10 Potential Trends 2023 by EXCAVOPotential trends and my thoughts on the future
- 1. Increased Crypto Regulation
2. I'll start by explaining what L0, L1, L2, and L3 are:
L1 - Transactions
L2 - Closing problems of L1
L3 - Applications/Infrastructure for Applications
L0 - Cross-chain infrastructure
*L1 solution cannot be fast, scalable, and decentralized at the same time.
Protocols L1:
Ethereum (ETH)
Toncoin (TON)
Solana (SOL)
Near (NEAR)
New L1 Solutions :
Aptos
Sui
Canto
Fuel
Shardeum
Quai
Linera
Sei
Disadvantages of the New L1
ETH dominance
Past failures of "new" L1
Interest in LAYER L2 solutions
LAYER 2 - a protocol deployed on top of the main blockchain (Layer 1) is needed to increase the scalability of L2 - solutions are used for popular blockchain platforms with low bandwidth, such as Ethereum and Bitcoin
Pay attention to:
Arbitrum
Optimism
Polygon
zkSync
Fuel Labs
Advantages:
Ethereum is the most popular ecosystem
Developed infrastructure
Request for scaling
Disadvantages:
Risk of vulnerabilities
The problem of mass adoption
Key challenges:
Attraction of liquidity
Competition
Layer 0
Cosmos, Polkadot, Avalanche, Cardano
3 . Exchange tokens also remain interesting for market participants; some exchanges leave while others remain and they see opportunities for customer growth and platform development. I would like to highlight several exchanges that are now actively working to become top exchanges:
Okex
Bitget
Wootrade
If I missed any exchange, please write in the comments
4. For potential trends, pay attention to the simplification of financial interactions, new types of fundraising, DeFi of the second and third generations, WEB3 is not yet used in a large part of the cryptocurrency market. Remember something that was very hyped in the past but has not yet been transferred to a decentralized plane, such as with ICO/IDO like IPO, as as well as NFTs like Bearbrick and KAWS. Look for a super idea or potential fierce hype.
5. DeFi will continue to develop, and from the future leaders, I think there will be projects such as:
dYDX
Lido
Uniswap
Maker
Curve
Advantages:
Request for decentralization
Ecosystem support
High profitability in terms of business
Disadvantages:
Regulatory risks from the US
Higher entry threshold than CEX
Hacking attacks
Key challenges:
Stimulation systems
Competition
6. At the end of last year, I began to look very closely at the Chat GPT platform, of course, it made me look at what is happening and the future of the world in a different way. And a few days ago, a list of crypto projects related to AI (AI) was published:
coinmarketcap.com
dropstab.com
Many began to write about the potential trend in this direction at the next Bull Run. And this is certainly the case. Any trend starts like this. But I want to note that there are already plenty of projects working with Big Data - DYOR
7. Proof of Physical Work consensus
I wrote in a previous post
8. Wallets
Due to the mass distrust of centralized exchanges, wallets will gain popularity in this cycle, this hype will be facilitated by the release of the metamask token.
As for me, I use several cold wallets and I really like mobile phone wallets such as C98, Safepal, and Trustwallet.
9. Social media
Decentralized social networks are a potential new boom:
DeSo, Nation, Farcaster, Lens Protocol, Braintrust , and so on are some examples to look out for.
Centralized social networks
Potentially, each social network (Twitter, Facebook, Instagram, Telegram) will have a direct sending of cryptocurrencies. It looks like this, stablecoin issuers are already working on implementation. This will be the next trigger and stage of adoption, which will mark the new BullRun of the cryptocurrency market, after which we will see a global restructuring of the TOP 50
The main IT giants are Apple and Google - they have been preparing to enter the cryptocurrency market for 2 years. They will be able to take the cryptocurrency industry to the next level, but I think it will not be in this cycle
10. AAA Blockchain Games
....will continue to be developed
I communicate very well with the project team, see for yourself how cool it is
www.youtube.com
I will say more, I have already played the beta version
It is also important to note that all investments come with some level of risk and even the most promising projects and trends can have unforeseeable challenges and obstacles. It is always important to conduct a thorough analysis of any investment opportunity and understand the level of risk involved before making a decision. Never invest more than you can afford to lose and always be mindful of the long-term potential of any investment.
As a final note, it is also important to keep in mind the importance of regulations and compliance in the financial markets. The crypto and blockchain space is still largely unregulated and many projects and trends may fall foul of legal and regulatory requirements. It is important to stay up-to-date with any changes in laws and regulations in the countries you are operating or investing in.
I hope this information has been helpful in providing some context and guidance when it comes to trends and developments in the financial markets, and a deeper understanding of the crypto and blockchain space. Remember, it is essential to conduct your own research and make your own decisions based on your financial goals and risk tolerance.
If I missed any trend write it in the comments
Best regards EXCAVO
Trends
Proof of Physical Work consensusA new concept of Proof of Physical Work consensus
Proof of Physical Work protocol encapsulates real-world use cases.
The blockchain protocol rewards users for performing verifiable physical work like deploying a 5G hotspot etc.
As examples of similar projects
Wireless Network:
Hellium
Pollen mobile
Provide token rewards to participants (hotspot operators) to provide network coverage for IoT and 5G.
Mobility
Hivemapper
Dimo
This is a decentralized map built by participants using dashcams, while DIMO Network users can earn rewards for connecting a hardware device to their car and contributing that data to the network
Environmental:
PlanetWatch -is striving to build a global air quality monitoring network to identify pollution hotspots and the community members can earn rewards for their efforts.)
Weather
Compute & Storage
Filecoin
arweave
livepeer
RNDR
Filecoin boasts of a decentralized storage network. It provides a powerful source of low-cost distributed cloud storage, where contributors provide storage space on their machines and get rewarded in return. Arweave is similar to Filecoin in decentralized storage functionality, except that the former is focused on the problem of long-term data storage.
I think that a full-fledged category of this Proof of Physical work will appear soon, this is what is really needed for Web3.0, this is a real connection with the physical world. And the IoT (Internet of things) will move into this category - Proof of Physical work
MEGATRENDS Shaping the future (part 2)This is part two of what is changing the world for the future...
Last time we spoke about the first 4 Megatrends.
Electric Vehicles & Autonomous Driving
1. E-shopping & Drop Shipping
2. 3. AI & Machine learning
3. Online businesses
The next four MEGATRENDS are...
Metaverse
NFTS
Blockchain and Cryptos
Web 3.0
Mark Zuckerberg is beyond his years as he sees the future with the Metaverse to come (VR, AR and a combination of both)
IN the near future, many industries will apply the Metaverse to everyday including medical, education, entertainment, socialising, trading, meetings and even e-games and e-sports.
NFTs took off and flew in the first few months as artists, musicians and celebrities took advantage of buying and selling digital products for a purpose... I know NFTs have had a bad sour taste as the prices have crashed and there is less confidence but they'll be back and stronger than ever after the bubble. WHY? Because we have the infrastructure to do so.
Blockchain and Cryptos - Yes I know we are currently in a long winter with traders getting destroyed and investors losing all hope and confidence.
But this is all because of fear, greed, BAD management, over confidence in sh$$t coins and low regulations. Yes we need regulations unfortunately. It will take time, but they will come back and will shape the future.
Not just the coins but the technology and smart contracts to present opportunities for finance, commerce and investments.
Web 3.0 the internet has evolved from not being able to post or add onto the net to being able to do so. And now with Web 3.0 where people will create their own social platforms, banking systems, games, programmes without making the fat cats rich. There'll be less intermediaries where YOU will have the true power too run and profit from.
Timon
MATI Trader
A small update about ETHIn the graph I have drawn and described the lines describing price and volume trends and their relationship to understand what's going on.
First thing I noticed the peak of volume happens in the mid of the leg down, and went to 0 meaning sell pressure gone and after that a correction to 1300 happened.
Right now the price is consolidating at 1250, but by the small trends being created by PA and volume we can see how the correction behaved similarly to the dump that caused it.
After that, small area of indecision I have highlighted with a cyan circle.
Now the latest thing to notice is price making lower highs and lows, with the volume beginning to increase again + I have glighlighted in red a confirmation by volume and price and their trends, I have explained in graph.
We're in for a second drop soon.
Turkey day massacre Followed by NYE SlaughterI have been talking about this for a while. Mentioned it in a few videos and other charts I've posted. I really thought someone else by now would have posted something better and more detailed and i was going to say "yeah that's what I've been saying" since that never happened, I'll try a little bit harder to get my WARNING out.
Just look at what played out and how we are repeating all of it. Big differences to notice are THEY have way MORE ammo and ways to crash us. So many black swans just all around us. They only need talk more about any of them to make them more pronounced. That doesn't even get into them actually pulling the trigger on escalation of any of these on hand events.
These are great rallies and trends to trade etc. BUT keep some sort of REALITY in mind with what and where and WHY these things are moving the way they are.,
Smoke something or wtv. but CALM yourselves.
SPX500 SPY SPX updateLet's take a quick look at the SP:500 and see what's going on.
As stated in the video we have several scenarios going on here due to the fact that there's so much volatility as well as back-to-back major news to be expected all 3 days to end out this week. There will surely be movement in the markets on a scale worthy of trading. However, there's never any way to KNOW which way things will go. Especially in this crazy environment where often good news is currently BASD news for stocks due to the issues with High interest rates and fed policy issues.
I continue to say that most people are often better off sitting on the side lines and waiting for major moves and or to be buying now with a longer time frame for expectations vs just looking to swing trade and day trade these current markets.
Capital preservation is key in markets like this where the overall trend is DOWN. These moments of news can be used to by short dips if looking to sell the rips and or use the worst red days and deepest dips to DCA your longer-term investments.
Remember we are trading in a time of WAR and INFLATION with near Daily assortments of BAD news that MOVES marklets.
Zoom #zm #zoom $zoom $zm update Let's take a look at Zoom since its IPO in 2019.
I think that Zoom could be another one of these stocks that is moving so much more like Risk and crypto that there is a good chance it finds its own base and bottom before much of the rest of the overall stock market etc.
I think that these current levels are becoming quite attractive even for swing trades over the next few weeks/months. but even more so for anyone looking to park some $ for the next 12-36 months, or more.
I feel that Zoom was not just a Temp. useful play during lockdowns and covid19. I think that Zoom will continue to grow and gain adoption. I think that Zoom still has a bright future and has opportunities to even evolve and become something more then it currently is.
If you would like More zoom updates, please feel free to let me know in the comments and what your timeline is like, and I'll do my best to try and help deliver added insight.
Shopify #shop $shop making NEW 52-week.Shopify not only made a new 52-week low today, but we are also looking at buying it for prices not seen since pre pandemic. Prices that it had ran up into without the $ printer running #Brrr.
Making this price range all that more significant.
I have a theory that possibly some of these riskier assets and tech/fintech plays end up finding their own bottoms long before the actual SPX etc. and other stocks.
I think that the more aggressive declines they dealt with earlier on has created a situation where they are ahead of the curve on finding their actual base values and building a structural floor for support ahead of the rest. Possibly kind of like the decoupling we are waiting for from Crypto in general.
Stocks like Affirm, Teldoc, Zoom, Zillow, DocuSign, Sofi might also do similar.
#Tdoc #sofi #zillow #Zoom #Docusign #afrm watch for similar theories to play out, I'll try and keep up to date on it and keep opportunities posted for others. But while researching and thinking for yourself those can be ideas to consider and watch for plays based on.
GBP/USD LONGHi Guys,
I just wanted to talk about a trade a I took today on GU which was a big 4.5 R2R Ratio!
I've kind of switched up my trading strategy, as my old strategy wasn't really working as consistently as I would have liked it to. I use to trade of psychological levels and I use to be really strict with it which held back my trading quite a lot. I use to mark up nearly every level including quarter levels and try and trade level to level which may work for some people but it wasn't working for me.
Now I purely trade of support / resistance levels / Supply / Demand zones and only mark up key levels using the daily, H4 and sometimes H1 depending on the structure on that timeframe.
This week alone I've managed to make 15% which is a huge week - I've been trading XAU/USD, NAS100, GBPUSD, GBPJPY. I have 4 main pairs I look at however, I won't be trading every one as they may not be ready to take, in the morning before I go to the gym, I'll have a quick look at the charts and choose which ones I want to trade today based on the probability of them playing out in my favour.
BUUUT, moving on. This GU trade was a great trade. I saw that price had broken market structure on the H1 TF and was retracing from previous resistance into the nearest level of support.
Price was hovering around the 1.07875 zone, initially I was just waiting for price to make up its mind but eventually I noticed a lot of bullish volume come into the market, I entered on the 5m TF when I saw a many wick rejections on the 15m.
My target was the big 1.10000 level which is a big psych level (I still use big psych levels in this strategy purely for targets).
I held my trade throughout the news as I am a big believer in letting your trades play out which removes some of the emptions involved in trading.
My next trade on GU which could start to play out tomorrow is a pullback to resistance, which could potentially act as support, where I will look to take price higher as you can see on my chart.
The arrows show potential areas where I would look to take a buy but I'd prefer to wait for the deeper pullback.
Bit of a long one description I know guys and it doesn't even cover half of the confluences I use but I hope that helps anyone.
Good luck guys!
NAS100 BUYEvening guys,
I'm going to breakdown NAS100 in its purest form.
I'm fairly new to trading NAS100 but from looking back over the years, this is one of the smoothest moving indices you can trade.
You can clearly see price respects these clear supply / demand zones.
LOL I'm trying to type fast because NAS is playing out so quickly despite being in the late NY session.
Price has failed to break below and hold previous support as resistance, we've now seen price break above into our range and is rejecting support.
I'm looking to take price to my next level of resistance where I may look to take another entry if price successfully breaks above and holds the next level as support.
Tomorrow, I'd be looking to buy or sell at support if price gives us a valid entry.
Stocks are extremely weak at the moment and they are definitely going to drop even further over the next couple of months.
QQQ- Bullish & Bearish Signals / Potential Trade SetupsHello Trader, here is my analysis for the QQQ.
This week is a big week with the FED meeting on Wednesday. Pay close attention to price action leading up to that event.
- If price comes into a key level the prior day, there is the potential for another large sell-off if institutions don't like what they hear.
- It's also possible that we don't see much action until Wednesday as trades may want to wait and hear what the FED has to say.
Onto the analysis...
I've labeled the key factors that the Bulls will have to overcome if they want to have a shot at taking back control.
- Right now the Bears have full control, especially considering that we have 2 lower highs in this current trend and have yet to see the bulls make a higher low.
KEY LEVEL TO WATCH
$293 is currently the most important level. If the Bulls can't take price above that level, they are in big trouble.
- Think of it like this... Above $293 = Bullish. Below $293 = Bearish
Potential Trade Setups To Watch For
Shorts - If the Bulls can take price above $293, I will be scouting for short positions at key levels.
- It's to early to say what that is because there are a lot of factors that come into play when planning trades, however the descending trendline, ,moving averages, and prior pivot high at $310 are all levels I'm keeping an
eye on for a short.
Longs - $269 is the main level I'm keeping an eye on for a potential long at the moment. There are several things that would have to happen first for me to take a trade at that level, primarily the speed at which price comes into that
level. I will keep everyone update on this chart if a good trade entry arises.
Remember, the QQQ is currently in a downtrend and the Bears have control. If the Bulls are going to take control there are many things that must happen first. As a trader looking at this chart, we know that there is a higher probability of trend continuation to the downside until the Bulls take back key levels.
Thanks everyone and best of luck trading!
C98 - Long Term Buy OpportunityC98 has been sitting on long term support levels since the major crash in May-June which affected the entire crypto market. While it did not show any sign of reversal, a recent tweet from its founder, Thanh Lee, suggests that in 4 days a major announcement will be released signalling the potential of directional changes in the price trajectory for the token.
I am buying some at this level, 0.40USDT to position for a possible reversal. Needless to say that we need to remain cautious given current choppy market conditions.
TSLA TRENDS CHARTSharing my TSLA chart for anyone that might be interested. It looks like TSLA is going to tuck into that $243 spot before hitting the next line of trend support. This will allow it close the gap created and allow TSLA to experience a decent runup before a rejection from the overall bearish trend line or R3.
NOTE: R1 does include the weaker bearish trend lines, but if we do break all those as we catch support on a stronger bullish trend, we're still likely to see resistance around the R1 zone.