Solana (SOL), Polkadot (DOT), and Pomerdoge (POMD) - are three tokens that have garnered attention from analysts and investors alike for their potential to shine in September. All these tokens offer unique features and exciting developments that make them worth considering as part of your crypto holdings.
Summary
- Solana showing bullish signals
- Energy Web X Crowdloan goes live on Polkadot
- Pomerdoge projected to soar by 17x
Solana (SOL) has been a standout performer in crypto, defying expectations with its rapid growth. Its blockchain's impressive scalability and low transaction fees have positioned it as a severe contender to Ethereum's dominance.
In recent Solana news, Visa made a decision to utilize the Solana network for settling transactions involving the USDC stablecoin. This partnership validates Solana's blockchain capabilities and showcases its increasing adoption by major financial players.
Solana's high-speed, low-cost transaction environment makes it an ideal choice for projects seeking efficient blockchain solutions, which could further drive the demand for SOL tokens. Therefore, market analysts remain bullish as they predict the Solana price will surge to $29.22 by December 2023.
Polkadot (DOT): The Interoperability Pioneer
Polkadot (DOT) stands out in the crypto market for its unique approach to interoperability. Unlike some blockchain networks that operate in isolation, Polkadot is designed to connect various blockchains, allowing them to communicate and share information. This interoperability is a game-changer for the blockchain space, opening the door to new possibilities.
Recently, the Energy Web X Crowdloan went live on the Polkadot network. As it continues expanding its ecosystem and fostering innovative solutions, the demand for the Polkadot crypto will likely grow.
Due to all these reasons, experts in the field forecast that the Polkadot price will sit between $5.99 and $6.64 by the end of 2023.
Pomerdoge (POMD) is an emerging player in the crypto market, bringing together gaming and blockchain technology. The Pomerdoge ecosystem offers players a unique opportunity to earn rewards while having fun in a competitive gaming environment. Moreover, with its P2E model, Pomerdoge connects players worldwide and allows them to monetize their gaming skills.
One of the most exciting aspects of Pomerdoge is its NFT collection. With 7,777 unique NFTs on the horizon, owning POMD tokens grants access to these exclusive digital assets. While specific benefits remain a secret until the launch, the anticipation surrounding Pomerdoge'sNFTs is enormous.
Additionally, the Arena is an exciting feature within the Pomerdoge ecosystem, allowing players to engage in thrilling battles with their Pomers. It's a winner-takes-all environment where players must showcase their skills and strategies to gain rewards.
Those looking to support this project are purchasing the POMD native token in Phase One of its presale. It costs just $0.014, but further price hikes are coming as the presale advances. In fact, experts foresee it rising by 17x before the presale is over. Also, thanks to its low market cap, they predict it will surge faster than Solana and Polkadot.
Find out more about the Pomerdoge (POMD) Presale Today
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Bitcoin (BTC/USD) remained muted early in the Asian session as the pair continued to experience a bearish technical bias following a failure to establish constructive upside activity above the 26585.66 area, a downside price objective related to recent selling pressure around the 28184.89 area. Traders recently pushed BTC/USD as low as the 24900 area after Stops were elected below a related downside price objective around the 25106.61 area, but bears failed to sustain the downward break. A sustained break below the 25462.40 level will elevate bearish pressure as it is another downward price objective corresponding to significant recent selling pressure around the 28184.89 area.
Stops are cited below the 24197.68 level, a downside price objective related to selling pressure around the 30222 area. Additional price objectives below the market include the 24511, 24339, 23164, 22949, 21496, and 20702 areas. Technical support and potential buying pressure in appreciating ranges from the 15460 and 19568.52 levels include the 23661, 22793, and 21725 levels. Some Stops are cited above the 26764, 27099, and 27576 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 100-bar MA (4-hourly) at 26075.71 and the 50-bar MA (Hourly) at 25859.39.
Technical Support is expected around 24440.41/ 23270.10/ 22769.39 with Stops expected below.
Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong.
Strictly adhering to the SFC’s user registration and KYC requirements, the HashKey Exchange platform supports USD and HKD fiat deposits and withdrawals, and will initially support trading in BTC/USD, and ETH/USD, with plans to introduce more markets following regulatory guidelines.
Hong Kong’s First Licensed Retail Virtual Asset Exchange
Livio Weng, COO of HashKey Group, unveiled the next-generation high-performance trading system, the “HEX Engine,” supporting 5,000 transactions per second (TPS).
Weng also announced a comprehensive upgrade to institutional business solutions, offering robust API interfaces and enhanced account management features (including the Omnibus Account) to provide brokerage and institutional clients with deeper trading liquidity and smoother experiences.
As a licensed entity under the Hong Kong Securities and Futures Commission, HashKey Exchange has devoted substantial resources to establishing a native compliance product framework.
Covering a comprehensive spectrum including user admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and intellectual property (IP) oversight, creating a complete regulatory closed-loop system. This system spans the entirety of internal operational processes, ensuring a robust compliance safeguard for investors.
Exchange Features:
Fiat Currency Deposits & Withdrawals: In partnership with leading commercial banks, HasKey offers USD/HKD fiat currency deposit and withdrawal services, allowing direct transfers between bank accounts and HashKey fiat accounts. Direct USD and HKD transfers from bank accounts are supported.
Fiat Trading Pairs: Providing retail customers with fiat trading pairs such as BTC/USD and ETH/USD, with plans to support additional fiat currencies and pairs, including HKD in the future.
Licensed Custody: Independent licensed custody system subject to regular inspections by the securities regulators. HashKey holds a TCSP (Trust or Company Service Provider) license.
Cold and Hot Wallet Separation: 98% of digital assets are stored in cold wallets and 2% in hot wallets, ensuring the security of the majority of assets.
Asset Insurance: HashKey Exchange pioneers in the industry by introducing professional insurance institutions to provide insurance for client assets under custody.
Authoritative Auditing: The platform strictly adheres to regulatory requirements, undergoing audits and compliance checks by the Big 4 accounting firms, fully complies with various regulatory provisions, establishing itself as one of the most secure exchanges globally.
Setting Sail in the Web3 Era in Hong Kong
The HashKey Exchange Grand Launch was held today at the Maritime Museum Central, Hong Kong.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, announced the official launch of HashKey Exchange and its retail trading services. Mr. Lu Weiding, Chairman of Wanxiang Group, joined 10 distinguished guests in turning the symbolic “helm,” marking the start of Hong Kong’s Web3 era.
Joseph Chan Ho-lim, JP, Undersecretary for Financial Services and the Treasury, Dr. Jimmy Chiang, Associate Director, InvestHK, Norman Chan Tak-lam, GBS, JP, Chairman, Hong Kong Web3 Association delivered their speeches, extending their congratulations to HashKey Exchange for its official launch and offering insights into the development of the Web3 industry in Hong Kong.
Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot, futures, and margin trading. Whether a seasoned trader or just starting your cryptocurrency journey, BITmarkets has something for everyone. So, let’s dive in and discover what makes BITmarkets a top choice in the crypto trading industry.
What is BITmarkets?
BITmarkets is a prominent cryptocurrency exchange that provides a platform for buying, selling, and trading over 150 cryptocurrencies. The BITmarkets exchange offers a user-friendly interface, advanced trading tools, and a secure environment for traders to execute their transactions efficiently. BITmarkets caters to both individual traders and institutional clients, providing a comprehensive suite of trading options to meet their diverse needs.
Spot Trading on BITmarkets
Spot trading is one of the primary features offered by BITmarkets. It involves the purchase or sale of cryptocurrencies for immediate settlement, at the current market price. This allows traders to take advantage of short-term price movements and capitalize on market opportunities. BITmarkets offers a wide range of cryptocurrencies for spot trading, including popular options like Bitcoin, Ethereum, and Ripple, as well as lesser-known altcoins.
Benefits of Spot Trading
Spot trading on BITmarkets offers several benefits for traders:
Immediate Settlement: Spot trading allows for instant execution of trades, ensuring that traders can quickly take advantage of market movements.
Market Price Exposure: By trading at the current market price, traders have direct exposure to the underlying asset and can benefit from its price fluctuations.
Wide Range of Cryptocurrencies: BITmarkets offers an extensive selection of cryptocurrencies for spot trading, providing traders with ample choices to diversify their portfolios.
User-Friendly Interface: The platform’s intuitive interface makes it easy for traders to navigate, execute trades, and monitor their positions.
Spot trading with BITmarkets
Futures Trading on BITmarkets
In addition to spot trading, BITmarkets also offers futures trading, which allows traders to speculate on the future price movements of cryptocurrencies. Futures contracts are agreements to buy or sell an asset at a predetermined price and date in the future. This feature enables traders to take both long and short positions, depending on their market outlook.
How Does Futures Trading Work?
Futures trading on BITmarkets operates through the use of derivatives known as futures contracts. These contracts specify the quantity, price, and delivery date of the underlying cryptocurrency. Traders can profit from futures trading by accurately predicting the future price movements of the asset.
Advantages of Futures Trading
Futures trading on BITmarkets provides traders with several advantages:
Leverage: BITmarkets offers leverage options, allowing traders to amplify their positions and potentially increase their profits.
Hedging: Futures contracts can be used as a risk management tool to hedge against adverse price movements in the cryptocurrency market.
24/7 Market Access: BITmarkets provides round-the-clock trading, allowing traders to take advantage of market opportunities at any time, regardless of their geographical location.
Price Discovery: Futures trading facilitates price discovery by providing a transparent marketplace for buyers and sellers to determine the future value of cryptocurrencies.
Margin Trading on BITmarkets
Margin trading is a feature that allows traders to borrow funds to increase their trading position. BITmarkets offers margin trading options, giving traders the opportunity to amplify their potential profits. However, it’s important to note that margin trading also carries increased risk, as losses can exceed the initial investment.
How Does Margin Trading Work?
Margin trading on BITmarkets involves borrowing funds from the exchange or other traders to increase the size of a trading position. Traders can choose the leverage ratio they wish to use, which determines the amount of borrowed funds relative to their own capital.
Benefits and Risks of Margin Trading
Margin trading offers several benefits and risks that traders should consider:
Increased Profit Potential: By leveraging their positions, traders can amplify their potential profits if the market moves in their favor.
Diversification: Margin trading allows traders to access a wider range of trading opportunities, as they can allocate their capital across multiple positions.
Risk of Losses: Margin trading carries a higher risk, as losses can exceed the initial investment. Traders must carefully manage their margin positions to avoid significant losses.
Margin Calls: If the value of a trader’s position declines significantly, they may be required to add additional funds to meet margin requirements or risk having their position liquidated.
About BTMT – the native token of BITmarkets, which will run on Polygon Network
BTMT, the native utility token of the BITmarkets crypto exchange, is an ERC-20 token that has also been integrated into the Polygon network. BTMT already completed a private sale last summer which ended in June 2023. Its public sale will be launched by the fourth quarter of this year.
Registered users of BITmarkets who have purchased BTMT during one of its sales periods will benefit from more advantageous price quotes. In the second half of 2024, BITmarkets further plans to introduce a feature called “BTMT Earn” where BTMT holders will be able to lock their tokens for interest.
The exchange also plans to support ESG-related activities in the future and the platform will provide an opportunity for BTMT holders to express their preference regarding the recipients of this support.
Polygon + BITmarkets
BITmarkets selected the Polygon blockchain to deploy the BTMT token, as Polygon is an established, fast, and scalable solution for apps and projects.
Polygon adopts a PoS (Proof-of-Stake) consensus mechanism which allows it to scale up to 65,000 transactions per second with a block confirmation speed of under two seconds while boasting a $0.015 average transaction fee. These parameters present Polygon as one of the most rapid and versatile networks with top-tier levels of security.
Security and Regulation
BITmarkets, regulated within the EU under a Lithuanian license also in the Marshall Islands, prioritizes the security of its users’ funds and personal information. The exchange implements robust security measures, including two-factor authentication, encryption protocols, and cold storage for cryptocurrencies. BITmarkets complies with relevant regulations and undergoes regular audits to ensure compliance and maintain trust with its users.
More Features
– Local support in more than 15 languages
– Users can deposit via SWIFT, SEPA, Credit Card, RepeePay, deluxepay365, growpayments, and VNPAY
– The exchange offers the native BITmarkets Token (BTMT) which includes exchange operation benefits for holders and users
Conclusion
BITmarkets is a top-tier cryptocurrency exchange that offers a comprehensive suite of trading options for both retail traders and corporate clients. With features like spot trading, futures trading, and margin trading, BITmarkets provides a diverse range of opportunities for traders to capitalize on the market. As a regulated exchange, BITmarkets offers multiple platforms and markets along with the tools and resources to help you succeed in the dynamic world of cryptocurrency trading, you can check out BITmarkets here.
Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot trading, futures trading, and margin trading. Whether you’re a seasoned trader or just starting your cryptocurrency journey, BITmarkets has something for everyone. So, let’s dive in and discover what makes BITmarkets a top choice in the crypto trading industry.
What is BITmarkets?
BITmarkets is a prominent cryptocurrency exchange that provides a platform for buying, selling, and trading over 100 cryptocurrencies. The BITmarkets exchange offers a user-friendly interface, advanced trading tools, and a secure environment for traders to execute their transactions efficiently. BITmarkets caters to both individual traders and institutional clients, providing a comprehensive suite of trading options to meet their diverse needs.
Spot trading | BITmarkets
Spot Trading on BITmarkets
Spot trading is one of the primary features offered by BITmarkets. It involves the purchase or sale of cryptocurrencies for immediate settlement, at the current market price. This allows traders to take advantage of short-term price movements and capitalize on market opportunities. BITmarkets offers a wide range of cryptocurrencies for spot trading, including popular options like Bitcoin, Ethereum, and Ripple, as well as lesser-known altcoins.
Benefits of Spot Trading
Spot trading on BITmarkets offers several benefits for traders:
Immediate Settlement: Spot trading allows for instant execution of trades, ensuring that traders can quickly take advantage of market movements.
Market Price Exposure: By trading at the current market price, traders have direct exposure to the underlying asset and can benefit from its price fluctuations.
Wide Range of Cryptocurrencies: BITmarkets offers an extensive selection of cryptocurrencies for spot trading, providing traders with ample choices to diversify their portfolios.
User-Friendly Interface: The platform’s intuitive interface makes it easy for traders to navigate, execute trades, and monitor their positions.
Futures Trading on BITmarkets
In addition to spot trading, BITmarkets also offers futures trading, which allows traders to speculate on the future price movements of cryptocurrencies. Futures contracts are agreements to buy or sell an asset at a predetermined price and date in the future. This feature enables traders to take both long and short positions, depending on their market outlook.
How Does Futures Trading Work?
Futures trading on BITmarkets operates through the use of derivatives known as futures contracts. These contracts specify the quantity, price, and delivery date of the underlying cryptocurrency. Traders can profit from futures trading by accurately predicting the future price movements of the asset.
Advantages of Futures Trading
Futures trading on BITmarkets provides traders with several advantages:
Leverage: BITmarkets offers leverage options, allowing traders to amplify their positions and potentially increase their profits.
Hedging: Futures contracts can be used as a risk management tool to hedge against adverse price movements in the cryptocurrency market.
24/7 Market Access: BITmarkets provides round-the-clock trading, allowing traders to take advantage of market opportunities at any time, regardless of their geographical location.
Price Discovery: Futures trading facilitates price discovery by providing a transparent marketplace for buyers and sellers to determine the future value of cryptocurrencies.
Margin Trading on BITmarkets
Margin trading is a feature that allows traders to borrow funds to increase their trading position. BITmarkets offers margin trading options, giving traders the opportunity to amplify their potential profits. However, it’s important to note that margin trading also carries increased risk, as losses can exceed the initial investment.
How Does Margin Trading Work?
Margin trading on BITmarkets involves borrowing funds from the exchange or other traders to increase the size of a trading position. Traders can choose the leverage ratio they wish to use, which determines the amount of borrowed funds relative to their own capital.
Benefits and Risks of Margin Trading
Margin trading offers several benefits and risks that traders should consider:
Increased Profit Potential: By leveraging their positions, traders can amplify their potential profits if the market moves in their favor.
Diversification: Margin trading allows traders to access a wider range of trading opportunities, as they can allocate their capital across multiple positions.
Risk of Losses: Margin trading carries a higher risk, as losses can exceed the initial investment. Traders must carefully manage their margin positions to avoid significant losses.
Margin Calls: If the value of a trader’s position declines significantly, they may be required to add additional funds to meet margin requirements or risk having their position liquidated.
Security and Regulation
BITmarkets prioritizes the security of its users’ funds and personal information. The exchange implements robust security measures, including two-factor authentication, encryption protocols, and cold storage for cryptocurrencies. Additionally, BITmarkets complies with relevant regulations and undergoes regular audits to ensure compliance and maintain trust with its users.
More Features
– Local support in more than 15 languages
– Users can deposit via SWIFT, SEPA, Credit Card, RepeePay, deluxepay365, growpayments, and VNPAY
– The exchange offers the native BITmarkets Token (BTMT) which includes special exchange benefits
Conclusion
BITmarkets is a top-tier cryptocurrency exchange that offers a comprehensive suite of trading options for both retail traders and corporate clients. With features like spot trading, futures trading, and margin trading, BITmarkets provides a diverse range of opportunities for traders to capitalize on the cryptocurrency market. The exchange’s user-friendly interface, mobile platforms, advanced trading tools, and commitment to security make it an ideal choice for traders at all levels of experience. So, whether you’re a seasoned trader or just starting your crypto journey, BITmarkets has the tools and resources to help you succeed in the dynamic world of cryptocurrency trading, check out the exchange by clicking here.
HashKey Exchange, the first licensed retail virtual asset exchange, announces its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey Exchange held the grand launch in Hong Kong. Direct USD and HKD transfers from bank accounts are supported.
The HashKey Exchange Grand Launch was successfully held today at the Maritime Museum Central, Hong Kong. Joseph Chan Ho-lim, JP, Undersecretary for Financial Services and the Treasury, Dr. Jimmy Chiang, Associate Director, InvestHK, Norman Chan Tak-lam, GBS, JP, Chairman, Hong Kong Web3 Association delivered their speeches, extending their congratulations to HashKey Exchange for its official launch and offering insights into the development of the Web3 industry in Hong Kong.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, announced the official launch of HashKey Exchange and its retail trading services. Mr. Lu Weiding, Chairman of Wanxiang Group, joined 10 distinguished guests in turning the symbolic “helm,” marking the start of Hong Kong’s Web3 era. Speeches were delivered by Mr. Ronald Lu, CEO ZA Bank, Mr. Thomas Crasti, Partner at PwC, and Mr. Zhang Sizheng, CEO of AIA Hong Kong.
Hong Kong’s First Licensed Retail Virtual Asset Exchange is Live Now
Livio Weng, COO of HashKey Group, unveiled the next-generation high-performance trading system, the “HEX Engine,” supporting 5,000 transactions per second (TPS) to deliver a more stable, faster, and user-friendly trading experience. Weng also announced a comprehensive upgrade to institutional business solutions, offering robust API interfaces and enhanced account management features (including the Omnibus Account) to provide brokerage and institutional clients with deeper trading liquidity and smoother experiences.
As a licensed entity under the Hong Kong Securities and Futures Commission, HashKey Exchange has devoted substantial resources to establishing a native compliance product framework. Covering a comprehensive spectrum including user admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and intellectual property (IP) oversight, creating a complete regulatory closed-loop system. This system spans the entirety of internal operational processes, ensuring a robust compliance safeguard for investors.
HashKey Exchange Key Features
Fiat Currency Deposits and Withdrawals: In partnership with leading commercial banks, we offer USD/HKD fiat currency deposit and withdrawal services, allowing direct transfers between bank accounts and HashKey fiat accounts.
Fiat Trading Pairs: Providing retail customers with fiat trading pairs such as BTC/USD and ETH/USD, with plans to support additional fiat currencies and pairs, including HKD in the future.
Licensed Custody: Independent licensed custody system subject to regular inspections by the securities regulators. We hold a TCSP (Trust or Company Service Provider) license.
Cold and Hot Wallet Separation: 98% of digital assets are stored in cold wallets and 2% in hot wallets, ensuring the security of the majority of assets.
Asset Insurance: HashKey Exchange pioneers in the industry by introducing professional insurance institutions to provide insurance for client assets under custody.
Authoritative Auditing: The platform strictly adheres to regulatory requirements, undergoing audits and compliance checks by the Big 4 accounting firms, fully complies with various regulatory provisions, establishing itself as one of the most secure exchanges globally.
HashKey Exchange is currently operating 24/7, strictly adhering to the SFC’s user registration and KYC requirements. The platform supports USD and HKD fiat deposits and withdrawals, offers trading pairs like BTC/USD, ETH/USD, and plans to introduce more virtual asset pairs following regulatory guidelines.
