. Price-to-earnings (P/E) ratio
As of April 2023, Apple's P/E ratio stood at around 35. A high P/E ratio is indicative of investor confidence in the company's ability to generate earnings in the future. I've seen the P/E ratio fluctuate in the past, but the current figure suggests that investors remain optimistic about Apple's prospects.
b. Debt-to-EBITDA ratio
Apple's debt-to-EBITDA ratio has been maintained below 1, a sign of prudent debt management. This indicates that Apple has ample earnings to cover its debt obligations, which is a positive signal for investors like myself.
c. Price-to-sales (P/S) ratio
At around 9, Apple's P/S ratio implies that investors are willing to pay a premium for the company's sales. A high P/S ratio is often associated with high-growth companies, suggesting that investors anticipate continued growth in Apple's sales.
d. Price-to-book (P/B) ratio
Apple's P/B ratio, at approximately 32, is higher than the industry average. This ratio reflects the value investors place on the company's assets, indicating that the market perceives Apple's assets to be of high quality.
e. Price-to-free-cash-flow (P/FCF) ratio
With a consistent P/FCF ratio of around 33, investors are paying a premium for Apple's ability to generate free cash flow. This is an important metric for investors like me, as it indicates the company's financial flexibility and capacity to fund future growth initiatives.
3. Recent Developments and Market Outlook
a. Apple's financial performance in 2022 and early 2023
Apple has exhibited solid revenue and earnings growth in 2022 and early 2023, driven by the success of new product launches and innovations. This strong performance demonstrates the company's ability to maintain its competitive edge in the ever-evolving tech industry.
b. Projected growth in the tech industry for 2023 and beyond
The tech industry is expected to continue its rapid growth, spurred by advancements in 5G technology, artificial intelligence, and machine learning. Apple's product pipeline aligns with these industry trends, placing the company in a favorable position to capitalize on emerging opportunities.
c. Apple's innovation and product pipeline for 2023 and beyond
Rumors of Apple's augmented reality (AR) products and the potential expansion of its ecosystem through new services suggest that the company has a robust innovation strategy for 2023 and beyond. As a result, Apple is well-positioned to maintain its status as an industry leader and continue to grow its market share.
d. Comparison with other tech giants
When comparing Apple's market performance and valuation with other tech giants, it becomes evident that the company remains a strong contender in the technology sector. Apple's competitive landscape and market share continue to be favorable, further solidifying its status as a dominant player in the industry.
4. Risks and Challenges
a. Regulatory and geopolitical concerns
Apple faces ongoing regulatory challenges, such as antitrust investigations, which could impact its business operations. Additionally, trade disputes and potential supply chain disruptions may pose risks to the company's growth prospects.
b. Market volatility and economic factors in 2023
Interest rate changes and global economic conditions could create market volatility that affects Apple's stock performance in 2023. As an investor, I consider these factors when assessing the potential risks and rewards of investing in Apple shares.
c. Competition and market saturation
The tech industry is known for its fierce competition and rapidly changing landscape. Apple must continue to innovate and adapt to maintain its market share and stay ahead of emerging competitors. Market saturation in certain product categories may also pose challenges to the company's growth potential.
Conclusion
Taking into account the financial ratios, recent developments, and market outlook, Apple appears to be a strong investment option as of April 2023. However, investors should weigh the pros and cons based on the most recent data and consider their personal investment goals and risk tolerance before making a decision. As for me, I remain optimistic about Apple's future, but I also recognize the importance of staying informed and making well-informed decisions.
Can crude oil continue to rise?On the news side, the IEA monthly report on Friday was released. The International Energy Agency said in its monthly report on Friday that world oil demand will grow to 2 million barrels per day in 2023; on the supply side, OPEC+ production cuts may lead to supply shortages in the second half of the year, which also restricts the decline in oil prices to a certain extent.In addition, the current entry of daylight saving time, more travel demand itself has reached the peak season of oil, and oil prices will be boosted by demand from many aspects and will usher in a new wave of increases.
Judging from the recent trend of crude oil, crude oil stepped back to 81.6 twice on Friday and was steadily caught by the bulls, indicating that the support below is strong and the rise will continue, so for the short term, continue to maintain the bullish thinking.Moreover, under the current pressure on oil prices, the strength of the pullback is limited, and oil prices have been fluctuating below 83.5 for the past five months. Once the resistance in this area is broken, it is expected to accelerate the rise and enter a new trading range.
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❗ Bitcoin struggles to hold onto $30,000, nears critical supportIs the current consolidation in Bitcoin's ascent only a pause on the way to higher levels? That is what Cathie Wood thinks. The influential investor has always been bullish. On the other hand, renowned hedge fund manager ay Dalio is skeptical.
On the one hand, regulation is weighing on digital assets, but hopes for the end of Fed hiking is a positive development.
The 4h-chart shows a loss of upside momentum, but BTC/USD's hold of the 4h-50 SMA means bulls are holding up.
Support is at HKEX:29 ,706, followed by HKEX:29 ,230 and HKEX:28 ,819. Resistance is at HKEX:30 ,580, followed by HKEX:31 ,043 and HKEX:31 ,734.
Why Investing in Tesla Might be a Smart MoveIn the rapidly evolving world of electric vehicles (EVs), Tesla has emerged as a clear industry leader, spearheading groundbreaking innovations and garnering a reputation for pushing boundaries. With the release of the Tesla Master Plan Part 3, it's evident that the company continues to forge ahead, making a compelling case for investment. In this article, we will delve into the key reasons why investing in Tesla is a strategic move for forward-thinking investors.
1. Ambitious Vision:
The Tesla Master Plan Part 3 showcases the company's ambitious vision to revolutionize transportation and energy sectors. From electric cars and trucks to energy storage solutions and solar energy, Tesla's mission to accelerate the world's transition to sustainable energy is driven by a commitment to innovation and environmental responsibility.
2. Market Leadership:
Tesla's dominance in the EV market is undeniable. As of 2021, the company held a staggering 79% market share of the US EV market. With a strong brand presence, Tesla has become synonymous with electric vehicles, leaving competitors trailing in its wake.
3. Vertical Integration:
Tesla's vertically integrated business model enables the company to maintain control over every aspect of production, from battery manufacturing to vehicle assembly. This level of control allows Tesla to reduce costs, improve efficiencies, and rapidly scale production to meet growing demand.
4. Technological Advancements:
Tesla is a pioneer in battery technology, charging infrastructure, and autonomous driving systems. As the company continues to invest in research and development, these technologies are expected to become more efficient, further cementing Tesla's status as an industry leader.
5. Global Expansion:
Tesla's expansion into international markets, such as China and Europe, presents significant growth opportunities. As the demand for electric vehicles grows globally, Tesla is well-positioned to capitalize on this trend by increasing production capacity and expanding its global footprint.
6. Energy Solutions:
Tesla is not merely an automaker but also an energy company. With products like the Powerwall, Powerpack, and Solar Roof, Tesla is poised to disrupt the energy market by providing consumers and businesses with sustainable energy solutions.
Tesla's ambitious vision, market leadership, vertical integration, and technological advancements make it a compelling investment opportunity for those looking to ride the wave of the electric vehicle revolution. As the company continues to expand globally and disrupt the energy sector, Tesla's future looks bright, offering investors the chance to be a part of a world-changing movement. So, buckle up and get ready for the electrifying ride that is Tesla.
$ID Rally - #SPACEID Could Surpass $1 USD SoonDisclaimer: I do have a BAG of ID
My opinion:
I'm thinking on or around Sunday evening we could see a 1 USD ID price... reasons why;
Strategy: Accumulate & Chill.... how long am i holding for? I have no intention of selling b/c of the DAO they're forming. So these tokens do have a "governance" role. And in Q4 they can be staked for discounts in the marketplace. Currently the APR's on Binance are generous. Pancakeswap's APR was generous imo. So there's strong incentive for a rapid growth in marketcap.
Fundamentals for your consideration:
i) Binance has allowed leveraged trading which has seen significant volume pump into $ID. Do note when people state that it seems "manipulated". A billion in volume is par the course, during the TGE 2.8BN in BNB was pledged by eager hodlers. So understand that any point this marketcap could swell beyond $3BN at the blink of an eye.
ii) Current market cap and price point is appealing, because unlike the ENS drop... user's are seeing the opportunity to hold something with growth in mind. At present price lvl's user's can look to the roadmap for insights on why token price is likely to surge in a Bull Market of its own. DYOR, NFA... but on the horizon there's a NFT gated merch store, Universal TLD's (Domains).
iii) Significant Milestones Reached -
- Domains Registered: 701,646 SID | Holders: 495,507 addresses
- ID Holders: 60,247 addresses
- BSC Scan & other integrations make the project a juggernaut in web3 identity
- .ARB & .ETH support in the marketplace
- The domain market place does significant volume in trading daily
- In pure sales volume, they're #2 & they did that in 6 months
Something not commonly discussed is that the team actually achieved a lot of their roadmap rather early, hence why more has been added to their roadmap. The project has a solid team of developers buidling. There incubated and backed by Binance Labs. There second seed round raised $10M USD (Polychain Capital + dao5). Not often discussed is the sheer size of opportunity to grow. Remember Binance has 26 million website visitors.... and Binance is invested in twitter... and twitter just announced a partnership with eToro to provide crypto & stock prices on the platform. #SPACEID in theory now has access to 450M (2022) plus twitter users ....
Again DYOR + NFA... this also doesn't factor in the mega bullrun to come with the Litecoin & BTC halving's ahead. When in doubt zoom out. I'm the least bit concerned by sideways conditions.
Nagarro SE (NA9): Small Cap Multi-Bagger in Germany.Nagarro SE (NA9) is a global software engineering and digital transformation company. It provides services such as software development, cloud computing, data analytics, and user experience design to clients across various industries including retail, healthcare, finance, and manufacturing.
In terms of Nagarro SE's competitive advantages , some of the key factors that set the company apart from its competitors include:
Technical Expertise: Nagarro SE has a highly skilled and experienced team of software engineers, data scientists, and UX/UI designers who are proficient in cutting-edge technologies and frameworks. This technical expertise enables the company to deliver high-quality software solutions that are customized to meet the unique needs of its clients.
Agile Delivery: Nagarro SE follows an agile methodology for software development and delivery, which allows the company to quickly adapt to changing client requirements and market conditions. This approach enables the company to deliver projects faster and with a higher degree of flexibility and scalability.
Global Delivery Model: Nagarro SE has a global delivery model, which allows the company to tap into a diverse talent pool across different geographies. This model also enables the company to provide 24/7 support to its clients and reduce development costs by leveraging the cost arbitrage between different regions.
Client-Centric Approach: Nagarro SE puts a strong emphasis on understanding its clients' businesses and their unique challenges. This client-centric approach enables the company to provide customized solutions that address specific pain points and drive business outcomes for its clients.
Overall, Nagarro SE's technical expertise, agile delivery, global delivery model, and client-centric approach are key competitive advantages that differentiate the company from its competitors in the software engineering and digital transformation space.
As with any company, Nagarro faces various risks that could impact its business and financial performance. Some of the key risks that the company faces include:
Economic and Market Risks: Nagarro SE's business is dependent on the overall health of the global economy and the demand for software engineering and digital transformation services. A slowdown in economic activity or a downturn in the global market could reduce demand for the company's services and negatively impact its financial performance.
Competition: Nagarro SE operates in a highly competitive industry, and faces competition from both established players and new entrants. If the company is unable to compete effectively in terms of price, quality, and innovation, it could lose market share and revenue.
Dependence on Key Clients : Nagarro SE's revenue is concentrated among a few key clients, which increases the risk of revenue volatility if these clients reduce their spending on the company's services, or if the company is unable to secure new clients to replace lost business.
Talent Retention: Nagarro SE's success depends on its ability to attract, retain, and develop top talent in a highly competitive labor market. If the company is unable to attract and retain top talent, it may not be able to deliver high-quality services and meet its clients' needs.
Technological Risks: Nagarro SE operates in a rapidly evolving technology landscape, which requires the company to invest continually in research and development to stay ahead of the curve. If the company is unable to adapt to new technologies or fails to innovate, it could lose market share to competitors that offer more advanced solutions.
Return On Capital Employed (ROCE)
Nagarro has a ROCE of 20%. In absolute terms that's a great return and it's even better than the IT industry average of 15%.
To sum it up, Nagarro has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Given the stock has declined 55% from its highs, this could be a good investment if the valuation and other metrics are also appealing. With that in mind, I believe that the promising trends warrant this stock for further investigation.
Bitcoin if true, more charts linked!I've added a few private ideas to this idea, never knew it was possible to share private ideas in a public idea!
They're all 'to-the-moon' ideas, you'll love em.
S&P EMAs at Historical Critical PointCME_MINI:ES1!
So I opened the chart at the weekend and flicked through the time frames and upon punching the Weekly I noticed the 21EMA and the 89EMAs were pretty tight. I decided the rest of the morning looking through the historical relationship of these two EMAs. It turns out that each time the 21EMA has come down to the 89EMA, there has been a violent reaction. In general, when there are moderate to minimal macros effecting the markets, this reaction represents a strong opportunity to long. In fact, the 21EMA has never dipped below the 89EMA and recovered until months to years later. On the flip side, on the two occasions the 21EMA did dip below the 89EMA, was in 2001 and 2008...two very significant moments in market history.
I also noted that once the break happens the S&P tends to bottom at around 40%-50% of that breaking point. If we were to use today's valuation, a 45% drop from today is around 2200. That is also the bottom of the COVID crash i.e. where the real market was going to be trading before infinite stimulus was provided by the Fed.
I found this interesting as it seems in these troubling times and with a 'nuclear winter' around the corner in Europe, there is a real macro concern for markets. I'm leaning bearish and I think this rally will fail like every rally this year and lead the 21EMA below the 89EMA. Obviously, I react to the chart and should there be a strong reaction off the touch upwards, I will be flipping bullish.
BULLISH GOLD!!(trying to hit ATH)Hello guys ,Today i saw an ascending channel on gold.
the price is trying to breakout and hit ATH.
open your position after the price hit the local support.(wait for green candle,don't open your position fast !)
first target is about 2060.(it's safe to close your position, but you can risk for more profit)
but if it's going to continue the scenario , you can close your order on 2074.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
GBPUSD Intraday IdeaLooks a good break above and rally is not going to stop it will be hawkish. found good zones to enter in trade
Gold going long 60mHello traders
Resistance level is #2021.00 , if the current trend breaks that level you have to wait for a restest since this is a 60m chart.
Is BTCUSD ready for a huge rally because of banking crunchThis MVRV indicator shows Bitcoin has reached its most recent bottom. It also has broken through its HKEX:29 ,000 resistant point, which could drive Bitcoin further up. Another factor driving Bitcoin is the crumbling U.S. banking system, even though mainstream media will not report it. As a result, Bitcoin is at a critical point to be looked upon as a potential hedge against all the coming calamities in the Western markets.
ENPH: Energize Your Investments with a Leading Solar CompanyOne key factor that makes ENPH an attractive investment opportunity is the rapid growth of the solar energy market. According to a report by the International Energy Agency, solar power is expected to become the largest source of electricity by 2035, with a projected compound annual growth rate (CAGR) of 18% from 2020 to 2025. As a leading provider of energy management systems, ENPH is well-positioned to benefit from this trend.
In addition, ENPH has a strong financial position. The company has consistently posted strong revenue growth over the past few years, with a revenue CAGR of 50.4% and 67.8% from 2015 to 2020. Furthermore, the company has a solid balance sheet with no long-term debt and a healthy cash reserve. This financial stability puts ENPH in a strong position to weather any potential economic downturns or market volatility.
Finally, ENPH has a strong track record of innovation and product development. The company has a robust research and development program and has consistently introduced new and innovative products to the market. This positions ENPH to stay ahead of its competitors and to maintain its position as a leader in the solar energy industry.
In summary, ENPH is a strong investment opportunity due to its position in the growing solar energy market, strong financial position, and track record of innovation and product development.
🐕Review of the Dogecoin(DOGE) Project🐕Hello! Today, let's review one of the ✴️cryptocurrency projects ✴️ which is the talk of the town these days, Dogecoin .
Today's project name is ⚛️ Dogecoin , shown as DOGE token⚛️.
As I have said before, I evaluate crypto projects based on various factors .👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at DOGE .
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Project Goals : Dogecoin was created in 2013 as a joke. Dogecoin's goals are centered around creating a fun😁, friendly, and inclusive cryptocurrency that anyone can easily use and access. Dogecoin is the start of what is known today as “meme coins”. One of the main aims of Dogecoin is to be a fast and low-cost alternative to other cryptocurrencies like Bitcoin, making it ideal for everyday transactions and small purchases. But the aim to be an alternative to Bitcoin was made as a joke to stop the Bitcoin maximalists from spreading toxicity in the Bitcoin community💬. This is why I have rated Dogecoin’s project goals 4/10.
✅ Founders : Dogecoin was created in 2013 by two software engineers, Billy Markus and Jackson Palmer. Markus, who had previously worked for IBM, developed the technical aspects of the cryptocurrency, while Palmer, a product manager at Adobe, came up with the idea to base it on the popular "Doge" meme featuring a Shiba Inu dog🐕. Initially created as a joke or a "fun" cryptocurrency, Dogecoin gained popularity among internet communities, especially on Reddit, and became known for its friendly and inclusive culture. Markus and Palmer both stepped away from the project in 2015, with Markus citing personal reasons and Palmer expressing concerns about the cryptocurrency industry's direction. Since then, Dogecoin has been maintained and developed by a decentralized community of supporters and developers with no official leadership or centralized authority. Therefore I have scored Dogecoin’s founders 7/10.
✅ GitHub : Dogecoin's GitHub is an open-source repository where the source code for the Dogecoin cryptocurrency is stored, managed, and updated. It is a central hub for developers and contributors to collaborate on the project and make changes to the codebase. The GitHub repository also includes various resources and documentation for developers and users, such as technical guides, FAQs, and release notes. Dogecoin's open-source nature allows for transparency and community involvement in developing and maintaining the cryptocurrency. The Dogecoin GitHub repository has more than 270 contributors with over 14,000 commits. That is why I have scored Dogecoin’s GitHub 8/10.
✅ Inflation Rate : Dogecoin has a unique inflationary monetary policy that sets it apart from other cryptocurrencies like Bitcoin. Unlike Bitcoin, which has a fixed supply of 21 million coins, Dogecoin has an unlimited supply, with 5 billion new coins added to circulation each year. The inflation rate of Dogecoin is fixed at 5.26% per year, meaning that the total supply of Dogecoin will increase by approximately 5.26% each year. This inflation rate is designed to ensure that there will always be new coins available to incentivize miners to continue verifying transactions and securing the network. I have scored Dogecoin’s inflation rate 6/10.
✅ Community : Dogecoin's community is known for its fun, friendly, and inclusive culture, which has played a significant role in the cryptocurrency's success and popularity. The community is made up of a diverse group of supporters, including investors, developers, traders, and enthusiasts, who are passionate about the currency and its mission.
The Dogecoin community is highly active on social media platforms, especially Twitter and Reddit, where they often share memes, jokes, and updates about the cryptocurrency.
One of the unique features of the Dogecoin community is its strong sense of humor and lightheartedness. The currency's logo features the Shiba Inu dog, which has become a popular meme on the internet, and the community often celebrates milestones with humorous memes and jokes.
Also, Elon Musk is an active member of the Dogecoin community with a significant impact on the project. Since Elon Musk is an extremely influential figure, he has managed to impact Dogecoin’s price through tweets, accepting CRYPTOCAP:DOGE for the sale of certain Tesla products, and even most recently that he changed Twitter’s logo to Dogecoin’s logo for a week. Due to this, I have scored Dogecoin’s community 9/10.
✅ Whitepaper : Dogecoin does not have a formal whitepaper in the traditional sense, as it was created as a fork of Litecoin and was initially intended to be a joke or a "fun" cryptocurrency. However, the original codebase for Dogecoin is publicly available on its GitHub repository, and it provides a technical overview of the currency's features and functionality. Since the project does not have a whitepaper, I have scored it 1/10.
✅ Developers : Dogecoin's development team is largely comprised of volunteers and community members who contribute to the project on a part-time basis. The original codebase for Dogecoin was created by programmers Billy Markus and Jackson Palmer, who have since left the project.
Since then, the Dogecoin development team has expanded to include several core contributors and maintainers who oversee the ongoing development and maintenance of the currency. Some of the current core contributors include Ross Nicoll, Patrick Lodder, and Max Keller, among others.
The development team works closely with the broader Dogecoin community to solicit feedback, implement new features, and address any issues or bugs that arise. The team is known for its collaborative and transparent approach to development, with regular updates and discussions on social media and other online platforms. Therefore I have scored Dogecoin’s developers 7/10.
✅ Tokenomics : Dogecoin is inflationary which means it does not have a maximum total supply. Dogecoin’s tokenomics include a few key features mentioned below:
Inflationary supply : Dogecoin has an inflationary monetary policy, with 5 billion new coins added to circulation each year.
Fixed block rewards : Dogecoin miners receive a fixed block reward of 10,000 DOGE per block. This reward is designed to incentivize miners to continue verifying transactions and securing the network.
Fast block times : Dogecoin has a fast block time of just one minute, which helps to facilitate quick transactions.
But an important factor to keep in mind is that 50% of Dogecoin’s current circulating supply is held just by the top 20 wallet addresses. This makes Dogecoin extremely centralized in terms of ownership. Therefore I have scored Dogecoin’s tokenomics 4/10.
✅ Venture Capital Investors : Dogecoin is a decentralized cryptocurrency and does not have any official VC investors. As a community-driven project, Dogecoin was initially created as a fun and lighthearted fork of Litecoin and has since gained popularity and support from a diverse group of enthusiasts, investors, and traders.
While Dogecoin does not have any VC investors, it has received attention from various high-profile individuals, including Elon Musk, who has been known to tweet about the cryptocurrency and show support for its community. Due to this, I have scored Dogecoin’s VC investors 5/10, even though it does not have any official investors.
✅ Competitor Comparison : Dogecoin is often compared to other meme-inspired cryptocurrencies, which have gained popularity in recent years. Here are some points of comparison between Dogecoin and some of its notable meme coin competitors:
Shiba Inu (SHIB) : Shiba Inu is a meme-inspired cryptocurrency that was created in 2020. Like Dogecoin, it features a cute dog as its mascot, and it has a community-driven culture. However, Shiba Inu has a larger total supply and has faced criticism for its lack of transparency and governance.
SafeMoon (SAFEMOON) : SafeMoon is a cryptocurrency that was created in 2021 and has gained a significant following in a short amount of time. It features a unique tokenomics structure that incentivizes holders to keep their coins in their wallets, which is very ponzi-like. Therefore SafeMoon has faced criticism for its lack of transparency and the potential risks associated with its tokenomics structure.
Akita Inu (AKITA) : Akita Inu is a meme-inspired cryptocurrency that was created in 2021. It features a dog as its mascot, and it has gained some popularity among crypto investors. However, Akita Inu has a smaller community and less widespread adoption compared to Dogecoin.
Therefore I have scored Dogecoin 9/10 compared to its competitors.
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🔔 In conclusion , Dogecoin obtained a total score of 6/10 which is average. But the important point is that Dogecoin is a meme coin after all, which means it will only have value as long as the community stays active and works for the project’s growth. The thing is, there is a high chance of people getting tired of one meme coin and moving on to a newer, more trending one. So if you are thinking of buying some DOGE, it’s best not to put in more money than you are completely comfortable with losing. Many great teams in the crypto space are working on the latest technology in order to build platforms, applications, and protocols that will increase crypto adoption and create a better experience for crypto users. Therefore, in my opinion, it’s best to invest your money in those types of projects instead of meme coins.
Twitter logo changes to DOGECOIN pupHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Bullish for Dogecoin? In recent developments, entrepreneur and philanthropist Elon Musk changes his recently acquired Twitter logo to the Dogecoin Face. Bet you didn't have that on your bingo cards for 2023 ! Although I believe in the strategy of "selling the news" , I do believe that Dogecoin will explode after a short pullback. From a technical analysis, my first target would be the Fibonacci Retracement at 0.236 as pointed out on the chart.
After Elon Musk has successfully acquired Twitter for $44 billion (which has caused a surge in the value of cryptocurrencies, particularly Dogecoin), he has decided to change the look and feel of Twitter. One might image him asking, "why so blue?"
Dogecoin, which was initially created as a joke in 2013, has gained popularity due to Musk's support, who has referred to it as the "people's crypto" and the "future currency of Earth". Musk has also implemented Dogecoin as a payment method for his companies, SpaceX and Tesla, and proposed using it as a payment method for Twitter's premium service.
Incase you missed it, here's everything you need to know about the DXY and the dangers of losing it as the world reserve currency 👀
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USDCAD - SellThis pair has been on a downtrend and has now come and retested a zone major zone that has been hit before. The Dojo bar shows the indecision on the zone and the interest will be in the following bars if the zone is pushed.
Crude Oil Breakout Struggling for Follow ThroughWe started this week off with a massive gap higher from WTI crude, but where is the follow through? The jump from Friday to Monday makes sense on the OPEC production cut news, but the EIA reporting US strategic petroleum reserves (SPR) hit their lowest levels since the week of Nov 25, 1983 barely offers a hiccup of demand-backed bullish interest.
It could be that today's ISM service sector report from the US has revived recession concerns and thereby curbed the demand picture on a higher level, but intraday price action doesn't really give much weight to that view for me. Seeing inside days on very narrow range sessions after a massive gap higher is striking.
Keeping an eye on the 82.50 range high that stretches back to November and then the 38.2% Fib of the bull run from April 2020 low (cutting out the inversion) to June 2022 high at ~83.15. And just above that we have the 200-day SMA at ~84.30.
Are technicals overriding fundamental drive?
What is Non-Farm Payroll and How to Trade It? 📚
Hey traders,
This week, on Friday, we are expecting Non-Farm Payroll Report.
In this educational article, I will try to explain to you why that fundamental data is so important
and I will share with you the insights how to trade it.
Non-Farm Payroll is one of the most important indicators for forex and stock markets in the economic calendar.
Being released on the first Friday of each month by the Bureau of Labor Statistics (BLS), it shows the number of new jobs created by the US economy during the previous month, excluding farm sector, government and not for profit organizations.
NFP accounts for 80% of the US gross domestic product work force.
The non-farm payroll is used by analysts to determine the current state of the economy and to predict the future activity levels.
For that reason, its release usually triggers volatile movements across all Us Dollar related financial instruments.
Being crucially important, remember that NFP is not the only figure released by the Bureau of Labor Statistics.
NFP is the part of the Employment Situation Report that also contains:
Unemployment rate,
Average hourly earnings,
Labor participation rate,
Average workweek.
The main reason, why newbie traders fail in trading NFP release is the fact that they completely neglect the figures of the Employment Situation Report.
Here are some tips how to properly interpret the figures in the report:
1) Non-farm payroll numbers.
It reflects the new jobs' creation pace.
Higher than predicted rate is usually positive for the US stock market,
while the weak rate usually affects that negatively.
2) Unemployment rate.
It reflects the number of unemployed people in relation to a total workforce.
Low unemployment rate is usually very positive for US Dollar,
while higher than expected unemployment quite negatively affects on USD.
3) Average hourly earnings.
It reflects the change of the labor cost.
The fast increase in the labor cost is usually positive for US Dollar,
while the slowing increase is considered to be a bearish indicator for USD.
4) Average weekly hours.
It reflects the average amount of paid working hours.
The increase in average weekly hours is considered to be a very positive factor for US stock market,
while its decrease is considered to be a negative one.
Trading NFP report, the one should consider all the figures from the Employment Situation Report.
All the numbers should be weighed properly and only then the predictions should be made.
Remember that volatility is higher than usual in the hours of news release, for that reason, be careful and never forget to set a stop loss.
USD CHF- Bullish The first thing I want to say is. If this trades breaks out Expect it to Break out heavy. Buyers are rising at the lower price and rejections have shown the seller aren't able to push it lower.
💮Review of the Aptos(APT) Project💮Hello! Today, let's review one of the ✴️cryptocurrency projects✴️ which is the talk of the town these days, the Aptos Project.
Today's project name is 💮 Aptos Project, shown as APT token💮.
As I have said before, I evaluate crypto projects based on various factors .👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at Aptos (APT) .
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Project Goals : Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language independently developed by Meta (formerly Facebook)’s Diem blockchain engineers. The Aptos blockchain aims to achieve the following:
Scalability: To support a large number of transactions per second (TPS) and to minimize transaction💴 costs without sacrificing security. Aptos can theoretically achieve a throughput of over 150,000 TPS.
Security: To provide a robust and secure infrastructure that can protect against various attacks, including 51% attacks and other network disruptions.
Developer-friendly: To offer a user-friendly😊 interface and a suite of developer tools that make it easy for developers to build and deploy dApps on the Aptos blockchain.
Interoperability: To ensure that the Aptos blockchain can interact with other blockchain networks and traditional databases, allowing for greater interoperability and flexibility.
By achieving these goals, the Aptos blockchain aims to enable a new generation of decentralized applications to operate more efficiently, securely, and transparently than traditional centralized applications. This is why I have scored Aptos’ project goals 7/10.
✅ Founders : Aptos was founded by Mohammed Sheikh, also known as Mo Sheikh, and Avery Ching. Mo holds a Master's in Business Administration, and his resume includes BlackRock, the Boston Consulting Group, Ethereum builder Consensys, and Meta (formerly Facebook). Avery Ching holds a PhD in Computer Science🖥 and has spent most of his career working as a principal software engineer at Meta, which is one of the highest positions in the company. This is why I have scored the Aptos founders 8/10.
✅ GitHub : Aptos Labs has a public GitHub repository that contains the open-source code for their Aptos blockchain platform. The repository includes various software components, including the core blockchain protocol, smart contract libraries, and various developer tools.
The Aptos Labs GitHub repository is a valuable resource for developers interested in building decentralized applications (dApps) on the Aptos blockchain. The repository is regularly updated with new features, bug fixes, and other improvements, and developers are encouraged to contribute their own code and ideas to the project.
In addition to the open-source code, the Aptos Labs GitHub🌐 repository also includes documentation and tutorials that guide how to use the platform and build dApps on top of it. This makes it easier for developers to get started with the Aptos blockchain and to take advantage of its unique features and capabilities. The Aptos GitHub repository currently has over 400 contributors with more than 17,000 commits which made our experts score Aptos’ Github 8/10.
✅ Inflation Rate : Aptos launched its Mainnet with an initial total supply of 1 billion tokens in October. With new tokens minted through transaction fees and staking rewards, the total supply of Aptos has reached 1.024 billion during the past 6 months. This means Aptos has had 2.4% inflation over 6 months, and knowing this, I can say that the $APT token inflation rate is at least 4% annually. This inflation rate isn’t awful, but it also isn’t very great looking at Bitcoin’s current 1.8% inflation or Ethereum being deflationary, which is why I have scored $APT token’s inflation rate 6/10.
It's important to note that inflation rates can change over time as the underlying blockchain protocol is updated or as market conditions shift, so it's possible that the inflation rate of the $APT token could change in the future.
✅ Community : Aptos team has been actively working to grow their community through social media activity and other methods. The Aptos Twitter account has over 375K followers, their Discord channel has almost 150K😈 members, and they are also active on platforms such as LinkedIn and Medium. Therefore I have scored the Aptos community 7/10.
✅ Whitepaper : The Aptos whitepaper explains the founders’ vision in detail. It talks about the new smart contract programming language called Move, which is based on Rust. Also, the logical data model for Aptos is thoroughly explained in the whitepaper. The technologies used in Aptos, such as parallel transaction processing for achieving higher throughputs, are also explained in the whitepaper. The Aptos Whitepaper being complete and detail-oriented, has made our experts score it 8/10.
✅ Developers : Since the project was founded by people with great experience in tech companies, its developers can only be up to their standards. According to the Aptos website, more than 350 developers are currently working on the Aptos blockchain. The GitHub repository for Aptos also shows more than 400 contributors submitting commits. But you should also know that even though the devs claimed that the Aptos blockchain could process 150,000 TPS, on the day of its Mainnet launch, only 4 transactions were getting confirmed per second, and the blockchain was facing a lack of users. This is why I have scored the Aptos developers 7/10.
✅ Tokenomics : Aptos launched its Mainnet with an initial total supply of 1 billion tokens, of which 510 million were distributed to the community, 190 million to core developers, and the rest to the Aptos Foundation and private investors. Tokens held by private investors and core contributors are subject to a 4-year lockup schedule. The Aptos Foundation holds 410 million tokens, which will be released over the next 10 years, with 125 million available initially to support ecosystem projects, grants, and community growth initiatives. Rewards for token holders who stake their tokens start at 7% annually and decrease to a lower bound of 3.25%. Community sentiment has been critical of the large allocation for developers and also the Aptos team has not been transparent about their tokenomics and average retail investor has to really dig in to find some valuable information, so I have scored the Tokenomics for Aptos 6/10.
✅ Venture Capital Investors : Aptos collected $350 million from VC investors in a funding round. The investors included Tiger Global Management, Andreessen Horowitz, Paxos, BlockTower Capital, Circle Ventures, Multicoin Capital, PayPal Ventures, and more. But what raises concern is that Aptos could collect such capital before they had released a whitepaper or provided any details about their tokenomics. This is why I have scored the VC investors of Aptos 6/10.
✅ Competitor Comparison : What makes Aptos separate from all its competitors such as Solana, is its novel smart contract programming language Move. Solana’s founder has reportedly admitted in an interview that the Solana team is really concerned about a competitor L1 with a new execution layer. This, along with the fact that Move is a very developer-friendly language, could mean many devs leaving the Solana ecosystem in order to build on Aptos. Another difference between Aptos and other L1s that I should mention is that tokens on the Aptos blockchain are apparently controlled by the entity that issues them. This means that any token on the Aptos blockchain can be frozen, burned, or minted at will by whoever created it. This is an intentional design choice as the Aptos founder mentioned in a panel discussion that the Aptos blockchain can comply with regulations. This point creates concerns about censorship and the decentralization of the project, which is why I have scored Aptos compared to its competitors 7/10.
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🔔 In conclusion , Aptos obtained an overall score of 7/10 which is decent but there are a few concerns about this project that you should keep in mind if you’re considering investing in it. The biggest concern is the ridiculous disconnect between the supposed quality of the project and its transparency and organization. Aptos has technically been in development since 2017 and has had access to unlimited resources for research and development for years. It raised $350 million without a whitepaper or tokenomics, while Aptos Labs had 350 employees supposedly. So why didn’t Aptos completely hammer out the tokenomics of its $APT token? Aptos still lacks a YouTube channel; no information is available on who runs the validator nodes on the Aptos blockchain. There is also no information on which wallets belong to Aptos Labs and Aptos Foundation. These are all concerns that anyone should consider before inventing.
Bitcoin broke the resistance above into April #EasterBullRun !!!I have been following bitcoin for the past 3 months trying to catch the bottom and top of this rally, It's not an easy task so I urge you to take my word as an Easter gift because #BTC just broke the line resistance line above 28K. #EasterBullRun #EasterBullish
As usual, We all know it's not possible to catch the top or bottom of any market but 80-90% accuracy is enough to make you win big !!
Just buy $BTC and hold till 100k !!
