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2023-03-10 14:34:14 Bitcoin fell under $20k

$BTC returned to its January prices, leading $ETH and other coins down. Why did that happen? Several factors could cause this slip:

Joe Biden's budget proposal revealed his plans to tax crypto mining companies by 30% of their used electricity cost (+10% by a year). These new expenditures can reduce their net profit and drastically affect the industry.

Silvergate Capital Corporation decided to "voluntarily liquidate" Silvergate Bank. The bank was a major supporter of many crypto companies but had the issues we described before. So now we see it shutting down.

The US Department of Justice moved 49k BTC (about $1 billion worth) seized from darknet marketplace Silk Road to Coinbase- and gov-controlled addresses. Will they care about not dropping the market when selling them? Huh.

Also worth noting
Joe DiPasquale, CEO of BitBull Capital, to Coindesk:

"As we have stated since January, we believe it [BTC] will test its support under $20K before moving up again. We see $18k as the next major level of support."

Bro, are you excited?
Hit if you believe Bitcoin will recoup shortly or if you foresee it at the $18k level! Open / Comment

2023-03-09 19:39:06 High five, Bro! How are you?

FIL/USD is on the #Communitymetre today. Let's unwrap its price movements

Filecoin is one of the most notable projects on the market. Its point is to be an economic fundament for the Interplanetary File System (IPFS). FIL is its native currency: users pay in it for storing data, and miners get it as a reward for their storage space.

What's on the chart:
$FIL shows a strong correlation with $BTC. It grew up significantly since December, along with the whole market.

The current support line has previously been a resistance one, and the price is retesting this level now. That indicates a probable trend reversal.

What's in the papers:
Filecoin will release its FVM (virtual machine) on March 14th. This will enable deploying launching smart contracts and ERC-20-like tokens on the blockchain, which is an essential milestone for the project.

Bro, are you bullish or bearish on it?
Anyway, trade FIL/USD with 0% fees on CEX.IO Broker Open / Comment

2023-03-08 15:45:57 Girls, you are the strongest!
Thank you for being so, and have a wonderful day

The pic is AI-generated Open / Comment

2023-03-07 19:59:06 Howdy Bro!
Isn't it time for the #Communitymetre? Let's check how SNX/USD is doing

Indicators:
The Sythetix movements look like an uptrend. Today, the price faced a correction after leaving the Bollinger band, but MACD shows signs of growth potential.

$2.78 is a point you can take a closer look at. Falling under that level may end the current trend, which means $BTC will lead $SNX because of the correlation. $2.95 is also a tricky place that may show us a new support line later.

Context:
Sythetix grew up by 15% recently. That's probably because their product update (V3) went live on Ethereum and Optimism. For those who care: its most important function is generating a collateralized debt position as a dollar-pegged stablecoin used in integrated markets.

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2023-03-06 13:55:01 Musk made Teslas cheaper. Again.

Tesla Inc. lowered the prices of their top Models in the US: S and X, by $5k (5%) and $10k (9%). They try to boost the demand as they did in January when Tesla offered discounts of up to 20% on other models for all of its markets.

According to MarketWatch, Tesla shares dropped close to 4% in premarket trading back then.

As Elon thinks, the only thing that stops people from buying his e-cars is the price. However, is that why $TSLA is still down about 30% compared to a year ago, although it made +60% YTD?

By the way, do you trade TSLA? Let us know via reactions / Open / Comment

2023-03-04 14:54:25 What is Shapella, and why is it so expected?

TLDR:
It's the Ethereum hard fork that unlocks coins that have been in staking on the Beacon Chain since 2020.

Details:
The developers made the name from two forks that will occur in parallel: Shanghai, which is responsible for staking, and Capella, which is responsible for upgrading the consensus.

And where will the price go?
Usually, huge blockchain events are accompanied by volatility. Bro, we know it's crypto: here, the daily fluctuations of several percent are the "breath" of the market. But users will get their assets back in large amounts. So, expecting a fall?

In fact, there are several constraining aspects:
1. Many stakers bought $ETH for more than it is worth now. Yeah, that's a bummer.
2. Those with 32 ETH in staking can become network validators.
3. The mechanics of the unlock process involves a queue for funds withdrawal.

The team plans to implement Shapella in the mainnet around mid-April. A long or a short, Bro? Open / Comment

2023-03-03 16:46:06 Why has $BTC tested $22,000, and other coins from the top 10 have been falling in the last day?

The most likely reason is that Silvergate Capital Corporation’s shares (Silvergate Bank’s parent company) fell by 57.7% on March 2nd, which is why the attention of regulators to the crypto industry increased, and investor confidence decreased.

Watch the snowball rolling:
In December, a class action was filed against Silvergate Bank for supposed assistance in transferring funds between FTX and Alameda Research
In January, it became known that the bank's quarterly loss amounted to $1 billion
In February, the US authorities began inspecting Silvergate's connection with the infamous exchange and hedge fund, and Moody's downgraded the bank's rating after reducing the baseline credit assessment
On March 1st, the LedgerX crypto derivatives platform refused to cooperate with the bank
On March 2nd, there was information about the delay in the publication of the annual report of Silvergate Capital Corporation for the SEC, which led to a sharp drop in their shares
Today, amid rumors of Silvergate's bankruptcy, Coinbase, Circle, Paxos, Crypto com, Gemini, Bitstamp, Galaxy Digital, and others refused to cooperate with them
In total, the shares of Silvergate's parent company have lost 92% of their value in six months

Unfortunately, the echoes of the FTX crash and the past wrong decisions of crypto companies still affect today's market. However, not everyone's upset because of such news. So, how's it, bears? Open / Comment

2023-03-02 16:56:06 And the #Communitymetre is in the feed again! Bro, today's Asset of the day is

ZRX/USD

Did you know the 0x project was created as a protocol for P2P crypto exchanging on Ether? Now, it is a whole ecosystem that works on more popular networks, provides API to many projects, and even has its own DAO.

What do the indicators say about the price of the token?
Since the start of the year, $ZRX has been on the uptrend. There was a spike on Feb 23, then a natural pullback likely to last more. Later, the token may have a long potential: the $0.2555 level and/or the intersection of the MACD in the lower part may show us.

From the papers:
0x launches a beta of the Tx Relay API on Polygon and Ethereum and gets the Robinhood Wallet as the first partner. This solution will allow users to pay less attention to which networks they have which tokens in and trade more freely.

Share your price forecast via the reactions / / and trade ZRX/USD with 0% fees on CEX.IO Broker Open / Comment

2023-03-01 15:39:59 Hey Bro, look up at the Bluesky

Twitter co-founder and ex-CEO Jack Dorsey released his decentralized social media app Bluesky in private beta on the App Store on Feb 17. Generally, he came up with it in 2019 while working for Twitter and even got funded for its development from the company's resources. It looks like it can finally be released soon.

The app itself desperately mimics Twitter, having a similar interface and functions. But more importantly, it's built on the AT protocol, which provides decentralization.

However, in 2018 W3C officially recommended ActivityPub as a decentralized social networking protocol. Many products and the Mastodon app, the main Bluesky competitor, in particular, already use it. So why didn't Jack use the proven option instead?

Alternative social networks may become the primary ones. Do you think Dorsey's Bluesky will live happily ever after? Will Twitter and other social whales sustain? Open / Comment

2023-02-28 18:37:19 Hey, Bro! #Communitymetre is sparkling, so we must check the Asset of the day right now. XTZ/USD is here!

$XTZ has been in a downtrend since February 23, moving with no spikes, and has lost 20% since then. Moreover, the coin is weaker than the market, as evidenced by the correlation with $BTC: with the continued price decline, Bitcoin had moments of growth in contrast to it. Accordingly, even with the market's growth, Tezos is unlikely to manifest itself as brightly as possible.

The MACD hints at favorable conditions for a long position to about $1.21, but the upper Bollinger band can make optimists pessimists.

And what happened the day before the February peak?
Tezos Foundation announced the partnership with Google Cloud. Its purpose is to make the tech giant's clients be able to launch Tezos nodes and create Web3 apps. How many more such collaborations will we see this year?

Trade XTZ/USD with 0% fees on CEX.IO Broker Open / Comment