The reality is that while investing in cryptocurrency is rather safe, there are scams that you have to be wary of. Recently, there has been information that there is a new doubtful asset that investors should be careful with.
The Warning
In the publication of current news, some scholars have come up with what they believe is a scam cryptocurrency. Well, this coin is quite eye-catching since it guarantees investors 100% profits with the lowest risk possible, a common strategy among fraudsters in the crypto space.
Signs That Should Raise Eyebrows
Unrealistic Promises: In the same way, if a coin promises big returns with minimal to no risks, then it should be regarded with suspicion. Thus, it is inconceivable that any legitimate investment can guarantee such returns without corresponding and significant risk involved.
Lack of Transparency: Normally there is hardly any info concerning the team behind the project or the technology used in the scams. A probably safer approach is not to invest in such projects, or at least – not without rather clear details provided about who stands behind it and how it works.
Pressure to Buy: They are likely to press you into investing faster based on information that time is limited. Spending weeks or even months to do your research is never time wasted and avoid making hurried decisions.
Protect Yourself
As a result, anyone who would wish to invest in any cryptocurrency should ensure that they carry out their research well to avoid being involved in a scam. Search for available feedback from other professionals and make sure the offered coin and its team are credible. There is always the danger of the conman, so never believe that any investment opportunity that is presented to you is a sure bet.
Conclusion
Investments in cryptocurrencies are potentially rewarding, yet they are not without associated risks; for example, frauds. Just like anything else, when you are aware of the risks and dangers involved, it is easier to avoid them and make better decisions with your money.
What Does Uniswap Foundation’s Balance Sheet Reveal Ahead of the Fee Vote?
The Uniswap Foundation published its balance sheet while the community decided on implementing a new fee structure. At the end of the first quarter, the foundation has about $41.41 million in fiat and stablecoins as well as 730,000 UNI tokens.
Financial Breakdown
-$41.41 million in fiat and stablecoins
-730,000 UNI tokens
The first is dedicated to grant commitments and operational expenses while the UNI tokens are reserved for the employees.
New Grants and Spending
The foundation has committed $4.34 million in new grants and disbursed $2.79 million from previous commitments. This fee transparency is coming when holders of the UNI tokens are set to decide on a new fee structure.
Upcoming Vote
The citizens will vote on a new concept that may alter how fees are shared. Some of the system’s incentives will be assigned to the token holders if the proposal passes. Preliminary surveys conducted revealed that there is a likelihood of the proposal being passed. This change will require migrating control over the primary UniswapV3Factory to a new V3FactoryOwner contract. Another vote will be needed to implement the new fee-sharing mechanism.
SEC Challenges
Uniswap is also preparing for a war with the US Securities and Exchange Commission (SEC). The SEC has sent a Wells notice to the foundation which can be interpreted as the emergence of enforcement proceedings. The SEC argues that Uniswap’s UNI and LP tokens qualify as investment contracts, and thus may violate United States securities laws. Unisperm Labs denies these allegations, stating that LP tokens are merely accounting coins and that the SEC has no authority over them.
Conclusion
Amidst a critical Uniswap Foundation vote and concerns over regulatory compliance, the organization stays true to its mission. The effects of the vote and actions of the SEC will greatly affect the future of Uniswap and how it proceeds.
Can Veteran Trader Peter Brandt’s Strategy Help You Win Big on Ethereum?
As for Ethereum, the world’s second-largest digital currency by market capitalization, Brandt has also shared his trading plan. Fundamentally, Brandt has provided information about his current positions, where he currently appears to be bullish on Ethereum and fully aware of the tried-and-tested classical charting techniques.
Applause as SEC Finally Approves First Ethereum ETF
In particular, the US Securities & Exchange Commission (SEC) recently green-lit petitions for approval for numerous ETFs tracking the Ethereum price. This decision has created a new belief system regarding the digital market, boosting Ethereum’s value. Altogether, in the past three months, Ethereum has gained approximately 100 percent, while in the past weekend alone, the price of Ethereum rose by 2. Approximately 38%, it is expected to be $3,905, up to $3,950.
Brandt’s Trading Approach
Therefore, it is evident that Peter Brandt’s trading strategy is rooted in charting techniques with a touch of advanced professional experience of 40 years. He is a swing trader whose strategy involves searching for high-probability pattern breakouts by technical charting of prices. The swing trading strategy seeks to make profits in a shorter period than the long-term trend, but longer than intraday trading, which may range from days to weeks.
Brandt utilizes the merits of technical analysis to determine support and resistance levels and trends in using them to determine if the price will be broken up or down. His current approach focuses on holding ether for the spot market, which means that he anticipates the price to increase.
Recent Analysis and Predictions
On the internet, in the forum or Reddit, with a chart indicating that Ethereum recently broke out with a target of $4,083. His choice to go long on ETHs is attributed to the trend and price variation of the related market. Brandt put the average success rate of his trades at 55% but he insisted that proper risk management is crucial. For instance, he often employs a stop-loss order to make sure that the fluctuation in loss will not exceed a certain level in case the market goes against him.
Conclusion
Peter Brandt is a professional and disciplined trader who prefers using charts to analyze price movements while following strict risk management measures, all this he uses when trading Ethereum. Looking forward at Brandt’s strategy then, this strategy is taking place based on the recent approval of the Ethereum ETFs through the SEC and the related market optimism, with Brandt anticipating more gains for Ethereum in the future.