How To Make Money In A Crypto Bull Run And The Vital Signs You Must Know

A crypto bull run presents an opportunity for early investors to make above-normal profits. Here are the vital signs that you need to know.

3 unmistakable vital signs of a crypto bull run

Cryptocurrencies in general aren’t yet general-use currencies, or at least not for most people. While the account of investors who own and trade them grows every day, they’re still mainly used as speculative currencies and fast money moves.

The direct result of this is that the crypto market behaves more closely to the stock market than the currency flip– with regular, often long, bull and bear runs that can make or destroy fortunes. For traders, this means that they need to keep an eye on the prices of cryptocurrencies and also for signs that a token might be entering a bear or a bull run.

How to spot a bull run

The earlier a trader can identify a bull run, the better. Being able to tell when a bull market starts means having a headstart on profitable investments, thus maximizing profit. Luckily for many traders, decades of stock market trading and observation have armed us to know when a cryptocurrency is entering a bullish market. Several of the signs for this are:

A sharp drop followed by immediate recovery

The first step in learning how to make money in a crypto bull run is to know the vital signs. Crypto prices, just as stock prices, sometimes see sudden variations. These sudden price changes are often caused by external factors or unexpected news that lead people to suddenly lose trust in the cryptocurrency. The disenchanted then dump their crypto immediately, causing an offer overflow against a steady or dwindling demand that brings prices down.

The thing is, the despair that leads crypto investors to immediately sell all they have isn’t necessarily shared by everyone else. Spurred by the sudden price drop, other traders might see opportunity and decide to buy – turning a sudden, sharp decline into a steep rise.

When this happens, a bull run is likely – as quite often prices recover in the short-term to at least the same levels they had before the crash. In many cases, the post-crash prices can even go higher than pre-crash threshold, leading to even higher profits for those who recognized the opportunity.

Unstable prices can breed bull markets

A more common type of bull run is often dictated by short to mid-term pricing data: A currency whose price goes up, then down, then up again might be entering a bull market.

This follows the same logic as above, to some degree: Before prices start to go high, they first go low, although not necessarily as suddenly as in the previous example. Chart analysts usually refer to “M patterns” and “W patterns” to signal expected behavior in a cryptocurrency.

An M pattern is a bad one – it’s the pattern drawn in the graph when a price rises, then lowers, then rises… only to then lower again and continue its way down. An M pattern is a sign of a likely, but not assured, bear run.

For bull runs, it’s the W pattern you want to see: A downward trend switches direction, the price hike is short-lived before it starts going down again, and then before long it goes up – that’s a sign of a likely bull market. The W is created by market forces (offer/demand and prices) stabilizing over a period of time, and then the proper bull market begins.

Do note that an M pattern can give way to a W pattern and otherwise, so it’s always good to keep an eye out on market behavior – as these patterns don’t guarantee a bull or bear market. They’re just predictors.

Large gaps in the order book

All cryptocurrencies – and stocks, and valuables – are traded via order books. Sell orders are placed by people who own crypto and want to sell it at a certain price, while buy orders are placed by people with money, hoping somebody will sell them crypto at specific prices too.

There’s always a gap between buy and sell orders, which is usually where offer and demand meet, giving place to the standardized price for a cryptocurrency at any given moment.

The gap, however, is usually very small. When this gap looms large, it can be a sign of an incoming bull run.

Essentially, a large gap between the prices of sell and buy orders means there’s a hole in the market – for example, if the lowest sell order sits at $10,000 and the highest buy order sits at $9,000, then it’s easy to tell the market is due for a correction somewhere in between. This correction often comes in the form of a bull run.

The bull runs caused by large gaps can be short-lived, but they can be extremely valuable for those who learn to spot said patterns, as they can then make decent to large ROIs over a short time.

Other indicators

The above are only a few of the more obvious indicators of incoming bull runs for cryptocurrencies. There are more, and there are some that can only be predicted by looking outside the market: External events and news.

It’s not uncommon for a cryptocurrency to have its price go up when large developments are announced – but the detail here is, those large developments often have been on the cards. Just as well, an external event that drops the price of a token due to, for example, political reasons, could well drive down the prices of others in the short run.

In truth, the best way to predict the market falls somewhere in between the charts and the news. Charts tell pricing story independent from the market itself. News tell you what’s going on, but not how prices are acting at that moment. Know what’s going on in both sides, however, and you might be able to predict the future of the market.

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The Big Breakout of Uniswap, Justswap, Trustswap, and The Incredible ROI As DeFi Unfolds

DeFi is unfolding across the globe, and it has shown that crypto and blockchain seems to be bottomless. What can you do with ROI for DeFi projects hitting the roof?

Many people are still trying to come to grips with how the DeFi world works. To the uninitiated, it is the borderless outcome of decentralization that is yielding fruits. Blockchain has brought a new frontier to the global finance landscape, and now, the centralized banking regulators across the globe are scrambling to keep up.

Justswap, Binance Smartchain, Uniswap and Anyswap, are just a few of the major players in the unfolding world of token swap and the unfolding world of DeFi.

Enter Uniswap

Uniswap emerged as the first real proof the cryptocurrencies and blockchain are bottomless. After an amazing three year run of Bitcoin and thee altcoins, 2020 opened a new vista for investors to see first-hand, another side of the crypto revolution. Leveraged trading is an area of crypto finance that reports ROI like DeFi, but it is centralized and far more volatile.

Decentralized finance exemplified by Uniswap makes it possible for investors to access liquidity or trade the same for value when they trade against a smart contract -driven pool of assets. When an investor adds individual assets to the Unipool, they are able to earn a share of profits generated. Payouts are made possible using ether or tokens.

In simple terms, it is akin to bringing your funds to a bank, and you earn an interest for the funds deposited. And in addition, a share of the bank’s dividends. However, the reverse is also true: if the market faces a downturn, the ratio of deposited tokens to the number of requests for liquidity will be tilted, making net earnings to plummet.

In a scenario like this, the value of your pool deposits will also shrink as deposits outstrip requests within the pool. While such scenarios as above has occurred this year, they were short-lived spasms that soon gave way to positive earnings.

The Uniswap model is very much what obtains with other yield farming upstarts like Anyswap, Sushiswap and others. While there are bits of differences, they are all variants of the same thing. Liquidity pools might differ from one platform to another in terms of rates and charges. Essentially, it is important to say that there are no centralized order books like traditional exchanges.

What DeFi Platforms Trade In

Many DeFi platforms are based on the Ethereum protocol as a result of its ready-to-use smart contract functionality. Smart contracts automatically initiate and complete transactions between parties while accurately ensuring adherence to the terms of agreement.

In recent weeks, other cross platform DeFi projects have entered the fray. Tron ecosystem and the Binance Chain has also launched DeFi platforms that are resourced to seamlessly transact with Ethereum blockchain. Most tokens used are either ERC-20 based or are compliant with other recent ERCs like 223, 777 and 721.

Benefits of Decentralized Finance

What Defi has made possible for yield farmers can be itemized. There are several bright spots to the whole new world of DeFi.

Ease of transactions

Transaction ease stands out as a leading advantage here. No one has to commute or travel to a certain physical location to complete a transaction. With an internet service in place, you only need to navigate to the website, connect your ERC-20 or similar wallet, and start earning.

Seamless returns on investment

There are no bottlenecks to earning here. As the t fixed duration-pools mature, payouts are made to investors. These payouts go directly to your wallet and whether it is midnight or noon day, you can access your wallet and swap for fiat or use the tokens as you wish.

You can also decide to remove your wallets from the pool and exit with no delays.

Bureaucracy is eliminated

One of the leading features of the modern day is an increasing intolerance to bureaucracies. DeFi does this so well that you do not have to bother about moving from a table to the other to complete forms or authorization. Smart contracts have made life easier and dismantled bottlenecks on the pathway of productivity.

Must-Read : As The Crypto Spring Becomes Evident,Here Are The Top 3 DeFi Leaders In H2 2020

The Easier Path to Launch Newer Tokens

With DeFi, newer tokens have a short cut to fame and acceptance. For example, YFI made its mark in 2020 not as a traditional crypto like BTC, but rather as a DeFi creation. On YFI platform, the token is used to remunerate investors on the platform. Its initial issuance was done to fund the platform sustenance and governance.

Other projects like Sun crypto was created also to remunerate users of the new Tron DeFi platform which will also run like Uniswap. Binance Chain has launched its service, and this will also incentivize users with its native BNB.

Last Words

As long as there is credibility and clear governance structures, yield farming and related projects open a new frontier for investors around the globe. It is also good to note that in the world of investment, you must never put in more than what you cannot afford to lose.

In Rideshare Disruption, Here Is How Cryptocurrency Payments Can Boost Local Economies And Make The Greater Good Possible

Rideshare is becoming the norm in many parts of the globe. It is a chance to promote the greater good in local communities. Here is how this can happen with crypto payments

When blockchain appeared nascent, not many people gave it a chance to make a difference. However, keen tech watchers knew that like the Internet, it was sure to stand the test of time. Cryptocurrencies have emerged as a major face of what blockchain tech can do.

Utilizing the idea of crypto payments for rideshare is basic. One great side to crypto adoption is the inevitability of decentralization. To couple the benefits of breaking down centralized systems in transportation and payments for services can be a game-changer.

How Rideshare tech works

Open the application and press the find button to locate a driver. Drivers in the zone will get a notification, and when a driver acknowledges, the rider and the driver can be linked up using the Geo-find feature.

The success of a rideshare innovation is such that municipal governments, businesses and individuals can leverage it for the betterment of the local economy. Employment opportunities for the people in the locality can be boosted and productivity will be on the upswing.

Be that as it may, paying with cash could sometimes be a limitation., as it does not offer the sort of recognizable proof confirmation that other methods offer. Also carrying cash around might be dangerous due to the crime rate in the area. Due to this factor, the rideshare can get integrated into the blockchain innovation.

Why an outright prescription in payment method could be a limiting factor in some areas, the open customizable nature of blockchain tech allows for preferences.

The developments along these lines shows that forerunners in the rideshare business are losing out in market share for far-flung areas by centralizing operations in cities. Therefore, local organizations and companies can explore options so that ride share be accepted globally beyond (beyond city centers.)

The above is a win-win situation for everybody such that the rideshare companies make more money, and it helps in the ease of transportation within those areas, also providing employment opportunities to people of the region.

Business and Social Boost

Utilization of blockchain innovation is for all intents and purposes necessary in the use of rideshare apps, and it is extremely positive to see a few organizations attempting to induce this idea into their various plans of action. Some of these have already started seeing the positive side of this blockchain invention in their ride-sharing application. The ride-sharing economy is increasing rapidly and consolidating intense types of innovation which will prompt future advancement.

With regards to understanding the idea of ridesharing, the essential objective is to reduce the number of vehicles on the road. As opposed to including new vehicles on the streets. Some of these organizations hope to benefit as much as possible from the operating system of ridesharing and are also looking at how they can benefit from blockchain-based rideshare apps.

Rideshare organizations like Uber and Lyft are handling this issue also, although they are in full control of the clients. But for clarity, it is necessary to understand that an open-source innovation is viable. This will help to increase their appeal to the public and give people an edge with the many possibilities of blockchain technology.

Better Credibility

Decentralizing transportation is not an amazingly easy task, but the presentation of blockchain innovation makes a lot of difference. The consideration is beyond the ease of settling cost by individuals, and as credibility is boosted considerably.

An area of benefit is that this development would encourage record keeping in transactions that are being made, thus encouraging transparency among the drivers. Furthermore, the appropriated record innovation would enable the organization to take correct payment percentages from their drivers.

It is sure that these ridesharing companies would make more money wherever they choose to operate. Also, companies can avoid claims of driver exploitation as both parties would have relevant records and receipts to fall back to in the case that this leads to a legal issue.

Better Employment Numbers

Another advantage of this in all regions of the country is that most drivers are scared to work in regions that are dangerous and known for the high crime rate. But once the rideshare app is being incorporated into the blockchain, it would limit the amount of cash that a driver would have in hand, hence it would discourage criminals from trying to rob the car.

Last Words

The basic idea behind crypto payments for rideshare is that non-cash payments is less prone to theft. On the flipside, once ridesharing is decentralized, the regions of high crime rate may experience a reduction in crime rate. This basis for this optimism is that some criminal activities are caused by lack of adequate employment in the area.

With the decentralizing of rideshare, this would give employment opportunities to the people that stay in these regions. This is an especially important advantage of the global acceptation of ridesharing.

Must-Read: Why Supporting a Local Economy is a Boost For Entrepreneurial Efforts

Are You Looking To Finance That Cryptocurrency Project ? Here Are The Leading IEO Options You Need To Know

IEO is a major means of business finance in the crypto scene. Here is how this works in two of the leading crypto exchange.

The crypto scene has witnessed a surge in several projects with some merely riding the crypto wave, and others making a real global impact. The most notable projects, for all we know, have come off the Ethereum blockchain due to its versatility, and we can only expect more to unfold in the coming months.

Do you intend funding a crypto project in the remainder of 2020? If yes, you must first know that, at the moment, there are a plethora of projects out there, and it can be overwhelming to just pick one and fork out liquidity. Hence, the need to focus on the legitimate cryptocurrency projects whose uses cases are providing massive global value.

Let’s take a look at the top 2 leading platforms to explore when funding a crypto project. This two are by no means the best, but they are platforms that have continued to generate positive feedback and push the usage of Ethereum and the general adoption of cryptos.

Binance Launchpad

Binance Launchpad is the exclusive sales platform of the Binance Ecosystem where tokens are launched and traded – more like a fundraising event. Binance users on this platform are afforded the opportunity to invest in new and transformative projects using their Binance Coin (BNB).

The idea is to ensure that projects can be continually funded with the liquidity obtained from Binance users, to drive the mainstream adoption of cryptos. Some successful crypto projects on this platform’s launchpad include Band Protocol, Kava, Troy, WazirX and Cartesi.

Why Should You Explore Binance Launchpad?

The Binance launchpad enlists projects and provides in-depth reviews about every single one of them via its research centre. These projects are open to all Binance users and investments can be acquired through a lottery token system.

However, prior to enlisting a project on the Binance Launchpad platform, it is subjected to a rigorous verification process to ascertain its compliance with the established Binance standards.

This platform ensures that the crypto project is:

Made up of a goal-oriented team;

Relatively matured and in the developmental stage;

Ready for large scale operation

Poised for expansion towards a larger crypto ecosystem

Post-verification, the project is then hosted and made available to verified users of the platform. It is good practice to have a thorough read of the report provided on any project before sanctioning any kind of investment. Taking the advice provided by the research centre to heart will help guide your decisions and ensure that your first Binance Launchpad investment is successful.

Bitmex IEO Launchpad

Bitmex IEO Launchpad is another leading platform to explore when looking at funding a crypto project. Exchanges host crypto projects on their platform to attract massive interest, while also keeping up with the demand of the market – Bitmex is no different.

Let’s examine what “IEO” means for Bitmex Launchpad, and how it makes it the place to go when looking at funding crypto projects.

IEO and Bitmex Launchpad

Initial Exchange Offering or IEO for short is a token trade held on crypto exchanges. Depending on how an Initial Exchange Offering is planned, it works seamlessly on several crypto exchanges.

IEO enables the Bitmex Launchpad platform to create a pool where developers trade crypto projects and tokens with investors and enthusiasts. In contrast to ICOs, IEOs have been generating more positive reviews, ad they are a better alternative, hence, the peculiarity of the Bitmex Launchpad platform.

Why Should You Explore Bitmex IEO Launchpad?

Just like with the Binance Launchpad platform, projects are painstakingly reviewed to ascertain their authenticity and reliability based on certain pre-established conditions. Once the project meets the set criteria, the Bitmex IEO Launchpad team will go on to announce token sales and the price per token.

Additionally, IEO platforms are user-friendly and they improve trust levels among crypto projects. IEO tackles the problem of poor returns on investment experienced by ICOs.

You Must Read: As The Crypto Spring Becomes Evident,Here Are The Top 3 DeFi Leaders In H2 2020

The Rise and Rise of DeFi, And All You Need To Know About The 3 Leading Yield Farming Global Platforms

As the crypto market develops, the rise of yield farming seems to have taken many people by surprise. Here is all you need to know.

The cryptocurrency world is always buzzing with several options on how to make money, and yield farming is yet another that promises massive returns. If you’re a Decentralized Finance (DeFi) systems enthusiast, then you must have encountered “yield farming” a couple of times.

With the booming expectations in the DeFi space right now , let’s have a look at what you need to know about yield farming and some of its high-flying platforms to explore.

Yield Farming – What is it about?

Yield farming (or liquidity harvesting) is a creative and well-managed process that productively put crypto tokens to use in a DeFi market, and also offer investors (better known as liquidity providers) the freedom to switch in-between protocols to maximize ROI.

Simply put, consider yield farming as similar to depositing liquidity in traditional banks to facilitate loans with the aim of getting returns. However, in this case, cryptocurrency is the central entity.

Yield farming became popular after the breakout of Compound (COMP) governance token. It is facilitated by ERC-20 tokens on the Ethereum blockchain, and it offers a means to passively earn some income.

The returns on yield farming are only enticing for liquidity providers if the coin in question experiences rapid and significant appreciation.

So How Exactly Does Yield Farming Work

The basic approach here is lending cryptocurrency to speculative borrowers through decentralized applications (dapps) such as Compound, a leading player in the DeFi space.

The obtainable interest from lending is largely dependent on market demand, but for every time you engage the services of Compound, you’ll receive Comp coins together with interest and other charges. As already established, if the value of Comp token appreciates significantly, returns also skyrocket.

Apart from Compound, other platforms in the liquidity harvesting space are Curve, Uniswap, Synthetix, Ren, etc. At the moment, these entities hold billions of dollars in aggregate liquidity known as total value locked (TLV).

The higher the TLV, the more yield farming can occur. Additionally, yield farmers are allowed to actively participate in the development and governance of these platforms. Contrasted, these farmers are mostly speculators who just want to earn massive APR using the “move it here and there” strategy, as symptomatic of crypto trading.

Yield Farming Associated Risks – Are There Any?

Just like the farmlands of actual farmers can be ruined by pests, rodents and harsh climatic changes, yield farming is not risk-free. The headline risks in yield farming originate from price oracles, smart contracts, exchange rates, governance practices, etc.

The good and the bad is the permissionless and interdependent nature of DeFi protocols. This poses a problem when an entity goes sub-optimal or runs into operational crisis, and the entire ecosystem takes the impact.

You Must Read: 7 Funding Options You Can Explore To Make Your Business Dreams Come True

Top 3 Platforms to Explore

Yield farming strategies are not static, and each platform has its rules and associated risks. Here are the top three most popular platforms to explore:

Compound(Comp)

This platform is an algorithmic financial market that thrives on the exchange of assets between lenders and borrowers. An Ethereum wallet is all that’s required to become a liquidity provider (LP) on Compound and begin to earn amazing rewards. The reward rates are constantly adjusted by algorithmic protocols to reflect the realities of market demand and supply.

Compound is an integral entity of the yield farming network and its worth exploring.

Curve

Curve is a decentralized asset exchange pool on the Ethereum blockchain that’s specifically designed to enhance the trading of stablecoin. Unlike other DeFi platforms, Curve offers low slippage and high-value stablecoin exchange.

The yield farming stage has enjoyed an abundance of stablecoins, thereby making Curve an integral part of its architecture.

Uniswap

Uniswap is another popular – yield farming – platform to explore. It facilitates the trustless and rapid exchange of crypto assets through its decentralized protocol. Here, (liquidity pools)LPs create a marketplace by depositing the equivalent value of a market pair of any token.

The above creates a liquidity pool for traders to leverage on, and in return for LPs, they earn rewards for the trade volume they generate. The trustless and frictionless nature of the Uniswap platform can come in really handy for yield farmers.

What’s in the Future for Yield Farming?

Since the advent of the Compound token, the DeFi space has continued to experience a new wave of thinking. However, negative spikes cannot be ruled out in the future. The good news is, yield farming is still in its infancy, and as it becomes more robust, stakeholders will invent new projects and protocols to enhance liquidity incentives.

Although a risky place to invest your liquidity, yield farming is moving fast and offers huge interest rates, and this could continue.