The most noteworthy top gainer last week was Virtuals Protocol, which gained 81.44%. The second and third highest gainers were Aave (AAVE) and Ondo (ONDO), with gains of 40.80% and 30.59%, respectively.
The total global crypto market cap is $3.69 trillion, up 1.65% compared to last week, with Bitcoin dominance at approximately 56.1%. The Fear & Greed Index currently stands at 80 (Extreme greed).
Weekly Market Update - 9.12.2024 Is $SUI the real $SOL killer?
Bitcoin ($BTC ) is trading at $100,000 Ethereum ($ETH) is trading at $4,000
The most noteworthy top gainer last week was Mog Coin (MOG), which gained 65.23%. The second and third highest gainers were Bitget Token (BGB) and JasmyCoin (JASMY), with gains of 60.51% and 51.47%, respectively.
The total global crypto market cap is $3.63 trillion, up 5.83% compared to last week, with Bitcoin dominance at approximately 54.35%. The Fear & Greed Index currently stands at 83 (Extreme greed).
Why Should You Chose Smaller / Niche Market Maker for Your Crypto Project?
Having a market maker (MM) is no longer optional—it’s a necessity. Market makers play a vital role in ensuring liquidity, stabilizing token prices, and building confidence among traders and investors. However, choosing the right market maker can be challenging. While larger market makers may seem like the obvious choice due to their resources and reputation, they often come with trade-offs. A key issue lies in their operational model: 1. Tailored Focus on Your Project With a large base of clients to manage, big MMs often rely on heavily automated processes and standardized approaches, while smaller MMs take a hands-on approach to your project. They don’t put you on autopilot. Instead, they actively monitor, adjust, and align strategies with your project's unique needs, ensuring your token's health and performance remain a top priority. This dedicated focus often translates to better execution and long-term results. 2. Flexible and Transparent Pricing Models Many smaller MMs offer pricing models like a fixed-fee retainer, as opposed to a profit-sharing or "loan model." This distinction is crucial. With the loan model, MMs may prioritize liquidating tokens as soon as the price surpasses their predefined sell threshold, potentially dumping tokens and harming the market. A retainer model ensures alignment with your goals, promoting price stability and protecting your project's reputation. 3. No "Shark Terms" in Agreements Smaller MMs are often more approachable and willing to negotiate. They aim to create win-win partnerships rather than imposing rigid or one-sided terms. This flexibility makes it easier for you to establish a mutually beneficial relationship where both parties are equally invested in the project’s success. 4. Reduced Risk of Conflicts of Interest Larger MMs often serve multiple projects within the same niche, increasing the likelihood of conflicts of interest. For instance, if a big MM represents both AI Coin A and AI Coin B, one client could potentially influence market-making activities to harm the other. Smaller MMs typically have fewer clients, reducing such risks and ensuring their loyalty lies with your project alone. 5. Greater Involvement in Decision-Making With smaller MMs, you gain more influence over strategic decisions. Their collaborative approach allows you to have a direct say in how liquidity is managed, how trading strategies are implemented, and how your token is represented in the market. This ensures your vision and goals are fully aligned with their execution. Conclusion: Focus, Flexibility, and Fairness Choosing a smaller market maker like Orcabay means prioritizing focus, fairness, and flexibility over the impersonal, high-volume approach of larger firms. For projects that value close collaboration, transparent pricing, and dedicated support, smaller MMs can provide the tailored services needed to thrive in a competitive market. When selecting an MM, ask yourself: Do you want to be just another client on a long list, or do you want a partner committed to your success? A smaller or niche MM may be the answer.
Market making plays a pivotal role in financial ecosystems by ensuring liquidity and enabling smoother transactions. This function becomes even more critical in the volatile world of cryptocurrency. Let’s delve into how market making works and why it is a cornerstone of the crypto economy.
What Is Market Making? Market makers are the unsung heroes of crypto markets. They actively buy and sell tokens to ensure that traders can execute orders efficiently without causing significant price impacts. Their efforts stabilize the market, provide fluidity, and support seamless trading experiences. In essence, market makers facilitate price discovery, which is vital in the dynamic crypto market. By setting bid and ask prices, they reflect the current value of tokens, helping investors make informed decisions. Beyond this, market making boosts the visibility and attractiveness of tokens, especially during the critical price discovery phase of new listings. This visibility attracts more participants and investment, driving market growth. Why Liquidity Matters Liquidity is the lifeline of any token. It determines how easily assets can be traded without significant price fluctuations. High liquidity: Attracts more investors.Reduces slippage during trades.Contributes to a more vibrant and stable market. Market makers employ advanced algorithms and low-latency systems, providing a competitive edge in executing trades. This ensures order book depth and minimizes market impact. Moreover, effective market-making reduces arbitrage opportunities, maintaining fair and consistent pricing across trading platforms—an essential factor for market trust.
The Role of DeFi in Market Making The evolution of decentralized finance (DeFi) has added new dimensions to market making. With the rise of liquidity pools and automated market-making protocols, participation and access have expanded. In these innovative ecosystems, market makers remain integral, ensuring efficient and fair trading environments. Market Making for Different Stakeholders For Token Issuers: Market making helps token issuers achieve critical goals: Listing on various exchanges.Providing liquidity to order books.Boosting trading volumes. By eliminating arbitrage opportunities and ensuring stable pricing, market making also supports token growth while generating profits.
For Exchanges: Market makers are essential for exchanges to maintain a liquid market. By consistently posting bid and ask orders, they: Enable seamless buying and selling for participants.Reduce slippage, attracting larger investors.Ensure competitive pricing, drawing in new traders and projects. For both leading and emerging centralized crypto exchanges, market makers create stable trading environments that foster growth.
Conclusion Market makers ensure a smooth trading experience for all participants. They are pivotal in driving liquidity, stability, and trust in the fast-paced world of crypto markets. Whether you're a token issuer or an exchange, leveraging effective market-making strategies is key to success. Have a question or want to know more? Reach out to us at [email protected]. Let’s make markets better together!
The Altcoin Season Index has reached 83, signaling that we may be entering an altcoin season. For context, the index measures whether 75% of the top 100 coins outperform Bitcoin over the last 90 days. A month ago, the index stood at 28, firmly indicating Bitcoin season. The shift in market dynamics is significant, with Bitcoin dominance falling by nearly 9% since November 21, and the altcoin market seeing increasing inflows.
This transition isn’t surprising. Over the past few months, Bitcoin has experienced a strong rally, largely driven by institutional demand and the anticipation of spot ETFs. However, the recent moves in the altcoin market suggest a redistribution of capital. XRP, for instance, added an astonishing $80 billion to its market cap in just a week, while other "dino" coins such as ADA, HBAR, IOTA, and LINK have also shown strong momentum.
Interestingly, it looks like the recent meme coin mania is cooling off as buyers shift toward other categories of altcoins. This could mark a more diversified focus among retail and institutional investors, with increasing interest in projects with more established use cases or potential for long-term growth.
The rise of altcoins often coincides with shifts in market sentiment. While Bitcoin remains the go-to for institutional investors, altcoins typically attract capital from retail investors seeking higher returns or those diversifying their portfolios.
Looking for a reliable market maker? Look no further: https://orcabay.io/ The information provided in this article is for informational purposes only and does not constitute an offer or solicitation to buy any cryptoassets or financial instruments linked to cryptoassets. It is not intended for distribution to or use by individuals in any country or jurisdiction where such actions would violate local laws or regulations. Additionally, the content of this article does not constitute investment advice, financial advice, trading advice, or any other form of advice, and it should not be treated as such. Orcabay does not recommend that any cryptocurrency be bought, sold, or held by you. Readers are encouraged to conduct their own due diligence and consult a financial advisor before making any investment decisions.