Crypto and decentralized finance (DeFi) have garnered massive popularity across the globe over the last two years. The promise for a high return on investment is one of the primary factors that lure people to invest in new coin launches and DeFi projects. Like any other new lucrative technology, the two industries have a fair share of bad actors and scammers who target investors that are not familiar with the industry or just interested in…
NFTs, also jokingly referred to as ‘JPEGs’ in the crypto community, have entered the mainstream. Whether it’s at dinner conversations, celebrities using Ape NFTs as their Profile Picture on social media or big brands like Coca Cola launching NFT collectibles, NFTs are clearly the ‘flavor of the day’. The chart above shows how searches for NFTs have surpassed searches for BTC and are well ahead of Blockchain and DeFi. Why should this be of interest…
News that US Law Enforcement have seized 94,000 Bitcoin worth $3.5 billion that had been stolen in a Bitfinex hack back in 2016 could have easily spooked the markets. Not only does it once again bring cryptocurrencies into the spotlight in relation to hacks and frauds, but the expectation is also that US authorities will auction off the seized Bitcoin right into the market. Yet, over the last days markets have continued to rally. So are…
The rally of the past few days might have reignited your hopes that the Bull market is back. Some of the top 20 coins like Ethereum or Solana have seen 15%+ growth over that period. Are we going back to Up-Only market conditions? The chart above says otherwise. ‘Wait’, you might be thinking. What does Meta’s, Facebook’s parent company’s, unprecedented 25%, $237bn 1-day crash have to do with Crypto? The answer is: Even if we…
According to English Philosopher; John Locke, everything is in a state of flux. This statement is ever true for the payments and global financial systems where things have changed significantly in the last ten years. Humans have increasingly discovered convenient, secure, and instantaneous payment options with extensive innovation. Due to these innovations, the traditional banking system has faced many disruptions from startups and big tech companies. These “disruptions” have led to widespread and efficient cross-border…
Markets have somewhat recovered following no unexpected tightening announcements coming out of Wednesday’s Federal Reserve Open Market Committee meeting that was hotly awaited. However, the relief bounce has already run out of steam. It seems the broader mood in the market remains pessimistic for now. The main question now is: how low can we go? In the 2021 summer low, BTC briefly touched the $30k level, and below on some exchanges, just to bounce back…
There are two distinct features of the Cryptocurrency market that traders need to be aware of. First, the market is open 24/7 per day all through 365 days a year. Second, the market is extremely volatile. The prices of Cryptocurrency assets fluctuate sharply, either increasing or decreasing. The combination of these two features makes it imperative for traders to always be alert and monitor the market for changes in order to trade effectively and make…
Have you heard of Ghost-chains? Those are projects that were briefly hyped at the late stages of previous bull market cycles, only to then disappear into obscurity shortly thereafter. You can see the chart of a Ghost-chain above. It temporarily enjoyed some hype back in 2017/18 but never recovered from the bust and failed to gain any sort of adoption over the years. Why does this matter today? Because to understand the late stage of…
As goes January, so goes the rest of the year is a Wall Street saying that has only been wrong 10 times since 1950. How much does this apply to Crypto markets? In January 2021, the Crypto total market cap grew about 28%.In January 2020, the same metric saw 36% growth. On the other hand, deep Crypto Winter started in 2018 – the total market cap was down 20% in January of that year. If…
In many ways, the stock market is similar to its crypto counterpart, and as such, observing the stock market is a good way to learn how the crypto market works. It’s safe to say that cryptocurrency is a “not-so-direct” replica of the stock market. This is why they both use a number of similar terms, one of which is “going short”. Going short in simple terms is selling a coin high then buying it back…