CRYPTONAIRE
WEEKLY CRYPTO investment journal
CONTENTS
WEEKLY CRYPTOCURRENCY MARKET ANALYSIS...............................................................................................................5 TOP 10 COINS........................................................................................................................................................................................6 Top 10 Coins by Total Market Capitalisation ...................................................................................................................6 Top 10 Coins by Percentage Gain (Past 7 Days) ...........................................................................................................6 Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days) ..........................7 CRYPTO TRADE OPPORTUNITIES...............................................................................................................................................9 ADVERTISE WITH US........................................................................................................................................................................14 ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD ..................................................................................................15 Grayscale Is Interested in Launching A US Bitcoin ETF and So Are Its Investors, says CEO ..........................15 Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist..................................................16 About $40 billion from stimulus payments may be spent on Bitcoin.........................................................................17 The four-largest NFT DApps are driving $10m in daily volume...................................................................................19 Gas tokens gain 300% as the quest for Ethereum network alternatives expands.............................................20 Ripple Asks Court to Force SEC to Produce Documents Regarding Bitcoin and Ethereum............................21 Bullish uptrend intact as Bitcoin futures open interest hits $22.5B ..........................................................................23 Three NFT Coins Could Soar 100X This Year, According to Crypto Trader Ben Armstrong...........................24 BitMEX Co-Founder Surrenders in New York ...................................................................................................................25 South Korean crypto exchange volumes surpass those of its entire stock market............................................27 TOP REASONS FOR CHOOSING QOINIQ FOR DIGITAL CURRENCY TRADING ..................................................................28 INTRODUCING AUBIT FREEWAY — THE WORLD’S NEXT GREAT ASSET MANAGEMENT PLATFORM.........................33 CRYPTOCURRENCY MILLIONAIRES IN 2021.................................................................................................................................37
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Editor’s Letter
Bitcoin hit a new all-time high in the last week as it soared above $60,000. This could have attracted aggressive short-term traders who may have expected the next leg of the uptrend to begin. In anticipation of a rally, many retail traders seem to have used derivatives to build positions, which led to the funding rates on bitcoin perpetual futures rising to 200% on an annualized basis, which is unsustainable, according to Singapore-based quant firm QCP Capital.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE TOP REASONS FOR CHOOSING QOINIQ FOR DIGITAL CURRENCY TRADING, INTRODUCING AUBIT FREEWAY — THE WORLD’S NEXT GREAT ASSET MANAGEMENT PLATFORM & CRYPTOCURRENCY MILLIONAIRES IN 2021 We had mentioned in our previous analysis that we were bullish and that is how Bitcoin played out last week. The largest cryptocurrency surged above £41,795 on March 13 and hit a new all-time high at £44,238. However, the bulls could not hold on to the higher levels as the price turned down and broke below the breakout level at £41,795. This is a negative sign as it suggests traders are booking profits on rallies. The BTC/GBP pair has dipped back to the 20-day EMA, which is an important support to watch out for. If the price rebounds off this support, it will suggest traders are buying on dips. The bulls will then again try to resume the uptrend by pushing the price above the £41,795 to £44,238 overhead resistance zone. Contrary to this assumption, if the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA. This is an important support because the bears have not been able to break it since October 9 of last year. Therefore, a break below it will suggest a possible change in trend. The bearish divergence on the RSI is pointing to a possible deeper correction. We will wait for the price to form a bottom before proposing a trade in it. Lastly please check out the advancement’s happening in the cryptocurrency world.
Chief Editor
Enjoy the issue!
Cryptonaire Weekly | March 16th 2021
Karnav Shah
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CRYPTONAIRE WEEKLY After mentoring thousands of crypto traders around the globe, we have culminated all of the consistent and ongoing requirements of crypto-traders into one place. Our Cryptonaire Weekly magazine includes expert technical analysis, providing trading opportunities to our subscribers as well as fundamental analysis so our readers can keep up to speed with the current developments in the crypto markets. Not only do we provide the information necessary to trade active cryptocurrencies on the exchanges, but we also take a look at ICOs to help you find those golden projects with real value! No longer will you have to rely on multiple sources to keep on top of the markets, we deliver everything directly to your inbox each and every week.
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WEEKLY CRYPTOCURRENCY MARKET ANALYSIS Hello, Crypto Traders welcome to this week’s 173rd edition of Cryptonaire Weekly. The overall Cryptocurrency Market Cap stands at $1.68 Trillion. We have seen a $20 Billion increase in the Market Cap since the last week. Bitcoin price is currently around $54,050 from $53,850 since last week and has increased by 0.37% and Ether price is now at $1,755 from $1,850 since last week and has decreased by 5.14%. The current market cap for bitcoin is $1 Trillion, and for Altcoins, the current market cap is $680 Billion. Bitcoin hit a new all-time high in the last week as it soared above $60,000. This could have attracted aggressive short-term traders who may have expected the next leg of the uptrend to begin. In anticipation of a rally, many retail traders seem to have used derivatives to build positions, which led to the funding rates on bitcoin perpetual futures rising to 200% on an annualized basis, which is unsustainable, according to Singapore-based quant firm QCP Capital. When using leverage, even small adverse movements in the price can result in large drawdowns and margin shortfalls. This could be one of the reasons for the massive liquidation of derivatives positions to the tune of about $1.83 billion within a 24-hour period. Even in the spot markets, Glassnode data shows that the influx of retail clients has reached record highs. Recently, data compiled by JPMorgan Chase has also shown that retail Bitcoin purchases have surpassed that from institutional investors in the first quarter of this year. A survey conducted by Mizuho showed that about $40 billion of the $380 billion in stimulus checks to Americans could find its way into Bitcoin and stocks. About 61% of the respondents said they will be investing their money in Bitcoin. This shows that the retail crowd will continue to pump money into crypto assets.
Percentage of Total Market Capitalization (Dominance)
Bitcoin
60.76%
Ethereum
12.03%
Tether
2.30%
Binance Coin
2.29%
Cardano
1.97%
Polkadot
1.84%
XRP
1.23%
Uniswap
0.90%
Litecoin
0.79%
Chainlink
0.68%
Others
15.21%
Usually, the retail crowd is notorious for entering in the last stages of the bull phase. Therefore, traders should be careful in the next few days as the professional traders could use the retail mania to offload their positions and cause a correction.
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TOP 10 COINS Top 10 Coins by Total Market Capitalisation
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Top 10 Coins by Percentage Gain (Past 7 Days)
Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days)
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CRYPTO TRADE OPPORTUNITIES BITCOIN - BTC/GBP
We had mentioned in our previous analysis that we were bullish and that is how Bitcoin played out last week. The largest cryptocurrency surged above £41,795 on March 13 and hit a new all-time high at £44,238. However, the bulls could not hold on to the higher levels as the price turned down and broke below the breakout level at £41,795. This is a negative sign as it suggests traders are booking profits on rallies. The BTC/GBP pair has dipped back to the 20-day EMA, which is an important support to watch out for. If the price rebounds off this support, it will suggest traders are buying on dips. The bulls will then again try to resume the uptrend by pushing the price above the £41,795 to £44,238 overhead resistance zone. Contrary to this assumption, if the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA. This is an important support because the bears have not been able to break it since October 9 of last year. Therefore, a break below it will suggest a possible change in trend. The bearish divergence on the RSI is pointing to a possible deeper correction. We will wait for the price to form a bottom before proposing a trade in it. Cryptonaire Weekly | March 16th 2021
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ETHEREUM - ETH/GBP
We were expecting Ether to reach its all-time high at £1,456.18, but the bears had other plans. They stalled the rally at £1,391.98 on March 13. The price has again dipped back to the moving averages. The bulls will now try to defend the moving averages and if they succeed, the ETH/GBP pair may make one more attempt to rise above the all-time high. If they manage to do that, the pair could rally to £1,767.7 and then £1,968.87. However, the flattening 20-day EMA and the RSI near the midpoint suggest the bulls are losing their grip. If the bears can sink the pair below the 50-day SMA, the decline could extend to £1,100 and then £932.54. A strong bounce off the support levels could keep the pair range-bound for a few days. We do not find any reliable buy setups, hence we are not recommending any trade in it.
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RIPPLE - XRP/GBP
XRP turned down from the overhead resistance on March 10 and slipped below the 20-day EMA. The selling continued and dragged the price below the 50-day SMA on March 12. This suggests bears are aggressively defending the higher levels. The price could now remain range-bound between £0.27916 to £0.355 for a few more days. The flat moving averages and the RSI near the midpoint also point to a possible consolidation. However, if the bulls can drive the price above £0.355, the XRP/GBP pair is likely to pick up momentum and start its journey towards £0.48718. Therefore, we retain the buy trade proposed in the previous analysis. This bullish view will invalidate if the pair turns down from the current levels or the overhead resistance and breaks below the £0.27916 support. Such a move could start a downtrend that may reach £0.15.
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CARDANO - ADA/GBP
We had highlighted in the previous analysis that the failure to achieve a strong rebound off the 20-day EMA suggests a lack of buying support. Cardano broke below the 20-day EMA on March 12. Although the bulls tried to push the price back above the 20-day EMA on March 13, they could not hold on to the higher levels. This shows traders are booking profits on rallies. The 20-day EMA has flattened out and the RSI has dipped below 48, indicating that the bears are trying to make a comeback. If bears sink the price below £0.58, the pair could drop to £0.50. A deeper correction could delay the start of the next leg of the uptrend. This bearish view will invalidate if the price turns up from the current levels and rises above £0.90. That could result in a retest of £1.07197.
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BINANCE - BNB/GBP
Binance Coin broke above the symmetrical triangle and soared above the £200 overhead resistance on March 9. The bulls attempted to resume the uptrend on March 11 but they could not sustain the higher levels, as seen from the long wick on the day’s candlestick. This could have attracted profit-booking from short-term traders and that pulled the price back below the £200 support on March 12. The attempt by the bulls to push the price back above £200 failed on March 13. The BNB/GBP pair continues to witness profit-booking and has now dropped to the strong support at the 20-day EMA. A strong bounce off it will signal strength, but if the bears sink the pair below it, a drop to £130 may be on the cards. The flat 20-day EMA and the RSI near the midpoint suggest a range-bound action for the next few days. Trading can be random and volatile inside a range, hence traders could remain on the sidelines until clarity emerges.
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ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD Grayscale Is Interested in Launching A US Bitcoin ETF and So Are Its Investors, says CEO
Michale Sonnenshein says it is a “matter of when not if” US regulators approve a Bitcoin ETF but waiting for a green signal from the regulators. Grayscale Investments, the world’s largest digital asset manager, is betting on the approval of a US Bitcoin exchange-traded fund (ETF) in the near future. The company is interested in launching a Bitcoin ETF, that is if the authorities give it the green light to do so. Chief executive Michael Sonnenshein told Insider,
“When we get the signal that perhaps they have greater comfort and have seen some of [the] elements in the market mature, we would continue to look to be engaged in those discussions.” The asset manager has $43.55 billion in AUM, of which north of $37 billion is in Grayscale Bitcoin Trust (GBTC). GBTC has been trading at a discount for over ten days now, currently at 7%, as per YCharts. Read more...
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Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist
The decline in institutional investment may be one reason behind bitcoin’s failure to hold above $60,000. Bitcoin (BTC) retail investors have picked up the slack amid an apparent decline in institutional inflows so far this quarter, according to a report by JPMorgan strategist Nikolaos Panigirtzoglou. The decline in institutional investment may be one reason behind bitcoin’s failure to hold above $60,000, as CoinDesk has reported. However, all eyes are on a pickup in retail investment, especially given a new round of U.S. stimulus checks going out in recent days. Retail investors have purchased over 187,000 bitcoins so far this quarter, compared to roughly 172,684 by institutional investors, according to JPMorgan estimates. Institutions were heavy buyers in Q4, far outpacing retail investment. But now, both retail and institutional bitcoin flows are more equally balanced compared with Q4. Read more...
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About $40 billion from stimulus payments may be spent on Bitcoin
After the stimulus package worth trillions of dollars received the green light from US authorities, many Americans received their own stimulus checks. US citizens have decided to put these funds to interesting use, according to a new survey from Mizuho Securities. Managing Director of Mizuho, Dan Dolev predicted that about 10%, or nearly $40 billion of the $380 billion in direct stimulus checks, “may be used to purchase Bitcoin and stocks.” According to the survey the flagship crypto asset, Bitcoin will account for “60% of total incremental investment spend.” The Mizuho team was able to calculate that this purchase could add as much as “2-3%” to Bitcoin’s current $1.1 trillion market cap. The survey involved approximately 235 individuals who earned less than $150,000 worth of household income. About 200 of these respondents stated that they expected to get the third phase of the direct stimulus checks soon. Other than Mizuho, Bitcoin bulls have been making similar predictions. Earlier today, Galaxy Digital founder Mike Novogratz claimed that a lot of young American people will use their stimulus payments to invest in Bitcoin. Read more...
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The four-largest NFT DApps are driving $10m in daily volume
According to DappRadar, the top four decentralized NFT apps now drive $10 million in volume each day. The excitement surrounding NFTs is showing no signs of slowing down, with the top four decentralized NFT apps driving more than $10 million in daily volume. According to decentralized application data aggregator DappRadar, NBA Top Shot, CryptoPunks, Mooncats, and Sorare represented more than $10.57 million worth of secondary NFT sales over the past 24 hours. However, overall NFT DApp volumes are dominated by the top four, with the combined daily volume of the 10-largest DApps equating to $12.27 million. NBA Top Shot’s secondary marketplace is the dominant NFT DApp by all metrics, with 30,944 traders driving 30,372 transact worth $4.62 million over the past 24 hours. While the pioneering NFT project CryptoPunks ranks second by volume with $4.28 million, it ranks poorly by traders and number of transactions — with 85 users executing 69 trades today. Similarly, the recently exhumed Mooncats collectibles DApp ranks third by daily volume with $1.02 million but ranks seventh by users with 500, and eighth by total trade count with 530. Read more...
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Gas tokens gain 300% as the quest for Ethereum network alternatives expands
Gas tokens quietly move higher as the cost of transacting on the Ethereum network highlights the benefits of dual-token models with stable fees. Network congestion and high transaction costs on the Ethereum (ETH) network have been a persistent issue for investors and developers for the past year and this has shone a spotlight on blockchain projects that offer a solution to these issues. One class of tokens that has received a boost in both trading volume and price over the past two months are gas tokens that help power transactions on their respective blockchain networks. Data from Cointelegraph Markets and TradingView shows that Gas (GAS), Ontology Gas (ONG) and VeThor Token (VTHO) have all seen their prices increase more than 300% since the beginning of February thanks to increased attention on dual-token models.
VTHO/USDT VeThor Token is one of the two tokens that were launched on the VeChain Thor public blockchain following the project’s rebrand in 2018. VeChain (VET) is the native token of the platform and performs as the primary value-transfer token while VTHO is a VIP-180 standard token, meaning it represents the cost of transacting on the VeChain Thor blockchain. Read more...
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Ripple Asks Court to Force SEC to Produce Documents Regarding Bitcoin and Ethereum
The lawyers who represent Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen are asking Federal Judge Analisa Torres to compel the U.S. Securities and Exchange Commission to produce documents relevant to its lawsuit against the blockchain company. In a motion filed on March 15, they claim that the SEC has failed to produce any documents apart from the ones that were selected by the regulator. Ripple wants the regulator to produce documents regarding Bitcoin and Ethereum, the two largest cryptocurrencies that have been defined as non-securities. Notably, it asserts that “the economic substance” of XRP transactions doesn’t differ from that of the aforementioned cryptocurrencies even though the token often faces criticism for its centralization. The SEC claimed that documents related to Bitcoin and Ether were irrelevant to the case
Ripple says the SEC is withholding evidence The blockchain company accuses the SEC of “withholding potentially exculpatory evidence,” claiming that it’s “clear” that exchanges were told that XRP wasn’t a security. Read more...
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Bullish uptrend intact as Bitcoin futures open interest hits $22.5B
Bitcoin may be en route to retest underlying support levels but the record $22.5 billion open interest on BTC futures shows bulls expect the uptrend to continue. Bitcoin (BTC) price has rallied 22.5% in March, but as the price moved up, some buyers began to use excessive leverage, according to derivatives data. Meanwhile, futures open interest reached a $22.5 billion record-high, causing investors to question how sustainable the current rally is. Being optimistic, especially during a bullish market, can’t be deemed worrisome. Still, a yellow flag is raised when buyers use excessive leverage because this could lead to large liquidations during a sell-off. After peaking at $58,300 on Feb. 21, Bitcoin faced a 26% correction over the following week. That move wiped out over $4.5 billion worth of futures contracts, therefore virtually eliminating any excessive buyers’ leverage, which was confirmed by the annualized premium on the 1-month futures contract dropping to 17%. On March 13 the open interest on BTC futures reached a record $22.5 billion, representing a 39% monthly increase. To assess whether the market is overly-optimistic, there are a couple of derivatives metrics to review. One is the futures premium (also known as basis), and it measures the price gap between futures contract prices and the regular spot market. Read more...
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Three NFT Coins Could Soar 100X This Year, According to Crypto Trader Ben Armstrong
Crypto influencer Ben Armstrong is naming three NFT (non-fungible token) assets that he believes have the potential to print 100x gains this year. In an interview with Carl Martin, Armstrong says his mentality for investing in NFT coins is to focus on the big names. The first big-name NFT project on Armstrong’s radar is decentralized video game and entertainment platform WorldWide Asset eXchange or WAX (WAXP). “I always think go with the big names. That’s what we’ve seen. You can make your smaller speculative plays with projects that are down in the $400-$500 [million market cap] range, but when you look at something like WAX, I don’t even think it’s in the top 100 right now. This is a project that everything they launch is successful. Every single game that WAX itself – not the blockchain – but the company WAX that’s behind the blockchain, everything they launch does phenomenally. So I think there’s still a lot of opportunity with WAX. I’d say that’s probably my number one for me in that area.” The trader also says to keep an eye on his number two pick, Ethereum-based virtual real estate world Sandbox (SAND). Read more...
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BitMEX Co-Founder Surrenders in New York
Ben Delo, wanted for conspiring to violate the Bank Secrecy Act, flew from the UK to the US to be arraigned. A co-founder of cryptocurrency derivatives exchange BitMEX has surrendered to US authorities. Ben Delo, a British citizen, was wanted on charges of flouting US anti-money laundering laws. As part of a surrender agreement reportedly negotiated with federal prosecutors in coordination with the Federal Bureau of Investigation and US Customs and Border Patrol, Delo flew from the UK to New York City, where he was arraigned remotely today. At the arraignment hearing, Delo pled not guilty to failing to implement an anti-money laundering (AML) program at BitMEX as well as conspiracy to violate the Bank Secrecy Act. He posted $20 million in bond and is allowed to return to the UK to await trial, according to Bloomberg. Delo is the second BitMEX executive to be arraigned on such charges. CTO Samuel Reed was arrested in October and subsequently released on bail. Two indicted executives remain at large. BitMEX CEO Arthur Hayes has been negotiating his surrender from Singapore, where he has been residing since the October indictment. In a February hearing, Assistant US Attorney Jessica Greenwood told the US District Court of the Southern District of New York that she expected Hayes to surrender in Hawaii on April 6. Read more...
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South Korean crypto exchange volumes surpass those of its entire stock market
The country is one of the biggest markets for crypto in the world and is known for its ‘Kimchi Premium.’ The month it went ballistic South Korean crypto exchanges are now processing more volumes each day compared to traditional stock exchanges, a report on local publication Hankyung said Monday. The country is one of the most speculative crypto markets in the world that attracts a young, risktolerant crowd. Read more...
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TOP REASONS FOR CHOOSING QOINIQ FOR DIGITAL CURRENCY TRADING
Cryptocurrency investing has become a norm today. With thousands of cryptocurrencies and over 500 crypto exchanges available in the online marketplace, more and more people are looking to maximize their gains through digital currency trading. This is where companies like QoinIQ is providing an easy-to-use crypto trading platform called QoinSuit to traders globally. In this article, find the top reasons for choosing QoinIQ’s QoinSuit platform for digital currency trading.
EVERYTHING ABOUT QOINIQ’S PLATFORM Based in Meilen, in the outskirts of Zurich, QoinIQ is incorporated under Swiss law and its founders have decades of expertise in financial technology and finance. The team at QoinIQ understands the varied requirements of the finance industry and the fact that the world is currently moving towards an environment where high-end financial services can be accessed by everyone instead of just a few. QoinIQ realizes that cryptocurrency or digital currency is the ideal way to fulfill this objective. It has further prompted the company to create a set of tools for users so that crypto becomes mainstream in the future.
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TOP REASONS FOR CHOOSING THE QOINIQ’S CRYPTO PLATFORMQOINSUIT QoinIQ, has created a user-friendly crypto trading platform called QoinSuit. The platform can be easily interfaced with multiple exchanges and is also highly reliable, fast, as well as easy to customize. This allows it to meet the needs of the users. In essence, QoinSuit is decentralized order management as well as a multi-book trading platform. It provides a market overview simultaneously with QoinIQ’s multi-window as well as multi-screen displays. Additionally, order management is decentralized and resides within QoinSuit’s secure servers. As a result, orders get forwarded to crypto exchanges directly through them. The platform also features a horizontal book, real-time pricing comparison along with market-scan, and extended conditional orders, among other exciting elements that make QoinSuit perfect for digital currency trading. The QoinSuit platform provides a range of services for different financial actors. It does this by bringing the leading cryptocurrency exchanges of the world together, as well as by ensuring that they are easily accessible through one globally available trading tool. This approach offers maximum execution efficiency. With the QoinSuit trading platform, a customized multi-exchange platform/trading interface designed to help traders place their orders and manage their portfolios, traders can achieve more. It allows traders to enhance their trading efficiency and track results with minimal effort. Traders simply need to connect their exchange account with the QoinSuit trading platform, following which all the transactions, balances, as well as orders, can be automatically synchronized. The platform offers a plethora of tools to both professional and beginner traders. With the QoinSuit platform, QoinIQ aims to set up a highly intuitive and fully optimized interface that consists of all the necessary tools needed for day-to-day trading. The platform also intends to provide digital currency trading enthusiasts with the most comprehensive trading data.
HOW QOINSUIT WORKS? In essence, QoinSuit functions as a multi-exchange trading platform which is quite different from what one has seen within the cryptocurrency investing landscape. The platform aims to simplify crypto trading and make it more efficient and thus more profitable. Designed to feature a unique graphic layout, QoinSuit allows traders to not limit themselves to a single operation on just one financial instrument at any given point in time. It enables traders to operate, monitor, and manage different cryptocurrency pairs simultaneously. As a result, traders can correlate multiple digital currencies with one another or even exploit arbitrage opportunities between different financial instruments, given the ability to open different negotiation and creating custom montages which traders can quickly call up.
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THE BENEFITS OF QOINIQ AND QOINSUIT QoinIQ has developed the platform to simplify and speed up the trading processes for customers. Through different tools such as a trading book, the trader can view all the necessary data for operating and managing their positions. It is also possible for traders to open different books on multiple cryptos or derivatives simultaneously, and on more than one exchange, launching several orders in just one click. QoinSuit provides a watchlist that allows traders to choose and customize different parameters of cryptocurrencies or derivatives that they are thinking of operating or simply checking their progress, comparing price levels among the other connected crypto exchanges.
WHAT MAKES QOINIQ THE BEST OPTION FOR DIGITAL CURRENCY TRADERS? If one pays attention to the current market trends, they would notice that today people have become more aware of the latest, innovative, and advanced investment concepts, such as digital currency trading. With cryptos being incentivized in the decentralized world, they have managed to record tremendous growth, as well as acceptance. Today, cryptocurrencies are easily scalable, and cryptocurrency exchanges register hundreds and thousands of trades every second. As a result, traders are searching for alternative assets, and crypto investors are looking for more structured and derivative products, leverage, etc. While there is stiff competition in the shape of cryptocurrency exchanges, wallets, as well as online trading networks/platforms providing similar products, QoinIQ differentiates itself by introducing different functionalities that the market hasn’t witnessed yet. Features like extended conditional orders, latest graphic layouts, sophisticated trading books, and more have been incorporated within the platform. QoinIQ targets both institutional clients and individual users. For its institutional clients, the company plans to target crypto exchanges, online trading portals, family offices, banks, asset managers, market data providers, and file hosting or server providers, as well as universities. On the other hand, for targeting the individual users, the QoinIQ intends to use web communities, word of mouth, dedicated marketing such as mass media, etc.
MULTI-EXCHANGE Today, many traders trade on more than one exchange simply because not all cryptocurrencies are available on one exchange or because not all of them offer low commissions. Also, crypto exchanges today lack advanced systems for trading. However, with QoinSuit, things are much different. The platform allows traders to manage different exchanges from a single platform. Apart from this, other multi-exchange platforms fail to offer opportunities for short sales, even though their preferred exchange provides it. As a result, traders are unable to manage margin or portfolios. However, QoinSuit has paid heed to this aspect and incorporated the same in the design & development of its multi-exchange trading platform. Cryptonaire Weekly | March 16th 2021
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HOW QOINIQ UTILITY TOKEN WILL HELP? As far as the QoinIQ utility token is concerned, it shall be available for the users to access the QoinSuit platform in addition to its services. Users can pre-purchase them via the TGE or Token Generating Event. During the event, as many as 100 million tokens with CHF 0.25 nominal value shall be minted. After the event, the QoinIQ tokens will get listed on one or many more exchanges. These tokens can be used for accessing, as well as using the services of QoinSuit. Thus, 60 percent of the tokens will be sold through the TGE, and 40 percent shall remain with the company for developing the QoinSuit further.
USER BENEFITS The QoinIQ tokens can be used to access the below-mentioned services 1. For accessing different levels of the QoinIQ platform. Every level will provide access to the chosen exchanges, which will further vary by the level of membership a user selects. 2. Accessing QoinSuit’s training version and participating in training sessions personalized for users. Users will find multiple subscription levels to match their needs, with periods and layered services. Each and every subscription level shall be selected, accessed and acquired via the platform using the tokens. 3. Additionally, users can access multiple packages with different rebates, based on the chosen subscripon levels as well as periods. Users who opt for longer subscription periods will get rewarded with attractive discounts.
To Sum Up QoinIQ has conducted extensive research & analysis of the existing cryptocurrency market only to find that the existing tools available for digital currency trading offer basic functions only. The company also found that these tools suffer from many limitations. It has helped the digital currency trading platform identify areas that needed improvement, and that is how QoinSuit has come into existence. Today, QoinIQ offers the highly sophisticated QoinSuit platform that provides a newly designed layout and a host of other cryptocurrency investing features. While the layout allows crypto traders to trade different cryptocurrencies simultaneously. Additionally, features like multi-book enable traders to choose what data can be displayed and the trading vehicles that need negotiation. Given that many cryptocurrency investing exchanges have launched crypto futures, as well as options trading, QoinSuit makes it convenient for them to view all the relevant data & information on just one screen.
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Another striking feature offered by QoinSuit is the extended conditional orders. QoinIQ realized that in financial markets that are highly volatile and lack regulation, large movements in prices take place too often. The company also realizes that in the absence of strong money management, traders are bound to end up in losses. However, with QoinSuit, this problem can be tackled to a large extent. QoinSuit makes it possible to easily manage all the orders, like take profit, stop loss, and trailing stop, directly via the book using different parameters, in comparison to what is available in the market today. For instance, after defining the parametes and with one click, cryptocurrency investing traders can place as many as three orders at once. The platform also makes it easier for traders to manage conditional orders through the creation of crypto trading strategies, thus safeguarding their position and maximizing profits. Those are some of the many reasons why QoinSuit is best for digital currency trading. If you are searching for a versatile, efficient, and innovative cryptocurrency investing platform that functions as a decentralized multi-exchange and order management portal, then QoinSuit is the right way forward! It is a highly efficient and powerful platform that allows traders to manage their books and execute orders in a wide range of digital currencies on different exchanges. QoinIQ offers the unmatched QoinSuit platform that offers quick execution, ensuring enhanced trading performance and experience. With features such as decentralized order management, simultaneous market overview, multi-book trading, trading on margin, real-time price comparison, and more, QoinSuit responds to the requirements of a fast-developing and technologically advanced market perfectly well.
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INTRODUCING AUBIT FREEWAY — THE WORLD’S NEXT GREAT ASSET MANAGEMENT PLATFORM
With more than 100,000 people on the pre-launch waiting list and independently-verified simulations showing as much as 75% additional annual returns, AuBit Freeway could be the next big thing in finance. Most investors today seem to lean towards one of two camps: crypto investing or traditional investing. Crypto investors have seen or made wild gains and know they’re real, whereas traditional investors feel far more comfortable with their 8% benchmark returns per year. One company, however, is using blockchain technology to combine the best of both worlds and maximise investor returns with no additional risk by reducing and redistributing revenues for the benefit of all investors.
Introducing AuBit Freeway: The world’s first investment platform that gives you more of the assets you buy through revenue redistributions “The network effect has revolutionised just about every industry. However, no one has yet used the right tech to leverage its potential in the world of finance, until AuBit.” — Joel Krueger, Global CIO at Aon Insurance, former $75bn APAC manager at Prudential, and AuBit’s Chief Investment Advisor. Cryptonaire Weekly | March 16th 2021
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In building the Freeway platform, AuBit has put together a crack management team of leading financial experts from the world’s top financial companies like Goldman Sachs, Fidelity, HSBC, Credit Suisse, Morgan Stanley, IBM, and Google to combine the benefits of both crypto and traditional investing. In traditional asset management, only the value of your assets vary — the price of your crypto assets, stocks, bonds, or gold may rise or fall. The volume of assets in your account, however, remains unchanged. With the Freeway platform, AuBit turns the traditional model on its head by giving you more of the assets you own through ongoing trading revenue redistributions. Specifically, AuBit takes 80% of all fees and product-related revenues and returns them to users in the form of the underlying assets in which they’re invested. For example, if you buy bitcoin on the Freeway platform, the bitcoin in your account grows every time anyone, anywhere in the world buys bitcoin with Freeway. You can begin with 0.01% of a bitcoin and, without ever adding a penny, hypothetically, earn 0.02, or 0.03 bitcoin over time. So no matter what happens to the price of bitcoin, you minimise your risk and maximise your rewards by holding more of it. Unlike any other investment platform in the world, with AuBit, you get both value growth AND volume growth.
Independently-verified, simulated returns project 75% additional returns on active products It will come as no surprise to you that blockchain enables lower costs by removing intermediaries. What will be surprising, however, is just how astonishing the potential additional returns are from fee redistributions. In fact, simulations independently verified by London investment bank 01 Capital show that AuBit users could get as much as 75% additional gains per year above the market benchmark on active products. That means that, if an active product delivers 10% returns per year on a traditional platform, with the AuBit Freeway platform it could return 17.5%. Compounded, that leads to seriously better returns — without increasing your risk profile. On passive products, where trading is less frequent, additional returns still far outpace the benchmark. And it is this that bridges the world of traditional and digital finance. On the Freeway platform, users will have the choice to supercharge both crypto assets and traditional assets — all on blockchain. Seeing the returns live, traditional users may, for the first time, be tempted to leverage a part of their portfolio into crypto assets for greater rewards without the additional risk. Of course, prior to launch, these remain simulations. However, by May 2021, AuBit expects to have onboarded the first 10,000 users and to have proven their model of network-enhanced returns through fee and revenue redistributions.
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The Freeway token has real utility in fueling network growth and maximises investor returns Here’s where things get really exciting, and the bridge between crypto and traditional finance meets in a way you’ll never have seen before. The Freeway token (FWT) is the native utility token for the AuBit Freeway platform, and you can think of it as your catalyst to even more additional rewards.
THE FREEWAY TOKENS FUEL AUBIT NETWORK GROWTH IN THREE DIFFERENT WAYS: 1) Holding FWT gives Freeway users preferential AuBit Redistributions You’ve seen what makes the freeway platform different and better: better returns with no additional risk through redistributions. Well, if you own and hold FWT inside your Freeway account, you supercharge your share of redistributions, meaning you get even more of the assets you own from every trade anyone makes anywhere in the world.
2) FWT is required to access preferential gains from the AuBit Virtual Hedge Fund Soon, you’ll discover how AuBit makes the platform available in more than 180 countries from day one — which is great news for an investment platform that grows your assets on every trade. The more people that join the platform, the greater the redistributions and the greater your asset growth. But access to everyday products isn’t the only thing AuBit has up their sleeve. AuBit has already made, prior to launch, access available to quant funds that regularly deliver investors 50%+ returns. Usually, you’d need connections and 7-figures in liquid assets to access such a fund. But with AuBit, any eligible user can access the fund from just $1. Cryptonaire Weekly | March 16th 2021
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However, you must match the value of your AuBit Hedge Fund products with at least 25% of the value in FWT, adding to the Freeway token’s utility value on the platform as an inevitable rush for access occurs upon launch.
3) FWT offers Freeway users discounted trading fees On most Freeway products, you pay a single, small one-off fee to buy. There are no annual or ongoing fees on the vast majority of products. What’s more, you can reduce their fees further by as much as 50% by choosing to pay in FWT rather than a fiat currency like dollars, pounds or euros. FWT’s potential utility is so high, in fact, that the publicly listed candian merchant bank, Greenbank purchased 400m Freeway tokens in a multimillion dollar cash plus equity deal just weeks following the Freeway token’s public launch in late 2020. In a press release widely published on the websites of Nasdaq, Bloomberg, and Yahoo finance, David Lonsdale, CEO of GreenBank, said that “Here at Greenbank, one of our declared objectives (and the objectives of the investment companies in our portfolio) is to invest in and work with companies that can scale globally and have a valuation potential of at least $1b. We believe AuBit fits those criteria very well indeed“. Given AuBit’s progress to date, Lonsdale’s comments may turn out to be quite an understatement.
$3m in referral rewards and more than 100,000 verified Freeway waitlist users prior to launch Purposely under the radar prior to launch, AuBit has relied on an organic approach to marketing to date and regularly communicates with an unusually loyal community in Telegram and by email. A quick look at the team behind a big idea like AuBit, however, and it’s little surprise that, despite the refreshing lack of hype, they already have more than 100,000 waitlist users signed up as a result of their $3m Freeway Forever Rewards Referral Program. With the beta launch just around the corner, scheduled for April 2021, all eyes are on AuBit and the Freeway Token as the platform prepares to launch in more than 180 countries and serious marketing begins in earnest. For more information about AuBit and to join the Freeway platform waitlist, visit aubit.io. For any questions of the AuBit team join the AuBit Telegram group.
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CRYPTOCURRENCY MILLIONAIRES IN 2021
The Cryptocurrency market is highly volatile, and estimating the actual amount owned by cryptocurrency investors can get quite tricky. However, there are a few crypto owners who have earned a fortune through cryptocurrency investing.
Here, we present the list of cryptocurrency millionaires for 2021.
1. Satoshi Nakamoto Satoshi Nakamoto Known to have created and founded Bitcoin, 45-year-old Satoshi Nakamoto has a net worth estimated at $34,937,100,000. Some of the latest market estimates reveal that Satoshi has one million Bitcoin which when translated into today’s money, is around $34.9 billion. This certainly makes Nakamoto one of the richest cryptocurrency owners on the planet.
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2. Micree Zhan The Chinese businessman and electronics engineer, also known as Zhan Ketuan, has a net worth of around $3,200,000,000. As one of the co-founders of Bitmain- the largest computer chip organization for crypto mining in the world, Micree Zhan is also one of the crypto billionaires of the world. Although Zhan in 2019 Zhan was ousted from the company, he managed to buy shares from several stakeholders and claimed his position of CEO back again.
3. Chris Larsen A citizen of the United States, 60-year-old Chris Larsen has a net worth estimated at $2,700,000,000. He co-founded many Silicon Valley start-up companies, the most notable one being Ripple that supports international payments with the help of blockchain technology. Today, Ripple is accessed and used by leading banks in the world, including Santander and American Express. Larsen has a history of supporting technology winners, such as the first P2P lender within the United States.
4. Changpeng Zhao Forty-three-year-old Changpeng Zhao hails from China and has a net worth estimated at $2,600,000,000. Also known as CZ, Changpeng is the CEO and founder of Binance with a twenty-five percent market share. Binance is also the world’s largest cryptocurrency exchange, with 500 million dollars in trading volume (daily) in 2019. The exchange has over 6 million users and has also launched its token called the BNB, supported by the ETH blockchain.
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5. Jihan Wu Jihan Wu is another crypto millionaire who also comes from China. Together with Micree Zhan, Wu co-founded Bitmain. However, later the pair hit a rocky patch. In January, he left Bitmain and ended the struggle for power between himself and the other cofounder-Micree Zhan. He is also one of the leading supporters of BTC Cash, created after the hard fork in 2017. He also topped the Forbes list of 2020 World’s Billionaires as one of the five youngest Asian billionaires. With a net worth estimated at $1,800,000,000, thirty-four-year-old Wu has created quite a mark for himself in the crypto world.
6. Cameron & Tyler Winklevoss Residing in the United States, Cameron & Tyler Winklevoss are twins who are widely known for their accusations against Mark Zuckerberg for stealing their concept for Facebook. They used almost $65million of the dispute settlement amount to purchase Bitcoin in 2012, and today they own close to 700,000 Bitcoin. Together the two have a net worth estimated at $1,400,000,000. A couple of years ago, the brothers claimed that they own close to 1% of the world’s bitcoins, which puts their crypto wealth at over $1 billion today. In 2015, the due established a crypto exchange called Gemini. They currently have holdings in numerous other currencies, including Ether.
7. Mingxing Xu Mingxing Xu is another crypto billionaire who set up OKCoin.coma globally recognized Bitcoin trading portal. Xu, who is of Chinese origin, was arrested for matters related to his organization in October 2020. But, he was released in November. Xu’s net worth is estimated to be around $1,400,000,000.
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8. Matthew Roszak The United States-based Matthew Roszak is also the co-founder as well as chairman of Bloq-a blockchain tech-based company. The forty-eight-year-old crypto millionaire has a net worth estimated at $1,200,000,000. Roszak is also a popular advocate and entrepreneur who is also the founding partner of Tally Capital, an investment company that focuses on cryptos and blockchainbased technologies. Roszak has been collating cryptocurrencies since 2012 and was also one of the producers of the crypto industry’s first documentary -The Rise and Rise of Bitcoin.
9. Li Lin Li Lin of China, with an estimated net worth of $1,100,000,000, happens to be the founder of Huobi, one of the premier digital currency investing & trading platforms. During his career, Lin quit his high-paid job and embarked on his business venture. Having graduated from the Tsinghua University, Li Lin began working for Oracle. He later found a social network called the Friendship Network. Due to funding problems, the organization had to shut its doors. Later, his other venture Renrenzhe also ended up a big failure. But after the fluctuation in Bitcoin prices in 2013, Lin resolved to set up his third and successful venture called the Huobi Exchange.
10. Tim Draper Based in the United States, 62-year-old Tim Draper has a net worth estimated at around $1,100,000,000. An American venture capital investor, as well as the founder of the Draper Fisher Jurvetson, Draper University, Draper Associates, Draper Goren Holm, and Draper Venture Network. One of the advocates of Bitcoin, Tim bought $250,000 worth of Bitcoin at the time when the crypto was valued at $6.
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