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Author Topic: StormGain is a crypto trading platform for everyone.  (Read 28802 times)

stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #225 on: August 30, 2022, 10:46:54 AM »
Fasten your seatbelts: whales pour ETH into crypto exchanges ahead of merge

September will be an exciting month for the crypto industry: the experiment to migrate the leading altcoin to PoS is nearing a climax. The developers have confirmed that the merge migration will happen between 10 and 20 September, once the network's target difficulty threshold (TTD) has been reached.



This solution has benefits and drawbacks. The benefits include a significantly reduced environmental impact, as this will end mining and reduce the power consumption of the network by 99.95%. In 2021, the high environmental impact of cryptocurrencies was on the agenda, with Elon Musk using this as an argument for not accepting Bitcoin as payment for Tesla.

The main drawback, however, is what the cryptocurrency community calls the risk of censorship of the network and the loss of decentralisation. The problem echoes the recent of blacklisting wallet addresses associated with crypto-mixing service Tornado Cash by USDC issuer Circle. Following allegations by Tether, Circle took retaliatory action before receiving orders from the financial regulator. Why Tether doesn't look much better in this situation than in our previous article (https://stormgain.com/blog/stablecoin-market-is-under-usa-control).

Ethereum users on PoS must invest in blocks of 32 ETH to run their node and participate in the stacking process. For many crypto-enthusiasts, freezing $53k at current prices is untenable.



The solution is to use third-party aggregators, which aggregate blocks from small amounts and share the returns from staking with investors. The second largest player in ETH 2.0 is Coinbase, with a 15% stake and 2 million ETH locked up. It is a US-based cryptocurrency exchange that strictly complies with US law. If the Ministry of Finance issues an order to censor addresses or block users, there is a high probability that the crypto-exchange will comply with the order.

The increase in centralisation will be impacted not only by the growing importance of the big players, but also by the easier way to enter the blockchain market. While setting up a large-scale mining centre is limited by the availability of computing equipment and the high power requirements, PoS is all about investment volumes.



The situation around Tornado Cash has only exacerbated fears surrounding Ethereum's migration to PoS. For this reason, many analysts predict that ETH will drop in price following the merge. This prediction is supported by the actions of whales: the top 10 non-exchange addresses dropped a combined 2.9 million ETH at the same time as inflows to cryptocurrency exchanges exceeded 3.9 million ETH. Whales are gearing up for increased speculative interest in order to sell coins without collapsing the price with their actions.

It is fair to say that while PoS does increase the risks of centralisation, PoW is still associated with censorship concerns. For example, Ethermine – a leading Ethereum mining pool with a 25% stake – has already enabled filtering associated with Tornado Cash transactions.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #225 on: August 30, 2022, 10:46:54 AM »


stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #226 on: August 31, 2022, 12:20:14 PM »
Fed strikes markets: US stocks lose $1.3 trillion as crypto drops $0.1 trillion

After US inflation fell from 9.1% in June to 8.5% in July, many investors became hopeful that the regulator would soften its stance and hold off on another rate hike until the end of the year. However, Fed chair Jerome Powell and his colleagues have preserved their hawkish sentiment, naming the fight against rising prices their number one priority.



Interest rates are one of central banks' key monetary policy tools. Simply put, as interest rates rise, credit becomes more expensive for businesses and ordinary people, which leads to an economic slowdown. Then, as the economy cools down, inflation slows.

The flip side of this economic slowdown is rising unemployment and social tensions. This requires regulators to ensure that their monetary policy decisions are balanced. Unemployment was a leading theme in Powell's speeches last year, while inflation was deemed "transitory".

On 26 August, at the Jackson Hole Economic Symposium, Powell gave a clear sign that bringing inflation under control was now of primary importance. He is prepared to allow a certain degree of unemployment and financial turmoil since "a failure to restore price stability would mean far greater pain". In other words, the Fed will continue to raise rates until it begins to see results.



These hawkish comments from Powell – a man who is typically known for his soft policy and penchant for ambiguity – led to a slight panic in markets. As a result, the US stock market had $1.25 trillion wiped in a single session, with crypto losing $0.1 trillion over the course of the same day. Bitcoin has been in a downtrend since Friday and has fallen 8%.



July's inflation numbers will be released on 13 September, while 21 September marks the date of the Fed's next rates meeting. There is currently a 71% probability consensus for a 0.75% increase. This is quite a significant move, especially given that in more prosperous times, the regulator would take more gradual steps of 0.25%.

Rate hikes this year have already led to a sell-off in a wide range of risk assets, with the US Dollar Index close to a 20-year high. Should this forecast prove correct, we are likely to see Bitcoin cement below $20,000.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #226 on: August 31, 2022, 12:20:14 PM »
:)

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Re: StormGain is a crypto trading platform for everyone.
« Reply #227 on: September 02, 2022, 11:07:02 AM »
Institutional investors exit Bitcoin and invest in Ethereum

Institutional investors (predominantly companies with investments of $1 million or more) are opting to invest in exchange-traded instruments, buying ETF units or shares in investment trusts. Rigorous reporting makes overall sentiment easy to track.

Since March, for example, total assets under management (AUM) have halved to $25.8 billion.



Meanwhile, institutional investors have recently been pulling out of Bitcoin and increasing their positions in Ethereum. In August, the average weekly outflow from Bitcoin was $14.9 million, while Ethereum saw an inflow of $6.4 million.



To safeguard investments against macroeconomic headwinds, institutional investors are investing in Ethereum and shorting Bitcoin ETF. The latter position earns on falling Bitcoin prices. In this way, investors are offsetting the impact of the US dollar on the crypto market by buying ETH over BTC. Over the past two weeks, investments in the short Bitcoin ETF from ProShares have increased by 70%, reaching a record high of 4,310 BTC.



Things are much simpler in the perpetual futures market, as traders deal directly with the ETH/BTC pair. In the past two months, it has risen by 40%.



The increased interest in Ethereum is due to the platform's upcoming transition to the Proof-of-Stake algorithm, which will take place in mid-September. The cryptocurrency community is divided into two camps. Some are predicting a bright future for Ethereum and that it will rise to the top spot in the overall capitalisation ranking. Others are warning of risks of increasing centralisation and a significant loss of market share for the leading altcoin.

Clearly, September will be a volatile month, with institutional investors ramping up purchases and whales gearing up for a provocation. The top 10 players sold a total of 2.9 million ETH, while cryptocurrencies saw an inflow of 3.9 million ETH.



Apparently, the whales plan to take advantage of the investment frenzy to sell some of their holdings without causing panic in the market.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #228 on: September 05, 2022, 12:59:21 PM »
Bitcoin investors suffer their worst losses since 2018

The pressure on the cryptocurrency market persists, coins are increasingly less likely to stay in wallets, and the rate of new users is close to multi-year lows. In the past 10 years, investors suffered their most substantial losses in 2018.



Following speculators and 'tourists', medium-term Bitcoin holders (i.e., with a 5-month or longer coin history), who prefer to sell when the market rises, have been heading for the exits. As a result, cumulative investor losses in recent weeks have reached 0.28% of market capitalisation per day. This figure was only worse in 2018 when it approached 0.35%.

Due to the shaken faith among some of the 'Bitcoin will rapidly recovery' crypto enthusiasts, coins are increasingly changing hands. The situation is typical for a deep bearish market, where investors try to enter at the lowest price but offload coins as soon as the price rises slightly or returns to the level they were bought at.



The increased volume of leveraged trades creates the risk of greater volatility, as demonstrated by the historically high open interest rate ratio. In the open-ended futures market, traders are increasingly opting for leveraged trades. In the event of a sudden price decline, this will lead to a short squeeze (forced closing of positions by the exchanges) and add fuel to the fire. For Bitcoin, the rate is 0.02, and for Ethereum, it's 0.03. Because of the upcoming merger, speculative interest in Ethereum is much higher.



A curious warning of a further price drop came from two transactions, each for 5,000 BTC that remained untouched since 2013. An unknown whale sent coins to a large number of addresses not linked to crypto exchanges. The statistics record only six such episodes, and each time, these large transactions occurred at local highs.



The key drivers of the cryptocurrency market's decline remain the challenging macroeconomic environment, some crypto project bankruptcies and monetary policy tightening by leading central banks. Due to the increasing share of leveraged trades, higher market volatility is expected soon.


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stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #229 on: September 06, 2022, 12:47:36 PM »
Cardano poised for breakthrough after major upgrade

ADA (Cardano) was one of the few coins to remain stable after the May sell-off. This is due to the upcoming Vasil upgrade, which will allow developers to create more efficient dApps thanks to the optimization of smart contracts. In anticipation of future growth, sharks are actively buying up ADA, which has propped up its price for the past two months.



The inclusion of support for smart contracts came as an unpleasant surprise to the community and investors, as expectations ran counter to reality, and a year ago the network experienced significant congestion following the Alonzo update. The release date of new projects has been postponed and the coin's price has dropped from $3 to today's $0.45.

But things should pick up after Vasil's major upgrade, which was pushed back from June to September. Developer Charles Hoskinson assured users that he does not anticipate further delays to the Vasil hard fork, despite the scale and complexity of its implementation. Many things will change, from the programming language to the consensus protocol.



Hoskinson has promised that this will result in Solana-like performance by the end of 2022. So far, Cardano has very little to boast about: DeFi has locked funds totalling $82m, compared with $1.5bn for Solana.



However, the community is still confident in the blockchain, as demonstrated by a recent Cointelegraph survey.



For the same reason, Robinhood recently announced the listing of Cardano, and mid-September will see the launch of Aada Finance, a new DeFi platform built on the Cardano blockchain. In addition to the standard lending and borrowing and protocols, Aada will offer its users NFT bonds.

Hoskinson is not alone in expecting a significant increase in network usage following the deployment of Vasil. Sharks (10k to 100k ADA) added 79m ADA July and another $138m in the first week of August.



If the upgrade goes smoothly and leads to the expected results, Cardano stands a good chance of reversing the long-term downtrend. The hardfork is expected in mid-September.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #230 on: September 07, 2022, 02:09:33 PM »
NFT trading volumes down 99% from May peak

Since many users consider NFTs to be an investment, this asset class fell out of favour following the recent significant declines in the crypto market. Trading volumes are now 99% down from their all-time highs, while daily sales have dropped by 85%.



In the autumn of 2021, some days saw over 200,000 NFTs change hands. Now, this figure has dropped to 30,000. The most sales per day were recorded on 1 May, with a total value of $812 million. Now, daily turnover rarely exceeds $10 million.

When it comes to trading platforms, OpenSea still holds the top spot with a total turnover of $32 billion. Out of those $812 million traded on 1 May, the platform processed $406 million. All of OpenSea's other indicators align with the general market trend. In monthly terms, the turnover for the year decreased by 90%.



Out of all blockchains, Ethereum is still the most used, with $29 billion in sales or 74% of total volumes. The decline in the NFT market caused the network commission to drop to its November 2020 level of around $1.50 per transaction on average. Of the top 30 NFT collections, 27 are based on Ethereum..



The NFT collection top spot is still occupied by the Axie monsters of the eponymous play-to-earn game, while second and third place are shared by CryptoPanks and the Bored Apes (BAYC).



Collection prices have also come under pressure. The BAYC ape has dropped 55% to 70 ETH over just four months. However, for patient investors, current trends are of no serious concern. For example, ape No. 5383, valued at just $242,000 (95 ETH) a year ago, was sold for $1.5 million (777 ETH) on 17 August.



But what do you think: can NFT collections really be considered an investment vehicle? Share your opinion in the comments!


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stormgain

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Re: StormGain is a crypto trading platform for everyone.
« Reply #231 on: September 09, 2022, 10:10:16 AM »
GPU-based mining will never be the same

As soon as next week, Ethereum could move away from miners' services when it shifts the burden on validators. Public mining companies are looking at altcoins to reconfigure their equipment to. According to White Rock CEO Andy Long, GPU mining will never be as profitable as it was in the past two years for Ethereum.



In mid-2021, Ethereum miners' earnings consistently exceeded those of Bitcoin miners. The reason for this was the large reward for transactions in terms of overall income. As such, in February 2021, it reached 52%, while the absolute high was in May 2021, when miners earned $1 billion in one month on commission alone. According to the mining company Hive, which mines ETH and BTC, mining an altcoin is 3-4 times more profitable when factoring in megawatts spent.



Despite Ethereum's significant drop and the high computing difficulty, mining it is still the most profitable. Alternatives offer a return only half as large. The profitability calculator promises $2.34 a day for ETH and about $1 for mining ETC or ETP.



However, these numbers will also be tested when the army of ETH miners begins to migrate to other coins, thereby increasing the hashrate and computing difficulty. On the other hand, decentralisation and resistance to potential attacks will grow, which will positively affect the investment valuation. In two months, Ethereum Classic has more than doubled after developers set mid-September as the final date for the merger.



Due to the expectation of a drop in the profitability of GPU mining, a number of miners are already getting rid of graphics cards, which is leading to a significant price drop in the secondary market. Andy Long believes that the prices will fall even more since supply will soon exceed demand.



The transition to PoS is expected to take place on 15 September. The main tests have already been conducted, and 76% of node operators have already updated their clients to the latest version.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #232 on: September 12, 2022, 02:27:20 PM »
Crypto winter? Take a look at the Bitcoin hashrate

Despite the decline in the crypto market's capitalisation and several major projects' bankruptcy, Bitcoin's hashrate is close to an all-time high. Miners are still upping their capacity, thus increasing network security and stability.



On 31 August, the network's hashrate rose by 9% to 221.7 EH/s, which is close to the 11 May all-time high of 223.7 EH/s. Judging from the acceleration in block identification and the projected 1.5% increase in difficulty five days from now, miners are still putting new machines into use.

This situation appears at odds with Bitcoin's 72% crash from its recent record high and the subsequent decimation of public mining companies' share prices.



The paradox essentially boils down to some companies' excessive optimism and others' preparedness for turbulent times. Stronghold Digital Mining, for instance, put in a large ASIC farm order on credit last year in the expectation that the market would continue to rise. In August, they were forced to return 26,200 machines that they had put forward as collateral. The amount quoted in the liquidation agreement was $67 million. Shares in the company are now trading 25-fold below their all-time high.

Cleanspark, on the other hand, announced yesterday that it was buying 10,000 Antminer S19j Pro from Bitmain for $28 million. CEO Matt Schultz noted that the company was preparing for the crypto winter by boosting its capacity at bargain prices. In the space of less than a year, the company's hash rate rose by 300% to reach 3 EH/s, and it currently mines 13.25 BTC daily. Cleanspark's stock is also trading at a significant discount on early 2022 prices, but this latest news saw it shoot up 7.5% in a single trading day.



Overconfidence in the investment prospects of mining companies arose as a result of the 2020-21 rally when prices rose steeply against the cost of mining. Some firms had counted on the growth continuing and so took out loans, seducing investors with promises of high returns. Others were ready for the ensuing market cooldown.



A similar trend can be observed in miners' capacity to accumulate Bitcoin. The companies with the strongest business model are holding on to their mined coins in the hope of selling them at a higher price. Those with weaker hands are forced to dispose of their Bitcoin at the worst possible time since the general market decline has provoked a severe deficit in operating capital. By increasing supply, they are putting further pressure on prices.



In the period of May-June, public miners sold more than they mined during these months. For example, the hashrate leader Core Scientific maintained its holding strategy, yet over this period, it sold 12,000 BTC, slipping from first to sixth place in the rankings in terms of reserves held.

It's hard to call what is happening right now a crypto winter. If anything, it's more like a stress test for companies and projects. Those with a strong business model are not just sitting on the sidelines but are actively taking the opportunity to strengthen their positions.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #233 on: September 13, 2022, 01:46:35 PM »
September poised to be the month of altcoins

For the last three months, Bitcoin has been trading in a relatively tight range between $18,000 and $25,000. A break below this level could come as early as September since Fed Chair Jerome Powell has already announced the need for the Fed to take "forthright and decisive" action. This comes as Ethereum and Cardano are preparing to revisit key levels.

The Fed's problem lies in the absence of any positive movement as it tries to rein in inflation. Despite raising its key rate 10 times since the start of the year (from 0.25% to 2.5%), price pressure remains worryingly high, far outstripping its 2-3% target rate.



Financial analysts are unanimous in their belief that the Fed will announce a consecutive 0.75% rate hike to 3.25%. The probability of it happening is estimated at 84%.



The influence of the US economy on the financial world is hard to overestimate since the US generates one-quarter of the globe's entire GDP, while dollars account for 59% of all international reserves and 39% of all cross-border payments.

As long as the Federal Reserve's key rate remains low, investments in developing nations' government bonds and risk assets like Bitcoin provide higher yields. As interest rates increase, the risk-to-reward ratio is reduced, and we see capital flows reverse.



On 13 September, the US inflation data for August will be released. Barring any significant drop, the 21 September will see the Fed take the decisive action Powell was talking about. Further hikes will put additional pressure on the cryptocurrency market.

Beyond the economic headwinds, Ethereum's upcoming transition to PoS and Cardano's Vasil hard fork will also have a negative impact on Bitcoin's investor appeal. As such, institutional investors are already moving out of Bitcoin funds (during August, weekly outflows stood at $14.9 million), while altcoin funds saw net inflows.



The most likely date for the Ethereum merge is 15 September, with a soft deadline set for 19 September. For Cardano, the hard fork is just as significant since the move is supposed to optimise the network's processing of smart contracts, among other important updates. Vasil is set to take place on 22 September.

One dark horse in the race is Ethereum Classic (ETC), as Ethereum miners are migrating predominantly to this coin after the merge. ETC is Ethereum's predecessor, a new symbol of decentralisation and a supporter of the "code is law" principle. The new PoS-based Ethereum risks having to contend with rising centralisation and transaction censorship as US crypto exchange Coinbase accounts for 15% of its total validator pool.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #234 on: September 14, 2022, 05:06:06 PM »
Bitcoin rises, Ether falls ahead of Merge

Bitcoin (BTC) jumped, but Ethereum (ETH) dropped at the start of the week, with a big event slated to have an effect on the cryptocurrency market in the next few days: the rollout of the Ethereum Merge.

The top cryptocurrency by market cap is currently trading at over $22,200, an almost 2% increase over the past 24 hours, as investors appear ready to take risks again. But it's a different story with Ethereum, the number two crypto, which recently took a 2% tumble to trade just below $1,700 on Monday and currently hovers around that range. Investors appear to be wary about the Merge, Ethereum's major upgrade from Proof-of-Work to Proof-of-Stake, that is scheduled for this Thursday.

It's possible that some traders are selling ETH based on the Merge hype, with a knock-on effect of driving Ethereum prices down while boosting BTC and the crypto market as a whole. While many altcoins were still struggling, there were noticeable surges in Solana (SOL) and Cosmos (ATOM), which jumped almost 25% after crypto research firm Delphi Digital transferred its R&D operations to the Cosmos ecosystem last week.



Bitcoin has been trading within a range of successive bear flags the year so far, so the recent upward move does not necessarily signal a bullish reversal. Positive signs to watch for include a daily high of over $25,000 or a breakout to the SMA 200 at $30,000 to signal a longer-term trend change. Keep an eye on Merge news, as high volatility is expected for ETH.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #235 on: September 16, 2022, 11:16:39 AM »
7 reasons why Wall Street is getting bullish on crypto

After some time in the doldrums, the crypto sector is facing its next major event in the form of the imminent Ethereum Merge, but that's not the only promising element on the horizon for digital assets. In fact, even institutional investors are seeing signs of recovery in the cryptocurrency space.

Top Wall Street investment firm Bernstein recently issued a note to investors which lists seven factors that could reignite the cryptocurrency market to regain or exceed its former heights. In the note, Bernstein analysts Gautam Chhugani and Manas Agrawal detail the potential catalysts behind the next crypto bull market.

1. The Ethereum Merge

Over the next few days, Ethereum (ETH) will switch from a proof-of-work consensus model to a more energy-efficient proof-of-stake system. While not everyone in the crypto community is in favour of the Merge, notably the PoW diehards that wish to fork their currency from Ethereum, the general outlook is that this will be a positive event for Ethereum and crypto as a whole. Bernstein shares this view and notes it as a potential growth driver for the cryptocurrency market.

2. Growth of rollups

The Bernstein list also highlights the fact that rollups, Ethereum layer-2 platforms that process transactions off the main network, have seen considerable growth in active users and on-chain liquidity. Rollups function as a way to lower costs and wait times and have become so popular for ETH transactions that they now make up around 15%-25% of all transactions on the Ethereum blockchain. Taking into account both the Merge and the growth of rollups, the next prediction by the Bernstein analysts might not seem so shocking.

3. Ether overtakes Bitcoin as the top cryptocurrency

Could Ether really take the throne that has tenaciously been held by Bitcoin (BTC)? It's not out of the question. After all, cryptocurrency as a technology is still young, and Bitcoin's rigid structure does not scale or take to innovation easily. Chhugani and Agrawal highlight how successful digital assets should be "innovation-driven" rather than "a macroeconomic asset class". They argue that Ethereum has the innovative drive to build the structure of the future digital asset economy.

4. DeFi makes a comeback

Despite all the turmoil that characterised the year 2020, the crypto community enjoyed the so-called 'DeFi summer', with these layer-2 chains attracting huge investments and paying out great rewards to users. The Bernstein analysts write that the improved scalability of these chains has made DeFi much more accessible and affordable, citing the use of rollups as a key booster for the DeFi sector.

5. Play-to-own gaming NFTs

After the initial wave of hype, NFTs are struggling to find a solid long-term niche, but digital items do have a natural home in the gaming sector. Play-to-earn crypto gaming, which rewards players with tokens, could evolve into a much more profitable play-to-own model, wherein players can use NFTs to certify ownership of valuable game items. The Bernstein team notes how "crypto games will have their own unique culture… Over a million NFT avatars will become playable characters across multiple interoperable crypto games". In support of this notion, the authors note how many talented individuals are migrating from the traditional gaming industry to Web3 gaming companies.

6. Token design focuses on long-term value

The Bernstein analysts are no fans of meme coins. Instead, they see the future of crypto in new tokens that are designed to offer real tech applications and long-term value accumulation. "More sustainable token designs will bring back retail interest in investing in application tokens," the authors noted.

7. Value accumulation at the application layer

Historically, blockchains accumulate value at the base protocol layer as opposed to the application layer. This is referred to by analysts as the 'fat protocol thesis'. However, Bernstein's note outlines how the increased scalability, lower transaction costs and renewed retail investor appeal of application tokens could ensure that the application layer of blockchains will see significant growth in the near future.

StormGain, your gateway to successful crypto investment

Do you agree with Bernstein's bullish outlook on Ethereum, rollups and application tokens? Whether you're in tandem with the Wall Street investors or want to bet against them, StormGain offers the best all-in-one crypto platform for trading, investing, staking and exchanging the most popular digital assets via our easy-to-use app and web portal. Not a StormGain user yet? Register in just a few seconds (https://stormgain.com/easy-start) and try a demo account to see how you can profit from our unique benefits.

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Re: StormGain is a crypto trading platform for everyone.
« Reply #236 on: September 19, 2022, 03:09:57 PM »
Is Avalanche (AVAX) a good investment in 2022?

Decentralised finance (DeFi) is a promising market that is attracting more and more attention due to its passive income opportunities. However, of the total number of cryptocurrency holders, only a small proportion are actively involved in the DeFi sphere. One promising DeFi project is Avalanche, which has a good chance of competing with Ethereum 2.0. Is Avalanchecrypto (AVAX coin) a good investment? In this article, we provide you with the information you may need to make your decision.

What is Avalanche (AVAX)?

Avalanche is an open-source smart-contract platform for running dApps and launching customised blockchains in a single, decentralised and scalable ecosystem.



Over time, people have come to a false understanding that blockchains have to be slow and not scalable after seeing the existing blockchains in action. The Avalanche protocol employs a novel approach to consensus to achieve its strong safety guarantees while achieving quick finality and high throughput, without compromising decentralisation. — Emin Gün Sirer, Co-founder and CEO of Ava Labs.

The origin of Avalanche

The Avalanche platform was created by Ava Labs, which was founded in 2018 by Cornell University professor Emin Gün Sirer and his colleagues Kevin Sekniqi and Maofan Yin.

The Avalanche project's white papers were published in 2019, the same year Ava Labs raised $12 million in a private token sale. Later, in 2020, it raised $42 million in a public ICO.

Avalanche's mainnet was launched on 21 September 2020.

Avalanche explained

The Avalanche Primary Network consists of three individual blockchains, which are validated and secured by all the Avalanche validators:

1. Platform Chain (P-Chain) coordinates validators, tracks Subnets and enables the creation of new Subnets;
2. Contract Chain (C-Chain) enables the creation of smart contracts. It's an Ethereum Virtual Machine (EVM) which means it can be used to run Ethereum-based dApps;
4.Exchange Chain (X-Chain) is a platform for creating and trading digital smart assets. Each may have its own set of rules governing its behaviour.

Avalanche Subnets are independent networks whose creators define their own rules for these networks regarding membership, tokenomics, compliance, etc. Validators of all custom Subnets must also be validators of the Primary Network by staking at least 2,000 AVAX.

The Avalanche ecosystem uses two consensus mechanisms: Avalanche and Snowman.

Instead of a blockchain, the Avalanche protocol uses the Directed Acyclic Graph (DAG), which allows the network to process transactions in parallel. There are no blocks in Avalanche: the protocol operates with parent transactions and vertices.

Validators send requests to each other randomly to determine the validity of transactions. No additional validation is required.



Snowman is based on Avalanche but arranges transactions linearly and creates blocks instead of vertices. This allows it to handle smart contracts very effectively. Snowman protocol is used in both P-Chain and C-Chain.

The Avalanche platform allows the creation of powerful dApps as well as public or private blockchain networks with their own sets of rules.

The Avalanche's areas of application include:

- Decentralised Finance (DeFi): asset issuance, Decentralised Exchanges (DEXs), borrowing and lending, insurance, stablecoins, etc.
- Governance, institutions and enterprises: Central Bank Digital Currencies (CBDC), digital identity, intellectual property protection, supply chain management, real estate, etc.
- Non-Fungible Tokens (NFTs).

What is AVAX used for?

AVAX is the native token of the Avalanche platform. It's used for paying fees, staking and settlements between Subnets.

The maximum issuance of AVAX is hard capped at 720 million tokens. Of this amount, 360 million has been minted at launch, and the remaining 360 million is scheduled to be issued as staking rewards. This hard cap, combined with the fact that fees are then burned, makes AVAX a deflationary asset.

Avalanche pros and cons

Avalanche is a quite promising project whose capitalisation speaks volumes about how much the cryptocurrency community expects from it. Indeed, the fundamentals of the project are encouraging:

- Avalanche is one of the fastest smart contract platforms on the market.
- The platform's innovative architecture offers potentially unlimited scalability while maintaining a high degree of decentralisation and high performance.
- Users are able to run highly customised public or private blockchains on the platform.
- Avalanche is Solidity-compatible and allows users to run Ethereum-based dApps, as well as easily transfer assets between Avalanche and Ethereum blockchains.
- The platform runs on an energy-efficient Proof-of-Stake (PoS) algorithm.
- At the moment, transaction fees on the Avalanche network are significantly lower than on the Ethereum network.
- The project has a number of major partners and investors.

The main drawback of the project is that Avalanche has quite a few direct competitors, including Ethereum, which is the leader in this niche and is not about to give up, especially after the launch of the PoS algorithm and the move to Ethereum 2.0.

Avalanche (AVAX) price analysis

As of 14 September 2022, the AVAX token ranked 16th among cryptocurrencies by market capitalisation at $5,654,341,622.


AVAX price statistics (as of 14/09/22)


AVAX/USD historical price chart

The AVAX price mainly follows the general state of the crypto market and, like the rest of the crypto market, is currently going through a 'crypto winter' period.

Avalanche investment

So, having figured out what kind of project it is, what can we say about the investment potential of AVAX?

Most prominent AVAX investors

Avalanche's investors include major market players such as Andreessen Horowitz, Galaxy, Bitmain, NGC, Dragonfly Capital, Polychain, Three Arrows Capital and others.

Future of the AVAX coin

Given the project's solid fundamentals and AVAX's deflationary model, the token's price has a very good chance of rising once the bull trend in the crypto market returns. However, there are a couple of things to keep in mind. First, despite the deflationary model, a rather large proportion of tokens have yet to be released to the market. Their issuance will create some inflationary pressure on the price. Second, the market capitalisation of the token is already quite high, and the competition in this niche is quite intense. Should Avalanche start falling behind its competitors, AVAX's price will decline.

Benefits of investing in Avalanche

In addition to the potential capital gains and other benefits of investing in cryptocurrencies, investing in AVAX is also capable of generating additional passive income in the form of staking rewards. At the moment, the average income from staking (without running a validator node) is 8.5% APY.



Is Avalanche a good investment in 2022?

Cryptocurrencies are a high-profit, high-risk type of investment. When investing in cryptocurrencies, don't invest more than you can afford to lose and always do your own research.

Having said that, we can say that AVAX looks pretty promising at the moment. It has strong fundamentals, and at the same time, along with the rest of the crypto market, it has fallen quite a bit in price. Given the fact that there are some signs that crypto winter may be coming to an end, AVAX could indeed be a good addition to a crypto investment portfolio.

How to buy AVAX with StormGain

Buying AVAX, as well as many other cryptocurrencies, with the StormGain crypto platform is quite easy. To do so, you will need to follow a few simple steps:

1. Create an account on StormGain. It's easy. (https://app.stormgain.com/#modal_register)
2. Go to the 'Wallets' section and click the 'Deposit' button.
3. Choose a wallet with the cryptocurrency you want to buy, e.g. AVAX.
4. Select the type of payment. You can pay either with another cryptocurrency (e.g. USDT) or with fiat money using a credit card.
5. Type the amount of crypto you want to buy.
6. Choose the payment method and click 'Deposit'.
7. Proceed with payment.

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Re: StormGain is a crypto trading platform for everyone.
« Reply #237 on: September 22, 2022, 01:45:40 PM »
Ethereum loses ground after merge

It's been a whole five days since the Ethereum Merge, but the cryptocurrency is already losing market share and falling in value faster than Bitcoin. The main reason for this is the elevated risk associated with centralisation and the potential for pressure from financial regulators on coins using a PoS algorithm.



Since the merge, Ethereum has lost 15% against Bitcoin and seen its share of the cryptocurrency market shrink from 18.8% to 16.6%, despite the lack of any errors when making the transition from mining to proof-of-stake. The scepticism of market participants is due chiefly to the fact that the updated network is dominated by major players. For instance, Lido Finance and Coinbase account jointly for 45% of the total network, and if we add another two exchanges (Kraken and Binance), their share rises to 60%.



Coinbase and Kraken are registered in the US, while Binance has a branch in the country. In the event that US regulators make any demands to censor certain transactions, it is more likely than not that these organisations will comply.

As practical experience shows, the autonomy of decentralised protocols is not immune to criticism either. When Tornado Cash found itself on the US Treasury Department's blacklist, the DeFi platform Aave took it upon itself to block all addresses that had received even one single transaction using the coin mixer. Therefore, the level of independence of the decentralised platform Lido Finance is debatable.



Head of the Securities and Exchange Commission (SEC) Gary Gensler added fuel to the fire when he announced the potential recognition of PoS coins as securities just a few hours after the Ethereum merge. If the regulator is able to uphold this status, it will require participants in crypto auctions to follow stricter rules.

Ripple's current position can help you understand the negative impact of such a decision. In fact, the SEC has been battling the company for several years now in a bid to have XRP declared a security. Since the legal proceedings began, XRP has dropped from third to seventh in the market capitalisation rankings, and, unlike the majority of the top coins, it has not been able to revisit its 2018 all-time high.



Miners have taken a considerable hit, too, as Ethereum was one of the most profitable coins to mine, with a top-of-the-range ASIC averaging a return of $79.50 per day. Chandler Goh, who called on miners to migrate to the EthPOW fork, now predicts that 90% of his colleagues will now exit the market on account of the decline in profitability. The EthPOW launch was not error-free, however, with Goh giving the new fork's debut a 5 out of 10.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #238 on: September 23, 2022, 11:11:03 AM »
Activity on the Solana network surpassed Ethereum long ago

A number of news outlets misinterpreted the chart provided by the Nansen analytical agency when they published stories that Solana had overtaken the Ethereum network in terms of the number of transactions in Q2 2022. Here's what the old chart looked like:



At first glance, it may seem like Solana surpassed Ethereum in June 2022. However, we should first look at the scale, which is broken down in increments of 100,000 for Ethereum (on the left) but increments of 5 million for Solana (on the right). Apparently, Nansen decided to avoid the risk of the information being misinterpreted, and the chart now looks like this:



In terms of the number of transactions, Solana surpassed Ethereum back in August 2020, which is natural given the huge difference between them in terms of throughput. The maximum throughput for Ethereum is 20 transactions per second (TPS), while Solana easily boasts over 3000 TPS.



It's also worth noting that Ethereum's transition to a proof-of-stake protocol had practically no effect on the network's speed. It will only achieve scaling in subsequent updates. That's why, from a practical point of view, Ethereum's Merge didn't yield any positive results. Due to the difference in fees, using Ethereum costs users a total of 500 times more than Solana.



Solana was once dubbed the 'Ethereum killer' due to its speed and decentralisation. The network would already be in a higher position in the overall standings if it weren't for regular shutdowns due to failures caused by internal problems or DDoS attacks. Its low fees turned out to be a double-edged sword.



Since Ethereum remains the most stable blockchain supported by smart contracts, a number of projects have already expressed support for it in the future. Yuga Labs, which is responsible for the popular collection of Bored Ape Yacht Club NFTs, said Ethereum is the only network where it will release its future works.



However, newer projects and artists are increasingly choosing Solana. Solana set a new record in September for the number of weekly NFT transactions, exceeding 842,000.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #239 on: September 26, 2022, 11:22:49 AM »
Why Ripple is rising against the market

The Federal Reserve's rate hike led to a natural drop among risky assets, including most cryptocurrencies. Ripple (XRP) stands out from the crowd, as it's gained 27% in value over the past seven days.



For several years now, a legal dispute has been going on between Ripple and the US Securities and Exchange Commission (SEC). The regulator is trying to prove in court that XRP is a security and, as a result, the sale of its coins to the public was carried out in violation of US law. Ripple, in turn, is demanding that the SEC disclose and justify the parameters by which the regulator categorised XRP in this new status.

SEC representatives previously noted that Bitcoin and Ethereum are not securities, and the former director of one of the regulator's divisions, William Hinman, added XRP to these cryptocurrencies in a speech. However, when Ripple referred to this fact during the trial, SEC representatives stated that it was impossible to identify the person in the video.



As the case began to look more like a farce, on 17 September, both parties filed a motion for summary judgement. Ripple noted in its motion that the SEC was never able to prove that contractual obligations arose between the company and token buyers. It also claimed that coin owners received a profit that stemmed from the "market forces of supply and demand". In other words, the affected party is not present, and the SEC has no standing.



The dispute between the SEC and Ripple will soon come to an end. The crypto community is optimistic about the case's outcome, which has already led to XRP strengthening. If the case doesn't go Ripple's way, sanctions will be applied against the company's management, and a number of contracts for interbank services will be reviewed. The company's clients include Bank of America and Santander, while its package solutions include the launch of a central bank digital currency (CBDC).



The dispute between the SEC and Ripple is more important than it might seem at first glance. If the regulator wins, Ethereum will be the next coin to be hit since its transition to a PoS protocol has made the cryptocurrency more centralised (over half of its transactions now take place in the US). In addition, SEC Chairman Gary Gensler commented just a few hours after Ethereum's Merge that the coin could be considered a security since "the investing public is anticipating profits based on the efforts of others".


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