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

⚡️How does bitcoin work❓ 🤔

🎲The idea behind BTC 💰 by its creator Satoshi Nakamoto was to build a payment system without intermediaries, where the payments take place directly between users (sender and receiver) 📥

Each BTC transaction in the main network passes through 7 stages:
⚪️Selection of the recipient, transfer amount and commission.
⚪️The sender signs the transaction with a private key and sends it.
⚪️Nodes checks the eligibility of the transaction and sends it to the miners.
⚪️The miners add the transaction to the block.
⚪️The miners calculate the hash of the new block.
⚪️The new block is verified and added to the blockchain.
⚪️Nodes add the new block to their copy of the blockchain.

Knowing the algorithm gives the understanding that:
⚪️Nodes can only skip a transaction if you don't have the right amount in BTC.
⚪️Miners can delay processing a transaction, but are unable to cancel it.

📌Save this information so you don't forget

✔️@CryptoTradeTg

💎 21Shares, an issuer of exchange-traded products, will launch an ETP for steaking Toncoin

The ETP, dubbed TONN, will be launched on the SIX Swiss exchange.

✔️@CryptoTradeTg

WIF memcoin surpassed PEPE in terms of market capitalization and became the third largest among memcoins, after DOGE and SHIB.

WIF's largest holding address a $134 million gain (+1440%). It started buying WIF in December 2023 at an average purchase price of $0.248.

✔️@CryptoTradeTg

What is arbitrage in cryptocurrencies?

You may have come across this concept in the media. Cryptocurrency arbitrage is a strategy that involves buying cryptocurrency on one exchange at a lower price and selling it on another exchange at a higher price. This practice allows traders to capitalize on the difference in price on different platforms.

Arbitrage is a fairly accessible strategy that beginners can use to start exploring the world of crypto. But of course, it also comes with a lot of risks, so don’t count on landing that Lambo in your first month =)

✔️@CryptoTradeTg

Vitalik Buterin spoke about The Purge

Ethereum co-founder Vitalik Buterin spoke about The Purge, one of the key milestones in the further development of the blockchain.

According to him, protocol simplification is an underrated milestone of network refinement.

An example of The Purge, according to Buterin, is EIP-6780. This proposal was implemented as part of a major Dencun upgrade rolled out in early March 2024.

✔️@CryptoTradeTg

💰 Binance set to end Bitcoin NFT support despite recent surge in interest

Crypto exchange Binance is set to end support for Bitcoin NFTs less than a year after they were introduced to its marketplace. Binance said in a blog post on Thursday it would not support any further airdrops, benefits, or utilities associated with Bitcoin NFTs after April 10, citing “ongoing efforts to streamline product offerings” on its NFT marketplace.

Source

✔️@CryptoTradeTg

Saga (SAGA) on Binance Launchpool

Cryptocurrency exchange Binance announced the 51st project on the Binance Launchpool - Saga (SAGA).

Users will be able to place their BNB and FDUSD in separate pools to farm SAGA tokens for 4 days starting April 5, 00:00 (UTC).

Supported pools:
- BNB pool: 36,000,000 SAGA (80%);
- FDUSD pool: 9,000,000 SAGA (20%).

SAGA is expected to be listed on April 9 at 14:00 (UTC).

✔️@CryptoTradeTg

💸 FTX will only start paying off its debts at the end of 2024

The exchange's creditors will start receiving payments closer to the end of this year. The disbursements will be fixed for November 11, 2022, when the exchange filed for bankruptcy.

Do you think FTX will ever resume operations?

👍 - yes, under proper management it may and will return to the crypto market
🗿 - no, let them not even try

✔️@CryptoTradeTg

💰 Kevin O’Leary Reveals Crypto Now Makes up 11% of His Portfolio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that crypto now represent about 11% of his portfolio.

He stressed that he owns crypto coins directly and would never buy spot bitcoin ETFs.

The US Attorney for the Southern District of New York, and the Acting Special Agent in Charge of the New York Field Office of Homeland Security Investigations, criminally charged KuCoin and two of its founders with bank secrecy act and unlicensed money transmission offenses, alleging they helped grow the exchange into one of the largest crypto exchanges globally. Furthermore, the founders affirmatively attempted to conceal the existence of KuCoin’s US customers.

✔️@CryptoTradeTg

The main kinds of cryptocurrencies

Depending on how you look at it, cryptocurrencies can be divided into two to 10 categories.

Today, we’ll go over the three most common cryptocurrency categories:

1. Bitcoin

The world’s first-ever cryptocurrency, Bitcoin (BTC) was created by the pseudonymous entity Satoshi Nakamoto. It’s the most popular crypto in the world and has already become a household name. Its market capitalization is higher than its next closest competitor, Ether (ETH), by 2.5 times.

2. Altcoins

Traditionally, all cryptocurrencies that were created after Bitcoin are called altcoins. Examples of altcoins include Ether (ETH), Litecoin (LTC), BNB (BNB), and Cardano
(ADA). Developers and teams create altcoins to explore their endless possibilities and functions unavailable on the Bitcoin network.


It’s worth noting that Bitcoin’s market capitalization is equal to all other altcoins in the top 20 combined—another aspect showing Bitcoin’s dominance in the crypto market.

3. Stablecoins

These are altcoins created to hold a stable value. Stablecoins are usually backed by a fiat currency (or other cryptocurrencies sometimes) to keep their price at $1. Some of the most popular stablecoins are Tether (USDT), USD Coin (USDC), and Dai (DAI), whose value is always equal to 1 United States dollar.

Stablecoins have become a convenient option for international money transfers, money settlements, and locking in profits among investors and traders.

However, please note that no stablecoin is guaranteed to keep its peg to the U.S. dollar; stablecoins can also crash and lose their value (case in point: TerraUSD). Therefore, stablecoins also carry their own set of risks.

Of course, there are many more cryptocurrency categories — e.g., utility tokens, privacy coins, and governance tokens, to name a few. We’ll discuss these in a future post.

✔️@CryptoTradeTg

📈 BTC: $70596.59
• ETH: $3564.20
• LTC: $96.72
• BCH: $617.70
• BNB: $615.80

Wall Street giant Fidelity now holds 150K 💰 Bitcoin  worth over $10 billion.

It's just getting started 🚀

✔️@CryptoTradeTg

11 years ago, one of today's leading Bloomberg economists, Joe Weisenthal, wrote his position on Bitcoin:

"When bitcoin ceases to exist, it will be great fun to parse the terrible economic arguments that have been made to justify it"

Bitcoin is still here.

✔️@CryptoTradeTg

Exactly 11 years ago, the price of BTC fell 60% in one day from $265 to $185!

At the time it was dubbed "The Great Crash of 2013"

Today BTC is trading at $70,000 and the 60% drop is called a simple correction before the halving.

✔️@CryptoTradeTg