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Velas: possible a great project yet undervalued1. Introduction Maybe this is one of the big projects still in the initial phase. Imagine investing in Solana, buying the SOL token when it was worth only pennies on the dollar. Today it is worth $180... 2. Definition Basically, Velas is a Solana-based blockchain that aims to simultaneously deliver Solana's speed and scalability, with EVM (Ethereum Virtual Machine) compatibility. Ethereum is the largest DeFi ecosystem in the world. This compatibility will facilitate mass portability of Dapps who want to take advantage of the resources of the Solana ecosystem. VLX is the token used for transactions, payments, fees and Proof-of-Stake consensus, just as SOL is used in the Solana network. 3. Tokenomics 'Tokenomics are the economics rules of behavior and interaction of participants in the blockchain network'. Total supply: 2,124,380,663 VLX Circulating supply: 2,124,380,663 VLX Inflation rate: -8% 4. Wallets Velas EVM x Velas Native x Velas Legacy a) Velas EVM --> is a wallet to interact with EVM applications (made with Ethereum technology). Also used to exchange currencies for BEP-20 (Binance Smart Chain) and ERC-20 (Ethereum Mainet Chain) format. b) Velas Native --> is the required wallet for staking, and applications written at the native level (Solana technology). c) Velas Legacy --> is a wallet to interact with old exchanges or exchanges that have not yet migrated to the Velas EVM\Native 5. DeFi The network already has an active DeFi. On the DeFi Llama website, the blockchain has a TVL (Total Value Locked) of $31,166,653. It is still at an early stage with only one Dapp: WagyuSwap , whose token is WAG . By way of comparison, the Ethereum network has a TVL of $196.81b, and Solana has $11.79b 6. Graphical Analysis For a more thorough analysis, I pulled Coingecko's past data. We have a bullish parallel channel. Plotting the Fibonacci retracement from the bottom of 0.03 to the top of 0.63, we can see that we are theoretically at a good buy point at the 61.80% or 50% resistance. In a more optimistic scenario, the price could test this region of 61.80% and 50% and then rise again. In a bearish scenario, the price could retest the channel at the bottom, and only then go back up. Greetings
VLong
by andre_007
1
PancakeSwap The #1 AMM : CAKEUSDT analysisThe #1 AMM and yield farm on Binance Smart Chain. ❇️ COINMARKETCAP's DATA : Rank #26 - kind: Token- On 169,833 watchlists - Market Cap :$6,394,389,110 Fully Diluted Market Cap: $6,558,725,629 Volume24h: $633,184,924 Volume / Market Cap : 0.05967 Circulating Supply :161,882,860 CAKE Total Supply: 161,882,860 What Is 🌟PancakeSwap (CAKE)🌟? PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. PancakeSwap uses an automated market maker model, meaning that there are no order books and liquidity pools are used instead. A user can earn income by becoming a liquidity provide; by adding their tokens to the liquidity pool they can farm LP tokens and stake their CAKE to earn rewards. They can also try their luck with the lotteries and non-fungible tokens. The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform. Users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up. This is known as farming and is rewarded by the system with CAKE tokens. The tokens can be un-staked with zero holding time. CAKE gives users the opportunity to invest and increase returns in the future but comes with risks. CAKE can be used to enter a lottery on PancakeSwap. Users can also win non-fungible tokens that can be traded for CAKE or kept in a wallet. ❇️Who Are the Founders of PancakeSwap? PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) that was launched by anonymous developers with an apparent passion for pancakes. and always has been supported and recommended in twiter by CZ , ceo of binance . coinmarketcap- pancakeswap.finance ------------------------------------------------------------------------------------------------------------------ ✅TECHNICAL ANALYSIS As you can see in the daily time frame chart for CAKE/USDT, the price is trading at around $40 . It's been about two months since PancakeSwap was recently added to the market and I do not have a comprehensive analysis because it is usually technical based on the past but you can buy in the green support areas with more confidence and EMA 50 and 21 can also support the price .if the defi season starts I think It has a very high potential, which atleast must be placed in our watchlist . -------------------------------------------------------------------------------------------------------------------- (Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .) also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades 👍 PLZ support me and hit that damn like button and comment
Long
by PRO_SMART_Trader
BITCOIN - 60k still in play for this year? 🎁 (Not a setup) 60k still in play for this year? Yes - We could see a strong push within all markets end of this year! We are still expecting another small correction within the next few days.. We expect to see a strong push afterwards towards 60k around christmas as a gift to all holders, who knows. There should be a correction around those levels. If we are lucky enough we might see a strong push around january towards all time highs! What do you think, let us know and.. leave us some love <3 Have a great week everyone! ALAN
Long
by DACapitalTrading
11
Total Cryptocurrency Market Cap Update 13/12/21: Road to $6T In regards to the Total Market Cap for the whole cryptocurrency market, since the 3rd Dec crash the total market cap dropped by 27% from $2.604 Trillion to $1.891 Trillion, revisiting previous levels experienced during the May crash and September. Over the past 10 day the total market cap has recovered +9% from -27% to -18% since the 3rd December. I believe we may retest the 200sma again just above the 61.80% before retesting the 78.60% fibs @ $2.43 Trillion and then the ATH @ $3.738 Trillion which we can expect during Phase 2 of this super cycle. Please see previous analysis below. happy trading :) 20/10/21: The road to $6T Crypto Market Cap 2022 forecast; On the 27th July we got further confirmation from the swing call script. We expect this move up to new ATHs to happen in 2 main push phases, the first a break above the 127.20% Fibs towards the 161.80% Fibs @ $3.985T. We can expect to reach the first target by eoy 2021/start of 2022. This may not be a as straight forward push as 2 push phases but several impulsive push phases with periods of accumulation and distribution maintaining bullish sentiment.
CRYPTOCAP:TOTALLong
by CryptocurrencyMagnet