The cryptocurrency industry is still in an active growth stage and is far from full adoption — currently there are still obstacles that hinder mass adoption, from a difficult user experience, the complexities of blockchain, and other things that are not easily understood by every ordinary user. For example, if someone wants to use a decentralized application based on Ethereum, they need at least a basic understanding of smart contracts and blockchain and to have enough funds (given the rapid growth of commissions in the network lately). …
Cryptocurrency trading is a very multidimensional activity with a whole encyclopedia of terms, strategies, and concepts. If you are a beginner, we recommend you to start from the basics by studying the 3Commas trading terminal interface. This is a new section in every user’s personal account, which will help you grasp the basics of trading. Our today’s guide is dedicated to the 3commas trading terminal features and will help you effectively navigate its interface.
Let us mark the major elements of the trading terminal interface displayed on the screenshot below:
Ethereum is undoubtedly the leader in the number of applications and protocols built on top of it in the field of decentralized finance. According to a study by DappRadar, DeFi’s transaction volume this year was about $270 billion, 12 times higher than the year before.
In today’s article, we will talk about Bitcoin’s role in the future of decentralized finance, building DeFi on Bitcoin, and the challenges the community faces in trying to implement affordable financial tools on the mainstream cryptocurrency network.
With the price rising above $20,000 and dominance exceeding 60%, the question of expanding the first cryptocurrency’s reach is even more acute. As an alternative to the traditional financial system, Bitcoin eliminates dependence on intermediaries and has the potential to become a global cashless system for making instant worldwide payments. …
After its emergence, Ethereum quickly gained the love of the crypto community. Over the years, the drawbacks of Ethereum have become increasingly noticeable — high fees and relatively low bandwidth have, to some extent, started hindering the development of the decentralized finance sphere on top of it. Recently, a complementary project to Ethereum called Avalanche has gained popularity. Today, we will look at some of the technical features and key organizations within the Avalanche ecosystem.
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. …
How to use all the features of Smart Trade to perform a scalp trade
Bitcoin is very bullish at the moment due to recently breaking it’s All Time High.
We can capitalise on this bullish momentum and aim to perform a scalp “long” trade during a period of consolidation on the low time frame, 15 minute chart.
On the chart below, you’ll see a trade idea with a risk to reward ratio of approximately 2 to 1, that is we clearly define our risk of $1 loss for a potential $2 reward.
This blog post will show you how to capitalise on a trade idea using most of the Smart Trade features 3Commas has to offer! …
When building the long-term investment portfolio, cryptocurrency indices are a way to track the crypto price movements. In addition to tracking the direction of crypto markets, indices allow you to create index funds — investment portfolios based on several digital assets.
In this article, we will talk about investment funds and their benefits and go through the existing solutions available to investors in the market today.
Indices provide an opportunity to evaluate the market’s financial state and the prospects of growth or decline of an asset group by taking into account such data as market capitalization, market price, number of coins in circulation, daily trading volume, etc. …
If you’ve heard the term Hash Ribbons and wondered what they are and how you can profit with this indicator in 3Commas, read on!
Whether you are new to trading or consider yourself an experienced trader, you may have heard your favourite Crypto YouTubers or social media influencers mention Bitcoin “Hash Ribbons” from time to time. If you’ve ever wondered what this indicator can tell you or how it works, then this is the blog post for you!
What are Hash Ribbons?
Great question, let’s break it down a little and explore a brief overview of Hash Ribbons.
You may already know that Bitcoin Miners perform calculations to solve a computational puzzle to create more Bitcoins. The computational power required is measured in units known as Hash Rates which is the sum of all the processing power of devices dedicated to mine Bitcoin. The current Bitcoin Hash Rate at the time of writing this blog post was a staggering 125 Exahash per second! That’s a mindblowing 125,000,000,000,000,000,000 attempts per second to solve a mathematical problem with the reward being a single Bitcon! …
Derivatives such as Options allow you to make unlimited profits while limiting possible losses. As one of the most complex financial instruments, Options are also one of the most popular earning tools in any market. In one of our previous articles, we described all the benefits of Options trading, types of Options, and some basic trading strategies.
In today’s article, we will discuss decentralized Options trading protocols and describe the main features and opportunities that decentralized markets offer to their users.
As the DeFi ecosystem and the amount of locked funds grows, its members increasingly need decentralized mechanisms to manage their risks. …
If you’ve been trading Cryptocurrency for a while, you may have heard Bitcoin Options mentioned many times. You might also have performed cursory research into what Options are and how to trade them but were put off because of confusing terminology or a lack of confidence to get started.
Maybe you thought: “Hah! Options, that’s what big institutions use; it’s no use for me and the amount of Bitcoin I have!”
Thanks to the awesome team over at Deribit, they have made Options extremely easy to access for retail investors and smaller account holders, they have no onerous restrictions to signing up, depositing some funds to get started, and have an enviable reputation for integrity and innovation. …
If you look at the DeFi ecosystem through a wider lens, you can see that decentralized finance projects are working and developing in roughly twelve directions. Attempting to shift to a decentralized form of almost everything related to the traditional financial system also means trying to move as quickly as possible to new types of interactions with financial instruments and decentralization of these interactions.
One of the most profitable and developing sectors of decentralized finance is payment solutions, which are designed to create an open, global financial ecosystem and enable secure, stable, and fast transactions using smart contracts.
In today’s article, we will talk about applications, solutions, and protocols that allow users to make cross-border payments without intermediary fees and financially interact without having access to traditional banking systems. …