3Commas Announcements – Telegram
3Commas Announcements
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🌟 Welcome to the official Telegram channel of 3Commas.

• Our chat: @Community_3Commas
• Other links: linktr.ee/3commas.io
• Support: support@3commas.io
• Russian-speaking chat: @commaschatru

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BULL, BEAR, ETHBULL and ETHBEAR tokens are now available in SmartTrade and bots on Binance

They provide an ability to trade with x3 leverage on BTC and ETH.

Example
If the BTC exchange rate will increase by 1% than BULL rate will go up for 3% and a BEAR go down for 3%
If the BTC exchange rate will fall by 1% than BEAR will go up for 3% and a Bull go down for 3%
Binance will remove and cease trading on the following trading pairs at 2020/02/20 8:00 AM (UTC):

BAT/PAX, BNB/USDS, BTC/USDS, ONT/PAX, VIA/BNB

https://binance.zendesk.com/hc/en-us/articles/360039565412-Notice-of-Removal-of-Trading-Pairs-2020-02-20
​​The most interesting news for you in our digest

Market Cap:
$280 714 372 948
24h Vol: $163 125 380 571
BTC Dominance: 62,8%
BTC: $9677 (+0,7%)

Bitcoin is sick. After the CME gap was filled at $10’500, BTC price rolled back to $10’200 and then dropped to $9’200. What’s next? In the long run we are waiting the continuation of the rally to $11’500, but locally we can see the movements in the range of $9’600 - $8’800.

News.

🔹Coinbase becomes the first crypto exchange with the status «Visa principal member». This status gives financial institutions an opportunity to be an issuing bank. To say it simple, Coinbase can issue its own cards and provide transaction processing services.

🔹Sia launched decentralized file sharing platform Skynet. It allows users to upload files and share the generated link with anyone. And sure you don’t need a full node to get an access to the file. We have been waiting for the launch since 2017, but it was postponed several times. Only NEM with its Catapult can struggle with Sia for the noscript of the Main Deadline Busters.

🔹Tether will be added to the Bitcoin Cash blockchain. It’s not quite clear, why Tether needs so many platforms: OMNI, Tron, Ethereum, Liquid, EOS.. and Bitcoin Cash from now.

#3C_digest
​​Alt Season or Alt Correction?

Since the beginning of the year, the altcoin market has grown by 90%, reaching a market capitalization of $111 billion. While the market is experiencing favorable times we would like to talk about the big picture in general terms. More specifically, we will touch on the issues of market capitalization, the dominance of Bitcoin, and using the examples of previous alt seasons as our guide, we discuss what we may expect of altcoins in the near future.

Read article
Attention! Planned works tomorrow

Dear users, tomorrow (25.02) from 8:00 UTC servers will be going under maintenance for several minutes. We do planned work to improve the service performance. During the pause, all deals will not be executed.
Market Volatility is what can give you stellar returns

Meet Gordon – your friendly bot who’s not afraid of price drops. Easy to launch, with 3 risk levels you can choose from, Gordon is programmed to identify base price breaks and safely captures the proverbial “dead cat bounce”.

How does it work? Read the article for relevant crypto market news and learn more about Gordon who knows how to “Buy-the-Dip”.

Read article
Works have been completed. Service works in a regular mode
​​The most interesting news for you in our digest

Market Cap:
$262 227 898 435
24h Vol: $165 598 284 940
BTC Dominance: 64,1%
BTC: $9218 (-3,6%)

Situation on the market has not changed much since the last digest. Bitcoin is still moving towards $9’200-$8’800, slowly but surely. Altcoins go there too. If downward movement continues, you can set up a grid of orders for your favourite altcoins.

🔹TOP news of the past week: the Simpsons released a series, devoted to bitcoin. It explains how blockchain works and what cryptocurrency is.

🔹Warren Buffett still thinks the cryptocurrencies have no value.

🔹EOS block producers voted for reduction of inflation from 5% to 1% per year. In other words, validators reduced their own salaries.

🔹Ripple is going to create a «bridge» to Ethereum’s ecosystem. According to Ripple, «one of the most liquid cryptocurrencies in the world» needs Ethereum’s smart-contracts, taking into account the rising demand on DeFi products.

#3C_digest
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Overview of Promising Altcoins for 2020 (part 2)

Currently, there are more than 2,500 cryptocurrencies on the crypto market, and many more have long ceased to exist. To select promising and fundamentally strong projects from such a vast number of assets is an arduous task. In this article, we will continue to consider three promising projects that have the most considerable development and growth potential in 2020.

Read article

#BLOG
​​TOP News in our Digest

Capitalization: $250 bln
Trade Volume (24h): $154 bln
BTC Dominance: 64%
BTC price: $8803 (+0,39%)

Over the past 24h Bitcoin dropped to the level of January prices and tested support at $8’500. The market has lost about $15 bln during this drop, and the size of liquidations on exchanges is the biggest since the beginning of the year.

🔹SEC rejects the latest Bitcoin ETF applications by NYSE Arca and Wilshire Phoenix, due to concerns that cryptocurrency market is «too young» and easy to manipulate. This rejection caused a stir in the crypto community and maybe a sharp drop of Bitcoin price.

🔹More than $1.1 bln were liquidated on exchanges over the past 24h, when the price dropped to $8’500. According to bybt.com, most of liquidations over the past 24h occurred on Binance ($390 mln). It liquidated $100 mln more than «liquidation leader» - Bitmex.

🔹CEO of Binance is the wealthiest person in the crypto and blockchain space, according to Hurun Research Institute’s rating 2020. CZ doubled his net worth in just a year at $2.6 bln. This allowed him to lead the Hurun’s list.

#3C_digest
Markets continues to decline due to coronavirus

Financial markets are falling for the 6th consecutive day in the midst of an epidemic outbreak of coronavirus (COVID-19) in many countries. The main concern of investors is that the virus is able to cripple the global economy. According to recent data, in 50 countries around the world, 83 thousand people were infected with the virus. And more than 2,800 are already dead. The vast majority of cases and deaths happened in China. Recently, the virus began to spread actively in Europe, and after this panic occurred in world markets.

Weekly market losses have been the most severe since the financial crisis in 2008. Shares of companies around the world fell in price to $ 3.6 trillion:
• The Dow Jones Industrial Average fell Thursday at 1,190.95 points (-4.4%), which is the strongest daily drop in history;
• The S&P 500 index fell to 4.4% and during the week the decline is 10% - the worst week for the index since 2008;
• Nasdaq Composite lost 4.61%;
• The price of Brent oil fell to 4% ($ 45.22 per barrel), the decline over the week is 14% and it is the highest since 2011;

Indexes continue to decline as many countries introduce new measures to control the epidemics outbreak: public events are canceled, restrictions on airlines are introduced, borders and enterprises are closed. If the trend continues, the regulator will introduce measures regarding the movement of assets.

In this connection, an economic slowdown will force investors and traders to reconsider the possibility of preserving their own savings. Since the markets are at their maximum and falling in the event of a mass panic will affect all financial sectors.

As for Bitcoin, it can attract a huge number of new users to use cross-border movement of savings, which will inevitably affect the course and volatility of the cryptocurrency market. As it happened during the trade war between the USA and China and during the aggravated situation in Iran.
Warning!

Binance API is malfunctioning. Possible problems with execution of deals.
​​Cryptocurrency prospect analysis on the example of dotcoms

In the late 1990s there was a brisk growth in the value of shares of Internet companies. But in 2001, the stocks of these companies were worth ten times less. This event has gone down in history as the “Dotcom Bubble”.

This situation bears analogy to the development of cryptocurrencies and blockchain. Therefore, it is worth considering that many crypto projects will follow the "dotcom" example.

Let's analyze cryptocurrency prospect on the example of dotcoms in this article.

Read article

#BLOG
😎 Are you ready for the New Market Making bot?

We are considering creating a new trading bot, and we want to know if you are interested.
The Market Making bot can earn on the difference between Bid and Ask. That's how it works. If you are interested and think you may like to use it in the future, please follow the link and leave a request.

🔹About the Bot
Get first positions in an order book and maximum profit in low volatility markets.
The Market Making bot automatically adjusts to market movement.

🔹 How it Works
By placing an order in order book, a trader buys higher and sells cheaper. Market Making bot will help you make a profit on the difference between Bid and Ask, spread. You will get the first positions in an order book, so you are both a seller and a buyer, thereby earn on the difference.

If this bot sounds interesting to you, please follow the link and leave a request; you will be the first to receive all pre-launch news.

Leave your request ➡️ https://mmbot.io/
​​The most interesting news in our digest

Capitalization: $252 billion
Trade volume (24h): $171 billion
BTC Dominance: 63.7%
BTC: $8,803 (-0.1%)
USD: 66.56 RUB
EUR: 73.91 RUB

🔹Bitcoin is in the correction stage after reaching the mark of $10,500. The asset has successfully fixed at $8800-level and is trading above the 200-day moving average. Analysts also note that the inverse Head and Shoulders pattern with the key supporting levels of $7800- $8100 formed on the weekly timeframe. If this pattern will develop, medium-term goals for Bitcoin may be in the range of $10,000-$12,000.

🔹In the latest Bloomberg report it is noted that since 2017 hackers have stolen about $9.8 billion in cryptocurrencies from investors because of neglecting security measures. The publication also refers to KPMG's statement that crypto industry will be able to develop even further when improves the security of the utilized assets.

🔹Exchanges continue getting rid of illiquid trading pairs actively in order to consolidate and increase liquidity on their platforms. Thus, last week the Binance Exchange announced the removal of 5 trading pairs. Following it, BitFinex exchange plans to remove 46 illiquid trading pairs, (the majority of which are in BTC and ETH) on March, 6th.

🔹The most anticipated Ethereum update with the transition to ProgPow may be in question. The representatives of the Ethereum community put forward a petition with the suggestion to give up on activation of EIP-1057 (ProgPoW) due to inefficient cryptocurrency mining on ASIC miners. In the future this may lead to the network split.

🔹Bitcoin network hash rate has risen to 136 EH/s and hits new all-time high. There was fear that Coronavirus would push for the network data rate. Because major manufacturers of mining equipment in China stopped their work and new equipment supply.

🔹‘Due to the increasing complexity of mining, 98% of modern ASIC devices will become irrelevant in the near future’, this was stated by blockchain specialist Alex de Fries. He believes that the mining industry of Bitcoin produces more electronic waste than some countries. This trend will continue as the average soft life is about 1.5 years.

#3C_digest