JUST IN: Craig Wright is not the creator of 🥇 Bitcoin and he’s not Satoshi Nakamoto, Judge rules.

✔️@CryptoTradeTg

💰 9 New Bitcoin ETFs Surpass GBTC by Accumulating 450,000 BTC Worth Over $30B

The latest statistics on bitcoin reserves from the nine new spot bitcoin exchange-traded funds (ETFs) reveal they currently possess 453,503.98 bitcoins, valued at approximately $30.29 billion based on the current exchange rates.

✔️@CryptoTradeTg

Crypto speak: Cryptosis

“Cryptosis” is a word used to describe an insatiable craving for knowledge about cryptocurrency. It sounds like the name of a disease, but here, it’s a friendly one.

Symptoms include forum activity, active conversations about cryptocurrency with friends (which sometimes look like monologues), and minimizing risks when trading.

Do you have these symptoms?)

✔️@CryptoTradeTg

⚡️⚡️⚡️⚡️⚡️⚡️

• BTC: $61871.54📉
• ETH: $3147.88
• LTC: $79.66
• BCH: $357.50
• BNB: $516.80

✔️@CryptoTradeTg

🇺🇸 SEC delays making a decision on the Hashdex and Ark 21Shares 🪙 Ethereum ETFs

The Securities and Exchange Commission has delayed its decision timeline on whether it will approve the Hashdex Nasdaq Ethereum exchange-traded fund. If approved, the Hashdex ETF will hold spot ether and futures contracts. In a notice filed on Tuesday, the SEC said it would be extending its time to make a decision to May 30, 2024.

✔️@CryptoTradeTg

💰 MicroStrategy bought 9,245 BTC for $600 million

The company completed the placement of convertible bonds for $603.75 million. The proceeds were used to purchase Bitcoin between March 11 and March 18.

✔️@CryptoTradeTg

Crypto speak: Boomercoin

“Boomercoin” is a term used to refer to cryptocurrencies that tend to appeal to older generations. It is believed that such members of the crypto community are most often poorly versed in the nuances of crypto investing.

In short, the term has a pejorative tone. Boomercoins refer to coins that have little or no use and no value. Often, such projects are outright scams, so the term can also refer to fraudulent tokens.

Sometimes, boomercoins are poorly thought-out or overly complex crypto projects without practical use. When people use the term, they’re hinting that the discussed cryptocurrency will disappear sooner or later.

✔️@CryptoTradeTg

Inflation in cryptocurrencies

In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.

Inflation in cryptocurrencies occurs when too many new coins are issued.

A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.

Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.

But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.

However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.

✔️@CryptoTradeTg

💰 Standard Chartered: Ethereum spot ETFs could still be approved on May 23rd.

If approved, Ethereum spot ETFs could generate inflows of up to $45 billion in the first 12 months.

✔️@CryptoTradeTg

Crypto Speak: Bounty campaigns

These are various reward techniques aimed at attracting new users. They usually involve tasks and rewards for completing them.

This is how it goes down: You subscribe to a crypto project’s social media and then, say, perform some actions on the platform. For completing tasks, you may be rewarded with bonus coins or given a chance to participate in a draw for valuable NFTs or tokens.

✔️@CryptoTradeTg

TON consolidates above the $5 mark - TVL Coin broke a record

Rising thanks to news of a new all-time high. The total blocked value of assets on the TON network has surpassed $76 million.

✔️@CryptoTradeTg

💲The release of new USDT by Tether signals an increase in the inflow of fiat money into crypto, which helps support cryptocurrency prices, according to analysts at Marixport.

✔️@CryptoTradeTg

How to Analyze Crypto Projects❓

First of all, you need to understand that there is no single criterion guaranteeing 100% project success and the absence of a chance to stumble upon a scam project or a "shell". 😉

But if you analyze the project comprehensively, you can likely find worthy options that will be profitable for the investor. 📈

1. Legality
Check where the company is registered. Most information can be easily found online. The main information may also be reflected in a document called a "white paper" (it describes the project's goals, technical characteristics, algorithms, and operating principles). Every project or blockchain in the crypto market should have a "white paper". 🔍

2. Team
The track record of team members can tell a lot about their experience, successes, competencies, and past failures. Who people worked with before, whether they have any dubious connections to past scam projects, etc. 🤝

3. Product
Pay attention to whether the product has real demand and value. Not just within the project participants, but generally. Generally, pyramids never offer any product and promise money only from the money of newly entered participants. Often, it is quite difficult from the outset to determine whether an investor is facing a pyramid or not. 💼

4. Functionality
Some crypto assets are created as a solution to some urgent problem. And sometimes the effect of such a solution is not noticeable. It is necessary to understand why: is the issue in implementation or insufficient project funding? Perhaps the creators do not fully understand the problem, or society is not yet ripe for such solutions? It is important to interpret the market situation as accurately as possible. Then you can forecast its further development. 🛠️

5. Publicity
If a coin is not traded on a major public international exchange, it is a clear signal to think. 💬

6. Community
The community will immediately show what is being discussed online (forums, chats, groups, live broadcasts, etc.) and at offline meetings. If there are no discussions about algorithms, tokenomics, blockchain, software, functionality in the crypto project, it is again a reason to think, because this is more likely not a crypto project but another financial pyramid. 🗣️

7. Partnership Program
It is important to remember that any pyramid is an MLM company, but not every MLM company is a pyramid. 💼

8. Media
It is important to understand not only what the media write about the project but also who writes it. It is important to look at various publications, the authority of the media. Sometimes information may be unreliable, ordered, etc. 📰

9. Profitability
This indicator must be considered together with other indicators of fundamental analysis. Good profitability is good. But it's even better if it lasts a long time. Understanding how long the profitability will last is understanding the project's financial model. Profitability is nothing but the result of a company's activities. And if the result is not fictitious, then you can be calm. 💰

#education

✔️@CryptoTradeTg