ZKsync $ZK waiting for ETH bullrun? Alt explosion is somewhere.Project description:
ZKsync is a Layer 2 scaling solution for Ethereum that uses zero-knowledge rollups (ZK-Rollups) to provide faster and cheaper transactions while maintaining Ethereum’s security and decentralization.
Type of project:
Layer 2 scalability solution with ZK-Rollups.
Is it under a block?:
Yes, ZKsync operates on Ethereum as a Layer 2 solution, leveraging ZK-Rollups to scale Ethereum’s transaction throughput without compromising on security.
Latest update or news:
As of August 2024, ZKsync launched its zkPorter feature, combining on-chain and off-chain data availability to significantly boost scalability and reduce gas fees for decentralized applications (dApps).
Narrative:
Layer 2 scalability, ZK-Rollups, and Ethereum ecosystem.
Why is it a good investment?
Institutional Backers and Angel Investors:
a16z (Andreessen Horowitz):
Andreessen Horowitz has invested in ZKsync, recognizing its role in solving Ethereum’s scalability challenges through zero-knowledge proofs and ZK-Rollups.
Framework Ventures:
Framework Ventures has also backed ZKsync due to its technical innovations in Layer 2 solutions and its potential to significantly reduce transaction costs on Ethereum.
Union Square Ventures (USV):
USV has supported ZKsync, seeing its potential to become a key infrastructure layer in the Ethereum ecosystem, especially for scaling decentralized applications.
Angel Investors:
Vitalik Buterin (Co-founder of Ethereum):
While not a direct investor, Buterin has been a strong advocate for Layer 2 scaling solutions like ZKsync that focus on zero-knowledge proofs, aligning with Ethereum’s long-term roadmap.
Stani Kulechov (Founder of Aave):
Known for his support of DeFi scalability solutions, Kulechov has expressed interest in ZKsync’s potential to reduce transaction fees for DeFi platforms, though no direct investment is confirmed.
Futuristic Use Case:
Scalability for Ethereum-based dApps:
ZKsync enables decentralized applications on Ethereum to process transactions faster and cheaper by using ZK-Rollups, making it ideal for DeFi, gaming, and NFT platforms.
DeFi cost reduction:
By lowering gas fees and increasing transaction throughput, ZKsync allows DeFi protocols to operate more efficiently, making it an attractive solution for developers and users alike.
Cross-chain interoperability:
ZKsync is working towards integrating with other Layer 1 and Layer 2 solutions, allowing seamless interoperability across different blockchain ecosystems, which will enhance cross-chain DeFi and NFT trading.
Enterprise and institutional adoption:
As enterprises begin to explore blockchain solutions, ZKsync’s ability to scale Ethereum efficiently could attract institutional adoption, offering secure and scalable transaction capabilities.
Why will it make a significant amount of profits?
Unique competitive edge:
ZKsync’s use of ZK-Rollups provides a more scalable and secure solution compared to other Layer 2 solutions like Optimistic Rollups. Its ability to settle transactions on Ethereum while reducing gas fees makes it a standout choice for developers and users.
Growing demand for Layer 2 solutions:
As Ethereum continues to face congestion and high gas fees, the demand for Layer 2 solutions like ZKsync will increase, driving the adoption of the platform and NYSE:ZK tokens.
zkPorter and scalability features:
ZKsync’s zkPorter feature, which combines on-chain and off-chain data availability, enhances scalability for decentralized applications. This innovation allows ZKsync to handle more transactions with lower fees, attracting more dApps and users to the platform.
Long-term integration with Ethereum 2.0:
As Ethereum transitions to its full Ethereum 2.0 upgrade, ZKsync will continue to be a critical scaling solution, working alongside Ethereum to support a growing number of users and applications, ensuring sustainable growth for $ZK.
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If you want my format of research please just ff me here on Tradingview.
I have docs and papers in Google Docs for more aggressive research waiting to be posted.
Zero-x
ZRO: BearishThe market sentiment for ZRO is currently bearish, with technical indicators suggesting caution due to potential downside risks.
Key Factors Influencing ZRO Price
MACD: The MACD is bearish, with the histogram at -0.014, MACD line at -0.220, and the signal line at -0.206. This indicates strong bearish momentum.
Stochastic Oscillator: With %K at 3.90 and %D at 5.25, the Stochastic Oscillator shows oversold conditions, suggesting a potential short-term rebound.
RSI: The RSI at 26.39 indicates that ZRO is in oversold territory, which could signal a potential reversal or consolidation.
Potential Market Scenarios
Bullish Scenario:
A break above the local resistance at $3.75 could lead to further upward movement, potentially targeting the solid resistance at $4.17. This move would likely confirm bullish momentum and attract more buyers.
Bearish Scenario:
If ZRO fails to break above the local resistance, it could retest the support levels at $3.33 and potentially fall to the solid support level at $3.00. A break below $3.00 could signal further declines, with dynamic support suggesting lower targets.
Conclusion and Market Outlook
ZRO is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
UPST ready to run higherUPST on the daily chart is 65% below its highs of March 22 . It rose above the long term POC
line of the volume profile two months ago after a favorable earnings report. Another earnings
will report in a month. There has been very little trading above the current price in the visible
range. This means there is little volume resistance to price rise. Price is presently at the
longterm mean VWAP anchored 16 months in the past and got there by rising from the support
of the line one standard deviation below the mean aVWAP. On the zero-lag MACD, the lines
have first crossed under the histogram and then ascended in parallel above the zero line in
yet another sign of bullish momentum. Lastly, the three in one indicator including money
flow is all green.
I readily conclude that UPST is set up well for a long swing trade targetting just below the
mentioned swing highs and so $160 or so. This would be about 200% while setting a stop loss
at $50. I believe the trade offers a great potential reward to risk and so will open this
position while identifying an entry on the 15-30 minute chart looking for a pivot low.
Hero Zero Trade NIfty Since morning it was bearish set up we seen trendline breakdown this move just to retest the levels i am thinking it should go for down, if my analysis will be good then we can see a downside move. Chances are high we can see some down move,. I think i am the only one who is bearish at here, where everyone on bullish side, so please i might be wrong also. So please take trade accordingly.
Buy nifty 22nd june 18850 Pe at 22 and keep stop loss at 8 and target we can see 45/65/95+
Buy Banknifty 43900 pe at 39
no stop loss
target 75/125/175/225++
i just have taken contra trade let's see where it goes.
request to everyone please add less qty and trade carefully.
If anyone likes my work please like,follow and comment.
thankyou.
disclaimer:- Please do your own research before taking any trade or consult with your financial advisor.
Regards
Rahul Pal
What if Citron is right?Current market cap = 14.889b
FY 22 sales = $2.57b
Price to Sales ratio = 5.80
Etsy has been accused by citron research of selling counterfeit products look at the below tweet for their reasoning twitter.com
Now here are the 3 big questions to be answered
1. Will ETSY face legal problems in removing all counterfeit products?
2. What % of their 2.57b revenue comes from that products?
3. How much will they have to cut on their ads spend once they deal with this potential problem? how will that affect their sales numbers in the future?
I don't think Mr market likes companies in that kind of legal trouble!
$12 market price = $1.48b market cap ;)
P/S = 0.5-1 ???
My gain is your loss ;) it's a zero-sum game after all.
Do your own research!
Look first / Then Leap
No, Cardano is not bullish. It will crash another 92% to $0.01No, Cardano is not bullish. It will crash another 92% to $0.01
Anyone who bought cardano above $0.33 will never break even.
Charles is selling ada relentlessly and the drop will not stop until literally everyone who ever touched cardano has been wiped out.
Do not be fooled. Just because ada is a shitcoin that's already down 94%, doesn't mean it can't drop another 100%.
INV going to zero?Is Inverse Finance going to zero?
There is no more updates when their lending will be enabled anymore.
No volume for the past few months.
I just don't see it here, the hack floored them. Like a total loss...
I felt so pitty, just trowed away 50$ on their coin! 😆
Great dudes behind INV, but that changes notting on the fact this project is almost death.
To bad
RFOXBTCPotential "bottom is in" scenario would be this 3rd weekly bullish divergence if we close green.
These shitcoins take time however so may see a bouncy accumulation range for an extended period if not for a dead-cat bounce before a risk-on environment inevitably returns.
One to watch for the lulz
BTC from Zero To Zero so the whole idea started from the question is it going back to Zero ?
using the Gann fixed squre . the chart was squared from the zero to the top . and then from the top to the zero again .
and two gan box ( star ) and support fan was used . to show possible support prices .
so the only possible long position would be 11932
or . if it holds above 22932 by end of August
The reasons why i feel the btc bottom is not in yet.During the dump -
- broke the uptrend line from last year.
- made a lower low on the weekly.
- will likely break the monthly 21 EMA once the monthly closes.
- Close below weekly 200 SMA.
- Broke the .618 fib levels.
If you are long term believer of btc, now is the time to dollar cost average to long term holdings.
Don't try and catch the bottom, cuz you will likely fail. Don't use high leverage when trading this - books are thin, and risk is high as well. All the beest everyone the winter is far from over!
Darth maul candle wipes out all. Bear or bull don't matter. Everyone got trapped - if they were trading the longer term time frames. If you were an intra day trader - You possibly made it out ok - But if you are a longer term trader hoping to catch trends bitcoin just slapped you across your face and told you - this market will be behaving differently from now.
The Past price action of Bitcoin should not be compared with the present - That is one painful lesson i've learned in this market. Although we read in textbooks that history repeats itself in markets - But clearly bitcoins movement behavior has changed from the past.
Nonetheless - If you want to trade here - i would wait for daily to close above 9500 area before going long, Or wait for 8800 to break on the daily before going short.
Knowing when not to trade is very important. The current price action is not making sense, So best bet is to wait for the market to give us clear signs before progressing on next actions.
Clearly this is an extremely manipulated market - that 50% move in 2 days was one of the biggest in bitcoins history. Trade carefully friends.
CRITICAL decisive moment as BTC heads towards final BOSS battleThe weekly 11.5k is going to be super crucial - Because.
1. It governs the mid term down trendline from the recent local highs.
2. It is also the massive weekly resistance of 11.5k - which has been tested like 4 times.
I strongly believe if BTC breaks above 11.5k we could be seeing ATH's for bitcoin very soon.
This is also the reason why its better to be cautious around this region considering what is it at stake. There could very well be a fakeout of some sort to fool the bears/bulls and lull them into a trap.
I am currently short from 10.9k area, Will flip long if i feel price might test higher again. It's a pretty decent place to manage risk.
Also the bottom trendline in the chart extends all the way back to 2016, So if we break that trendline, btc could be in big trouble!
Trade well my friends, And i wish you well. Do not dismiss bitcoin's bull scenario- If BTC takes out 20k - Nobody knows how far it might go. I do hope this is the legitimate start of the bull market, But till 11.5k is taken out with force - It's better to be cautious around the area of strong resistance.
I am currently neutral , and will definitely trade the way the water(price) flows!
Beware the biggest bubble of all times! Part 2Ray Dalio made a post about how and why he thinks we are going towards a paradigm shift.
What I know is this bubble is going to violently collapse and it will be biblical.
Jeff Besos is already planning his way off this planet.
What I heard is every rich person was planning how he will manage his bunker, security guards etc, OR ways off the planet.
The end of the world is coming. This stupid over-consumption uber inflation money printing bubble is going to explode into a giant nuclear firework.
I don't know when it is coming but people are preparing, and it now appears imminent. Not something that will happen in "a long time" but in our lifetimes, in the next 5 years even.
So for this occasion I am making my regular end of the world post.
You got such clear signs that we are at the peak:
Cryptocurrencies...
IPOs go up 750% in 3 days...
(All going to zero <3)
There is talk around gold but isn't the price at historical highs even inflation adjusted?
I do not know enough about it to comment and I am not interested in researching it.
The madness is not ending. Good, the more they push the bubble the faster the end will come.
Make it explode! In the past century the economy/world has had a paradigm shift, and of course no one notices it, if things have been a certain way their whole life they view it as "normal". Totally unable to think outside of the box or get in other people shoes, totally unable to understand how anything came to be...
"A great point makes is that paradigms -- by definition -- are things that have gone on for long enough that people think they will never end. He touches on examples like debt driving asset prices higher and low volatility leading to high volatility."
End the FED make something new and also a new US currency and a new world currency (I guess the world currency can be gold, better than a country currency btw the USD became the world standard because the US scammed every one the only reason it was it was because it was pegged to gold before they removed that, litteral scam, ye the world won't fall for the same trick a second time right?)
The debt cycle system/paradigm I think could work but gee they pushed it so much.
Just greedy idiots. They start a scam that cannot last forever, just their whole lives, who cares what happens next.
All reported once I get out of the simulation. Reeeeport!
Same with energy consumption etc. Human nature: obsessed with reproduction like rabbits, 0 care for the future only short sighted. Perfectly logical.
Every one for themselves when this Titanic sinks. The transition won't be nice and smooth.
I will be very stupid with absolutely nothing been thinken off, nothing prepared, as usual.
Also some political unrest wars / civil wars etc.
I really hope it happens soon so we can be done with it. I hate suspense. The faster a change is made the smoother the transition will be.
So that means less fireworks. I do not have a personal home on the moon or mars so I would rather avoid big fireworks :( Otherwise would enjoy it.
This is the log chart by the way:
BOOM!
Worry not citizen, keep buyingSo what it looks the same?
So what the herd behaves the same?
So what P/E ratios are the same?
So what political climate is the same?
So what the list goes on and on the same?
So what gold price is again at a historical low just the same?
So what professionals knew and took advantage anyway and now its just the same?
So what interest rates are just the same?
So what the 1916-1921 bear market and 2000-2008 look just the same?
So what people are over borrowing and over buying just the same?
So what the average experience of buyers is the same?
So what the number of grandmas & shoe shine boys giving investment advice is the same?
So what people consideration for basic economic rules is the same?
So what if the number of "stock trader millionaires" is the same?
So what if casuals awareness of risk is the same?
So what if the tech cycle is the same?
So what if S&P and Bonds yields are the same? Oh wait no worse.
Etc...
I know there are more but I can't remember...
I wonder what Copper prices were back then...
I know Oil was around $25 inflation ajusted but...
A difference though, back then 10% of households had invested, now it is over 50% (and 10% in Bitcoin).
Going to end well... With fireworks and everything.
The amateurs celebrating on their ponzi pump are ignorant (very)I already said plenty of times there were much better opportunities elsewhere. Here is one from 2 months ago (when crypto clowns were starting to foam at the mouth and buying a tether pump). It is exactly the same setup as Bitcoin except with a much better entry, faster results, and a bigger target. It is objectively without the shadow of a doubt, 0 POSSIBLE ARGUMENTS, a much better trade. Yet I didn't hear any of these intellectual midgets talk about this.
If you are new you have an excuse, but otherwise if you are sticking with crypto only you are either participating in pumps and dumps or dumb money.
From July to November 2018 there was 0 opportunities. The think-he-is-smart crew in crypto chasing high gains are risking a ton to make meh returns and those take forever.
I multiplied my money several times in 2018 and what did they do? Wait and hope, like the fin idiots they are.
I am multiplying my money in 2019 ans what do they do? They had 1 trade in the entire 1rst semester and made 30% or some crap while risking everything.
And what will the 2nd semester be? Slow boring consolidation most likely, maybe a weak uptrend. And then down we will go once again.
Smart people that look elsewhere have been getting returns for 2 years and meanwhile crypto clowns are still hoping and "later you will see".
Every passing quarter we make more profits and the crypto clowns need to make even more to catch up. The gap grows and grows and grows.
It started with them not needing a big bull market to catch up with us, but after 6 months they needed an incredible rally to make up to catch up with me,
and after 1 year it was even bigger. In 1 years they are going to need the most incredible bull market mankind has ever seen to catch up.
Keep believing keep waiting. Gamblers.
And about the pathetic clowns that tell you how incredible they are and got 99% winrate. If they are so good, why are they holding crypto??????
Please explain to me. If you are so good you can become the richest person in the world in a few years, even a few months.
Even if Bitcoin went to 10 million in 3 years it would be a waste of money to hold for these crystal ball clowns.
Bitcoin is stupid. There is plenty of time to think about it really hard and come to the right conclusion and get out.
There has been even more time to see reason than with MtGox before it got hacked.
When this stupid hype scam - the pinnacle of the global stock market bubble - goes to zero, you will not have any excuse.
When it hits the fan, the most stupid speculative assets are the first ones to go down.
Will there be more bubbles? Yes, probably. Will there be more sharp rallies? Yes, probably. But will it stop this from going to zero? NO, not a chance.
Keep your eyes open on Japanese casinos. When they open... Bitcoin is taking a nose dive. TO ZERO.
Sit and watch how NOT A SINGLE BILLIONAIRE "buys the entire supply" just like EVERY SINGLE TIME before,
when a worthless pos went to zero and novice bottom feeders were saying "impossible a single billionaire will buy the whole supply".
Even bigger than casinos would be online casinos being made legal in Japan. Casinos slowly being constructed would mark Bitcoin slow death.
But online casinos being legal would make Bitcoin isntantly nose dive to ZERO.
Negative sum game. Hundred of millions of baggies can hold and never sell it will still go to zero.
Not even 1/10th of its market cap can be cashed out.
BONUS: Beyond meat.. OMG...
OH NO!! DREADED SNAKE FORMATION FOUND ON BTC CHARTS! SHORT/SELL!The snake is a symbol considered by many cultures over the world as a very bad omen.
It is not surprising that Technical analysis legend Anita goferatump feared this formation the most. Bad things are to come - THE GODS HAVE ABANDONED BITCOIN. The time has come to sell and save yourself! But Know that i am only a messenger - And its upto you to decide your destiny!