Daily Crypto Overview

Bitcoin:           $30,305.83 (⬆️ 0.28%)
Ethereum:     $1,933.76    (⬆️ 0.39%)

Bitcoin Fear and Greed Index: 54 Neutral 🙂
Major bias for Bitcoin in the past 7 days: 🐂 Bullish

Trending Coins

1INCH:       23.48% ⬆️
SUSHI:       16.62% ⬆️
COMP:       -3.83%  ⬇️
MKR:          -1.31%  ⬇️

Today's highlights

Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted - Cointelegraph

Bitcoin Hovers Near $30.3K After Expected Correction. Retail Investor Enthusiasm 'Likely to Increase': Analyst - Coindesk

Educational Post:

What are Leveraged Tokens?Leveraged tokens are a type of cryptocurrency derivative that allows traders to gain leveraged exposure to particular cryptocurrencies without having to manage margin requirements. They are designed to provide traders with a simplified way to trade leveraged positions in cryptocurrencies, allowing them to take leveraged long or short positions without having to constantly manage their margins.

Leveraged tokens typically work by using an algorithm to automatically adjust the leverage of a token based on the price movement of the underlying cryptocurrency. This means that if the price of the underlying cryptocurrency increases, so does the leverage of the token — and vice versa.

For example, a 3x long leveraged token for bitcoin would aim to provide three times the daily percentage change of bitcoin’s price movement. So if BTC increases by 1%, the leveraged token should increase by 3%. Conversely, if BTC decreases by 1%, the leveraged token should decrease by 3%.

It's important to note that leveraged tokens can be highly volatile and are not suitable for all investors. They can experience significant losses if the price of the underlying cryptocurrencies move in an unexpected direction, and their leveraged nature can magnify losses as well as gains. As with all investments, it's important to do your own research and fully understand the risks before investing in leveraged tokens.

Buy/Long - ETC/USDT

Entry - 19.147

Target Points:
- TP1: 19.289 (ROI: 0.74%)
- TP2: 19.431 (ROI: 1.48%)
- TP3: 19.715 (ROI: 2.96%)
- TP4: 20.283 (ROI: 5.94%)
- TP5: 20.851 (ROI: 8.91%)

Stoploss: 18.579 (Potential Loss: -2.96%)

Leverage: Up to 5x (Isolated)

Note: This is an early signal, so enter only when the entry price matches the market price. This signal has a 24-hour expiry, so if the entry price isn't met within 24 hours, it has expired.

Daily Crypto Overview

Bitcoin:           $30,294.12 (⬇️ -0.98%)
Ethereum:     $1,867.19    (⬇️ -0.76%)

Bitcoin Fear and Greed Index: 57 Greed 🙂
Major bias for Bitcoin in the past 7 days: 🐻 Bearish

Trending Coins

COMP:       5.53% ⬆️
ZEC:           1.62% ⬆️
ALGO:     -3.34%  ⬇️
CTSI:        -2.71% ⬇️

Today's highlights

Bitcoin ETF would be the 'seal of approval' from SEC: Mike Novogratz - Cointelegraph

Bitcoin Holds Steady Over $30K as Inflation Data, Macro Issues Leave Investors Increasingly Unmoved - Coindesk

**Quant Trade Signal (INTRADAY)

Instrument: QNT/USD
My opinion: Sell Limit
Entry price: $105
Stop: $115
Target: $100
Our risk setting: 1%
RRR**: 1:2

NB: We will close this pending trade if not triggered within 10 hours.

Quant Price Prediction: $QNT/$USD Price Could Rally to the Resistance Level of $110

The Quant price prediction shows that QNT is going to face moderate volatility as the coin moves to cross above the moving averages.

QNT/USD is moving below the 9-day and 21-day moving averages as the market price hovers at $103 with a daily gain of 0.55%. However, as the coin moves to create additional gains, a potential resistance can be found at the $110 level but if the coin slides toward the channel’s lower boundary, it could hit the closest support at $100.

**Daily Crypto Overview

Bitcoin:          $30,623.19 (⬆️ 0.54%)
Ethereum:     $1,882.01   (⬆️** 0.21%)

Bitcoin Fear and Greed Index: 64 Greed 🙂
Major bias for Bitcoin in the past 7 days: 🐂 Bullish

**Trending Coins

1INCH:       6.64% ⬆️
ANKR:        2.82% ⬆️
XLM:         -2.11% ⬇️
AMP:        -1.49% ⬇️**

Today's highlightsCboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements - CointelegraphCrypto Market Is on ‘Standby’ as Release of June Inflation Data Nears - Coindesk

Educational Post:

What is a Golden Cross?A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.

Daily Crypto Overview

Bitcoin:           $30,456.63 (⬆️ 1.11%)
Ethereum:     $1,877.78    (⬆️ 0.96%)

Bitcoin Fear and Greed Index: 57 Greed 🙂
Major bias for Bitcoin in the past 7 days: 🐻 Bearish

Trending Coins

COMP:        7.21% ⬆️
ANKR:        2.52% ⬆️
BCH:         -2.72%  ⬇️
APE:          -2.56% ⬇️

Today's highlights

SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel - Cointelegraph

Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K - Coindesk

Educational Post:

What is ERC-20 Token?

ERC-20 is a technical standard used to issue and implement tokens on the Ethereum blockchain. It was proposed in November 2015 by Ethereum developer Fabian Vogelsteller. The standard describes a common set of rules that should be followed for a token to function properly within the Ethereum ecosystem. Therefore, ERC-20 should not be considered as a piece of code or software. Instead, it may be described as a technical guideline or specification.

The ERC-20 standard makes it easier for developers to predict with more accuracy the interaction between different tokens and applications. It also defines how ERC-20 tokens are transferred within the Ethereum blockchain and how their respective supply and address balances are being consistently recorded.

The ERC-20 standard reduced significantly the efforts required to create and issue a digital token, and this is probably related to the raising interest in ICO crowdfunding events and blockchain technology as a whole.

Several projects are already using the technical standard, and the number of ERC-20 token contracts has grown drastically in the last couple of years. In mid-2017, there were around 5,500 ERC-20 smart contracts on the Ethereum network. In early 2018, this number grew to over 40,000 and is now more than 2,00,000.