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Thursday, May 20, 2021
Wednesday, May 19, 2021
Why we should look at the Pancake Bunny
According to our analyst Pancake Bunny is set to continue recovering ahead of the wider crypto market. This is based on a technical analysis of current market trends. A Binance based liquidity pool PB is one of the most stable and promising of its kind, not likely to go anywhere any time soon.
With a market capital of 39.1 Billion dollars, and only a little over 500 Thousand tokens available the demand for this token is in no way going to change any time in the near future, except to increase in value.
Pancake Bunny fell along with other cryptos this week, however began its price recovery ahead of the wider market and at the time of this writing is up 10% in the past 24 hours.
Down more than half of its 24 hr value, Pancake Bunny is undergoing the same changes suffered by the wider market, however unlike the wider market it has already seen some recovery and at its current price at around 84 USD is considered rock bottom.
Something to think about going forward as we look for ways to offset the chaos in the market.
5 Reasons Why Bitcoin and Cryptocurrency Markets Have Been Crashing (May 19, 2021)
Today witnessed a third consecutive day of losses in the crypto markets.
Some reasons include:
Bitcoin is up 286% for the year, but has seen nothing but losses for the last month, but in recent days this has increased crescendoing with record losses today... but why?
Bitcoin doesn't operate in a vacuum. Placed upon the substructure of the wider stock market Bitcoin has not actually changed in its value or content, but rather suffered at the mercy of a wider market adjustment.
Sometimes crypto enthusiasts forget that this market is subject to various changes within both the industries, service, manufacture and fosile fuel industries. Therefore it isn't a place for tourists, but rather a hazardous endeavor as all investing can be.
To the point the first and biggest reason for the recent dip has been a perfect storm (of sorts) in the financial world consisting of state governments, decentralized communities, and regulations and even famous entrepreneurs which just can't seem to get their message across "clearly" and without abmiguity.
The SNP, Dow, and NASDAQ all lost this years gains in just a few days, due to various wider changes in the market.
This is out of the scope of this article, however merits further study and certainly affects the overall crypto market which is built upon the traditional markets.
The crypto markets were further impacted by other more blockchain focused yet still unrelated events such as:
- Elon Musk's bungled SNL appearance hugely impacted the market sending Bitcoin and Dogen into their first troubles.
- Then the US governments announcements of investigations into Binance and Binance related companies, followed China's announcements that it will also be investigating Binance, and introducing new rules to prevent certain types of trading such as banning the use of crypto for the use of payment. Turkey also followed suit sending Bitcoin down further.
- Followed by the constant rant of right wing, and online anti crypto 'gloom and doomers' who generally hate cryptocurrency, decentralized finance, and the communities that support them.
- That investors would flee to calmer waters is something that goes without saying, but the better question we should ask should be:
Are cryptocurrency markets still healthy and sound investments?
I believe that the answer is absolutely YES. While we may not know exactly where the bottom of this current dip will end, we do know that it won't last long, whether or not Bitcoin is accepted as payment by Elon Musk.
Monday, May 17, 2021
How do I find the next Bitcoin in this confusing crypto economy ?
If You Missed The Bitcoin Trend, This article is for you
If your one of the many investors who came into the world if cryptocurrency and defi investing late, then you certainly are not alone.
The good news is that Bitcoin is just one if many (albeit the most well know) newly evolving Block Chains. In addition analysts argue that Bitcion by design has some inherent flaws and limitations, which in spit of what the Bitcoin Bulls my say, will impact its growth and price stability going forward.
It is in this absence of technology that a huge market has evolved, motivated by the "Genesis Blockchain " (i.e. Bitcoin) but not limited in its scope or strict adherence to rigid protocols for conducting daily transactions.
The potential for technological innovation is without parallel in the world. Spurred by the almost revolutionary concept of decentralization this industry has essentially provided an impetus for many more players to get into what was once a very exclusive exclusive area.
Today there are at least 9 thousand cryptocurrencies listed on Marketcap, sold in over 300 exchanges. To facilitate these transactions hundreds of other platforms have been and are undergoing development.
Yet within this rapidly expanding milieu are the seeds of tomorrow's economy. The next Bitcoin, so to speak, is currently an ICO being developed by an entrepreneur's and a network somewhere in the world.
The question however is how can I be part of that innovation? How do I know which technology will be adapted and which will fall by the wayside? In other words, how can I get into the market with my cash hand without losing my shirt in the process?
This blog, in future posts seeks to answer that exact dilemma.
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