Ether climbs almost to 1,750 US dollars

Ether climbs almost to 1,750 US dollars, but transaction fees dangerously high

The Ether price hits the next record high, but transaction fees are also soaring to record highs, dampening sentiment.

Market-leading altcoin Ether (ETH) extended its new record high on 5 February, climbing even closer to the psychologically important US$2,000 mark.

Ether record run already almost at US$1,750

As data from Cointelegraph Markets and TradingView shows, the ETH/USD currency pair made its next strong bounce today (Friday).

At press time, the Ether price is targeting the US$1,750 mark with a gain of 6.5%, bringing the total weekly gain to almost 22%.

The fresh upswing is partly due to increased interest in Decentralised Financial Services (DeFi), as many projects from Italian Formlua this division are based on the Ethereum blockchain. Many DeFi cryptocurrencies are among the clear winners this week.

Ether, meanwhile, also has its own reason to rejoice, as ether futures are now being traded on the CME Group’s major options exchange. The influential crypto asset management firm Grayscale also stepped up purchases of ETH for its own Ether investment fund again this week, after taking a break for a fortnight.

Transaction fees dangerously high

However, while some prominent industry figures such as Gemini co-founder Tyler Winklevoss are celebrating the record run of the second largest cryptocurrency, the Ethereum blockchain’s transaction fees are also soaring to record highs.

This is less encouraging, however, because as Cointelegraph reported this week, some crypto exchanges have had to temporarily suspend trading ETH as a result.

„This is a real crisis. We can go ahead and grab our popcorn because it will be exciting to see how Ethereum manoeuvres its way out of this mess,“ as one Blockstream developer assessed.

According to data from Ycharts, average ETH transaction fees were $23.27 as of yesterday, 4 February.

Bitcoin (BTC), meanwhile, remains below the US$40,000 mark, with mixed fortunes as while the stock market hit a record high of its own today with the S&P 500, the US dollar index has fallen, which in turn should play into Bitcoin’s favour.

„Correlation does not mean there is necessarily an effect relationship, but the trend is clear: #Bitcoin’s record run (and temporary downturns) show a strong correlation to movements in the US dollar index (DXY),“ as crypto analysts at Kaiko explain.

Los abogados apuntan a la legislación sobre criptografía de Rusia

Los expertos legales rusos han criticado las leyes de criptografía de la nación, sugiriendo que los tribunales del país han tenido problemas al tratar con las criptomonedas en el pasado, e insinuando que la legislación reciente puede haber hecho poco para levantar la niebla legal que rodea a cómo se controlan los tokens.

Según un informe del medio de comunicación Bitcoin Rush, las leyes rusas promulgadas recientemente relativas al estado legal y fiscal de los criptoactivos se han diseñado para salvar a los tribunales de un atolladero legal que ha visto casos en los que los jueces han estimado el precio de los criptoactivos de las personas calculando el valor de los dispositivos de memoria flash en los que estaban almacenados.

Pero dos abogados que hablan con el medio de comunicación afirman que las nuevas reglas no han ayudado mucho al poder judicial, si es que lo han hecho

Angelika Matushkina, experta legal en la Escuela Digital de Moscú , advirtió que los comerciantes que reciben fiat por vender sus fondos todavía encuentran el proceso „problemático“ cuando tratan con bancos.

Los bancos parecen confundidos sobre cómo deben lidiar con las criptomonedas, y muchos buscan evitar problemas por parte de las autoridades, tomando medidas que suenan draconianas.

Matushkina afirmó que las transacciones que involucran criptografía se pueden „bloquear“ y las cuentas „congelar“

Aconsejó a los comerciantes que organizaran reuniones preventivas con sus gerentes bancarios para discutir los requisitos y documentos necesarios para registrar los ingresos de las ventas de criptomonedas, para cumplir con las nuevas regulaciones fiscales sobre la declaración de fondos criptográficos. De lo contrario, advirtió, los comerciantes pueden “tener problemas con el Servicio de Monitoreo Financiero Federal [regulador] (Rosfinmonitoring) o los equipos de cumplimiento bancario.

El mismo medio de comunicación cita a Maria Agranovskaya, socia gerente y abogada de tecnología financiera del asesor legal ruso GRAD , afirmando que las nuevas leyes han sido „algo decepcionantes“, ya que originalmente estaban destinadas a „proporcionar una base para las actividades legítimas de todos los participantes del mercado, para poner en orden la práctica dispar de los tribunales y permitir que los bancos trabajen con proyectos criptográficos ”, algo que Moscú no ha logrado hasta ahora a los ojos de muchos abogados.

Nubank’s hacker arrest has been upheld by the courts

Using fintech’s own accounts, the suspect would have raised R$ 13 million.

The arrest of a hacker who attacked Fintech Nubank, held on 16 December 2020, was upheld by the courts. Operation Ostentação, which was set off by the civilian police of several states, served warrants in Maranhão, Goiás and Tocantins.

The police action has been taking place since February 2020, when several people were arrested in cities of Maranhão. In December of the same year, however, the second phase of the operation sought suspects of causing damage to Nubank.

The scams against customers of the institution ended up taking about R$ 13 million, and Nubank notified the police authorities. In fact, hackers used common techniques today to perpetuate fraud against fintech account holders.

The case recalls that the cryptomaniac community, too, must be on the lookout for similar actions.

Superior Court of Justice (STJ) holds Nubank hacker prison
One of the suspects arrested by Operation Ostentação in Maranhão has filed a writ of habeas corpus. Since his arrest in December 2020, he would not have had a custody hearing.

As a result, he was asked to relax his detention and take alternative precautionary measures to imprisonment. In the first instance, the state court in Maranhão denied the request of Nubank’s hacker, maintaining the arrest.

„Moreover, the decision attacked, in principle, has sufficient grounds, highlighting the modus operandi of the crimes, exclusively virtual, which imported in the conduct of fraudulent operations to generate a loss of almost R$ 13 million reais to account holders of NU BANK, its frequency and customary (with about 918 victims), in the period from October 2019 to May 2020; the reasonableness of the length of the investigations, given the peculiarities of the feat (numerous seized material and people to be heard), as well as the evidence of authorship from the data collected from the seized mobile phones (ID 8938936). „The judge of first instance emphasized

In his appeal against the higher court decision, the suspected hacker Nubank had his case examined by the STJ. According to the decision, Minister Humberto Martins did not find illegality in the view of the judge at first instance.

Thus, the STJ would have no jurisdiction to rule on the habeas corpus claim of Nubank’s hacker and the arrest should be maintained. The case law of the STJ and Precedent No. 691 of the STF were cited to support the Minister’s decision.

Increasingly common phishing scams in Brazil cause millions in damage
The man who kept the prison is only one of 30 arrested by the civilian police in Operation Ostentação in the last month. According to the investigations, the gang would specialize in virtual scams against accountants, using phishing scams to do so.

These scams consist of creating false web pages, accessed through links, leading people to believe they are in the right environment. By filling in data, victims end up handing over precious information to hackers, who run to steal resources in their possessions.

In Nubank’s case, 918 customers lost almost R$ 13 million with this gang. However, cryptomaniac investors in Brazil also often face this reality, especially with Bitcoin’s recent rise.

In any case, the tip is always to avoid clicking on suspicious links and observe if the page accessed contains valid security certificates. Some of the hackers that use the technique also usually send spam emails or even act through social networks such as Facebook and Instagram.

In the last few days, for example, an entrepreneur has had her Instagram account hacked and is required to pay Bitcoin as a ransom. Phishing scams have become even more common in the midst of the new coronavirus pandemic.

Ripple’s XRP at the end? What crypto executives are now saying about the lawsuit

The US Securities and Exchange Commission is about to sue Ripple for allegedly selling XRP as an unregistered security.

The case is still causing a stir within the crypto community – and now various executives have commented on the situation.

Does the case have any impact on the entire industry?

IOHK CEO Charles Hoskinson believes the impending lawsuit could have repercussions for the entire crypto industry. Hoskinson in a video :

„The reason this is a big deal for the industry as a whole is that it can have a profound impact on how the SEC sees in the future whether something is a security or not …“

According to Hoskinson, this may shift the burden of due diligence onto the exchanges. As a result, the crypto exchanges could become more cautious when it comes to listing new tokens or evaluating existing portfolios more carefully. Hoskinson:

“So it is by no means a small event. This is probably the biggest regulatory event in our industry’s history. It will have a lot of impact on the future. „

Hoskinson is not the only one who is critical of the incident. Messari CEO Ryan Selkis, long-time critic of Ripple and Ripple’s XRP, suddenly takes Ripple’s side.

Selkis believes the case could make it clear that the SEC’s Howey test is severely out of date in the digital age. Howey’s test is used to determine whether an asset is a security.

“The SEC restrictions on unaccredited investors, the ridiculous Howey Test, and 80 year old securities laws like the ’40 Act ‚are all bound to die in the fire. They are un-American and completely out of date. I hope Ripple wins … “

Selkis believes that it is up to industry to control itself and have the moral upper hand. It is important that Ripple wins the case – for the benefit of other projects and companies in this area.

“We’re ‚in here together‘ to draw a line on the regulatory demarcation. XRP as a ’security‘ continues to hurt US companies, while global competitors will continue to do these markets. “

Ripple’s XRP as a security would also mean that other assets will suffer the same fate. Selkis:

„At least Ripple has money to fight … [the SEC] could force a settlement, but they are legally inferior. Recall that Ripple sued former SEC chairwoman Mary Jo White in 2018 on a civil matter. A reference to your money. “

Selkis is convinced that Ripple can win this case.

Tezos (XTZ) continues to consolidate above long term support

The XTZ follows a long term ascending support line.

Technical indicators are neutral

The XTZ / BTC pair is moving near its lowest level to date, at 9500 satoshis.

Tezos (XTZ) price consolidates above a line and long term support zone. However, there are no signs of a bullish reversal that suggest an upward movement will follow once this consolidation is over.

The Bitcoin Revolution has been following an ascending support line since February 2019, when it was trading at $ 0.34. It is currently approaching this line for the fourth time.

Moreover, this line coincides with the support zone of $ 1.80, above which it is moving after breaking it in March.

Technical indicators are neutral and provide mixed signals. While the RSI has fallen below the 50 line and has validated it as resistance (red arrow below), the MACD is still above 50 and the Stochastic Oscillator is rising.

Either way, the trend is probably bullish as long as the price moves above this line / support area.

The daily chart does not clearly determine the direction of the trend

The XTZ has clearly rebounded to the fibonacci support level 0.786 to $ 1.67, but technical indicators are ambiguous. The RSI moves above and below 50, indicating a consolidation. The MACD and the Stochastic Oscillator are showing no signs of confirmation.

Cryptocurrency trader @TheEurosniper shared a chart of the XTZ / BTC pair which shows the price has deviated below the lower end of its range. Once he has returned to the lower end of his range, the trader expects a considerable upward movement.

It is indeed true that the XTZ is trading very close to its maximum low to date, at 9500 satoshis. It reached its lowest level, at 7,520 satoshis, in June 2019.

However, there are no signs of a reversal despite indicators showing the rally is oversold, so there is a possibility that the XTZ will continue to fall.

The closest resistance zone is at 15,000 satoshis.

Binance diskutiert über beschleunigten BNB-Brand

Binance diskutiert über beschleunigten BNB-Brand

  • Binance diskutiert über ein beschleunigtes Verbrennungsprogramm.
  • Dies könnte ein Schema sein, um BNB in die Top 5 der Kryptowährungen zu katapultieren.
  • Der Schritt kommt nur nach einem $68 Millionen Binance Coin brennen.

Das Trust Project ist ein internationales Konsortium von Nachrichtenorganisationen, die Standards für Transparenz aufbauen.

Binance CEO CZ twitterte, dass das Unternehmen eine beschleunigte Verbrennung in Betracht zieht. Ein solches Programm würde den Binance-Token (BNB) laut Bitcoin Era noch knapper machen als bisher. Es ist derzeit der #9 Token nach Marktkapitalisierung.

Am 20. Dezember 2020 gab CZ vom Börsenriesen Binance bekannt, dass das Unternehmen erwägt, eine beschleunigte Verbrennung von BNB-Münzen durchzuführen. Dieser Schritt wird wahrscheinlich den Wert jedes BNB erhöhen, während die Marktkapitalisierung beibehalten wird.

Und wie ElijahBoom auf Twitter antwortete, könnte dies ein Schachzug sein, um BNB von seinem Platz auf #9 nach oben zu schieben. Nach allem, mit einem prognostizierten Anstieg der Token-Preis, eine Menge Kaufkraft könnte in den Markt und weiter erhöhen die BNB market cap.

Burn baby burn

Am 17. Oktober 2020 kündigte Binance einen großen Token-Burn an. Dieser, der 13. derartige Burn, vernichtete über 2 Millionen BNB-Token, was einem Gegenwert von etwa 68 Millionen Dollar entspricht. Zu dieser Zeit war dies der größte Burn in Bezug auf den Fiat-Wert.

$68,000,000 USD Wert von #BNB aus dem Verkehr gezogen für immer.

Wenn Sie nicht verstehen: Burn, Buyback, Airdrop, QE und Stimulus, dann haben Sie einen erheblichen Nachteil, um finanzielle Freiheit zu erreichen. Lernen Sie es besser.
– CZ Binance (@cz_binance) October 17, 2020

In den letzten Monaten, BNB hat gekämpft, um über Wasser zu bleiben in der Nähe seiner all-time-highs. Mit dem Aufstieg von DeFi und anderen Seitenketten, die mit Binance Chain konkurrieren, muss das Unternehmen die Dinge interessant halten, um ein (wenn nicht der) Marktführer zu bleiben. Dies könnte ein Schritt sein, um die Aufmerksamkeit auf den Utility-Token zu halten.

Zum Zeitpunkt des Schreibens, der Preis von Binance Coin ist bis etwa $4 über einen 24-Stunden-Zeitraum. Wenn dieser Tweet dazu gedacht war, den Preis von BNB zu erhöhen, dann hat es funktioniert.

Regelmäßige Regulierung

In den letzten Wochen hat sich Binance auf die Regulierung auf der ganzen Welt vorbereitet. Das Unternehmen kündigte öffentlich an, dass sie ihre Dienste auf vollständige Übereinstimmung mit den Vorschriften in Frankreich überprüfen würden.

Ebenso ist Binance seit 2019 gegen US-Konten vorgegangen, die auf die Hauptseite (und nicht auf die regulierte Seite zugegriffen haben. Dies wurde als ein Schritt gesehen, um Binance universell zu regulieren.

Auch in einer Art und Weise, um an die Regulierungsbehörden zu appellieren, trat Binance kürzlich der Blockchain for Europe Association bei. Diese Gruppe zielt darauf ab, Krypto-Unternehmen zu helfen, mit europäischen Finanzinstitutionen zusammenzuarbeiten.

Unsere starke Mitgliedschaft wird sich dafür einsetzen, dass das Blockchain-Ökosystem die zukunftssichere EU-Regulierung erhält, die es braucht, um innovativ zu sein.
– Blockchain for Europe (@BlockchainforEU) September 3, 2020

Abgesehen davon, dass es rechtlichen Problemen ausweicht, könnte dies einige Möglichkeiten für das Unternehmen schaffen. Während Binance rund 1 Milliarde Dollar wert ist, könnte es größer werden. Kürzlich hat Coinbase seinen Börsengang beantragt und wurde auf einen Wert von fast 28 Milliarden Dollar geschätzt. Vielleicht ist das Zufriedenstellen der Regulierungsbehörden (wie es Coinbase vor seinen IPO-Papieren getan hat) ein Schritt auf dem Weg zum Börsengang. Das könnte ein Multi-Milliarden-Dollar-Venture sein.

Wrapped ETH kommer til Tezos når det tar på Ethereum DeFi Market

StableTech har brakt innpakket ETH-tokens til Tezos blockchain i et forsøk på å vinne over DeFi-brukere som er syke av høye avgifter på Ethereum.

  • StableTech, en Tezos-utviklingsgruppe, lanserte innpakket Ethereum-tokens denne uken, slik at verdien av ETH kunne overføres til Tezos blockchain.
  • Tezos retter seg mot DeFi-brukere frustrert over høye avgifter og langsomme transaksjoner på Ethereum-nettverket.
  • StableTech hevet frøfinansiering i oktober for å øke DeFi-utviklingen og vinne over brukere før Ethereum 2.0 er fullt funksjonell.

Innpakket tokens har allerede gitt millioner av verdi til Ethereum blockchain

Nå prøver Tezos en lignende strategi, og debuterer innpakket Ethereum på Tezos blockchain for å komme inn på DeFi-handlingen.

ETHtz-tokens ble live på Tezos-nettstedet 12. desember, slik at brukere av Tezos kunne handle med innfødte tokens knyttet til prisen på ETH, ifølge et innlegg fra Wealthchain-sjef Kevin Mehrabi. Wealthchain er en av virksomhetene som utgjør StableTech, en gruppe utviklere som er dedikert til å fremme DeFi på Tezos blockchain.

Med lommebøker, blokkutforskere og utvekslinger som allerede er i gang, er tilsetningen av ETHtz den siste innsatsen fra Tezos for å trekke DeFi-aktivitet bort fra Ethereum-nettverket og på sin egen blockchain som et lavere gebyralternativ.

DeFi, en forkortelse for desentralisert finansiering, representerer en gruppe blockchain-baserte applikasjoner som replikerer eller forbedrer funksjonene til tradisjonelle finansinstitusjoner, uten behov for en sentralisert tredjepart som en bank eller megler. I stedet bruker de automatiserte kodeblokker, kjent som smarte kontrakter, i et blockchain-nettverk for å legge til rette for finansielle funksjoner som utstedelse av lån, aktivbytter og rentebetalinger.

DeFi populariserte også konseptet med „pakket tokens“ med produkter som Wrapped Bitcoin og renBTC. Innpakket tokens låser digitale eiendeler som Bitcoin Profit i en depotkonto eller smart kontraktprotokoll i bytte for å produsere en 1: 1-erstatning av tokenet på en alternativ blockchain, som Ethereum eller Tezos.

Siden juni 2020 har „total value locked“ (TVL) i DeFi-protokoller økt fra bare 1 milliard dollar til mer enn 16 milliarder dollar, ifølge DeFi-dataaggregat DeFi Pulse. TVL måler verdien av digitale eiendeler som er bidratt som sikkerhet og likviditet i hele DeFi-økosystemet, og er et vanlig brukt mål på den totale størrelsen på den spirende industrien.

Det meste av industrien er bygget oppå Ethereum

Men ETHtz-kunngjøringen bemerker at transaksjonsgebyrene på Ethereum har økt kraftig når mange brukere prøver å bruke nettverket samtidig, spiser fortjeneste og får noen transaksjoner til å ta mye lenger tid enn normalt – eller til og med mislykkes. “En transaksjon på Tezos koster nå ikke engang 1% kostnaden for en lignende transaksjon på Ethereum,” ifølge utgivelsen.

„Det markerer begynnelsen på et havskifte for DeFi,“ sa Wealthchain (en StableTech-bidragsyter) konsernsjef Kevin Mehrabi til Decrypt. „Det er en løsning for Etheruem-innehavere å kunne handle ETH uten å tømme det for opprørende gassavgifter. Det viser også at vi er med på å vinne det. „

Kombinert med introduksjonen av innpakket ETH-tokens, kan Tezos være en av en håndfull Ethereum-konkurrenter for å fange en del av DeFi-markedet, selv om det bare er en sikkerhetskopi når Ethereum-transaksjonsgebyrer er forhøyet.

DeFi on Tezos mottok støtte i oktober gjennom en frøinvestering fra VC-firmaet Draper Goren Holm. Tidligere i mai 2020 ga StableTech ut USDtz, en USD-festet stablecoin bygget for Tezos-nettverket som la grunnlaget for veksten av DeFi i Tezos-økosystemet. Tezos bruker allerede en smak av bevis på innsats for behandling av blockchain-transaksjoner, slik at transaksjonskapasiteten mer enn det dobbelte av de omtrent 15 transaksjonene per sekund Ethereum for øyeblikket kan håndtere.



Análise de preços a longo prazo Bitcoin SV: 16 de novembro

Isenção de responsabilidade: As conclusões do artigo seguinte são a única opinião do autor e não devem ser tomadas como conselhos de investimento.

Para a Bitcoin SV, a maior tendência de alta no mercado não importava em nada. Durante a última semana, sua valorização caiu por trás das correções da BTC, com o crypto-asset falhando em recuperar o mesmo sentimento, apesar do retorno da Bitcoin. A BSV, no momento em que escrevia, estava enfrentando um enorme dilema nos gráficos. Enquanto reage às correções, os comícios de alta não foram bem identificados em sua análise de longo prazo.

Gráfico de 1 dia do Bitcoin SV

Ao analisar os gráficos da Bitcoin SV, pode-se observar que ela ultrapassou recentemente um padrão de cunha ascendente, antes de continuar a atingir uma posição próxima a seu apoio de longo prazo de US$ 150. Durante o último mês, a BSV testou US$ 180 apenas uma vez, após o que a avaliação da moeda criptográfica caiu diretamente abaixo de US$ 170.

No momento, é bastante claro que o sentimento de alta da Bitcoin está tendo menos impacto sobre a Bitcoin SV, com o crypto-asset possivelmente testemunhando uma queda na liquidez e nos volumes. Na época da imprensa, a média de 50 movimentos continuava a impulsionar a resistência aérea ao nível do preço do tempo de impressão.

De uma perspectiva de longo prazo, a BSV ainda estava para romper acima da tendência de queda (linha laranja), que ia desde meados de agosto. É possível que a BSV possa se consolidar confortavelmente acima da tendência de queda após a primeira semana de dezembro, mas uma reversão significaria uma depreciação adicional e uma eventual queda abaixo do nível de suporte de $150.

Raciocínio de mercado

Os indicadores de mercado também não demonstraram um senso de confiança. O Índice de Força Relativa ou RSI apontava para uma falta de atividade por parte dos compradores, com os vendedores assumindo um controle brando nos gráficos.

Além disso, o MACD implicou na continuação de uma tendência de baixa desde o início da semana passada, com a linha do Sinal pairando sobre a linha azul.

Finalmente, o oscilador Awesome Oscillator foi altamente sugestivo para o aumento da tendência de baixa. De fato, na época da imprensa, a tendência coletiva também estava mudando para a recuperação e o BSV também poderia espelhar um período de declínio.


A Bitcoin SV não teve uma perspectiva de alta para o futuro próximo. Sua consolidação entre $165 e $150 tem sido a história do 2º semestre de 2020. Ela pode terminar com uma valorização ainda mais baixa até o final de 2020.

Bitcoin-Bargeld, Ontologie, Enjin-Preisanalyse: 05. Dezember

Bitcoin verzeichnete in den letzten Tagen einen Rückgang von 19.500 $ auf 18.500 $ und wurde zum Zeitpunkt der Erstellung dieses Berichts bei 18.919 $ gehandelt.

Bitcoin Cash hatte einige Tage lang einen ruhigen Seitwärtshandel, könnte jedoch in den kommenden Stunden sinken. Die Ontologie deutete auf einen bevorstehenden Ausbruch hin, wobei die Richtung noch nicht bestätigt wurde. Enjin wies kurzfristig Volatilität auf, bot aber Möglichkeiten, den Handel zu schwenken.

Bitcoin Bargeld [BCH]

Die Bollinger-Bänder begannen sich um den BCH zu verengen, nachdem sie sich seit dem 1. Dezember über der Unterstützung von 288 $ konsolidiert hatten, aber der Preis fiel in den letzten Stunden unter dieses Niveau, und die Bänder begannen sich wieder auszuweiten.

Seitdem der Preis ein lokales Hoch bei 360 $ erreicht hat, hat er niedrigere Höchststände gebildet und könnte in den kommenden Tagen ein absteigendes Dreiecksmuster mit einer Basis bei 260 $ bilden.

Bevor dies eintreten kann, müssen die Bären das Niveau von $274 durchbrochen haben.

Ontologie [ONT]

ONT bildete ein absteigendes Dreieck. Dieses Muster deutete auf einen bevorstehenden Ausbruch hin, dessen Bestätigung noch aussteht. Das Handelsvolumen ist ebenfalls rückläufig und würde bei einem Abschluss außerhalb der Trendlinien wieder zunehmen.

Der RSI zeigte in den vergangenen Tagen ein rückläufiges Momentum und einen Abwärtstrend an. Die Region bei $0,54 hat als starke Unterstützung gedient, könnte jedoch bei einem Schlusskurs unter $0,5 in Widerstand umschlagen.

Manchmal sieht das absteigende Dreieck vor einem kräftigen Umschwung eine Scheinbewegung nach unten, daher müssen Händler Stop-Loss-Orders mit ONT sorgfältig verwalten, wenn sie dieses Muster handeln.

Enjin [ENJ]

Das Tagesdiagramm für ENJ zeigte zwei wichtige Ebenen des Widerstands und der Unterstützung für ENJ. Seit September wurde das Widerstandsniveau von 0,173 $ von den Bullen trotz mehrfacher Versuche mit starkem Volumen nicht überwunden.

Im gleichen Zeitraum hat sich die Unterstützung bei 0,143 $ größtenteils stabilisiert. Der Verlust dieses Niveaus führte dazu, dass ENJ auf 0,112 $ sank. Über $ 0,143 kann das Niveau von $ 0,16 als Take-Profit für Long-Positionen genutzt werden.

Der MACD lag über der Nulllinie, als Reaktion auf die Erholung des ENJ von 0,112 $. Die oben genannten Niveaus können zur Ausführung von Swing-Trades verwendet werden. Ein Tagesschluss unter $0,143 könnte für Bullen Probleme bedeuten.

Top 5 DeFi projects: The calm before the storm?

The hype surrounding the emerging sector of decentralised finance is increasingly flattening out. Is the DeFi boom already over or is this the calm before the storm?

Many of the new Ethereum DeFi projects have fallen dramatically in recent weeks and some investors are looking for other investment opportunities. Nevertheless, some crypto experts believe that DeFi is only just beginning and that great things are yet to come.

DeFi hype already over?

Crypto analyst and trader Qiao Wang, for example, is convinced that the DeFi sector still has unimagined potential.

Qiao Wang and a few other crypto experts believe that the de fi sector will continue to grow enormously in the long term – but which projects are currently making the running in crypto space? In the following, we present the five largest Decentralized Finance projects after Coingecko.

5. Synthetix Network (SNX)

Synthetix is an ethereum-based protocol for the issuance and trading of synthetic assets. Each synthetic asset (Synths) is an ERC-20 token that represents the price of an external asset. Within the Synthetix platform, there is therefore a variety of ERC-20 tokens representing fiat currencies, crypto currencies, commodities, indices and stocks.

In principle, the system can represent any asset. Investors therefore have the opportunity to participate in price increases of assets without having to register with a broker. Investors also do not have to go through any know-your-customer processes and everyone is free to interact with the Synthetix protocol. Theoretically, even people without a bank account can participate in the global financial markets.

The native token SNX acts as a security that has to be deposited when creating synths. SNX can also be strengthened. Investors who stack SNX receive a part of the fees to settle transactions on the SNX platform.

The value of the SNX tokens is therefore directly related to the use of the DeFi project.

4. UMA (UMA)

UMA is a DeFi platform for financial contracts that aims to enable everyone to participate in the global financial market. The UMA protocol is similar to the Synthetix Network in its structure and functionality. Just like Synthetix, the UMA token can be used to create Synthetix assets. This makes it possible for each asset to be represented as an Ethereum token.

In addition, it is possible to create virtually any form of financial contract on UMA. Thus, for example, interest-paying synthetic tokens can be constructed on Ethereum. This function offers enormous potential for further innovations in the DeFi sector.

UMA is therefore a borderless platform when it comes to generating financial contracts with the help of Smart Contracts.

3. uniswap (UNI)

The decentralised exchange (DEX) UniSwap is the largest DEX in the entire crypto space. Any ERC-20 token can be traded on the platform without any hurdles. In addition, the governance token UNI gives Hodlern a say in the protocol development of Uniswap. Only a few weeks ago, there was a UNI-Airdrop, which rewarded all users of Uniswap with UNI-Tokens and promoted the decentralisation of the project.

Through this action, UNI protocol governance is already relatively decentralised compared to other pseudo-decentralised finance protocols. Furthermore, users can provide liquidity for trading pairs in so-called liquidity pools to earn a percentage of the trading fees. In addition, liquidity providers can earn UNI tokens in special liquidity pools.

2. makerDAO (MKR)

The MakerDAO DeFi protocol enables users to take out loans via a decentralised system. Only cryptocurrencies have to be deposited, for which one receives the Stable Coin DAI in return.

In simple terms, MakerDAO allows borrowers to pledge crypto assets for which they receive a loan, for example instead of a watch or a diamond ring. In addition, the lender is not a bank but a smart contract, also called Collateralised Debt Position (CDP). Only the borrower has the possibility to repay the loan.

The promise of the MakerDAO platform is therefore to give users the opportunity to obtain loans without KYC and without an external party. In addition, smart contracts are supposed to provide a relatively high level of security, as they automatically follow the fixed loan conditions.

MKR, the native token of the DeFi platform, is a kind of financial share of Maker DAO. The more the system is used, the more the value of the MKR tokens increases.

This is because when a loan is repaid, interest is incurred, which automatically triggers a repurchase of the corresponding amount in MKR. In addition, some of the MKR tokens are destroyed during the repayment process, which reduces the overall supply of the token and creates scarcity.

MKR owners can vote on the amount of interest that must be repaid and also on the further development of the MakerDAO protocol.

1. chainlink (LINK)

Chainlink is a decentralised oracle system. This means that Chainlink verifies data from the real world that is used in the context of Smart Contracts. Simply put, Chainlink aims to connect the real world with the digital world.

Data available to Smart Contracts in this context are, for example, asset prices or credit contract conditions. In theory, however, all things from the real world can be tracked digitally.

Compared to centralised oracles, which are easy to manipulate, Chainlink creates a decentralised alternative. Chainlink thus solves an enormously important problem for all block chain applications, because its decentralised nature makes it much more difficult to manipulate quote data, which can be essential for smart contracts.

In addition, Smart Contracts are better protected against price manipulation by external parties, as there is no central point of attack with a decentralised oracle.

The LINK token is an ERC-677 token, which has the functionality of an ERC-20 token and also enables token transfers that may contain important data. LINK also serves as a reward for node operators who ensure the retrieval of data for Smart Contracts.

Furthermore, node operators must deposit LINK tokens to create a node. As a result, it is possible that in the future a large number of Smart Contracts requiring real world data will increase the demand for the LINK token.