Trader’s Analysis

2021-05-14 14:39:51 Pancakeswap launching an IFO (similar to IEO on binance) on their platform. It requires people to commit Cake/BNB LP (liquidity provider) pairs. And most of the time, $BNB price will increase as we get closer to launch date because $CAKE holders are getting $BNB so they can form the Cake/BNB LP to join the IFO. Good chance to start loading up $BNB in my opinion. Open / Comment

2021-05-13 13:06:28 Market just dipped for all coins after Elon announced that they will not be accepting Bitcoin. But they also said they might be looking at other cryptocurrencies to accept. However i believe this is just a temporary dip and a good chance to get more coins at discount. Open / Comment

2021-05-12 09:01:45 The number of ETH active addresses just hit all time high. It resembled the time back in Jan 2018. Theres a high chance that there will be a flippening soon similar to few years ago when $ETH - Ethereum almost took over $BTC - Bitcoin in marketcap. Seems like most crypto funds are switching their BTC holdings to ETH given that Sharding might happen as early as next year that will basically make it more secure and alot cheaper to do transactions and everyone will be able to run a node without needing expensive or power computers.

For more info about sharding, can give this a read: https://ethereum.org/en/eth2/shard-chains/ Open / Comment

2021-05-09 12:56:23 $BNB just rallied afew hours ago and tested its all-time-high at $679. Still testing it. I think we might see a breakout soon to $700. Open / Comment

2021-05-09 07:22:45 And if you look at the funding rate for futures perpetual. Its only 0.014% which means that the rally in $ETH prices is by spot purchases rather the margined or leveraged purchases and this rally is sustainable. However, i still believe in the that $BNB is an ethereum competitor until 2.0 is launched and upsite for $BNB is still high and is especially higher given the rally in $ETH since market cap increased drastically for $ETH during the past week. Open / Comment

2021-05-09 07:00:56 $ETH has been on a bull run especially with ETH 2.0 having more progress. Not only are ETH coins being withdrawn from centralised exchanges, they are undoubtedly finding their way into smart contracts and DeFi applications. The chart above compares the percent of total ETH supply held by exchanges (orange, 12.0%) compared to deposited in smart contracts (blue, 22.8%). The almost equal and opposite trend for these curves demonstrates a clear product market fit and demand for DeFi by ETH holders. With more $ETH locked up in the smart contracts, it also reduces the supply of $ETH left for purchasing on exchanges, therefore, increasing prices when demand increases. Open / Comment

2021-05-07 14:31:48 Most of the tokens on Binance Smart Chain has taken a hit. Its basically retracement after a rally for BSC's ecosystem. Right now, i think its gonna stabilize at its current level although i foresee it will do another run up soon. Recommend to just hold your positions because i feel once the Binance marketplace is up, will really boost the NFTs ecosystem in binance + also increase usage of BNB which ultimately will increase the price of BNB. And most of the prices of the tokens in BSC are pegged to BNB to a certain extent. Open / Comment

2021-05-03 18:32:38 $BNB (binance coin) just hit a new all-time-high at $665. Congrats to those who bought at held since $250. The BNB rally is also helping push up $CAKE price as well. $BANANA price is stable but the yield is very high so profits come mainly from farming and pool yield currently. $BNB play is mostly a capital appreciation whereas $BANANA is a yield play mostly and $CAKE is somewhere in between. Open / Comment

2021-05-02 09:11:11 That said, $BANANA is a small cap token so trade at your own risk. Open / Comment

2021-05-02 09:09:27 Some comparison that i have done to illustrate the potential upside of $BANANA token. Open / Comment