follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: StormGain is a crypto trading platform for everyone.  (Read 102923 times)

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #15 on: May 14, 2021, 03:28:55 PM »
Ethereum Founder Hammers Dogecoin Copycats

A co-founder of Ethereum – the most promising network – and crypto billionaire Vitalik Buterin has decided to kill two birds with one stone: stop Dogecoin copycats in their tracks and help India in its battle with the coronavirus. Meme cryptocurrencies dropped by 50% on average in one day.

Dogecoin has become popular and got a big army of fans. Elon Mask has lauded it over the years, calling it his favourite cryptocurrency. We have been telling you about the reasons behind such a positive attitude towards Dogecoin whose market cap has grown by 1,000% in the last year. Such success led up to the advent of many copycapts – Shiba Inu, Akita Inu, DogElon Mars – many of which started off very well after the launch.

Thus, Shiba Inu grew 10 times in 5 days, having risen to the fourth place by daily trading volumes with a mark of $21 billion. In contrast with Dogecoin, most of its copycats are built on the ERC-20 token (such a token can be created in several mouse clicks), because of which the cost of transactions in the Ethereum network rose to a record $70.



The creators of Shiba Inu, Akita Inu and DogeElon, ingratiating themselves with a grand master of the cryptocurrency world, gifted him their coins in hope that he would not spend them and would speak positively about their projects.

However, Vitalik Buterin decided to decrease the level of tension around Dogecoin, decrease the level of congestion in the Ethereum blockchain and make a good thing all along: he sent 50 trillion Shiba Inu ($1.2 billion at the moment of transaction) to a charity fund helping India fight COVID-19 and donated a half of Akita Inu ($431 million) on the Gitcoin platform. As a result of his actions, Dogecoin copycats lost 50% of their market capitalisation in 24 hours.



Dogecoin fell less than 10%, but there were different reasons for that.



On 12 May 2021, Elon Musk said that Bitcoin was too toxic to be accepted as payment for Tesla cars due to the ‘rapidly increasing use of fossil fuels for bitcoin mining’. And the fact that Dogecoin is like Bitcoin works on a proof-of-work protocol, the integration of this cryptocurrency is also irrational (Musk was asking his Twitter subscribers a few days ago whether it should be allowed to be used as payment for Teslas).


StormGain analytics team

Altcoins Talks - Cryptocurrency Forum

Re: StormGain is a crypto trading platform for everyone.
« Reply #15 on: May 14, 2021, 03:28:55 PM »

For Monthly biddings Check Here


Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #16 on: May 17, 2021, 02:07:15 PM »
The ‘YOLO economy’ kicks off as generation lockdown turns to crypto for financial freedom

Fed up with lockdown life, under-employed or overworked, many people are ditching their old routines and risking it all to pursue what is really important to them. Pundits have dubbed this movement of fulfilment-seeking workers and their money the ‘YOLO economy’. Cryptocurrency, now able to bring its promise of financial freedom to the masses via user-friendly FinTech apps, is a defining aspect of this new economic trend.

New ways to work, new ways to build wealth

The basic premise of the YOLO, or ‘you only live once’, economy is that the old ways of working just aren’t cutting it anymore. Low-income workers have been laid off and are struggling against inefficient government relief and a shrinking job market. Although labelled ‘essential’ and heaped with praise, others workers aren’t seeing that gratitude being translated into material security even as they risk their health to keep the economy going. Then there are the luckier ones: the tech workers, marketers and administrators. They found themselves getting used to working from home, with more control over their time and privacy. They hear the call to return to uncomfortable suits, cubicles, and commutes, dig their heels into their living carpet and say, “No!” The rollout of vaccinations and increasing anticipation of a return to ‘normal’ has many considering the lessons learned in lockdown and whether they truly want to go back to the way things were before.

Not everyone has had the savings, support or opportunities to turn the 2020 upheaval into a bliss-seeking adventure. Many are still trying to stay afloat. But anyone in a position to think about where to put their next investment is likely to have a very different mindset than the pre-pandemic paradigm. Seeking a new way of making money, they’re turning to online crypto exchanges, which are making the investment into blockchain technology easier than ever.
StormGain, a cryptocurrency platform popular with new traders, reported a dramatic uptick in new clients in 2021. One thing that makes StormGain particularly attractive to crypto beginners is that the app features a comprehensive suite of educational materials that explains the different types of cryptocurrency and all the ins and outs of trading that make it easy for the layperson to understand.

“We’re seeing some real growth in interest these recent months,” said StormGain CEO Alex Althausen. “Part of this is the popularity of crypto since value is going up across the crypto space, and people want to make that money for themselves. But newcomers are choosing us because they are ready for a big change in this so-called YOLO economy, and we are the ones that offer not only the tools for trading but also all the information they need to prepare themselves and start trading crypto with confidence”.


YOLO and crypto

Considering the optimism, individualism and innovation of the YOLO economy, it’s actually no surprise that it coincides with a boom in cryptocurrency, both in terms of value and adoption. The exposure of the economy’s fragility went hand in hand with an indictment of the traditional financial system — one that felt like the last straw for those who came of age around the 2008 financial crash and the Occupy Wall Street movement. Fast-forward to 2021, non-traditional finance has come into its own. Bitcoin (BTC) has hit dizzying heights of $60K+ value amid fears of the devaluation of the dollar and other fiat currencies. Part of this is due to large-scale investment from established financial giants. But the YOLO economy isn’t about JP Morgan, Goldman Sachs or Citibank. In fact, it’s not even really about Bitcoin.

Bitcoin may be a household name now, but it’s the alternative cryptocurrencies, or altcoins, that are the real stars of the YOLO economy. Bitcoin’s boom was met with cheers by longtime crypto holders, but for most retail investors and ordinary people dipping into cryptocurrency as an extra money-maker, it’s all about altcoins. The number two cryptocurrency, Ethereum (ETH), is soaring to new all-time highs, and other altcoins are falling suit. Litecoin (LTC), Ripple (XRP), Monero (XMR), Pancakeswap (CAKE), Chainlink (LINK) and many more are enjoying their heyday. Bitcoin may have priced itself out of the range of many ordinary people, but YOLO investors aren’t just looking at the ‘mainstream’ cryptocurrency.

To offer the best range of affordable altcoins for this new wave of investors, StormGain recently debuted a series of new altcoins on the platform, totalling 50 different crypto instruments to trade, in addition to 3 indices, or packages of different coins to offer risk management. This makes it easier for the new investors who decided to go YOLO to choose from the most promising Bitcoin alternatives and build a diverse portfolio quickly.


The tools of the trade

The proliferation of platforms is key to the YOLO economy. Crypto thumbs its nose at banks and borders and puts the power in the hand of the individual. Specialised crypto brokers have become faster, slicker and more user-friendly. They boast better bonuses and innovations as they expand to attract new users. Higher leverage rates tempt the daring while crypto indices have been introduced for risk-averse investors. Other gimmicks make it easier to earn crypto without buying it outright.

StormGain, for example, although it already boasts low fees and high leverage, also debuted a built-in Bitcoin cloud miner so that users can also earn the big BTC even while trading more affordable altcoins. StormGain’s cloud miner is unique and impressively works without using any resources from the user’s device. If you’re interested in trying this novel approach to mining Bitcoin, register with StormGain. It only takes a few seconds, and when you use the code YOLOSG, you get a 5 USDT bonus head start towards mining your BTC.

Crypto brokers like StormGain are what really powers the YOLO economy. Because they put access to the crypto market on our smartphones and computers, it becomes simplicity itself to take the first steps towards becoming financially independent while we swipe and click and stay at home, planning for our big break in a post-pandemic world. Sure, pursuing such ambitions may involve some risk, but why not shoot for the moon like Elon Musk? Everything is changing, anything is possible, and You Only Live Once!

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #17 on: May 18, 2021, 01:38:23 PM »
Bitcoin’s Carbon Footprint vs. Banks and USD

Last week, Elon Musk’s tweet triggered a downfall in Bitcoin; in it, he said that Tesla no longer accepted BTC as payment. The reason for the reversal was the ecological impact that Bitcoin miners had. But how real is it?



Galaxy Digital conducted research that compared the amount of energy consumed by Bitcoin miners to gold miners and the banking system. Bitcoin was the least toxic:



With the global electricity consumption worth 166,071 TWh/yr Bitcoin consumes 114 TWh/yr or 0.07%. Meanwhile, the banking system requires 264 TWh/yr, and gold miners take 241 TWh/yr for mining and refining gold, which is twice as much as Bitcoin consumes.

Thanks to its decentralisation, Bitcoin offers a range of unarguable benefits against traditional systems especially for the people living in authoritarian regimes. Alex Gladstein from the Human Rights Foundation believes that 4.2 billion people need such a financial instrument. A backward economy of several countries leads to a fast devaluation of their national currencies, and for many Bitcoin remains the sole opportunity to save their funds.




Meanwhile, the stability of the U.S. dollar largely relies on the foreign policy and military campaigns of the USA. For instance, one M1 Abrams burns up to one litre of petrol in idle run, and they do not kill their engines in flashpoints. In 2019, a report was published, estimating the carbon footprint of the U.S. Armed Forces in 140 countries of the world. If they were taken as a sovereign state, their energy consumption would be the 47th in the global ranking between Peru and Portugal.

John Lennon’s son Sean Ono has not stood aside from Bitcoin criticism: “Ppl wearing jeans and drinking coffee and eating almonds and avocados and driving cars and taking flights and using cellphones and buying new computers while complaining that #bitcoin uses electricity (70% of which is renewable).” In his opinion, everyone should start with themselves and moderate their consumption of resources.

In 2015, Natural Resources Defense Council estimated that the electricity consumption of inactive devices connected to the U.S. power grid totaled 1,375 TWh/yr. It is twelve times bigger than the current Bitcoin network power.

Subscribe to enjoy great ideas!


StormGain Analytics Group

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #18 on: May 20, 2021, 06:45:07 PM »
Bitcoin: Who Is Selling and Buying Right Now?

Retail and institutional investors behave differently in the times of large corrections on the crypto market. The current 50% Bitcoin retracement from its historical high is no different.

Elon Musk’s change of mood coincided with an overheated market that has growth threefold this year alone. Tesla has not sold its coins (as claimed by Musk) but its refusal to accept BTC as payment has triggered a slight panic on the market.

As in the last year, retail investors began to transfer their Bitcoins from their wallets to exchanges to sell them. Meanwhile, institutional investors are buying the cryptocurrency at lower prices. The difference in the behavior of the two groups of market players come to the surface thanks to the different types of target audiences of different exchanges. Retail investors primarily trade on Binance, while Coinbase’s trading volumes are primarily provided by institutional players.




On 17th May, Binance registered an inflow of 26,000 BTC, while Coinbase registered an outflow of 146 BTC. Similarly, big players were buying the fall in March 2020.

The MicroStrategy CEO Michael Saylor is not far behind, having announced a purchase of 229 BTC (%10 million) on 18th May at an average price of $43,633 per BTC. The company’s total balance exceeds 92,000 BTC ($2.3 billion).

Meanwhile, different analysts demonstrate different approaches. Thus, Carter Worth from Cornerstone Macro predicts a drop to $29,000, which corresponds to the coin’s traditional big retracement worth 55% from its ATH. Bank of America has surveyed 194 investment fund managers and has found a growing interest toward Bitcoin as a long-term investment.




There is a third category of investors who do not choose between buying and selling Bitcoin but invest in the most promising altcoin – Ethereum. At present, its market capitalisation is worth 45% of Bitcoin.



The founder of Investment Ark believes that institutional investors underestimate Ethereum, so her fund has bought Ethereum Grayscale Trust shares for $21 million in the first quarter. It was the right choice as Ethereum Grayscale Trust shares have grown by 179% this year as Grayscale Bitcoin Trust shares – only by 1.7%.


StormGain Analytics Group

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #19 on: May 24, 2021, 01:46:09 PM »
Bitcoin’s Correction Has Refreshed the Market

The bull run of 2020 increased the level of greed among investors, many of whom had forgotten that this is a high-risk market. As a result of the sudden but not too big retracement, all margin buys were discarded from the market. A slight panic increased the level of volatility in Bitcoin up to 80%, and up to 139% in Ethereum.



In the period from February to May 2021, Bitcoin was in a limited price corridor, which many associated with the accumulation of liquidity for the next bull run.



Judging by the growing rate funding rate, it looks to be the case: the more traders are buying cryptocurrency with leverage, the higher becomes the commission for holding a position. But a series of negative news, including Musk’s overkill and the tightening of China’s policy, have led to an adverse resolution: Bitcoin has lost over a half from its highs, and the markets have already leveraged out all margin investors.



At some moment, even the swaps became profitable, making long-term purchases more attractive the shorts, but currently they are at near-zero yields. The correction in cryptocurrencies has brought the market down to earth, having liquidated the leveraged positions. It decreases the load on the network coming from active speculations. Thus, the commission in the Ethereum network has fallen to $23 after peaking to $70 on 12th May.

The institutional demand revealed in open interest towards Bitcoin has reduced by $5 billion. For some time, this will help to further lower the rates, because high-net-worth capital holders are less interested in high volatility than regular traders.



However, there are some who have used the price fall. The portal itsblockchain has traced the transactions of a whale: he or she sold 3,000 BTC on 9th May at an average price of $58.500 and bought 3,521 BTC at an average price of $44,500 on 15th – 19th May. Thus, the investor was able to make a profit of $18.7 million, having increased his or her holdings by 521 BTC.


StormGain Analytics Group

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #20 on: May 25, 2021, 12:35:24 PM »
West Is Buying “Chinese” Cryptocurrency

This time, Chinese government is putting pressure on cryptocurrency miners and investors through commercial banks and financial institutions: clearing, payments and cryptocurrency insurance are under a ban. Despite foreign registrations, the biggest Chinese crypto exchanges have reduced the list of services, and the crypto market has shrunk by $1 trillion in two weeks.



The leader of the Chinese market is Huobi with $18 billion worth of daily trading volumes, the second is OKEx. Given the issues at hand, Huobi has stopped providing leverage to new users “from several countries and regions” – for which read, China; and OKEx has closed its trading pairs with Yuan, starting from Monday, 24th May. Huobi with its 8th by capacity mining pool in the world is closing access to the residents of continental China.



The Chinese negativity has triggered a cryptocurrency sale with a subsequent conversion of stablecoins into Yuan, which caused 12% volatility in USDT/CNY. While Chinese traders were trying to sell their cryptocurrencies and get Yuan, while it still was possible; Western investors were buying the devalued coins. Glassnode reports that the whales (10,000 to 100,000 BTC) bought 123,588 BTC during the downfall. The buying was mainly going in the U.S. as Bitcoin was trading with a premium of $3,000 during the fall, compared to other crypto exchanges.



China accounts for around 50% of the world’s hashrate and 60% of perpetual future contracts volumes. Another series of persecution of miners and investors can cause global changes in the structure of the world’s crypto finances. In early November 2020, the Director of National Intelligence John Lee Ratcliffe wrote an address to the SEC Chairman Jay Clayton suggesting allowing American companies to compete with China in the field of digital currencies. Possibly, in the near future the USA will lead the way in terms of hashrate and cryptocurrency trading volumes.


Analytical group StormGain

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #21 on: May 26, 2021, 11:55:54 AM »
Don’t drop the ball on DOGE: why the profit potential of the meme crypto has never been higher

Dogecoin (DOGE) is wagging its tail once again as Elon Musk promises to teach devs new tricks. To celebrate the stunning rise of the canine cryptocurrency, crypto exchange StormGain is offering Doge along with a one-of-a-kind bonus to its unique Bitcoin cloud miner. Just head over to StormGain, register and enter the promo code DOGESG to get free 5 USDT in the StormGain Cloud Miner, which earns you free BTC while you trade.

After a less than stellar performance on Saturday Night Live during which the most hyped cryptocurrency received only a passing mention, you might be forgiven for thinking that Elon Musk had also only been joking about Dogecoin, but don’t be too quick to discount the Dogefather.

While Musk’s lukewarm SNL spot sent Doge down with its tail between its legs, a new Twitter comment from Elon on Thursday, which said that Tesla and its CEO are “working with Doge” developers to “improve system transaction efficiency,” resulted in 22% gains over a 24-hour period for the canine cryptocurrency as it clawed its way back to 0.52 USD at the time of writing. This dog’s still in the fight, and according to experts, has yet to have its day.

“Dogecoin is an unforgettable part of crypto’s story,” said Alex Althausen, CEO of the StormGain crypto platform, “it comes from the same playful internet culture that created crypto in the first place and that’s why creative thinkers like Musk are always going to be supporting it. But what we see happening now is Dogecoin moving beyond its meme status, potentially getting an upgrade and seeing adoption in big tech. This is a really special moment for Doge, and the right time to invest in the coin before the next big jump. We could see this early on, that’s why we’re proud to offer DOGE ahead of many of our competitors.”

StormGain offers several unique advantages for trading Dogecoin and other digital assets. The crypto exchange platform is extremely user-friendly, packing easy-to-understand but powerful charts, signals and analytical tools into both its web platform and mobile app. Furthermore, StormGain operates on a profit-sharing model - users only pay commission on profitable trades. But its most unique feature is its integrated Bitcoin cloud miner that gifts BTC to its users just for spending time on the platform. By using the aforementioned code, you can get a head start on earning BTC while you trade DOGE, Tesla crypto stocks, and over 55 other crypto instruments on StormGain with up to x300 leverage. Don’t miss out, the countdown has started and DOGE is about to lift off!

Altcoins Talks - Cryptocurrency Forum

Re: StormGain is a crypto trading platform for everyone.
« Reply #21 on: May 26, 2021, 11:55:54 AM »


Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #22 on: May 27, 2021, 03:43:10 PM »
Millions of Subscribers Lose Millions on Musk’s Tweets

Is Elon Musk the godfather of cryptocurrencies or an evil genius chasing his own interests and holding the public on a doge leash. A former SEC analyst Marc Powers believes that the regulators should check Musks crypto tweets.



In September 2018, Elon Musk was already accused of fraud by the US Securities and Exchange Commission (SEC) for publishing false and misleading tweets. Tesla and Musk agreed to pay $20 million each for a pre-trial settlement. Those funds went to the treasury, but the shareholders did not get compensated for the alleged financial losses. Elon was also obliged to coordinate his tweets about his company.

In 2019, the U.S. Federal Trade Commission issued a list of normative requirements for influential individuals and celebrities: they had to publicly report their profits associated with the recommendations of products. Thus, Floyd Mayweather and DJ Khaled have been called to account for cryptocurrency PR, but Elon Musk has somehow escaped the regulators’ sight.



In the recent years, Elon Musk has been actively promoting Dogecoin and has even suggested making it the Mars cryptocurrency. As a result of this PR campaign, the meme coin became a top 7 cryptocurrency by market cap (the 4th at its high), and now 29% of Americans know about Dogecoin, while only 21% know about Ethereum, according to the polls of Harris Poll and CouponCabin.



Elon Musk believes that it is enough to increase the block size of Dogecoin 10 times to make it the number 1 crytpcorrency. Vitalik Buterin responded to this, saying that it would be impossible to implement such a change without massive centralization of the coin, which will destroy the basic value of the blockchain network. Elon simply laughed it off:



The former SEC analyst Marc Powers believes that the regulators should more rigorously inspect Elon Musk’s posts as his actions can lead to multimillion losses of his subscribers. Besides, Elon Musk’s words can also hold personal interest.

When Bitcoin reached the $60,000 mark in March and became one of the most popular search queries, Tesla announced that it would sell its cars for the cryptocurrency. However, chasing the hype, Elon Musk did not take into account that the top officials of China – the biggest car market – did not favour cryptocurrencies.

Tesla instantly became an objectionable company, and Mode3 sales dropped by 30% in China in April. (this was officially explained by a general slump on the electric vehicles market). Musk had to reverse his stance on Bitcoin, acknowledging its negative environmental effect, and rejected to accept it as payment, bringing down the crypto market and setting crypto enthusiasts at odds with himself. But New York Times twice spoke about the Bitcoin energy consumption problems in 2018, so there was nothing new about it.

We will not go into the rumours of Elon’s savings in Dogecoin, however we have to agree with Marc Powers: Musk has got a large fan audience that can act to its detriment under his influence. Elon has failed to boost Tesla’s sales on the wave of Bitcoin’s popularity, and he has quickly turned away from that idea. And those who bought Bitcoin at its highs with leverage, have found themselves down in the gutter.


Analytical group StormGain

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #23 on: June 01, 2021, 12:49:33 PM »
NFT Market Benefits From Cryptocurrency Crash

In May, the capitalisation of the cryptocurrency market cap fell by 42% or around $1 trillion. As a result of the retracement, about $1 million leveraged trades were liquidated. However, the NFT market continued to grow: compared to January, the trading volumes jumped by 277% to $5.8 million per day. The recent crash has given NFTs a second wind.

An NFT is a non-fungible token that serves as an equivalent to a certificate or a signature. It can be linked to a digital artwork or legal transaction parameters, but it cannot be falsified or changed. The convenience of using NFTs has already been appreciated in digital art: these tokens have been sold at Sothbey’s and Christie’s auctions, and Mike Winkelmann’s image was sold for $69 million.



The advantages of NFTs include the transparency in buying and selling artworks, a quick identification of the true owner, the possibility to include additional parameters (such as royalty payments to the author from each resale). The cost of the token is normally the same as a transaction in the Ethereum network (most of the NFTs are built on the ERC-721 standard of Ethereum’s blockchain).

A large transaction fee would scare away many participants from creating their own NFTs as the average fee reached $70 in May.



Ethereum’s problem is in the uniqueness of smart contracts, which caused an explosive growth of the NFT and DeFi markets. Because of the increased workload, the commissions would have continued to grow, but May’s market crash cooled them down – the current commission is around $8.

A relatively low commission will allow startups and young artists to use NFTs more actively for promoting their artworks. Thus, GameStop is planning to enter the NFT market, after having received support from general public earlier this year. The company has launched a site nft.gamestop and opened vacancies in the fields of cryptography and design. Another example is Christie’s auction where the works of 19 modern artists and even a fashion film by Gucci will be sold.



Being more practical and universal, Ethereum is recovering faster than Bitcoin. The continuing NFT market’s growth will give NFTs more support.


Analytical group StormGain

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #24 on: June 09, 2021, 01:35:39 PM »
Why MATIC’s 8,500% Growth in One Year Is not Ceiling

In May 2021, the cryptocurrency market underwent a considerable setback. However, MATIC (Polygon) saw +118% growth despite the general dynamics. This exemplifies not the coin’s strong positions in the market but also the ability of certain projects to resist the market’s setbacks.



Ethereum’s basic problem is its network’s high congestion and its slow proof-of-work protocol. As a result of the smart contract rush, its transfer fees rose above Bitcoin’s network fees, reaching $69.50 pm average. MATIC solves this problem by increasing transaction throughput to 65,000 transactions per second with a fee of $0.001.

MATIC was created to be integrated with Ethereum as opposed to the ‘Ethereum killers’ Polkadot and Solana. That’s why MATIC was a bigger winner in the rally experienced by the DeFi market, most of whose platforms are deployed on Ethereum’s network.



Currently, MATIC’s capitalisation stands at $9 billion, ranking it 17th overall. In May, the number of Polygon’s daily active users grew from 7,500 to 28,900. In addition, Aave recorded a 156% growth in the number of addresses after it integrated with Polygon, which made it the number 1 platform among DeFi projects.



On 26 May, reports emerged that Mark Cuban — the billionaire owner of the Dallas Mavericks basketball team — had invested in MATIC. The sum was not publicly revealed, but on 27 May, Polygon’s co-founder spoke of a ‘significant investment’ being made.

The DeFi market grew 60-fold in one year. Users don’t want to pay $10 per transaction, so the demand for low-fee solutions will grow. The only thing threatening Polygon is Ethereum’s transition to a proof-of-stake protocol. However, Vitalik Buterin has said that 2022 is the closest mark, and a full network deployment might take about six years. Until then, the huge difference in fees and transaction speeds will help MATIC’s growth.


The StormGain Analytics Group

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #25 on: June 10, 2021, 05:51:44 PM »
MicroStrategy Goes All-In, Averaging Down Its Bitcoin Buys

Experienced traders know that the averaging down strategy can be dangerous. However, MicroStrategy's analysts believe that the market setback is a good opportunity to increase position volumes. But how much risk does this game incur?

Averaging down means buying more of an asset when the price is falling. If you buy Bitcoin at $60,000 and $40,000, the average price paid is $50,000. In this scenario, the investor makes a profit if the price goes above $50,000 but doesn't reach the initial buying price of $60,000.



If you're confident the price will increase, things look good. Problems arise, however, if the price drawdown continues or consolidation occurs over an extended period. Classic trading and investment literature suggests closing your position if the fundamental base has changed or the risk exceeds the expected level. But that's well and good if you're managing someone else's money.

MicroStrategy is a publicly traded company that borrows funds by selling its stock for quality capital management. When it's successful, all shareholders receive profit through dividends and higher stock prices. However, a shortage of funds for operating activities would threaten the company with bankruptcy and its investors with the loss of their investment. The company's management decided to walk on thin ice when it announced a $400 million bond issue maturing in 2028 to buy Bitcoin again.

This is not the company's first purchase of the cryptocurrency with additional collateral. It also issued $1 billion in debt securities in February when it bought Bitcoin at an average price of $48,000. Presently, MicroStrategy is one of the biggest public holders of Bitcoin, with a total of 92,079 BTC. However, a company's general financial condition can be properly assessed by its stock prices:



Bitcoin doesn't have to dive too low to swallow up buyers like MicroStrategy. If Bitcoin's price consolidates for a few years, the company will be unable to repay its debt.

Institutional investors caused the 2020 rally, but they also overheated the cryptocurrency market by pumping large sums of borrowed funds into it. Young retail investors already felt the power of a cryptocurrency storm when all leveraged positions were liquidated in May. Is it time for the big fish to follow suit?


The StormGain Analytics Group

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #26 on: June 11, 2021, 12:47:36 PM »
Simple trading strategies for the crypto age

Congratulations on your decision to begin trading what is perhaps the most lucrative asset class in existence! There’s no denying that crypto has created more millionaires than any other instrument type in recent years. Experts believe this growth is set to continue well into the future. But while there certainly is a lot of money to be made in cryptocurrencies, your chances of doing so are pretty slim if you don’t devise and stick to a proper strategy.

With all this talk of huge profits for Bitcoin traders, it’s easy to forget that their gains are other people’s losses. When someone makes $500,000 on BTC in a day, that means somebody else (or several other people) have lost just as much in the same amount of time. Extreme volatility means extreme risk and opportunity. Striking the right balance between the two is absolutely imperative. A solid trading approach is hands down the most practical way to achieve this. Here are two easy strategies depending on your personal risk appetite.

Tether-cost averaging

This simple strategy comes from the world of value investing and has been used by equities investors for decades, where it is known as Dollar Cost Averaging (DCA). You know what they say: if it ain’t broke, don’t fix it. Cost averaging is perfect for cautious newbies or die-hard hodlers alike because it protects you from the market’s ups and downs while also giving you a handsome average return. Let’s say, for example, that you buy $150 in Bitcoin once every Monday from 1 January 2018, spending a total of $26,700 and resulting in 5.07 Bitcoin (worth $190,217 at time of writing). If you’d spent $26,700 on Bitcoin all on 1 January 2018, you would’ve ended up with just $64,080 worth of Bitcoin (1.6 BTC). As you can see, the power of DCA is incredible, especially over extended periods of time. It requires patience and commitment, but the rewards in compound interest and prime buying opportunities make it well worth your while.

RSI divergence

If you’re a bit more ambitious and fancy trying your hand at day trading, this is a good entry-level option. As you probably know, the Relative Strength Index (RSI) tells us when an asset is overbought or oversold. That gives us an idea of whether it is likely to fall or rise, respectively. The RSI divergence strategy goes further by looking at discrepancies between the price and the RSI indicator, which allows it to identify when the price trend will change direction before it actually happens. Typically, both the price and the RSI move almost in lockstep. However, the price might occasionally trend down while the RSI rises and vice versa. This signifies a subtle shift in buying or selling volume and is a strong signal that momentum is in the early stages of reversing. The four-hour or daily charts are the best places to look for divergences because they show stronger shifts in the mid-to-long-term trend. StormGain allows you to overlay the RSI directly onto the in-app instrument chart to make your analysis even easier. Once you spot a buying opportunity, you can open a trade without having to switch tabs.

No substitute for practice

Before you even consider trading Bitcoin, Ethereum or anything for real, you simply must have some practical experience under your belt. A great way to do this is via a demo/practice account, which is pretty much the same as the real thing, except that you’re only trading imaginary money instead of your own hard-earned cash. One platform that offers a generous $50,000 USDT demo account is StormGain. With a balance like that to play with, you can try out a whole range of different strategies until you find one that suits you. Apart from honing your general approach, demo accounts also give you valuable experience with Stop Loss/Take Profit orders and leveraged trading. This means that when you start trading on a live account, you can avoid the costly teething problems that plague new market entrants. And if you simply can’t wait to get going, StormGain’s cloud miner offers a great, risk-free way to build up your Bitcoin balance while you prepare yourself for the big leagues. Just leave it running and wait for your payouts to start rolling in!

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #27 on: June 16, 2021, 03:04:07 PM »
Inflation Is Boosting Interest in Gold Tokens

The Bitcoin rally of 2020 was caused by institutional investors who expected the U.S. dollar to lose value. The cryptocurrency is still seeing a 300% profit year-over-year, but its recent setback has pushed some investors’ interest towards tokens pegged to gold.

Despite the optimism of U.S. Federal Reserve Chairman Jerome Powell, inflation continues to grow above market expectations, hitting 5% year-over-year in May.



Prices are rising on everything, including food, construction materials and real estate. Meanwhile, some industries are experiencing a labour shortage, which is causing wages to grow. That, in turn, is further accelerating inflation because workers are earning more and thus spending more on services and products.



A number of investors are scared of Bitcoin’s volatility, preferring tokenised gold instead. Gold tokens are issued in the ERC-20 standard, which gives them protection and a high degree of cryptographic protection. Until recently, the token issued by Tether was in the leading position before institutional demand pushed PAX Gold to first place.



PAX Gold was issued in September 2019 by Paxos, a company licensed by the New York Department of Financial Services. According to data compiled by Arcane Research, the token’s capitalisation sits at over $263.3 million.. Every purchased token is backed by physical gold and is held separately from the company’s assets.



Investors are looking for ways to protect themselves against inflation. One traditional way of doing so is by investing in gold, which has more liquidity and smaller commissions compared to an unallocated metal account (UMA). Inflation growth will cause another rally in the precious metals market, and the 3,000% growth gold tokens have seen over a year and a half confirms the interest in this asset class.


The StormGain Analytics Group

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #28 on: June 21, 2021, 04:59:59 PM »
United States Space Force Launches NFT

While some are debating the practicability of cryptocurrencies and trying to define their legal status, others are expanding their area of application. This is how Porsche, the French Football Federation and the United States Space Force are entering the NFT market.

NFTs are non-fungible tokens that provide copyright protection and an easy way of transferring ownership using blockchain technologies. Most often, NFTs are used on the Ethereum blockchain, which is one reason why Ethereum is growing faster than Bitcoin this year.



At the end of 2020, the NFT market was valued at $338 million. Presently, that number’s well above $1 billion as more companies want to use NFTs for promotional purposes. The first to discover the practicability of NFTs were digital artists. Athletes then followed suit with a vast array of merchandise for monetisation.

One of the biggest events of the year is the European Football Championship. The French Football Federation (FFF) became one of the first five football associations to conclude a licencing agreement for digital collectables. NFTs with the France internationals were listed on the Sorare platform. The token’s price depends on the player’s performance. The platform’s record was set by the Cristiano Ronaldo token that sold for $290,000.

Carmaker Porsche decided to get in on the excitement around digital cards, too. The company announced the launch of its own Fanzone platform.



Porsche decided to make the most of the recent trend and offered footballer NFTs, not sports cars of their own production. Currently, there are only the players from Germany’s men’s and women’s national teams.

Surprisingly, the US Space Force (USSF) has also joined the battle for digital collectors with the help of the Ethernity Chain project. They plan to issue tokens pegged to interactive 3D models of launch vehicles, Earth satellites, spacesuits and other space industry products. The NFTs will be sold at an auction, and the starting price of most of the art will be $1.

After recognised Bitcoin as legal tender, El Salvador has gone down a revolutionary path that the world’s financial regulators disapprove of. NFTs are following the evolutionary path, gradually integrating into everyday life and enhancing people’s interaction with the digital world. The CEO of NVIDIA, Jensen Huang, believes that the world is on the verge of the metaverse when the digital world will be put atop reality with the help of VR devices, and NFTs will become a functional bridge between the two.


Analytical group StormGain

Offline stormgain

  • Sr. Member
  • *
  • Activity: 522
  • points:
    25900
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 27, 2024, 10:59:17 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    500 Posts Third year Anniversary Karma Good
Re: StormGain is a crypto trading platform for everyone.
« Reply #29 on: June 24, 2021, 02:49:23 PM »
The NFT bubble has burst, but BTC and Co. are still the best buy

The crypto world is crashing, or so some say, and not without some schadenfreude as they point towards two recent dramatic dips in the charts — namely, for NFTs and Bitcoin. This has prompted the crypto-critical to decry not only on NFTs as a ‘scam’ but to point fingers at the crypto market as a whole. But it’s not an attitude subscribed to by those in the know. Crypto exchange StormGain, a popular mobile and web platform for buying, selling and holding cryptocurrency, has counselled the crypto-curious to keep it classic and focus on a silver lining for crypto coins.

At the time of writing in the second week of June, weekly NFT sales total up to a sobering $9.5 million. The beginning of May saw the NFT market reach a peak, with $102 million worth of Non-Fungible Tokens sold on 3 May. It seemed like everyone was rushing to turn any piece of internet ephemera — from memes to clips to posts — into NFT ‘art’ and make bank. Fast forward to the last week of May, and we’re looking at a different story. According to Nonfungible.com, only $19.4 million in NFT sales was processed, a 90% drop compared to the $170 million in NFTs transacted the week of the peak. The downward trend is continuing in June, although not quite as dramatically.

The NFT crash is an event that coincided with a big drop in Bitcoin’s value. The original cryptocurrency has been trapped in a bear market since mid-May and currently stands at $36,000. For better or worse, BTC usually stands in as the barometer for public confidence in crypto as a whole. Despite BTC taking a hit, altcoins — which is basically every other cryptocurrency, from the well-known such as Ethereum and Ripple to new market darlings such as Dogecoin, Cardano and Pancakeswap — have been thriving in crypto exchanges in recent weeks. Bitcoin’s price remains high even during the dip (remember BTC for $6,000 in March 2020?), and the coin is lightyears ahead of where it was during the 2010s. By contrast, while NFTs themselves aren’t completely brand-new, the bubble that grew during their time in the public consciousness only lasted around four months, which is hardly comparable. In short, while would-be crypto art collectors might be clenching their teeth right now, cryptocurrency traders have nothing to fear. In fact, it’s a time of opportunity.

“What we’re seeing is not so much a crisis of confidence but more a correction that will turn out to be healthy in the crypto space,” said StormGain CEO Alex Althausen. “Cryptocurrency is growing, evolving and becoming more profitable than ever, and this can lead to these inflated hype cycles, opportunism, sure. But in the long term, holding and trading digital assets remains a fantastic way to build wealth. The key is seeing crypto as a wider ecosystem: you invest broadly, you have a resilient portfolio, and you don’t get dragged along by rises and dips. You make them work for you. That’s why we’ve been focused on expanding two big things: a range of assets so that clients can really diversify and the in-depth knowledge base that helps people understand crypto market behaviour”.

The CEO went on to describe a key distinction between actual cryptocurrencies and NFTs. The digital instruments on StormGain all have actual real-world technological applications and are not subject to the fickle tastemakers of the art and collectables market. As blockchain adoption increasingly becomes the norm in the finance world, cryptocurrency isn’t going away. While NFTs resemble trading cards, Bitcoin and other cryptocurrencies are more like oil, stocks or gold; they play a much more important role in the economy.

Just like with stocks and gold, market trading is a game of short-term tactics and long-term strategies. That also holds true for digital gold: to play the long game, it helps to know the nature of the market as thoroughly as possible. To that end, we invite you to research thoroughly and remember to build a diverse portfolio for trading! StormGain’s educational resources are packed with information for beginners and experts alike and are a great place to start. For anyone who is curious to try the trading app in action, the platform also offers a wide range of assets, including crypto indices for risk management. You can try StormGain’s free demo account and practise trading in real market conditions to test its training materials for yourself.

The current cryptocurrency dip provides a great opportunity to buy and build wealth in the long term. As for NFT art, well, who can really put a price on beauty?

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod