Trading Crypto Guide ™

2024-04-24 16:30:21 What Is a Proof of Attendance Protocol (POAP)?

Proof of Attendance Protocol (POAP) refers to a business offering to use the ERC-721 NFT protocol on Ethereum to ascribe individuals a unique, non-fungible blockchain-based identifier that only the person can access. POAP addresses the problem of identifying people rather than transactions or value, and it uses the blockchain that underpins digital assets and non-fungible tokens.

POAP provides event participants with a way to verify their attendance through collecting digital badges where they live on-chain. The badges are all unique, meaning that the only way to claim them is to receive them at the event. Each badge is visually unique and non-replicable, meaning it doubles as an NFT and can be traded as NFTs on exchanges. One of its key values is that it provides irrefutable proof that an individual had been to an event or studied at a certain place. For instance, proving to your future employers that you studied at Harvard or having a track record of highly successful work in your profession means that people are more likely to trust and value your expertise in the field.

POAP has two categories of users: event organizers and collectors. Event organizers can create events and make and distribute POAP badges to attendees. At the same time, collectors can bookmark moments in their lives or demonstrate their attendance to others with custom, unique NFT badges. Open / Comment

2024-04-24 14:00:28 We can see a common pattern in this tool in the prior cycle, where an initial Pre-Euphoria rally tests the upper band and puts a super-majority of coins into profit. After a period of correction and consolidation, the market finally rallies up to and through the prior ATH, driving the oscillator well above 95% in profit status. Open / Comment

2024-04-24 12:00:49 #SUSHI Trade moving good with the12% profit and now, there's small consolidation going on and currently price is trying to the break the zone and we can have the potential scale in opportunity for buys on retest after the candle close towards the resistance zone of $1.25 and above. Open / Comment

2024-04-24 09:01:52 #BTC haven't moved alot from the level and just reacted from the support but failed to break the Higher High. The price is very corrective and that might be a problem that will be followed by a strong dump/ manipulative move. Daily TF, closed above the rejected the zone too, so there's ton of uncertainty to have the directional bias. Open / Comment

2024-04-23 21:01:00 Here's the Analysis of #ID :

#ID is been slowly trending up and reached the Strcutural Resistance Area of $0.85 - $0.86. Price made a structural shift to the bearish again. Now, expected a drop till the next support around $0.76, so you can look for the buys there. Alternativity, a flip above the resistance zone, is needed to take the continuation buys. Open / Comment

2024-04-23 14:02:02 Increased miner #outflow occurs around halving events in the cryptocurrency market, such as those in July 2016 and May 2020 for #Bitcoin. Miners sell more of their mined cryptocurrencies to cover costs ahead of #halving, where mining rewards are reduced by half. This selling pressure by miners contributes to downward pressure on prices before halving events.

n this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF. Open / Comment

2024-04-23 10:01:24 #SUSHI made a move to the upside and moved around 12% in profits. Price didn't gave any retest back to the range, but still trending good. Price already at a resistance zone and time for the Take Profit now. Retracement might come, so try to catch those pullbacks. Open / Comment

2024-04-23 08:11:32 #BTC made a clean break with the Daily Candle close and obviously H4 Too. Price now returning back to the support zone for a retest and anticipated to push higher rom here. Plenty, of on chain action activity going on showing market absorbing the pressure. Open / Comment

2024-04-22 21:00:22 Here's the Analysis of #JTO :

#JTO is been consolidating and wicking too, lying on the support zone of $3.68 - $3.74. Price is been very corrective while reaching the support area, where a bounce can expected from there with the trendline confluence. Take the risk accordingly with proper risk management. Open / Comment

2024-04-22 14:01:44 The Halving event, the transaction fees for #Bitcoin reached an all-time high, totaling over $80M.

Currently, miners are extremely overpaid.

This increase in fees can be attributed to the reduction in block rewards for miners, which has led to increased competition and higher fees required to have transactions validated promptly. Open / Comment