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1  Economy / Trading Discussion / Crafting a safer strategy for growing your crypto portfolio: on: April 14, 2024, 05:53:06 PM
Recent market volatility has led to significant liquidations and financial losses for many traders. While futures trading promises rapid portfolio growth, it often comes with substantial risks, requiring both courage and trust in technical analysis (TA). However, futures trading hasn't been my forte despite my attempts.

Building a robust crypto portfolio doesn't have to entail high-risk ventures like futures trading. It took me some time to realize that there are alternative, almost risk-free methods to build a solid portfolio. Yet, the allure of quick gains in crypto often overshadows the patience required for these approaches.

Regardless of whether you're trading futures or spot, the market's unpredictability can lead to substantial losses, as evidenced by the recent downturn affecting BTC and most altcoins. Many traders were caught off guard, lacking sufficient USDT reserves for dollar-cost averaging (DCA) during price recoveries.

However, there's a silver lining. For those seeking to maximize profits while minimizing risks, products like launchpools, launchpads, or PoolX offer promising opportunities. Available on various top centralized exchanges (CEX), these products involve staking assets such as USDT, BGB, BNB, or OKB, depending on the exchange.

One thing I have realized is immediately an exchange announces either a launchpool or launchpad, the exchange token continues to surges because many users want to buy and participate to earn free token. So after the event, you get double rewards, you can decide to sell your newly acquired tokens and also sell the exchange token at a higher price. This process has helped me build a great bag. The ENA launchpool event that just ended on Bitget is a testament that participating in this kind of events are greatly rewarding.

Have you explored such opportunities before? Feel free to share your experiences.
2  Local / Nigeria (Naija) / Reminiscing over Binance on: April 13, 2024, 10:38:54 AM
Some weeks back after the federal government and Binance issue rocked the Internet consequently leading to Binance suspending naira pair and delisting naira p2p from the exchange, some crypto exchanges like Bitget, Bybit, OKX and Kucoin were the largest beneficiary of the unfortunate incident as many users moved their assets especially USDT to this exchanges.

We all know how Binance has been holding it down for years giving users the satisfaction they desire and constantly coming up with innovation that enhances user experience. A friend of mine was complaining about Bybit P2P he recently used and had issues. His concern was that their customer support was quite unresponsive and it's been 2 days with the issue unresolved typically opposite of what was obtainable on Binance.

My question is what do you think this other top mentioned exchanges can do to make users no longer think of Binance? Do you think any exchange is making that move to cover up the space...let's discuss.
3  Economy / Marketplace / What are the yardsticks to measure exchange trading volume growth? on: April 07, 2024, 07:48:44 PM
While on Twitter reading to be updated about recent development in the crypto space. I stumbled upon a post talking about exchange Q1 spot trading volume growth. I was expecting to see Binance at number 1 as usual but surprisingly they are in number 5 with less popular exchanges occupying number 1 to 4.

According to TokenInsight December 2023 publication about exchanges, Binance took the lead in both spot and derivative trading volume throughout the year but it seems the narrative is changing with Bitget, Bitmart and Bybit occupying the top 3 position based on spot trading growth in Q1 of 2024 according to the analysis

I would like to ask what you think is responsible for the trading volume growth of exchanges because all I could think of right now is perhaps the exchange user base or the number of trended token listed on the exchange
4  Bitcoin / Bitcoin Discussion / BTC Now Official Currency in Lugano: Another Milestone for Cryptocurrency on: April 04, 2024, 05:16:47 PM
For those still skeptical about cryptocurrency's role in the future of finance, recent developments underscore its growing significance as a payment system.

With major institutions and countries embracing BTC as a legitimate form of payment, the security of BTC holders' future is increasingly evident. Notably, global giants such as Google, Microsoft, and Wikipedia now facilitate transactions in crypto.

While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
 https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-lugano
5  Local / Nigeria (Naija) / Is investing in exchange tokens profitable? on: April 03, 2024, 03:20:04 PM
If we are to consider the top 3 exchange tokens, Binance BNB, OKX OKB and Bitget BGB lead the race with BNB 5th, OKB 38th and BGB 61st according to coinmarketcap ranking.

Going by history, BNB was launched in July 2017 around $0.11 but reached an ATH of $686.31 on May 10, 2021 just after three years. Currently trading above $550, BNB has established itself as one of the top asset class to hold for many people coming into the crypto space. Can only imagine what to expect in this coming bullrun.

On the other hand, OKB was officially launched on March 2018 around $0.6 and have since witnessed remarkable growth reaching an ATH of $73.83 on March 13 2024 but currently trading around $56.63. That's quite impressive considering the listing price.

Lastly, BGB the native token of Bitget was launched on July 26 2021 at the rate of $0.05850. it gain adoption quickly and has been performing since then. The token has reached more than 15 new ATH from 2023 till date reaching multiple ATH in the last 24hrs. The current ATH stands at $1.37 but currently trading at $1.319. With a current mcap of almost $2B, the price is relatively low compared to the first two making it easily affordable to buy and hodl for future gains.

Although there are other exchange tokens that are also performing well but this three looks the best investment option looking at their respective ecosystem growth hence I feel they are good investment option with growth potential but I will like to hear your opinions. Do you HODL any of this tokens and what are your price expectation ahead of the upcoming bullrun.
6  Alternate cryptocurrencies / Altcoin Discussion / Real world asset (RWA) on the rise (ONDO pulling big surprise) on: March 30, 2024, 04:39:45 PM
Blockchain technology has impacted a lot of industry including the crypto industry and it seems as days go by, more use cases will continue to emerge.

Tokenization of real world asset is another area the blockchain technology has significantly make a remarkable impact by allowing investors have assess to certain investment options that ordinarily would have been impossible.

We have seen a significant increase in adoption of RWA assets recently and project like Maplefinance, Pendle and most significantly ONDO finance among others have witnessed remarkable adoption and growth.

One key factor I think could have facilitated this speedy growth of ONDO is the range of tokenized products it offers such as OUSG ( exposure to US Treasuries) OMMF ( exposure to US money market fund) and USDY ( a yield bearing-alternatives to conventional stablecoins) allowing investors worldwide to access key US- based asset classes in a tokenized format

With partnership with institutional giant like Blackrock and Morgan Stanley, ONDO stands at the forefront of integrating real-world financial assets with blockchain technology by helping to bridge the gap between traditional finance (Tradefi) and decentralized finance (Defi)

Since January till date, ONDO token has surged by over 400% indicating massive adoption and transition to RWA by great number of investors. It's important to note that ONDO now ranked among the top 100 cryptocurrency enjoying #85 spot on CMC with a mcap exceeding $1.3B.

While BTC and major altcoins like ETH are still rallying to find support, it looks like funds are currently being diverted into the tokenized ecosystem. Study from Bitget academy also shows that there is a high demand for tokenized assets and the future looks really bright for investors. What are your thoughts about this emerging narrative? Share your thought.
7  Alternate cryptocurrencies / Altcoin Discussion / What's your favorite crypto loan platform? on: March 29, 2024, 03:21:37 PM
Lending and borrowing of crypto assets has become an integral part of Defi over the last few years however, most of the platforms are faced with one issue or the other.

One of the major concerns especially from the borrowers has been the issue of over- collateralized loans with on-chain asset but am excited to announce to you all that this challenges has been taken care of by Goldfinch.

One of the unique standing point of Goldfinch is its unique credit model "trust through consensus" that evaluates borrowers creditworthiness based on their past behavior. In addition to this unprecedented approach, Goldfinch also accept off-chain assets and income as collateral marking a departure from the crypto lending norm.

With over $100M loans facilitated as far back as April 2023, Goldfinch has gained the heart of many crypto lovers and the company currently operates in over 28 countries including the U.S. A, Brazil, Mexico Asia, Nigeria and several others with goal of expanding to over 100 countries.

With Goldfinch, the issue of funding delays, Gatekeepers as evident in the traditional banks is eliminated giving users assess to the needed resources when it matters most. Similarly, LP enjoy an amazing passive income while borrowers enjoy incredible flexibility on their borrowed assets.

The native token of the Goldfinch GFI has witnessed incredible growth with potential to reach an unprecedented height as adoption continues to be on the rise. GFI has seen over 226% surge in the last 30 days with TVL exceeding $500M. The recent listing on other top CEX like Bitget indicates the demand and interest in the token which could further propel it to a new height.

With GFI use cases, I think it's a matter of time before the traditional bank losses its value especially with bogus interest rates charged for borrowing. Am super excited about Goldfinch growth and hope they keep the momentum going. What are your thoughts? Let's have your take.
8  Economy / Exchanges / What's your take on all CEX being regulated? on: March 29, 2024, 02:17:34 PM
If not DEX, then I think there is no way we can completely eradicate the issue of fraud from CEX except if they are in total compliance to government authorities. Most of us don't like that right? I know the answer is yes but for how long shall will continue to hear same stories once every two years or less.

Many of us are always fighting against SEC but I think it's high time we look at the positive side of the organization though I personally dislike Gary Gensler.

Few days ago, the issue of Kucoin was circulating about some of the exchange executive involvement in money laundering act, if not for SEC, perhaps we could be talking of another FTX right now which could have impacted the market negatively considering the size of Kucoin in the market. Anyways, am glad SBF has been sentenced and I hope this serves as deterrent to other crypto exchange executive but the question is should we leave our fate in the hands of this individuals. DEX on the other hand is not a soft landing as well due to its inherent nature and risk involvement.

Perhaps the reason I have a feeling all exchanges should be regulated. On the second thought, considering Nigerian government demanding for details of top traders from Binance due to the fiasco between the two, is it really safe for users as well? So many questions popping up in my head. Do you think we can get to a point where we can say an exchange has spent over 10 to 20 years without any drama. Do you see this possibility? Let's discuss
9  Alternate cryptocurrencies / Altcoin Discussion / VOYA: Arising horizon in the blockchain space. on: March 26, 2024, 07:10:51 AM
Blockchain technology has seen significant success and adoption over the last couple of years. Bitcoin & Ethereum blockchain has been the front runners but more innovations are emerging on a daily basis with solutions to some of the deficiencies of this two leading technology.

It is worthy to note that other blockchains like Solana, polygon and several others has equally made their marks in the blockchain and crypto world but a project that caught my attention recently is VOYA.

VOYA is the first fair launch BRC-20 token on Merlin chain. Merlin Chain isn't just another blockchain; it's a revolutionary Bitcoin Layer2 solution integrating ZK-Rollup technology, decentralized oracles, and on-chain BTC fraud proof modules. Powered by Bitmap Tech, Merlin Chain aims to enhance Bitcoin's protocols and products, making transactions faster, cheaper, and more scalable.

Merlin blockchain is currently among the top sought after blockchain by devs and VOYA been the first BRC-20 token on it is poised for greatness in the long run.

Currently listed on several top exchanges with Bitget the latest addition to the list, I think this project has a great potential but will like to know your thoughts about the project.
10  Alternate cryptocurrencies / Marketplace (Altcoins) / OKX announced exit from India and Australia market on: March 22, 2024, 01:56:41 PM
Few months ago, about 9 crypto exchanges including Binance, Kucoin, HTX (Huobi), MEXC and other were delisted by Indian government due to regulatory compliance issue but the likes of OKX, Bitget, WaziriX and few others were allowed to carry on operations but unfortunately, OKX has now announced its exit from the India market and gave a deadline of April 30th for users to withdraw their funds.

The reason for the exit is in connection to regulatory compliance as Indian government continues to intensify effort to regulate digital asset providers (exchanges) by including them in its AML framework dated back in March 2023 and requiring the exchanges to comply with the Financial Intelligence Unit India (FIU IND) standards.

In a similar development, the exchange has also exited the Australian market, stopping most of its major products including; Futures, copy trading and BOT trading as of March 20th 2024.

This new development has raised concerns from both the Indian and Australia users with potential of missing out as the market recovers from the recent adjustment of BTC and major altcoins.

While regulations has become very necessary in the crypto space due to past record of frauds from some exchanges, do you think there is something to worry about from crypto exchanges evading regulations?
11  Alternate cryptocurrencies / Altcoin Discussion / $BOME continues to BOOM. on: March 16, 2024, 09:37:43 AM
While the crypto market was bleeding yesterday with BTC retracing back to $66k dragging many altcoins & memecoin to the red zones. Solana based memecoin $BOME did more than 5× upon its initial listing on Bitget.

Created by a renowned crypto artist Darkfarms, BOME raised over 10k SOL in 24hrs which were added to the liquidity pool making the token the largest liquidity pool of any memecoin launched on Solana till date.

With a massive 100× from its launch 2 days ago, BOME boost of current $260M mcap compared to the $2.6M mcap before launch and an impressive $32M liquidity pool which now surpassed that of PANDORA.

 The popularity of BOME is unmatched and the token currently boost of over $35.8k on-chain holders and $500M trading volume in less than 24hrs since TGE, BOME is showing signs of being the top memecoin in the solana ecosystem but only time shall tell if it will flip BONK eventually.

The social sentiment is massive no wonder the project gains exceed 70× in less than 24hrs of listing with observers keenly noting that the project has 13× growth potential compared to PEPE.

With Binance now announcing that BOME is available on their derivative platform, we could be seeing the token hit another milestone records in couple of days from here hence I think it's still a good time to enter the train and be among the early birds.

Anyone out here riding the bullish wave of BOME. Com'on share the excitement in the comment section.
12  Alternate cryptocurrencies / Altcoin Discussion / Why you need to have spare USDT in this bullrun. on: March 15, 2024, 11:38:55 PM
Couple of weeks ago, a friend told me about a new memecoin Gecko Inu (GEC). As at that time, the mcap was below $2.5M & I was like this could be another rugpull but as an investor, it's sometimes necessary to take some calculated risk so i invested some few $$$.

Surprisingly, the token started to trend and in less than 33 days, mcap has now surpassed $16M with prominent exchanges now listing it. My 2024 would have been sealed had it been I also took heed to invest in BRETT and BOME which have equally done massively well.

With the realization of what appeared to be dream, it looks like some new projects could be the centre of attraction in this coming bullrun as investors are looking for ways to maximize profits by being among the early birds in a particular project hence the reason you need to have some USDT kept aside to take advantage of this evolving new projects. What are your thoughts about this? Let's discuss.
13  Economy / Marketplace / Passively earning in crypto without trading. on: March 13, 2024, 09:01:58 AM
There is a lot of transformation and development that has happened in the crypto space over the last decade. Back in the days, investors have to buy BTC and HODL for long timeand wait for the bullrun to earn. Along the line, crypto trading came up which has been an integral part of crypto since its introduction.

In order to bring more passive means of earning, staking, savings and lots of innovation came up to reward investors who are not willing to embark on trading but also want to earn from their crypto holdings. This strategy was quite more rampant during the bear market where products like Binance launchpool, high yield earns and Bitget sharkfin, dual investment and the rest where the best strategy to navigate the storm of the season.

With the bull market insight, seems a lot of people are enjoying the pumps from several coins they have invested in during the bear market but for those that didn't invest during that period, this product can still be utilized as the APRs have increased significantly unlike the bear market.

Or are there other passive ways of earning you will recommend for those that already missed the ongoing pump and are skeptical of price dumping on them?
14  Alternate cryptocurrencies / Altcoin Discussion / Which game currently have you glued to your screen. on: March 12, 2024, 05:44:57 PM
Honestly, the gaming industry is becoming bigger and better as more investors continues to pump in more money towards the sector. Recently I played some games from the $BLOCK, $DOT and $OGC gaming platform and I had a treat in a long while especially with the WARPATH game. This arouse my interest to explore more gaming project and I discovered another web3 metaverse game project called FlappyMoonbird.

I recently played their AI Birdnopoly and FlappyMoonbird demo release and it was quite thrilling. The interesting part is that players gets to play for free and earn mystery boxes and also earn $FMB tokens which is already tradable on top tier exchanges.

Which other games are you playing right now and earning free tokens?
15  Alternate cryptocurrencies / Altcoin Discussion / Anticipation mount ahead of scallop launch and airdrop. on: March 08, 2024, 12:38:21 PM
In the midst of the current market sentiment, the unveiling of a project like scallop with such high quality and potential is indeed a refreshing sight.

Observing the significant growth the project has experienced from its incubation phase to the imminent launch, investors are eagerly anticipating a successful debut.

With a Total Value Locked (TVL) surpassing $117 million, SCA holds its position as the premier lending protocol within the SUI ecosystem.

With only 14.2% of the initial circulating supply out of the total 250 million tokens, investors are expecting an auspicious launch price. Supported by prestigious investors such as CMS Holdings, 6MV, SUI, AC Capital, UOB Ventures, and backed by prominent exchanges like Bitget, there is a sense of optimism that SCA will generously reward its early adopters and investors.

What are your impressions on this exciting development?
16  Local / Nigeria (Naija) / Nigeria House of Representative summons Binance CEO on: March 04, 2024, 02:23:57 PM
The clash between the Nigerian government and Binance has ignited uncertainty among users, leaving many wondering about their future in the crypto space.

Recent reports suggesting that Binance and other platforms are contributing to the devaluation of the Naira against the dollar have further fueled the government's determination to shut down the exchange. Despite longstanding accusations of illegal activities, it appears that recent events have pushed the government to escalate its actions.

With the exchange's P2P platform disabled and a staggering $10 billion fine imposed for alleged illegal operations, the situation has reached a critical juncture. This hefty penalty follows last year's $4.3 billion fine imposed by the SEC, underscoring the severity of the government's stance.

However, the astronomical sum demanded by the Nigerian government raises eyebrows. While Binance has faced regulatory challenges in other regions, its resilience and market dominance have remained intact. Yet, the potential ramifications of losing access to a strategic crypto hub like Nigeria cannot be overlooked.

With the recent report of Nigeria legislative arm of government (House of representative) inviting Binance CEO Richard Teng and giving 7 days ultimatum to appear the house on allegation of terrorist financing and money laundering amongst other charges, it remains to be determined whether Binance will still have a smooth running in the country
https://punchng.com/reps-summon-binance-boss-over-alleged-terrorism-financing/

As users contemplate the uncertain future of Binance in Nigeria, the search for viable alternatives intensifies. While other centralized exchanges (CEX) continue to operate in the country, the looming question remains: which platform will emerge as the most reliable alternative should the worst-case scenario unfold? (Edited)
17  Alternate cryptocurrencies / Altcoin Discussion / How Are You Identifying Potential Coins for the Bull Run? on: March 01, 2024, 03:12:50 PM
After enduring a bear market for two years, witnessing the recent surge in cryptocurrency prices feels like spotting bubbles in the sky. It's a refreshing change, and I must admit, it's quite unexpected.

Earlier this year, while discussing strategies with friends for the year ahead, we anticipated joining the market trend post-halving, typically when the bull run gains momentum. However, the rapid surge in prices, particularly of cryptocurrencies like BTC and ETH, caught us off guard. Consequently, we're exploring alternative avenues.

Despite the market's volatility, numerous promising projects have surfaced recently. After thorough analysis, many of these projects exhibit significant potential and are already listed on top exchanges. Tokens such as $MANTA, $ALT, GPT, and $PIXEL have particularly captured my attention.

It's crucial to acknowledge the presence of numerous rug-pull projects amid this influx of new ventures. Despite this risk, I remain optimistic about identifying solid investment opportunities.

Given the impending bull run, I'm interested in learning about the strategies others are employing to select tokens for investment.
18  Alternate cryptocurrencies / Altcoin Discussion / Which crypto project do you think could spring up surprises in this bullrun? on: March 01, 2024, 09:07:50 AM
I recently did a study and found out that AI projects could be the highest gainer in this coming bullrun, if you are watchful enough, you will realise that tokens like TAO, FET, ARKM among other AI projects are on another level gaining spontaneously.

Another area users are investing heavily is the gamefi project and we have also seen from the beginning of 2024, how gameFi project has been fairing.

One area that I paid less attention to was memecoin projects and it's surprising to see they are actually among the top trending tokens recently with more capital inflow on a daily basis. Tokens like PEPE, BONK, GROK, WOJAK, LADYS, AIDOGE among several other meme tokens have also skyrocketed raising eyebrow as to what to expect in this bullrun. As a matter of fact, I saw an article saying memecoin will constitute about 5-10% of the total crypto market cap in this bullrun and that is a very huge number if that proofs to be true.

With memecoin maintaining top gainers across various exchanges, a lot has changed and it's rather funny seeing people no longer seeing memecoin has project that could rekt them. On the other side, I have also seen a lot of promotions by exchanges giving out cool rewards by trading this coins. Am a bit tempted to join the ride after seeing pepe did like 3× in just few days but am also skeptical about this shitcoins dumping hard on late investors. Do you think there is still a long way to go for memecoins ahead of the bullrun?
19  Alternate cryptocurrencies / Altcoin Discussion / Beyond Boundaries: Exploring SLN - Unveiling Tomorrow's Digital Frontier on: February 26, 2024, 05:19:00 PM
Imagine a world where tokens are not just static assets but dynamic entities with executable scripts, thanks to ERC-5169 and TokenScript brought to life by the ingenious minds at Smart Layer. These technologies empower tokens to carry out intricate logic and front-end interactions, opening doors to endless possibilities.

Trusted by over 1200 developers and 30 major brands, Smart Layer isn't just a concept; it's a proven solution embraced by industry leaders for its ability to tackle integration, privacy, and trust head-on. It's more than just a suite of technologies; it's a catalyst for the tokenized web revolution.

At its core, Smart Layer introduces a paradigm shift, ushering in a trustless environment where token logic reigns supreme. Smart Tokens, the building blocks of this new era, encapsulate business logic in a blockchain-based format, enabling seamless interactions across systems and tokens.

Tokenization becomes the linchpin of this transformative journey, as goods, services, and digital rights morph into programmable tokens. This not only streamlines integration but also fosters frictionless markets and empowers users in the digital realm.

As we look ahead to the next generation of the web, Smart Layer stands tall as the integration bus, connecting disparate systems and enabling limitless possibilities. It's not just about decentralized execution; it's about scalability, security, and a decentralized future where interactions are complex yet seamless.

In this narrative of innovation, the Smart Layer isn't just a piece of the puzzle; it's the cornerstone of the Internet's future, a programmable service network facilitating decentralized interactions and shaping the digital landscape for generations to come.

Am completely immersed with the ideology that this amazing innovation will reign supreme in this evolving industry and the tokens holders will have every reason to celebrate in the nearest future. Do you guys share the same sentiment or you think it's another over hyped project.
20  Economy / Speculation / BTC above $53k on: February 26, 2024, 05:00:02 PM
I have read often times that price of BTC usually dump before the halving and pick up after halving but it's looking as if there is going to be an exception to this rule this year now that Bitcoin ETF has already been approved and lots of instructional buying going on.

With BTC constantly going up and as we approach March I'm just few days? Do you think we are going to see any major corrections before the halving?
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