Educational Post:
What is blockchain bridge?
To understand what a blockchain bridge is, you need to first understand what a blockchain is. Bitcoin, Ethereum, and BNB Smart Chain are some of the major blockchain ecosystems, all relying on different consensus protocols, programming languages, and system rules.
A blockchain bridge is a protocol connecting two economically and technologically separate blockchains to enable interactions between them. These protocols function like a physical bridge linking one island to another, with the islands being separate blockchain ecosystems.
Thus, blockchain bridges enable what is called interoperability, meaning that digital assets and data hosted on one blockchain can interact with another. Interoperability is the cornerstone of the internet: Machines worldwide use the same set of open protocols to talk to each other. In the blockchain space, where there are many distinct protocols, blockchain bridges are essential to enabling a similar ease of exchanging data and value.
How do blockchain bridges work?
The most common use case for a blockchain bridge is token transfer. For example, you want to transfer your bitcoin (BTC) to the Ethereum network. One way is to sell your BTC and then purchase ether (ETH). However, this would incur transaction fees and expose you to price volatility.
Alternatively, you can achieve this objective by using a blockchain bridge without selling your crypto. When you bridge 1 BTC to an Ethereum wallet, a blockchain bridge contract will lock your BTC and create an equivalent amount of Wrapped BTC (WBTC), which is an ERC20 token compatible with the Ethereum network. The amount of BTC you want to port gets locked in a smart contract, and the equivalent tokens on the destination blockchain network are issued or minted.
A wrapped token is a tokenized version of another cryptocurrency. It’s pegged to the value of the asset it represents and typically can be redeemed for it (unwrapped) at any point.
What is blockchain bridge?
To understand what a blockchain bridge is, you need to first understand what a blockchain is. Bitcoin, Ethereum, and BNB Smart Chain are some of the major blockchain ecosystems, all relying on different consensus protocols, programming languages, and system rules.
A blockchain bridge is a protocol connecting two economically and technologically separate blockchains to enable interactions between them. These protocols function like a physical bridge linking one island to another, with the islands being separate blockchain ecosystems.
Thus, blockchain bridges enable what is called interoperability, meaning that digital assets and data hosted on one blockchain can interact with another. Interoperability is the cornerstone of the internet: Machines worldwide use the same set of open protocols to talk to each other. In the blockchain space, where there are many distinct protocols, blockchain bridges are essential to enabling a similar ease of exchanging data and value.
How do blockchain bridges work?
The most common use case for a blockchain bridge is token transfer. For example, you want to transfer your bitcoin (BTC) to the Ethereum network. One way is to sell your BTC and then purchase ether (ETH). However, this would incur transaction fees and expose you to price volatility.
Alternatively, you can achieve this objective by using a blockchain bridge without selling your crypto. When you bridge 1 BTC to an Ethereum wallet, a blockchain bridge contract will lock your BTC and create an equivalent amount of Wrapped BTC (WBTC), which is an ERC20 token compatible with the Ethereum network. The amount of BTC you want to port gets locked in a smart contract, and the equivalent tokens on the destination blockchain network are issued or minted.
A wrapped token is a tokenized version of another cryptocurrency. It’s pegged to the value of the asset it represents and typically can be redeemed for it (unwrapped) at any point.
TRU/BTC
TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 340-390-450-500 satoshi
TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 340-390-450-500 satoshi
Crypto Chart Alerts
TRU/BTC TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right…
TRU Hit 374 Satoshi in BTC pair. That is more than 25% quick profit. Keep earning 😊
Crypto Chart Alerts
TRU/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.0736-0.0985-0.1257-0.1675 SL: $0.0443
TRU/USDT pumped to 0.0798, That is more than 25% massive profit for you guys. Our team always try to best TA+FA based signals. Pin our channel on top to never miss a signal or update and share it with your friends and family. Keep Earning 😊
Crypto Chart Alerts
WAVES tried multiple times to break above the resistance area but rejected from there. This is the reason we told you to not open long position here. We will see test of lower support area before next move. Still there is no buying opportunity yet.
WAVES tested the lower support and bounced from there. The resistance level remains the same and we might see retest of resistance soon. If you have long position then book profit near the resistance area. You can also open a short position at resistance with tight stop loss.
HIGH/BTC
HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 743-895-1015-1125 satoshi
HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 743-895-1015-1125 satoshi
UNI analysis:
UNI formed double bottom (W pattern) which is a trend reversal pattern. The major support is now $4.70-$4.80 area. The major resistance is the $5.40-$5.60 area and a break above this is bullish. Don't open any long positions here as we may see a test of support before the next move. You can short UNI near $5.50 with a tight stop loss above the $5.70 area.
UNI formed double bottom (W pattern) which is a trend reversal pattern. The major support is now $4.70-$4.80 area. The major resistance is the $5.40-$5.60 area and a break above this is bullish. Don't open any long positions here as we may see a test of support before the next move. You can short UNI near $5.50 with a tight stop loss above the $5.70 area.
Crypto Chart Alerts
BTC is trying to break the resistance area. If BTC break this resistance level then we see a test of $23,000 resistance area. If BTC rejected from here then we see a test $19,500-$20,000 area.
Bitcoin is continuously trying to break the resistance level but the wicks show price rejection. BTC needs to break and hold above this level. Let's see how the global market opens on Monday and BTC will follow them. If global markets open in green then we see a break of this resistance zone.
Crypto Chart Alerts
TRU/BTC TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right…
TRU made a high of 442 sats, that is more than 46% profit from our buying price. Market is not good still our technical analysis team able to find good gems. Our team always try to find coins with best TA setup and good fundamentals. Pin our channel on top to never miss a signal and share it with your friends and family. Premium members gets better entry and early signals. Keep Earning 😊
Crypto Chart Alerts
TRU/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.0736-0.0985-0.1257-0.1675 SL: $0.0443
TRU USDT pair also made a high of $0.0945, that is more than 45% profit. Keep booking profit.
Educational Post:
There are countless ways to generate profits in the financial markets. Some traders will use technical analysis, while others will invest in companies and projects using fundamental analysis. As such, you, as a trader or investor, also have many different options to create a profitable trading strategy.
However, what if the market is going through a prolonged bear market, where prices are continually declining? What can traders do then to maintain a source of income from trading?
Shorting the market allows traders to profit off price declines. Entering a short position can also be an excellent way to manage risk and hedge existing holdings against price risk.
What is shorting?
Shorting (or short selling) means selling an asset in the hopes of rebuying it later at a lower price. A trader who enters a short position expects the asset’s price to decrease, meaning that they are “bearish” on that asset. So instead of just holding and waiting, some traders adopt the short selling strategy as a way to profit off an asset’s price decline. This is why short selling can also be a good way to preserve capital during price declines.
Shorting is very common in essentially any financial market, including the stock market, commodities, Forex, and cryptocurrency. As such, short sales are widely used by retail investors and professional trading firms, such as hedge funds. Short selling stocks or cryptocurrencies is a common strategy for both short-term and long-term traders.
The opposite of a short position is a long position, where a trader buys an asset in the hopes of selling it later at a higher price.
There are countless ways to generate profits in the financial markets. Some traders will use technical analysis, while others will invest in companies and projects using fundamental analysis. As such, you, as a trader or investor, also have many different options to create a profitable trading strategy.
However, what if the market is going through a prolonged bear market, where prices are continually declining? What can traders do then to maintain a source of income from trading?
Shorting the market allows traders to profit off price declines. Entering a short position can also be an excellent way to manage risk and hedge existing holdings against price risk.
What is shorting?
Shorting (or short selling) means selling an asset in the hopes of rebuying it later at a lower price. A trader who enters a short position expects the asset’s price to decrease, meaning that they are “bearish” on that asset. So instead of just holding and waiting, some traders adopt the short selling strategy as a way to profit off an asset’s price decline. This is why short selling can also be a good way to preserve capital during price declines.
Shorting is very common in essentially any financial market, including the stock market, commodities, Forex, and cryptocurrency. As such, short sales are widely used by retail investors and professional trading firms, such as hedge funds. Short selling stocks or cryptocurrencies is a common strategy for both short-term and long-term traders.
The opposite of a short position is a long position, where a trader buys an asset in the hopes of selling it later at a higher price.
Crypto Chart Alerts
ZIL broke the major resistance level of $0.378 and pumped hard. Wait for a test of this level again for new entries. Don't FOMO buy now because volatility is high. The next major resistance is $0.0465-$0.0482 area.
ZIL retested the support level and we hope your buy order gets filled. ZIL trade is now running with near 35% profit. ZIL also breaks the $0.0482 resistance area. You can book some profit here and hold the rest with tight stop loss. The next resistance is the $0.0582-$0.0613 area.
Crypto Chart Alerts
TKO/BTC Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year. Technically lying above strong support. RSI is in the oversold region.…
#TKO /BTC Also Doing good job after the call. Price made a high of 1580 SATs, which is 16% from our entry. I hope you locked profits put there. Keep Earning 🚀.
Crypto Chart Alerts
POLS/BTC Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard…
POLS made a high of 3016 sats, that is more than 27% profit from our buying price. Market is not good still our technical analysis team able to find good gems. Our team always try to find coins with best TA setup and good fundamentals. Pin our channel on top to never miss a signal and share it with your friends and family. Premium members gets better entry and early signals. Keep Earning 😊
Crypto Chart Alerts
POLS/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.56-0.75-0.87-1.05 SL: $0.36
USDT pair also did a great job. Price made a high of $0.64, which is 30% Quick profit.