david good

@gundy1135

Crypto market analysis & researchDestiny to Buildin

Portugal

Joined March 2009

57 Following

372 Followers

33 Posts

david good @gundy1135

over 2 years ago

Is A Bitcoin Spot ETF Approval A Sell The News Event? Experts Respond What Is A Sell The News Event? The phrase “sell the news” is popular in investing circles and is usually associated with a major event that ends up moving prices. BlackRock and 12 other asset managers filing for Spot Bitcoin ETFs with the US Securities and Exchange Commission (SEC) is an example of such a major event. When the event is positive, it has a good impact on assets in the industry, and in the case of crypto, the prices of Bitcoin and other cryptocurrencies begin to rise. This is usually from the anticipation surrounding the event and investors taking up positions in order not to miss a major move. Mostly, this is because investors expect that the main event, such as the approval of a Spot Bitcoin ETF, would trigger further price increases. However, this is not always the case for the market. There have been instances where the main event actually sees prices fall across the board. Such a case is referred to as a “sell the news” event as prices are expected to decline as the euphoria reaches its climax. The potential approval of a Spot Bitcoin ETF has been argued to be a ‘sell the news’ event by many in the space, given that prices have already gone up so much. However, not everyone believes this is the case as crypto experts begin to chime in. #CryptoNews

david good @gundy1135

over 2 years ago

AIOZ Network to Be Listed on Bybit on January 3rd AIOZ Info AIOZ Network is a distributed Content Delivery Network (CDN) built on its unique blockchain. It aims to revolutionize the way video streaming is done worldwide by utilizing users' redundant memory, storage, and bandwidth resources to form a vast, efficient CDN. The mechanism of operation of AIOZ Network involves creating a distributed content delivery network (dCDN). In this network, videos are streamed from various nodes, which are essentially devices of regular people who are compensated for storing and delivering content. These nodes use an app that taps into the device’s unused computing power, bandwidth, and storage, decentralizing and optimizing the content delivery process. AIOZ is an Ethereum token that powers the Layer 1 blockchain of the Aioz Network, ensuring compatibility between Ethereum and Cosmos. AIOZ tokens can be earned by staking on the network itself and used to pay for apps and items on the Aioz Network. #CryptoNews

david good @gundy1135

over 2 years ago

Study: Only 6% of Crypto Exchanges Integrated the Lightning Network Record Increase in Bitcoin’s Quarterly Transactions According to the findings of new market research conducted by Kaminari, the use of bitcoin “as a transactional layer” has grown steadily in the past few years. The research points to the 40 million transactions settled in Q3 of 2023 as evidence. Kaminari’s findings report that the introduction and growing adoption of the Lightning Network (LN) by crypto exchanges and other platforms is one of the reasons behind the crypto asset’s record increase in quarterly transactions. The market research data indicates that the number of companies in the LN ecosystem has grown from 94 in October 2021 to 179 companies spread across 28 categories. Centralized cryptocurrency exchanges have been the main driving force behind the increased use of the LN — the so-called layer 2 payment protocol built on the Bitcoin blockchain. Top crypto exchange platforms, such as Binance, Okx, and Bitstamp, are some of the more prominent entities that recently joined the Lightning Network ecosystem. However, while they are touted as a potential catalyst in the further adoption of the Lightning Network, just over 6% of centralized crypto exchanges have integrated the layer 2 protocol with their respective platforms. “There are currently 224 active centralized crypto exchanges, 14 of which are connected to the Lightning Network – in other words, only 6% of crypto exchanges currently use the Lightning Network to conduct transactions with Bitcoin,” the Kaminari market research report said. #CryptoNews

david good @gundy1135

over 2 years ago

Polygon (MATIC) Breaks Long-Term Resistance – Will the Rally Gain Momentum? Polygon Closes Above Long-Term Resistance The MATIC price had decreased below a long-term descending resistance trend line since December 2021, when it traded at an all-time high of $2.90. The decrease was swift, leading to a low of $0.32 in June. MATIC began an upward movement afterward but failed to break out. Rather, the descending resistance trend line rejected the price in February 2023 (red icon). After a higher low and two more unsuccessful breakout attempts, MATIC finally broke out last week, reaching a close above the resistance trend line. At the time, the trend line had been in place for nearly 730 days. Traders in the market utilize the Relative Strength Index (RSI) as a momentum gauge to recognize situations of overbought or oversold conditions and determine whether to acquire or dispose of an asset. When the readings surpass 50 and show an upward trend, the bulls maintain an advantage. Conversely, readings below 50 indicate a disadvantage for bulls. The weekly RSI is on the rise and positioned above 50, indicating a bullish trend. #CryptoNews

david good @gundy1135

over 2 years ago

Tether Treasury 2 Billion USDT Transfer to Whale: What is Going on? A series of Tether USDT transactions worth $182 million have been transferred from Tether Treasury to a giant whale, according to transfer receipts from LookOnChain, a web3 data analysis tool. In the post shared on X (formerly Twitter), LookOnChain reported that the recent transactions follow a slew of other transfers from Tether Treasury to the Whale. The data tracker noted that a flurry of transfers started in mid-October and has since continued into the new year. With the latest transfer, the total transfer to the Whale has now totaled around $2 billion USDT. The transferred USDTs, which have since prompted speculation, have been deposited on the cryptocurrency trading platform Binance. Due to the size of the transactions, several crypto users speculate that the unknown whale could be an institutional investor. Meanwhile, the recent transfers appear not to have affected the stablecoin’s peg to the dollar, with USDT still trading at $1 at press time. This was after USDT recorded a marginal 0.01% drop in price over the past 24 hours, data from CoinMarketCap reveals. Tether’s dominance of the stablecoin market sustains itself, giving it a comfortable lead over its largest competitor, USD Coin (USDC). At press time, the overall market capitalization of USDC was estimated to be $24.79 billion, significantly less than USDT’s $92.1 billion. In terms of trade volume in the past 24 hours, USDT has been the preferred stablecoin choice amongst investors, with over $52 billion recorded in that period. Conversely, USDC recorded $6.3 billion, while FDUSD also saw a volume of $3.5 billion. #CryptoNews

david good @gundy1135

over 2 years ago

LUNC Plunges 14% As SEC Scores Knockdown Blow Vs. Terraform Labs Additional Pain For LUNC Crucially, Terraform Labs allegedly neglected to register it as such. The gravity of the situation intensifies as Do Kwon, co-founder of Terraform Labs, faces accusations of orchestrating the sale of these unregistered securities, placing additional strain on the future trajectory of LUNC. Judge Jed Rakoff’s definitive ruling echoes a harsh reality – both LUNA and MIR, another token within the Terra ecosystem, are recognized as securities. This legal stance paves the way for potential further action by the SEC against Terraform Labs, casting a shadow over LUNC’s future. The abrupt shift in market sentiment is evident as LUNC’s Weighted Sentiment, a metric gauging market optimism, plummeted to -0.510 post-ruling. This stark transformation from bullish to bearish suggests a loss of investor confidence in the short-term prospects of the token. Social Dominance, reflecting the attention given to LUNC, experienced a surge on December 29th, correlating with the court ruling. However, this heightened interest quickly dissipated, indicating that the initial impact was ephemeral, and traders may have swiftly incorporated the negative developments into their decision-making. #CryptoNews

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david good @gundy1135

over 2 years ago

Can BSV Hold Its New 2023 Peak? Analysts Watch As Trading Volume Explodes BSV’s Surge: South Korea Dominates With this latest surge, BSV’s monthly gains have surpassed 82%, and its trading volume has risen noticeably to over $770 million. This rise appears to be influenced by the persistently optimistic market sentiment in the larger cryptocurrency market, with South Korean investors especially playing a significant role. Upbit, a well-known cryptocurrency exchange in South Korea, was responsible for $515 million worth of BSV trades in the last day, according to CoinGecko data. With more than 67% of the transaction volume, it commands a huge proportion. This suggests that South Korean investors are interested in BSV. At the time of writing, Bithumb, another well-known cryptocurrency trading platform in Asia, accounted for about 5% of all trades in the asset. By itself, South Korean cryptocurrency traders accounted for more than 75% of BSV’s entire trading volume on the previous day. #BSV