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Exchanges are like traditional banks, holding our money and valuable assets. Imagine waking up to find they're gone – it's unsettling. That's why staying informed about the exchanges we use is crucial in the crypto space. The recent transparency report revealed some interesting insights. According to the April report from Coingecko (https://www.coingecko.com/research/publications/centralized-crypto-exchanges-market-share), Binance ranked 1st, Gate took 2nd, and Bitget secured 3rd. I was surprised by Gate's position, but what really caught my attention was Bitget's impressive performance. With a significant increase in user base (120 million), new product integration, surging spot trading volume, and ambitious global expansion and regulatory compliance initiatives, they're a force to be reckoned with. If they maintain this momentum, it might be tough for others, like Bybit, to catch up. Do you think the top 3 exchanges deserve their rankings?
- Today
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So we're in the middle of May and so far I've been impressed with BTC price action, as a trader these are the kinda PA you want to hit crazy volumes & participate in any trading opportunities you can find. ETH was making the same price pump as BTC today but suddenly the price tanked which will still don't know the reason behind that yet. If the price of BTC continues to increase, $5B Worth of BTC shorts will be liquidated if BTC price reaches $115,000 So while looking for extra events to get some additional liquidity, I came across BingX happy Friday and it's not new. They're actually on Phase 4 already and the price pool is around $50k usdt. Now here's where it's interesting. The requirements to participate in these events isn't difficult, in fact it's easily achievable and there's a high chance of you winning with a guaranteed reward for the participants. Ain't that fun? If you're like me that likes to explore these kinda events, you can check em out here, the link below is for easy participation as I will be doing the same thing this weekend in preparation for the new week which will be starting in a few hours from now. X Announcement link
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Before now, I never knew about native utility tokens, all I did was farm TG projects and other airdrops not until I came across BNB on coin market cap doing so well and I started looking into utility tokens ever since. According to CZ binance in the just concluded Token2049 event held in Dubai, ‘Utility tokens are not much and to that fact the crypto community should expect more of those. So that gave a hint to me. Just looking at other tokens including BNB and BWB though I can easily afford this utility token seeing that the price is at above $5 Hmmm, but this whales won’t tell us this; holding BGB gives you leverage to earn trending airdrops and more stacking opportunities where you can earn by being a holder, Apart from strong utility maintenance by burning down over millions of this token, just recently I joined the holders program where and earned free 1 of this token🥹 and from the event, participants stand a chance to share 5000 BGB and airdrops. I’m looking out for other utility tokens with active community. and for this token, do you think it’s got a good forecast of reaching $10 by the end of 2025?
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One significant barrier to the widespread adoption of cryptocurrencies, particularly as a reliable medium of exchange, stems from their inherent price volatility. Unlike traditional currencies managed by central banks, cryptocurrencies traded in open markets lack a central authority focused on maintaining value stability. This susceptibility to sharp gains or losses has limited their practical use in commercial transactions. The introduction of stablecoins has critically addressed this challenge. These cryptocurrencies are specifically engineered to maintain a stable value, making them far more suitable for commerce and as a reliable store of value within the digital asset space. Their presence fundamentally changed the crypto market landscape, significantly boosting liquidity by enabling exchanges to offer trading pairs anchored to stable representations of fiat currencies. Stablecoin design employs various models, each presenting distinct mechanisms and trade-offs. Reserve-backed stablecoins, like USDT or USDC, maintain their peg by holding an equivalent amount of fiat currency or cash equivalents in reserve Collateralized stablecoins, such as Dai, achieve stability by being over-collateralized with other cryptocurrencies, creating a buffer against market fluctuations of the backing assets. While algorithmic stablecoins, on the other hand, attempt to maintain a stable price through automated supply adjustments, mimicking central bank monetary policy without direct asset reserves. Within this ecosystem, stablecoin-based products offer yield-generating strategies. As an illustration, the $USDQ Wealth Product on BingX, developed by Quantoz, is currently listed with an offering of up to 20% APR. Such offerings provide investors with an avenue to potentially enhance their portfolio's value through yield while mitigating exposure to the sharp price volatility characteristic of non-stable cryptocurrencies, underscoring the evolving financial strategies within the crypto market. However, please note that these are just thoughts and observations, not financial advice. It is crucial to conduct your own thorough research (DYOR) before making any investment decisions.