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Author Topic: StormGain is a crypto trading platform for everyone.  (Read 8915 times)

stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #75 on: November 01, 2021, 03:39:07 PM »
Dog Eat Dog: Shiba Inu Is Pushing Dogecoin

When the cryptocurrency market reaches new price peaks, altcoins start fighting each other in the race for the fastest-growing asset. Meme cryptocurrencies are still a win-win, having seen 1,000% growth in a month. However, this relay baton has travelled from Dogecoin in May to Shiba Inu in October.



The Dogecoin history began in 2013, while its copycat, Shiba Inu, isn’t even a year old yet. Still, the imitation coin has been able to push past its forefather in terms of market capitalisation, reaching $40 billion. For comparison, Electronic Arts and Fujitsu are worth the same.



With Shiba Inu’s rising popularity, the number of crypto exchanges ready to list SHIB is also growing. Among the new ones are BitKan, AOFEX, StealthEx and CoinFlex. Traders on the popular platform Robinhood don’t want to be behind either and have launched a new petition on Change.org requesting to list the coin. Currently, it has 403,000 signatures. The petition states that the earlier listed Dogecoin has had huge success and allowed the platform’s board of directors and traders to enjoy the ride.

However, the two similar-looking cryptocurrencies have some serious distinctions. Dogecoin is decentralised, and its developers are only there as consultants. Shiba Inu is an ERC-20 token created by the anonymous Ryoshi. Whilst DOGE has to be mined, 1 quadrillion SHIB tokens have been instantly issued. The principles of the Dogecoin community have taken shape over the years, with everything starting as an act of charity and later turning into a good tradition. Shiba Inu is being advertised by Chinese celebrities, and the project’s initial goal was to overtake Dogecoin. On top of that, the 10 biggest holders (including crypto exchanges) possess 72% of the SHIB supply.



The main goal has been achieved: SHIB is now worth more than DOGE. The 1015 supply is also not an accident. It makes it possible to engage a wider number of users because of the coin’s low cost. So, does this project deserve to exist, or have we run into another con coin?


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Re: StormGain is a crypto trading platform for everyone.
« Reply #75 on: November 01, 2021, 03:39:07 PM »


stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #76 on: November 02, 2021, 01:43:19 PM »
Ethereum Is Well Ahead of Bitcoin in 2021

In the past twelve months, Ethereum has seen its price increase by 980%, while Bitcoin has risen by 340%. The practicality of smart contracts has led to an increase in demand for ETH, and the coin’s deflationary mechanism burns more than what miners can produce.



One of Ethereum’s price drivers has been the NFT market, which has gone from a cumulative value of $17 million at the beginning of the year to $1.8 billion at present. Almost every world-known brand, from NASA to the Hermitage, now has a digital collection. The only thing impeding this more rapid growth for this sector is the high fees on the Ethereum network, which currently stand at over $50.



The increased costs prevent a larger audience from using NFTs, where most artworks cost less than $100. Nonetheless, user activity on the biggest platform for exchanging digital art, OpenSea, puts the platform at the top in terms of the volume of ETH burnt.



ETH started to be burnt when the EIP-1559 update came into force, which now envisages the base transaction fee being destroyed and miners collecting ‘tips’ whose size is set by the sender. Currently, over $2.5 billion worth of ETH has been burnt; the burnt amount typically exceeds what miners produce daily. This tendency became more apparent at the end of October, when demand for meme cryptocurrencies increased.



Most dog-related meme cryptocurrencies are based on ERC-20 tokens, meaning one first needs to get ETH first to buy them. In October, the fastest performers were ELON (4,000%), SHIB (800%), BABYDOGE (560%) and SMI (540%). The surge in interest towards hyped-up instruments has caused a rise in network activity on Ethereum.

Increased demand for meme cryptocurrencies has a wavy pattern. In contrast, NFTs create more consistent demand for Ethereum, which provides for long-term growth against Bitcoin. Vitalik Buterin’s coin can benefit even more from the transition to the proof-of-stake algorithm, but that is a different story.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #76 on: November 02, 2021, 01:43:19 PM »
:)

stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #77 on: November 08, 2021, 12:30:17 PM »
Squid Game: SQUID Coin Grew 300,000-Fold Before It Collapsed

Hyped-up instruments act as a magnet for rookie investors who want to make a fortune with a single trade. This time, the scammers have used the popular Netflix serial Squid Game by launching the SQUID coin and using attributes of the TV show. The bad actors also retweeted some tweets from popular exchanges to imitate interest in the coin. Normally, after being listed on a new platform, coins see their prices rise, so some investors try to buy them in advance.



According to its white paper, the SQUID token was issued to be exchanged in the game and earned as part of an online tournament. The 'Squid Game', which was slated to start in November, required payment of a certain amount of SQUID to participate. The winners of every round would get 90% of the contributions to the prize fund, and 10% would go to the developers. The number of participants was not limited.

The coin was listed in October on the decentralised exchange PancakeSwap, and trading started at $0.01. Interest in the game caused massive buying of SQUID, and the coin's price hike, in turn, caught traders' interest. The developers actively used mass media to promote their product, resulting in the coin increasing nearly 300,000-fold in one week to reach $2,856 per coin. The daily trading volume exceeded $7 million.



The denouement didn't take long to come. By the end of October, it was discovered that the coin couldn't be sold due to a lack of liquidity; buying it was the only option. At the same time, articles began to emerge that pointed out the low level of competence in the white paper, and co-founder of CoinGecko, Bobby Ong, expressed concerns about the project's fraudulent nature.

When the fraud surfaced, the coin lost all of its gains in one day and became five times cheaper than it was upon listing. It appeared that SQUID trading was its own kind of squid game, the winners of which were the project's developers.

It's worth noting that the rapid growth of any project is not a 100% sign of fraud. The cryptocurrency market is still very young, so its participants often go through big upswings and downswings.



Last year, for example, an anonymous user bought 70 trillion Shiba Inu for $8,000. Now, his fortune is estimated at $5.7 billion.



Some manage to choose the right product early on, and it leads them to fantastic results. Others lose their investment. Do you think the game is worth the candle?


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stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #78 on: November 10, 2021, 11:50:01 AM »
StormGain surpasses 1 million active users: what's the secret?

We are proud to announce an important milestone for the world's best crypto exchange: StormGain now has over 1 million active users! With so many clients spread across the globe who have trusted StormGain to be  their all-in-one crypto platform in just a couple of years, we just know we are  doing something right.

The best tools to dominate the crypto market, your way

Since StormGain was founded in 2019, it has always been the plan to create more than just another crypto exchange. StormGain offers the best conditions for buying, selling and exchanging over 55 different crypto instruments. But now, thanks to a steady rollout of innovative features, such as our cloud miner, loyalty programme, wallets, indices and others, StormGain has become the most versatile all-in-one crypto platform on the market.

To become the one-stop shop for all things crypto for over a million active users every day, we've developed a variety of tools that allow each client to tailor the platform to their particular needs and trading strategy. Whether you're a die-hard hodler, fast and furious day trader or looking to build crypto revenue as a passive income, StormGain has the right tools for you.

HODLing on for the long term

HODL, a.k.a. Holding On For Dear Life, has been the strategy of true believers since the early days of Bitcoin, and the typo has become one of the iconic phrases of the crypto community. Hodlers believe that the best thing you can do with your crypto is to 'hold' (i.e., not sell) as the coin will inevitably increase in value over time.

The hodl strategy has seen some validation very recently when a Bitcoin wallet that had been dormant for over 9 years decided to reactivate. The wallet's initial value of around $8,000 had increased to around $30 million at the time of writing. But there are even bigger whales in the ocean. According to BitInfoCharts, the largest dormant Bitcoin wallet has 80,000 Bitcoins, worth more than $3 billion today. And almost 100,000 out of roughly 100,000,000 Bitcoin wallets hold over $1 million worth.

Bitcoin hit another all-time high of $65,000 last week and is currently trading at $59,000, so anyone who believed and held during 2020's low point of around $6,000 must be feeling very good about hodling! In fact, if you had invested a mere $100 in BTC when it started in 2009 and just held on, your Bitcoin would be worth over $9 million today!

StormGain has a variety of tools to help hodlers get the most out of their stored crypto. Not only does it have built-in secure cold wallets for your cryptocurrency, but you also earn interest on your crypto stored in StormGain, up to a rate of 20% per year. That's a significant bonus on top of the benefits of having your crypto assets appreciate over time. It's no wonder then that so many hodlers trust StormGain as the place to store their crypto.

Making volatility work for you

Another way to make money from the cryptocurrency market involves actively buying and selling daily. In this scenario, the ability to spot the next big trend in the market is crucial. This requires up-to-date knowledge of the market, media coverage, and influencers, as well as a good knowledge of the vast array of altcoins.

Taking recent news into account, this would have meant keeping an eye on the market activity as well as Vitalik Buterin and Elon Musk's social media to predict the 500% price rise of Shiba Inu, the success of Solana and the all-time high of Ethereum.

This kind of trading activity can seem intense and intimidating to beginners, but StormGain was created to make cryptocurrency available to everyone, and as such, has a full suite of tools to help crypto newbies become trading experts step-by-step. Starting with our suite of educational materials that begin with the basics and build up to advanced strategies, to the full-featured demo account for practice and our regular market news updates, every StormGain client has what they need to make the most of the charts, trading signals and analytical tools in the app.

Having all this information at your fingertips makes speculative trading for short-term profits a popular strategy among StormGain clients, especially as StormGain offers up to 300x leverage on the most popular coins.

Mining in the clouds

Mining is one way that people have tried to build up a regular income from cryptocurrency since the beginning of Bitcoin. Traditionally, mining requires substantial computing power, typically a customised GPU, or more recently, specialised mining rigs. As crypto mining technology advanced, mining became organised on a mass scale, making it more inaccessible to the average new crypto enthusiast. Furthermore, mass mining has recently come under fire from environmentalists for requiring very high levels of energy consumption.

That's why we're so proud of our latest innovation at StormGain, the built-in Bitcoin cloud miner. This feature rewards StormGain clients with free BTC just for actively using the platform, with no additional cost to the user in resources or energy. StormGain's cloud miner is energy-efficient, convenient and free, and all of our active users can earn up to 0.0318 BTC per day. So far, 53 million USDT worth of Bitcoin has been awarded to StormGain clients via the cloud miner!

How do you use StormGain?

With fantastic support for every crypto strategy as well as the fantastic rewards for every type of user, it's no surprise that our active user count continues to rise every day. If you're not one of them, then what are you waiting for? It only takes a few seconds to register with StormGain and begin to experience  what the world's best crypto platform can do for you.

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Re: StormGain is a crypto trading platform for everyone.
« Reply #79 on: November 12, 2021, 12:12:19 PM »
The best crypto day trading strategies

In one of our recent articles, we talked about crypto day trading, one of the most profitable, albeit risky, methods of making money on cryptocurrency. In this article, we'll take a closer look at crypto day trading strategies.

What is crypto day trading?

Crypto day trading is a variation of speculative trading on the crypto market. In day trading, a trader closes positions on the same day they are opened. This type of trading is also called intraday trading. In day trading, the duration of holding a position is from several minutes to several hours.

Day traders most often use charts with relatively short timeframes, such as 5 minutes, 15 minutes, 30 minutes and 1 hour.

Top crypto day trading strategies

A trading strategy is a plan of action for making a profit from trading. If you don't have a clear trading strategy, it won't be possible to trade cryptocurrency with profit.

A trading strategy usually consists of the following components:

- Rules for analysing the market and finding opportunities
- Rules for entering and exiting a position
- Risk management.

A properly built trading strategy should answer four main questions about your every trading position:

1. What triggers entry into the position?
2. What triggers an exit from the position?
3. Where should the Stop-Loss be?
4. What size should the position be?

The choice of a trading strategy should be consistent with the trader's goals, experience, personality and discipline, as well as the amount of time a trader is willing to devote to trading. A ready-made trading strategy is like a clear action plan that can be applied to both manual and automated trading.

Below, we outline some of the most popular trading strategies for crypto day trading. Remember that different strategies may be more or less suitable for different assets. Before using the chosen cryptocurrency day trading strategy, you must first test (and backtest) it on the selected asset.

Range Trading

Range trading is a simple trading strategy used when the price moves sideways in a certain range between horizontal support and resistance levels.

When using this strategy, a trader opens a long position when the price bounces off the support level and closes it when the resistance level is reached (or when the price approaches it if the trader sees that the momentum is weakening and the price may not reach the resistance line).

The Stop-Loss with this strategy is set slightly below the support level. Keep in mind that a Stop-Loss order placed too close to the level can be triggered by a false breakout, and one that is placed too far from the level will increase your losses if the breakout turns out to be real. If a confirmed breakout of support or resistance level occurs, the trader should wait for a new range to form and start trading within it.



Channel trading

The channel trading strategy is very similar to range trading, but it's used when the price moves inside an ascending or descending channel.

When using this strategy, the trader opens long positions at the lower border of the channel and closes at the upper one. Short positions, in turn, are opened at the upper border of the channel and closed at the lower one. Bear in mind that the better trades are those that correspond to the trend. This means that it's better to open long positions at the lower border of the ascending channel and short ones at the upper border of the descending channel. The Stop-Loss is set outside the channel boundaries and follows their direction.

Just as with range trading, when one of the channel boundaries is broken, the trader waits for a new channel to form and starts trading within it.



Breakout trading

This is a very popular strategy that intersects with the previous two, and many traders use it in combination with one of them. When using this strategy, a trader waits for a breakout of a support or resistance level or a trend line and opens a position at the moment of breakout.

Usually, breakouts of important levels are strong price movements with increasing volume. A trader using this strategy tries to get into this movement and participate in it at the stage of formation. Participation in the breakout at the stage of its formation gives you the opportunity to reduce risk because the Stop-Loss will be closer to the entry point.

Traders who prefer a more conservative approach don't open a position at the moment a breakout occurs but after the price returns to the broken level and bounces off it. Take-Profit orders placed beyond the breakout point shouldn't exceed the previous range in most cases. Since there is no guarantee that the price will reach your goal, it's important to monitor the position and close it if price movement significantly weakens before triggering your Take-Profit order.

In addition, the breakout may turn out to be false, and the price will return to the range. A common sign that a breakout will be false is low trading volumes at the time of the breakout. The Stop-Loss is placed just below (or above if dealing with a short position) the broken level.



Moving averages crossover strategy

This strategy uses such a popular indicator in technical analysis as moving averages (MA). This strategy often allows you to identify a trend change. For this strategy, two moving averages are used, one with a longer time period, the other one with a shorter period. Day trading often uses moving averages with time periods of 9 and 20 candles. When the short MA crosses the long one upwards, it's a buy signal; when the crossover occurs downwards, it's a sell signal.

It's worth remembering that MAs are lagging indicators, so they won't indicate the best point for opening a position, and if you reduce their timeframe, they'll give a lot of false signals.



Crypto day trading strategies for beginners

The strategies described above have gained popularity, not least because of their simplicity, so they're quite suitable for beginners. Nonetheless, all of these strategies are based on technical analysis, so you need to master them to successfully apply them.

Tips for crypto day trading

In the previous article on crypto day trading, we gave some tips for novice traders. Here are a few more.

- In day trading, don't use averaging into a position. Averaging into a position means buying an asset at a successively lower price (or selling at a successively higher price for a short position). Keep it for longer-term trading strategies.
- Choose only the strategies that you understand well and adjust them to your circumstances.
- To increase the reliability of your strategy, confirm the opening of a position using additional indicators, but don't use more than 3 or 4 simultaneously.
- Don't start trading multiple cryptocurrencies at once. Pick 2 or 3 and practice your strategy on them.

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Re: StormGain is a crypto trading platform for everyone.
« Reply #80 on: November 15, 2021, 03:35:13 PM »
SHIB vs DOGE: which dog to back in this fight?

Who let the dogs out? The crypto community has gone completely crazy for canine coins. Tokens inspired by the cute Shiba Inu puppy, whose meme delighted the internet years ago, sometimes called pupcoins, or more generally memecoins, have become the hottest cryptocurrencies on the market. Now, you can also get your piece of the action and trade Shiba Inu (SHIB) and Dogecoin (DOGE) on StormGain, but which pup should you put your money on?

Shiba Inu and Dogecoin may have both started out as jokes, but they recently made the top 10 largest cryptocurrencies by market cap, rubbing up against famous altcoins such as Ripple (XRP), Polkadot (DOT) and Cardano (ADA). They aren't even the only canine coins in the competition, with others such as HUSKYX also making big gains lately. But we're going to focus on the two top dogs. What are the differences between them?

Technical differences

Shiba Inu Crypto and Dogecoin are both based on the same meme, but these cryptos are quite different breeds. In fact, only one of these, Dogecoin, is technically a coin. The Dogecoin network, forked from Litecoin (LTC), has its own dedicated blockchain, and DOGE coin transactions are native to this chain. When you make a trade with DOGE, that transaction is logged on the Dogecoin blockchain, just like with Bitcoin and other distinct cryptocurrencies. SHIB, on the other hand, is a token on the Ethereum blockchain. Transactions of SHIB are recorded on the Ethereum chain rather than on its own.

The practical effect of this is that DOGE is a coin that can be mined, and Dogecoin itself works on a proof-of-work consensus algorithm similar to Bitcoin. The developers plan to upgrade to a proof-of-stake algorithm in the near future, which is a model favoured by more advanced cryptos. One can't mine SHIB because it does not have a consensus mechanism to enable this. However, the developers of Shiba Inu did create a platform called ShibaSwap exchange, on which users can stake their SHIB holdings in liquidity pools in exchange for token rewards.

There is much more SHIB than DOGE...for now

Both dog-themed cryptos also differ in terms of supply. Not only do they start at different numbers, but those numbers are rending in different directions. The supply of Shiba Inu tokens is started at a mind-boggling one quadrillion SHIB, much higher than DOGE's current supply of about 132 billion. But here's the thing: SHIB's total supply is shrinking, while DOGE's is actually growing.

DOGE's supply isn't deducted from a limited pool a la BTC. Instead, miners mining for Dogecoin actually mints brand new coins, adding to the total supply in circulation. The Dogecoin mining protocol is designed to slowly decrease the amount of DOGE that can be mined in a year, but the total supply will still go up. Meanwhile, SHIB's initially large supply is going down, sometimes very dramatically. Ethereum founder Vitalik Buterin was recently gifted 500 trillion SHIB by the developers, which he then proceeded to burn, drastically cutting down the supply. The sudden drop in supply, in turn, created a huge demand for SHIB with a corresponding price increase. Eventually, the lines on the chart will cross, and DOGE should become more plentiful than SHIB in the future.

Price of the puppies

Each crypto in this doggy duo also differs from the other in terms of price. At the time of writing, DOGE is trading at about $0.26; SHIB looks much more affordable at $0.000055. However, both SHIB and DOGE have seen exceptional growth recently. A large enough investment can yield significant returns, with analysts predicting DOGE to hit between $1 and $1.50 over the next year. SHIB's unprecedented growth certainly created millionaires and maybe even billionaires who invested early, and although its growth has slowed recently, analysts have predicted that it could reach heights of $0.000094 or more, rewarding investors who hold enough of the token.

Watch out for influencers

When considering the price of these meme coins, one should bear in mind that they both owe their amazing growth due to buzz on social media. Dogecoin is, of course, championed by Elon Musk, whose Twitter account is incredibly influential on certain market assets. Musk himself is in business with Dogecoin and frequently encourages his Twitter followers to send it to the moon. The Tesla CEO often makes joking references to the meme, calling himself 'Dogefather' and 'Lorde Edge' (as in, Elder Doge?). Wordplay aside, it's clear that this billionaire is still invested in DOGE, both for amusement and profit. Who knows what game he'll play next?

SHIB has a similar story of being a social media sensation. As previously mentioned, Vitalik Buterin has been a big influence on the price, but another factor has been the Shiboshi NFT collection. NFTs are a popular section of the cryptocurrency market right now, and the Shiba Inu team skilfully used them to promote their token. All in all, anyone interested in trading either SHIB or DOGE would do well to stay up to date on social media, the NFT market, and crypto influencers!

Trade SHIB/DOGE on StormGain today!

Both of these exciting cryptos are now available on StormGain along with 150+ other crypto instruments, but which dog will win the race? Take the opportunity to invest in SHIB, DOGE or both while benefitting from StormGain perks such as high leverage, profit-sharing, zero-commission trades and loyalty benefits.

Not a StormGain user yet? Sign up in just a few seconds to start trading today and join the clash of canines!

stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #81 on: November 16, 2021, 04:29:37 PM »
Bitmain Releases New Super-Efficient ASIC

The miners' arms race is picking up momentum. The order list for ASICs is fully booked for half a year in advance, and big companies are choosing to charter private jets to not lose time on ocean freight delivery. Bitcoin's price has set a new historic high, while computation difficulty remains below May values.



This stimulates participants to ramp up their computational power, and the manufacturers are working on the production of more efficient models. The world's biggest ASIC provider Bitmain the other day presented the Antminer S19XP model with a hashing power of 140 terahashes and power consumption of 3 kWh. The new model's energy efficiency is 37% higher than that of the top-notch S19 Pro because it uses 5-nm chips versus 7-nm ones. This provides 25% more profitability with the same level of electricity consumption.



The biggest mining companies are public. On the one hand, they're reducing their own financial risks by using raised capital; on the other hand, they have to constantly update the equipment to maintain their investment attractiveness. This explains the high demand for ASICs and long pre-order lists (besides the shortage of semiconductors).

The first S19 XP will go to such companies as Greenidge Generation Holdings, Ault Global Holdings and Bitline. These machines will only become available for a general audience no sooner than Summer 2022. According to estimates from Luxor, Bitmain will have produced 280,000 new ASICs by the end of next year, which will cumulatively provide a quarter of the current global hashrate.



Thanks to the coin's high price, the average mining profitability from one terahash is at $0.35 a day, a three-year high. As there are no signs of a big Bitcoin correction happening in the near future, further escalation of the arms race and the growth of the global hashrate will likely continue.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #82 on: November 19, 2021, 03:40:05 PM »
Solana Grows 100 Times in One Year and Makes It to Bloomberg Terminal

Smart contracts are one of the biggest drivers of the growing range of applications of cryptocurrencies. Ethereum remains dominant due to its high decentralisation, but it's losing ground to newer projects in terms of transaction fees and processing time. While Ethereum's throughput doesn't go above 15 transactions per second, the so-called 'Ethereum Killer', Solana, can process 50,000 operations in the same amount of time.



Smart contracts are being actively used in the decentralised finance (DeFi) sector. Ethereum accounted for 97.7% of locked liquidity at the start of the year, although this figure has contracted to 66.7% since then. Solana has the third-most locked liquidity, with $13.3 billion in locked funds and a 5.2% share. This high amount has been achieved in a relatively short time; the main network was only launched in the March of last year.



Later, Solana also entered the battle for non-fungible tokens (NFTs) used in digital art. The debut happened three months ago when a collection of 10,000 monkeys was sold in 8 minutes. The sale proved the network's fast speed and very low commissions (less than 1 cent). Currently, 193 NFT projects support Solana, and the NFT visuals turnover using this blockchain has exceeded $900 million.

Solana's success has caused a 100-fold growth of its price and pushed the network to fifth place in terms of market capitalisation, with $64 billion. Because of high institutional demand, the cryptocurrency has the third-highest market cap (after Bitcoin and Ethereum) and has been added to Bloomberg Terminal that allows traders to monitor quotes.



Solana is gradually catching up with Ethereum in terms of nodes: 982 nodes against 3,346, respectively. Its improving decentralisation, coupled with low commissions and high transaction processing speed, is increasingly swaying start-ups to choose Solana as their base blockchain.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #83 on: November 22, 2021, 01:19:22 PM »
Get ready! An extra signal drop and bonuses are coming at StormGain on Black Friday

Black Friday is almost upon us, and the world is preparing to snap up bargains during the year's biggest shopping holiday. But Black Friday isn't just a time to save money. Here at StormGain, it's also a time to make money.

StormGain will be running a special Black Friday promotion for the whole week starting Monday, 22 November, and ending on Sunday, 28 November. The main perk of Black Friday Week will be a special trading signals drop to users' accounts. StormGain trading signals are based on technical analysis tools and provide easy-to-digest tips on crypto movements to help you quickly jump on trade opportunities. Don't miss out on this chance to supercharge your trading and profits!

What kind of deals can I expect?

- StormGain clients who have previously made a deposit on the platform have to make a Bitcoin trade with the maximum leverage during the Promotion Period. After that, they'll receive a free trading signals drop on Black Friday itself (26 November). Additionally, clients who deposit 50 USDT or more will receive double the signals and a 10% bonus on top of everything else!
- Clients who have yet to fund their account can make their first deposit of 50 USDT or more to receive a trading signals drop on 26 November and a 20% bonus.

All participants will receive between 5 and 10 signals on Black Friday (26 November) via push notifications.

Bonuses will be credited to participants between 29 and 30 November.

Should you buy the dip? How to use StormGain's Black Friday promo for maximum profit

To make the most of the extra trading signals, it's important to prepare to actively trade during this time and take a look at current market trends.

Bitcoin is on the decline following a drop from the recent all-time high of $69,000, leading to many calls in the crypto community to 'buy the dip' as the top crypto currently hovers around $60,000. Bitcoin believers have been vindicated in the past, as Bitcoin has fallen a few times in recent years, only to bounce back and hit new highs. The trick is timing the bounce to catch the rebound.

And what about altcoins? As much as many altcoins present improvements on Bitcoin's system, the truth is that their value tends to remain tied to the original cryptocurrency's. Where BTC goes, other coins tend to follow. As such, with few exceptions (such as Avalanche or ARC Governance Coin), Ethereum and other BTC competitors have also dipped and are also likely to bounce back, though perhaps not at the exact same time.

That's where the extra trading signals come in handy. To make the most of market movements during Black Friday week, you'll need to be on the ball and aware of many different crypto pairs' short-term activity. The trading signals drop will do a lot of the work for you, allowing you to trade more effectively and efficiently.

Get ready for Black Friday trading!

Don’t forget to trade BTC with the maximum leverage and/or make a 50 USDT+ deposit during the promotion period to take advantage of this special opportunity to maximise your gains. If you're not a StormGain client yet, sign up in just a few seconds to qualify for the bonuses and enjoy trading on the crypto platform with the best perks in the business.

Remember, you have to accept the invitation to get into the game. Make sure you turn on email and push notifications from us and keep an eye peeled for the promotion start!

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Re: StormGain is a crypto trading platform for everyone.
« Reply #84 on: November 23, 2021, 02:22:47 PM »
NVIDIA Fails: Mining Processors Lack Demand

Gamers' complaints about the high price of GPUs have been heard. First, NVIDIA tried to limit the computing power of its units for finding the right hash function. Later, it released a specialised unit for mining called a crypto-mining processor or CMP. But the stunt didn't work; CMP sales plummeted.

The CMPs were intended to replace the GPUs from the RTX 30 series, which outperform all other GPUs in terms of Ethereum mining profitability. When the top RTX 3090 was released in Autumn 2020, it could pay for itself in four months, and Ethereum's skyrocketing price would fire up investment interest in graphic cards.



The programme limit put on computing power didn't work because cryptocurrency miners found a way to bypass it. Then, in early 2021, NVIDIA released its CMPs, which are a downsized version of graphic cards without a video output. Sales crashed because these processors didn't solve the chip shortage problem, and miners didn't buy want to a small discount in exchange for the loss of universality.



What's worse, CMPs turned out to be less effective. Even though they use the same amount of energy, the top 90HX model produces 86 Mh/s, while the RTX 3090 produces 121 Mh/s. A CMP is 30% cheaper than an RTX, but they both have a similar ROI period of about 18 months. This means that, as mining difficulty goes up, CMPs will retire sooner, while RTXs will still deliver profit. On top of that, you can start using RTXs for their main purpose.



It comes as no surprise that the CMP sales fell by 60% in the third quarter and that the company is forecasting a further slump in demand. If you take the total volume of the CMPs sold from the sales of graphic cards, they make up only 3% or $526 million out of a $19.3 billion market.

The company tried its best to decrease the shortage of graphic cards caused by cryptocurrency mining but experienced a fiasco. NVIDIA's chief financial officer, Colette Kress, stated that the company doesn't know how much demand for its products comes from the cryptocurrency market. Nonetheless, the sales of graphics cards have increased by 50% compared to Q3 2020, and sales total $3.2 billion.


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stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #85 on: November 24, 2021, 02:30:38 PM »
Chase for Profit: AVAX Replaces SHIB

Cryptocurrency traders cause cashflows to go up and down while searching for fast-growing projects, which causes high volatility. Last month, Shiba Inu was among the favourites with a 100-fold growth in one month. In November, Avalanche has been a strong performer, seeing 109% growth in the past 22 days, even among a generally consolidating cryptocurrency market



A good way to see the change in sentiment is to look at daily volume. A month ago, SHIB was among the top three crypto coins by this metric, being behind Bitcoin and Ethereum (excluding stablecoins).



Now, its place has been taken by AVAX, which has a trading volume of $3.7 billion and a market capitalisation of $29.7 billion that earned it a place in the top 10 cryptocurrencies by market cap.



Avalanche can boast a high throughput of up to 10,000 transactions per second and super-low network fees. Because of the shard chains, the network does not have high workloads and has good scalability. It has been just over a year since its mainnet launched, and AVAX already has $12.4 billion worth of staked funds, which makes this blockchain the fourth most-popular one in DeFi.



The project’s practicality has been duly rated by one of the biggest consulting companies, Deloitte. Last week, their collaborative work on a platform for help in natural disasters, Close As You Go (CAYG), became known. CAYG is a cloud-based solution optimising applications for federal aid. Avalanche is providing security, high-speed access to financing and transparent operations.

Shiba Inu is a meme cryptocurrency, and its initial goal was to overtake Dogecoin by market capitalisation. The price of such coins strongly depends on speculative interest. As a result, SHIB has fallen almost twofold this month. Avalanche sets more serious goals of providing high throughput speeds in the world of finance without sacrificing decentralisation and security. This supports long-term interest in AVAX, while SHIB risks falling further.


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stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #86 on: November 25, 2021, 04:20:21 PM »
Bitcoin no Hedge Against Inflation? Not for Turkey at least

Last year, JPMorgan had already highlighted the high likelihood of Bitcoin replacing gold as a hedge against inflation. At least for one of the developing countries, this forecast had come true: in two weeks, the Turkish lira lost over 30% of its value, and inflation has once again reached 20%.

In response to rising inflation, central banks typically hike interest rates in order to slow down the cash flow and decrease lending. Credit becomes expensive and deposits become the preferred option. This takes the ‘fever’ out of the economy and prices tend to fall. Such a tactic has its pitfalls, but it does help to avoid hyperinflation, which is harmful for any economy.

The Turkish president has his own vision of financial policy, which runs counter to classical economic theory. Since 2019, Erdogan has changed the central bank chairman three times as he wanted to keep interest rates down. Along with high net government spending, the military campaign in Syria, and growing state debt, it led to a spike in inflation of 19.9% in October. Meanwhile, the central bank lowered the interest rate in the middle of October from 18% to 16%.



Since 2020, the Turkish lira has become two times cheaper than the US dollar. Searching for a hedge against inflation, Turks started to buy Bitcoin en masse as the number of new registrations from the region rose 300% in late 2020. In March 2021, the cryptocurrency’s trading volume reached $27 billion, which is more than 30 times its level at that time last year. Back then, Erdogan proclaimed war on cryptocurrencies and later put a ban on their use as a payment means in April. A share of Turkish crypto exchanges closed; however, it did nothing to reduce the interest in Bitcoin.



According to a local cryptocurrency platform BtcTruk, in the last 24 hours, the daily turnover in the BTC/TRY pair topped $55 million and is still growing. The way MicroStrategy CEO Michael Saylor sees it, Bitcoin is the last hope for turkey, and the country should follow El Salvador’s example.



The main difference between Bitcoin and state currencies is its deflationary mechanism. While separate states and leaders can print more money to finance their political ambitions, the rate of issue of new bitcoins falls by the year. Besides that, the block mining reward shrinks every four years, and the total amount of coins is limited to 21 million. From January 2020, the money supply (M2) of the Turkish lira has grown by 56%, and the Bitcoin supply – by just 4.1%. It is unsurprising that the BTC/TRY pair is hitting new highs.

And how, in your view, can cryptocurrency be viewed as a hedge against inflation?


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Re: StormGain is a crypto trading platform for everyone.
« Reply #87 on: November 30, 2021, 04:36:25 PM »
Metaverse Boom to Increase SOL and AVAX Growth

The development of the Internet and virtual reality technology has brought about the emergence of new ways to interact socially: communication through metaverses. One of the most popular ones now is Decentraland, where users can buy plots of land and create their own NFTs. The platform’s popularity has led to a plot of virtual land being sold for a record $2.4 million and Barbados becoming the first country in the world with its own embassy and metaverse.

The metaverse market is growing exponentially. According to Grayscale, by June 2021, the number of users had grown tenfold in 18 months, and market volume will surpass $1 trillion in several years. Epic Games, Facebook and the Yakutsk company MyTona have all expressed their willingness to create their own metaverses.



Projects may differ in terms of genres, visualisations and the degree of immersion, but all of them share in common their pursuit of commercialisation. This is where smart contracts and non-fungible tokens (NFTs) step in to help. In-game coins allow users to buy and sell digital objects, and blockchain technology allows funds to be easily transferred between platforms and converted to fiat currency afterwards. In other words, you can create an attractive art object in a metaverse, then sell it on an outside online auction for cryptocurrency. And you can swap the cryptocurrency for fiat on an exchange or save it in your own cryptocurrency wallet.

The ability to generate income is especially appealing to both users and businesses, which can use virtual showrooms to showcase content and sell physical goods for vouchers. In the near future, sales will be made in various metaverses’ showrooms rather than on websites.

Smart contracts allow a number of financial processes to be automated, providing fast trade speed and security. Ethereum was the first blockchain with smart contracts, but due to the bulkiness of the proof-of-work algorithm, it is consistently losing its market share to the faster Solana and Avalanche blockchains. In one year, Ethereum’s DeFi share has shrunk from 96% to 66%, and SOL and AVAX currently have 5% each.



Native coins of metaverses, such as MANA and LAND in Decentraland, will have high price volatility depending on how popular the platform is. But all of them will increase demand for the cryptocurrency of the blockchains they run on. MANA is an ERC-20 token, while LAND is an ERC-721 protocol of the Ethereum blockchain. However, new projects will likely prefer the quicker and less fee-intensive Solana and Avalanche blockchains.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #88 on: Today at 04:02:30 PM »
Institutional Interest Is Shifting towards Altcoins

The growing interest in decentralised projects, the emergence of metaverses and the spread of NFTs have led to increased demand for altcoin smart contracts. Bitcoin retains its status as a store of value, but it can't compete in terms of efficiency with superfast blockchains. In November, the cryptocurrency market's capitalisation rose to a new historical record of $2.85 trillion, with Bitcoin's share down to a three-year low of 43%.



According to CryptoCompare, the aggregate sum of Bitcoin assets under management (AUM) has fallen by 9.5% to $48.7 billion. Ethereum's AUM grew by 5.4% to $16.6 billion, and all other altcoins rose by 10.4% to $2.6 billion. The discrepancy in numbers stems from a stronger correction in Bitcoin and increased investment in other cryptocurrencies.



Institutional investors continue to grow their investment for the third month in a row. The average weekly inflow in Bitcoin has been at $94.4 million. Ethereum is in second with $24.4 million, and Cardano rounds out the Top 3 with $10.7 million. Meanwhile, the 21Shares Solana ETP fund shows the highest profit of 22%, while Bitcoin funds are finishing the month in negative territory.



Bitcoin is leading in the total amount of investment and inflow of funds from institutional investors. However, interest in altcoins is continuing to strengthen. This is leading to the reduction of Bitcoin in global capitalisation and cryptocurrency funds' AUM.


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