TALK Token Analysis - Page 5 - Trading - CryptoTalk.Org Jump to content
BullRunBit

TALK Token Analysis

Recommended Posts

I am absolutely amazed by the price of the talk. And I can't expect it to go up in the coming days. Because of its low price, we are not getting any profit at all.And we're getting almost zero payments from the cryptotalk.

Share this post


Link to post
Share on other sites
On 12/13/2020 at 3:06 PM, BullRunBit said:

Admin can not "set a price" to have constant value, that would be stable coin/token then and TALK token is not stable coin/token. But, like you can read on moderator topic about TALK token that they have a plans for TALK token and that can maybe help that TALK token not drop this much (constantly). Anyhow, we will see what will happen.

@BullRunBit...Admins do not set the price of any coin.  However, the admins of the exchange site first set the price of the coin or token.  However, the price of the coin depends on the traders.  The higher the demand for coins, the higher the price of coins.  However, the price of Talk Token was very good at the beginning, but its price has dumped a lot.  However, if the advertiser of Talk Token starts, then its price will go down.  So we will wait for that day

Share this post


Link to post
Share on other sites
12 hours ago, Cleaner said:

@BullRunBit...Admins do not set the price of any coin.  However, the admins of the exchange site first set the price of the coin or token.  However, the price of the coin depends on the traders.  The higher the demand for coins, the higher the price of coins.  However, the price of Talk Token was very good at the beginning, but its price has dumped a lot.  However, if the advertiser of Talk Token starts, then its price will go down.  So we will wait for that day

They can not set up price at all, because when coin/token is on market traders set up price nobody else.

 

Quick update:

Like we can see price of TALK drop till currently 21sat/20sat, still plans for token are not realized.

But interesting thing is that price drop this much with investbox plan with just 1% some other tokens was stable with such a daily percent longer period. One more thing, there are obvious "sell off" from members which dont hold TALK than just sell their tokens but it's unreasonable why they sell their tokens on this price which is very low.

  • +1 1

yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites

The price of talktoken is always decreasing in price and its value is also going down. Its discourages crypto users to work hard because its price is always falling down. I hope the cryptotalk forum has a good plan for the coin. 

Share this post


Link to post
Share on other sites

A few people are selling their discussion token quickly as they see the development of talk going down where it is only an ordinary development of each coin on the lookout. I figure we ought not acquire talk by posting yet additionally purchase the discussion token since it ha a possible coin.


                                                   BetFury                                                   

🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800 Satoshi every day                                                 

Share this post


Link to post
Share on other sites
9 minutes ago, Rimakhan said:

I was shocked to see the cost of the discussion.  What’s more, I can’t predict it should increase in the days ahead.  Due to its low price we are not getting any benefit at all and we are getting almost zero installments from Cryptoclock.

:classic_huh: "installments" "Cryptoclock"?

What you talking about?

 

Yes price of TALK token drop, but if we talking about "benefit" you could to earn BTC after that TALK after that both (TALK and BTC) and now when price of TALK token drop you talking about "benefit"?

From your total posts you are new member of this forum and you at beginning you talking about "benefit"?

It better to focus on what you write not about "benefit". :classic_wink:


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites

I think the talk token is performing to its experience we need to see why this is important we are really .so be patient with the market situation now mates .talk token are a good project they are not shitcoin .

Share this post


Link to post
Share on other sites

Wow, this is a beautiful, clear, large and detailed explanation. I love this currency very much. It has a great future, but you need support from investors and some of us who sell once we get the currency.

  • +3 1

Share this post


Link to post
Share on other sites

Thank you for posting on the CryptoTalk forum one of the most useful topics I've ever come across. In fact, the discussions made and the ideas put forward due to this issue you published have been very useful. I mostly agree with your analysis and comments about talk token. @BullRunBit

Share this post


Link to post
Share on other sites

This informative post is good for other members. But now it's rate is at only 22$. I am waiting for when it's rate will go up.  Some thing needs to change to decrease the rate of supplies. We don't know who to works but maybe that price of token don't fall too much .

  • +2 1

Share this post


Link to post
Share on other sites

Very good analysis and you explained it really well so thank you dear for such comprehensive topic to make us aware about the talk token.Talk is under developing stage so there is chances and hope for its rise in the coming year when the usage of the talk will be announced for various purposes then it will surely make a rise in its price.

Share this post


Link to post
Share on other sites

Now the value of talk tokens has dropped dramatically.  The current value of the talk token is correct.  And the value is not entirely acceptable.  Talk token holders should keep their tokens to increase its value.  Then we can make money.

Share this post


Link to post
Share on other sites
On 12/25/2020 at 7:30 PM, bb⠀ said:

Well talk token is died and now it only remains to keep it in the hope on pump

And is there maybe ETH market or DOGE market or USD market?

On 12/27/2020 at 2:27 AM, mariocar64 said:

Well recently it fell so much that we all got nervous, but they eliminated the 50 reactions and it helped to raise the price and maintain it, rather it has increased its value and it returned to its usual price ^^.

I can not tell that price "pump" but it's more stable fore sure.

8 hours ago, Jhujhu said:

Now the value of talk tokens has dropped dramatically.  The current value of the talk token is correct.  And the value is not entirely acceptable.  Talk token holders should keep their tokens to increase its value.  Then we can make money.

"The current value of the talk token is correct"?

 

Quick update:

We can see that TALK token was stable between 20sat/25sat/28sat  for around one week.

But interesting fact is that we can see "big wall" at 20sat (buy order) with around 1.5 BTC, and if we look on order book we can see that till 20sat to drop price it's necessary around 1.6 BTC and till 320sat to jump it's necessary around 0.48 BTC. But that is just orders maybe someone want to "push" price TALK token need some news to move price. Anyhow we will see what will be with TALK token price.

  • +1 1

yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites
14 minutes ago, BullRunBit said:

Ve ETH pazarı veya DOGE pazarı veya USD pazarı olabilir mi?

O fiyat "pompa" diyemem ama eminim daha istikrarlı.

"Konuşma jetonunun mevcut değeri doğru" mu?

 

Hızlı güncelleme:

TALK tokeninin 20sat / 25sat / 28sat arasında yaklaşık bir hafta boyunca stabil olduğunu görebiliriz.

Ancak ilginç gerçek şu ki, 20sat'ta (satın alma emri) 1.5 BTC civarında "büyük duvar" görebiliyoruz ve sipariş defterine bakarsak, fiyatı düşürmek için 20sat'a kadar 1.6 BTC civarında ve atlamak için 320sat'a kadar yaklaşık 0,48 BTC gereklidir. Ama bu sadece birisinin fiyatı "itmek" isteyeceği siparişlerdir TALK token fiyatı hareket ettirmek için bazı haberlere ihtiyaç duyar. Her neyse TALK token fiyatı ile ne olacağını göreceğiz.

There is currently no demand or supply that will drive the Talk token price too low or too high. When transaction volumes are examined, I agree with what you said. However, positive developments about the Talk token in the coming days are likely to trigger the price upward. @BullRunBit

Share this post


Link to post
Share on other sites

Talk token is a token that was launched a few days ago. Its market is fairly good. When you work in crypto, you get 10 talk tokens for each post, and you get tokens for responding to posts. 

Share this post


Link to post
Share on other sites

At present,its price is gradually decreasing. I dont know why its price was decreased. Now the TALK currency is very weak, and I think that the reason the of talk token prices is decreased day bay day.

Share this post


Link to post
Share on other sites

I am new here and I have not much experience about that. So know after reading comment I am able to tell someone about this organization. 

Share this post


Link to post
Share on other sites

Talk Token is a good coin, it is Cryptotalk currency that was recently launched, the value seems very high when it was newly launched bet it has really dropped down in price in the last few weeks due to demand and supply, we are hoping it bounces back to value as soon as possible. It is advisable we keep holding unto it until it regains its initial value and market price.

  • +1 1

Share this post


Link to post
Share on other sites
15 hours ago, Amelia23 said:

Talk tokens graph is looking very bad now. It was better before with the prices being up to 88sats but we also have to consider that bitcoin keeps rising and so we cant really blame the talk tokens for falling as we are exchanging it too much to bitcoin. But you never know one day the prices might sky rocket

Yes you are right that price drop a lot, and it's constantly dropping.

But interesting thing is (I write in previous post) that there was "wall" at 20sat with around 1.5 BTC but that "wall" gone (not sell) and price drop below 20sat (currently 19/18sat).

Still there are no news/plans for TALK token, and interesting is what will be next will price drop more or some plans for TALK token will be realized. Anyhow, we will see.


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites

This is such a detailed description of the TALK token, I would like to mention that members who sell their TALK are ignorant of the disaster they are making, if every member can get up to two hundred TALK a day and then he will sell them immediately then the price will drop a great deal and it will be a loss to the member himself and all the other members of the Cryptotalk forum, it is better to hold the token and benefit from the fee. 

  • +5 1

Share this post


Link to post
Share on other sites

Talk Tokens are the best and the good option to make the trading and earn millions and the trillions of the dollars at the home. The trading of the Talk Tokens is the perfect way to make the passive money.

Share this post


Link to post
Share on other sites

Quick update:

Last update I write before around 2 weeks and price was 20sat/17sat currently price of TALK token is 16sat/15sat,

we saw "pump" 10.01. from 12sat till 20sat but after that again drop till 16sat.

We can say that price did not drop to much for this two weeks but we did not see any changes and maybe we will see another drop soon if plans for TALK token will not be realized.

There are some changes which can affect on price, like for example increase minimum for investbox (currently is only 10 TALK) and Action for example 10 buys TALK/BTC pair or change investbox type that be new type (withdraw daily percent) etc. But this suggestions are for other topic.

Conclusion for this update is that if we dont see soon some changes we will probably see another drop.


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites

I think the talk token is living up to its expectations we need to see why we are really enjoying a lot of work, the truth is we need to work hard and do it right, we need to follow every important thing we really need to be sure That's the decent thing to do, and it should end there.

  • +2 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • 🌐 Bitrezerv.com - ваш персональный помощник в обмене криптовалюты без верификации!   Мы поддерживаем Tezos, Shiba, Stellar и многие другие монеты. Обменивайте с удовольствием!   #CryptoTrading #BitrezervExchange
    • 🆕 Главная новость месяца!   Июнь стал для нас настоящим прорывом!   AVEEX.co официально стал партнёром exchangesumo.com.  Это важный шаг для нас, так как этот мониторинг для многих является эталоном надёжности. Его выбирают, чтобы подобрать проверенный обменный сервис.  И теперь мы среди них!   Это означает, что exchangesumo отметил надёжность, качество, работу тех.поддержки, выгодные курсы и неповторимый дизайн нашего сервиса.    Мы и дальше будем расти, развиваться и ,конечно же, улучшать сервис во всех направлениях.    Ждём вас у нас в AVEEX.co!  
    • Аналитик, известный под псевдонимом Kaleo, сообщил своим 640 000 подписчикам в запрещённой в России соцсети X (ранее Твиттер), что Dogecoin может вырасти до $1 или даже до $2. По словам эксперта, сейчас рынок криптовалют находится в так называемом суперцикле мемкоинов. Kaleo считает, что криптовалюты, вдохновлённые мемами, уже показывали периоды, когда их стоимость возрастала на 6000% от минимумов и даже на 30 000% от исходных значений. По его словам, потенциальный прорыв DOGE может произойти в период с декабря этого года по февраль 2025 года, но не раньше потенциального спада, в результате которого DOGE вернётся к отметке $0,08 или $0,1, поскольку аналогичный прорыв тренда с просадкой в 30% произошёл в 2020 году. Эксперт указал, что технический индикатор Гауссовского канала (GS), который на недельном графике Dogecoin стал зелёным, является ещё одним доказательством того, что, когда придёт время, курс DOGE невероятно вырастет. Напомним, что за последние несколько месяцев сектор мемкоинов демонстрирует максимальную доходность по сравнению с другими виртуальными активам, что ещё больше привлекает к нему внимания инвесторов и трейдеров. Таким образом, у DOGE, как и других мемкоинов есть шансы на то, чтобы и дальше демонстрировать высокую прибыль на рынке. Источникhttps://ru.investing.com/news/cryptocurrency-news/article-2444960📎 ——————————————————— ОБМЕНЯТЬ  / ПОМОЩЬ  / ОТЗЫВЫ
    • VPS сервера от 6$Выделеные сервера от 54$Сервера с GPU от 300$с полным списком услуг можно ознакомится на нашем сайтеDEDIONE-Available Serversнаши контакты:TG: https://t.me/Alffi_Solomonsподписывайтесь на наш канал переодически добавляем сервера с большими скидками или совершенно бесплатно.ссылка на канал https://t.me/+u1QBackNiKZjYWVk
    • Друзья, наши курс на данный момент: USDT – RUB – 82.1 (Не забывайте, что курсы нестабильны, точные данные можете узнать в моменте у поддержки)
    • Добрый день всем нынешним и будущим клиентам 😊 Курс по направлению: BTC – RUB – 5 059 946 Обменник работает в ручном режиме, 24/7. Подробности уточняйте у операторов.
    • solid project and paying Cripto Motorsport I really like it and with many options to advance quickly if you don't really want to invest I recommend it, take a look you won't regret it
    • Forex and Cryptocurrency Forecast for 01 – 05 July 2024 EUR/USD: Inflation in the US – Everything is Going According to Plan   Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported that according to the final estimate, the US GDP grew by 1.4% in Q1, against the forecast of 1.3%. (According to the current Fed forecast, the country's real GDP will expand by 2.1% in 2024). Labour market statistics were also optimistic – the number of initial jobless claims in the US amounted to 233K, lower than both the forecast of 236K and the previous figure of 239K. Durable goods orders did not disappoint either, rising by 0.1% in May against the forecast of a decline of -0.1%. Against this backdrop, the DXY dollar index rose to 106.10, approaching April highs, and EUR/USD dropped to 1.0685.   However, the main events of the week were scheduled for Friday, 28 June, the last trading day of Q2. It is worth noting that the cash flows typical for the end of the quarter and the adjustment of trading positions at this time usually increase market volatility and can even cause chaotic movements in major currency pairs. Additionally, intrigue was added by the fact that on this day, the Bureau of Economic Analysis of the USA was to publish data on the Personal Consumption Expenditure (PCE) index for May. This indicator is the Fed's preferred inflation gauge and therefore influences decisions regarding interest rate changes.   According to preliminary estimates, the markets expected that the core index would decrease from 2.8% to 2.6% year-on-year and from 0.3% to 0.1% month-on-month. If this forecast were to come true, it would have strengthened expectations of an imminent easing of the American regulator's monetary policy. On the eve of the publication, market participants predicted that the first Fed rate cut would occur in September, with another one in November or December.   However, there was also an alternative scenario. On Wednesday, 26 June, Fed Board member Michelle Bowman stated that if the disinflation process in the US stalls, the regulator would have no choice but to resume tightening policy (QT).   The actual figures matched the forecasts exactly – core PCE decreased from 2.8% to 2.6% year-on-year and from 0.3% to 0.1% month-on-month. It is obvious that this result was already priced in, so it did not produce a "wow" effect on market participants, and after a brief dip, DXY returned to current levels.   The dollar was also supported by the President of the San Francisco Federal Reserve Bank, Mary Daly, who commented on the PCE data: "The Fed has not yet made a decision, but the PCE data is good news. [...] There is evidence that policy is sufficiently tight. [...] It takes more time for the policy to work. [...] If inflation remains stable or decreases slowly, rates will have to be raised longer."   As for the European Central Bank (ECB), unlike its overseas counterpart, it has already started the easing process (QE). At its meeting on 06 June, it already lowered the euro rate by 25 basis points (b.p.) to 4.25%. And as ECB representative Olli Rehn stated on 26 June, the market forecast for two more rate cuts in 2024 seems "reasonable". These words from Rehn signalled tolerance towards inflation spikes in the Eurozone, which is a negative factor for the common European currency.   The final point of the week, month, and quarter was set by the EUR/USD pair at 1.0713. The analyst forecast for the near future as of the evening of 28 June is as follows: 65% of expert votes were given for the pair's decline, 20% for its growth, and another 15% remained neutral. In technical analysis, 80% of trend indicators on D1 sided with the dollar and turned red, while 20% preferred the euro. Among oscillators, 75% were on the dollar's side, with the remaining 25% taking a neutral position. The nearest support for the pair is located in the zone of 1.0665-1.0670, followed by 1.0600-1.0615, 1.0565, 1.0495-1.0515, 1.0450, and 1.0370. Resistance zones are found around 1.0740-1.0760, then 1.0815, 1.0850, 1.0890-1.0915, 1.0945, 1.0980-1.1010, 1.1050, and 1.1100-1.1140.   The upcoming week will be rich in macroeconomic statistics. On Monday, 01 July and Tuesday, 02 July, preliminary data on such an important indicator as the consumer price index (CPI) in Germany and the Eurozone will be released, respectively. Speeches by ECB President Christine Lagarde and Fed Chair Jerome Powell are also scheduled for 01 and 02 July. In addition, on Monday and Wednesday, business activity indicators (PMI) in various sectors of the US economy will be known. But this is not the end of the flow of important information. Late in the evening of 03 July, the minutes of the last FOMC (Federal Open Market Committee) meeting of the Fed will be published. On Wednesday, 03 July, and Friday, 05 July, we will be flooded with statistics from the US labour market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP). Traders should also keep in mind that 03 July is a short day in the US, and 04 July is a full holiday as the country celebrates Independence Day. And looking a bit further ahead, we remind you that early parliamentary elections will be held in France on Sunday, 07 July, the result of which could greatly affect the common European currency.   GBP/USD: Focus – On 04 July Elections   General parliamentary elections will be held not only in France but also in the United Kingdom, scheduled for Thursday, 04 July. Announcing this event, Prime Minister Rishi Sunak stated that he is proud of the "achievements of his government [Conservatives]". "Economic stability is the foundation of any success," he added, noting that the UK economy is still growing and inflation has returned to normal levels.   Despite Sunak's assurances, in May 2024, the monitoring company Ipsos reported that 84% of the population are "dissatisfied with how the government is managing the country". Current election forecasts based on public opinion polls show that 21.3% may vote for the Conservatives, 41.9% for their opponents, the Labour Party, and the rest for other parties.   It must be noted that the government of Rishi Sunak has several real achievements. On 19 June, data on consumer inflation (CPI) was published, and overall, the picture turned out to be quite good. The consumer price index month-on-month remained at the previous level of 0.3%, lower than the forecasted 0.4%. Year-on-year, the CPI decreased from 2.3% to 2.0%, reaching the Bank of England's (BoE) target for the first time since October 2021. The core index (Core CPI), which excludes volatile components such as food and energy prices, also showed a significant decrease from 3.9% to 3.5% year-on-year.   According to the report from the Office for National Statistics (ONS), presenting the final data on 28 June for Q1 2024, the UK economy grew by 0.7%, higher than the previous value and forecast of 0.6%. Year-on-year, real growth was 0.3%, exceeding the previous value and expectation of 0.2%. This was the best dynamic since Q4 2021.   If the UK parliamentary elections on 04 July and the inflation report on 17 July do not bring significant surprises, the markets predict that the BoE will start lowering rates at its nearest meeting on 01 August. According to ING bank strategists, "we still forecast that the Bank of England will start lowering rates in August and will begin to signal this in its speeches as soon as the general elections on 04 July are over". In their opinion, the likelihood of rate cuts by the Bank of England is much higher than those by the Fed, which will put pressure on the pound sterling. TDS company analysts, on the other hand, give the following forecast: "We believe a rate cut of 15 b.p. is expected in August, and about 50 b.p. in total for 2024". In several other market participant forecasts, it is also mentioned that by November, the reduction could be around 30 b.p.   GBP/USD ended the past five-day period exactly where it started – at 1.2644. The analyst forecast ahead of the parliamentary elections is unequivocal – 100% side with the dollar and expect the British currency to weaken. Regarding technical analysis on D1, there is also a clear advantage on the dollar's side. Trend indicators are in favour of the dollar at 65% to 35% red to green. Oscillators are 100% pointing south, with 20% signalling the pair is oversold. In case of further decline, the pair's levels and support zones are 1.2610-1.2620, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of the pair's growth, it will meet resistance at levels 1.2675, 1.2700, 1.2740-1.2760, 1.2800-1.2820, 1.2860-1.2895, 1.2965-1.2995, 1.3040, and 1.3130-1.3140.   As for the events of the upcoming week, all investor attention is focused on the elections on 04 July. The next important event, as mentioned, will be the publication of the fresh inflation report in the United Kingdom on 17 July.   USD/JPY: Another Peak Conquered   Last week, 75% of analysts expecting new currency interventions voted for the USD/JPY pair's retreat south, while the remaining 25% pointed north. The minority, as is often the case with the Japanese currency, turned out to be right: no interventions occurred, and the pair reached another peak – 161.28.   Frankly, there's nothing to comment on here – everything has been discussed dozens and hundreds of times. The problem of the yen's weakening lies in the ultra-loose monetary policy of the Bank of Japan (BoJ). And as long as it does not decisively turn towards tightening, the national currency will continue to lose its positions. Of course, for a while, the Ministry of Finance and the Central Bank can support its exchange rate with currency interventions. But spending billions and billions on something that disappears like ripples on water after a few days – is there any point in that? Can this be called monetary policy?   If inflation falls in major competing countries, in Japan, it rises. According to data published on Friday, 28 June, the Consumer Price Index (CPI) in Tokyo for the year ending in June rose to 2.3% compared to 2.2% for the previous period. The core CPI inflation (excluding volatile food prices) also increased to 2.1% year-on-year, which is higher than both the forecast of 2.0% and the previous value of 1.9%. Another core CPI index for Tokyo (excluding food and energy prices) decreased in June to 1.8% year-on-year compared to the previous value of 2.2%.   Of course, these are not jumps that warrant sounding a loud alarm – all indicators are "hovering" around the target 2.0%. This allows Japanese officials to pause, without changing the vector of their monetary policy, and to limit themselves to verbal "interventions". Thus, Japan's Finance Minister Shunichi Suzuki once again stated that he is "deeply concerned about excessive and unilateral movements in the Forex market" and expressed hope that "trust in the Japanese currency is maintained". Suzuki's colleague, Cabinet Secretary Yoshimasa Hayashi, delivered almost the same speech word for word. However, he added that the authorities "will take appropriate measures regarding excessive currency movements", hinting at another currency intervention.   This hint from Yoshimasa Hayashi scared 60% of experts who voted for the pair's southward movement and yen strengthening, 20% pointed north, and 20% took a neutral position. The opinion of the indicators is unambiguous, as they have never heard of interventions. Therefore, all 100% of trend indicators and oscillators on D1 are green, although a quarter of the latter are in the overbought zone. The nearest support level is around 160.25, followed by 159.20, 158.65, 157.60-157.80, 156.60, 155.45-155.70, 154.50-154.70, 153.60, 153.00, 151.90-152.15, 150.80-151.00. The nearest resistance is in the 160.85 zone, followed by 161.30 and 162.50.   In the upcoming week, the calendar highlights Monday, 01 July. On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Добрый день, уважаемые пользователи! Пожалуйста, обратите внимание! У нас произошла смена контактов Telegram, по причине - предотвращения появлений фейков, прошлое имя пользователя было слишком длинное и была высокая возможность изменить несколько символов и визуальные отличий не было бы. По этому мы создали "имя пользователя" максимально коротким и простым. Прежние контакты "имя пользователя" - @Finansovich_exchange (Больше не актуальны!) Действующие (новые) контакты "имя пользователя" - @fin_exc (Актуальны!) Пожалуйста, будьте внимательны, переходите по прямой ссылке которая указана в топике, помните-что мы не обрабатываем заявки в Telegram, все заявки обрабатываются исключительно через наш сайт!
×
×
  • Create New...