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Spectre.AI’s Reverse Futures allows trading on Positive Stocks in the past!

2020 has been extremely opportunistic from a professional trading perspective. Although the larger economic landscape has suffered due to the current Pandemic, several organizations have had their sto

The post Spectre.AI’s Reverse Futures allows trading on Positive Stocks in the past! appeared first on AMBCrypto.

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2020 has been extremely opportunistic from a professional trading perspective. Although the larger economic landscape has suffered due to the current Pandemic, several organizations have had their stocks flying at an all-time high price. The best example out there was Tesla’s meteoric rise.

Source: Trading View

Between 18th March 2020 to 1st September 2020, Tesla’s stock has been up by 595% which is astonishing and beyond anyone’s expectations. After the collapse on 13th March, very few people were able to capitalize on TSLA stock, and many traders were left pondering on this missed opportunity.

Now, what if, it was still possible to take advantage of that particular trade? If the investment sector was told by a broker that they would be able to take advantage of Tesla’s 2020 exploit, there is a chance a 100% of them would take the opportunity firsthand.

At the moment, the feat is now entirely possible with Spectre.AI’s new asset class product.

Spectre.AI brings forward Reverse Futures

Introducing a brand new asset class, Spectre.AI Reverse Futures conveys the exact meaning with its title. The Reverse Futures allows the platform’s potential traders to draw speculation and trade on real-world equities but from a historical point of view. The idea behind the futures product is to synthetically construct the price performance of strong assets from the past and streamed them forward in time.

In simple terms, traders would be able to open long-positions on successful assets class such as Apple, Tencent, Microsoft, Google, and TESLA from a point of time, that is years before its current profitable state.

However, it is not as straightforward as it seems. Traders cannot simply trackback to particular data and time in the past, while the prediction is 100% accurate in terms of profitability and movement.

Because they follow the price trajectory and movement of these successful assets, the price mediation is not exactly random. At the moment, All the global major equities are available to trade on Spectre.AI with its Reverse Futures Functionality, and it provides an advantage like none other to the platform’s traders.

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Source: Spectre.AI

Payouts in the 90% range and Weekend Trading

With Spectre’s Reverse Futures’, the returns become an interesting prospect with the asset class. With Reverse Futures, the payouts are in the 90% range and potential trades can possibly peak at 400$, when the trader completes three back-to-back winning trades.

However, it is important to note that traders will need to choose a digital contract structure, not a covered CFD, that allows the traders to trade with Reverse Futures, without any defined gains and losses. A little bit of risk goes in Reverse Futures contract structure, but the rewards are worth it.

The fact that Reverse Futures are also open for trading on the weekend is an added benefit. The traditional asset class does not facilitate trading on Saturday and Sunday but the playing field is different for Spectre.AI’s asset class.

According to the organization, by the end of 2021, trades can expect 100 more prominent equities around the world that would be available on Spectre.AI to trade. With the introduction of Reverse Futures, trades would still be able to access the format of traditional spot trading of equities, so that there is something for everyone.

To know more about Spectre.AI’s trading platform, please visit the following website and they are also featured in Forbes.

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

Source: https://eng.ambcrypto.com/spectre-ais-reverse-futures-allows-trading-on-positive-stocks-in-the-past

Blockchain

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

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Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.”

Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum

This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.

Economist and trader Alex Kruger says the resiliency is “bullish” for Bitcoin and Ethereum. The two top crypto assets have been in an uptrend for a full year now, and the recent macro jitters have been the first major bump in the road since.

Related Reading | “Wonderful” Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum 

Bitcoin exploded from lows around $4,000 to $58,000 per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin at the high, while Ethereum fell to under $100 and has risen to $2,000 since. The more than 10x rise, however, might be nowhere near the finish line, and holding up so well here could be the catalyst that sends the cryptocurrencies higher through the resistance level.

bitcoin and Ethereum macro beating

Ethereum and Bitcoin have held up extremely well compared to the S&P 500 and gold. | ETHUSD on TradingView.com

The Changing Of The Guard To Crypto Is Underway

The stock market is on thin ice, and precious metals cannot be upgraded or updated, and have limited use in the future as a store of value compared to cryptocurrencies.

The digital gold narrative has been working, and the steepness of the gold selloff above shows how effective the narrative has been. Crypto prices holding up so well while gold plummets, could send even more capital flowing out of metals and into the scarce digital asset.

Related Reading | Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today

Profit-taking in the currency overheated stock market will want to follow the money, wherever the grass is greener and profits are consistent. If that place is the crypto market, the flood gates of capital could finally be coming that helps to push Bitcoin to prices of hundreds of thousands of dollars per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin, and tens of thousands of dollars per Ether.

The nascent technologies are only now coming into their own as financial assets, and institutional investors have begun to recognize the shift from traditional assets, to digital ones, and the ones who have been early thus far have been the most profitable.

Will Bitcoin and Ethereum continue to hold up this well, or will they ultimately succumb to the continuing macro beating going on across markets right now?

Featured image from Deposit Photos, Charts from TradingView.com

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Source: https://www.newsbtc.com/news/bitcoin/ethereum-bitcoin-macro-beating-gold/

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Blockchain

3 million active users help lift Audius (AUDIO) to a new all-time high

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As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place. 

Audius (AUDIO) is one project that is chasing the first-mover advantage in the music streaming sector. The music-sharing and streaming protocol facilitates transactions between creators and listeners, making it relatively effortless for users to distribute and monetize audio content. 

The project has received increasing attention for its approach to decentralizing the music industry and on March 2 the team celebrated reaching 3 million monthly active users. 

Data from Cointelegraph Markets and TradingView shows that the price of AUDIO surged 108% since the start of March from a low of $0.38 to a new all-time high of $0.79 on March 4 as the altcoin’s trading volume spiked from $3 million to a record $55 million.

AUDIO/USDT 4-hour chart. Source: TradingView

Staking incentives drive user adoption

The first major increase in users followed the project’s October 2020 launch and the activation of staking on the Audius platform in December. This enabled AUDIO holders to earn a 7% yield for tokens that were staked on the network while they listening to music and interacted with the protocol.

By the end of January, the platform had 1.8 million active users and a total of 122 million AUDIO tokens staked on the network. These figures have since increased to 3 million users and a total of 182.5 million staked AUDIO as the platform continues to integrate new features that incentivize community involvement.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AUDIO on Feb. 28, prior to the recent price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. AUDIO price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ score for AUDIO hit a peak of 69 on Feb. 28, just before the start of a prolonged uptrend in price which was further identified by a VORTECS™ score of 80 on March 1. After pulling back over the next 3 days the score again spiked to 70, just hours before a significant rise in the price of AUDIO.

On March 5, the project revealed its plans to integrate non-fungible tokens (NFT) into the protocol as part of its effort to offer a full-service decentralized platform and expand its user base.

NFTs have become a hot topic in the cryptocurrency sector in recent months, and their integration into the AUDIO platform is likely to bring a renewed wave of interaction from users.

As blockchain technology continues to become more prominent in mainstream society, Audius appears well-positioned to become a leader in the streaming music space thanks to a rapidly expanding user base and a growing list of incentives that entice users to stay active on the platform.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Source: https://cointelegraph.com/news/3-million-active-users-help-lift-audius-audio-to-a-new-all-time-high

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Bybit to Cease Services for UK Citizens Following the FCA Ban on Crypto Derivatives Trading

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The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. 

  • Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported user base of over one million registered clients. However, the firm will seize offering its services to UK-based customers, according to a recent press release
  • The statement informed that all UK users have to close all of their opened positions and withdraw all account balances by 8 AM UTC, March 31st, 2021. Following that date, UK citizens will be “restricted from accessing or performing any trading activities on Bybit.” 
  • Furthermore, the exchange will immediately restrict all new registrations using UK mobile numbers and/or IP addresses. 
  • Bybit’s decision is a direct consequence of a ban on crypto derivatives trading in the UK instituted by the country’s regulator – the Financial Conduct Authority (FCA). 
  • CryptoPotato reported last year that the watchdog planned to prohibit the sale, marketing, and distribution to all retail customers of crypto derivatives and exchange-traded notes (ETNs).  
  • At the time, the FCA described such products as “ill-suited for retail customers due to the harm they pose.” It also outlined that traders are unable to determine a reliable value because of the extreme volatility in the market and inadequate understanding. 
  • Interestingly, though, even the UK population couldn’t stop the FCA from implementing the ban as a survey compiled by the watchdog suggested that over 97% disagreed with the decision. 
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Source: https://cryptopotato.com/bybit-to-cease-services-for-uk-citizens-following-the-fca-ban-on-crypto-derivatives-trading/

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