Bôto Bilionário

FOLLOW THE RADAR. Anyone who doesn't go into the sea can't cry that they missed the opportunity to surf the best waves! Just like any other aspect of our lives, events are cyclical. New things always cause surprise and then leave many regretting not having entered sooner. Trust the broker.

Good morning my billionaires, how are you?

Quick game here about COIN FARMING.

Binance offers the Lauchpad option on its platform, which is nothing more than a coin launch platform. I will explain how it works.

Before being launched, projects raise resources through this Launchpad and redistribute part of their products to you because you are supporting them.

The current currency is MEME, an initiative by 9GAG, very famous for memes and viral content since the 2010s.

I myself am participating and collecting some MEME coins before the launch, which is scheduled for NOV 3/2023.

On the platform you need to reserve an amount in USD (BUSD/FUSD) so that they can work this money so that you can receive part of the production.

Positive points: Guaranteed return for the coins collected. There is no risk of loss because the money invested has immediate liquidity and can be withdrawn at any time without market variations.

Negative points: uncertainty in the value of the coins collected (the MEME coin, for example, could be worth a lot or a little, we don't know) and the time invested could be used in other applications (with losses or profits). So from a negative point I conclude that it is the uncertainties

So, what do you think of LauchPad, did you already know it?

Part 2 - About Market Capitalization. Example from this same week.

See how having a quantity of coins in your possession changes their value and consequently their capitalization.

Pepe is a memecoin: trading pairs that are created by inspiration from internet memes without a properly established function, made for highly volatile trade negotiations due to speculation.

This week, the holders of the largest amount of this token “burned”, that is, they isolated around 10% of the total available from the market.

Why did they do that?

Simply because they can... remember, whoever has the currency in their hand can say how much it is worth and “isolate”/burn the currency, making it become more scarce and increasing its price and consequently the Market Capitalization of the currency.

Remember the history of Brazil where coffee stocks were burned with the intention of increasing its price and correcting inflation in the economy? With memecoins it is even easier to do this type of market manipulation.

Latam Gateway is the facilitator of this collaboration: Nuuvem, a prominent Brazilian gaming distributor, has joined forces with Binance, the world's largest cryptocurrency broker, to offer players a unique experience. Source: LatamGateway website just Google it.

Have you noticed Latam's CNPJ when making pix here for Binance?

We have the impression that cryptocurrencies are far from commercial practice because we rarely see them in our daily lives, but pay attention to the signs. Binance posted about the Nuuvem platform, familiar with the sky and plane, right? How long will it take for these games to be available on Latam flights?

Let's talk about Market Capitalization and how to evaluate this data when choosing a cryptocurrency to invest in.

To know the market capitalization of a currency, it is necessary to keep in mind that there is an exact number of currencies in circulation. Each unit of this currency is given a price, and multiplying the total number of currencies in circulation we will have the market value of the asset.

Ok... you already understand that to know if any currency has value you need to know how much of it is available in the world and based on a basic law of economics (supply and demand) we conclude that the more units of that currency we have in the world, the cheaper it tends to be. to be.

Rare is always more expensive.

Alright Bôto, now show me how to discover this in practice:

1st To put this into practice, we must be aware that cryptocurrencies are being produced (mined).

Even $BTC didn't reach its total. Today there are around 19.5 M BTC in circulation, when we know that the pre-defined total limit is 21 M.

The 2nd point to keep in mind is that whoever has the coin can say how much it is worth, after all, you want to buy it because it has some value, right? So when this total of coins reaches 100%, a greater appreciation is expected after all: production has stopped and only what is on the table is at stake.

Of course, the market will adjust and new currencies will emerge, but not for their unit value, but for the associated services; for example, a store that accepts $XRP or $ETH in its payments makes these currencies appreciate in value.

To conclude this first part, I summarize a moral here: new coins, recently launched, may seem cheap in price, and this makes you believe that you have a large number of them. But in comparison to the number of them on the market, could you say how much % of their launch they achieved? 100%? 95%? 50%?

I'll show you this in the next post - PART 2

FOLLOW BÔTO RADAR

FOLLOW THE RADAR! To the good cheer of many, we closed the Bullish week with the bitcoin ETF news. $MATIC (polygon) from the Ethereum network bringing +5.55% to whoever was positioned this week. $XRP is also going up and leaves us watching for greater stability in its variation, but with few fundamentals for the long term.

Great weekend everyone.

Remember the market rule: DYOR

Let's talk about $XRP which is the native digital currency of the Ripple platform, which is a distributed database-based global payment and remittance system. Among the important partnerships, companies that use this system include Travelex from the United Kingdom, BeeTech from Brazil, in addition to SBI Remit from Japan.

Despite the functioning network, what makes XRP a poorly fulfilled promise is its management. Ripple itself would have increased the volume of its stock and would have sold units of the currency on the market as a means of financing new projects – the greater the supply of the currency, the lower the sales price of each unit will tend to be.

Moving a lot of volume and being the 3rd currency with the most capital behind $BTC and $ETH , XRP could be the company that is here to stay and establish the crypto exchange network or melt and leave only memories.

What is your opinion?

$LOOM once again showing that volume is life... the whales left the sardines watching ships after withdrawing their profits!

They are making Binance a casino…

To those unaware, beware! Smallcaps will always be small!

Worth the trade but not worth the long term.

It will turn to dust

FOLLOW THE RADAR - Boto Billionário - This week with special emphasis on the news released for $XRP and $MATIC. The operator Derebit announced that it will trade the coins for its customers. The importance of this news is because it strengthens the solidity that we increasingly need.

When coins are chosen by companies, this shows that they are more reliable.

The market operates #bearish , which could be an opportunity to buy at low prices with a view to long-term appreciation!

Hugs and follow for more!

FOLLOW THE RADAR - Boto Billionaire

$CAKE showed a positive change of +1.20% this week - the DeFi blockchain application currency has been showing strength.

$SHIB , the great opportunity of the moment, awaits a scenario of greater liquidity. There was a downgrade of -1.20% this week.

$ALICE in finance linked to the#gamessector in view of the current scenario presented a downgrade of -4.70% this week