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How to Measure the Bitcoin Fear and Greed Index

Do you ever think about why the cryptocurrency market is so volatile? Well, one of the main reasons behind it is people’s emotions. Most of the time, investor’s emotions drive the market. When they see the market doing good, they keep investing more and more money, leading to a strong bullish atmosphere. Similarly, when they know the market is moving downward, they panic and liquidate their investments, leading to sharp falls.

In this article, we have covered questions about the Bitcoin fear and greed index and how to measure it. Having awareness of the fear and greed index will be beneficial for you to control your emotions.

Let’s get started!

What Is the Fear and Greed Index?

The crypto fear and greed index is a measurement that assigns a score to crypto market sentiment ranging from 0 to 100. The fear and greed index was designed by CNNMoney (a popular financial news and information website) to evaluate market emotion for equities and shares. Since then, Alternative.me (a popular software comparison website) has customized its version for the cryptocurrency market.

Fear (a score of 0 to 49) suggests that the market is undervalued and oversupplied. Greed (a score of 50 to 100) indicates that cryptocurrencies are overvalued and may be amid a bubble.

When deciding whether to enter or depart the crypto market, seeing fluctuations in the amount of fear and greed might become part of your trading strategy.

How Does the Fear and Greed Index Work?

The index shows a value based on various market trends and indicators. Currently, it uses only the information related to Bitcoin (BTC). They’re just using Bitcoin data because of its biggest market capitalization and sentiment correlation with the rest of the market. There are discussions to include other significant cryptos such as Ethereum (ETH) and Cardano (ADA). Index readings are divided into four major parts.

  • Extreme Fear: 0 – 25
  • Fear: 26 – 50
  • Greed: 51 – 75
  • Extreme Greed: 76 – 100

Extreme fear is a symptom that investors are very concerned about their assets’ value decreasing. The tremendous panic among investors, on the other hand, could indicate a buying opportunity. Similarly, when investors are overly greedy, the market is due for a correction.

How Is the Crypto Fear and Greed Index Measured?

The data come from the crypto fear and greed index, which combines five major market elements. To illustrate significant progress in the crypto market’s attitude change, each data point is valued the same as the day before.

Volatility

Volatility accounts for 25% of the index. It is calculated by comparing Bitcoin’s current price with the averages of the last 30 days and 90 days. Volatility reflects the fear in the market. When volatility rises sharply, it could suggest that the market is afraid.

Market Momentum/Volume

The other biggie is market momentum/volume, which accounts for 25% of the Bitcoin fear and greed index. This method compares Bitcoin’s current trading volume and momentum against 30- and 90-day averages, then adds the findings. This is often used to describe excessive bullishness or greed in the market.

Social Media

Social media accounts for 15% of the index. In calculating the crypto fear and greed index, the social media aspect is quite crucial. The social media indicator is based on sentiment analysis of likes, postings, the number of tweets tagged with specific hashtags (most notably #Bitcoin), and how users tweet with that hashtag. 

Greedy market conduct is associated with a higher-than-normal interaction rate. They are also working on including Reddit in this.

Dominance

Dominance receives 10% of the index. The market cap share of the entire crypto market mirrors a coin’s dominance. The surge in Bitcoin supremacy is primarily due to a fear of investing in more dangerous alt-coins, as Bitcoin is increasingly becoming the safe haven of crypto. 

On the other hand, as Bitcoin’s dominance declines, people get more greedy, investing in more risky alt-coins in the hope of profiting from the next great bull run. In any case, studying dominance for a coin other than Bitcoin could lead to the opposite conclusion since increased interest in an alt-coin could indicate bullish/greedy behavior for that coin.

Trends

Trends cover 10% of the Bitcoin greed and fear index. The emotional behavior of the market can be deduced from Google trends data for Bitcoin-related searches. If the number of searches for “Bitcoin as legal tender” rises, this indicates market greed. This provides a broad indication of how many people are interested in a particular asset.

You should notice all these five indicators cover only 85% of the index. Surveys have completed the missing part.

Surveys

Surveys impact 15% of the index. However, this component is not currently taken into account when calculating the crypto fear and greed index. Surveys use straw polls (a public pooling platform) to conduct weekly cryptocurrency polls and ask people how they see the market. 

Typically, each poll will receive between 2,500 and 3,500 votes, giving a good idea of how a group of crypto investors feels. Don’t pay too much heed to its outcomes, but they were helpful at one point. There are no particular reasons for why this is paused and how the distribution is updated in the survey’s absence.

Conclusion: Crypto Fear and Greed Index

The Bitcoin fear and greed index is a quick and easy approach to compile and summarize various fundamentals and market sentiment indicators. If you want to calculate it, you must rely on multiple indicators, including Bitcoin dominance, trends, volatility, volume, social media, and many others. This index provides the value by dividing equal portions for each indicator according to its importance. It helps you control your emotions and make better decisions regarding the crypto market.

Advantages and Disadvantages of Automated Crypto Trading 

The crypto market is highly volatile, which leads to regular pumps and dumps. In this environment, automated trading is the best way to book good profits. If you are interested in automated crypto trading, then this article is for you. It covers the main advantages and disadvantages of crypto trading automation. 

Let’s jump into it.

What Is Crypto Trading Automation?

Crypto trading automation is a technique that allows you to enter and exit precise market positions without continuously monitoring your computer. Predesigned trading systems do most of the job for you with the help of scenarios. You just need to choose a scenario or design one according to your plans and apply it. 

In other words, a crypto trading system executes orders at a crypto exchange you choose, depending on your trading scenario. Trades can be executed based on asset price, technical indicators, or the percentage of your portfolio’s worth. This significantly lowers your risks and gives you a competitive advantage over manual traders.

Pros and Cons of Crypto Trading Automation

Take a closer look at the major pros and cons of automated cryptocurrency trading.

Pros of Automated Trading

  • Better Timing: Crypto trading scenarios are sophisticated algorithms that can complete trades considerably more quickly than humans. As a result, trades are executed with pinpoint accuracy on the trading algorithm’s exact value. Getting into or out of a trade a few seconds earlier can significantly impact the result of the trade.

Slippages (the difference between the planned price and the price at which the trade occurs) are common in crypto trading because of volatility. These system slippages are eliminated with algorithmic trading.

  • No Emotions Involved: Investors are human beings who experience various emotions about a particular asset. Traders might easily panic, become overconfident, or have FOMO (fear of missing out) on a lucrative asset. Emotions influence your decision-making and can lead to mistakes in judgment and poor decisions, resulting in trades being closed at a loss, reaching a stop loss, or liquidating.

One of the key advantages of employing a crypto trading scenario is that it has no emotional attachment to the trade and enters or exits depending on market conditions rather than a gut sense.

  • Opportunities for Backtesting: Backtesting is the process of putting various trading algorithms to the test using historical market data. This is done to assess the plan’s effectiveness. Traders can use past data to evaluate these specific sets of rules before risking money in actual trading. You may utilize historical market data to test whether a trading plan would work based on previous results instead of guessing and perhaps losing money.

An automated crypto trading system can perform this time-consuming task quickly and accurately.

  • Simple Investment: For new investors, understanding blockchains and cryptocurrency may be a bit difficult. They struggle to comprehend complex charts, data analysis, price analysis, and the latest news. Crypto trading scenarios eliminate the need for users to stare at their displays the whole day. You just sign up, choose trade patterns, and let the algorithms handle the rest.

Cons of Automated Trading

  • Over-Optimization: The main risk of employing automated trading systems is that traders may fall into the trap of over-optimizing their strategies to find the best ones. They can make constant adjustments to their plans to reach 100% profit.

When this happens, your strategy is said to be “over-optimized,” which means it’s too complicated for the system to implement in the actual world; it looks nice on paper but doesn’t perform as predicted on the live market.

  • Still Require Monitoring: Automated trading systems are intended to be utilized while you are away from your computer. If something unexpected occurs (system quirkiness, connectivity troubles, power outages, or computer breakdowns), it can cause erroneous, missing, or duplicate orders, which in turn can result in a minor or huge loss.
  • Security Issues: Using crypto trading systems is generally regarded as secure, particularly the DeFi model, which is hosted on the blockchain and executed through smart contracts. It is, however, still vulnerable to security breaches as a result of hacking. So, always read customer comments and reviews. 

Let’s check out one such automated crypto trading system. 

How to Automate Your Crypto Trades

Obolon9 is a safe and secure automated cryptocurrency trading system with pre-designed scenarios (plus configurable scenarios). This system offers the best of both worlds by combining the flexibility of manual trading with the attentiveness and accuracy of pre-designed scenarios.

Summary

Automated trading systems are designed to help you achieve better trade timing, non-emotional behavior, and backtesting. Sometimes, due to certain conditions, such systems are not able to provide guaranteed results. You have to decide on your own, by keeping both sides in mind, whether you should go for automated crypto trading or not. Obolon9 is a safe and secure system to automate your cryptocurrency trades.

 

Learn the Best Indicators for Day Trading Crypto

The kind of gains the whole crypto market showed in 2021 is exceptional. This “crypto blast” even affected people who had never heard about cryptocurrencies. 

The Reddit community WallStreetBets demonstrated how strong retail day traders could become when working together. Traders all around the world use certain indicators to gain more confidence in their selections. They frequently pair indicators with risk-management tools to obtain more accurate price information.

Are you already interested in indicators for day trading crypto? Stay with us! This article lists some of the best indicators to use as companions in day trading.

What Is a Trading Indicator?

The trading indicator is a tool typically based on algorithms that display historical price data to assist traders in making decisions. It usually gives data on market volatility, trend strength, and overbought or oversold market circumstances. Through mathematical calculation, the indicators provide additional assurance concerning pricing and volume.

For those who don’t have a deep understanding of the crypto market and don’t know how to start day trading, indicators help a lot.

4 Best Indicators for Crypto Day Trading

These are the ones you should check before making a day trade. You can use just one indicator or all at the same time to eliminate the gaps of each. 

1. Exponential Moving Average

The exponential moving average (EMA) is a graphical tool used in trading that indicates how an asset’s or security’s price changes over time. The EMA differs from a simple moving average in that it gives recent prices more weight over other factors.

All moving averages are designed to determine how a security’s price is moving based on previous prices. Exponential moving averages are hence lag indicators. They do not forecast future prices; instead, they illustrate the crypto price’s current movement.

They can be observed in various forms, such as 21-day EMAs, 50-day EMAs, and 100- or 200-day EMAs. Prices are more sensitive to EMAs taken over shorter periods. As a result, a 21-day EMA line tracks prices more closely than a 100-day EMA line.

2. Moving Average Convergence/Divergence 

MACD, or moving average convergence/divergence, is a trading indicator used in the crypto market’s technical analysis. Its purpose is to detect changes in the strength, direction, momentum, and duration of a trend in the price of a crypto asset. 

The MACD indicator might help you spot specific price trends quickly. When the crossing occurs above zero, it usually shows an uptrend. When the corner occurs below zero, it usually indicates a decline. MACD indications can be interpreted in various ways, although crossovers, divergences, and quick rises/falls are the most popular.

3. Average Directional Index

The average directional index (ADX) is the only indicator on the list that does not provide movement direction. An ADX doesn’t show in which direction a particular crypto asset can go. It only shows the strength of the trend in whatever direction it moves and how strong it could be.

The ADX is represented as a single line with values ranging from zero to one hundred. When the ADX line is below 25, it indicates weak bearish or bullish trends, such as a market that isn’t trading or that is ranging, and there is low risk. If the ADX line is over 25, the trend is firmly upward or downward and has significant risk.

4. Average True Range 

The average true range (ATR) is an indicator that decomposes the complete range of a crypto-asset price for a certain period to determine market volatility. The ATR is like a moving average of an asset’s price movement calculated for 14 days, although it can be different depending on your approach.

It aids traders in predicting how much an asset’s price will shift in the future and determining how far out a stop loss or profit objective should be placed.

Average true range trading is rarely utilized in manual techniques, but it is frequently employed in developing trading advisors’ risk-managing systems. This indicator does not indicate the strength of a trend and cannot predict a price’s next movements. It simply provides a rough calculation of market volatility.

How to Trade with an Automated Trading System

Obolon9 provides you with a set of already designed scenario-based trading tools (plus a custom scenario) through an automated crypto trading system. The freedom of manual trading and the accuracy of designed scenarios combine the best of both and deliver the desired results.

You may create your first scenario on Obolon9 in five simple steps.

  • Name your scenario: Name your scenario based on the coin/token you are trading and the target you are looking to achieve.
  • Choose a strategy: For achieving your targets, you have to set up your strategy. You can go for an already designed strategy or customize a specific one for yourself. You can also import one from TradingView (a social network of 30 million traders and investors who use the most excellent charting and analysis tools in the world to spot market opportunities). 
  • Select a crypto exchange and crypto asset: Choose a crypto exchange and a crypto pair to trade.
  • Specify parameters: Complete the remaining asset parameters you want to track in the scenario. Your scenario will only issue alerts/trades if these factors are favorable.
  • Click on Save and Run: You’re done; your scenario is already operational.

Conclusion

Indicators for day trading crypto help the trader earn maximum profits and decrease the level of risk. Combining them can be a good idea — this way, you unite their strong sides. 

Indicators like the exponential moving average provide information that helps you predict the market’s next move. If you want to automate your trades with a trusted system, you can try Obolon9.

Ethereum 2.0: What Is the Future All About?

Ethereum remains an innovative platform in the cryptocurrency space. The system’s pacesetting strides have certainly earned its investors remarkable returns. ETH has grown over 900% in the past 12 months — 600% more than Bitcoin in the same period! In addition, it has remained a major competitor to BTC and is the second most valuable cryptocurrency globally.

However, Ethereum has not been without its shortcomings that negatively influence this network. Consequently, Ethereum 2.0 is currently under creation to correct its issues, but is the upgrade necessary? Will it be worth it? What are the benefits of creating ETH 2.0 while Ethereum is so successful? Keep reading for answers to these pivotal questions.

Understanding the Foundation: What Is Ethereum?

Ethereum is an open-source resource for the development of decentralized applications. The platform is available worldwide and accessible to everyone: the goal is to establish a protocol that allows for permissionless application creation with globally accessible data and states. Smart contracts are one of Ethereum’s key tools; they allow all participants to automate the execution of their agreements and be certain of the outcome. 

Transitioning From PoW to PoS

  • Like most cryptocurrencies launched after 2012, Ethereum uses a similar consensus mechanism to Bitcoin — Proof-of-Work (PoW). This protocol has two major functions, which are to facilitate node incorporation to verify data published on the ETH platform and to foster Ethereum’s economic growth. PoW has played its roles to a significant extent, but there are imperfections that the network cannot ignore anymore.
  • Key among these shortcomings are slow transaction speeds and relatively expensive gas fees. CryptoKitties — an ETH-based game — makes for a good example; this program was the first introduction of NFTs (non-fungible tokens) and gained incredible popularity shortly after its release. Unfortunately, this clogged the network, resulting in numerous transactional difficulties.
  • DeFi’s (Decentralized Finance) emergence further emphasizes the relevance of a streamlined system. DeFi may have recorded excellent market growth since its introduction, but the PoW consensus leaves much to desire. Consequently, some investors have switched to other blockchains, while others remain spectators until the edges are ironed out. Ethereum’s boundaries may be limitless with more stable fees and better scalability.
  • In comes Ethereum 2.0, an upgrade that became necessary to cover for ETH 1.0 boomerang flaws. Developers are targeting a more scalable network and a wider blockchain acceptance. Several changes are in the offing, notably the switch from PoW to PoS (Proof-of-Stake) consensus mechanisms. Staking assures more participants in the network, an improvement that may achieve perfect ETH decentralization.

Notable ETH Shortcomings: Why Do Crypto Users Need ETH 2.0?

Ethereum may be uniquely innovative and may have recorded incredible growth since its launch in 2015. However, there are a few concerns about the platform — some too significant to ignore. Let’s see what they are.

  • A Clogged-Up System: Choked arteries considerably limit Ethereum’s aim to spread across the world. The platform may be present globally as it stands, but the population on the blockchain was unprecedented. Transactions may be slow and difficult due to the need to verify every transaction before completion.
  • Insufficient Disk Space: The ever-growing ETH populace has also affected the smooth incorporation and running of nodes. These are special software that facilitate seamless operations across the platform.
  • High Energy Consumption: Ethereum uses an unsustainable power source for the maintenance of network security for the Proof-of-Work consensus algorithm. This may threaten environmental health.

Ushering in a New Dawn: What Is ETH 2.0?

ETH 2.0 is an enhanced version of the Ethereum blockchain. This product redefines Ethereum’s goals, as establishing a global, open-source protocol isn’t enough anymore; the platform now targets faster speeds, better security, and more convenience. 

Assessing ETH 2.0: What Promise Does It Hold?

With ETH developers back to the drawing board to launch an upgraded version, what may investors expect?

  • Greater Scalability: The choking crowd on the Ethereum blockchain makes it imperative to build a system that may facilitate thousands of transactions per second (TPS). ETH 2.0 assures this need, resulting in cheaper fees and faster sprints.
  • Improved Security: ETH 2.0 promises a highly secure platform that supersedes the security level currently at Ethereum. User institutions and other stakeholders are bound to feel safer and more comfortable with this development.
  • Sustainable Energy: ETH 2.0 is programmed to run without any mining. This change invalidates the PoW consensus algorithm, which consumes excessive energy — thereby guaranteeing environmental sustainability.

Ethereum 2.0  Release Date: When Is the Future Reaching Us?

The Ethereum 2.0 release is scheduled as a three-phase arrangement. 

Phase 0: Beacon Chain (2020)

The Beacon Chain’s primary function is to oversee the implementation of the Proof-of-Stake algorithm and pave the way for all its Shard Chains to follow in Phase 1.

Phase 1: Shard Chains (2022)

This phase splits the Ethereum blockchain into multiple phases, leading to a better capacity for storing data and processing transactions. 

Phase 2: Execution Engine (2022 – 2023)

The Execution Engine will support contracts, accounts, stats, and other data that users, developers, and other stakeholders gain from the current smart contract languages. 

Final Thoughts

Ethereum is an excellent platform for developers to write codes for creating decentralized applications. The system also offers smart contracts, which are unique Ethereum accounts that may conduct agreements as they are programmed. 

However, all these benefits don’t excuse the platform of its issues. Transactions stumble from time to time, courtesy of the clogged-up network and the inability to run nodes seamlessly. It’s become clear that the blockchain requires an upgrade, and few investors would disagree with the necessity of ETH 2.0. Ethereum 2.0 promises and already appears to be a very effective project, but time will tell.

Arbitrage Trading — Essentials of This Low-risk Strategy

Are you unsure of high-risk cryptocurrency trading strategies? The popular low-risk arbitrage trading may be best for you! Arbitrage trading is popular among crypto traders and helps realize profits from the barely noticeable price differences across different markets. 

In this article, we’ll examine this strategy, consider the risks, advantages, and disadvantages of implementing it, and suggest a system to simplify its execution. 

What Is Crypto Arbitrage Trading? 

Crypto arbitrage is the simultaneous trading of a cryptocurrency from numerous exchanges, platforms, or locations to profit from the price difference between each source. It’s noteworthy that the profit realized in this strategy is relatively low in percentage terms. An arbitrage trader sells the same quantity of the asset that they buy elsewhere. 

Types of Arbitrage Trading 

There are three common types of arbitrage:

  • Two-currency Arbitrage: This technique exploits the difference between various quotes of two cryptocurrency pairs rather than two cryptocurrencies within the same pair.
  • Covered Interest Arbitrage: This strategy sees the trader capitalizing on the difference in two countries’ interest rates. Such traders have to account for their exchange rate risk through a forward contract.
  • Triangular Arbitrage: Traders who deploy this tactic optimize the difference between three varying cryptocurrencies. They attempt to profit from these three by exchanging one of the coins for the other two before exchanging the cryptocurrency back to its original form. 

How Does Crypto Arbitrage Trading Work?

  • Arbitrage trading depends on your ability as the trader to exploit the price difference of an asset in varying markets. Arbitrage opportunities are typically fleeting; therefore, automated tools are common among arbitrage dealers. 
  • Suppose coin X appears on Binance and Coinmama, and the former quotes the asset at $5 per unit while the latter lists each unit at $4.50. One can capitalize on the fifty-cent difference.
  • To capitalize on this price difference using arbitrage, the trader buys each unit of coin X at $4.50 on Coinmama and lists on Binance at $5, thereby earning $0.50 per unit. They may earn more or less, depending on the cryptocurrencies’ differences. What’s important is that the profit per unit covers the expenses per unit. 

Common Risks Associated with Arbitrage Trading

There are no infallible strategies in cryptocurrency trading. The following are five common risks traders may experience as they arbitrage.

  • Execution Risk: A significant requisite for optimum profit realization from arbitrage is that the two trades finish simultaneously. However, this expectation is unrealistic in most cases. Only one part of the deal executes more often than not, resulting in less than the trader targeted. 
  • Mismatch: Buying and selling a non-identical asset may cause a mismatch risk. This is because the blockchain may not allow for trading the same asset at varying prices at the same time in foreign markets. The trader has no alternative but to conduct the transaction, assuming that both assets have correlating prices.
  • Counterparty Risk: Arbitrage may suffer counterparty risks when involving cash transactions. This implies that one of the parties in a transaction may fail to fulfill their part on time. The counterparty risk poses a terrible issue for a trader who conducts multiple trades simultaneously. An arbitrageur may suffer massive loss when numerous counterparties fail. 
  • Liquidity Risk: There are noticeable odds of an arbitrage getting leveraged. A trader may have to borrow money should a margin obligation suddenly arise or in the case of a non-identical asset. The trader may then be unable to recoup their investment due to a lack of sellers or inefficient markets. 
  • Assessment Risk: The assessment risk differs from other risks, as it doesn’t concern financial capability. Information arbitrage relies on the trader’s insight to properly evaluate an underrated piece of information to realize its significance. 

Advantages of Arbitrage Trading

Arbitrage trading is usually safer than buying coins to hold. The strategy assures you of efficient, streamlined means to make profits. The benefits of arbitrage trading are:

  • Lower Risk: Arbitrage trading lessens the risks associated with buying and selling cryptocurrency, thanks to the neutral nature of most arbitrage techniques in the market. Arbitrage trade presents numerous opportunities to profit when the market is heavily volatile — courtesy of widespread price differences. 
  • Uncorrelated Performance: Price-oriented arbitrage helps improve portfolio diversification, resulting in enhanced risk-adjusted-performance. An asset may earn you profit even in a bearish market if you recognize the appropriate information. 
  • Good for Everyone: Arbitrage trading improves market efficiency and liquidity. Thus, traders may make a profit and feel good simultaneously.

Disadvantages of Arbitrage Trading

  • Leverage: The arbitrageur may suffer overconfidence, which may cause them to over-lever their moves. This often results in capital destruction for a long while.
  • Considerable Costs: Taxes, slippage, and transaction costs incurred in buying and selling cryptocurrencies can be costly. Add the price you pay to secure reliable data.
  • Capital: The price difference is typically minuscule in many arbitrage techniques. Therefore, traders may earn huge profits solely if they invest a significant sum of money and optimize their leverage with the utmost margin rates. 

How to Profit More Conveniently from Arbitrage Trading

Crypto arbitrage trading requires a lightning decision-making ability and reliable information. Consequently, it’s recommended to use a resource that offers both. Obolon9 is an automated cryptocurrency trading system that provides 24/7 market surveillance and instant notifications when the market meets set parameters. Obolon9 offers the first 30 days of use for free. 

Conclusion

Crypto arbitrage trading is a low-risk strategy among traders that consequently offers low profits. A person may have to invest a significant amount before realizing a considerable profit. The strategy may have its risks and disadvantages, but few crypto techniques offer less risk. Arbitrageurs may engage automated cryptocurrency trading systems, like Obolon9, for optimum trade results.

Understanding What Tether Is: What Are the Unique Benefits of USDT?

Tether (USDT) is a popular stable coin that helps investors reduce the market’s volatility. Tether is available across most exchanges and is the most used cryptocurrency for fiat-crypto exchanges. However, how does USDT achieve such stability in the notably erratic cryptocurrency industry?

We’ll see below. This article will answer questions on what Tether is, how it works, and its advantages and disadvantages.

What Is Tether (USDT)?

Tether is a cryptocurrency network that ties the value of its coins to the value of the specific fiat supporting it. Fiat currencies (for example, US dollars, euros, and pounds sterling) are typically more stable than cryptocurrencies may ever be. USDT is associated with the US dollar, which means that every USDT token has the same value as one dollar. 

The same applies to other Tether tokens, such as CNH₮ (Tether Chinese Yuan) and XAU₮ (Tether Gold), according to the fiat affiliation they keep. Tether serves as a means of exchange and storage — aside from the traditional functions of cryptocurrencies as speculative. 

Understanding the Tether Network

Tether LTD is the owner of the Tether network. The enterprise is responsible for accepting fiat deposits and withdrawals on clients’ behalf and for minting and burning Tether tokens according to the administered reserves. 

Tether originally started on the Bitcoin blockchain through the Omni Layer protocol, trading and creating digital assets on the network. With this mechanism, Tether may create and destroy tokens using the amount in custody. The Omni Layer protocol keeps track of Tether circulation. 

The reports of Tether’s transactions are available on the Bitcoin blockchain — courtesy of Omni Layer. Users track their confirmed trades through Omni Explorer. Tether was also listed on a notable Bitcoin sidechain, Liquid, as of 2020. 

The Tether network has incorporated various other blockchains, notably Ethereum, Tron, and EOSIO. This development allows these blockchains to mint new assets natively. Ethereum remains the largest USDT market, as it stands. 

Tether’s Use Case

USDT represents US dollars on cryptocurrency blockchains. It is commonly classified as a stablecoin — a  group of cryptocurrencies that prioritize price stability and are supported by a reserve asset. Tether LTD issues USDT as IOUs (I Owe Yous), an acknowledgment that they owe you the dollars you invest. Whoever invests has their dollars deposited at Deltec Bank in the Bahamas. 

  • Tether has solidified its blockchain roots, having established itself on nine public ones currently, including Bitcoin Cash, Algorand, Ethereum, EOS, Bitcoin Omni & Liquid, Aolanay, and OMG Network. This expansion ensures that Tether is usable on the most popular cryptocurrency blockchains.
  • Holders of USDT may spend this coin without waiting on third-party permission, thanks to their private keys. Anyone with access to public blockchains may audit Tether transactions. Furthermore, the US dollar’s stability helps regulate USDT, limiting the crypto space’s volatility. Also, this dollar association ensures that investors may use USDT as collateral in DeFi and conduct arbitrage trades when asset prices differ, according to the platform. 
  • In conclusion, Tether (USDT) reduces the volatility risk in the cryptocurrency industry, diversifies protocol risk, and limits exchange risk since holders may exchange across all platforms. Tether enjoys the cryptographic guarantees of blockchain-recorded and digitally held assets. 

Advantages of Tether

Tether is different from typical cryptocurrencies. This implies that it offers benefits that aren’t achievable with coins like BTC and ETH.

  • Absence of Volatility: Tether conveniently avoids volatility, ensuring that demand doesn’t affect the coin’s value. One Tether token would be equal to $1 in most cases. 
  • Several Blockchains: Tether has established itself across at least nine public blockchains. What does this mean? You may trade the coin across all these networks. Take Ethereum and Solana, for example. 
  • As Beneficial as Bitcoin and Altcoins: Despite the absence of volatility, USDT fulfills nearly every function of a cryptocurrency. What’s better? USDT holders may enjoy relatively affordable transaction fees and improved security. In addition, traders may use it to store the value of their cryptocurrencies whenever they are bothered about prices falling. This is because Tether retains your cash by maintaining a stable price, unlike cryptocurrencies that may decline unexpectedly.
  • May Access All Exchanges: Some crypto exchanges don’t allow fiat transactions. Fortunately, USDT supports borderless payments and may be traded on such platforms. Users don’t have to use cash. Also, the costs are remarkably low to cash out USDT for fiat on the Tether network.

Disadvantages of Tether

Few cryptocurrencies are without shortcomings. Let’s see some Tether limitations that may discourage users.

  • Non-transparent Audits: Tether transactions are auditable on Omni Layer, but the company itself has failed to give a full public audit. Its last audit in 2017 wasn’t comprehensive, and there are no talks of a new audit yet. Currently, there isn’t a  complete professional public audit of Tether’s dollar reserve.
  • Anonymity Issues: Every transaction on the Tether website requires account confirmation and verification. Ultimately, the promised anonymity is lost.
  • Centralized and Trust Dependent: Tether may claim a decentralized network, but the company and its dollar reserve are centralized. Furthermore, the whole 1:1 Tether arrangement depends on the company’s capability and willingness to maintain the ratio.
  • Dependent on Third Parties: Tether’s ability to keep functioning depends on the company’s relationship with banks and legal authorities. Therefore, Tether has to strive to maintain a good relationship with these institutions at all times. 

How to Trade Tether (USDT) Automatically

Trading USDT profitably significantly depends on your trading resources. As such, automated trading systems such as Obolon9 are recommended. Obolon9 surveys the market and alerts you of movements in the parameters you’ve set. This system helps traders make timely decisions with ease.

Summary

Tether (USDT) is a stablecoin that holds a 1:1 value with the US dollar. The coin is free of the extreme price swings that characterize cryptocurrencies. Yet, it performs nearly every function of traditional cryptocurrencies, like BTC, ETH, and LTC. USDT is great for storing value when traders are worried about volatility. In addition, Tether facilitates trading across nearly every cryptocurrency exchange, thanks to its incorporation into the most used blockchains.

Popular Trading Indicators: Stochastic RSI and Bollinger Bands

Stochastic RSI (StochRSI) and Bollinger Bands are two well-known technical indicators that may help traders make better trade decisions. Both indicate different metrics but are ultimately useful for realizing more profits. In this article, we’ll assess each signal and consider a reliable tool for implementing both. 

What Is Stochastic RSI?

StochRSI (Relative Strength Index) is a trading indicator that helps gauge an asset’s price momentum. Cryptocurrency traders use this oscillator to determine whether the market has oversold or overbought a coin. This technical analysis (TA) is a derivative of RSI values rather than crypto price data. StochRSI is extremely sensitive to market changes; therefore, it’s able to produce considerable trading signals that you may find useful.

StochRSI is most useful when within the range of its upper or lower extremes. Zero to one hundred numerical scales (marked at 20 and 80) from StockRSI. The scale labels overbought and oversold market movements over 80 and below 20, respectively. 

However, the RSI indicator may not always be dependable. Why? The presence of false signals and numerous fake-outs make it challenging to assess the exact demand and supply conditions. Also, the indicator may remain over 80 or below 20 for prolonged periods. Experts recommend the use of other indicators alongside the RSI.

Main Features

Three key features differentiate the StochRSI from other technical analysis tools. 

  • StochRSI is a technical evaluation indicator that compares an asset’s price range and closing price to predict the stock market’s movement. 
  • StochRSI performs an exclusive function in cryptocurrency trading as it analyzes market momentum to provide reliable interpretations for oversold and overbought coins.
  • The price of overbought coins moves faster to oversold on the StochRSI than the Relative Strength Index. 

But you may ask, “What is the difference between RSI vs. Stochastic?” RSI is an instrument to measure the rate of price movements — in other words, speed — while the Stochastic indicator gauges an asset’s price momentum. Working together, they form the StochRSI that measures RSI momentum.

How to Calculate StochRSI

The formula for Stochastic RSI is: 

  • StochRSI = RSI – Lowest RSI divided by Max RSI – Lowest RSI

Where:

  • RSI means the current RSI reading.
  • The lowest RSI means the minimum RSI reading for the last 14 periods.
  • Max RSI means the maximum RSI reading since the last 14 oscillations. 

Stochastic RSI

These values are derived from RSI readings. The calculation involves 14 data oscillations, and that’s the RSI’s value input too. The StochRSI formula, in turn, incorporates these values. Let’s see the step-by-step illustration below to achieve your StochRSI values.

  • Note the RSI levels for 14 data periods.
  • Highlight the current, the lowest, and the highest RSI values on the 14th.
  • Also, highlight the current, lowest, and highest RSI readings on the 15th oscillator.
  • Use these values to get your new StochRSI.
  • You may now compute your new StochRSI values using only the last 14 RSI readings. 

What Are Bollinger Bands?

Bollinger Bands are a technical indicator that helps traders recognize and categorize new market trends. Therefore, they may have a clearer understanding of the oversold and overbought stock. Overbought assets on Bollinger Bands are represented on the higher band, a signal for traders to sell. On the other hand, underbought assets are displayed on the lower band — a buy signal in this case. 

Bollinger Bands are technical indicators that crypto traders use to track an asset’s performance over a period. They may then sell or buy according to the collected analysis. Traders may identify coins that may spike, thereby figuring out when to enter and exit a trade. Bollinger is also helpful in automated cryptocurrency trading. Experts may code trading bots that help recognize and discharge technical indicators. 

Main Features

Two vital specifications distinguish Bollinger Bands from other forms of technical analysis.

  • Bollinger Bands may help estimate an asset’s rising probabilities. This feature implies that Bollinger Bands comprehensively define an asset when losing strength or reversing its movement. 
  • Traders may get a clearer idea of down-trending assets using Bollinger Bands. They may figure out an asset’s falling state, particularly when the upside trend is reversing.

Understanding Bollinger Bands Better

Bollinger Bands have unique characters that help the trader deduce meaningful marker information. A trader may suspect a sharp move in prices should the bands pack tightly in a low volatility period, for instance. Typically, such a trait indicates a trending move, but traders are advised to ensure the signal isn’t false and may move counterclockwise.

The presence of a significant gap between bands indicates the likely end of a trend and increased volatility. 

Bollinger Bands

However, note that prices may also fluctuate within the bands. The price may touch a band while swinging towards another. These interactions may be confusing, but they help evaluate profit targets. To summarize, the upper band represents the profit target if an asset’s price drops down to the lower band and spontaneously climbs up and across the moving average. 

It’s noteworthy that prices may glue the band for a long time or increase when the trend is strong. Nonetheless, experts recommend more research to figure out extra profits. For instance, a price may cross both bands and flip back inside, leading to a negative scenario.  

Create an Automated Custom Scenario 

Obolon9 is an automated crypto trading system that offers comprehensive market surveillance 24/7 and instant notifications when the market moves according to the parameters you’ve set. This tool comes with ready-made scenarios and ones customizable to the user’s specifications.

Follow these steps to create a custom tool using Obolon9’s customizable scenario:

  • Create a name for your scenario.
  • Select a trading scenario.
  • Choose a trading platform and a cryptocurrency pair.
  • Specify your desired parameters. 
  • Save and run your program. 

Conclusion

Stochastic RSI and Bollinger Bands are two powerful technical indicators that may help cryptocurrency traders gain a clearer market understanding. When properly done, these evaluations will help the trader have a good picture of the potential future of the coins they’re trading. You may implement StochRSI and Bollinger Bands on automated trading systems, like Obolon9, and create a customized scenario.

 

Which One Is Better: Bitcoin vs Litecoin

Are you interested in a Bitcoin (BTC) and Litecoin (LTC) comparison but don’t know where to start? If so, you aren’t alone in this matter.

These are two of the most well-known cryptos on the market, but because of many similarities, people face difficulties when choosing the better one for themselves. That’s why this article provides useful information about the Bitcoin vs Litecoin cryptocurrencies comparison. 

Let’s get started. 

What Is BTC?

Satoshi Nakamoto proposed and developed Bitcoin, the world’s first digital currency, between mid-2008 and early 2009. It is a decentralized cryptocurrency that facilitates instant payments through peer-to-peer technology. Bitcoin has the crypto world’s largest market capitalization of 850 billion USD at the moment.

What Is LTC?

Litecoin (LTC) is a cryptocurrency founded by Charles Lee in October 2011. It was presented at its launch as the “light version of Bitcoin.” It is essentially comparable to Bitcoin in terms of technical specifications. Litecoin has the 13th largest market capitalization of ten billion USD.

Bitcoin vs. Litecoin

Now take a closer look at the major differences between Bitcoin and Litecoin.

  • Design and Purpose: The cryptos aim to create a source of exchanging and storing value by eliminating all third-party organizations, like banks and governmental authorities. LTC is a fork of BTC and was developed to overcome Bitcoin in terms of low transaction costs, quick transfers, and low power consumption.
  • Working Algorithm: Another important difference between Litecoin and Bitcoin is their mining algorithms. While they are both Proofs of Work, Bitcoin employs the SHA-256 hashing method. Scrypt is a relatively new algorithm used by Litecoin. Scrypt runs on lower power consumption and is faster than BTC’s algorithm.
  • Mining: Because of LTC’s Scrypt, it consumes low power and time for Litecoin mining and offers its users the ability to mine on their personal computers. On the other hand, Bitcoin mining requires a proper, high-cost hardware setup, which consumes a lot of power.
  • Market Capitalization: This year went well for the overall crypto market. In April 2021, BTC recorded an all-time high market capitalization of one trillion USD and currently has the largest market capitalization of 850 billion USD. In May 2021, LTC recorded an all-time high market capitalization of 23 billion USD and currently has the 13th largest market capitalization of ten billion USD.
  • Block Sizes: A block is processed every 2.5 minutes on the Litecoin network, compared to ten minutes on the Bitcoin network. As a result, Litecoin has a faster transaction speed than Bitcoin. When it comes to block rewards, the Litecoin network currently gives miners 12.5 coins for every block, while the Bitcoin network gives miners 6.25 BTC. Both cryptos limit their block size to 1MB.
  • Transactions Every Second: Bitcoin processes only seven transactions per second, while LTC can process more than 50 transactions every second, almost eight times faster than BTC. Litecoin was established in part to improve transaction speeds, with a block being fully confirmed and added to the Litecoin network within an average of two and a half minutes.
  • Network Transaction Fee: LTC offers way cheaper transaction fees in comparison with BTC. BTC has an average transaction fee of $7.56 for every transaction. It costs only $0.03 for every transaction on the LTC network, almost 250 times cheaper than BTC. 
  • Store of Value and Institutional Involvement: One of the key reasons Bitcoin is so much more successful than LTC and any other cryptocurrency is its status as a store of value on the market. Bitcoin is termed a “digital gold.” Institutions from all over the world have started investing their capital in BTC, and according to recent reports, around eight to ten percent of BTC is held by them. Elon Musk recently said that Tesla holds Bitcoin. LTC hasn’t gained so much popularity among institutions yet.

How to Automate Your Bitcoin and Litecoin Trades

Obolon9 provides a trader with a set of predesigned scenario-based trading tools (plus a configurable scenario) through an automated crypto trading system. It combines the best of both worlds through the flexibility of manual trading and the diligence and precision of programmed scenarios.

With these six simple steps, you can set up your first scenario on Obolon9.

  • Name your scenario: Name your scenario according to your associated asset and purpose of trading.
  • Choose a strategy: Select a trading strategy for your scenario. It might be one of the ready-to-use scenarios, your own custom one, or an imported one from TradingView (a social network of 15 million market participants from across the globe who utilize the best analytics, charts, and traders’ tools to keep track of the global crypto markets).
  • Select a trading platform and crypto-asset: Select a crypto exchange and cryptocurrency pair you want to trade.
  • Specify parameters: Fill in the rest of the asset parameters you wish to track in the scenario. Only when these factors are favorable will your scenario issue alerts/trades.
  • Click on Save and Run: You’re done; after clicking this button your scenario is already functioning.

Conclusion

Bitcoin has been termed “digital gold” and holds status as a store of value. Litecoin has various advantages over Bitcoin, like low network fees, fast transaction speeds, and low power consumption, and it does not require any professional hardware for mining. Undoubtedly, both cryptos have huge growth potential and belong among the top 15 cryptos on the market. With all this information regarding Bitcoin vs Litecoin, it’s easier to make a decision on which crypto is best for you. 

 

A Four-Year Price Prediction of Litecoin: 2021 – 2025

Are you interested in Litecoin (LTC), its working mechanism, history, and price forecasting? If so, you should keep an eye on this digital asset before the currency delivers the best results.

Unfortunately, there are very few sources where you can find all the Litecoin predictions in one article. We collected some of the best price predictions of Litecoin for the next four years. Furthermore, we discussed the advantages of this digital asset, price-affecting elements, and one automated platform to trade Litecoin.

What Is Litecoin Cryptocurrency?

In October 2011, Litecoin (LTC) was launched as a Bitcoin fork, or altcoin, to become a better-decentralized cryptocurrency than the established assets. The coin was engineered by Google developer Charles Lee. Litecoin has a better block generation mechanism using the Scrypt consensus algorithm.

Past Performance

Litecoin never broke the $100 mark from 2011 to 2017. But during the 2017 bull market, the price reached the $400 level. The price subsequently dropped below the $100 mark until breaking it again in 2019. 

Working Mechanism

Since Litecoin is a digital currency, having the knowledge of how Bitcoin or Ethereum work is important to understand Litecoin. However, the actual code is a modification of Bitcoin, so you will find Litecoin faster. The mining mechanism is also better than Bitcoin. 

Advantages of Litecoin

  • Scalable Asset: Litecoin is much more scalable than Bitcoin. The technology introduced sophisticated scalability features without increasing the network fees.
  • Faster and Lightweight: The developer of Litecoin improved the block confirmation time. Now, the ten-minute Bitcoin approval time has been replaced by 2.5 minutes in Litecoin. Hence, Litecoin is lighter than its peer cryptocurrencies.
  • Better Fees: While Bitcoin and Ethereum have higher fees due to scalability issues, Litecoin solves the problem by introducing cheaper services.
  • Strong Privacy Features: Litecoin introduced better anonymous transaction features to the core of their services. No third parties are allowed during a transaction thanks to the development of MimbleWimble services.
  • Better Integration: Multiple industries are trying Litecoin as a payment gateway, like retail, arts, and gambling. The open software concept helps achieve better integration for the native Litecoin. 

What Affects Litecoin Price

  • Litecoin Trading: Litecoin is a big name in terms of market cap. Currently, it is the seventh largest altcoin in the world. Moreover, the currency ranks third in the crypto derivatives market.
  • Fear of Missing Out: The digital asset market has been experiencing a FOMO craze. Investors are interested in the future of Litecoin, so they don’t want to miss the chance of making a profit. Hence, the market has a chance of moving upwards.
  • Privacy Factors: The privacy of Litecoin can be a price-driving factor. Both the security of user funds and on-chain services have been improved. This is one of the reasons more investors might get attracted and increase the price in the future.
  • Smart Contracts: Litecoin is working on the smart contract feature with Flare Networks. After implementing this service, Litecoin projected growth should increase.

Price Predictions for Litecoin: From 2021 to 2025

All the technology behind LTC suggests that the Litecoin price has potential for future growth. But what are the experts’ opinions about future Litecoin prices? Let’s see here:

Price Prediction: Litecoin in 2021

Litecoin has been doing well this year along with the surge of many other major cryptocurrencies. But the LTC price prediction shows that it might end the year at $265. This can be a lucrative investment for LTC investors.

Price Prediction: Litecoin in 2022

Experts are predicting that the 2021 bullish run will continue in the year 2022. There are also speculations that Litecoin prices will reach the previous resistance levels between the years 2021 and 2022. The price surges should continue until the end of the year.

Price Prediction: Litecoin in 2023

We studied the expert opinions of Litecoin for the year 2023:

  • TreadingBeasts: The site provided a forecast that Litecoin’s price will average around $153 in 2023. However, the price might stay above $100 this year.
  • Wallet Investor: Wallet Investor predicted two months of fluctuations in 2023. The subsequent months will make the currency less volatile. Litecoin may hit a high of $392 by the end of the year.

Price Prediction: Litecoin in 2024

Digital Coin Price published a Litecoin price prediction for 2024. They are expecting that Litecoin will be around $317, and at the end of the year, the average price will be around $440.

Price Prediction: Litecoin in 2025

Four years from now, we might see a Litecoin price between $500 and $600, according to sources like CryptoNewsZ. The year will see major reforms in the economic and political arena, but experts believe that Litecoin can sustain the issues and increase in value in the future.

Where to Trade Litecoin

Now you have enough information about Litecoin and its possible future. But where do you start trading Litecoin?

You can try Obolon9, an automated crypto trading system, to start your Litecoin journey today. The platform allows you to create automated trading scenarios with a manual decision-making ability for optimal trading performance. Creating an automated scenario for trading Litecoin is easy here. Also, there are lucrative subscription plans you can avail of after trying the platform using a free trial.

Conclusion

Litecoin is one of the most exciting technologies in the crypto world with good speed and cheap network fees. Having an eye on the Litecoin price movement can bring better results to investors amid the highly volatile crypto market. Also, a few elements like anonymity and smart contracts can increase the price of Litecoin in the future.

Keeping everything in mind, you should study Litecoin predictions to make the right decision. Already, various experts have predicted a strong upward movement of Litecoin in the near future. So, you just need a better place to start trading the asset. Try the reliable platform Obolon9 with a free trial period.

 

Popular Ethereum Price Predictions for 2021 – 2025

The cryptocurrency market has been doing well since the hike in Bitcoin (BTC) prices in the last half of 2020. At the same time, the second most valuable digital asset in the world, Ethereum (ETH), showed promising results over many other cryptocurrencies. Recent trading data shows that Ethereum’s price increased threefold in just three months from December 2020. 

However, it’s not wise to make an investment decision without strong market research. So, it’s time to understand Ethereum projections of price and the coin’s benefits.

Definition of Ethereum

Ethereum is a digital asset platform with decentralized and open-source services. The goal of Ethereum is to build a global network related to digital currencies and make the data available for public use. The network supports a few futuristic applications like smart contracts, DeFi, NFTs, etc. This has created a strong presence of the asset in the crypto domain.

Advantages of Ethereum

  • Financial Inclusion: Ethereum supports banking services for everyone. Having the Internet will allow anyone to borrow, lend, and save in Ethereum.
  • Better Privacy: Ethereum applications have better user privacy. You don’t have to give your personal information to use them. 
  • Peer-to-Peer Services: No third party is required to transfer money or make agreements with a party or individual. Everything can be performed directly.
  • No Censorship: Central bank or government regulations can’t be imposed. A transaction can be made using decentralized technologies.
  • Commercially Viable: Ethereum is commercially feasible for both small businesses and large corporations.  

Price Predictions for Ethereum 2021 – 2025

After reviewing the positive aspects of Ethereum, now it’s time to look at the Ethereum future price

Wallet Investor

The popular crypto forecasting portal Wallet Investor predicted that ETH will double in just one year. Furthermore, they predicted strong growth of the asset in the next few years. The site forecasted the year-ending prices of Ethereum for 2021 at $3,661, $5,919 for 2022, $8,439 for 2023, $11,218 for 2024, and $14,021 for 2025. 

TradingBeasts

This website published conservative ETH price predictions from 2021 to 2024. Unlike Wallet Investor, this site is showing that Ethereum will only reach the $4,000 level in the next three years. The TradingBeasts year-end predictions are: $3,115 in 2021, $3,479 in 2022, $3,816 in 2023, and $4,122 in 2024.

Long Forecast

Here we can see a strong ETH pricing indication by Long Forecast. They predicted that Ethereum will close at $4,952 in 2021. The following year’s price will reach $15,740. However, the price will drop slightly to $14,792 in 2023. The following years will see a massive drop of $7,011 and $6,328 in 2024 and 2025.

Digital Coin Price

Another well-known site, Digital Coin Price, predicted that Ethereum will reach the $9,000 level by 2025. The price movement will be stable and consistently grow in the next four years. The predictions are $4,164 in 2021, $5,203 in 2022, $6,088 in 2023, $7,498 in 2024, and $9,002 in 2025.

Coin Price Forecast

Forecasting from Coin Price also shows stable growth for ETH over the next few years. Like Digital Coin Price, it shows consistent growth from 2021 through 2025. The year-end prices are: $4,411 in 2021, $5,993 in 2022, $8,662 in 2023, $8,646 in 2024, and $8,921 in 2025.

All of the crypto experts have the same opinion about Ethereum’s cryptocurrency — it should have a bright future.

Why You Need to Buy Ethereum Now

With such a large growth opportunity, it is quite obvious that you are thinking, should I buy Ethereum now? Here are the top reasons you should buy Ethereum today.

  • Usability: Ethereum is a better technology than Bitcoin with more development scope under one network. The strong accessibility makes Ethereum more suitable for businesses than Bitcoin.
  • Strong Backups: The digital asset has strong backing from Fortune 500 companies. The latest news shows that the blockchain has support from Microsoft, Intel, and J.P. Morgan. The efficiency and smart contract feature of the blockchain make it a perfect choice. 
  • Adoption: Many financial institutions are adopting Ethereum by incorporating digital assets. Even Bank of America is trying out the promising applications of the Ethereum blockchain over other assets.

A Quick Review of Automated ETH Trading at Obolon9

You can trade Ethereum at any traditional cryptocurrency exchange. But, if you want more control over your trading operation, you can try the automated crypto trading system Obolon9. Here’s a quick way to start trading Ethereum at Obolon9:

  • Start by creating a name for your scenario. The name should include your purpose for trading and the related digital currencies. 
  • Then, select a trading scenario. There are multiple trading scenarios preloaded inside the Obolon9 crypto trading system. The system also allows you to customize or import scenarios from other sources like TradingView. 
  • The next step is to choose the trading platform and the assets you want to trade. 
  • The platform will ask you to set your parameters. Find the API keys for the trading platform. You can also use the API keys to update profiles. Next, set other parameters like time intervals. When you set the parameters, the automated tool will automatically trigger trades using the numbers you provided.
  • Finally, use the “Save and Run” button to complete your setup. Now you can start trading with Obolon9.

Final Thoughts

To sum up, Ethereum brings good investment opportunities, such as usability and strong backups, for digital currency investors. The project has no censorship and is backed by top institutions. At the same time, top crypto forecasting sites are showing large growth opportunities for ETH in the next four years. 

With such Ethereum projections, it’s wise to use the right platform to make maximum profit from future ETH price movements. Since Obolon9 is a trading system with in-built scenarios for performing customized trading operations, you can try it and improve your trading performance. The Obolon9 system offers a free trial period so you can decide whether it’s right for you.

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