Crypto VIP Signal

25 Jul 2024 14:07

Over the past month, 358K BTC has moved to permanent holder addresses. In July alone, global spot ETF inflows added 53K BTC. While not all remaining BTC is in custody wallets, whales are clearly accumulating at an unprecedented level.

Crypto VIP Signal

25 Jul 2024 08:16

Bitcoin broke the support area in a downward direction because of the Mt. Gox distribution news. Bitstamp will distribute Mt. Gox BTC today and this will bring some selling in the market. Overall the market is good and we may see sideways movement for this week.

Crypto VIP Signal

24 Jul 2024 15:19

According to Glassnode data, the average cost of BTC mining is $69,510, while Bitcoin is currently trading around $67,000. This indicates that miners are getting closer to profitability.

Crypto VIP Signal

24 Jul 2024 12:12

AVAX broke the downtrend channel upward and continued the upward movement. If you missed earlier, you can open a long position with tight stop loss now.

Support Area: $28-$29

Resistance Area: $34-$35

Crypto VIP Signal

23 Jul 2024 20:06

SUI analysis:

The price is currently in a downtrend channel and has been rejected by the resistance area. Another test of the resistance area is possible. It's best to avoid trading in this zone and wait for new entry opportunities.

Support Area: $0.75-$0.774

Resistance Area: $0.88-$0.925

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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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

25 Jul 2024 12:27

SUI was rejected from the resistance area and dumped from there. This is why we told you not to take any trades in the zone. Price is now trying to hold the support area and let's see how it reacts there. A daily candle close below $0.75 is bearish.

Crypto VIP Signal

24 Jul 2024 20:42

UMA analysis:

Price is unable to break the resistance area and the downtrend line also works as resistance. We are waiting for a break above the resistance area for new entries.

Support Area: $1.65-$1.75

Resistance Area: $2.40-$2.55

Crypto VIP Signal

24 Jul 2024 14:01

OMNI tried to break the downtrend resistance line but was rejected from there. We are still waiting for a break above the resistance area for new long positions. A break above $15.00 is a green signal.

Resistance Area: $14.50-$15.00

Crypto VIP Signal

24 Jul 2024 09:08

Bitcoin is approaching the support area for a retest, as anticipated. A bounce from the support area is likely. The price is dropping because Mt. Gox repayments are being credited to users, and they are selling to take profits.

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