Chainlink Trading forecasts and signals

The decentralized finance ecosystem (DeFi) has become one of the most promising and growing segments in the crypto space, reaching a total value of almost $ 100 billion in early May, according to The Block. And this is despite the general decline in the value of cryptocurrencies.Many tokens have risen sharply in price, as DeFi supporters continue to view these networks and platforms as pioneers of a changing paradigm that will revolutionize the financial industry.Given the growth of this sector and the recent drop in the value of cryptocurrencies, opportunities for investors seem very likely. To help you find promising tokens and projects, let's look at the new DeFi coins that are worth paying attention to in 2021.But first, let's talk about some aspects that make DeFi such a promising part of the crypto space.What is DeFi, and also why you should think about investing in DeFi coinsDeFi is short for decentralized finance. The DeFi ecosystem parallels the traditional financial industry and uses decentralized networks and smart contracts to exclude intermediaries from processes such as lending, borrowing, asset exchange and investing.Some DeFi protocols, such as Uniswap (UNI), Chainlink (LINK) and Maker (MKR), have become one of the largest tokens in the crypto space by market capitalization.Supporters of DeFi believe that these protocols will eventually act as a real replacement for financial institutions, brokerage firms and banks. Users will be able to make transactions with each other without having to pay an intermediary.However, although the ecosystem is promising because of its real-world application, it is still in its infancy. Investors have the opportunity to try to determine the next successful DeFi coin by analyzing several new projects.Kyber Network (KNC)The Kyber network is promoted as the "liquidity level" of DeFi. The protocol offers a reward to liquidity providers in the form of spreads received when exchanging various tokens through Kyber.Since DeFi is a new ecosystem, low liquidity often leads to a high level of price volatility, which opens up the possibility of manipulation by large players.Read more: Volatility: types, how to track and how to useTo eliminate this feature, the Kyber Network acts as an intermediary combining liquidity on the seller's side with liquidity on the buyer's side to increase the flow of liquidity.Kyber Network is an in-network liquidity protocol that combines liquidity from different sources to ensure fast and secure transactions in any decentralized application (DApp).Cryptocurrency: Cyber Network Crystal LegacyToken: KNCMarket capitalization: 123 million USDMaximum offer: 226 millionOutstanding: 205 millionHistorical maximum: 6 USD (January 9, 2021)Historical minimum: 0.11 USD (February 6, 2019)Since its creation in July 2020, the KNC token has grown by 155%, currently trading at 1.36 USD per coin. Interestingly, the total amount of KNC will be gradually burned, which should lead to higher prices over time if the demand for the token remains constant or high. The maximum total volume of the KNC offer is set at 226 million tokens. Progressive burning will occur every time a transaction is made through the Kyber network.According to Wallet Investor, the KNC token can reach 3.87 USD.Serum (SRM)Serum is a decentralized exchange built on Solana (SOL), a protocol similar to ethereum (ETH) that supports smart contracts. It was developed by FTX, a well-known exchange that offers access to derivatives, including options, volatile products and futures contracts for cryptocurrencies.Read more: What are futures: types, features, advantages and risksThe decentralized exchange operates on smart contracts and algorithms. They have become an inexpensive alternative to centralized analogues. In particular, Serum offers a fast execution time and low transaction fees of $ 0.00001 per transaction – a valuable offer that makes it one of the most promising DeFi coins in the future, especially because of the attractiveness of the platform for high-frequency traders and market makers.All commissions paid by traders in the Serum network are used by the system to buy and burn (B&B) SRM tokens. Burning gradually reduces the number of tokens. In a scenario where demand remains unchanged or gradually increases, a lower supply should eventually lead to a higher price for the token.Cryptocurrency: SerumToken: SRMMarket capitalization: 462 million USDMaximum offer: 10 billionIn circulation: 50 millionHistorical maximum: 12.89 USD (May 3, 2021)Historical minimum: 0.11 USD (August 11, 2020)The SRM token was introduced back in August 2020. During the first trading session, the SRM rose from 0.110 USD to 1.550 USD. At some point in early May, it soared to 13 USD per coin, and since June 9, 2021, it has been established at the level of 4.2 USD per coin. This is part of the fall of the latest negative momentum observed by cryptocurrencies in general.According to the forecasts of Wallet Investor, the price may rise to 14.64 USD per coin over the next 12 months.Dodo (DODO)The goal of Dodo is to change the way market makers and exchanges work by implementing an innovative protocol known as Proactive Market Marker (PMM). Most exchanges, including the popular Uniswap (UNI), use the Automated Market Maker (AMM) protocol, which uses liquidity pools to make transactions.According to this protocol, the market maker sets prices following a certain algorithm, and transactions can be executed immediately due to the liquidity provided by these pools. But this approach has its drawbacks, including a high level of slippage and short-term losses.Read more: What is Slippage in trading?Dodo aims to minimize these disadvantages by implementing its own PMM protocol, which uses oracle-driven algorithms to optimize transactions, reserves and other important market-making variables, enabling professional market makers and retail investors to implement their strategies without the limitations that other protocols often have.Cryptocurrency: DODOToken: DODOMarket capitalization: 122 million USDMaximum offer: 1 billionIn circulation: 110 millionHistorical maximum: 8.51 USD (February 20, 2021)Historical minimum: 0.06 USD (October 19, 2020)The DODO token was launched on April 1, 2021, that is, it is one of the last DeFi coins released this year. Since then, its value has decreased by 66.5%, as the development team said that hackers were able to steal a total of $ 3.8 million from some of the project's crowdpools.Read more: Who are Market Makers and what are they doing on the market?A total of $1.89 million was returned by one of the hackers, who turned out to be a white hat – a person who penetrates the network to discover its flaws and help developers improve the code and prevent further attacks.The remaining funds were not returned, and this undermined the credibility of the project. However, the DODO offer is still quite interesting, and with its current market capitalization of 155 million USD, the growth potential remains large as long as the development team can prevent further unauthorized intrusion into the network.According to Wallet Investor, in a year, the DODO token should reach a value of $8.15, based on an analysis of the latest price and trend actions.ConclusionDo you believe that these 3 new DeFi tokens expect rapid growth?Their projects look promising. Features such as buying and burning support bullish arguments in their favor due to the gradual reduction in the total supply of their tokens.Improvements in the technology and coding that support these protocols should lead to a higher level of trust in the sector and higher prices for the most successful projects and ...

Bitcoin as the first widely known cryptocurrency immediately took the place of a leader in the industry. A number of applied technological solutions in it, such as the use of blockchain technology, a distributed structure and anonymity, have become the main principles for other coins, which have been called alternative cryptocurrencies or altcoins.How to make money on altcoins, a list of the most promising coins of 2021 and other important information is further in our article.What are altcoins?Altcoins are alternative cryptocurrencies that, in addition to transferring value, offer users certain solutions that Bitcoin does not have.Despite the genius of bitcoin, created by Satoshi Nakamoto, the main cryptocurrency has a number of vulnerabilities. Altcoins, being inferior to Bitcoin in the scale of application and the balance of the internal structure, offer improved blockchain technologies and capabilities, unlike bitcoin, whose main function is the transfer of value.For example, such altcoins as Monero and Zcash offer anonymous transactions, and such an altcoin as Dash is easy to handle, has a high speed of asset transfer, and you can send it even without an Internet connection - just via SMS. The Tether stablecoin (USDT), is a US dollar in digital form.Types of altcoinsAltcoins, depending on their characteristics, can be divided into three groups.Unique altcoinsThese are altcoins that have exclusive technologies that are different from bitcoin. Examples include the Ethereum altcoin (ETH) with the function of smart contracts, or IOTA with its directed acyclic graph (DAG) technology, which is not a blockchain, or Dash (DASH) with its ability to transfer via SMS.StablecoinsSo-called stable coins, stablecoins designed to hedge financial risks, "digital havens", digital assets protected from volatility, which even the main cryptocurrency Bitcoin is subject to.These include such altcoins as Tether (USDT), TrueUSD( TUSD), Binance USD (BUSD), Dai( DAI), Gemini Dollar (GUSD).Read more: What are Stablecoins and how do they differ from other cryptocurrenciesAnonymous altcoinsConfidential cryptocurrencies aimed at users who want to hide their digital assets from prying eyes, whether it is the government or criminals.In addition to hiding wallet addresses and personal data of users, they also encrypt the movement of cryptocurrencies, transactions on the network, without disclosing information about the movement of funds from address to address.Most of the world's governments and financial regulators are extremely negative against this type of altcoins, calling them a tool for money laundering and terrorist financing.Earnings on altcoinsAltcoins, thanks to the constant fierce competition between projects and the rapid growth of the entire industry, offer enough ways to earn money for both experienced users and beginners. These methods can be briefly divided into earnings with investments and earnings on altcoins without investments.We can immediately say that the most realistic and effective way to improve your financial situation is precisely the ways of earning altcoins with investments.This both encourages the user to take a more responsible approach to the process of earning altcoins, and will help to avoid a long period of "swinging", during which the user will have to operate with amounts that at best barely exceed several tens of US dollars.We recommend reading: 11 ways how to make money on cryptocurrency with or without investmentsAltcoin earnings without investmentsLet's look at how you can earn altcoins without investing:AirdropAs you can understand from the name, alcoins "fall on you from the sky", that is, tokens are obtained for free. Many novice crypto projects want to introduce users to the capabilities of their cryptocurrency and send it to users who have completed simple tasks.Large amounts of altcoins should not be expected, but you will get the skills to work with cryptocurrency.Cryptocurrency faucetsYou perform a number of simple tasks on specialized Internet resources, such as viewing ads or selecting images for a very small amount of remuneration (on average up to $0.50 per 1 hour) and get altcoins.There is also no need to expect large sums, no matter how much time you spend on this type of activity.Subscription campaigns on BitcointalkThe most important forum dedicated to the topic of cryptocurrencies offers its users participation in subscription campaigns of various crypto projects in exchange for a reward in the form of tokens of this team.There are several pitfalls in this method, such as the status of the profile on the forum (the more prestigious it is, the higher your reward, respectively), the promotion of accounts on other platforms, access or ownership of a thematic Internet site. The better the situation in these matters — the better the bonuses and more altcoins.Read more: What is an airdrop of cryptocurrencies - is the game worth the candleAlso, the possible amount of remuneration in altcoins depends on the number of participants in the subscription campaign and the honesty of the team (there were precedents with non-payment and fraud).Affiliate programsBlockchain projects are interested in maximizing their influence and provide both site owners and well-promoted and popular social media accounts with the opportunity to earn money by providing a special referral link.For each user who clicked on such a link and performed the necessary action, the resource owner is given a bonus, usually in the form of payment with project tokens.Perhaps this is the most realistic and profitable way to earn altcoins without investment.Content on cryptocurrency topicsThe number of thematic cryptocurrency information resources is growing, and they constantly need high-quality specialized content. If you have the necessary knowledge and are able to coherently express your thoughts in printed form — this is a real way to earn good amounts both in altcoins or bitcoin, and in the usual fiat money.Ways to earn altcoins with attachmentsTradingIn fact, the same game on the stock exchange as in the case of stocks, futures or currencies. You will need the amount in altcoins, composure, the ability to "read the market", financial discipline and a lot of luck.Altcoins are very volatile digital assets, their price is constantly rising and falling, so if you have strong nerves and an excellent understanding of the situation on the cryptocurrency market, then you have every chance to multiply funds by correctly operating trading orders on cryptocurrency exchanges.Be especially careful with trading based on margin trading, since the wrong choice of "leverage", a bet, a traded asset or a crypto exchange can cost you all your savings, and literally in one second.Read more: How to invest in stocks and what you need to knowInvestingHere you will need savings, a deep understanding of the market and patience. Bitcoin is a direct demonstration of the high profitability of such activities with an increase from a few cents to tens of thousands of dollars for 1 BTC.Altcoins are not inferior to bitcoin in any way, and some of them have already shown impressive growth. But their stability is much lower than that of bitcoin, and in a bear market or during a crisis, they can devalue dozens of times!On the other hand, the price of altcoins at the moment is significantly lower than their previously reached maximum value and possible potential, and now, with a higher probability, is a very good time to enter them.The main condition for the success of investments in altcoins is the principle of distributing your funds among several promising projects (not investing all your funds in one promising project) and a very deep study of all available information regarding their technology, team, reputation of the founders and development prospects.Read more: Bulls and bears, as well as other animals on the stock exchangeYou should definitely study the latest news on projects, understand the trends of their development, analyze the project profile on Reddit.MiningMining is the extraction of altcoins through the provision of computing power for internal calculations of the project and support of its transactions.It is necessary to purchase either specialized mining devices (ASIC miners), or high-performance components for PCs or farms, depending on the consensus algorithm on which the altcoin works.It is also necessary to take into account the financial and time costs for servicing both the mining devices themselves, and for organizing the appropriate infrastructure for cooling them and blocking the noise coming from them.The cost of equipment is high, and the probability of profit is not obvious, since the volatility of altcoins or the increase in electricity tariffs can negate all the efforts of the miner.In addition, the time of private solo miners has long passed and to make a profit you will have to launch a very large number of ASICs, mining farms or join a pool for mining.Ways to earn money with investments, despite the real possibility of losing investments, offer the most effective methods of increasing cryptocurrency assets with competent financial management and endurance.Understanding the volatility of the cryptocurrency market and knowledge of the principles of blockchain technology, as well as a thoughtful analysis of the situation with the development of projects and the state of affairs in their teams will give you all the necessary tools for effective earnings on altcoins.Read more: Volatility: types, how to track and how to useAltcoins: list of top coinsList of altcoins from the TOP 20:Ethereum is the TOP 2 cryptocurrency by capitalization after bitcoin, the leading ecosystem for launching smart contracts and dApps;Binance Coin is a native cryptocurrency of the exchange of the same name;Cardano is the leading cryptocurrency for building blockchain 3.0, an ecosystem for launching smart contracts;XRP is a means of payment aimed at application in the banking sector;Dogecoin is a meme-cryptocurrency, the main purpose is a means of payment, supported by Elon Musk;Polkadot is a technology aimed at creating "bridges" between different blockchains;Uniswap is the most famous decentralized cryptocurrency exchange (DEX);Bitcoin Cash - payment method, a fork of bitcoin;Litecoin - payment method, a fork of bitcoin;Solana is a scalable blockchain with high throughput for running dApps;Chainlink is a network of oracles that allows you to upload any information to the blockchain;Wrapped Bitcoin - ERC-20 token secured by bitcoin;Polygon - a network for scaling the Ethereum blockchain;THETA is a streaming platform that works on the basis of blockchain technology;Ethereum Classic is a coin that appeared as a result of the Ethereum hard fork;Stellar is a fork of the XRP cryptocurrency.StablecoinsStablecoin is another altcoin (alternative cryptocurrency) created to solve the main problem of modern digital assets — high volatility and vulnerability to pumps and dumps on crypto exchanges.The cost of a stablecoin is usually tied either to one specific fiat currency or to their basket.Precious metals, such as gold or palladium, can also act as a stabilization fund that ensures the stability of the price of a stablecoin.Stable coins make it possible to save investors ' funds during high volatility in the cryptocurrency market or translate the results of activities into more understandable units of value, in the form of a digital version of the US dollar.The most popular stablecoins (according to the CoinMarketCap rating):Tether;USD Coin;Binance USD;Dai.Tether (USDT)The most popular stablecoin with the largest capitalization on the market. It was launched by the vice president of Starbucks in 2014. It is launched on several blockchains, including Tron, Ethereum, Solana and others.  USD Coin (USDC)An example of a pronounced stable cryptocurrency with its price pegged to the US dollar. This stablecoin is managed by two of the largest companies in the crypto industry — Coinbase and Circle and is an ERC-20 token, using the Ethereum blockchain as the basis.Binance USD (BUSD)A native stablecoin on the exchange of the same name, launched on the Binance Chain blockchain. It is one of the top coins in its segment, thanks to trading without commissions on Binance.TrueUSD (TUSD)Another stablecoin, also pegged to the value of the US dollar. The developer of this altcoin is the TrustToken company, which positions this coin as an alternative to the scandalous Tether token (USDT) with its extremely controversial situation with a failed audit.Gemini Dollar (GUSD)The brightest representative among the stablecoins, a token from the famous Winklevoss twins. This stablecoin is approved by the NYDFS itself, known for its extremely tough position on issues related to cryptocurrencies, which indicates the impeccable reputation of the project.JPM Coin (JPM)Altcoin from the giant of the financial world JP Morgan, the largest US bank. This cryptocurrency is in fact an internal token of a closed blockchain and is used exclusively within JP Morgan to work with large institutional clients of the company.Diem (formerly Libra)The sensational cryptocurrency project from Facebook. Altcoin was supposed to be provided with a whole basket of assets made of currencies and precious metals and provide access to an instant payment system, but at the moment it has met fierce resistance from financial regulators and governments around the world and is now winning back its right to exist.What will happen next with this altcoin is still unclear, it may be banned.DAIThe first decentralized stablecoin using the Ethereum blockchain. It is more open compared to other stablecoins and its issue does not cause any questions from market experts.Altcoins, like bitcoin, provide all the possibilities of blockchain technology, while the user can find and use altcoins for almost any task or orientation, without making compromises.Using stablecoins, you will avoid volatility, the main scourge of this industry, and using anonymous cryptocurrencies, you will be able to keep assets secret from unnecessary attention from third parties.In the case of investments with a high level of risk, altcoins will provide you with much more interesting opportunities, and in the case of earnings, competition between individual altcoins will play into the hands of both you and the entire cryptocurrency market.Read more:What are AltcoinsAltcoins for ...