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Topics - Maxicreed

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Cryptocurrency discussions / Does NFTs still have relevance in the Crypto Space?

« on: February 24, 2024, 05:31:42 PM »

Stats from last year's Coingecko market report reveal a decline in NFT adoption compared to fungible tokens and the 2022 trading volume. This prompts consideration for aggressive investments in the sector. Noteworthy NFT-integrated projects like Mavia and the recent Animalia, an online NFT trading card game, have emerged showing a glimpse of prospect for NFT-related crypto projects.
https://www.coingecko.com/research/publications/2023-annual-crypto-report

As a non-gamer navigating the unpredictable crypto space, the drop in last year's NFT trading volume to 11.8 billion, in contrast to 2022's 26.3 billion, raises concerns. However, closely monitoring these NFT-related projects could prove rewarding if a different scenario unfolds this year.

The question lingers: Will this year bring a shift, or are there indices signaling a potential bullish sentiment for NFTs and their related projects?

Crypto Exchanges / What to expect from Bitget's rebranding after hitting 20 million user base

« on: July 25, 2023, 06:07:37 PM »

The exchange announced the rebranding today via their twitter handle and cointelegragh and the highlight of the news was the new motto: "Trade Smarter" rather than the previous "Better trading, better life" with a little modification on their logo
The new slogan may have been borne out of their success story from copy trading which I guess has been able to ease beginners adventure into the crypto space. Newbies usually get frustrated when they lose frequently on trades but with their AI enabled copy trading features, adoption has been seamless with an impressive data (110k+ pro trader and more than 540k+ followers copying trades) which put them as the largest crypto copy trading exchange.

Evidently, this growth isn't far from the successes recorded by those copying trades from the long list of their carefully selected pro traders. Bitget have also announced that over $350 million PNL has been realized. How do they get this far in just 5 years?
My best and obvious guess is they have a wide range of copy trading features that meets various traders appetite.
>Futures copy trading
>Spot copy trading
>Bot copy trading etc
A peep to their website would expose you to more insights.

My trading experience actually started with Bitget copy trading because it allows you to analyze the total profit, AUM (assets under management), ROI ( return of investment) and the win rate of each of the elite trader because the higher the wining rate the more you are likely to make profit. This feature could indeed the obvious reason they were able to reach more than 20 million users in just five years. obviously more could be on card as the rebranding may come with more exciting features that will ease trading for their teaming users.

This is not a financial advice but me sharing my experience with on the platform after learning about the reason for their rebranding and i will appreciate your own opinion not just on Bitget but with copy trading as a tool to encourage adoption

Cryptocurrency Trading / What are best copy trading platform available now?

« on: July 18, 2023, 12:55:34 PM »

I don't trade perp Futures but with the market staying bearish for quite sometime now, I am thinking of exploring that features. I will appreciate suggestions even though I did pen down certain list of trading platforms.

Litecoin Forum / Preparation for the LTC halving and it's potential reoccurring price surge

« on: July 15, 2023, 06:18:59 PM »

The much-anticipated Litecoin halving is slated to take place in less than 18 days from now and the block reward is expected to decrease from 6.25 LTC to 3.125 LTC.
This is a reoccurring tradition every four years to help preserve the value of Litecoin and make it a more appealing for investment.

Tho, there is ongoing debate about whether the halving will have a significant impact on its price cos some have argued that it will lead to a price surge since the reduced supply will increase Litecoin's value but others have a contrary opinion suggesting that the halving will have a minimal effect since the demand for Litecoin is already high.

In 2015, Litecoin experienced a rally of +520% before its halving that year.

Similarly, in 2019, LTC rallied by +545% prior to its halving in that year.

What do you expect the impact of this year's halving to be?

Regardless of its direct influence on price, several platforms always offer various events and enticing rewards related to halving.
Some platforms have already begun organizing events for the upcoming halving. I recently came across one of such on Bitget today. Three rewarding campaigns are already in play in preparation for a potential imminent price surge.

Crypto Exchanges / Bitget launched an AI-powered feature for its Grid Trading strategies

« on: July 12, 2023, 01:02:20 PM »

Bitget Grid Trading Strategy has seen what I call an upgrade cos it obviously seems to now suit categories of traders and help maximize profit. It's an AI powered feature that has been able simplify and also make crypto trading more accessible for new traders

Apart from the traditional algorithm of placing buying and selling orders within a predefine range, the AI feature now allows users to select from a range of AI trading bots which includes "conservative," "secure," and "aggressive,".

These algorithm caters for different type of traders and as usual help safe traders the stress of monitoring their trade frequently to safe time for other productive activities.

Out of curiosity, I would like to know if we have similar AI powered feature on other Grid Trading Strategies and also hear the experience of those who may have utilized this feature.

Crypto Exchanges / Bitget list Lybra Finance. A decentralized protocol built on LSD

« on: July 04, 2023, 03:04:58 PM »

Lybra Finance aims to add stability to the volatile crypto world. This is possible through the provision of a safer and more decentralized stablecoin, eUSD, which offers stable interest to its token holders and as a DeFi protocol, it facilitates the minting of eUSD by allowing users to borrow against their deposited ETH and stETH.

eUSD, being an ETH-assets-over-collateralized stablecoin, offers users the security and stability necessary for conducting their business with confidence.

A distinctive feature of this project is that user can earn regular income by holding the minted eUSD and
it current market cap is 22.8 million with 9.8 million already in circulation out of the 100 million of its total supply.

It seems more like an undervalued gem with great potential but as usual this is not a financial advice and you may do your due diligence before making your decision.