If reports are to be believed, then whales have started expanding their respective portfolios. They are expected to be adding ADA in large numbers. What signals this probability is the sudden spike in the on-chain activity of Cardano.
As of March 28, 2022, approximately 69.09 billion ADA were transacted on the network. This represents 99% of the total on-chain volume, signaling an institutional demand that may increase the buying pressure and push the trading value of ADA to $2 on the board.
What Happened?
Those who hold ADA in their portfolio are probably looking forward to the rise in the trading value. This will enable them to exchange or trade their holdings for other digital assets.
People who have been waiting to get their hands on ADA may have been devastated by the news that whales and institutional players have entered the ecosystem to expand their portfolio. The Crypto community believes that if such buying activities continue, then the price could soon touch the mark of $2, making it expensive for new individuals to enter the market.
ADA had recently claimed the support value of $1, prompting big players to invest their money into Cardano. The price may go up if buying activities continue to prevail. A trading value of $3.10 is also a possibility according to the Cardano price prediction; however, it may happen only by the end of the current year.
Reports suggest that transactions worth more than $100,000 have risen by 5,000% since the beginning of the current year.
Whales and institutional players trading heavily in the market suggest where they are more likely to position themselves. Even though the prices are on the rise, their purchase showcases the possibility that there is an opportunity for ADA to earn several gains in the coming days.
The value of 69.09 billion in terms of ADA transactions represents 99% of the total on-chain volume. That figure was registered on March 28, which has been coined as the beginning of the trade by whales and institutional players.
As for the number of whales on the Cardano network, statistics suggest that there was only an increase of 1.7%. Statistics also point out that 42 addresses were holding ADA between 1,000,000 and 10,000,000. These coins, at the time of writing, are worth $1.2 million and $12 million in ADA, respectively.
Now that the support of $1 has been achieved by the Cardano network, the next milestone is $1.36 for the Ethereum Killer. Traders believe that if ADA is able to surpass that mark, then there is a high probability that it will go beyond $2 at the earliest.
The mark of $1.36 is where 690,000 addresses had earlier added 6.41 billion ADA into their pockets.
An increase in the holding by whales has definitely built a support floor of $1. The price will only rise unless there is a major downfall in the market.
In a recent turn of events, crypto token Bitcoin (BTC) reported record-breaking heights regarding their profits, accounting for $40,000. Trading analysts speculate that the revenue generated is due to accelerating adoption rates from prominent international establishments. The eminent corporation Amazon has contributed to this appropriation measure with its latest declaration of accepting digital tokens for transactions.
On Monday, July 26, 2021, the BTC shorts listed that a bounteous amount of $700 million tokens were exchanged. This high-level administration has been witnessed for the first time in the preceding three-month term.
With the crypto tokens revenue exceeding trading market expectations, the utility of the BTC token rose at a more distinguished value price level. This revenue acceleration resulted in the sanctioning of more than 1,000 agreement record trading deals within an exchange passageway of a 10-minute time frame. Moreover, the valuation capacity of crypto network settlements for July amounted to 10x the aggregate value in the marketplace of Hong Kong.
The most considerable crypto coin flourished with revenue profits of $39,681, a 15% development. This revenue amount was generated before associating the revenue ascent to exchange with a valuation of $38,100 in Hong Kong at 10:58 AM on July 26, 2021. Additional sort after digital currencies has also seen an upsurge and revival of their revenue profits. The crypto network of Ether is a close second after the BTC token.
The Amazon corporation has played a vital role in this exceptional cryptocurrency market value due to its appropriation report. Further, the Amazon team posted a job opening last week for a leading directive for digital currency products. This advances the up-to-date assistance and appropriation of renowned enterprise leaders such as Cathie Wood’s Ark Investment Management LLC and Elon Musk’s Tesla. Wood stated that businesses should adopt and acknowledge totaling BTC tokens on their firm’s account balance sheets.
This past weekend a definitive and assertive inclination has been witnessed with the digital token’s values exceeding a 50-day effective aggregate. BTC is enduring a profit of $27,000 from its April valuation records, boosting a value of $65,000. The recent social media criticism of BTC tokens by government authorities from countries such as China, Europe, and the United States had resulted in the downfall of the profit values of BTC.
You might already know that a crypto wallet is an integral part of the crypto trading process. There is no point in earning cryptocurrencies if you don’t have a wallet to hold them and keep them secure. Apart from having a wallet, it is also crucial to make sure you are using a good wallet with great features. In this article, we will specifically talk about the Coinbase Wallet, and if you have little to no information about it, then this is a perfect opportunity for you. We will talk about all the necessary information regarding the Coinbase Wallet, which every trader should know.
Steps to Setup a Coinbase Wallet
Coinbase Wallets are used a lot by traders because they are secure, reliable, and fast. However, to use a Coinbase Wallet, it is crucial to understand the entire process of setting up the wallet. Some traders find the process very confusing and tough, but the truth is that it is easy. So, if you haven’t used a Coinbase Wallet before, don’t worry because we have a step-by-step guide for beginners like you.
Download Coinbase Wallet: The first step is to download a suitable Coinbase Wallet to check all the requirements you are looking for in a wallet. There are a lot of options available, which can make the selection process difficult. However, if you do complete research on the wallets, you can easily find a good Coinbase Wallet and download it.
Create an Account: Once you have downloaded the wallet, the next step is to create an account on that platform. Creating an account is very simple, and all you have to do is provide your personal information. You also need to verify your identity, email address, and phone number. The entire process is easy, and you have nothing to worry about.
Add a Payment Method: The next step is to add a payment method to your Coinbase Wallet. Make sure to add a payment method available in your country and the one that is easy and fast.
Write down the private key: For those who don’t know, most digital wallets come with a private key used to access the contents of a wallet. The same applies to a Coinbase Wallet, and without the private key, it becomes impossible to access the wallet. So, if you don’t want to go through any trouble, make sure that you write down your private key.
Crypto Transfer: Once you have all the above four things, you can use your Coinbase Wallet without any problem. However, my advice is that you use your wallet immediately by transferring cryptocurrencies. This way, you can make sure that your wallet is working properly.
Benefits of Coinbase Wallet
Like many traders, you might be wondering why you should use Coinbase Wallet when there are several other options available in the market. The thing is that the Coinbase Wallet has several benefits that give it an edge over other types of wallets in the market. So, let’s look at the benefits of it.
Fast: The Coinbase Wallet is very fast, and all the operations take place at a good pace. We know that every second is important because anything can happen in crypto trading, so it is necessary to use a fast wallet.
Secure: Another benefit of using Coinbase wallet is the security features that come along with it. Every trader wants to use a secure wallet, but not everyone gets a secure wallet. So, make sure to use this wallet because of this reason.
Mobile Trading: Coinbase wallet can be used by traders who prefer trading through their smartphones. Trading becomes relatively easy when you use your smartphones because they are fast, and you can use them anywhere.
Easy Exchange: When you store your cryptos in a Coinbase Wallet, you can easily exchange your cryptocurrencies for fiat currencies. Not only that but, you can easily purchase them through fiat money.
How to Use Coinbase Wallet
Coinbase Wallet has always been one of the simplest crypto wallets, and crypto trading through this wallet is easy. All you have to do is sign in and start transferring cryptos. If you intend to buy them, you need to add money to your wallet through a selected payment method, and you can make the purchase very quickly. Some traders might think that using this wallet can be very complicated but that is not the case.
Conclusion
That was a detailed guide on Coinbase Wallet, and I am sure that now you know everything about wallet, including the benefits. There is a step-by-step guide on using a wallet which will be very helpful once you install a Coinbase Wallet. Once you start using it, you will see an improvement in your crypto trading process because of the several benefits of Coinbase Wallet. You can go through the complete coinbase review for more details.
Bitcoin price pulls back by over 15% from the recent and new ATH that the coin had hit in the first week of the ongoing month at $42k, while currently corrects downsides and trades at $35.1k. Bitcoin is an ultimatum in the world of traditional finances, and currently, it trades anywhere below $35k at present is not an acceptable dump.
With the slightest of approximately 15% correction since the past ten days, we cannot consider this to be an end of bullish sentiment. However, the bearish sentiment is taking over due to a clear intraday sluggish movement against the US Dollar. On the cumulative long-term chart, the Bitcoin price trend is still a wonderful sight to gaze at.
The majority of people have, and will continue to underestimate #Bitcoin's impact on the world. Therein lies the opportunity
Bitcoin was and will be the power in the digital assets market as a major store of value. With an increasing price followed by graded trading volume, we know that crypto has attracted a massive adoption. Back in the day when Bitcoin was nothing but a state of a gamble, the lowest trading price was the best entry point for the current edging trade zone.
“If you own #bitcoin. Everything around you is getting cheaper by the day” – @JackMallers
At the time of penning down this analysis, Bitcoin was seen trading at the major support around $35k after drawing a downtrend against the US Dollar. As per the BTC price prediction, in the first week of the ongoing month, the currency has started strengthening from the support area of $30k to hit the highest at $42k, and within a week, the largest cryptocurrency by market capitalization corrected yet again to reclaim $30k.
Over the past six days, with downward correcting traction, the bearish sentiment is clearly prevailing, and therefore, Bitcoin lacks medium-term and long-term, i.e., 50-day and 200-day MA support at $36.9k and $35.6k.
The MACD indicator shows a slight bullish crossover on the 2-hourly chart, but the bearishness still prevails as the downtrend extends. The RSI of BTC has marginally raised from the oversold region after the intraday gain above $35k and lies at 44.21.
Dogecoin leaps the previous year’s rank and is now one of the top 35 cryptos of the global market after hitting a yearly high at $0.0138 in the last week against the greenback. But with the loss of traction in the market and nosediving of the largest cryptocurrency, Bitcoin is also seen testing immediate support at $35k. Dogecoin that is believed to have a concurrent motion with that of BTC, is now opting for a bearish crossover due to a clear correction below $0.0100 and currently trades at $0.00858.
As per the Dogecoin Prediction, the previous year’s price trend was nothing but a flat line against the US Dollar with intermittent dips and rises except the current year’s bullish candle that led to strengthening from $0.00455 to above $0.0100.
Dogecoin, after a clear rise, has leaped from trading amongst the top 50 cryptos of the market to trading amongst the top 35 due to a massive gain in momentum and active supports. With escalating momentum and price, there is a stupefying gain in the addresses of Dogecoin for over the past five months now.
#Dogecoin stands at 3.07 addresses and has seen ~48k new addresses each month for the last five months.
Dogecoin’s price was seen drawing bearish candles at the time of writing, and the price nosedived below $0.0100 to currently trade at $0.00858. Even though Dogecoin price plunged due to lack of traction but is still holding support from 50-day and 200-day daily MA at $0.00512 and $0.00350, respectively.
However, just when DOGE/USD breached the three-yearly high and fresh 1-year price at $0.0137, the price trend was clearly hitting above the upper band. However, with downward correction, it pulled back and fell into the range of 20-day BB on the daily chart. With a long bearish candle, the price pulled back below $0.0070 but is still away from testing daily supports from medium and long-term MA.
With DOGE having weakened by over 35% from the fresh yearly high, the MACD chart shows that the MACD line moves towards the signal line for bearish divergence, and the RSI also pulls back from the overbought region slightly lies at 60.43.
Ethereum hits the target of $1000 and trades even higher at $1256, at the time of writing with a straight bullish candle stretched right from $713 to $1294 on the 7-day chart. However, ETH’s ATH back in 2017 was above $1400 at $1425, and the coin is yet to break the same price area. But with Bitcoin trading at its All-Time High Price marks, the largest altcoin by market capitalization is also luring massive momentum.
As per the recent Ethereum price prediction, the coin gained a spiking momentum right from September 2020 and is holding until the time of writing. The All-Time High price of ETH is definitely in reach, and with the same traction, the coin can trade even higher, just like Bitcoin flagging 100% above its previous ATH of 2017.
Ethereum Price Analysis
At the press time, Ethereum price was spotted above $1250 and crossing the upper Bollinger Band on the 7-day chart. As the Bollinger Bands widen, there is a greater possibility of widening bullish volatility in the near-term. In this regard, the ETH coin retains support from 50-day and 200-day weekly MA at $370 and $322.
Following the traction of Bitcoin, Ethereum is not trading any lesser than the former and holds strong technical bullish divergence. The MACD draws a clear bullish crossover as the MACD line crosses above the signal line and the RSI stretches above 70 to lie at 88.30 due to the amplified demand of the crypto.
Stellar trades amongst the top 10 cryptos of the global crypto market as the currency breached over 3-year resistance against the US Dollar. Stellar marks a breakthrough amongst the top 10 and leaves behind Chainlink, Binance Coin, Bitcoin SV with its staggering momentum. The XLM price trades at $0.339 after crossing above $0.400 with a long candlewick breach in the wee hours of the trading session today.
Stellar Lumens is more than a cryptocurrency, and the platform is just proving XLM’s investment worthy. In this respect, it was just at the onset of the week when Ukraine Government chose Stellar Organization to help develop an infrastructure for a Central Bank digital currency.
Therefore, as mentioned in XLM Price Prediction is a cryptocurrency and a lucrative platform that is expanding its horizons. Stellar is definitely making the most of it in terms of the huge network base lured by the growing price.
XLM Price Analysis
At the time of writing, Stellar has already exploded and breached the upper BB on the daily chart with a massive price pump but was trading below $0.35 after having formed a bearish reversal candle. With the massive gain in price, XLM is almost breaching a three and a half year high against the greenback and has enticed the investors. The volume is hitting skies as Stellar breaks through the stagnant growth, and therefore, the market cap is over $7 billion.
The intraday movement has been commendable as it was just yesterday when XLM had a breakthrough. The technical of the currency draws an overwhelmed bullish sentiment with massive trading volume. The MACD is completely bullish with the fact that there has been a massive gain in the price of the XLM coin. The RSI is already crossing the overbought zone due to the massive demand for security and lies at 79.61.
Zcash, one of the top 35 cryptocurrencies of the global market, is seen trading with a negative sentiment after a bearish candlewick stretched from the trading price of $75 to as low as $66, while currently trades $68.3. Moreover, ZEC price has pulled back to trade below $80 since the beginning of the month after hitting the lower high at $90 in the previous month.
Alongside as per Zcash price prediction and technical analysis from experts, ZEC coin had tested support around $50 and $51 thrice in 3 months starting from September until the time of writing. Moreover, the ZEC coin gained notably after the major market crash in March when it corrected as low as $18.06 to hit a YTD high at $102.28 and has strengthened by over 400%.
The degree by which Zcash gained is bewildering compared to other major altcoins and the largest cryptocurrency, Bitcoin. The latter is seen trading with a pullback over the past 24 hours, and after a 3-week consolidation, Bitcoin price nosedived below $19k and currently trades at $18.2k.
Summarizing Zcash’s price movement over the past two weeks, we see that ZEC/USD’s price trend is drawing a clear lower high pattern followed by three descending price ranges, i.e., $90, $82, and $76.
Zcash Price Analysis
Today, Zcash was seen trading at $68.30 and has intraday retrieved from the daily lows at $66, wherein it was close to testing 50-day MA daily support at $65.91 followed by $64.24. With the bearish candlewick extended, ZEC/USD breached the lower Bollinger Band after a volatile movement recorded in the past three months.
The price movement of Zcash since September 2020 reflects a clear rejection at $75 before the lower high hit in the previous month at $90. The intraday price slash led to drawing a bearish crossover on the daily chart after a downtrend over the past two weeks. The RSI is seen inclining towards the oversold region, with a marginal decrease in the price of Zcash, leading to a slash in demand, currently lying at 47.22.
It is easy to earn money through online casinos provided you by the tricks. There are different kinds of casino games and you can earn money by knowing the skills required in all of them. The different kinds of skill-based games are poker, blackjack, and roulette. However, apart from skill, luck is also important in games like roulette. You never know which number is going to come out in a game of roulette.
There are large chances that in online gambling games, the casino has a better opportunity. So, no one can win a lot of money by playing such games. You can’t predict the outcome of a roulette table or a slot machine. So, the casino is going to win a large number of times and you can’t have a lifetime of making money through these games. So, a roulette wheel can’t allow you to win all the time, but you can minimize the loss by avoiding the wrong wagers.
How to win some real money in a game of roulette?
Choose an authentic casino: It is important to understand that wherever you play the game of roulette, it should be a fair organization. It’s because then you are assured that the game of roulette is not rigged. That’s why the site should have the mark of the United Kingdom Gambling Commission. This is how you can assure that playing online is completely safe.
Don’t bet all your money: You should not put your entire money in a wager in a roulette game. It is also tough to gauge other players when you are playing an online roulette game. The best way you can warm up your way in the game is to actually play in the free variants of the game in the brick and mortar games.
Take some free spins: You get to know about all the factors after playing this game in the free version. In a real game, you can also check how swiftly the wheel moves. You can also get to know about the wheel biases, where the ball gets itself again and again.
You get to know how your dealer is like, the payout, and the table structure with free spins. You also get some idea of the roulette wheel which helps you in predicting your wins. You just have to register with a casino to get free spins. You can get free spins without depositing any money in a casino in Las Vegas. Sometimes you have to pay some casino bonuses to enjoy free spins. So there are many platforms available which offer Bitcoin casino no deposit bonus.
Play European roulette: Moreover, one should decide to play European roulette, since the chances of winning are high. There is always the feature of house edge means the casino has a better chance of winning the game, but since American roulette has 38 numbers on the wheel, your chances of winning are low.
In roulette, it is better to place your bets on chances of getting odd/even numbers or red and black numbers. Although the payout is low in these kinds of bets, they are the best way to make money in online roulette.
Moreover, Professional roulette players don’t bet the amount they win, but only bet the initial bankroll they have come with to the casino games. They use the winning amount as a backup.
You should play on a table that has the least minimum bet and the highest maximum bet. One of the ways to take advantage of a game of roulette is the Martingale Strategy. Every time, you lose with a wager, you place the same wager next time by doubling the money. This strategy assures that you are able to cover all your losses by doubling the bet. You can click here to stay updated and get more information about it.
Slot machines
To be better at slot machines in online gambling, you need to choose a slot machine app that helps you practice more. To choose a slot machine, you need to calculate the return to player percentage. This percentage is about the betted money that a machine gives back to all its bettors, as per CasinoNewsZ. You can find information about such a machine using search engines. There are websites about online casino games news that have content written about the slot games and their RTP percentages.
A bitcoin casino offers swift payments because they are made in bitcoins. Hence enjoy yourself in games and earn more too.
eTrader is the pioneer platform of online brokerage, which specializes in providing access to significant foreign currencies along with other financial instruments. With its headquarters in Cyprus, eTrader permits the retail traders and the holders of company funds to open accounts and conduct trading. Execute trading and investment on the most advanced and efficient platform. Avail of the most incredibly valuable educational material at eTrader to advance your knowledge of online trading. Invest and trade on the eTrader platform to explore the lucrative and richly profitable American, European, and Asian indices. Read an honest and detailed eTrader review and invest today.
Quick facts
A few fast facts before launching into the eTrader review:
eTrader allows trading in a wide variety of financial instruments that include Shares, precious metals, Forex, and CFDs
The trading involves standard lot sizes
The spreads begin from three pips on Euro Dollar
The minimum amount of the initial deposit is $250 as a wire transfer
The minimum amount for the initiation of trade is $100
Professional clients receive leverage up to about 1:100
Salient features of the eTrader platform
Account types
Besides the demo account, the trader can open either of the two types of accounts on eTrader. These two types include a company account and a personal account. If a user is seeking to trade in individual funds, then he should open a personal account.
On the other hand, if the individual wants to trade on behalf of his business, then he should open a company account on eTrader. Traders need to register on eTrader with certain documents like address proof, bank account information, and so on. For company accounts, users need to furnish valid business documents to conduct trade and investment on eTrader.
Platforms
The platform of eTrader is highly secure and advanced. The users can personalize the dashboard, integrate various plugins, and get access to comprehensive trading reports. The user-friendly interface of the platform appeals to every user. One can access eTrader easily from desktop browsers, smartphones, and other devices of iOS and Android. Download the mobile app from the app store to get access to live data, execute trading, and manage the account. The platform portability is one of the highlights of the eTrader review.
Trade sizes
For every Forex pair, the size of the standard lot is 100000 units of the fundamental currency. Therefore, the minimum level of the trade size is about 0.01 lots. eTrader provides comparatively limited leverage, which constrains the maximum position size. However, the broker does not mention the maximum trade size on the website. The maximum margin call is 100%, and that of Stop-out is 50%. The user needs to login to his account to check for margin calls. Constant monitoring of every activity is mandatory for successful trading. The eTrader platform sends alerts if the margin call reaches 100%. The trades enter the liquidation stage when the margin call is 100%.
Leverage
The user can receive up to about 1:30 in leverage. Some pairs of currencies offer a leverage of up to 1:20. Initial users of eTrader can set the leverage level, which should not exceed 1:30. The advanced traders who possess a profitability track record can receive up to about 1:100 in leverage. eTrader reserves the right to modify the leverage amount. It does so when the trader loses a huge amount of money through risky trading. One may consider the leverage value to be a drawback of the eTrader review, but the low leverage ensures safe trading.
Assets
Besides currencies, the user can also trade in stocks, indices, and commodities on eTrader. The trader can get access to more than sixty pairs of ForEx too. Some of the most exotic currencies on eTrader include Hungarian forint, Brazilian real, Czech krona, and more. eTrader permits the account holders to conduct trade in the CFDs of companies in the UK, the US, Germany, Japan, Hong Kong, and other countries. The user can trade in shares as well. The shares include equities in the EU and the US, and Hong Kong markets. Furthermore, eTrader provides access to significant market indices, and different types of commodities like agricultural products, energy, and metals.
Spreads
eTrader deals with the floating type of spreads, beginning from three pips. The lowest spreads include pairs of AUD.GBP, EUR.JPY, AUD.USD EUR.USD, USD.CAD, NZD.USD and GBP.USD. The exotics possess to the tune of hundreds of pips. Pairs like the Russian ruble possess spreads in the thousands.
Deposit method and cost
The user can make deposits into the eTrader account via several modes. These modes include wire transfer, MasterCard and Visa, and DotPay. There is no separate fee for making deposits. The broker does not accept deposits in cash. However, the banks or financial institutions might charge a separate fee. There is no limit on the maximum amount of DotPay and wire transfer deposits on eTrader.
Withdrawal method and cost
On eTrader, the method of withdrawal of funds is only through wire transfer to the user’s bank account. There is no separate fee for the withdrawal, although the bank might charge an amount. The minimum amount of transfer is $250.
Bonus and promotion
If you work for eTrader and open a local eTrader office in your area, then you can be a part of the Tied Agent program. For this program, the user has to show that he has no registration with any other brokerage firm in the country.
Pros and cons
According to this eTrader review, the following points are the pros and cons of the eTrader platform.
Pros
A very nominal amount of fee for trading in the broadest range of instruments
Easily accessible from any device of any operating system
Hassle-free online trading in foreign currencies
Free access to educational content upon registration
Lucrative bonus and promotion facilities
Highly profitable returns on investments
Cons
There are limitations on the leverage
The spreads are not sufficiently convenient
The mobile app is not as thorough as the browser-based application of eTrader
Conclusion
The eTrader review reveals that the platform is excellent for the beginner as well as advanced traders. The value of leverage may seem to be low, but it is an improbable deal-breaker, thereby less prone to trade risks. Novice traders can learn the art and strategies of trading from the wide variety of educational content available on eTrader. The company account on eTrader perfectly suits the financial goals and commercial objectives of big businesses. The platform is robust, efficient, highly secure, and completely regulated. Even though the spreads are a tad too high, eTrader is still a pioneer in its field.
