Author: BTCLFGTEAM
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is Alcazar token the next big thing on Ethereum BlockChain
is Alcazar token the next big thing on Ethereum BlockChain
remmember this is not a financial advise do your own research before investing in any cryptocurrency
Alcazar token is a well known and trending token of eth Blockchain Building the bridge of luck between the real world and the crypto world.team of highly experienced and highly motivatede cryptocurrency enthusiasts who plan to bring our real world ideas into the crypto world. Alcazar has started as an ERC-20 token and within it’s first week of launch, has registered as a legal company in the United Kingdom to prove it’s legitimacy.
We are building a platform where we will people will be able to try their luck on to win various items. The dApp users will be able to purchase tickets to take part in the raffles/lottaries and win huge prizes.Alcazar is an ERC-20 chain project aiming to merge luck in the real world
and the crypto world. This token will offer its holders to participate in virtual
raffles to win high-end luxury assets in the real world. The next generation
dApp will allow the backers of this project the chance of winning luxury
watches, exotic vehicles, tickets to premium events and high amounts of
tokens in many other projects that the holders dream of being a whale
on. The core team consists of experienced investors, developers and
marketers all based on a physical and legal company in the UK. We will be
very happy and pleased to welcome our backers in our office in the near
future as our project grows together with you.
If you ever dreamt of feeling the breeze in your roadster on the coast of
Monaco, join a luxurious cocktail party with our entrepreneurs, or attend
the Monaco Grand Prix with an exclusive hospitality ticket, Alcazar is here
for you.Team
James LydonCEO
Rennie SCFO
Eddie MCOO
smart contract has been deployed in the ERC-20 chain with simple,
but yet useful functions. With a low tax of 3%, the smart contract itself will
bring attention to Alcazar.
3% tax is separated in 2% auto liquidity and 1% marketing/utility wallet
which holds up to 0.025% of the supply before converting it to ETH and
sending it to the deployer wallet.
The auto liquidity tax will build Alcazar a really strong liquidity floor as time
goes on, thus making Alcazar bullet-proof in the long run. Volatility within
the chart will be limited as time goes on, making the token desirable for
whales.
The Ethereum collected in the deployer wallet will be used for marketing
and utility purposes, some of it will also be used for buybacks to support
the chart as we have always promised. Alcazar team has got your back. -
Is Solana (SOL/USD) consolidation a wait for takeoff or a further slide?
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Solana token fell the most in November
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Social metrics are negative for the cryptocurrency
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SOL has been consolidating for weeks and faces further downside
Solana (SOL/USD) was one of the worst-performing cryptocurrencies in November. The cryptocurrency came from a high of $38 on November 5 but now trades at just$13.55. The losses came in the wake of the FTX collapse. However, for almost three weeks, SOL has been consolidating at or above $13. Does this signal the entry of buyers?
Solana’s consolidation comes amid a troubling on-chain activity. According to Santiment data, Solana’s spot and futures markets are struggling, with the trade volumes at monthly lows. As of December 2, the open interest on Solana was $208.9 million, a decline of 1.25%.
Besides, short-position trades were active on Solana, with the funding rates remaining in the negative territory. Further indications were that there were more long liquidations ($207,000) than short liquidations ($89,000) worth of SOL.
Clearly, the data is against SOL. Social metrics show limited upside, with the sentiment negative. Consequently, the latest consolidation may signal sellers’ exhaustion rather than buyers’ entry. A break to the downside would welcome a lower price for SOL.
SOL consolidates at $13 amid bearish momentum
Technically, SOL is bearish in the longer-term outlook. The RSI is escaping the oversold level but still remains way below the midpoint. A slight recovery saw SOL move to the 20-day MA, but the price upside is still muted.
When to buy SOL?
Solana’s price is still bearish. Investors looking to buy SOL should wait for the bear market to subside before scooping the token. A break below the consolidation zone could see SOL hit single-digit prices.
Where to buy SOL
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
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GMX token (GMX/USD) benefits from FTX collapse and breaks from consolidation
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GMX token has more than doubled in price
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The DEX has witnessed increased activity in November
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GMX broke from consolidation and is a buy on a retracement
GMX token (GMX/USD) has doubled in price. Trading at just $25 on November 10, the cryptocurrency touched a high of $59 on December 2. The gains come amid an influx of investors post-FTX collapse. As of press time, GMX was trading at $56.
The collapse of the FTX exchange fueled demand for decentralised exchanges or DEX. Among the DEXs that became popular were GMX and Uniswap. Both platforms saw increased investors’ interest, fueling gains in the native tokens. Yet, on November 28, GMX saw $1.15 million in daily trading fees. The fees surpassed those earned by Uniswap for the first time in history. That underlined that investors look at the lesser-known DEX as a serious rival to Uniswap.
Market analyst Zen commented on the recent performance of GMX compared to Uniswap. The market analyst says GMX’s performance stems from investors receiving favourable trading fees of about 30%. Users on Uniswap do not get shares from the protocol’s trading fees. Zen says that GMX is a buy-and-hold in the bear market. He also lauds the platform as being the second-highest platform consistently after Uniswap.
GMX technical outlook as price aims for the stars
Technically, GMX broke above a resistance at $49. The cryptocurrency has also been trading on an ascending channel, now invalidated as the price broke out on the upper band.
An RSI reading of 70 suggests that GMX is entering overbought levels. The cryptocurrency is also facing minor resistance, and a correction could occur before the next bull leg.
When to buy GMX?
A breakout at the crucial resistance and strong fundamentals supports buying GMX. However, from the price action and indicators, GMX could be due for a correction.
A potential price retracement towards $49 is on the horizon. Investors should take advantage of a correction and buy lower.
Where to buy GMX
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SOL/USD Chart by TradingView
