Too much euphoria is never good – The exit scams were rampant during the madness of ICO in 2017. 3 years later, this phenomenon seems to have now deported ecosystem DeFi.

DistX: the rocket explodes in mid-flight

DistX is a platform in the DeFi ecosystem specializing in token presales . Launched last August, it completed 3 presales, and its DISTX token reached $ 0.25 in early September. In addition to these pre-sales, DistX offered its token holders to recover up to 2% of the funds raised. But she found herself at the center of a melodrama , as the Decrypt media reported .

So far, everything was going well for the project, despite a drop in price to around $ 0.07.

However, on December 13 , the project’s founder, Adrian Daluz , announced on Discord that DistX was shutting down . To justify his choice, he highlights the failure of the last fundraiser as well as „family problems“ . He added that their tokenomics were „wobbly from the start“ .

Despite this, the team confirmed their willingness to repurchase the DISTX tokens available on Uniswap so as not to leave unnecessary and worthless tokens to investors. A kind of curious pump and dump the last chance , in fact.

“ Please be aware that we are not withdrawing cash and that with the remaining funds of the company (95,000 USD), we will buy DISTX tokens on Uniswap and burn them to help you draw a higher amount [than zero, ed. ] of your investment. „

A very different situation in reality

Despite this announcement, it seems that the DistX teams have not kept their promise .

Eh yes ! As pointed out by the group @WaronRugs , specializing in scam hunting, Adrian Daluz has indeed withdrawn the cash present on Uniswap.

He actually refunded 170 ETH to 36 of the 1,662 DISTX token holders, likely friends and family.

The latter then allowed himself to withdraw 22 ETH for his personal account, or $ 12,880 .

As the data from Blockchain.com shows, the Bitcoin hashrate began to fall around October 18. While it exceeded 146 psi, it dropped to 107 psi in the space of two weeks, its most dizzying dive this year:

Hashrate Bitcoin BTC progression

The Bitcoin hashrate has thus returned to levels not seen since June 2020. It should be noted that the other two major hashrate collapses in 2020 were due to the crash of the cryptomoney markets at the beginning of the Covid-19 crisis last March and then during the halving of Bitcoin in May.

Several factors can explain this sudden fall. On the one hand, the difficulty of mining began to rise again on October 17. The difficulty was automatically readjusted by +3.62%, making the BTCs harder to produce. It should be noted, however, that the difficulty had already increased by +11.35% in September, which had not triggered such a fall in hashrate.

This indicator must therefore be taken in conjunction with a meteorological trend. The rainy season has indeed ended in Sichuan in China, where many mining farms are located. Local miners can no longer take advantage of the particularly low electricity rates during the rainy season, so a number of them have stopped participating in the grid.

The long-term effects of Bitcoin’s halving can also be felt. Mining rewards have been halved since last May, which immediately eliminated some miners. The recent drop in hashrate may therefore also be due to a new wave of abandonment by miners who had been hanging on.

However, the BTC course has been in great shape in the last few days. This weekend, Bitcoin briefly surpassed $14,000. That’s a level not seen since January 2018, when Bitcoin hit a record high of nearly $20,000.

During the same period when the hashrate fell, the price of Bitcoin rose by 22%:

Bitcoin BTC November 2020 price

This morning, BTC’s share price exceeded $13,700, with a market cap of $253 billion. This corresponds to an increase of +48% over the last twelve months. However, traders remain cautious: the results of the U.S. presidential election fall this week, and disruptions are expected. The effect on the traditional markets and cryptomoney could therefore be significant.

IN BRIEF

• We observe a support at $62 and a resistance at $86.
• The price moves in a bevel or a descending triangle.
• DASH is probably nearing the end of its correction.

DASH appears to be approaching the top of its current pattern. A decisive movement out of it will therefore be crucial in determining its next trend.

The DASH has been declining along a resistance line since its low of $198.80 in May 2019. The slope of this line is not entirely clear due to the presence of many long upper strands.

Long-term DASH levels

More recently, the course has started an upward movement, between March and August 2020. It is now approaching the $61 support level, which corresponds to the fibonacci level of the upward movement mentioned above.

If this zone manages to start a rebound and the DASH begins to rise, the closest resistance zone will be at $86, coinciding with the downward resistance line.

Lack of confirmed data

The daily time scale offers signs of a possible bullish turnaround, but these are not confirmed. The strongest signal comes from the growing bullish divergence in the RSI. In addition, the MACD has also generated bullish divergences, and is on the rise.

That said, the Stochastic Oscillator has formed a bearish cross once again, raising doubts about the bullish scenario.

The daily chart shows a possible downbeat, which has an unusual formation. The price is rapidly approaching the convergence point between resistance and support, indicating that a decisive move could take place soon.

That said, the 6-hour chart shows a possible descending triangle, which is normally considered to be a bearish pattern. In addition, each rebound in the $65 minor zone has been weaker than the previous one. This is a sign of diminishing buying pressure.

Thus, a movement out of the resistance or support zones will be necessary to determine the future trend.

Waves of DASH

Cryptomurrency trader @Tradingsurfers relieved a chart showing a long term wave count. The latter presents two options: a bullish scenario towards new annual highs, and a bearish scenario towards new annual lows.

The most plausible count suggests that the DASH would be completing a correction in W-X-Y (in black below), and is currently in the final C wave (in blue).

So far, the price has reached the bottom of wave A at $61.30.

Further observation indicates that the price is probably in the 5th and final sub-wave (in red) of wave C, and will probably eventually rise after descending to a new low.

A likely target for the bottom of this movement would be between $55.20 and $59, the fibonacci levels 2.21 and 2.61 of wave 1. This target also coincides with the long-term support level outlined in Section 1.

In conclusion, until the price of the DASH has moved above or below its current pattern, the direction of the future trend cannot be properly determined due to ambiguous signs.

Yesterday, DeFi markets contracted sharply: total asset capitalisation fell by 25%, volumes fell by 30%.

The decentralized finance bubble (DeFi) continues to deflate, and crypto analyst Santiment reports a 25% drop in overall market capitalization of DeFi assets only yesterday.

In a blog post published on 8 October, Santiment estimated that daily trading volumes of DeFi tokens fell by 30% in total, while recent market leaders Sushi (SUSHI), Uniswap (UNI) and Yearn Finance (YFI) are the most affected crypto assets with weekly losses of 51%, 38% and 31% respectively.

„This week, the crypto market is submerged in a sea of red, and many DeFi tokens have recorded double-digit losses in the last 7 days“.
Noting that Twitter crypto has already emphatically declared the death of the entire experiment in decentralized finance, Santiment claims instead to have identified „whale accumulation“ activities in several DeFi assets, including Synthetix (SNX).

In addition, the company pointed out that the combined value of DeFi assets at the time of the last shift in the MVRV ratio fell to an all-time low, „indicating undervaluation“ at current price levels.

In the last week, the recently launched DeFi indices plunged to record lows, and yesterday the DeFi Composite Index of Binance Futures fell by 20%. To date, the index has lost 63% since its first trading day at the end of August.

TokenSets‘ DeFi Pulse Index (DPI) also contracted by 20% yesterday, reaching an all-time low of $71, and retracing nearly 50% since its launch four weeks ago.

Bitcoin ed Ethereum hanno condiviso il centro della scena a intervalli regolari quest’anno. In effetti, alcuni sostengono che Ethereum ha percorso più miglia e ha ottenuto più attenzione di BTC quest’anno. Un simile scenario si stava verificando anche nei mercati. Nel corso di alcuni periodi rialzisti nel 2020, in particolare durante la fine di luglio, Ethereum ha guidato il mercato con il suo rally prima che Bitcoin si unisse a 48 ore dopo.

Un periodo così breve è stato osservato anche durante l’ultima settimana di maggio

Tuttavia, al momento della stesura di questo articolo, il gioco si stava facendo duro e il mercato collettivo si aspettava che Bitcoin ‚duro‘ li guidasse fuori da questo periodo di prelievo. Tali aspettative possono essere evidenziate osservando i grafici seguenti.

Come si può osservare dal grafico , l’Ethereum-Bitcoin Implied Vol Spread a 3 mesi è in calo dopo aver raggiunto il picco a metà agosto. Significa che il mercato si aspetta attualmente che Bitcoin Trader riporti la volatilità, piuttosto che mantenere le proprie speranze su Ethereum . Ciò è interessante poiché, per la maggior parte del 2020, la volatilità implicita ETH- BTC ha assistito a un vantaggio dalla fine di Ethereum, soprattutto per quanto riguarda l’introduzione dell’azione dei prezzi sul mercato.

Tuttavia, con il mercato che raggiunge un probabile minimo locale, tutti gli occhi sono ora puntati su Bitcoin, e la maggior parte si aspetta che BTC guidi la valutazione del mercato.

I grafici della volatilità realizzata suggerivano una narrativa simile. Con l’ETH-BTC di 3 mesi realizzato diffuso su un piano inclinato, è chiaro che BTC sta già diventando più autorevole nello spazio del mercato digitale. Una situazione del genere consentirà sicuramente di aumentare la correlazione del mercato nei prossimi mesi, con BTC che potrebbe chiamare i colpi nel quarto trimestre del 2020.

La volatilità implicita di Bitcoin ATM raggiunge livelli storici di inversione

Con le luci della ribalta saldamente puntate su BTC, il mercato potrebbe non dover aspettare molto prima che BTC ricominci a tirare le fila. La narrativa del mercato è supportata dal fatto che la volatilità implicita ATM di 1 mese di BTC era al 49%. Per Bitcoin, l’IV che scende al di sotto del 50% è sempre stato un segno di un’inversione del mercato. Alla luce dei suoi livelli attuali, il palcoscenico è apparentemente pronto per Bitcoin per proiettare forti movimenti in qualsiasi momento.

Tuttavia, sarebbe meglio se la volatilità implicita scendesse ulteriormente nelle prossime settimane per raggiungere un fondo forte, che alla fine porterà a un rally più forte. Le altcoin possono fare molto quando si tratta di portare nuovi utenti nello spazio, ma alla fine della giornata, il mercato guarderà sempre a BTC per risolvere il suo dilemma ribassista.

Ripple a l’intention d’étendre son réseau d’institutions financières et recherche des ingénieurs d’intégration – aux EAU et au Royaume-Uni – pour trouver plus de clients et les aider à intégrer

Ripple cherche à étendre son réseau de clients en recrutant de nouveaux ingénieurs d’intégration à Dubaï et à Londres
Image de couverture via stock.adobe.com

Contenu
Les ingénieurs d’intégration de Dubaï et de Londres voulaient
Ce qu’ils devront faire pour le mastodonte DLT
Ripple vise à transformer les paiements transfrontaliers
Le poids lourd de la chaîne de magasins Ripple, basé à Crypto Bank  San Francisco, cherche à se développer en ajoutant d’autres institutions financières comme partenaires et clients à RippleNet, en donnant à leurs propres systèmes de paiement un accès transparent à celui-ci.

Ripple a publié deux postes vacants dans le domaine de l’ingénierie d’intégration qu’elle souhaite pourvoir.

Des ingénieurs d’intégration à Dubaï et à Londres voulaient
Ripple a publié deux postes vacants : un poste d’ingénieur principal en intégration à Dubaï, EAU, et un poste d’ingénieur en intégration du personnel à Londres, Royaume-Uni.

Selon les offres d’emploi, le premier aidera l’entreprise à élargir son réseau d’institutions financières et fournira aux partenaires nouveaux et existants un accès facile à RippleNet par le biais de leurs propres systèmes de paiement.

Le nouvel ingénieur d’intégration du personnel de Ripple (une fois trouvé et engagé) travaillera à la création et à l’essai de nouvelles solutions d’intégration et participera à des sessions de dépannage avec de grandes entreprises mondiales et leurs équipes techniques.

Ce qu’ils devront faire pour le mastodonte DLT Ripple
Parmi les tâches des deux ingénieurs d’intégration, on peut citer les suivantes : ils devront concevoir, construire, tester et déployer des solutions d’intégration pour Ripple et résoudre les problèmes que les clients et partenaires de Ripple peuvent rencontrer dans le domaine de l’intégration et du déploiement.

Ils devront également dispenser une formation de haut niveau aux nouveaux clients de Ripple.

Liens connexes
Liens connexes
Ripple cherche à renforcer la diligence raisonnable de sa filiale XRP II
Ripple vise à transformer les paiements transfrontaliers
Plus tôt, Marcus Treacher, vice-président senior de Ripple chargé de la réussite des clients, a déclaré qu’à l’heure actuelle, le marché des paiements transnationaux est assez fragmenté.

Cependant, il a ajouté que la normalisation ISO et la manière dont RippleNet s’attaque au problème et va transformer cette industrie.

Selon M. Treacher, les actifs numériques tels que le XRP peuvent potentiellement devenir une solution de paiement qui serait meilleure que tout ce qui existe aujourd’hui.

En outre, Ripple a l’intention de mettre en place quelques autres corridors de liquidité à la demande (ODL) cette année en Afrique, en Asie et en Amérique latine, en plus des corridors ODL qui fonctionnent déjà depuis longtemps dans différents coins du monde.

Bitcoin ha visto una acción de precios bastante inestable en las últimas dos semanas.

Después de que la moneda alcanzara los 12.000 dólares a principios de mes, la acción bajista del precio ha presionado el activo a la baja.
La acción bajista de los precios ha sido causada en cierta medida por la acción a la baja en los mercados tradicionales.
Mientras que la corrección de Bitcoin ha marcado una caída del 20% desde los máximos, los analistas siguen siendo optimistas.
Un operador se está inclinando al alza en BTC porque logró mantenerse por encima del soporte de 10.000 dólares en un marco de tiempo semanal.
Para que Bitcoin confirme que se mantiene en una tendencia macro alcista, la moneda debería cruzar por encima de los 11.900 dólares, dijo ese operador.
Hay varias tendencias que sugieren que la tendencia alcista de BTC se reanudará pronto.

Bitcoin necesita cerrar por encima de este nivel para reanudar la tendencia alcista

Bitcoin logró mantener el nivel de apoyo de 10.000 dólares en el cierre semanal, como señaló el cofundador de Blockroots, Josh Rager.

El criptocomerciante y comentarista compartió el siguiente gráfico, mostrando que la moneda consiguió este logro técnico en el cierre semanal del domingo por la tarde.

Aunque ha notado que esto lo hace cautamente alcista, aún no está convencido de que Bitcoin se mantenga en la tendencia alcista.

Para que él afirme que Bitcoin está realmente en una tendencia alcista, la moneda necesita reclamar y cerrar por encima de 11.900 dólares a escala semanal. La criptodivisa ha impreso una serie de mechas por encima de ese nivel durante el año pasado y no ha conseguido reclamar ese nivel desde la cima del mercado alcista de 2017-2018:

„Cierre semanal de $BTC“. Bitcoin cerró por encima del nivel de 9940$ a 10.173$ y se mantuvo por segunda semana consecutiva. Quiero ver a Bitcoin reclamar 11.900$ y cerrar por encima para ser alcista. Hasta entonces, me mantengo neutral (inclinándome al alza) y continuaré operando con monedas alternativas en este momento“.

Gráfico de la acción de precios de BTC en los últimos un año y medio con el análisis del comerciante criptográfico y cofundador de Blockroots Josh Rager (@Josh_Rager en Twitter).

Los analistas son optimistas en que Bitcoin puede presionar más alto en el corto plazo debido a una serie de tendencias fundamentales y técnicas.

Un comerciante técnico que predijo el fondo de 2018 comentó recientemente la perspectiva de precios de Bitcoin a corto plazo, refiriéndose a los 11.000 dólares como objetivo hacia el que Bitcoin se mueve:

„Me parece que un triángulo ascendente de menor plazo en $btc. Técnicamente siento que tenemos que ser alcistas de nuevo aquí. La imagen macro de la que no estoy seguro ahora, es sólo el comercio de lo que he tratado.“

De Bitcoin- en goudprijs daalde terwijl de Amerikaanse Dollar-Index zich opstapelde, wat ertoe leidde dat analisten speculeerden of een sterke dollar het momentum van BTC zou vertragen.

Op 21 augustus daalde de Bitcoin (BTC) prijs met meer dan 3% van ongeveer $11.880 tot $11.511 op Coinbase. Toevallig begon de Amerikaanse Dollar Index (DXY) terug te komen van zijn daling van 4 maanden.

Terwijl de dollar met 1,3% steeg van $92,28 naar $93,20, daalden de Bitcoin, de grote cryptocurrencies en het goud tegelijkertijd. De schijnbaar omgekeerde correlatie tussen de dollar en Bitcoin zou erop kunnen wijzen dat de verzwakkende dollar de recente rally van BTC gedeeltelijk heeft gekatalyseerd.

Zal een sterke dollar rally het momentum van Bitcoin omkeren?

Sinds de grote Bitcoin-correctie van de Zwarte Donderdag hebben analisten de huidige BTC-rally toegeschreven aan de dalende dollar.

Onderzoekers van Kraken Exchange, schreven:

„Achter de golf, versterkt Bitcoin’s correlatie met #goud tot een 1-jarige hoogte van 0,93. Dit gebeurde toen de markten zich tot veilige haven activa wendden te midden van een opleving in COVID-zaken, verhoogde overheidsuitgaven, gemengde bedrijfswinsten, inflatievrees en een verzwakkende US-dollar“.

Wanneer de dollar echter omkeert en begint te stijgen, kan de kans op een Bitcoin-consolidatiefase toenemen.

In de afgelopen 48 uur, toen de US Dollar Index steeg, daalde de prijs van goud ook met meer dan 3,5%. Goud is de afgelopen weken sterk gestegen, gesteund door de toenemende onzekerheid over de wereldeconomie.

Scott Melker, een cryptocurrency trader, zei dat de omgekeerde relatie tussen Bitcoin en de dollar overtuigender is dan de recente correlatie met de aandelenmarkt. Hij merkte op:

„Bitcoin’s omgekeerde relatie met de dollar is veel dwingender dan het idee dat het gecorreleerd is met de aandelenmarkt.“

De dollar heeft sinds april ondermaats gepresteerd ten opzichte van belangrijke reservevaluta’s zoals de Japanse yen en analisten verwachten dat als de dollar zijn sterke dynamiek kan behouden, het goud en de Amerikaanse dollar negatief zullen worden beïnvloed.

De kortetermijnprognose van de dollar

Volgens Michael Hewson, CMC Markets UK’s belangrijkste marktanalist, veroorzaakt het herstel van de dollar de opwaartse trend van het goud om te verzwakken. Hewson zei:

„De opleving van de Amerikaanse dollar heeft ook een nieuwe periode van zwakte in de goudprijs veroorzaakt, die sterk verkocht is en nu de steun op 1.920 dollar per ons test, en de hernieuwde onzekerheid over het tempo van verdere monetaire stimulering door de Federal Reserve.“

Gegevens van Skew laten ook zien dat Bitcoin en goud een nieuwe correlatie hebben gezien in de afgelopen weken. Als de prijzen van BTC en het edelmetaal naast elkaar blijven bewegen, stijgt de kans dat de versterkende dollar een terugtrekking van BTC veroorzaakt.

Karl Schamotta, de belangrijkste marktstrateeg van Cambridge Global Payments, zei dat de dollar een korte knijpbeweging zou kunnen meemaken. Hij legde uit:

„Je ziet een beetje ontspanning in de korte dollarhandel die de laatste maanden zo sterk is toegenomen.“

De samenvloeiing van een korte druk op de dollar, de aankomende stimuleringsovereenkomst en de toenemende economische zekerheid dragen bij aan de opleving van de dollar, maar dit zal een kortstondige of langere termijn trend zijn.