Crypto VIP Signal

24 Sep 2024 14:56

Educational Post

What Is a Burner Wallet?

A burner wallet is a temporary crypto wallet that users create for potentially risky interactions with various blockchain applications. Burner wallets are not meant for storing large amounts of crypto but should contain just enough for a single or a few interactions.

How Do Burner Wallets Work?

Burner wallets can be created using hierarchical deterministic (HD) wallets, which can generate numerous accounts from a single secret seed phrase. Every account within an HD wallet has its own private key but is managed under the same seed phrase.

To use a burner wallet, you can generate a new account specifically for working with potentially risky blockchain applications or smart contracts. The key is to reduce risks by keeping your primary wallet and funds separate from these activities. For example, you could create a burner wallet when participating in new airdrops or when interacting with a new smart contract that was not audited.

By segregating your assets into different types of accounts, such as a primary account for storing most of your assets and a separate burner account for risky interactions, you ensure that even if a burner wallet is compromised, your main wallet and most of your crypto stored on it remain secure.

Benefits of Burner Wallets

Safe browsing

Users often explore new blockchain platforms, but they tend to have vulnerabilities or scam projects. Using a burner wallet when engaging with these new applications is crucial to ensure that even if a platform is malicious or compromised, most of your crypto assets remain secure.

Protection against malicious smart contracts

By using a burner wallet to interact with smart contracts, you can isolate the potential risks to a separate disposable account. This safeguards your main wallet from being drained in case of faulty smart contracts.

Crypto VIP Signal

24 Sep 2024 11:14

NTRN has bounced after testing the support area. We hope you opened a long position as we suggested. NTRN has gained more than 18% profit from our entry. You can book some profit here or hold the position with a trailing stop loss. We may see a move towards the resistance area.

Resistance Area: $0.52-$0.54

Crypto VIP Signal

23 Sep 2024 20:06

HIFI analysis:

Price is currently testing a major resistance area. We are waiting to see how price reacts here as this is a no-trade zone. We are looking for a clear breakout above the resistance area for new entries.

Resistance Area: $0.52-$0.55

Crypto VIP Signal

23 Sep 2024 13:17

Educational Post

What Is an Externally Owned Account (EOA)?

An externally owned account (EOA) is basically a type of account on the Ethereum network that’s controlled by a person using a private key. In other words, it’s the account you’d use to send transactions or manage your ether (ETH). Unlike smart contract accounts, which are controlled solely by code, EOAs are directly managed by people.

Types of Accounts on Ethereum

There are two main types of accounts on Ethereum:

Externally owned accounts (EOAs) – Controlled by users with a private key.

Contract accounts (CAs) – Managed by code or smart contracts. Operate without a private key.

Both EOAs and Contract Accounts can hold and transfer ETH. However, only EOAs can start transactions. Contract Accounts can’t do anything until they’re triggered by an EOA or by other smart contracts.

How EOAs Work

Every EOA is tied to two cryptographic keys: a private key and a public key. Your private key is what gives you control over your account—it’s used to sign transactions and proves that you’re the one authorizing them. The public key is used to generate your Ethereum address, which you can share with others so they can send you ETH.

Here’s a quick overview of what EOAs do:

Transactions: EOAs can send tokens to other accounts, interact with smart contracts, or call specific functions on the blockchain.

Gas Fees: Every transaction requires gas, which is paid in ETH. This gas goes to the miners or validators who process transactions.

Security: The security of an EOA all boils down to your private key. If someone else gets their hands on it, they can take control of your account.

Crypto VIP Signal

23 Sep 2024 08:30

Bitcoin has once again tested the resistance area and is encountering significant selling pressure. We'll have to wait and see if BTC can break through this resistance. A successful break above the resistance would be bullish and could propel the price towards the $70,000 level. However, a rejection from this area could lead to a drop in price to below $62,000.

Crypto VIP Signal

22 Sep 2024 19:59

NTRN analysis:

Price has broken the resistance area and is now retesting it. You can open a long position at the support area with a tight stop loss. We expect a bounce from here toward the resistance area.

Support Area: $0.40-$0.42

Resistance Area: $0.52-$0.54

Crypto VIP Signal

22 Sep 2024 13:18

EGLD has rebounded from the support area after a retest. If you have opened long positions, it's advisable to increase your stop loss. There may be a move towards the resistance area in the coming days.

Crypto VIP Signal

22 Sep 2024 08:32

Bitcoin is currently trading sideways, and we expect slow movement due to it being Sunday. Let's see how BTC starts the new week. The resistance level remains unchanged.

Crypto VIP Signal

21 Sep 2024 14:03

ETH gas prices in summer 2024 have hit lows not seen since early 2020. This decrease in gas fees could signal a more efficient network or a drop in on-chain activity.

Crypto VIP Signal

21 Sep 2024 08:30

Bitcoin is experiencing selling pressure at the resistance area. The market remains unchanged, and we may see another move towards the resistance area.

Crypto VIP Signal

20 Sep 2024 18:09

AKRO is charting a new course in decentralized finance (DeFi), laying the groundwork for a platform where Permissionless Listings (PL) and Artificial Intelligence (AI) meet traditional trading, lending, borrowing, and staking.

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here.

Targets: $0.004960 - 0.006865 - 0.010080 - 0.015500

Crypto VIP Signal

20 Sep 2024 16:30

MicroStrategy has added another 7,420 BTC to its holdings, purchasing them for approximately $458.2 million at an average price of $61,750 per Bitcoin.

Crypto VIP Signal

20 Sep 2024 11:39

FLOKI broke the triangle in an upward direction as expected. You can establish a long position at the retest of the support area. We will see a good rally if BTC remains stable.

Crypto VIP Signal

19 Sep 2024 20:15

VIC Analysis :

VIC kept oo rejecting from the Major Resistance Area and Forming a Inverse Head & Shoulder Pattern, in which price on it verge to break it. Nothing much as of now, open long position after the major resistance break.

Major Resistance : $0.46 - $0.48

Crypto VIP Signal

19 Sep 2024 14:04

Educational Post

What Are Index Funds?

An index fund is a type of investment fund designed to replicate the performance of a specific index of financial markets, such as the S&P 500 or the FTSE 100. These indexes represent a collection of stocks or bonds, and the index fund aims to mirror their performance by holding a similar portfolio of securities.

How Index Funds Work

Index funds typically work by holding a portfolio of securities that closely matches the composition and weightings of the index they aim to track. For example, an S&P 500 index fund will invest in the 500 companies included in the S&P 500 index, with each holding proportionate to its market capitalization within the index. This approach ensures that the fund's performance closely aligns with the index.

Benefits of Index Funds

1. Diversification: Index funds can provide diversification by investing in a range of securities within a single fund. This diversification spreads risk across different sectors and companies, reducing the impact of any single stock's performance on the portfolio.

2. Lower costs: Index funds often have lower expense ratios compared to actively managed funds. Since index funds do not require frequent buying and selling of securities by fund managers, the operational costs are minimized, resulting in lower fees for investors.

3. Consistent performance: The goal of an index fund is to match the performance of its underlying index, not to outperform it. While this means the fund won't beat the market, it also ensures that it won't significantly underperform. Over time, this can provide investors with consistent and reliable returns.

4. Ease of investing: Index funds are straightforward to buy and sell, making them suitable for both novice and experienced investors. They can be bought through brokerage accounts, retirement accounts, and various other investment platforms.

Crypto VIP Signal

24 Sep 2024 12:37

There is a significant cluster of liquidations on both sides of the market. On the upside, heavy liquidations are concentrated between $63,800 and $64,000, while on the downside, they are between $62,400 and $62,600. This could result in a quick pump and dump scenario to liquidate all positions and balance the market. Keep an eye on price action in these zones.

Crypto VIP Signal

24 Sep 2024 08:43

Bitcoin has been rejected from the resistance area, and the selling pressure remains high. Another test of the resistance area may occur in the coming days. Let's see how the price reacts now. The market conditions remain unchanged.

Crypto VIP Signal

23 Sep 2024 15:09

Over 40% of Ethereum's total supply is currently locked in smart contracts, but recent data from Glassnode indicates a slight decline in this trend.

Crypto VIP Signal

23 Sep 2024 11:03

After the breakout, FLOKI has successfully retested the support area. You can open a long position here with a tight stop loss. We may see a move towards the next resistance area in the coming days.

Resistance Area: $0.0000157-$0.0000162

Crypto VIP Signal

22 Sep 2024 22:03

AKRO achieved first target. Price made than 15% profit from our entry. Our team is working hard to find good trades. Pin our channel on top to never miss a signal and share it with your friends and family.

Crypto VIP Signal

22 Sep 2024 15:06

Glassnode's on-chain data suggests that the current cycle is underperforming compared to previous halving events. Unlike past bull runs, the price has not experienced a significant pump yet.

Crypto VIP Signal

22 Sep 2024 10:56

DOT has broken the triangle resistance line and is now retesting it. We expect a continuation of the upward movement. It is advisable to increase your stop loss and maintain the long position.

Resistance Area: $4.90-$5.10

Crypto VIP Signal

21 Sep 2024 20:48

API3 analysis:

Price broke the local resistance area and also underwent a retest. We may now observe a continuation of the upward movement. Consider opening a long position near the support area with a tight stop loss.

Support Area: $1.50-$1.55

Resistance Area: $1.95-$2.15

Crypto VIP Signal

21 Sep 2024 11:28

ETH is currently testing the local resistance area. If the price is able to break above this resistance, we may see a move towards the next major resistance area. The price has also broken out of a smaller triangle and is continuing its upward movement.

Crypto VIP Signal

20 Sep 2024 19:56

EGLD analysis:

Price has broken the resistance area and is now retesting it. You can consider opening a long position here with a tight stop loss. We expect to see a continuation of the upward movement towards the next resistance area.

Support Area: $26.60-$27.40

Resistance Area: $32.80-$33.50

Crypto VIP Signal

20 Sep 2024 18:08

#AKRO/USDT is surging from the demand zone and gearing up for a bullish ride 🚀

Buy on MEXC: https://www.mexc.com/exchange/AKRO_USDT

Buy on Binance: https://www.binance.com/en/trade/AKRO_USDT

Short term targets: 10%-30%-50%

Crypto VIP Signal

20 Sep 2024 13:29

Currently, BTC has been oscillating within a well-defined range for 6 months. Volatility is tightening and a big move is on the horizon. Interestingly, only August 2023 and May 2016 have shown a tighter 180-day price range for Bitcoin.

Crypto VIP Signal

20 Sep 2024 08:24

Bitcoin is approaching the resistance area. Let's see how the price reacts there. Overall market sentiment is bullish after the rate cuts.

Resistance Area: $64,500-$65,500

Crypto VIP Signal

19 Sep 2024 16:16

The wealth held by coins aged less than one week has dropped into the low liquidity zone, now representing just 4.7% of the total network wealth. This reflects a tightening supply, as the majority of coins are older than one week.

Crypto VIP Signal

19 Sep 2024 12:58

DOT dropped to the support area and then bounced from there. If you opened a long position at the support area, that's great. We might see a move towards the triangle's resistance line, so let's see how the price reacts there.