Arbitrum Airdrop Confirmed!
March 18, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Arbitrum
(Source: Kucoin BTC/USDT))
BTC is currently trading at around $23,450, which is roughly around the level that we have consolidated at for the past week after BTC rejected $2,500.
On the daily chart, we are currently right in the middle of our immediate resistance level of $24.2k and above our 50-day moving average (blue), which makes me sense that we could be seeing a meeting point between the 50-day moving average and our price action very soon.
This would cause us to use the 50-day moving average line as an immediate level of support in the short term as BTC decides in which direction to go from this middle point.
As of now, BTC is still making higher highs and lower lows on the daily chart, and a bounce from a meeting between our candlesticks and our 50-day moving average could result in us seeing more upside as BTC returns back between $24k and $25k.
So far, our relative strength index has also stabilized just above our 50-point mark, putting us in a position to justify a more healthy upside if we do decide to make an upward movement.
Overall, the daily chart is not giving us too much of a clear direction this week, but we do know that we are still above both our 50-day and 200-day moving averages; thus, there is a higher chance that we are still in an upward trend, but that is only if we are looking solely at the daily chart.
(Source: Kucoin BTC/USDT))
As for our weekly chart, we can see that we are clearly below our 50-day moving average and that we are below our 200-day moving average as well.
As many investors may just be watching the daily chart, observing the weekly chart does seem like we are heading for continued downward pressure, which could push us back down to around $20k to $21.6k within the next few weeks if BTC fails to bounce from our current level.
The weekly chart does actually help investors and traders make more informed decisions over a longer period of time, and for swing traders, they prefer to use a longer time frame to help with their trades as well, which explains why the weekly chart may have more priority compared to a shorter time frame.
Weekly charts provide a broader and more significant view of the market trend because they cover a longer time frame. Because of this, weekly charts are excellent for identifying longer-term trends as well as significant support and resistance levels that may not be visible on a daily chart. Daily charts are significantly more affected by market noise caused by intraday volatility, news releases, and other events that can distort the trend compared to the weekly chart. The weekly chart also provides a more consistent view of the market by smoothing out these fluctuations, making it easier to identify consistent trends and patterns.
Keeping this in mind, it would be wise to be cautious for a return back down to our lower $20k levels in the near future, unless BTC is able to cross back above our 50 day moving average on the weekly chart and return back to $25k on our daily chart. Otherwise, we are sided more to the downside.
(Source: @hildobby on Dune Analytics)
No doubt about it, Blur has been doing an absolutely phenomenal job at leading the entire NFT marketplace sector in the past few weeks and months, especially in anticipation for the recent airdrop that Blur dropped back last month.
For almost all of 2022, Blur has overtaken OpenSea in terms of daily trading volume, showing exponential growth in the month of February with a very significant gap in data between Blur and OpenSea.
The question is: will we see a continuation of Blur leading the entire NFT industry, or is the only reason we are seeing a comeback for NFTs due to Blur’s airdrop hype and its continuous strategy to release different seasons of airdrops over time with more difficult requirements?
From February 14th to the 22nd, we have seen Blur’s volume skyrocket to a height of about $115 million in trading volume in a single day; however, it seems like each day after the 22nd, we are seeing a gradual decline in trading volume for both the Blur marketplace and the entire NFT marketplace sector in general, but of course, Blur’s is shown to have the most drastic level of change.
Blur community members and NFT enthusiasts know that there will be a second season of airdrops sometime in April; however, requirements will be much harder as there are now a whole lot of eyes on the Blur marketplace and the competition is high. Sources predict that it will be twice to ten times harder to earn points in this season of airdrops.
But if this is the case and more and more eyes are on Blur, why would the NFT trading volume on Blur be seeing a slowdown over the past couple of days after the 22nd of February? Could it be that traders were only propping up Blur’s numbers in hopes of getting an airdrop for February’s airdrop? Or could it be that Blur’s volume is taking a breather before we see even more growth in transaction volume and count in anticipation for season 2 rewards?
We are finally in March, which means that the developers over at Ethereum are preparing to launch the Goerli Test Network on the Shanghai upgrade, which would allow for the withdrawal of staked ETH from Ethereum.
This will be an important event to watch out for because it is possible that it could be a catalyst for some selling pressure on Ethereum in March, which would also ultimately affect the entire crypto market, albeit only in the short term.
However, back when Eth2.0 was announced and people could start to participate in block validation, people and investors had to lock up 32 ETH in order to do this. This means that investors have been unable to access their 32 ETH tokens for the past two years due to crypto mania and bear market harshness.
Now that we are moving into the stage where the Shanghai hard fork will almost reach its mainnet, we will see these locked-up ETH being unlocked for stakers to reap their rewards and get back their 32 ETH tokens. And for those who wished to have sold within the past 2 years, they can finally do so now or continue to hodl.
If we see a situation where several investors unlock and sell off their 32 ETH, then we could see some short-term price action to the downside, which would drag down the altcoin markets.
(Source: Ethereum Rainbow Chart Blockchain Center Net)
Luckily for us, Ethereum is still considered to be in its “fire sale” trading area on the Ethereum rainbow chart.
This level is the lowest, which would indicate that we have so much more upside to see than downside to see in the near future. However, that is not to say that a black swan event couldn’t push us down into the white section, as we saw back in March of 2020.
If I were just unstaking and getting a hold back of my ETH in the next few months, then I would just be holding my ETH for the long term and continuing to explore various staking methods on liquid staking solutions and on the ETH network, especially after seeing where we are on a logarithmic chart for Ethereum.
March 18, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Arbitrum
March 17, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Could
March 14, 2023 Crypto Roundup (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) All
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Notice: Please, read this Privacy Notice carefully and in addition to the Terms and Conditions to understand our practices regarding the information that may be considered personal. If you do not wish for your personal information to be used in the manner described herein, you should not access our Site and all subdomains thereof, utilise our Services, participate in the offering of our tokens or otherwise provide Hector Network with your information which may be considered personal.
Please ensure that any relevant individuals are made aware of this Privacy Notice prior to providing their information to us or us obtaining their information from another source. In such a case, you or they must first ensure that you or they have the authority and appropriate legal basis to do so.
We do not knowingly collect or ask for data, including personal information, from people under the age of 18. If you are such a person, please do not use our Service or send us your data. Otherwise be informed that we erase such data the moment we learn it is collected from a person under the age of 18.
The administrator of our Site, provider of the Services and thus controller of your personal information processed in connection for purposes described hereinbelow is Hector Enterprise Inc.
Registered office: Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands
We will usually respond to all legitimate enquiries within 30 days. Occasionally it may take us longer if your request is particularly complex or you have made numerous requests. We will notify you and keep you updated.
‘Personal information’ is any information that, either alone or in combination with other data, enables an individual to be directly or indirectly identified (for example, name, email address, contact details, or any unique identifier such as an internet protocol address (‘IP address’), device ID or other online identifier).
We may collect the following basic personal information from you:
You can choose how Cookies are handled by your device through your browser or through our cookie banner, including refusing or deleting all Cookies. If you choose to receive no Cookies at any time, websites may not function properly and certain services may not be provided. Each browser and device is different, so check the settings menu of the browser or device you are using to learn how to change your advertising settings and Cookie preferences.
We may receive information about you from other sources, including third parties that can lawfully share the information with us and help us update, expand, and analyse our records, prevent or detect fraud or other suspicious activities and process payments. In addition, our Site may also include integrated content or links to content provided by third parties (such as live chat, social media content, plug-ins and applications).
Please be informed that we do not process special categories of personal data (such biometric data, data concerning health, racial or ethnic origin, political opinions, etc.).
We do not use either automated decision-making or profiling in terms of your personal information you provide to us.
We may use the information gathered primarily for the following purposes:
We may also use the information we collect:
We retain the information we collect for no longer than is reasonably necessary to fulfil the above purposes and to comply with our legal obligations.
Your personal information as described above is processed by us on a basis of the following legal grounds:
Taking steps prior to entering into a contract and necessity for performance of a contract with you – We may need to collect and use your personal information in order to enter into a contract with you or to perform a contract that you have with us, for example, when you provide personal information to us in order to purchase our tokens, if necessary for such purchase.
In such a case, the provision of your data is necessary in order to enter into a contract and also a contractual requirement as without such data we are not able to enter into a contract with you.
Compliance with legal obligations – We may process your personal information as may be required by respective legal or regulatory obligations that may apply to us.
In this case, the provision of your data is a statutory requirement without which we are not able to comply with our legal obligations.
Our legitimate interests – We may use your personal information for our legitimate interests to improve our Services, thus maintain and develop our business activities as well as to protect and enforce our or third party’s rights, if necessary.
Please be informed that you have the right at any time to object to the processing of your personal information which is based on our or third party’s legitimate interest.
Your consent – We send to you direct marketing e-mails upon your previous consent. Each such e-mail also contains a link that allows you to opt-out from receiving such e-mails, update your contact information or change your preferences at any time.
To withdraw any consent to processing your personal information, please use our electronic form or by clicking on a link provided in every e-mail sent to you to unsubscribe from such marketing electronic communication.
We may disclose information:
Important note: We do not sell, rent, or otherwise share personal information that reasonably identifies you or your organisation with unaffiliated entities for their independent use except as expressly described in this Privacy Notice or with your prior separate consent. We may share information that does not reasonably identify you or your organisation as permitted by applicable law.
When you voluntarily make your personal information available online in our environment shared by third parties (for example, on messaging applications, social media, message boards, web logs, or emails), that personal information may be viewed, saved, collected, heard, used and/or shared by third parties outside of Hector Network. We are not responsible for any unauthorised third party using such information. Please be mindful whenever you share any information in such environments.
Our Site may include integrated content or links to third parties’ content (for example, social media content, plug-ins and applications, video materials, etc.) which are governed by the third parties’ privacy settings and policies, which may differ from this Privacy Notice. This Privacy Notice does not address, and we are not responsible for or able to control, the privacy, security, or other practices of such third parties.
We deploy organisational, technical and physical safeguards designed to protect the information that we collect. This includes, when required or appropriate and feasible, obtaining written assurances from third parties that may access your personal information that they will protect the information with safeguards designed to provide a level of protection equivalent to that adopted by Hector Network.
We may store the information we collect on our servers both cloud-based or in servers located in countries where we or our service providers have facilities. Therefore, we may transfer information to countries outside of your country of residence which may include countries outside the EU member states.
Please note that if you are the EU citizen and provide us with your personal information, it may then be transferred for the purposes stated herein to third countries outside the EU/EEA under conditions set in this Privacy Notice and you consent to this by using our Site or Services.
You have the right to withdraw your consent at any time, without affecting the lawfulness of processing based on consent before its withdrawal. Therefore, the marketing e-mails we send to you include the opt-out link for you to unsubscribe from receiving such communication (as well as update your contact information). We will honour your choice and without delay refrain from sending you such e-mails.
Under local law, you may have certain rights regarding processing of your personal information, in particular, you have the right to request: (i) access to your personal information, (ii) rectification or erasure of your personal information, (iii) restriction of processing concerning you, (iv) objection to processing that is based upon our legitimate interests (as already stated above), and (v) data portability to other service providers.
We are committed to working with you to obtain a fair resolution of any complaint or concern about your privacy. If, however, you believe that we have not been able to assist with your complaint or concern, you may have the right to lodge a complaint with a respective supervisory data protection authority, as applicable, in your jurisdiction.
If you would like to contact us, please use the methods stated above.
Your ability to exercise these rights will depend on a number of factors and, in some instances, we will not be able to comply with your request, for example because we have legitimate grounds for not doing so or where the right doesn’t apply to the particular information we hold on you. Where so entitled to access to your personal information, you will not have to pay a fee unless your request is clearly unfounded, repetitive or excessive (upon which we may charge a reasonable fee or refuse to comply with your request). If you would like to discuss or exercise the rights you may have, you can contact us through the methods stated above.
Please keep us informed if your personal information changes whilst we continue to retain such information. We encourage you to contact us to update or correct your information if it changes or if you believe that any information that we have collected about you is inaccurate or out of date.
We may update this Privacy Notice from time to time and we encourage you to periodically review this Privacy Notice. If we make any material changes to this Privacy Notice regarding the way we collect, use, and/or share the personal information that you have provided, we will notify you by posting notice of the changes on the Site or, if we hold your email address, by email.
The use of certain of our Services may also be governed by other applicable terms and policies regarding privacy and the sharing of personal information, which supplement, and should be reviewed alongside, this Privacy Notice.
Unless otherwise defined in this Privacy Notice, terms used have the same meaning as in the Terms and Conditions.
Effective Date: 10 May 2022
This disclaimer (the “Disclaimer”) explains the terms and conditions governing your access to the https://hector.network/ website (the “Site”) and/or our services as described on the Site (the “Services”; unless the context provides otherwise, the Services shall be deemed to include the Site). This Disclaimer, together with the Terms and Conditions (the “Terms”), forms a binding legal agreement between you and Hector Enterprise Inc., with its registered office at Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands (“Hector Network” or “we” or “our” and its derivatives).
You must read this Disclaimer carefully. By accessing the Site and/or using the Services, you signify that you have read, understand and agree to be bound by this Disclaimer in its entirety and understand the risks related to the Services and crypto-assets in general. You agree to comply with this Disclaimer even if our methods to prevent the use of the Services are not effective or can be bypassed. If you do not agree with anything in this Disclaimer, you may not use the Services. We may implement controls to restrict access to the Services from any jurisdiction or persons prohibited pursuant to this Disclaimer.
You agree to indemnify and hold Hector Network harmless from any losses, costs, liabilities and expenses (including legal fees) relating to or arising out of: (a) your use of, or inability to use, the Services; (b) your violation of this Disclaimer or the Terms; (c) your violation of any rights of another party, including but not limited to any other users of the Services; or (d) your violation of any applicable laws.
Hector Network may, at its own discretion, assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you shall fully cooperate with Hector Network in asserting any available defenses. This provision does not require you to indemnify Hector Network for any fraud, gross negligence, or willful misconduct of Hector Network.
You confirm that you fully understand that (i) our crypto products and related services are unregulated and can be highly risky; (ii) there may be no regulatory recourse for any loss from crypto-related transactions; (iii) investment in crypto-assets or similar products carries a high risk, may not be suitable for retail investors and the entire amount invested may be lost.
Hector Network is not a bank, securities firm, financial institution, financial services provider or provider of similar services and does not provide investment, tax or financial advice, financial services or consulting services to users of the Services. We are solely the provider of the Services. Your logged digital assets are not covered by insurance against losses or subject to any deposit insurance schemes or protections.
You understand that you are solely responsible for any tax reporting and payment, levies or similar duties applying to you in relation to your use of the Services (including but not limited to your purchase and/or sale of any digital assets) and you agree to hold us harmless and indemnify us for any tax-related obligations applicable to you in relation to your use of the Services.
You may not use the Services if you are located in, or are a citizen or resident of any state, country, territory or other jurisdiction where your use of the Services would be illegal or where your use of the Services would amount to any violation of any applicable law either by you or by Hector Network, which is your obligation to check before using the Services, including but not limited to:
any jurisdiction for which the Services, or any offer or solicitation in respect of the Services, would require registration or licensing or otherwise would be unlawful.
The Services are also not available to any person who is the subject of economic or financial sanctions or trade embargoes administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control (OFAC) or the U.S. Department of State or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom; or (c) any other relevant sanctions authority (“Sanctions”) or is organized or resident in a country or territory that is the subject of country-wide or territory-wide Sanctions.
The information on this page and all other pages owned, operated by, or related to Hector are for educational purposes only and do not constitute any sort of advice. Cryptocurrencies, NFTs and other blockchain offerings are unregulated assets and users should do extensive research into how they work, the potential risks and the tax liability of owning them in their native regions. Users should carefully read all the documents above before accepting.