Token Daily
956 subscribers
419 photos
4 videos
187 links
Lead author's channel about blockchain projects

Advertising - @BradyF
Download Telegram
Reputable trader Peter Brandt predicts that a breakout of the bullish ascending triangle pattern will take Bitcoin to $65,000. It usually hits the market quite accurately📈
There is a mass withdrawal of Ethereum on crypto exchanges. The total balance on the platforms decreased by 1.25 million ETH.

A sharp withdrawal began along with the rise in the price of Ethereum in mid-March.
According to Glassnode, more than 63 percent of the BTC supply hasn’t moved in over a year. Historically, such high values have always preceded growth🚀
Receive the answers to all the questions about Waves by joining the AMA!

Recent FUD campaign as well as panic selling organized by Alameda Research stimulates huge buzz around Waves. But what is really going on?

In 15 hours, the founder and the Head of the Ecosystem of Waves Protocol will answer all the questions about The USDN algorithmic stablecoin de-pegging from the dollar as the launching of Waves Labs.

Want to be the one, who knows everything about Waves? Join Waves Protocol Twitter spaces.

Hurry up, staring in a few hours 1pm EST April 5th❗️
Coinshares (weekly report on financial flows in crypto - week to April 4):

Crypto products = again a large influx = + $ 180 million.
A rather optimistic view of Bitcoin (TAnalyst)

If we compare the beginning of uptrends in 2019 and 2020, we can find a lot in common with what is happening now. And if history repeats itself, we will be able to see military-technical cooperation for $100,000-150,000 this year.
However, many people are now fully convinced that the real correction in BTC is just beginning. There is even talk of prices below $10,000. Let's vote below who is waiting for what👇
Bitcoin’s decline to $39,000 not only did not lead to mass panic, but on the contrary, there is a sharp increase in “buy the dip” sentiment (Santiment)
Not in favor of the beginning of the global growth of Bitcoin is the Realized Profit/Loss metric from Glassnode. It tracks the ratio between coins moved at a profit and coins moved at a loss.

As can be seen from the history, all reversals began after this parameter entered the red zone (large-scale sales, liquidations, panic). At the moment we are very close to this zone, but have not yet entered. Therefore, it is far from a fact that the correction has already been completed.
⚡️A very visual chart of how much it spends:
- 1 transaction in the Bitcoin network
- 1 transaction on the Ethereum network (now)
- 1 transaction on the Ethereum network (after switching to POS)
There is an obvious inverse correlation between the total balance of BTC on exchanges and the price of Bitcoin (Glassnode infographic). The balance is falling = the price is growing, now everything is going to start such a trend.
🔥 5000 Winners - 150.000 PSR in Rewards – First-Come, First-Served🔥

🎉To thank our loyal community for being a part of our project and supporting us during these early days, we're distributing 150.000 PSR tokens amongst YOU!

🙌Join our PandoDrop NOW on https://pandora.digital/airdrop to become the early owners of the robust multifunctional governance token PSR.

📺We've prepared a short guide on how to claim the PandoDrop. The process is easy and you'll find out all the steps needed for participating right in the video below.

📙Read up on PandoDrop’s terms and conditions here.
According to IntoTheBlock analysts, now the volume of trading with NFT-tokens based on the Ethereum network is equivalent to 10 billion dollars a month. The growth of the indicator was especially noticeable in January 2022 - then it amounted to $17 billion.

So non-fungible tokens are still in trend.
According to Glassnode, the number of bitcoins that have not moved for more than a year has reached an all-time high. Hodlers are more confident than ever in long-term growth.

The total balance of BTC on crypto exchanges fell to a minimum in 4 years. Most likely, investors do not plan sales in the near future.
An interesting picture appeared on the correlation chart of the dollar index and the price of Bitcoin from Glassnode. While the DXY was falling, we saw the BTC rise. And as soon as the dollar began to strengthen, the main cryptocurrency moved into a protracted sideways trend.

We are now facing a clear rise in DXY, and until it stops, the cryptocurrency market will have a hard time growing.
⚡️List of protocols with the volume of assets placed in them. It is worth taking a closer look at Lido.finance
The amount of funds raised in projects through IDO, ICO and IEO has been falling significantly lately and has already reached a minimum since July last year (Cryptorank)
The fear and greed index dropped to 11 points - extreme fear 😬

Ah shit, here we go again
Bitcoin today fell to the level of $29,000 and thus provoked a wave of panic in the market. Many alts are seriously ill, most of them fall by 20-30 percent. But even among them there is an absolute champion #LUNA. Despite all the prospects of the project, the coin lost 90% of its value in a day, and if you count from ATN - 99.5%. It is clear that there is a whole story revolving around the dump with its undercover games, but for us this is a great reminder that you need to diversify your portfolio wisely and how powerfully to put adequate stops more often.

The fear and greed index is already showing extremely low values, from which we have very often reversed before. Therefore, if you believe Buffett, then buying when blood is shed in the markets can already be partially begun.
Bitcoin closed the seventh losing week in a row. Something similar already happened in 2015 (6 weeks in a row), after which we saw a 30% rebound from the low and continued decline.
On Bitcoin, the metric of realized profits and losses (therationalroot) shows the entry into the extreme zone. In fact, this means that the price drop to the $26,000 area has caused so many investors to panic and sell in the red. Such moments on the BTC chart often became reversal.