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    Crypto Currency Markets Weekly Discussion Megathread - March 6, 2022 (GMT+0)

    Crypto Currency Markets Weekly Discussion Megathread - March 6, 2022 (GMT+0)


    Weekly Discussion Megathread - March 6, 2022 (GMT+0)

    Posted: 06 Mar 2022 06:00 AM PST

    Welcome to the r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:


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    • Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions.

    • Breaking news or other important content should be submitted as a separate post.

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    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
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    Ethereum Fees See Massive Drop on Layer-2s as a Transaction Now Costs Less Than $0.1

    Posted: 07 Mar 2022 12:03 AM PST

    Bitcoin Statement from Apple Founder Steve Wozniak: “Pure Gold!”

    Posted: 06 Mar 2022 08:51 AM PST

    Google Trends data reveals that no one cares about the metaverse or NFTs in 2022 | Curated…

    Posted: 06 Mar 2022 08:52 PM PST

    Looking for a good platform for crypto signals

    Posted: 07 Mar 2022 02:20 AM PST

    Hey guys,

    I've just started trading in the last couple weeks. I'm really drawn to technical analysis, I feel like I can spend hours figuring out how to use various indicators on TradingView and not even notice the time go by. And I have a good instinct for sensing when we're in a Dip.. and yet I only made $70 profit so far on the $1900 I put into trading accounts to buy the dip this last time (4 days ago).. part of it was not having a good feel for the Bitcoin-altcoin cycle, part of it was rookie mistakes like Fomo-buying Loopring

    Anyway I should've done better, and when the next dip comes I think I will

    But I'm definitely very green and very new to all this

    So I'm thinking of taking the $70 bucks I just made and signing up for a crypto trading signals Telegram channel, as a shortcut to greater returns

    Can you guys recommend some legit ones, with decent levels of accuracy?

    Thanks in advance.

    submitted by /u/EnaGrimm
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    Bitcoin heading to 36K amid warning global stocks look expensive – Analysis

    Posted: 06 Mar 2022 10:41 PM PST

    To avoid penalties on Russia, the EU is attempting to prohibit the usage of cryptocurrency

    Posted: 06 Mar 2022 09:07 PM PST

    As the EU tightens its enforcement of the financial penalties imposed on Moscow last week, it is exploring new steps to guarantee that digital assets are not exploited to evade sanctions. Officials said EU finance ministers and other officials examined the potential of cryptocurrency being used to dodge sanctions in a video conference call on Wednesday.

    Crypto transactions might become a back door for transferring money to and from Russia. Many prominent cryptocurrency exchanges, including those situated in offshore countries, have committed to comply with current restrictions, but have opposed demands for a total prohibition on trading with Russia. Broad limits, according to some exchanges, would harm regular Russians and go against the libertarian ideal that cryptocurrencies were founded on.

    With the volatility the recent news are causing, I keep buying into as many projects as I can, I am focusing on the DeFi part of crypto since I really like the decentralisation of crypto, my last investment was in $AGFI and $CAKE. What's your latest strategy in today's market?

    submitted by /u/HoneyMean5540
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    How Decentralized Finance (DeFi) Could Reshape Banking

    Posted: 06 Mar 2022 08:52 PM PST

    FTX crypto exchange announces push into Europe

    Posted: 07 Mar 2022 01:20 AM PST

    BTC is Looking Bullish

    Posted: 06 Mar 2022 05:14 PM PST

    https://twitter.com/cryptonautsz/status/1500630613736538114/photo/1

    It seems like there is very low ask-side liquidity compared to bid-side liquidity, according to the order book. This is exactly what happened before the last spike over 40K, so it looks like now is a great time to place spot orders. What does everyone else think?

    submitted by /u/expectedsarsa
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    Top 3 Crypto to buy in March 2022

    Posted: 07 Mar 2022 02:24 AM PST

    Crypto projects that address real-world issues while also being environmentally friendly will usher in a revolution.

    Posted: 06 Mar 2022 07:17 PM PST

    The global cryptocurrency ecosystem is exploding at an alarming rate. The true economic and social potential of decentralised platforms is becoming clear to an increasing number of people. To name a few, the crypto market now has a plethora of revolutionary platforms that have enabled users to solve a variety of real-world problems in areas such as digital finance, healthcare, artificial intelligence, and Web3.

    I believe there is a ripple effect (CRYPTO:XRP). Because it does not require mining or proof of work, Ripple claims to be one of the most environmentally friendly currencies on the market. By 2030, it also intends to be carbon-neutral. To keep itself secure, Ripple employs a consensus model that requires each transaction to be approved by a group of trusted validators. To keep itself secure, Ripple employs a consensus model that requires each transaction to be approved by a group of trusted validators. Ripple started with 100 billion coins and will gradually release them to the market, eliminating the need to mine new coins.

    When looking for altcoins with long-term viability, look for projects with compelling use cases, significant collaborations, and a strong leadership team. Always remember to do your own research, but I've been following along with this amazing project:

    People are drawn to cause-based projects, also known as utility-based tokens in the crypto world, as bitcoin usage grows. Bob Eco Coin, the first of its kind in the electric car industry, is one such concept to keep an eye on. It's the first time a for-profit social enterprise has been tokenized anywhere in the world. It's a type of security token that's both asset and equity backed.

    submitted by /u/Key_Caterpillar_702
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    The Free-Market Fallacy

    Posted: 06 Mar 2022 08:57 PM PST

    On the Ups and Downs of Bitcoin Price. Don't let them change your long-term vision.

    Posted: 06 Mar 2022 09:26 AM PST

    Scammer website example. All links redirect you to put in mnemonic.

    Posted: 06 Mar 2022 11:12 PM PST

    US Virginia Senate allows state banks to offer crypto custody services

    Posted: 06 Mar 2022 10:40 PM PST

    USDAO Stablecoin in the town have a look!!

    Posted: 07 Mar 2022 02:17 AM PST

    Evmos Network Upgrade Fails – What Will The Team Do Next?

    Posted: 07 Mar 2022 02:14 AM PST

    Cryptocurrencies serve as a refuge for many residents of Russia, says CEO of Coinbase

    Posted: 07 Mar 2022 01:16 AM PST

    Impermanent loss challenges the claim that DeFi is the future of France

    Posted: 07 Mar 2022 12:32 AM PST

    Ethereum's 'Billionaire' Addresses Have Accumulated 2.2% More of the Supply Over the Past 6 Months

    Posted: 07 Mar 2022 12:24 AM PST

    WMA: Bitcoin Struggles at $40,000 as Most Altcoins Bleed Slightly

    Posted: 06 Mar 2022 10:58 AM PST

    Project Called Fries DAO Raises $5.4 Million to Purchase Fast-Food Restaurants

    Posted: 06 Mar 2022 11:50 PM PST

    The concept of leveraging a decentralized autonomous organization (DAO) has become very popular these days, as a myriad of DAO ideas have been created. A new DAO dedicated to purchasing fast-food restaurants called Fries DAO has raised more than $5.4 million to achieve the goal.

    Last week, a newly launched DAO that is attempting to purchase the NFL's Denver Broncos football franchise for $4 billion. Ever since 2016's Genesis DAO and the subsequent hack that followed, DAO concepts have grown in popularity and security seems stronger.

    Basically, a DAO is automated, decentralized, and operated by the community's blockchain governance system. A DAO's native token is typically leveraged to be used as a stake in governance voting processes, and for paying for goods, services, and future goals.

    A newly launched DAO called Fries DAO is attempting to leverage the DAO idea to purchase fast food properties. The project describes itself as a "decentralized social experiment where a crypto community builds and governs a fast-food franchise empire."

    The DAO has raised more than $5.4 million and FRIES tokens will be utilized for governance. After forming a treasury, the project distributed FRIES tokens to participants. The DAO plans to "negotiate with franchise owners and brands to buy well-known fast food stores using the Fries DAO community treasury."

    The fact that power now belongs to the people is awesome. People can come together to own things. People can use decentralized exchanges like fomodex.io to buy tokens without jumping through hoops.

    submitted by /u/Ok_Yellow2907
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    I scraped Reddit for the top ticker mentions in the last 24H. Here are the results (Monday March 07, 2022)

    Posted: 06 Mar 2022 11:15 PM PST

    Data source credits: Memeberg Terminal. For realtime mention counts and to see the specific comments people made about a ticker instead of just aggregate numbers, visit the source of this data @ https://memebergterminal.com

    Ticker Company # Mentions (24H) Percent Change (24H) Mentions and Charts
    BTC Bitcoin 426 39.22 See Specific Mentions
    ETH Ethereum 241 14.76 See Specific Mentions
    FTM Fantom 156 2500.00 See Specific Mentions
    ADA Cardano 91 42.19 See Specific Mentions
    DOT Polkadot 61 69.44 See Specific Mentions
    ATOM Cosmos 54 14.89 See Specific Mentions
    LRC Loopring 44 0.00 See Specific Mentions
    ONE Harmony 42 90.91 See Specific Mentions
    ICP Internet Computer 40 150.00 See Specific Mentions
    LUNA Terra 31 3.33 See Specific Mentions
    YFI yearn.finance 31 0.00 See Specific Mentions
    DYOR DYOR Token 30 30.43 See Specific Mentions
    CRO Cronos 27 -38.64 See Specific Mentions
    ALGO Algorand 26 -10.34 See Specific Mentions
    UST TerraUSD 26 18.18 See Specific Mentions
    CKB Nervos Network 25 0.00 See Specific Mentions
    VET VeChain 24 20.00 See Specific Mentions
    USDC USD Coin 22 -21.43 See Specific Mentions
    POS Poseidon Token 22 144.44 See Specific Mentions
    BAN Banano 20 566.67 See Specific Mentions
    MATIC Polygon 20 -16.67 See Specific Mentions
    submitted by /u/CurrentPangolin
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