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Suterusu possible rising trend pathBased on the token overview in CoinMarketCap, there is a hard cap of 10 billion SUTER tokens. Of the total supply, 16% were sold in a private fundraising campaign, 3.2% were allocated to Suterusu Foundation, 4.8% were reserved for the team and the remaining 76% will be used for future user growth. The investor tokens were unlocked in Jan. Team and Foundation's token will be unlocked on Oct 10th, 2022. So according to these tokenomics values, the price rising for this token is very likely possible before Oct 10th, 2022. #SUTER #Web3.0 KUCOIN:SUTERUSDT
by Phoenix2012
1
Possible short downside to 47-48$ for a retest of support.We are going higher for the past 3 days, but volume is getting lower on each day. RSI is showing a small bearish divergence for the past days. We have not yet retested the brake out line and 50day EMA with a red candle. This is just an idea, because we cannot go up in a straight line. We are still in an uptrend and ICP will reach higher targets in next days, weeks. Everyone is just publishing the positive here, so lets keep in mind some small bearish scenarios too. Keep it safe and have an awesome day! Hit a like if you appreciate my thoughts.
by UnknownUnicorn26369879
13
Will the recent scam wick repeat or can we hold the trendline?At this moment there is 40/60 chance of us dropping to 40$ range like week ago or holding the new trend line after yesterdays breakout. The chart looks exactly the same, but what's better this time is, that we did break above downtrend and EMAS are crossing as a bullish sign which did not happen last time and if we can keep 48$ then the drop is invalidated. Keep and eye out at this moment as its a break or make move today happening. Leave your thoughts and have a safe trading! Hit a like and follow if you would like to get more updates. Thanks and have an awesome day!
by UnknownUnicorn26369879
16
ICP broke out of long downtrend + EMA 50 and 180 soon to cross!Last night i had a nightmare that ICP dropped to 20$, and its good that nightmares don't come true. As of this moment ICP has broken out of 2 month long downtrend and if today we stay above 48$ and don't fall back to 43$, then the 50 day and 180 day Exponential moving average lines will cross for first time since 6 august(3months ago), at that point we can see a good uptrend to 80$+ Fingers crossed and keep it safe. Do not overleverage as this asset is volatile. Hit a like and follow if you appreciate my comment and have a happy day!
by UnknownUnicorn26369879
3
$ENS DAO Long, Web 3.0 is hereWARNING CONTRACT ADDRESS REFERENCED ALONGSIDE THE CHART IS A SCAM. THE CORRECT CONTRACT ADDRESS IS 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72 I am simply using this chart as a placeholder for now until the $ENS contract officially releases on uniswap . You can verify it from: @ensdomains official tweet $ENS DAO article official site contract code functunality Going long on $ENS dao token. An ENS (Ethereum Name Service) is very similar to a DNS (Doman Name System), where instead of seeing a large hex address whenever you search a contract address, it’ll resolve to something a bit more human-readable like exampleName.eth instead of 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B. It might cost a bit in terms of gas fees to register an ENS, but I believe it’ll be worth it as the airdrop tokens don't have to be claimed until May next year. Even more so considering Web3.0 is around the corner… this could be the next “NFT” collectible. Better stock up on ENS’s for resale on popular names. Much more valuable to collect than an NFT given the high demand of ENS's and low supply of ENS's available. Considering the DNS is estimated to be valued at $8B , $ENS with a similar mcap could make $ENS valued at $80 per token not accounting for distribution flow. Seeing as how 50% of the supply will be locked up in the community treasury, it could be valued at least $160 instead (or 0.035 ETH at eth valued at $4.5k). But with 10% of the supply being available at launch we could see a high of $800 per token (or 0.2ETH at a $4.5k eth) if the fomo is strong at release. I'd argue it could be worth even more per token given the amount of addresses per wallet/contract on the eth ecosystem that will use ENS's out of convenience, compared to how often retail IP addresses dont have DNS's resolved to them unless one is running a webserver.
ELong
by linebands
3
ICP clear scenarios for this bullrun by end of year or 2022 Q1It's as simple as this. The fib levels are almost always correct to some point. The Fib golden ratio is about 1.618, so lets hit that 1000$+ mark. ;) Be safe and take this as a type of lesson of fib levels, not a financial advice. The whole world can be eaten by giant alien until the end of the year, so basically do your own research and only invest what you can afford to lose. Hit a like and follow for some more trend analyses. Have a beautiful and profitable week!
by UnknownUnicorn26369879
2
ICP clear scenarios for this bullrun by end of year or 2022 Q1It's as simple as this. The fib levels are almost always correct to some point. The Fib golden ratio is about 1.618, so lets hit that 1000$+ mark. ;) Be safe and take this as a type of lesson of fib levels, not a financial advice. The whole world can be eaten by giant alien until the end of the year, so basically do your own research and only invest what you can afford to lose. Hit a like and follow for some more trend analyses. Have a beautiful and profitable week!
COINBASE:ICPUSD
by UnknownUnicorn26369879
ICP - Massively underrated project with huge upsideHey! Il keep it simple on ICP, check the chart to see my comments. I have made a huge research on this project and from what I have gathered I am 200% in on it for the short term and long term. I believe ICP can reach a target of 500-1000$ by end of this year and up to 2000$ on 2022. ICP plans are like the start of the 90's when internet was something that no-one had seen before and if they succeed then it will be as large as if not larger than BTC or ETH, raking it in the top5 coins in next year or two. But this is a bullish scenario if the whole market moves up. Basically it will be the blockchain mother of all new blockchains in the future, bringing true decentralization. As we know currently none of the crypto projects is truly decentralized because the whole internet is managed by few huge companies and ICP plans are to change that and give back the power to the people. This is not a pump shill fun coin , this is a massive project with real world problem solving solutions and they are pioneering the way. I agree to disagree with you if our thoughts are not the same. This is my personal opinion on what I have researched. I even can't comprehend the tech that is behind it. There is a lot new to learn. So the Technical at the moment: Possible drop to 26-35 range and then heading up. Best scenario we hold the 40 zone that is a strong support at the moment and we go up from this point. Worst scenario it goes to bear market and drops even under 26. In that case I would be happy to buy even larger bags. Thanks and have a wonderful day and safe trading! Hit a like and follow if you support my idea. :)
by UnknownUnicorn26369879
3
Akash bullish divergenceAkash is a top project with great fundamentals - web3 cloud provider cheaper than AWS, Google etc. The chart does not look as nice as the fundaments but I think this divergence could play out and we could see AKT hitting the resistance at 4$. Many tokens are staked (42% APY) and the price is therefore easy to manipulate. Volume is also there + there was a big token unlock. I am already long and I will be long for few years to come because the idea is really nice, but I'd add some short-time long as well here. Let's go!
Long
by JanLand
HNT (helium) test zone and Buy and HOLD - WEB_3.0HNT (helium) test zone and Buy and HOLD FUNDAMENTAL: Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies Digital assets like livepeer, helium and bittorent have soared in value this year despite the recent slump in cryptocurrencies. By Omkar Godbole Aug 5, 2021 at 12:41 a.m. Updated Aug 24, 2021 at 10:01 p.m. With bitcoin ( BTC , 2.52%) prices stuck in a months-long holding pattern, some cryptocurrency traders are speculating on what might be the next hot market bet: digital assets associated with visions of a decentralized Internet, referred to colloquially as Web 3.0 tokens. Data tracked by Messari and published by Arca Chief Investment Officer Jeff Dorman shows the cryptocurrency sub-sector of "Web 3.0 tokens" gained 22% in the week ended Aug. 1, outshining bitcoin and every other sub-sector, including non-fungible tokens (NFTs). Bitcoin , the largest cryptocurrency by market value, rallied 10%. On a year-to-date basis, tokens associated with decentralized Internet applications have seen an average 244% rise, trailing the NFT sub-sector's 2,726% gain but beating bitcoin's 37% appreciation. Crypto performance Some of the most prominent Web 3.0 coins, such as livepeer (🎯LPT), helium (🎯HNT), and bittorrent (🎯BTT, -2.23%) ( BTT ), are up at least 800% this year, despite a slump in cryptocurrency markets since April, according to Messari. "Seeing the Web 3.0 ecosystem grow exponentially since the beginning of the year and keep the majority of their gains after the capitulation even in May is very positive for the crypto market," Nick Mancini, a research analyst for Trade The Chain, told CoinDesk. "Higher prices are directly linked to increased demand and expansion of services in each layer, and because of this, the ecosystem is able to continue its growth." Web 3.0 refers to a paradigm shift for the Internet run by network participants worldwide and defined by a set of open, trust-minimized and decentralized networks and protocols offering services such as computing, storage, bandwidth, finance and identity. For instance, the Ethereum-based Livepeer protocol offers a marketplace for video infrastructure providers and streaming applications, while Filecoin and The Graph provide decentralized file storage and data management networks. Helium uses blockchains and tokens to incentivize consumers and small businesses to provide and validate wireless coverage and transfer device data over the network. Messari's tracker shows the Web 3.0 tokens sub-sector, which includes over 40 coins, has a total market valuation of $25 billion, excluding oracle provider Chainlink. (The oracle provider is widely associated with decentralized finance and has a market cap of $10 billion). However, just considering prominent projects like The Graph, Filecoin, Helium and Livepeer, the market capitalization of Web 3.0 tokens tallies less than $15 billion. That's just 2% of bitcoin's total market capitalization of $735 billion. But it's similar to the size of the decentralized finance (DeFi) space a year ago. Messari data shows the DeFi subsector now includes 137 assets and is worth over $50 billion. Awaiting Mainstream Attention While the Web 3.0 tokens have outperformed bitcoin and other major coins by a big margin this year, the sector is yet to witness the euphoria or mainstream attention that Bitcoin , Ethereum , DeFi, NFT, and even Ethereum layer 2 projects have received since October 2020. That’s probably because the underlying technology is relatively complex. “Web 3 is not quite as easy as DeFi is to understand, and it's probably 12 months behind DeFi in terms of mainstream awareness,” Kyle Samani, co-founder and managing partner at Multicoin Capital, said. “We expect this to change as consumer-facing applications based on NFTs, social tokens and creator monetization grow over the next 12 months such as Audius, Mirror, and many others.” The DeFi boom began a year ago and has remained intact to date. That sector's market cap has grown from roughly $5 billion in early 2020 to over $50 billion at press time. Samani is confident that Web 3.0 tokens will play catch up as DeFi sometimes gets a bad rep; however, there is no negativity associated yet with the idea of a decentralized internet. Recently, Commodity Futures Trading Commission (CFTC) Commissioner Dan Berkovitz said that DeFi derivatives might be illegal in the U.S. "No one really says that The Graph, an indexing protocol for querying networks like Ethereum and Solana and IPFS, is bad, whereas a lot of people in the existing financial system say that DeFi is bad,” Samani said. "So as the awareness of Web 3 grows, it's hard to see anything but general support and enthusiasm." Institutions Chip In While mainstream adoption is still at least a year away, deep-pocketed investors are pouring money into Web 3.0 tokens. Multicoin Capital is invested in The Graph, Helium, and Livepeer, according to the official website. Grayscale, the world's largest digital assets manager and preferred venue for institutional investors to gain exposure to digital assets, launched a livepeer trust in March. Rayhaneh Sharif-Askary, director of investor relations at Grayscale Investments, told CoinDesk last month that investors are diversifying into Web 3.0 tokens. "It's diversification within the asset class, whether investors want exposure to bitcoin as a store of value, Ethereum for smart contracts," Sharif-Askary said. "And then the other applications beyond that are building upon those networks, and solving other real-world problems," she said, adding that Grayscale's Livepeer trust is structurally identical to the landmark Grayscale Bitcoin Trust ( GBTC ) (Grayscale is a unit of Digital Currency Group, an investment holding company that is also the parent of CoinDesk.) Livepeer's LPT token is up 1,050% this year. The protocol's weekly revenue surged 10-fold to over $10,000 in the February-to-June period, according to data provided by Web3Index. Doug Petkanics, CEO and co-founder at Livepeer, told CoinDesk that online streaming is a $70 billion market and accounts for 80% of the Internet traffic today. Further, the market is set to grow from $70 billion to $250 billion in the next five years, according to analysts' projections, Petkanics said. The prospects for The Graph, and Ocean Protocol are also looking bright , as Messari’s second quarter review said. Aside from the strong use case, many of these Web 3.0 tokens offer attractive yields via Staked, a platform that allows investors to earn yield from staking and DeFi without taking custody of their crypto assets. For instance, Helium's HNT token currently offers an annualized 8.7% nominal yield, while The Graph's the graph ( GRT , 0.40%) offers a 15% yield and LPT offers 30% returns. The high returns led to positive sentiment for these tokens, as reflected in the below sentiment chart. "Traders have been feeling bullish in regard to them, which fuels a network effect," Mancini said. "Traders profit and stake, and, in turn, tell others about the outsized opportunity." The Graph sentiment chart Crypto Market Is Much More Than Bitcoin The days of investors considering crypto markets synonymous with bitcoin are passé. While bitcoin remains the top cryptocurrency by market value, the recent underperformance relative to other coins suggests investors are diving deeper into digital-asset markets to find investments with faster growth potential. "One-week data may not mean much, but if we look over three months, six months, and 12 months, there's a clear shift away from bitcoin into other sub-sectors, Web 3.0 being one of them," Arca’s Jeff Dorman said in a Telegram call. Per Arca's research note published earlier this week, bitcoin has had "both poor up-capture and poor down-capture" this year. In plain English, bitcoin struggled to outperform other major coins during the market-wide downturn observed after mid-April but also underwhelmed as the market recovered in the past couple of weeks. According to Dorman, the data shows that some new investors are bypassing bitcoin and ethereum (ETH, 0.50%) and going directly into other industry sub-sectors. Historically, investors have used the top two coins as gateways.
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by GRAWDAYTRADER
1
AR: UNDOUBTEDLY THE COIN OF THE FUTUREI am expecting a shift in momentum. At least that is what MACD suggests to me. Is a breakout towards the upside impossible? Nope! However, it seems the less likely scenario. The bowl-shaped formation at the bottom spells nothing but bullishness. The same could be applied to the volume. Golden crosses between EMA50 & EMA100 and MA50 & MA100 indicate bullishness. This coin is on my long-term investment list. Because I want to make profits? Yes, but that's not the whole story. I want to benefit the crypto community as well with this investment and be a part of the huge change that will come to pass in the not-so-distant future.
Long
by Djawad_Afsharirad
18
#SKY/BTC : Learning Wyckoff Accumulation Schematic #1 ------------------------------------------------------------------ What is Skycoin? ------------------------------------------------------------------ "Skycoin (SKY) is an open-source, community-owned, hardware-based peer-to-peer internet that leverages the incentive structure of the blockchain. Skycoin’s platform has been billed as 'completely secure, infinitely scalable, and ISP independent' by the project team. Skycoin is focused on security, usability, and ease of use. Skywire, the flagship application of Skycoin, aims to decentralize the internet at the hardware level. Skywire's objectives extend beyond providing decentralized bandwidth - it also aims to offer storage and computation." www.skycoin.com coinmarketcap.com ------------------------------------------------------------------ Skycoin is in a category of Cryptocurrencies called "Web-3", "Web 3.0 is slated to be the new paradigm in web interaction and will mark a fundamental change in how developers create websites, but more importantly, how people interact with those websites." If the Web 3 Category of Cryptocurrencies gets some positive attention or news this would be great for Skycoin also. www.techopedia.com ------------------------------------------------------------------ What is Wyckoff Accumulation? ------------------------------------------------------------------ "One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR ." ------------------------------------------------------------------ A trading range shows us an equilibrium between buyers and sellers, and the Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure. In this particular example on SKY/BTC : Skycoin we can see the highest volume on record was on the buy side when the price fell below the Horizontal Trading Range, if the price can get back inside this area it may be a good clue that it was a fakeout trapping the sellers below the range, and transferring the wealth from the fear striken to the hands of the patient for the next Mark Up phase. See Wyckoff Links below for further knowledge & reference Schematic of Accumulation, I have also included the schematic on the chart. ------------------------------------------------------------------ Source and more great basic intro information for Wyckoff Method: school.stockcharts.com Current Schematic on Skycoin: school.stockcharts.com ------------------------------------------------------------------ If Skycoin can find support at the 0.000045 area then a strong upside movement to 0.000063-0.000076 is possible, in the case of a Alt Season or continuous Crypto Bull Market even higher prices can be achieved once the Trading Range is claimed again. Thank you for reading, don't forget to follow for more educational ideas and Wyckoff Templates.
SLong
by Worth_The_Ri5k
3
ANKR daily looking primed ANKR Daily chart here looking like we have a bull flag / triple bottom in the making. Targets will be back to .13/14 range of resistance From there back to the all time high of .21 then the .618 fib. I feel when we get to that point it runs we will break above the top of the Fib an run towards $1 on the spike/wick before we come back down to the mid .60 range on the first burst. This should start to come to fruition over the coming days and weeks. Unless bitcoin gives us all a middle finger.
COINBASE:ANKRUSDLong
by One5h0t
2
BAND Undervalued ? Ascending Triangle FormationBAND is another one of those coins that I feel is quite undervalued still, It is a cross chain data oracle for the web 3. I see the importance and aim it takes for cross chain implementation is superior to LINK, especially with more ecosystems such as Binance Smart Chain, Huobi ECO, Polkadot, etc. The potential for BAND is much greater than LINK I believe. With LINK sitting at a 17 Billion $ Market Cap, and BAND at a 500 MILLION $ Market Cap. Even a 20x of Market Cap would have BAND sitting at a 10 Billion $ MC, meaning a price of almost 400$. Fundamentally speaking this is one of the coins I suggest having in your portfolio if anything, for the MID-LONG term. Technical analysis side shows BAND following an ascending triangle pattern on the 1D chart, It is about break above the 20$ resistance level which has acted as resistance previously (two red arrows indicating it). Maybe a scenario displayed by the blue path line could be the playout in the short term potentially (could play out much earlier though with current market sentiment), ideally I would like to see a break above the 20$ resistance and a run up to 25$ - 30$, before it comes back down to confirm a S/R flip. Thanks for reading!
Long
by TrippyA