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Ethereum is gaining momentum, why bulls may have more options
Ethereum has started a new rise above $4,200 against the U.S. dollar.
Ethereum started rising from the support zone of $4,000. Ethereum price even traded above the $4,200 resistance zone. A high near $4253 was formed and the price is now correcting lower. It has been trading below the $4,220 level. The closest support is around the $4,180 level. The stated level is around the 23.6% Fibonacci retracement level of the upward move from the swing low of $3,965 to the high of $4,253.
This coin is used as a currency to support small businesses.
GSX is actively used in South Africa as a currency in markets to support small businesses
The gold-backed currency is the first asset in a new genre of decentralized assets called growth coins. A growth coin combines most of the best elements of a stable coin, an investment coin, and a traditional cryptocurrency into one secured currency.
GSX is a trust backed by land rights and gold. There will be a steady increase in the amount of mineral-rich land and gold backing GSX. Of the mines and refineries supporting GSX, 50% of the metals mined, after expenses and expansion will be added to the GSX assets, so the value of the assets continues to grow steadily. Currently, the minimum asset value for the first year is $7 billion.
GSX is also a major asset in Knox World Wire, the newest, fastest, and most efficient international system.
The platform has no scalability issues. This is due to database-level segmentation, which ensures that there are enough resources to complete each transaction. Data partitioning allows any trader to execute huge amounts of transactions without fear of running out of space to process.
Moreover, the platform boasts a fast block completion rate of 2 seconds per transaction.
GSX gold backed currency
European investor initiates ICC arbitration proceedings against Binance, demanding $140 million
A wealthy investor claims his funds were unfairly liquidated by the exchange in November 2020.
The Block has learned that an unnamed investor from Europe has initiated ICC arbitration proceedings against cryptocurrency exchange Binance.
According to a source familiar with the situation, the investor is seeking more than $140 million in compensation, claiming that his funds were unfairly liquidated by the exchange in November 2020.
MasterCard to offer loyalty rewards to U.S. customers in cryptocurrency
Global payments leader MasterCard announced plans to integrate cryptocurrency into its loyalty program offerings.
The tech company revealed its plans as an Oct. 25 announcement, where it claimed to partner with digital asset platform Bakkt to offer U.S.-based financial institutions, FinTech firms, and a merchant on its payment system, a broad range of digital assets options.
In other words, U.S.-based MasterCard customers can now buy, sell and store digital assets in their wallets.
Shiba hits record high after price spike of more than 46%
Shiba Inu hit a record high over the weekend after prices jumped more than 46% in just two days to become the 11th largest cryptocurrency by market value.
According to CoinGecko.com, SHIB rose 50 percent in the 24 hours to 10:10 a.m. New York time on Sunday, and hit a record high earlier in the day, Bloomberg reported.
The SHIB / USD trading pair was also priced highest at $0.00003941 at the time of the press release.
Nigeria became the first African country to launch CBDC
Nigeria has become the first country in Africa to launch a state-owned digital currency called eNaira.
The central bank had previously delayed the launch for a month, but now it appears to be all set for an official launch. The Nigerian Central Bank also said that their emphasis was more on launching a finished product rather than meeting a deadline.
In a press release from the Central Bank of Nigeria, eNaira called an important step forward in the evolution of money.
Coinbase CEO shows support for Ripple and XRP amid a battle with SEC
The XRP Army believes Brian Armstrong may be hinting at the cryptocurrency’s re-enactment.
Coinbase CEO Brian Armstrong has shown support for Ripple in its fight with the SEC.
In a series of recent tweets, Armstrong wrote that the company’s case appears to be going “better than expected.”
Solana reaches an all-time high, increasing its lead over XRP
Solana leads the cryptocurrency market recovery, reaching a new record high
Trade Your Plan and Plan Your Trade in the Stock Market Trading System
Trade your plan, plan your trade is one of the common advices in the field of trading and it is not just a funny remark that traders express. Do you know how popular trend followers and expert traders like Jerry Parker, John Henry and Bill Dunn do it? Exactly. In the stock market trading system, they trade their plans and plan their trades. Here are some of the common tips on how they do it in their style.Jesse Livermore’s Stock Market Trading Plan
Jesse Livermore is regarded as one of the best traders of all time. He has been featured in many books and is widely read by new and experienced traders. Edwin Lefevre’s Reminiscences of a Stock Operator published in 1923 is the most read book on Livermore. In fact, traders nowadays turn to Livermore for stock market trading plan.
If you’ve been day trading for some time now, you’ve probably heard of trading stops over and over again that they seem like cliche already. Don’t over trade. The market it always right. Use stop losses. Always trade with the primary trend. These are only a couple of basic stock market trading lessons that traders have heard from the experienced investors and applied for themselves.Stock Market Trading Lessons Explain Why Price of Stocks Change
No one can predict the direction of the stock market. This explains why no one can predict why the prices of the stocks change. For inexperienced day traders, this is a challenge because there is nothing concrete in the industry that he decides to pursue full time. But for those who took the time to train in stock market trading lessons, they know exactly what to do and how to apply the trading strategies that they came up with.
Before you even think about trading professionally, you must check whether you have the right attitude and disposition for it. Ask yourself if you’ve trained enough for it already. Regard it as a battle that you’re going to fight in and you will be seriously injured if you do not have the right moves and right equipment.E-Mini Trading: Is Decision Bar Worth Using?
There are a wide variety of software programs available to assist e-mini traders in their trading endeavors. Some are quite helpful, others less so. Today I intend to discuss a popular program called Decision Bar.Why Most Poker Players Can Be Good Traders in the Stock Market System
If you will search on the internet, you will find considerable amount of articles discussing the connection between trading and playing poker. Most of these articles claim that poker players tend to become good (even the best) traders in the stock market system. You may be surprised to find out that some successful traders are ex-professional poker players.E-Mini Trading: Learning to Trade in the Channel
It is generally considered unwise to dabble with trading e-mini contracts when they are in a consolidation channel. I think, by and large, that this is some good advice because trading in channels can be treacherous and result in substantial losses. As a longtime trader though I relish the opportunity to channel trade e-mini contracts. Early in my career, nearly 25 years ago, I had an unusual mentor who lived to trade in the channels and was kind enough to share his technique with me.E-Mini Trading: How Many Contracts and How Often Should You Trade?
This is a very difficult question to answer properly, because the response is dependent upon an e-mini traders experience and goals. Obviously, a new trader should trade a single contract until he or she develops the competence and confidence to trade in a consistently profitable manner.E-Mini Trading: So You Think You Want to Trade E-Mini Contracts For a Living?
The dream of working from your home harvesting buckets of cash in your pajamas (if that is your preference) is an idealized view of economic nirvana often associated with e-mini trading. Unfortunately, for a fledgling trader nothing could be farther from the truth. Countless internet educators trumpet “easy money” to be made with relative ease are a contributing factor to the mistaken viewpoint that e-mini trading is an easy road to untold riches.
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