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Mastering Bearish and Bullish Flag Patterns in Crypto Trading

In crypto markets, flag patterns provide a clear window into trend continuation. These formations capture moments of consolidation after a strong directional move, offering traders clues about potential breakouts or breakdowns. This article delves into both bullish and bearish flag patterns, explaining how to identify them and use them as tactical signals in your trading strategy. Understanding Flag Patterns Bullish Flag A bullish flag is formed after a rapid upward move (the flagpole) followed by a brief, tight consolidation that usually trends slightly downward or sideways. This pause indicates that buyers are simply regrouping. A breakout above the consolidation zone confirms that the upward trend is likely to resume, presenting a buying opportunity. Bearish Flag Conversely, a bearish flag appears in a downtrend. It starts with a steep drop and is followed by a brief rally or sideways movement that forms a compact “flag.” Once the price falls below the flag’s lower boundary, it signals that selling pressure is set to continue, offering a chance to short or exit long positions. Key Elements to Identify Flag Patterns 1. Price Action Look for a strong, nearly vertical move (the flagpole) followed by a well-contained consolidation phase (the flag). Consistency in this pattern strengthens its predictive power. 2. Volume Dynamics Volume typically surges during the initial move and then tapers off during the consolidation. A renewed spike in volume as the price breaks out or breaks down confirms the pattern. 3. Breakout/Breakdown Confirmation For a bullish flag, a move above the upper boundary is the signal. For a bearish flag, a decline below the lower boundary confirms the trend. The height of the flagpole can then be projected from the breakout point to estimate the potential move. However, in some cases, instead of breaking upward, the price breaks down sharply through the lower trendline. A failed retest of the broken flag — where the price is unable to reclaim the pattern — further confirms the breakdown and invalidates the bullish setup. Trading Strategies and Risk Management Entry and Exit Enter trades only after the flag pattern is clearly confirmed, either through a breakout above the upper boundary (for bullish flags) or a breakdown below the lower boundary (for bearish flags). Jumping in too early, before confirmation, exposes traders to false signals and potential whipsaws. To manage risk effectively, place a stop-loss just outside the consolidation zone below the lower trendline for bullish flags and above the upper trendline for bearish flags. This helps protect capital in case the pattern fails or the market fakes out before reversing. Measured Moves Once the breakout or breakdown is confirmed, use the height of the flagpole as a guide to project potential price targets. This “measured move” technique involves taking the vertical distance of the initial flagpole and projecting it from the point of breakout (or breakdown). It provides a realistic, structure-based profit target to help traders avoid overly optimistic expectations or premature exits. Supporting Indicators Flag patterns become more powerful when confirmed by additional technical tools. Use moving averages to identify trend direction and dynamic support or resistance. Momentum indicators like the RSI or MACD can validate breakout strength — for instance, a bullish breakout supported by rising RSI adds confidence. Volume can also be telling: a spike in volume during breakout or breakdown supports the conviction behind the move, distinguishing real momentum from noise. Combining these elements helps filter out weak setups and improves decision-making. Conclusion Flag patterns are a potent tool in crypto trading, helping you pinpoint precise entry and exit points. By understanding the nuances of bullish and bearish flags—through price action, volume behavior, and breakout confirmations—you can add a refined, tactical edge to your trading approach. Mastering these patterns means turning moments of consolidation into profitable opportunities. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

Aethir (ATH): Journey Towards Democratizing Access to GPU Resources

What is Aethir (ATH)? Aethir (ATH) is a platform that transforms the traditional ownership, distribution, and utilization of enterprise-grade graphical processing units (GPUs). GPUs are essential for many high-tech operations, including artificial intelligence (AI), machine learning, and cloud gaming. However, with the AI boom, the demand for high-performance GPUs has skyrocketed, causing a significant shortage that impacts costs and availability. This shortage affects various industries reliant on these technologies, from gaming to the Internet of Things (IoT). Aethir offers a solution to this problem. By aggregating and redistributing underutilized GPUs from data centers, enterprises, cryptocurrency mining operations, and consumers, Aethir maximizes GPU utilization. This approach not only increases the availability of GPU computing power but also reduces costs and democratizes access to advanced computational resources. Who Created Aethir (ATH)? Aethir was founded by a team of seasoned professionals with extensive experience in the gaming, Web3, and technology sectors: ● Daniel Wang (Co-founder CEO): Daniel has held significant roles at IVC, YGG E2, Riot Games, and Riot Games China. His expertise in the gaming and Web3 industries makes him a formidable leader for Aethir. ● Mark Rydon (Co-founder CCO): Mark has an impressive background with roles at NOTA Platform, Flux Capital, Gaas LTD, Kulture Athletics, Inc., and Bechtel Corporation. ● Kyle Okamoto (CTO): Kyle’s experience includes being the CEO General Manager at Ericsson's IoT, Automotive, and Security businesses, CEO of Edge Gravity, and Chief Network Officer at Verizon Media. ● Paul Thind (CRO): Paul co-founded and served as CEO at Triggerspot Inc and has advised Creadits and Trick Studio. This experienced team brings a wealth of knowledge and expertise to the development and execution of Aethir's innovative platform. What VCs Back Aethir (ATH)? Aethir has garnered significant support from notable venture capital firms, including IVC, Animoca Brands, Gate.io, Bybit, Hashkey Group, etc. These firms’ investments underscore the confidence in Aethir's potential to revolutionize the cloud computing industry and address the pressing issue of GPU shortages. How Aethir (ATH) Works Two-Pronged Strategy Resource Pooling Owners contribute their underutilized GPUs to Aethir's network, forming a collective pool of potent computing resources. This democratizes access to advanced computational power and significantly reduces costs. Decentralized Ownership Aethir transcends traditional ownership structures by enabling distributed resource possession. This fosters a more equitable technological landscape and opens new economic opportunities for participants. Architectural Design Aethir's operation revolves around three essential roles: Containers, Indexers, and Checkers. These roles work together to ensure the smooth functioning of the platform: ● Containers: The core of Aethir's network, Containers deliver real-time, remote rendering services, which are crucial for a seamless cloud experience. They execute and render applications, ensuring that tasks such as game rendering are performed efficiently and with minimal latency. ● Indexers: These act as matchmakers, connecting users with the most suitable Containers based on various criteria like performance, latency, and cost. Their goal is to ensure that cloud-based applications launch quickly and operate smoothly, providing the best possible user experience. ● Checkers: Responsible for maintaining the integrity and performance of Containers, Checkers verify the specifications and quality of services provided by the Containers. They conduct random checks and assess services during different states to ensure compliance with the network's standards. By integrating these roles into its architecture, Aethir creates a robust ecosystem capable of tackling the most demanding computing tasks. ATH Tokenomics Central to Aethir's ecosystem is the ATH token. With a total supply of 42 billion tokens, ATH serves multiple purposes within the platform: ● Transactional Utility: Acts as the standard medium of exchange within Aethir, facilitating transactions for processing power. ● Governance and Participation: Empowers token holders to propose, discuss, and vote on platform changes, ensuring decentralized governance. ● Staking: New node operators stake ATH tokens as an initial commitment, aligning participants with the platform's objectives and serving as collateral against misconduct. ● Diversified Application: The ATH token is designed for a wide range of applications. With future integrations like merge mining and integrated marketplaces, ATH's utility is expected to expand, which means that its adaptability and relevance will increase. ATH Goes Live on Bitget Aethir represents a significant leap forward in cloud computing technology. By leveraging underutilized GPU resources and implementing a decentralized, efficient network structure, Aethir aims to meet the growing demands of AI, ML, and cloud gaming industries. Supported by a robust team of industry experts and substantial venture capital investment, Aethir is well-positioned to reshape the landscape of cloud computing. The ATH token plays a pivotal role in this ecosystem, facilitating transactions, governance, and staking, while also providing diverse applications. With its strategic tokenomics and innovative approach, Aethir is set to drive economic and technological advancements in the global GPU cloud economy. By trading ATH on Bitget, you directly contribute to the growth and adoption of Aethir's decentralized infrastructure. Explore the potential of ATH as it fuels innovation and drives the future of cloud computing. ATH on Bitget Pre-Market ATH is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. ■ Note: Partial completion is not allowed. For more specific information on how to get ATH tokens on Bitget Pre-Market, check out the announcement here. Get ATH on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Kamino Lending (KMNO): A Simplified Platform for DeFi Empowerment

What is Kamino Lending (KMNO)? Kamino Lending (KMNO) is a groundbreaking DeFi protocol that offers lending, liquidity provision, and leverage on a unified platform. Its mission is to empower users with accessible yet potent tools to navigate the powerful yet unfamiliar scene of decentralized finance. How Kamino Lending (KMNO) Works Core Primitives Kamino Lending revolves around two core procedures: - Automated Liquidity Vaults: These vaults, pioneered by Kamino in August 2022, are the pillar of its liquidity ecosystem. When users deposit their assets into these vaults, they receive kTokens in return. These kTokens not only represent the value of their liquidity position but also accrue yield automatically, thanks to the auto-compounding mechanism. The beauty lies in their versatility. The kTokens can then be utilized as collateral in Kamino Lend, opening the doors to many other DeFi strategies. - Kamino Lend: Kamino Lend is another cornerstone of the platform, offering a comprehensive suite of borrowing and lending services. With Kamino Lend, users can borrow and lend assets, harness leverage through sophisticated products like Multiply Vaults, and take advantage of long/short strategies. But what sets it apart is its risk-conscious design; Kamino Lend boasts a sophisticated risk engine to safeguard participants' interests and ensure a smooth and secure DeFi experience. Core Products Kamino Lending boasts two flagship products: - Multiply Vaults: These one-click vaults enable users to amplify their exposure to yield-bearing assets with ease. Leveraging mechanisms like eMode and kToken collateral, Multiply Vaults offer a user-friendly approach to maximizing yield while minimizing risk. - Long/Short Vaults: Currently in development, these vaults will offer users the ability to engage in long and short strategies, further expanding the lineup of DeFi tools available on Kamino Lending. KMNO Goes Live on Bitget As the native token of Kamino Lending, KMNO token holds intrinsic value within the ecosystem, reflecting its integral role in facilitating various DeFi activities, including borrowing, lending, and liquidity provision. Considering Kamino Lending's solid foundation and innovative offerings, trading KMNO token on Bitget presents a valuable opportunity to engage with a promising asset in a reputable exchange environment. By trading KMNO on Bitget, you can diversify your portfolio and capitalize on the evolving opportunities from both Bitget and Kamino Lending. How to Trade KMNO on Bitget Listing time: April 30, 2024 Step 1: Go to KMNOUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading. Trade KMNO on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Solana: The High-Speed Blockchain Revolution

Solana has made a name for itself in the world of cryptocurrencies and blockchain technology due to its impressive speed and efficiency. Unlike earlier blockchains such as Bitcoin and Ethereum, Solana was developed to overcome their inherent limitations. It offers a unique set of features that make it a strong contender in the decentralized applications (DApps) and decentralized finance (DeFi) space. What is Solana? Solana is an open-source project that leverages the permissionless nature of blockchain technology to offer decentralized finance (DeFi) solutions. Although it was established in 2017, Solana gained widespread recognition in 2020 and 2021 thanks to its fast transaction speeds and scalability. How Solana Works Solana's architecture is built on a unique consensus mechanism called Proof of History (PoH), which creates a historical record proving that an event occurred at a specific time. This, in turn, enables Solana to achieve high throughput, making it significantly more efficient than traditional Proof of Work (PoW) or Proof of Stake (PoS) systems. Solana's Tower BFT mechanism is a PoS-based consensus mechanism that combines with PoH-generated timestamps to reach consensus quickly and efficiently. It is responsible for Solana's ability to process thousands of transactions per second. Gulf Stream is Solana's mempool-less transaction forwarding protocol, allowing validators to execute transactions ahead of time, reducing confirmation time and increasing the network's capacity to handle more transactions. Sealevel is a parallel smart contracts runtime that enables Solana to achieve high throughput by allowing for simultaneous processing of transactions on the same state block. Turbine is Solana's block propagation protocol, designed to simplify the process of transmitting data to blockchain nodes. It breaks data into smaller packets, reducing bandwidth requirements and making it easier to transmit data. Finally, Archivers make up Solana's network of nodes responsible for data storage. They download data from validators and store it, playing a vital role in Solana's scalability solution. Revolutionizing Blockchain Efficiency Solana offers several features and benefits that make it an attractive option in the world of blockchain technology: High Throughput and Speed: Solana is known for its high throughput, with the ability to process 50,000-65,000 transactions per second (TPS). This is considerably faster than Ethereum's 15-30 TPS, making Solana a more appealing option for applications requiring high-speed transactions. Low Transaction Costs: Solana's efficiency also translates to lower transaction costs, making it an excellent option for micro-transactions and DeFi applications. This is particularly beneficial as high gas fees on networks like Ethereum can be prohibitive. Scalability: Solana addresses the blockchain trilemma of security, decentralization, and scalability by providing a scalable network without compromising on security or decentralization. Robust Ecosystem: Despite being relatively new, Solana has built a robust ecosystem encompassing various DeFi projects, NFT marketplaces, and DApps, which continues to grow at a rapid pace. Consider investing in Solana (SOL) ? It only takes 2 minutes to create an account on Bitget and start trading SOL. Conclusion Solana has emerged as a game-changer in the blockchain space by addressing some of the most pressing challenges faced by earlier technologies. Its novel consensus mechanism, along with other architectural enhancements, has positioned it as a potent platform capable of catering to a host of applications. Although there are some challenges and criticisms associated with Solana, its rapid growth and adoption suggest that it has the potential to become a major player in the blockchain industry. As the Solana ecosystem continues to evolve, it will be fascinating to see how it influences the broader blockchain and cryptocurrency landscapes. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitget Dual Investment: A Revolutionary Approach in Crypto Trading

Dual investment is emerging as a favored strategy for traders aiming to capitalize on market volatility. Bitget, a renowned cryptocurrency trading platform, has recognized this trend and introduced its own dual investment mechanism to cater to this demand. But what exactly does this term mean, and how does Bitget's offering stand out? Understanding Dual Investment At its core, dual investment is a hedging strategy used in crypto trading. It allows traders to potentially earn from both rising and falling markets without the need to predict the future price direction. It’s essentially a combination of a fixed deposit and a futures contract. You're guaranteed a baseline return, but if specific market conditions are met, you might get an even better payout. Why Dual Investment is Making Waves With the unpredictable nature of the crypto markets, the allure of dual investment is clear. Instead of trying to time the market – a task even seasoned traders find challenging – one can leverage Bitget's dual investment to gain from both bullish and bearish scenarios. This method, in many ways, democratizes trading, making it accessible even to those new to the crypto world. Bitget's Take on Dual Investment Bitget has taken the concept of dual investment and optimized it for its user base. Traders on Bitget can use this feature to lock in a portion of their assets at a predetermined price. If the market price exceeds this predetermined level during the contract period, traders stand to earn a higher return. If not, they still receive a fixed return, ensuring that their initial investment isn't lost. Moreover, Bitget offers a streamlined user interface that makes it easy even for beginners to understand and leverage dual investment. With clear instructions, real-time market analysis, and robust security measures, Bitget ensures that users can approach dual investment with confidence and ease. The Future of Dual Investment Given the inherent volatility of the cryptocurrency market, strategies like dual investment are not just trends but necessary tools for traders to navigate the market efficiently. With platforms like Bitget pioneering easy-to-use, effective dual investment mechanisms, we can expect this strategy to become a staple in portfolios of traders worldwide. In conclusion, the dual investment approach, especially as implemented by Bitget, is shaping up to be one of the most potent tools for modern crypto traders. It combines the best of both worlds - offering protection in market downturns and potential for profit in upswings. As the crypto world continues its unpredictable dance, having such tools at one's disposal becomes not just advantageous but essential. Feeling ready? Start your trading today with Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Countdown to Bitcoin Halving 2024: A Beginner’s Guide to Bitcoin Halving

TL;DR - Bitcoin halving is a process that reduces the rate at which new BTC are created by half approximately every four years, which ultimately limits the total supply of BTC to 21 million. - Bitcoin halving is important because it controls the supply of BTC, limits BTC inflation, helps secure the network better, and makes the network more sustainable in the long run. If you've ever delved into the world of cryptocurrencies, you've probably come across the term "Bitcoin halving." It sounds technical and complex, but fear not! In this article, we'll break it down in simple terms so you can understand what it is and why it matters. What is Bitcoin Halving? Bitcoin is often called “digital gold” because just like gold, there's a limited supply of Bitcoin. Miners are the ones who dig for this digital gold by solving complex mathematical puzzles, and they're rewarded with new BTC for their efforts. This reward is known as the "block reward." Block reward does not only serve as an incentive for miners but also acts as a way to introduce new BTC into circulation. Now, here's where the magic of Bitcoin halving comes in. Roughly every four years (or every 210,000 blocks mined), the reward that miners receive is cut in half. Hence, the term "halving." This reduction in rewards is hard-coded into the Bitcoin protocol, making it an essential part of the system. How Does Bitcoin Halving Work? Let's simplify it further. Before a Bitcoin halving, the block reward is a certain number of BTC. After the halving event, this reward is reduced to half of the amount before the event. The next halving will cut it in half again, and so on, until the maximum supply of 21 million BTC is reached. When Bitcoin was first created in 2009, miners were rewarded with 50 BTC per block. Fast forward to 2013, the first halving event took place and the block reward for Bitcoin mining decreased to 25 BTC per block. Subsequently, in 2016 and 2020, two more halving events occurred, further reducing the reward per block to 12.5 and 6.25 BTC respectively. Following this schedule, the next halving is expected to happen sometime in April - May 2024, and the last halving will be in the year 2140. It's also worth noting that Bitcoin has followed a pattern of surging to new ATHs after each halving event. Source: Techopedia But why was this “halving” created and why does it matter? Why Bitcoin Halving Matters Supply and Demand Bitcoin halving has a direct impact on its supply. When the reward is halved, fewer new BTC are released into circulation. With a limited supply and growing demand, the price tends to increase. It's basic economics - scarcity often drives up the value of an asset. This is one reason why Bitcoin is often compared to digital gold. Inflation Control Bitcoin's creator, Satoshi Nakamoto, designed this system to control inflation. Traditional currencies can be printed endlessly, leading to devaluation. Bitcoin, on the other hand, becomes scarcer over time, reducing the risk of inflation. Therefore, it can be said that its unique design offers a potent solution to the problem of eroding purchasing power. Securing the Network Miners are the backbone of the Bitcoin network. The halving provides major incentives to miners. As the reward diminishes, miners need to be more efficient, which, in turn, increases the network's security. Moreover, the price of Bitcoin tends to increase after each halving, so the rewards miners receive are likely to increase in value with time. Long-Term Viability By gradually reducing rewards, Bitcoin's life is extended. If rewards were too high and not controlled, it might have led to a rush to mine all the BTC too quickly. The halving paces the creation of new Bitcoins, extending its potential life span, and preserving the system's stability. Conclusion Bitcoin halving is a fundamental event in the cryptocurrency world. It ensures that Bitcoin remains both scarce and valuable. Understanding this simple concept can give you insights into the economics and sustainability of the world's most famous cryptocurrency. So, the next time you hear about a Bitcoin halving event, remember that it's just the digital gold mine becoming a little more exclusive, and that's one of the reasons why Bitcoin is so captivating to investors and enthusiasts worldwide. The halving event of 2024 may align with the probable approval of spot Bitcoin ETF by the SEC in the US. This is a development eagerly awaited by the cryptocurrency community as it could further solidify Bitcoin's mainstream acceptance and potentially drive renewed interest and investment in the cryptocurrency, potentially propelling it to yet another all-time high. To prepare for the upcoming 2024 Bitcoin halving and take advantage of its impacts, explore BTC trading on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Unleash the Power of Crypto with Bitget's Unique Features

Beyond our investment offerings, Bitget provides a plethora of unique tools and services that can significantly enhance your cryptocurrency journey. From an array of DeFi services to innovative incubation opportunities, and even an enriching learning platform, Bitget goes beyond the conventional, providing users with a well-rounded crypto experience. Dive right in! Launchpad Bitget Launchpad, released in 2022, is an innovative platform that supports the launch of new crypto projects and airdrops. Designed to discover high-quality projects for users, this platform provides direct access to buying or earning new tokens. To engage in an IEO (Initial Exchange Offering) on Bitget Launchpad, users must possess BGB to acquire lottery tickets and successfully complete KYC Verification. Participation in Bitget Launchpad follows a subscription model. After registering for an IEO, users can accumulate assets or trade to receive lottery tickets that grant the opportunity to purchase early-stage tokens. Bitget Launchpad Tutorial - Go to Bitget Launchpad - Choose the project that is open for registration and you want to participate in. - Click “Register” to earn lottery tickets for the chosen project. - Come back to the Launchpad page later at a designated time to see if you hold any winning tickets. - If you have winning lottery tickets, you can exchange your BGB for IEO tokens during the commitment period. Make sure you check the timeline of the IEO carefully and put it in your calendar so you don’t miss any period. Detailed guidelines can be found here. Lauchpool Bitget Launchpool is a crypto platform where users can stake and earn tokens with user-friendly terms and conditions. By staking with BGB or other coins into the Launchpool, users have the chance to earn free airdrops, earnings, and access to a substantial prize pool. Bitget Launchpool offers two distinct pools: a beginner pool and a general pool. Users may choose the pool they want to stake in based on their past Launchpool participation history and the amount of BGB they hold. It’s worth remembering that each pool has a different staking threshold, so users should read the details of each pool carefully before staking. Returns on staked assets are calculated within T+1 hours, with rewards distributed hourly. The estimated ROI is updated and available for viewing on the Launchpool page. Bitget Launchpool also offers flexibility for users, allowing them to withdraw their staked assets whenever they choose. Bitget Launchpool Tutorial - Go to Bitget Launchpool - Choose the pool that you want to stake in by clicking the respective “Stake” button. - Enter the amount you want to stake, then click “Confirm”. Detailed guidelines can be found here. CandyBomb Bitget CandyBomb is a unique centralized task-and-airdrop platform tailored for crypto enthusiasts seeking investment prospects. Distinguished from Bitget Launchpad, the innovative CandyBomb concept revolutionizes token acquisition. While Bitget Launchpad requires users to lock their BGB holdings for potential access to new tokens at a discounted rate, CandyBomb presents an effortless alternative. Participants are simply required to fulfill specified tasks, then new tokens will be deposited into their wallets without any associated costs. In this regard, CandyBomb empowers users to diversify their portfolios at no expense, making it a potent tool for continuous growth. CandyBomb Tutorial - Go to CandyBomb. - Choose the project you want to take part in and click “Sign up” - Complete the tasks as required. Each project has a different set of tasks so make sure to read carefully. - That’s all! Tokens will be airdropped to those who successfully fulfill the assigned tasks within the designated event timeframe. Detailed guidelines can be found here. Bitget Swap Bitget Swap is an innovative decentralized trading feature within Bitget that enhances user trading and meets diverse DeFi needs. It acts as an advanced DeFi aggregator, pooling liquidity from various trading pools to ensure optimal pricing and minimal fees. At the moment, Bitget Swap supports thousands of tokens on 9 prominent blockchains including Ethereum, Polygon, Arbitrum, and BNB Chain. We are expanding to cover more blockchains in the future. Bitget Swap brings three notable advantages: - Seamless Transfers: Users can move funds from their Bitget account to MegaSwap easily without incurring any fees (All internal transfers are free!). - Newcomer-Friendly: MegaSwap simplifies entry for beginners by allowing them to operate within the secure Bitget ecosystem, avoiding the complexities of setting up a new Web3 wallet. - Gas Fee Flexibility: Another MegaSwap's standout feature is its capability to facilitate token swaps within the same chain or across different chains without the requirement of native tokens like ETH or BNB for gas fees. Bitget Swap Tutorial - Transfer funds to Swap account. - Go to Bitget Swap. - Choose the desired trading pair and their respective chains. The example here shows exchanging BUSD on BNB Chain for ETH on Ethereum. - Enter the quantity of tokens you wish to exchange. - Review the exchange rate, transaction fee, and slippage then hit “Confirm” Detailed guidelines can be found here. Bitget Knowledge Hub Bitget Knowledge Hub is a treasure trove of valuable insights and comprehensive resources from industry experts that are designed to elevate your trading journey, whether you are new to crypto or a seasoned trader. Bitget Academy Bitget Academy provides a platform to accelerate your trading journey through a wealth of resources. You can delve into in-depth guides, discover practical tips, and stay updated with real-time market insights. Whether you're trading for the first time or already well-versed, Bitget Academy equips you with the essential tools and knowledge to confidently navigate the world of cryptocurrency trading. Bitget Blog Bitget Blog offers the latest news and updates from Bitget, from timely information about product developments, brand partnerships, ongoing campaigns, and to significant industry developments that impact the ever-evolving landscape of the crypto economy. Bitget Insights Bitget Insights provides a platform to bring your social and copy trading experience to the next level. Essentially, Bitget Insights is a brand new newsfeed located on the Bitget mobile app where influential traders and registered experts can share their financial analyses and views on the market with their Followers, creating a resource hub for retail traders or those just beginning to make better, more informed decisions. With its user-centric approach, efficiency, and security, Bitget delivers an unparalleled crypto experience that caters to every trader's unique needs. As the crypto economy continues to evolve, Bitget remains committed to empowering traders with valuable insights, resources, and innovative features that drive continuous growth and foster a collaborative trading community.

A Survey of Cryptocurrency Copy Trading

The rapid evolution of the cryptocurrency market has given rise to various trading strategies, among which copy trading has gained significant popularity. Copy trading, essentially, allows traders to replicate the strategies and trades of experienced investors in real-time. This approach, particularly advantageous for novices, mitigates risks and harnesses the expertise of seasoned traders in the highly volatile crypto market. Gaining Traction with Copy Trading Learning from the Experts One of the primary benefits of copy trading is the opportunity for novice traders to learn from and capitalize on the knowledge of experienced investors. By copying trades in real-time, newcomers can make informed decisions that are based on expert analysis, which is crucial in the unpredictable cryptocurrency market. Simplified Trading Process Copy trading simplifies the trading process by eliminating the need for extensive research and market analysis. The automated nature of copy trading allows users to replicate an experienced trader's actions without having to constantly monitor the market. Bitget: Pioneering Excellence in Copy Trading With an impressive user base of over 410,000 followers and 100,000 active traders, Bitget Copy Trading has carved a niche for itself. Its holistic approach encompasses an intuitive interface, advanced algorithms, transparent data, and a plethora of resources and support. User-centric Approach Bitget is crafted with the user in mind. The platform is designed to be intuitive and user-friendly, ensuring that even newcomers find navigation and usage to be seamless. Additionally, the platform is rich in tools and resources to facilitate informed decision-making and profit maximization. Cutting-edge Algorithmic System Bitget takes pride in its sophisticated algorithmic system, which automatically identifies and mirrors the trades of successful investors. This advanced system saves traders time and effort by removing the need to perform independent market research and analysis. Transparency and Informed Decision Making Transparency is at the heart of Bitget's operations. Traders have access to detailed data regarding the performance history of expert traders, including win rates, profit margins, and other critical metrics. This transparency empowers users to make well-informed decisions on selecting traders to copy and determining investment amounts. Unparalleled Support and Educational Resources Beyond trading, Bitget is committed to cultivating an informed and capable user base. The platform boasts 24/7 customer support to address any queries or issues. Furthermore, traders have access to Bitget Academy for an extensive library of educational resources, such as researches, tutorials, and articles, to sharpen their trading skills and market understanding. Feeling ready? Register now and explore the wonderful crypto world at Bitget! Wrapping Up Cryptocurrency copy trading represents an innovative and potent tool for traders seeking to maximize profits while mitigating risks. Among the platforms offering this service, Bitget stands as a front-runner with its user-centric design, advanced algorithms, transparency, and extensive support and resources. However, as prudent investors, it is advisable to survey the landscape, and conduct diligent research to find the option that aligns best with one’s trading goals and preferences.

What Is Cardano's Vasil Hard Fork Upgrade?

Cardano’s Blockchain Vasil Hard Fork Upgrade is set in this September 22, let’s discover how this upgrade will influence Cardano’s blockchain as well as the whole crypto ecosystem. Introduction What is Cardano? Cardano, which was founded in 2015, sees itself as an improved version of Ethereum and has positioned itself as a "third-generation" platform with Solana (SOL), Polkadot (DOT), and others. Giving the unbanked people of the globe access to banking services is another significant objective of Cardano. With its own native coin, ADA, Cardano is a public blockchain platform that is open-source and decentralized and enables peer-to-peer transactions. It is the biggest cryptocurrency to utilize a proof-of-stake blockchain, which is seen as a more environmentally friendly alternative to proof-of-work protocols like bitcoin. What is a hard fork? When users of a blockchain network choose to split the chain, two different networks or protocols are created. This is known as a hard fork. The hard fork may change the blockchain's transaction prices, validation rates, and incentives for mining. It can also assist in enhancing functionality, introducing new features, and closing security gaps in its protocol. What is Cardano's Vasil Hard Fork Upgrade? Cardano is sometimes criticized because its smart contract capabilities are seen as lagging behind the Ethereum blockchain. Vasil, Cardano's long-awaited update, despite multiple delays, is anticipated to begin on this September 22 and end five days later. This hard fork also delivers an updated version of Cardano’s smart contract ing language: Plutus v2. It will enhance the Plutus language, enabling more potent applications, together with expanded network bandwidth and less expensive transactions. Vasil preparations have been ongoing throughout the entire Cardano ecosystem for some years. SPOs, DApp developers, exchanges, and the core engineering teams at IOG and the Cardano Foundation have all made significant testing and integration efforts, with promising outcomes. A joint IOG/Cardano Foundation team will put Vasil into use on September 22 at the protocol level utilizing the hard fork combinator. On September 27th, developers will be able to use the new features on mainnet, along with a new Plutus cost model, and node and CLI support for reference inputs, inline datums, reference s, and collateral outputs. The Vasil Hard Fork upgrade will help improve these three main things: - Transaction costs will be reduced as a result of the new development's major network improvements, which will result in smaller transaction sizes and higher network performance. As of August 2022, the statistics on Messari.io shows that the average transaction fee for ADA is $0.15. After the XRP token, Cardano has the lowest transaction fees. - Scalability of Decentralized Applications (dApps): It is anticipated that the upgrade will address the concurrent issue that has significantly hampered the ability of Cardano's decentralized applications to scale. Cardano claims that 1,075 dApps are currently supported on its platform. - Transaction speed: This upgrade will enable users to store and reference data without using output. This will increase concurrency on the Blockchain and transaction throughput. It will also significantly speed up the transactions. At this time, transactions take about 20 seconds to complete. What does this Vasil Hard Fork mean for the ecosystem? First and foremost, DApp developers will be able to create more robust and effective blockchain-based apps thanks to these developments, while diffusion pipelining opens up the possibility for increased throughput and network capacity. For the broader crypto ecosystem, the Vasil hard fork may be an indirect booster to the ecosystem’s growth. The Terra’s crashing left many DeFi projects ‘homeless’, key stakeholders, and developers, of course, looking for a new home. As mentioned earlier, with Cardano planning to make smart contracts more usable, which will bring in more projects to the chain, there has never been a more opportune moment. Conclusion Even though the most recent news and upgrades managed to drive the price higher and inspire great enthusiasm in the Cardano ecosystem, this project still has a long way to go, given that market conditions are still bearish and prices of all the major cryptocurrencies are printing lower highs and lower lows. In an extremely fast-paced sector, Cardano is renowned for taking its time and operating relatively slowly, whereas other projects like Solana, NEAR, and Avalanche have already developed significantly more scalable and quick networks. Cardano should ramp up the pace while maintaining high-caliber product output if it wants to remain in the top blockchains for the next ten years. Follow Bitget Academy: Twitter | Telegram | LinkedIn | Facebook | Instagram Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.

WOO Network (WOO) Introduction

What is WOO Network (WOO)? Kronos Research established the WOO Network, a deep liquidity network for traders, exchanges, institutions, and DeFi platforms. The network's infrastructure uses blockchain technology to give traders, exchanges, institutions, and DeFi platforms access to more market liquidity and quicker trading execution at free cost or very low cost. It makes best-in-class liquidity, trading execution, and yield-generating tactics that are far less expensive than others or even free. Their services include Wootrade, a liquidity pool for institutional clients, DeFi-related products offered under the umbrella brand WOOFi, and WOO Network's centralized exchange (CEX) WOO X. - The WOO Network offers controlled and decentralized exchanges as a part of its liquidity network. - WOO X offers low-cost trading, customizable workspaces, and a lot of liquidity (the CEX). - WOOFi (the DEX) introduced a new Synthetic Proactive Market Making approach to mimic an order book from a regular exchange. Users of the trading platform can trade, earn and stake WOO, the project's native token. WOO may be purchased on Bitget with a credit or debit card, or it can be exchanged for other cryptocurrencies. What is WOO Network (WOO)? WOO Network (WOO) is the first social media platform in the world that pays users for creating original content. Using a "Woo Points" system, WOO encourages users to create and share high-quality content. These Woo points can be redeemed by members for rewards like gift cards, deals, and access to exclusive content. Everyone can use the internet more freely and without restrictions thanks to the decentralized WOO Network. No one can stop or restrict access to the WOO Network because it is made to be censorship-resistant. The network is also made to be very resilient, which means that even if some of the networks are down, they can still work. Anyone can contribute to the development of the WOO Network because it is an open-source initiative. The team is striving to improve the network by adding more features to the project, which is presently in beta. The WOO Network is based on the Ethereum (ETH) blockchain and conducts all of its transactions using ERC20 tokens. As a result, it is effective and safe. The WOO team has also developed a smartphone app that streamlines trading. The WOO Network is a DEX that is easy to use and has a wonderful user experience, so it's worth taking a look. How does WOO Network work? Institutional clients can update their order books to a depth that is comparable with top exchanges and reduce their bid-ask spread by using WOO Network (WOO). It is a zero-fee or even negative-fee trading platform that offers the best-in-class liquidity and execution to institutional and professional traders. One of the most popular options for active traders is WOOFi because of its fully adjustable workspace modules. The WOO Network is a blockchain that makes it possible to create dapps and smart contracts. The application, middleware, and core layers make up its three-layer architecture. Dapps are created and implemented at the application layer. Services like messaging, storage, and account management are offered by the middleware layer. Security and consensus are the responsibilities of the Core layer. Additionally, market makers from other platforms, such as dYdX, may use WOO Network as a venue. The zero-fee idea and appealing taker order conditions enable low-cost hedging. Due to the exponential growth of well-known platforms like dYdX, volumes have been steadily rising, and by the middle of September 2021, the 24-hour trading volume had topped $2.5 billion. What are the key features of the WOO Network? For institutional and professional traders seeking a big liquidity pool, narrow bid-ask spreads, and fee-free or fee-negative trading, WOO Network is the best option. The following are some distinctive qualities that set WOO Network apart: 1. Depth of the institutional order book: Institutional clients use WOO's cutting-edge order matching engine to achieve the best rates for their trades. 2. Narrow bid-ask spreads: Traders are guaranteed to receive the best rates for their trades thanks to WOO's substantial liquidity pool and sophisticated order matching engine. 3. Trading with no or little fees: WOO Network doesn't impose any trading fees and gives rebates to users who increase platform liquidity. 4. A workstation with complete customization: WOOFi, a fully customizable workspace module from WOO Network, enables traders to customize their trading experiences to meet their unique demands. 5. More complex order kinds: Iceberg orders are one of the sophisticated order types available on WOO Network, which enables traders to obtain the best prices for their trades. What are WOO X and WOOFi? The main offering of Centralized Finance (CeFi) trade services by WOO Network is WOO X. The exchange offers deep liquidity, flexible workspaces, and minima l trading fees. WOO X is a potent tool for traders looking to profit from the expanding CeFi sector. WOO X is the ideal platform for individuals trying to get the most out of their CeFi trading because of its minimal costs and high liquidity. Furthermore, the function that lets traders customize their workspace helps them to adjust their experience to suit their particular requirements. WOO X is the ideal platform for your CeFi trading needs, regardless of whether you're a seasoned veteran or just getting started. Source: WOO X WOOFi is an Automated Market Maker based on BSC that sets prices using the Synthetic Proactive Market Making (sPMM) methodology. Most common AMMs employ the simpler, more traditional Constant Product Market Marker (CPMM). Swapping, earning, and staking are the three main services that WOOFi provides. Swapping: In the liquidity pools of WOOFi, users can trade between token pairs. Compared to AMMs like Uniswap on Ethereum, the order book of a typical exchange is more comparable to the sPMM paradigm. To scan order book prices from centralized exchanges like Binance and determine an appropriate trade price, sPMM uses the market data oracles of WOO Network. Instead of the conventional dual asset liquidity pool (LP) scheme, liquidity is provided by single pools. WOOFi maintains and rebalances these assets by rewarding investors that contribute low-quality assets. Earning: Users can earn interest by adding their tokens to the liquidity pools of WOOFi. The interest rates are flexible and are based on the pool's liquidity level. Staking: For users who want to increase the interest they receive on their deposited tokens, WOOFi offers staking services. Staked tokens give the liquidity of the pool and take a cut of the trading commissions. WOOFi is a great option if you're looking for an AMM that may offer reasonable pricing and cheap costs. WOOFi is even more appealing if you are an LP because you can earn income on your capital deposits. WOO token Introduction The WOO token, which serves as the foundation for all DeFi and CeFi products and services, is the native token of the WOO Network. The maximum quantity is 3 billion tokens, and after monthly token burns, that number continuously declines until half of the maximum supply has been consumed. Future governance utilities for the WOO token are expected to give token holders voting rights over the network's evolution, depending on how much and how long they have staked their tokens. WOO token is a utility token that can be used on many blockchains with the use of bridges like BNB Chain, Ethereum, Avalanche, Polygon, Solana, Arbitrum, Fantom, and NEAR. It is incorporated into several well-known DEXes on different chains, including Bancor, SushiSwap, Uniswap, PancakeSwap, QuickSwap, and SpookySwap. The WOO token is a crucial component of the WOO Network ecosystem and is required for anyone wishing to utilize the network's extensive offering of goods and services. Among its principal use cases are: - Governance: Owners of the WOO token can vote on important choices affecting the direction of the WOO Network. Making judgments about which new goods and services to create as well as how to distribute the network's resources fall under this category. - Staking: The WOO token can be staked to receive benefits from the many goods and services the WOO Network has to offer. - Payment: All goods and services provided by the WOO Network are paid for using the WOO token. - Bridge: The WOO token acts as a link across various blockchains, enabling users to utilize the same token while benefiting from all of the greatest aspects of each blockchain. WOO Tokenomics WOO token has a cap set at 3,000,000,000 tokens; - 50% of tokens are ecosystem tokens for mining/ staking rewards; - 20% of the tokens are sold in private and public sales; - 20% are team tokens and 5% are advisor tokens; - And 5% is for liquidity management. The full breakdown of the WOO’s tokenomics can be found here. Staking WOO Tokens The WOOFi "stake" page allows community members to stake their WOO tokens in exchange for a yield from the performance fee and swap fee that is collected on the WOOFi Swap and Earn platforms, respectively. In return for staking WOO in the WOOFi staking contract, users receive xWOO as the LP token. xWOO tokens can be used to redeem the staked WOO after the unstaking time. Source: WOOFi How can I buy WOO tokens on Bitget? You can purchase WOO on Bitget by trading or exchanging it with other cryptocurrencies on Bitget platform: Trade WOO Token now! Disclaimer: This article is for educational purposes only and is not intended as investment advice. Qualified professionals should be consulted prior to making financial decisions. Follow Bitget Academy for more trading insights: Twitter | Telegram | LinkedIn | Facebook | Instagram