Learning Crypto

Crypto Speak: Micro cap “Micro cap” is a term used for tokens and projects with minuscule capitalizations. These are usually new or little-known projects. Advantages of micro caps: These are the kinds of projects that make 100x. If their idea or technology shoots up, a wave of investors will flock to the token and flood it with money, where early investors can make literally millions. Risks of microcaps: Most of them don’t get a blow-off top, and there’s also a good chance you’ll just plain get rekt 🙂 🆔Learning Crypto

📈Solana will reach $200 by the end of May, the co-founder of hedge fund Syncracy Capital said. Solana has shown "strength" in the current digital asset market recovery and will reach $200 by the end of May, he said. That would be a complete reversal on a monthly timeframe and signal that it's ready to hike ATH. Over the past week, SOL has soared more than 20% to the $179 mark, surpassing a market capitalization of $80 billion. The token last traded above the $200 level on the first of April 2024. 🆔Learning Crypto

Crypto Speak: Honeypot A “honeypot” in crypto is a trap for unscrupulous investors. Usually, it is a smart contract or a project in which you can invest money but cannot withdraw it. For example, people who love investing in shitcoins can easily fall into a honeypot. You can buy a shitcoin on a DEX when its price starts pumping; however, if it grows by 100x, you’ll notice that you can’t sell it, with the DEX indicating a “smart contract error.” 🆔Learning Crypto

Apple and Google announced that iPhone and Android users will start seeing alerts when it’s possible that an unknown Bluetooth device is being used to track them. The two companies have developed an industry standard called “Detecting Unwanted Location Trackers.” Starting Monday, Apple is introducing the capability in iOS 17.5 and Google is launching it on Android 6.0+ devices. 🆔Learning Crypto

Crypto speak: JOMO This is the direct opposite of FOMO, fear of missing out. JOMO stands for “joy of missing out,” which is when you rejoice in the possibility of missing out. It sounds paradoxical, but zen crypto enthusiasts know this feeling: When everyone gives in to suspect FUD and FOMO, which eventually leads to poor decisions, a person with JOMO looks on with a smile from the sidelines and stays on course with a sense of control. And, of course, afterwards, they get even more pleasure when they see that the crowd was wrong and lost money (classic schadenfreude). After all, most decisions made under the influence of FOMO and FUD turn out to be harmful and ineffective. 🆔Learning Crypto

☄️Kraken, the second largest cryptocurrency exchange in the United States, may stop supporting USDT in the European Union under MiCA crypto regulations. In March, OKX announced the delisting of most USDT trading pairs in the EU. As a reminder, Ukraine plans to regulate the crypto market in accordance with the EU requirements. 🆔Learning Crypto

Crypto speak: Candlesticks Nothing complicated here: It’s just a way to visualize the price chart of a particular coin. You’ve probably seen candlesticks: They’re those green and red bars on price charts. Green bars mean a rise in price; red bars mean a fall. Sometimes, traders simply call these bars “candlesticks.” 🆔Learning Crypto

👀 Tokens that can be listed on Binance The list includes projects that Binance has entered but has not launched listings. If Binance is in investors, listing on their exchange is only a matter of time, and the token price may react well to this 🤓 🆔Learning Crypto

Crypto speak: OTC “OTC” (over-the-counter) is the trading of crypto bypassing classic exchanges without intermediaries. The buyer and seller directly agree on the rate of the asset, the amount of the transaction, and other details. In order for buyers and sellers to find each other, OTC platforms work on the market. They play the role of a guarantor of the fulfillment of the terms of the transaction. If the parties have claims against each other, the OTC platform investigates and gives its verdict. The OTC market is used by business clients and large sellers and buyers because it is suitable for large transactions. 🆔Learning Crypto