Trading fee rebate received: $9.8
Total P&L: $448.32
Here is a video of me making $331 by going long on FIL in 3 seconds!
If you want to receive a trading fee rebate while trading every day like me, go to the this link to sign up to Running Fox or if you need a detailed guide on how to sign up, check this post.
Ticker: STX
Category: Platform, Defi, Smart Contract
Market capitalization: $845,471,747(52nd place)
Circulating Supply: 75%
STX's recent pump of approximately 87% in the last 24 hours has caught many off guard. But what has caused this sudden rise in the token's value? I did some digging to find out.
First, let's take a quick look at what STX is. Stacks Coin (STX) is a token that is used for earning Bitcoin through a unique staking process. Investors can earn STX by staking Bitcoin, and then earn Bitcoin by staking STX.
So what are the factors behind STX's recent surge in value? Here are three potential reasons:
1. SEC Approval: STX is the first cryptocurrency to receive approval from the U.S. Securities and Exchange Commission (SEC) as a non-securities coin. While many investors are unsure of which altcoins will be impacted by SEC regulations, STX is seen as a relatively safe option. This has led to increased investment in the token.
2. Correlation with Bitcoin: Since STX is used to earn Bitcoin, the token's value is closely tied to that of Bitcoin. Despite Bitcoin's recent rebound, STX had not moved as much as Bitcoin until now. However, as Bitcoin's value continues to rise, investors are looking to STX as a way to earn more Bitcoin. This has led to increased demand for STX.
3. Ecosystem Potential: Unlike other platforms such as Ethereum and Solana, STX aims to expand the Bitcoin ecosystem with smart contracts based on Bitcoin. The token has seen success as an ecosystem and investors are hoping for more positive results in the future.
As always, it's important to check the coin distribution. While there is no information about the Vesting (lock-up release schedule), the fact that the current distribution volume is 75% suggests that there is no concern about dumping lock-up releases. While STX's sudden surge may have surprised many, it's clear that the token's unique staking process and potential as a platform have caught the attention of investors.
👉 Register on Running Fox and receive a 30% trading fee rabate
👉 Sign up to Bybit and enjoy a 20% reduction in trading fees
Trading fee rebate received: $13.95
Total P&L: $376.79
Here is a 10-second video of me making $400 by shorting FIL.
If you want to receive a trading fee rebate while trading every day like me, go to the this link to sign up to Running Fox or if you need a detailed guide on how to sign up, check this post.
Filecoin (FIL) has seen a surprising rise in price lately, causing both holders and non-holders alike to take notice. However, a closer look at the overall chart reveals a different story. It's obvious that the coin has experienced significant fluctuations, with the chart resembling that of a scam coin.
Despite this, there is much to be optimistic about. The recent introduction of the File Virtual Machine (FVM), scheduled for March 23rd, brings smart contract functionality to Filecoin. This is significant because it transforms Filecoin into an Ethereum-like Layer 1 blockchain with storage capabilities. For short-term traders, it may be wise to mark this date on the calendar and sell beforehand.
Additionally, a series of short squeezes triggered an explosive rise in price, but it's important to note that the coin supply has prevented FIL from experiencing sustained growth. The distribution supply to the total supply is still only 19.81%, indicating that there is still plenty of room for a large amount to be dumped in large quantities.
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| source: https://observablehq.com/@starboard/chart-fil-protocol-circulating-supply |
As seen in the distribution chart, the supply of coins to the market is still increasing. The area under the black arrow shows two factors that cause deflation: the amount of filecoins used as fees and the amount staked. However, it's not being incinerated or staked at the rate of inflation, so coin inflation and selling pressure is inevitable.
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| source: https://dropstab.com/coins/filecoin/vesting |
Investment companies' supply lock-up ended in 2022, but the foundation's supply remains, with miners comprising 70% of the total volume. While this presents some challenges, there are positive factors for the price, including the fact that the amount of locked-up investment companies no longer exists, and staking and incineration are steadily increasing. If the volume of staking and incineration can withstand the volume of miners, we can expect to see a steady increase in prices.
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| source: https://tokenterminal.com/terminal/projects/filecoin |
Filecoin's steady development and the number of developers consistently hovering around 100 are encouraging signs for the future. Despite the challenges, it's clear that Filecoin is a coin with a trusted developer that has earned the backing of great investors. With the introduction of smart contracts, we look forward to seeing Filecoin continue to build and develop a larger ecosystem.
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Are you tired of missing out on important market news and opportunities due to buried information in charts? Fear not, because there's a solution for that. Telegram has become one of the most popular and convenient communication tools for traders around the world. In this post, we will be highlighting three of the most popular Telegram channels that every crypto trader should be following.
1. Disclose.tv
Telegram Link: https://t.me/disclosetv
With approximately 420,000 subscribers, Disclose.tv is a Telegram channel that provides breaking news from around the world. Although it does not focus solely on cryptocurrency and the stock market, it sometimes delivers critical breaking news that is related to the market. It's not uncommon for them to release news faster than major media companies. With so many subscribers, it's safe to say that they are trusted by many people.
2. Layergg Exchange & Project Alert
Telegram Link: https://t.me/layergg
Layergg Exchange & Project Alert is a Telegram channel that provides real-time listing information on major exchanges. Being the first to know when a coin pumps is important in the world of trading. Often, there are favorable factors or the coin gets listed on major exchanges, and being able to hear about these listings before anyone else can lead to making a quick profit. This channel also provides information on various events such as trading competitions held by exchanges.
3. 100eyes Crypto Scanner
Telegram Link: https://t.me/CryptoScanner100eyes
The 100eyes Crypto Scanner is a Telegram channel that notifies subscribers when sudden movement occurs for major coins like BTC, ETH, LTC, and XRP. This channel is great because it notifies traders even when they are not actively watching the charts, so they can take action when necessary. Additionally, based on RSI indicators, it informs subscribers of the expected rise/fall and alerts them when prices reach key support and resistance lines. If you're serious about trading, we recommend turning off notifications on other channels and always having this channel on.
In conclusion, these three Telegram channels can provide a wealth of information and help you stay on top of the latest developments in the cryptocurrency and stock market. If you are a trader who wants to be informed about every opportunity in the market, we recommend subscribing to these channels today!
👉 Register on Running Fox and receive a 30% trading fee rabate
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The recent rise in Bitcoin's price has many traders contemplating shorting the market, but going short is a game with a steeply decreasing winning rate over time. Although shorting can bring a lot of money depending on the market, it is disadvantageous because almost all asset markets have historically been upward. Even in the crypto market, especially with altcoins, the trend has been upward when the market heats up.
Shorting also carries the risk of unlimited losses, which can lead to liquidation even with a small position. It is crucial to always think about and prepare for all possibilities before entering a short position. If you take a short position, you need to decide on the price and hang a cut line to minimize your risk.
As a trader, I have found that I earn more by going long than short. I rarely go into a short position, and when I do, I hang the stop-loss right away, hold it for up to 1 to 3 minutes, and sell it right away. Unlike long positions, which are more aggressive, short positions are always approached conservatively.
The saying "You can print money by pressing the short button" is popular in bear markets, but this mentality can lead to overconfidence and significant losses in the long run. When you take a short position, you need to think about it carefully and consider all possibilities.
In conclusion, shorting in the crypto futures market is a risky game that requires a lot of thought and preparation. If you must take a short position, always hang a cut line to minimize your risk. As a trader, it is essential to develop the ability to consider all possibilities and prepare accordingly, rather than seeing only one possibility for instantaneous revenue.
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| The value of Binance's exchange token, BNB, has experienced a 10% decrease following the news. |
The recent announcement that Paxos, a stablecoin issuer, has stopped issuing Binance Stable Coin (BUSD) has caused a major impact on the cryptocurrency market. Binance, one of the largest cryptocurrency exchanges in the world, was hit the hardest. BUSD was one of the largest stablecoins used on Binance, and its discontinuation has led to a decrease in Binance's market share, as users have started to move their assets to other exchanges.
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| The Binance exodus has begun |
The disappearance of BUSD has also raised concerns about the risk of liquidation for Defi protocols that operate on the Binance Smart Chain (BSC) network. Defi protocols allow loans with certain cryptocurrencies as collateral, and if the value of the collateral falls to a certain risk level, the algorithm can immediately liquidate it. This could lead to a chain reaction of liquidation in the BSC network, affecting not only Binance-related coins, but also other cryptocurrencies in the Defi ecosystem.
👉 You can view BNB chain based coins here.
👉 You can view coins that launched on Binance here.
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| Despite the adverse news, Defi coins have experienced a surge in value. |
However, the situation is not all negative. The recent developments are likely to increase the market capitalization of decentralized exchanges (DEX) and Defi cryptocurrencies. Decentralized exchanges, which are not operated by any central authority, are not subject to legal regulation, and as a result, they have become a more attractive option for users who are nervous about the increased regulation of centralized exchanges. Additionally, the recent shift in focus towards Defi staking, where users can receive coin interest, is likely to increase the popularity of Defi staking as a safe and secure way to invest in cryptocurrencies.
👉 You can view DEX coins here.
👉 You can view Defi coins here.
In conclusion, the disappearance of BUSD and the recent events involving Binance and the SEC are significant developments in the cryptocurrency market. While there are risks and uncertainties, the market will likely stabilize over time. In the meantime, it is recommended to be cautious about investing in BSC-based Defi coins or coins related to Binance, and to consider the risks involved.
👉 Join the Binance exodus and start trading on Bybit! Get a 20% discount on your trading fees with this exclusive link.
Cryptocurrency trading has become increasingly popular in recent years, and many people are looking for new ways to make the most of their investments. One option that has emerged is earning interest on cryptocurrency holdings. This is possible on many exchanges, including Bybit. In this blog post, we'll show you how to earn interest on your cryptocurrency with Bybit Savings.
Before you can start earning interest with Bybit, you'll need to have a Bybit account and have completed the KYC verification process. If you haven't created an account yet, you can sign up through this link and receive a 20% discount on trading fees.
Step 1: Log in to your Bybit account
Step 2: Navigate to Finance > Earn > Bybit Savings in the top menu bar
Step 3: Scroll down to see the list of coins that pay interest and the current annual interest rates. As of this writing, Bybit offers interest on Bitcoin, Ethereum, USDC, and other coins.
Step 4: If you have the coins you want to earn interest on in another exchange, withdraw them to Bybit.
Step 5: Click "Select" next to the coin you want to earn interest on.
Step 6: Review the interest rates for different deposit periods. For example, with Bitcoin, you may have the option to earn 1.5% interest on a 30-day deposit, 1.8% interest on a 60-day deposit, or 1.5% interest for a deposit that can be withdrawn at any time.
Step 7: Click "Stake Now" next to the deposit plan you want to choose.
Step 8: Transfer the coins you want to deposit to your Earn wallet.
Step 9: Enter the amount you want to deposit, and confirm the deposit information, then click "Stake."
Once your deposit is complete, your coins will start earning interest at the rate you selected. Please note that some deposit plans have restrictions on withdrawals, so be sure to read the terms and conditions carefully before making your deposit.
In conclusion, earning interest on your cryptocurrency is a great way to make the most of your investment. Bybit Savings makes it easy to earn interest on your crypto holdings, so why not give it a try today?
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👉 Sign up to Bybit and enjoy a 20% reduction in trading fees
Are you tired of watching the cryptocurrency market and feeling like you're missing out on profits? Do you often find yourself wondering why others seem to make money from trading coins, but you can't seem to make a dime? If so, you're not alone. Many people struggle with cryptocurrency trading and feel like they're missing out on the opportunity to make money.
However, the key to successful cryptocurrency trading is not to try and hold onto coins for a long time, but to adopt a different trading strategy: scalp trading.
Scalp trading involves taking advantage of short-term market movements to make small profits over a short period of time. Unlike swing trading, which involves holding onto coins for a few days to a few weeks, scalp trading requires quick thinking and quick execution.
Many people who struggle with cryptocurrency trading fall into one of two categories:
Type A: They never sell their coins and hold onto them until they die.
Type B: They follow the "fire and forget" strategy and only buy coins when they are climbing in value.
While this approach may work in a bull market, it can be disastrous in a bear market. Holding onto coins for a long time can result in substantial losses, especially when the market is experiencing a downturn.
On the other hand, scalp trading allows you to take advantage of both the ups and downs of the market. While profits may be slightly lower during a market upturn, they are protected during a market downturn. The key to successful scalp trading is to keep losses small and lock in profits quickly.
The ultimate goal of investment is to not lose money, and scalp trading offers an easy way to achieve this goal. If you're feeling frustrated with your cryptocurrency trading results, give scalp trading a try and see if it's a better fit for your investment style.
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Making the right investment decisions in the world of cryptocurrencies can be a challenge, but the right tools can help you navigate the markets with confidence. In this blog post, we'll introduce you to three of the best crypto websites that will help you make wise investment choices.
1. CoinMarketCap
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| https://coinmarketcap.com |
CoinMarketCap is a website that provides a comprehensive overview of the cryptocurrency market. With up-to-date information on market capitalization, coin supply, and much more, it's a valuable resource for anyone looking to invest in cryptocurrencies. The website is easy to navigate, and you can quickly find information on the coins you're interested in by searching for the coin by name or ticker. Once you've found the coin you're interested in, you can view its details and learn about the coin's development, its white paper, and much more.
2. Drops Tab
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| https://dropstab.com |
DropsTab is another great website for those looking to invest in cryptocurrencies. Like CoinMarketCap, it provides a comprehensive overview of the market, including market capitalization rankings, but its real value lies in the coin details it provides. On DropsTab, you can view information on the coin's fundraising, including the number of investments received, the price of coins sold, and the rate of return compared to the current price. You can also view a list of the coin's investors and learn about the coin's vesting, including how much lock-up is available, when it will be released, and how much the investors bought the coin for.
3. ICODrops
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| https://icodrops.com |
ICODrops is a website dedicated to Initial Coin Offerings (ICOs). An ICO is an opportunity for you to invest in a coin before it is released, and ICODrops provides you with all the information you need to make an informed decision. On the website, you can view information on active, upcoming, and ended ICOs, and you can also view a list of rated ICOs to help you find the best investment opportunities.
In conclusion, these three websites will provide you with all the information you need to make wise investment decisions in the world of cryptocurrencies. Whether you're a seasoned investor or a newcomer, these websites will help you stay informed and make the most of your investments.
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Trading bots are automated trading algorithms designed to trade cryptocurrencies on behalf of their users. They have become increasingly popular in recent years due to their ability to help traders automate their trading strategies, reduce the time they spend monitoring the market, and make trading decisions based on objective criteria. In this blog post, we will explore what trading bots are and how you can create and use them on Bybit.
What is a Trading Bot?
A trading bot is a computer program that uses mathematical algorithms and market data to automate the trading process. The main goal of a trading bot is to execute trades on behalf of its users based on pre-defined criteria and rules. Trading bots can be programmed to follow a wide range of strategies, including market-making, scalping, swing trading, and others. They can also be programmed to execute trades based on technical indicators, price patterns, and market data.
Types of Trading Bots on Bybit
Bybit offers three different types of trading bots: spot grid bots, DCA bots, and futures grid bots. Each type of bot is designed to cater to a specific type of trading strategy.
1. Spot Grid Bots
Spot grid bots are designed for traders who want to implement grid trading strategies in the spot market. These bots help traders to buy low and sell high using grid-based entry and exit strategies.
As an example, let's say the current price of Bitcoin is $22,000, and you have invested $1,000 with the following settings: an upper price of $24,000, a lower price of $20,000, and four grids. If the price of Bitcoin drops to $20,000 and then rises to $24,000, the bot would execute the following trades:
A. Buy Bitcoin at $21,000 for $500
B. Buy Bitcoin at $20,000 for $500
C. Sell half of the Bitcoin at $23,000
D. Sell the remaining Bitcoin at $24,000.
Note: This is a simplified example, and actual trading results may vary depending on market conditions and other factors.
2. DCA Bots
DCA bots are designed for those who want to trade using the dollar-cost averaging (DCA) strategy. This strategy involves buying a fixed dollar amount of an asset at regular intervals, regardless of the asset's price. The goal of a DCA bot is to help traders average out their entry price over time and reduce the impact of market volatility on their investments.
3. Futures Grid Bots
Futures grid bots are designed for futures traders who want to trade using grid trading strategies. These bots can help traders execute trades based on predefined criteria, such as price levels and order size.
How to Create and Use Trading Bots on Bybit
Bybit makes it easy to create and use trading bots. To get started, simply sign up for a Bybit account(Sign up to Bybit with this link to get a 20% discount on trading fees), log in to the trading bot platform. and go to the Trading Bot section.
From there, you can create a new bot, select your preferred strategy, and customize your bot's parameters to suit your trading needs.
Once you have successfully set up your bot on the Bybit platform, you will have the ability to take advantage of its advanced features and customization options. With a highly flexible interface, you have the ability to adjust your bot's settings at any moment, ensuring that it is always working to meet your specific needs and goals.
In conclusion, trading bots are a valuable tool for traders who want to automate their trading strategies and save time. Bybit offers a user-friendly trading bot platform that makes it easy to create and use trading bots, regardless of your trading experience. Whether you are a seasoned trader or just starting out, Bybit's trading bots can help you maximize your profits and minimize your risks.
👉 Sign up to Bybit and enjoy a 20% reduction in trading fees
What is Copy Trading?
Copy trading is a method of trading in which a trader, also known as the copier, follows and copies the trades of another trader, known as the master trader. The copier simply sets up an account with a copy trading platform, chooses a master trader to follow, and decides how much to invest. The trades of the master trader are then automatically executed in the copier's account, providing the copier with the opportunity to benefit from the experience and expertise of the master trader.
How to do Copy Trading on Bybit
Bybit offers a copy trading platform that enables traders to access the trades of experienced traders and benefit from their expertise. Here's how you can get started with copy trading on Bybit:
1. Sign up for a Bybit account: To start copy trading on Bybit, you'll first need to sign up for a Bybit account. (Here is the link to Bybit) This is a simple process that requires you to provide your personal details and complete the verification process.
2. Choose a master trader: After signing up for a Bybit account, go to the Tools - Copy Trading menu on the top of the webpage to view the list of top master traders. The providers are ranked by their performance, making it easy for you to choose one that suits your needs.
3. Set up the copy trade: To set up the copy trade, you'll need to decide how much you want to invest and the amount of leverage you want to use. You can also choose to adjust the stop loss and take profit levels.
4. Monitor your copy trade: Keep an eye on your investment by navigating to the "Assets" and "Copy Trading" menu in the top right corner of the webpage. From here, you can view the performance of your investment, make any necessary adjustments, and withdraw your profits.
In conclusion, copy trading is a convenient and profitable way to trade in the financial markets. Bybit offers a copy trading platform that enables traders to access the trades of experienced traders and make profits without having to manually execute trades themselves. By following these simple steps, you can get started with copy trading on Bybit and benefit from the expertise of experienced traders.
👉 Sign up to Bybit and enjoy a 20% reduction in trading fees
Scalping is a trading strategy that involves buying and selling quickly in order to take advantage of small price movements in the market....
