Synthetic Stocks Bring Innovation to Cryptocurrency Markets! But the risk is great!
DeFi platforms (decentralized finance), non-financial tokens (NFT), and synthetic products are at the top of the list of technological financial instruments that have started to appear in the cryptocurrency markets within 1 year. Through the fusion of human intelligence with blockchain, we are faced with new, completely new financial assets. Next-generation financial products allow investors to gain access by crypto signals to the global financial system and alternative investment instruments.
Investors wishing to invest by crypto signals of SafeTrading in international markets from Turkey need to purchase brokerage services from banks. In addition, the distance and time difference creates serious obstacles for our domestic investors who want to invest in the international stock markets. Brokerage services can be quite expensive. In this case, international stock markets may no longer be attractive to investors with $ 1000 capital.
We see the change in the S & P-500 index. The index breaks historical records. The stocks of companies such as Apple, Tesla, Amazon, and Google were praised highly. However, low-net-worth investors find it difficult to buy shares on the New York Stock Exchange or the Nasdaq Stock Exchange.
Synthetic Stocks Bring Innovation to Cryptocurrency Markets! But the risk is great!
The aforementioned difficulties can be overcome thanks to the cryptocurrency markets and synthetic crypto assets. Shares in companies like Apple, Tesla, Google, and Amazon can be tokenized and listed for sale in cryptocurrency markets. Popular stocks can be easily bought on exchanges where synthetic stocks are sold.
However, it should be borne in mind that cryptocurrency markets are not regulated and not every cryptocurrency exchange like Bitcoin Evolution instills confidence in the stock markets. Some synthetic Apple stocks are allegedly fake. Unfortunately, the legal way for investors to buy fake synthetic products to get rid of their claims is not very clear.
Bitcoin in Wyckoff redistribution?
Bitcoin and its changing trends have forced analysts and traders to evaluate the movements of the royal coin differently every day. From the extreme bull market to the bear market, the last cross of death, and the coming Golden Cross, every coin move is analyzed on different charts. But there is something that seems to be turning from simple assumptions into a reality that raises the question: Is Bitcoin really saving Wyckoff?
Rekt Capital recently analyzed this picture and reiterated that while this accumulation appears to be happening, it is still short-term.
The classic Wyckoff accumulation model defines a set of levels to be reached. This meets the requirements of the different phases of the model On the daily chart, Bitcoin appears to have already confirmed Phases A and B, and most recently Phase C. This positive move created new resistance at $ 36,000, which is important for the move towards $ 40,000. Rekt Capital also tweeted the same:
BTC needs a weekly close above ~ $ 34,800 as that means BTC has successfully retraced its weekly low and support for the 50-week EMA.
This resistance must be broken as soon as possible for the cryptocurrency to enter Phase D. BTC is currently at the peak of an exciting Phase C. Since Bitcoin has successfully turned $ 33,000 from resistance to support, forming the third high in Phase C. In simple terms, this is confirmation that stage C has been passed. Phase D may have a higher level of $ 38,000 and a retest for $ 36,000.
Bitcoin in Wyckoff redistribution?
It is also possible… When bitcoin is placed on the weekly chart, it can be observed that the move is showing rather bearish momentum. In phase D of accumulation, it was above $ 38,000 and retested at $ 36,000, a test of resistance and bearishness in case of redistribution. If the coin manages to surpass $ 38,000, it will rise, but if it falls, it will only continue the downtrend. As mentioned earlier, longer timeframes have a higher value, but the reallocation will become invalid unless Bitcoin loses $ 28,000 as support.
Investors should monitor these levels closely to ensure minimal losses – says the analyst of SafeTrading.
What are the prospects for Avax and the cryptocurrency market?
Despite the recent downturn in the market, a computer scientist and professor at Cornell University says he is as optimistic about cryptocurrencies as the SafeTrading team is.
The market will rise again with new investments
Emin Gün Sirer, the creator of the Avalanche blockchain protocol, said the fall in cryptocurrency prices does not diminish optimistic expectations about the future of the market as a whole. According to Sirer, in the past year, everyone has been asking about cryptocurrencies, from politicians to central banks and even hedge funds. Indeed, the influx of hedge funds and institutional money, in general, seemed to make a huge boost for the crypto market from the fourth quarter of 2020 until the market crash in May.
As the Cornell professor said in a statement, hedge funds are no longer the only major funds entering the cryptocurrency market.
“I have received offers from various funds. They are all connected to very different markets, moving much slower, but the amount of money they control can be ten times more than usual, and they are slowly entering the cryptocurrency market. ”
Emin Gün Sirer’s comments seem to be in direct proportion to claims that independent health funds and some pension funds recently announced by the New York Digital Investment Group may enter the cryptocurrency market.
Sirer also compared Avalanche to other major blockchain platforms in its field, adding that his platform offers superior performance with lower operating costs compared to other competitors in the market.
AVAX Coin claims that anyone can trade and mine assets in a decentralized manner thanks to smart contracts and other cutting-edge products. With this platform they have created, they aim to become a global asset exchange.
