Crypto VIP Signal

23 Jul 2024 16:22

Breaking News!

ETH spot ETFs are now live, with Grayscale, Bitwise, and BlackRock leading the charge. This positive start has already generated over $110 million in volume. While ETH's price hasn't moved significantly on the news, we could see a steady rally similar to BTC in the coming weeks.

Crypto VIP Signal

23 Jul 2024 15:21

According to Glassnode data, the average income of miners is now well below the yearly average. This may indicate that miner capitulation is either in full swing or has already peaked. Historically, this trend has been bullish for Bitcoin.

Crypto VIP Signal

23 Jul 2024 09:01

Bitcoin is currently in a sideways trend and we may see a retest of the support area before the next move. The overall market is bullish and there have been no significant changes. The support and resistance levels remain the same.

Crypto VIP Signal

22 Jul 2024 20:36

BAT analysis:

Price is currently testing the resistance area and encountering some selling pressure. It's advisable to wait for a clear breakout above the resistance before considering new entries.

Support Area: $0.16-$0.164

Resistance Area: $0.199-$0.205

Crypto VIP Signal

22 Jul 2024 13:02

MASK is currently retesting the support area after the breakout. Consider opening a small long position here with a tight stop loss. A potential bounce from the support area could be observed.

Support Area: $2.40-$2.50

Resistance Area: $3.10-$3.28

Crypto VIP Signal

21 Jul 2024 20:22

Trump vs. Joe Biden is over

Joe Biden has announced that he will not be running against Donald Trump in the upcoming election. The party will declare a new candidate for the Presidential Election, and Bitcoin is reacting to this news.

Crypto VIP Signal

21 Jul 2024 15:04

Bitcoin has had the best return since MicroStrategy entered in August 2020, outperforming Gold and Silver with huge margin over that period.

Crypto VIP Signal

21 Jul 2024 11:21

ETH is currently moving upwards towards a resistance area. The spot ETF trading for ETH will commence on 23rd July, potentially triggering new buying. ETH has currently gained over 22% from the support area.

Crypto VIP Signal

20 Jul 2024 20:07

MASK analysis:

The price is currently trading above the resistance area. A daily candle close above this level would be considered bullish. Wait for confirmation before opening new long positions and place your orders in the support zone for new long entries.

Support Area: $2.40-$2.50

Resistance Area: $3.10-$3.28

Crypto VIP Signal

20 Jul 2024 12:43

THETA has broken the falling wedge pattern in an upward direction, indicating a bullish trend. Consider opening a long position at the retest with a tight stop loss.

Support Area: $1.55-$1.60

Resistance Area: $1.87-$2.00

Crypto VIP Signal

19 Jul 2024 19:34

Everything About the WazirX Hack

WazirX, one of the biggest cryptocurrency exchanges in India, experienced a significant security breach on 18th July. A multisig ERC20 wallet belonging to WazirX was compromised, resulting in the theft of over $230 million in assets, equivalent to 1900+ Crore INR.

The hacker swiftly swapped most of the stolen ERC20 tokens to ETH, deliberately avoiding stablecoins since they can be frozen. Currently, the WazirX team is diligently working to locate the hacker and negotiate for the return of the stolen funds, but they have yet to receive any response.

What About User Funds?

In response to the hack, WazirX has stopped all withdrawals immediately, leaving users unable to access their funds for now. Following the news of the breach, the value of all coins on WazirX dropped by more than 25%. As of now, there is no official announcement from the WazirX team regarding the status of user funds or when deposits and withdrawals will resume.

The situation remains tense, and users are advised to stay tuned for further updates from WazirX.

Where Should You Store Your Cryptocurrencies?

It's crucial to store your cryptocurrencies in non-custodial wallets, where you have full control of your private keys. History has shown that exchanges can be vulnerable to hacks, leading to significant losses for users. Notable examples include Mt. Gox, Cryptopia, FTX, and now WazirX.

Using non-custodial wallets ensures that you are the sole owner of your funds, reducing the risk of losing them due to security breaches or exchange failures. Stay safe and take control of your crypto assets!

Not Your Keys, Not Your Coins

Crypto VIP Signal

19 Jul 2024 15:28

Educational Post

What Is Premining?

Premining refers to the process in which a portion of cryptocurrency tokens is mined or created before the official launch of the project. These premined tokens are typically allocated to the project's developers, early investors, or other stakeholders involved in the cryptocurrency's creation and development.

How Does Premining Work?

In a typical Proof of Work (PoW) blockchain network like the one of Bitcoin, new units of cryptocurrency are generated through a process called mining, which involves solving mathematical problems to validate transactions and secure the network. In contrast, premining bypasses this process by creating a certain number of tokens before the project or token is publicly launched.
Typically, these premined tokens are distributed according to a predetermined plan:

1. Development phase: During the development of the blockchain, developers decide on the total supply of tokens and the amount to be premined.

2. Token creation: Before the project goes live, the agreed-upon number of tokens is created.

3. Distribution: These tokens are usually allocated to developers, early investors, and advisors – or reserved for future use, such as marketing or partnerships.

4. Launch: The blockchain project is launched to the public while the premined tokens are already in the hands of the designated parties.

Crypto VIP Signal

19 Jul 2024 12:31

ALT has broken the downtrend channel, retested it, and moved towards the resistance area, but got rejected. Consider opening a long position if the price drops to the support area.

Support Area: $0.136-$0.14

Resistance Area: $0.164-$0.169

Crypto VIP Signal

18 Jul 2024 20:47

THETA analysis:

The daily chart has a falling wedge pattern, and the price has not yet broken out of this pattern. We may see a move towards the support area, presenting an opportunity to open a long position.

Support Area: $1.20-$1.35

Resistance Area: $1.55-$1.60

Crypto VIP Signal

18 Jul 2024 14:34

ADA is currently testing the resistance area as expected. A break above this area would be bullish. Let's wait for a break above the resistance area for new entries.

Resistance Area: $0.43-$0.46

Crypto VIP Signal

23 Jul 2024 16:09

Educational Post

What Is the Ethereum Foundation

The Ethereum Foundation is a non-profit organization dedicated to the development, improvement, and promotion of Ethereum and related technologies. Established in 2014 with the vision of fostering a decentralized and open-source ecosystem, the Ethereum Foundation plays an important role in supporting the growth of Ethereum and empowering the broader blockchain community.

Mission and Goals

The primary mission of the Ethereum Foundation is to support Ethereum's evolution and the technologies surrounding it. The foundation strives to support a thriving ecosystem of decentralized applications, enabling a new era of trustless and transparent systems. Additionally, it seeks to educate the public and foster collaboration within the blockchain space.

Unlike a conventional non-profit or a controlling entity, the Ethereum Foundation operates as one component within a larger ecosystem. Its purpose is not to dictate the trajectory of Ethereum but to facilitate its organic growth and development.

Ethereum Foundation Initiatives

As of February 2024, the Ethereum Foundation website presents three main initiatives: Ecosystem Support Program, Devcon, and Fellowship Program.

1. Ecosystem Support Program

The Ecosystem Support Program is a flagship initiative designed to provide both financial and non-financial support to projects and entities within the broader Ethereum community. This program, an expansion of the original Ethereum Grants Program, aims to accelerate the growth of the ecosystem. It acts as a catalyst for innovative projects by offering resources and assistance beyond mere financial aid.

2. Devcon

Since 2014, the Ethereum Foundation has been organizing Devcon, an annual conference that serves as a gathering ground for Ethereum developers, researchers, thinkers, and makers. Devcon acts as a melting pot of ideas, fostering collaboration and knowledge sharing within the Ethereum community. The conference's rich repository of video content encapsulates the collective wisdom shared by the community over the years.

3. Fellowship Program

The Ethereum Foundation Fellowship Program is an innovative initiative addressing representation gaps across cultures, nationalities, and economic classes. It seeks to bridge these gaps by identifying and supporting talented individuals contributing to Ethereum's growth. The Fellowship Program is instrumental in breaking down barriers to entry for underrepresented people and communities, envisioning them as the future architects of Web3.

Conclusion

With a focus on research, community support, and advocacy, the Ethereum Foundation plays a pivotal role in shaping the future of decentralized technology. Its commitment to fostering innovation, collaboration, and inclusivity is evident through initiatives like the Ecosystem Support Program, Devcon, and the Fellowship Program.

Crypto VIP Signal

23 Jul 2024 11:43

The TOTAL cryptocurrency market cap tested the resistance area and is facing some selling pressure. The upward movement continues, and we may see a move towards the all-time high resistance area after some sideways movement.

Crypto VIP Signal

22 Jul 2024 20:58

Hello everyone! 🎉

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Here’s what to look for when validating a project:

- Check its presence on CoinMarketCap (CMC) and CoinGecko (CG)
- Verify liquidity and token lock-ups
- Assess the project’s idea, team, and development progress
- Watch for upcoming events, roadmap milestones, and product-market fit
- Review tokenomics: supply distribution, token utility, and scarcity potential
- Analyze both fundamental and technical aspects
- Ensure sufficient liquidity and trading volume for stability

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Prepare by transferring funds to BNB or USDT (BEP20) on MetaMask or TrustWallet. Be ready to grab this golden opportunity when it drops! 🚀

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Crypto VIP Signal

22 Jul 2024 14:11

According to Glassnode, there has been a significant uptick in the active withdrawal of $ETH from exchanges. This trend indicates a growing shift towards self-custody and long-term holding among investors.

Crypto VIP Signal

22 Jul 2024 09:02

Bitcoin experienced high volatility yesterday due to the news about Joe Biden. Elon Musk also changed his profile picture to show laser eyes, hinting at a big bull run. The price is slowly approaching the resistance of the $69,000-$70,000 area.

Crypto VIP Signal

21 Jul 2024 20:14

MANA analysis:

Price is finding support at the uptrend line. We are awaiting a test of the resistance area to see how the price reacts. It's better to wait for new entries for now.

Resistance Area: $0.37-$0.395

Crypto VIP Signal

21 Jul 2024 14:03

We suggest accumulating SOL at the support area and on the retest. SOL has gained more than 37% profit from the entry. You can continue to hold this position while increasing your stop loss to the $160 level.

Resistance Area: $187-$190

Crypto VIP Signal

21 Jul 2024 08:32

Bitcoin continues its upward movement and is slowly progressing towards the next resistance area. Sideways movement is expected, and we may see some action on Monday. The support and resistance levels remain the same.

Crypto VIP Signal

20 Jul 2024 14:33

RAY continues to move upward as expected after the retest. We hope you opened a long position as recommended, and the long position has gained more than a 32% profit from the entry. You can increase your stop loss and hold the position. The resistance level remains unchanged.

Crypto VIP Signal

20 Jul 2024 07:21

Bitcoin broke through the resistance area on the second attempt with a big green candle. The buying volume is high, which is a good sign. The weekend is here, and we may see some sideways movement for the next couple of days.

Support Area: $64,500-$65,000

Resistance Area: $69,000-$70,000

Crypto VIP Signal

19 Jul 2024 17:25

Initially, Grayscale BTC ETF investors booked profits by selling their Bitcoins, but now they have started buying again. Overall, spot BTC ETFs are accumulating, with no signs of selling for now.

Crypto VIP Signal

19 Jul 2024 14:11

The average daily ETH issued vs the average daily ETH burned.

The issuance rate of ETH is nearly identical to the rate of ETH being burned. The supply of ETH remains almost the same after the ETH 2.0 merge.

Crypto VIP Signal

19 Jul 2024 08:29

Bitcoin broke the small symmetric triangle in a downward direction, but the good news is that the price is again testing the resistance area. Let's see if the price is able to hold above the resistance area this time.

Crypto VIP Signal

18 Jul 2024 16:02

BlackRock bought another 1,708 Bitcoin. Nothing stops this train. The accumulation is going on and sooner the sellers are left with no BTC to sell.

Crypto VIP Signal

18 Jul 2024 11:34

News Alert: One of the biggest Indian crypto exchanges, WazirX has been hacked for over $230M. The attacker still holds over $100M in SHIB and more than $4.7M in FLOKI tokens.