The analysis methodology, analyzing a project professionally!
⇒ The white paper ⇒ The tokenomics ⇒ The Roadmap ⇒ The team behind the project ⇒ The Backers ⇒ The community I am forced to divide this article into 3 parts so that it is not too long and easy to digest.
Let's go with the White paper 🗞️, the tokenomics. When you want to analyze a project, always start by reviewing the White paper, you need to ask yourself these 3 main questions: ×××> What problem do they solve? ×××> Why do they need a blockchain?
The market is volatile right now, painful movements are happening one after another but a good trader stays calm to strike the price at the right moment.
Your duty as a Trader is to wait and seize the best Movements.
Vitalik talked about the Blockchain trilemma: Scalability, decentralization, security…
What does he mean by that? No Blockchain can ensure the three important criteria of a perfect Blockchain.
Bitcoin is indeed an infallible and decentralized Blockchain, but it also has a scalability problem, meaning it cannot process a certain number of transactions at the same time without users paying exorbitant fees. Vitalik understood this when Ethereum was facing congestion and exorbitant fees.
I see a cold wallet, capable of storing up to 100 billion dollars in cryptos, but I don't have them 😹...
Well, here I have my Trezor key, as they often say, charity begins at home.
Don't wait too long to get one.
A saying goes: No one laughs when the rabbit holds the gun!
That is to say, if your hot wallet gets siphoned or if your favorite exchange gets attacked, you won't have time to see what is happening to you and stop it, you just suffer.
The cold wallet protects you against these misadventures.
It is a crucial necessity for you actors, whether beginners or in training, to properly master these acronyms.
Let's go with the TVL at first: It's the total value locked on a protocol to be brief.
Why is it so important? It is the most important factor to consider before choosing a DeFi protocol. It represents the level of trust users have in the protocol. No one will want to put a penny on a platform where there are no locked liquidity.
Do you know that using a HOT WALLET is like having an umbilical cord?
First of all, a HOT WALLET is just the wallets, the apps actually... We install them, we use them for everything. The most active people use it more than 100 times a week, from buying crypto assets to interacting with protocols, links, connecting on web3 platforms and others.
I want to emphasize something when talking about the umbilical cord, follow me closely.
When you start to get interested in crypto, you have two options. I'm not going to talk about the blue pill and the red pill, I'm going to discuss CEX and DEX. Binance, crypto.com, bybit, iZichange, Bitget... these are a few examples of CEX, centralized crypto exchange platforms. The thing with them is that they are like banks, with a little more freedom... You buy your assets and entrust them to them, and they take care of them for you. They are equipped with various features of very interesting yields that you can try to maximize your profits.
Returns are much more encouraging by eliminating greedy intermediaries!
You know, if you want to invest in a property or an asset for example, you go through a broker, and they take account management fees and transaction fees… If you open an account at the bank or in a micro-finance to save or to use a service like lending them money that they will then make available to other clients for a return at a given date, they will inevitably take account management fees… You see, the thing with decentralized finance is to eliminate these intermediaries (banks, brokers, financial institutions…) and give you full power to exercise your rights and satisfy your desires, and pay less fees, which will optimize your returns.
To operate a payment system via Blockchain, smart contracts are used. Vitalik Buterin, founder of Ethereum, being the architect of this groundbreaking innovation in the crypto industry, is a computer code in which all the operational commands of the system are written so that it operates in a decentralized and efficient manner.
Why is it so important? Because it is automatic and secure and will not need anyone to operate, no financial institution to handle it.
❌No permission! A wallet = a bank, so your wallet = your bank! Saying it like that, maybe it seems a bit gray for some... But let me tell you that a wallet breaks a ton of boundaries, so much you can't imagine if you just stepped into crypto. 1️⃣⇒ Hold your funds yourself. ×××> You can have your money with you, at your disposal, at any time, your millions available if you have deposited them in your wallet, without restriction or conditions.
UPDATE on the $BTC with the Fibonacci retracements 🔥🔥🔥
One thing I have always loved about Fibonacci is its accuracy.
We notice in capture No. 2 that the price reacted correctly at the 38% level to rest at 23.6... but to continue going down, it needs more strength.
In capture No. 1, if we place the Fibonacci on the last low to the last high which corresponds to the range of [ 0 to 38% ], we see that the decline of the last few days is just a retracement at 61.8% of the Fibonacci ...
Remember that every movement must always be corrected.
I sense a new bullish wave on the $BTC
{spot}(BTCUSDT) from there evolving up to my sell zone [ 82,000 to 90,000$ ].
Facebook changed its name because of the metaverse.
They invested nearly 80 billion dollars in their metaverse reality labs project.
Apparently, everything has an end, the project is abandoned in favor of another AI project, and they plan to finance it with nearly 135 billion dollars. About 70% more than the investment in the metaverse.
What does this imply? Is this the end of the metaverse?
The major bank "HSBC" and the exchange "crypto.com" are also announcing a reduction in their workforce because several jobs will no longer be needed due to the rise of AI.
Does this mean that AI will take everything?
And we, the enthusiastic crypto enthusiasts and content creators, what does this mean for us?