Have you invested in an extremely rare opportunity of a lifetime?

Have you invested in an extremely rare opportunity of a lifetime?

The Next “Buzz Word” Altcoins
Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month.

Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions, however, were not ready or capable of participating in that revolution so they “pooh-poohed” it. The SEC decided that most altcoins were securities which precipitated a huge bear market. By the end of 2018, cryptos had undergone an 85% decline and BTC hit a low price of $3,236.76 on Dec 15, 2018. But then look what happened.
BTC was up 92.71% in 2019
It was up 305.94% in 2020
And it’s up 75.42% in less than 50 days of 2021….

What did I say in 2018? There was actually a period from October through November last year when I made over $3 million in 7 weeks. Cryptos are the investment of a lifetime.

While BTC could go up another 10 fold in the long run, I doubt that it will go much over $100,000 this year…. But the opportunity of a lifetime is not over because now the altcoins are starting to move. Here are a few examples, and this is just the movement in 2021.

BNB 289%
ETH 144%
LINK 178%
SNX 215%
AAVE 397%
CND 145%

And remember those gains are just from the 48 days of 2021….

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Update on Cryptoassets
I think that there are a number of altcoins that could go up 10 times or more during the rest of 2021. Now we might have a decline of 40% or more during the year, but it probably will be short-lived with a very quick recovery…
BTC was up 92.7% in 2019, 305.94% in 2020, and in the first six weeks of 2021, it’s up 74.22%. Let’s contrast that with the other hedge against the USD and disaster, gold. Gold was up 20.94% in 2019, up 18.32% in 2020, and it’s down 5.1% so far in 2021. The path of safety is now BTC.

Gold has about 10 times more market cap than cryptos right now (even though cryptos are now over a trillion for the 1st time). If all of the money in gold went into BTC, BTC’s price would be about $370,000…

People talk about BTC being volatile and risky. But where can you find something that has made over 1,000% in 3 of the last 11 years, over 100% in 8 of them, and had only two losing years? There is only one other place than BTC with anywhere near equal performance – other cryptoassets.
If you had bought BTC at the beginning of 2012 (well, not at the very beginning), you would have turned $1,000 into more than $7.1 million (up $4.5M last month)…

Remember these are 30-day percent gains. This is probably the easiest market possible to make a lot of money. You could, however, just as easily enter a position and immediately have a 25% drawdown – which could cause you to exit and then miss out on some nice gains. If you don’t have strong beliefs about cryptos like I do, crypto volatility will test you…

This newsletter makes no recommendations about cryptos but is a free service… I personally own positions in most of the cryptos mentioned in this newsletter.

Author: Van K. Tharp, PhD

Note: This article was culled and abridged from a monthly cryptos update by Dr. Van Tharp. The full article can be accessed here.

You can purchase crypto coins here. 

 

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Uniswap Price Analysis — February 8

Uniswap Price Analysis — February 8

Uniswap (UNI) has been on a roll since the start of the year with the market capitalization increasing by about 280% in its year-to-date figures. Although the cryptocurrency has traded on a depressed momentum through February, the possibility for another leg up appears to be very likely.

IntoTheBlock’s In/Out of the Money around Price (IOMAP) model shows that there is very little resistance ahead for Uniswap at its current price level ($19.44). Instead, the model reveals that there is a massive demand wall lying ahead for UNI. The $19.60 resistance was said to be a significant price point for UNI, considering that there was a 2,900-address strong buy wall at that level that bought about 8.4 million UNI.

Considering the strength of this buy wall, a fall below the $19.60 level—like we are currently seeing—will prompt these investors to bulk-up on their holding to avoid seeing their investment go ‘Out of The Money.’

That said, if a major downward swing rocks the UNI, the IOMAP showed that there was yet another buy wall at the $18.04 support area. At this buy wall, there were 6,500 addresses ready to purchase about 1.45 million tokens.

Uniswap is a Decentralized Exchange (DEX) protocol created by Hayden Adams in 2018. The DEX allows investors to trade ERC-20 tokens in a non-custodial manner through designated software or hardware wallets. Uniswap released its governance token (UNI) via airdrop on 16 September 2020.

UNI – 4-Hour Chart

Key UNI Levels to Watch — February 8

Following a recent fall from the $22.64 all-time high last week, UNI appears to have rebounded from the $17.23. The cryptocurrency is now trading up along our ascending trendline, as the cryptocurrency aims for the $22.64 ATH. However, UNI would first have to clear the $20.86 resistance in the coming hours.

Failure to clear this resistance soon could send the cryptocurrency down to the $18.65 support, where more dip-buyers could come on board.

Meanwhile, our key resistance levels are at $20.86, $21.68, and $22.64. While our key support levels are at $18.60, $17.23, and $15.84.

Total Market Capitalization: $1.34 trillion

Uniswap Market Capitalization: $5.8 billion

Uniswap Dominance: 0.4%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
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  • Min Deposit
  • Score
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  • Over 100 different financial products
  • Invest from as little as $10
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$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.