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Gambling on Crypto Market, Whale Methodology, True Value Recognition of Altcoin

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Sajjad Hussain
Photo by Keenan Constance on Unsplash

After the crypto market recent dip tens of thousands of people lost their money, wealthy investors think that this dip is really cool but ordinary investors paid the prices of their ignorance, if the whale switch off the gamble then you won’t be able to win a few times until the same whale switch on the gamble. Historically only a few really make money in a bull market and their proportion is too small, many people think that they are the lucky winners of the bull market but accumulatively 95% of the investors are the losers while only 5% reach their goals.

It is obvious that traders who entered first are winners in the crypto market and definitely create enough money, the late entries never achieved such success, if you pick some new altcoin you need to check the attached financial concepts with the crypto asset, the altcoin must reflect back its original value, recognition, and acceptance, however, the crypto asset is the code, speculators always comparing the crypto asset with other valuable items, previously they matched Bitcoin with gold, blockchain programmers skills not enough to form the value and recognition of the crypto asset, but only with the help of some whale on Wall Street.

When the price of altcoin is at the bottom or worthless the whale bought the altcoin in large quantities, then sending out the winds of thought to market about the worth of the altcoin, different speculators will start forecasting the true value behind the altcoin when the market started picking up the number of altcoin on the market are exchanged, the key point here is that the major altcoins are in the hands of the whale, and he uses his real money to exchange the altcoin.

The whale has real money that linked with the financial market and the crypto asset, whale wants to develop the bridge between the altcoin and actual currency, under the hype of whale, the altcoin value identity developed among people and investors, the merchants, and financial service providers seek only the whale’s company to exchange for real currency, the whale has money and withstood the pressure, and he sold his crypto assets to make a lot of money.

After making enough money the whale wants to send the winds to the market that this crypto asset is worthless and already in the air, the whale made a lot of money to sell and the rest investors were left while holding altcoins, whale stops the accepting altcoin anymore, then you know the final result the coin is nothing and not have true value.

The Crypto market is a virtual gamble across the globe, for those whales who did not participate, they might as well start another round of the game, due to the expertise they have, always play well and control the gamble all the time, there are many altcoins available for gamble the essence always lies in imitating the gameplay.

Without the participation of whales, no one can generate the value of the altcoin and recognized the true value of the altcoin, when the coin has not recognition of value, it’s only in the air and misrepresent in the currency concepts once the value is unrecognized, it is denied by anyone in the market, whales use media to fool people, and agree them to accept the value of the altcoin.

Source: https://medium.com/cryptocurrencies-ups-and-down/gambling-on-crypto-market-whale-methodology-true-value-recognition-of-altcoin-5fc2a753a135?source=rss——-8—————–cryptocurrency

Blockchain

Citizens of El Salvador To Receive $30 in Bitcoin as the Law Will be Implemented In September

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The President of El Salvador Nayib Bukele has announced that bitcoin’s legal tender status will take effect in the country on September 7th, 2021. In addition, the government will give El Salvadoran citizens $30 worth of bitcoin.

  • Bukele made the statement during a national address on Friday (June 25th, 2021). The El Savaldoran President’s announcement comes after the country’s supermajority voted in favor of his Bitcoin plan to make the largest cryptocurrency the country’s second legal tender earlier in June.
  • Apart from the news of the Bitcoin law taking effect, President Bukele also revealed the creation of a new BTC wallet called Chivo.
  • According to him, every adult who signs up on the wallet will receive $30 worth of bitcoin. This effort could encourage increased adoption of the cryptocurrency.
  • Earlier, El Salvador’s President said that individuals who invest 3 BTC into the country’s economy would be awarded citizenship.
  • Although the World Bank and the International Monetary Fund (IMF) are not in support of the Central American country’s bitcoin adoption, the latest developments indicate that El Salvador is not going to give up its plans.
  • President Bukele’s plan has also faced opposition within the country. Some members of the Farabundo Martí National Liberation Front (FMLN), one of El Salvador’s major political parties, called the Bitcoin Law illegal, adding that it was harmful and was also designed to loot the people’s pockets.
  • However, the President, in his recent address, refuted the claims, stating that bitcoin will instead benefit the people and move the country forward.

Featured Image Courtesy of Reuters

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Source: https://cryptopotato.com/citizens-of-el-salvador-to-receive-30-in-bitcoin-as-the-law-will-be-implemented-in-september/

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Ethereum Testnet Burns 88K ETH in Preparation for EIP-1559

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Ethereum’s London hard fork launched on the Ropsten testnet on June 24 in preparation for the mainnet rollout in July.

The upgrade will usher in the implementation of the highly anticipated EIP-1559 modification that will adjust the Ethereum transaction fee calculation mechanism.

The next phase in the London hard fork rollout is deployment on the Goerli testnet which is scheduled for June 30. Following that, it will be launched on the Rinkeby testnet on July 7 and then mainnet later in the month.

Watch The Burn

Part of the EIP-1559 mechanism, aside from changing the fee auction structure, is to burn the “base fee” which will make the Ethereum economy deflationary over time.

A website called Watch The Burn has been set up to see this in action. At the time of press, 88,483 ETH had been burned on the testnet. This is equivalent to around $177 million at current prices.


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Ethereum software solutions firm ConsenSys estimates that the annual supply change will be minus 1.6 million ETH. At current prices, this equates to the burning of $3.2 billion in ETH which will reduce the annual supply rate by 1.4%.

The deflationary properties of the network will be further compounded when proof-of-stake launches on mainnet for ETH 2.0 in 2022 some time and the asset is no longer mined.

In February, Predictions Global founder Ryan Berckmans detailed how, in his opinion, Ethereum prices could surge to five figures through these deflationary mechanisms. He argued that this effectively gives ETH back to holders and not miners as the asset increases in scarcity through fee burns.

Unfortunately, hopes of major gas savings from the upgrade have been dashed. ConsenSys confirmed that it was not the intent of the EIP, adding:

“As a side effect of a more predictable base fee, EIP-1559 may lead to some reduction in gas prices if we assume that fee predictability means users will overpay for gas less frequently.”

Ethereum Prices Lackluster

Ethereum prices had regained the psychological $2,000 level at the time of press. The asset has gained 4.2% on the day but remains in a downtrend.

CoinGecko has reported a 20% decline in the price of ETH over the past fortnight. The world’s number two crypto asset is currently 54% down from its all-time high of $4,350 on May 12.

So there may be a bit longer to wait before these properties of scarcity and demand are reflected in its price action.

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Source: https://cryptopotato.com/ethereum-testnet-burns-88k-eth-in-preparation-for-eip-1559/

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Leonicorn Swap to launch a viral campaign

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The Leonicorn Swap platform has many features such as NFT, IDO, and Lottery, making it the most advanced AMM platform for customers. It is the best marketplace that offers all users trading opportunities with liquidity for their market projects. 

The best part of the platform is the ease of buying and selling NFT and raising other funds for all personalized projects, including IDO or IFO. It is decentralized with a natural network to provide advanced DeFi tools and products. 

The success of the platform, like any other blockchain startup, depends on its community. The community must be active, engaged in a proper manner, and passionate about all these features provided. The products and services offered by the crypto projects should offer the community an interceptive platform to trade and sell.

Viral campaigns are part of the success of making any platform surge high in the market.  Notably, the Lonicorn community has not disappointed. The community has massively taken up the different challenges with some getting the opportunity to win amazing prizes.

Leonicorn Swap on Twitter explains:

“More than 20+ #Twitter influencers joined together to promote our $20,000 worth of #giveaways campaign. We help the community aside from growing our project. Join our tg: t.me/leonicornswap Join our public sale whitelist: leonicornswap.com #BinanceSmartChainpic.twitter.com/k2AVzcYqQH”

Viral Campaign with Gamified Contests

Leonicorn Swap is planning to organize a prize giveaway in their forthcoming public sale. The campaign awards attractive prizes with performance in the contests the community participates in. The prize is appealing in several ways. It offers a huge opportunity to provide financial service to projects and fits customers’ demands. 

The latest cash prize  was given nearly 24 hours ago and entailed: 

“$200 giveaway to 1 random user. Follow us and Retweet our Pin. And Join our TG: https://t.me/leonicornswap also Tag three friends in Comment. It will end in 24 hrs. RocketFire #LEONICORNARMY #BinanceSmartChain #BSC”

Other successful contests included quizzes, treasure hunts, and answers to clues that require revisiting existing content. It encourages the familiarity of the users with the projects on the platform. Furthermore, the contests are an excellent way to recruit more participants for a higher winning chance. The referral contests also offer a massive boost to the number of users. 

Community Challenges at the Public Sale 

The public sale starts from June 25 to June 30. With an allocation of a maximum of $3000 and a minimum of $50, it is easy to conduct community challenges for viral campaigns. The already existing and active community needs to have other exciting offers and optimism to increase their interests. 

The challenges go in handy with both games and quizzes, and in the current market era, meme challenges make a considerable impact. The DeFi space is awash with memes and technology that Leonicorn is interested in making their viral campaigns go overboard. 

A meme camping involves an invitation to community members to create different ideas and humorously share them. The highest shared and winning memes get prizes. 

The invite from Leonicorn Swap on Twitter states:

“This weekend, we will launch a viral campaign with the #LEONICORNARMY hashtag. Thanks to all who already joined our public sale whitelist. Let’s make it viral together. #BSC #BinanceSmartChain #LEONICORNARMY.”

Stay alert to receive all new updates from the Leonicorn Swap community to engage in these campaigns and win fantastic prices. You can find more information from the various social media platforms for the Leonicorn swap team and its massive community.

Media Contact

CEO- Mofassair Hossain
Company – Leonicorn Swap
Email- [email protected]
Telegram- LEONICORN SWAP OFFICIAL COMMUNITY
Twitter- LEONICORN SWAP

PR Contact-

Name- Sourav Ghosal

Company- News Coverage agency

Email- [email protected]

Team-  News coverage agency

Disclaimer: This is a paid post and should not be treated as news/advice. 

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Source: https://ambcrypto.com/leonicorn-swap-to-launch-a-viral-campaign

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