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Investment team CryptoCoin Post - https://t.me/CryptoCoinPost Manager - @Fesions
🎁GIVEAWAY🎁 What's Thanksgiving without a turkey?
This November 30 win one of three NFT Turkeys and 1500 Dogecoins.
To participate:
✅ Follow /channel/fryypta
✅ Three winners will be selected randomly
Prizes:
🥇1st place: NFT Turkey and 1500 Dogecoins
🥈2nd place: NFT Turkey and 700 Dogecoins
🥉3rd place: NFT Turkey and 300 Dogecoins
Good luck🍀
Bottom Ahead: Based on the P/L rule of BTC market cycles 🤔
That is, even after the $15.5k hike, Bitcoin didn’t fall far enough to be consistent with previous capitulations.
Bears are waiting for $13k 🤷♂️
⚡️ Rumors: Genesis, a crypto lender, is hiring a restructuring advisor in case of bankruptcy
Previously, Genesis tried to find financing in the amount of $1 billion, then they lowered their appetites to $500 million. But it seems to be in vain.
Genesis has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its loans to domestic firms, including parent company DCG
Chart of halvings and maximum drawdowns of bitcoin relative to the total
cumulative average purchase of BTC. According to the chart, the bottom is either passed, or is already very close. Considering the fact that it is almost impossible to catch the ideal bottom, it is time to think about long-term purchases.
Coinbase Leading XRP Price Surge? Whales Add 139 Mln XRP
https://bit.ly/3GedHHv
Top project that pays you for viewing the feed
Cheelee is the first GameFi short video platform where the user can make money while viewing the feed. Upon registration of your in-app wallet, you receive special NFT glasses, and you can start making money.
Cheelee is based on NUTSon short video platform, an analogue of Tik Tok. It has 1.5M downloads, 15K new videos each day.
Tokens:
CHEEL - governance token, Total Supply of 1 bln. Allows you to increase the level of NFT glasses and is required for NFT glasses mint.
LEE - utility token, Total Supply of 7 bln. All accruals in the app are carried out in LEE. The emission is limited, its mining gets algorithmically more complicated, just like a bitcoin + they will burn.
You will need NFT glasses to make money. You get Starting ones for free, the rarer ones - you will need to buy. NFT glasses can be upgraded and, also, improving the parameters using certain NFT gems. The cooler NFT glasses - the more tokens you get.
What are the main tricks?
Cheelee is a project that can become really massive. Stepn just got nothing on this one, cause not everyone is a fan of running, but everyone watches the videos on their phones.
Sustainable financial model - no token and NFT price dumps. Sources of income are diversified. The app receives a part of the profit as a social network – via the ad sales, in-app purchases, collabs with brands. And another part - as a crypto project, through the sale of game NFTs with a limited margin of safety, which makes the existing users to buy them again.
http://bit.ly/3A8TU8t
CZ compared the collapse of FTX to the financial market crash of 2008 🤔
Also, the head of Binance expects that this will lead to cascading liquidations of companies in the crypto market. This is just the beginning.
Breaking: On-Chain Data Shows Warning Signs For Bitcoin (BTC)
https://bit.ly/3WWqlAT
PlanB believes 🤑
Crypto Analyst Points to BTC Rising Above the Realized Price As It Was During the Start of the Bull Markets in January 2012, October 2015 and April 2019
Breaking: Elon Musk’s Twitter Faces Class Action Lawsuit For Mass Layoffs
https://bit.ly/3Ukp5oS
There is liquidity 😎
Tether printed 1 billion USDT. In total, Tether has printed 3 billion USDT since June of this year, and burned 20 billion USDT from May to June.
Usually cryptodollars are printed to buy back assets on the market and add liquidity 👀
GM Pauses Advertising on Twitter, Others Plan to Boycott After Musk’s Takeover
https://bit.ly/3SPoBpN
Analysts note a noticeable increase in active users of NFT tokens in the Avalanche network. The day before, the figure more than doubled in a few days.
And this is not bad - especially for a bearish trend.
The owner of this address spent 0.0207 ETH minting 141 cryptopunks in June 2017, which is about 30 cents for each NFT. Since then, its owner has not made a single transaction, so the seed phrase from the address is probably lost.
Accordingly, the owner of the address is very rich on paper, but he clearly has no way to get to his assets.
📉 Which tokens will no longer refresh the maximum?
Consider projects from the current cycle that are highly likely to never update their ATH 👇
🚩 Internet Computer (ICP)
ICP was released in May on a hype and immediately got into the top 5 by market capitalization due to revaluation. The price reached $2800, and now it is trading at $5 - the fall was 99.8%!
The project was launched by the DFINITY Foundation to expand the functionality of smart contracts. As a result, there is not even normal DeFi, and liquidity is only $500k (penny by DeFi standards). Something is being developed in the ecosystem, but globally there is silence, 0 high-profile projects, announcements.
It is more profitable for pump funds to restart a new product with a new token and the same technology. And the old ICP is not interesting.
🚩 Axie Infinity (AXS)
A project that has made more than 1000 x after IEO on Binance against the backdrop of the development of blockchain games. However, the token has since lost 95%. At the same time, 70% of all tokens are NOT yet unlocked and will put pressure on the price in the future, hindering growth.
The concept of free money in P2E is dead because money cannot be free in the first place. Someone has to pay for the banquet.
AXS is doomed to continue to lose value. There are fewer players, and the funds are still in the black, so they will dump the price.
🚩 Terra Classic (LUNC)
In May, LUNC dropped from $90 to less than a hundredth of a cent. However, the project was restarted, relisted on the exchanges and LUNC grew 10 times from the summer bottom. Then they added a burning mechanism, which gave the hamsters faith in a return of at least $0.01.
However, LUNC's burning rate is very meager: $6 trillion issuance, and it will take 31 years to burn just $10 billion.
LUNC is a new speculative instrument of whales, which will make money for exchanges and large players. And to renew the high, you need something more than the euphoria of traders.
Minus one problem for the market: WBTC reserves must be in place 😊
Читать полностью…
Breaking: Binance CEO “CZ” Reveals Plans On FTX, Industry Recovery Fund
https://bit.ly/3GIIDzY
Bahamian SEC confiscated all FTX assets and transferred to their wallet to protect the interests of clients 👀
The GDP of the Bahamas has risen sharply 😄
Binance makes noise ahead of 2022 FIFA World Cup ⚽️
I expect the main peak on the day of the start of the event. There you can start fixing if you bought back on a drawdown.
Here's another fun fact: FTX spent $74 million on real estate in the Bahamas this year.
Looks like Sam Bankman-Freed drove a Toyota Corolla for cover 🤔
75% of Ethereum transactions are censored 🔍
Transactions are checked for association with sanctioned addresses, such as Tornado Cash users.
Meanwhile, ETH has become deflationary again, and the yield has jumped to 10% per annum 📈
Low tide shows who swims without swimming trunks 😨
Above is a table of companies and assets that have been invested or held on FTX. The clients of the exchange, whose deposits are estimated at $16 billion, suffered the most.
It is likely that the number of user deposits is significantly lower as people buy Bahamian FTX accounts and withdraw funds 👀
⛔️ On the FTX website, there is a block with a warning about blocking the withdrawal of funds.
Читать полностью…
A hacker hacked GALA on BSC and minted $1 billion worth of tokens and sold them on PancakeSwap 😱
The fastest hands of the West managed to buy back "new" tokens on PancakeSwap, bring them to CEX and sell them several times more expensive there.
The most interesting thing is that Huobi accepted essentially scam tokens for deposit and made it possible to sell them at the real GALA rate. Such an arbitrage with 200-300%.
The problem occurred in the pNetwork bridge infrastructure. "All GALA tokens on Ethereum, as well as the underlying provision of the bridge, are SECURE," wrote pNetwork.
The new pGALA token will be created to replace the old compromised one and will be distributed in the coming days to those who had pGALA before the pool was emptied.
"For those who bought pGALA afterwards, they will get the BNB they spent back, provided it can be recovered. Again: DO NOT buy pGALA on Pancakeswap or any other BSC DEX."
And down: the head of the Fed conducted an extremely hawkish interview 🦅
"In my opinion, it is very premature to think or talk about the suspension of rate hikes. We have a lot of room to go."
Either Powell decided to play along with his fellow Republicans before the election, or he has really bad data on future inflation on his desk 🤔
Who invested and where in 2022 💸
Luna Foundation top 2 in terms of attracted investments 🤠
Near Foundation advises closing USN stablecoin ❌
The USN issuer told the Near Foundation that USN is under-collateralized in extreme market conditions and there is a risk of depeg, as has been the case with almost every algostablecoin.
The Near Foundation has committed $40 million to the safe liquidation of the USN stablecoin.
📉 AXS updated the local bottom amid the token split on October 25
After 4 days, 8% of the entire AXS supply or a fifth of the current circulating supply will enter the market. Nobody wants to buy back, because the game was blown away and investors are still on the X's.
Breaking: Binance Revises Terra Classic ($LUNC) Deposits, Withdrawals Fee
https://bit.ly/3TfLVOi
Top brands revenue from NFTs
MetaMask recently added a custodial feature for NFTs due to popular demand from corporate clients.
In the third quarter, many brands announced plans to enter the NFT market. Some are already reaping the benefits.